Journal :: 1 in 5 Employees Looking to Start Own Business

Published: January 7, 2005
Author: Paul Cadde
Category: Marketing
Permalink: 1 in 5 Employees Looking to Start Own Business

Did you know that one in five employed people are so serious about starting up in business on their own account this year that they have already written a business plan?

They do say there are lies, damn lies, and statistics, and so I guess we should take this with at least a small pinch of salt, especially as the sample was limited to only 500 people. But the survey was conducted by the UK?s largest independent insolvency and corporate recovery specialist, Begbies Traynor, and therefore does carry some credibility.

If there is even a grain of truth in this survey result, and I am sure there is more than that, it suggests there will soon be very many start up businesses around, all requiring a broad range of financial advice.

No doubt Begbies Traynor were particularly interested in the statistic because of the anticipated 40% that will need their insolvency and recovery services within the first two years. But bear in mind that means 60% should survive in business for at least two years.

Do you have the specialist knowledge to provide the corporate financial advice these budding entrepreneurs will all need? Perhaps now is the time to brush up on your skills in this area. We run a number of focussed coaching days, many of which are particularly relevant for the corporate advice market. Coming up later this month is ?Six Ideas to Excite a Corporate Client?. This day, on 25th January in Warwick, is filling up fast, but there are still a few spaces left if you get your booking in quick.

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About Paul Cadde

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