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Brexit Means Brexit: Business Owners React To News UK Will Leave The Single Market

Brexit Means Brexit: Business Owners React To News UK Will Leave The Single Market

Prime minister Theresa May has today confirmed speculation that the UK will leave the European Single Market when it leaves the European Union. Speaking at Lancaster House in Westminster, May said the UK “cannot possibly” stay in the market, as this would mean “not leaving the EU at all.” Established in January 1991, the European Single Market guarantees the free movement of goods, capital, services, and people within the EU, and gives UK businesses unrestrained access to over 500 million customers across the 28 EU states. In response, May said that the UK will seek to get “freest possible trade” with Europe, while also pledging to guarantee the rights of EU nationals living in the UK. Here, UK business owners, and those in the space, react to the news. “It has reas... »

The Effects of Divorce On Business: How To Avoid Problems

The Effects of Divorce On Business: How To Avoid Problems

In my 15 years as a solicitor, I have dealt with every kind of case imaginable from intellectual property disputes to unfair dismissal claims, surrogacy, commercial litigation and insolvencies. Despite the varied nature of my work, there is one area of law that has kept me rather busy in recent years and continues to dominate my team’s work load. Since launching A City Law Firm in 2009, I have noticed an increasing trend of couples going into business together and then sadly divorcing, which can lead to mass ruptures across the business. Going into business with your partner can be hugely positive but there needs to be an abundance of trust, like-minded thinking, honesty and some suitable paperwork. Over the years, I have dealt with numerous couples who have gone into business togeth... »

New Year, New Customers: 4 Ways to Introduce Your Business to People

New Year, New Customers: 4 Ways to Introduce Your Business to People

There is no doubt about it; developed economies are far more robust and resilient than during previous generations. This is largely due to the increasingly deterministic outlook of traders, investors and financial experts, who are familiar with fluctuating markets and have an innate understanding of the underlying laws that govern such change. We have seen ample evidence of this in the UK recently, as the British economy has benefited from strong trade and consumer spending numbers despite the volatility triggered by Brexit. This is creating a strong level of business confidence and sentiment, as companies look to further their growth plans and reinvest into their development. More specifically, there is a growing drive among firms to reach out to new customer segments and increase their m... »

Staying True to Vision and Value: Adapting Your Company Culture, No Matter Your Business Size

Staying True to Vision and Value: Adapting Your Company Culture, No Matter Your Business Size

A company’s culture is one of the most vital building-blocks in establishing a successful business. Not only does it give your employees a vision and values to work by, it also affects the way you lead, and the way others perceive your company. It’s an unspoken social contract that everyone within your business signs up to. When a business reaches a certain point, it’s almost inevitable it will make plans to branch out and expand. This might include launching across additional territories or perhaps growing headcount, either way, as a company develops its culture can be at risk of dilution. This can be down to a shift in focus, strategic expansion or even having to adapt to rising competition. Although each of these factors are fundamental in remaining competitive, they can quickly make yo... »

Getting Your Small Business Set For Christmas

Getting Your Small Business Set For Christmas

For many, Christmas is a fantastic time of year. It gives people an opportunity to forget about their day-to-day stresses, relax and spend some well-deserved time with their family. However, in order to fully relax, you need to rest knowing that your business is all set up and prepared for the festive period. It would be lovely if come 5pm on our last working day in December we could all just get up from our desks, go home and forget about our jobs until early January. Unfortunately it’s not that simple. The Christmas period takes preparation and planning. It’s imperative that each business puts the correct procedures in place before employees abandon the workplace and venture home to spend a prolonged period of time with their loved ones. There are a number of things to take into account ... »

Autumn Statement 2016: A Small Business Perspective

Autumn Statement 2016: A Small Business Perspective

The Autumn Statement 2016 was announced by the chancellor of the exchequer Philip Hammond, with the Runnymede and Weybridge MP claiming that “Britain is open for business.” – despite some uncertainty caused by Brexit. Coming as a slight shock, Hammond announced that his first Autumn statement would also be his last – with the government committing to just one budget a year and the introduction of a spring statement in 2018. Until then, small business owners have plenty to mull over from this year’s Autumn Statement. We take a look at the most important policies here: £23bn National Productivity Investment Fund announced A new National Productivity Investment Fund (NPIF) will provide additional spending to transport, digital communications, research and development (R&D), and housing – ... »

How to Create a Good Media-Ready Case Study Every Time

How to Create a Good Media-Ready Case Study Every Time

When it comes to building reputation, nothing beats the voice of your satisfied customer. A good quality case study can increase your chances of press coverage especially when it is written in a way that attracts journalists. Aside from actually talking to potential customers, case studies are a great way of showing off what you do well and getting your business noticed. They can be used on your website, newsletter or brochure. But getting your case study printed in a magazine or newspaper or posted on an influential website is a sure-fire way to build brand awareness, generate new leads and secure a perceived level of industry endorsement. We know that journalists find case studies extremely useful to illustrate how businesses have successfully overcome certain challenges or achieved cert... »

How Important is Sustainable Packaging to Millennials?

How Important is Sustainable Packaging to Millennials?

It is true that sustainability and business, have not always worked together hand in hand, as it can be extremely difficult for small businesses to implement sustainability measures due to costs. However, customers are now becoming more aware of the need for sustainable business practices and pressure is building in the small business world – with many feeling forced to combine sustainability with good business practice. The benefits to sustainable businesses The investment in eco-friendly business practices may seem daunting right now, but the rise in consumer demand for sustainability improvements has led businesses of all sizes to tackle wasteful practices in their workplace. Sustainability experts argue that many businesses are improving this aspect of their business to improve t... »

Trump and Brexit: A Small Business Survival Guide

Trump and Brexit: A Small Business Survival Guide

As an American living in the UK, I went to bed last night confident that I would wake up to the first female US president. Instead, my alarm clock found me shaking in my bed, trying to come to grips with how the unthinkable could have happened. Like so many others around the globe, I started the week hopeful that we’d finally be able to put some of this uncertainty of the last year behind us. Instead, Donald Trump has been elected and the world at large is facing an unexpected and unpredictable future. The financial and currency markets are plummeting in response and all of us are left wondering what this will mean to us, especially as we’re all still trying to find our footing after the reaction to the Brexit vote. The easy choice was to stay in bed, pull the covers up over my head and pr... »

The LGBT Community: A Possible Target Market?

The LGBT Community: A Possible Target Market?

Below I have outlined some reasons for targeting the ‘pink pound’, and as an owner of a gay-focused business myself, some key considerations that should be taken into account when doing so. Purchasing power It’s estimated that in the UK alone the ‘pink pound’ purchasing power is around £6bn every year. That’s a substantial market and one that certainly shouldn’t be ignored by businesses. Over the past few years there has been a considerable investment into the drive for equality and diversity. The pink pound isn’t just about appealing to a more diverse audience though. It’s about appealing to an audience with a higher than average disposable income, a highly trend-conscious audience and perhaps most importantly of all, a growing audience. The number of people who identify as LGBT (lesbian,... »

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