Rachel McCoubrie (24) and Elizabeth Robinson (30); Co-founders and owners of LRM Goods

Rachel: Libby and I met at work and discovered that we shared a common entrepreneurial spirit and loved anything personalised.

Last November, Libby wanted to buy me a Navy Blue personalised passport holder with my initials for my birthday but could only find premium brands that stocked holders worth over £70. 

As a result, we identified a gap in the market for beautiful leather goods, personalised with your chosen initials, at an affordable price. 

The most important thing we learned from starting our business is that if you believe in yourself and put your mind to something, things can and will happen. 

Find your passion and let nothing stop you. There will be times when you will feel completely out of your comfort zone, but embrace this and absorb all the new skills and experiences you can. Don't ever be intimated by obstacles or challenges - you will look back and realise they were put in place for a reason.