SME Issues

SME Issues

Can big company executives suceed in a start-up?

Identifying big company executives who can achieve success with a start-up can be tough. Many star players at big companies wilt in a small company where they have finite resources and little or no supporting infrastructure.

Firms turn their backs on the office

Who needs an office anyway? That's what an increasing number of organisations are asking as a new survey from the UK reveals that up to half of small businesses don't work from formal business premises.

Don't start a business by the seat of your pants

If you try to start a business by the seat of your pants, chances are you're going to lose your shirt. But with so much information out there to help, any budding entrepreneur ought to be able to start and grow a successful, profitable enterprise.

Little help for small business down under

It shouldn't take a genius to understand how important small businesses and other entrepreneurs are to a national economy. Unfortunately, it seems that this is a lesson still being learned in Australia.

Small business employees lose out on benefits

Workers in smaller businesses in America are not only less likely to have access to health care benefits, but also left high and dry when it comes to company pensions.

Small business: take advantage of advisors

Many entrepreneurs have a passion for their products, not a background in business. So startups can give themselves a better chance of surviving if they create a board of advisors to provide regular, outside perspectives on internal and external situations.

SMEs neglect marketing

Marketing seems to be a Cinderella discipline in British small businesses, with over a third admitting to having no brand values or acknowledging the strategic importance of marketing.

Why nepotism can have its merits

Hiring someone simply because they are "family" has traditionally been considered bad business sense, but may actually have its benefits, particularly for smaller businesses.

For U.S. workers, small is beautiful

You might make more money working for a large company, but if you want something resembling a personal life, don't want to be unhappy on the job and like to be treated fairly, you'd be much better off with a smaller employer.

Nearly half of UK small businesses hire without seeing a CV

British employers, particularly small businesses, are abandoning the traditional CV when recruiting new workers in favour of gut instinct or word-of-mouth recommendations.

Small is beautiful for U.S. college grads

Smaller U.S. employers worried about competing with large corporations for graduate talent can take heart form a new survey which finds that seven out of 10 graduate job-seekers would prefer to work for a medium or small employer.

Britain's SMEs face recruitment woes

More than half the UK's small and medium-sized businesses have had problems recruiting good people in the past year, with low standards of education and a lack of vocational experience largely to blame.

Flat rate tax no panacea

Although three-quarters of small firms in Britain would like to see the introduction of a flat rate tax, they have been warned that the reality of such a revolution might be far less attractive than at first sight.

Day-to-day worries mount for small business owners

The working week for Britain's small business entrepreneurs may have grown by almost 10 per cent in the past three years, but the desire to be their own boss shows no sign of deterring people from wanting to go it alone.

Small is more generous when it comes to Christmas

Smaller employers are much more to be generous when it comes to rewarding workers with gifts and parties at Christmas, a survey has concluded.

Secrets of start-up success

With nine out of 10 new ventures doomed to failure, what is it that enables the remaining one in 10 to succeed?

SMEs resigned to recruitment difficulties

Smaller organisations are more relaxed about recruitment difficulties than their larger counterparts but still face real difficulties persuading talented managers and professionals to join them.

Lack of role models deterring young entrepreneurs

Young people are being deterred from starting up their own businesses because of a fear of failure, lack of role models and a rules-based 'conveyor-belt' educational system that crushes the enterprise spirit.

Favouring the first born

The first employees recruited by small firms tend to climb the corporate ladder faster than those who join later. But favouring the 'first born' is fraught with peril, according to those who have seen the results.

Is flexibility the magic bullet for SMEs?

With almost half of smaller employers in Britain unable to find the skilled staff they need locally, could flexible working prove to be the inducement they need to persuade people away from larger employers?

Entrepreneurs plump for friends, not family

Entrepreneurs are shunning family members when setting up a business and increasingly setting up new ventures with friends rather than relatives.

Employers slam 'unemployable' school leavers

Britain is producing a generation of 'unemployable' school leavers who are not qualified for anything except getting drunk and not turning up for work in the mornings, employers have complained.

Government 'failing to help small businesses'

Despite all the rhetoric talking up Britain's enterprise culture, the government is failing to stimulate the development of small businesses, according to a report from the country's largest employers group.

Britain's entrepreneurs remain bullish

A quarter of Britain's small business owners intend to recruit additional staff and invest more during the next 12 months, underlining continuing optimism amongst the country's entrepreneurs in their own businesses.

In search of the UK's most successful entrepreneurs

The CBI/Real Business Growing Business Awards 2005 have been launched to find the UK's most successful entrepreneurs.

Red tape keeps small firms small

More evidence has emerged of the effect of red tape and taxation on small business as a new survey find that more than third of small firms in the UK want to stay small and not recruit any more employees.

Securing finance - the next glass ceiling

The boardroom glass ceiling may finally be starting to crack, but for women who want to get on in business it is becoming increasingly clear there is another significant gender imbalance to be tackled – finance.

£30m fund for women entrepreneurs

A new £30 million investment fund has been launched to bridge the funding gap for female entrepreneurs in Britain who often face obstacles raising money through traditional channels.

Red tape crushing entrepreneurial spirit

Four out of 10 of Britain's company bosses say they would be unlikely to set up in business if the opportunity arose again, with red tape and tax their two biggest problems.

EU admits that regulation stifles job-creation

The European Commission has admitted that Europe is missing out on the creation of 1.5 million new jobs because micro-businesses are being held back by excessive employment regulation and red tape.

Employment legislation hitting SMEs

More evidence has emerged of the damaging cost of excessive regulation with half of Britain's small businesses saying that employment legislation is their biggest administrative headache and is hitting their bottom line.

Boom in minority-owned businesses

The number of minority-owned business start-ups has reached record levels in Britain, accounting for 11 per cent of all new business start-ups and often outperforming their white-owned counterparts.

Banks biased against women entrepreneurs

Britain's high street banks have an institutionalised bias against female-owned businesses, typically charging them one percentage point more in interest on business loans.

What a load of ******!!

The UK government's latest piece of regulation on business is causing a bit of a stink among owners of equine businesses.

No rest for the productive

In an antidote to endless research about work-life balance, flexible working and the like, a survey by Bank of Scotland has revealed the deeply unfashionable fact that the more hours an entrepreneur invests in their business, the greater chance they have of achieving growth.

Gearing up for growth

When a business gears up for growth and the inevitable changes this brings, everyone looks to the top for direction. This is especially true – and difficult - for SMEs.

Most entrepreneurs stressed most of the time

Working for or running a small business can do serious damage to your stress levels and leave you suffering from severely bad work-life balance, a survey has suggested.

More turn to franchising as second career

Older workers are increasingly turning to franchising as a second career rather than starting up businesses from scratch.

Red tape? What red tape?

Politicians have set themselves on a collision course with employers after the Trade & Industry Select Committee claimed in a report that it is "slightly bemused" by the "obsession with the growing burden of regulation" in Britain.

Women starved of VC funding

Venture capitalists in Europe are shunning investments in companies run by women, as a new report finds that there are no more venture capital-backed female businesses in 2004 than there were in 2000.

Red tape stifling the growth of employment

Employment legislation is actively discouraging small firms in Britain from taking on staff, a new survey has revealed.

Legislation breeds litigation

Britain's workplaces are becoming more discordant places with disciplinary procedures formalised at an earlier stage and disagreements more likely to lead to legal action.

Minimum wage 'damaging small firms'

An employers' group has warned that the minimum wage is having a damaging impact on an increasing number of small businesses across the UK.

Fear of failure discourages European entrepreneurs

Britain may be the most entrepreneurial major economy in Europe, but new research shows that it still lags behind Australia, New Zealand, the US and Canada.

Risk-aversion stifles European entrepreneurialism

Why are people in the EU generally less entrepreneurial and more risk-averse than people in the USA?

Self-employed work longer and save harder

Britain’s army of self-employed workers are more likely to work longer and save harder for retirement than their PAYE counterparts – but the Government should be wary of thinking this is the answer to the country’s pensions’ crisis.

Entrepreneurial spirit set to be alive and well in 2005

As many as one in five people are planning to start their own business in 2005, according to a survey.

Red tape the looming worry for employers in 2005

Keeping up to date with the latest Government red tape will be the biggest challenge facing Britain’s small businesses next year, a survey has predicted.

Entrepreneurialism flourishes where government gets out of the way

Britain's hard-pressed entrepreneurs will find much to agree with in this heart-felt polemic from American business guru Irwin Stelzer published in yesterday's Sunday Times.

Enterprise at heart of Brown’s pre-Budget speech

Britain is set to become a world leader in high-tech jobs and enterprise, fuelled by a highly skilled, highly flexible workforce – at least if you believe Chancellor Gordon Brown.

Lack of succession planning threatens thousands of businesses

The future of tens of thousands of small businesses across the UK is in doubt because their owners are failing to put in place effective succession planning.

Regulation has reached saturation point

Small businesses have reached saturation point in regard to the amount of employment law they can take on board, the Federation of Small Businesses has warned.

Red tape stifling small businesses

In the latest salvo again Britain's burgeoning culture of red tape, the government's own advisors have accused bureaucrats of stifling small businesses and discouraging the creation of hundreds of thousands of jobs.

A good place to do business, but too much red tape

The UK gets a thumbs up as a place to do business from the nation's entrepreneurs. But less red tape and unnecessary bureaucracy would make it even better.

The future will be disorganised - probably

The future of work lies in organisations that feel less 'organised', more flexible and socially committed, a new report predicts. But businesses are further away than ever from realising this vision.

Going it alone is the new 'job for life'

With the notion of the 'job for life' long dead and buried, more and more people, especially women, are looking to self-employment as the best way forward.

SMEs discouraging pensions participation

Britain's pensions crisis is being made worse because many small and medium-sized companies are actively discouraging employees from joining company schemes in an effort to reduce costs.

SMEs booming in UK PLC

Britain’s small business sector is booming, according to new figures, as the number of new businesses grew by 200,000 last year to reach almost four million.

The mother of all issues

More reaction from small business owners to Godfrey Bloom's comments last week about maternity leave, this time in the Times.

SME recruitment booming

Demand for staff in small firms has reached a two-year high, with nine out of ten planning to recruit over the next few months and many facing skills shortages.