A third (30 per cent) of small business owners in the UK have had a health scare since starting their business – this amounts to a staggering 1.8 million SMEs, according to research from Ultimate Finance, which explores the pressure British SMEs are under in the UK. Almost three quarters (72 per cent) of business
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Tag Archive for Management
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Consumers looking for the perfect loyalty scheme – how to take advantage
by Owen Gough • • 0 Comments
Despite the highs and lows of loyalty programmes in the last decade, the majority of consumers still want retailers to offer reward schemes, research revealed today. The 2017 Holiday Retail Outlook Report by Conversant, Epsilon and LoyaltyOne shows almost three-quarters (72 per cent) of consumers are more likely to shop at a specific retailer if
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Brexit to revolutionise SMEs’ recruitment strategies
by Owen Gough • • 0 Comments
Half of SMEs (50 per cent) have changed their recruitment strategies as a result of Brexit, according to research from Albion Capital. The findings from the Albion Growth Report 2017 reveal that for businesses which have changed their strategy as a result of Brexit, 15 per cent have decreased recruitment resources, 10 per cent have
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Pointless and unproductive meetings cost SMEs £973,000 every year
by Owen Gough • • 0 Comments
Lack of lists, poor prioritisation, social distractions and not taking breaks are just some of the biggest time management mistakes that people make. However, one of the costliest is unproductive and pointless meetings. Data compiled by the team reveals that these are costing SMEs up to £973,000 every year! 139 pointless meetings attended every year
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Is flexible working more valuable to employees than a pay rise?
by Owen Gough • • 0 Comments
New research from HSBC highlights flexible and remote working practices are more likely to motivate staff and increase workplace productivity than financial incentives. Nine out of ten employees (89 per cent) claim that remote working is their number one motivator to boost their productivity at work, compared with 77 per cent of respondents who say
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The biggest cyber fears for financial and public sector in 2018
by Owen Gough • • 0 Comments
The financial services industry and public sector are aligned in their concerns about data and system security, with both citing a fear of harmful cyber threats emerging in 2018, according to a new study from digital workplace provider Invotra. The research, conducted among 504 senior IT managers working across public sector and financial organisations, finds
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Selling online: UK SMEs switch to digital sales in 2018
by Owen Gough • • 0 Comments
Nearly nine in ten small and medium sized enterprises (SMEs) expect to be selling online by the end of next year compared to 64 per cent of SMEs who say they sell online today, according to the Q4 2017 SME Growth Tracker, a report by Capital Economics commissioned by Amazon UK and Enterprise Nation. The
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Retailers may struggle to comply with impending accountancy rules
by Owen Gough • • 0 Comments
Britain’s retailers look set to emerge, counter-intuitively, as the most exposed to lease commitments, according to analysis by Aptitude Software. Aptitude Software estimates that 90 per cent of UK high street retailers will struggle to comply with the impending new lease accounting standards (IFRS 16) which come into effect in January 2019. This is in
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Late payments trend to get worse for UK SMEs
by Owen Gough • • 0 Comments
The culture of late payment to UK SMEs is undermining their growth and the value they bring to the UK economy. Findings from business finance company, MarketInvoice, reveals 62 per cent of invoices issued by UK SMEs in 2017 (worth over £21 billion) were paid late, up from 60 per cent in 2016. The average
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More than four in ten shoppers still faced with SME card surcharges
by Owen Gough • • 0 Comments
A month away from the UK ban on card payment surcharges (January 13, 2018), many small businesses and retailers are yet to drop a card processing surcharge, according to new research from card machine provider Paymentsense. Although the ban was widely announced over the summer, the study of over 1,000 consumers reveals that, nationally, 42
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