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Two years ago, in May 1983, as an optimistic graduate clutching my well earned BA(Hons), I would have laughed at the idea of running my own business. After a year of unemployment and full time job‐hunting, such an option seemed less outlandish. Now, in April 1985, I find myself at the end of my first year as my own boss. Not long ago I had difficulty spelling entrepreneur; now I am one.

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