France, Germany, the UK: where is best to start a business?

By Real GDPR

When a quarter of new enterprises close their doors in the first two years, there’s more to starting a business than a bright idea. Hiscox's business hub provides expert advice on the skills and responsibilities all businesses need to support their vision through those early days.

What’s more liberating and terrifying in equal measure than becoming your own boss? There’s the fresh challenge and creative freedom but with that comes an unwelcome side order of responsibility – and a 50 percent chance of failure by the five-year mark.

According to Statistic Brain, around 46 percent of businesses fail because of the unsympathetically labelled reason, incompetence. But it should be comforting to know that incompetence in this sense is really the result of an entrepreneur’s lack of knowledge in crucial areas of business rather than their inability to progress.

The Hiscox complete guide to starting a new business addresses these common knowledge gaps to give you the answers you need to set up and run a business smoothly from the outset.

But where is best to start a new business? The graphic below compares the UK with France and Germany in vital areas such as taxation and rental rates.

Read the April 2017 issue of Business Review Europe magazine. 

Follow @BizReviewEurope

Share
Share

Featured Articles

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy