Every one of us has a winning business idea in us, but it takes a big leap of faith to make that move to turn that winning idea into a viable startup business.
Although thousands of businesses start up in the UK every year, data from the Office for National Statistics (ONS) shows that more than half of all businesses (57.6%) don’t make it past the five-year mark – a good innings, but that’s a lot of work to eventually wind things up.
And while there’s loads of advice out there on why and how you should go all in for your own startup, there’s not much out there that offers up reasons why you shouldn’t.
But we’ve found some. First though, let’s take a look at how many businesses start up each year.
