Why 2014 is the perfect year to start a small business

Why 2014 is the perfect year to start a small business

Economy is recovering

Let’s be honest, it wasn’t easy, but we’re slowly overcoming the economic crisis and things are on the up. Small business make up 95% of UK companies and have worked tirelessly to come out the deep end, and boy has it paid off. 

The British Chambers of Commerce (BCC) recently released findings, announcing the UK economy will surpass its pre-recession peak next year, with the UK’s GDP set to rise to 2.7% this year. People are more willing to spend and confidence is sky-high. There’s no need to be down about things so get your best suit on, or your pyjamas if that’s your thing, and jump aboard. 

Starting a business has never been cheaper

It’s true, you can start trading in less than a day for under £10. There’s tons of ways to start your own business, with a host of resources out there making it so simple. Crowdfunding has grown heaps and bounds over the last year, and allows projects to seek funding by offering various perks and incentives. 

We’ve recently launched Smarta Start Up Loans, the government backed initiative that offers you a personal loan, along with post-loan support and a number of amazing perks. For more information about the start-up loan click here

Help is everywhere, and it’s free

A little help goes a long way and that’s why we take a lot of pride in what we do. The start-up community has expanded massively and with more businesses starting up, the need for more assistance is required. We’ve recently partnered with small business insurers Hiscox, where you can learn everything you need to know about insuring your small business. But if it’s mentoring you need, we’ve got that covered too. 

Our monthly events begin again in February, ranging from Financing Your Start-Up to Sales Masterclass, with various speakers passing on their knowledge. Oh and yes, they’re free to come to. We also like to give a help hand to businesses on a blog and do weekly pieces such as 60 second start-up, so if you’re doing something innovative and want to do get your start-up recognised then get in touch with us.

Breaking records like never before

2013 was a recording-breaking year for small businesses, with more than 500,000 start-ups launched, improving on the previous year of 484,224. If there was ever a time to jump aboard the business bandwagon, it’s now. 

But we don’t want to live in the past. It’s a new year and we want 2014 to be remembered for even better and bigger things. Lets aim for for another record-breaking year and drive our economy further forward. 

Be savvy

As our industries expand and markets grow, the need for unique businesses increases. If there was ever a time for start-ups to ruffle a few feathers, it is now. From our Smarta 100 together with O2 awards, we came across some fantastic businesses who are doing some great things. 

Beer subscription service BeerBods and marketing master Mr Cake are just two of many cool businesses that entered our awards. But what did we learn to take in to 2014? Be innovative and don’t be scared to take risks. 

Put your passion to test 

If you’ve had enough of being told what to do by the horrible boss, or your fingers are aching from too much twiddling, then sack it in and make your dream a reality - you won’t regret it. Whether it’s the weird or wonderful, as a business owner you’ll finally have a platform to put your whacky idea to the test. Passion is the main drive for success and it makes the whole experience enjoyable too.

Branson knows best

Richard Branson recently said "fear is something everyone must learn to cope with when tackling life’s challenges, but this is especially important for entrepreneurs.” Branson, who probably needs no introduction, founded Virgin and has grown the brand to international recognition. 

Instead of being scared about what you may be faced with, make it your driving force and embrace it. As another famous quote says, ‘the world is your oyster,’ so don’t let anything put you off. There’s never been a better time to start your own business. 

So what are you waiting for? Start a business now with funding from Smarta Start Up Loans.

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