Small Business Saturday highlights importance of small, independent businesses

The transcript discusses various aspects of small business operations, including a business model where shop space is rented out for a percentage of sales. It highlights government plans to review business rates and extend funding for small businesses. The challenges faced by small businesses due to high business rates are explored, along with encouragement for entrepreneurship and self-employment. Political proposals to reduce business rates are mentioned, as well as initiatives like Small Business Saturday and lending schemes. The transcript concludes with a focus on seasonal business opportunities during the holiday season.

What percentage of sales does the shop owner take from the rented space?

• 25%

• 17%

• 30%

• 10%

What is the annual business rate paid by Kate?

• £5000

• £6000

• £7000

• £8000

What is the initial amount Eve used to set up her business?

• £50

• £100

• £200

• £150

What is the proposed year for freezing business rates after the initial cut?

• 2015

• 2018

• 2016

• 2017

How much did the Funding for Lending scheme fall by during the three months to the end of September?

• £100 million

• £140 million

• £130 million

• £120 million