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Tag: small business

Wednesday Insight: What SMMEs in the creative industries should know

The UK’s creative industries sector encompasses everything from film and television to advertising and design services, yet its contribution to the economy is often overlooked. In this article, we take a look at what businesses in this sector can expect in the coming months, and how they can respond to challenges on the horizon. Key…
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This Week In Business

The outlook for the UK economy has shown encouraging signs this week as British retail sales beat expectations in July, in spite of slowing economic growth. The results were positive for small, medium and micro enterprises (SMMEs) in food, clothing, footwear and household goods in particular, with growth in all these sectors exceeding predictions. However,…
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Wednesday Insight: customer and client retention

Whatever stage of development your business has reached, it is essential to ensure you are doing all you can to retain your existing customers and clients. Retention is one of the simplest and most effective means of growing a business – research from Bain & Company has showed that retaining existing clients can be up…
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This Week In Business

This week kicked off with a positive start for small businesses in the retail sector. Recent figures from the Confederation of British Industry (CBI) showed that retail sales nationally grew in the months leading up to July. 48 per cent of retailers surveyed said that sales volumes were up in July compared to a year…
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Building Legacies event welcomes Sir Robin Wales and East London SMMEs

On Tuesday the 25th July, Building Legacies hosted its Summer Networking Event, the latest in our quarterly networking events which attract small businesses from across East London. We welcomed more than seventy small, medium and micro enterprises (SMMEs) in sectors ranging from consulting to carpentry and media production to marketing, meeting at the Good Hotel…
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This Week in Business

Recent figures indicate that small businesses who have seen their sales take a tumble recently could breathe a sigh of relief – at least for the time being. Inflation in the UK unexpectedly fell last month, resulting in households having more cash to spare and more money to spend on goods and services. However, despite…
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Wednesday Insight: growing your business network

The best way to expose your business to more of the kinds of opportunities that are useful to you is to work to increase your networks- both personal and that of your business. Ahead of our Summer Networking Event next week, in this article we explain the importance of growing your network of business contacts,…
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Wednesday Insight: generating leads as an SMME

As a small business, ensuring that you maintain a healthy pipeline of new business leads is essential for your financial stability and continued growth. In this article, we look at some simple, low-cost and effective means of increasing your lead generation as a small, medium or micro enterprise (SMME). Increased communication Small businesses, in comparison…
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Wednesday Insight: spotlight on the marketing sector

The UK’s advertising and marketing industry is one of the largest and most lucrative in the world, employing half a million people, many of which are based in small, medium and micro enterprises. In this blog, we look at the challenges facing SMMEs in the sector and how they can adapt to them. Key figures…
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This Week In Business

The outlook for UK businesses has been gloomy in recent months, according to the Bank of England. The continued trend of low wage growth was this week branded a “return to pre-industrial Britain” by Andy Haldane, the Chief Economist of the UK’s central bank. This is hitting productivity hard: although productivity in OECD countries has been…
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