- Media Information Press Release
25 May 2004
PR32/04
BUSINESS START UP COSTS HIT ALL-TIME LOW
Entrepreneurs encouraged by record low cost of entry
The cost of starting a business has fallen by more than half in the past four years
to an all-time low of £4,000, according to research from PC World Business, the
specialist business IT provider.
The research suggests that there has never been a better time to start a
business, with the average cost of IT equipment, furniture and office supplies for a
four-person company plummeting from £10,000 in 2000 to less than £4,000 in
2004.
The average start up business in the UK employs four people, and the most
expensive initial outlay is IT infrastructure. With the rapid fall in the cost of
computers and peripherals in recent years, entrepreneurs now face extremely
affordable set up costs, without the need for loans or heavy investment.
A typical four person company requires computers and monitors, office software,
fax, photocopier, printer, network server, cables, telephones, desks, chairs and
basic office stationery. According to PC World Business, this can cost as little as
£3,400. An additional £600 will be required for legal fees and first month’s rent,
adding up to a modest £4,000.
In comparison, the average start up cost for a four person company in 2002 with
similar equipment was more than £7,000; in 2000 it was nearly £10,000.
John Stevens, PC World Business’ head of marketing, commented, “Technology is
one of the most important decisions a start-up business has to make. As
businesses increasingly rely on technology to improve efficiency and customer
service this is good news for entrepreneurs trying to start a business.”
-ENDSFor further information regarding PC World Business, please contact:
Joshua Van Raalte or Richard Leonard
Brazil
Tel: 01865 725 269
(firstname)@agencybrazil.com
Wendy Talbot
PC World Business
0161 447 3216
wendy.talbot@pcwb.com
About PC World Business
PC World Business is a leading specialist provider of IT solutions to business and
the public sector.
The company employs in excess of 500 people and supplies products and
services to more than 100,000 UK businesses and public sector organisations.
PC World Business offers dedicated business account managers and highlyqualified technical experts to provide, manage and maintain business IT systems.
As an independent reseller, the company boasts an unrivalled range of more than
30,000 products, all detailed in the industry-respected Definitive Buyers’ Guide.
The company offers a unique multi-platform approach to account management in
order to offer the best in convenience to its customers. It has specialist Business
Centres in each of the 130 PC World stores across the country, offering
immediate access to around 5,000 products. In addition, the company offers
access to its whole range – many with next day delivery - from its web site
www.pcwb.com; by telephone and through a direct fax service.