Box clever and protect your intellectual capital
Large Businesses Are Exploiting Their Power
Small and medium businesses make up 90% of all enterprises globally, and produce 70% of all services and goods, yet, according to the World intellectual Property Organisation, many suffer from the bully-boy tactics of larger and more powerful businesses who are not averse to using their power and cash-flow to steal ideas and innovations.
This corporate skulduggery has been aided and abetted by the complex intellectual property regulations in the UK, which has pushed some small businesses to the wall.
Intellectual Capital Rules From Last Years Digital Opportunity Report
Things could be looking up, however, because the Government has decided to implement many of the recommendations made by Professor Ian Hargreaves in last year’s Digital Opportunity Report, as well as beginning to educate and advise SMEs about the rules of intellectual capital.
These include having regular audits to identify intellectual capital and the rights you think you have, and making sure that they are managed effectively. Not only can this protect your business but can also drive it forward by highlighting opportunities that otherwise may have gone unexplored.
Do You Need Help With Protecting Your Intellectual Capital?
Stonehouse Accountants operate in the Peterborough, Kettering, Corby and Market Harborough area, call us now if you’re looking to change accountant or need a new one. 01733 26588.