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NEWS - ENTREPRENEURS & STARTUPS

NEWS - ENTREPRENEURS & STARTUPS

How SMEs can benefit from this year’s technology

December 19 ,2014 | by Thiago Kiwi

How SMEs can benefit from this year’s technology

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Start-up tips and pitfalls

December 18 ,2014 | by Hari Sri

Start-up tips and pitfalls

The rise of SMEs in the UK is opening up new avenues of growth to explore, but could also lead to a number of pitfalls. Here are our tips on how to avoid them.

Small and medium sized enterprises in the UK are growing in confidence, and there seem to be more entrepreneurs than ever. In fact, Britain was recently ranked as the most entrepreneurial nation in Europe.

However, for every success story, there’s a small business that has failed. With this in mind, there are a number of things start-ups can do to make sure they’re doing all they can to reach their full potential.

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Small firms confident for 2015 growth

December 17 ,2014 | by Thiago Kiwi

Small firms confident for 2015 growth

Britain’s small firms are optimistic about growing next year as they hire more staff and export bigger volumes, according to a survey by the Federation of Small Businesses (FSB).

The FSB’s Small Business Index revealed that the outlook for orders, exports, hiring and growth has remained strong, with 65% of small businesses in the UK confident about expanding further in the first quarter of 2015.

Small firms’ productivity rose by more than 1% in the second half of 2014, meaning they can capitalise on growth plans in the New Year.

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Experian launches service to help SMEs

December 16 ,2014 | by Thiago Kiwi

Experian launches service to help SMEs

Experian, the global information services group, is launching a new service called My Business Profile to help the UK’s 2.2 million small and medium sized enterprises.

My Business Profile will help SMEs check and manage their credit profile, increasing their chances of securing financial backing.

Despite various government initiatives, since the start of the 2008 financial crisis the trickle-down of finance has repeatedly failed to fully reach SMEs.

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London tech scene receives £85m from UK government

December 15 ,2014 | by Thiago Kiwi

London tech scene receives £85m from UK government

The UK government has launched a new scheme called the London Co-Investment Fund (LCIF) in an attempt to fix the funding problem experienced by the capital’s tech start-ups.

Established by Funding London and Capital Enterprise, the project has secured £25 million to be invested in over 150 seed-stage firms in the technology, digital and science sectors over the next three years.

Another £60 million will be provided by six private sector partners: Wellington Partners, Playfair Capital, London Business Angels, Angel Lab, Firestartr, and Crowdcube/Braveheart Consortium.

These were chosen based on their past knowledge of investing in the three sectors.

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UK is the best place for start-ups, says Innocent boss

December 12 ,2014 | by Hari Sri

UK is the best place for start-ups, says Innocent boss

Start-up companies in the UK are well placed to become multinational brands, according to Richard Reed, the co-founder of Innocent Drinks.

Innocent Drinks started out as a stall at a music festival before the founders left their jobs and became a fully-fledged fruit juice and smoothie business.

In an interview with Computer Weekly, Reed acknowledged the difficulties involved in setting up and growing a business, but added “I can’t think of a better country to be doing it in than the UK.”

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Guidelines on importing for SMEs

December 10 ,2014 | by Hari Sri

Guidelines on importing for SMEs

The current SME focus is on exports, but there is little guidance for firms wanting to import for the first time.

Small and medium-sized firms are well supported in the exports arena. However, those wishing to start importing may feel left out or confused by the government literature currently available.

Before venturing headfirst into the market, you may like to consider the following important points to help you succeed.

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Entrepreneurs Index: UK should give more support to small businesses

December 05 ,2014 | by Hari Sri

Entrepreneurs Index: UK should give more support to small businesses

According to a report from Barclays Bank and the Business Growth Fund (BGF), small businesses require more government support to realise their full potential.

The latest Entrepreneurs Index from Barclays Bank and BGF highlights the need for the UK to do as much as it can to encourage SMEs, as it shows evidence that the desire to start a business is becoming more widespread across the nation.

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UK small businesses receive boosts from Autumn Statement

December 04 ,2014 | by Thiago Kiwi

UK small businesses receive boosts from Autumn Statement

Chancellor of the Exchequer George Osborne announced a lending package worth nearly £1 billion to boost bank lending to small and medium sized enterprises.

In the Autumn Statement, George Osborne confirmed plans to provide a boost to small and medium sized enterprises (SMEs). Furthermore, numerous new tax incentives and breaks aimed at promoting smaller firms were announced.

The Treasury has promised to invest in fast growing SMEs with £400 million of Enterprise Capital Funds, which are government-backed venture capital funds. It also guaranteed that new bank lending will be increased by up to £500 million.

George Osborne, the UK chancellor, said: “Now that credit conditions for households and large businesses have improved, it is right that we focus the scheme’s firepower on small businesses, which are the lifeblood of our economy.”

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Ernst & Young launches accelerator for high-potential entrepreneurs

December 01 ,2014 | by Thiago Kiwi

Ernst & Young launches accelerator for high-potential entrepreneurs

Business services giant Ernst & Young (EY) has announced the launch of a new programme that will offer support to entrepreneurs with high potential.

Building on the success of their Ready, Set, Grow initiative, the firm’s redesigned programme is called Accelerating Entrepreneurs. It is intended support six entrepreneurs worldwide and help them scale their businesses upwards.

To apply, candidates need to be the owner, founder or chief executive of a private company that is two years old or more, with less than $50 million in sales over each of the last two financial years. They must also prove that they are ultimately responsible for their company’s recent successes.

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UK ranked best nation in Europe for entrepreneurship

November 26 ,2014 | by Thiago Kiwi

UK ranked best nation in Europe for entrepreneurship

The UK has come first in Europe in a list of the most entrepreneurial nations in the world.

The latest Global Entrepreneurialism Index (GEI) from the Global Entrepreneurship and Development Institute (GEDI) places the UK at fourth place in the global rankings, ranking it as the best country for entrepreneurs in Europe.

Start-ups and entrepreneurs are of growing importance to the UK economy, and these results from the GDI indicate that the UK is on the right track in encouraging start-ups and small businesses.

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ACCA calls for lenders to boost access to finance for SMEs

November 25 ,2014 | by Hari Sri

ACCA calls for lenders to boost access to finance for SMEs

SMEs need better support from lenders, ACCA has found – or the finance landscape could shift considerably.

Small and medium-sized enterprises (SME) play an important role in the economy, and they’re gaining more confidence as the economy recovers. But if they are to grow, they need access to sufficient finance to support their ambitions.

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UKTI calls for greater export focus for SMEs

November 24 ,2014 | by Hari Sri

UKTI calls for greater export focus for SMEs

UK Trade & Investment held its sixth Export Week attracting thousands of business owners to over 70 events across the country.

As we’ve often said, small businesses are a driver of growth and UK Trade & Investment (UKTI) must know this too as it recently held its sixth annual Export Week. During the week over 70 varied events was held all across the country to offer support and advice for companies looking to export.

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SMEs don’t fear interest rate rises, claims ICAEW survey

November 14 ,2014 | by Thiago Kiwi

SMEs don’t fear interest rate rises, claims ICAEW survey

Small businesses are not fazed by the idea of an interest rate increase, new figures have shown – but what could a hike mean for firms?

Interest rate rises have been talked about ever since the first signs of the UK’s economic recovery. As confidence improves and employment grows, analysts have been predicting that the era of record low, 0.5 per cent base rates could soon come to an end.

But a new survey from the Institute of Chartered Accountants of England and Wales (ICAEW) shows that even though business organisations have been warning against an increase, small firms are not fazed by the idea.

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UK SMEs need more support to export, shows survey

November 13 ,2014 | by Thiago Kiwi

UK SMEs need more support to export, shows survey

Better support could help more business to export, after it has emerged that many are still reluctant to work overseas.

With the UK returning to growth and business confidence rising, it makes sense that many companies are seeking to consolidate their positions in domestic markets. But given the growth in some promising economies worldwide, firms may well be able to capitalise on rising demand in key export markets. Yet it appears that many firms still need some encouragement to consider expanding abroad.

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Social media remains a powerful tool for SMEs, says report

November 12 ,2014 | by Hari Sri

Social media remains a powerful tool for SMEs, says report

Using social media effectively can be a boon for SMEs if they have the skills to do it.

Small businesses know that to make the most of their limited resources, they have to use every tool at their disposal. As a new infographic from Sage demonstrates, that means more and more are turning to social media as a means of engaging with their target markets, but there are still gaps that need to be filled.

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SME staff see value in flexibility

November 10 ,2014 | by Thiago Kiwi

SME staff see value in flexibility

Flexibility is at the core of retaining top talent for SMEs, according to a new report.

Flexibility is a key facet of engaging and retaining top talent for small and medium-sized enterprises (SME).

That’s according to a new survey from Bupa, which shows that six out of ten employees of SMEs who responded felt that offering the right benefits is an important part of developing a happy and motivated workforce.

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Small businesses need talent to thrive

November 07 ,2014 | by Thiago Kiwi

Small businesses need talent to thrive

Small companies seeking growth need to find and recruit the right talent, according to Everline research.

Small companies are booming in the UK – but to truly thrive, they need to be able to access the right talent.

That’s the view from the first Everline small business tracker, after the report found that as many as one in every four small businesses in the UK currently have job vacancies available. Across the whole of the UK, that’s the equivalent of more than 520,000 jobs – or half the population of Birmingham.

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Small business lending leaps to £1.25bn record

November 05 ,2014 | by Thiago Kiwi

Small business lending leaps to £1.25bn record

New lenders on the scene have boosted small business finance in the UK, figures show.

Access to finance for small businesses has been a key focus of economic policy in the UK. Since it’s clear that small firms are the engine of growth, comprising the vast majority of UK companies, moves such as the Funding for Lending Scheme have been targeted at putting finance at the fingertips of small and medium-sized enterprises (SME).

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UK small firms more confident in face of risk, says report

November 04 ,2014 | by Thiago Kiwi

UK small firms more confident in face of risk, says report

UK Small firms are growing in confidence about the risks they believe they face, according to a new report.

Small and medium-sized enterprises (SME) in the UK are growing in confidence in the face of risk – even though some still face tough financial situations.

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Hiring first employee is the most expensive for SMEs, says report

November 03 ,2014 | by Hari Sri

Hiring first employee is the most expensive for SMEs, says report

A new report has shown small and medium-sized enterprises (SMEs) should receive more support from the government to hire staff as taking on their first employee is often the most expensive hire they make.

Getting a new business off the ground can be a difficult process, one that requires a huge amount of willpower as well as investment. For many of those firms, the next big step in their lifecycle is taking on their first employee. But as new research shows, that can also mean a significant investment.

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UK rated one of world’s most SME-friendly countries

October 24 ,2014 | by Thiago Kiwi

UK rated one of world’s most SME-friendly countries

New research from ACCA has found that the UK government is among the most positive towards SMEs in the world.

The UK has received plenty of praise recently for the welcome it extends to small and medium-sized enterprises (SME). So it’s perhaps no surprise that it’s been voted one of the most business-friendly environments in the world, according to a new report from the Institute of Management Accountants (IMA) and the Association of Chartered Certified Accountants (ACCA).

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Startups for GCHQ's cyber security accelerator revealed

October 24 ,2014 | by Thiago Kiwi

New research from ACCA has found that the UK government is among the most positive towards SMEs in the world.

The UK has received plenty of praise recently for the welcome it extends to small and medium-sized enterprises (SME). So it’s perhaps no surprise that it’s been voted one of the most business-friendly environments in the world, according to a new report from the Institute of Management Accountants (IMA) and the Association of Chartered Certified Accountants (ACCA).

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With new arrivals, more investment pours into London startups

October 23 ,2014 | by Thiago Kiwi

With new arrivals, more investment pours into London startups

New sources of investment are setting up to serve London’s tech entrepreneurship scene.

London is rapidly solidifying its place among the world’s top startup destinations. There is a huge amount of potential within the capital’s bustling ecosystem, where firms with lots of potential can find the right support from mentors and investors alike.

TechCrunch Disrupt has highlighted just a small selection of the talent within the UK and Europe more broadly this week. There’s plenty more out there, too. Investment keeps flooding into London to make the most of the city’s potential.

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London is great for startups, says former adviser to UK PM

October 22 ,2014 | by Thiago Kiwi

London is great for startups, says former adviser to UK PM

Rohan Silva, former adviser to Prime Minister David Cameron, has spoken of the benefits London offers for tech startups.

London is a great place to be a tech startup with plenty of opportunities, according to a former adviser to the prime minister.

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