Government failing the self-employed

Despite numerous plans and initiatives to help small businesses, more than four-fifths of the UK’s self-employed feel the Government is not doing enough to support them.


Despite numerous plans and initiatives to help small businesses, more than four-fifths of the UKÂ’s self-employed feel the Government is not doing enough to support them.

Despite numerous plans and initiatives to help small businesses, more than four-fifths of the UKÂ’s self-employed feel the Government is not doing enough to support them.

This overwhelming statistic comes from a survey conducted by Panasonic Business Systems as part of its Be Your Own Boss Week (11-18 April), which celebrates enterprise and looks at issues and benefits of going it alone.

With 99% of the UKÂ’s businesses comprised of small firms but only half making it through their first three years, the Be Your Own Boss Week is looking at ways of improving the chances of survival during this early stage.

“It is in everyone’s interests to promote entrepreneurialism. For every small business that starts up there’s a real chance it could be the next big brand,” says Bob Tate, Head of Business Systems at Panasonic, adding, “Panasonic began life in 1918 producing and selling two-socket light bulbs from the founder’s house, with just 3 employees.”

The survey also found that the main benefits of being self-employed are the flexibility it affords and the feeling of being better rewarded for the effort put in. More than three quarters of respondents have had to learn new skills to start up on their own.

On the downside, almost a quarter of those who have been self-employed for some time find that they are working longer hours and a similar number suffer stress from financial pressure.

Overall though, the majority believe that the positives outweigh the negatives and an encouraging 80% felt their quality of life had improved as a result of going it alone.

For more about Be Your Own Boss Week, visit www.panasonic.co.uk/byob

(12/4/05)

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