There’s something of an allure in being a founding leader or chief executive of an entrepreneurial, startup business. Be your own boss and make your own rules. Build that nest egg. Create the next unicorn. Avoid the entrapments of corporate hierarchies. Choose your lifestyle. Change the world.

And more of us are doing it than ever before. Accountancy network UHY Hacker Young found a 51 per cent increase in the number of new UK business registrations in 2014 compared with 2010, placing the UK second only to China in growth of new startups.

It’s easy to understand why. Technological innovations have opened up new ventures, product categories and markets. Funding options are more plentiful and varied. Government policy and schemes such as StartUp Britain have helped increase support for entrepreneurs, alongside a wide array of networks to help new businesses access advice and expertise. And fast-growth success stories abound.

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