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The essential guide to starting a business in Belfast

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Originally written by Anna Jordan on Small Business
In the past, we’ve explored launching a start-up in Leeds, Newcastle, Glasgow and Cardiff. Now it’s on to the final part of the UK, with a guide to starting a business in Belfast.
Let’s look at the vital stats and how small businesses themselves got on when setting up in Northern Ireland’s capital.
The city is number one for ‘business friendliness’ in mid-sized and small global cities. Office space is cheaper too. According to research from both CBRE and Colliers, Grade A office space in Belfast is £21 compared to £30 in Leeds, £34 in Manchester and Edinburgh, £56.17 in Dublin and a whopping £67.50 in London.
‘Grade A office space in Belfast is £21 compared to £30 in Leeds, £34 in Manchester and Edinburgh, £56.17 in Dublin and a whopping £67.50 in London’
Population
As of 2018, there were 340,220 people in the city, with over one million people in the Belfast region.
A substantial 43% of the population is under 30 years old while 44,625 in the region are full-time students. With three universities, two university colleges, six further education colleges and an agri-food and land-based college, you’ll have a pool of skilled graduates to hire from.
Crime

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Nearly half of co-founders buy their business partners out – survey

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Originally written by Timothy Adler on Small Business
More than two fifths (43pc) of company founders are forced to buy their co-founders out of their businesses due to rifts and power struggles.
The most common reason for founding teams to split is a difference in opinions over the company’s direction, according to a survey by venture capitalist Fuel Ventures.
Of the 43pc of founders who’d been forced to buy out their fellow co-founder, more than two thirds (71pc) said it was due to “a difference of opinions for the company’s direction”, while 18pc said they felt their former partner “didn’t reciprocate their beliefs/values”.
And nearly all of those founders who’d split said the schism was triggered by “a single specific disagreement”, following a period of dispute or unrest within the founding team.
Nearly three quarters (73pc) of founders said they would never co-found a business again. And 81pc of those who would consider co-founding a business again said they would only do it with someone “they knew well”.
As to why entrepreneurs felt they needed a co-founder, 57pc of those surveyed said they felt more confident and comfortable having someone to run the business with, while one third (32pc) said they felt obliged to have a

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10 questions to ask your business partner before buying a company together

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Teaming up with a partner is a great way to achieve business success. It is also a one path to business ownership. You will have combined skills and knowledge, more business capital and you won’t have to ‘go it alone.’ But partnerships can go sour. Partners can quickly clash over money, time commitments, goals and
The post 10 questions to ask your business partner before buying a company together appeared first on Small Business.

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