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Three key lessons from scaling up a start-up business

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Successfully growing a business from a start-up to a thriving scale-up involves lots of potential pitfalls however having a plan is key and staying loyal to the fundamentals behind that plan can act as a compass during testing times.

In this video, we speak to Lesley Reeve of fintech Fiscal Technologies, whose software helps companies manage financial supply chain risks, about the challenges and her business partner faced when growing their company from the ground up.

She said: "We have always looked for great business advisors and what we look for in those business advisors is somebody that can challenge us and give us constructive feedback.

"There are many sacrifices you have to make as you grow a business that can affect you financially and your family and friends.

"It is important that you have a vision and that vision is clear. Make sure you also have a purpose for that vision and that people are bought into it.

"Surround yourself with people who can help you on that vision and be agile. You are going to fail but make sure you are quick to get back up again."

This video has been produced in partnership with James Cowper Kreston who provide audit, accounting and tax work along with a range of business advisory services, from offices in Newbury, Oxford, Reading, Southampton and London.

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