The number of new businesses—and new entrepreneurs—has risen to an all-time high, yet, statistics show that 90% of entrepreneurial businesses will fail, wasting the millions invested and jeopardising founders’ mental health.
The prize is huge. If business success rates improved by just 10%, back of the envelope calculations indicate it could be worth £19.6 billion to the UK economy, $850 billion to the US economy. Most importantly, economic benefit is coupled with the unquantifiable human benefit of preserving entrepreneurial wellbeing.
Coinciding with Global Entrepreneurship Week, the first of our round table debates, we will pool and interrogate the data of the failed 90% – just as they do in other industries – so we can draw the patterns and learn the lessons. The table will discuss entrepreneurship in the community, how we can support start-up businesses, and finally how we can create the best environment for successful entrepreneurs. We plan to leave with actionable takeaways that will help you evaluate your own business.
Louise Nicolson, entrepreneur and author of The Entrepreneurial Myth, and Maryam Mazraei, founder of Autopsy, call for entrepreneurs at all stages of growth and investors to join together to recalibrate entrepreneurship for the health and wealth of all.
Other expert contributors to be announced.
Why not have a drink before the event, or stay for dinner afterwards. Email to book your table.