[ad_1] London’s SMEs are allocating over half of their annual income to expertise investments, in line with a Barclays report. Within the capital, 64 per cent of SMEs are turning to expertise investments to extend productiveness and 43 per cent are doing so to future-proof their firm, the report claimed. That is in comparison with 45 per cent of SMEs UK-wide. The info revealed London firms are directing 54 per cent of their annual income on common to expertise investments, akin to knowledge analytics and synthetic intelligence instruments, in a bid to extend productiveness. The retail sector noticed the largest take-up…
Author: Dom Walbanke
[ad_1] Electrical energy payments have definitely left their mark on UK small companies this yr. A lot so, that in April the federal government launched an power effectivity marketing campaign to assist drive down the power prices small companies had been having to pay following a hike in prices. Then, in Could, the FSB urged power corporations to renegotiate mounted time period contracts with small companies after it was discovered as much as 1 million UK small companies had been paying inflated charges after renewing mounted long-term contracts when wholesale costs peaked final yr. In any case, electrical energy is…
[ad_1] What’s employers’ legal responsibility insurance coverage? Employers’ legal responsibility (EL) insurance coverage is obligatory insurance coverage for many employers within the UK (underneath the Employers’ Legal responsibility Act 1969). It’s to cowl damage or illness to an worker on account of office circumstances. The insurance coverage covers compensation and authorized charges for each worker, whether or not they’re full or part-time, working from dwelling or quickly. The underside line is that if they’re working for you in some capability, you’re required by legislation to cowl them. You will have to buy employers’ legal responsibility insurance coverage as quickly…
[ad_1] Steven Bartlett has shared his top-five ideas 4 constructing a successful crew. Talking at YuLife’s workplaces in central London, the Dragons’ Den star spoke to a small viewers within the insurance coverage start-up’s vibrant workplaces, accompanied by a stand-in for his not too long ago marketed around-the-clock videographer, filming for an upcoming fly-on-the-wall TV present concerning the investor’s life. See additionally: Inexperienced enterprise ideas from Deborah Meaden Steven Bartlett on how you can construct a successful crew Listed below are the important thing takeaways from the social media entrepreneur and angel investor’s speak. #1 – Implement the proper tradition…
[ad_1] What does it imply to be a “good” enterprise? That was the query posed by entrepreneur and enterprise guru Jeannette Pearce MBE earlier than Deborah Meaden took the stage to debate inexperienced enterprise on the SME XPO in London. Profitability? Sustainability? For serial entrepreneur Pearce, it’s about giving as you are taking. You could change into philanthropic in the event you make it large, however what’s to cease you giving as you develop? Doesn’t doing good make you good? “Discover your good,” she urged the group of small enterprise founders. No matter which may be. When Deborah Meaden stepped…
[ad_1] Firm vehicles could be a win for each employers and staff. Employers can tempt in expertise with the perk that tops up model picture, whereas staff get a brand new automobile they’ll additionally utilise for private use. Gross sales for firm vehicles are persevering with to speed up again nearly to pre-pandemic ranges however there’s a giant distinction between at times. Firm vehicles have gone inexperienced. Within the first half of 2022, 20 per cent of automobile leases had been all-electric vehicles – a 1575 per cent enhance on 2018. Within the tax yr ending 2021, simply 2 per…
[ad_1] Grants particular to photo voltaic panel use are few and much between. Nevertheless, as a part of the Authorities’s pledge to achieve net-zero by 2050, virtually £5bn has been put apart to assist UK companies turn out to be greener. There are grants and subsidies to assist companies make their present vitality utilization extra environment friendly, in addition to for warmth pump set up, the removing of greenhouse gases and far more. Obtainable grants are always up to date, so maintain an eye fixed out for one which applies to your small business wants on the gov.uk web page,…
[ad_1] Some industries usually tend to profit from well being and security grants than others as a result of nature of danger concerned. Take marine-based companies, for instance. There may be funding obtainable by way of the Fisheries and Seafood Scheme for measures together with bettering the well being and security on board vessels. This covers security gear, hygiene enhancements and crew working circumstances to cut back the danger of occupational accidents. The development trade has many well being and security rules and may nonetheless be a harmful trade to ply your commerce in, so it involves no shock there…
[ad_1] Do a fast Google search of dropshipping and it seems to be the final word get-rich-quick enterprise, the place you can begin to make passive revenue whereas wrapped up in your sheets loud night breathing. What’s dropshipping? However what precisely is dropshipping? How do you begin a dropshipping enterprise and is all of it it’s cracked as much as be? (And as straightforward because it’s made out to be?). Dropshipping primarily entails advertising and marketing and promoting a product by yourself web site with out having to organise the fulfilment and supply to the shopper. Say you might have…
[ad_1] It was one other torrid yr for the UK’s excessive streets because the variety of retailers closing hit a five-year excessive in 2022. A complete of 17,000 shops slammed down their shutters for good over the 12-month interval, in keeping with the Centre for Retail Analysis (CRR) – a 50 per cent enhance on 2021’s determine through the pandemic. The UK at present has 423,690 shops in complete, together with vacant and to-let premises.The closures resulted in over 151,000 retail job losses, a rise from over 105,000 in 2021. Analysis from funding agency Investec additionally discovered SMEs are counting…