Small business owners are putting their companies and livelihoods at risk by failing to follow basic business principles. They are failing to keep tabs on the company finances, follow an unstructured approach to decision making and run the risk of costly legal battles because they pay lipservice to HR.
Plans to change the way that businesses experience ‘frontline enforcement’, such as business inspections, were set out today by Business Secretary Vince Cable, including a full scale review of UK regulatory bodies and moves to cut the number of inspections for ‘compliant’ firms.
Spurious claims by serial litigants have come to plague businesses seeking to recruit for new staff but a recent case may have changed employers' tactics. Andrew Fishleigh describes how the boot may now be on the other foot.