There's Never Been a Better Time to Get Your Company Formation Underway

Why the credit crunch not a disaster for small businesses and start-ups spell.

The BBC recently about the fate of ten small businesses in the UK, as they continue and succeed in the face of economic downturn.

The ten small businesses are people from all walks of life and include a variety of industries, from the chocolate factory owner, the carpenters, the digital web designers, the dental supply manufacturers, and more.

Each and every one of the ten companies are either matching their sales figures for this time last year, or, in most cases, experienced a growth in sales.

The BBC's business team will be in ten small businesses in 2009, tracking their progress towards achievement of last year.

One of the ten small business owners, says hotelier David Groocock he is on his way to one of his "best years", while chocolate factory owner Steve Valentine acquisition of additional personnel in order to have an increase in orders.

Andrew Millet, Practice Principal of Wisteria Chartered Accountants, based in North London, has recently Wisteria Formations, an online company installation service for business start-ups.

The service, available at wisteriaformations.co.uk provides a simple and straightforward solution, the inclusion of the user through the process of creating a limited liability company (GmbH) with an innovative cartoon character as the leader of leaders.

Millet notes: "We were surprised at the broad acceptance of the service given the current economic turmoil, but people seem to actually believe that now is as good as any time to start a new small businesses."

London-based entrepreneur and owner of Success Track, Jonathan Jay is convinced that now is the time for the foundation of society. He sums up his thoughts in seven points:

1. The nervous system is getting out of the way - there is less competition from other start-ups.

2. The 'Top Dog' in any industry is often so depressed in the administration and the tradition they'll fight and cuts. You can use the markets of the big companies can not afford to market more.

3. The labor market is with talented employees who are dismissed by the flood fight business. These people have the fire in their belly to work with you to the next leader.

4. Commercial rents are lower and you can to good real estate deals.

5. While everyone else is complaining about how bad everything is, you have the ability to build your own empire.

6. Excellent sales and marketing always wins, and if you are redirected to these two areas of your business and do not get your attention away from other details are coming out of every recession stronger than results.

7. You do not get our credit and use a strong business cash flow, negotiate harder and get discounts wherever possible when can it happen in lean times, you are the winner in better times.

While the experts predict, there is light at the end of a very long tunnel, entrepreneurs who are willing to take a risk that could pay off in the long term view.

Editor Tips

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