Monthly Archives: July 2020

3 Strategies For Business Communication During Crisis

by Pritom Das • July 1, 2020 • 0 Comments

Business communication has always been important, but it is doubly important in crises.

Are You Ready to Start With Paid Media? Here's What You Need to Know.

by Entrepreneur NEXT • July 1, 2020 • 0 Comments

When it comes to reaching new customers, an excellent paid media strategy starts with setting goals. If you don’t know where you’re headed, how do you know where to go?

How to Provide Investor Updates the Right Way

by Alex Gold • July 1, 2020 • 0 Comments

Here are some tips for simplifying this process and keeping everyone that matters in the know.

Pay us within one month if you take COVID-19 cash, say small businesses

by Anna Jordan • July 1, 2020 • 0 Comments

Originally written by Anna Jordan on Small Business
The Federation of Small Businesses (FSB) wants policymakers to ensure that large firms who receive Government COVID-19 financial help pay their small firm suppliers within one month.
As part of its current calls, the FSB wants to make any big corporation that receives state or Bank of England-backed finance to sign a supplier charter committing to this payment term.
It also wants it to work with the BoE to shore up supply chain finance and ensure said finance is used to pay small businesses swiftly.
The latest data from pay.uk shows that the latest sum of late payment due across the country rose 80 per cent to £23.4bn at the end of 2019.
Almost two thirds of small businesses (62 per cent) have been subject to late or frozen payments during the pandemic.
FSB’s new report, ‘Late Again: how the coronavirus pandemic is impacting payment terms for small firms’, reveals that only one in ten small business have agreed changes to payment terms with clients. That means that most of the recent examples of poor payment practices have not been formally signed off by creditors or debtors.
Despite efforts by the Government to improve procurement practices since the fall

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4 lessons from Germany on how British SMEs can thrive post lockdown

by Sam Rucker • July 1, 2020 • 0 Comments

Originally written by Sam Rucker on Small Business
As lockdown eases, changes in how we do business have only just begun. One country that might be able to provide valuable insight for SMEs is Germany. Having begun lockdown easing back in April, it is already dealing with the next economic phase that small businesses in the UK will have to adapt to.
Our recent study involving SMEs in Germany reveals what Britain’s economic future might look like, and some best practices for how small UK businesses can face it head on.
Here are 4 lessons from Germany on how British SMEs can thrive post lockdown:
Re-imagine customer journeys to capture support
One silver lining to this dark cloud is the community support SMEs are currently experiencing: Pinterest, for example, recorded an increase of 351 per cent in support of small businesses.
To capitalise on that support, German respondents to the June Vimcar survey recommended ways to remodel customer journeys:
– Use social media
With people craving social interaction more than ever, social media usage has seen a 40 per cent increase. As a result, many German SMEs are feeding into #supportyourlocals and #nowopen threads.
UK businesses can also take advantage of this social media uplift and use the free