There is no doubt that starting a business is one of the scariest things you can do, not only in your professional career, but in your life as a whole!
Most employers will give up a steady, paid job to Digital Marketing Company in Bath roll the dice and start from scratch as a new brand owners of their own businesses ,.
From big decisions such as choosing a product or service, target audience and how to raise funds, the choice to be reckless as blue logo you will, there is a lot to think about!
However, there are a large number of positive startup statistics also paint a picture that is altogether more reddish being your own boss.
Statistics and analysis can also be a great way to understand the current state of the UK startup scene and identify potential pitfalls or areas of occasions.
It is for all these reasons that we have produced this final list of startup statistics for you to cast your eyes over and gain insight from.
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Reasons to Start Up
In this section we look at the most common reasons that UK entrepreneurs start their own businesses, what inspires them to do and what holds people back.
64% of UK workers want to set up a business (SME Loan, 2019)
83% of children aged 18-24 years had the ambition of entrepreneurs (SME Loan, 2019)
More men (69%) have the ambition to start than women (56.4%) (Credit SME 2019)
During ⅓ of the UK labor do not enjoy their jobs (SME Loan, 2019)
The age group most motivated by financial gain 18-24 year olds (SME Loan, 2019)
1 of 3 UK workers want flexible hours and have the option of working from home (SME Loan, 2019)
43% of prospective employers do not think they will ever establish their enterprise (SME Loan, 2019)
¼ of candidates of British businessmen were put off by 'fear stress' (SME Loan, 2019)
⅓ of prospective employers UK want to establish business with their husband or wife
Only 13% of British workers would choose their best friend as a business partner
39% of young entrepreneurs see the lack of access to finance as a major barrier to growth (Institute of Directors, 2016)
"⅓ of prospective employers UK want to establish business with their husband or wife"
Startup Failure Statistics
Statistical startup startup failure is statistically the most shared online. Take a look at some damning statistics startup failures below which shows how difficult it can go it alone.
Less than half of UK Startups make it exceed 5 years (GOV.UK 2019)
60% of new business will go-down in three years (Telegraph, 2019)
20% of new businesses would close their doors in just 12 months (Telegraph, 2019)
"20% of new businesses would close their doors in just 12 months"
Startup Success Statistics
Do not believe all the negative news There are more than enough for a small business success statistics reveal that British business is still growing.
1 Companies formed every minute in the UK (GOV.UK 2019)
1 companies formed every minute in the UK"
Startup Funding Statistics
Startup funds or capital 'is the money required to get a new company in his feet and turning ideas into business. startup funding can come from Digital Marketing Agencies in Bath such as personal savings, friends and family, loans, crowd funding and more.
