Last year in the UK, 70 new businesses were started every hour.
In just three years’ time, up to 90 per cent of them will have failed.
Business failure is often a personal tragedy, though inevitable in a dynamic market economy.
However, not every failure is due to a lack of demand for a product or service – poor management can destroy what could otherwise be a successful business.
That’s why today we’re launching the Business Stay-Up campaign: a research project with The Entrepreneurs Network and the Centre for Education Economics that aims to increase understanding about the role of skills, knowledge, and experience in ensuring we have fewer unnecessary small business failures.
Read the full article here.