The confidence of small firms is on the rise, according to new surveys out recently;
"Almost half of decision makers are confident the ecomonic situation will improve within the next year, compared to 34 percent two years ago.
More than one in five now see the ecomonic environment as one of the top three opportunities for their business, compare to 15 percent in Jan 2013.
However the study ( from Zurich SME Risk Index ) also found regulation is still causing headaches for small firms. The top challenge for small firms is employment regulation (27%), impending Pension regulations (20%), tax compliance (23%), followed by H&S (22 %).
Despite the optimism, over half have concerns regarding profitability & profit margins (58%) in the short term."
I'm very much a half glass full type of person as I firmly believe one can talk one's self into a free fall with too much negativity, By all means be looking over your shoulder, but also looking & planning far ahead. Let those who have a negative outlook take the pain :-)
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Goes hand in hand with Cameron suggesting a pay rise for workers in the UK today! Good news - and isn't regulation always the headache? :)