41% of Mexican SMEs trust their ability to continue operating during the next 12 months, reveals the new edition of Facebook’s Global Report on the State of Small Businesses.
Tag Archive for SMEs
Hot Business News Today
Nearly 17% of small businesses at risk of insolvency
by Timothy Adler • • 0 Comments
By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs
Nearly 17 per cent of small and medium-sized businesses in the UK are at risk of insolvency in the next four years as financial support from the Government winds down, says research.
Euler Hermes, the trade credit insurer, has found that Britain’s small businesses are in a more vulnerable situation than their counterparts in France and Germany.
Only 7 per cent of SMEs in Germany are at risk of failure within four years, and 13 per cent in France.
>See also: Swap Bounce Back debt for employee equity, say industry experts
Euler Hermes investigated insolvency risk across 525,000 small businesses across Europe.
The trade credit insurer said that manufacturers and suppliers to the car industry ranked among the most vulnerable, with more than 33 per cent in the sector exposed to the risk of insolvency. About 25 per cent of those in the energy sector and 20 per cent in construction were said to be at risk.
British business failures remained low during the pandemic, thanks to unprecedented Government support, as well as measures to protect companies from insolvency, but distress is expected to rise as the economy reopens, support is
Hot Business News Today
Nearly 17% of small businesses at risk of insolvency
by Timothy Adler • • 0 Comments
By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs
Nearly 17 per cent of small and medium-sized businesses in the UK are at risk of insolvency in the next four years as financial support from the Government winds down, says research.
Euler Hermes, the trade credit insurer, has found that Britain’s small businesses are in a more vulnerable situation than their counterparts in France and Germany.
Only 7 per cent of SMEs in Germany are at risk of failure within four years, and 13 per cent in France.
>See also: Swap Bounce Back debt for employee equity, say industry experts
Euler Hermes investigated insolvency risk across 525,000 small businesses across Europe.
The trade credit insurer said that manufacturers and suppliers to the car industry ranked among the most vulnerable, with more than 33 per cent in the sector exposed to the risk of insolvency. About 25 per cent of those in the energy sector and 20 per cent in construction were said to be at risk.
British business failures remained low during the pandemic, thanks to unprecedented Government support, as well as measures to protect companies from insolvency, but distress is expected to rise as the economy reopens, support is
Hot Business News Today
Average small business makes £300,000 on Amazon
by Timothy Adler • • 0 Comments
By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs
In total, UK small businesses sold 750m products through Amazon last year, up by more than one third.
The number of small businesses selling through Amazon increased by 20 per cent to 65,000, as people shopped online during pandemic lockdowns.
>See also: As predicted, Amazon passes on 2% sales tax onto small businesses
Indeed, more that 1,000 UK businesses reached £1m in sales selling through Amazon last year.
And another 14,000 SMEs generated more than £100,000 worth of sales through the internet giant.
Amazon announced that around 60 per cent of all physical product sales on its UK store were from independent sellers, most of whom were SMEs.
And those small businesses have created 175,000 jobs across the UK fulfilling those Amazon sales.
Some 40 per cent of small businesses selling on Amazon were based in London and the southeast of England, and the five most popular product lines according to the 2021 UK SME Community Report included homewares, health, toys, clothes and beauty.
Exporters also thrived on the platform, Amazon said, seeing their collective overseas revenues rise by 27 per cent to £3.5bn.
Around 30,000 UK firms pay for Amazon’s fulfilment service, where
Hot Business News Today
Future of small business is local, personal and about data
by Timothy Adler • • 0 Comments
By Timothy Adler on Small Business – Advice and Ideas for UK Small Businesses and SMEs
The future of small business is local, personal and all about data, according to futurist Andrew Grill.
Grill, whose clients include Nike, Nestle and the British government, says: “It’s about being local – harnessing the power of the community – understanding the power of data, and personalisation, making things individual or even just redecorating your home.
“If you can get those three things right, there’s a lot of opportunity for a lot of small businesses.”
>See also: Brexit puts more than third of UK small businesses at risk of closure
The good news is that there may never be a better time to run a small business.
According to a Vistaprint survey, over two thirds of Brits say the Covid-19 pandemic has shown them how important small businesses are to our society.
Forty-one per cent of those surveyed said they would even pay more for coffee or lunch if it meant supporting a small business. And 63 per cent said that was to help the local economy.
Grill, a former IBM Global managing partner turned in-demand futurologist, says that the pandemic had accelerated trends by between two and three years.
>See also: Leading
Hot Business News Today
Future of small business is local, personal and about data
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
The future of small business is local, personal and all about data, according to futurist Andrew Grill.
Grill, whose clients include Nike, Nestle and the British government, says: “It’s about being local – harnessing the power of the community – understanding the power of data, and personalisation, making things individual or even just redecorating your home.
“If you can get those three things right, there’s a lot of opportunity for a lot of small businesses.”
>See also: Brexit puts more than third of UK small businesses at risk of closure
The good news is that there may never be a better time to run a small business.
According to a Vistaprint survey, over two thirds of Brits say the Covid-19 pandemic has shown them how important small businesses are to our society.
Forty-one per cent of those surveyed said they would even pay more for coffee or lunch if it meant supporting a small business. And 63 per cent said that was to help the local economy.
Grill, a former IBM Global managing partner turned in-demand futurologist, says that the pandemic had accelerated trends by between two and three years.
>See also: Leading creatives call for tax on tech devices to
Hot Business News Today
Average small business made £300,000 selling on Amazon last year
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
The average small business selling through Amazon made £300,000 in 2020, an increase of 50 per cent year on year.
In total, UK small businesses sold 750m products through Amazon last year, up by more than one third.
The number of small businesses selling through Amazon increased by 20 per cent to 65,000, as people shopped online during pandemic lockdowns.
>See also: As predicted, Amazon passes on 2% sales tax onto small businesses
Indeed, more that 1,000 UK businesses reached £1m in sales selling through Amazon last year.
And another 14,000 SMEs generated more than £100,000 worth of sales through the internet giant.
Amazon announced that around 60 per cent of all physical product sales on its UK store were from independent sellers, most of whom were SMEs.
And those small businesses have created 175,000 jobs across the UK fulfilling those Amazon sales.
Some 40 per cent of small businesses selling on Amazon were based in London and the southeast of England, and the five most popular product lines according to the 2021 UK SME Community Report included homewares, health, toys, clothes and beauty.
Exporters also thrived on the platform, Amazon said, seeing their collective overseas revenues rise by 27 per cent
Hot Business News Today
Average small business made £300,000 selling on Amazon last year
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
The average small business selling through Amazon made £300,000 in 2020, an increase of 50 per cent year on year.
In total, UK small businesses sold 750m products through Amazon last year, up by more than one third.
The number of small businesses selling through Amazon increased by 20 per cent to 65,000, as people shopped online during pandemic lockdowns.
>See also: As predicted, Amazon passes on 2% sales tax onto small businesses
Indeed, more that 1,000 UK businesses reached £1m in sales selling through Amazon last year.
And another 14,000 SMEs generated more than £100,000 worth of sales through the internet giant.
Amazon announced that around 60 per cent of all physical product sales on its UK store were from independent sellers, most of whom were SMEs.
And those small businesses have created 175,000 jobs across the UK fulfilling those Amazon sales.
Some 40 per cent of small businesses selling on Amazon were based in London and the southeast of England, and the five most popular product lines according to the 2021 UK SME Community Report included homewares, health, toys, clothes and beauty.
Exporters also thrived on the platform, Amazon said, seeing their collective overseas revenues rise by 27 per cent
Hot Business News Today
How have SMEs fared during the economic reactivation?
by Asociación de Emprendedores de México • • 0 Comments
The main causes of failure include a lack of knowledge in the market, poor business management and problems in obtaining financing.
Hot Business News Today
This is how Microsoft wants to support Mexican SMEs in their recovery and growth
by Entrepreneur en Español • • 0 Comments
The firm will provide advice to business owners on how they can improve their operation in a technological way.