You’ve been successfully running a small business for quite some time, and you’re doing it as a sole proprietorship or a partnership. Well, good for you—you’re one of the entrepreneurs who make our economy grow strong (a great majority of economic growth comes from the small and medium business sector). But do give a thought about incorporating. Why incorporate? Well, why … [Read more...]
New software helps deal with absenteeism
Based on a survey conducted by the Employment Law Advisory Services (ELAS), about one in four small and medium sized business has had more staff taking sick leaves than it has taken action against. But almost 90 per cent of businesses have revealed that they would actually discipline their workers if they were legally confident in doing so. Armed with this information ELAS … [Read more...]
Business cards subject of new research
According to research done by Prof. Cary Cooper of Lancaster University Management School and commissioned by the Entwistle Group, most business owners choose bad designs that pay no attention to who they are trying to impress. Cooper said that business cards should be “the central part of a company’s marketing material. The Entwistle Group suggests that business owners … [Read more...]
Insolvencies expected to peak in ‘06
According to new research by BDO Stoy Hayward , it is expecting that 18,052 businesses will fold next year. This is 749 more than the figures posted in 2005. But the forecasted economic growth for the next two years will mean that the number of corporate failures will drop to 17,528 in 2007. A total number of 17,303 firms have folded this year with shop owners taking the … [Read more...]
DTI research debunks myths about small business (Part 2)
In a previous blog entry the newly released research of the Department of Trade and Industry on business myths was discussed. The research, entitled Myths Surrounding Starting and Running a Business, debunked a number of myths about starting and operating a small business. Here are some more myths that the research debunked: * MYTH: It would take years to start a business … [Read more...]