Parents can play a vital role in the creation of new businesses
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https://www.ft.com/content/db2ed7ac-3588-48d9-a3ae-7a64d3b72d14?syn-25a6b1a6=1But the origin story of the business is similar to that of many small and medium-sized companies operating today. It began in the family home — and may never have got off the ground had it not been for the efforts — and considerable patience — of Denny’s parents.
New research by Starling Bank into the role parents play in the creation of UK start-ups found that 38 per cent of young founders were living at home when they launched their first business, with a third saying that their parents provided services such as cooking their meals and doing laundry so that they could focus on the task at hand.
A third of those surveyed also used the parental home as the business address, such as Chester Robinson, who roped in his mother, Oyinda, to trial products and make deliveries.
