In late 2015 a study found that nearly half of UK adults want to set up their own companies. Turner Little looks at the benefits of becoming your own boss and starting your own business.

1. Why Should You Start Your Own Businesses?
In late 2015 a study found that nearly half of UK adults want to set up their own companies. Turner
Little looks at the benefits of becoming your own boss and starting your own business.
Become your own boss
A recent report from Co-Operatives UK shows that more than a fifth of UK small to medium sized-
enterprise (SME) workerswantto go self-employed orstart theiryour own business.Becoming your
own bossand managingyour ownschedule canhelp you to strike a healthierworklife balance. Vital
business decisions and tasks can be made or completed in a more efficient and timely manner than
others operating in your industry, where a number of stakeholders are involved.
Make your mark
Sage argues that starting your own business can provide you with a number of ways to make your
mark on the world. You could provide employment for people in your region, change their livesby
filling a gap in the market through offering essential products and services, or even revitalise your
area’sfortunesbyattracting newrevenue.Therefore bycreatingyourowncompanyyoucan make a
difference foryourlocal community,ensuringyouattractthe customersrequiredtoprove successful.
Further your career
If you have failedto breakinto your dreamsector, you can achieve thisaimby settingup a business
whichtradeswithinthismarket.Thismeans thatyoucan cultivate amore fulfillingworklife bydoing
somethingyoulove.Startingyourownbusinesstakesalotof hardwork,butif you are engaginginan
industry which you are passionate about, you will enjoythe whole experience. Your passion for you
chosenindustrywillallowyoutounderstandyourconsumerbase intimately,ensuringyoucanmarket
products and services more effectively to your customers and make yourself a real success.
If youare unemployed,startingyourowncompany canprovide you withanopportunitytoputyouin
control of your career. You will needstart-upcapital. If youwere workingbefore,youcoulduse your
redundancypay.If this is not the case, you can utilise alternative financingsources toget your small
business upandrunning.If youare agedover18 and receive certainbenefits,you canaccessstart-up
capital and support via the New Enterprise Allowance to create your own company.
If you wish to create a business, it is essential that you adopt the right company formation model.
Look at the advantagesand disadvantagesof sole tradershipand forminga limitedcompany,soyou
can ensure that benefit from a business creation model that enables profitability. Turner Little
provides the company creation advice you require to set up a lucrative venture.
Turner Little
Turner Little was foundedin 1998 and it has since become a well-established UK based professional
Company Registration Agent, Registered Bank Intermediaries and Business Consultants, as well as
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