There is no better time to start a new business venture on the back of the best news since the stormy economic crisis kicked in during 2008, the UK has defied its critics and managed to step side a triple-dip recession.
So with the eyes of the world firmly looking at the UK, it truly displays that Britain really is ‘Open for business’, a claim that David Cameron has conveyed for some time, only now he has the statistics to back it up.
It’s no surprise that working conditions are tough, many entrepreneurs continually remark how many hours they need to work and that competition, pricing, staffing and increased overhead costs are constant worries. Putting the negatives to one side, as business is always difficult, the latest report shows that the economy avoided two consecutive quarters of contraction – the definition of a recession and it grew by 0.3% in the first three months of the year. While other economies such as Germany and the US have recovered and since lost ground, George Osborne believes the measures he has learnt from these countries and put in to practise means the UK shouldn’t go the same way.
Globally where the East is reducing their growth forecasts, the world stage will see that ‘Rule Britannia’ exists once again and the UK being a reputable place to do business, ironing out the balance between the East and the West.
The Deputy Prime Minister Nick Clegg spoke about the report on LBC 97.3 radio: “That’s a better number than I think many people had been anticipating, but it’s one number for one quarter.
“We haven’t triple-dipped, so that’s obviously a welcome thing, but I don’t want anyone to think that somehow we are out of the woods yet.
“We have still got a lot of work to do. The healing of the British economy is taking longer than we had anticipated and we will continue to work hard to make sure the country and the economy grow from strength to strength.”
Wealthier individuals of the East revere British business processes and quality products, services and brands while their own are sometimes sub-standard.
While on home turf there never was a better time to bring a great practical solution product to the market, a tech product, luxury items etc as well as a quality service that is helpful to many people for example, domestic financial services, stress relieving consulting etc along with great opportunities for investment and gaining partners.
Look for the niches and gaps in the market that the UK has to offer and maybe this is the answer to a new and exciting entrepreneurial venture. Take the positives … and run with it!