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Has Small Business Benefitted From The Recession?

It is a widely acknowledged fact that running a small business is costly and bureaucratic. However, a recent report carried out by independent watch dog More Than Business has revealed that running a small company is not as costly as it was last year and that the company formation sector is set to benefit.
According to the findings of the report, most small businesses are benefiting from reduced labour, supplier, advertising, premises, and rate costs. All of which have made running a small business in the UK a lot more cost effective.

However, this is relative to a decrease in consumer spend over 2009, however if – as a recent report from the ICAEW suggests – we are on the road to economic recovery , the future does indeed look bright for small businesses and recent company formations.

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