Generally speaking, there are two types of worker in the society. People are comfortable with working for someone else and being part of an enormous company/corporation. Often it is easier to work in an established and well structured company. You have a less responsibility and your role is often well defined and you have a chance to pass too complicated tasks on to your senior manager. As you are employed, you are eligible for paid holiday and sick leave entitlements. Your employer pays a part of your national insurance and tax and you receive your salary regularly. As long as you have a contract which protects your legally, you will be fine. The most part of the people choose this option because it is less challenging than standing on your own feet. I do have to mention that even finding a job is becoming a huge challenge for us all. The economy is struggling and the industry is more and more automated. Less job offers and too much demand. That makes an average citizen’s life difficult.

On the other hand there are people who are unable to work for someone and not willing to integrate into the company structure. The most of these people have a huge ego and very often a winner mentality. It is very tough to survive as an entrepreneur in today’s market as the big concerns make prices significantly low so that it is impossible to compete for small businesses. Their influence on main media channels is big and they form a society to a certain extent in favour of their profit maximising strategy. These people have courage and desire to succeed and offer alternatives to us and provide diversity in the market. We should support small businesses. In the UK, more and more people are setting up a company as the company registration process has become really easy through Efilling system provided by Companies House. The company formation industry is booming and the company formation agents are doing a good business. It is great news for everyone. But we need be cautious. More than a half of the new start-ups fail in first three years in the market. 

It is important to offer resistance to big companies, to provide alternatives to clients and create new jobs for others. Being entrepreneurs doesn't only mean to standing on your own feet and fight against the invincible giants. Small businesses will be less likely to damage significantly these big companies. It is quite simple to create a setting up a company. If you have an idea and you think you can monetise your idea then you should absolutely create a limited company. Having a limited company status is more beneficial than being sole trader. There are a few company registration agents, like Rapid Formations ltd deliver 3 hours company formation & registration services. The most of them are accredited by Companies House and offer competitive price for start-ups. The prices become more attractive, if you check the packages they offer. Very often packages include registered offices, phone answering services and so forth. At the end customer services and brand trust will make a difference.

Every agent will ask you to provide a unique company name. You should check your desired company name first by visiting directly to Companies House website or private services provider’s websites. There is no need to worry about these private companies. The most of them are accredited and using Efilling system which is provided by Companies House. Every legally registered company in the UK must have a registered office address. You can provide your home address. But the problem is that this address will be visible to everyone, as the law says to do so. It is better to have a registered office address other than your home address. Choose one of the packages the agents offer in their company formation packages. Or there are independent companies specialising virtual office services. Name a director and provide a full detail and finally the shareholder’s details or guarantor’s details. It depends on which limited company you want to register. There are few options: limited company by shares, limited company by guarantee and limited company by Liability Partnership.

Once you have provided these documents, you will have your legally registered company status within 3 hours and you are eligible to trade as a limited company. 

The obsolescence is a big issue in our open market economy. Everyone knows that a quality of products have been worse than ever. Instead of boycotting them we continue to buy these products. The consequences of our buying behaviours can be drastic for the next generation. We spend our money more for a brand than quality. There is a direct correlation between consuming brand products and positioning in the society. Big media publisher are investigating a black side of the globalisation and open market economy. They are covering sensible issues like child labour, modern slavery, inhuman working conditions, mass deforestation, and destruction of rare wildlife habitat and living environment of unique and archaic ethnics. And all that for the benefit of our high standard of living and our throw-away society!