Tag Archives: entrrepreneurs

Start-up Business Boom Being Experienced in Scotland

paying class 4 national insurance

Over recent years, the UK has seen a boom in start up businesses in many areas, with a rising number of people taking the plunge and starting their own ventures in the face of a difficult and challenging employment market. This has led to a sharp increase in the number of start up businesses around the UK, and the trend is now also being seen in Scotland according to recent reports.

Start up Businesses Increase Due to Youth Unemployment

Business Plan

Over recent years the financial climate and fragile economy has resulted in a wave of employment issues, which includes youth unemployment as well as increased redundancies amongst those who once thought they were in a secure job. The upshot of this situation is that a rising number of people are now considering starting their own business, with some even taking the plunge and giving up on employment in order to become self employed.

There are mixed feelings about the number of people who are now working towards self employment rather than opting for a job with an employer. While some see it as a sign of the changing world of employment others feel that it is just a means of people working with reduced benefits and rewards. Specifically, the TUC states that this new trend means that more and more people are now missing out on the benefits and rewards that employers offer.

Business Start Up Schemes: Lack of Awareness Stunts Business Growth

Over the past few years, the UK government has introduced a range of initiatives to aid the development of small businesses, which in turn could help to aid the growth of the economy.

With everything from free workshops and mentoring through to funding schemes for entrepreneurs, the government has found a wide range of business start up schemes which aim to support and back small businesses in the UK.

Small Business Owners Work Fewer Hours than European Counterparts

small business working hours

Britain is often slated by employees for the long and gruelling working hours that are in place compared to some other countries.

However, a recent report has shown that small business owners in the UK are actually enjoying workers fewer hours than many of their European counterparts.

The research was carried out by Hiscox, with 500 small businesses across six countries being polled as part of the process.