This week brought the welcome news that the financial market for UK SMEs is improving at a steady and sustainable rate, a development that has encouraged in increase in the number of businesses starting up.
In other news, ground-breaking innovations in technology are expected to redefine how companies run their business, and open up new and exciting ways for SMEs to make the most of their time and productivity.
Feature of the Week
SME financial market improving | Economia
According to the latest market reports, the UK small business economy has significantly improved, although challenges still remain.
The UK population of small business has risen to 5.4 million, with 350,000 registering in the last year alone. Investment and lending are increasing, and businesses are now in a better position to upscale.
Technology to boost SME productivity in 2016 | Tech Week Europe
This year is expected to open up a new world of technological innovation, with a host of new developments expected to boost the global economy and provide additional support to UK SMEs
A reduced necessity for in-person meetings and the ability to work remotely (among other things) will dramatically increase time efficiency and change the way businesses are run.
SME owners happier than they were as employees | Smallbusiness.co.uk
Business owners are known to face a variety of stresses. From lack of sleep, money problems and less family time, the life of an entrepreneur is understood to be fraught with difficulty. However a recent study has claimed that despite the fact they are now more stressed, 71% SME owners are happier in their current jobs than when employed.
More checks on bank power over SMEs | BM Magazine
MPs are expected to debate the Enterprise Bill in parliament, and argue for a greater protection of small businesses against banks who mis-sell them products, and who declare them insolvent.
The FCA is expected to be called into question over recent failures as well as claims that they are overly interested in protecting the banking system, and not the consumers.
41% of SMEs offer no management training | SME Insider
Despite an overwhelming majority of SMEs agreeing that strong leadership qualities in staff contribute to overall business success, 2 in 5 don’t provide management training for their employees.
The survey across a range of sectors also revealed that 75% of UK firms believe that SMEs need to have leaders throughout the company, regardless of level.