Start a firm now, says institute

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THE regional office of the Institute of Chartered Accountants, England and Wales, is encouraging entrepreneurs to take advantage of the economic downturn and start a new business.

It has released a series of guidelines for those thinking about starting a business, including researching the market, writing a business plan, finding finance and planning for contingencies.

Fay Webster, ICAEW’s south east regional director: ‘SME growth is crucial to the UK’s economic success.

‘If entrepreneurs believe they have a strong business plan, the necessary resources and the determination to succeed, then the start of a new year is a good time to encourage new influxes of enterprise to help boost the economy.’

For further information on starting a business, go to icaew.com/enterprise and businessadviceservice.com