Tag: integrity

Governments require businesses to trade freely, however the Government also seek to regulate how the trade is performed.

Now, I work with some great companies who are led by inspirational individuals who demonstrate excellence in their sector. But the Paradox, Government and big sector members seek to supress the growth by requiring regulation or unreasonable standards.

Regulation

Tax, employment, health and safety, etc., but those inspirational leaders and business owners don’t have those skills, so the mediocre “Professional” services get involved.

The issue is always the same, the small business doesn’t have the resources or the basic skills in regulatory matters to hold the Professionals to account.

The management of tax is one of the worst areas, accountants advise on how to pay as little as possible, yet paying tax on gross profits is a brilliant sign for contracts. The idea that you save money by claiming every possible allowance is seen as a saving, the reality is the business loses access to higher value contracts.

Regulation isn’t design to help small business, it is used to restrict growth, this means when a company hits a ceiling they become commercially viable to purchase.

Regulation is designed to keep the global players ahead of the game, they avoid the regulation and have the power to ignore the regulators.

Solutions

Don’t just sign up for Professional services, get some training first, know what you should be getting and know what you want from an accountant, solicitor, health and safety and quality consultant.

The biggest issue is when the fat hits the fan it was never their fault, the regulator is quite right in saying that a business owner should have known. So as you hit the milestones where regulations apply, get the training before you buy a professional service so that you can ensure you are meeting the standard.

The Paradox? Regulation and regulators should level the marketplace, the reality is distortion.

Here is a very basic example – a personal carer is a family member and has provided the care for years unpaid, however, the local authority agrees the Direct Payment is appropriate, so you decide to pay your carer. Sounds simple, and it is so long as you understand the difference in the relationship, you are now the employer and specific regulatory factors now apply, Insurance, Payroll, Job description, contract of employment and holiday pay.

So the message today is before you take the next step in your business development make certain you have accessed the training in the regulatory requirements. Stress comes from mistakes

There is assumption and presumption, note the difference:

An Everyday Affliction

Authority presents information as truth, big companies and advertisers do this and the majority never raise any questions about the veracity of any statement. They take things at face value.

The reality is that little truth is written or spoken. For example requesting credit when the borrower knows they will never be able to pay. Or the public lender who is borrowing from a future source of money they haven’t yet received.

Corruption and dishonesty permeate all parts of life and business.

Neither a Borrower or a Lender Be

Having always developed businesses with zero access to borrowing, no loans, nor overdraughts has meant that every opportunity opens and closes without doing damage to others.

There is good sense in operating within the means of the business. In the early 1990’s I joined a firm based on a lie, deception, that there was at least enough money in the bank to get through the first years operation. It became the money didn’t exist.

30 people lost their jobs because I took things at face value. It never happened again.

The clear message

Expect to be deceived, learn the language of those who promise what they can’t and often have no intention of delivering.

Business Independence relies on those Six honest serving men:

I keep six honest serving-men
   (They taught me all I knew);
Their names are What and Why and When 
   And How and Where and Who.

I send them over land and sea,
   I send them east and west;
But after they have worked for me,
   I give them all a rest. 

These are our tools for checking the veracity of others therefore, we all need to use them. The economy tanks because of macro policy adjustment small business collapses because of micro decisions.

Taking things at face value leads to disappointment therefore, aggressively challenge all news sources, hence checking for yourself. There’s nothing that substitutes

Need to know how to use the tools Contact Us

Update

The media are now telling everyone what a mistake the British People made, it doesn’t matter. Those who provide the information others make decision with are culpable.

Consequently, Its time to settle and graft, small business faces the micro end of the economy. Therefore without small business big business can’t function because we are the supply chain. Skip the media and politics and focus on the business.