This week has been eventful for small businesses, which began with Cyber Monday boosting sales, and ended as the final preparations were made for Small Business Saturday. Here’s a quick roundup of the small business news you might have missed:
Monday was dubbed Cyber Monday, the biggest day of the year for online shopping. However, a report from Virgin Media claimed just 5% of people would do the majority of Christmas shopping on that day, with more waiting until after Christmas to buy their gifts. However, 74% of respondents said they will do most of their Christmas shopping online.
On Tuesday we heard that small businesses fear the new auto-enrolment pension scheme could damage their business. More than half are worried about the cost of contributions, with 40% expecting the scheme to cause cashflow problems in the next 5-10 years. By 2018, all businesses will have to offer a pension scheme to their staff under the new rules.
Next, we told you that 39% of small business websites are still not optimised for mobile devices. This is despite the fact that tablet-driven eCommerce takes up 10% of the total market. Small businesses are also failing to keep track of their website statistics, with 7% admitting they never look at their traffic stats.
And yesterday, Chancellor George Osborne delivered the government’s Autumn Statement. The highlights for small businesses included extensions of the Start Up Loans and New Enterprise Allowance schemes, more rate relief for small businesses, and a cut in employers’ national insurance contributions which will make it cheaper to hire young people.
We’re all ready for Small Business Saturday tomorrow, the first one to be celebrated in the UK. You can find out how it could benefit your business in our new blog article. Be sure to let us know in the comments or on Twitter @bOnlineLtd if your small business is getting involved!