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:
- Late payers create a £10bn crisis at firms: The culture of late payment has become an increasing burden for small businesses, with outstanding payments totalling more than £10 billion, an increase of £1.7bn on a year ago
- Retirement? Its a dream, say bosses: Retirement is an increasingly distant prospect for many small business owners as they struggle to survive the recession
- Budget offers small businesses virtually nothing: Small businesses have accused the Chancellor of leaving them out in the cold following last week’s Budget
- Accounting – Two ways to count your beans
- SMEs dangerously reliant on one customer: SMEs are putting themselves at risk by being too reliant on one main customer for the majority of their sales.
- FPB: Small firms can capitalise on UK tourism: Small companies in the travel and tourism sector could help support Britain’s economic recovery, the Forum of Private Business (FPB) says.
- UK ‘needs micro-business skills council’: A designated Small Business Sector Skills Council is needed to help the UK’s smallest companies.
- Red tape regs rise to £77 billion: The British Chambers of Commerce has released its 2009 Burdens Barometer – the first time it has been published during a recession.
- Govt launches SME review: A new government review will focus on how small and medium-sized enterprises (SMEs) will recover from the economic downturn.
- 300% rent rise demand could jeopardise jobs, claims Notts based Emtex: Up to 21 small firms at a business incubation unit are at risk after Nottingham City Council demanded a 300 per cent rent rise.
As always this list is not exhaustive, but I hope it will give you a little overview. — ST.