Scotland has lots of exciting businesses being set-up, and I saw first-hand at the recent StartUp Summit just how much potential many of these fledgling organisations have when it comes to tackling real global issues.
But what is also clear is that too many great businesses with original ideas end up failing. This is partly because of the poor use of digital technology that results in them taking on too many people and not generating enough profit. With estimates suggesting that more than half of all UK start-ups fail within the first five years, this is a real issue for the whole Scottish economy.
The question that needs to be answered – as a matter of urgency – is around what can be done to improve survival rates and see start-ups successfully scale-up.
Read the full article from our CEO Darren Auld over at The Scotsman