Small Business World News Round-up – 2009/06/30

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 around the world.

US Home & Small Business News Roundup

Canada Home & Small Business News Roundup

  • CFIB issues open letter on fuel costs: Canadian small firms are being hit hard by rising fuel prices and are calling on governments to provide tax relief and assurances that they will not introduce additional taxes, such as a carbon tax. This was the subject of an open letter sent today to federal finance minister Jim Flaherty and provincial/territorial finance ministers by the Canadian Federation of Independent Business (CFIB).
  • Sask. small business owners optimistic: The “barometer” of small business optimism is going up in Saskatchewan — and is once again the highest in Canada
  • Office sublet market soars 75% as businesses cut back: The amount of unused office space business put on the sublease market grew by almost 75% last quarter from a year ago, a further indication of the crumbling economy.
  • Alberta business sentiments rebounding after six-month slide: Business sentiment in Alberta appears to be rebounding after two quarters of economic volatility.
  • A mentor for every new entrepreneur: Launching a business from scratch can be a lonely journey, one seasoned entrepreneurs don’t recommend be undertaken alone. Ideally, novices should identify an accomplished entrepreneur within their community who would be willing to spring time to provide feedback on what has and has not worked for them.

Australia Home & Small Business News Roundup

  • Failure to take account: IN the aftermath of the May budget, those who think of themselves as entrepreneurs need to confront two of the greatest reasons for small business failure. The first is their tightwad ways; the second, that their accountants too often are hopeless at business.
  • ATO offers free interest: SMALL businesses earning less than $2 million that have a tax debt can now apply to have any interest charges waived for 12 months and also request deferred payment dates for their activity statements.
  • SMEs warned that lending rates will only increase: Small and medium business owners hoping that further cuts to official interest rates will translate into lower rates for business borrowers have been handed a blunt warning by a new…
  • Worst is over, economic growth to come: A UNIVERSITY research group says the worst of the economic downturn is over and has forecast the Australian economy to record to flat to small growth over the remaining three quarters of calendar 2009.
  • Smaller firms ‘starved of credit’: Small and medium sized businesses are being starved of credit by major banks whose dominance should be the focus of any parliamentary inquiry into banking, says PSIS chief executive Girol Karacaoglu.

India Home & Small Business News Roundup

UK & Ireland Home & Small Business News Roundup

  • Small Business Face Regulation Burden: The FPB is urging the Government to step up its efforts to reduce the burden of regulation on small businesses, following new research showing that red tape costs the UK’s smaller business employers almost £12 billion per year.
  • Time to Boost Broadband: The Federation of Small Businesses (FSB) has welcomed the Government’s commitment to ensure universal access to fast broadband, but warns the expected 2mbps by 2012 lacks ambition and shows the UK is in a time-warp
  • UK Small Firms Suffer Poor Credit Ratings: Nearly two thirds of UK small firms bear a credit rating which may negatively affect their ability to obtain credit finance and favourable credit terms from suppliers, according to new research from Graydon UK, a leading credit risk management agency.
  • Small businesses in Northern Ireland face £284 million bill for regulation: Small businesses in Northern Ireland lose almost £300 million every year due to government red tape, new figures have shown.
  • GOVT should cut small business red tape: Small companies in the UK spend almost one working week each month dealing with red tape.

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