I run a global business accelerator and from 2010–2018, our team interviewed over 6,000 entrepreneurs and leaders in the UK, USA, Australia and Singapore. We discovered a common journey that businesses go through time and time again. When we looked at the data, it was clear that this was happening across the economy.
Out of 5.7Million businesses in the UK, Over 4.3Million of them have no employees. Despite making up 76% of businesses, these early-stage businesses account for just 7% of business revenue. Conversely, there are just 40,000 companies in the UK with over 50 employees and these businesses account for over 60% of business revenue.
Image: https://www.forbes.com
