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<strong>Issue</strong> <strong>11</strong>: NOV 14 - Jan 15


<strong>IQ</strong> welcome<br />

welcome to the eleventh edition of iq business magazine,<br />

a quarterly publication that offers insight and inspiration<br />

to sme business owners in cambridgeshire and suffolk<br />

FOLLOW ON US TWITTER<br />

twitter.com/<strong>IQ</strong>BusinessMag<br />

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<strong>IQ</strong>BusinessMag<br />

If you would like to pass any<br />

comment on this edition of<br />

<strong>IQ</strong>, or you have any business<br />

news to report, contact us on<br />

01638 666432 or email<br />

info@iqmag.co.uk<br />

With the start of a new year just<br />

around the corner, this issue<br />

encourages our local businesses<br />

to go back to the drawing board<br />

and re-engage with the original<br />

philosophy and focus behind their brand. Whether this<br />

is through a fresh look at a business plan, or simply by<br />

assessing the wellbeing and status of the talent that drives<br />

the company forward, our contributors have raised vital<br />

questions that need asking.<br />

Jacqui Kemp of Namaste asks business owners whether they<br />

are the manager they really want to be, whilst Cambridge<br />

Interim HR questions the impact of the working<br />

environment on your workforce.<br />

Elsewhere, our thoughts turn to the year ahead, with 2015<br />

already looking to be a year of change both across local<br />

business and central government. Whilst parts of the country<br />

gear up for the election, the rest has still been left pondering<br />

the results of The Scottish Referendum, leaving the doors<br />

wide open for party leaders to start making promises. Here<br />

in East Anglia the question mark still hovers over the impact<br />

of a governmental change, with past records showing a<br />

stark resistance to countrywide trends - most notably in the<br />

recent recession. Glyn Mon Hughes discusses this further<br />

on page 8.<br />

So, as the final months of 2014 fly past, we are encouraging<br />

all businesses take the festive break in its stride and really<br />

pay dividend to those that have stood by you - whether<br />

clients, suppliers or producers. Giving back is sometimes the<br />

only way to move forward. The year ahead looks set to be<br />

one of change and, hopefully, growth for all, so take time to<br />

restock to ensure you are prepared.<br />

to receive your free issue of iq<br />

Visit www.iqmag.co.uk and sign up to the <strong>IQ</strong> database to receive your free copy of <strong>IQ</strong> each quarter.<br />

issue <strong>11</strong> | page 5


<strong>IQ</strong> contents<br />

in this issue<br />

08 Business overview<br />

10 suffolk businesses represented to vince cable<br />

13 new business group launches survey to determine<br />

barriers to growth<br />

14 suffolk’s top 100 businesses<br />

16 time to throw away the rule book<br />

19 twelve business new year resolutions<br />

20 Business start ups<br />

23 people leave managers not jobs<br />

24 moving on to the next level... and beyond<br />

26 health and wellbeing - is it on your agenda?<br />

28 using all the strength you have<br />

31 what’s your vision for newmarket?<br />

35 making bury st edmunds better for business<br />

40 cambridge ahead - one year on<br />

46 business diary<br />

51 how to be a creative genius<br />

54 the low-down on linkedin<br />

64 winning at business<br />

THe TEAM<br />

John Treby Creative Director | Gemma Treby Sales and Marketing Director | Georgie King Editor<br />

Kelly Baxter Editiorial & PR Assistant | Georgia Watson Editiorial & PR Assistant | Becca Plaxton Publication Sales<br />

Corentin Rosaire Publication Sales | Jess Pack Designer | Matt Cockerton Designer | Eugene Hector Designer<br />

Emma Sheppard Designer | Nick Jenkins Designer | Steve Parr Designer | Paul Paterson Designer<br />

Sean Brkovic Designer | Expert Contributors Glyn Mon Huges | Miles Vartan | Cambridgshire Chambers of Commerce<br />

Jacqui Kemp | Suffolk Chamber of Commerce | James Pinchbeck | Steve Elsom<br />

Cubiqdesign | Goodwin Business Park | Newmarket | CB8 7SQ | 01638 666432 | www.iqmag.co.uk<br />

issue <strong>11</strong> | page 7


<strong>IQ</strong> business overview<br />

Business<br />

Overview<br />

Glyn Mon Hughes discusses the<br />

unsteady path of the year ahead,<br />

questioning the impact of the next<br />

general election on East Anglia<br />

It might well have been a mistake on the part of<br />

the Coalition Government to institute fixed-term<br />

Parliaments.<br />

Most people know that an election must be held by<br />

mid-May next year. But knowing that we have to wait<br />

that long appears to be having a detrimental effect<br />

on business. The Scottish Referendum in September<br />

appeared to put business on the proverbial backburner<br />

while organisations – particularly those<br />

involved in financial services – pondered the result.<br />

There were all sorts of threats about what might<br />

happen in the event of a ‘Yes’ vote but so many places<br />

saw investment decisions delayed.<br />

But now there is a long wait until the outcome of the<br />

national vote in May is known. And is this a good<br />

thing for the economy?<br />

Linda Yueh, the BBC’c chief business correspondent,<br />

wrote about how UK business investment fell 25%<br />

in the recession and has lagged significantly in the<br />

recovery. That, of course, may no longer be the case,<br />

as the UK has the fastest growing economy amongst<br />

the G7 nations though, alarmingly, the recent news<br />

from the USA and from China is rather less optimistic<br />

and growth in the Eurozone is still a major cause for<br />

concern.<br />

Recession has not been such a feared word in East<br />

Anglia over the last few years, with many business<br />

leaders saying that, while things were bad elsewhere,<br />

business was possibly not booming but it was not<br />

mired in doubt and depression as other parts of the<br />

country undoubtedly were.<br />

But while things have undoubtedly turned the<br />

economic corner, especially in East Anglia, has<br />

uncertainty come back to haunt? Scotland said<br />

no in September but what will the UK do in May?<br />

Party leaders are already making promises. They<br />

say funding for the NHS will be increased but that<br />

has to be paid for. There is talk of further reform<br />

to higher education funding, but that, too, needs<br />

issue <strong>11</strong> | page 8


<strong>IQ</strong> business overview<br />

There are so many imponderables for business there’s little doubt vital decisions are being<br />

looked at again and future growth could be put on hold – for sixth months, at least.<br />

cash. There’s talk of controls on immigration but<br />

where might that leave East Anglia, with many<br />

employers experiencing difficulties recruiting<br />

sufficient numbers for their workforces? Will<br />

business rates be reformed? Will there be a cut –<br />

or, perish the thought, an increase – in corporation<br />

tax? What is going to happen to interest rates?<br />

Most expect them to rise and that rise has been<br />

pencilled in for some time. But it is yet to happen,<br />

so how can businesses plan effectively? And what<br />

about Europe?<br />

Indeed, there are so many imponderables for<br />

business there’s little doubt that vital decisions are<br />

being looked at again and future growth could be<br />

put on hold – for sixth months, at least. And if<br />

there is a major change in government or another<br />

coalition of ideologically diverse parties, some<br />

decisions could be shelved altogether.<br />

And yet... according to the Federation of Small<br />

Businesses, confidence levels amongst small<br />

business in the UK have hit record levels. Over<br />

60% of all small businesses expect to grow in<br />

the next three months, with <strong>11</strong>% expecting to<br />

grow rapidly. The latest survey, undertaken in<br />

the summer, is the seventh consecutive quarter of<br />

positive predicted growth, showing that financial<br />

services remained the most confident sector. Most<br />

improvement was shown in the health and social<br />

work sector, as well as the hospitality sector and<br />

most firms expect to increase their headcount in<br />

coming months.<br />

There was a warning, though. “We want policy<br />

makers to lock in this optimism and continue to<br />

back the self-employed and small businesses,”<br />

said the FSB’s national chairman John Allan.<br />

“We’ll be looking to all the political parties to spell<br />

out what they will do to encourage job creation,<br />

investment and reward entrepreneurs in the<br />

next Parliament.”<br />

A recent speech to the CBI by Business Minister<br />

and West Suffolk MP Matthew Hancock<br />

talked about the Conservative pledge to hold a<br />

referendum on continued membership of the EU.<br />

“A referendum does not create an uncertainty,<br />

it resolves an uncertainty,” he said. His Labour<br />

opposite number, Chuka Umunna, naturally<br />

disagreed. “The prospect of Scotland leaving the<br />

UK caused huge uncertainty for business this year.<br />

Multiply that at least ten-fold and that gives you a<br />

sense of the uncertainty created by the risk of the<br />

UK’s exit from the EU in 2017,” he said.<br />

Then the uncertainty continued as the people<br />

of Clacton voted, overwhelmingly, for the UKIP<br />

candidate, giving the party its first Westminster<br />

MP.<br />

In the old days, Prime Minister David Cameron<br />

might have capitalised on the fact that there is<br />

a groundswell of economic optimism amongst<br />

businesses and the population in general and he’d<br />

have fired the starting gun for a General Election<br />

race. It might all have been over by now and the<br />

uncertainty would have ended. Businesses could<br />

plan again.<br />

But in East Anglia, as in every other part of the<br />

country, we remain counting the days until May.<br />

That’s not really making business sense.<br />

More Information<br />

www.iqmag.co.uk<br />

issue <strong>11</strong> | page 9


<strong>IQ</strong> business planning<br />

Suffolk Businesses Represented to<br />

Vince Cable<br />

Suffolk Chamber of Commerce voice key issues<br />

The Suffolk Chamber of Commerce recently met with Dr Vince Cable MP,<br />

the Secretary of State for Business, at the House of Commons to discuss key<br />

issues that affect Suffolk-based businesses and the local economy<br />

issue <strong>11</strong> | page 10


<strong>IQ</strong> business planning<br />

“Working in partnership with the Chamber and business leaders we will continue to<br />

ensure the Government is aware and invests in us in the future.”<br />

With the aim to drive home the message that<br />

the Government need to ‘back winners’ leading<br />

members of the local business community<br />

explained to Vince Cable that Suffolk is one of<br />

the few counties in the UK that is a ‘positive<br />

contributor’ to UK plc.<br />

“As a Chamber we take our role in delivering<br />

the message of our members to Government<br />

extremely seriously,” said Sarah Howard, the<br />

President of Suffolk Chamber and who chaired<br />

the event in Parliament. “That is why we were<br />

pleased to meet with the man who represents<br />

businesses in the Cabinet and is why we were<br />

clear about the issues that need addressing.<br />

“While we, of course, appreciate the pressing<br />

demands of other regions in the UK, it is<br />

paramount the Government understands the key<br />

role Suffolk has on the nation’s economy,” Sarah<br />

Howard continued. “They need to ‘back winners’<br />

and by making more investment, not less, in<br />

Suffolk the whole exchequer will see the benefit<br />

of more revenue and more taxes coming in.”<br />

The Secretary of State explained to delegates his<br />

desire to bring the world of business into schools,<br />

with education being a key factor to ensuring that<br />

the workforce of tomorrow is better prepared.<br />

“We have to be honest and say that government<br />

after government have failed on careers advice<br />

and support in schools,” Vince Cable said to the<br />

meeting. “There has to be more done to look at<br />

skills gaps and vocational training and guidance.<br />

Business needs to go into schools.”<br />

Mark Pendlington, the Chairman of the New<br />

Anglia Local Enterprise Partnership (LEP), was<br />

also in attendance and explained to the Secretary<br />

of State the plans afoot for Suffolk and Norfolk.<br />

“We have bold plans to reinforce Norfolk and<br />

Suffolk’s place in the global economy,” Mark told<br />

Vince Cable. “This means new roads and better<br />

transport links, greater training and skills for the<br />

region’s youngsters, targeted funding and support<br />

for small businesses.<br />

“Working in partnership with the Chamber and<br />

business leaders, we will continue to ensure the<br />

Government is aware and invests in us in the<br />

future.”<br />

More Information<br />

Suffolk Chamber of Commerce, Felaw Maltings, Ipswich.<br />

Tel: 01473 680600 www.suffolkchamber.co.uk<br />

issue <strong>11</strong> | page <strong>11</strong>


<strong>IQ</strong> growth<br />

New Business Group Launches Survey To Determine<br />

Barriers To Growth<br />

David Ball, Chairman, David Ball Group<br />

Helping our region’s<br />

businesses take the vital<br />

steps for growth<br />

More Information<br />

To have your say and identify<br />

the specific schemes you believe<br />

would bring out the potential in<br />

our local economy, complete the<br />

survey today at<br />

www.cambridgeshirechamber.co.uk<br />

A group of business leaders has launched a new survey<br />

that will identify the key issues that are impeding growth<br />

in the area and prioritise the schemes of work necessary<br />

to remedy them.<br />

The Infrastructure and Transport Group, chaired by<br />

David Ball of the David Ball Group, comprises companies<br />

that recognise a need for enhanced infrastructure and<br />

transport provisions to realise future growth.<br />

The group, co-ordinated by Cambridgeshire Chambers<br />

of Commerce, has made a commitment to support the<br />

work of the Greater Cambridge Greater Peterborough<br />

Enterprise Partnership covering the Cambridgeshire<br />

and Peterborough local authority areas by establishing<br />

the key business priorities across the area and lobbying<br />

for real progress.<br />

John Bridge OBE, Chief Executive of Cambridgeshire<br />

Chambers of Commerce, said: “This exceptional<br />

group of business people has come together because<br />

they recognise that Cambridgeshire needs a plan going<br />

forward, and that plan needs to be both cohesive<br />

and deliverable. We are delighted to be in a position<br />

to facilitate this vital role, as some of the county’s<br />

most influential businesses work hard to establish the<br />

individual schemes most crucial to economic growth and<br />

present their proposals to decision-makers both locally<br />

and nationally.”<br />

The group has already identified six key areas for<br />

investment including road connectivity, rail connectivity,<br />

international connectivity, digital connectivity, housing<br />

supply and energy and water supply. Now local businesses<br />

are being asked to put forward their suggestions for the<br />

individual schemes which they believe would unlock<br />

future economic growth.<br />

issue <strong>11</strong> | page 13


<strong>IQ</strong> business planning<br />

SUFFOLK’S TOP 100<br />

BUSINESSES DRIVING GROWTH<br />

THROUGH INVESTMENT<br />

Grant Thornton reveals the results of Suffolk Ltd 2014<br />

The results of Suffolk Ltd 2014, the 13th annual<br />

survey into the performance of the county’s top<br />

100 businesses, are in and show a strong overall<br />

performance, with the investment of recent years<br />

continuing and materialising into tangible growth.<br />

The turnover of Suffolk’s 100 largest companies grew<br />

by 3.2% to £4.14bn, while operating profit increased<br />

14.2% to £200m and profit before tax rose by a<br />

substantial 26.2% to £205m. Employment levels also<br />

increased by 4.2%.<br />

The county’s Services sector led the way, increasing<br />

turnover by 21%. All other sectors grew by between<br />

3.8% and 6.9% with the exception of Manufacturing,<br />

which saw a 27.3% reduction in sales (albeit primarily<br />

due to a major player leaving the survey), and Retail<br />

& Wholesale Distribution where turnover remained<br />

broadly flat.<br />

James Brown, Practice Leader at Grant Thornton,<br />

said: “The 2014 Suffolk Ltd results clearly show that<br />

investments made over recent years, together with<br />

measures to become leaner and fitter, are now coming<br />

to fruition.<br />

“With the right people in place, the county’s largest<br />

companies appear confident and are continuing to<br />

invest for future opportunities and growth. As long as<br />

the economy holds up, Suffolk’s business prospects are<br />

very good and will be further strengthened if export<br />

markets also pick up.”<br />

This positive news for Suffolk comes ahead of the<br />

results of Grant Thornton’s 2014 Cambridgeshire Ltd<br />

survey which will be announced later this month. The<br />

firm’s ‘Limited’ studies have become recognised events<br />

in the business calendar, providing a valuable indicator<br />

of the economies of individual counties. Similar surveys<br />

are conducted in Essex, Hertfordshire, Bedfordshire,<br />

Buckinghamshire and Northamptonshire.<br />

More Information<br />

www.grant-thornton.co.uk<br />

issue <strong>11</strong> | page 14


Case study<br />

SUFFOLK MOTOR GROUP MAKES<br />

£5.5M INVESTMENT IN FACILITIES<br />

Marriott Motor Group is one of Suffolk Ltd 2014’s key<br />

players. This reflects an overall positive performance<br />

by the county’s motor retail and transport sector<br />

which continued to grow, albeit at a slower rate, with<br />

turnover up 3.8% on the previous year to once again<br />

take the largest share of Suffolk Ltd’s total turnover<br />

at 29.4%.<br />

With its head office in Ipswich, Marriot Motor Group<br />

currently owns eight Volkswagen, Audi, commercial<br />

and trade parts sites across<br />

Suffolk, plus<br />

a further two<br />

dealerships<br />

“The county is rapidly<br />

moving away from<br />

its rural roots to<br />

become more current<br />

and connected.”<br />

in Norfolk.<br />

Benefitting<br />

from a growth<br />

market which<br />

defied the<br />

economic<br />

downturn, the<br />

Group last year<br />

achieved a turnover of £135m and is<br />

midway through a two year, £5.5million capital<br />

<strong>IQ</strong> Suffolk Ltd<br />

investment programme to refit its East Anglian<br />

showrooms.<br />

Marriott Motor Group Managing Director Paul<br />

Barnard, explains: “Like most businesses we were<br />

knocked by the recession and, due to a severe<br />

downturn in sales, suffered significant financial<br />

losses by having to dispose of excess stock. But<br />

from mid 2009 trade began to pick up, aided by the<br />

Government’s scrappage scheme, and has continued<br />

to grow at a pace ever since. This has been helped<br />

further locally by the stable business environment<br />

Suffolk offers and a loyal customer base.<br />

“The county is rapidly moving away from its rural<br />

roots to become more current and connected. This<br />

process needs to continue to ensure that Suffolk<br />

businesses remain able to viably compete and thrive.”<br />

With its roots firmly<br />

embedded in the<br />

county, Notcutts<br />

Group Ltd has<br />

featured highly in<br />

Suffolk Ltd’s top<br />

100 since the survey<br />

began in 2001.<br />

Putting in a strong<br />

performance once<br />

again this year, the<br />

Group, which owns<br />

18 garden centre<br />

sites across the UK<br />

and headquarters in Woodbridge, has big plans for the<br />

future.<br />

As part of Suffolk Ltd’s largest sector – Retail &<br />

Wholesale – Notcutts achieved an impressive turnover<br />

in excess of £55 million last year and expects to<br />

build on this for 2015. This is despite sector turnover<br />

remaining broadly flat during 2014.<br />

Case study<br />

Strong growth for<br />

garden centre group<br />

Notcutts, Chief Operating Officer Andrew Staff<br />

explains: “As a business we are more dependent on<br />

the weather than the economy, and the last six months<br />

have been very kind to us. When it’s cold and wet,<br />

people don’t do nearly as much gardening.<br />

“Unlike many other retail businesses, we fared well<br />

during the recession and benefitted from the large<br />

number of people who decided to substitute a foreign<br />

holiday with a ‘staycation’ and instead spend money on<br />

improving their homes.<br />

“We have seen more people making considered<br />

purchases and sales have continued in an upward<br />

trend in line with the economy. We have big plans for<br />

expanding the business and are very hopeful about the<br />

future.”<br />

issue <strong>11</strong> | page 15


<strong>IQ</strong> business planning<br />

TIME TO THROW AWAY<br />

THE RULE BOOK<br />

James Pinchbeck, Marketing Partner of Streets Chartered Accountants,<br />

reveals a business plan with a difference<br />

Whether you are required to complete<br />

a business plan to support bank<br />

borrowing or to change the fortunes<br />

of the business, typically it is a process<br />

thwart with fear. For many it is a chore<br />

or a challenge that requires a great<br />

deal of time, a scarce commodity, and<br />

thought and ideas which too can often<br />

be in short supply.<br />

The easy option is to defer the<br />

planning, with the preference being<br />

to focus on the day to day activities<br />

of fire fighting and maintaining the<br />

status quo. The likelihood though<br />

is that nothing will change, your<br />

business is unlikely to grow, profits<br />

will not improve and invariably your<br />

competitors could gain a competitive<br />

advantage.<br />

The question then is how can business<br />

planning be made more interesting<br />

and more relevant?<br />

The starting point must surely be to<br />

make it a practical rather than an<br />

academic exercise, which follows the<br />

blueprint of conventional business<br />

planning. Whilst typically you<br />

will need the ubiquitous financial<br />

forecasts, these should not be the sole<br />

drivers and focus of your efforts, more<br />

importantly they should be the result<br />

of or culmination of your strategic<br />

vision and planning.<br />

The next pitfall or barrier to effective<br />

business planning is the concept that<br />

your plan needs to be equivalent in<br />

Scenario<br />

Planning<br />

Sustainability<br />

Planning<br />

What do you<br />

want from<br />

the business?<br />

Re-acquainting<br />

Yourself<br />

With Your<br />

customers<br />

needs<br />

More Information<br />

www.streetsweb.co.uk<br />

issue <strong>11</strong> | page 16


<strong>IQ</strong> business planning<br />

length to something like War and<br />

Peace. This is not the case and often<br />

the best business plans are those that<br />

are succinct in their content, as they<br />

are easier to communicate and act<br />

upon.<br />

Another major shortfall in a lot of<br />

business plans is the mediocrity of<br />

the plan and the lack of vision or<br />

step change. Whilst there may be<br />

inherit resistance to change, it is often<br />

transformational change and change<br />

that takes us outside of our comfort<br />

zone that brings about the desired<br />

results that most business plans need<br />

to achieve.<br />

The development of most business<br />

plans is limited by the ideas, thoughts<br />

and visions of those charged with<br />

producing them. Though perhaps by<br />

engaging with others who are not in<br />

the business and adopting a different<br />

approach to the plan formulation<br />

your plan can surpass your own<br />

expectations, and also make it a more<br />

stimulating process to go through.<br />

Depending on your preference there are many<br />

different ways to approach or start your planning<br />

exercise. These could include any of the following:-<br />

Scenario Planning<br />

By considering or hypothesising over future events and<br />

how they could impact on your business, you can take<br />

a viewpoint on what you may or may not want to do<br />

in the future. Given for example we are approaching<br />

an election year, you may want to consider the impact<br />

of a change of government. Closer to your business,<br />

you may want to consider the impact that the loss of a<br />

key customer or supplier may have, or the threat of a<br />

competitor entering you market or even your product<br />

or process becoming obsolete.<br />

What do you want<br />

from the business?<br />

It is often the case that business people find themselves<br />

running a business which is not necessarily the one they<br />

either set out to run or even enjoy or want to run today.<br />

For such people, the planning exercise is likely to major on<br />

getting back to basics in terms of what they want and in<br />

some cases this may result in a decision to scale down, scale<br />

up or even sell.<br />

Sustainability Planning<br />

The sense is, not least pre-recession, that business,<br />

like some people’s approach to life was ‘live for today’<br />

with business owners and manages focusing on short-term<br />

financial gains. There does however seem to be a new order,<br />

with a growing number of businesses that are increasingly<br />

concerned about ensuring they continue to be in business<br />

and that they can derive income and financial return for<br />

a longer-term future. This is an approach which requires<br />

planning to focus on what you need to do to ensure you<br />

have both a market in the future as well as the capabilities,<br />

resources and capacity to service it.<br />

Re-acquainting Yourself<br />

With Your customers needs<br />

All too often it is the case that businesses believe they<br />

are providing their customers with products or services<br />

that fulfil their needs, but invariably and not least over<br />

time, this may not be the case. Customer needs are<br />

constantly changing and typically many suppliers are<br />

too complacent, and they fail to keep up with changing<br />

customer needs. Certainly getting back to basics and<br />

speaking to long standing, new and potential customers<br />

can be a great driver for developing any business plan.<br />

These are just some ideas on a fresh approach to the business plan. Ultimately though, the success of any plan is down<br />

to its implementation. Therefore, whatever approach you decide to take to its creation, ensuring a clear, accountable and<br />

measurable timescale of delivery is essential to avoid the great failure to implement.<br />

issue <strong>11</strong> | page 17


<strong>IQ</strong> finance<br />

TWELVE BUSINESS<br />

NEW YEAR RESOLUTIONS<br />

Area Director SME Banking for Lloyds Bank, Steve Elsom,<br />

challenges all local businesses to take a look at the New Year ahead<br />

Set goals. What<br />

are you planning to<br />

achieve in 2015?<br />

Commit your plan<br />

to paper. Remember<br />

- be ambitious but<br />

realistic<br />

Delight your customers/<br />

clients. Seek feedback<br />

from them on how<br />

pleased they are with<br />

the service/product,<br />

and what single thing<br />

you could do better<br />

to improve their<br />

experience - then ask for<br />

a recommendation<br />

Know your<br />

numbers:<br />

Profit & Loss,<br />

Margins, Key<br />

Performance<br />

Indicators<br />

Review your pricing<br />

policy - when was<br />

the last time you did<br />

this and what was<br />

the outcome? This<br />

feeds directly to your<br />

bottom line profit<br />

Do you have a<br />

‘trusted advisor’<br />

with whom you<br />

can share ideas<br />

and who can<br />

share ideas with<br />

you? If not, find<br />

one - business can<br />

be lonely<br />

Review your cash<br />

flow and your terms<br />

of trade. Cash is one<br />

of the most important<br />

commodities in your<br />

business - guard it<br />

jealously!<br />

Chase<br />

debtors, send<br />

out invoices<br />

timely and<br />

follow up well<br />

before the due<br />

date.<br />

When reaching<br />

a buying decision<br />

people tend to say no<br />

5 times before they<br />

say yes. Are you still<br />

in the sales game<br />

when the customer is<br />

ready to buy?<br />

Keep in contact<br />

with each customer<br />

in every 90 day<br />

cycle - this improves<br />

the probability of<br />

them increasing<br />

their spend with you<br />

Consider how<br />

to reduce waste<br />

in your business<br />

- time/money/<br />

resources/errors/<br />

travel, as this will<br />

improve profitability<br />

Review your<br />

work/ life balance<br />

- is it right? - Long<br />

hours can lead to<br />

stress which in turn<br />

can lead to poor<br />

judgement - Take time<br />

to have some fun!<br />

Remind yourself<br />

why you<br />

started your<br />

own business -<br />

never lose<br />

that feeling<br />

With the end of 2014 just around the corner, now is the time to start considering these<br />

important questions. Where will you stand next year and where would you like to see your<br />

business going? Set yourself goals to ensure that your enterprise never remains static.<br />

More Information<br />

Lloyds Bank, Endeavour House, Chivers Way, Vision Park, Histon, Cambs, CB24 9ZR.<br />

Email: donna.sorrell@lloydsbanking.com. Twitter: @steveelsom1. Tel: 01223 227680.<br />

issue<strong>11</strong> | page 19


<strong>IQ</strong> business start ups<br />

BUSINESS<br />

START UPS<br />

Websters raise vital areas of consideration for<br />

those looking to start a new business<br />

There are so many issues to consider when<br />

starting a business; all have an important<br />

impact on the success of your business. It’s<br />

therefore crucial that all issues are considered<br />

in a fully rounded process before diving in.<br />

You may have professional advisors who can<br />

guide you through the areas; many small<br />

businesses however try and find their own way<br />

to keep start-up costs to a minimum. It’s crucial<br />

whichever approach you take to ensure that the<br />

right people with the appropriate knowledge<br />

and experience are utilised to put the business<br />

on the route to success from Day 1.<br />

Think about the business structure<br />

People frequently know what they are good<br />

at and the services they can provide. The<br />

structure into which your business is formed<br />

should also be given careful consideration.<br />

Structures can be changed as the business<br />

develops but getting the right structure initially<br />

can assist this process.<br />

Factors to consider<br />

The individuals concerned with starting the<br />

business. Who will they be and what is their<br />

intended input into the process.<br />

Potential customers and their perception.<br />

Are you likely to influence potential<br />

customers from the type of business<br />

structure?<br />

Tax consequences and the mandatory<br />

minimum reporting requirements. Ensure<br />

you know what is mandatory for each<br />

structure. Depending upon the desired<br />

structure could give completely different<br />

reporting requirements.<br />

Protection – Some structures will give a<br />

certain amount of personal protection to<br />

owners and investors, and for some this is<br />

a key issue in deciding upon the structure<br />

they choose.


<strong>IQ</strong> business start ups<br />

Know your Filing Requirements<br />

Whether it be Income Tax, Corporation Tax, VAT<br />

or PAYE, ensure you know the filing requirements<br />

and payment deadlines. Missed deadlines will<br />

almost certainly lead to financial penalties, which<br />

is money that would be better spent on developing<br />

your business. Many filing and payment<br />

requirements are now electronic, which will require<br />

software or an understanding of the facilities<br />

available on the HMRC website.<br />

Have a Plan<br />

The most successful businesses usually have a plan<br />

of where they want to be at some defined point in<br />

the future. This not only helps to measure your<br />

performance against your initial goals, but also<br />

allows you to make crucial decisions to resolve<br />

problems at the earliest possible point in time.<br />

Value your own time and use expertise<br />

where it is makes financial sense to do so<br />

Many individuals starting their own business will<br />

try and do everything themselves. Your time is a<br />

limited resource. It’s crucial that this time is spent<br />

in the areas where you can add the most value to<br />

your business. Why spend time maintaining your<br />

business records to save a cost of £20 per hour if<br />

this means that you don’t have time to fulfil all the<br />

chargeable customer work you could at a much<br />

higher rate.<br />

MORE INFORMATION:<br />

Contact websters for a free consultation or join one of our free start-up seminars and we can set you on<br />

the right course. Contact us on 01223 507080 or view our events on www.tax.uk.com<br />

issue <strong>11</strong> | page 21


Set in the heart of Historical Bury St Edmunds,<br />

The Farmers Club is tucked away within beautiful,<br />

tranquil gardens. The ideal setting for corporate<br />

meetings, or function hire, our bespoke meeting<br />

rooms have an abundance of character & charm.<br />

We have full conference facilities, ample parking<br />

and superb dining from a choice of menus.<br />

The perfect place for your Celebration.<br />

Please give us a call to discuss your requirements.<br />

WEDDINGS • CORPORATE • PRIVATE HIRE<br />

Contact us for an informal look<br />

around our club: 01284 750969<br />

frontofhouse@bsefc.co.uk<br />

www.bsefc.co.uk


<strong>IQ</strong> employment<br />

PEOPLE LEAVE<br />

MANAGERS NOT JOBS!<br />

Jacqui Kemp of Namaste discusses the impact<br />

of a managerial position<br />

Research from exit interviews has identified a breakdown in<br />

relations with line managers as the number one reason for<br />

people leaving a business.<br />

Why not take a couple of minutes<br />

to consider the following:<br />

Who is the best manager you had?<br />

What was it about that person<br />

that made them the best?<br />

Who was the worst<br />

manager you ever had?<br />

What made them so diff icult<br />

to work for?<br />

Now consider:<br />

What is it that you do that makes<br />

you a good manager?<br />

What could you do better?<br />

What is it that got you the role as a manager in the first<br />

place? Chances are you were a great technician, so you<br />

decided to set up a business or you aimed for a promotion<br />

into management.<br />

Did you really know what that would mean to you in terms of<br />

time and commitment to meeting someone else’s needs? Or<br />

did it just feel like the right step to take because that was the<br />

goal you had set for yourself without realising the different<br />

skillset that would be needed to fulfil the role of a manager?<br />

Even though I had completed my HR training, I really didn’t<br />

understand the impact that becoming a manager would have<br />

on my time and availability until I was a manager.<br />

Suddenly I had others with needs and wants that were<br />

different to my needs and wants, they were not motivated by<br />

the things that motivated me; they needed me to be more<br />

people focused, to give them my time and attention and to be<br />

less of a technician.<br />

I know that a few people left me in my early days as a manager,<br />

and to them I can only apologise for any difficulties I caused<br />

and hope that they found greater fulfilment elsewhere.<br />

I know that I have become a better manager through training<br />

and development; I had to reflect on my abilities and my<br />

shortcomings. Now I help others to develop their core skills<br />

and competencies to become engaging managers.<br />

I have used those early experiences as a reminder that I am<br />

fallible, that management skills can be learned and that by<br />

giving those around me just a little of my time and attention<br />

I will reap the benefits tenfold.<br />

More Information<br />

If you are new to management, or are running a business and have never had management training find out about<br />

our Management Development Programme. www.namasteculture.co.uk<br />

issue <strong>11</strong> | page 23


<strong>IQ</strong> health and safety<br />

MOVING ON TO THE NEXT<br />

LEVEL... AND BEYOND!<br />

Helping your business to progress as the New Year arrives, Miles Vartan asks whether<br />

getting tough is the answer you need<br />

Buzz Lightyear is well known for saying “To<br />

infinity... and beyond!” Researching this profound<br />

comment led me to Stanley Kubrick’s 1968 film,<br />

2001: A Space Odyssey, where the title card talks<br />

about going ‘beyond the infinite’.<br />

Although I’m well known for thinking laterally<br />

and subsequently trying to motivate colleagues,<br />

customers and suppliers, I can imagine the sea of<br />

“The magic formula is always changing<br />

and it’s those businesses that are fleet of foot,<br />

constantly adapting to market conditions that<br />

survive and even thrive in a depressed economy.<br />

The most important feature that successful<br />

businesses share is their ability to adapt and<br />

stay one step ahead of future challenges.”<br />

confused faces if I or any manager started a call to<br />

action with this phrase; however...<br />

Businesses are set up for a multitude of reasons<br />

and travel through well-recognised cycles such as<br />

forming, storming, norming and performing. If you<br />

are fortunate to have, or are benefiting from, incisive<br />

management skills, leaders and senior managers<br />

need to be able to respond nimbly and promptly<br />

to such factors as changes in the marketplace,<br />

customer failure, etc.<br />

According to Dr Anthea Gregory, Deputy Vice<br />

Chancellor – Academic of The University of<br />

Wolverhampton, “The magic formula is always<br />

changing and it’s those businesses that are fleet of<br />

foot, constantly adapting to market conditions that<br />

survive and even thrive in a depressed economy. The<br />

most important feature that successful businesses<br />

share is their ability to adapt and stay one step<br />

ahead of future challenges.”<br />

Where can businesses go for help to<br />

challenge the status quo, successfully<br />

effect change and be ready for<br />

the future? The Growth Hub<br />

is where our business went<br />

for advice, and for that ‘push’ to<br />

move to the next level.<br />

Signing up for The Growth Accelerator<br />

led to pairing up with a Business Coach and<br />

a ‘nuts and bolts’ analysis of the company’s<br />

Business Plan. It’s by seeking expert advice<br />

on how to get into new markets, increasing<br />

sales and productivity and designing<br />

new products and services,<br />

that businesses of all sizes,<br />

including our own, will<br />

positively benefit.<br />

Will asking<br />

employees<br />

issue <strong>11</strong> | page 24


<strong>IQ</strong> health and safety<br />

‘to work harder’ affect their motivation and<br />

subsequently be a negative factor in your company’s<br />

performance? There is always a danger that this<br />

could be the case, so counter this by keeping your<br />

staff involved in your plans, give them a say as to<br />

the direction you want to go and try to reflect their<br />

ideas in actions.<br />

Be prepared to be tough with those who try to put<br />

spokes in your wheels and take advice on how poor<br />

performance can be positively managed. Celebrate<br />

success and the positive aspects of your business –<br />

the temptation can be to inadvertently focus on the<br />

negative, which can lead into a downward spiral.<br />

Miles Vartan Consultancy’s Risk Management<br />

Bureau provides key support to businesses to ensure<br />

that business interruption is mitigated against,<br />

thereby preventing good work being undone. We<br />

will make sure that the Health and Safety culture<br />

in your businesses is such that all employees will<br />

work to prevent accidents. A robust Business<br />

Continuity Plan will enable you to bounce back<br />

from calamity, supply seamless service levels<br />

to your customers and protect against<br />

reputational damage.<br />

Slinky Dog, Bo Peep, Sheriff<br />

Woody and others along with Buzz Lightyear<br />

normally reach the end of the film in one piece…<br />

Can they reach infinity? Well, they certainly won’t<br />

fail through a lack of trying!<br />

More Information<br />

www.milesvartan.co.uk<br />

issue <strong>11</strong> | page 25


<strong>IQ</strong> employment<br />

Health and Wellbeing<br />

Is It On Your Agenda For 2015?<br />

Cambridge Interim HR advises managers what to focus on.<br />

We learnt earlier this year that absence cost UK employers £29 billion in 2013<br />

with musculoskeletal problems and stress continuing to be the top concerns. We are<br />

approaching the end of another year, and we should be asking ourselves if we did<br />

enough to create the right environment to get the best from our teams in 2014.<br />

issue <strong>11</strong> | page 26


<strong>IQ</strong> employment<br />

The workplace of the future is going to be increasingly<br />

people-centric, and if you are an organisation<br />

competing for talent (which organisation is not!), you<br />

will need to respond by being more supportive and<br />

trusting of your staff than ever before.<br />

Your staff will want something different, they<br />

will want to have more emphasis placed on the<br />

part they play in the success of the organisation.<br />

You will need to be focussed on catering for their<br />

needs and aspirations whilst concentrating more on<br />

recruiting, motivating and retaining them; this is<br />

what will give your organisation the competitive<br />

advantage. To do this, you need to care, and<br />

show you care; your actions need to replicate<br />

your words.<br />

This challenges employers to take a close look at<br />

what is happening in the workplace to ensure that<br />

any human resource policies are supporting how you<br />

want to care for the physical and mental wellbeing<br />

of your staff, thus enabling people to work better for<br />

longer. Most people are more likely to remain in a<br />

workplace for longer, if the environment maximises<br />

energy levels and keeps them connected (engaged<br />

with mind and heart).<br />

1<br />

Take a look at what is going<br />

on in your organisation.<br />

Do you know why your people are absent<br />

from the workplace and what you are doing to<br />

support them? Look at your absence policy (or<br />

develop one) and ensure it provides guidelines<br />

to help people return as fast as possible and to<br />

adjust the environment appropriately.<br />

2<br />

Is health and wellbeing<br />

on your agenda for 2015?<br />

It does not have to be big elaborate expensive<br />

gestures, as the biggest cost will be if you do not<br />

act, and so fail to attract or retain the talent you<br />

need. We are in the ageless workplace. Acting<br />

now will help people be more physically and<br />

mentally fit to handle lifelong careers. Take<br />

the lead and start raising awareness.<br />

3<br />

Downtime / time out<br />

is a good thing<br />

What is the culture you have or are creating<br />

in your organisation? Are you encouraging<br />

people to take time away from the digital<br />

overload, to stop feeling the need to be<br />

connected 24/7? Any approach to health and<br />

wellbeing should include the need to encourage<br />

people to prevent overload to help reduce stress<br />

levels. Being connected 24/7 is detrimental<br />

to our ability to generate new ideas or solve<br />

that difficult problem or dilemma, which<br />

can only mean<br />

reducing personal<br />

effectiveness<br />

and organisation<br />

competitiveness.<br />

Find a way to allow<br />

your people more<br />

quality time to think!<br />

Find a way to allow<br />

your people more<br />

quality time to think!<br />

More Information<br />

Cambridge Interim HR Ltd, St John’s Innovation Centre, Cowley Road, Cambridge, CB4 0WS.<br />

Tel: 01223 422261 www.cambridgeinterimhr.com<br />

issue <strong>11</strong> | page 27


<strong>IQ</strong> employment<br />

USING ALL THE<br />

STRENGTH YOU HAVE<br />

Ed Goodman of Cambridge Business Lounge gives his advice on starting up a new business<br />

issue <strong>11</strong> | page 28


<strong>IQ</strong> employment<br />

In 2013, a record number of businesses were launched in the UK and, this year, that<br />

record looks set to be broken again. The fact is that every one of those new ventures will be<br />

sharing the same challenges and feeling the same frustrations.<br />

Starting a business can be an extraordinarily exciting, yet<br />

daunting, experience. Whether you realise it or not, the<br />

need for peer to peer support is greater than ever, and I<br />

can safely say that Cambridge Business Lounge would<br />

not have survived its first year if we hadn’t built a strong<br />

network first. Here’s a story to prove my point…<br />

One morning, a boy was playing in his sandbox with<br />

his box of cars and trucks, his plastic pail and a shiny,<br />

red plastic shovel. In the process of creating roads and<br />

tunnels, he discovered a large rock in the middle of the<br />

sandbox and, with a little bit of a struggle, he pushed<br />

and nudged the large rock across the sandbox with his<br />

feet. However, when the boy got the rock to the edge<br />

of the sandbox, he found that he couldn’t roll it up and<br />

over the wall.<br />

Determined, the boy shoved, pushed, and pried, but<br />

every time he thought he had made some progress, the<br />

rock tipped and then fell back into the sandbox.<br />

All this time the boy’s father watched from his living<br />

room window as the drama unfolded and, at the moment<br />

his tears fell, a large shadow fell across the boy and the<br />

sandbox.<br />

Gently, but firmly, the father said, “Son, why didn’t you<br />

use all the strength that you had available?” Defeated,<br />

the boy sobbed back, “But I did, Daddy, I did! I used all<br />

the strength that I had!”<br />

“No, son,” corrected the father kindly. “You didn’t use<br />

all the strength you had. You didn’t ask me.” And, with<br />

that, the father reached down, picked up the rock and<br />

removed it from the sandbox.<br />

You have probably started a business because you’ve<br />

found a gap in the market for a new product or service.<br />

Maybe you’re turning a hobby into a business or looking<br />

to provide an existing service in a unique or more<br />

customer-focused way. Whatever your reason, I have<br />

absolutely no doubt that you are great at what you do<br />

and that you are incredibly passionate about the product<br />

or service that you have started to offer or are about to<br />

launch.<br />

What aren’t you good at: Marketing? Bookkeeping?<br />

Sales? Also, what is it that you don’t know you need to<br />

know about running a new business? In short, what is<br />

stopping you from getting your rock over the wall?<br />

I know that many don’t ask for help because pride gets in<br />

the way, or they don’t know who to ask outside of calling<br />

traditional businesses like accountants or solicitors.<br />

Another reason for not asking may be because a mental<br />

cry for help is closely followed by a thought of “but I<br />

wonder what it will cost me.” Of course, we can only ask<br />

for help if we know we need help with and that rarely<br />

comes ahead of time. Whatever support you need to<br />

start your business and whenever you need it, there is a<br />

plethora of support available.<br />

In 2013, a record number of businesses were launched in<br />

the UK and, this year, that record looks set to be broken<br />

again. The fact is that every one of those new ventures<br />

will be sharing the same challenges and feeling the same<br />

frustrations.<br />

So, get out there to networking events and co-working<br />

spaces; find other start-up businesses and use social<br />

media (you can start with @edagoodman on twitter).<br />

Whatever your industry, whatever your experience, you’ll<br />

be amazed how quickly your rock is removed and how<br />

much it will help your business to grow.<br />

As Helen Keller once wrote: ”Alone we can do so little;<br />

together we can do so much.”<br />

More Information<br />

www.cambridgebusinesslounge.com<br />

issue <strong>11</strong> | page 29


<strong>IQ</strong> exposure<br />

2032<br />

What’s our vision<br />

for Newmarket?<br />

<strong>IQ</strong> <strong>Magazine</strong> reveals the plans<br />

behind Newmarket Vision<br />

issue <strong>11</strong> | page 31


<strong>IQ</strong> exposure<br />

Established in 2012, Newmarket Vision is a<br />

partnership of public, private and voluntary sector<br />

groups working to improve Newmarket’s town<br />

centre, tourism, educational opportunities, traffic and<br />

community planning. Brought together by The Prince’s<br />

Foundation, the aim of the Vision Project is to set the<br />

vision for Newmarket over the next 20 years.<br />

A public conference was recently held to discuss the<br />

Newmarket Vision and report back to the community<br />

on its progress. Following this work, four delivery groups<br />

were formed: the Community Planning Group; the<br />

Education Group; the Local Economy, Town Centre<br />

and Tourism Group; and the Traffic and Highways<br />

Group. Noel Byrne (of Bedford Lodge Hotel)<br />

“The Vision is a<br />

collaborative first for<br />

the town; we are getting<br />

things done, making<br />

decisions and moving<br />

things forward.”<br />

summarised the initiative well: “The<br />

Vision is a collaborative first for the town;<br />

we are getting things done, making decisions<br />

and moving things forward.”<br />

Education Delivery Group<br />

Howard Lay opened with his key note speech, ‘The<br />

Future Of Education In Newmarket’ and gave an<br />

update on the raising the bar initiative, expressing the<br />

necessity to take a localised approach and focus on<br />

reducing the bureaucracy in our schools.<br />

Significant changes have already taken place at what<br />

is now Newmarket Academy (formerly Newmarket<br />

College) with Mr Lay feeling positive that a significant<br />

improvement in grades will be recognised with the<br />

2015 leavers. He commented on how necessary it is for<br />

schools to take the responsibility for their own destiny<br />

and no longer rely on the LEA.<br />

Alongside academic subjects, he mentioned the<br />

importance of competitive sports as a factor in shaping<br />

students’ values. “Competitive sports are vital as they<br />

teach us how to cope with failure and bad news, taking<br />

students out of their comfort zone. They encourage<br />

risk taking, challenging, questioning and giving them<br />

ambition for success,” concluded Mr Lay.<br />

Palace House<br />

Chris Garibaldi, Director of Palace House,<br />

gave an update on the progress of the National<br />

Heritage Centre for Horseracing and Sporting<br />

Art. This will replace the National Horseracing<br />

Museum at present situated on the High Street,<br />

and will be located within Palace House and on the<br />

land opposite.<br />

Mr Garibaldi praised Newmarket’s “extraordinary<br />

geographical positioning which will allow the Heritage<br />

Centre to ambitiously target the international visitor.”<br />

He continued, “Live horses, interactive experiences<br />

and scientific learning will form part of the offer,<br />

combining not just with horse racing, but many<br />

different forms of sporting art, to shape the centre. The<br />

Heritage Centre will be at the heart of the community,<br />

with a courtyard open to all filled with eateries, shops<br />

and light entertainment.” The National Heritage<br />

Centre for Horseracing and Sporting Art is due to<br />

open its doors to the public in 2016.<br />

More Information<br />

Further information and updates on The Newmarket Vision can be found on The Forest Health District Council website.<br />

issue <strong>11</strong> | page 32


<strong>IQ</strong> exposure<br />

Business Improvement District (BID)<br />

The Local Economy, Town Centre and Tourism<br />

Group had discussed the implementation of a<br />

Newmarket BID. In summary, a BID is a defined area<br />

within which businesses pay a levy in order to fund<br />

projects in the district’s boundaries, which would<br />

be over and above what the council would typically<br />

provide. Mark Cordell, CEO of the successful Bury<br />

St Edmunds BID (named Our Bury St Edmunds),<br />

gave a workshop to demonstrate his experience and<br />

to help conference members understand what the<br />

adoption of a BID could do for Newmarket.<br />

He began by pointing out that its objective is to<br />

“increase business turnover by increasing footfall into<br />

the town and reduce business cost.” Although a BID<br />

can define its own priorities, Mark Cordell focuses his<br />

budget for Our Bury St Edmunds on the following<br />

six areas:<br />

Marketing:<br />

This concerns marketing the town<br />

and what it needs to offer. The<br />

strategy is to increase the catchments<br />

via website, SEO, social media and<br />

advertising.<br />

Christmas Lights:<br />

This ensures that every street in<br />

the BID district has Christmas<br />

lights, at an additional cost of<br />

£50,000.<br />

Safety and Security:<br />

This includes the introduction<br />

of a shop safe radio scheme, pub<br />

watch and additional support for<br />

the Town Pastors, for example.<br />

Events:<br />

This facilitates The Christmas Lights<br />

Festival, The Whitsun Fayre and The<br />

Food Festival, to name but a few.<br />

Environment:<br />

This boosts Bury St Edmunds’<br />

reputation as a floral town, and funds<br />

an additional £20,000 worth of<br />

public flowers, graffiti removal and<br />

chewing gum removal amongst other<br />

initiatives.<br />

Business Support:<br />

Reduces costs for businesses through<br />

group buying power and negotiation, free<br />

first aid training and job adverts online.<br />

Further consultations will follow regarding the proposed BID in Newmarket, which ultimately will lead to a ballot<br />

where defined businesses will be able to vote for or against its adoption.<br />

issue <strong>11</strong> | page 33


<strong>IQ</strong> exposure<br />

MAKING BURY ST EDMUNDS<br />

EVEN BETTER FOR BUSINESS<br />

Having fought for better business in Bury St Edmunds for the past five years,<br />

Bury St Edmunds’ Business Improvement District, known as ourburystedmunds,<br />

now faces testing times with its termly re-election.<br />

Elected every five years, Bury St Edmunds has<br />

led the way in our local area, welcoming its<br />

Business Improvement District, or BID, in 2010,<br />

when many other BIDs were still undecided<br />

upon in surrounding cities and towns. Now with<br />

Cambridge BID thriving, and talk of Newmarket’s<br />

first BID under way, ourburystedmunds will face<br />

its most challenging feat yet, as the ballot for its<br />

re-election opens this November.<br />

Welcoming all members to vote until 3rd<br />

December, the Electoral Reform Services (ERS)<br />

will carry out the independent ballot by post. To be<br />

successful, it must meet the following conditions:<br />

1. More than 50% of businesses that vote<br />

must vote YES.<br />

2. Of the businesses which vote, the YES votes<br />

must represent more than 50% of the total<br />

rateable value of all votes cast.<br />

If the BID ballot is successful, the BID levy will be<br />

mandatory from 1st April 2015 for each business<br />

located in the BID area with a rateable value of<br />

£10,000 and above.<br />

But what does it actually mean to businesses in<br />

Bury St Edmunds?<br />

issue <strong>11</strong> | page 35


<strong>IQ</strong> exposure<br />

The Opportunity<br />

Retaining the BID is an opportunity to ensure that over<br />

£2million is invested in Bury St Edmunds town centre<br />

over the next five years. For businesses it is an opportunity<br />

to keep streets clean and safe for staff and visitors. For<br />

retailers and the evening economy, it is an opportunity to<br />

increase footfall and sales. For all, it is a chance to reduce<br />

business costs.<br />

The Funding<br />

The ourburystedmunds BID is funded by those in the<br />

area paying the levy based on the rateable value of their<br />

business. The levy is ring-fenced and spent on BID projects<br />

and services agreed by its members. One of the biggest<br />

misconceived rumours is that it has anything to do with<br />

normal business rates. This is not correct, as business rates<br />

are passed straight to central Government.<br />

The smallest businesses whose rateable value is less than<br />

£10,000 will be exempt and will not have to pay. However,<br />

those who still wish to receive BID services will have the<br />

opportunity to become a voluntary member, which will<br />

entitle them to receive all the services provided by the BID.<br />

Currently ourburystedmunds has nearly 30 voluntary BID<br />

members.<br />

The Management<br />

The BID will be managed by Bury St Edmunds Town<br />

Centre Management Company Ltd. This is an independent<br />

not for profit company and will be answerable to a Board of<br />

Directors elected by its members. The Board will oversee<br />

the delivery of projects outlined in this business plan, and<br />

work in your best interests and that of the Town Centre.<br />

issue <strong>11</strong> | page 37


<strong>IQ</strong> exposure<br />

What happens if the BID isn’t voted back in?<br />

Whilst the BID and the projects it carries out do<br />

not and cannot replace those services statutorily<br />

provided by public agencies, such as the Police<br />

and the Council, it can provide services over<br />

and above what the public agencies supply.<br />

If a ‘no’ vote is received, ourburystedmunds will cease<br />

to exist as of 31st March 2015. All services provided by<br />

it will stop immediately, including, but not limited to:<br />

Marketing & Promotion<br />

• The Ourburystedmunds website & app<br />

• Free advertising of staff vacancies on<br />

the website<br />

• Monthly promotional E-Newsletters to<br />

5000 people<br />

• PR & media promotions<br />

• Promotion of independent businesses in<br />

Bury Free Press, Mercury & EADT<br />

• Quarterly production of 10,000 maps<br />

featuring every BID business<br />

Events<br />

• Organisation, delivery and promotion<br />

of the Food & Drink Festival, Whitsun<br />

Fayre, Christmas Lights Switch<br />

On, St George’s Day celebrations,<br />

Independents week, St Edmunds Day<br />

and late night shopping events across<br />

the Christmas season.<br />

other benefits<br />

• Expansion, renewal, installation and removal of<br />

Christmas lights Safety & Security<br />

• Support for Shop Safe Scheme<br />

• Reduced costs for hire of radios<br />

• Support for the Town Pastors<br />

• Support for the Pubwatch scheme<br />

• Active Police liaison Environment<br />

• Display of 200 floral baskets (winter and summer<br />

plants) in the Town Centre<br />

• Provision of additonal litter and chewing<br />

gum bins<br />

• Prompt removal of graffiti from BID buildings<br />

Business Support<br />

• Lobbying and advocacy on behalf of businesses<br />

i.e. car parking, business rates etc<br />

• Providing access to appropriate contacts within<br />

Local Authorities<br />

• Providing free advice for business related issues<br />

• Reducing business costs<br />

• Provision of free training on a variety of subjects<br />

Having held a preliminary consultation<br />

earlier in the year, the prospects for<br />

ourburystedmunds do look promising, with<br />

70% of those that responded stating that they<br />

have confidence in the business community, and<br />

expect their turnover to increase in the next 12<br />

months.<br />

A promising 97% of those people said that the<br />

BID should continue to provide the services<br />

currently offered, and over 80% of people thought the<br />

work of the BID has had a positive impact on their<br />

business.<br />

With the jury still out on ourburystedmunds’ next term<br />

in Bury St Edmunds, we look forward to reporting the<br />

results.<br />

More Information<br />

www.ourburystedmunds.com<br />

issue <strong>11</strong> | page 39


<strong>IQ</strong> exposure<br />

CAMBRIDGE AHEAD - ONE YEAR ON<br />

Cambridge Ahead reveals its current projects and progress after one year<br />

At the beginning of this quarter, the<br />

three project leaders of Cambridge<br />

Ahead came together to present<br />

a summary of their progress,<br />

achievements, and future plans for<br />

the city’s growth.<br />

Taking place at The Li Ka<br />

Shing Centre on the Cambridge<br />

Biomedical Campus at<br />

Addenbrookes in October, <strong>IQ</strong> joined<br />

over 100 guests, including members<br />

of the business, academic, local<br />

government, non-profit making and<br />

cultural community of Cambridge.<br />

Dr Keith McNeil, CEO of<br />

Cambridge University Hospitals<br />

Trust and host of the event,<br />

began with an interesting speech<br />

on the Hospital’s successes and<br />

also the future challenges it faces.<br />

Highlighting the increasing number<br />

of patients the Hospital serves, he<br />

emphasised that it is a victim of its<br />

own success and reputation, and<br />

stressed the need for sensible growth<br />

in order for it to continue to provide<br />

its high level of care.<br />

Everyone present was keen to hear<br />

more about Cambridge Ahead’s<br />

current projects; Promoting<br />

Cambridge, Clarifying the Growth<br />

Agenda, and Improving the Quality<br />

of Life, and in turn, each project<br />

leader provided an overview of their<br />

progress.<br />

Leader of Promoting Cambridge,<br />

Dr David Cleevely CBE, (Honorary<br />

Member, entrepreneur, and<br />

Chairman of Cambridge Wireless)<br />

began by highlighting the need for<br />

a Promotional Agency in order to<br />

boost investment in Cambridge<br />

issue <strong>11</strong> | page 40


<strong>IQ</strong> exposure<br />

More Information<br />

www.cambridgeahead.co.uk<br />

and manage existing arrangements.<br />

Joining forces with Cambridge<br />

Network and local authorities,<br />

he said this initiative should be<br />

launched fairly soon.<br />

Dr Tony Raven, (CEO of<br />

Cambridge Enterprise and leader<br />

of the Growth Agenda project) was<br />

looking ahead to 2035 when he<br />

stated: “Quality of life will be a huge<br />

factor in developing entrepreneurial<br />

communities.” Emphasising the<br />

need to gain a better understanding<br />

of our business community’s longterm<br />

growth forecasts in comparison<br />

to national forecasts, he highlighted<br />

that data collection and analysis<br />

is still in progress. He also stressed<br />

the need to tackle the lack of<br />

commercial property space, which is<br />

something to consider as Cambridge<br />

continues to grow.<br />

Finally, Professor Michael Thorne<br />

(Vice Chancellor of Anglia Ruskin<br />

University and leader of the Quality<br />

of Life project) presented the highly<br />

anticipated results of the Quality of<br />

Life survey which was sent out to<br />

30,000 employees across our region.<br />

Undertaken by RAND Europe, it<br />

was one of the largest workforce<br />

surveys to take place in our area,<br />

and received a great response rate<br />

which showed representation across<br />

all classifications.<br />

According to a national survey,<br />

the majority of people believe that<br />

health, immigration and education<br />

are the main concerns facing<br />

Britain. In comparison, those who<br />

completed Cambridge’s Quality of<br />

Life survey said that their greatest<br />

concern was congestion!<br />

The report showed that 77% of<br />

people are dissatisfied with the level<br />

of traffic in Cambridge, 31% of<br />

whom are also dissatisfied with the<br />

location of the train station. On<br />

housing, 76% disagree that housing<br />

is affordable with 55% of people<br />

struggling to get on the property<br />

ladder. With regard to business,<br />

an alarming 26% of 16 to 25 year<br />

olds feel they don’t have a sense<br />

of belonging, which is something<br />

business leaders should look to<br />

address.<br />

Jane Paterson-Todd, CEO of<br />

Cambridge Ahead, said: “We<br />

commissioned this survey in order<br />

to understand the full extent of what<br />

workers feel about their quality of<br />

life and where Cambridge Ahead<br />

can prioritise its work to help resolve<br />

major issues. The survey confirms<br />

that transport and housing are<br />

significant problems that need to be<br />

addressed.<br />

“The high response rate shows the<br />

level of interest and concern these<br />

employees feel about their quality<br />

of life. There are lots of lessons for<br />

our members, and indeed other<br />

Cambridge organisations, to take<br />

away.”<br />

Cambridge Ahead has now grown<br />

to 32 full members including<br />

The University of Cambridge,<br />

ARM, Mills & Reeve LLP, Anglia<br />

Ruskin University, Xaar plc and<br />

Cambridge University Hospitals.<br />

All of the members represent a<br />

large proportion of the working<br />

population in Cambridge, and have<br />

a turnover of £5billion.<br />

Working together to realise one<br />

common vision, Cambridge Ahead<br />

continues to represent the city’s<br />

business community, with the aim to<br />

grow Cambridge to be the greatest<br />

small city in the world.<br />

issue <strong>11</strong> | page 41


Celiks


<strong>IQ</strong> review<br />

BOOK REVIEW<br />

Selling To Win<br />

Author: Richard Denny<br />

Bio:<br />

A legend in the sales world, Richard Denny<br />

has improved the selling skills of one million<br />

people worldwide through his lectures, books<br />

and courses. Chairman of the Richard Denny<br />

Group that specialises in business training, he<br />

delivers highly practical ideas that achieve high<br />

performance results.<br />

Beginning his career in agriculture, he went<br />

on to work in direct sales with a diverse range<br />

of products from household detergents to bras<br />

becoming the top salesperson, ending up leading<br />

a team of 2,000.<br />

Review:<br />

When the cover promotes that this is “The best<br />

book ever written on selling” I have to admit I<br />

was unsure of this ostentatious boast. However,<br />

as soon as I started reading I could see that this<br />

might be the case after all.<br />

With an easy to read style, Richard Denny<br />

doesn’t use complicated jargon or hard to<br />

understand methods, but speaks sense using<br />

true to life comparisons that make relating to<br />

his words simple.<br />

Explaining how we have been conditioned to<br />

deal with the word ‘no’ and then giving advice<br />

on how to turn it into a yes, Denny reveals the six<br />

cylinders of professional selling, alongside tips on<br />

how to keep good records and the importance of<br />

time management.<br />

Broken down into small chunks and bullet<br />

points, the text is easy to access and could be<br />

dipped back into whenever you need a refresher<br />

of Denny’s sound advice. With pocket reminders<br />

and wise words after each chapter, he manages<br />

to keep the balance between encouraging and<br />

informative, without bordering on the overused<br />

uplifting sentiments of many self-help books.<br />

Rating:<br />

A must-read for any aspiring sales-person,<br />

this book also will help anyone who wants to<br />

boost their confidence when it comes to selling<br />

their own skills or company values to others.<br />

5 out of 5.<br />

issue <strong>11</strong> | page 43


<strong>IQ</strong> business planning


<strong>IQ</strong> review<br />

BOOK<br />

REVIEW<br />

The Virgin Way: How to Listen,<br />

Learn, Laugh and Lead<br />

Author: Sir Richard Branson<br />

Bio:<br />

What is there to say about Sir Richard Branson? He<br />

is defined as one of the greatest entrepreneurs of<br />

our time - the man that has been there and done<br />

it all.<br />

Born in 1950, he founded Virgin as a mail order<br />

record retailer and it didn’t take him long to open a<br />

record shop in Oxford Street. Setting up a recording<br />

studio in 1972, acts, such as Belinda Carlisle, Phil<br />

Collins, Janet Jackson and The Rolling Stones,<br />

helped to establish Virgin Music as one of the top 6<br />

recording companies in the world.<br />

The Virgin Music Group has since expanded into<br />

travel, mobile, financial, retail, internet, hotels and<br />

leisure industries, accounting for 200 companies in<br />

over 30 countries.<br />

An iconic business leader, it was no surprise when<br />

in September 2012, a YOUGOV poll conducted in<br />

Britain found that British workers chose Sir Richard<br />

Branson as their dream boss. His autobiography<br />

and books on business have become international<br />

best-sellers and this is his latest installment that<br />

hopes to guide you to becoming a successful CEO.<br />

Review:<br />

With over 40 years in business, it’s evident Sir Richard<br />

Branson has a lot of wisdom to share. However, this<br />

if far from a conventional book on leadership. It’s<br />

fun, witty and packed full of entertaining stories;<br />

so if you are after a more technical and detailed<br />

business advice book, this may not be for you.<br />

Richard highlights the importance of the simple<br />

things that lead to success; listening, learning,<br />

and keeping your employees engaged with your<br />

company. The book may be a little self-indulgent<br />

but a lot can be learnt from the easy-to-relate-to<br />

stories and experiences of failure. For those that are<br />

already a fan of Richard’s witty business mottos, you<br />

will find more scattered throughout the pages, and<br />

this book will help you gain a little more insight into<br />

the man who’s next venture is package holidays to<br />

the moon!<br />

Rating:<br />

Refreshing, easy to read, and hard to put down, this<br />

book is sure to be another best-seller. 4.5 out of 5.<br />

issue <strong>11</strong> | page 45


<strong>IQ</strong> business diary<br />

BUSINESS DIARY<br />

Women in Management:<br />

Influencing Skills<br />

Explore your influencing style and<br />

find out about tools and techniques<br />

which will help you to better your<br />

influencing skills. The next workshop<br />

in this series is on 27th November.<br />

Date: 6th November<br />

Time: 9.00 – 12.00<br />

Venue: Peterborough Rugby Club, Fengate,<br />

Peterborough<br />

Organiser: Cambridgeshire Chambers of<br />

Commerce<br />

Booking Details: Contact Daisy Rivetti,<br />

Events Administrator, on 01733 370809<br />

or email d.rivetti@cambscci.co.uk. Member<br />

Fee: £60.00 plus VAT; Non-Member<br />

Fee: £75.00 plus VAT.<br />

The Cambridge Alternative<br />

Networking (CAN) Cromwell<br />

Group<br />

At these meetings you can find out<br />

about other members’ businesses with<br />

a view to sourcing quality referrals<br />

for each other. The meetings are a<br />

mixture of structured and informal<br />

networking.<br />

Date: 5th Nov, 19th Nov, 3rd Dec, 17th<br />

Dec<br />

Time: 06.45 – 08.30<br />

Venue: The Gonville Hotel, Gonville<br />

Place, Cambridge<br />

Organiser: www.cambscan.co.uk.<br />

Booking Details: www.eventbrite.<br />

co.uk/o/cambridge-alternativenetworking-3825171067.<br />

Tickets £15.00<br />

Start-Up Cambridge<br />

This monthly event, hosted by local<br />

Start-Up Britain Champion for<br />

Cambridge Ed Goodman, is for<br />

anyone who is thinking of starting<br />

a business or has been trading for<br />

less than a year. Share empathy,<br />

experiences and knowledge, and<br />

connect with other businesses with<br />

similar goals and concerns.<br />

Date: 5th Nov, 3rd Dec<br />

Time: 10.00 – 12.00<br />

Venue: Cambridge Business Lounge<br />

Organiser: Cambridge Business Lounge<br />

Booking Details: Contact Ed or Jodie,<br />

tel 01223 324040, or email info@<br />

cambridgebusinesslounge.com. There<br />

is a £10 charge to cover room hire<br />

and refreshments.<br />

The Cambridge Alternative<br />

Networking Riverside Group<br />

At these meetings you can find out<br />

about other members’ businesses with<br />

a view to sourcing quality referrals<br />

for each other. The meetings are a<br />

mixture of structured and informal<br />

networking.<br />

Date: 6th Nov, 20th Nov, 4th Dec,<br />

18th Dec<br />

Time: 06.45 – 08.30<br />

Venue: The Arundel House Hotel,<br />

Chesterton Road, Cambridge<br />

Organiser: CAN Riverside www.<br />

cambscan.co.uk.<br />

Booking Details: www.eventbrite.<br />

co.uk/e/can-riverside-grouptickets-13464563873.<br />

Tickets £12.50<br />

plus VAT<br />

Informal Networking<br />

Evening, Cambridge<br />

Learn more about the local business<br />

community, make new business<br />

connections, and meet members of<br />

the Chamber staff. This free event is<br />

open to all.<br />

Dates: 6th Nov, 20th Nov, 4th Dec<br />

Time: 17.00 – 19.00<br />

Venue: Holiday Inn, Impington,<br />

Cambridge<br />

Organiser: Cambridgeshire Chambers<br />

of Commerce<br />

Further information: Contact Peter<br />

Watts on 07545 697799 or<br />

email p.watts@cambscci.co.uk<br />

The Very Early Lunch Club -<br />

Cambridge<br />

Networking, guest speakers and<br />

breakfast are offered at the Very<br />

Early Lunch Club event. With no<br />

pressure to attend every meeting,<br />

this is a relaxed and collaborative<br />

environment.<br />

Dates: 7th Nov, 5th Dec, 5th Jan 2015<br />

Time: 7:30 - 9:30<br />

Venue: Anglesey Abbey, Lode<br />

Organiser: Ian Clemson<br />

Booking Details: Tel: 01638 745286<br />

or www.velc.co.uk<br />

The South Cambridge<br />

Coffee Morning<br />

This free, informal, midmorning<br />

networking meeting is for those with a<br />

business-to-business interest in South<br />

Cambridgeshire and surrounding<br />

areas. You can host an event, and<br />

showcase your business, for £40.00.<br />

Date: 7th, 14th, 21st, 28th Nov and 5th,<br />

12th Dec<br />

issue <strong>11</strong> | page 46


<strong>IQ</strong> business diary<br />

Time: 10.00 – 12.00<br />

Venue: Holiday Inn Express,<br />

Whittlesford, Cambridge<br />

Organiser: Gerrit van Deventer<br />

Booking Details: www.eventbrite.<br />

co.uk/o/the-south-cambridge-coffeemorning-1885155357<br />

Informal Networking<br />

Evening, Ely<br />

Learn more about the local business<br />

community, make new business<br />

connections, and meet members of<br />

the Chamber staff. This free event is<br />

open to all.<br />

Dates: 10th Nov, 8th Dec.<br />

Time: 17.00 – 19.00<br />

Venue: The Lamb Hotel, Ely<br />

Organiser: Cambridgeshire Chambers of<br />

Commerce<br />

Further information: contact Peter<br />

Watts on 07545 697799 or email<br />

p.watts@cambscci.co.uk<br />

Best Of Bury Coffee Morning<br />

One of the most successful and<br />

relaxed ways to get to know other<br />

local business people, at this<br />

fortnightly meeting a sponsor takes<br />

the floor with 15 mins to speak,<br />

demonstrate or hold a Q&A session.<br />

Sponsorship costs £30. Forthcoming<br />

sponsors are: <strong>11</strong>th Nov, New Anglia<br />

Growth Hub; 25th November Sue<br />

Hughes from Forever Living.<br />

Dates: <strong>11</strong>th Nov, 25th Nov, 9th Dec,<br />

13th Jan 2015<br />

Time: 10.00 – 12.00<br />

Venue: Benson Blakes, 88-89 St. Johns<br />

Street, Bury St Edmunds<br />

Organiser: Best of Bury St Edmunds<br />

Booking Details: Tel: 01284 755188.<br />

www.thebestof.co.uk/local/bury-st-edmunds<br />

Newmarket Means Business<br />

These weekly coffee mornings, hosted<br />

by different companies each week,<br />

offer a very relaxed and informal<br />

way of meeting local businessmen<br />

and women in Newmarket and the<br />

surrounding areas. You can sponsor<br />

an event for £30.00.<br />

Date: 13th Nov, 27th Nov, <strong>11</strong>th Dec,<br />

18th Dec<br />

Time: 10.00 – <strong>11</strong>.30<br />

Venue: The Rutland Arms Hotel,<br />

Newmarket<br />

Organiser: Newmarket Means Business<br />

Booking Details: www.thebestof.co.uk/<br />

local/newmarket/events/feature/<br />

the-coffee-morning<br />

Coffee Means Business<br />

This informal networking event is<br />

open to all small businesses. There is<br />

a welcome at 10.00 and two short 4<br />

minute talks at 10.30.<br />

Date: 13th Nov, <strong>11</strong>th Dec<br />

Time: 09.30 – <strong>11</strong>.30<br />

Venue: The Apex, Bury St Edmunds<br />

Organiser: Menta, Bury St Edmunds<br />

Booking Details: Contact Sonia@<br />

menta.org.uk. Tel: 01284 760206.<br />

£2.00 fee.<br />

Informal Networking<br />

Evening, St Neots<br />

Learn more about the local business<br />

community, make new business<br />

connections, and meet members of<br />

the Chamber staff. This free event is<br />

open to all.<br />

Date: 12th Nov, 10th Dec<br />

Time: 17.00 – 19.00<br />

Venue: The Waterfront Bar, Wyboston<br />

Lakes<br />

Organiser: Cambridgeshire Chambers of<br />

Commerce<br />

Further information: contact Peter<br />

Watts on 07545 697799 or email<br />

p.watts@cambscci.co.uk<br />

The Bury Breakfast Club<br />

The Bury Breakfast Club is a<br />

completely independent, self<br />

governed networking group to which<br />

meets to generate significant business<br />

for each other.<br />

Dates: 14th & 28th Nov, 12th Dec, 9th<br />

& 23rd Jan 2015<br />

Time: 06.45 - 08.30<br />

Venue: Active Business Centre, 33 St<br />

Andrew’s St. South, Bury St Edmunds.<br />

Organiser: The Bury Breakfast Club<br />

Booking Details: www.<br />

burybreakfastclub.co.uk or email theteam@<br />

burybreakfastclub.co.uk<br />

Export Opportunities:<br />

Think Germanic Europe<br />

This event brings together some of<br />

Europe’s leading experts to share<br />

their specialist knowledge of Holland<br />

Belgium and Germany. UK Trade<br />

and Investment and EEN (Enterprise<br />

Europe Network) will explain the<br />

issue <strong>11</strong> | page 47


<strong>IQ</strong> business diary<br />

BUSINESS DIARY<br />

services they provide to help you<br />

develop your business across the EU<br />

and access funding to support your<br />

exports efforts.<br />

Date: 19th November<br />

Time: 16.00 – 20.00<br />

Venue: Cambridge International Airport<br />

Organiser: The International Sector of<br />

Cambridgeshire Chambers of Commerce<br />

Booking Details: Contact Daisy Rivetti,<br />

Events Administrator, on 01733 370809<br />

or email d.rivetti@cambscci.co.uk. Member<br />

Fee: £17.00 plus VAT, Non-Member<br />

Fee: £25.00 plus VAT.<br />

Ely Business Lunch<br />

Meet new business connections<br />

in the relaxed but structured<br />

format of safari networking. After<br />

the networking, Lisa Stubbs of<br />

Greenlight FM, will be presenting on<br />

What is Facilities Management?<br />

Date: 20th November<br />

Time: <strong>11</strong>.45 – 14.00<br />

Venue: Poets House Ely<br />

Organiser: Cambridgeshire Chambers<br />

of Commerce<br />

Booking Details: Contact Karen<br />

Dawson, Events & Training Co-ordinator,<br />

on 01223 209808 or email k.dawson@<br />

cambscci.co.uk. Member Fee: £15.00 plus<br />

VAT, Non-Member Fee: £22.50 plus VAT.<br />

Before You Join, Cambridge<br />

Learn about the benefits of joining<br />

the Cambridgeshire Chambers of<br />

Commerce, including the business<br />

services that will be included as<br />

standard within your membership<br />

package.<br />

Date: 20th November<br />

Time: 09.30 -<strong>11</strong>.00<br />

Venue: Milton Hall<br />

Organiser: Cambridgeshire Chambers<br />

of Commerce<br />

Booking Details: Free, but booking is<br />

advised. Contact Bren Coleman on<br />

01223 2098<strong>11</strong>.<br />

Thursday with<br />

theBestof Haverhill<br />

Join thebestof and our business<br />

members at this free event for some<br />

inside knowledge on marketing with<br />

special guest Michelle Downey, head<br />

of thebestof.<br />

Date: 20th Nov<br />

Time: 10.00 – 12.00<br />

Venue: Days Inn, Haverhill<br />

Organiser: thebestof<br />

Booking Details: To reserve your place<br />

contact sophie.allen@thebestof.com<br />

Collaborative<br />

Cambridge Meet-up<br />

This monthly breakfast meet-up is<br />

themed around collaborative problem<br />

solving. Brainstorm solutions and<br />

work together to help each others’<br />

businesses. Enjoy the benefits of coworking<br />

for the rest of the day, and<br />

book a desk at a discounted price.<br />

Date: 21st Nov, 19th Dec, 16th Jan<br />

Time: Breakfast and collaboration: 08.00<br />

– 09.30; Co-working 09.30 – 17.30<br />

Venue: Cambridge Business Lounge<br />

Organiser: Cambridge Business Lounge<br />

Booking Details: Contact Ed Goodman<br />

on 01223 324040. For more information<br />

visit www.meetup.com/Cambridge-<br />

Business-Lounge. Breakfast £10 (CBL<br />

Co-working Member rate = £6) inc<br />

Breakfast rolls, tea, coffee, juice. Co-working<br />

£12 for the day (normal price £20)<br />

Cambridge Business Women’s<br />

Coffee Club<br />

An informal monthly group for<br />

Cambridgeshire businesswomen to<br />

meet like-minded people as well as<br />

exchange ideas and experiences.<br />

Date: 21st Nov<br />

Time: 10.00 -12.00<br />

Venue: Cambridge Business Lounge<br />

Organiser: Cambridge Business Lounge<br />

Booking Details: Contact Kathy<br />

Salaman on 01223 324040. For more<br />

information visit: http://www.meetup.com/<br />

Cambridge-Business-Womens-Coffee-Club.<br />

No membership, no booking required, and<br />

only £10 on the door to cover room hire,<br />

food and drink.<br />

Cambridgeshire Export Club<br />

An informal networking evening for<br />

exporters and those considering it.<br />

Date: 25th November<br />

Time: 17.00 – 19.00<br />

Venue: The Moller Centre, Storey’s Way,<br />

Cambridge<br />

Organiser: Cambridgeshire Chambers<br />

of Commerce<br />

More information: Contact Helen<br />

issue <strong>11</strong> | page 48


<strong>IQ</strong> business diary<br />

Bosett, Sector Co-ordinator, on 01733<br />

370809, or email h.bosett@cambscci.co.uk.<br />

Maximise Your Membership –<br />

Cambridge<br />

Find out more about the benefits of<br />

membership of the Cambridgeshire<br />

Chambers of Commerce, including<br />

the latest promotional opportunities<br />

and cost-saving service providers.<br />

Free.<br />

Date: 25th Nov<br />

Time: 9.00 – <strong>11</strong>.00<br />

Venue: Milton Hall, Milton, Cambridge<br />

Organiser: Cambridgeshire Chambers of<br />

Commerce<br />

Booking Details: Contact Bren<br />

Coleman on 01223 2098<strong>11</strong><br />

Informal Networking<br />

Evening – Fenland<br />

Learn more about the local business<br />

community, make new business<br />

connections, and meet members of<br />

the Chamber staff. This free event is<br />

open to all.<br />

Date: 26th Nov<br />

Time: 17.00 – 19.00<br />

Venue: Octavia View, Wisbech<br />

Organiser: Cambridgeshire Chambers<br />

of Commerce<br />

Further information: Contact Peter<br />

Watts on 07545 697799 or<br />

email p.watts@cambscci.co.uk.<br />

Women in Management:<br />

Public Speaking and<br />

Presentation Skills<br />

This workshop, the third in a series,<br />

focuses on work-based presentation<br />

skills, exploring what makes a good<br />

public speaker, including preparing<br />

for and delivering presentations.<br />

Date: 27th Nov<br />

Time: 9.00 – 12.00<br />

Venue: Peterborough Rugby Club, Fengate,<br />

Peterborough<br />

Organiser: Cambridgeshire Chambers of<br />

Commerce<br />

Booking Details: Contact Daisy Rivetti,<br />

Events Administrator, on 01733 370809<br />

or email d.rivetti@cambscci.co.uk Member<br />

Fee: £60.00 plus VAT; Non-Member<br />

Fee: £75.00 plus VAT.<br />

Greene King Brewery<br />

Tour and Lunch<br />

Your guides from Greene King will<br />

show you how real beer is brewed<br />

using natural ingredients and<br />

traditional brewing methods. The<br />

tour will end with a tutored tasting<br />

of their beers in the atmospheric<br />

Brewery Tap. We will remain in the<br />

Brewery Tap for a two course lunch<br />

and an informal networking session.<br />

Date: 5th Dec<br />

Time: 10.30<br />

Venue: Greene King Brewery, Bury<br />

St Edmunds<br />

Organiser: Newmarket Chamber of<br />

Commerce jointly with Bury St Edmunds<br />

Chamber of Commerce.<br />

Booking details: www.<br />

newmarketanddistrict.co.uk/book/<br />

book/133. Member’s fee: £30. Non<br />

member’s fee: £38.<br />

Simply Networking –<br />

Newmarket and District<br />

Chamber of Commerce<br />

Networking Event<br />

The ‘Start the Year’ Networking<br />

Event returns. This fast-paced event<br />

is all about extending your network of<br />

business contacts and putting a name<br />

to the face of some of the Chamber<br />

members and other businesses<br />

you may be linked to online. Tea,<br />

coffee, Danish and croissants will be<br />

available.<br />

Date: 9th Jan 2015<br />

Time: 07.45 – 09.45<br />

Venue: The British Racing School,<br />

Newmarket<br />

Organiser: Contact Claire Elbrow<br />

on 01638 731513 or via info@<br />

bluelizardmarketing.com<br />

Booking details: www.suffolkchamber.<br />

co.uk/events/suffolk_chamber_events/<br />

start_the_year_by_simply_networking_<br />

friday_09_january_2015.<br />

Member’s fee: £8.33 plus VAT.<br />

Non member’s fee: £12.50<br />

plus VAT.<br />

issue <strong>11</strong> | page 49


<strong>IQ</strong> showcase<br />

Advertising campaign for Sunsquare<br />

issue <strong>11</strong> | page 50


<strong>IQ</strong> showcase<br />

How To Be A<br />

Creative Genius<br />

Gemma Treby explores the science of creative thinking<br />

It’s a feeling we all know – the<br />

moment when a light goes on in<br />

your head, and, in a sudden flash<br />

of inspiration, a new idea is born.<br />

A creative idea, one that will<br />

change your business for the better<br />

and make you stand out from the<br />

crowd. Scientists debate whether<br />

or not creativity can be learnt or<br />

whether it’s genetic: in conclusion,<br />

it appears that there are many ways<br />

we can encourage the creative<br />

process, but creative genius is<br />

rare. In a design and marketing<br />

agency, being creative does not<br />

give you licence to be bizarre,<br />

quite the opposite.<br />

From an early age we are often<br />

shuffled into one category - I<br />

even find I do that with my own<br />

children, when I should know better!<br />

“You’re really good at numbers<br />

– such a left brainer!” or “You’re<br />

so arty, a total right brainer!”<br />

The problem is with marketing<br />

that you really have to be a perfect<br />

blend of both, as well as being able<br />

to change the proportions of that<br />

mix depending on the client.<br />

In other words, you need to be<br />

analytical and focused on the<br />

brand’s competition, but you<br />

also need to be creative enough<br />

to develop exciting and original<br />

campaigns that will capture the<br />

target market and get your clients<br />

the rate of return that they’re<br />

hoping for.<br />

Recognising that creativity<br />

does need balance is Gerard<br />

Puccio of Buffalo State University,<br />

who teaches students that<br />

creativity comes in four stages:<br />

clarifying, ideating, developing and<br />

implementing. After all, what’s the<br />

use of that light bulb moment if<br />

you cannot put it into action? What<br />

we spend most of our agency’s time<br />

doing is developing a client’s initial<br />

brainstorm and seeing it through<br />

to the end, putting our practical<br />

head on by making sure the idea is<br />

cost effective and convincing to the<br />

target market.<br />

Do things<br />

differently<br />

If you want to come up<br />

with an innovative solution,<br />

change your environment.<br />

Sit somewhere else in the<br />

office. Physiologist Dr<br />

Simone Ritter agrees that<br />

altering our daily routine<br />

can result in significant<br />

changes to the brain, as well<br />

travelled neural pathways<br />

are abandoned and new<br />

connections made between<br />

brain cells. Patterns and<br />

monotony are the enemy.<br />

Disconnect<br />

In the real world, we can’t<br />

say, “Hey manager, I need<br />

some inspiration, so I’m<br />

going to disconnect for a<br />

while.” It’s about being<br />

aware that creative thinking<br />

takes place as much in the<br />

subconscious part of our<br />

brains as the conscious. This<br />

disconnection is what makes<br />

long runs, swimming and hot<br />

baths a gold mine for ideas.<br />

Try not to forget them and<br />

jot them down.<br />

Feedback<br />

Two heads are always better<br />

than one. Bounce your ideas<br />

about, brainstorm and pick<br />

the brains of people who<br />

don’t work in your business.<br />

It’s sometimes hard to see<br />

the wood for the trees,<br />

and working on your own<br />

business’ marketing will<br />

be difficult. We spend all<br />

day working on clients’<br />

marketing; however,<br />

marketing our own business<br />

is the most challenging of all.<br />

We feel your pain!<br />

issue <strong>11</strong> | page 51


<strong>IQ</strong> business support<br />

On Target:<br />

The New Anglia<br />

Growth Hub<br />

Support and advice continues with<br />

The New Anglia Growth Hub<br />

Since its launch in June, the New Anglia<br />

Growth Hub has already supported over 600<br />

businesses in the region to develop and grow.<br />

Managed by Suffolk Chamber of Commerce,<br />

on behalf of New Anglia Local Enterprise<br />

Partnership, the New Anglia Growth Hub<br />

aims to provide £1.4 million of grant funding<br />

directly to small and medium sized businesses.<br />

Offering free advice and support, the Growth<br />

Hub is working with local and national<br />

organisations, including NWES, Menta,<br />

Finance East, UKTI, Growth Accelerator and<br />

the Manufacturing Advisory Service, to ensure<br />

that businesses have quick and easy access to<br />

the help and support they need.<br />

“Small businesses are the foundation of long<br />

term economic growth. The New Anglia<br />

Growth Hub is a great example of joining up<br />

national and local support, giving Norfolk and<br />

Suffolk businesses one place to go for help,”<br />

said Business Minister and West Suffolk MP<br />

Matthew Hancock, about the new scheme.<br />

Demand for this service has been high, as<br />

business owners seek advice and support<br />

to help them expand and deal with a wide<br />

range of business issues in the current difficult<br />

financial climate. A team of nine Business<br />

Growth Advisers, able to come to your business<br />

premises, operate across Suffolk and Norfolk<br />

and can assist you with any potential business<br />

moves you have planned.<br />

Richard Glinn (left) and John Stenhouse (middle) of the New Anglia Growth<br />

Hub with Matthew Hancock, Business Minister and West Suffolk MP (right).<br />

More Information<br />

New Anglia Growth Hub, Felaw Maltings, Ipswich. Tel: 0300 333 6536 @AngliaHub<br />

issue <strong>11</strong> | page 53


<strong>IQ</strong> social platforms<br />

Available in 200<br />

countries and<br />

territories<br />

2 new<br />

members<br />

per second<br />

40% use<br />

LinkedIn<br />

daily<br />

20 languages<br />

available<br />

300 million<br />

users<br />

The Low-Down On<br />

LinkedIn<br />

Is your business making the most of the<br />

social platform for professionals?<br />

LinkedIn is the go-to social network for professionals. Since 2013, it has<br />

become more than just an online platform on which to post your CV. It<br />

has grown to be a more open, more engaging, and more content-centric<br />

form of social media.<br />

This year, LinkedIn’s executive director, Dan Roth, announced a new<br />

content strategy that allows all members to publish long form content on<br />

LinkedIn. So what does this mean?<br />

Users are now free to share their knowledge and expertise to the world,<br />

posting images, links and thought-provoking insights that could challenge<br />

industry trends and possibly be the latest news in business. It offers an<br />

online platform to showcase your expertise in your chosen field, whether<br />

you are a business leader, marketeer, financial advisor or writer.<br />

issue <strong>11</strong> | page 54


<strong>IQ</strong> social platforms<br />

10am-2pm is the best<br />

time to post for shares<br />

and engagement<br />

3 million<br />

business<br />

pages<br />

15 million<br />

users in<br />

the UK<br />

LinkedIn Business<br />

Page Statistics<br />

89.7% of users find it<br />

is moderately to extremely<br />

useful in growing their<br />

network and developing<br />

their business<br />

So how can you use LinkedIn to grow your business?<br />

B2B Networking<br />

LinkedIn is designed to connect like-minded<br />

people and companies with common interests,<br />

providing a valuable platform to research and<br />

approach third party resources that you may<br />

consider working with.<br />

B2C Networking<br />

Building brand awareness is key to marketing, and<br />

a strong LinkedIn profile can serve as a flagship<br />

digital platform for your brand. An active site with<br />

engaging content will impress potential customers<br />

by highlighting your brand image, services and<br />

expertise. Advertising new products/services on<br />

LinkedIn is also a great way to create a buzz, and is<br />

an alternative form to traditional print advertising<br />

as it is more affordable, flexible and completely in<br />

your control.<br />

Staffing<br />

LinkedIn is a haunt for job-hunters, so if you<br />

are looking to attract the best talent, ensure<br />

your company’s open career opportunities<br />

and profile are constantly up-to-date. It is also<br />

a great tool for your in-house recruiters to<br />

find and approach new talent.<br />

Customer Satisfaction<br />

It is easy to assume LinkedIn is just used<br />

by job-hunters and recruiters, however it is<br />

visible to anyone who may be researching<br />

your company, such as potential customers.<br />

A well-managed profile or business page can<br />

showcase your customer satisfaction reviews<br />

through surveys, messaging and comments.<br />

Use it to your advantage!<br />

issue <strong>11</strong> | page 55


<strong>IQ</strong> team building<br />

Maximise Motivation<br />

With the New Year approaching, we’re all thinking about how to motivate ourselves,<br />

and our employees, during the dark winter months. We’ve brought you the best team<br />

building ideas to keep the office in high spirits until spring…<br />

Scudamore's Punting Company<br />

Cambridge<br />

Take a break from office life and treat your work<br />

force to a Punting Tour of Cambridge. With<br />

punting parties that will have your team bonding<br />

over Salsa classes or cocktail making, you’ll be<br />

revelling in the history and grandeur of the City<br />

whilst learning some new things about Cambridge<br />

and your own company!<br />

Scudamore’s Quayside Punting Station, Magdalene Bridge,<br />

Cambridge. Tel: 01223 359750. www.scudamores.com<br />

SIN Cru<br />

Cambridge<br />

And now for something completely different… Become<br />

part of SIN Cru and challenge colleagues to a hiphop<br />

dance class, DJ-ing lesson and graffiti session taught by the<br />

experts who will help break down team barriers and reboost<br />

the workforce dynamic. This team building activity<br />

is certain to be talked about around the water-cooler for<br />

months to come.<br />

SIN Cru, Cambridge Combat and Fitness Centre, 297 Histon Road,<br />

Cambridge. Tel: 07989 927706. www.sincru.co.uk<br />

British Racing School<br />

Newmarket<br />

Teaming up with WildTracks to offer team building days<br />

that will certainly get office motivation back to its peak,<br />

The British Racing School has combined its state of the<br />

art conferencing facilities with the added option of offroad<br />

quad biking, clay pigeon shooting, hovercraft driving,<br />

inflatable sumo wrestling and so much more! Tailor made<br />

to make your team bonding fit to your requirements, you’re<br />

sure to have a day to remember!<br />

British Racing School, Snailwell Road, Newmarket, Suffolk.<br />

Tel: 01638 665103. www.brsconferences.com<br />

The Jockey Club Rooms<br />

Newmarket<br />

At the heart of British horse racing for over 250 years,<br />

The Jockey Club Rooms will make an inspiring visit<br />

for businesses around the region. With conference<br />

rooms for team building activities that are packed full<br />

of racing memorabilia, the walls have their own story<br />

to tell. Enjoy delicious dining and private tours of the<br />

art collection for a cultured team trip.<br />

The Jockey Club Rooms, 101 High Street, Newmarket. Tel:<br />

01638 663101. www.jockeyclubrooms.co.uk<br />

issue <strong>11</strong> | page 59


<strong>IQ</strong> team building<br />

Red Lodge Karting<br />

Red Lodge<br />

Wysing Arts Centre<br />

Cambridge<br />

Motivate your employees with a bit of healthy<br />

competition that’s completely un-work related. Split<br />

the team into two sides for a Grand Prix Race around<br />

the Red Lodge Karting track and shake off the usual<br />

office politics. With up to 40 drivers battling it out on the<br />

1200 metre circuit, everyone can get involved in this<br />

fun group activity!<br />

Red Lodge Karting, Red Lodge. Tel: 01638 552316.<br />

www.redlodgekarting.com<br />

Offering bespoke packages that include team<br />

training days, art tours around the vast centre and<br />

informal space hire, Wysing Arts Centre provides<br />

an alternative environment for artistic research,<br />

discovery and production that could be the key to<br />

inspiring new-found creativity in the New Year.<br />

Wysing Arts Centre, Fox Road, Bourn, Cambridge.<br />

Tel: 01954 718881. www.wysingartscentre.org<br />

Studio Scribbles<br />

Newmarket<br />

A unique take on corporate team building, share<br />

your artistic talents (or lack thereof!) with a fun<br />

event to create hand-painted ceramics that can then<br />

be used in your office! Taking people out of their<br />

usual routine will allow for bonding and boost team<br />

morale, ideal for those long winter days when<br />

motivation is lacking!<br />

Studio Scribbles, 2 Park Lane, Newmarket. Tel: 01638 661555.<br />

www.studioscribbles.co.uk<br />

Bedford Lodge Hotel & Spa<br />

Newmarket<br />

After an undoubtedly busy festive period, your<br />

staff could well need a day of rejuvenation and<br />

relaxation to get back on top form. What could be<br />

more motivational than the thought of a Spa day<br />

at Bedford Lodge Hotel to ensure your workers will<br />

skip back to their desks after the holidays.<br />

Bedford Lodge Hotel & Spa, Bury Road, Newmarket.<br />

Tel: 01638 676130. www.bedfordlodgehotelspa.co.uk<br />

issue <strong>11</strong> | page 61


<strong>IQ</strong> business planning<br />

WE MEAN BUSINESS<br />

CONFERENCING AT THE<br />

DOUBLETREE BY HILTON CAMBRIDGE<br />

Room hire | Arrival Tea, Coffee, Pastries and Fresh Fruit Platter<br />

Morning Tea, Coffee, Smoothies and DoubleTree Cookies | LCD Projector, Screen and Flipchart<br />

2 Course Hot & Cold Buffet served in the restaurant | Tea, Coffee and Afternoon Cake<br />

Tool Kit including Stationery | Wi-Fi | Mineral Water<br />

£47 PER DELEGATE<br />

issue <strong>11</strong> | page 62


<strong>IQ</strong> team building<br />

CentreParcs<br />

Elveden Forest<br />

Renown for its fantastic range of activities, what you might<br />

not realise is that these can be incorporated into your<br />

conference and team building days. With packages that can<br />

include a spa session, laser combat game, treasure hunt and<br />

archery, you can both work and play at CentreParcs.<br />

CentreParcs, Elveden Forest, Brandon. Tel: 03448 267751.<br />

www.centerparcs.co.uk<br />

Go Ape<br />

Thetford<br />

La Raza<br />

Cambridge<br />

If your team enjoy heading to the pub for a drink<br />

after work on a Friday, why not mix up the routine<br />

and book them in for a Cocktail Masterclass at La<br />

Raza! Learn how to rustle up your own favourite<br />

cocktails, whilst tasting along the way; but perhaps<br />

going back to the office afterwards isn’t the best<br />

idea!<br />

La Raza, 4-6 Rose Crescent, Cambridge. Tel: 01223<br />

464550. www.laraza.co.uk<br />

The UK’s number one forest adventure, race<br />

your colleagues on segways or hang out in the<br />

trees at Go Ape in Thetford Forest. The events<br />

team can arrange everything for you, with the<br />

use of conference facilities available if you<br />

require a team meeting before you take on the<br />

Tree Top Adventure.<br />

Go Ape, High Lodge, Thetford. Tel: 0333 331 7191.<br />

www.goape.co.uk<br />

Newmarket Racecourses<br />

Newmarket<br />

A day at the races is a traditional British past-time that<br />

should not be forgotten when you’re treating staff to a<br />

team building day. Motivate employees with a race day<br />

booked for next summer, or a business meeting in the<br />

luxury of Newmarket’s Rowley Mile racecourse.<br />

Newmarket Racecourses, Newmarket. Tel: 01638 675500.<br />

newmarket.thejockeyclub.co.uk<br />

issue <strong>11</strong> | page 63


<strong>IQ</strong> exposure<br />

WINNING<br />

AT BUSINESS<br />

Putting a new twist on corporate awards, <strong>IQ</strong> magazine<br />

celebrates the Velvet <strong>Magazine</strong> Award winners<br />

The Velvet <strong>Magazine</strong> Awards held its annual<br />

celebration recently at The Granary Barns in Woodditton.<br />

Encouraging Velvet <strong>Magazine</strong> readers to vote for<br />

them, businesses received over 10,000 public votes<br />

this year, demonstrating a fantastic display in terms<br />

of public support.<br />

Two hundred local business people gathered together,<br />

entranced by the magical Alice in Wonderland theme, to<br />

find out if they had been voted as a winner in their category.<br />

Cubiqdesign, the company behind Velvet <strong>Magazine</strong> and<br />

<strong>IQ</strong> magazine, specifically designed the event to be different<br />

from other more corporate style awards evenings. Being not<br />

for profit allows the occasion to have a reasonable ticket<br />

price whilst supporting businesses and allowing them bring<br />

along their team. The cabaret style seating encourages<br />

guests to network and socialise rather than have designated<br />

seating. A feast of high-energy entertainment is put on<br />

show, ensuring that the event’s high spirits continue, with<br />

people partying on into the night.<br />

Steve Elsom, Area Director for SME East of England and<br />

host of Star FM’s The Business Hub, was on hand to collect<br />

the sentiment from the winners that evening, asking the<br />

question how the business owners feel the local economy is<br />

impacting on business.<br />

Martha V<br />

Highly Commended for<br />

Women’s Fashion<br />

“My sector is buoyant at the moment. I’m<br />

seeing a lot of footfall in Newmarket and it’s<br />

great to have it back.”<br />

Martha Fraser.<br />

Bedford Lodge Hotel and Spa<br />

Winner First for Hotels, First for<br />

Diet and Fitness and First for Beauty.<br />

“In terms of confidence, we can see growth<br />

in nearly every sector we work with, whether<br />

that be leisure, business or conferencing.”<br />

Noel Byrne.<br />

issue <strong>11</strong> | page 64


<strong>IQ</strong> exposure<br />

Nancy’s Teashop<br />

Highly Commended for Food<br />

“The economy has improved, and people are<br />

wanting to spend money and be in a place where<br />

they can enjoy themselves. We have lots more<br />

bookings, and large parties booking three months<br />

in advance. All in all there is confidence in<br />

spending money again.”<br />

Nancy Clack.<br />

Cambridge BID<br />

“Cambridge is in a bit of a bubble, with<br />

reasonable confidence, and not many empty<br />

shop units, and we feel it’s going to be a good<br />

Christmas.”<br />

Michael Wiseman.<br />

The Pantry<br />

Winner First for Food<br />

“We are seeing a lot more people come<br />

through the door, but not exactly the high<br />

spend. We do, however, see customers<br />

returning 3 or 4 times a week, rather<br />

than just for a special occasion.”<br />

Vincent Wooley.<br />

Newmarket Racecourses<br />

Winner First for a Day/ Evening Out<br />

“East Anglia’s economy, and indeed the UK’s,<br />

is going through a period of growth, and that is<br />

reflected in terms of revenues across the business.<br />

The QIPCO Guineas Festival has shown yearon-year<br />

growth over the last two years, with 2014<br />

being a record for recent years. The Dubai Future<br />

Champions Day had a record number of 10,607<br />

people, which for a Friday is incredibly good.”<br />

Amy Starkey.<br />

issue <strong>11</strong> | page 65


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