Business in the News

For many students, the term sole trader first appears as a definition in a textbook: one person owns and controls a business. But what does that actually look like when somebody has to turn an idea into a functioning business? A recent BBC News story provides a useful example. At just 21, Mia Wallace is running Dolly’s Coffee in Lowestoft, Suffolk. She took over the lease of an existing café premises when she was 20, refurbished and rebranded it, and established herself as a

Entrepreneurs are often described as risk-takers, decision-makers and opportunity spotters. But what do those characteristics actually look like when somebody is building a real business? The experience of Vivien Wong, co-founder of Little Moons, provides an interesting real-world example. From accountancy to ice cream At the age of 28, Wong left an accounting career paying around £80,000 a year to establish Little Moons with her brother, Howard. Entrepreneurship was not enti