Business & Industry
Empowering Entrepreneurs & SMEs 2024
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How we can turn the UK’s tech startups into global champions
In a competitive global market, the UK must develop a growth strategy that leverages its strengths in AI, biotech, green technologies and fintech, with robust support for SMEs being crucial. Small and medium-sized enterprises (SMEs) are the backbone of the UK economy, representing over 99% of all businesses and providing about 60% of private sector...
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AI revolution must not leave small firms behind
Find out how small businesses in the UK adopt AI and the crucial need for balanced regulations to ensure their success in this rapidly evolving landscape. Artificial intelligence (AI) was once hailed as something far-fetched and fictional, but almost overnight, it became part of many people’s daily lives. Today, AI outpaces even the rise of...
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Small Business, Green Growth
Amid the urgency of the climate crisis, small businesses are stepping up for sustainability, driving positive momentum and navigating the challenges and opportunities. Recent findings from the ‘Small Business, Green Growth’ report from Small Business Britain and BT highlighted both the opportunities and challenges that small businesses face in this journey towards sustainability. Sustainability opportunity...
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Benefits of switching to online financial management solutions
Benefits of switching to online financial management solutions Switching to online financial management solutions can offer major efficiency and productivity benefits for small businesses as well as bringing new clarity to payments. Predictable cash flow is a significant aspiration for small firms in a world where late and failed payments create major accounting issues. With...
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s Sponsored
Overcoming cash flow and invoicing challenges to boost small business productivity
Small businesses are the backbone of the UK economy but are lagging significantly in terms of digitalisation and, as a result, productivity. Small and medium-sized enterprises (SMEs) are the backbone of the UK economy. In 2023, they accounted for 61% of all UK jobs, with the vast majority of companies employing fewer than 250 people....
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s Sponsored
How hassle-free flexible borrowing and cash flow solutions support SMEs
Small businesses continue to face economic challenges. However, their resilience should not be underestimated — and support is available to help them manage cash flow. Recent years have been financially tough on everyone — that includes small and medium-sized enterprises (SMEs). World events, political uncertainty, rising inflation and supply chain issues have made a disruptive...
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s Sponsored
Redefine recruitment by honing in on inclusive, bias-free hiring
One in four people will leave their jobs in the next 12 months, leaving SMEs with growth challenges. Revolutionise hiring to match the needs of emerging talent. In today’s fiercely competitive job market, SMEs face significant challenges in attracting and retaining top-tier talent. Merit-based hiring process The traditional hiring process, often reliant on CVs and...
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Open banking unlocks real-time data for cloud accounting
Open banking has become a vital part of cloud accounting for the UK’s small businesses, helping them manage their finances more effectively. We first reported on the effect that open banking data connections were having on the UK’s small businesses and their accountants in our 2022 Impact Report. This research highlighted the role that open...
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How modern entrepreneurs can secure financial support and top talent
Modern entrepreneurs must navigate funding, talent acquisition and sustainability while leveraging mentors and incentives to thrive in today’s competitive landscape. Traditional concerns for entrepreneurs and SMEs, such as access to funding and the ability to recruit and incentivise talent, are just as relevant to today’s startups as they were when Steve Jobs, Apple’s co-founder, sought...
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Why diversity extending to supply chains is essential for businesses
Employers are central to addressing inequalities in the workplace and across supply chains so that everyone, regardless of their background, feels included, valued and respected. One in five working-age adults in the UK come from Black, Asian, mixed race or other ethnically diverse backgrounds.1 Employers should work to ensure this is reflected across the UK...