A campaign aimed at supporting start-ups has been launched as the number of new businesses reaches record highs.
Start Up September promises a month dedicated to advising UK start-ups and entrepreneurs on how to successfully launch and manage their business. The inaugral event takes place on 21 September at Launch 22 in London and will provide opportunities for networking and pitching ideas.
Start Up September says that support and advice is needed more than ever for would-be business owners and entrepreneurs. Over 650,000 new businesses were registered in 2016 and 446,985 start-ups have been established in 2017 so far. However, 90% of start-ups fail within the first five years.
According to the Global Entrepreneurship Monitor, 43% of potential UK business owners express fear as the main barrier stopping them from setting up a new business. In particular, uncertainty around Brexit means many would-be entrepreneurs have reservations about how to navigate the challenges ahead.
Adam Cox, founder of Start Up September said: "With such a high failure rate of start-up businesses in the UK any advice that can help a business increase the odds of survival is invaluable. Often start-up entrepreneurs are in unchartered territory and are learning from painful mistakes rather than following a road map from those that have travelled a similar path before."
The Start Up September campaign is aiming to increase understanding of important topics including money management, cash flow and social media handling.