{"id":2255,"date":"2016-09-19T15:12:15","date_gmt":"2016-09-19T15:12:15","guid":{"rendered":"http:\/\/www.openbusinesscouncil.org\/?p=2255"},"modified":"2020-02-27T09:31:59","modified_gmt":"2020-02-27T09:31:59","slug":"leading-experts-discuss-opportunities-threats-smes-face","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/leading-experts-discuss-opportunities-threats-smes-face\/","title":{"rendered":"Leading experts discuss the opportunities and threats SMEs face"},"content":{"rendered":"<p><i>Spokespeople from a variety of industries take part in roundtable event<\/i><\/p>\n<p>During this September\u2019s Small Business Advice Week, a panel of industry experts from different fields took part in a roundtable event at the ICAEW offices in London. The panel discussed the threats and opportunities SMEs encounter, and gave their advice on the topics.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/JjhXmRBNdK4\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><b>Small business in the UK<\/b><\/p>\n<p>As per the latest annual Department for Business Innovation report, \u2018small businesses accounted for 99.3% of all private sector businesses at the start of 2015\u2026 and 99.9% were small or medium-sized (SMEs).\u2019 The same document added that in the UK \u2018the combined annual turnover of SMEs was \u00a31.8 trillion\u2019.<\/p>\n<p>In line with the vital contribution that SMEs offer the UK economy, Small Business Advice Week exists to serve the interests of these particular enterprises. The 13th annual awareness platform aimed to advise and celebrate small businesses, while offering insight to the UK\u2019s thriving SME sector.<\/p>\n<p><b><br \/>\nThe Panel in attendance at the ICAEW<br \/>\n<\/b><\/p>\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\">The Chartered Accountants Of England And Wales (ICAEW)<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">123 Reg<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Pension Bee<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">UBM Media<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Advanced Workplace Associates (AWA)<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">CVS Business Rent &amp; Rates Specialist<\/span><\/li>\n<\/ul>\n<p><b>The ever growing functionality and need for social media and business websites<\/b><\/p>\n<p>Kate Cox (123 Reg) commented on the importance of an online presence explaining that \u201c55% of SMEs don\u2019t have a website\u201d although \u201c70%\u201d of the SMEs 123 Reg speak to feel that digital will be their future success. The panel also highlighted the growing importance of social media as a PR and customer interaction tool for SMEs, citing customer interaction as crucial in 2016.<\/p>\n<p><b>The importance of careful planning and adapting to the environment<\/b><\/p>\n<p>Romi Savova (Pension Bee) and Mark Rigby (CVS) commented on the importance of SMEs being able to demonstrate that their service solves a problem, adding the importance of \u201ctaking a helicopter view\u201d and evolving with the environment whilst ensuring to stay true to the brand\u2019s image.<\/p>\n<p><b>The competitive advantage SMEs have over larger organisations<\/b><\/p>\n<p>Andrew Mawson (AWA) praised small businesses for their vibrancy, energy and ability to embrace change. Barney Stinton (UBM) in agreement expanded: \u201cYou must start the business with a clear idea and clear vision, but it\u2019s important to remain flexible\u201d. The panel discussion highlighted evolving work models, such as flexible, agile, remote and home working. These work models effect how a business community communicates. The workplace, in addition to technology, plays a fundamental role in supporting such collaboration. Recognising that SMEs are operating in an uncertain world, Mawson advised business owners to understand the associated volatility of the changing world of work and to ensure their business model can be flexible and respond to change.<\/p>\n<p>The panel discussion pivoted on the overarching question: what can small business owners do to ensure their business is as successful as possible? Focusing on three key areas &#8211; strategic planning, financial and human resources, and physical \/ virtual infrastructures &#8211; the panel of experts, drawing on their experience as a collective, offered their top tips for business success.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spokespeople from a variety of industries take part in roundtable event During this September\u2019s Small Business Advice Week, a panel of industry experts from different fields took part in a roundtable event at the ICAEW offices in London. The panel discussed the threats and opportunities SMEs encounter, and gave their advice on the topics. Small [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2257,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[25,1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v19.7.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Leading experts discuss the opportunities and threats SMEs face - OpenBusinessCouncil Directory<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/leading-experts-discuss-opportunities-threats-smes-face\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leading experts discuss the opportunities and threats SMEs face\" \/>\n<meta property=\"og:description\" content=\"Spokespeople from a variety of industries take part in roundtable event During this September\u2019s Small Business Advice Week, a panel of industry experts from different fields took part in a roundtable event at the ICAEW offices in London. The panel discussed the threats and opportunities SMEs encounter, and gave their advice on the topics. Small [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.footballthink.com\/leading-experts-discuss-opportunities-threats-smes-face\/\" \/>\n<meta property=\"og:site_name\" content=\"OpenBusinessCouncil Directory\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-19T15:12:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-27T09:31:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2016\/09\/Screen-Shot-2016-09-19-at-16.11.41.png\" \/>\n\t<meta property=\"og:image:width\" content=\"744\" \/>\n\t<meta property=\"og:image:height\" content=\"418\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Hernaldo Turrillo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hernaldo Turrillo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.footballthink.com\/leading-experts-discuss-opportunities-threats-smes-face\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/leading-experts-discuss-opportunities-threats-smes-face\/\"},\"author\":{\"name\":\"Hernaldo Turrillo\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\"},\"headline\":\"Leading experts discuss the opportunities and threats SMEs face\",\"datePublished\":\"2016-09-19T15:12:15+00:00\",\"dateModified\":\"2020-02-27T09:31:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.footballthink.com\/leading-experts-discuss-opportunities-threats-smes-face\/\"},\"wordCount\":501,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"articleSection\":[\"News\",\"Open News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.footballthink.com\/leading-experts-discuss-opportunities-threats-smes-face\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.footballthink.com\/leading-experts-discuss-opportunities-threats-smes-face\/\",\"url\":\"https:\/\/www.footballthink.com\/leading-experts-discuss-opportunities-threats-smes-face\/\",\"name\":\"Leading experts discuss the opportunities and threats SMEs face - 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