A Guide to Embracing Digital Transformation

02/08/2023

A Guide to Embracing Digital Transformation

Digital transformation must be embraced by every business for various reasons. These include to avoid falling behind competitors, to strengthen security and cut down on security breaches, and to remove the reliance on legacy software. A digital future requires digital transformation now, but where do you start? Here’s an explanation of what digital transformation is […]

How to Manage a Business Crisis

31/07/2023

How to Manage a Business Crisis

Did you know that the UK is facing its longest recession on record? Data shows that, with this crisis looming, uncertainties about business safety are rife and industries such as real estate are being hit the hardest. A business crisis often occurs unexpectedly, throwing your business into turmoil. However, this doesn’t mean you cannot have […]

Tips for Businesses Struggling with Skills Shortages

28/07/2023

Tips for Businesses Struggling with Skills Shortages

Unfortunately, the British economy has not yet recovered to pre-pandemic levels and the skills shortages remains a familiar problem for UK employers, particularly within transport and logistics, hospitality and manufacturing and construction industries. Impacting both productivity and profit, data reveals the reasons for this slow recovery are pandemic repercussions and tight post-Brexit immigration law. In […]

Tips for Navigating Conversations About Pay in the Workplace

26/06/2023

Tips for Navigating Conversations About Pay in the Workplace

When it comes to your career, knowing how to ask your supervisor for a raise is an important but challenging task. Breaking the taboo associated with conversations about pay is crucial to progress! Research from a YouGov poll found that a higher proportion of women (60%) have never asked for a pay rise, compared to […]

Is International Expansion Unachievable for Business Nowadays?

05/06/2023

Is International Expansion Unachievable for Business Nowadays?

According to new research from HedgeFlows, a leading fintech platform, of 500 UK SME owners, nearly three quarters of UK SMEs (70%) have abandoned plans for international expansion due to sky-high trading costs. The survey was conducted by independent polling agency Censuswide in April 2023 and the research quizzed industry chiefs about their plans for expansion, […]

What Industries Have Seen the Smallest Increase in Wages?

02/06/2023

What Industries Have Seen the Smallest Increase in Wages?

New research conducted by UK trading platform CMC Markets reveals the UK industries that have had the smallest increase in wages. By analysing the latest release from the Office for National Statistics (ONS) and featuring results from ONS’ Wages and Salaries Survey since January 2000, the Financial & Insurance Activities industry is top of the […]

The Impact of Finance Concerns on Mental Health of Small Business Owners

02/06/2023

The Impact of Finance Concerns on Mental Health of Small Business Owners

A new survey conducted by Purbeck Personal Guarantee Insurance, the provider of personal guarantee insurance to small business owners, to mark Mental Health Awareness Week, 15-21 May 2023 has uncovered the emotional cost of being your own boss during the cost of living crisis. The owners of smaller businesses which took part in the survey employ 2 to 10 […]

What Industries Have Seen the Biggest Increase in Wages?

02/06/2023

What Industries Have Seen the Biggest Increase in Wages?

New research conducted by UK trading platform CMC Markets reveals the UK industries that have had the biggest increase in wages. By analysing the latest release from the Office for National Statistics (ONS) and featuring results from ONS’ Wages and Salaries Survey since January 2000, the Mining and Quarrying industry is top of the table. […]

What is the Long-Term Impact of Rising Rent Costs for Business in the UK?

06/03/2023

What is the Long-Term Impact of Rising Rent Costs for Business in the UK?

It’s no secret that the cost of living is increasingly on the rise; this is not only affecting basics like food and utilities but is now bleeding into property. As the cost of rent continues to rise with a 13% increase in 2023, many are beginning to wonder how this affects their business and what […]