Published on June 28, 2014
Erin Walls, a specialist business advisor for SMEs at Ward Williams Creative, looks at the important personal considerations that need to be made before going into business. There are more UK businesses being launched than ever before, with 526,446 companies established in 2013 compared with 484,224 in 2012. London and the South East have seen the most entrepreneurial activity, with 136,936 new businesses launched in London alone last year. This is great news for the economy, but inevitably not all those businesses will thrive and survive and it is important to consider the potential personal costs of starting up.