Whether you’re in the process of starting your own business or looking to expand into new premises, one of the key decisions you’ll have to make is where to base yourself. It’s true that technology has made the world a smaller place, and in doing so has made many more places suitable for building a business in, but it’s still hard to beat London if you want a truly great place to achieve growth in your business and in yourself; here are four reasons why.
1. At the Heart of the Technological Revolution
We live amidst a revolution that is having an even bigger impact than the industrial revolution did two centuries ago. The technological revolution is changing every aspect of our lives, from how we learn and work to how we communicate and spend our leisure time, and the pace of development shows no signs of slowing. Smart entrepreneurs know how important it is to embrace technology and to be on the lookout for new and emerging trends that could give them business. There’s no better place to do this than London, as it is home to many of the world’s leading tech innovators and companies; the area between Shoreditch, Old Street, and Hackney Wick has even become known as the Silicon Roundabout, so famous has it become as a technology hub.
2. A Skilled Workforce on Your Doorstep
London is a vibrant city, with a population of more than eight million people, with another six million in its metropolitan outreach. That means that there are a huge number of consumers there for products and services of all kinds, and it also means that there’s a large workforce there to be called upon. A large percentage of Londoners are well educated and highly skilled, and around one-quarter of graduates from all universities in the United Kingdom make London their home. This means that London job applicants are likely to be better qualified than applicants from outside the capital, and that means that you can pick the very best for your jobs.
3. A Motivational Centre of Excellence
Motivation is important for everyone in business, from the workforce to directors and entrepreneurs, and London is a city that inspires and energizes. It’s magnificent architecture and historic buildings, statues and places are a physical symbol of what can be achieved through hard work and determination. Other important lessons can be learned through the team building exercises available in the capital. Team Tactics are a great example of specialists in team building activities that you can find. Their entire selection of activities in London can be seen at https://www.teamtactics.co.uk/team-building/team-building-london/. From treasure hunts to sports and artistic activities, and even Robot Wars competitions and power boat trips down the Thames, their activities are great fun, and yet can also build great friendships between the people within your business.
4. A Well-Developed Business Infrastructure
Because London has been a center of business and commerce for centuries, it has a well-developed business infrastructure already in place. There is a wealth of commercial and office premises for hire that suit enterprises of all sizes, and the excellent public transport system means that you can make a base in any of the boroughs and still attract workers from right across the city. You’ll also find all the suppliers and support you need here, from business accountants to marketing and logistics specialists.
Political uncertainty may be in the air at the moment, but one thing that is not in doubt is that London will continue to thrive and grow, just as it has overcome all the challenges facing it throughout the centuries. With great transport and communication links, and a skilled and ready workforce, along with lots of exciting and effective ways to motivate them waiting in the capital, it’s little wonder that increasing numbers of entrepreneurs and business leaders are saying yes to London.