When small businesses become stable they should consider looking beyond their border to grow their business. Business growth is incredibly important and the lack of it can leave small businesses stagnant leading to failure. One way to grow a business is by taking it international and catering to customers across the world. It may seem daunting leaving the security of what you know, however, it can be a worthwhile challenge. There are multiple ways in which you can appeal to customers all over the world.
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EU
Small businesses are worryingly unprepared for the possibility of a no deal Brexit, research has found. The Federation of Small Businesses (FSB) looked into how small businesses were preparing for the possibility, and the findings show a chaotic picture of the post-Brexit UK. Over 1,200 businesses were part of this research that was carried out this month. The whole country is unsure of what is to come with a no deal Brexit, but small businesses need to have a contingency plan in place to avoid chaos.
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As the possibility of a no-deal Brexit deal increases, what would be the impact on our telecoms if it were to happen? Is it another cause for concern for small businesses or are there some potential benefits?
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GDPR has stirred a frenzy of preparation in the business community on a scale unseen since the millennium bug. With the spotlight thrust so firmly on GDPR, another cyber security legislation from the EU has slipped quietly under the radar. It’s called the NIS Directive, and it came into effect on May 9, 2018.
GDPR is approaching, prowling behind us, waiting. On May 25, 2018, it’ll pounce. Despite this looming deadline, 52% of companies still don’t feel ready, expecting to be fined for non-compliance.
With rising domestic costs, small businesses are really feeling the squeeze and are struggling to survive. In the latest Federation of Small Business (FSB) quarterly Small Business Index, it was found that a record number of businesses are planning to either downsize, sell or close their small business in the upcoming months.
Would you rather have one Lamborghini or three Ford Fiestas? It’s all about quality over quantity; a well known concept that can often be overlooked in sales and marketing. Here, Howard Williams from Parker Software explains why it is better to have a database of 100 high-quality leads, rather than thousands of dead ends, and how imminent changes to General Data Protection Regulations (GDPR) will help you achieve this clarity.
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The General Data Protection Regulation (GDPR) is the new regulation introduced by the European Union which will be effective as of May 2018. The idea behind the new regulation is to give the public control of their data, as well as encouraging businesses to be more proactive in protecting and handling data in a more secure way. Although, the date of the regulation going into effect is fast approaching; businesses are not prepared.
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GDPR is the new regulation that all business owners need to be aware of. So what exactly is GDPR and how will it effect business owners, from small businesses to bigger organisations? This introductory article on GDPR will prepare you for the upcoming regulation.
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