Running a business from home just got simpler

by Startacus Admin

As the old saying goes ‘Rome wasn’t built in a day’ or as we say here at Startacus, ‘Government reform in support of small businesses doesn’t reach an acceptable level in a day’ - but we are glad to announce that the UK government has taken at least some steps in pursuit of a fairer deal for small business owners.

Having acknowledged the incredible importance of SMEs to the future economic prosperity of this country, the government has introduced a new scheme called the Home Business Initiative in the hope that it will help snip away some of the red tape which enshrines the process of starting a business from your home.

To date such domestic working arrangements have been complicated to say the least, with frustrating, seemingly pointless, petty bureaucracy getting in the way and becoming a very significant barrier to the setting up of a new business.

Putting our remaining frustrations to the side for the moment we cannot deny that this is good news indeed.

The recently announced initiative includes cutting business rates for most home-based businesses, removing the need for planning permission to use a room in your house as an office and enabling business owners to run their company from home without breaking their tenancy agreements…in short a few long overdue, common sense changes.

Home Business Facts

Working from home can be a really great, convenient, cost effective way to help get your business off the ground. It has long been the favourite choice of cost conscious entrepreneurs and is incredibly important to the economy.

Did you know;

• 70 % of new UK businesses start in the home

• There are 2.9m businesses run from home in the UK (59 % of small businesses total)

• Home-run businesses contribute £300bn to the UK economy each year (that’s about £4761 for every single one of the £63m people living in the country)

Fancy that!

If you are running a business from home then you might like to take a look at some of these articles for inspiration and advice.

Some essential tips on working from home

How to start a part-time business

Some tips on becoming a part-time entrepreneur

If you have a great idea, project or startup then why not add it to our collaboration space, where you can get loads of support and advice from mentors, self starters and investors.

 

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Published on: 3rd September 2014