traditional business

Number of New Businesses Hits Five Year High

Service businesses such as house and pet sitting experience surge, while traditional industries such as hair and beauty and florists rapidly decline Research by Simply Business has revealed a five year high in the number of start-ups with a 24% increase in new companies launching within the UK, compared to 2013. The report found that new service businesses, such as house sitting, facilities management and pet minding firms, are leading the market – experiencing an increase of 527%, 459% and 199% respectively. This is a stark contrast compared to the performance of more traditional services, with start-ups in the hair and beauty, florist and event organising industries falling. The number of hair and beauty consultant firms witnessed the biggest decrease falling by 73%, followed by florist ... »

UK SME Leaders Challenge Traditional Business norms

UK small businesses are challenging the traditional norms of doing business successfully according to a survey of 1,500 owners and senior managers of small and medium enterprises (SMEs) released by T-Mobile. The research identifies a range of business conventions challenged by business leaders across the UK. Traditionally accepted ideas of what constitutes business success, are increasingly being challenged with 58% claiming the amount of staff in the business can no longer be considered a benchmark of success. While more than a third (39%) disagree with the idea that the size, design and location of your office reflects the success of your business, suggesting a shift to alternative ways of operating as mobile working becomes increasingly prevalent. A clear majority (94%) of business lead... »