Business Planning

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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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Financial Pressure Of SME Business Owners Are Being Linked To Worsening Mental Health

The world is undergoing a big change, a groundbreaking transformation. However, none can say that the process is something we could have expected. With people’s growing fears of the Coronavirus pandemic, the entire nation has been placed under total lockdown, and it has gravely affected market conditions. According to an article by Independent UK, after the …

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What Happens If I Default On My Bounce Back Loan?

These are troubling and desperate times, especially for small to medium-sized businesses (SMEs) that depend on their day-to-day operation to survive in the markets. Local businesses are mostly family-owned, and whatever profits they make through business, they take home to provide for the needs of the household. With almost the entire nation staying indoors, these …

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What Does Negative Interest Rates Mean for Business?

For the first time in 326 years since it was established, the central bank of the United Kingdom, the Bank of England is considering implementing negative interest rates. Following central banks around Europe such as in Germany and Switzerland, the Bank of England said that it is actively reviewing this strategy in hopes of injecting …

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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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What Does It Mean When the Pound £ Weakens

A weakening sterling pound against foreign currencies spells various effects on various sectors. Generally, a weak pound is not a good sign, especially if you look at it long term. It translates to a lack of trust in the nation and a poor performance globally. However, on a short-term perspective, it can have quite a …

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What Impact Does Rising Unemployment Have For My Business?

It wasn’t too long ago when we were all asking for long weekends, a longer holiday, or just one whole day of sleep. Little did we know that the year 2020 will grant our wishes a little too literally. Take backs, anyone? The first half of this year is beyond crazy. Nobody knew what was …

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Key Numbers To Be Monitoring In Your Business

One of the biggest challenges of running your own business is keeping off the “red.” This struggle is particularly evident in startup companies as new proprietors are likely to expend a whole lot of effort trying to stay afloat during the introductory phase of their business. Running an entire operation when you’re still in the …

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In Recessions There are Always Winners – How to Become a Winning Business in a Recession

The Coronavirus pandemic spares no one; everybody is affected one way or another. In the business world, it has caused distress and finally tipped the prolonged overdue recession that’s been looming in the past years. Following the 2008 recession, economists have been inferring that we have been on the brink of a recession. If you’ve …

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What Does A Shrinking Economy Mean?

The first two quarters of the year 2020 have been erratic. With the biggest health crisis of the decade threatening the welfare of people all over the globe, world leaders and local authorities are pressed to think of feasible countermeasures fast. After all, humanity’s fate rides on the actions we take at this critical time. …

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