60 seconds with
“It was the desire to give something back to society.”
Peter Feller, Start-up Business Mentor Volunteer
Our Business Start-up Mentor Volunteers provide our clients with practical advice and support as they embark on their own personal journeys into the world of self-employment. Click here
for more information.
What made you want to become a Business Start-up Mentor Volunteer?
It was the desire to give something back to society. I’ve done my time, I’ve made a success of my career and my business and have a wealth of knowledge I can offer to someone else looking to start up.
What is the most important thing you have learned in your journey as an entrepreneur?
You have to be single minded with a strong desire to succeed and you need to be prepared to take the rough with the smooth.
You should have as few distractions as possible. You should be totally focused on your venture.
What is the one key piece of advice you would give to someone
The business idea needs to be sound and you need to be in the right place at the right time.
For example there is no point selling umbrellas if you know there will be no rain for a month, but it is a brilliant idea if you know it is going to rain for a sustained period of time.
Even then the umbrellas need to be bought and sold at the right prices and your umbrella stand or shop should be in the right location.
What is the biggest challenge when setting up your own business or becoming self-employed?
The biggest challenge initially for any new start up is getting customers.
There is going to be a lot of trial and error in getting the right sales formula in the initial stages.
Your ability to sell yourself or your product is going to crucial to your success in the early stages.
Once you have started to successfully sell your product or service you can then start to try to get your customers to recommend you and your company.
You could also start getting repeat business from your customers if you are providing the right product / service at the right price.
What made you want to work for yourself?
Ah, I am completely unemployable! (*laughs*) Working for yourself means that nobody can tell you what to do.
You can do what you want when you want. It gives you a sense of freedom and it certainly gives you a massive sense of achievement if you are successful.
Running a successful business means that your profits will go to you rather than an employer who will be making money out of your working time.
Did you have a mentor when you were starting out?
Initially, my first venture was to buy a franchise so yes, the company I bought the franchise from provided me with quite a lot of good advice. But I didn’t have an individual mentoring me.
I think I would have found that very helpful.
What would you say to someone who was thinking of becoming a Business Start-up Mentor?
I would say to anyone thinking of becoming a Business Start-up Mentor is that it is very important they know what they are talking about. It is all about the quality of the advice. Bad guidance or steering individuals in the wrong direction can be very damaging and detrimental.
For more information on Peter Feller
We are recruiting for Business Start-up Mentor Volunteers in London, Essex, Kent, Hertfordshire, Bedfordshire
Our Business Start-up Mentor Volunteers provide our clients with practical advice and support as they embark on their own personal journeys into the world of self-employment.
Click here for more information on becoming a Business Start-up Mentor volunteer