Sharply increasing interest rates, red-hot inflation and a prolonged energy crisis are leading to conviction that the UK is headed towards recession. The Alternative Board (TAB), which runs leading business advisory boards across the UK is advising SMEs to get recession ready now to survive what is predicted to be a prolonged downturn: “SMEs are crucial to the UK’s economy and account for over 53% of private sector employment, so it’s vital they ready themselves now for a potential recession,” commented Ed Reid, co-owner of The Alternative Board. “We’re here to ensure our SME facilitators and the businesses they support come out fighting…
Author: sme-admin
Nextbase, the UK’s leading Dash Cam brand, has seen a 200 percent increase in year-on-year sales to the UK’s leading automotive brands, amidst an ambitious new campaign to revolutionise the availability of this life-saving technology to UK vehicle manufacturers and their customers. Five of the top vehicle manufacturers across the UK and Europe, representing over 50 percent of the UK’s automotive market share, now offer bespoke vehicle manufacturer Nextbase Dash Cams pre-installed. These brands include Toyota, Lexus, Kia, Hyundai, Skoda, Volkswagen, Seat, Isuzu, and Ford. Since their introduction to the UK market by Nextbase in 2012, Dash Cams have become…
Jill Whittaker OBE, Managing Director at The Executive Development Network (EDN), highlights how vital training is for businesses struggling with recruitment and retention, debunks common myths, and offers practical advice on how to make apprenticeships work for you. What we seek from our careers has undoubtedly changed since the advent of the pandemic. Ultimately, employees want to try new things, to upskill and reskill, and to have their value recognised more than ever before. To recruit and retain staff in this climate, SMEs must find the balance between meeting training demands and other time-consuming priorities. It may come as no…
Revolut, the global financial super app with over 20 million retail customers, today launched Revolut Pay – a new secure online checkout feature which allows UK and EEA merchants to present ‘Revolut Pay’ as a payment method across product, cart, and checkout pages. Revolut Pay aims to disrupt the payments ecosystem by making shopping online even easier as it facilitates direct payments, while providing best-in-class security for Revolut users: payments will be validated via secure features such as Face ID, or fingerprint unlock, and no account number will be shared. This in turn will help to prevent fraud and keep…
August 2022: With seniors returning to the workforce in their masses, Gen Z instant video messaging social media app, Frog, has launched a search for a senior intern to join their team. New statistics have found that in the UK a growing number of older people are entering employment once more with the latest figures revealing a record 173,000 people aged 65 and over were in work between April and June 2022. With an employee average age of 28, the Gen Z company seeks the wisdom of an intern aged 60 and over to join the team. The unique job…
Exactly one year since launch, Lottie – the UK’s leading later living marketplace – are one step closer to their mission of transforming the elderly care sector. Now valued at £45million and with the backing of American Venture Capital Firm General Catalyst and chief executives from Airbnb, Zoopla and Monzo, Lottie have completed their acquisition of Found – one of the UK’s leading CRM and occupancy care home software in a seven-figure transaction (£1.5 million). Plagued by their own experience of finding care for their family, brothers Chris and Will Donnelly launched Lottie – a care home comparison website that…
Making the decision to become an entrepreneur can be overwhelming at times, particularly if you’re deciding to completely reinvent your working life. Being an entrepreneur means becoming comfortable with the highs and lows that are common in this type of work environment – being able to be both flexible and adaptable is essential to the success of any entrepreneur. Aiman Kabli, digital entrepreneur, serial author, blogger, and speaker, provides SMEToday readers with some insight. Once you’ve decided to become an entrepreneur it can become especially tempting to focus all your attention on building your ‘hard skills’ like technical skills, analytical skills,…
More than 70% of people have experienced a better work life balance since working from home. With the number of people working from home more than double pre-pandemic levels, market-leading workplace health, wellbeing and ergonomics company Posturite is highlighting the need for a correct and comfortable work setup to boost productivity and general health and wellbeing. Posturite identified only 48% of people who work from home as having a designated room for working such as a study, home office or garden office. With over 50% of people using areas of a living room, kitchen and bedroom to work in, it…
The team at Black Nova Designs will be celebrating this year’s Video Games Day by staging a 24-hour gaming challenge on Monday September 12 to help raise awareness of mental health issues. Boss Kyle Holmes will be joined by website developer Steven Willis and IT technician Dean Baker for an entire day and night of non-stop gaming. The trio will be streaming the event live on Facebook, YouTube and Twitch from 23:59 Sunday 11th to 23:59 Monday 12th. Not only will this give viewers the chance to view the team, it will encourage and involve everyone who takes part, donates,…
By James Butland, VP of Financial Partnerships, EMEA at Airwallex Since the pandemic, the ways that SMEs define themselves might have gone through a series of shifts. With mass migration to online channels it’s not only big retail corporations that are able to serve online customers far and wide. To the contrary, this became crucial for all retailers. Since, digital platforms have enabled businesses of all sizes to reach new markets in different regions, so even SMEs can reach a multi-national customer base without the extra in-house staff. Sustaining growth in new markets is another challenge however; one that comes…