#AskAnnette

Annette hosts the weekly #AskAnnette Show, a business growth and finance focused Q&A video show.

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What If I Cannot Repay My Bounce Back Loan?

In efforts to buffer the adverse effects of the Coronavirus pandemic to UK markets, national and local authorities work together to devise schemes to support the dwindling economy. The government considers small to medium-sized businesses, commonly referred to as SMEs, as significant pillars to local markets and necessary to the recovery of Britain post-crisis. Thus, they …

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What Happens If a Large Percentage of Bounce Back Loans Default?

When a large percentage of the Bounce Back Loans default or remain unpaid beyond its payment period, the banks have the responsibility to pursue payment from delinquent borrowers.  However, taking the impossibility of economic recovery due to the COVID-19 crisis as an example, banking experts in the United Kingdom are warning that up to half of …

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Systemise For Profitability

When you pick out the insides of successful companies, you will find that they have one thing in common: a foolproof system established since they started from scratch. While every venture and industry is different, a dependable system is always an ingredient for success. Whether it is a systemised workforce, business operations, or customer service, …

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What Does Increasing Unemployment Mean For The UK Economy And Our Taxes?

The Coronavirus pandemic is not only threatening people’s health but the nation’s wealth as well. In roughly three months, we have seen significant changes in local economies – most of which are not particularly desirable. With the entire UK under lockdown, markets ceased to operate. With no consumers, businesses would have no choice but to …

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What Effect are the Crisis and Recession Likely to Have on my Business Revenue?

One of the most popular yet unofficial definitions of a recession is that “if your neighbour gets laid off, it’s a recession. If you get laid off, it’s a depression.” Technically speaking, though, a recession is characterized by a decline in a country’s gross domestic product for six months, equivalent to two consecutive quarterly financial …

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Is This Pandemic Going To Change The Way We Shop Forever? Should I Open An E-Commerce Store?

If there is one thing constant in this world, it is “change”. It just so happens that this time around, there is something to catalyse the change; make it run its course faster. The Coronavirus pandemic has undoubtedly set an incredible wave of impact all over the globe. It changed life as we know it. What …

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What Is The Responsibility And Remit Of The Competitions And Markets Authority?

During times of national emergency, we can only count on the central government and its agencies to do a good job handling the situation. While personal responsibility must also be practised at this time, we can only do so much to protect ourselves, let alone the entire nation’s best interests. Since the Coronavirus disease was announced …

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Before You Declare Your Business A Failure

Are you feeling frustrated because you are not generating enough income? Or maybe, you are wondering why a 6-figure business like yours is still not earning you enough money to take home for the family? Before you throw in the towel and decide that your business is a failure, hear this out. Is Your Business …

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The Growth of the UK Shadow Economy

Contributing to 10% of the United Kingdom’s gross domestic product, the shadow economy is poised to continue growing as the business landscape changes worldwide. With the accelerated growth of the Internet in terms of strength, scope and features, the gig economy has been continuously gaining ground. That is only part of the whole shadow economy; …

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