The gravity of the risk that is felt by people thinking of starting and operating their own business is vastly inflated, and this is stopping some people from actually taking the next step. This is based on new research by the Department of Trade and Industry, which found that a myth that is spreading among the public is that most small businesses fail within the first year. Actually, contrary to these beliefs, over 80 per cent of new businesses survive after the first year.
This finding is released in the Myths Surrounding Starting and Running a Business research the Department came out with this week.
Good article (part 2 as well), thanks for sharing!