Limited company contractors are shaping the future of business

A lot of the major innovations that are shaping global enterprise are being driven by the SME market rather than corporates, according to Index B, the business intelligence providers.

In its report 'Ones to Watch', Index B explains that one-man bands used to be derided as frivolous ventures and yet we now have more entrepreneurs owning multiple businesses. Easy to deploy technology helps them extend their influence and their use of more sophisticated tools means they can manage professional relationships more competently than a lot of major corporations.

Innovative SMEs are driving the trends of the future and yet government seems to focus on providing incentives and subsidies to help the big corporations.

Robert Trapp, the co-author of the report, said smaller enterprises are at the forefront of behavioural change. We hear a lot about London's Silicon Roundabout, but it personifies the spirit of the UK's tech-savvy entrepreneurs and will be prove to be a massive asset for the country's economy.

However, he went on to say that government policy has to shift away from handing out billions of pounds in subsidies to encourage large organisations to create jobs. Innovation and employment now comes from freelancers and smaller businesses.

As well as one-man enterprises, the report also says the Internet, mobile commerce, sustainability, new capitalism and community models are the major trends shaping businesses today.

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