Stay with me on this one …
According to the World Bank’s latest Doing Business report, the UK ranks 8th amongst 189 countries for Ease of Doing Business. If it doesn’t feel easy sometimes, spare a thought for the Eritreans.
How easy is it to wrangle business regulations to the ground in each economy. As the World Bank says,
Doing Business measures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Doing Business also measures labor market regulation, which is not included in this year’s ranking.
Easy to do business with?
Other than being a detailed read, so what?
The World Bank’s report shows, at a country level, what happens when you focus attention on being easy to do business with – the same subject as yesterday’s post.
Doing Business shows the World Bank’s methodology, and details why they chose their ten indicators for “ease of doing business.”
If they can do it for economies, you can do it for your business.
Skippy Strategy: What are your top indicators? How about: speed of talking to the right human; time taken clicking about before I find the web page I’m looking for; number of unsolicited job applications that mention our values; new customers signed in past twelve months?
What will you do to improve?
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