The long awaited passing of the European Commission's Small Business Act (SBA) has been met with disappointment by groups representing entrepreneurs across Europe.
Underpinned by the principle 'Think Small First', the commission trumpeted Wednesday's introduction of the legislation as a "crucial milestone" which will slash red tape, make public authorities more responsive, drive up access to finance and boost training and innovation.
Alongside initiatives aimed at making it easier to set up a company in different member states and measures to tackle late payment, commissioners promised to cut administrative burdens by 25% over the next four years.
Join our social media discussion group and share your Twitter username with other BusinessZone members. 
We're putting together a list of business owners' must-haves. 
Dragons' Den judges James Caan and Deborah Meaden and social entrepreneur Karen Darby are some of the successful entrepreneurs who feature in our exclusive videos.