Starting up your own business can be incredibly empowering. Incubating an idea, turning it into something tangible, setting your own milestones and striking out on your own is exciting and fulfilling.
It’s also enormously challenging. More than 400,000 starts-up will be registered and begin trading this year, but 2017 figures from the Enterprise Research Centre show that on average only 53.7 per cent of UK start-ups will survive the first three years.
In the second of our Life Stages reports, we look at what you need to know to set-up and manage your business and how to best maximise input from family and friends without compromising on your legal obligations and business goals.Download our guide