Are You Thinking Of Starting A Business In 2016?
The UK is open for business ...
POSTED BY JONATHAN VOWLES ON 01/03/2016 @ 8:00AM
Starting a business might not be as awkward as you think. Ok, so actually running a business isn't all plain sailing, but there has never been a better time to actually start your own business because the UK really is open for business ...
Starting a business in the United Kingdom is a lot easier with the right advice!
copyright: olivier26 / 123rf stock photo
The United Kingdom has around 5.2 million small businesses (defined as having less than 50 employees) which is an increase of 760,000 since 2010. This goes to show how many people have taken the plunge and started up in business in the last five years!
Whilst some of these businesses will be one-man-bands, small business as a whole provide about 48% of all the jobs and clearly some of these businesses will go on to bigger and better things in future.
"Technology really can help
make a difference!"
There are the obvious differences brought about by technology: email marketing, social media, online stores are just a few examples. More importantly, the Internet means you can work from anywhere you like and has opened up your business horizon to include the entire world.
Getting financial investment when starting a business is also easier. Often you don't need to have as much up-front investment and technology doesn't have to be expensive anymore.
Secondly, there are more ways for startup businesses to access funds - Crowdfunding, for example. The government can also help in various ways, and the Startup Loans Company can provide funding and there is also lots of general online advice available.
A great way to start planning for any business startup is to speak to a chartered accountant. Have a free consultation and get some great advice to help get you started.
At JVCA, I'm always happy to chat to people about their business ideas. if you're thinking of starting a business, let's have a coffee and see how I can help you. Call me on 01234 752 566 or click here to send me an email and let's set it up!
Until next time ...
More about Jonathan Vowles ...
I've been an accountant in and for business since 1987 and have a wide experience of consultancy, audit, accounts, taxation and wealth planning work from individuals and small businesses to multinational corporations and charities.
My eclectic interests in growing and developing business span a number of areas, which can be summarised as strategic business advice and tax saving advice.
I have worked with the Chamber of Commerce to deliver courses for people about starting up in business and have lectured about tax for a major accountancy practice and for Milton Keynes College.
I relax by reading fiction and by getting away from the office in a campervan.
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