Can London’s Small Businesses Weather the Storm of Business Rates Increases?

London’s small businesses are expected to receive special bail-out fund to help weather the storm of business rates increases, but is it enough?

London busy high street

On Monday 6th March, The London Evening Standard announced plans for special bail-out fund for the capital’s small businesses, which are set to be among the hardest hit in April’s business rates revaluation. “Traditional retailers and firms facing crippling increases of 50 per cent or more are expected to be favoured in funds totalling ‘hundreds of millions’ of pounds” the front-page article reported.

For London’s small businesses, the overdue 2017 rates revaluation threatens to increase business rates by an estimated £7.5 billion.…

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How Can SMEs Thrive During and After Brexit?

Brexit has been one of the most important news items of the past 12 months, and whether you were for or against leaving the EU when the vote was held, chances are that as a business owner you have some concerns about how it will affect you.

Brexit

There has always been a saying in business however that every crisis brings with it its own opportunities – so can you really stand to benefit from the current volatility caused by the Brexit situation?

1. Leaving the Single Market

It remains to be seen how leaving the single market will affect different industries, but since Theresa May announced that that was the intention Britain would be going with – rather than trying to negotiate a deal where Britain left the EU but remained in the market – the pound has rallied somewhat.…

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Expanding your Business: 3 Things to Consider

Many business owners hear the term expansion and assume that we are talking overseas, and yet expanding even within the same town carries many different duties with it. For a start, there is finding the right property and deciding what makes it a good space to expand to.

New office space

There are different factors which will affect what kind of property you might want to go into, such as its location and proximity to conveniences for staff. This makes the building seem more attractive to staff and can help with longevity.

Buy or rent

When it comes to finding industrial property, you will need to think hard about whether to buy or rent.…

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Starting-up in Singapore? Here are the Available Company Registration Options

The biggest incentive attracting people to Singapore is how easy it is to get the ball rolling, and remarkably, this is largely down to the larger authorities.

Singapore

A view from Singapore river

They maintain a positive attitude toward people wanting to start new companies and often give them a helping hand. It’s one of the most advantageous places on the globe to begin fresh as you can expand through networking with people in South East Asia.

So, let’s take a look at what options are available!

Private Limited Companies

Starting up a PLC is a very straightforward pick. It’s the clear cut way for small or medium-sized businesses to begin.…

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Could Mobile Phones Lead The Rise of The Cashless Economy in Africa?

The world is moving towards a global economy that deals less with paper and more digitalized data. Electronic payments have made substantial inroads among consumers in some developed countries, and many of these markets have been building the infrastructure for cashless transactions for a long time. However, even in the most cashless developed countries, such as the Netherlands, cash is still used in 40% of all consumer transactions.

Entrepreneur using smartphone

Trends in Africa

Africa is already leading the world in the use of mobile money, and its growth is accelerating with Internet penetration rising rapidly through mobile technology. In countries such as Kenya and Uganda, mobile-money accounts have become much more widespread than bank accounts.

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Should Your SMB Chase Government Contracts

Regardless of where you live, the different levels of your government (federal, local) will employ a certain number of people such as doctors, teachers, employees in culture, utilities and so on.

Every now and then, however, the government will have certain jobs that need to be done and that they need to hire outside contractors to get them done. For example, your town might need someone to restore the town fountain or do holiday lights. Or, your state’s government needs a tech company that will upgrade their entire IT system.

Government contracts

The government puts these jobs out to bid and companies compete for these contracts, for a number of reasons we will get into later.…

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The Million Dollar Dog: Pet Industry Gold Mines

Money has gone to the dogs – but in a good way. According to the American Pet Products Association (APPA), Americans spent about $62.75 billion on their furry, feathered or finned friends, including dogs.

Dog business

The APPA note that 54.4 million homes have pets. That means that even if home included only one person, over 54.4 million customers are looking to make their pets’ lives fun and healthy.

Why the Increase in Dog Ownership?

The APA do frequent surveys of American households to see what is new in pet trends. In 2013, they noted that dog ownership hit an all-time high of 56.7 million homes.…

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The Baby Boomer Business Continues to Grow

Conventional wisdom has long held that when it comes to making money on a product, it pays to market it to young people. In our youth-obsessed society, this shouldn’t come as a surprise.

Baby boomer

Companies typically focus on younger demographics not only because they could become customers for life but because they tend to be more tech-savvy and more willing to try new things. As the baby boomer generation enters its golden years, however, a major shift is occurring.

Baby boomers rule!

In 2015, there were more than 75.4 million baby boomers alive in the U.S.–and they aren’t done buying things. According to the AARP, in fact, as of 2013, the U.S.…

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6 Small Business Service Types That Offer a Flexible Work Environment

Telecommuting and freelancing are gaining popularity not only because of the obvious benefits they hold for employees. Recent studies show that employees who are granted the freedom to work remotely have a significantly increased rate of productivity in comparison with office-based staff that reaches around 60% to 85% for an 8-hour work day. Aside from raising motivation and lowering employee turnover, flexibility and teleworking have some important financial benefits for businesses, like saving on annual leaves, sick days, insurance, taxes, and office expenses.

Freelancer works flexible work hours

Yet, not all industry sectors can take advantage of the perks of hiring temporary staff, freelancers and running a telecommuting team.…

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3 Uses of Precision Motion Control in the Food and Beverage Industry

The food and beverage industry is incredibly lucrative, thus presenting many opportunities for streamlining existing processes in innovative ways. Those who own businesses in this field must stay updated on the best methods for optimizing workflows, increasing throughput, and boosting profits.

Bottling company

One way to increase your company’s productivity and efficiency is by investing in state-of-the-art systems to replace outdated old machines. Should you find yourself balking at the initial costs, keep reading to learn how high-quality custom linear stages could result in big returns later on.

1. Bottling, Filling, and Conveying

While the quality of your food or beverage product is important, your packaging can make or break your sales figures.…

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