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BIS needs to understand micro-businesses

The vast majority of small businesses are micro-businesses. All government small business initiatives are not only aimed at larger businesses but positively disadvantage micro-businesses. What is needed is for BIS to understand that micro-businesses are very different to small businesses (those with £2 - 10 million turnover) and start thinking about how to incentivise micro-businesses. Hint: Their biggest need is to be able to borrow money without having to give their wife and children as hostages, ie mortgaging the family home



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Idea No. 9