Finding funding is one of the biggest obstacles that small business owners face when first starting. Often, the challenge of raising money can seem impossible. 29% of small business owners say that starting a business has been more expensive than they thought it would be, while 30% say that having very little money [...]
Many business owners dread having to deal with workplace conflicts. Whether this is unhappy relationships between workers or disputes between managers and employees, you must deal with this quickly and effectively, or you may continue to see disruption in your office. HR policies are the basis for successfully navigating conflict in [...]
Every small business owner’s aim is to make a profit. When this profit arrives and the business grows, the complexity of the business can also grow and with this complexity operational and financial risk also increases. When this happens you may decide it’s time to change your trading status from a [...]
It’s a tough time to be a small business. Along with rising interest rates and spiralling costs for energy and materials, companies must also consider how to tempt customers to part with their hard-earned money during considerable inflation. With your business finances feeling the strain, you might be tempted to find [...]
The Help to Grow scheme is a government subsidised scheme that has been in place since 2021. It aims to help SMEs boost productivity by providing management and technology advice to business leaders. Sounds good, right? Well, not many businesses think so. Since its launch, just 2,500 small businesses have signed [...]
For a business to be successful, it needs to be efficient. In the long run, wasted time and money can be a significant problem, reducing your ability to grow and serve customers best. However, there are many ways to improve efficiency, and what works for some business models may not work [...]
Inflation fears stopping a third starting business With inflation fears growing, more entrepreneurs are concerned about starting their small businesses at this time. Research has shown that out of 2,000 entrepreneurs, 23% are delaying starting their business due to a possible recession. To be successful, business owners have had to upskill, [...]
The number of job vacancies in the UK rose throughout 2022, reaching a record 1.3 million in May. With far more job ads than candidates, it’s a tough time to be hiring for your company. However, there are ways you can increase your chances of attracting a stand-out candidate to your [...]
Boris Johnson resigns as Conservative leader Following several resignations from his own party, and amid mounting pressure for him to resign, Boris Johnson yesterday announced his exit from Downing Street and officially stepped down as Conservative Leader after 3 years in the role. It is expected that a new prime minister [...]
As a small business, getting your name out there is the only way you’re going to grow. Marketing allows you to build a consumer base, establish brand recognition, and ultimately sell more of your products or services. There are many ways to market your business in the 21st century; here are [...]
