The Perfect Storm for Small Business and How To Get Through It

The perfect storm that faces every entrepreneur can be likened to the “eye of the storm” where calm winds exist at the axis of your business and blue skies abound … but nonetheless you are in the midst of severe weather. It can also manifest as a storm, so severe that it seems impossible to overcome the centripetal force that jostles you recklessly – forcing you into uncomfortable pivots and confusing turning points.

A perfect storm is always persona non grata.

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Furlough Fraud – Now just 60 days to self-report any potential abuse of the support scheme or face personal liability, HRMC action and potential criminal action.

While the Government’s financial schemes have been a real help to many businesses during the coronavirus pandemic, fraudsters are quick to find ways to take advantage. The Coronavirus Job Retention Scheme (CJRS), known as the Furlough Scheme, is no exception and along with other financial support such as the Business Bounce Back Loan Scheme (BBLS), they are opening up a whole new risk of prosecution to business owners. Steven Mather, a commercial lawyer with Nexa Law, writes. 

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Six Things to Outsource for More Efficient Business Growth

While it might be possible to run your entire business single-handed at the beginning, sooner or later you’re going to need some help. Here are six things to consider outsourcing, freeing up more time for you to focus on what matters to you.

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