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Putting the Heart Back into Business: How to place people, planet and purpose at the core of what you do

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The UK faces months of change and challenge. These guidelines will need to continue to evolve based on insight from the ground. A future Brexit deal must make sure that the UK has international trading arrangements that work well for small firms. As companies from tech to banking grapple with this issue, Evan Davis and guests discuss the productivity pros and cons, the impact on company culture and career progression, and the future of the office space itself. The BEIS guidance issued today sets out practical steps employers can take to enable staff to continue and return to work. We have worked with BEIS to ensure businesses have access to the information they need to put in place measures to help them work safely. This will assist employers in carrying out risk assessments and putting practical measures in place. Reinvested money is considered a business expense, so you won’t need to pay income tax on it. (Always speak to an accountant or financial advisor on tax advice and cost effective recommendations on running your business.)

Ultimately, the decision lies with a company’s directors, and they need to feel comfortable they can operate safely. Decisions on re-opening will not be taken lightly. Business leaders want to stand on their own two feet, but most can’t operate at anything like normal capacity at the moment, and making adjustments to protect staff and customers will be a big challenge for many workplaces.We cannot see continued delay with businesses in limbo for months and years, not knowing the future of our trading environment – small business confidence has now been in negative territory for an unprecedented five straight quarters. Alternatively, if you want to stay in the driving seat, reinvesting profits rather than seeking external equity avoids diluting your ownership and control rights of your business.

Set up a task force with cross-functional representation. Align on certain principles that will guide your decision-making and policies so that the changes seem fair to everyone. With the uncertainty of the pandemic still lingering in 2021, stay flexible and agile with your plans. Leaders must be in touch and willing to adjust as needed. In times of crisis, the way we treat employees matters. - Mofoluwaso Ilevbare, Procter and Gamble For example, Customer Relationship Management (CRM) software solves a number of business pain points such as improving communication and clarity across teams and with clients. It helps to streamline processes to increase efficiency, while offering a platform to better view and analyse data. If these are some of your pain points, research how much it would cost to enable a CRM across your business and the associated timescales.

Debt funding involves taking out a business loan, usually from a bank, building society or other lending company. Some are secured against company assets (rather like a mortgage), while others are unsecured and based on your finances. You’ll have to meet their eligibility criteria, which means you’ll need a good credit score, an impressive business plan and a clear explanation of how you’ll use the money. The stronger your case, the more you’re likely to be able to borrow. Private equity This change includes removing the work capability assessment and supporting claimants to work without fear of losing their financial support. Regardless of the content of any future Brexit deal, it is crucial in any case that the UK’s immigration system is open to talent from overseas. Poor ‘access to skilled labour’ is consistently cited by small businesses as one of the top barriers to growth. Now you’ve worked out what needs changing to meet your goals, research solutions for each area, including approximate costs.

This will be introduced in phases, with 15 hours of free childcare for working parents of two-year-olds going into effect in April 2024, and for working parents of children aged between nine months and three years in September 2024. We were appreciative of being included in the government’s consultation process and the opportunity we were given to shape the guidance for our sector. In particular we appreciated the quality, clarity and pragmatic nature of the guidance which will now inform our safe operating procedures.Bupa’s Workplace Wellbeing Census found that for half of us, colleagues have a positive impact on wellbeing. Some people are likely to have missed the social aspect of working together. Look into ways your team can socialise and meet safely, such as arranging lunchtime walks or placing chairs in an outside space. Virtual events will also help include staff working remotely. We also stand by our sister organisation in Gibraltar, the Gibraltar Federation of Small Businesses

Non-Recurrent Expenses: These are expenses that will not be incurred by the business upon the exit of the current business owner. We have opposed a ‘no-deal’ Brexit, due to the dire consequences that small businesses would face and given many simply do not have the resources to cope or re-orient to new markets in time.

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Software powers the daily operation of most businesses, but you will also find that there are constant improvements and developments in this area. This means that your business could be behind the times, so it is worthwhile investing in high-quality new software that could benefit the business in a few ways. Often, the software can simplify or even automate processes, which can make work a lot easier for your team while also increasing efficiency and output. If you have not upgraded your software for a while, you should look to see what is now available and how it could help your business to thrive. Recruitment & Training documents developed in consultation with approximately 250 businesses, unions, industry leaders as well as devolved administrations Of course, it's also important to be resourceful. When outsourcing, make sure you are doing so only as part of a growth plan. Assign a value to your time and never pay someone more than it would cost you to perform the same tasks. Being creative with ways to save money and cut your losses can also be a great investment -- especially when you are first starting out. For one thing, our observations of non-locality have all involved tiny numbers of particles. Scaling up to a human, or even something smaller like a piece of paper, would be an enormous challenge. It is the employees that are the engine of the business, so this is an area that can always benefit from the investment. This will include investing in recruitment so that you are bringing in fresh talent, but also with training so that you can improve your employees and help them to progress in their careers. Training should help employees to stay engaged with the business and should help to lift performance, so it is a win-win. Business Qualifications

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