There has been so much change in the last month! As we have seen the vote for Brexit led to David Cameron resigning and our latest football debacle led to Roy Hodgson falling on his sword too. UKIP are looking for a new leader and the Labour Party are keen to join that bandwagon. As is often said the only constant in life is change!
Meanwhile at YBC HQ we continue to observe the changing face of British business. A job for life is a thing of the past, employees fear for their futures and many more are turning to self employment as their only choice when they are made redundant. For these people, the one thing that needs to change more than anything else, is society’s attitude towards self employment.
Although Government welcomes self employment and proclaims it as ‘ job creation’ the truth is that, in reality, the SME sector is barely acknowledged. Of course there is the occasionally trotted out platitude that they are the ‘backbone of the economy’ but where is the assistance to help with growth. Today’s self employed are tomorrow’s employers so encouraging people out of their back bedroom by creating affordable workspace would seem like a sensible thing to do.
In recent years there has been lots of legislation passed that imposes more bureaucracy on all business owners. Compliance with this red tape is time consuming and stifles growth with the latest example being Auto Enrolment. Undoubtedly, helping employees save for the future is a good thing and will stand them in good stead when they retire. This puts all employees on a level playing field rather than the past that saw pensions only available to people in the public sector or working for large companies. However, with the ranks of the self employed fast approaching 5 million something needs to be done to cater for their futures too.
The public sector is the country’s biggest employer but self employment is catching it up fast and is predicted to overtake it soon. We now need our new government to realise just how many votes the SME sector comprises of. Concessions need to be made in many areas but the traditional support bodies such as Federations, Chambers and Institutes are falling in numbers at a time when representation and support is needed more than ever. Many of today’s self employed and SMEs simply don’t identify with these bodies making room for a vibrant alternative.
Your Business Community (YBC) was formed to cater for the needs of the 21st Century SME. An inexpensive membership fee provides unlimited advice and discounted services but most of all creates opportunities to find its members more clients and, with 49 percent of self employed people earning less than the living wage, this is an attractive proposition.