According to new research from reputation management company Igniyte, 52 per cent of those questioned have experienced a decline in business because of bad reviews and negative postings online over the last 12 months. A further one in five (21 per cent) are terrified further negative content could destroy them for good – up from one
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How much does two weeks of disruption cost a small business?
by Ben Lobel • • 0 Comments
The average cost of keeping a small business afloat while unable to trade for two weeks after a disruption is estimated to be £8,775, according to a study by small business insurer Direct Line for Business. Destroyed stock and delivery vehicles breaking down are just a couple of incidents that have been known to cause a
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Fastest business activity growth in England since January
by Ben Lobel • • 0 Comments
September also saw a further increase in employment in addition to business activity, according to the latest Lloyds Bank Regional PMI survey, though in most regions the rate of job creation remained slower than earlier in the year. The Lloyds Bank Regional PMI is based on responses from businesses in the manufacturing and service sectors
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Small businesses in financial distress as a result of National Living Wage
by Ben Lobel • • 0 Comments
According to research from insolvency firm Begbies Traynor, on October 1 2016 there were 97,342 businesses experiencing financial distress within the sectors most impacted by the National Living Wage; a 23 per cent increase compared to six months earlier when the regulation was first introduced (78,917 businesses as of April 1 2016). This figure includes 33,835 retailers,
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National Work Life Week: Employees consumed by stress
by Ben Lobel • • 0 Comments
The study by CV-Library, commissioned for National Work Life Week, finds that the majority of employees (57.4 per cent) believe that their manager does not offer support to help them manage stress at work. According to the research, bad management is the biggest cause of stress at work (65.8 per cent), followed by low morale within the workplace (38.1 per
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Is there a lack of support for SMEs from government?
by Ben Lobel • • 0 Comments
An international study published by specialist global insurer Hiscox reveals widespread dissatisfaction with government support for SMEs; in the UK the figure of entrepreneurs backing government policies has fallen from 45 per cent in 2015 to 35 per cent for the current year. The eighth annual Hiscox DNA of an Entrepreneur Report finds that more than half (51 per cent) of UK
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Construction sector urged to create more apprenticeships
by Ben Lobel • • 0 Comments
For one in six people (16 per cent), it took more than three weeks to find a suitable tradesperson, while 13 per cent say it took up to two weeks. Almost a quarter (24 per cent) had to search for a week to get someone on board, according to a study by IronmongeryDirect. Two thirds of respondents noticed a
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Smaller importers hit hardest by weak pound, study finds
by Ben Lobel • • 0 Comments
UK businesses that import either raw materials or finished goods have seen the prices they pay their foreign suppliers rise since the Brexit referendum on June 23rd, and the subsequent weak pound. But small and medium-sized enterprises (SMEs) have been hit hardest, with many having to curtail their imports in response to the spike in prices, according
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Vast majority of small businesses have experienced a data breach recently
by Ben Lobel • • 0 Comments
Companies in Denmark and the Netherlands have the next highest level of data breaches, at 94 per cent, according to a study by Lloyds of London. Italian firms fare best, with 80 per cent of companies experiencing a data breach. Despite these figures, the research also finds that only 42 per cent of companies are worried about
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Self-employed people are overworked and don’t take holiday
by Ben Lobel • • 0 Comments
In a poll of more than 500 freelancers and micro-business owners carried out by accounting software company FreeAgent, nearly a third of self-employed people (30 per cent) say they work more than 48 hours per week on their business, while 6 per cent admit that they spent more than 64 hours each week working. FreeAgent also finds that nearly
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