Entrepreneurs predicted to take less risks in 2008

The director of an online site for business angels and budding entrepreneurs warns that the UK economy will suffer if business start-ups steer on the side of caution.
 
Echoing the thoughts of business angels signed up on the funding site, www.angelsden.co.uk, Director, Bill Morrows believes that higher interest rates and predictions of an economic downturn will prevent many potential start-up businesses from getting off the ground. 
 
Starting up a new business can be a huge risk, with 20,000 UK start-ups failing in their first year of business. Coupled with the initial outlay and the fragile state of the current economic climate, it is no wonder that many business ideas will never get further than an outlined plan.