A growing small business is one that is expanding in one or more ways. There is no single metric used to measure growth. Instead, several data points can be highlighted to show how an SME is growing.
These include: Revenue, Sales, Business value, Profits, Number of employees and Number of customers
Small businesses and SME’s can grow in some of these metrics but not in others. Here are our thoughts, ideas and strategies to help you grow the business your hard work deserves.
With optimism coming from the vaccine rollout programme, UK SMEs expect to be hiring 1.2m staff over the next year.
Renewed optimism is the driving force behind these hiring plans, with an added desire for SMEs to grow their workforce diversity and prioritise employee wellbeing.
Some say everything needs to be online. And they have led you to believe that everything is now actually online and you won’t succeed unless it is. Yet, as we look across the business landscape at how customers and clients are coming back to businesses, there is still a very healthy demand for face to face contact and relationship building. So the sensible and and logical thing to do is to build a business that can offer both.
Some say everything needs to be online. And they have led you to believe that everything is now actually online and you won’t succeed unless it is. Yet, as we look across the business landscape at how customers and clients are coming back to businesses, there is still a very healthy demand for face to face contact and relationship building. So the sensible and and logical thing to do is to build a business that can offer both.
New data has revealed that almost three-quarters of UK consumers (71%) think brands, retailers and small businesses are NOT doing enough to make their beauty and personal care* purchases more sustainable. They also identified plastic waste as the main culprit – around half (46%) see it as the biggest sustainability challenge facing the industry.
Friend of the Small Business owner, eBay has posted some impressive figures after Christmas 2020
Boohoo, the online fashion retailer, has bought the Debenhams brand and website for £55m, but will not take on any of the businesses remaining 118 High Street stores or its workforce.
Whether your business has thrived or barely scraped by this year, it’s been a rough ride. We’re all going to need to plan, strategise, and draw on all the resources available to us next year. With that in mind, I wanted to delve into an interesting trend I’ve noticed and ask this question: will 2021 be the year of the freelancer?
Whatever the reason, sooner or later there will likely come a time when you have to break up with a client. But there’s a right and a wrong way to do that. Here are a few things to bear in mind as you navigate the sometimes-messy process of ending a business relationship.
There’s been a lot of buzz about virtual assistants in the last couple of years. Perhaps you’ve already worked with one, or thought about doing so. But maybe you’re not entirely clear how a virtual assistant (VA) can help your business, or whether you’re at the stage where hiring one would be helpful.
Today, we’re talking about all things VAs!
Do you feel like you keep posting and posting on social media but you’re getting little to no response? Have your follower numbers plateaued? If so, your content might be the problem. Too many business owners fall into the bad habit of only posting when they’ve got something to plug, or posting the same types of content again and again.
Here are a few ways to add variety to your content and get your engagement rates soaring:
