It’s time for us to look back on the week’s news from the perspective of small businesses – what has happened in the past 7 days that could impact the way you work? Here’s a quick recap:
Last week we reported that the cost of taking out a business loan is on the rise. Small businesses are especially feeling the burden, thanks to rising interest rates. It emerged that small businesses are struggling to get loans, despite schemes like Funding for Lending.
On Tuesday a report was released that revealed that small businesses are set to take on 450,000 workers in the next 12 months. This is an increase of 20% from figures from the start of the year, pointing to a big recruitment drive in the works.
For our weekly Friday Fail, we turned to the US, where failed presidential candidate Mitt Romney had published his victory website despite losing the election. The site was taken down within minutes of the mistake being spotted, but the damage had already been done.
Monday marked the start of Global Entrepreneurship Week, an initiative run by Youth Business International. There are events happening all over the country, where small business owners can share and receive advice. Go to http://www.gew.org.uk to find out more.
And yesterday, a major shake up of flexible working rules was announced by Deputy Prime Minister Nick Clegg. By 2014, mothers will be able to split their maternity leave with their partners, and any worker will be able to request flexible working as mothers do now.