When it comes to starting your own business, it can be incredibly daunting, especially when up against competition from larger organisations. However, a recent study has found that small businesses in the UK are doing very well and are, in fact, making plenty of money for the UK economy. In light of this, there really has never been a better time to make your dreams a reality.

With the Government planning to cut corporation tax, small businesses will have less to pay and can, therefore, afford to expand and hire more staff – meaning even more money for the economy. SMEs already employ around 16.8 million people in the UK and has accounted for almost four-fifths of the employment increase in the private sector in the past five years, according to a report by npower Business and Capital Economics.

Making Your Dream a Reality If you have an idea and believe that you could turn this idea into a profitable business, now is certainly the time to get started. There are a number of cities in the UK where small- to medium-sized businesses are expected to fare best, including Manchester, London, Leeds, Bristol, Birmingham, and Brighton. These cities offer the best potential for SMEs in the coming five years.

Administration It is important to remember that there is more to running a small business than just having a great idea, though. Many small business owners are great at what they do, but when it comes to administration and accounting, they are lost. That is where One Abacus comes in. We know that most business owners with fantastic ideas do not really want to be bogged down with the day-to-day administration and accounting tasks.

However, accounting really is a crucial part of your business, and it must be done correctly if your business is to survive. We would, therefore, urge you to get in touch with us here at One Abacus and let us provide you with hassle-free bookkeeping and accounting services so that you can get on with making a success of your business.