SMEs Should Seize Opportunities for Growth

As the Government settles in and spending cuts are realised, businesses should seize opportunities for business growth, says Bibby Financial Services. The phrase ‘cash is king’ has never been more important to small and medium-sized businesses across the UK. While the economy is officially out of recession, UK firms aren’t out of the woods yet and there are many challenges that lie ahead for business owners and managers. However, those businesses which have survived the economic downturn should now look at opportunities in emerging markets in order to take advantage of the new business landscape. Bibby Financial Services’ UK chief executive Edward Rimmer says: “Now is the right time for businesses in the UK, no matter what size they are, to seize new opportunities presented to them, ... »

Face-To-Face Networking Essential for Small Firms

Face-To-Face Networking Essential for Small Firms

More than a third of small firms believe that networking face to face is still crucial to the success of their business, despite the massive increase of online networking, research by events organiser Business Scene has found. The survey of 500 small businesses also revealed that 66 per cent attend networking events at least once a week. Of those that network face to face, 44 per cent have made more than £1,000 from it in the last year and 20 per cent have made more than £10,000. “Online networking is good for making initial contact, but it’s no replacement for face-to-face networking when it comes to winning new business,” said Business Scene founder, Warren Cass. “People are starting to think about where their next deal is coming from, and they realise... »

Equal Opportunities FAQs

If you are intending to employ staff, you will need to be aware of the regulations relating to Equal Opportunities and Employees’ Rights. For introductory guidance on this, see our frequently asked questions listed below. You may also find it useful to visit the Equality Direct website. Equality Direct is a confidental advice service aimed at small business that deals with employee relations and people management practices. Additionally Direct Access Government provides regulatory information and guidance and has a section specifically on Equal Opportunities. »

SWOT Analysis

The SWOT analysis is an analytical tool which is predominately used in corporate appraisal, as part of a strategic planing exercise. In a performance management scenario, the SWOT analysis can be used to analyse the effectiveness of the small business in terms of its strengths, weaknesses, opportunities and threats. Strengths and Weaknesses are internal factors and relate to your business. Opportunities and Threats are external factors relating to other businesses. Strengths can then be built upon and consolidated, strategies to strengthen any weaknesses can be drawn up, strategies to capitalise open any opportunities can be formulated and contingencies can be made for any identified threats. SWOT Analysis Form   Enter your comments Strengths Identifying your strengths will help you d... »