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


Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy


The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital