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6 Issue 72/ 2015 GUESTLIST guestlist.net We sat down with the tech entrepreneur and investor for an exclusive interview. He opens up on what it takes to run a diverse range of businesses in the luxury market sector, how to build a successful business empire from scratch, his challenge to invest in 20 start-up companies by 2016, and what it's like to be recognised as one of the nation's most influential individuals. How to make it big: Freddie Achom You said that you wanted to invest in 20 businesses by 2016, do you think that this is possible? Yes I do. I believe it's possible, because now the entry barrier to starting a business has gone due to technology, that's why more entrepreneurs are emerging. Currently we have invested in a wide range of businesses from tech and media platforms to solar power projects. When starting or investing in a business, what are the key factors you look for? It depends on the type of business sector - each sector is different, but generally the key factors I look for are good leadership skills, a vision for the company and clear sight to revenue/value creation. What would you say to a budding entrepreneur with a good idea but without the connections or network? To be honest there are no excuses anymore, the Internet has made it possible for anyone to research potential investors and to participate in networking events. Would you recommend aspiring entrepreneurs to ditch the employment route and jump straight into business? No, not necessarily, because the mistakes you make as a budding entrepreneur can be avoided by learning through employment. That's how I got my start, I worked for a commission sales based company before I started in business. Also there's nothing wrong with working on your business part time. Do you think the United Kingdom has made it easier for young people to go into business? The assistance you get in the UK is great for the fact that you have the ability to access resources through government agencies and government initiatives. Would you say the Internet has made becoming an entrepreneur easier or harder because of the competition? It has made it easier for entrepreneurs and those with great ideas to come together and to achieve their goals. The great thing about having access to the Internet is that you can start a tech company from your bedroom with little resources. What advice would you give to budding entrepreneurs that are afraid to go out of their comfort zone? I always say go into places you shouldn't be in, that's what I love most. I love being in a room that I shouldn't be in. How important is networking in becoming successful? I would say networking is 60-70% of most businesses but it also depends on what sector you're in. Access to a good network can assist a business to expand or gain traction more rapidly. How does it feel to make the 2015 Power List of Britain's most influential black people? It's always humbling to be recognised for my work in business even though I believe I still have far to go. The thing I'm most proud of is how they acknowledged my giving back to society - even though I plan to give back more in the future, it's always good to help drive change.