Last week, in line with Global Entrepreneurship Week, David Cameron (Prime Minister) announced his plans to dissemble the current regulations and taxation policies that are inhibiting entrepreneurial activity here in the UK. The goal is to stimulate the SME (small to medium sized enterprise) market in order to generate economic growth and create more jobs. The premise is seemingly simple; self employment leads to the development of small businesses which, if they are encouraged correctly will grow into large businesses, which can employ more people creating a pipeline. His idea is for people to “make a job, rather than take a job, an idea that Source Marketing Direct definitely agrees with.
This week BBC news UK released the most recent figures from the Office for National Statistics, which highlighted just how dire the job market is here in the UK. Unemployment has hit 8% (the highest it has been since 1996). The rate for 16-24 year olds has also risen significantly with 20.6% of this age group unable to secure work and unemployed.
Source Marketing Direct thinks that David Cameron’s approach certainly seems valid when considering that the SME market has traditionally always been where “growth in employment comes from”.
Hector Montalvo of Source Marketing Direct said “Looking at these statistics in raw numbers it means that 2.53 million people are unemployed and looking for work. I think we are limited in solutions – jobs and money don’t just grow on trees as presumably these 2.53 million people know only too well. I believe that the government should invest more into small businesses and people who are considering going into employment for themselves. This week I am celebrating my 10 year anniversary in running a small business and I am happy that I am able to provide for my family as well as have a positive impact on the local economy. The fact is, this could be the only way to reboot our economy, and as a brand new father myself, I would love to see this happen sooner rather than later. This climate is scary for anyone but especially our youth. I would hate to see my son finish University and then spend 6-8 months relentlessly looking for a company to utilise his education and skill set to no avail and become one of these statistics. It is plain scary. I definitely would like to get involved in next year’s Global Entrepreneurship Week to support this further”.