new enterprise allowance

Last month's blog post was a brief examination of the risks and rewards of self-employment. One of the stepping stones from unemployment to starting your own business is figuring out how to finance the initial costs. This is where the New Enterprise Allowance becomes relevant to the discussion.  What is the New Enterprise Allowance? The New Enterprise Allowance is a government scheme designed to offer unemployed people the money necessary to start up a business. It was first started by the Thatcher government in the 1980s. Some well-known entrepreneurs and public figures got their start this way, including the founder…