Monthly Archives: August 2020

Hot Business News Today

Avoid multitasking to improve your productivity – infographic

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Originally written by Partner Content on Small Business
As a small business owner, you will always have far more to do than time to do it. From managing your marketing to taking care of staff and balancing the books, there’s a lot to take on and you’ve likely found yourself wishing for more hours in the day.
In fact, our recent research found that 26 per cent* of small business owners said a major cause of stress was juggling business and personal commitments and 24 per cent* said time pressures caused them stress.
The answer does not sit in working longer hours or trying to squeeze more into your day, it’s all around identifying what drives your busyness and what steps you can take to reduce this and remain focused while still looking after your wellbeing.
One of these steps, and the focus of our latest infographic below, is to work smarter and avoid the temptation to multitask. The infographic shares some interesting statistics and tips when it comes to keeping focused, avoiding distractions and learning how to manage your email inbox. With 21%* of small business owners reporting that staying on top of business admin is one of the main factors that causes

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Hot Business News Today

Business Banking Resolution Service opens doors in November

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Originally written by Timothy Adler on Small Business
Businesses that feel they have been unfairly treated by the banks will have somewhere new to turn to from November.
Business Banking Resolution Service (BBRS) will open its doors to complaints from unhappy business banking customers from mid-November.
The dispute resolution service will adjudicate in arguments between banks and unhappy SME borrowers and means that businesses do not have to resort to expensive and risky litigation.
>See also: Nearly half of small businesses do not intend to repay government loans
However, the Business Banking Resolution Service will only be open to larger SMEs with turnover in excess of £6.5m a year and with assets of £7.5m on their books.
Microbusiness complaints will continue to be handled by the Financial Ombudsman Service (FOS), particularly any disputes over bounce back loans.
BBRS has come into existence following widely publicised unhappiness from SMEs about how they were treated after the 2008 financial crisis, often with loans being unfairly called in without warning.
Following pressure from MPs, especially the All Party Parliamentary Group on Fair Business Banking (APPG), a working group with representatives from the SME Alliance, Federation of Small Business and others, set out plans for an impartial ombudsman.
>See also: Half of small

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