Entrepreneurs and business leaders must prioritise their mental fitness just as athletes do, ensuring they are rested and ready to perform at their best, says Deborah Meaden. Speaking in the latest episode of Let’s Partner Up for Good, an SME-focused mini-series by NESCAFÉ® by Nestlé Professional, Deborah highlighted how entrepreneurs face immense pressure yet rarely discuss their own wellbeing. “As business owners, we feel like we should be working harder than everyone else. Instead, think of yourself as a business athlete. No athlete stays at peak condition 24/7—if they try, they burn out before race day. Recognising when you need…
Author: sme-admin
The UK government has made tax compliance a key focus, announcing a range of measures aimed at tackling tax avoidance, strengthening HMRC’s enforcement capabilities, and modernising the tax system. From investing in HMRC’s debt management capacity to expanding Making Tax Digital and increasing scrutiny of offshore tax arrangements, these steps are designed to close the tax gap and ensure compliance across the board. However, while these initiatives may enhance tax collection and deter avoidance, they also present challenges for businesses, individual taxpayers, and advisors. Misguided enforcement, inadequate resourcing, and a lack of support for digitally excluded taxpayers risk creating unintended…
The increasing sophistication of cybercriminals is a growing threat to your personal devices, which can impact both individuals and businesses, causing huge financial damage and stress. Insurance company, Towergate has been assessing the threat and how it can be combatted. Marc Rocker, Head of Cyber at Towergate Insurance said: “People unwittingly carry a goldmine of personal and corporate data in the palm of their hands, but this isn’t limited to mobile phones, it also includes tablets, laptops, and external drives. This stored data often incorporates bank account details, e-mail, social media, text messages and photographs, all of which can potentially…
When the economy takes a downturn, businesses instinctively tighten their belts. Budgets shrink, spending slows, and tough decisions are made. With UK inflation cooling to 2.8% in February 2025 but expected to rise again due to increasing energy costs, and economic growth forecasts being downgraded, uncertainty is driving many companies to reassess their spending. More often than not, marketing is the first budget on the chopping block. But is that really the best move? Integrated marketing agency, Protean Inbound, discusses how history and research suggest that cutting marketing during economic uncertainty can be a costly mistake in the long run.…
The New Tax Year is approaching, which brings various changes that could significantly impact business operations and finances. Key updates businesses should be aware of include changes to: Employment allowance National Insurance Contributions (NICs) Company size thresholds These changes may cause shifts for small businesses that impact operating costs, hiring decisions, and financial strategies. So, small businesses must stay informed and prepared. To help businesses navigate these updates, Intuit QuickBooks has put together expert insights, tips, and advice on: Employment Allowance & NIC Changes – What they mean for businesses and how to manage them. Company Threshold Increases – How shifting thresholds could affect…
SETTING the right price is one of the biggest challenges SMEs face, often leading to undervaluation that stifles growth and profitability. Striking the balance between competitiveness and value is essential, but many businesses still struggle to recognise their true worth. Matthew Hayes, Managing Director of growth partner Champions (UK) plc, shares his insights on how SMEs can rethink their pricing strategies. Unilateral pricing “It’s obviously a standard, industry-wide fact that large, established corporations charge significantly more,” he outlined. “This is often for worse products or services than those of a smaller startup. “One of the things that an SME can…
The UK government is expected to lay out plans for new immigration laws this summer as figures show the Home Office has issued 931,000 skilled worker visas over the last three years – nearly triple their original estimates. But how would a crackdown on foreign talent impact the UK economy, as new data shows migrant workers are contributing a whopping £1.3 trillion each year to their respective sectors. The research comes from the financial experts at Remitly, an American money transfer service, who explored the industries where global talent has the biggest impact and their estimated contributions to annual turnover, View the…
For many SME owners and entrepreneurs, selling a business marks the culmination of years of hard work, but it also brings a unique challenge: what comes next? While traditional retirement may not be on the cards, a growing number of former business owners are opting for ‘micro-retirement’: a strategic pause before diving into their next venture. Rather than stepping away entirely, micro-retirement offers the flexibility to take a break, reassess career goals, and re-enter the business world with fresh energy and perspective. This is an option which is proving increasingly popular with younger workers, particularly Millennials and Gen Z, who are redefining the…
For the UK to become net zero by 2050, every business and organisation must play its part. However, a combination of regulations and having the resources available mean large enterprises have taken the lead in transitioning to net zero. This may have helped enable the UK to improve its Nationally Determined Contribution (NDC), but it has also led to downstream consequences for UK SMEs. Already, SMEs are feeling the effect of the switch to net zero, despite not having clear regulations in place. According to the 2024 UK Net Zero Business Census, around 37% of SMEs have been asked to…
Matt Bailey, workplace analytics specialist at Matrix Booking explores how data-driven insights can help organisations balance occupancy levels and adapt to changing work patterns. Facilities and workplace managers have been at the forefront of addressing and navigating evolving challenges, from sustainability demands to the rapid adoption of hybrid work. It’s a role that requires agile and adaptable workspace strategies – something that only continues to gain momentum. In fact, the push for flexible work arrangements presents both opportunities and challenges for facilities and workplace managers. Initiatives like the four-day workweek, backed by Labour’s push to grant full-time workers the right…