They say 'good workmen never blame their tools' but 'credit where credit's due!'...

Did you know that of 4.7million businesses in the UK, 99.3% are small firms with fewer than 50 employees and only O.6% are medium firms with 50 to 249 employees?

Naturally, business owners have to be motivated by income but the way that they run their businesses also helps the UK in many ways. Two examples are that firstly, most business owners feel a keen sense of responsibility towards their staff and their families. Secondly, their autonomy over decision making and the skills needed to run a business represent a store of knowledge that has real value to the economy.

Why then has so little been done to assist business owners in these difficult economic times? Government initiatives have failed to help the vast majority of owner-managed businesses and some, like the temporary reduction in VAT, just made more work for many. Government grants are hard to access and information about them is difficult to find, while credit has been much tighter. Despite all this and the lack of real effective assistance, the owner-managed sector will pull us out of this economic mess because it always does.

Isn't it high time owner-managed businesses were given more support?

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