Let’s face it, for most change is daunting. It’s human nature to revert to your comfort zone. Unfortunately, in today’s digital world, change is the acceptable norm.
I’ve always liked watching start-ups form, grow and enter the SME space. It’s truly fascinating to watch a business graduate from the “one great idea” stage.
Technology is no longer merely something of the future or something that is only for those who work in the industry. For technology is now all around us and is benefiting millions of individuals and businesses on a daily basis in a multitude of different arenas.
UK life sciences firms are continuing to look to emerging markets for growth opportunities as healthcare spending in the UK contracts, with the National Health Service (NHS) set to achieve an unprecedented efficiency savings of £50bn by 2020
With the AA predicting car insurance will rise by up to 10 per cent over the next year, it is vital for insurance companies across the board to realise the importance of a strong and relevant customer retention strategy. And with figures suggesting that the cost of acquiring a customer is five times greater than keeping an existing one happy, insurers must ensure their strategy focusses on enhancing brand loyalty so that customers don’t walk away, should premiums rise.
Economically I think this is a good time to start a business. I don’t know if there’s a ‘secret’ to making it work other than hard work and perseverance – but what I can pass on are things I have learned along the way.
With the election looming, somewhat predictably the Chancellor went for a budget aimed to please individual voters rather than entrepreneurs. There were a few measures of potential interest to business owners (and particularly for those operating in the technology sectors), but a lot of the good news was in the form of consultations and future reviews rather than concrete measures.
In our capacity as a digital agency we find that many small businesses lack a real objective awareness of who they are or what their market place is. There is a lack of consistency in their branding or marketing materials; a jumbled approach that has been tacked together over time, rather than a coherent plan of action.
It’s an exciting time for small businesses as consumer confidence continues to grow and thoughts turn to expansion.
Recent research from TalkTalk Business, found that more than a fifth of businesses see growth as their top priority for the next 12 months, but just 27 per cent are ‘very optimistic’ about achieving this goal. So what’s going wrong and how can SoHos and SMEs be given the tools they need if they are to grow?
Posted on 25th March 2015 in Business Growth.
The franchise sector is a modern-day success story for British business. While the UK economy shrank by 2.5% between 2008-13, franchising revenues grew by 20%, making it one of the few industries to demonstrate strong growth during the recession. By 2013 the franchise market grossed £13.7 billion, contributing almost 1% to UK GDP.
There are over 2.9 million home-based businesses in the UK contributing around £300 billion to the economy and, with around 1,400 new businesses being started from home each week, this is not a flash in the pan phenomenon. Spanning the whole spectrum of industries, from accountants and lawyers, to authors and chefs, these people are harnessing modern technology to create, on the whole, a far more appealing work life balance. The old adage of a ‘cottage industry’ no longer applies to these businesses that can easily compete in the global market place despite being based in a spare room, or at a kitchen table.