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Photo
Not
Available |
Timo
Buetefisch
IESE
MBA 2004
Timo.Buetefisch@iese.net |
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Company name:
Lilium
fleurs-à-porter S.L.
Company website:
www.lilium.es
Founded:
June 2004
Current
Revenues: n/a
Number of
employees: 5
Age of
entrepreneur (now/at foundation): 30
How did you fund
the company?: Business Angel Investor (60,000€) |
EC: Briefly
describe the product or service your company provides.
TB: Spain’s first flower
retail chain selling through a variety of sales channels under one
common brand.
EC: What is
your role in the company? How many people in your founding team
and what are their roles?
TB: Founder.
One other co-founder besides myself, but he has already left the
company. Business Angel investor entered and is now running
operational activities of business.
EC: Current
stage of development:
TB:
-
Business Plan
developed: Dec 2003
-
Company registered:
June 2004
-
First customer:
September 2004
-
First shop opening:
November 2004
EC: What do
you consider your greatest achievement?
TB: Starting Lilium, even
though at some point in July 2004 my partner decided to leave and
investors backed out. Found a new partner who runs the business now.
EC: What do
you wish you could do over again knowing what you know now?
TB: Clear responsibilities
with all founders from the beginning. Ventures always start small:
no need to go for big financing from the beginning.
EC: What do
you find the most satisfying about your life as an entrepreneur?
TB: Personal freedom and
the variety of tasks.
EC: What is
the hardest part of daily life as an entrepreneur?
TB: Manage complexity, take
decisions without full transparency and manage various tasks (own job
and company).
.
EC: Would you
do it all over again?
TB: Of course.
EC: So far,
what have been the most important things you've learned?
TB:
EC: Do you
have any words of advice for students from the IESE MBA that are
considering starting their own businesses after graduation?
TB:
Start while at IESE:
you will never have so much freedom in thinking, free time and good
infrastructure as you do while at IESE. |
