Running and growing a business of any size is a challenge. Trying to run and grow an SME can be even harder. In a bigger company with more resources, you might have the chance to delegate the management of day-to-day administrative tasks and other time-consuming activities. However, running an SME likely means time spent on these tasks instead of strategising for your business’ future. You want to spend time focusing on how you can grow and improve your business instead of getting dragged down in necessary but consuming admin. With an Equals Money account, you can save time and money…
Author: sme-admin
US expansion is a fantastic growth opportunity for UK companies if they successfully execute the right strategy for their business. UK management teams are increasingly looking across the Atlantic to maximise their growth potential. In order to do this, leaders need to select the most effective strategy for their business model and ambitions. ECI Partners, the leading growth-focused mid-market private equity firm, shares its top tips for creating a successful growth strategy in the US. Looking to address the challenges that can often arise, ECI draws on the experience of two portfolio companies, Moneypenny and MiQ, both of which are…
As we surpass the two-year anniversary of the work from home order being put into place, many companies are continuing to explore different working models for their business. Clockwise Chief Operating Officer Alexandra Brunner looks at how companies across the UK are adapting to the new needs and ways of working. The most drastic change we have seen in the post-pandemic office is the hybrid working model becoming central to almost every job. A recent survey from flexible co-working space provider, Clockwise showed that although 51 per cent of people prefer to work from home, over two thirds of Gen-Z…
As a business providing precision engineering services to the aerospace, motorsports, and marine sectors across the globe, West Midlands-based engineering firm A&M EDM prides itself on it’s innovative, pioneering, and forward-thinking approach. By its very nature, R&D constitutes a significant proportion of the firm’s day-to-day operations and, through embracing the Government’s R&D tax credit scheme, it has successfully claimed back more than £780,000 to date. The scheme was introduced by the Government in 2000 in a bid to support SMEs by helping them reduce the cost of R&D activity and subsequently encouraging further innovation (a separate scheme for larger organisations…
Nearly half of all employees (48%) had no wellbeing check-in from their employer in the past year, finds new research among 2,000 workers. The data released by Mental Health First Aid England to mark My Whole Self Day, 18 March 2022, reveals that double the number of employees report that their workplace had failed to check-in on their wellbeing over the past year (48% up from 25% in 2021). The last 12 months of the pandemic has seen increased reports of mental ill health yet only 27% report receiving a wellbeing check-in from their employer monthly or more. This is…
The last couple of years have been tough for businesses, but those that have been able to grow, despite the challenging circumstances, have almost without exception had to showcase a high degree of resilience. Here Alison Watson, Head of the School of Leadership and Management at Arden University, explores how businesses can optimise business resilience, and harness it to ensure they continue to thrive. The most successful businesses have always had a high degree of business resilience – it’s true of all types of organisations, but is particularly key when it comes to SMEs. The pandemic forced all of us…
For the last 20 years, Nick Fewings has been working with teams around the world to motivate and inspire them to transform how they work and achieve even greater success. He has also shared his knowledge and experience of teamwork at many conferences, providing delegates with practical tips and suggestions on how to increase their team’s effectiveness. Asked on many occasions, “Have you written a book about how to achieve high performance teamwork?” His answer has always been no, but that has all changed. Team Lead Succeed is for anyone who works in a team and wants to make a positive…
Devin de Vries, CEO at WhereIsMyTransport offers his thoughts on why better information holds the power to transform and accelerate transport innovation, especially in emerging markets. To the casual observer, it might seem that little in transport has changed over the past decade. The modes people use today to move around the city are still largely the same as they have been for years, with the notable addition of eBikes and eScooters in many cities. Many of the issues faced 10 years ago—congestion, pollution, and long commutes—are also the same. In fact, in many cities (even in rapidly advancing emerging markets) those…
In conjunction with the two year anniversary of the UK lockdown (March 2020), UK-based payments provider SumUp (www.sumup.co.uk) has analysed over 500,000 anonymous transactions from UK-based SumUp business account users, in order to determine the changing face of UK business expenditure over the last few years. The SumUp business account, which comes with a SumUp Card (by MasterCard), provides merchants with a one-stop-shop for business solutions. The account allows them to send and receive money instantly in the UK and enjoy unlimited free bank transfers, both on incoming and outgoing payments, as well as the ability to access your business’…
Despite the pandemic accelerating the UK’s shift online, new research reveals those living in Plymouth, Barnsley and Sunderland still prefer visiting the local high street. Payments provider Mollie analysed a list of 60 locations and ranked them on a number of factors to determine where shoppers are most likely to splurge online vs in-store, and vice versa. The research shows that those living in Plymouth have the biggest loyalty to the high street, with fewer business closures than all but Sunderland, meaning more options for shoppers. In Plymouth, there were 27.85 business closures per 10,000 population, compared to 25.75 in Sunderland. Each location…