Skip to main content
We're here with practical information for your business. Learn about business planning, running a business and more.

Search

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

UK shoppers plan big spend on Black Friday

22 October 2018

UK shoppers plan big spend on Black FridayA new survey has found that UK shoppers will spend an average of £90 each during this year's Black Friday retail sales event.

Altogether, consumers are expected to splash out £4.7bn on Black Friday, with almost half of this expected to be spent online, according to research conducted by Censuswide for Salmon.

Black Friday takes place this year on 23 November. Nearly a quarter (22%) of shoppers polled said they would bring forward their Christmas shopping this year to take advantage of the event. Consumers are set to spend 16% of their total Christmas budget on the day; this figure rises to 28% for 16-24 year-olds.

The survey of 2,000 UK consumers reveals that those in the 25-34 age range will be spending more than anyone else (£154 on average compared to £90 for all consumers). Men will also spend 34% more than women on average; however, women are more likely to spend their money online.

Londoners are expected to spend the most of any UK region on Black Friday (£141), while shoppers in Norwich will be spending £40.50 on the day.

"The Black Friday steam train looks set to pick up even more speed this year, with many consumers even looking to do their Christmas shopping during the November sales period," said James Webster, head of managed services and peak trading expert at Salmon.

"Black Friday is now a highlight in many consumers' calendars - but in an increasingly online and competitive retail world, it's not only the deal that gets consumers through the door - it's the experience and service they receive throughout the entire sales process. Brands, retailers and marketplaces have to be as smart and agile as the consumers they're selling to."

Last year saw record levels of online sales, with a continued shift towards mobile commerce. Webster said: "It's important for ecommerce companies of all types to ensure they're offering a sophisticated, yet easy, customer experience that spans all channels and platforms. It's all well and good for retailers to start their Black Friday deals early, but if they don't have the proper peak operations system in place to cope with the demand, they'll likely be left in the wake of bigger fish like Amazon, who have historically focused heavily on the Black Friday period."

Stay up-to-date with business advice and news

Sign up to this lively and colourful newsletter for new and more established small businesses.

Contact us

Make an enquiry