On entrepreneurship and the sharing economy with JustPark founder Anthony Eskinazi and CEO Alex Stephany (Interview)

Alex Stephany (left) and Anthony Eskinazi (right)

Back in Romania, we are facing a high rise in the number of start-ups and small businesses. Is it possible that in the future we build an economy made only of entrepreneurs?

Anthony Eskinazi (Founder): We’re experiencing high growth in the number of startups, especially in the tech sector, across the globe – and these companies are really reshaping the world in which we live. Companies such as JustPark are introducing new, more efficient ways to run our everyday lives, shaking up old-fashioned industries and forcing incumbents to evolve and update. Of course, these traditional industries are still incredibly valuable to the economy, but having a wealth of disruptive startups that will drive innovation is hugely beneficial.

Startups also create jobs – and lots of them. According to 2014’s High Growth Small Business Report, high-growth small firms created 68% of all new jobs in the UK between 2012-2013, despite making up only 1% of total businesses. With the vast array of funding opportunities and accelerator schemes available to startups, I’m sure we will continue to see a rising number of these companies breaking through.

We like to learn as much as possible both from success and from mistakes. Tell us one thing you wish you had done differently and please kindly offer us a piece of advice for young entrepreneurs.

Anthony Eskinazi (Founder):  Looking back, I wish I’d had a co-founder from the start – being the sole founder was tough work and a lonely existence a lot of the time. If I was to do it again, I’d have brought a partner like Alex in sooner – being able to share the ups and downs and excitement with someone else is so important. Single-handedly, I couldn’t achieve everything I wanted to fast enough. When Alex joined in 2011, we were able to drive the business forward faster and when it comes to startup, speed matters almost more than anything.

In terms of advice for young entrepreneurs, I’d say it’s all about perseverance – have confidence in your ideas, and keep working hard to make them a reality. There will always be challenges – companies such as JustPark are mapping new territory, and inevitably there are tests along the way. However, these tests make you stronger, and making mistakes is a good thing – it’s how you learn. So keep at it!

 

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