The latest in small and medium business news from the week, including some radical suggestions for new working tactics (four day weekend, anyone?) and a stern warning from the Pensions Regulator…
Feature of the week
A new model of efficiency, productivity and an increasingly rewarding personal life has been suggested by none other than world’s richest man, Carlos Slim.
Carlos, a Mexican business magnate and investor, spoke at a conference in Paraguay to put forward his thoughts on a radical overhaul that would not only change how we live, but also do better for business.
The overhaul model suggests a three day working week of 11 hour days and a retirement age of 75. Having four days off would increase our quality of life as workers, Carlos explained, and make for more productive working days. We can’t say we don’t like this idea – and if we’re taking business advice from anyone, it’s the richest man in the world.
See more updates all to do with small and medium businesses from the week…
Don’t put off getting legal advice in order to save on the bills if you’re a start-up, says this writer. This article recommends trying her method of short and frequent check-ins with your lawyer – or facing the potentially disastrous consequences. While aimed at start-ups, this is smart advice for any growing business.
Latest news that the first few businesses to be fined for not auto-enrolling staff into pension schemes is good warning to businesses everywhere. Experts in this article have said there are 1.25million small firms yet to reach their staging date, so there is still time to act and prevent any financial damage.
Why everyone should be backing Small Business Saturday | The Telegraph
We’re starting our countdown: there’s officially one month left until Small Business Saturday. Taking place on the 6th December 2014, this will be only the second Small Business Saturday ever, an annual nod of support to all small businesses UK-wide. Take a look at this article from The Telegraph to find out which celebrities are on-board and backing this independent-business initiative.
Small businesses predicted to invest billions into UK economy | Herald Scotland
Scottish small businesses are predicted to be big news for the UK economy, according to a recent survey published by Clydesdale Bank. The forecast suggests that the majority of SMEs in Scotland are set to make investments, equating £16,300 per small business. Read the article for a more in-depth look at how these figures will help UK economic growth.