Small businesses are the backbone of the economy employing 15.7 million people, that’s 60% of all private sector workers – that’s a huge number and we’re not just a nation of shopkeepers either. There are SMEs in all industry sectors and with an increase of 3% in sole traders, businesses are as varied as they are plentiful. 


But if you are your business then it can be tough – the decisions, the self-motivation, it can all take its toll. Which is exactly why Small business Saturday on the 3 December, exists. It’s a way of highlighting just how hard you work as well as promoting your skills – hosting workshops; getting the public to buy stuff from you and generally giving you a much needed pat on the back.

This will be the fourth Small business Saturday; last year saw £623 million spent with SMEs all over the country which was a 24% increase on 2014 before. Needless to say, organisers are hoping for something bigger and better this year.

So how exactly are event coordinators going to get the rest of us to part with our hard-earned cash? Well, there’s the Small Biz 100 which will highlight one small business every day for 100 days leading up to the main event. If you’re one of the chosen, then you’ll get social and local media coverage as well as have the opportunity to meet some bigwigs at Downing Street and the Treasury – best get that old suit dry cleaned then.

But that’s not all, there’s even a travelling bus that will host events, workshops and have space for businesses to exhibit their goods. The bus will be stopping at 29 different places so there’s lots of opportunity to get involved.

So why all the fuss – it’s just a load of old shops getting attention isn’t it? But small to medium sized enterprises are often at the heart of thriving communities – from family or independently run businesses to those that employ a couple of hundred local workers; SMEs are all about giving all of us choice.,

Of course, being an entrepreneur has its ups as well as downs. On the plus side, you’re the boss and no-one can tell you what to do (but they can try). On the downside, it can feel like everything’s on your shoulders and nobody’s got your back. Which is why making sure you’ve got the right business insurance in place is imperative.

But business insurance doesn’t stop at making sure your premises and stock are covered. If you provide professional advice, then consider professional indemnity insurance and if you employ any staff, you’ll need employers’ liability insurance by law. Business insurance might feel like an unnecessary luxury – but no matter how great your business plan, you can’t forecast the future. So, get some peace of mind and start comparing business insurance today.