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Pre-Launch Edition.-
update 3. STAND TALL- if you are one of the almost 4 million owner-managed businesses in the UK. You are a very important part of the economy! Around 13 million people work in small businesses- over 58% of the private sector workforce- generating more than half the nation's GDP (Gross Domestic Product). 90% of commercial innovations come from owner-managed business. An impressive contribution to UK plc that has gone almost unrecognised by any government in my living memory. Why is this? Perhaps it is because we are not aware of the contribution that all our small efforts add up to? Every year over 500,000 people start-up their own business - taking on the risks associated with being 'on your own'. Many discover that they need to enlist help in various skill requirements as running any business today is a heavily regulated occupation- fraught with more pitfalls than ever before. "I am closing a relief under which, for tax reasons only, people are being persuaded without changing what they do to set up a company, replacing the £10,000 starting allowance with a rise in the investment allowances for smaller businesses to 50 per cent." - Said Brown The Chancellor of The Exchequer in his off-hand pre-budget speech to the House of Commons - 7 December 2005.. This will impose an immediate NEW TAX burden of up to £1900 a year on those small limited Companies who re-invested profits in the business. Try as we did, we could not find any criticism of this move of the long arm. Indeed The Federation for Small Businesses have given his report the thumbs-up! Our first experience of getting up and running was a nightmare of detail and worry that the money would run-out before sales were at least break-even. I remember how difficult (and often very lonely) it is out there- surrounded by investigators from almost every conceivable area of activity asking us to pay them to get certified in this- that- and the- other. It is estimated that it costs at least £5 in every £100 of your sales for this new form of taxation. At The North Devon Times we are committed to promoting business development and growth of the owner-managed business community- in whatever field- wherever you live. The first thing we should do is drop the current jargon of 'micro-small-medium'- words that mean more to a piece of steak than to a community responsible for producing almost all the new innovations - employing over half of the private sector- and contributing more than half of the UK's GDP. It really is time to stand tall! Who is really lobbying on your behalf? This question will be a regular focus and the B2B Forum- will provide a platform for discussion-planning-lobbying in the interests of the owner-managed business community. We look forward to you joining and telling us what you think. Jack
Steele . Business Editor. |
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