Thinking of starting a business? You’re not alone! A recent poll of 2,000 adults reveals the biggest hurdle for aspiring entrepreneurs in the UK is securing funding. While confidence, age, and a fear of failure play their parts, 60% pinpoint lack of finance as the main reason holding them back from pursuing their entrepreneurial dreams.
Interestingly, many Brits feel they need more support to take that first big step. Did you know a whopping 76% didn’t realise there’s government help available for startups?
AXA UK is stepping in with its Startup Angel competition, offering two lucky winners £25,000 and mentoring from successful business leaders to kickstart their ventures. AXA’s managing director, Mike Crane, emphasises that the right support can turn dreams into reality, regardless of age or experience.
What’s holding you back? Maybe it’s tax and accounting headaches or staying up to date with tech. Nearly half of those surveyed said they’d be more courageous if they felt more protected from potential mishaps.
To further explore what’s stopping potential entrepreneurs, AXA is hosting a unique event at Broadgate Circle, London. Join AXA Startup Angel mentors, Raphael Sofoluke and Izzy Obeng, as they provide insights and advice to budding business brains.
Remember, starting a business might seem daunting, but with the right knowledge and support, incredible things can happen! Feeling inspired? Share your thoughts on what would make you take the plunge!