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A report from the UK Parliament at the end of 2016 stated that there were 383,000 business births in 2015 and 252,000 business deaths in the same year. That's a staggering average of 690 companies in the United Kingdom that went out of business each day.

Unfortunately, this figure is not uncommon. Each year since 2001 there have been at least 207,000 companies go out of business.  The positive news is that only 2009 and 2010 saw more companies go out of business than there were new businesses.

In 2016 there were 5.5 million businesses in the United Kingdom, according to the same report. Of these, more than 99% are Small or Medium Enterprises (SMEs) - employing 0-249 people.

Finances can be difficult for small businesses, and often to be a success, reducing costs as much as possible is a key to success, particularly if you don't plan on borrowing or don't have initial investment. Money management is essential.

It is vital to most businesses these days to have a broadband internet connection, line rental, mobile phone packages etc.  What some SMEs aren't aware of is that they can make a tidy saving by getting a telecoms package from the same supplier.

Network Telecom is one company in the United Kingdom that have been around for more than two decades, offering a one-stop solution for a small business' telecommunication needs. This offers substantial savings to SMEs on their business telephone systems, broadband, line rental, call charges, mobile packages and maintenance - delivered in one bill.

Whereas having multiple bills from multiple suppliers across multiple products is not only more expensive, but more time consuming - not ideal when you're a small business with few employees and a lack of time to be dealing with lots of suppliers. Having one company deal with this for you can get a lot of stress off your back - reducing admin time, lowering costs and simplifying telecoms management.

Companies such as Network Telecom can provide a complete, comprehensive review of your requirements and their industry experts have been in the industry for a number of years to help design the bespoke telecommunications package that is best for your business, in both terms of service and value.

Independent telecoms companies scour the market for the most cost-effective solutions, rates and bundles - giving you a better deal than many of the household names, such as BT and TalkTalk, can offer you.

Being a small business will likely mean your time is tight. But getting a cost saving telecoms package can make a real difference to your bottom line.