Small business news roundup: May 17th-24th

Small business newsMissed any small business news this week? Don’t worry, we’ve gathered the best stories from the past seven days. Read on to catch up on the news that could affect your small business:

Last week, a new study revealed that customer service is main focus for small businesses this year. More than half (58%) said they also want to improve their social media presence, and 28% are looking at their eCommerce practices.

On Monday, we told you that the cost of starting up a business is less than an average week’s wages. Research from PeoplePerHour found that many people are starting up on just £312. Many of these are ‘spare room start-ups’ or are run alongside another job.

Next, we heard that small businesses are losing a staggering £785m a year due to cyber crime. The average small business loses around £4,000 per year, with 41% affected by online crime (such as viruses, fraud and hacking) in the past year.

On Wednesday, it emerged that more small business owners are taking holidays this year. Around three quarters (73%) are taking a holiday compared to just 57% last year. However, research shows that most will check in via phone or email during their break.

And yesterday, a survey showed that 59% of young entrepreneurs feel ‘let down’ by their education. Many felt their education failed to equip them with vital business skills in finance, tax, sales, and managing suppliers.

Keep checking the bOnline Small Business Secrets blog for all the latest small business news, features and website tips.

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Kasey writes about the latest small business and website news for bOnline. Find Kasey on Google+, or follow bOnline on Facebook, Twitter, LinkedIn and Google+

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