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Small businesses are worryingly unprepared for the possibility of a no deal Brexit, research has found. The Federation of Small Businesses (FSB) looked into how small businesses were preparing for the possibility, and the findings show a chaotic picture of the post-Brexit UK. Over 1,200 businesses were part of this research that was carried out this month. The whole country is unsure of what is to come with a no deal Brexit, but small businesses need to have a contingency plan in place to avoid chaos.
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As the possibility of a no-deal Brexit deal increases, what would be the impact on our telecoms if it were to happen? Is it another cause for concern for small businesses or are there some potential benefits?
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In a recent study conducted by FreeAgent, looking at the work habits of micro business owners and freelancers, it was found that they are creating a new phenomenon called workation.  A workation is essentially working whilst being on holiday. This is not the ideal situation, checking work emails and doing admin whilst on holiday. The self-employed are workaholics and seriously need to find the balance between work and life. Holidays are a time to get away, switch off and rejuvenate, constantly working achieves the opposite of that.

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Sometimes small businesses start out using e-commerce platforms such as Amazon and eBay to start their business. It seems that Amazon is currently the biggest player in the international market. A study carried out by Website Builder Expert, looked at the power that Amazon has and how it compares to the international competitors such as eBay and Alibaba. Worldwide online expenditure is expected to exceed £3.5 trillion by 2020, making the online market very competitive.
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Small businesses are less likely than larger businesses to offer zero hour contracts when hiring. In research carried out by the Federation of Small Businesses (FSB), it was found that employers within the small business sector tend to steer clear of non-guaranteed hour contracts. It was also found that small businesses were already paying the new National Living Wage (NLW) of £7.43 before it rose in April. This makes small business a good choice of employer.

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The Federation of Small Businesses (FSB) has carried out research looking at small businesses reaction to new credit. The study carried out had just under a thousand small business participants. One in three of those businesses say that the new credit is unaffordable. It’s making them hesitant to borrow funds, which are vital for growth. These findings come just ahead of Bank of England’s decision to raise interest rates in the UK.

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In the latest research conducted by the Federation of Small Businesses (FSB), it was found that small businesses need innovation to narrow the productivity gap. As a result of this research carried out, the FSB are calling on the government to introduce a new tax credit. The lack of innovation within the UK small business sector is worrying and is having a negative impact on the overall productivity. With innovation, small businesses can grow and thrive.

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In a recent study conducted by Advanced, it was found that small business owners are on the brink of a burnout due to their heavy workload. SME leaders and managers are close to hitting the boiling point because of the stress and pressure that comes from running a small business. These are issues that can be controlled and maintained. Small businesses are the backbone of the UK economy, and without healthy small business owners to run them, the UK economy could be in trouble.

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One of the questions we are most frequently asked at Company Bug is “how many limited companies are there in the UK”, or similar questions relating to the business population as a whole
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The claims management market is exceedingly busy at the moment. The announcement of the PPI deadline for 29th August 2019 means businesses are working harder than ever to encourage as many customers as possible to make a claim. With over £30 billion already paid to consumers, the industry is receiving a good sum of money by working on behalf of consumers — an amount which is likely to increase as the deadline nears.
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In the latest research conducted by the Federation of Small Businesses (FSB), it was found that the self-employed are not very optimistic about the future. The self-employed in the UK are the largest business group, with there being an estimated of 4.8 million sole traders. The FSB are launching a ‘Think Self-Employed’ scheme to rescue the collapsing confidence of the self-employed in the UK.

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In the latest Small Business Index (SBI) carried out by the Federation of Small Businesses, it was found that small business confidence has risen again. The confidence of small businesses has hit a one year high, which is great news for the sector across the UK. The steady rise in the confidence portrays a bright future for small firms that remain strong and positive despite adversities.

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According to the latest research from the Federation of Small Businesses (FSB), it was found that small businesses are unprepared for some of the biggest disruptions a business could face. The issues that could arise from cyber crime to staff losses or severe weather, can have a huge impact on small businesses. Therefore, small businesses need to get prepared and have a contingency plan in place.

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The investment in the small business sector has fallen, according to the latest Federation of Small Business (FSB) research. The number of small businesses that are planning to invest in the future of their business in the upcoming months, has decreased. This decrease hitting an 18-month high.

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A major initiative has been launched by TransferWise, a financial technology company to encourage UK’s youngest and brightest entrepreneurs to grow their business internationally. The scheme duped ’20 under 20′ could be life-changing for twenty young entrepreneurs in the UK, helping them take their business to new heights.

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In the most recent study carried out by the Federation of Small Business (FSB), it was found that constantly rising operating costs are stalling business growth. The survey, which has over a thousand recipients, highlights the struggles of small businesses, as the number of small businesses reporting a rise in operating costs is nearly at a record high.

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In the latest study conducted by the Federation of Small Businesses (FSB), it was found that if small businesses were supported by bigger businesses then they could grow their business through innovative techniques. Innovation is the key to the success and the growth of the business. If innovation is fed through the supply chain, this could significantly help small businesses succeed.

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In a recent study conducted by the Federation of Small Businesses (FSB), it was found that the percentage of small businesses that have increased the wage for their employees is the highest it’s been in three and a half years.

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The positive effect of having an online presence and being on multiple different social media platforms cannot be denied. Yet, a majority of SME’s are not taking the advantage of using social media to drive sales for their small businesses. Social media is a cost-effective way of effectively marketing your business, and the presence online is an absolute must in the present day.

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Small businesses still have a lot of catching up do with regards to the General Data Protection Regulation (GDPR). With just under a month left until the new legislation goes into effect, the small business community is hoping that the Information Commissioners Office (ICO) will be lenient. Small businesses have struggled with GDPR from the beginning because of the lack of resources that are easily attainable for bigger businesses.
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