Monthly Archives: December 2020

Hot Business News Today

Your guide to Peer Networks

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Originally written by Partner Content on Small Business
The UK has led the way when it comes to SME businesses innovating and collaborating as they seek to scale and grow.
During uncertain economic conditions it is more important than ever for SMEs to work together through their challenges to learn, share and collectively find solutions that can have long-term impact both on their business and the economy.
At times of uncertainty, business owners should not feel they are on their own and by working with like-minded people who know business best, other business leaders, they can ensure they are getting the right support and solutions to prepare them for future growth.
To do this, the government backed Peer Networks has been developed to support businesses in England.
The programme has been created with SMEs in mind and will be delivered by local Growth Hubs, who understand the local business landscape.
How does Peer Networks work?
The programme will see the creation of a series of Peer Networks (cohorts) through the Growth Hub network, with each group consisting of between eight and 11 owners or managers from the SME business community participating in each network.
Led by a professional facilitator, there is no cost to join Peer Networks. Sessions

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Hot Business News Today

The seven key business growth drivers

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Originally written by Lynn Rattigan on Small Business
Since the emergence of COVID-19, SMEs have undergone a rapid evolution with priorities shifting overnight and changes made to how they conduct business.
For some, this has been an opportunity to reassess business models and operational costs, diversify offerings and find new ways of delivering the same services. Despite the challenges of this year and uncertainty over the future UK-EU trading relationship, SMEs continue to demonstrate their ability to respond in agile ways. Many entrepreneurial businesses remain cautiously optimistic about how they’ve been able to pivot.
Amid disruption to the economy, there are key growth drivers that can help entrepreneurs and SMEs maintain their ambitions and protect growth plans. These drivers can help aspiring companies think differently about their businesses and successfully execute their growth strategy over the long-term. These drivers are: the customer, people, technology, operations, finance, transactions and risk.
Our research has found that focusing on each one can help business leaders assess where they are today and plan the right path to accelerate growth. The most successful companies tend to keep in mind their mid- to long-term priorities, and they continue to invest in areas such new talent, which they know will be

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