Skip to main content
We're here with practical information for your business. Learn about business planning, running a business and more.

Search

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

Advice on protecting your wellbeing, self-confidence and mental health from the pressures of starting and running a business.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Brits on the move as remote working becomes the norm

6 October 2020

Nearly two-thirds of Brits have thought about moving since their daily commute has been replaced by home working, according to new research.

A poll of 2,000 Brits by OnePoll for MoneyTransfers.com has found that 63% have considered living elsewhere since the COVID-19 lockdown brought in widespread remote working; 46% have thought about moving within the next 12 months.

The idea of moving is most appealing to younger people, with three out of four of Gen X and 70% of millennials saying they have considered a move due to changes in their work environment. This compares to 54% of Gen X and 46% of Baby Boomers.

Reasons for moving cited by respondents include:

  • For a better quality of life (52%);
  • Because they can work remotely (49%);
  • To reduce the cost of living (38%);
  • To reduce housing costs - both renting and buying (29%);
  • For a slower pace of life (29%);
  • For better weather or scenery (28%);
  • For adventure (22%);
  • To be closer to family (21%);
  • Because of COVID-19 (16%).

The findings indicate that most people would choose to stay in the UK - just 12% said they want to move overseas while 74% want to relocate within the UK; 14% remain unsure.

London remains a popular destination (for 19% of those that want to stay in the UK) although a significant number (12%) are attracted by a rural life in the South West of England. Other popular destinations are: the South East (11%), Scotland (8%) and Yorkshire and the Humber (7%).

For those looking to move abroad, Spain came top, followed by Canada, the United States, Australia and Greece. For the Gen Z demographic, English-speaking countries are more popular, with Australia and the US being the most popular choices. Baby Boomers prefer Italy and Portugal.

The poll findings also reveal something of a gender divide, with 68% of men saying that they would consider moving if remote working continued to be available, compared to 50% of women. "Missing family and friends" was the main reason that women didn't want to move (for 46%), with the high cost of moving preventing 41% of men from making a move.

Jonathan Merry, ceo of MoneyTransfers.com, said: "With many working from home for an extended period of time, the general public [have] questioned whether they could be rid of their commutes, large rents, or mortgages for good, and instead, live and work from somewhere else … I believe that this on-going experience will ultimately provide the public with more freedom to live and work remotely in the future, with digital being at the forefront of this movement."

Written by Rachel Miller.

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.