Business owners are being urged to be “proactive and do research” when it comes to looking for best rates on savings accounts amid the pandemic. In the last few weeks, eight per cent of business owners surveyed have moved their cash savings to try to secure a better rate of interest. This comes as interest rates on savings accounts have been falling since the Bank of England cut its base rate to 0.1% in March this year.
Small business owners will at some point likely be faced with a decision regarding a company car; should you lease or should you buy? Both have their benefits, but there are many things to take into consideration before making a choice. These include tax implications, financial commitment, and also that of the question of ownership. We explore whether it’s best to buy or lease a vehicle for a small business.
Welcome to the Q2 issue of SME News. And so we’ve reached the re-opening stages of this lockdown, tentative though it may be. With the next few days bringing about a host of business-related openings there is the expectation that we’re truly emerging out of the other side. Albeit, without many of the ‘normal’ expectations we have. It’s been a baptism of fire for businesses new and old, in a truly unprecedented situation that no one could really predict or wholly prepare for. This issue will then focus on the optimism presented by the unknown future. Even if we do have to backtrack and return to more distant times, we will be more prepared and knowledgeable about what to expect. We’re experienced now in it all. Lessons have been learned, and companies up and down the country will be better equipped to grow and thrive in less-trying times. Onwards and upwards. So, whenever you have the time, sit back and take a look at this issue. We’ve focused on a select number of SMEs that are looking at becoming better, more resilient and more robust in the months and years to come. In the meantime, we hope you stay safe. We’ll be here next quarter to give you the latest in UK SME news.
But, the focus of this issue isn’t the pandemic. In light of International Woman’s Day, which already seems like a lifetime ago, SME News wanted to spotlight the work of women-owned companies who are driving industries and shifting paradigms. So, let us focus on something positive. Let’s look at the female pioneers and disruptors who are shaking the world of UK business and beyond.
Genius Marketing, our front cover for this edition, has swiftly gathered a burgeoning client base through its creative and compelling services. Marketing companies are seemingly everywhere these days, all promising ‘best in class’ solutions to a whole host of prevalent problems. For SMEs it can be difficult to figure out how a marketing firm can benefit their operations. Genius Marketing dispels concerns in an instant with actionable, achievable and effective brand solutions for SMEs, regardless of where they are on their ‘business journey’. We profiled the firm to find out more.