Extra support needed to encourage new firms
Mon, 12 Oct 2009
The government needs to do more to encourage people with marketable ideas to start a business, it has been claimed.
According to Phil McCabe, spokesperson for Forum of Private Business, a simplified tax and legislative system is needed to encourage innovation in the UK.
He was commenting after the National Federation of Enterprise Agencies reported on a shortage of start-up support services for people with professional, managerial and executive backgrounds.
Mr McCabe said most people start a business because they have a particular skill or expertise that they feel that people would want.
He added: "I think entrepreneurs or prospective entrepreneurs should no longer [just] think 'what can I do?' or 'can I provide solely that?' but more importantly 'how can I sell my skills?'
"That is the crucial difference. It is that kind of attitude that will help your business to grow."
According to a survey conducted by the Association of Chartered Certified Accountants last month, almost two thirds of Brits would like to be their own boss.
The study indicated that the entrepreneurial spirit is especially strong among 25 to 34-year olds, with three quarters aspiring to one day run their own company.
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