School dropout made £2.5MILLION in lockdown after bargain business launch

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A SCHOOL dropout who set up an Amazon-style business during lockdown has made a £2.5million turnover in just seven months. Jack Lear, from Pembrokeshire, South Wales, “took a gamble” an…

Jack already owned a fancy dress website and had just ordered 200,000 Halloween costumes when theBut after reading that Amazon had hired nearly 10,000 more workers because of a boom in online shopping - the entrepreneur took a chance and started a new business.Credit: Media Wales"I realised I'd dug myself into a pretty big hole with no market to sell them. I could try and weather the storm, which is what most people have done, or I could gamble and start a new business.

"It was a bigger risk to do nothing at all. I would rather fail trying than sit back and watch the business die."The business employs young people from south Wales who found themselves out of work during the lockdownTHERE'S a lot to consider if you're thinking about starting your own business. pay. You can do this online at gov.uk. You’ll also need to decide on the structure of your company . Legally you may also require business insurance, such as public or employers’ liability insurance. A public liability policy protects against damage to third party property or individuals, whereas employers’ liability is a necessity if you have staff.This is where websites and social media come into play. Consider what platforms work for your business and go from there.

His pride and determination meant he would rather take the risk to set up a new venture than "sit back and watch the business die".Jack began his career buying and selling goods on eBay when he was still a schoolboy.

 

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Man starts a business with a £500,000 investment. The whole point about school dropout is irrelevant. Your news is shite

Imagine how many free skool meals for starving kidz that cud pay 4 🤬🤬🤬

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