Today, Re:Align:Design Ltd (nee Sammyco Consultancy Ltd) ran by Sam Hutchinson is five years old, no mean feat when you consider the below article from http://www.bytestart.co.uk/
BUSINESS START-UPS AND CLOSURES SURGE
New statistics released by Barclays show that a record 471,500 new businesses were started up in 2007 - an increase of 3% on 2006.
Looking at these numbers, you might conclude that entrepreneurship is thriving in the UK. However, the figures released by Barclays also highlight a more worrying trend.
The number of businesses that closed down in 2007 surged to 498,900 - an 8% increase on 2006. At this level, the business closure rate is 17%, which is very high by historical standards. In fact, the only time the rate of business closures has been higher was in 1992, when they hit 18%.
The statistics highlight the perilous nature of launching a business. But, when we set out in business, we know that the odds are stacked against us.
According to the statistics, half of all new businesses will fold within the first 3 years. But if we allowed the fear failure grip us, we would never break out of the 9 to 5 grind, and never experience the thrills and spills of running our own business.