The fear of company liquidation in its fledgling stages is one any entrepreneur must overcome, and with upfront insolvency advice Manchester’s innovators can do just that.
When you’re setting up in business – especially if you are doing so for the first time – you are stepping into the unknown, whether in terms of business in general, or the specifics of your target market.
All the research in the world can’t tell you everything you will encounter, and figures from insurance intermediaries The Towergate Group show that this fear of the unknown is understandably common, preventing 56% of Brits from turning their ideas into an actual business plan.
Yet 39% of people nationwide, and 35% of people in Manchester itself, are tempted to give it a go – and the insolvency advice Manchester residents have good access to could be a game-changer.
Even if you have not yet set up a business, seeking advice about company liquidation can help you to understand the options if your business plan does not work as well as you’d hoped.
And that removes one element of the fear of the unknown from the process – leaving you free to tackle any other unexpected obstacles as they arise in your firm’s fledgling days.