Small and midsize businesses (SMBs) have one passion – their company, their customers, their industry, and their growth. If you are in the process of starting a new small business, or are even trying to successfully run one, you will be well aware of the various challenges that you may have to face in the near future.

Sky Medical Technology Ltd (Sky), parent company of Firstkind Ltd,  today announced the appointment of Fiona Young as director for its wound care therapy business.  Fiona will spearhead and build-out Sky’s geko™ device sales and marketing strategy in the wound care space.  

Acquisitions can be an ideal way for founders to accelerate growth, enhance market share and achieve higher valuations. However, startups considering an acquisition need to think carefully about their objections and plan for all eventualities if they want a merger or acquisition to be a success. 

Sküma Water has raised £300,000 in a pre-seed funding round led by early-stage focused venture capital firm Jenson Funding Partners. Multiple angel investors also participated in the round, including William Ripley, a notable investor in sustainable technology and ex-director of product strategy at Philips

New research from FDM Group reveals the most in-demand tech skills, to help spruce up your CV and stand out from the crowd. 

Business finance experts at NerdWallet ran a study on 25 UK cities to find out which would be the most likely to weather a recession. The study used data from the ONS and other sources, looking at active business population, business survival rate, and disposable income, among other factors.

EasyTip, the UK’s leading online service for collecting tips in the hospitality industry, is announcing a new partnership with Samtouch Software, bringing fairer and quicker tip payments to staff at over 7,500 hospitality venues across UK. Technological innovation has become vital in driving the post-pandemic recovery of the sector and enabling the administration of staff tips to be more efficient, cheaper, and less time consuming is a significant component of such a trend.

Raising capital is one of the biggest roadblocks faced by today’s entrepreneurs. Not only are bank loans very hard to get for many, but risk capital investors can expect high growth and rapid exit, which are not options for a huge majority of businesses. Despite these challenges, Manchester Kombucha business, Hip Pop, has achieved impressive growth since launching just three years ago thanks to its successful investment strategy.

As interest rates increase and tech stock multiples come down, accessing growth capital is becoming more expensive for startup founders.

Businesses are fighting back against the energy crisis with sustainability at the core of the reaction, according to research from Ayming, the international innovation consultancy.

Starting a business comes with unavoidable risk and responsibility. And where there is risk, insurance surely follows. It’s an industry that has a foothold in many aspects of life, from the cars we drive to our homes and our businesses. While it’s another expense to add to the profit and loss sheet, taking out the right kind of insurance for your business is absolutely critical. Even more so for startups because many typically lack financial security and stability in the first few years. In this short guide, we’ll outline the most common types of business insurance that startups take out from the get-go.

Today, Expedia Group launches Open World™ Accelerator, an initiative that builds on its Open World vision to power partners of all sizes with the technology and supply needed to thrive in the travel market. This new initiative is designed to advance innovation in the travel industry, by supporting startups and small and medium sized business (SMBs) to fast-track their growth and innovate on Expedia’s purpose-built technology platform.

For those who read our last part, you’ll know Traction Club is a new 5-week programme we ran at Colorintech over the summer of 2022 to help underrepresented B2B founders get their first paying client.

Pets are big business in the UK. According to the PDSA, over half of the UK’s adult population own a pet of some description. This is a lucrative demographic for budding business owners in the pet industry, particularly with regard to ‘pet hospitality’ – an emerging industry borne of the increased mobility of younger pet owners in the UK. But if you were to start your own pet boarding business, where would you begin?

The search for a co-founder is no easy feat. It’s not just about finding someone to accompany you on your business journey or having someone to share the challenges that come with being a founder. It’s about finding someone who shares the vision you hold so passionately – someone who has that equal burning excitement within them to build your shared vision into the great product you know it can be. In a way, finding the right co-founder is a lot like dating; it requires a time commitment, and compatibility.