Sunday, February 26, 2017

Sage Advice for UK Small Business Needs



In today’s economic climate, the world is fast moving, ever changing and incredibly demanding. You just need to be in the tube during rush hour to experience the rush of suits as they hurriedly make their way into the office or to their meetings for the day. The UK startup market is a saturated one with only 6% of startups and SME’s going onto become larger businesses. Managing Directors of small to medium sized businesses are expected to be on top of their company and their offerings in order to compete with the larger corporations.



Without the larger and more intricate financial and operative infrastructure of larger companies, this can be a demanding task and sees many MD’s working late into the night and waking up in the early hours to ensure that their day is planned, their meeting preparation done and their company running as smoothly as it possibly can.

For those SME owners reading this, it is as if we are preaching to the choir as they already know small business statistics. Annually in the UK, more than 500 000 people start their own business. Nearly one in six of the UK workforce is running their own micro-enterprise with 90% of all new jobs being created by new single person, self-employed enterprises. There is a marked 40% increase in micro enterprises for this millennium with numbers growing by ½ million each year.

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