Every year, SMEs lose a staggering £19 billion due to a lack of productivity, with some business owners reporting 60 hours lost to admin tasks per week. A recent review of SMEs carried out by Microsoft Dynamics 365 experts, Pragmatiq, has found that adopting the right software can offer small businesses the opportunity to regain valuable time spent on laborious admin tasks. Pragmatiq identified one study that showed businesses could regain up to 240 working hours every year that were otherwise previously spent on administrative tasks. Implementing the right software has the potential to unleash copious benefits for small and medium-sized enterprises; efficiency improvements, data…
Author: sme-admin
The latest UK business insurance statistics by money.co.uk business found that 44% of SMEs in the UK have no commercial insurance – up from 40% in 2021. This amounts to over 2.4 million SMEs in the UK. As a result, the experts at money.co.uk business have put together information on the following: The most common reasons why business owners don’t take out insurance Why business owners need insurance How much it costs to insure businesses Finding the right business insurance. The most common reasons as to why business owners don’t take out business insurance: Reason for not having insurance Percentage The business is too small 47%…
Small businesses face an uphill battle in capturing the hearts of younger customers, as a mere 22% of Gen Z believe their customer service rivals that of larger competitors. This is particularly concerning for smaller fashion brands, considering that 75% of spending by Gen Z is on fashion. The Small Business Customer Service in 2023 research, from FM Outsource, looked into what customers want from small businesses and what they’re actually offering. Despite reservations from Gen Z, the research revealed that older generations are more confident in the capabilities of small businesses. An impressive 60% of consumers, aged 55-64, believe they can offer…
In today’s economic climate, workplace benefits are no longer just a perk, they are a necessity. Employers should be helping employees’ salaries stretch further during the cost-of-living crisis, not only because it will help keep their staff happy, but because it is the right thing to do. This article, by Blackhawk Network Extras, an employee benefits platform, delves into the crucial insights from their recent report, ‘The Cost-Of-Living Crisis: Support Your People with Employee Benefits.’ We recently conducted research among 500 HR decision-makers (HRDMs) and 2,000 employees up and down the UK to understand attitudes towards workplace benefits and how they can…
E-commerce fraud is growing fast and financially impacting businesses across the globe, according to new research from Ravelin. In the last twelve months, merchants have seen a huge leap in online payment fraud (up 59%), account takeover (up 51%), promotion abuse (up 52%), refund abuse (up 53%) and customer fraud / friendly fraud (up 40%). Merchants are now throwing more and more money at the crisis and expanding fraud teams in a bid to mitigate losses. Three-quarters (75%) of all online merchants say fraud budgets will grow this year (global average figure.) In the UK 62% will be spending more on…
Whether you’re interviewing for a job role with a new company or for an internal position, preparing for a job interview and ensuring you perform at your best can be daunting. It’s easy for nerves or lack of confidence to set in, which can mean that you struggle to communicate your suitability for the role to the interviewer. Sheelagh McNamara, Executive Coach and Lead Tutor on RADA Business’ Executive Presence for Women programme, offers her key insights and skills for creating a connection with your interviewer, tackling nerves and projecting confidence to make a standout first impression. Prep for success Take some…
Over a million small and medium sized businesses across the UK have upskilled their digital capabilities thanks to the free business guidance and training available from Vodafone via platforms such as V-Hub. The V-hub platform, which recently celebrated its third birthday, provides free access to training, tools, and an in-depth knowledge centre. Through V-hub users also have access to free one-to-one expert guidance from a V-Hub business expert either online or over the phone. Training covers everything from setting up a business, finding new customers online and protecting yourself from cyber-threats. The most popular courses on the V-hub platform are Tips…
Revolut, the global financial superapp with more than 30 million customers worldwide, today announced it has enabled Apple’s Tap to Pay on iPhone contactless payment acceptance technology for Revolut Pro and Revolut Business customers across the UK.With Tap to Pay on iPhone and the Revolut iOS app, designed for customers with a Pro account, such as sole proprietors or small business owners, or the Revolut Business iOS app for business of all sizes, Revolut customers will now be able to accept in-person, contactless payments with just an iPhone – no need for additional terminals or hardware. The feature provides an…
Small businesses across the UK are being urged to have their say on the future of the high street, by taking part in a UK-wide survey by the Federation of Small Businesses (FSB) from today (13 July) on issues such as business rates relief, public transport and parking, access to cash and street cleaning. The findings will be analysed, and recommendations then submitted to the UK and national and local governments and devolved administrations to help the UK’s high streets to flourish into the future. The survey will run from 13 July to the 27 July and can be found…
With the cookieless future already here, advertisers are beginning to explore new ways to track customers and measure performance. Cookieless solution and programmatic expert Crimtan is sharing its expertise to explain why marketers should no longer be reliant on cookies. Depending solely on cookies is no longer a viable option to provide the comprehensive measurement and insight necessary for campaigns to be successful. Although marketers do have the ability to use first-party data to communicate with audiences, it does not give them the opportunity to target new customers. For a campaign to be successful, the right audience needs to be targeted at…