Weekly small business news round-up
A round-up of news stories for the week ending 28th September 2012.
With the fast approach of the Green Deal, many organizations have been providing information and help for small businesses that are keen to develop sustainable business practices. In addition to Bdaily Business Network's current environmental focus week, which has been engaging business owners in an online conversation regarding a range of green topics, both the Environmental Academy and the Energy Saving Trust will provide free workshops to London-based small and medium-sized businesses next week. The workshops will cover waste management and Green Deal readiness and certification respectively.
Indeed, sustainability in the small business sector is supported by a larger trend reflecting government efforts to ensure access to secure low carbon affordable electricity. Advocates of eco-friendly policies continue to emphasize that going green and economic growth are not mutually exclusive, since new wind, tidal, and solar resources create jobs and they will allow the UK to produce its own energy. Furthermore, concerted efforts towards sustainability have proven successful internationally as the EU has recently achieved 100GW of installed wind power capacity. Here at Make It Cheaper, we recently started a partnership with LoCO2, an independent British renewable and low-carbon energy provider, and DONG (Danish Oil and Natural Gas), formally known as Shell Gas Direct, a large supplier that is proactive in changing its green footprint, developing bio gas and bio mass, and investing into local economies. You can call our saving experts to find out more about energy companies committed to sustainability. For more information on energy efficiency and carbon-reduction, Make It Cheaper also recommends that businesses contact the Carbon Trust.
The Government has begun granting the first part of a £82.5m start-up loan fund aimed at young entrepreneurs between the ages of 18-24, reports the Bdaily Business Network. Young business starters can apply for a loan of £2500, which comes with a range of support including a knowledgeable mentor who has established a successful company. Vince Cable commented that it is important to apply soon since they have already started distributing available funds. Dr. Cable has been keen to help start-ups and small businesses both with access to funding and coaching services, as he mentioned recently at a local networking event in Twickenham organised by Make It Cheaper. Conversations about the small business bank's scale and scope are still ongoing but Growth Accelerator, a government-supported business mentoring scheme that offers support at a local level, has established itself successfully with a nationwide network of over 800 experts.
In the retail industry, meanwhile, cash-strapped businesses are preparing to pay their quarterly rent. With 40,000 high street retail jobs lost in the first half of 2012 due to low sales during the Olympics and bad weather, paying rent three months in advance puts a serious strain on the cash-flow of UK retailers, reports Business Matters. The upcoming Christmas season requires having fully stocked brick and mortar stores, but because suppliers are pushing for shorter payment terms and customers are waiting for price reductions and sales, the cash flow pressure is especially significant in the independently-owned retail sector where shop owners have little bargaining power. For these businesses especially, it is becoming more important to compare market prices for chip and pin because cost-reduction is an effective method of putting cash on the bottom line. With Christmas fast approaching, how would you like to get a merchant account and payment terminal set up for free? We have a great offer for retailers including:
- 3 months' free terminal rental
- No authorisation fees on transactions for the length of your contract
- No AMEX set up fee.
So, for the first 3 months you only have to pay for your transaction costs - which on average we reduce by 25%. Saving you over £250! Call us on 0800 970 0077 to find out more.
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