According to one expert, the struggle for financial security is the main struggle facing most start-up firms.
Mick Hegarty of BT Business commented that despite the reward of working for yourself, getting a business off the ground is tremendously hard work. Entrepreneurs need to keep a close eye on their budget, in order to generate a sufficient amount of revenue.
Hegarty added: "There is still that challenge of finding customers and getting yourself known and recognised and being able to stand out from the crowd."
Recent studies conducted by Enterprise Nation on behalf of BT Business discovered that 44% of London home-run businesses cite financial stability as their biggest hurdle. The north-west saw this figure rise to 58%, believing that economic instability was the largest factor affecting their business prospects.
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