The results are in: 2024 is a great year to start a business!
Watching the news you’d be forgiven for thinking it’s all still a bit grim when it comes to the economy. After all, gloom and doom makes for great headlines! However, while it’s true that a number of businesses have suffered over the last few years, there are plenty that have not only survived, but thrived, and that includes new businesses.
However, this is a lot more than just optimistic thinking or trying to have a positive mental attitude for the year ahead. The Geek Retreat franchise have actually commissioned their own research asking a sample of UK consumers and business owners to share their views on that state of the economy. If you believe the current climate makes it too difficult to start your own business, the results might surprise you:
- 15% of Brits have set up their own business in the past ten years, and of these, 44% did so in the last three years
- More women (52%) have started their own business in the past three years, compared to men (30%)
- Retail was the most popular sector, accounting for 19% of all new start-ups
Where some people saw a crisis, others saw an opportunity!
This is fascinating data, not just because it shows that so many people are finding success starting their own business, but also that the retail sector is still one of the most attractive and lucrative for new businesses.
The Geek Retreat franchise itself has managed to grow it’s network from 10 to 36 stores since 2019, making it the perfect example of a business model which has the wide appeal and resilience to withstand one of the most turbulent times for the retail industry in decades.
More of the report is set to be released soon, and it promises to be just as interesting. Watch this space for more info in the next few weeks!
Starting a new business is always a risky venture, but you don’t have to go it alone!
“At Geek Retreat, we encourage an entrepreneurial spirit and offer franchisees the independence to grow and expand, but with support from our central Franchise Success Team who provide expertise across all areas of the business to help them succeed.” – Pete Dobson, CEO Geek Retreat.
There’s never any such thing as a 100% guarantee in business, but joining a franchise like Geek Retreat Is all about maximising your chances of success. For those with the right entrepreneurial spirit, and a genuine desire to succeed, their combination of a fantastic business model and expert support is a real recipe for success.
For the right kind of person, a Geek Retreat franchise could be the perfect way to embrace all the incredible opportunities that 2024 can bring your way.
Could that be you?
There’s really only one way to find out, and that’s to get in touch. I’ll be able to give you all the information you need, and answer all your questions, but I will also be able to help you discover if this is the right opportunity for you and your plans for the future.
Just click the button at the bottom to schedule a call.
I look forward to hearing from you.
With kind regards,
Senior Franchise Consultant