Businesses are leaving themselves open to collapse

THOUSANDS of business owners are risking the collapse of their companies due to inadequate business insurance.
 
Mitchell Charlesworth Chartered Accountants and Business Advisors has found that business owners, whilst protecting buildings, finance and equipment, often forget to insure the key ingredient to their success – their people.

Credit squeeze forces cuts to secured lending

Banks and building societies are reporting an expected cut in the amount of secured lending they will offer after the Bank of England admitted the credit squeeze is set to intensify.

The credit crunch is forcing some lenders to take fewer risks whilst at the same time, the cost of borrowing on the money markets remains high. As a result, SMEs could find it difficult to secure traditional loans or receive overdraft facilities from their bank.

Consumer Protection from Unfair Trading Regulations 2008

Do you know of any business, which:

  1. Promotes a product similar to a product made by a particular manufacturer in such a manner as deliberately to mislead the consumer into believing that the product is made by that same manufacturer when it is not;
  2. Makes an invitation to consumers to purchase products at a specified price and then refuses to take orders for it or deliver it within a reasonable time?

Stress is all too common a reality in the workplace

Did you know that little or no awareness of your staff’s natural behavioural styles can lead to their poor physical health, stress and even depression?

In a recent report from Dame Carol Black, the National Director for Health and Work, it was revealed that ill health is costing the economy over 100m pounds a year. We all hear sad cases of people having a mental breakdown or worse, this costs not only the companies they work for, the government and the NHS, but the costs to the individual in the worst cases are often overlooked.

Companies must not follow Camerons lead

David Cameron has pledged that if the Conservative party win the next election, he will give a third of ministerial jobs to women – but organisations considering replicating his plan should think again if they want to avoid potentially damaging lawsuits on the basis of positive discrimination, says Glovers solicitors.

Are Your Employees Stars In Your Eyes?

If you are a manager or run your own business, it’s highly likely that you’ll constantly be on the look out for junior employees who can make the transition to senior level and continue to drive the business forward. However, knowing what the early signs to look for to identify these individuals can be tricky and fraught with uncertainty.

Spring Clean your Finances

With spring time now officially upon us and a new tax year started, there has never been a better time for small businesses to spend some time spring-cleaning their finances to help get their firms into ship shape condition for a successful 2008.

Business borrowing is getting personal

Insolvency practitioners are warning that banks are forcing entrepreneurs and family-run firms to take second mortgages on their homes and offer personal guarantees before agreeing to provide business loans.

Many banks also charged penal rates of interest or refused to extend loans to small businesses unless they agreed to offer their personal assets as security, and in particular their main home.

British Chamber of Commerce Annual convention

Monday 28th April 2008, BT Convention Centre, Liverpool
The annual Business Convention hosted by the British Chambers of Commerce is the ultimate gathering of business, government and skills leaders. This is the year’s essential business, policy and trade event with excellent networking opportunities for business leaders and policy makers. Delegates will hear from international and UK business leaders on how they have applied a creative entrepreneurial approach to grow their businesses into global companies.
The convention will provide an understanding of future market trends from the most successful budding entrepreneurs and show how to support the next generation of British business leaders. To register with the special rate for Business Matters readers, please email offers@bmmagazine.co.uk

One in five UK employees still pressured to retire by their employers

A study by leading insurer AXA has revealed that, despite the introduction of age discrimination legislation in 2006, ageism is still rife in today’s workplace, with thousands of retirees reporting experiencing pressure to quit their job by their employers. In addition, UK plc could face a collective compensation bill of over £45m if employers are taken to tribunal for age-related cases.