Putting the Heart Back into Business: How to place people, planet and purpose at the core of what you do

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Why would business owners choose to reinvest profits? Cycling cash through the business can help you fund more projects and ensure future growth. Similarly, while noting it is “pleasing to see the government recognise the benefit of employer-led occupational health services”, David Williams, head of group risk at Towergate Health & Protection, says more needs to be done to support employees and ensure their physical and mental health is maintained. A carefully curated and flexible transition plan is key. Every organization is different and has unique needs. There is no one-size-fits-all plan to recommend. Invest the time and resources to develop the best plan—one that aligns with your business, culture, teams’ needs and so on. Then roll it out with the full expectation that tweaks and pivots will need to be made. - Bryan Passman, Hunter + Esquire

We would also like the next Government to focus on doubling the number of small business exporters. Due to the number of small businesses who do not export but have done before or would consider doing so in future, we believe that doubling the number of exporters is a realistic objective that deserves Government support. Let's start with Albert Einstein's theories of relativity, which set out a description of space, time, mass and gravity. A key outcome of relativity is that the flow of time isn't constant. Time can speed up or slow down, depending on the circumstances. Influenced by the cost of living crisis and economic uncertainty, last year’s Royal London research found that one in three (30 per cent) people would change their retirement plans because of the cost of living crisis. At the same time, a third (33 per cent) of those planning to retire in the following five years were changing their retirement plans.

Non-Recurrent Expenses: These are expenses that will not be incurred by the business upon the exit of the current business owner. Our industry has adapted well to the social distancing measures needed to slow the spread of the virus, with most people working from home, while a small number of key workers go in to keep critical systems operational. Now the UK has passed the peak of the pandemic, the government’s latest guidance for business and workers sets out a path for how the economy can reopen safely. For some that means continuing to play their part from home, but for others it means adjusting to new ways of working which are both safe and sustainable in the weeks and months ahead.

The only remaining loophole is that the theories this is based on are incomplete. Relativity and quantum mechanics work very well for certain aspects of the Universe, but they also aren't compatible. This suggests we need a deeper theory that unifies the two, but despite decades of effort we don't have one. "Until we have that theory, we cannot be sure," says Shoshany. Involving business at every stage will be key to delivering a successful economic recovery, and the collaborative approach the government has taken to developing this guidance has been a welcome first step. It has allowed us to speak up for the interests of the many restaurants we work with, who are the beating heart of our business and of local economies across the country. We look forward to engaging in continued dialogue with the Government over the weeks and months to come.Employees may make a request for flexible working but employers can turn it down for permitted business reasons,” he says. To apply, you need at least 26 weeks’ service and can ask only once in any 12-month period. Reasons for turning down an application include cost and fears it could hit performance. Throughout the EU exit process so far we have been clear that any deal must include a proper transition period so small businesses can prepare in advance for any changes to the rules with which they have to comply with on a day-to-day basis. We do not believe more than one set of rule changes for small businesses is desirable.

For example, developing your products/services, creating better processes, investing in customer service training, etc. Meanwhile, Kerry Linley, founder and CEO of apprenticeship software company Rubitek, says that although the introduction of the returnerships programme “sounds broadly positive, the immediate question is how it will work in practice”, and that while it may be a boost for employers, who will have the option to upskill both young and “experienced” talent, there is a concern that young people could miss out. FSB has engaged through this process with the Department for Business, Energy and Industrial Strategy and we appreciate that our points have been taken on board for the UK small business community. For instance, an approach “providing employee benefits for the masses has a better impact than tax breaks for a select few”, he says, while adding that the right employee benefits, group income protection, private medical insurance and cash plans all directly aim to reduce illness in the workforce –“and we’d encourage employers to look at these if they want to retain their workforce and be seen as an employer of choice”, says Williams. Extension of childcare funding for working parents For instance, if your product is manufactured overseas and you’ve been receiving complaints about the build quality of the material, you should consider switching to a higher-cost producer. This is just one case of an overdue capital improvement investment that can lead to higher profits in the long run. 4. External Acquisitions

How to tell if you need business investment

documents developed in consultation with approximately 250 businesses, unions, industry leaders as well as devolved administrations David Gallagher, head of pensions at Fieldfisher, sees the change as “a welcome reform” and says that it “should be quite a simple change to implement and unlikely to have any transitional complexity".