It seems that dreams of starting up a brand new business is a popular thought for many people here in the UK. In fact, statistics from StartUp Britain revealed a record-breaking number of businesses that were kick started and throughout 2016, at around 637,000.
Yet even with these impressive numbers showing plenty of entrepreneurs achieving their ambitions, there continues to be many that struggle to break into the world of business. After speaking to 1,000 business hopefuls in the UK, we discovered what attracted these business hopefuls towards the prospect of starting a new business in the first place, as well as what stopped them in their tracks.
Finances appear to be on everyone’s mind
Both the financial prospects and money concerns were considered by the majority of the would-be business owners that we spoke to. Whether it was a lack of funding that was standing in their way, or looking towards their potential future earnings from the business, money remains a major aspect of starting a business.
Have you been thinking about sitting down to do some planning and preparations, with a view to kick starting a successful business of your own? If you haven’t already done so, it’s imperative to consider the financial requirements that you will need, along with what you expect to gain from your business in the future. The statistics from our survey show just how much of a difference finances can make towards making your business dreams a reality.
The icount business bank account: Perfect for start up businesses
If and when you are ready to introduce your business to the world, it’s well worth considering a basic business bank account, to keep your business’ money separate from that of your own, and to know how healthy your business’ finances actually are.
For the ultimate start up business account, look no further than icount’s business account. At just £69 per year, you’ll find that we offer a much cheaper alternative than the monthly fees that comes with many high street bank accounts.
Not only that, but with plenty of additional benefits, including no charges for bank transfers or direct debits, your business’ finances will be much healthier, being kept safe and sound in our business bank account.