The Franchise Magazine:

Less than seven out of 10… these are the odds of survival for more than three years – never mind achieving success – for a new business start-up in the UK today, according to survival rate statistics of VAT registered businesses released by the Small Business Service. That means that almost one third of the UK’s entrepreneurs that plough their business loans and nest eggs into new businesses will lose out to poor marketing, bad organisation, wrongly identified markets, inaccurate financial forecasts, management mistakes, shifting economic conditions… or any number of other pitfalls littering the road to building a successful business.

Statistics such as these turn many aspiring entrepreneurs off the idea of starting their own business. However, earlier this year Franchise Development Services’ ‘Franchising in the UK’ survey estimated that some 75,000* UK businesses are in existence thanks to their owners choosing to invest their money into a more proven avenue to business success by purchasing a franchise. By investing in a franchise… read on.

Related posts:

1. Hot Tips For Franchise Success The Franchise Magazine: Franchising offers a great way to...
2. Nuts And Bolts Of Becoming A Franchisee YourHub.com: Have you ever thought about owning your own...
3. Is Franchising A Biz Really A Guarantee Of Success? SmartCompany.com.au: Many small business owners exist in the misapprehension...
4. Trading On Franchising Success Manchester Evening News: Starting up a small business is...
5. Launching Your Own Franchise Daily Journal of Commerce: In these tough economic times,...

Related posts brought to you by Yet Another Related Posts Plugin.