Have you kept up with all the small business news from this week? Don’t worry if you haven’t – we’ve got a quick news roundup for you. Here’s what you might have missed:
On Monday we revealed that customers are willing to pay up to 10% more from brands they engage with on social media. Consumers are more likely to buy from these brands, however, nearly two thirds of businesses said they lack the time to use content marketing channels effectively, including social media.
Next, we heard that card payments are set to rise by 75% in the next decade. Small businesses are urged to prepare for the rise in card payments as cash transactions are expected to drop from 21 billion in 2012 to 14 billion in 2014. Measures will also be announced to prepare small businesses for the implementation of mobile payments.
On Wednesday, the Federation of Small Businesses (FSB) led a call for GCSE reforms to better prepare students for work. Research found five out of 10 small business owners believe young people lack the attitude and skills (including communication and problem solving) needed to succeed in the workplace.
And yesterday, we found that the New Enterprise Allowance (NEA) scheme has enabled 26,000 jobseekers to start their own businesses. The scheme provides support and guidance to help people get off benefits and put their business ideas into action. This has included 6,000 over-50s and 4,000 disabled people.
Don’t miss any more small business news — visit bOnline’s Small Business Secrets blog for the latest stories, as well as advice and website tips.