A day in the life at GapCap, much like many other roles within the industry, typically starts between 6:00 and 6:30am. Following a quick check of the news and industry updates, I’ll head into work, which presents the first (and in my mind, the biggest) challenge of the day; the cold, dark and wet, British climate. The subsequent 25 minutes are spent resisting the urge to ditch my bike, give into the cold and jump on the tube. However, somehow thus far I have resisted.
First there was the internet. Then came smartphones. Now, the world is gripped with app fever. There’s quite literally an app for everything, and the small business sector is no exception. So, as well as downloading Instagram filters that make your weekend snapshots look #onpoint, entrepreneurs should also be stocking up on purpose built apps designed to streamline day to day business operations.
Technology is continually transforming the way the world does business, and over the past few years the concept of Electronic Data Interchange has made serious waves. Shortened to EDI, the term describes the digital interchange of business information using a standardised format. In a nutshell, this allows companies to exchange information electronically, as opposed to creating a paper trail.
As SMEs start to search for alternatives to rigid bank contracts, the alternative finance market is blossoming. Today, flexible funders are revolutionising the way small businesses secure cash, with solutions like selective invoice financing at the vanguard of the trend.
The alternative finance industry is rapidly gaining momentum, and there’s no denying that the majority of the focus has been on SMEs. But given the growth centric benefits that go hand in hand with alt-fi solutions, should big businesses also be dipping their toes into the alt-fi pond? As far as we’re concerned, the answer is absolutely.
Small business is flourishing in the UK, with the latest government statistics revealing that this year the nation was home to 5.4 million SMEs, which account for 99% of all business. But for once, it’s not banks that are powering the economic revival. In search of alternatives that champion flexibility and transparency, alternative finance has emerged as an exciting new way for British SMEs to get off the ground, and into the top 10%.
Start-ups are the backbone of the British economy, with the latest figures from government-backed national enterprise campaign StartUp Britain revealing that already, 2016 has seen more than 335,000 new SMEs throw open their doors for business. Tech City UK CEO Gerard Grech has hailed the nation as a “breeding ground” for pioneering tech start-ups, asserting that its fertile tech eco-system is a melting pot of opportunity.
Like anything in life, it’s all too easy to fall into a routine. Though it’s important to understand that some routines are good, and some aren’t quite as beneficial. For example, sleeping in on a Sunday, as opposed to getting up and going to that gym class you’ve been promising yourself you’d attend all week. It’s easy to hit snooze, but in the long run you’re short-changing yourself in the form of a good workout, and a whole lot of endorphins.