Fear of failure damaging growth hopes

Martin Baker

Martin Baker

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THE fear of failure is stalling hopes of the North West’s economy pulling out of its slump, a new study has shown.

Research by lender Barclays shows more than half (54%) of entrepreneurs behind the region’s small and medium-sized businesses admitted putting off making important decisions in the past year in case they make the wrong call.

It also showed 26% admitted being more hesitant due to the global economic climate and 17% said they now focus purely on the day-to-day operations of their business.

 

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