Start-up

Abstract

Starting a business is not an event, but a process which may take many years to evolve and come to fruition. Very few people are born entrepreneurs and very few new businesses are unique. Yet it is estimated that around 200,000 new firms are created each year in the UK. While many do not survive beyond the first few difficult, formative years, many do continue to grow and provide a livelihood for both owners and employees, although few of these grow to be the large firms of the future, or, indeed, beyond the ownership of the original founders. Interestingly, since the early 1980s, this has been despite the wider availability of venture and development capital, and the launching of the various junior securities markets.

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