As a small business owner myself, struggling under the ever increasing burden of government regulations and stultifying tax, I had a vested interest in the eCademy networking event that took place on Tuesday 15th July, where Mark Prisk MP was guest speaker.
Mark Prisk is MP for Hertford & Stortford, Shadow Minister, Enterprise, Deregulation & Competition and Shadow Minister for Cornwall He presented on "Running a Business in Britain Today".
As a former businessman, Mark has a wide interest in all entrepreneurial activity. He is the vice-chair of the all-party parliamentary groups on Small Business and on Freelancers, the treasurer of the all-party group on Entrepreneurship, and a trustee of the Industry Parliamentary Trust
I captured the full presentation on video (24 mins) - well worth looking at if you have the time - a mix of amusing anecdotes, worrying statistics, and maybe hope for the future. Some key points I noted:
- There are currently 3000 business support schemes in operation, managed by 2000 different public bodies at a total cost to the taxpayer (i.e. you and me) of £2.6 billion (yes...billion!)
- A recent survey revealed that 75% of these schemes have no ideas whether their money is being spent effectively - i.e. there is no measure of success.
- Only half of one percent of business owners of these schemes were satisfied with their service.
- Government does not recognise the existence of home businesses or SME's with less than 50 employees - except of course when recovering business taxes - i.e. they are simply not on the radar.
So, if these statistics are not sufficient to warrant reform of the system, I don't know what is!
See also the Doug Richard's report (he of Dragon's Den fame) on the proposals to overhaul the Government's business support system, which it describes as "complex" and "out of control".
If you want to know more about the Conservative's ideas on small business reform, check out the website. There's also a link to a nationwide survey which Mark Prisk is coordinating to see how a Conservative Government could best help SME’s. Regardless of your political persuasion, if you are a small business owner, you may as well have your say.
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