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Business development

Winning new business when business is difficult to win

A sharp downturn in the economy may not appear the most opportune time to push ahead with plans to attract new business. That said, businesses should consider resisting the understandable temptation in periods of recession to cut back on their marketing efforts in the name of cost saving.

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Tough times, tight credit management

With credit ever harder to come by, the looming recession promises to be a challenging time for even the best organised of businesses as they strive to maintain a reasonable cash flow and to avoid late payments. There are, however, a number of practical steps that businesses can take to ensure that they have as tight a control as possible over their finances.

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Small firms see sharp rise in job losses

Small and medium-sized businesses are axing jobs at a rate not seen for almost twenty years, the CBI has reported.

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Increase in minimum redundancy pay

Employers are being reminded of increases to the amount of an employee’s weekly earnings that count towards statutory redundancy pay.

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Employment rules guide to help small businesses

The Equality and Human Rights Commission has published a guide to help small firms cope with the economic downturn.

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Recommendation on new minimum wage delayed

The government has accepted a request from the Low Pay Commission to delay an announcement of its recommendations on this year’s rise in the national minimum wage.

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