{"id":19997,"date":"2023-04-27T14:56:31","date_gmt":"2023-04-27T14:56:31","guid":{"rendered":"https:\/\/www.moorethompson.co.uk\/blogs\/?p=19997"},"modified":"2023-04-27T14:56:32","modified_gmt":"2023-04-27T14:56:32","slug":"better-business-day-and-what-it-means-for-start-ups-and-smes","status":"publish","type":"post","link":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/","title":{"rendered":"Better Business Day and what it means for start-ups and SMEs"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred-1024x576.png\" alt=\"\" class=\"wp-image-19998\" srcset=\"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred-1024x576.png 1024w, https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred-300x169.png 300w, https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred-768x432.png 768w, https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>New start-up businesses in the UK are as abundant as ever, but issues within society, climate change, and the cost of living have proven tricky obstacles to navigate.<\/p>\n\n\n\n<p>Yesterday marked \u2018Better Business Day\u2019 \u2013 the launch of a campaign by The Better Business Act, which is calling for an amendment to Section 172 of the Companies Act in order to benefit start-ups and small businesses.<\/p>\n\n\n\n<p>A growing coalition of over 2,000 UK businesses is now involved with the campaign, which will today see the Better Business Act speaking with MPs, policymakers, and business leaders in Westminster.<\/p>\n\n\n\n<p><strong>Why is change being called for?<\/strong><\/p>\n\n\n\n<p>Section 172 of the Companies Act sets out several duties that directors owe to a company. It requires directors to promote the success of the company so that it benefits the shareholders.<\/p>\n\n\n\n<p>This legislation does not consider other responsibilities that a company has, including societal and environmental. The Better Business Act wants to see this amended, so it aligns social and environmental impact with shareholder returns.<\/p>\n\n\n\n<p>Climate change is under the microscope like never before, so it is a widely popular view that the interests of people and the planet are given as much concern as those of shareholders when boardroom decisions are made.<\/p>\n\n\n\n<p><strong>How does this affect start-ups and small and medium-sized enterprises (SMEs)?<\/strong><\/p>\n\n\n\n<p>With Section 172 of the Companies Act, larger companies are profit driven and often prioritise quick returns for the shareholders. For start-ups and SMEs, these methods are not as feasible as they usually lack the investment and funds to achieve these short-term goals.<\/p>\n\n\n\n<p>The above is just one example of the stumbling blocks these businesses face when being forced by this legislation to act in similar ways to much larger, wealthier companies.<\/p>\n\n\n\n<p>Amendments to the legislation would level the playing field for start-ups and SMEs and see a greater balance between profit and purpose across all businesses around the UK.<\/p>\n\n\n\n<p>According to the Federation of Small Businesses (FSB), SMEs account for 99.9 per cent of the business population, while in 2022, a staggering 774,420 start-ups were created. These figures show the need for equality, as these smaller companies are vital to the overall business landscape in the UK.<\/p>\n\n\n\n<p><strong>Need advice about your start-up or new business? Contact us today.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New start-up businesses in the UK are as abundant as ever, but issues within society, climate change, and the cost of living have proven tricky obstacles to navigate. Yesterday marked&hellip; <a href=\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/\"><span class=\"meta-nav\">Read more&hellip;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,29],"tags":[],"class_list":["post-19997","post","type-post","status-publish","format-standard","hentry","category-blog","category-smes-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Better Business Day and what it means for start-ups and SMEs - Moore Thompson<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Better Business Day and what it means for start-ups and SMEs\" \/>\n<meta property=\"og:description\" content=\"New start-up businesses in the UK are as abundant as ever, but issues within society, climate change, and the cost of living have proven tricky obstacles to navigate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/\" \/>\n<meta property=\"og:site_name\" content=\"Moore Thompson\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T14:56:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-27T14:56:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Better Business Day and what it means for start-ups and SMEs\" \/>\n<meta name=\"twitter:description\" content=\"New start-up businesses in the UK are as abundant as ever, but issues within society, climate change, and the cost of living have proven tricky obstacles to navigate.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/#\/schema\/person\/0d9cc808e7eb5eb75ce773e69c3d97fb\"},\"headline\":\"Better Business Day and what it means for start-ups and SMEs\",\"datePublished\":\"2023-04-27T14:56:31+00:00\",\"dateModified\":\"2023-04-27T14:56:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/\"},\"wordCount\":379,\"image\":{\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred-1024x576.png\",\"articleSection\":[\"Blog\",\"SMEs \/ Business\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/\",\"url\":\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/\",\"name\":\"Better Business Day and what it means for start-ups and SMEs - Moore Thompson\",\"isPartOf\":{\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred-1024x576.png\",\"datePublished\":\"2023-04-27T14:56:31+00:00\",\"dateModified\":\"2023-04-27T14:56:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/#\/schema\/person\/0d9cc808e7eb5eb75ce773e69c3d97fb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#primaryimage\",\"url\":\"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred.png\",\"contentUrl\":\"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred.png\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.moorethompson.co.uk\/blogs\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Better Business Day and what it means for start-ups and SMEs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/#website\",\"url\":\"https:\/\/www.moorethompson.co.uk\/blogs\/\",\"name\":\"Moore Thompson\",\"description\":\"Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.moorethompson.co.uk\/blogs\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/#\/schema\/person\/0d9cc808e7eb5eb75ce773e69c3d97fb\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.moorethompson.co.uk\/blogs\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d498d367d2804be15bc61803b6b418ff4e3a763854a712330b138d6e2af0153a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d498d367d2804be15bc61803b6b418ff4e3a763854a712330b138d6e2af0153a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/www.moorethompson.co.uk\/blogs\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Better Business Day and what it means for start-ups and SMEs - Moore Thompson","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/","og_locale":"en_GB","og_type":"article","og_title":"Better Business Day and what it means for start-ups and SMEs","og_description":"New start-up businesses in the UK are as abundant as ever, but issues within society, climate change, and the cost of living have proven tricky obstacles to navigate.","og_url":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/","og_site_name":"Moore Thompson","article_published_time":"2023-04-27T14:56:31+00:00","article_modified_time":"2023-04-27T14:56:32+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred.png","type":"image\/png"}],"author":"admin","twitter_card":"summary_large_image","twitter_title":"Better Business Day and what it means for start-ups and SMEs","twitter_description":"New start-up businesses in the UK are as abundant as ever, but issues within society, climate change, and the cost of living have proven tricky obstacles to navigate.","twitter_image":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred.png","twitter_misc":{"Written by":"admin","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#article","isPartOf":{"@id":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/"},"author":{"name":"admin","@id":"https:\/\/www.moorethompson.co.uk\/blogs\/#\/schema\/person\/0d9cc808e7eb5eb75ce773e69c3d97fb"},"headline":"Better Business Day and what it means for start-ups and SMEs","datePublished":"2023-04-27T14:56:31+00:00","dateModified":"2023-04-27T14:56:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/"},"wordCount":379,"image":{"@id":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred-1024x576.png","articleSection":["Blog","SMEs \/ Business"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/","url":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/","name":"Better Business Day and what it means for start-ups and SMEs - Moore Thompson","isPartOf":{"@id":"https:\/\/www.moorethompson.co.uk\/blogs\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#primaryimage"},"image":{"@id":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred-1024x576.png","datePublished":"2023-04-27T14:56:31+00:00","dateModified":"2023-04-27T14:56:32+00:00","author":{"@id":"https:\/\/www.moorethompson.co.uk\/blogs\/#\/schema\/person\/0d9cc808e7eb5eb75ce773e69c3d97fb"},"breadcrumb":{"@id":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#primaryimage","url":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred.png","contentUrl":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-content\/uploads\/2023\/04\/Mark-Hildred.png","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/www.moorethompson.co.uk\/blogs\/better-business-day-and-what-it-means-for-start-ups-and-smes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.moorethompson.co.uk\/blogs\/"},{"@type":"ListItem","position":2,"name":"Better Business Day and what it means for start-ups and SMEs"}]},{"@type":"WebSite","@id":"https:\/\/www.moorethompson.co.uk\/blogs\/#website","url":"https:\/\/www.moorethompson.co.uk\/blogs\/","name":"Moore Thompson","description":"Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.moorethompson.co.uk\/blogs\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.moorethompson.co.uk\/blogs\/#\/schema\/person\/0d9cc808e7eb5eb75ce773e69c3d97fb","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.moorethompson.co.uk\/blogs\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d498d367d2804be15bc61803b6b418ff4e3a763854a712330b138d6e2af0153a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d498d367d2804be15bc61803b6b418ff4e3a763854a712330b138d6e2af0153a?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/www.moorethompson.co.uk\/blogs\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/posts\/19997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/comments?post=19997"}],"version-history":[{"count":1,"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/posts\/19997\/revisions"}],"predecessor-version":[{"id":19999,"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/posts\/19997\/revisions\/19999"}],"wp:attachment":[{"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/media?parent=19997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/categories?post=19997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moorethompson.co.uk\/blogs\/wp-json\/wp\/v2\/tags?post=19997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}