Small businesses have faced one of the biggest economic challenges in recent history, a report conducted jointly with Xero and the Entrepreneurs Network, highlighted the need to boost digital adoption amongst SMEs as they emerge from Covid-19. The key findings show that: · If the 1.1m micro-businesses (0-9 employees) doubled their uptake of key digital […]
Businesses have stayed connected through video conferencing, but will it ever replace face-to-face meetings? As lockdown measures begin to lift businesses will no doubt be reviewing what worked well and what changes they can make to improve their business going forward. Businesses may question whenever the trip is necessary, or can the meeting be conducted […]
Corporate travel is pretty much non-existent now, and of course, all business events have been cancelled or rearranged for later on in the year. As a result, there is likely to be a high demand in the second half of 2020 as postponed events and seminars take place. Now is the time to digitise some […]
It seems many UK households have taken the opportunity to pay down debt rather than save money during the lockdown. As we could not spend money on entertainment, restaurants and going out it seems households have been able to use surplus cash to reduce credit card balances and loans. “Outstanding balances on loans fell by […]
As the world seemed to be put on pause during the coronavirus lockdown many businesses were forced to look at the way they operated and for many, this was an eye-opening experience. Many businesses now realise the importance of embracing technology, in many cases the crisis forced companies to become more agile. Will accountants need […]
According to the Treasury, £31.3bn has been lent out under state-backed loan schemes to Britain’s smallest businesses. The sheer number of loans approved is at a level that we have never seen before, but banks are worried that as much as half of these loans will not be repaid. While the relative ease of accessing […]
If there is one business type that has had a surge in business over the last few months is eCommerce. Many traditional businesses have had to innovate to survive, perhaps by taking online orders, takeaway boxes, and home deliveries. eCommerce is no longer a luxury it’s a vital part of a successful business strategy, you […]
Less paper equals more productivity, more productivity means more profits! Why wouldn’t every business aim for this? Documents are easier to store, find, manage, and process if they are digitally stored. Therefore, staff should spend less time looking for things! Going paperless is obviously better for the environment and avoids duplication, as you could have […]
The bounce-back loan scheme has been popular with small businesses that perhaps have struggled to get much help from elsewhere. About £40bn has been lent to about half a million businesses through the schemes in just two months, but we have to remember this is ‘not free money’ as I have heard it described elsewhere! […]
According to a Rowe Price survey only 23% of respondents said they talked about money growing up, the fact is your child will learn about money from somewhere, do you want that to be from you or some out of control celebrity on social media? It’s not rude to talk about money, the skill is […]
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