Economic Climate

UK’s entrepreneurial spirit is alive and well

A recent survey by business website bytestart.co.uk shows that, despite the significant challenges of doing business in the current environment, the UK’s entrepreneurial spirit is alive and well.

From a sample group of 600 small businesses, the survey showed that only 4% had been forced to postpone plans due to the economic climate, 54% were going ahead with plans cautiously and just over 11% felt the economic environment was positive for their start-up idea.

Regarding the start-up process, 67.5% found it “stressful but straightforward”, 26.4% said that the process was easy with just 6.1% finding the start-up process a “nightmare.”

Click here for information on how we can help you start up in business.