4.8 • 4.7K Ratings
🗓️ 1 November 2024
⏱️ 30 minutes
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0:00.0 | Hi there, I'm Jay Comfrey and this is Startup to Stand Out, a short series from high performance in partnership with Lloyd's Bank. |
0:08.0 | And this is actually the final episode of our mini series. I've loved talking about entrepreneurship, sharing with you the challenges of businesses, how hard it is to actually go it alone. |
0:18.0 | And look, many of us know that entrepreneurship journeys are tough, but the stats |
0:21.4 | drive home just how hard it is. 60% of businesses fail in the first three years, 20% of them |
0:27.5 | fail in the first year, just 42.5% of new businesses make it to the five year mark. And that's |
0:34.7 | really what this series is about, just understanding the challenges, but also |
0:38.1 | inspiring people like you to give it a go. And I'm feeling rather inspired today because I'm |
0:43.0 | returning home actually to Norwich to meet the owners of a gorgeous French restaurant called |
0:47.5 | Lexagol. And you know what? Stats around new restaurants are even more alarming than the ones I |
0:52.7 | just told you. 60% of restaurant businesses fail in the first year. |
0:58.2 | So why? What can we learn from today's conversation to help other people? |
1:03.1 | Well, I'm really pleased to say that actually Lloyds have supported Thomas and Gemma, |
1:07.8 | the founders and creators of Lexagon who set the business up. They've provided |
1:11.5 | holistic business support, as well as guidance on starting growing and managing their awesome |
1:16.5 | business. So it's time to find out what Thomas and Gemma can share with us about their story |
1:22.3 | so far. Hi, Jake. Welcome to Lexagon. Nice to to meet you Gemma. Thank you for having me. |
1:29.3 | I've just been talking outside about the challenges of running a business, right? |
1:33.3 | Which we will get on to, but before that, let's talk about the fun stuff. |
1:36.3 | So this is run by you and Thomas. |
1:38.3 | Business partners and partners? |
1:40.3 | Yep, husband and wife and business partners, yeah. |
1:43.3 | So, yeah, the whole hog. |
... |
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