There’s no doubt that ecommerce is becoming increasingly dominant worldwide. For example, in the UK online sales now account for more than 17% of the region’s retail market. Despite this, just 50% of small businesses own and operate websites, making half of all SMEs in the UK incapable of driving sales online or generating a […]
Ed Smith
3 Best Ways to Successfully Deal with Customer Complaints
For any business, customer complaints are one of the most stressful and difficult things to deal with. It’s tempting to ignore them completely, or at the very least become defensive over your brand or product. However, the trouble with this is both of these options can lead to the dreaded negative review. These days, just […]
5 Easy Ways to Maximize Space in a Small Business
No shop, restaurant or any retail space can succeed without using the space that they have in an intelligent way. This can be straightforward when you have a lot of space to work with but that’s not something most businesses are blessed with. So, if you only have a small store or office, then how […]
How to Reduce Your Business Costs
Last year saw business confidence plummet in the UK, against the backdrop of Brexit and sustained economic decline. SMEs in the UK were hit particularly hard, with confidence amongst these ventures down by 20% in relation to 2017. As business confidence dwindles, firms are likely to adopt an increasingly conservative approach that focuses primarily on […]
Do This for Your Employees and See 3 Major Costs Plummet
When it comes to your business, there’s one thing you need to think about above all else: your employees. That’s never been truer than in the climate we currently live in. In 2018 it was reported that self-employment was rising in the UK—but why? Well, aside from being your own boss, it would appear that […]
Should All Businesses Produce a Cash Flow Statement?
When you’re running a business, cash flow is extremely important. All businesses have the same goal: to have more money coming in than there is going out. A positive cash flow enables your business to not only continue operating, but to expand and become successful. Managing your cash flow therefore becomes extremely important. If you […]
3 Alternative Financing Solutions for Small Businesses
Financial management is key for all businesses, especially SMEs. With fewer employees than a large company, smaller business owners often feel more pressure to keep their staff happy. Unlike a big enterprise, there aren’t as many skilled workers to rely on. Should one leave, it could massively impact the running of the company. One way […]
