Wolverhampton inspires many to start up their own companies. However, not all of them stand the test of time–many new businesses fail within the first two years. Small business owners need to start taking advantage of modern technology to survive in today’s competitive marketplace.
Since its small beginnings as a market town, Wolverhampton has developed into a booming economy. In the Victorian era, an abundance of coal and iron ore in its mines made Wolverhampton a rich town, and it achieved city status in 2001. It is now famous for the production of locks and iron products.
Today, the Black Country AIM Program supports Wolverhampton’s small businesses with advice, investments, and market development opportunities. The strategy set by Wolverhampton City Council, in partnership with the Black Country Chamber of Commerce and the University of Wolverhampton, to encourage growth and competitiveness. AIM reports Wolverhampton should be proud of their small business community. It not only drives the local economy but also has a global reach, combining traditional strengths with an innovative flair.