planning

Miscellaneous Costs and Stationary Revealed as Biggest Surprise Expenses for Small Businesses

32% of enterprises fail to shop around for better prices for “small costs” 13% of small business owners are inadequately prepared for minor miscellaneous costs, such as tea and toilet roll, according to new findings from insurance company AXA. A further 13% named stationary and printer ink as the biggest unexpected cost, with the size of phone bills (9%) and postage charges (6%) also named among the top surprise expenses for small firms. Despite these shock costs, 32% of enterprises fail to shop around for better prices. As the financial year comes to a close, the survey, which featured 297 small business owners, highlighted the need for small businesses to dedicate more time to managing smaller costs. Darrell Sansom, managing director of AXA Business Insurance, commented on the research: ... »

Is 2010 the year SMEs Fully Embrace Cloud Computing?

Overview A year or so ago, the term “cloud computing” was by no means mainstream. While it has certainly been a topic favoured among IT professionals for the last few years – the so-called “next big thing” in technology that could spur a whole new decade of growth – it was only in the latter part of 2009 that it started to gather pace and enter day to day business vocabulary. As early as 2008 small businesses had began to take note of cloud computing, but how seriously were they taking it? It’s one thing to be aware and excited by a new technology, but it’s another thing to run your business on it. To shed some light on this matter, Easynet Connect commissioned research to determine how seriously SMEs were taking the cloud at the end of 2008.... »

Don't Drop Your Guard on Swine Flu

Don’t Drop Your Guard on Swine Flu

Employers have dropped their guard over swine flu when they should be preparing for staff absence rates of up to 50 per cent this autumn, the Chartered Institute of Personnel and Development (CIPD) has warned. Research from the Business Continuity Institute (BCI) also found that 57 per cent of employers have either ‘weak’ plans in place or no plans at all to deal with the swine flu pandemic. Cases of swine flu are expected to increase as children return to school over the next few weeks. CIPD senior policy adviser, Ben Wilmott, said that the high absence figure was a “worst-case scenario”, based on combining Government swine flu statistics with other types of absence, such as seasonal colds, and parents being forced to take time off to care for sick dependants. But ... »

Planning in an Economic Downturn

As concerns over the UK economy continue to grow, it is essential that all businesses, particularly small and medium-sized enterprises, are property prepared for financially-testing times. Sound business and financial planning is always important, but especially so in an economic downturn. The following steps can help you and your firm weather the ‘credit-crunch’ storm; but remember, there is no substitute for one-to one professional advice, so contact your accountant to give your business the best possible chance of success. Debt Management This is essential in an economic slowdown -you will soon encounter difficulties if you allow outstanding debts to accumulate, a problem which is all the more likely in lean times. Make sure you have a clear policy for collecting debts and t... »

Planning Event Safety

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