Many Start Out with Little Funds

Western MailJune 21, 2006

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Summary


NEW research has shown that it is now possible to successfully start a business in Wales with less capital than ever before. A nationwide survey, carried out by YouGov and sponsored by Microsoft, has revealed that nearly a third (31%) of entrepreneurs in Wales have less than pounds 10,000 to successfully get their companies off the ground while another 11% have less than pounds 20,000

Moreover, 22% of respondents claimed that they started their businesses with no capital funding.

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Extract


Many Start Out with Little Funds

According to this research, more than half of respondents (54%) who needed capital use personal savings to start their own bus...

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