He is the owner of confectionary company Candy Kittens.
Yet Jamie Laing, 32, has revealed how he lost £70,000 on expensive set up costs in the early days of the business.
Speaking to Emily Austen on The Busi-Ness Podcast the former Made In Chelsea star said: ‘We had a crazy bill. Something like 70,000 pounds.'
Teething problems: Jamie Laing, 32, revealed on Wednesday how he lost £70,000 on expensive set up costs in the early days of the business
In 2012 alongside Managing Director Ed Williams, Jamie launched Candy Kittens, an innovative, gourmet sweet range.
The entrepreneurs had a candid chat to host Emily about the initial hiccups and the reality of running a business.
Ed said: ‘In the early early days, to be honest, we made a lot of mistakes when registering the business and setting up the share structure and all of that sort of stuff.
Mainly because we just paid London accountants and lawyers to do that work for us, because we just thought, “okay”, that's what you have to do.’
Businessman: The entrepreneur's had a candid chat to host Emily about the initial hiccups and the reality of running a business
The MD explained how they managed to rack up huge bills in the first year of Candy Kittens.
‘You get recommended to people through others, that probably don't run their own business, but actually just work at big businesses. “Oh, yeah, we use this accountant”.
'Well, of course you do, you’re a 100 million dollar company, of course you use that, but we didn’t need to. So we ended up with huge bills.’
Jamie went onto say: 'Yeah, it was ridiculous for our first year of accounting, and I know now we're paying a lot, lot less than that
