OK, pop quiz… first person to guess 3 answers correctly gets a free website audit worth £147 – I am not affiliated with any resources shared below.

1. Which UK online marketplace grew by over 300% in seller signups between 2020 and 2023?

A) Not On The High Street
B) Amazon UK
C) Etsy UK
D) Folksy

Useful Resource: Etsy Seller Handbook – https://www.etsy.com/uk/seller-handbook
Free, in-depth guides on marketing, SEO, photography, and customer service.

2. What is the most common reason UK small businesses fail in their first 5 years?

A) Lack of funding
B) Poor product-market fit
C) Lack of marketing
D) Cash flow problems

Useful Tool: Float – https://floatapp.com/
A cash flow forecasting tool that integrates with Xero, QuickBooks, and FreeAgent to help you avoid surprises.

3. As of 2024, what is the fastest-growing sector for UK startups?

A) Food & drink
B) Digital health
C) Fintech
D) Sustainable products

Useful Platform: Tech Nation’s Digital Health Reports – https://technation.io/
Offers insights, startup support, and networking opportunities in this space.

4. What percentage of UK small business owners do not use an accountant or bookkeeping software?

A) 5%
B) 18%
C) 34%
D) 60%

Useful Software: QuickFile – https://www.quickfile.co.uk/
Low cost UK-based accounting software, for freelancers and small businesses, even HMRC-approved for Making Tax Digital.

5. What percentage of UK small businesses don’t have a website in 2024?

A) 12%
B) 24%
C) 33%
D) 45%

Useful Platform: Squarespace or GoDaddy Website Builder – Both offer simple, code-free tools for building a professional site in a day.

Bonus tip: Google Business Profile is free and boosts your local search presence even without a website!

You may guess the answers from the shared resources 🙂