A government regulator has revealed that it will be targeting financial SMEs in the coming months to make sure they comply with its enforcement regime for treating customers fairly.Talking to the New Model Adviser, the Financial Services Authority’s (FSA) head of retail enforcement, Jonathan Phelan, said that small businesses had a responsibility to make sure […]
Posted on 1st March 2007 in City News.
An organisation which represents the interests of SMEs has urged Chancellor Brown to invest in the UK’s school system ahead of what is likely to be his last budget.The Federation of Small Businesses (FSB) has presented its Budget Submission to the chancellor ahead of his budget, which will be published on March 21st. The FSB’s […]
Posted on 1st March 2007 in General business.
Hundreds of initiatives are slashing through the red tape which British businesses feel can tie them in knots. As Britain embarks on one of the most radical regulatory reform programmes in the world, a whole range of sector-specific initiatives announced by the Government just before Christmas are starting to kick in and make life easier […]
Posted on 1st March 2007 .
By Claire West Here, as some practical help, is an insight into the ‘how’ of exhibiting. It is a reality that using exhibitions as compared with other media such as advertising or direct mail is much tougher. Unlike booking an ad into a magazine and forgetting about it, an exhibition involves time, effort and some […]
Posted on 1st March 2007 in Conferences & Exhibitions.
The government has asked businesses, including SMEs, to tell it what constitutes ‘good work’.Launching the scheme, the government pointed out that studies have repeatedly said that "work is beneficial to physical and mental health", but for this to be true it must be ‘good work’.However, there are no accepted understandings of what ‘good work’ really […]
Posted on 28th February 2007 in Regional News.
British employees, including those working for many SMEs, obtain over £1 billion fraudulently from bosses by claiming false expenses, a new report says.According to the research carried out by Travelodge, 22 per cent of British workers admit to fiddling their expense accounts.On average, workers claim an additional £14.60 every time they claim expenses for a […]
Posted on 28th February 2007 in Regional News.
The government has announced that local authorities throughout the country will be given over £300 million pounds this year as a reward for helping local businesses, including SMEs.In total, 328 local authorities will be given £316 million as part of the Local Authority Business Growth Incentive Scheme (LABGI). The scheme gives councils who have successfully […]
Posted on 28th February 2007 in Coffee Break.
Overdrafts, bank loans and equity funding are the routes most owner-managers and FDs of smaller companies in the UK (e.g. those under £10m turnover) think of when they need to review how business is funded, or indeed, when they hit cashflow problems. Tracey Ewen, Managing Director, IGF Invoice Finance, one of the UK’s leading independent commercial finance houses, assesses the option, beyond these traditional methods, of invoice finance.
By Brian Chernett Should we take on a Non-Executive Director (NED)? What role should a NED play? These are two important questions I frequently get asked. It seems that there is much confusion in the minds of some directors of SME companies about this. Since Cadbury redefined the roles and responsibilities of NEDs in larger […]
Posted on 28th February 2007 .
By Brian Chernett You’ve worked hard to get here. There have been times when it was impossible to relax for a moment as the business struggled for its survival in a competitive world. Then success arrived. You’ve begun to see the orders arriving and the profits building. This is what you’ve strived for all along, […]
Posted on 28th February 2007 in Leadership & Management.
By Suzie McCafferty The benefits of the franchise model have been well established, but how do you decide which franchise is right for you? 1. Research the market thoroughly — read the franchise trade press, check out the numerous internet sites and sign up to industry newsletters. 2. Do you know anyone who is currently […]
Posted on 28th February 2007 in Sales.
The cost of government red tape for businesses, including SMEs, is set to reach record levels, according to new research.Figures published by the British Chamber of Commerce (BCC) show that the cumulative cost of government regulation for all UK businesses has reached £55.6 billion since 1998.Equally, the data reveals that financial burden to businesses of […]
Posted on 27th February 2007 in City News.