As the new Prime Minister, Rishi Sunak, prepares to move into No. 10, business confidence amongst small businesses shrinks, with 27% of business owners worried they will have to cease trading in the future. According to a YouGov survey, commissioned by Meta, survival is on the top of the agenda for most small businesses. 42% … Read more
When Kwasi Kwarteng and Liz Truss set out their growth plan last month, it was all about growing the economy and cutting taxes. Now Mr Kwarteng has lost his job and the new Chancellor, Jeremy Hunt, is pulling apart the PM’s economic plans. On Friday, Liz Truss announced that she had fired her Chancellor Kwasi … Read more
While Brexit and COVID-19 caused huge challenges for small businesses, inflation & the cost-of-living crisis are seen as much worse by 64% of small business owners. As part of their survey, WorkLife by OpenMoney surveyed 750 decision makers for finance and HR at small and medium-sized enterprises (SMEs). The results of the latest Small Business … Read more
We’d love to always focus on the happy and inspiring side of starting a new business. But in giving the best, practical advice, we have to cover what happens when it’s time for a business to end. In the UK, annual rates of dissolving businesses are 11% – nearly as high as how many new … Read more
Although the UK Government has announced a package to help small businesses and households with energy bills, the fallout from the so-called mini-budget could create challenges for small businesses. Small businesses will have breathed a sigh of relief after Liz Truss announced that households as well as businesses will get support with their energy bills … Read more
On Friday, Chancellor Kwasi Kwarteng has delivered his long awaited mini-budget, in which he laid out his plan to boost the economy and support businesses. When Mr Kwarteng stood up in the House of Commons this Friday, he revealed, what he called, the biggest tax cuts in a generation. And the announcements in the mini-budget … Read more
Being a sole trader has a wealth of benefits, including being easy to set up, having less red tape to deal with, and of course, being your own boss. It’s why it’s such a popular choice for small and starting out businesses. However, if you’re ready to grow and need an extra pair of hands … Read more
Chancellor Kwasi Kwarteng is set to announce details about the Business Energy Support Package at the end of this week in a mini budget. Since the announcement made by Liz Truss, after she became the new Prime Minister, that households and businesses will get support with energy bills, businesses are waiting to hear details. While … Read more
On Thursday the new Prime Minister, Liz Truss, has announced her Energy Bill Support Scheme to help households and small businesses through this winter. Soaring energy prices have pushed many small businesses in the UK to the brink, who were still recovering from the impact of the COVID-pandemic. Many were facing a tough winter, with … Read more
Whether you’re switching to self-employed after years of being an employee, or if you’re feeling a tad burnt out from building your own business – there are always lessons you can learn from changing your mindset and setting a brand new attitude to your company. So to help you thrive or bring back that spark … Read more