In the UK, it’s estimated that a staggering 80% of SMEs are underinsured. With this in mind, James Barwell – Insurance Director at Bionic – has prepared a guide on how SMEs can make sure they are fully covered. “Estimating the value of business assets and understanding policies can be exceedingly difficult and is something many small business owners try to navigate alone. But unfortunately when estimates are inaccurate it could lead to an insurance package that doesn’t cover all business assets. This is called underinsurance and it can lead SMEs being out of pocket if they make a claim or a claim…
Author: sme-admin
Whilst most shareholders in small and medium businesses will hope the situation never arises, many shareholders (particularly minority shareholders) do find themselves being treated badly. A lot of them do not have shareholders’ agreements in place but there are ways to protect their position and steps that can be taken if negotiation fails. In this article Richard Gore and Claire Boucher, both Partners at Temple Bright, discuss how shareholders can protect themselves from unreasonable behaviour by other shareholders and directors. They detail what the terminology relating to a company means and how shareholders can go about trying to protect their…
VistaPrint, the print and design partner to millions of small businesses around the world, have recently partnered with Paris Commerces, a company from the city of Paris, which acts on a daily basis in favour of local commerce, to launch the ultimate Paris City Guide to Small Business ahead of the Paris 2024 Olympics. With 11.3 million visitors expected to go to Paris during the Olympics this summer, this local guide allows tourists to choose between three unique routes which meander through Paris’ iconic cobblestone streets, enticing explorers to visit an assortment of small delicatessens, bookstores, fashion and artisans along the way. The…
Devotees of Filofax, the Rolls-Royce of paper-based personal organisers and time planners, are about to be offered the best of both worlds with the launch of a revolutionary new digital Reminder App which allows them to plan on paper and review on their phones. The venerable UK-based time management company, which celebrated its centenary in 2021, is bringing its massively popular Filofax diary, with its ring binder and refill pages, into the digital age with easy-to-use QR code technology. It means that the handy-sized diaries, which contain a wealth of information and are still the preferred option for millions of people, will now…
Amidst escalating economic and environmental challenges, SMEs are at a crossroads. A new report delves into the dilemma SMEs face: how to balance sustainability with financial stability. With 71% of SMEs in the last 12 months viewing sustainability as an opportunity to diversify and grow their business, the report explores how green initiatives can help reduce carbon footprint but also drive business growth and remain competitive. The Report by Novuna Business Finance – The Small Business Perspective on Sustainability: Investment, Cost or Burden – provides valuable insight learnt from the real-life experiences of small business owners with each story revealing insight…
With the EU AI Act due to start coming into effect in the next few weeks, businesses cannot avoid addressing this new regulation, or else they’ll risk paying hefty fines of up to €35 million. But that’s not all, with the new UK Labour government planning to tighten AI rules further, businesses will need to ensure they are prepared to comply. In light of this, Keith Fenner, SVP and GM EMEA at Diligent, a leading GRC SaaS company, discusses the risks and opportunities that the AI Act will bring to businesses, as well as the next steps they should take to…
Steve Whitmarsh, chief executive officer of Henley-in-Arden based Multifleet Vehicle Management, which trades as runyourfleet, was privileged to meet King Charles at a ceremony for winners of The King’s Award for Enterprise at Windsor Castle. The invitation came after runyourfleet was recognised for its innovation in developing its unique online platform for fleet management. runyourfleet launched the platform in 2021 and was one of only 252 organisations nationally to be recognised with a prestigious King’s Award for Enterprise, and just one of 59 businesses to be recognised for innovation. Mr Whitmarsh said it was a great honour to be invited and…
Being an older person in the UK can increasingly feel like being cancelled, new research reveals. Many older people say they now feel excluded and marginalised in countless aspects of daily life – leading to an increased sense of isolation and loneliness. Not focussing on the silver pound is clearly a missed opportunity for retailers (particularly for high street fashion brands). The research reveals that many older people are desperate for more to be aimed at them, with nearly half (44%) saying they would love to wear more fashionable clothing if it was marketed at them. This is the disturbing conclusion…
A market-leading business dedicated to locating subsurface energy and mineral resources to reduce the globe’s carbon footprint, is powering its strategic growth plans after securing a £500,000 funding deal. AIM-listed Getech, based in Leeds, which specialises in data-mapping natural resources such as metals, minerals and geothermal energy, agreed the working capital facility with Reward Finance Group, which provides property investors and SMEs with tailored business finance loans and asset based solutions of up to £5m. Getech was formed in 1986 and uses its geoscience data and unique geospatial software to accelerate energy transition away from fossil fuels by developing and leading geo-energy and…
What makes a good salesperson in 2024? And what skills should they have to generate successful leads and boost results for the business? Steve Harlow, Chief Sales Officer at Sopro, comments on the skills every successful salesperson should have and how to implement them: “A good salesperson must be equipped with the necessary knowledge and tools to be productive. There are various skills a salesperson needs and different tactics they can adopt to engage with customers effectively and drive sales. Here are some of the most important ones: Social prospecting: “Using social networks as a strategic tool, social prospecting allows sellers to…