Business Butler | Smes Blog

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Businesses urged to slash prices

A new government campaign has begun to try and get businesses to reduce their prices for consumers. On Monday evening the new tsar at Number 10, David Buttress, asked business leaders their ideas on “how to help” fight the cost of living as it keeps rising.

In a BBC article it was discussed that a government source has given information to the broadcaster concerning the government’s plans...

Are Avatars the future for SMEs?

Can you imagine as a business owner that some day in the future you will be able to sleep easy, safe in the knowledge that while you are getting some much deserved rest your business is being run by an avatar version of you. 

I know, it sounds far-fetched but when you think about how quickly technology...

When team building exercises go wrong

Team building exercises can be beneficial for employees if done correctly. They can help boost morale, be an interesting way to help employees bond and get to know each other. But, occasionally they don’t go according to plan… Sometimes a team building exercise can go horribly wrong if poorly organised and if it’s not planned in advance. Recently, a team bu...

The importance of having an exit strategy

In today’s blog we will be going through and discussing the different types of exit strategies, what they mean, and how you can put them in place in the early days of creating your business. Exit strategies are an important part of anyone’s business plan and fundamental for, of course, the latter days of your business depending on the time frame you put in ...

What is a lasting power of attorney and why is it important?

In today’s blog we will be looking at what a lasting power of attorney (LPA) is and why it is important. A lot of people aren’t too savvy on the subject so today’s aim is to shed light on the process, how it works and why it is so essential, especially for business owners.

So, what is a lasting power of attorney? Well… a lasting power of attorney is a legal document in which you can allow...

R&D Tax Credit Changes Explained

R&D Tax Credit Changes Explained

During the 2021 Autumn budget, the government confirmed the addition of an extra R&D tax credit cost category: data and cloud computing. This announcement has been much anticipated following the 2020 consultation on qualifying criteria and has been welcomed by companies and advisors alike.

Matthew Jones, managing director, Li...

Staff handbooks – what are they and why do you need them?

In today’s blog we will be going over what staff handbooks are and why businesses need to make sure they have them. Firstly, what is a staff handbook? A staff handbook, which can also be referred to as an employee manual/handbook, contains a number of policies and documents which tell everything that employees need to know about working at a business.

How Explainer Videos can benefit a Business

In today’s blog we will be discussing how explainer videos can be beneficial to businesses of any size. Explainer videos can be a very important step in your business’ marketing strategy by helping your target audience really find out what your business does as a whole and what you’re trying to achieve.

One of the world’s market-leading animated explainer video companies, Wyzowl has said ...

The benefits of using a Virtual Assistant

Running a business is hard and lets be real there aren’t enough hours in a day to get everything you need done by yourself. Being a business owner can involve juggling a whole load of different responsibilities and it can be tough and stressful. There are many ways to combat the number of entrepreneurial responsibilities a business owner can face day-to-day...

Hosting an event can be great for business

After being in lockdown for so long, what a relief it has been for people to be able to go to actual events again. No more needing to log into virtual events, you can now mingle and see other people… face-to-face, believe it or not! Following lockdown it feels like there’s more of a sense of community, which is lovely to see. If you haven’t already, then I ...

An unforgettable day at the Business Mindset conference

The power of the mind should not be underestimated and peak performance coach, Mr Jim Steele, proved that in the opening minutes of his captivating Business Mindset Conference in Cardiff. The event was held in the majestic Cornerstone Arts Centre and Community Hub, a converted chapel, where Steele preached to the masses about the benefits of having a business mindset.

A vibra...

The importance of streamlining business processes

The importance of streamlining business processes 

Every business aims to be slick, efficient and agile, which is why streamlining your business processes is essential. In today’s blog we will be going through the importance of this for any sized business and also a few ways you can start to achiev...

How to use to LinkedIn effectively

Many professionals use LinkedIn everyday but not everyone does. I know myself as I have only recently been introduced to using LinkedIn and have found it profoundly eye-opening. Today we will be discussing the many perks of using it, why it is important for professionals to use, and how to use the platform effectively. Afterall, some people do say that a LinkedIn profile is no more than just an...

The importance of Public Relations

In today’s blog we will be going through the benefits of working with a Public Relations (PR) consultant, explaining why it is important for small businesses to do so, and discussing the misconception that PR consultants are only needed for big businesses.

There are many reasons why PR can be crucial to a ...

Intellectual Property and its Importance to small businesses

In today’s blog I will discuss the meaning of intellectual property and also its importance to small businesses. Intellectual property also known as IP is used to refer to anything that has been created such as; literary pieces, designs, inventions, brand names, and also musical pieces. IP is protected by law through patents, trademarks and copyrights which allows the author to have the authori...

The advantages of using animation for your business

In today’s blog I will be discussing the advantages of using animation for small businesses. These days if a business doesn’t have suave marketing and silky branding then the chances are they probably won’t get too far. The use and need for animation within businesses is becoming more and more popular and is understandable when you consider the benefits.

Powerful and engaging

The importance of a Business Mindset

When you look at successful people in business they all share several traits but the most important of these arguably is a business mindset. This is often referred to as an entrepreneurial mindset but either way the key point to note is that anybody can learn how to develop such a positive and rewarding mindset.

What is a business mindset?

A person with a busin...

Great news for online shoppers

New rules have been put in place to make fake reviews online illegal. As a result people are going to be more protected from fake reviews as well as subscription traps, with new plans to tackle rip-offs head on. Part of the plan that has been proposed is to make it “clearly illegal” to pay anyone to write or post reviews that are fake. Furthermore, there are plans to fine firms up to 10% of the...

8 Questions to consider when starting a business

Have you ever had thoughts about whether or not you should turn your hobby/passion into a potentially profitable business? It’s fair to say that most people would have had these thoughts at some point, I know I have! Today I am going to be going through 8 important questions to ask yourself before considering starting a business of your own.

What is the core motivation for startin...

Streaming services are struggling

In a recent article it was discussed how Netflix has been losing their subscribers which hasn’t happened in ten years, which is leading them to consider using advertisements. You would have thought the opposite was happening with all the recent success of some Netflix owned releases, it is surprising to hear. Netflix have shed the blame onto factors including the increasing competition from oth...

Issues facing the public sector

Figures show that public sector pay for jobs such as; teachers, NHS workers and civil servants has fallen further behind price rises in the three months to February. Some see this as the biggest squeeze for public sector pay in 20 years.

Escalating cost of living

Wages for public sector workers have risen but price rises have actually ended up outpacing them. This m...

The importance of a digital marketing strategy

As many business owners know, digital marketing is essential for growth and having a good, structured plan can do wonders for your company! Today I am going to be explaining what digital marketing is, how you can use it, and the steps you need to take to create your own digital marketing strategy.

What i...

Is ditching your smart phone a clever move?

Almost everyone nowadays has a smartphone. Whether it be for work or just keeping in contact, the smartphone is an everyday appliance that can be found in almost every home. There are even tech-savvy subcultures who pride themselves on getting the newest phones, finding everything about the latest hardware used, camping overnight outside a shop to purchase the latest drop, there are many people...

Small Businesses fear Rising Energy Costs

In a recent article pub landlady Maggie Holmes said that businesses and customers are going to suffer due to the rising energy costs. Small business owners in a village in North Yorkshire have said that they have had no choice but to raise their prices due to the cost of bills. The rising energy costs will affect everyone’s pockets it seems! It has been said that millions of people will be...

How much will the National Insurance rise cost your business?

The Government is planning a £11bn National Insurance tax rise to pay for social care. It looks like it has the capacity to cause strain, hurt the economic recovery and create more unemployment. Mr Kwarteng, Secretary of State for Business, is said to be worried about the tax rise as he believes it could reduce the numbers of hiring as the cost of each staf...

Was the Kickstart Scheme a success or failure?

The UK’s Government Kickstart Scheme has just stopped taking anymore applicants. The scheme works to give 16 to 24 year olds who are on Universal Credit opportunities to “kick start” their careers. The scheme has been praised but also scrutinised for the lack of ‘good’ jobs available. I myself can pledge that there are a fair few questionable jobs involved ...

Why is the Chief Happiness Officer role becoming more popular?

In this blog I will be discussing what a Chief Happiness Officer is and why the role is becoming more popular amongst workplaces. It may seem like a made-up title or perhaps not much of an important job but in recent times happiness officers have been helping companies bloom.

In essence the chief happiness officer is a HR Manager with a certain qualification and certain beliefs in that ha...

Home Working, Hybrid Plans and Office Life

After such a long period of working from home, from it being a necessity to it being a more productive way of working, while knocking time of travel to zero, many offices now have workers coming in just like the old days! Many other businesses have adopted hybrid work week schedules. Having employees only coming in for half of the work week or two days in the office and three days working from ...

Amazon and How They Use Their Customer Data

If you’re reading this you definitely know and have heard of the mammoth company that is Amazon, but do you know how they handle their customer’s data? With Amazon’s yearly revenue reaching £290 billion it’s safe to say that most households are taking advantage of their fast paced delivery service, but is it safe to say that the majority of the 200 million people don’t know how Amazon is using ...

Maximising the Benefits of Zoom for Small Business Owners

In today’s blog I will be discussing the benefits of using Zoom for small business owners. I will be delving into how to maximise these benefits to suitably fit your business’ needs. When the start of the pandemic hit employees were made to stay-home and work, of course this had its ups and downs. Whether it be the terrible hit to business’ communication or the lack of understanding of how work...

The Importance of writing a will

When a loved one passes, emotions and tensions can be high and we’ve all heard the dreaded dispute stories.. Today I will be discussing the importance of writing a will. Nobody likes thinking about death but it is an everyday reality, and having your inheritance sorted out and pursuing an all-round feeling of fairness between family members can have a big impact on loved one’s lives. Making a w...

Why there's nothing 'small' about small business

Big ideas, big ambitions, big plans, big(ger) competitors, big (massive!) decisions, big risks (certainly), big returns (maybe). Isn't it time we cooked up a new way to describe those businesses with fewer than 250 employees other than SME, the 'small and medium-sized enterprise'?

Out of small acorns…

It's such a misnomer and a discredit to the sweat, blood, to...

Why Having a Retirement Plan is Important

Today I am going to be discussing the importance of having a retirement plan in place. There are many questions that surround retirement plans such as; “Will I end up running out of money? Will I even be able to retire when I would like to? Is there any way to be sure of having the retirement I want?” Well…Today I am going to try and answer a few of those questions for you!

What i...

How Hiring A Bookkeeper Can Help Small Businesses

The bookkeeper can play a vital role if incorporated into a small business. Hiring a bookkeeper can help your finances make more sense and can help free up time for other tasks that might need doing, usually when starting a small business the bookkeeping responsibilities would fall on yourself. Today I am going to be discussing how hiring a bookkeeper can r...

Jetting off abroad and other staff rewards

Company bonuses have always been around, they are a great way to boost morale and can help with productivity. A recent article went into how a Cardiff firm gave staff a free all-inclusive break to Tenerife. Yolk Recruitment Ltd. paid to take their 55 staff on holiday to thank them for continuing to work through the pandemic.

Running a business in Wales is stressful

Business owners life’s can be stressful enough just by navigating the day-to-day. Due to the energy crisis and the cost of living rising it seems like the next few months are going to be difficult. Figures suggest that business owners in Wales are experiencing the highest levels of mental health issues when compared to the rest of the UK.

Finance is a key reason

The importance of cyber security

As we all know technology runs the world. Due to the covid-19 pandemic without it most businesses would be halted at a stand-still. Whether it be; processing and shipping orders, communicating over email, or paying employees, most businesses are extremely reliant on their IT infrastructure to operate effectively.

A positive outlook for startups in the future

Running your own business is a dream for many and for those who manage to achieve theirs the rewards can be amazing. However, as with anything rewarding it takes a lot of hard work to succeed and there are challenges to overcome and risks to consider - and the risks are significant.

Rewind two years to when one in five businesses failed in the first year of trading and three out of e...

Late payments reach crisis point for small businesses

Running a business is difficult at the best of times and there are always challenges to overcome. One such recurring challenge that small business owners face is that of late payments and recent research reveals that the issue is reaching crisis point.

The Federation of Small Businesses (FSB) has said that more than 440,000 small firms could go out of business because of late payments and...

Companies are slashing sick pay for unvaccinated workers

IKEA has recently announced that it is slashing sick pay for unvaccinated staff who are forced to self-isolate due to being in close contact with someone with Covid-19. They will only be entitled to Statutory Sick Pay of £96.35 a week unless there are mitigating circumstances. This is a massive decrease compared to the average gross wage of £400 for shop floor workers.

A spokesperson for ...

Discovering yourself with a DISC assessment

Understanding what drives your actions and behaviours is key to personal growth and achieving your full potential. Yet it is surprising to know that most people strive to achieve personal and professional goals without this valuable insight. Personality tests are an ideal way of discovering this, so let’s find out more about one particular type of assessment.

DISC assessment is one o...

Improving your business for the year ahead

New year resolutions are great if they are adhered to but for whatever reason resolve for personal promises begins to wane for many before January is out and the vast majority have been cast aside by the time spring arrives. However, the results are different when it comes to business.

All business owners understand that they can’t afford to treat company goals and objectives with the sam...

Small business owners facing a challenging new year

With so many businesses struggling with debts as a result of the Covid 19 pandemic and the furlough scheme having ended two months ago, only now are we beginning to see the devastating effects on small businesses.

Recent research reveals that a third of small businesses in the UK are planning on making redundancies over the next few months and this figure increases to four out of 10 ...

Bounce Back Loan fraud to cost taxpayers billions

Payments made from the government’s Covid emergency lending programme to fraudulent companies will cost taxpayers £4.9 billion. The funding was essential to safeguard millions of jobs and keep businesses afloat but in the rush to make the credit available it appears that fraud prevention measures were not implemented in time.

Concerns were raised before launch

The g...

The growth of the gig economy

The number of people working in the gig economy in England and Wales has almost trebled in five years according to research published by the Trade Union Congress (TUC). The TUC estimates there are 4.4 million gig-workers, which equates to 14.7% of the working age population, this is a significant increase from 5.8% in 2016.

What is the gig economy?

There is no ...

Portugal introduces legislation to protect homeworkers

Portugal has made it illegal for employers to contact staff by phone, text message, or email outside of their normal working hours. The ground breaking legislation titled ‘right to rest’ is aimed at improving work-life balance following an increase in the number of remote workers.

Attracting entrepreneurs to Portugal

Portugal's Minister of Labour and Social Security...

Big Boss may be watching you

Ever since the mass migration to homeworking there has been one big concern facing business owners and managers. Will the staff be as productive working from home (WFH) as they are in the office?

Trust is crucial

The word trust is often banded about as being a key component in developing long-term relationships between a business and its customers. Trust, however, i...

Companies are not promoting flexible working

Recent research reveals that three out of four job vacancies advertised in the UK don’t offer flexible working options. The annual survey conducted by Timewise, a flexible work consultancy firm, tracked more than five million ads for 17 key words or phrases, including job-share, home-working and part-time. Their findings from the survey showed that just 26% of job vacancy ads posted contained a...

UK Businesses commit to tackling climate change

Business leaders in the UK have been focussing on Glasgow this week, or if they haven’t then they should have been. Scotland’s biggest city is hosting the 26th meeting of the Conference of Parties, or COP 26 as it is more commonly known.

The global United Nations summit features world leaders, scientists and eminent guest speakers addressing the issues facing our planet, with t...

Virtual networking isn’t going away

As life slowly returns to normal it is great to see fans flocking to sports stadia, shoppers returning to the high street and the hospitality industry welcoming back all manner of social gatherings.

On the business front, it is just as satisfying to see awards ceremonies filled with jovial attendees dressed to the nines, bustling trade shows and the return of physical networking even...

The Autumn Budget and what it means for businesses

The Chancellor of the Exchequer, Rishi Sunak was never going to be able to please everyone with his autumn budget and there were always going to be winners and losers, but let’s have a look at the key points for businesses from his budget statement.

The Chancellor confirmed that the Office for Budget Responsibility (OBR) anticipates that the UK economy will grow by 6.5 per cent this year ...

Unequal spread of equity finance for businesses across the UK

The first annual Regions and Nations Tracker published by the British Business Bank has revealed alarming regional disparities in accessing equity finance and private debt in the UK.

Although more than 40% of businesses were accessing external finance in 2021, the lack of local investors in certain areas means that there are lost economic opportunities across the UKs regions and nations.

Plans to encourage young talent to stay in Wales

Wales is facing a crisis as young people desert the principality in search of more rewarding and successful careers elsewhere. The Welsh government is looking at plans to arrest the exodus because if it continues at its current rate there will be severe ramifications for the country’s economy. With the number of working-age citizens continuing to fall, the government is concerned that it will h...

Welsh Companies Increase Access to R&D Tax Credit Relief

What is the R&D Tax Credit Statistic Report?

HM Revenue and Customs (HMRC) have released their latest Research and Development (R&D) Tax Credits Statistics Report; sharing data for accounting periods ending during the 2019-20 tax year. The report, published each year, provides valuable information on the number of UK companies benefiting from the relief and the va...

Turning digital proves rewarding for small businesses

Research indicates that during the pandemic the majority of small businesses in the UK increased their social media presence and are now benefitting from their digital exploits. The past 18 months have had a devastating effect across all sectors and as physical operations ground to a halt business owners were faced with having to pivot in order to survive.

Results from a poll of 1,000 UK ...

The Kickstart Scheme has been extended

Rishi Sunak, the Chancellor of the Exchequer recently announced that the Kickstart Scheme has been extended until March 2022. The scheme gives employers funding for creating jobs for 16 – 24 year olds who are on Universal Credit. The Kickstart Scheme was launched in September 2020 and was allocated £2 billion in funding to provide 250,000 high-quality jobs for young people following the economi...

The self-employed could be facing a pension crisis

Being self-employed sounds attractive and there are several advantages when compared with working for someone else, such as greater flexibility with your working hours and not being answerable to anybody. However, there are also disadvantages, one of which is the fact that pension payments are solely down to you. There is no employer contributing to your pension pot, so in simple terms, if you ...

Farewell to the furlough scheme

The furlough scheme, which has safeguarded millions of jobs during the past 18 months, finally closed at the end of September. The Coronavirus Job Retention Scheme, as it was officially known, was launched in April 2020 when large parts of the UK economy were forced to close because of the Covid-19 pandemic.

Under the scheme, the government contributed up to a maximum if £2,500 per month ...

One Simple (But Essential) Thing Leaders Can Do To Improve Employee Engagement

Your people are your company’s most important asset. Cheerful employees are likely to be more productive, but employee engagement is complex - where do you start?

Engaging your team is critical to business success. The holy grail is to have employees who are excited to come to work each day. To achieve this, they need to do what they do best, feel connected to their cowor...

Amazon is paying staff a bonus to be on time

Amazon is a company that divides opinion and is often in the news regarding staff welfare issues. This time though the news appears to be positive from the world’s leading online retailer. 

The American giant has started paying staff a £50 weekly bonus at some of its UK warehouses, which is very generous of them, but this isn’t performance related, it’s just for being punctual. Now c...

The Power of Video Content

Everywhere you look online you are inundated with content as businesses vie for your attention and hopefully your custom. Most of the time you just ignore all the noise but now and then there is a post that will catch your eye and it will probably be a video clip.

More and more small business owners are realising that video content is an effective way to connect with prospects and custome...

The importance of tone of voice for a startup

The importance of branding in the competitive world of business cannot be understated. It is what distinguishes a company from the rest. Branding covers a multitude of disciplines and purposes. Branding needs to be a true representation of a business, communicating how it wants to be perceived and why prospective clients should choose them over all the others in a saturated market.

The ro...

How to get funding for your startup: 7 key mistakes that most founders make

Getting the right kind of funding for your startup is a challenge. You have to find it, get approved, and then use it wisely. But there are many mistakes that too many founders make when they're trying to get their company off the ground. In this post we'll cover 7 key mistakes you should avoid so you can raise enough money for your startup without sacrificing any equity or valuable resources.

A Virtual Assistant is great for business

Running a business can be exciting, challenging and draining, both physically and mentally. There are so many things to remember and not enough hours in the day to get everything done. Thankfully business owners don’t need to carry on getting more and more stressed because there is help at hand. The solution is to outsource wherever possible, or to be more specific, hire the services of a ...

The importance of training for small business owners

Latest research indicates that 20% of startups will fail in the first year and 60% won’t succeed past year three, startling figures that would put many people off trying in the first place but business owners are brave at heart. A lack of financial management knowledge is often quoted as one of the main reasons why businesses fail and with that in mind it is essential that business owners equip...

Artificial Intelligence, clever thinking but embrace with caution

Artificial Intelligence (AI) is having a greater influence on everyday life as more and more industries seek innovative solutions to a myriad of problems. You may not be aware that as you travel, work, dine, shop and participate in a host of other leisure activities, behind the scenes AI is hard at work.

But what exactly is AI? Well without getting too complicated, AI can be defined as th...

Is Amazon the new friend of small businesses?

Amazon is a company that divides opinion more than probably any other. This behemoth American corporation has grown at an astronomical rate since Jeff Bezos started selling books from his garage in 1995.

In its quest for global domination Amazon has consumed everything in its path and has been blamed for the closure of thousands of businesses worldwide. The majority of these hav...

It’s time to return to the office…

Following the announcement that people in England no longer have to work from home (WFH) from 19 July – and the rest of the UK will follow suit shortly - there will be tens of thousands of workers preparing to return to their offices for the first time in 18 months.

This is great news for business and the economy, although there is still some confusion about what this actually means, so h...

Why Customer Experience Should be Part of Every Marketing Strategy

A Guest Blog by Mel Evans, Customer Experience Expert

At a point where you need customers more than ever, it is critical that businesses now focus on their marketing and customer experience (CX) as a central platform to their business development.

At difficult times in business the first response is to make cuts: staff, overheads, stock, facilities, services, etc…it...

From Startup to Scale up

OK, so everything has gone according to plan, or even exceeded expectations and your startup has reached the stage where it has become too big and you need to take it to the next level. Give yourself a pat on the back because this is an impressive achievement and not all business owners reach the stage where their startup is ready to scale up.

The scale up phase of a business can be ...

5 steps to get the best from your business social media

A Guest Blog by Julie Plumb, Digital Marketing Expert.

How do you choose the right social media for your business?

Our advice is always not to try and spread yourself thinly across every single platform that you've ever heard of. Choos...

Should small businesses return to the office or continue working remotely?

Business owners are renowned for making tough decisions, it’s part and parcel of what they do. From hiring and firing to expansion and closure, if you don’t like making important decisions then don’t run a business. The latest decision facing business owners is one that they would never even have contemplated 18 months ago - should they continue running the business remotely or return to t...

Cloud Communications for the SME in 2021

In March 2020, the World Health Organization declared Covid-19 a pandemic and overnight the whole of the UK made the abrupt shift to working from home as businesses and organisations quickly executed Business Continuity Plans (or in some cases had to evolve on the fly).

With a restriction on travel and the near blanket closure of shared office spaces, we have all had to adapt, and work be...

The Power of Customer Insight

Long gone are the days when companies were satisfied in just selling products, regardless of who were buying them, let alone why. Then, as competition grew and customers had a greater choice of where to spend their money, businesses had to become more customer focussed. Customer service was seen as the panacea, as long as a business treated its customers well, or just better than its competitor...

5 reasons why legally protecting your brand is extremely important

Starting your business is super exciting. You just want to get going with the fun stuff…but often this means that the more ‘boring’ things can be left out. This frequently comes down to legal matters.

As uninteresting as it may seem, protecting your business from a legal perspective is INCREDIBLY important…this includes making sure your BRAND is protected. Whether it be your business name...

Patience truly is a virtue for thousands of small businesses owners

Tens of thousands of small business owners across the UK thought 2021 had got off to the best possible start when a ruling made by the Supreme Court in January found in their favour regarding insurance payments to cover losses caused by the first national lockdown.

The fact that business interruption insurance policies were going to pay out was welcome news during the most difficult econo...

Getting the most out of your virtual team

Working from home (WFH) was something many workers had never experienced prior to lockdown last March and was usually only a familiar practice among freelancers in specific sectors. Many business owners and directors approached remote working with trepidation, which was understandable because it was unchartered territory.

Now fast-forward 12 months and despite lockdown restrictions finall...

Government launches new scheme to help small businesses

Small business owners across the country were waiting with anticipation to hear whether the Chancellor would be the bearer of good news when he announced the budget, after all they had suffered more than most, and any support would be welcome.

Rishi Sunak has endured a challenging year as Chancellor of the Exchequer, and as the saying goes...”you can’t please all the people all of the tim...

Six reasons why a virtual company Christmas is a good idea

A Guest Blog by Caryl Thomas, HR Expert.

This time of year is usually filled with festivities. From Christmas parties to the legendary Secret Santa gift exchange, there is normally no shortage of reasons to get together with friends, family and co-workers during December.

But after a difficult year curtailing coronavirus, and with continued efforts to keep the risk ...

The Business Landscape of Wales this Autumn

A Guest Blog by Graham Morgan, a Business Expert.

There were 267,000 business enterprises in Wales in 2019 according to the Office of National Statistics and this was the highest number recorded over the period from 2003. The growth from 169,000 enterprises in 2003 has been consistent year on year. Small and medium sized businesses(SME’s) accounted for 62.4% of the estima...

Making sure your business is ready for the road ahead

A Guest blog by Graham Morgan, Business Expert.

Wales has recently exited its second nationwide lockdown of 2020. The Welsh Government’s decision to go for a short sharp ‘circuit break’ was based on increasing trends in Covid infection rates across all parts of the country. Certainly not as severe as the lockdown of March, April and May, given many businesses continued tr...

It’s the end of the Furlough Scheme – so what happens next?

It is that time of year when the clocks have just turned back, the nights are drawing in and children across the country start to feel a little bit frightened as Halloween fast approaches.

However, this year millions of adults are also filled with fear and it’s not down to the ghosts and ghouls of Halloween. No, this is fear of the unknown because the end of October marks the end of ...

What is a brand and why is branding important?

Everybody has a favourite brand, don’t they? I mean as I teenager, for some unknown reason, I loved Adidas, Pepsi and Wrangler! Not quite sure why because my friends went for Nike, Coke and Levi’s – maybe I just liked to be different.

When you are young and impressionable you don’t tend to look at the reasoning behind such decisions. However, when your are older and wiser and especially w...

Shareholder protection insurance explained

OK, let’s fast forward a few months and life is beginning to return to normal, or as close to normal as it was before the coronavirus pandemic. On a personal level, sales are shooting upwards as customers who have been starved of your products and services make up for lost time, margins are equally impressive, and your bottom line is looking healthier by the day. All in all, your business is ge...

The Bounce Back Loan Scheme explained

Bounce back is a phrase that you will hopefully be hearing a lot more of during the coming months, whether it is in relation to the economy improving, businesses trading again or inspirational stories of survivors of Covid-19. But at the moment you are more likely to hear it in relation to funding because the Bounce Back Loan Scheme is the latest government initiative to help small businesses t...

Tax Relief for Business Property Owners

Money, or the lack of it, is a concern for businesses at any time but during the current economic environment it takes on even greater significance. Business owners are constantly looking at ways to reduce costs without sacrificing quality or raise margins without losing customers, and even for businesses robust enough to survive the worst economic crisis on record, every pound counts.

So...

Employers' liability insurance, who needs it and what does it cover?

There are so many things to remember when setting up a business and what with all the excitement and hullabaloo, there appears to be so little time to do them all. From writing a business plan and deciding on a business name to choosing a legal structure and finding suitable premises. Then there is the bank account to open, website to design, licenses to apply for, suppliers to source, contract...

R&D tax credits, what are they and how do you get them?

Can you imagine as a business owner being entitled to thousands of pounds and not even knowing? How frustrating would that be? Sounds too good to be true, does it? Well it is true and thousands of businesses across the UK are failing to take advantage by not making a Research and Development (R&D) tax credits claim.

In fact, recent research suggests that less than 20% of eligible SMEs...

How could a business consultant help your new business?

You may think that business consultants are only useful for larger, established companies, that have seen performance plateau or sales stagnate and require help to guide them in the right direction.

However, what you may not realise is that business consultants can be equally effective when working with new businesses. In fact, using the services of an experienced consultant as a new busi...

The improved Coronavirus Business Interruption Loan Scheme

When the Coronavirus Business Interruption Loan Scheme (CBILS) was first launched last month, it was welcomed with open arms by businesses across the UK. However, it soon became apparent that the CBILS was not the panacea that businesses hoped it would be and it wasn’t long before the scheme started attracting criticism.

In response to this, Rishi Sunak, the Chancellor of the Exchequer, r...

SME’s spending more on tech services

A recent report into the spending behaviour of more than 133,000 small-and-medium-sized enterprises (SME’s) in the UK over the past 10 years has just been published and makes interesting reading.

We’ll take a look at some of the pertinent points from the comprehensive report now. The global report actually covered a total of 250,000 SME’s across the UK, US, Canada, France and Australia wi...

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