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The Inspired Leaders Network returned to London on Monday after a wet summer break, to breathe some life back into the business world and lift the lid on the world of entrepreneurs. Joining us on the evening was the original Apprentice and founder of the Bright Ideas Trust, Tim Campbell and Tom Bloxham, founder and chairman of award-winning property developers Urban Splash. They proved that there is no single "model" for who can succeed as an entrepreneur and both told a strikingly different story. By the time Professor David James from Henley Business School joined them for the explosive question and answer session to wrap the evening up, nobody in the room was left in any doubt as to the potential pitfalls yet undreamt of possibilities that come when taking the leap of faith into the world of entrepreneurialism. Who Said What: Tim Campbell - In my early career I never challenged myself to see what I could achieve. I never made myself uncomfortable enough to question what I was doing. - I set up my cosmetics company to prove my credentials as an entrepreneur but you've got to be true to yourself. I was trying to please too many masters. - We all have a personal responsibility to pass on pearls of wisdom to those coming up behind us. - Forget the emotive side to business; the numbers will tell you the decisions to make. - It's stupid to do something simply because you're worried what other people might think but it IS vitally important to get second opinions and use your mentors. - Entrepreneurialism is a mindset, not a job. Some people are comfortable with that lifestyle, others are not. - What keeps me awake at night is whether I will be able to fulfil what I promise. I have put myself at the head of an organisation and people expect us to deliver. - I have the vision for where I want to take the Bright Ideas Trust and I can articulate that. But I don't know every step and have surrounded myself with mavericks that I empower to do their own things whilst all going towards that vision. - There is no right time to start a business up; it's all about spotting the opportunity and exploiting it. Research will be your greatest guide. Tom Bloxham - Dealing with failure is very important. Some say it is inspiration. Some say it is perspiration. I think it is determination. - As your business grows bigger and bigger it gets harder to control. What I have done is split it down into smaller units. - I'm not very good at being told what to do. In fact, it gives me the hump. - The keys for success are having a vision, knowing where you want to take it, how you communicate it and a relentless attention to detail. - If you can't do something well, don't do it at all. Saying no is the hardest part of all; it's about picking the winners. - When in business, only put on the table what you are willing to lose. - I've always employed people better than me and trusted their judgement. If you lose confidence in their judgement, it is time for them to move on. - Never employ anyone you wouldn't invite round to your house for dinner. - The simplest thing in the world is to go through life without making mistakes. Making quick and decisive decisions will outweigh getting them wrong occasionally. - Tomorrow is the best time to start. The longer you leave it, the more you have to lose. David James - Entrepreneurs aren't stupid. If they lose money, they stop. - I don't believe entrepreneurs or businessmen trust ANYONE to run their business for them. - Rules are normally there to protect those that set them up. Creative rule breaking is completely necessary in business. - A recession is a target-rich opportunity for people that have an idea that can improve the fortunes of their customers.
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