Welcome back to our Weekly Update. We hope you and your family are safe and doing well. Read on for this week’s update. UK COVID-19 Cases Continue to Rise Deputy chief medical officer Jonathan Van-Tam said the rise in the number of COVID-19 cases was of great concern and that some people had been too relaxed. The UK recorded 2,948 daily cases, according to government data published on Monday. This… Read more
The COVID-19 pandemic has caught most of us off guard. Who would’ve thought that the world would spend the year battling a virus? This unprecedented global crisis is a reminder that these business threats are very real and acts as a wake-up call for business leaders. Even if the scenario may seem far-fetched, it pays to prepare for the worst. When a pandemic hits, businesses play a crucial role in… Read more
Welcome back to our Weekly Update. We hope you and your family are safe and doing well. Read on for this week’s update. Finance Minister Considers Tax Hikes to Fix the Hole in Public Finances As the UK’s public debt surpassed 2 trillion pounds, pushed up by emergency spending on coronavirus job retention scheme, tax cuts for businesses and consumers, and dining-out subsidy, British finance minister Rishi Sunak is considering… Read more
Welcome back to our Weekly Update. We hope you and your family are safe and doing well. Read on for this week’s update. AstraZeneca Starts UK COVID-19 Drug Trial AstraZeneca’s AZD7442 drug, which is a combination of two antibodies, is being tested on 48 healthy people aged between 18 and 55. This clinical trial marks an important milestone in the Cambridge-headquartered pharma giant’s development of a potential COVID-19 vaccine, and… Read more
Networking can be a key way to keep your business growing. Regardless of your industry or business size, it is hard to ignore the benefits of forming professional networks for potential partnerships, expanding your client base, and scaling up. However, while we are all constantly reminded about the importance of networking, reaching out to grow your network isn’t the same now thanks to the COVID-19 pandemic. Social restrictions to prevent… Read more
As you know, the COVID-19 pandemic is not just a public health issue, it’s also caused lockdowns and financial worries on a global scale. Small businesses are not strangers to the impacts of the pandemic. In a survey by the International Trade Centre (ITC) among 1,200 businesses in 109 countries between 20 April and 4 May, the pandemic has strongly affected 60% of the businesses. The results of the survey… Read more
Welcome back to our Weekly Update. We hope you and your family are safe and doing well. Read on for this week’s update. Business Conditions Improved Moderately, UK Firms Remain Vulnerable Data from the latest Coronavirus Business Tracker shows business conditions improved only moderately in the weeks since the economy suffered a historic contraction in Q2 2020. The number of businesses which reported an increase in revenue from UK customers increased… Read more
Imagine what it would feel like if every single time something good happens in your business, something good automatically happens in the world too. And no cost to you or to anyone else. Imagine what it would feel like to know that, just by doing what you normally do, the world was automatically becoming a much better place. Imagine what making that kind of a difference would do for you… Read more
Welcome back to our Weekly Update. We hope you and your family are safe and doing well. Read on for this week’s update. Contact Tracers Going Door-to-Door The government is overhauling their testing and contact tracing efforts to avoid a potential increase in infections. The army of officials tasked with finding people who’ve come into contact with COVID-19 positive individuals will be replaced by locally-based teams. The volunteers will go… Read more
We started 2020 with optimism and hope that this year was going to be better than the last– but then, COVID-19 happened and brought sudden massive changes worldwide. It has disrupted the way we interact, shop, work, and transact. Businesses of all sizes have been plunged into darkness, with some even having to shut completely Meanwhile, others managed to find dynamic solutions to shelter their businesses from the harsh impacts… Read more
Welcome back to our Weekly Update. We hope you and your family are safe and doing well. Read on for this week’s update. COVID-19 Boosts Love for Small Businesses According to new research from Small Business Britain, two-thirds (64%) of 1000 small businesses in the UK believe that the pandemic has increased support of their sector. Small businesses have played a key role in supporting communities throughout the crisis. Now,… Read more
More and more people are leaving their office jobs and setting up an online business these days, especially because of COVID-19/ Running an online business offers a way for you to work from home and be your own boss. It may sound like an overwhelming process, but many entrepreneurs find it fulfilling. Here are some tips to increase the chances your small online business will be a success, and you’ll… Read more
Welcome back to our Weekly Update. We hope you and your family are safe and doing well. Read on for this week’s update. Increase in UK Retail Sales and Business Activity Boost COVID-19 Recovery Hopes The latest data from the Office for National Statistics showed retail sales rose by 13.9% in June compared with May, as demand among consumers returned overall spending close to pre-COVID-19 levels. This improvement was fuelled… Read more
Welcome back to our Weekly Update. We hope you and your family are safe and doing well. Read on for this week’s update. UK Covid-19 Vaccine Triggers Immune Response Oxford University scientists’ experimental coronavirus vaccine has shown early but promising signs as it produced a dual immune response in people aged 18 to 55 lasting at least two months after they were immunised. Larger trials to evaluate its effectiveness, involving… Read more
Business dashboards are a valuable business intelligence tool, offering an “at-a-glance” big picture view of a company’s performance. Some business owners use a dashboard to track KPIs relevant to just one aspect of their business, such as sales growth, marketing, or financial data. Others rely on an executive dashboard for an overview of data culled from various sources (e.g. their accounting software, CRM tools, and website analytics). The great advantage… Read more
Welcome back to our Weekly Update. We hope you and your family are safe and doing well. Read on for this week’s update. Temporary VAT Cut for Food, Non-Alcoholic Drinks, Accommodation, and Attractions The UK Government has announced that from 15 July 2020 to 12 January 2021, there will be a temporary reduction to the Standard Rate of VAT from 20% to 5% for supplies of food and non-alcoholic drinks… Read more
For many business owners, determining the success of a business comes down to how much profit the company makes. Of course, finances are an important measure of a company’s overall success. If you don’t bring in more than you spend you won’t be in business for long. Profit, however, isn’t the only important benchmark by which to measure your business. There are other important factors business owners can and should… Read more
Welcome back to our Weekly Update. We hope you and your family are safe and doing well. Read on for this week’s update. UK to Map Out Next Steps in COVID-19 Recovery Plan UK’s finance minister Rishi Sunak will soon announce the next steps in preventing a wave of job cuts from snowballing into an unemployment crisis. The announcement will include a 2 billion-pound fund to create six-month work placement… Read more
The pains caused by a recession can be excruciating, which is why most of us dread the thought of it. A recession can mean massive layoffs, jobs becoming harder to find, and wages frozen, which means consumers hunker down and spend less– often worsening the economic slowdown unknowingly. For most businesses, especially small businesses, recessions can be brutal. Just take for example, the Global Financial Crisis (GFC) that struck the… Read more
Welcome back to our Weekly Update. We hope you and your family are safe and doing well. Read on for this week’s update. Leicester on Lockdown to Curb COVID-19 Outbreak UK’s COVID-19 Alert Level moved to Level 3 last week, which means the virus is now “in general circulation” and there could be a “gradual relaxation of restrictions,” according to the Department of Health. However, the government has imposed a… Read more