From humble beginnings, great things can grow, and no truer words are applicable to new startups in Bath and Somerset. By starting your enterprise in a location like Bath, you’re in the centre of an ideal business and consumer environment. This will encourage growth, but it’s worth remembering that the secret to success is to survive the first year by breaking even or avoiding huge losses.
Keeping your overheads low and avoiding any unnecessary expenses is the key to finding your feet and putting down a solid foundation. Finding affordable places to work is one outgoing that plays a crucial role in lowering costs and remaining in your financial lane. At Thomas Firbank, we’re always keen to help with any advice on how startups can navigate their first year in business.