i’m a small business... ...get me out of here
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I’m a small business... ...get me out of here. Sandi Rhys Jones 26 February 2004. How small is small?. a micro business employs up to 9 people a small business employs up to 50 people a medium business employs up to 250 people - PowerPoint PPT PresentationTRANSCRIPT
RhysJones
ICE/CIOB 26 February 2004
I’m a small business......get me out of here.
Sandi Rhys Jones
26 February 2004
RhysJones
ICE/CIOB 26 February 2004
How small is small?
a micro business employs up to 9 people
a small business employs up to 50 people
a medium business employs up to 250 people
… and of the 200,000 construction companies in the
UK, 90% of them employ fewer than 6 people
European Union
RhysJones
ICE/CIOB 26 February 2004
The cost of red tape
“Owner/managers of SMEs spend an average of
10 hours a week complying, at an estimated cost
to the economy of £17 billion.”
The Forum for Private Business
2002 Survey
RhysJones
ICE/CIOB 26 February 2004
Noel Ford Evening Standard
1985
RhysJones
ICE/CIOB 26 February 2004
Counting the cost
employing 10-14 people takes 31 hours a month
complying with regulations and paperwork
average cost of compliance is £2000 - £4000 pa,
or between 4% and 6% of turnover
tendering for public sector work is too complex
A Government Action Plan for Small Business
Small Business Service
RhysJones
ICE/CIOB 26 February 2004
Small business bedrock
3.8 million small businesses
employ 12.6 million people
represent 99% of UK firms
generate 52% of private sector turnover
… and nearly 50% cite regulation as a key obstacle
to business success
RhysJones
ICE/CIOB 26 February 2004
Reality test
many businesses don’t know what is required to
comply and when seeking support from
government, often find they are not eligible.
services and organisations are fragmented,
confusing and hard to find
too often the process is too complicated, takes too
long and is not relevant to businesses
DTI
RhysJones
ICE/CIOB 26 February 2004
Mel Calman
The Times 1980
RhysJones
ICE/CIOB 26 February 2004
Where are the women?
Women in the UK represent
45% of the workforce
27% of the self employed
15% of business owners
…lower than in the Canada, USA, Australia and
most of the Far East and South America
RhysJones
ICE/CIOB 26 February 2004
Barriers
accessible/affordable childcare
inappropriate/inaccessible business support
transition from benefits to self employment
access to finance
DTI
RhysJones
ICE/CIOB 26 February 2004
Clive Collins, Daily Mirror
RhysJones
ICE/CIOB 26 February 2004
Government initiatives
‘see at a glance’ guidance on new regulations
consider incentives for alternatives to regulation
standardise and co-ordinate change
improve procurement opportunities for SMEs
increase turnover audit threshold from £1m to
£5.6m, potentially exempting 69,000 firms
DTI
RhysJones
ICE/CIOB 26 February 2004
Don’t get mad, get active!
“The paperwork associated with a first employee
costs £5, whereas big business actually makes money
out of payroll tax deductions.”
Vision for the future
ACCA Small Business Committee
RhysJones
ICE/CIOB 26 February 2004
Network for help
Forum of Private Business www.fpb.co.uk
Small Business Service www.cabinet-office.gov.uk
Federation of Small Businesses www.fsb.org.uk
Association of Chartered Certified Accounts www.acca.co.uk/smallbusiness
Institute of Directors www.iod.com
RhysJones
ICE/CIOB 26 February 2004
Play to your strengths
make the most of your size and independence
insist on the right advisor, not the usual advisor
think creatively to build a happy workforce
challenge convention
RhysJones
ICE/CIOB 26 February 2004
RhysJones
ICE/CIOB 26 February 2004
www.rhysjones.com/smallbusiness.ppt