failing businesses

Entrepreneurs start again after Business Failure

Almost nine out of ten British business owners would set up a new venture of their current business failed – in spite of the economic climate. A Barclays Local Business poll of 503 business owners revealed that 87% said they would be keen to start another business should their existing enterprise go under. The poll revealed that the majority would also only wait an average of only four months before getting started with their new venture. Recent research from credit ratings firm Equifax found that the number of UK businesses going bust increased by nearly a third (29%) in July, compared with the same month last year. Barclays Local Business marketing director John Davis said: “The UK’s small business owners are operating in more difficult conditions at the moment and, unf... »