With the year coming to a close, it’s time to look back and reflect, as well as looking ahead. 2017 has been a great year for small businesses which have thrived and stood strong despite uncertainty bought on by Brexit. From the Autumn Budget being small business friendly, to the huge success of Small Business Saturday, small businesses can allow themselves to be optimistic about the upcoming year.
Providing the best customer service can almost always be a deciding factor of the success of your business. Building a client base that is loyal can really help your business thrive. Therefore, providing customer service should really be a prominent part of every business’ goals and objectives. Proving a good service means that you can bring the customers back as well as sending them away happy and satisfied.
In business we need to give successful presentations and pitches. I’ve realised through experience that focusing on content alone leads to failure. I’ve learned the hard way. Over the years I’ve given countless presentations to business audiences small and large and also spoken to ten thousand. As a result I now have my own methodology which I will outline for you here, writes Bret Freeman from Toastmasters International.
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The new Small Business Commissioner, Paul Uppal is driving the change that needs to take place, regarding small businesses being paid late. Larger businesses and companies unfair treatment of small businesses, and the culture that has become a norm can really have detrimental effect on small businesses. Therefore, when the Small Business Commissioner was appointed earlier this year, one of the major issues that he said he would deal with was the late payments problem.
Being a business owner and being your own boss can be a dream come true for many people. Breaking free from the shackles that can come from traditional jobs, can seem liberating. However, there are challenges that self-employed face, whether they are freelancers, entrepreneurs or small business owners. Running your own business can be very challenging as it will push you to your limits and force you to take control and display leadership.
The self-employment sector grows continuously in the UK. More and more people are taking the plunge of becoming their own boss and it’s not an easy decision to make. To leave the security of being an employee, which provides regular work and pay checks, it can be daunting. Being your own boss and running a business can be glamorised, but in reality it can be quite difficult.
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It’s difficult for small business owners to switch off, being a business owner means a huge work load that sometimes may seem never ending. Therefore, having a work/life balance is something that small business owners only aspire to have. It has become a culture in the UK to constantly be ‘on’, hence its not surprising that the UK’s workforce is crumbling under a digital overload, because they don’t get a chance to switch off.
Did you know that the power that comes out of your plug sockets and other outlets can vary in quality? It is true that there are strict rules governing the quality of power to ensure that individuals, businesses and organisations receive consistently high levels of power. However, sometimes errors can occur within systems that bring power quality down significantly. Multiple different power issues can end up costing your business money.
You’ve come up with that bullet-proof business idea. Numerous micro-pitches have been made over drinks. You’ve planned, plotted, dreamt, and now what? How do you translate your concept to money in the bank? Or, more importantly, how do you do it successfully? Informi give you an insight on how to get started and get prepared to climb the entrepreneurial ladder.
With a £250, 000 prize money for business investment up for grabs, as well as partnership with Lord Sugar, the Apprentice is a huge business opportunity for the candidates. With only one week left of the battle to win Lord Sugar over, the show is coming to a close. The two finalists have been revealed, James White and Sarah Lynn, despite one of them being fired from their previous job.
Running a business is no small feat, though with the right finances, support, and expertise, most challenges can be overcome. But while small and medium-sized enterprises (SMEs) owners might possess proficiency in their specialist field, how do they secure sufficient cash flow and support to setup a long-term and prosperous business model? These are the biggest challenges businesses faced in 2017 – but technology is making it easier to solve them.
Setting up a business venture is an exciting time. Armed with a solid business plan and the drive and determination to succeed, it’s time to see your ideas finally take shape. Whether your business is a local retail outlet, a graphic design consultancy or a mobile hairdresser, there’s a lot to think about and your start-up budget will be stretched every which way to get ready for launch.
One of the main balancing acts over the festive break is ensuring that as many staff as possible can have time off to enjoy Christmas and New Year with their families, whilst still maintaining customer service.
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As Brits, weather is not usually on our side. However, when you run a business and are faced with severe weather conditions such as several inches of snow, there are only certain things you can do. There are a few ways of mitigating the effects of bad weather on businesses, and of course they will vary. If you are a blogger, you might work from home and snow may have minimal effect on your day to day business. On the other hand, if you run a coffee shop on a high-street, then getting customers and staff through the door will pose a challenge.
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The end of the year is often a quiet time for non-retail focused companies, as staff and management look forward to Christmas and the New Year and begin to wind down in anticipation. This can mean that big decisions are left for January. By and large this makes sense; there’s little reason to institute changes which won’t really go into full effect until January or beyond.
Paternity leave is a hot topic in HR. This guide will help small business owners determine whether their employees are eligible for paternity leave, the statutory allowance and pay they are entitled to, as well as providing information on shared parental leave, extra pay or time off, and antenatal appointments. [continue reading…]
Over the last couple of years Instagram has become huge. Boasting 800 million active monthly users, it is the second most popular social media network, after Facebook. Instagram is already heavily utilised by businesses to attract new customers, clients and building connections, so small businesses definitely need to take note of this and get on Instagram as soon as possible to reap the benefits of their huge user base.
Twitter is one of the biggest social media platforms, competing with the likes of Instagram and Facebook. A presence on Twitter is essential for small businesses to have, and utilise, to extend the reach of their business. Twitter currently has 330 million monthly active users, that’s a huge pool of people to reach and share your business story with. From tweeting about current affairs to creating personalised hashtags, Twitter really does have something great to offer small businesses.
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Besides your usual marketing strategy, have you ever thought about alternative ways to drum up interest in your business? Holding a successful workshop to teach others your area of expertise could be just what you need to capture a new audience in your field, as well as meeting new people that could soon become colleagues.
Perhaps the greatest challenge facing any young tech company trying to grow its business, is to ensure that the enterprise is operating to the best of its ability – efficient, dynamic and prepared to make the most of market opportunities.
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