Britain’s big ideas fail to become reality
Jul 27 2007
While programmes such as Dragons’ Den and The Apprentice portray entrepreneurs’ dreams coming true, many people struggle to put them into action, says a new survey by business angel network Angels Den.
Potential UK entrepreneurs with big ideas are failing to turn them into something more tangible, with 65 per cent of people having had a new business idea at one time in their lives but only 30 per cent having made any attempt to turn their dream into reality.
Financing was the major factor cited for budding entrepreneurs who have not managed to set up businesses, with 77 per cent of people stating that lack of funds was the main stumbling block.
Bill Morrow, joint managing director of Angels Den, comments: ‘We are often told by politicians, industry experts and angels that the UK is a hot-bed of entrepreneurship and innovation; however the facts indicate that while people have the bright ideas they are failing to try them out.’
Entrepreneurs who have had the ‘divine inspiration’ and need some investment can log onto www.angelsden.co.uk and submit their idea to a host of UK business angels.
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