Education, education, education!
Wannabe entrepreneurs are being urged to swot up on their subject instead of starting a venture with little or no idea of how to run a business.
Experts reckon fewer enterprises would fail if people took some time to study the basics of cash flow, IT and customer service.
Around 388,000 new firms started in Britain last year but just 11,000 people were attending business-related courses, Times Online reported. There are more than 105,000 full and part-time business courses available in the UK.
Barclays Bank spokesman John Davis said:
"Training is a big issue for small businesses. It's my guess that only a very small percentage of budding businesspeople get training of any sort."
