Megan Dunsby, Author at Business advice from is4profit | Page 2 of 2's Posts

86% of Small Business Owners Say “Future Growth Relies on Millennials”

86% of Small Business Owners Say “Future Growth Relies on Millennials”

UK small and medium enterprises are reliant on millennials-those born between 1980 and 2000-to ensure the future success of their business, according to new research by Lloyds Bank. The survey, which questioned 400 small firms with turnover of between £1m and £25m, found that 86% of business owners were dependent on recruiting millennial talent and the research indicated that small businesses are, on average, spending 15% of their annual revenue to recruit millennials. More than three quarters of the business owners surveyed said they feel under pressure to sell themselves to millennials and a third admitted that they have worried a young candidate has turned down a job offer because they didn’t like their business culture. 25% of business owners even said that they wanted a millenni... »

Small Business Employees Call for Better Access to Technology

Small Business Employees Call for Better Access to Technology

UK workers in small and medium businesses are demanding that employers provide them with better access to technology in the office, and have raised concerns that lack of access to, and understanding of, new technologies is impacting on their job satisfaction. According to a survey by CV-Library of 2,400 workers, 68.3% of employees said they would feel more valued if they received improved tech access in the workplace and 74.5% believe better access to tech equipment is “essential” to success within their industries. Only 61.8% of small business employees feel their boss provides “adequate access” to necessary technology, falling to 40% for trainee employees. Yet, while many employees want improved tech facilities, 44.7% said they are increasingly worried that tech-e... »

China Has Become Britain’s Sixth Largest Export Market

China Has Become Britain’s Sixth Largest Export Market

With exports having grown by 12% in 2014 to £13.9bn, British businesses are now exporting more to China than Belgium and Luxembourg – according to an analysis of ONS data by Santander Corporate & Commercial. China is now the UK’s sixth biggest export market with Ireland fifth then France, the Netherlands, Germany and America; the latter being the the UK’s largest export market – accounting for £36.9bn worth of all Britain’s exports. UK businesses have also increased exports to Hong Kong by 11% to £6.3bn, meaning the combined value of exports to Hong Kong and China in 2014 is £20.1bn – more than France at £18.9bn or the Republic of Ireland at £18.6bn. The report also revealed that British companies are taking advantage of fast developing markets, with exports to the United A... »

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