startups

Does a Business Have to be Based in London to be Successful?

Does a Business Have to be Based in London to be Successful?

When considering starting a business, one often thinks that they need to work from a busy centre of commerce like London in order to be successful. However, this is not the case. You could easily set up your company elsewhere, be it in another of the UK’s cities or even more remotely, and still be perfectly successful. Let’s take a look at some of the advantages companies can enjoy when not based in London.

Reduced Costs

One of the main advantages of not being based in London will always be the reduced costs of running the office. Space in London will always come at a premium. If you are trying to host a large or mid-sized business, you might struggle to find the space that you need, or it might simply be unable to meet your needs. By choosing to look at office space elsewhere, you should be able to find a big enough facility for all your staff, no matter how big your enterprise might be.

You should also bear the needs of your staff in mind. London is a very expensive city, and the cost of accommodation, travel, and living expenses can be a lot to handle. Many will be thankful to work in an area where living costs are easier to manage, even if they command a sizeable salary.

Local Support

You are not going to be the only business based in your local area. Regardless of the sector that you occupy, there will be some areas that could be outsourced to others. For example, outsourcing your accounting needs to a specialist like Azets means that you can be certain that these needs will be addressed by an expert – and they could be close to you.

It does not matter whether you work with a branch of a big accounting firm or a local independent company, the help that you need might be close by. Supporting your fellow local businesses will always be a great move, and could open up all sorts of doors and networking opportunities for you.

International Reach

Thanks to the internet, you can do business with clients all over the world, and it does not matter in the slightest where you are based! Great internet connections and new innovations like good quality video conferencing software means that it is easier than ever before to stay in contact with clients.

On top of this, innovations like the cloud allow us to stay connected more easily too. If you find that you need to travel a lot as part of your role, you can easily stay connected with your base, wherever it might be. Throw in some of the many travel links around the UK that head to international destinations, and you can be certain that you will always be positioned just right for your needs.

Though it might have once proved to be beneficial, you definitely don’t need to be based in London to have a successful company anymore. There are so many other cities in the UK that could prove to be the perfect base for your company, and will be able to offer you so much more than the capital ever could. This is still a fantastic city for business, there is no doubt about it, but there are so many other opportunities out there for you to explore. Ready to set up a new business? It might be a better idea to look beyond the borders of London. Who knows what opportunities could await you if you were to set up shop in another city.

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