The harsh reality of the brutal economic damage of the UK lockdown is starting to bite and hit most small businesses owners hard. Nearly one in two no longer feel optimistic about the future of their companies and may need to shed jobs in 2020. Almost one quarter don’t think the government support schemes are […]
New research by Small Business Britain and BT Skills for Tomorrow shows early signs of small business resilience, but over half still expect at least a 50 per cent fall in profits A third (36 per cent) of the UK’s small businesses have pivoted their businesses online, and have introduced new products or services (33 […]
By Amanda Walters, an experienced freelance writer and regular contributor to Huffington Post. Building a startup can be exciting but it is also daunting. You wouldn’t start a business if you didn’t think it could be a success and you, of course, hope that it is. But, the reality is that 90% of startups fail and of those […]
Nearly two thirds (62%) of UK small business owners remain confident about their business prospects despite the coronavirus crisis, according to Bionic, the business switching service. The government’s response to the pandemic has forced many SMEs, particularly in the retail, hospitality and leisure space, to close their doors to customers. Responding to the lockdown, 78% […]
The Corporate Finance Network has undertaken research amongst 13,000 small and medium sized enterprises (SME’s) which predicts that in the next 4 weeks, as a result of the COVID-19 lockdown, 18% of all SMEs will not be able to survive, despite the support measures currently announced by the Government.
In the latest issue of the Great British Entrepreneurs Magazine, Jonathan Davies spoke to Dave Linton, founder of Madlug, about his journey from social worker and foster parent to social entrepreneur. It is part of the issue’s Social Series, which looks at the stories of entrepreneurs who put people and the planet before profits.