Running a small business comes with its fair share of challenges, and one of the most common hurdles is ensuring timely customer payments. Late or missed payments can have a significant impact on a small business’s cash flow and overall financial health. In fact, recent statistics indicate a concerning trend in payment delays. According to…
Shopping cart abandonment is a significant challenge for online retailers. It refers to the situation where customers add items to their virtual shopping carts but leave the website without completing the purchase. According to industry statistics, the average cart abandonment rate across various sectors is around 70%. This means that out of every ten customers…
The windfall tax on oil and gas firms will be suspended if prices fall to normal levels for a sustained period, the government has announced. Halting the windfall tax would cut the overall tax rate on energy firms from 75% to 40%. A windfall tax is used to target firms which benefit from something they…
Britain remains on course to dodge a recession this year but growth will “flatline” as stubborn inflation and a tight jobs market continue to drag on the economy, according to the latest forecast from the British Chambers of Commerce (BCC). The lobby group has upgraded its growth prediction for 2023 to 0.3 per cent but…
The UK’s entrepreneurial ambitions are stronger than ever, as new analysis shows that the number of micro businesses set up in the UK has grown every year in the last decade Small businesses are bucking a trend where the UK’s medium and large business population has plateaued in recent years. Overall, the number of medium…
Effective leadership is vital for the growth and success of a small businesses. While technical skills and industry knowledge are essential, there is another critical factor that sets exceptional leaders apart: emotional intelligence (EI). Emotional intelligence is the ability to recognize, understand, and manage emotions, both within oneself and in others. It plays a fundamental…
Software as a Service (SaaS) developer, Ringover, has announced the completion of a €20 million financing round. The round led by Orange Ventures and Bpifrance’s Large Venture and accompanied by historical investor Expedition Growth Capital. This new round of funding will enable Ringover to significantly step up its investment in research and development, particularly in…
Female entrepreneurs could add £250 billion to the UK economy with equal access to funding and right support, according to the Business and Trade Secretary and Minister for Women and Equalities, Kemi Badenoch. This comes following the Government’s publishing of the third annual Investing in Women Code (IWC) report, revealing that the significant progress made in breaking down…
Entrepreneurs and small business owners are constantly on the lookout for profitable opportunities. While success can be found in various sectors, understanding the most lucrative industries in the UK can provide valuable insights and guidance for aspiring and established businesses. This article explores a selection of high-profit industries, shedding light on their characteristics and opportunities….
We are a nation of dog lovers, with a staggering 10.1 million pet dogs residing in households across the country. As the bond between humans and their furry companions grows stronger, the demand for professional dog grooming services has skyrocketed. If you have a passion for pampering pooches and a flair for entrepreneurship, opening a…
Google has announced that it is launching new Cybersecurity training to equip people with the skills needed to kickstart a career in the sector and to help businesses mitigate cybersecurity risks. Google’s new Cybersecurity Career Certificate addresses the UK’s growing cybersecurity skills gap by providing a low-cost and accessible way for people to gain the entry-level skills…
Deliveroo, its restaurant partners and LGBTQ+ youth homelessness charity Albert Kennedy Trust (akt) have joined forces to provide free meals to members of the LGBTQ+ community who find themselves in a homeless or vulnerable situation when it comes to affording food or shelter. The trial begins this Pride Month across 10 restaurant sites in London,…
Embarking on the journey of self-employment is an exciting and liberating prospect. It grants you the freedom to be the captain of your own ship, steering your career and financial destiny. However, before you set sail, it’s crucial to make informed decisions to ensure smooth sailing and avoid potential pitfalls. One of the key decisions…
Understanding your target market is more crucial than ever for entrepreneurial success. To thrive in a competitive landscape, small businesses must make informed decisions based on reliable market insights. That’s where small business market research tools come into play. In this comprehensive guide, we will explore the world of market research tools and how they…
Technology industry leaders gathered in the Houses of Parliament last night to discuss the challenges posed by AI, the role of education in equipping young people with digital skills and the worrying lack of diversity in the UK’s talent pipeline. Speaking at the Parliament Street think tank’s Digital Skills Summit on Monday night, which was…
