While many entrepreneurs can suffer from something akin to tunnel vision when starting their businesses, it’s always good to look around to take inspiration from other successful businessmen and businesswomen.
After all, it doesn’t matter what industry you’re working in, as cash flow problems can come from unexpected directions. But it’s only the most successful entrepreneurs who will be able to overcome such obstacles and live to fight another day. So here are some of the UK’s most enterprising entrepreneurs who can act as inspiration for your business endeavours.
As head of the gambling group Bet365, Denise Coates has managed to become one of the UK’s leading entrepreneurs. In 2019, she was paid £323 million for her work and set a new record for a chief executive of British business.
Bet365 was launched from humble beginnings in Stoke in 2000. What began in a portable building now has become a multi-billion pound online gambling empire that mainly focuses on sports betting. However, there is also the Bet365 Casino option that the brand introduced in 2004 to provide customers with a way to play a variety of slots and table games from a computer or mobile device.
Coates formerly worked as a cashier in her family’s chain of small betting shops but helped to launch the business online. By taking advantage of the growing trends for remote online betting, Coates has helped Bet365 become an impressive operator in an industry that is faced with increasingly restrictive legislation.
After a career as a business and finance reporter, Martin Lewis was inspired to set up the MoneySavingExpert.com website in 2003. The site was created in a bid to help UK consumers find out more about online deals as well as provide tips as to how they could best save money on a variety of products or services.
Martin continued working as an editor for MoneySavingExpert.com after he sold the website for £87 million in 2012. That was a hugely impressive move considering that the site was initially created for a relatively small fee of just £100.
His expertise in financial affairs is critical to the success of the MoneySavingExpert brand. But the businessman has also been careful to promote his knowledge on a range of other media such as the This Morning television show as well as a fortnightly column in the Sunday Times. Plus, with numerous charitable acts and campaigns to bolster his public image, it is little wonder that MoneySavingExpert.com has grown to become one of the nation’s most trusted brands.
Mumsnet has grown to become one of the UK’s most helpful online resources for new parents. Justine Roberts launched the website in 2000 after a particularly disastrous family holiday, and it provides many useful articles for mothers and fathers along with plenty of popular discussion boards.
What started as a reasonably low-key discussion board for parents to pool information quickly grew to the point where it hosted political debates between David Cameron and Gordon Brown in the 2009 General Election. Although such content included frivolous questions like ‘What’s your favourite biscuit?’, it is thought that Mumsnet proved to have a significant impact on the overall election results.
However, it’s the fact that Mumsnet offers expert advice for all new parents that makes it such a valuable addition to the internet. While there can be plenty of misleading information about childcare online, Mumsnet has managed to provide free access to authoritative facts about raising children, and its discussion boards have helped many new parents feel less lonely.
From here, Mumsnet has grown to be one of the UK’s most recognised and trusted brands. As of 2018, the site enjoyed over 119 million unique users and picked up revenues of £8.6 million. After the success of Mumsnet, Roberts founded a spin-off site, Gransnet, for the over-50s in 2011.