Launching a business is fraught with challenges, so much so that almost half of all start-ups fail within the first three years. Hefty taxes, too much competition and poor financial planning are often the most cited reasons as to why. The startling statistics demonstrate the importance of planning for failure, as well as for success.
But it’s not all doom and gloom – it is possible for budding entrepreneurs to build a successful company with a little grit, determination, and sound advice.
The Telegraph spoke to 10 founders of UK companies to ask about their secrets to success, and for tips on how to build a multimillion-pound company.
Pull in the favours
George Wood, chief executive and founder…