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Monthly Archives: March 2020
Hot Business News Today
Wales announces £500m Economic Resilience Fund
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
The Welsh government has announced a £500m Economic Resilience Fund, partly to help small businesses blighted by coronavirus.
The Economic Resilience Fund aims to plug gaps in the support schemes already announced by the UK government, including the Job Retention Scheme and the Self-Employed Income Support Scheme, which will guarantee 80 per cent of people’s wages and income.
>See also: How to get the government’s £10,000 cash grant for small businesses
The new £500m Economic Resilience Fund will support firms of all sizes, including social enterprises, with a focus on those which have not already benefited from the coronavirus business grants already announced by Welsh government.
The £500m Economic Resilience Fund is made up of two main elements:
A new £100m Development Bank of Wales fund will be available for companies experiencing cash flow problems as a result of the pandemic and will provide loans of between £5,000 and £250,000 at favourable interest rates
Businesses will also be able to benefit from a £400m emergency pot providing:
– Grants of £10,000 for micro-businesses employing up to nine people. This includes sole traders employing staff. Qualifying businesses will be able to apply by mid-April
– Grants of up to £100,000 for small
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Crimcheck CEO Tom Shieh on the Importance of Being the Chief 'Empowerment' Officer
by The Oracles • • 0 Comments
Hot Business News Today
Compiling Your Brainstorming Results into Real Business Names
by Brad Flowers • • 0 Comments
Here’s one way to take all your business name ideas and narrow your options to something workable.
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The 4 Pillars of Employee Appreciation
by Ben Erwin • • 0 Comments
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For International Dominatrix Mistress Eva Oh, Business Is Booming
by Kenny Herzog • • 0 Comments
The multimedia entrepreneur was ahead of the curve, and now virtual customers are clamoring for her services during lockdown.
Hot Business News Today
Short-time working and lay-offs – what’s the difference?
by James Simpson • • 0 Comments
Originally written by James Simpson on Small Business
As Covid-19 continues to spread across the UK, many firms have seen an extreme reduction in business. Social distancing measures introduced by the government may cause a decline in sales, as well as employees choosing to self-isolate, therefore slowing production.
To try and soften the impact, businesses are having to make the decision to let employees work from home or requiring them to take annual leave.
Badly affected businesses, however, may need to take further steps, such as reducing work hours or staff numbers.
To ensure your business stays compliant, here are some steps you need to make:
Look at your options
When deciding between short-time working and lay-offs, it’s crucial that you understand the difference between both, and what they could mean for your business and staff. “Short-time working” is when employees are provided with less work and less pay for a short period. “Lay-offs” are when employees are not provided with any work or pay for a short period, but are kept on as employees.
These are both temporary cost-cutting measures you may use when there is not enough work to go around. Short-time working and lay-offs can help you avoid dismissals or permanent redundancies, while reducing
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8 of the best workflow management systems for UK businesses
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
As more businesses have their employees working from home, productivity is an understandable concern – this is where a workflow management system can come in handy.
We’ll run you through what a workflow management system actually is, some terms you might not be familiar with and then do a comparison of a selection of the best platforms for the UK small-to-medium sized business.
What is a workflow management system?
A workflow management system is a programme that allows you to manage your team’s tasks for maximum workflow efficiency. You can track your employees’ progress through maps, boards and automated processes.
Workflow management systems are typically available on all devices so you can switch between mobile and desktop, checking off tasks on the go.
For an extra element of communication, most platforms have capabilities like emails or instant messenger which allow you to send files and share images.
Plus, to keep on top of how everyone’s doing, many workflow management systems produce data reports and analytics. They’ll tell you who started a task, how long it took and whether they met deadline.
Integrate platforms like these with other apps so you’ve got easy access to Microsoft Office, G Suite, Slack, Paypal
Hot Business News Today
5 Jobs Where You Can Earn $45 an Hour From Home
by Editor • • 0 Comments
So, you’re thinking of working from home, but you don’t want (or can’t afford) to take a pay cut. You have bills to pay, and although you’d love more flexibility, you don’t want to struggle financially. I get it; it’s a big decision and a risky one at that – particularly if you have a […]
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