{"id":621,"date":"2022-09-27T10:46:11","date_gmt":"2022-09-27T10:46:11","guid":{"rendered":"https:\/\/www.sortlist.com\/datahub\/?post_type=reports&#038;p=621"},"modified":"2024-04-08T16:13:49","modified_gmt":"2024-04-08T16:13:49","slug":"sme-best-places-to-start-business","status":"publish","type":"reports","link":"https:\/\/www.sortlist.com\/datahub\/reports\/sme-best-places-to-start-business\/","title":{"rendered":"SME Guide: The Best Places in the UK and Mena to Start a Small Business"},"content":{"rendered":"\n<div id=\"section-6351476430838\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">In this Marketing Report:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"#section-63514764308a9\">The Top UK Cities for Start-Ups<\/a><\/li>\n\n\n\n<li><a href=\"#section-63514764308da\">UK Cities With Growing SME Economies<\/a><\/li>\n\n\n\n<li><a href=\"#section-6351476430905\">The Top Mena Cities for Start-Ups<\/a><\/li>\n\n\n\n<li><a href=\"#section-635147643092c\">SME Guidance and Advice<\/a><\/li>\n\n\n\n<li><a href=\"#section-6351476430947\">Methodology<\/a><\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Thinking of starting your own business? Throughout the EU, small and medium-sized enterprises (SMEs) represent 99% of all businesses out there. <strong>Discover the best UK and MENA places to begin your entrepreneur adventure and start a business with this study of UK and MENA cities.<\/strong>&nbsp;<\/p>\n\n\n\n<p><br>We analysed factors such as broadband speed, public transport, population qualifications, office and electric costs, and happiness. This report highlights some of the best advice for those seeking to start their own business. <strong>This <a href=\"https:\/\/www.sortlist.co.uk\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sortlist<\/a> SME guide shares everything you need to know to help you put your best foot forward in the business world, be it in the UK or abroad.<\/strong><\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column has-white-background-color has-text-color has-background is-layout-flow wp-block-column-is-layout-flow\" style=\"color:#081f91;flex-basis:33%\">\n<h2 class=\"has-text-align-center wp-block-heading\" style=\"font-size:50px;font-style:normal;font-weight:400\"><strong>80<\/strong><\/h2>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-text-align-center has-medium-font-size wp-block-heading\" style=\"font-style:normal;font-weight:400\">Number of new businesses created <strong>every hour<\/strong> in the UK <\/h4>\n<\/div>\n\n\n\n<div class=\"wp-block-column has-white-background-color has-text-color has-background is-layout-flow wp-block-column-is-layout-flow\" style=\"color:#081f91;flex-basis:33%\">\n<h2 class=\"has-text-align-center wp-block-heading\" style=\"font-size:50px;font-style:normal;font-weight:400\"><strong>$323.7<\/strong>M<\/h2>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-text-align-center has-medium-font-size wp-block-heading\" style=\"font-style:normal;font-weight:400\">Amount raised by MENA start-ups in June 22 only<\/h4>\n<\/div>\n\n\n\n<div class=\"wp-block-column has-white-background-color has-text-color has-background is-layout-flow wp-block-column-is-layout-flow\" style=\"color:#081f91;flex-basis:33%\">\n<h2 class=\"has-text-align-center wp-block-heading\" style=\"font-size:50px;font-style:normal;font-weight:400\"><strong>99%<\/strong><\/h2>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"has-text-align-center has-medium-font-size wp-block-heading\" style=\"font-style:normal;font-weight:400\">In the EU SMEs represent 99% of all businesses<\/h4>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-63514764308a9\" class=\"gutenberg-block gutenberg--section\" style=\"background-color:rgb(251,250,249);\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"has-black-color has-text-color has-large-font-size wp-block-heading\">The Top UK Cities for Start-Ups<\/h2>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-63514764308c0\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<p>During the first half of 2021, it was revealed that almost <strong>80 new businesses were created every hour in the UK<\/strong>. <a href=\"https:\/\/www.sortlist.co.uk\/blog\/covid-19-digitalisation-smbs\/\" target=\"_blank\" rel=\"noreferrer noopener\">As economies around the world rebound after the COVID-19 pandemic<\/a>, lots of us are thinking about finally chasing that business idea we have left in our bottom draws for slightly too long.&nbsp;<\/p>\n\n\n\n<p>But <strong>where is the UK is best for start-ups?<\/strong> Ideally, new start-ups will benefit from cheaper outgoings and better access to skilled employees. Analysing the UK\u2019s biggest cities and business hubs, <strong>this report reveals the best cities for opening a start-up<\/strong>.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"473\" src=\"https:\/\/www.sortlist.com\/datahub\/wp-content\/uploads\/sites\/14\/2022\/09\/4-top-3-start-ups.jpg\" alt=\"Top three best cities in the UK to start a start-up\" class=\"wp-image-623\" srcset=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/09\/4-top-3-start-ups.jpg 680w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/09\/4-top-3-start-ups-300x209.jpg 300w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/figure><\/div>\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Edinburgh, Scotland &#8211; 6.29\/10 start-up score<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Scotland\u2019s capital city, Edinburgh, shines as the best city for start-ups in the UK. Edinburgh has the second highest broadband download speed on this list at 115 megabits per second (Mbps). A fast connection is crucial for businesses right now as many transition to hybrid ways of working, meaning workers and customers spend much more time online. <strong>Edinburgh also has one of the lowest percentages of unskilled workers<\/strong>, with just 4.2% of Edinburgh\u2019s working-age population without any qualifications.&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li><strong>Leeds, England &#8211; 6.14\/10 start-up score<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Leeds ranks as the second-best city in the UK for start-ups. Located in Yorkshire, Leeds has one of the lowest electricity costs at 18.2 pence per kilowatt hour (p\/kWh). New businesses will love to hear that electricity is cheaper to keep those ever-important early overheads down. <strong>Just 6.6% of Leeds\u2019 working-age population is without qualifications<\/strong>, meaning start-ups will have no trouble finding skilled workers to provide their <a href=\"https:\/\/www.sortlist.co.uk\/explore\" target=\"_blank\" rel=\"noreferrer noopener\">business services<\/a>.&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"3\">\n<li><strong>Kingston upon Hull, England &#8211; 5.99\/10 start-up score<\/strong><\/li>\n<\/ol>\n\n\n\n<p>In third place as the best UK for start-ups is Kingston upon Hull. Kingston upon Hull has the fastest recorded broadband on this list at 171 Mbps, one of the lowest office rental costs of \u00a310.49 per square foot, and a low electric cost of 18.2p\/kWh. Kingston upon Hull proves to be on the cheaper side for start-ups, however, 11.1% of the working population are without qualifications and there is no major airport nearby to beckon in skilled workers.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"998\" src=\"https:\/\/www.sortlist.com\/datahub\/wp-content\/uploads\/sites\/14\/2022\/09\/5-table-start-ups.jpg\" alt=\"Ranking of the best cities in the UK to start a start-up\" class=\"wp-image-624\" srcset=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/09\/5-table-start-ups.jpg 680w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/09\/5-table-start-ups-204x300.jpg 204w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/figure><\/div>\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-63514764308da\" class=\"gutenberg-block gutenberg--section\" style=\"background-color:rgb(251,250,249);\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"has-black-color has-text-color has-large-font-size wp-block-heading\">UK Cities With Growing SME Economies<\/h2>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-63514764308eb\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<p>Put very simply, we can measure the growth of a city\u2019s SME economy by comparing the number of businesses being born and those going out of business. <strong>An increase in new SMEs signals a rise in entrepreneurship<\/strong> in these locations. By analysing ONS data on business births and deaths, the cities with growing SME economies have been revealed.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"752\" src=\"https:\/\/www.sortlist.com\/datahub\/wp-content\/uploads\/sites\/14\/2022\/09\/6-top-3-SME.jpg\" alt=\"Top three UK cities with growing SME economies \" class=\"wp-image-625\" srcset=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/09\/6-top-3-SME.jpg 680w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/09\/6-top-3-SME-271x300.jpg 271w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/figure><\/div>\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Leicester, England<\/strong><\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Business Deaths 2020 &#8211; 1,635<\/li>\n\n\n\n<li>Business Births 2020 &#8211; 4,255<\/li>\n\n\n\n<li>Net Business Increase &#8211; 2,620<\/li>\n\n\n\n<li>Active Business 2020 &#8211; 16,765<\/li>\n\n\n\n<li>% Change &#8211; 15.63%<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>In 2020, Leicester saw 77,045 businesses fail and shut up shop, while almost 90,000 opened their doors for the first time. With a net increase in SMEs of 2,620, <strong>Leicester achieved a 15.63% increase in active businesses<\/strong>, signalling the largest rise in entrepreneurship in the UK.&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li><strong>Brighton, England<\/strong><\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Business Deaths 2020 &#8211; 1,750<\/li>\n\n\n\n<li>Business Births 2020 &#8211; 3,005<\/li>\n\n\n\n<li>Net Business Increase &#8211; 1,255<\/li>\n\n\n\n<li>Active Business 2020 &#8211; 18,780<\/li>\n\n\n\n<li>% Change &#8211; 6.68%<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>In <strong>Brighton<\/strong>, there was a net <strong>increase of 1,255 businesses<\/strong>, leading to the second largest increase in active businesses in the whole of the UK. Almost twice as many businesses were opened in 1,255 over 2020 as businesses which closed for good, suggesting a healthy business environment for start-ups.&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"3\">\n<li><strong>Sunderland, England<\/strong><\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Business Deaths 2020 &#8211; 690<\/li>\n\n\n\n<li>Business Births 2020 &#8211; 1,090<\/li>\n\n\n\n<li>Net Business Increase &#8211; 400<\/li>\n\n\n\n<li>Active Business 2020 &#8211; 6,775<\/li>\n\n\n\n<li>% Change &#8211; 5.90%<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Sunderland is our third largest city of entrepreneurs, despite seeing just 400 net business births over 2020. This 400 increase equates to a <strong>5.9% increase in active businesses in Sunderland<\/strong>. In 2020, 690 businesses closed down in Sunderland, making room for the 1,090 new businesses that were created.&nbsp;&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"879\" src=\"https:\/\/www.sortlist.com\/datahub\/wp-content\/uploads\/sites\/14\/2022\/09\/7-table-SME.jpg\" alt=\"Top UK cities with growing SME economies \" class=\"wp-image-626\" srcset=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/09\/7-table-SME.jpg 680w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/09\/7-table-SME-232x300.jpg 232w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/figure><\/div>\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-6351476430905\" class=\"gutenberg-block gutenberg--section\" style=\"background-color:rgb(251,250,249);\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"has-black-color has-text-color has-large-font-size wp-block-heading\">The Top Mena Cities for Start-Ups<\/h2>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-6351476430914\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<p>The Middle East and North Africa (MENA) region is proving a popular choice for new start-ups in 2022. <strong><a href=\"https:\/\/www.sortlist.com\/datahub\/reports\/mena-marketing-industry\/\" target=\"_blank\" rel=\"noreferrer noopener\">Startups in MENA<\/a> raised a whopping $323.7 million across 66 deals in June<\/strong> alone this year, with US investors the most active foreign investors.&nbsp;<\/p>\n\n\n\n<p>Businesses can grow a flourish anywhere in the world. As an entrepreneur, you could consider taking your start-up abroad to benefit from what other countries have to offer in terms of business environments. Here are the best cities in MENA for new start-ups.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"473\" src=\"https:\/\/www.sortlist.com\/datahub\/wp-content\/uploads\/sites\/14\/2022\/09\/8-top-3-MENA.jpg\" alt=\"Top three MENA cities for start-ups\" class=\"wp-image-627\" srcset=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/09\/8-top-3-MENA.jpg 680w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/09\/8-top-3-MENA-300x209.jpg 300w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/figure><\/div>\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Riyadh, Saudi Arabia &#8211; 7.92\/10<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Riyadh, Saudi Arabia, proves to be the best MENA city for start-ups. Average broadband speeds of 94.64 Mbps are higher than most, and literacy rates are standing at 95%. <strong>Riyadh also has one of the highest happiness ratings in MENA<\/strong> with 6.49\/10 and an electricity cost of just 4.2 p\/kWh, significantly cheaper than in the UK.&nbsp;&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li><strong>Dubai, United Arab Emirates &#8211; 7.78\/10<\/strong><\/li>\n<\/ol>\n\n\n\n<p><strong>Dubai<\/strong> has a massive internet download speed of 189.07 Mbps, larger than any city in the UK and MENA on this list. <strong>Perfect for hybrid working and working with international clients and employees<\/strong>, fast internet like this is sure to boost efficiency in those crucial early stages of a business.&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"3\">\n<li><strong>Kuwait City, Kuwait &#8211; 6.95\/10<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Kuwait has an exceptional literacy rate of 96% and a very low electricity price of just 2.5 p\/kWh. Pairing this with a very decent broadband speed of 149.37 Mbps suggests that <strong>Kuwait offers the perfect environment for a budding business<\/strong>, however, the office rent is a little high at \u00a3333.66 per month.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"717\" src=\"https:\/\/www.sortlist.com\/datahub\/wp-content\/uploads\/sites\/14\/2022\/09\/9-table-MENA.jpg\" alt=\"Top MENA cities for start-ups\" class=\"wp-image-628\" srcset=\"https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/09\/9-table-MENA.jpg 680w, https:\/\/cdn.blog.production.sortlist.cloud\/wp-content\/uploads\/sites\/14\/2022\/09\/9-table-MENA-285x300.jpg 285w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/figure><\/div>\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-635147643092c\" class=\"gutenberg-block gutenberg--section\" style=\"background-color:rgb(251,250,249);\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"has-black-color has-text-color has-large-font-size wp-block-heading\">SME Guidance and Advice<\/h2>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-635147643093b\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<p>The <strong>first step <\/strong>to starting any business is <strong>identifying your business idea<\/strong>. This is often easier said than done, but inspiration is around every corner. Maybe you\u2019ve had a budding idea all your life, have seen others start their own business, or feel like you have enough experience in your profession to branch out on your own. Whatever the case, you need to know what business you are starting and be confident that it&#8217;s what you want.<\/p>\n\n\n\n<p>Next, <strong>writing a business plan<\/strong> to guide you through the first crucial steps of starting your business is key. This includes everything from your business name to your logistics and operations plans. A business plan ensures that you think through things methodically and have a better grasp on what your early priorities are.<\/p>\n\n\n\n<p><strong>Securing <a href=\"https:\/\/www.sortlist.co.uk\/blog\/future-of-b2b-services\/\" target=\"_blank\" rel=\"noreferrer noopener\">funding<\/a><\/strong> can also be easier said than done. You could have your own savings, or be expecting personal investments from friends and family. The traditional ways people fund their new business is through business loans and grants from lenders and banks. Start-ups often require large investments. Your business plan will help you keep track of your outgoings.<\/p>\n\n\n\n<p>You will likely also need to <strong>hire some employees<\/strong> (depending on the business you\u2019re running). How much work will you need to do yourself and how much you can delegate to others, alongside what skills are required and how many employees you can afford, should be outlined in your business plan. Launching a small business is time-consuming, and if you\u2019re planning on doing all of the work yourself, you will be limited by the time you have available.&nbsp;<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.sortlist.co.uk\/s\/marketing\/united-kingdom-gb\" target=\"_blank\" rel=\"noreferrer noopener\">Marketing<\/a> your business<\/strong> is also key to creating a thriving business, especially in your early stages. Potential customers need to know who you are and what you do, otherwise, they will stay as potential customers and never actually buy from you. Building a brand from scratch is not easy, but super important if you want to stand apart from the competition.&nbsp;When you start, sometimes the best solution is to collaborate with a <a href=\"https:\/\/www.sortlist.co.uk\/s\/brand-creation\/united-kingdom-gb\" target=\"_blank\" rel=\"noreferrer noopener\">brand creation agency<\/a>. <\/p>\n\n\n\n<p>Other nitty-gritty details to know when you set up your start-up include registering for corporation tax, obtaining relevant licenses and permits, opening business bank accounts and organising business insurance.&nbsp;<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-6351476430947\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<h2 class=\"wp-block-heading\">Methodology<\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>UK data sources<\/strong><\/h3>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/commonslibrary.parliament.uk\/constituency-data-broadband-coverage-and-speeds\/\" target=\"_blank\" rel=\"noreferrer noopener\">Broadband Speed Megabits per second (Mbps)<\/a>: taken as an average of all speeds in the local area<\/li>\n\n\n\n<li><a href=\"https:\/\/www.worlddata.info\/europe\/united-kingdom\/airports.php\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Public Transport (Major Airports)<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/lginform.local.gov.uk\/reports\/lgastandard?mod-metric=98&amp;mod-area=W06000011&amp;mod-group=AllUnitaryLaInCountry_Wales&amp;mod-type=namedComparisonGroup\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">% working population without qualifications<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.realla.co.uk\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Average Office Rental Prices Per Square Foot<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.nimblefins.co.uk\/average-cost-electricity-kwh-uk\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Average variable unit price in 2021 (p\/kWh)<\/a>: data taken at the regional level<\/li>\n\n\n\n<li><a href=\"https:\/\/www.ons.gov.uk\/peoplepopulationandcommunity\/wellbeing\/bulletins\/measuringnationalwellbeing\/april2020tomarch2021\" target=\"_blank\" rel=\"noreferrer noopener\">ONS: Personal well-being in the UK<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.ons.gov.uk\/businessindustryandtrade\/business\/activitysizeandlocation\/datasets\/businessdemographyreferencetable\" target=\"_blank\" rel=\"noreferrer noopener\">Business deaths and births<\/a>: Net business increase calculated by subtracting deaths from births<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>MENA data sources<\/strong><\/h3>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/worldpopulationreview.com\/country-rankings\/internet-speeds-by-country\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Broadband Speed<\/a>: data taken at the national level<\/li>\n\n\n\n<li><a href=\"https:\/\/worldpopulationreview.com\/country-rankings\/literacy-rate-by-country\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Literacy rate<\/a>: data taken at the national level<\/li>\n\n\n\n<li><a href=\"https:\/\/worldpopulationreview.com\/country-rankings\/happiest-countries-in-the-world\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Happiest Countries in the World 2022<\/a>: data taken at the national level<\/li>\n\n\n\n<li><a href=\"https:\/\/www.regus.com\/en-gb%20calculated%20by%20average%20the%20lowest%20and%20highest%20price\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Average Office Rental Prices Per Month<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalpetrolprices.com\/electricity_prices\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Average variable electricity price in 2021 (p\/kWh)<\/a>: data taken at the national level<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>All data retrieved on or before 13\/09\/22.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n    <\/div>\n<\/div>\n\n\n<div id=\"section-635147643095b\" class=\"gutenberg-block gutenberg--section\" style=\"background-image:url();\">\n        <div class=\"overlay\" style=\"background-color:\"><\/div> \n    <div class=\"gutenberg--section__wrapper wrapper\">\n        \n\n<h2 class=\"has-text-align-center wp-block-heading\" style=\"font-size:40px\">Featured in<\/h2>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div id=\"block_7ce74bdcdf26f351c45177e8ee5b331c\" class=\"gutenberg-block gutenberg--partners-slider\">\n            <section class=\"partners js-partners-slider-reports\">\n            <div class=\"partners__wrapper wrapper\">\n                \n                \n                    <div class=\"js-carousel-slider\">\n                        <div class=\"track\" data-glide-el=\"track\">\n                             <ul class=\"responsive tns-slider slides\">\n                          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