How many business owners do you know who want to develop plans to retain key staff, grow profits, engage key staff in a discussion about enterprise value and develop succession plans?
There is plenty that small business owners can, and do, worry about. If your client base includes growing SMEs, you will have heard a few of these common grievances. Two of the grievances mentioned strike home with the SMEs that I speak with – finding and retaining reliable staff and ensuring steady cash flow.
It can be a fine line between what constitutes an employee and an individual contractor. We have seen a shift away from ‘traditional’ employment over recent years, with flexible working arrangements and freelancing becoming increasingly common. Accompanying this trend is the risk of businesses engaging workers as contractors when they should actually be treated as employees.