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If you’re 70% sure about an idea…GO FOR IT!

October 18, 2011

“If you’re 70% sure about an idea then go for it. Because if you wait till you’re 100% confident in business… you’ll never make a decision, you’ll never get anywhere.” 

Richard Reed

London-based drinks company, Innocent, are impressing analysts with their ability to win customers over with an environmentally – friendly business image.

Watch this video in which Richard Reed, co-founder of the company  describes how he and two friends from Cambridge University, Adam Balon and Jon Wright, took their business venture from idea to reality.

GIVE YOUR OPINION:

Is there a company like this in Spain? Would it be successful? Is it easy to become an entrepreneur in Spain? Can you think of successful young entrepreneurs in Spain?

 

Find out more about the survey on job satisfaction
here 

7 Comments leave one →
  1. jesarqit permalink
    October 15, 2011 4:49 pm

    The video is great! I really enjoy those videos about the people reaching their ideas, dreams or projects. But the good point on this one comes about the uncertainty, those sweats they talk about, just the day before jumping into something they´re not completely sure if it´s going to work or not, but for some time it´s become a recurring dream.

    About the questions, I´m sure such a company would succeed, the only problem about is the mind gap, how we face risk and failure in Spain. Hopefully we are improving. More an more people goes abroad and jumps that gap before coming back. That´s what happened to Javier Pérez-Tenessa, “e-dreams” CEO, and a Spanish entrepreneur. Curiously, he got the idea at Stanford University. I´m sure he has watched Steve Jobs speech.

  2. sarandoa permalink
    October 15, 2011 7:36 pm

    I think is very difficult to become an entrepreneur in Spain. Especially if you are a young entrepreneur.

    First of all, government doesn’t provide anything, even they make things very difficult for us: ask you a lot of innecesary things, papers, permissions, etc.

    Secondly, there is Treasury Department, and it is one of the worst things, thanks to Treasury Department almost that you earn goes to the government.

  3. October 16, 2011 3:25 am

    IBeing a young entrepreneur in Spain is really difficult! To tell you the truth, I think it’s one of the most difficult things in life. Running a business is not a subject we had at School. I mean, we’ve studied a lot of things at school, but not how to be an entrepreneur
    When you decide to set up your own business you overcome a lot of obstacles; It’s not all rosy. You start out without much money and there are a lot of things you don’t understand, most of them related to bureaucracy. You maybe have a very innovative idea and many dreams you want to become true; however, sometimes it seems impossible to get. Treasury Department is the main threat, in my opinion, young entrepreneur have to face. It doesn’t mind if you are beginner or if the money you make doesn’t arrive to live… you have to declare it.
    For example, Whether you don’t know either how to declare your achievments or how to fill out the 130 model is required in there. If you feel silly to do it yourself, you’ll have to pay someone who does it for you.
    You feel terribly lost, a lot of taxes to pay, many things to do, ,maybe you find yourself one day, wondering why nobody taught you these types of things.

    Anyway, I watched the video and it was really funny.

  4. lidiaeb permalink
    October 16, 2011 12:42 pm

    HI. In my opinion all those incredible new ideas should be shown to the world. It doesn´t care the burocracy, young people must keep looking for the way to get their dreams. If they try their best they are spoilt for choice. Bye

  5. October 16, 2011 9:58 pm

    I’ve enjoyed watching the video of Richard Reed telling how they decide to give up their jobs in order to try to set up a new business. They had a great idea.

    I agree with sarandoa. I think that in Spain there’s a lot of troubles to make a new company and that’s why there’s only a few ones which have achieved it succesfully.

  6. October 21, 2011 3:40 pm

    I know some entrepreneurs. All of them had worked for other company before setting up their business.
    Most of them founded a company very similar to the company where they had been previously working. I guess that this is because it’s easier to set up a company if you know how to do the work and if you have contacts: suppliers and customers.
    So being a youth entrepreneur without a lot of working experience, money and contacts is very difficult.

  7. October 25, 2011 12:16 pm

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