It is undoubtedly good news, as reported in today's Telegraph, that 39 leading venture capitalists agree with Chancellor George Osborne that Britain is indeed "open for business" and once again a "world class place to launch new businesses".

These "angel investors", including influential figures behind recent successes such as Lovefilm.com and Zoopla, the property website, are welcoming the new investment rules introduced by the Chancellor as a "shot in the arm" for enterprise, allowing them to pour more funds into start-up projects. They reserve particular praise for Mr Osborne's decision to increase tax relief on investment in new businesses from 20 to 30 per cent, which they say will provide a "massive boost" to entrepreneurs.

But how does this translate in practice to the aspirations of the multitude of grassroots businessmen and women just looking to make a start with their enterprise?

The level-headed entrepreneur will start with the basics: business model, tax and accountancy advice, premises, solicitors commercial leases, contracts and banking needs.  Resources, funding and risk must be carefully considered.

From sound beginnings the greater the options will be, and with that, the advantages of growth, tax-efficient investment, and maybe even the attention of such an angel investor.

One thing is for sure: a budding entrepreneur needs good, straight forward and cost effective advice as a foundation for success and growth.