The United Kingdom is the easiest place in Europe to start a business, the World Bank says. This may imply that setting up shop in Central London is relatively simple. However, it involves a myriad of factors to take into consideration.
Like many business endeavours, one key factor is location, and the choice you make may either drive your operations or be a reason for its failure. Central London is a supreme choice in terms of enhancing your network and connections. Such prime locations tend to run a bit more costly. If your expenses are controlled, there are also numerous business hubs across London that may be a more perfect fit for you.
Being in the Central London area is almost guaranteed to amp up your company profile. You will practically be at par with leading business names and brands across the world. This is a huge advantage in terms of attracting top quality clients and linking with other high profile businesses. Clients visiting your offices for the first time will take away with them a strong impression of the Central London experience, which sends out a message of reliability, security, and affluence.
Central London offers many variations of sites and properties for office and business purposes. The kind of business you are putting up is a key deciding factor, of course. For a firm that offers financial services, office spaces are available along what is known as the financial heart of the city: London’s Square Mile. Convenient nearby tube stations include St. Paul’s, Mansion House, Bank, Monument, and Liverpool Street. Architectural structures in this area boast of historical buildings that suggest institutional stability, as well as skyscrapers in steel and glass that will impress onlookers with the feeling of loftiness and sophistication they provide.
The entertainment and media industry may be ideally situated along the Soho area. Famous as the London’s central tourist area, this is where magnates in advertising, publishing, and design, as well as film and music, have built their distinguished empires. Creativity is fostered via studio spaces brandishing contemporary designs, and there is room enough for other types of trades as well. Soho tube stations include Leicester Square, Oxford Circus, Piccadilly Circus, and Tottenham Court Road.
The United Kingdom is focused on developing London as an active business center, and encourages startup businesses to establish their mark in this location by offering attractive incentives and generous deals.
Aside from the issue of business location, embarking on a venture such as this requires you to conduct careful thought on other critical matters, such as labor force decisions. The profile of the local labor pool includes many skilled workers. London boasts of eight million residents, augmented daily by commuters numbering almost half a million from nearby areas. With a top grade local transport system, chances are you will find excellent and qualified workers without much trouble.
Many organisations exist within and nearby London that aim to reinforce new businesses. One such institution is Business Link, which specialises on startup businesses and offers assistance on law and taxation, as well as other relevant services.
The government also provides support to new enterprises through Jobcentre Plus. This is an employment service that will aid you in recruiting, selecting, and hiring the employees bearing qualifications that answer to the needs of your company.
In addition, the London Mayor’s office lends its support as a backup, offering initiatives such as Business Bootcamps. This is located in London WC1, where nearby tube stations include Goodge Street, Euston Square, and Russell Square.
Being an enterprising novice can become quite daunting in the face of established giants, but being constantly exposed to an atmosphere of prosperity can inspire you to work a little harder. More often than not, the choice of where to take root can spell a whole lot of difference in defining your challenges and successes.