How much does it cost to start a business in UK?

How much money do you think it needs to kickstart a business in UK? A couple of thousands? Maybe go straight into five figures? Wrong. According to a new report by cloud accounting software provider FreeAgent, you probably don't need any money. The company surveyed micro-business owners and freelancers in the UK, and according to the results 44 percent of business starters required no funds at all. Almost the exact same percentage (43 percent) used their personal savings, and that was enough. Four percent borrowed money from friends or family, two percent used either credit card or bank loan, while… [Continue Reading]