UK Industries poised for growth in 2018

Last week, in this blog, we looked at the driving force behind SME optimism in the UK economy at the moment. And with the first quarter of the year's results slowing down, there's nothing slowing down the entrepreneur spirit that innovates, and sees substantial growth opportunity in 2018, and beyond.  There's no doubt that we're living in uncertain times - politically, economically and socially. But in the midst of the gloomy outlook on slowing economies, the SME business community is poised for growth.  We look at a few key industries that are being singled out as UK SME growth areas [...]

2018-05-21T10:03:40+00:00 May 21st, 2018|News, SME Growth|0 Comments

Amidst a British economy slow-down, 2 major growth opportunities continue to boom.

As the news breaks on the results of the first quarter of UK growth, with economists fearing that Britain’s economy is losing momentum as growth falls to just 0.1% - the weakest since 2012, the blame game begins. Some blame the snow, some blame the government. Some blame a lack of funding support for emerging SMEs while others simply wallow in their economical slump and stagnation. The Guardian reports that the consumer has played a leading role in the significant slowdown of the services sector in the UK, with the considerable drop of services output and contribution to GDP growth [...]

2018-05-21T08:55:12+00:00 May 21st, 2018|News, SME Growth|0 Comments

Why are SMEs optimistic about the future?

2018 is set to be another spectacular year for growth for startups in the UK. So says Digimax - a leading digital marketing agency based in London. In fact, in a recent study, it was noted that, in the UK alone, "76 per cent of business owners said that they are currently working on new ideas, and 43 per cent aiming to launch this year – more than half (56 per cent) having previously moved from conception to launch within 24 months." That's a staggering amount of new growth, innovation, disruption about to hit our economy.  And what's encouraging to [...]

2018-05-10T09:31:07+00:00 May 10th, 2018|News, SME Growth|Comments Off on Why are SMEs optimistic about the future?

Time’s running out for SMEs and GDPR

There's a scary reality for a bulk of the UK's SME businesses. According to the Federation of Small Businesses, "a third of small businesses have not even started preparing for the GDPR, while a further third concede they are still in the early stages of preparations. Just 8 per cent of small businesses have completed their preparations for the regulation, which comes into force on 25 May." And time's running out, quickly.  Most of us have suddenly, almost overnight, been inundated with "updated T&C" emails, or notifications when we log into our favourite platform or dashboard - all representative of [...]

2018-05-02T13:06:20+00:00 May 2nd, 2018|News, SME Growth|Comments Off on Time’s running out for SMEs and GDPR

Why cyber attacks are focussing on SME businesses.

Just this morning, on the national news channel, the topic of business cyber crime was discussed at length - with specific mention made of the UK's SME market that remains continually under threat, and singling out the manufacturing sector as a current hot spot. And today, the news echoed previous sentiments even more with the boss of the EEF, the body that represents the voice of British manufacturing in the UK and Europe, Stephen Phipson reporting that results of a recent survey within the manufacturing industry astonished, with 48% of those surveyed reporting that they have, at some time, been [...]

2018-04-23T14:26:36+00:00 April 23rd, 2018|News, SME Growth|Comments Off on Why cyber attacks are focussing on SME businesses.

Entrepreneur vs CEO: You’re probably not the same person.

Some startup entrepreneurs are just not meant to be CEOs *hushed silence* Stay with us for a second. We've watched this phenomenon for years. Excited founders of startups that have discovered a market-challenging idea, built that idea into a business, developed a strategic plan that sees that idea deliver great revenue results. The team is growing, the culture is great. And things are just hunky-dory. Not always. Unfortunately, the cold hard truth of the matter is that many startup founders simply do not encompass the skills (often derived from years of experience) and innate leadership qualities required of a solid, [...]

2018-04-17T15:39:19+00:00 April 17th, 2018|News, RE:Focus, SME Growth|Comments Off on Entrepreneur vs CEO: You’re probably not the same person.

GDPR in 60 Seconds

Guest blog: Martin Norfolk The General Data Protection Regulation (GDPR) passes into UK law on 25th May 2018. It is a considerable advancement on the Data Protection Act (1998) and it affords significant new rights to individuals and places significant obligations on those holding personal data.   New concept of personal data ownership The central theme of this regulation is that EU citizens shall own data about themselves. It gives the EU citizen rights over their personal data, even if the organisation that holds that data is based outside of the EU. Any organisation (commercial or charitable) holding personal data [...]

2018-04-16T12:28:53+00:00 April 16th, 2018|News, SME Growth|Comments Off on GDPR in 60 Seconds

The SME powerhouse: The industries driving the British economy

In a recent blog post, we discuss the phenomenon that is the Brittelstand: a name-sake to Germany's Mittelstand: A powerhouse of SMEs driving the Germany economy through innovation, agility and long-term growth focus. And in the UK, the same trend is fast developing. Delving into industry-specific characteristics of this growth, in Germany, Mittelstand firms often manufacture and sell niche products, and as a result, the growth of construction and manufacturing businesses surpasses that of  IT start-ups for example, as they "have less venture capital", according to Winfred Weber, professor of management at Mannheim University of Applied Sciences. But things in [...]

2018-04-12T10:15:49+00:00 April 12th, 2018|News, SME Growth|Comments Off on The SME powerhouse: The industries driving the British economy

The secrets to growth: Why Britain’s SME community is no different to Germany’s ‘Mittelstand’

There’s a movement sweeping the Germany economy. A powerhouse of SME growth that makes up 99% of Germany’s overall business economy. Over 3m of Germany’s businesses, making up the majority of the business landscape, are SME businesses – and are known as The Mittelstand. They, typically, have fewer than 500 employees and see annual revenues of up to 50 million Euros. However, it’s not the pure statistical categorisation that defines these businesses as being the Mittelstand. It’s something much stronger, and much more important. It’s a complete business mindset. A business culture so unique that the results of all those [...]

2018-04-12T09:48:52+00:00 April 12th, 2018|Corporate Venturing, News, SME Growth|Comments Off on The secrets to growth: Why Britain’s SME community is no different to Germany’s ‘Mittelstand’

Why the Facebook – Cambridge Analytica scandal is absolutely relevant to SMEs today.

Today is a big day in the life of Social Media Giant Facebook's founder, Mark Zuckerberg, where he faces not one, but two, congressional hearings following the recent Cambridge Analytica scandal where the company stands accused of using the personal data of millions of Facebook users to influence how people vote.  And while the world's media stays focussed on Mr Zuckerberg and his involvement or awareness of the serious breach of data privacy, this media headline is a small drop in a very large pond of a much bigger problem: Cybercrime Indeed, accessing private and personal data of millions of online [...]

2018-04-10T15:08:38+00:00 April 10th, 2018|News, SME Growth|Comments Off on Why the Facebook – Cambridge Analytica scandal is absolutely relevant to SMEs today.
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