Many individuals and groups in Britain set up their own businesses every day. According to Companies House, almost 25,000 new businesses are set up throughout the country every month.
There are various reasons as to why people may choose to start their own business. Firstly, many people like to be their own boss and not have any one to answer to at work. This allows people freedom to leave behind the hierarchal structure of the common workplace. Secondly, a lot of people create their own business so they can be in control of decision making and steer the company in the direction that they wish it to. Thirdly, new businesses are often set up as the result of someone following a new idea or passion that they wish to take to a new level and offer to people. This allows people to enjoy work more and this passion often translates into exceptionally hard work and lots of effort being put in.
The setting up of a new business in the UK is a relatively straightforward process as long as all the legal requirements and red tape are negotiated correctly. A number of items need to be considered in order that a new business is set up correctly and will not in the future fall...
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