Four out of five Brits have the confidence and the drive to start up their own business, but financial risks (54 per cent) and fear of failure (40 per cent) are holding them back, according to a new study commissioned by self storage provider Space Station. The survey of 1,000 aspiring entrepreneurs has revealed that the prospect of
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Red tape seen as top barrier to entrepreneurship, says new report
by Owen Gough • • 0 Comments
New YouGov research commissioned by wealth manager Kleinwort Hambros, looking at barriers to entry for UK entrepreneurs, finds that ‘too much red tape’ was top of the list, with 46 per cent of entrepreneurs identifying it as their main concern. Red tape is an issue particularly important in the financial services and manufacturing sectors, with respectively 65 per
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Modern CFOs are driving customer experience with data
by Owen Gough • • 0 Comments
New data uncovers the changing role finance leaders play in stewarding their organisation’s customer experience, a mandate traditionally viewed as one of the chief marketing officer, thanks to Dun & Bradstreet. Because positive business results are often fuelled by great customer experiences, chief financial officers are increasingly using data and analytics to become customer-obsessed to ensure
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SMEs have no idea how much money they’re losing due to lost customers
by Owen Gough • • 0 Comments
GI Insight and YouGov’s research reveals that the large majority of challenger brands and SMEs do not know how many customers they lost in the last financial year. This is a significant issue for SMEs when a five per cent increase in customer retention rates is estimated to equate to approximately 25 per cent increase in profit.
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Employee IT behaviour highlights GDPR compliance risk
by Owen Gough • • 0 Comments
A large number of the UK’s 2.55 million businesses are at risk of huge financial penalties, as employees ignore company policies around confidential data. Research from Sharp has identified that one in 12 office workers (eight per cent) has had access to confidential information that they should not have had, and nearly a quarter (24 per cent)
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FTSE 100 companies keeping robot plans under wraps
by Owen Gough • • 0 Comments
Despite robot workers and automation being at the forefront of many business conversations over the last 12 months, research by Redwood Software suggests that companies are not yet willing to reveal their plans. Of the listed organisations, eight of them mention robotics in their most recent annual report, with just two including detailed references to both
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All work and no play – Small business managers don’t go on holiday
by Owen Gough • • 0 Comments
Bosses in more than half (52 per cent) of all small businesses – representing 2.86 million firms in the UK say they only took five days holiday or less during all of last year, with a fifth (21 per cent) not taking any days off at all, according to the Aldermore SME Future Attitudes report. Trying to
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Mind the (breach) gap: Businesses confident on their cyber security
by Owen Gough • • 0 Comments
Despite the increasing number of data breaches and nearly 1.4 billion data records being lost or stolen in 2016, the vast majority of IT professionals still believe perimeter security is effective at keeping unauthorised users out of their networks. However, companies are under investing in technology that adequately protects their business, according to the findings
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UK SME staff working one additional unpaid day every week
by Owen Gough • • 0 Comments
Employees of UK small businesses are working an average of eight extra hours unpaid every week at work and home – worth £1.6 billion to the UK’s SMEs – according to new research from Paymentsense. Worryingly, 16 per cent of those surveyed work even more hours, with younger workers (aged 18-24) averaging 11 extra unpaid hours
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One in three UK employees are working with anxiety, depression or stress
by Owen Gough • • 0 Comments
A third of the UK workforce (34 per cent) may have a health and wellbeing issue, with the most common being anxiety, depression and stress, according to a new PwC study. PwC surveyed 2,000 workers across the UK, from junior level through to managing directors, about their health and wellbeing at work. Nearly a quarter (23 per
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