According to the National Bureau of Economic Research, the average recession lasts about 11 months, but the impact can linger for years. While these downturns pose significant challenges for many industries, they also create opportunities for businesses that can adapt quickly to changing circumstances. In fact, history has shown that certain sectors not only survive…
Setting goals is an integral part of running a successful small business. But with so many frameworks out there, where do you start? Don’t fret; we’ve got you covered. In this article, we’ll delve into the top goal-setting frameworks tailored for small businesses. Goal setting isn’t just a corporate buzzword; it’s the backbone of any…
The UK government’s borrowing exceeded expectations by £6.6 billion over the past year, raising concerns about Chancellor Jeremy Hunt’s ability to implement significant tax cuts ahead of an anticipated general election. Official figures from the Office for National Statistics (ONS) revealed that the deficit reached £11.9 billion in March, highlighting the challenge of managing public…
Embracing Market Trends The first quarter of 2024 arrives with a wave of opportunities for start-ups to make their mark in the business world. According to recent statistics, global start-up investments reached an all-time high in the last quarter of 2023, indicating a thriving ecosystem. However, this also means increased competition. To stand out, start-ups…
Addison Lee, London’s largest private hire and taxi firm, has today announced a new partnership with the WizAnn Knowledge School to safeguard the future of the black taxi industry, and support drivers looking to establish a successful career in the field. The number of black taxi drivers licensed by TfL has faced a steady decline…
The urgency to address environmental challenges has never been more apparent, and the business world is responding with innovative solutions. According to a recent report by the Global Entrepreneurship Monitor, sustainability-focused startups are on the rise, with a 15% increase in the number of such ventures globally over the past two years. As we step…
The Confederation of British Industry (CBI), one of the UK’s most influential business advocacy groups, has reached a settlement in a legal dispute with its former leader, Tony Danker. Danker’s tenure at the CBI ended abruptly last year following allegations regarding his conduct during his time as director general. These allegations, revealed in March 2023,…
Embarking on a startup journey in 2024 is both exhilarating and challenging. As technology advances and markets shift, securing the necessary capital becomes crucial for turning innovative ideas into successful businesses. According to recent studies, the global startup ecosystem is thriving, with venture capital investments reaching a record-breaking $571 billion in 2023. Despite this growth,…
Leaders from the financial services industry have called on the government and regulators to introduce robust legislation to boost market confidence in the use of artificial intelligence (AI). Speaking at last night’s Parliamentary Digital Economy summit, which was organised by the Parliament Street think tank, hosted by Dean Russell MP for Watford, and chaired by Steven…
UK businesses are grappling with an additional 10% average cost for gas and electricity, as revealed by a prominent litigation law firm in a new report. The firm, Harcus Parker, is leading a collective legal action involving thousands of small enterprises seeking to recover up to £2 billion in undisclosed broker fees added to their…
In the rapidly evolving landscape of remote work, it’s essential to stay ahead with the latest and most effective tools for a seamless work-from-home experience. According to recent surveys, over 80% of employees prefer a hybrid or fully remote work model, underscoring the importance of a well-equipped home office. To help you optimize your workspace,…
The digital era has ushered in a new wave of innovation in the business world, and at its forefront is the transformative power of Software as a Service (SaaS). According to recent industry reports, the global SaaS market is projected to reach $220 billion by 2022, showcasing the rapid adoption and growing importance of this…
Economic uncertainties are forcing businesses to update and rethink their skills requirements, to make sure they have the workforce and future skills required to navigate financial pressures while remaining competitive in their markets. Nichola Hay, Director of Apprenticeship Strategy and Policy at BPP explains that as a result, the so-called war for well-fitting talent wages…
The European Union’s commitment to protecting individual privacy has become even more critical in the face of rapid technological advancements. With the rise of artificial intelligence (AI), concerns about data security and privacy have taken center stage in policy discussions. According to recent statistics, the global AI market is expected to reach $190.61 billion by…
The hospitality industry has warned of an estimated £350 million hit from the latest train strikes, lifting the cost to businesses to more than £4 billion since the action began. The Night Time Industries Association said it was “deeply concerned” about the “significant repercussions” that industrial action organised this week by Aslef, the train drivers’…
