Whilst we’re in the middle of a global pandemic, many companies are still growing and thriving, so this can be a great time to finally take the leap. Many people are now at home with plenty of time on their hands as well, so they likely want to take this opportunity to finally plan and implement their dream business.

Startup businesses have increased by 60% over the last couple of months, so what better time than the present to finally set up your business?

The Benefits of Setting Up a Business

There are many benefits to setting up your own company, including the chance to be your own boss. At the moment, digital businesses are doing well and are expected to continue rising in popularity; this doesn’t come as a surprise, considering the current situation.

Overall, becoming self-employed can be very rewarding. You’re finally striking out on your own and following your dream career, and you have the chance to set up a venture and watch it thrive.

By being your own boss, you have more control over your job, from the income you want to receive to the hours you set. Flexible hours are an attractive feature for those seeking a better work-life balance; no more working long hours if you don’t want to, for example.

You also have more freedom to do what you want when you’re working for yourself. There are no restrictions or limits to what you can do, from trying more creative products to working for several clients at once.

You choose where to work from as well. A dedicated office, your home, the café down the street… when you’re running your own business, you make all the decisions. Building something from the ground up is rewarding to people as well, as is being able to turn a skill, interest or passion into your livelihood.

Why Should You Set Up Your Business Now?

So, being your own boss has many advantages, but why should you do it now? Taking into account the current global pandemic, is this the right moment to set up a company?

One thing you need to consider is that you have more time now, which provides you with the perfect opportunity to lay out the groundworks for your business. Because of lockdown measures, many places are closed, so you can spend time on your business plan or on doing market research instead of going out.

Female Accountant or Marketing Check report documents

And, if you feel like you still don’t know enough about being an entrepreneur to set up a company, you have time to learn. Now is a great time to focus on tasks that may take some time, like creating your website or starting to reach out to potential clients or partners.

You can also form a company from the comfort of your own home. You don’t have to wait until things re-open, since everything can be done online. You don’t have to worry about wasting time on traffic jams either if you’re able to work remotely.

While these are uncertain times, digital businesses – or businesses that have embraced a digital transformation – have a good chance of growing and flourishing. This isn’t to say that other types of business won’t thrive; on the contrary, many start-up opportunities are clearly presenting themselves at the moment. Cleaning services and fashionable face protection businesses are just a couple of examples of companies that are likely to emerge during the COVID-19 pandemic.

Advantages of Choosing CRO to Form a Company

With our company formation services, it’s never been easier to set up your own business. UK companies are registered through Companies House and our services ensure that you are correctly established and that your brand name has not been chosen by someone else.

You just need to provide us with your company name, the address of your registered office, all director and shareholder information, and we’ll take over for you. You don’t have to waste time on admin, as we can take that hassle off your hands.

CRO simplify your company formation process and make sure it’s easy to manage. We offer several different services to our clients, so you can choose from email formation, printed formation or our all-inclusive packages. These all-inclusive company registration packages are a combination of add-ons and you select the ones that fit your business needs the best.

All our services ensure that your new limited company is established correctly with the most comprehensive documentation package available.

Setting up a company can be a time-consuming process if you’re unsure about what needs to be done or how to even start. For this reason, why not take advantage of CRO’s company formation services? Your time is better spent on planning your business, networking or creating new products instead, so allow us to take care of the paperwork-heavy admin.

Don’t hesitate to contact us today if you’re looking to set up a company or if you want to learn more about what we can do for you.