It has long been known that entrepreneurs are the life blood of most economies, however the following statistics are very sobering. To that end, we have found that a lot of the heartache caused can be negated by investing in a realistic "Business Plan" and having access to business mentors. We have outlined below the success rates of startups from the three continents that we support.
Business start-up success rate - The United Kingdom
Approximately 600,000 new businesses commence each year. By year five, half of these will have ceased to operate.
Business start-up success rate - The United States
There are 28 million small businesses in the USA, plus another 22 million people who are self-employed, with no employees.
Approximately 543,000 new business start EVERY SINGLE MONTH, ten times the UK number, with a population that is five times larger!
Over 50% of the US population works in a small business.
7 out of 10 new firms survive at least 2 years
5 out of ten survive at least five years.
3 out of 10 survive at least ten years.
Business start-up success rate - Australia.
In Australia there are just over £2million small business operating, as at 2015.
60% of all new businesses cease to operate beyond three years.
1 in 3 new businesses do not survive their first year.
2 in 4 new businesses do not survive past Year 2.
3 in 4 New businesses do not survive past year 5.
Global advisory group are well positioned and have the experience to assist you in giving you the very best opportunity to achieve success.
With our marketing team, we can get your websites, business cards, logo's, pamphlets and product or services brochures designed and printed quickly to allow you to hit the ground running.
If you would like to hear more about our services and how we can help give you the best chance of success, please contact us today.