To start your own business you need several important things – an idea, a lot of determination and the funds available to get the ball rolling. But how much does it cost to start a business? From company formation prices and legal requirements, to payroll and insurance, recognising the costs of starting a business can make sure your idea is viable. Start Up A-Z, the only free company formations agent in the UK, has created a guide for new entrepreneurs to help them understand what costs they should be aware of when starting a business. What are the typical UK business…
Author: sme-admin
A perfect storm is brewing in the cybersecurity sector where an increase in cyber threats is compounded by a major skills shortage and lack of women representation. Cyberattacks can shut down infrastructure, close businesses, drain bank accounts, and more. Protecting systems and data from sophisticated hackers has never been so important, and the value of the global cybersecurity market is predicted to reach an eye-popping £340 billion in 2030. Despite the industry’s apparent wealth, a worrying dearth of cybersecurity professionals, especially women, currently exists. A mere 24% of the global cybersecurity workforce are women. From recruitment challenges to the gender pay gap, cybersecurity services…
UK Finance has launched a new site including a step-by-step digital guide and FAQ to support charities and other voluntary organisations open and manage bank accounts. The new site also includes a free Account Finder tool, to help organisations in the voluntary sector find the best account for their needs. The launch of the site is the final step of a project run by UK Finance to deepen understanding of the specific issues felt by charity bank account customers. UK Finance has worked with charitable organisations, members and regulators to develop the digital guide to help improve how community accounts…
In today’s rapidly evolving business landscape, the traditional linear career path is becoming increasingly a thing of the past. Instead, portfolio careers, characterised by a diverse range of roles, projects and income streams, is gaining increasing momentum, especially among women. Susannah Schofield, OBE, Director General of the Direct Selling Association, has been a champion for women and young people in business for many years [Susannah was awarded an OBE for her work in this area in the 2015 Queen’s Honours List] and has witnessed first-hand the transformative impact of portfolio careers on women’s lives, including her own. As we continue…
New research has found that 17 per cent of under 45-year-olds have been persuaded to spend more than they’d originally planned to by digital displays in stores. The survey, commissioned by Saturn Visual Solutions and carried out by OnePoll, asked 2,000 UK-based, adult full-time and part-time workers how they felt about modern stores that have interactive displays and screens showing product information and videos. Nearly a quarter of 18 to 24-year-olds (24%) admitted that they’d been persuaded to spend more than they’d originally planned to whilst in a store with digital displays. The figure went down to 19 per cent with 25…
In today’s job market, apprenticeships offer a practical alternative to traditional education. They provide real-world experience combined with academic learning, benefiting both apprentices and employers. Apprentices gain valuable skills and qualifications while earning a wage, which helps them build successful careers. Employers can develop a skilled workforce in a cost-effective way, tailored to their specific needs, leading to increased productivity and innovation. In this article Lanes Careers explore the benefits of apprenticeships, explaining why they are a smart choice for individuals looking to advance their careers and for companies aiming to build a strong and loyal workforce. From addressing the…
Research from business intelligence consultancy Catalyst BI has found that 18% of organisations processing personal data struggle to understand ICO regulatory guidance. The data was collected using the UK Business Data Survey, which also revealed that a combined 21% of SMEs found it difficult to understand regulatory guidance published by the ICO. Becky Stables, data management expert at Catalyst BI explains where your business is going wrong in terms of GDPR compliance and how to avoid the most common mistakes that could cost SMEs time and money. “There are 5.51 million SMEs in the UK, which make up 99.9% of private sector businesses, but they often struggle with GDPR compliance due to a…
Over the coming weeks and months most of the country will be scrutinising what Labour has to offer the UK in terms of growth for the country and how they will tackle major issues, such as the cost-of-living crisis and the underfunded NHS. And with the UK facing a mental health crisis like never before, Bertrand Stern-Gillet, CEO at Health Assured, looks at how the new government plans to address this. “Labour has said they will be putting mental health on the same level at physical health. 1 in 4 people will experience a mental health challenge of some kind…
Following the news of the recent E. coli outbreak in the UK, where 288 confirmed cases were reported in 2024, businesses are facing increasing pressure to uphold stringent food safety protocol. Sam Roberts, Food Retail lead at mpro5, discusses the digitised platforms retailers and caterers can implement to manage, log, and track food safety reporting. Harrowing reports of the recent UK E. coli outbreak have forced UK retailers and caterers to rethink their food safety processes, with the UK Health Security Agency reporting that a member of the public passed away from the outbreak in June. In 2024 there has been 288 confirmed cases of E. coli…
Lara Fox, MD of Objective, a data analytics specialist, is seeing an uplift in the number of businesses enquiring about how to effectively use AI, data analytics and software to help them grow their business. In this article she debunks the myths around AI and analytics software and shares tangible and workable tips for businesses on how to embrace the benefits. Buzzwords such as AI, generative AI, natural language processing (NLP), data analytics solutions have been around for a while now. But what do these words mean, what do they do and how can we use them in business to help…