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Infographic: How to survive the first two years of business

Your step-by-step small business start-up guide

It has been estimated by the think tank “Centre of Entrepreneurs”, that a record 600,000 new companies will be launched in 2015. Whilst this is a positive indicator about the state of the UK’s business environment, the harsh truth is that 50% of these businesses will fail within their first couple of years.

A shocking statistic, which emphasises just how much importance needs to be placed on the planning and preparation of a business venture.

Having helped thousands of businesses develop their brand identities and marketing materials, design and printing company Helloprint has decided to give something back to the UK’s thriving business community, by developing a step-by-step guide to launching a new business venture.

The checklist includes everything from finding a mentor to registering your business, as well as advice on what you need to consider before becoming operational and ways to promote your company before and after launch.

The information included comes from Helloprint’s years of experience working alongside SME’s – understanding what they found difficult when starting up and listening to their recommendations to today’s budding entrepreneurs.

So just how important are small businesses to the UK?

• In 2014, there were 5.2 million businesses in the UK, over 99% of which were small and medium enterprises.
• Small and medium enterprises employed 15.2 million people in the UK in 2014.
• The European Commission’s SME Performance Review estimates the Gross Value Added of European SME’s was €473 billion which equates to 49.8% of the UK economy.

You can take a look at the infographic here - http://www.helloprint.co.uk/blog/author/sebastiaan/small-business-start-up

This was posted in Bdaily's Members' News section by Helloprint .