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This Bristol entrepreneur launched a business in her 20s - and is set to turn over a quarter of a million in 2018

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Written by: Hannah Baker | Posted 08 January 2018 17:09

This Bristol entrepreneur launched a business in her 20s - and is set to turn over a quarter of a million in 2018

Liz Mugan was only 28 when she founded her Bristol-based consultancy business. Eighteen months on and the company is set to turn over £250,000 in 2018. Here, she talks about launching a business in her twenties - and offers advice to others looking to set up on their own

Liz Mugan wanted to be her own boss from a very young age.

When she finished her education she spent a few years working for different companies before deciding to set up her own firm at the age of 28, in 2016.

The business, Quadrant Resolution, provides legal, project, debt collection and training consultancy services to the construction sector.

Eighteen months on and Liz has three employees and the business is predicted to turn over a quarter of a million in 2018.

She said: “I didn’t think I would start a business before my thirties, but after working for a few different companies over about eight years and seeing what worked well for clients and what didn’t, I knew I could set up something which would appeal to them. 

“I also wanted freedom, flexibility and control over my working day.”

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But there have been challenges along the way for the entrepreneur, who admits working alone at the beginning was tough.

Liz said: “Working by myself in my little box bedroom for six months was a real challenge. I like working alone but it wasn’t easy doing it for at least eight hours a day, five days a week, but I’m so glad I took that leap of faith.”

The other challenge, she says, was recruiting people. She explained: “It takes a lot of time to find the right people, but getting the right team to support you and your goals is crucial.”

Liz says it is easy to wait for the perfect time to start a business, but it will never come, and people who want to launch a company should just go for it.  

She added: “If you have a good idea and you know you can succeed, make a plan as to what you need to get started and get some support. 

“I had a business coach and an accountant from day one and they were both invaluable.”

Looking to the future, Liz says she wants to build an “excellent team” so she can provide developers and builders with everything they need to successfully complete their projects.

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