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More City Women May Have Stopped Credit Crunch

MORE CITY WOMEN MAY HAVE STOPPED CREDIT CRUNCH

Having more women working in senior roles could have helped to prevent the credit crisis.

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Home Workers Get Extra Cover

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Workers Burn Midnight Oil To Make Ends Meet

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Can I really start a successful business

If you have the right attitude, and the right idea, there is no reason why not - but only time will tell in the end. You need to have certain traits though if you want to succeed:

Perseverance:You should not expect your first business to be a roaring success, as most entrepreneurs have had a number of failures behind them before they find the right formula. James Dyson took more than 20 years to succeed. He went solo as an engineer and entrepreneur in1974 but only in 1993 was the first Dyson (DC01) launched. The bag-less vacuum cleaner now outsells its competitors by five-to-one.

Single-mindedness: Even if everyone else thinks it is a crackpot scheme, you might just be the one to prove them wrong. For example John Boyd Dunlop invented the pneumatic tyre in 1888, and even though this Scottish vet was scoffed at , none of us would be able to drive cars at the speed we do, or bicycle as comfortably without him carrying on regardless.

Ambition: 'Entrepreneur' and 'unambitious' is a contradiction in terms. It goes without saying that anyone even reading this guide will be the ambitious type. But remaining ambitious and never resting on your laurels is what separates the wheat from the chaff.
Commitment: Building a global phenomenon worth millions is going to take a significant amount of time, and that means your family, friends and relationships could suffer as a result. Be prepared for this, and make sure you make the decisions you can live with for the long term.

Self-belief: Believing in yourself and your product is as vital as the product itself. Even if your business turns in to a roaring success, its reputation is always very delicate. Back in 1991, Gerald Ratner wiped £500m from his own high street jewellery company when he joked publicly that a 'prawn sandwich' would last longer than a set of 99p earrings bought from one of his stores.

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Off on holiday? Looking at trying your hand at currency trading? If you are doing either, you won't want to miss our new regular currency blog. This week: Sterling Peps Up At Start Of 2011

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