Tag Archive for start ups

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If you want your start-up to succeed, move to Bristol

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Originally written by Anna Jordan on Small Business
Bristol has the best five-year business survival rate, according to new statistics from BusinessComparison.com.
Supported by recent Office of National Statistics (ONS) figures, the study shows that just four in ten UK start-ups survive their first five years in business.
To identify the most prosperous city for start-ups, researchers looked at the how many businesses were started in UK cities in 2013 and how many were still going in 2018.
In Bristol, 44.4pc of new start-ups survive to the five-year mark, with an economy based on the creative media, electronic and aerospace industries. The only other cities who were above the UK average of 42.43pc were Brighton and Hove (44.1pc) and Leeds (42.9pc).

RankTown/cityNew start-ups in 2013Five-year survival Five-year survival rate

1Bristol2,5701,14044.36pc

2Brighton and Hove1,96086544.13pc

3Leeds3,8951,67042.88pc

4Sheffield2,14591542.66pc

5Cardiff1,66570542.34pc

6Bournemouth91038542.31pc

7Edinburgh2,7301,15042.12pc

8Bolton1,38058042.03pc

9Bradford2,25094542pc

10Aberdeen1,44560541.87pc

>See also: The essential guide to starting a business in Bristol
Plymouth is languishing at the bottom of the list with the lowest start-up survival rate in the UK. Fewer than one in three (30.7pc) new ventures last beyond five years.

RankTown/cityNew start-ups in 2013Five-year survivalFive-year survival rate

21Kingston upon Hull89034538.76pc

22Stoke-on-Trent87033538.51pc

23Nottingham1,33551038.2pc

24Newcastle upon Tyne1,19545538.08pc

25Manchester3,3851,27037.52pc

26Glasgow City2,8301,06037.46pc

27Northampton1,44552035.99pc

28Liverpool2,25080535.78pc

29Portsmouth90532035.36pc

30Plymouth1,09033530.73pc

Unsurprisingly, the south west was the region with the highest business survival rate at 45.6pc. Each of the three regions with the highest survival rate

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5 worst startup ideas and 7 ways to make sure your business gets funded

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Originally written by Mike Lebus on Small Business
After 15 years of looking through business pitches on the AIN platform, you get very quick at analysing investment opportunities and spotting the worst startup ideas. The most common theme is that the entrepreneur clearly hasn’t given their business enough thought to refine it for launch and certainly not enough to inspire an investor.
With this in mind, I am going to list five reasons why an investor might say no, and give real examples of some of the worst startup ideas that we’ve received over the years. It won’t surprise you to learn none of them turned into viable businesses.
>See also: Q&A – Sarah Turner, Angel Academe: ‘Women tend to talk more honestly about their business’
5 of the worst startup ideas…
#1 – Trying to solve a problem that doesn’t exist
One entrepreneur thought it would be a good idea to design shoes with TV screens in them. The rest of us realise there simply is no desire for people to walk around watching TV in their shoes. It’s pretty easy to see why this one never made its way onto the shop shelves.
#2 – The business is immoral or unethical
Investors tend to prefer to

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Millennials: where is the best city for your start-up?

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More and more millennials are taking the risk of starting their own businesses, and they can be based anywhere around the world. But where should they go? According to new research from GoCompare, the top three hubs include: Tallinn, Estonia With its reputation for being digitally savvy, it tops the leader board with a combination of
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Tech for start-ups: three IT essentials to help your new business

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Start-ups are appearing everywhere. Since the global recession, millions of people in the UK have decided that they would prefer to work for themselves rather than work for someone else. Despite improvements in the global and national economy, this trend shows no signs of slowing down. In 2015, 608,100 new businesses were incorporated, up 4.6 per
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Rise of the uninsured economy? Startups boom but lack protection

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More than two million people have started a business in the past three years as the UK experiences the most rapid rise in self-employment in its history. According to a recent survey by AXA, the momentum shows no signs of letting up as a further 3.5 million people say they are planning to go self-employed.
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Start-ups shrug off uncertainty to forecast strong growth

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Almost 90 per cent of UK start-ups are expecting to grow sales next year despite signs of business confidence weakening, according to research from the government-backed Start Up Loans Company. The organisation, which merged with the British Business Bank earlier this year, provides low-interest funding to new and established micro businesses, polled 630 bosses at
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Considerations when starting a small business

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More and more people these days want to break away from the 9-5 routine by starting their own small business. The opportunities have increased significantly thanks to modern technology such as high speed internet and mobile technology. If you are starting a new business, you naturally want to boost the chances of success as much
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Supporting UK start-ups and scale-ups – What can you learn?

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Small and medium-sized enterprises (SMEs) have been the engine of the recent disruption of long time established business models. They have developed new approaches made possible by improvements in technology and connectivity, and account for 60-70 per cent of jobs created in most OECD. That’s why governments around the world have focused investment and policy
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Where is the best city in the UK to launch a start-up?

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Locating a city to set up your new business can be time consuming and stressful as you try to weigh up cost and convenience over available customers and demand. Expert Market have devised the an index of the best cities to launch a start-up. The research evaluates specific data points to provide a detailed picture of
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UK start-ups to be supported by a boost in incubators and accelerators

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New research from the innovation foundation Nesta for the Department for Business Energy and Industrial Strategy seeks insights into the network of incubators and accelerators across the UK that is aiming to help more start-ups get off the ground and survive the early stages of growth. This work complements the work of the government’s Industrial Strategy
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