Blog categorized as Business Advice

While cyber criminals are wreaking havoc for large corporations, small businesses would be foolish to consider themselves immune from the threats of cyber-crime.

It’s the new technological frontier set to take over the world and businesses as we know them, so what’s really in store for Artificial Intelligence this year?

SMEs that are static and fail to adapt to the ever-changing business market that they are operating in are likely to be left behind.

Buying a shop has both benefits and drawbacks for new business owners. It’s a fair bet that if the previous shop owner has reaped success with the location you may also fare well and often there will be trained staff and suppliers already established.

For most new businesses that fail, the reasoning behind their collapse has something to do with cash flow problems.

The flurry of stories about collapsing high street stores and the growth of e-commerce is leading many people to draw the conclusion that bricks and mortar retail is dead.

You’ve probably noticed that Facebook has been making headlines in the news recently, with some of the stories painting the social media platform in a less than desirable light.

Thanks to the changing face of the way that businesses now operate, the risk of cyber-attacks and the importance of cyber security is more prevalent than ever.

If you are an avid Instagram user and happen to follow a number of different retail outlets on the social media site, you’ve probably noticed a new feature that has appeared recently.

When it comes to boosting growth and productivity, technology is a vital tool that SMEs need to make the most of.

If your business operates in the retail sector, it’s likely that you have a website that enables you to sell your goods to customers. The role of e-commerce has never been more prevalent.

Hiring high-quality staff is a problem for all businesses and it seems that at the moment SMEs are faring pretty badly when it comes to recruitment and retention.

As an SME, social media is an invaluable tool that can help your company to grow. Not only is it free, it also allows you to connect with different audiences

Artificial intelligence is a topic receiving a lot of attention at present, with a number of wild statements flying around from business leaders and interested parties.

In terms of productivity for your SME, no single thing is going to aid this more than cloud adoption.

Recent figures have revealed that the average UK SME owners will be dedicating around 16% of their annual budget for 2018/19 to marketing efforts within their companies.

When it comes to managing your finances as an SME, hiring the right accountant is imperative to your success.

As an SME owner, you should constantly be looking for ways that you can expand your offering and facilitate growth.

When it comes to running and managing a successful SME, a worthy idea and a sound business plan are just half the battle.