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Small Business Saturday

I am grateful to Emma Heath at GrowthAccelerator for the article below about Small Business Saturday.

Small Business Saturday started in the US in 2010 and since then it has become an established commercial holiday;  in 2012 it generated $5.5 (£3.5) billion in sales for small businesses. Small Business Saturday is all about encouraging everyone to support small businesses both on the day and beyond, and tomorrow the Brits are joining the party on one of the busiest shopping days of the year, with Saturday 7th December 2013 marking the first Small Business Saturday UK.

It may be surprising to learn that 99.2 per cent of businesses in the UK are classified as small, accounting for 4.8 million businesses with over 1.4 million employees. Yet as we rush on with our ever busy lives, complimented by the substantial marketing spend of large organisations it is all too easy for people to forget about the small businesses that help support the local economy.

Shopping with a small business not only helps that business grow, but leads to many indirect benefits too. Whilst some of these may be obvious, such as helping increase the sense of community and encouraging more businesses to occupy empty premises on the high street, what may be less obvious is that it could actually increase your house price. A study by American Express found that houses near town centres which are full of prospering small businesses, have increased by an average of £40,000 over the past 10 years- this is 17 per cent higher than the rise in growth of comparable areas with proportionally fewer independent traders.

So tomorrow when you’re buying your weekly shop or purchasing some Christmas gifts remember to support small businesses, whether that be on the high street or online. You can also show your support of Small Business Saturday UK online by:

  • Following @SmallBizSatUK and tweeting about the day using the hashtag #SmallBizSatUK
  • Liking the Small Business Saturday UK Facebook page
  • Sharing ‘selfie’ photos of you at a small business’ premises with Small Business Saturday UK on Twitter and Facebook

Author Emma Heath

Original Blog: http://www.growthaccelerator.com/blog/small-business-saturday-uk/

Luke Warm NAO Report on Local Growth

A report has been published by the National Audit Office (NAO) that looks into the funding and structures for local economic growth. The report highlighted that it is not yet possible to evaluate whether Local Enterprise Partnerships (LEPs), Enterprise Zones, City Deals, the Growing Places Fund and the Regional Growth Fund are providing value for money.

This is partly because there is no system in place to measure outcomes or  performance across the different measures introduced to promote local growth.

Furthermore, the NAO criticised the slow pace at which new local growth programmes were introduced, with the first City Deals only agreed in February 2012. As a result, Government spending on local growth and job creation dipped significantly in 2012/13, although it is expected to rise again in 2014/15.

Sc: National Audit Office

Sc: MGBA, UKBA

Growth Accelerator Hits 10,000

The GrowthAccelerator programme of developmental support for SME’s announced, this week, that it now supports 10,000 businesses throughout England.  Businesses supported are of all industrial sectors.  Obviously the GrowthAccelerator team of managers and coaches are delighted with this number but more important is the stat that states that 96% of participating companies are experiencing positive benefits from taking part.

Sc: http://www.growthaccelerator.com/blog/growthaccelerator-reaches-10000-businesses-2/

How GrowthMapper Helps Build Business

GROWTHmapper has been developed to help high growth businesses achieve their ambitions. It consolidates over 20 years’ experience of nurturing successful high growth businesses.Delivered by GrowthAccelerator’s team of trained and accredited Growth Managers GROWTHmapper puts you, the client, into the driving seat for the future. It combines the insights of your management team with our practical knowledge of what makes businesses succeed.

GROWTHmapper is a family of complementary coaching tools covering all the key aspects of establishing and growing a successful business. It gives a clear assessment of the biggest opportunities, and challenges, you face in achieving your high growth potential. GROWTHmapper is being used to assist high growth businesses engaging with the GrowthAccelerator in England.

Rising Confidence Causing Staff To Move On

Rising confirdence among the workforce is causing an increase in the number of workers quitting their jobs for better positions, concludes a survey by Robert Half which discloses that more and more workers are seeking to boost their career progression by changing employers.

Employees are citing a lack of remuneration/recognition by their company as the primary reason for this increase, with small businesses being worst affected (46 per cent), along with those in the public sector (61 per cent).  There is also evidence that many employees are leaving due to fears over job security. This was cited by 29 per cent of survey respondents while a poor work-life balance was also given as a reason for leaving by a further 28 per cent.

Phil Sheridan, UK managing director of Robert Half, said: “The UK economy is showing signs of expansion, with many companies proactively looking for experienced professionals to fill business-critical roles.

“Employees are clearly no longer waiting for their own employment conditions to improve — with some businesses still enforcing pay freezes – and instead are looking to improve on salary, working conditions and work-life balance within alternative companies.”

Sc: Robert Half; MGBA; UKBA

Jobs Created Are Low Paid

While the recent trend towards lower unemployment numbers in the UK is good news new research published by the Trades Union Congress (TUC) has revealed that 80%  of jobs created in the UK since 2010 pay less than £8 per hour.

It argues that this is having a severe impact on the career progression of workers who are facing underemployment and low wages. TUC general secretary Frances O’Grady said that the quality of the jobs available is just as important as boosting the employment numbers.

She stated: “Working people deserve a fair share of the benefits of recovery. Otherwise, there is a risk that the poorly paid, insecure contracts that were seen as a pragmatic response to recession will become a permanent feature of the labour market”.

“We need to start seeing healthier pay rises and more high quality jobs created. Otherwise, this joyless recovery is going to pass most people by.”

Figures published by the Office for National Statistics (ONS) show that wages have risen, albeit by less than one per cent. According to the ONS figures, average weekly earnings excluding bonus payments rose by 0.8 per cent when comparing July to September 2013 with the same period a year earlier.

Sc: TUC; CMI; MGBA; UKBA

NI Contributions Bill Goes To Parliament

Businesses and charities can benefit from an annual £2,000 employment allowance towards their national insurance contributions as part of the National Insurance Contributions Bill introduced to Parliament last week. 

 It is expected to be in place by April 2014 and employers will need to confirm their eligibility via the normal payroll process. The allowance will be deducted over a year from employers’ PAYE payments. 

There is more about the announcement at:

https://www.gov.uk/government/news/employment-allowance-boost-for-business-bill-introduced-to-parliament

Sc: MGBA, UKBA


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