Over 16 million people are employed in the SME sector, dominating 60% of all private sector employment, according to industry data. These numbers reflect a 26% growth since 2000 in the number of small businesses. However, running a successful SME doesn’t come without risk. Here are the top risks facing SMEs, as reported by SMEs:
Most of us enjoy a good ice cream and the majority of people can pinpoint the best ice cream they’ve ever had and where it was. Whilst we’ll always enjoy a Mr Whippy on the beach despite fighting off seagulls, those who work in the industry are constantly thinking up new inventive ways for us
So you’ve been running your start-up business for a while now and feel the time has come to expand? You’re in luck. With the advancement of online technology it’s never been easier to grow your business internationally, with translation services, overseas banking and global travel more accessible than ever. With the right strategy, resources and
Do your fears include not understanding new memes (photos with captions which frequently sweep the internet) contribute to FOMO? (fear of missing out). Are you terrified by the prospect of someone asking you who you voted for in the election, or would you rather this than discover you’ve had food stuck in your beard or
The GDPR comes into effect on 25 May, which does not leave your organisation much time to comply. While you’ve most likely been busy making the necessary high-level GDPR revisions, such as to how you obtain clients’ consent, you may be overlooking a key GDPR component—your privacy notice. These notices provide data subjects, such as
It’s often said that living quarters and working areas should be kept entirely separate to strike the right balance between productivity on the job and a happy home life. But not everyone has the luxury of an extra room, and even if they do, its primary function may already be determined as the guest room,
Chasing late payments is one of the most frustrating parts of running a small business. Without Trade Credit Insurance, unpaid invoices are more than simply an inconvenience, they can prevent businesses from growing – or even plunge them into debt. 17% of all payments in the UK are made late……while nearly 10% are eventually written
The British Standards Institution (BSI) has developed the world’s first international standard for occupational health and safety management, with input from over 70 countries. Aiming to address the global need to improve the health and safety of workers, ISO 45001 encourages employers to view occupational health and safety as an investment, rather than a regulatory
Nobody hopes for a business catastrophe, but the best entrepreneurs will plan for one with an incident response team. Whether it’s flooding after a natural disaster which damages stock and premises, or a server outage which prevents online orders, “unforeseen circumstances” can wreak a wide scope of havoc on your business. How long could your business survive if your
A few inches of powdery snow might send the nation into a frenzy, but business owners will testify that the prospect of a day off work can have a serious impact on profits. However, a little bit of preparation can be key to avoiding disruption – and business interruption. Employee Attendance Bad weather often throws
