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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 />
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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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