A question that has come to my mind a number of times these past weeks and even more so today after watching the snapchat of Fraser Williams, co-founder of Repairly.
His story today showed him and the team working on plans for Repairly, mainly financial plans.
He spoke about the importance of planning but also mentioned how one of his co-founders compliments the team well as heâs good at planning â implying Fraser isnât?
In any case, planning isnât necessarily a skill you will learn at University, mainly because there are endless ways to go about it. Yet planning is something I am learning a tonne about now on my placement â so is some âexperienceâ needed initially to gain that skill set?
Itâs a concern that has come across my mind on several occasions when looking at young entrepreneurs â do you really know enough yet?? I certainly donât feel like I am even close, yet many around me are starting businesses successfully⌠so do they know a lot more than me?
Fraser goes on to say that he doesnât believe planning is necessary for the starting phases â it takes time away from the hustle. Planning, however isnât the only skill; sales, finance management, people management etc. all skills that you wonât be guaranteed to learn at university yet are crucial for business success.
So how do people succeed â they bring in the right people!
Repairlyâs team is growing, constantly bringing in new people that compliment nicely. So no, university doesnât teach you everything you need to know to start a business, yes experience will help you improve, but youâll never know it all â as they say, itâs not what you know, itâs who you know!
(Hear from Fraser himself on snapchat @fraser357)