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Entrepreneurs get backing from both David Cameron and the Federation of Small Businesses

A pressure group that aims to promote the interests of small businesses in the UK has launched a campaign designed to celebrate the country’s entrepreneurs.

The Federation of Small Business (FSB) has said it wants to celebrate “real life entrepreneurs” who take the risk of following an idea, start up on their own and work to grow a business. Starting last Monday, a roadshow commenced visiting various locations across England to provide advice and networking support to independent workers.

As part of the events, serial entrepreneur and regular Financial Times columnist Mike Southon will speak about the main themes of the FSB’s manifesto. Key areas include reducing and simplifying tax issues faced by small businesses, taking a new approach to regulation, and opening up export markets.

FSB Chairman John Walker wants to see an “atmosphere of entrepreneurship” created in the UK, allowing anyone with a good idea to potentially set up and run their own business. He said: “In short, turning a good idea into a business is one of the most positive acts an individual can perform for themselves and the community in which they live.”

In addition to the comments from the FSB, David Cameron has praised the spirit of entrepreneurs who are brave enough to follow their dreams to become freelance workers and start their own business.

Giving a speech last month in central London on responsible capitalism, the prime minister said that more than anything he admired “the bravery of those who turn their back on the security of a regular wage to follow their dreams and start a company”, adding that he believed the UK was “fizzing with business potential”.

He said: “When people take risks, with their own ideas, energy and money, when they succeed in a competitive market where anyone can come and knock them off their perch at any time, we should celebrate entrepreneurs who get rich in that way.”

Outsourcing to freelance workers is a concept that has made it possible for many entrepreneurs to successfully get their ideas off the ground and established as profitable businesses.

Loren Holland, Managing Director of OutsourceMyProject said: “Outsourcing is providing a welcome boost to the economy, especially for the many entrepreneurs and small businesses who would otherwise be struggling to access the skilled services they require at an affordable price.”

Official figures released last month revealed a significant increase in the number of people who have chosen to become self-employed and take on freelance projects. More than 100,000 people took on self-employed status during the period, taking the total number of independent workers in the UK up to 4.2 million, according to a report by the BBC.

A report published by the Chartered Institute of Personnel and Development (CIPD) yesterday said people from a much wider array of backgrounds and occupations had now turned to self-employment. However, Dr John Philpott, chief economic adviser at the CIPD, suggested many would move back to full-time employment if the jobs were available.

Loren Holland went on to say: “The freelance sector is booming at present, with a wealth of skilled and experienced workers available on flexible and affordable contracts. Entrepreneurs and start up businesses are tapping into the freelance market and this is clearly benefiting the economy”.

Via EPR Network
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Is A Double Dip Recession Around The Corner?

The looming possibility of a double dip recession is likely to see more UK businesses striving to cut costs in 2012, with figures recently released by the Office for National Statistics suggesting the UK could be heading for its first double dip recession since 1975.

The British economy shrank by 0.2% during the three months to December and the Bank of England has warned that the private sector is planning job cuts. The accountancy firm Deloitte claimed that half of all chief financial officers in the UK see cutting costs as a priority over the next 12 months. The growing prospect of a double dip recession is set to cement this view, with more businesses taking a proactive approach by turning to freelancers and switching to outsourcing in an attempt to reduce overheads.

Chairman of the National Outsourcing Association, Martyn Hart, said recently that as well as the upfront cost savings, outsourcing jobs such as copywriting and web design to specialists allows firms to concentrate on their core business. “It is better to focus on things like customer satisfaction, outmaneuvering the competition and securing new business. Outsourcing frees up resources to be the best you can be, in the business you are truly in,” he said.

Shadow Chancellor of the Exchequer Ed Balls insisted Osborne should be blamed for putting the economy into reverse, saying: “Far from the eurozone crisis being to blame, it is only rising exports that kept us out of recession last year. By clobbering the economy with spending cuts and tax rises that go too far and too fast, the government has left us badly exposed if the eurozone crisis deepens this year.”

These poor economic growth figures have resulted in many businesses gearing up for a likely double dip recession, keen to cut unnecessary head count and overheads. Many companies are achieving this through outsourcing particular business functions to freelancers, who charge a far lower price when compared with what can be found on the high street or through employing an internal resource.

There are several online outsourcing marketplaces that offer a hassle free outsourcing service, where freelancers can sign up and offer their services to companies who post details of the work they need completing.

Helping businesses to be more robust against the looming recession, OutsourceMyProject is an example of an outsourcing website that is reaping the benefits of the outsourcing boom, with over £1 million worth of projects posted in the past twelve months.

Loren Holland, Managing Director of OutsourceMyProject said: “We have seen a significant increase in the number of companies taking proactive measures in preparation for another recession.”

He went on to say: “The service Outsource My Project provides is hassle-free and the ideal way for businesses to find the perfect freelance worker to outsource their business functions too.”

Via EPR Network
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