It is seen that most of the people outside India come to UK for business purposes. It is said that by the end of year 2050 the UK economy will be growing at a rate of five percent which is better than the rates of US, more than two percent. The workforce, availability of resources and the opportunities for people who will come to work here attracts a lot of businessmen even from outside India. Now what are the advantages of the starting the business here and what are the disadvantages that you may face in business.
The points are discussed below:
Advantages
There are a lot of advantages of starting your business in UK which helps businessmen to think of prospering their business in this country. The availability of resources and the rapid rate of growth in very section in our country is great for any business to start up. Now the advantages that attract people here are.
The first advantage is the federal government system which has clear policies established and it is different from the state government system. The investment climate is favorable and direct investment policies are established in the favor of the businessman. The policies are clear, direct and much more helpful compared to the other economies in the world.
The infrastructure policies here are better than most of the countries in the world. Here you will get the all the resources like highways, ports, railways, telecom, power etc which are improved and they are continuously being modified for the betterment of the people. Infrastructure is an important thing that you need in business and is the prime requisite of the business.
UK strategic location is just great for people who come for business here. The location is helpful as India can manufacture from China and Middle East countries, southeast countries and Asia. The location of the country benefits a lot businessmen coming here.
UK, the 5000 year old heritage country is the best one where you will get the perfect combination of every kind of people of every skin color. There is no discrimination of races and all people from different kind of states, . Here people are not judgmental and they will accept the quality service you give no matter from where you come.
Language is not a bar here especially if you are thinking of settling your business in metropolitan cities. You can buy magazines, journals and pares in English everywhere in UK, you will be able to meet some people who knows another language like Spanish, German and French etc.
The growing population and the rate of increase of economic power is a sure boost up for the people who come to trade in this country.
Disadvantages
Though there are a lot of advantages, but still some disadvantages exist amongst all the advantages. The high rate of corruption and criminal offence is a major reason that prevents the businessman from maintaining the ethic and morality on business. Also some other points are:
- The loss of data, delay in services at every step and poor customer service can lead to problems in your business as the total procedure may slow down.
- Also frequent power cuts, problems due to politics are some constraints that can prevent you from establishing a successful business firm in UK.
Still when we look at the general overview it is seen that there are more advantages than disadvantages when it comes to start a business in UK. So, people must prepare their Uk Visa and start making plans for a good start of their business in the county of UK.