British Entrepreneurs

Richard Branson was on the radio this morning. He asserted that it is as easy to be a successful entrepreneur here as anywhere else in the world. In particular, he didn't think it was easier in America. The one caveat he made was that the British entrepreneur has to think globally as the home market is too small for may businesses.

In my experience of having run businesses in both the US and here, the great advantage the US has is that you can let people go quickly and easily when you have to. Here, you have to go through long drawn-out procedures and even then you can have to face an employment tribunal. Branson is probably big enough not to have to worry about this, but it is a serious obstacle to employing people when you are a small business.