An entrepreneur is to reuse a domain name he has held since the mid-1990s to help others start-up new businesses.

Nick Ogden has launched a new website using his business.co.uk domain name after hearing the government's plan to encourage company creation through its New Enterprise Allowance (NEA) scheme.

He believes that it has become very difficult to do so and will therefore use the internet to help advise young entrepreneurs.

It is hoped that the NEA will create 40,000 new businesses by 2013 by giving jobseekers of six months £2,000 to begin their own firm.

Mr Ogden told the Daily Telegraph that he hopes the use of his domain name, which he has had since 1994, will help people in developing their ideas.

"I hope they will be able to find all the different fragments of suppliers they need from a single site. This may or may not work. My hope is that if even one person sets up in business that's absolutely brilliant," he told the news provider.

source from the HOSTWAY

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