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Hub You - Micro Business and Banking
I encourage each of you beef cattle breeders to consider these four steps in your Beef Cattle Marketing program.BUILD THE RIGHT PRODUCT There is no question that the most important thing in seedstock marketing is to develop the right product. That product is cattle with the kind of genetics that satisfy customers, solve problems and make money. To do this a breeder not only needs good cattle, he must also define a primary market area and learn what the majority of potential customers within that area need and want. And this is not a one-time thing. Keeping up with customer demand is an ongoing proposition.GET THE RIGHT ATTITUDE Public relations is the next logical step in marketing. It can do things that are very difficult to accomplish with advertising. PR can personalize you and your business in a noncommercial way with someone else telling your story. Good PR
COMPANY DEVELOPMENTS Abbey National offers free banking for small businesses. Alliance & Leicester’s Commercial Bank also offers a free banking account. Barclays Clearlybusiness service offers useful information and support to new businesses. Bank of Scotland’s Smartfinance is a relevant offset product that cuts the costs of borrowing. HSBC relies on brand scale and reputation and on accessibility to sell moderately priced business banking. Lloyds TSB offers tiered customisation of bu
The agenda states an end time of 2:00 pm, and yet it is 2:10 and the guy is still droning on with only 52 more slides to go in his presentation!You are told that you will have 30 minutes to present and now you show up and find out your time has been cut to 20 minutes because the person before you went over time.As the band, Chicago sings, “Does anybody really know what time it is? Does anybody really care about time?” Start your next meeting with this song and then share this mathematical formula to help the speakers for the next time.The average person speaks 150-200 words per minute. During a presentation we should slow that pace down to about 125 words per minute to allow for better enunciation, interaction and clarity. If you are asked to speak for 15 minutes, do the math…15 times 125 equals 1,875 words…period! Type up what you want to say and then do a wo
Around 20% of the UK’s self-employed work in the construction industry. Between 13% and 14% are involved in diverse business activities, around 7% work in recreation, culture and sport, and a further 7% in health and social work.
Nearly three-quarters of the self-employed had a self-employment income of less than ?15,000 in 2000/2001. NatWest is fully aware of the problem of low income in self-employment and hopes its business managers will help customers to develop their businesses and increase their profits. In December 2001, the Competition Commission reported on banking services for business and accused the banks of failing to offer good value competitive services to small businesses. The banks have responded with improvements to their services for business and now cater much better for micro businesses.
KEY FINANCIAL SERVICES Approximately 1.5 million people use personal bank accounts for their business activities, and fewer than half of new entrepreneurs open a business account for their start-up enterprise. 52% of self-employed men and 70% of self-employed women were not in a pension scheme in 2000/2001.
Self-certified and flexible mortgages and offset accounts have revolutionised the capacity of the self-employed to borrow for their home and business. Designated business loans and grants are hard to obtain, especially for new small businesses. Government support is targeted on disadvantaged geographical areas.
Employer’s liability, professional liability and other protection insurances are high-cost because of rising litigation costs. Liability cover is often prohibitively expensive for the self-employed in risky occupations such as roofing and scaffolding. Critical illness cover is costly because of medical advances resulting in rising longevity. Lack of affordable insurance is a significant barrier to the creation and expansion of micro businesses. Invoice finance, which involves factoring or invoice discounting, has few customers among micro businesses but offers good potential for improving cash flow for businesses turning over at least ?50,000.
COMPANY DEVELOPMENTS Abbey National offers free banking for small businesses. Alliance & Leicester’s Commercial Bank also offers a free banking account. Barclays Clearlybusiness service offers useful information and support to new businesses. Bank of Scotland’s Smartfinance is a relevant offset product that cuts the costs of borrowing. HSBC relies on brand scale and reputation and on accessibility to sell moderately priced business banking. Lloyds TSB offers tiered customisation of bus
Imagine my doctor sending out an e mail to all his patients, offering them a discount on hip replacements for November. Or the Network Marketing lady who walked into my seminar in a hotel in Abbotsford and announced that, after looking at the palm of my hand, I was deadly ill and needed her supplements. She added that this would also make me financially secure, implying that I was not financially secure. She had never met me and was not even a part of my seminar audience!This is not all that uncommon – attend most “Business Networking Events” and you will find a bunch of self-employed salespeople thrusting their business cards at each other and proudly broadcasting their “Elevator pitches” to all and sundry, whether they want to hear it or not. They might as well go from door to door selling brushes to people who don’t need them or want them.Joint Venture experts have an
Nearly three-quarters of the self-employed had a self-employment income of less than ?15,000 in 2000/2001. NatWest is fully aware of the problem of low income in self-employment and hopes its business managers will help customers to develop their businesses and increase their profits. In December 2001, the Competition Commission reported on banking services for business and accused the banks of failing to offer good value competitive services to small businesses. The banks have responded with improvements to their services for business and now cater much better for micro businesses.
KEY FINANCIAL SERVICES Approximately 1.5 million people use personal bank accounts for their business activities, and fewer than half of new entrepreneurs open a business account for their start-up enterprise. 52% of self-employed men and 70% of self-employed women were not in a pension scheme in 2000/2001.
Self-certified and flexible mortgages and offset accounts have revolutionised the capacity of the self-employed to borrow for their home and business. Designated business loans and grants are hard to obtain, especially for new small businesses. Government support is targeted on disadvantaged geographical areas.
Employer’s liability, professional liability and other protection insurances are high-cost because of rising litigation costs. Liability cover is often prohibitively expensive for the self-employed in risky occupations such as roofing and scaffolding. Critical illness cover is costly because of medical advances resulting in rising longevity. Lack of affordable insurance is a significant barrier to the creation and expansion of micro businesses. Invoice finance, which involves factoring or invoice discounting, has few customers among micro businesses but offers good potential for improving cash flow for businesses turning over at least ?50,000.
COMPANY DEVELOPMENTS Abbey National offers free banking for small businesses. Alliance & Leicester’s Commercial Bank also offers a free banking account. Barclays Clearlybusiness service offers useful information and support to new businesses. Bank of Scotland’s Smartfinance is a relevant offset product that cuts the costs of borrowing. HSBC relies on brand scale and reputation and on accessibility to sell moderately priced business banking. Lloyds TSB offers tiered customisation of bu
Electrical Safety Rogue Traders.There are many companies out there who do not carry out the testing correctly. They do not check the plugs or fuse ratings for appliances. All standard plug tops should be checked to ensure they are wired correctly, the terminals are secure, the fuse rating is correct and the general condition is ok. On moulded plugs the fuse rating should always be checked. On numerous occasions we have been called out to re-test another so called specialists work. When selecting a company to carry out works look for the following:1/ Are all engineers City&Guilds 2377 qualified.2/ Are the company accredited by an external organization for Portable Appliance Testing.3/ Can the company provide full method and risk assessments.4/ Is the equipment calibrated on at least an annual basis. (They will have certificates for each piece of equipm
KEY FINANCIAL SERVICES Approximately 1.5 million people use personal bank accounts for their business activities, and fewer than half of new entrepreneurs open a business account for their start-up enterprise. 52% of self-employed men and 70% of self-employed women were not in a pension scheme in 2000/2001.
Self-certified and flexible mortgages and offset accounts have revolutionised the capacity of the self-employed to borrow for their home and business. Designated business loans and grants are hard to obtain, especially for new small businesses. Government support is targeted on disadvantaged geographical areas.
Employer’s liability, professional liability and other protection insurances are high-cost because of rising litigation costs. Liability cover is often prohibitively expensive for the self-employed in risky occupations such as roofing and scaffolding. Critical illness cover is costly because of medical advances resulting in rising longevity. Lack of affordable insurance is a significant barrier to the creation and expansion of micro businesses. Invoice finance, which involves factoring or invoice discounting, has few customers among micro businesses but offers good potential for improving cash flow for businesses turning over at least ?50,000.
COMPANY DEVELOPMENTS Abbey National offers free banking for small businesses. Alliance & Leicester’s Commercial Bank also offers a free banking account. Barclays Clearlybusiness service offers useful information and support to new businesses. Bank of Scotland’s Smartfinance is a relevant offset product that cuts the costs of borrowing. HSBC relies on brand scale and reputation and on accessibility to sell moderately priced business banking. Lloyds TSB offers tiered customisation of bu
The bursting of the dotcom bubble in the year 2001 was a defining moment in the global web industry. People believed that the web had been given far more significance than it merited, not withstanding that initial glitches are a common feature of all technological revolutions. The shakeouts in fact mark the beginning of new and innovative technology ready to replace the old and the redundant.The concept of "Web 2.0" thus began with a conference brainstorming session between O'Reilly and MediaLive International. Dale Dougherty, web pioneer and O'Reilly VP, believed that the web has not lost any importance; in fact with new and exciting applications coming up daily, it was assuming far more significance than it had in the past. The companies that had survived the collapse seemed to have several things in common and the collapse was actually a turning point for the web. In consonan
Employer’s liability, professional liability and other protection insurances are high-cost because of rising litigation costs. Liability cover is often prohibitively expensive for the self-employed in risky occupations such as roofing and scaffolding. Critical illness cover is costly because of medical advances resulting in rising longevity. Lack of affordable insurance is a significant barrier to the creation and expansion of micro businesses. Invoice finance, which involves factoring or invoice discounting, has few customers among micro businesses but offers good potential for improving cash flow for businesses turning over at least ?50,000.
COMPANY DEVELOPMENTS Abbey National offers free banking for small businesses. Alliance & Leicester’s Commercial Bank also offers a free banking account. Barclays Clearlybusiness service offers useful information and support to new businesses. Bank of Scotland’s Smartfinance is a relevant offset product that cuts the costs of borrowing. HSBC relies on brand scale and reputation and on accessibility to sell moderately priced business banking. Lloyds TSB offers tiered customisation of bu
All construction contractors and construction estimators use an estimating form. These forms contain all the necessary information to provide an accurate estimate. With an estimating form, there will be no forgotten information. All the information that is needed to provide an estimate is right in front of you, all you have to do is fill in all of the information. A complete estimating for should contain the following information;· Unit cost of materials · Amount of estimates · Square and cubic foot estimates · Unit price of estimates · Assembly estimatesThis information will assist you in putting a bid together to send to general contractors who will consider your services if your bid is within their budget. A bid form is another form that all construction contractors should have readily available. Often times, if the General contractor is interested
COMPANY DEVELOPMENTS Abbey National offers free banking for small businesses. Alliance & Leicester’s Commercial Bank also offers a free banking account. Barclays Clearlybusiness service offers useful information and support to new businesses. Bank of Scotland’s Smartfinance is a relevant offset product that cuts the costs of borrowing. HSBC relies on brand scale and reputation and on accessibility to sell moderately priced business banking. Lloyds TSB offers tiered customisation of business bank accounts. NatWest has the strongest brand in small business banking, but is facing stiff competition from the innovative smaller banks, notably Alliance & Leicester and Bank of Scotland. Insurers products for small businesses tend to lack the degree of brand power possessed by the major banks. Selling insurance products through financial advisers and banks tends to weaken brand identity. Norwich Union’s new “Self employed” suite of policies signals the company’s intention to cater comprehensively for micro businesses. PROMOTION
Royal Bank of Scotland’s NatWest remains the largest advertiser of banking services to business generally and small business in particular. HSBC, Bank of Scotland and Abbey National are the other leading advertisers to business. The newly self-employed are not an important focus for banks’ advertising, or for advertising by other financial-services organisations.
INTERNATIONAL PERSPECTIVE Business owners in the UK have fewer problems with late payment than in many other parts of the world, and are relatively optimistic about future investment and turnover. PEST ANALYSIS
Budget help for enterprise is focused on companies, not on unincorporated micro businesses. Late payment legislation and invoice factoring can be used to help improve cash flow. Debt levels among employees threaten to restrict new voluntary self-employment, because continuity of income is essential for debt repayments. ‘Push’ factors into self-employment such as redundancy leading to involuntary self-employment are likely to assume greater importance. Lack of national broadband coverage restricts the creation of new businesses in rural areas, especially those needing to use IT.
CONSUMER DYNAMICS The percentage of those surveyed who were in self-employment has barely changed since 2000. Only a small minority of respondents feel they are in secure permanent employment and feelings of insecurity have risen sharply since 2000. Despite the apparent increase in insecure employment, far fewer respondents in 2003 than in 2000 intend to become self-employed in the coming 5 years. Banks emerge from the survey reasonably well. Few respondents say banks are unsympathetic to the self-employed in financial difficulties, or that they do not give sufficient support to new small businesses, or that they expect new businesses to become profitable too quickly. Conversely, few regard banks as keen to support new businesse
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