Welcome to this week’s round-up of the biggest news for the UK’s SMEs.
From what small business owners think of the UK’s EU membership, to new statistics that shed light on SME survival and cutbacks for 2015, there are some fascinating talking points to dig into below. Read on to find out what you’ve missed…
Feature of the Week
The Small Biz 100 | Small Business Saturday
Small Business Saturday is on its way and it’s ramping up. The ‘Small Biz 100’ has been running for about a month now, where every day in the 100 day lead-up to Small Business Saturday is dedicated to giving the spotlight to one small business.
Check out their blog to find out which SMEs have been featured so far, and don’t forget to visit and follow them on Twitter to hear insight from each business.
Human error still the biggest factor in data loss | SmallBusiness.co.uk
In the age of digital information, many people worry about the security on their online systems and the threat of hackers and viruses to their business.
However this new report reveals that simple human error is still the number one leading factor for data loss, in small businesses in particular.
24% of SMEs admitted to data loss accidents caused by employees. This isn’t a surprising figure, comments one expert in the piece, “as the majority of large organisations will have more stringent user policies in place to limit the amount of damage individuals can cause.”
With the EU being the subject of much news recently, the Federation of Small Businesses has conducted a survey of SMEs to find out their opinion on the UK’s EU membership.
The FSB report found that small businesses across the UK are almost exactly split on whether the UK should remain in the European Union or not. 41% voted that they would like the UK to leave, with those voting for the UK to stay getting a slight majority with 47%.
See the full findings by visiting the link above.
Thousands of small firms ‘On the brink of shutting’ | The Huffington Post
Despite much promising news about economic recovery, a new study that surveyed 500 small and medium enterprises has found that one in eight of them have considered closing down in the last few months.
A further one in four has been forced to lower their prices over the past three months, and 15% have laid off staff.
While this may sound decidedly negative, it’s worth considering that other recent reports have indicated growth and positive action for SMEs – our previous news round-up reported on the trend of rising income for small businesses being larger than ever before. Check out the facts for yourself by having a look at the story above.