When the coalition government was announced, feedback from the SME and company formation sector was mixed; some small business owners felt that a Lib-Lab coalition would be great for enterprise, while others felt that, in the light of economic instability, we needed a strong and decisive executive.
However, if the figures from a new survey are to be believed, the coalition government has done little to dampen the entrepreneurial spirit of the UK.
According to recruitment website Jobs4U, the number of people who are considering company formation has grown by almost twenty per cent this year, while over half of all respondents asked believe that they have what it takes to make a company a success.
Dan Baldwin, who formed his marketing company over a year ago, comments; “Owning my own company had always been a dream of mine, but when I got made redundant over a year ago I decided it was now or never. While it was extremely challenging initially it has been the best thing I have ever done.”
Fiona Christian, managing director at ‘Jobs4U’, says that Baldwin’s story is not unique; “While the recession has been extremely damaging too many companies, it has also offered many budding entrepreneurs an opportunity to form their own company. While access to finance is restricted and market conditions are tough, we have noticed an overall uplift in the number of people considering company formation.”