Support for Business Start-Ups in the United Kingdom (UK)

Seminar paper from the year 2011 in the subject Business economics - Company formation, Business Plans, grade: A, University of Kent, language: English, abstract: Starting a business has remained a major challenge to various individuals in regard to how to go around with the activities involved. The United Kingdom has a ready market for any business to start and develop successfully due to the various support available to help the start-ups. However, various business support has necessitated the start and successful running of these businesses (Napier, 2006). Business start-ups can be successful if appropriate assistance can be received from the right experts. It will be important to understand how various key factors will affect the business. These key factors may include: finance, labor resources, type of product and management required, materials and corporate social responsibility the business will have. Business start ups can however learn from other businesses that have operated the same line and choice the right way to perform their operation. Business support systems have been established from the long standing market effects that have been experienced by other businesses. This therefore makes it possible for business start ups to be assured of great opportunities and accurate steps while addressing various issues encompassing their operation (Moore, et al., 2006). This support systems are varied and they include, Training and research development, Finance and law, marketing and government regulations. This are some of the core and most crucial supports for businesses in the United Kingdom.