The state of technology and customer expectations are constantly in flux which means companies need to be aware of these alongside general business trends and adapt in order to survive in the long term. Is your business ready for change? Data control Customers are becoming increasingly aware of the importance of their data, the value
Starting a cleaning business requires minimal initial outlays and could be the perfect option for you if you’re looking for a low-cost business within a desirable market. Whilst there are lots of benefits to running a cleaning business, it’s a heavily crowded market and it can take a lot to set yourself apart from the
Cutting costs is never an easy task. Yet sometimes, implementing the smallest changes can add up to substantial long-term savings. Is anyone olive out there? In 1987, American Airlines determined that if they removed a single olive from all of their in-flight salads, they would make an annual saving of around £30,000 each year. Not only did
Longevity and sustainability for a new business are difficult to master. Contrary to popular belief, 30% of new SMEs fail within the first two years, according to the Small Business Association (SBA). The SBA goes on to state that 50% of businesses fail in the first 5 years, 66% in the first 10 years, and
As climate change brings unpredictable weather patterns and extremes, it has never been so important for businesses to have an adverse weather policy. Organisations must balance the need for business continuity against the requirement to avoid unnecessary risk. Without an adverse weather policy, employees may be uncertain about the rules that apply during harsh weather
Is Christmas really Christmas without the classic films that seem to have been with us forever? There are few better feelings over the festive period than cosying up with snacks in front of our favourite movie. For the characters involved, though, it’s stressful, humiliating and often painful. Without further ado, we take a look at
A few inches of powdery snow might send the nation into a frenzy, but business owners will testify that the prospect of a day off work can have a serious impact on profits. However, a little bit of preparation can be key to avoiding disruption due to cold weather – and business interruption. Employee Attendance Bad
Time theft is when your employee accepts payment for work which they have not done the hours for, or similarly if they have done the hours but haven’t completed the necessary amount of work in that space of time. Examples of time theft: Employees taking longer breaks than they’re allotted. This is one of the
Nobody hopes for a business catastrophe, but the best entrepreneurs will plan for one. Whether it’s flooding after a natural disaster which damages stock and premises, or a server outage which prevents online orders, “unforeseen circumstances” can wreak a wide scope of havoc on your business. How long could your business survive if your everyday business processes were disrupted?
Having the right level of trade credit insurance is more important than ever. Between the collapse of construction giant, Carillion, and the downfall of children’s toy company, Toys R Us, recent big-name bankruptcies are emphasising the need for protection against rising insolvencies. Indeed, 26% of UK companies suffered a financial blow due to the solvency
