Only 10% of startups succeed in the long run due to the extensive risks that new entrepreneurs run when starting a business. So what’s the key to success? Having the right combination of hard and soft skills to position your business for a strong future. Hospitality management offers aspiring entrepreneurs a rare chance to combine practical and theoretic education, grooming you for entrepreneurial success by strengthening your essential skills.
While there will always be standout success stories from entrepreneurs who "got lucky" and made millions, the majority of successful startup owners got there through a combination of three factors: a good idea, a lot of hard work, and the right skills to create their own success. So, what are those magic skills that would-be entrepreneurs need to acquire?
One of our alumni, Thibaud Lecuyer, the founder of Brazil’s flourishing e-commerce brand Dafiti, describes his experience in a video released today.