The publication of Lord Young’s second report “Growing Your Business” on the role of microbusiness in stimulating the much needed recovery, on 13th May, dictated our topic this week.
The other dramas in the world of UK politics meant that this important piece of governmental thinking and policy direction did not get the coverage in the mainstream media that it really merited. Those of us concerned about these matters, however, have spent many hours poring over the 60 page document and contemplating its possible implications for our micro enterprise businesses.
Many readers will breathe a sigh of relief when I declare that I shall not be spending any time here taking apart the many statistics quoted throughout the report. Fortunately, almost all the data sourced in the report has already come under scrutiny within these editorials over the past months.
Even more fortunately, the conclusions and indications drawn from those statistics are in line with those I have drawn previously.
More important, from the point of view of those of us operating a micro enterprise or considering self-employment opportunities, is the understanding of where Lord Young and his team see needs that may be actively met by shifting limited resources around.