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UK ideal for small businesses, Decibel CEO claims

Summary

The CEO of London-based firm Decibel Music Systems claims that the UK is perfect for budding entrepreneurs.

Our Solution

The CEO of London-based firm Decibel Music Systems claims that the UK is perfect for budding entrepreneurs. Gregory Kris launched a number of tech start-ups before deciding to pursue his interest in Decibel - a service that collects data on physical and digital music products. From his experiences, he's come to the conclusion that there are few better places in Europe to launch an enterprise than the UK. "Compared to the rest of Europe, the environment in the UK is right for supporting small businesses," he told themusicvoid.com. "This has been the case for as long as I can remember, it's not a new thing." Mr Kris says favourable tax breaks work to the advantage of small companies - possibly starting out in the comfortable setting of a garden office - while finding investment tends to be easier in the UK. He claims that numerous investors have declared their interest in Decibel, but that the company wishes to finance itself. Contributing to forbes.com, the founder of server monitoring start-up Server Density, David Mytton also shares the belief that "the British tax man is dealing with start-ups more intelligently". He believes the government is now aware that few businesses will make profit in their early years and has increased its support for entrepreneurs. Mr Olson, who first founded a company in his own bedroom at 14-years-old, says the introduction of online systems for filling out tax return forms and low start-up costs means developing an idea in the UK is getting easier.

Author:

Richard Towey

11th July 2012