Why the UK is a Great Place for Startups

By StartUp City | Monday, February 22, 2021

There has been an increase in start-up operation in the United Kingdom over the last five years. Thousands of people have been inspired to act on their ideas and set up their own company, whether a hi-tech startup at London's Silicon Roundabout or a small business run from a PC in their bedroom.

Fremont, CA: Did you know that 99 percent of UK commercial companies are small and medium-sized enterprises? Throughout the world, hard-working people run their businesses, provide goods and services to their customers, build employment for local people, and provide the base for their communities.Many of these are recent start-ups – new companies dreamed of young entrepreneurs who are willing to build a new life for themselves in self-employment.

There has been an increase in start-up operation in the United Kingdom over the last five years. Thousands of people have been inspired to act on their ideas and set up their own company, whether a hi-tech startup at London's Silicon Roundabout or a small business run from a PC in their bedroom.There is a world of potential for people with talent, ambition and energy to be their own boss, and the UK is a perfect place to become an entrepreneur.

Once upon a time, starting a company was a difficult and expensive operation. In order to have a successful company, you needed physical premises to work from – and that would naturally entail overheads such as rent and utilities. Knowing that your business would fail to make a profit in the first year, you will need a large amount of cash to invest in your business from the outset.

But these days, with the advent of the Internet, it's possible to start a company at various levels. Instead of opening a shop on your first day, you can start trading online using your home computer.If there is ample demand in the goods and services that you sell, and your company is able to make a profit, then you should think about renting out a store, a factory or a warehouse, or maybe constructing your own. This mitigates many financial risks when starting a company, particularly if you want to carry on with your job in the early stages of your start-up.

Weekly Brief