Radio 4’s Analysis conducted a fascinating interview with Eldar Shafir, professor of psychology and public affairs at Princeton University, last week. Co-author of the book “Scarcity: Why Having Too Little Means So Much, Shafir was being interviewed in front of a live audience at Oxford University, and discussed how scarcity of time and/or money impedes peoples ability to make good decisions.
Last week saw the announcement of Chancellor, George Osbourne’s Budget for 2014. Here we give our response and identify some of the announcements that are likely to interest small business owners most. Before we get into the detail, let’s take a look at the key take-aways.
In a recent study by independent business funder Bibby Financial Services, 69 percent of business owners in the UK are optimistic that the economy will not decline in the coming year, and over half of the 1,000 businesses surveyed expect to see steady growth.
The study also revealed that many business owners are planning ahead with almost 60 percent stating that they had, or would be shortly, created business plans for 2014. Many are also looking to expand and exploring funding possibilities to support their ambitions.
Are you considering expansion or growth plans in 2014? If you are, are you confident that you have a strategy, and the systems and processes in place to support them?
To read more about the study and download the whitepaper click here.