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The number of people who want to start their own business has been growing in the last decade. The reasons for this phenomenon are different. A recent survey demonstrated that 62% of respondents wanted to make more money, while others stated they want to be their own bosses, have more flexible work hours, or work remotely.
For aspiring entrepreneurs following their passions, finding a niche for a successful business is easy. Among myriad business ideas, home interior design and furnishings remain a stable industry demonstrating a strong 4.5 % growth. This is particularly true for the luxury branch of this industry as luxury sectors in general are uniquely immune to all sorts of crises and price hikes.
Wayne Spriggs’s entrepreneurial journey started at the tender age of 15 when he dropped out of school to try his luck in the business world. Now Spriggs is the founder and CEO of Lusso, the world’s most dynamic online luxury department store specializing in luxury bathware and homeware.
“I had no interest in school – but I was always into business from a young age. I was 12 years old and I’d valet neighbors’ cars and do small DIY jobs, as well as having paper and milk rounds at 5 am,” reminisces Spriggs. Spriggs quickly got into property development renovating and flipping homes to turn them into prime rental properties or properties for sale. With dozens of renovation and interior design projects under his belt, Spriggs realized how hard it was to find expensive-looking furnishings and bathware on a shoestring renovation budget. In search of high-end bathroom products, Spriggs visited scores of bathware manufacturers around the world, learning the ropes as he went along.
With his experienced taste and unparalleled attention to detail, Spriggs decided to try his hand at designing bathware himself. The entrepreneur set up a website and placed his first order for freestanding stone tubs using money he borrowed from a bank. The risk paid off and Spriggs realized he had the potential to grow Lusso into a successful international business. Through hard work and strategic trade show visits to network with potential clients, Lusso has grown into one of the fastest-growing luxury bathware and homeware manufacturers in the UK. Additionally, Lusso is the UK’s only 100% branded online department store.
Speaking to his entrepreneurial savvy, Spriggs’s efforts as the founder and CEO of Lusso received some well-deserved accolades. Spriggs was named Small Business Entrepreneur of the Year at the Great British Entrepreneur Awards 2021. Now delivering to over thirty countries and not ready to rest on his laurels, Spriggs is leading his company to a £1 billion valuation in the near future. To see Lusso’s product lineup, please visit their website here.
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