Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from the United Kingdom and Ireland:
- United stand in support for small businesses: The Lancashire Evening Post has thrown its support behind the Federation of Small Businesses’ (FSB) national Keep Trade Local campaign which is backing small businesses throughout the country.
- Lenovo debuts small-business servers worldwide: Lenovo is to enter the global server market for the first time, with the launch of its ThinkServer range of servers.
- Mail misery continues with soaring costs and more branches closing: Royal Mail’s decision to introduce a flat rate for fewer weekday collections, as part of its shake-up of the postal network, has left small businesses paying more for what many believe to be a reduced service. Until April 2008, business-owners could choose to take advantage of morning collections for an annual fee of £280. Now, there is just one collection per day, which is priced at £450. The price hike comes as businesses are bracing themselves for the impact of a cost-cutting exercise in which a total of 2,500 local Post Office branches are to close.
- Small business interest defies economic down-turn: INVESTOR interest in successful small businesses in Worcestershire is holding firm despite the credit crunch.
- Entrepreneurs getting sleepless nights over downturn worries: New research suggests that one in six small business owners suffer sleepless nights as a result of stress – roughly 750,000 people in total.
- Firms are held to ransom by late payments: Small businesses are being hit hard by customers who delay paying their bills for as long as possible
- One business just isn’t enough: Many small business owners are involved with three businesses at once but more than half are considering selling up
- It’s good to start up in a downturn: Setting up a business in an economic downturn may seem like an unnecessary gamble, but it could offer real rewards for those prepared to take the plunge
- City helps young entrepreneurs get on the ball: MANCHESTER City Football Club has kicked off the government’s new initiative to help budding entrepreneurs turn their `business dreams into reality’.
As always this list is not exhaustive, but I hope it will give you a little overview. — ST.