{"id":1623,"date":"2016-12-05T12:03:08","date_gmt":"2016-12-05T12:03:08","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=1623"},"modified":"2016-12-05T12:03:08","modified_gmt":"2016-12-05T12:03:08","slug":"more-than-three-quarters-of-start-ups-profitable-in-first-year-of-trading-says-study","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/more-than-three-quarters-of-start-ups-profitable-in-first-year-of-trading-says-study\/","title":{"rendered":"More than three quarters of start-ups profitable in first year of trading, says study"},"content":{"rendered":"<p>A new study suggests that more than three quarters (79 per cent) of UK start-ups have turned over a profit within their first year of trading, while a quarter claim that they have made a profit within their first one or two months.<!--more--><\/p>\n<p>The research, carried out by business directory Yell.com and highlighted in <em>Business Matters<\/em> magazine, reveals that British entrepreneurs are also spending a lot less money than most would expect in order to get their micro-businesses up and running.<\/p>\n<p>57 per cent of entrepreneurs quizzed said that their small business cost less that \u00a31,000 to set up.<\/p>\n<p>A further 74 per cent believe that the company they have brought to life is either \u2018very\u2019 or \u2018quite\u2019 successful.<\/p>\n<p>Mark Clisby, Marketing Director at Yell.com Business, said: \u201cSetting up a business can understandably be daunting, especially when taking the financials into account.<\/p>\n<p>\u201cHowever, our research sheds a promising new light on starting up and making success of a dream\u201d.<\/p>\n<p>According to reports, almost 600,000 new start-ups have been created in 2016 so far \u2013 a number which is expected to balloon further by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new study suggests that more than three quarters (79 per cent) of UK start-ups have turned over a profit within their first year of trading, while a quarter claim that they have made a profit within their first one or two months.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1623"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1623"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1623\/revisions"}],"predecessor-version":[{"id":1624,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1623\/revisions\/1624"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}