small business risks

Small Business Risk at its Highest For Two Years

Small Business Risk at its Highest For Two Years

The risk levels of the UK’s small businesses are at their highest for two years with more than half (56%) of small firms voicing concerns over the current economic climate, Zurich has reported. The survey of over 1,000 small business owners found that almost two in five (39%) believe their business faces more risk now than compared with 12 months ago, with nearly one in 10 (8%) having considered closing down their business in the first few months of 2016. Red tape and workforce related issues were cited as the main areas of concern for business owners with 44% having noted that the skills shortage is holding them back. 39% also said that the weight of regulation and compliance is a stumbling block. This increase in risk levels has had a knock-on effect with 19% of small businesses ha... »

Key Issues in Running Your Business

Key Issues in Running Your Business

As an entrepreneur, it is easy to get caught up in day-to-day tasks at the expense of the bigger picture, and whilst good management is essential in order to drive growth and increase your company’s overall performance you need to see the bigger picture. This article is intended to help the ultra-busy business owner step back from those immediate problems and take a vital wider view; identifying the areas in your business that could mean the difference between success and failure. What should my permanent business priorities be? Aside from everyday issues, there are five key areas you should constantly keep in mind if your business is to enjoy success. First of, always make sure to watch your customers, they are the lifeblood of your business, your customer should always be your highest pr... »