In the ever-changing world of business where competition is fierce, having a clear vision is vital for achieving success. Coupled with effective leadership and good communication, these three elements form the foundation of a successful business strategy, providing direction, purpose, and a shared understanding of values for the organisation. However, according to a recent survey by employee engagement company Tinypulse, only 42% of employees know their company’s vision, mission, and values, citing a lack of communication from senior management as the main reason as to why the majority are in the dark. As we begin the new year, now is…
Author: sme-admin
One of the first steps to creating a business is deciding on a brand name. It’s how you’ll be known to the world, how people will find you and could determine your success. UK formations company, SUAZ, have pulled together marketing and branding experts to share insights into how you should name your business. First of all, here are some initial questions to ask yourself when thinking about an ideal business name. Will the name limit your business? Avoid being too specific about your offering in your name, in case you later decide to expand or change your business’ focus. Does the…
The New Year is upon us but for some companies, 2024 will be challenging. The latest CBI economic forecast predicts the UK is set for another year of weak growth in 2024[i]. Following GDP growth of 0.6% in 2023, the CBI expects 0.8% growth in 2024, picking up to 1.6% in 2025. As well as the economic challenges, SMEs are navigating ongoing skills shortages and retention issues, as well as concerns around employee mental health and burnout, plus the impact of technology especially AI on their business[ii]. One consequence is that business leaders are behaving in a more risk-averse way…
Business leaders from Oxfordshire and beyond have shared their insights and advice on the latest industry challenges in the second series of hit business podcast, OxTalks. The second series of OxTalks, powered by the Oxfordshire Local Enterprise Partnership (OxLEP) and sponsored by leading national law firm, Mills & Reeve, delves into some of the biggest questions in business – including what makes a good leader and how to break through stereotypes of an entrepreneur. To support organisations in navigating current business challenges – whether a start-up, SME or multinational – host and experienced broadcaster, Howard Bentham, seeks out guests’ expert advice to find solutions to…
Let me, Fiona Scott, a feature writer, and media consultant, introduce you to Julianne Ponan, MBE. Back in the summer of 2017, during my annual break in a French caravan site, I received an unexpected call from a young woman. We had met briefly at a business show, but the connection wasn’t immediate. She got my number through a mutual contact and wanted advice about her upcoming Dragons’ Den appearance. The young woman was Julianne. Little did I know, that call marked the start of an ongoing collaboration. Julianne, honoured with an MBE in 2022 for her contributions to exports…
2023 was a big year for workplace trends taking centre stage on TikTok. With new phrases and terminology filling up our social media feeds, flexible office space provider Instant Offices has delved into TikTok revealing some unprecedented insights into today’s workforce based on the trends they are most interested in. The top 10 most popular TikTok workplace trends from 2023 Ranking Trend Views 1 Act Your Wage 655.7M 2 Lazy Girl Job 38.5M 3 Quiet Firing 26.4M 4 Quiet Hiring 8.7M 5 Rage Applying 6.1M 6 Bare Minimum Mondays 2.6M 7 Quiet Quitting 1M 8 Career Cushioning 672.7K 9 Boomerang Employee 101.9K 10 Resenteeism 32.9k Understanding Employee Discontent: ‘Act Your Wage’…
Kyle Holmes, co-founder of Black Nova Design, a Wiltshire-based firm specialising in web design and IT solutions, shares insights into the ever-changing tech industry. As the tech landscape evolves rapidly, Holmes and the team at Black Nova Designs actively stay ahead of the curve. Their open and collaborative environment encourages the sharing of thoughts and ideas, positioning them to address tech challenges and provide timely insights into industry changes. Here Holmes shares seven key insights that he believes are crucial for navigating the tech industry in the coming year. 1. The switch-off of PSTN and ISDN services Did you know both…
In a perfect world, it would be enough for your business to set up a quality digital marketing strategy. But even the best of plans can sometimes fail. The good news is that, by identifying the key reasons why your digital marketing strategy isn’t working, you can fix those problems and find new ways to improve your results. That said, if your digital marketing strategy hasn’t been improving your company’s bottom line like you had planned, here are six potential reasons why your strategy isn’t working and what you can do instead. You Don’t Know Your Audience You may have…
Rising costs forced young people to use buy now, pay later (BNPL) to afford Christmas this year as a quarter (23%) of young people* admitted they were planning on buying their Christmas dinner this year using BNPL, according to new research from responsible lender, Creditspring. Many were also reliant on BNPL – an unregulated form of borrowing – to buy gifts for loved ones, with three in ten (28%) 18-34 year olds saying they will use BNPL to buy their Christmas presents this year. The data comes in the wake of research** from the Financial Conduct Authority (FCA) which shows that…
Paul Day, technical director of specialist document management company Filestream, is an expert in GDPR and supports his document management clients around cyber-security and keeping their data safe. Filestream works with companies including Anglia Farmers, University of Hull, Kingsley Health Care, Carnival UK, Scania and BNP Paribas. In this article Paul gives cyber security tips for the New Year. As 2024 arrives, the threat around cyber attacks, ransomware and hackers grows ever greater. Understanding the risks and legal responsibilities around personal data will become even more important. It’s predicted that there will be increasing threats in 2024 around the increased use…