The Good Small Business Awards (links to LinkedIn)
What GOOD practice are you championing this month?
The Good Business Charter is championing responsible business practices in their Good Business Fortnight campaign. This series highlights a different topic everyday for businesses to get inspired to develop the good way to nurture both people and the planet. Did you know 97% of people think it’s important for businesses to act responsibly?
Jump onboard the campaign today to show your customers the good things you do and engage with businesses to be savvy about truly making a positive difference for a better world.
Nothing like walking the walk, so we had a discussion about IP protection with Clive Bonny, (Strategic Management Partners), Finalist in Visionary Leadership The Good Small Business Awards 2023.
Our discussion revealed that small businesses are highly exposed to IP infringement which is reflected in legal cases. It is even more concerning that the average cost of an IP infringement case for a small businesses is £150k. Yes! That figure is not a mistake.
How does a small business manage IP affordably to act responsibly? A powerful initial step to responsibly stabilise your business is to register your trademark.
To act responsibly, take one small action to futureproof your business with the fundamentals in compliance and protection.
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e Bonny Sustaining enterprise growth with stakeholder partnering, ESG environment social governance standards, IP protection and access to finance
Thank you Claire for highlighting this risk. Costs are not only related to legal fees but also in rebranding and reputation loss