In order to increase business growth within the UK, the government has recently launched the Home Business Initiative to make it easier for entrepreneurs to launch and run businesses from the comfort of their own homes.
The Home Business Initiative will ultimately reduce the amount of paperwork involved in a home business, as well as any of the red tape involved. Some of the changes are rather simple, yet they will transform the lives of home businesses up and down the country.
Home businesses will no longer have to be paid by the majority of home business, freeing up a company’s finances and allowing for further investment in their business. They will also not have to seek planning permission when using a spare room as a an office. It’s also a lot easier to run a business from rented accommodation, as the government has simply tweaked tenancy agreement law.
It makes sense that the government takes the pressure off home businesses, as they generate approximately £300billion per year to the country’s economy. There are also a reported 1.1million home businesses that have been trading for over 20 years, and that number will only become steadier now there are fewer restrictions.
Thanks to a range of technological developments, such as Skype, it’s never been easier to run an international company from the comfort of your own home.
Emma Jones, the founder of Enterprise Nation, recently commented: “There is a growing movement that is responding to new opportunities technology brings and entrepreneurs are actively taking control of their own destiny by starting out from home. They are hardworking people who have the capability to trade globally from their own kitchen table. They are growing through outsourcing work to other homebased individuals and as they do so, they are bringing important employment opportunities to rural as well as urban areas of Britain”.