Sales velocity is a critical metric in today’s business landscape, serving as a barometer for how efficiently a company’s sales team is converting opportunities into revenue. In this competitive era, understanding and harnessing the power of sales velocity is paramount for sustained growth and profitability. This article delves into the intricacies of sales velocity, offering…
Establishing a strong brand identity is crucial for the success of small businesses in the UK. Your brand is not just a logo or a catchy slogan; it’s the personality and essence of your business. It’s what sets you apart from your competitors and creates a lasting impression on your customers. This article will guide…
The Confederation of British Industry (CBI) risks financial oblivion unless it can convince its remaining members to stump up £3m within the next few days, according to reports. The scandal-hit business lobby group is in a race against time to stave off collapse, even as rival organisations jockey for position to replace it as the…
TikTok has been fined 345 million euro (£296 million) by Ireland’s data watchdog following an investigation into how the social media platform processed children’s data. The fine was imposed on TikTok Technology Limited (TTL) by the Data Protection Commission (DPC) after the probe into how certain privacy settings and features complied with obligations under the EU’s General Data…
Running a small business in the UK can be challenging, especially when it comes to managing finances. Director’s loans offer a valuable financial tool that can help small business owners navigate these challenges. According to recent statistics, director’s loans have gained popularity among small businesses in the UK, with over 60% of eligible companies utilising…
Contractors and their clients alike have welcomed the news that HMRC is on the verge of scrapping the controversial ‘double taxation’ of IR35 under the off-payroll working rules – in a positive development for contractors who have had their contracts cancelled as a result of these rules. The legislative flaw sees businesses overtaxed in the…
There was varied economic news this week, as the Government’s Office for National Statistics (ONS) released July’s economic figures. The UK’s economy shrank by 0.5% and imports also fell 0.4%. However, the international delivery expert ParcelHero says one bright light among the gloomy data is that the UK’s goods exports to the European Union (EU)…
In recent years, crowdfunding has emerged as a game-changer for small businesses in the United Kingdom. This innovative method of raising capital has provided a lifeline to countless startups and entrepreneurs who once struggled to secure traditional funding. Crowdfunding in the UK is not merely a financial transaction; it represents a paradigm shift in the…
Small enterprises often find themselves navigating a sea of challenges. According to recent studies, approximately 20% of small businesses fail within their first two years, and a significant factor contributing to this is the inability to identify and seize opportunities in the market. Small business market research plays a pivotal role in this pursuit. In…
The state pension is likely to rise by 8.5% in April after data crucial to the so-called triple lock was published. The policy means the increase in the state pension is the highest of average earnings, inflation or 2.5%. Those earnings – which are total pay, including bonuses – were recorded at 8.5%, and the…
Having a clear and well-defined business idea is crucial for success. Whether you’re a budding entrepreneur or an established business owner looking to pivot, the process of defining your business idea is a pivotal step. In this article, we’ll explore valuable tips and tricks to help you refine and solidify your business concept, setting you…
In today’s fiercely competitive business landscape, establishing a unique identity is imperative for success. This article will explore the concept of a value proposition, a critical tool in setting your brand apart from the crowd. We’ll delve into the intricacies of creating a compelling value proposition that not only captures your audience’s attention but also…
Luxury retailers are choosing China over London as the “tourist tax” stifles a post-pandemic shopping resurgence, the head of a payments processing company has warned. Alan Holcroft, of Cegid, which works with about a thousand retailers, including Hugo Boss, L’Oréal and Lacoste, said the scrapping of tax-free shopping for tourists had been an “own goal”…
Starting a nail salon business in the United Kingdom can be an exciting and rewarding venture. The beauty industry in the UK is booming, with an estimated worth of £27 billion in 2021. Nail care services are a significant part of this industry, and there’s a growing demand for them as people increasingly seek professional…
Harnessing the potential of Artificial Intelligence (AI) has become an indispensable tool for small businesses looking to thrive in the competitive online sphere. This article explores the myriad ways in which AI is revolutionising small business marketing, offering insights, strategies, and practical tips to help you leverage this game-changing technology. Understanding AI in Small Business…
