Opening your own business can be a terrifying but life-changing experience. Not only are you designing a brand new product that can change the lives of the people around you, but you are practically wearing your heart on your sleeve when displaying your ideas to the general public. When you get started with your company, the best place to create your headquarters is in London. Here are the top five reasons why.
1. Connections and Networking
London is the heart of the UK. Not only does it attract brand new talent from a variety of different backgrounds and cultures, but you will find that it is the perfect place to make new connections in different companies. The more connections you have through networking, the more likely it is that you will find new colleagues, investors and clients. London is also known as a major transport area, with the underground, airports and motorway connections. Its position in the UK will also give you perfect access to Europe and their major business cities.
2. Company Expansion
In some cities, you may feel like you are trapped in a small space where you are unable to expand your business further. That’s why we would highly recommend London. As it has access to different business hubs, including Canary Wharf and the City of London, you will find that you will be able to do weekly networking meet-ups with people in your industry. That way you can learn the latest updates in your field of work.
3. Government Assistance
As you are in the capital city of the UK, you will find that the UK government will have a wide range of financial schemes that can help you with your start-up business. This includes help with tax, broadband and capital allowance. Make sure to look at the government website to see what the latest schemes are for brand new companies.
4. Technology and Business Communication
London is known for having some of the best start-up businesses. Therefore, it is certain that you will be able to find help when it comes to the technology of your firm. This includes communication technology with your clients and workers. Not only can you consider using VPNs and virtual offices, you will be able to find cheaper broadband schemes that can let you connect with people all over the world. For instance, instead of using a landline, you should think about using an online service, such as VoIP. One of the main reasons why you should be migrating to VoIP is that it is much cheaper. Therefore, you will be able to speak with the clients you need to launch your business.
5. Large Customer Bases
Naturally, as London is the capital of the UK, you will find that it will receive more customers. This includes visiting tourists who may want to see what unique products are available to take home with them. By being in London, an incredibly busy area that is full of business, you will find a wider client base.
With these 5 reasons in mind, it is clear to see why many businesses call London their home, and thus why you should base your business there too.
