Small Business Trends

Found this great site while searching the internet:

http://smallbiztrends.com/

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FREE Let Your Hair Down with The Christmas Party with Marsha

Marsha Wright is having a wonderful Christmas Party this Tuesday – can you make it?

It’s free but a charity event for the Nicole Scott Lupus Fund.

Nicole Scott is a 13 year old girl who is suffering terribly from Lupus and needs to attend treatment in America in order to have a normal standard of life.

She is currently in hospital and has raised nearly £1,000 of the £4,000 needed in January to travel for treatment.

We’re doing lots of activities it’s gonna be super fun! You can get a ticket or more information from: http://partywithmarsha.eventbrite.com.

There will be:

* Charades/Twister
* Karaoke
* Cashflow 101 board-game
* Competiton
* Food and Drink (bring a bottle or munchies please)
* Murder Mystery…

Sorry for the late notice but we only just heard about it and thought it would be nice to invite you too.

Hope to see you there,
Cemanthe

Contact Marsha Wright’s office for more info:
Web: http://partywithmarsha.eventbrite.com
Tel: 0207 1 830 930
Email: success.stories@marshawright.co.uk

and check out http://www.marshawright.co.uk

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50 Ways to Save Money – “This is Money”‘s top 50 money-saving tips – #20

20. Learn to say ‘no’
It’s easy to capitulate to the demands of a screaming child in a packed Woolworths on a Saturday afternoon. But don’t do it. Similarly, how often does a ‘swift half’ after work turn into a £40 drinking session? Saying ‘no’ a few times a year will do wonders for your bank account.
Saving: £100

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Abandon Yourself!

by: Neil Eskelin, Source Unknown

Alexander the Great, the Greek king, once led his troops across a hot, arid desert. After nearly two weeks of marching, he and his soldiers were near death from thirst, yet Alexander pushed ahead.

In the noonday sun, two of his scouts brought what little water they were able to find. It barely filled a cup. Alexander’s troops were shocked with he poured the water into the burning sand.

The king said, “It is of no use for one to drink when many thirst.”

Treating those who report to you as partners or associates will not work if it’s only a scheme of a strategy. It must be a genuine heart-felt expression.

When we truly believe in the potential of people, they rarely disappoint us. That is one of the messages of Max DePree, in his perceptive book, “Leadership is an Art.” He recommends becoming “abandoned to the strength of others — of admitting that we cannot know or do everything.”

Starting today, vow that you will treat your associates as partners, not subordinates.

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Be a Leader

by: Michele Milligan, Source Unknown

The following was written by a high school student writing an essay for her final exam:

“A true leader has the confidence to stand alone, the courage to make tough decisions, and the compassion to listen to the needs of others. He does not set out to be a leader, but becomes one by the quality of his actions and the integrity of his intent. In the end, leaders are much like eagles… they don’t flock, you find them one at a time.” Hard work, profound dedication, and encouragement toward others are what entitle an individual to be a leader.

A strong work ethic is one important quality of an adroit leader. As the saying goes: “There are always two choices, two paths to take. One is easy. And its only reward is that it’s easy.” Hard work and intense dedication can only make you better, both mentally and skillfully. If others see one person working as hard as they can 100% of the time, they will work harder for that one person. No matter how unmotivated people are, if just one person steps up and takes the lead, everybody else will follow. Leaders motivate others.

Many people find themselves working harder when they know that they get something out of it. Just by hearing a few pushing words that motivate and encourage, people force themselves to work harder. Leaders are usually the ones who ignore their own accomplishments to commend others for theirs. The leader keeps everybody’s head up at all times, as they work harder and harder, and more diligently toward their goals. The number one thing that a leader tries to avoid is making people feel guilty or to look down on them because leaders bring others higher in the world, usually with the result being success. As a noble person once said, “There are high spots in all of our lives, and most of them come through encouragement from someone else.”

Hard work from one person makes other work harder. Vehement dedication shows others the success that comes through it. Encouragement and support for others make others feel good about themselves and give them something else to work for. These are all very significant traits that a leader must possess. Don’t wait around for things to happen, make this world what you really want it to be, be a leader.

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UK Budget – What is it and how will it affect you?

Okay, so I know it’s a day late, but hopefully you haven’t seen it yet (or read about the outcry it’s caused) and you’ll learn something new from this post!

Chancellor Alistair Darling’s Pre-Budget Report is one of the most important Pre-Budget Reports in living memory. Unlike the rest of the G20, the UK is the only country still stuck in recession after its economy contracted for the sixth straight quarter in November. With the projected fiscal deficits for 2009/10 and 2010/11 being revised upwards from £175bn, businesses are facing more attempts by the government to claw back cash.

Here it is at a glance:

-50% levy on bank bonuses over £25K
-inheritance tax threshold frozen
-state pension up by 2.5% in april
-borrowing to hit £178BN this year
-vat will go back to 17.5% on January 1
-bingo duty to be cut from 22 to 20%
-return to growth in fourth quarter
-green payment to scrap old boilers

So, what does it mean for you or your business? Well, first of all, the VAT going up means your prices will go up and those of your suppliers! What else? A new green agenda, staffing issues, national insurance rises, corporation tax, VAT and stamp duty! Businesses need to react quickly or face being outdone by the competition.

What does the pre-budget report mean or your business?

Video

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London Business Survey (Autumn) 2009 Results

With thanks to Business Junction http://www.businessjunction.co.uk/ for sending this to my inbox! 🙂

London-based businesses across all sectors have responded to the autumn edition of the bi-annual London Business Survey and the results reveal that whilst most are confident they will see growth return in the first quarter of 2010, very few have plans to actively recruit new staff.

Present Government policies on tendering and business support are also criticised as being ineffective and in certain cases actually damaging to recipient businesses.

The survey, carried out by Business Junction and Clarity this November, invited companies across London to submit their views on how the recession and credit crunch has affected them directly and their outlook for 2010.
Many thanks to all the London businesses that took part!

The key findings of the survey are:

Ø  Business confidence is returning: 83% of businesses expecting turnover to increase or stay constant into Q1 of 2010 in comparison to 75% in Spring 2009

Ø  London businesses say staff numbers will most likely stay as they are now for the next 6 months, although 31% now say they expect to add to their workforce compared to 25.19% in Spring 2009

Ø  Business support programmes by the Government, LDA and Mayor’s office have a poor take up rate and where taken up by London businesses, the impact has been negligible

Ø  Only 13% of London businesses believe the current tendering process for Public Sector projects is a good investment of time and money

Ø  Payments for Public Sector projects are usually received later than 29 days from invoice – 9% took longer than 90 days!

Ø  53% of overdraft applications to banks are not approved and the attitude of banks to businesses has remained largely unchanged since August 2008

Ø  88% of companies are members of a networking organisation.

Economy
Although business confidence is slowly returning, with 83% of businesses expecting turnover to stay the same or increase into 2010, recruitment opportunities look poor, with less than a third of London businesses (31%) looking to add new staff over the next six months.

Support and training
Despite the Government’s efforts to use business support programmes to help London’s companies drive the economy out of recession, the take-up has been poor. Only 22% of businesses had accessed Government support schemes, with more than half (51%) of those who received support feeling it failed to have any impact at all.

This issue was magnified in the results for the London Mayor’s office and the London Development Agency (LDA). Only 3% of London businesses have accessed any support schemes run from the Mayor’s Office whilst 14% had accessed one of the LDA programmes.  Of those who received support through the LDA or Mayor’s Office, almost half (44%) felt it had resulted in a positive impact, over a third (37%) had felt no impact at all whilst almost a fifth (19%) felt it had actually had a negative impact.

Tendering for the public sector
Whilst around a third of London businesses had tendered for public sector work, only 13% of businesses surveyed feel that tendering is a good investment of time and money. The figures for CompeteFor also showed that whilst over a third (37%) had registered and a similar figure had tendered through the site (29%), only 4% had won any work.

Those who do work for councils, government agencies report that payments are still slow, despite government assurances to the contrary. More invoice payments take 30 days, with nearly a fifth taking longer than 90 days to sort payment from invoice.

Banks and small businesses
Over half of overdraft applications are still rejected by the banks and businesses report that the attitude of banks towards their business has remained unaltered since August 2008, when the lending crisis started.

Despite lending to banks being extraordinarily cheap, the rates passed onto businesses are excessive. Anecdotally, Business Junction hears of rates around 20% for small business lending, whilst accountants advice for small loans that credit cards and personal loans are cheaper and easier to sort.

Networking
Four out of five London businesses use networking to find new clients and suppliers for their businesses. This is leading to a sea-change in the ways London businesses structure themselves, with many companies now outsourcing functions, especially those within marketing or traditional back-office functions to companies within their networks.

For the full press release, please visit http://www.businessjunction.co.uk/londonbusinesssurvey. Press enquiries to Mark Herring (mark@businessjunction.co.uk).

For full results of the survey and analysis, please click here: https://www.clarityuk.net/register.php

Clarity is an online feedback company, producing surveys and market research for a range of clients across the UK. For more information, please go to www.clarityuk.net

Additional Information

BUSINESS JUNCTION is London’s leading independent business referral network, creating connections and trading opportunities for hundreds of companies across London and the south east.

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