Exporting can seem like a monumental task for some, even though there are more avenues than there have ever been before with the rise of online marketplaces for entrepreneurs to sell their wares.
Author Letitia Booty
Sticking with the downward trend for this year, the number of SMEs trading internationally decreased slightly from 30 per cent in Q2 to 28 per cent in Q3.
Of the businesses that have used asset finance over the past five years, 20 per cent used it to purchase new plant or equipment and 15 per cent cited a failure to extend overdraft facilities.
E Fundamentals was initially funded through family and friends, but has explored other avenues as well.
A recent study has found that there is something of a perception gap between businesses and investors in terms of what makes a successful scale-up company.
The top ten micro sectors by SME growth include: office admin and business support human health services, and motion picture, video, TV, sound recording and music publishing.
Apprenticeships have gained a lot of press coverage in recent years, with many headlines wondering aloud if they could be the answer to solving the skills gap in the UK.
Although the majority of SMEs have yet to put Brexit-proofing plans in place, since Article 50 was triggered, 32 per cent have upped business development activity, and 27 per cent have decreased their costs.
The British skills gap is a problem for businesses with ambitions of scaling up. How can you make sure you have access to the right talent?
According to Business in the Community’s Mental Health at Work report, 77 per cent of employees have experienced symptoms of poor mental health at some point, and 29 per cent have been diagnosed with a mental health condition.
Business owners should not take softer skills, such as communication and resilience, for granted when pitching to investors.
UK employees were willing to leave their roles for a ten per cent pay rise, compared to a European average of 12 per cent.