The tube strikes are a serious matter. Not only will the 48-hour tube strike cause commuting chaos but companies are facing several days of disruption and a massive loss of profits. The Federation of Small Businesses estimated that the London underground strikes in early February cost small businesses, which make up about 99 percent of London companies, about £600 million ($1 billion) in lost working hours, business and productivity*.
The UK economy is finally gathering pace and showing signs of improvement. For many SMEs this means access to growth capital and the potential to expand. Here, Aaron Rosland, Senior Economic Counsellor at the Government of Ontario and a seasoned international expansion adviser who has opened over 20 offices around the world, provides advice and guidance for SMEs who are considering international expansion.
It can be tough for a small ecommerce retailer to build up their brand and grow the business. They have to shout louder to get their voices heard, don’t have the economies of scale that the big boys have and are continually working on building their customer base.
The sun is creeping out from behind the clouds, lambs are starting to bounce around in the fields and there is a definite possibility of chocolate overload this weekend. This can only mean one thing, spring has sprung, and it’s time to get cleaning.
But I’m not talking about donning the marigolds and getting busy with the bleach. I’m talking about giving your business a spring clean.
Many of us consider ourselves “environmentally friendly” if we rinse out tin cans for the recycling collection and replace existing light bulbs with ones that are more efficient for a lower energy bill. However could going green actually increase the value of a business, too?
It’s no secret that the UK’s small businesses, with their dynamism and agility, have long been the envy of many of Britain’s biggest enterprises. The rate at which the UK creates and adopts new technologies plays right into the hands of those quickest to react, and small businesses are able to simply avoid many of the challenges of scale that come with size, whether that’s coordinating the work of hundreds of employees across multiple locations or sharing knowledge across disparate functional groups. As a result of this greater flexibility, small businesses are better able to respond to new challenges and opportunities as they arise.
Companies put a huge amount of effort into creating modern, productivity-enhancing offices. However, as IT heads further into the cloud, should virtual work spaces get the same treatment?
Phil Scholes, SME sales and marketing director at npower offers advice on how small and medium sized businesses could give themselves an edge over their competitors by reducing their cost base through better energy management.
Dave Millett of Equinox (an independent telecoms consultancy) provides a checklist of the five telecoms issues you must consider when moving office.
Absent employees are a big problem for businesses, especially during the winter months, due to coughs, colds and flu, not to mention adverse weather conditions. But what can employers do to prevent and minimise the impact of absence on business?
Do companies really maximise the opportunity from the real estate they occupy? Through the recession, most thought that opportunity was cost saving and efficiency. This was, and will remain, important. However, in my experience around 80% of a company’s costs are spent on its people, so the key opportunity going forward is improving the productivity of that resource – this is where real estate can really contribute to your bottom line.