According to business accounts expert Joe Phelan, digital platforms have made it easier to launch a small business, but the operational realities are frequently overlooked.
According to Joe Phelan, business savings expert at money.co.uk, while AI is transforming how organisations work many smaller firms remain held back by skills shortages, unclear strategies and doubts over investment.
Joe Phelan, business bank accounts expert at money.co.uk, said: “Small business owners face a growing challenge: the ‘infinite workday’ is stretching hours and draining productivity."
According to the UK Government’s Cyber Security Breaches Survey 2025, 43% of UK businesses and 30% of charities reported experiencing a cyber breach or attack in the past 12 months.
The 4 Day Week campaign advocates for reduced working hours without a loss in pay or benefits.