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<strong>Issue</strong> <strong>12</strong>: Feb 15 - Apr 15
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<strong>IQ</strong> welcome<br />
welcome to the twelfth 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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Definitely an issue all about<br />
reflection, this quarter we<br />
deliver your quota of local<br />
business news and information<br />
straight to your door. As this<br />
is the first issue of 2015, many<br />
contributors are sharing stats<br />
which collectively highlight the<br />
‘good feeling’ around business,<br />
but which also hint at an edge of<br />
caution. In the second quarter of<br />
2014, we noticed confidence back<br />
to pre-recession 2007 levels. It<br />
appears that businesses are now less willing to be trigger<br />
happy with spending and investment, but still retain a<br />
cautious optimism for the remainder of 2015.<br />
In this issue, a highlight for me was interviewing Dr Indy<br />
Singh from Cathedral Dental. <strong>IQ</strong> magazine aims to inspire<br />
the SME business owner, and his interview certainly does<br />
that. Indy’s self belief, tenacity and expertise in his field<br />
is inspirational. Setting goals is important to his business,<br />
which is a theme also highlighted in Andrew Webster’s article<br />
on page 15. Andrew stresses the importance of forecasting<br />
and reviewing company performance for those wishing to<br />
step it up and drive their businesses’ growth forward.<br />
For those of you who haven’t had the chance to visit the <strong>IQ</strong><br />
website yet, please do, its momentum is at a peak and it’s full<br />
of the latest local business news. If you have any business<br />
news you would like to share, send your information direct<br />
to me at gemma@cubiqdesign.co.uk.<br />
Gemma Treby<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>12</strong> | page 5
<strong>IQ</strong> showcase
<strong>IQ</strong> contents<br />
in this issue<br />
08 Business overview<br />
11 2015: A Year To Grow<br />
<strong>12</strong> New Year, fresh start<br />
15 Growing your business<br />
16 Increasing your profits without just cutting costs<br />
19 The Growing Pains of Success<br />
20 Marketing: the new rules and the ones not to forget<br />
23 Working Together<br />
24 Motoring: A local focus<br />
26 Does your business have what it takes to be award winning?<br />
29 National Award is National Recognition for Suffolk<br />
31 Are you doing enough for your local community?<br />
32 What makes a business an award winning business?<br />
36 The Future of Ecommerce<br />
40 6 Reasons why Productivity is Low<br />
44 One size fits all?<br />
47 Death at the desk<br />
59 The property market<br />
65 That would never happen to us<br />
THe TEAM<br />
John Treby Creative Director | Gemma Treby Editor | Georgie King Editorial<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>12</strong> | page 7
<strong>IQ</strong> business overview<br />
BUSINESS<br />
OVERVIEW<br />
Iq magazine discusses the up and coming<br />
general election and the issues SMEs in<br />
Cambridgeshire and Suffolk are likely to<br />
face this year<br />
More Information<br />
www.iqmag.co.uk<br />
An alarming comment made by one pundit in the<br />
days prior to Christmas suggested the General<br />
Election Campaign would start virtually as soon as<br />
the Champagne corks had popped to welcome in<br />
the New Year. That’s four months of promises,<br />
projections, possibilities – anything to charm<br />
those of us with a vote on 7th May, to put an<br />
X in the right box.<br />
Things have already reached fever<br />
pitch with all politicians’ eyes on<br />
UKIP, former Prime Minister<br />
Tony Blair’s comments that<br />
Labour could probably not win being<br />
rapidly withdrawn, the feud between<br />
the Home Secretary and the Prime<br />
Minister becoming more acrimonious and<br />
the Lib-Dems fading to single figures in the<br />
opinion polls.<br />
Turn to the business pages of the newspapers, though,<br />
and there’s barely a word of dissent. UK growth<br />
figures might have been revised down slightly but are<br />
still the best since 2007, considerably better than any<br />
Eurozone economy. Unemployment is falling and<br />
there is a record number of people in work. Yet, as<br />
the politicians presently jockeying for position never<br />
cease to remind us, much remains to be done.<br />
What does seem to be certain is that it is small<br />
business which will help build lasting recovery and<br />
will bring added prosperity, whatever the outcome<br />
of the General Election in May. When City Link<br />
tragically collapsed on Christmas Day, it was not<br />
some major multi-national which suggested that<br />
it could stage a last-minute rescue, but it was small<br />
businesses up and down the country which suggested<br />
that they may need to take on an extra few drivers<br />
and couriers here and there. And while major<br />
projects, such as HS2, should it ever get built, attract<br />
the headlines, suggesting that 60, 70, 80, 90,000 jobs<br />
might be created, it’s rare for us to hear about how<br />
many jobs have been created in recent years in small<br />
businesses, those businesses which form the backbone<br />
issue <strong>12</strong> | page 8
<strong>IQ</strong> business overview<br />
of employment in Cambridgeshire and Suffolk.<br />
Already, John Allan, national chairman of the<br />
Federation of Small Businesses has talked about<br />
the sea change amongst politicians who are finally<br />
recognising the importance of smaller enterprises.<br />
He highlighted the fact that, in 2014, the number<br />
of small businesses exceeded five million for the<br />
first time. More and more sole traders are taking<br />
on their first employee and a considerable majority<br />
of businesses expect to take on more employees this<br />
year. The number of small businesses exporting is<br />
also rising rapidly, and wages in personal services,<br />
construction and agriculture – all significant sectors<br />
in East Anglia – are on the rise.<br />
Yet, there are problems which need to be addressed.<br />
Businesses drew attention to the scandal of late<br />
payment and to the remarkable revelation by<br />
Premier Foods that they charged companies which<br />
still wanted to be on their preferred supplier list.<br />
That, surely, is one of the most punitive measures a<br />
big business can make against those just starting<br />
out on their way along the rickety road to<br />
riches.<br />
There are things, too, which need to be<br />
addressed in Eastern England. Suffolk<br />
Chamber of Commerce continues<br />
its campaign to cut down on red<br />
tape. It’s something politicians<br />
promise to attack time and time again,<br />
yet progress is sometimes agonisingly slow.<br />
One aspect of this which the Chamber has<br />
highlighted is the Prime Minister’s desire to cut<br />
red tape while the Government puts into place<br />
policy decisions about planning procedures which<br />
actually increase the burden on business. Another<br />
concern highlighted is the overhaul of planning<br />
regulations contained within the National Planning<br />
Policy Framework, with many small businesses<br />
concerned that any new process within the localism<br />
agenda should favour business and economic<br />
development.<br />
While construction on HS2, initially linking<br />
London with Birmingham, could start within a<br />
year or so, there’s pressure to better road and rail<br />
links in eastern England. The New Anglia LEP,<br />
along with the Suffolk Chamber, has been lobbying<br />
for investment into the Great Eastern Main Line,<br />
while upgrades to the A47 continue to top the local<br />
business agenda.<br />
There is, though, a degree of scepticism afoot.<br />
The Chancellor’s Autumn Statement attracted<br />
much fanfare, but John Bridge, chief executive of<br />
Cambridgeshire Chambers of Commerce sought<br />
out a dose of reality, suggesting that many of the<br />
84 roads projects announced for England and<br />
scheduled for completion by 2021 are, in fact, plans<br />
which have already been announced and are merely<br />
being dressed up as a new project. He suggested<br />
that the political rhetoric needs to be tempered<br />
with a sense of reality, mainly focussing on whether<br />
in 2014, the number of small<br />
businesses exceeded five million<br />
for the first time. More and<br />
more sole traders are taking<br />
on their first employee and<br />
a considerable majority of<br />
businesses expect to take on<br />
more employees this year.<br />
these projects will be completed or, indeed, whether<br />
they are ever likely to see the light of day. Again, it<br />
is the long promised A14 improvements which are<br />
on the wishlist.<br />
The sad thing is that, whatever happens in May, not<br />
much will happen before 2016.<br />
Meanwhile, small businesses will continue to do<br />
their bit . . . extremely effectively.<br />
issue <strong>12</strong> | page 9
<strong>IQ</strong> growth<br />
2015: A YEAR TO GROW<br />
John Bridge OBE DL, Chief Executive, Cambridgeshire Chambers of Commerce<br />
highlights the positive statistics from the latest quarterly economic survey<br />
The East of England is a powerhouse of business growth<br />
and indications from the business owners that know their<br />
field the best are that it’s going to continue throughout<br />
2015.<br />
Each quarter the British Chambers of Commerce<br />
publish the results of their latest national Quarterly<br />
Economic Survey, and, for many years, businesses in<br />
the East have been outperforming their counterparts<br />
in other regions across the UK. Q4 2014 has been no<br />
exception.<br />
Here in the East companies have reported increases in<br />
domestic and export sales in both the manufacturing<br />
and service sectors. Companies have confirmed that they<br />
are continuing to grow their workforce, a step that is<br />
reflected in unemployment figures, and there is improved<br />
confidence that turnover and profitability will improve<br />
across the board.<br />
The bottom line is that the East of England is outweighing<br />
national performance, and that’s positive news for<br />
companies across the region. But what does our region<br />
have that others don’t? Convenient transport links to<br />
Europe and connections beyond; some of the world’s<br />
most renowned centres for academic excellence; vibrant<br />
technology clusters and centres for science and innovation;<br />
ambitious and forward-thinking manufacturers and<br />
exporters, and a willingness to collaborate.<br />
Flash back to those days in school where you’d be<br />
instructed, in pairs, to solve a puzzle. You’d frequently<br />
fight over the apparatus, grappling to be the one to say ‘I<br />
did it first’, before eventually pausing to think, and watch,<br />
as your partner sows the seeds that will lead you both to<br />
finding a solution.<br />
Our tactics may be a little more refined nowadays,<br />
but, here in the East, we’re continuing to turn to our<br />
neighbours for advice and input. We’re allowing them to<br />
have a go at fiddling with the puzzle. And together we’re<br />
coming up with the answers that are translating into new<br />
opportunities, creating jobs and generating wealth. For as<br />
long as that continues, businesses across our region will<br />
continue to succeed throughout 2015.<br />
Summary of National Stats<br />
British Chamber of Commerce Quarterly Economic Survey 4th Qtr 2014<br />
• Business confidence in both manufacturing and services<br />
is now higher than 2007 pre-recession levels<br />
• All national domestic balances improved in Q4 v Q3,<br />
remaining strong by historical standards<br />
• The manufacturing balance for export sales rose from<br />
16% in Q3, to 26% in Q4. However, it is still lower than<br />
the first two Qs of 2014<br />
• The strongest Q4 export balances were in the<br />
East, with the weakest manufacturing net balance in<br />
Scotland<br />
• Within the manufacturing sector, all firms surveyed in<br />
the East had tried to hire in Q4.The East also had the<br />
highest % of firms in the service sector that tried to<br />
recruit in Q4<br />
• In the service sector, the % of firms stating they were<br />
operating at full capacity remains unchanged at 46%,<br />
1% below the all-time high in 1997<br />
• In the manufacturing sector, worries over inflation rose<br />
sharply, as did exchange rate and competition worries.<br />
Things were slightly more stable in the service sector,<br />
with competition worries falling slightly and interest<br />
rate concern easing<br />
For more information<br />
www.cambridgeshirechamber.co.uk<br />
issue <strong>12</strong> | page 11
<strong>IQ</strong> business planning<br />
New Year, fresh start:<br />
how East of England SMEs can make the most of 2015<br />
Area director for SME Banking for Lloyds, Steve Elsom, summarises businesses<br />
expectations for 2015<br />
More Information<br />
Lloyds Bank, Endeavour House,<br />
Chivers Way, Vision Park,<br />
Histon, Cambridge,<br />
CB24 9ZR<br />
steve.elsom@lloydsbanking.com<br />
@steveelsom1<br />
The start of a New Year is always a natural point for<br />
businesses to reflect on performance, take stock of<br />
their progress and set out their aims and ambitions<br />
for the coming year. With 2014 proving to be such<br />
a strong period in terms of economic recovery,<br />
trading conditions and business activity, how are<br />
UK SMEs feeling about prospects for 2015?<br />
We wanted to speak to firms across the country to<br />
find out how business leaders feel as we move into<br />
the New Year, and gain an understanding of what<br />
they think they can expect for the coming twelve<br />
months. Last July, our Business in Britain report<br />
- a twice yearly snapshot of more than 1,500<br />
business’ expectations for the coming six months -<br />
revealed that overall UK business confidence had<br />
soared to its highest point since the survey began<br />
22 years ago, and firms were confident they would<br />
see a rise in sales, orders and profits. However,<br />
six months on, it would seem that the mood has<br />
changed somewhat, and business leaders are<br />
displaying an increased sense of caution and<br />
reserve for 2015.<br />
In the East of England, overall business<br />
confidence has slipped since July from 57% to just<br />
40%, with more business leaders stating they feel<br />
less optimistic about boosting their orders, sales<br />
and profits. Similarly, the latest report also reveals<br />
that overseas trading appears to be another area<br />
of concern for the East of England business<br />
community. Just 31% of the firms we spoke to<br />
said they planned to increase their exports over<br />
the next six months – a significant decline since<br />
last year’s 57%, with a large part of this decrease<br />
coming down to firms’ expectations for the<br />
Eurozone. Indeed, just 16% of businesses say<br />
they hope to increase trading on the continent.<br />
However, while the top line results might paint<br />
a slightly pessimistic picture on the surface, the<br />
reality is far from it, and actually the East of<br />
England is still displaying a solid rate of output<br />
that looks set to continue, albeit at a slightly more<br />
moderate pace than last year’s record high. For<br />
instance, while expectations for total sales, order<br />
and profits over the next six months may have<br />
dropped, they still remain above the long-term<br />
average for the region. Indeed, over half of the<br />
issue <strong>12</strong> | page <strong>12</strong>
<strong>IQ</strong> business planning<br />
firms we spoke to (53%) anticipate a rise in orders<br />
and sales, in comparison to just 10% and 13%<br />
respectively that expect a drop. This is also reflected<br />
in profits, with almost a half of firms predicting an<br />
uplift during the first six months of the year.<br />
Likewise, firms continue to be relatively upbeat<br />
about recruitment prospects, with almost a third<br />
of businesses (29%) stating that they will increase<br />
staff numbers during the first half of the<br />
year, compared with<br />
just over one in ten<br />
“<br />
while the top line results might paint<br />
a slightly pessimistic picture on the<br />
surface, the reality is far from it, and<br />
actually the East of England is still<br />
displaying a solid rate of output that<br />
looks set to continue<br />
(13%) who said they<br />
planned reductions. In<br />
addition, almost a third<br />
of companies expect<br />
to increase their capital<br />
expenditure, indicating<br />
that they are planning to<br />
ramp up investment as we<br />
move through the first half<br />
of the year.<br />
Taking all of these factors<br />
into consideration, it is clear there is still a lot for<br />
firms to be positive about, and the East of England<br />
business community remains robust. The economy<br />
as a whole is also strong, and falling inflation rates<br />
mean that businesses may be able to enjoy a period<br />
of lower costs and increased consumer spending – a<br />
great opportunity to capitalise on.<br />
Business leaders should also remember that peaks<br />
and troughs in the rate of business activity and<br />
output are completely normal, and something that<br />
can always be expected. Therefore, it stands to<br />
reason that they will go through phases of feeling<br />
more or less confident throughout their business<br />
cycle. Planning ahead and remaining confident will<br />
help ensure firms are in a strong position to handle<br />
any challenges that come their way.<br />
There is also a vast array of support services<br />
available to businesses looking to grow - be it<br />
capital to start a<br />
new venture, hire<br />
purchase facilities<br />
to invest in new<br />
machinery, or invoice<br />
discounting to help<br />
maintain a steady cash<br />
flow. We work closely<br />
with the Government<br />
on a number of their<br />
enterprise initiatives,<br />
including the Funding for<br />
Lending Scheme under which<br />
Lloyds Bank Commercial Banking gives<br />
all customers discounts of 1% for the life<br />
of the loans.<br />
Whatever a business’s situation, now is still the<br />
time to be focusing on growth, and considering all<br />
available expansion opportunities should be high<br />
on the agenda for 2015.<br />
“<br />
issue <strong>12</strong> | page 13
<strong>IQ</strong> growth<br />
GROWING YOUR BUSINESS<br />
In the second in a series of four articles in <strong>IQ</strong> , Websters turns its thoughts to growth and the<br />
importance of forecasting and planning<br />
Once your new business is up and running and past the<br />
start-up phase, your plans will turn to growth. It is often<br />
stated in the business press that most businesses grow by<br />
selling more products to existing customers, so therefore<br />
grow organically; but growth can mean many things, from<br />
doing business better and growing steadily, right through to<br />
more aggressive growth plans which could include merging<br />
or actively looking for other businesses to purchase. In<br />
all cases, forecasting and planning for growth enables<br />
successful business owners to scale up without strangling<br />
their business or running out of cash, so ensuring you<br />
understand and manage your finances is going to be<br />
paramount to your success.<br />
It is very tempting to rush ahead, particularly if you are<br />
over-achieving your initial sales targets, or perhaps have<br />
had a really successful period such as Christmas. Taking<br />
on new staff or premises is always a temptation, but underplanning,<br />
coupled with over investment or over committing<br />
financially, can kill your growing business. That is not to say<br />
you should not adjust your original business plan to take on<br />
board any new opportunities you have, but ‘steady away’<br />
is often the best approach! This approach is particularly<br />
important to those businesses that do not have contractual<br />
agreements. If your contracts are not guaranteed, or if your<br />
upsurges in profit are seasonal or proving to be temporary,<br />
keep an eye on your finances and aim to keep your costs to<br />
a minimum so that you can absorb your profits back into<br />
your business – and then reinvest.<br />
To check THAT your business is ready to go to the next level, review the following points:<br />
Have you looked at all the financial<br />
support options for your forecasts?<br />
Money for growth projects is now<br />
a little easier to find. Organisations<br />
such as your local LEP now have<br />
access to funding and can help<br />
you review if funding is the right<br />
option for your business.<br />
How are your customer, staff<br />
and supplier relationships? Do<br />
you spend time investing in your<br />
relationships with your customers,<br />
suppliers, bankers or staff to help<br />
create confidence in your business,<br />
build in some value and loyalty?<br />
Are you really aware of how your<br />
business is doing? Do you have<br />
financial reporting and forecasting<br />
processes in place that are robust,<br />
up-to-date and under control?<br />
Are you on top of all the legal<br />
and financial responsibilities of<br />
running your business so you have<br />
a steady foundation for a growing<br />
business?<br />
Are you maintaining your business<br />
momentum? Are you confident<br />
that you are focusing on the areas<br />
that are working and investing in<br />
them to help accelerate growth?<br />
Are you and your team reviewing<br />
your company performance<br />
systematically and consistently on<br />
a day-by-day basis? If you read<br />
these figures correctly, you can see<br />
into the future of your company.<br />
This will include profit margin<br />
changes, currency changes,<br />
seasonal dips and growth, risks<br />
and opportunities that could be<br />
on the horizon.<br />
Do you have good processes in<br />
place to ensure that all statutory<br />
compliance matters are dealt with<br />
efficiently and correctly?<br />
MORE INFORMATION<br />
Contact Websters for a free consultation or join one of the free Business Surgeries.<br />
0<strong>12</strong>23 507080 view our events on www.tax.uk.com<br />
issue <strong>12</strong> | page 15
<strong>IQ</strong> business planning<br />
INCREASING<br />
YOUR PROFITS<br />
WITHOUT JUST CUTTING COSTS<br />
James Pinchbeck of Streets Chartered Accountants offers<br />
advice on increasing the bottom line<br />
You would expect an accountant to say ‘Keep your costs down’, whether these<br />
are direct or overhead expenses. You’re probably less likely to find accountants<br />
considering some of the other key areas that can help to improve your profitability.<br />
Focus on core business<br />
Identify your key areas of profitability<br />
and those with an upward trend.<br />
All too often, enthusiasm for new<br />
products and services can distract<br />
from profitable core activity.<br />
Research shows that more successful<br />
businesses focus on core activities.<br />
Cherry pick, rather<br />
than mass market new<br />
customers<br />
When looking for more customers,<br />
focus on characteristics that are<br />
similar to your more profitable,<br />
existing customers.<br />
If you’re looking for new customers,<br />
consider splitting this role between<br />
those in your organisation who are<br />
good at hunting for new customers<br />
and those who are good at looking<br />
after existing ones.<br />
Know your customer<br />
and ensure your<br />
customers know you<br />
Many businesses focus purely on<br />
new customer generation. However,<br />
it is important to maintain a balance<br />
between generating new ones and<br />
servicing existing customers.<br />
Selling to existing customers costs<br />
six times less than selling to a new<br />
customer. It’s important that staff<br />
are fully aware of your products and<br />
the cross-selling opportunities. It’s<br />
equally important to ensure that your<br />
customers are fully au fait with your<br />
products and services. How many<br />
times have you heard the comment<br />
‘I didn’t know you did that’ and, as a<br />
result, a customer has bought from a<br />
competitor?<br />
Ensure you keep up to date with<br />
customer expectations; most business<br />
is lost through indifference.<br />
Spend time on the<br />
business, not just<br />
doing the business<br />
If you’re looking to increase capacity<br />
or improve efficiency, spend time<br />
looking at the way you do business.<br />
It can be surprising how often it’s<br />
possible to achieve increased sales<br />
and profitability without taking<br />
on more people or investing in<br />
additional resources.<br />
Invest in your people<br />
Staffing is often the biggest cost<br />
and the most significant resource.<br />
Consider developing existing staff<br />
and rewarding them with a bonus<br />
scheme, training or better working<br />
conditions. This approach can often<br />
help to reduce employment costs<br />
through improved retention and<br />
reduced absenteeism.<br />
issue <strong>12</strong> | page 16
Outsource<br />
For non-core activities or where<br />
in-house skills are lacking, it may<br />
be more appropriate to outsource<br />
functions. There is a growing trend<br />
for companies to outsource specialist<br />
services where there is a shortage of<br />
technical knowhow, or where the<br />
cost of carrying out the work inhouse<br />
would be prohibitive.<br />
Persistence<br />
It isn’t rocket science, but in most<br />
scenarios the failure to attain one’s<br />
goals is simply the result of a failure<br />
to pursue them. All too often, good<br />
ideas and intentions are lost when<br />
we revert back to old ways and<br />
bad habits. There is much more to<br />
profit improvement than just cutting<br />
costs and increasing prices. Whilst<br />
you might start with gusto on a<br />
programme for increased profit,<br />
it’s surprising how, by giving a little<br />
attention to some of the points<br />
above, a significant difference can<br />
be made to the bottom line of your<br />
business.<br />
Be a supplier of<br />
desire or preference,<br />
not just price<br />
If you’re able to differentiate your<br />
product and service in such a way<br />
that your competitors cannot match,<br />
or to such an extent that customers<br />
specifically seek or request your<br />
supply, then you may be able to gain<br />
by increasing price, and therefore<br />
create a profit margin advantage.<br />
However, if the service or product<br />
you offer is just like your competitors’,<br />
then invariably the buying decision<br />
is all too often down to price, with<br />
ultimately pressure on profit.<br />
Create barriers to<br />
competition<br />
In addition to differentiating the<br />
service or product you offer, the<br />
ability to create something that<br />
gives you a competitive advantage,<br />
especially if you can protect it with<br />
a trade mark, patent or intellectual<br />
property, certainly can help enhance<br />
your margins.<br />
<strong>IQ</strong> business planning<br />
Budget for profit<br />
and review the way<br />
you budget<br />
It’s still quite alarming how many<br />
businesses don’t produce a forecast<br />
or budget unless they have to, say<br />
for a bank or other financial lending.<br />
The importance of a good budget,<br />
along with budgetary techniques<br />
where budgets are reviewed and<br />
action taken to ensure objectives<br />
are achieved, is essential. Probably<br />
more important for best results and<br />
improved profits is the basis used to<br />
produce the budget forecast. Perhaps<br />
one of the best methods is zero<br />
budgeting, where you build a budget<br />
on zero spend up, challenging and<br />
justifying all the spend you make.<br />
Certainly, this approach brings a<br />
fresh perspective and helps to avoid<br />
the budget looking the same, give or<br />
take, each year.<br />
Hopefully, the pointers outlined in this<br />
article will help to trigger some new<br />
ideas for your business and some fresh<br />
thinking. Whether you are mid-year,<br />
or looking at budget forecasting or<br />
profit improvement generally, a useful<br />
adage is, ‘If you carry on doing what<br />
you have always done, you will only<br />
have what you have always had’.<br />
Given the growing sense of growth in<br />
the economy, perhaps now is a good<br />
time to look at how profitable your<br />
business really could be, not least<br />
remembering that ‘Profit is sanity and<br />
turnover is vanity’.<br />
MORE INFORMATION<br />
www.streetsweb.co.uk<br />
issue <strong>12</strong> | page 17
<strong>IQ</strong> showcase<br />
issue <strong>12</strong> | page 18
<strong>IQ</strong> business planning<br />
THE GROWING PAINS OF SUCCESS<br />
Alex Brearley, Managing Director of agb Environmental, celebrates a successful<br />
start to 2015, whilst acknowledging the difficulties of business growth<br />
It’s not every year you look back at<br />
the books and realise you’ve achieved<br />
155% increase in business growth. Yet,<br />
having accomplished just that, Alex<br />
Brearley, Managing Director of the<br />
environmental engineering business<br />
agb Environmental, considers the<br />
most important issues when looking to<br />
expand your business.<br />
Cash Flow<br />
“Increasing turnover means increasing the gap<br />
between paying out and being paid. This has to be<br />
funded, somehow. Moving your business plans from<br />
paper to reality can be challenging, but without<br />
answering your cash flow situation, it seems little<br />
else can be achieved.”<br />
Developing Systems<br />
Ahead Of Time<br />
“You have to have systems. When you are an<br />
SME, you can almost make it up as you go, but<br />
this becomes a major burden when the business<br />
expands, as it takes up a lot of time making loads<br />
of little decisions. You also risk being unfair to the<br />
team. One rule must apply to all of them.”<br />
Opportunity<br />
“Sometimes an opportunity hits you and you have to<br />
act. Be ready for it, as you may only get one chance.”<br />
Sales Balance<br />
“One of the biggest issues I’ve found is balancing<br />
the certainty of sales and the resources to deliver<br />
them. This is especially hard when you are an SME,<br />
as each team member represents a large percentage<br />
increase in resources and overheads. If you wait<br />
until you have the demand, the existing resources<br />
can’t cope, but if you go too early, you risk losing<br />
profitability.”<br />
The Right Team<br />
“Good people are hard to come by, which becomes<br />
more of an issue when you recruit technical specialists<br />
who are in demand. Furthermore, when you are away<br />
from a major population centre, such as London, the<br />
percentages appear not to swing in your favour.<br />
“I’m really proud of the team we have – they’re a<br />
great group of people who are helping to shape the<br />
company culture. And, luck or fortune, either way,<br />
the team has enabled our rapid growth more than<br />
anything.”<br />
Whilst the points above raise areas of<br />
concern and highlight key aspects of<br />
successful business growth, Alex still<br />
considers the biggest challenge to be<br />
that of confidence.<br />
“Business plans look great, and micro<br />
and macro scale economics in your<br />
sector can give you a positive outlook,<br />
but having the confidence is perhaps<br />
the biggest challenge. At the end of<br />
the day, you can’t share the blame if it<br />
goes wrong,” he adds.<br />
“However, this is all offset when<br />
you start ticking off the milestones<br />
as you reach them. As soon as you<br />
set one, you’ve surpassed it and the<br />
next one is in your sights. This sense<br />
of achievement is a real buzz, and<br />
it’s great to share that with the new<br />
team. Growth is hard work, it adds to<br />
your workload significantly. You have<br />
to earn your money day to day, and<br />
then add growth on top… but it is<br />
absolutely worth it!”<br />
More Information<br />
agb Environmental, Newmarket Business Centre, 341 Exning Road, Newmarket, CB8 0AT.<br />
Tel: 01638 663226. www.agbenvironmental.co.uk<br />
issue <strong>12</strong> | page 19
<strong>IQ</strong> marketing<br />
Marketing<br />
the new rules and the ones not to forget<br />
GEMMA TREBY from Cubiqdesign gathers the team’s thoughts on the<br />
marketing trends for 2015<br />
Getting your head around the<br />
latest trends, what’s moving,<br />
what’s shakin’ and what’s right<br />
for your business, is tough work, especially in the marketing<br />
world where there are so many opinions and variables.<br />
Working in a studio which encompasses a mass of marketing<br />
talent, I have gathered the team’s thoughts on the trends<br />
which they feel will play an important role in the SME<br />
marketing strategy this year and ahead. I have also added<br />
in a few old school activities that we really should not forget.<br />
More Information<br />
Follow Cubiqdesign on twitter: @cubiqdesign. www.cubiqdesign.co.uk<br />
issue <strong>12</strong> | page 20
<strong>IQ</strong> marketing<br />
The Modern Consumer<br />
One running theme and topic of conversation, when<br />
we discuss the future, is the heightened expectations<br />
of the modern consumer, who demands a more<br />
personalised communication whilst also wanting<br />
transactions to be smooth and seamless. Brands will<br />
also need to ask less from consumers, but provide<br />
more. Those that do this will benefit from superior<br />
brand awareness, improved conversion rates, better<br />
brand affinity and consumer loyalty. Get your head<br />
around this, and the rest should follow.<br />
Personal Branding<br />
Promoting individuals as experts in their field will<br />
play an important role and is no longer just for the<br />
airy-fairy PR types. PR gets serious and becomes<br />
50% about the business and 50% about the experts<br />
within that business. Sending out highly relevant<br />
information across your platforms and proving that<br />
your business ‘knows its stuff’ will be key to clients<br />
purchasing your product and service. Social media is<br />
a dream for this activity, but the traditional methods<br />
are also very effective and important. Engagement<br />
with the press, and talking to relevant groups, will<br />
pitch your personal brand at the right level.<br />
Micro Targeting<br />
This is a marketing activity I really enjoy, as the<br />
results are clear and ROI easier to evaluate. It’s<br />
delving deeper, getting personal and speaking to<br />
your sales team to ask who is at the top of their wish<br />
list and how we can engage with those individuals.<br />
Getting personal will be something every brand<br />
should be clamouring to do this year. Sending tactile<br />
information which touches the potential client is an<br />
important factor in successful micro targeting. This<br />
is where the sales and marketing functions merge; it’s<br />
a good thing, and you should encourage this if you<br />
want to see your organisation flourish.<br />
Digital<br />
Last year digital accounted for 25% of the marketing<br />
budget, and this year that figure is expected to rise to<br />
33%. How many times have we heard that ‘content is<br />
king’! However, it’s true, and looking at what the content<br />
is, where it sits and what it says is absolutely crucial to<br />
driving the success of your digital strategy. The aim is to<br />
not slip from that first page of Google, and the strategy<br />
for doing that, changes regularly. However SEO is not<br />
the be all and end all, how we convert those visitors into<br />
leads or customers is the ultimate end game. This is<br />
where visitors must have a great online experience with<br />
your brand, made possible through cracking design and<br />
development. Another buzzword to throw out there is<br />
automated marketing. Again, it’s not easy or cheap, but<br />
it’s highly effective. At its best, marketing automation is<br />
software and tactics that allow companies to buy and sell<br />
like Amazon - that is, to nurture prospects with highly<br />
personalised and useful content which helps convert<br />
prospects into customers.<br />
The good old-fashioned mix<br />
Individual marketing activity is part of a mix, and what<br />
the right mix is for your business is the million-dollar<br />
question. When your mix is right, the bottom line<br />
hopefully produces the figure you project. This is where<br />
we see most small businesses struggling, as the bigger<br />
picture fails to be considered; my favourite saying is<br />
‘When you cannot see the wood for the trees’. Sometimes<br />
you need someone to help you do that, so you can get on<br />
with running your business.<br />
Print<br />
Yes, I know some may argue this is old school, but I don’t<br />
totally agree. We see great results from print work, and<br />
brochures are very important for most businesses. Leaving<br />
behind a tactile, creative brochure with key information<br />
after a meeting should not be underestimated. Brochures<br />
can reach the right person’s desk far more effectively than<br />
a link to a website. Savvy clients will consider having their<br />
very own seasonal publication; this enables them to push<br />
their desired message whilst offering a lifestyle read. This<br />
can also help tick the ‘personal branding’ box.<br />
issue <strong>12</strong> | page 21
<strong>IQ</strong> business <strong>IQ</strong> showcase planning<br />
WORKING TOGETHER<br />
Kelly Baxter, PR Executive at Cubiqdesign,<br />
highlights the importance of using local suppliers<br />
“Made in England”, “Locally<br />
Sourced” and “Buy Local” are all<br />
terms used for PR and sales strategies<br />
across a wide variety of industry<br />
sectors. In the food sector, we have<br />
already become accustomed to<br />
buying locally sourced food and are<br />
even willing to pay more to know our<br />
money is going back to the farmers,<br />
butchers and bakers in our region.<br />
Grocers look to local sourcing to meet<br />
environmental and ethical demands,<br />
and also reap many benefits, including<br />
shorter supply chains, lower delivery<br />
costs and faster reaction times.<br />
So what can this mean for your<br />
business? Can you guarantee the<br />
same quality of service you’ve come<br />
to expect from large, national chains?<br />
And what’s in it for you?<br />
It goes without saying that by investing<br />
back into the local economy you’re<br />
helping to stimulate the economic<br />
growth in your region, thus bringing<br />
more business to the area in the<br />
long term. Research on spending<br />
by local authorities shows that for<br />
every £1 spent with a small or<br />
medium-sized business, 63p stayed<br />
in the local economy, compared to<br />
40p with a larger business. What all<br />
this amounts to is something called<br />
the local multiplier effect. That is,<br />
spending your money at independent<br />
businesses begins a cycle in which<br />
those businesses then spend their<br />
money at local shops, and so on. Big<br />
chains, on the other hand, often take<br />
local money and send it to corporate<br />
headquarters for redistribution. After<br />
all, isn’t a thriving local economy what<br />
we’d all like to see?<br />
Its benefits also extend to housing<br />
prices. According to a recent study,<br />
high streets populated with thriving<br />
independent businesses boost the<br />
prices of nearby homes. The research<br />
by American Express found that, over<br />
the past decade, house prices near a<br />
prosperous town centre have risen by<br />
an average of £40,000 more than<br />
other properties.<br />
Working within close proximity<br />
of your suppliers can dramatically<br />
reduce delivery and distribution costs,<br />
and also strengthen the relationship<br />
you have with one another. Regular<br />
contact and face-to-face meetings<br />
help to establish strong, reliable<br />
relationships that can benefit your<br />
business greatly in the long run.<br />
This is also particularly attractive<br />
for businesses that work on a Just-In-<br />
Time basis.<br />
Another factor to consider is, that<br />
by using a local supplier, you are<br />
probably already aware of their<br />
reputation or know someone who is.<br />
If you are considering using a new<br />
supplier, ask around and see if others<br />
would recommend them, check how<br />
long they have been established, and<br />
if they are financially secure. From<br />
a PR angle, promoting your use of<br />
local suppliers and investing in the<br />
community will strengthen your<br />
company’s appeal and reputation.<br />
Local suppliers are particularly<br />
beneficial to SMEs, as highlighted by<br />
John Treby, Director of Cubiqdesign:<br />
“Wherever we can, we tend to support<br />
local suppliers for a number of<br />
reasons. On occasions, a face-to-face<br />
meeting is really needed, and using<br />
local suppliers makes the process<br />
quicker and easier. We also find that<br />
by building long-term relationships<br />
with local suppliers, we can pass<br />
out recommendations on services<br />
outside our remit, and also receive<br />
referrals coming into us. We work<br />
with companies across the UK and<br />
in Europe, but our core suppliers are<br />
probably within a 50-mile radius of<br />
our location, so sourcing local works<br />
for us.”<br />
Using local suppliers will not be<br />
right for every business. Ultimately<br />
the factors you should look for when<br />
selecting those with whom you do<br />
business are reliability, quality, value<br />
for money, good communication,<br />
financial security, and the potential to<br />
develop a strong partnership.<br />
But, as John points out, “There have<br />
been occasions when we have seen<br />
a really great supplier, but we have<br />
turned down their services due to<br />
lack of proximity. There was a really<br />
great accountancy firm specialising in<br />
our field, but the disadvantages of not<br />
being able to ‘pop in’ and the lengthy<br />
commute to London outweighed<br />
the benefits.”<br />
issue <strong>12</strong> | page 23
<strong>IQ</strong> showcase<br />
Robinsons Mercedes-Benz Showroom, Cambridge.<br />
Motoring:<br />
A Local Focus<br />
Robinsons Group Marketing Manager,<br />
Lyndsey Pollard, discusses the<br />
importance of local promotion after<br />
troubling times in the trade<br />
More Information<br />
www.robinsonsmotorgroup.com<br />
Article by Georgie King<br />
With tough financial woes having cast<br />
a shadow on the motoring industry in<br />
recent years, the stability of the trade<br />
has been questioned time and time<br />
again as we saw yet more dealerships<br />
closing across the region, and<br />
manufacturing moving overseas.<br />
Yet, despite a drop in forecourt sales,<br />
the industry appears to have remained<br />
more resilient than first thought, with<br />
an increase in the aftersales market.<br />
As it grew 6.3% in value to £8.97bn<br />
in 2011, marking a 7% increase in<br />
real terms between 2008 and 20<strong>12</strong>,<br />
the apparent decline in the motoring<br />
industry may have not been as bad as<br />
it first seemed.<br />
So why did we see many dealerships<br />
shut shop and retreat from our region?<br />
We caught up with one of East Anglia’s<br />
leading motor groups, Robinsons, to<br />
find out why they continued to fight<br />
the recession, and invest heavily in<br />
new areas of the business.<br />
“In recent years we have invested<br />
in marketing to a greater degree to<br />
ensure the brands that we represent<br />
are promoted within our area of<br />
influence, reaching both customers<br />
and conquests alike,” explained<br />
Robinsons Group Marketing<br />
Manager, Lyndsey Pollard.<br />
“Although our manufacturing<br />
issue <strong>12</strong> | page 24
<strong>IQ</strong> showcase<br />
partners have always supported us<br />
with national marketing activity, it<br />
remains important for us to develop<br />
our own marketing strategy to build<br />
our local presence and adopt a<br />
differentiated approach. This has<br />
always been our focus, and the last few<br />
years have proven key to pushing our<br />
local appeal.”<br />
Having launched a brand new<br />
publication for Mercedes-Benz in the<br />
height of the recession, Robinsons<br />
Motor Group has continued to push<br />
its local presence and has reported the<br />
benefits of such targeted marketing.<br />
“Our decision to move towards a<br />
lifestyle magazine came when we<br />
felt we were missing a trick to not<br />
associate our products with lifestyle<br />
messages and other high end products.<br />
Although it was a fair investment,<br />
we certainly feel the benefit of our<br />
Robinsons Mercedes-Benz <strong>Magazine</strong>,<br />
now in its 8th issue,” added Lyndsey.<br />
“We consider our magazine key in<br />
creating leads for us to convert into<br />
sales during March and September,<br />
our busy plate change months.<br />
Customers bring our magazine into<br />
our showrooms and tell us about it as<br />
their source of enquiry.<br />
“It showed a good response straight<br />
away from the first issue; after 4<br />
weeks of the magazine being out, we<br />
recorded 11 sales entirely from the<br />
magazine, where people downloaded<br />
and presented the voucher offer we<br />
promoted inside.”<br />
John Treby, director of Cubiqdesign,<br />
the creative agency behind the<br />
Robinsons Mercedes-Benz <strong>Magazine</strong><br />
commented, “When Robinsons<br />
shared the ROI figures we were<br />
delighted; to be working with such a<br />
prestigious brand is very exciting for<br />
us. Increasing marketing spend when<br />
competitors are retracting is a brave<br />
but very successful move which applies<br />
to many industry sectors.”<br />
Now, with analysts forecasting a<br />
positive outlook for UK car dealers in<br />
2015, things are finally looking positive<br />
for the industry, although, admittedly,<br />
that’s assuming there will be a modest<br />
organic volume of growth.<br />
The sector outperformed 2014<br />
expectations by 25%, yet analysts are<br />
now predicting stability and modest<br />
pressure on pricing across the core<br />
markets, which is thought to slow<br />
dramatic progression.<br />
Still continuing to push ahead with<br />
its marketing plans and new areas of<br />
focus, Robinsons is getting ready once<br />
again for a dynamic marketing drive<br />
on a local level. Investing heavily in<br />
The latest edition of Robinsons<br />
Mercedes-Benz <strong>Magazine</strong>.<br />
its marketing team this year, it would<br />
appear more is yet to come.<br />
“To enable us to implement our<br />
strategy, we have grown our marketing<br />
team, bringing some resource and<br />
expertise in-house which historically<br />
has been outsourced,” revealed<br />
Lyndsey. “The decision is a key<br />
investment into future plans, and one<br />
that we are certain to benefit from in<br />
the long term.”<br />
Now following a surge in PCP sales,<br />
which currently accounts for 80% of<br />
new car retail registrations, it would<br />
appear that the industry is due to face<br />
further changes in both marketing<br />
strategies and sales.<br />
So the question remains as to whether<br />
2015 marks the end of troubling times<br />
for the trade, or whether it simply<br />
diverts attention to customer retention<br />
and repeat business; only time will tell.<br />
issue <strong>12</strong> | page 25
<strong>IQ</strong> exposure<br />
Rosa dos Santos,<br />
NDCC and the team at<br />
Cubiqdesign - Business<br />
of the Year Award<br />
DOES YOUR BUSINESS HAVE WHAT IT TAKES TO BE<br />
AWARD WINNING?<br />
Mike Robinson of the NDCC highlights the<br />
benefits of having an award winning business.<br />
Suzanne Pearson (left)<br />
and Helen McGaffin<br />
- Sharing Parenting -<br />
Judges Award for Small<br />
Business and Apprentice<br />
of the Year Award<br />
The NDCC Business Awards Night is again being staged at the Granary Barns, Woodditton, on Friday 5th June 2015.<br />
issue <strong>12</strong> | page 26
<strong>IQ</strong> exposure<br />
Does the cliché ‘award winning’ actually<br />
mean anything?<br />
Does it really represent achievement or recognition or<br />
it is just a nice addition to the dodgy reception area art<br />
that, in Newmarket, is inevitably dominated by pictures<br />
of racehorses, jockeys and owners, all grinning in equal<br />
measure?<br />
Interestingly, although Newmarket’s dominant industry<br />
is equine-centric, the District Chamber of Commerce’s<br />
Business Award archive shows that although there have<br />
been entrants and constant support, there has not yet<br />
been an outright winner from this sector. 2015 may, of<br />
course, be different.<br />
Newmarket & District Chamber of Commerce<br />
membership extends across what is effectively Forest<br />
Heath District Council’s patch, and encourages Business<br />
Award submissions from the whole area, not just the<br />
largest town.<br />
“This area is not just about the equine industry,’ says<br />
Chairman, Graham Abbey. “We have a wide range of<br />
businesses from those associated with the commercial<br />
aircraft and motor industries, construction, leisure, retail<br />
and the entire service sector.<br />
“Nominations are generated across the board. They come<br />
from owners, employees and frequently from customers<br />
who feel that good service should be recognised.”<br />
The NDCC’s Business Award categories are vetted<br />
regularly and this year the sub-group is headed by Oliver<br />
Shevki whose company, Convergence Communications,<br />
is a previous winner.<br />
“While many of the traditional categories have been<br />
retained, we’ve introduced new areas to reflect changing<br />
trends like ‘Product of the Year’ and ‘Creativity in<br />
Business’.<br />
“In total, there will be a dozen sponsored categories.<br />
Sponsorship is another way in which local businesses<br />
can become involved and support the local business<br />
community at the same time as gaining valuable<br />
publicity.”<br />
In 2013, Suzanne Pearson’s ‘Sharing in Parenting’ won<br />
two awards, ‘Apprentice of the Year’ and ‘Small Business<br />
of the Year’. Suzanne said, “Getting the Judges’ Award<br />
for Small Businesses was such a surprise and felt like a<br />
real achievement for the business. It helped us and others<br />
Noel Byrne, Bedford<br />
Lodge Hotel - winner of<br />
the Business Person of<br />
the Year Award<br />
to see that what we do is worthwhile for parents and<br />
communities.”<br />
Cubiqdesign, publishers of this magazine, were major<br />
winners with the ‘Business of the Year Award’ and<br />
‘Effective Use of Marketing’ which the judging panel<br />
said was recognition that a ‘flourishing local business can<br />
compete in the national marketplace’.<br />
Gemma Treby insists that the award was additional<br />
recognition for the entire Cubiqdesign team. “Business<br />
Awards are important marketing tools, trophies of<br />
which to be proud, but most importantly they are<br />
an acknowledgement by the business community,<br />
competitors and peer groups that you are a serious<br />
player.”<br />
Noel Byrne, Chief Executive of Bedford Lodge Hotel,<br />
was awarded 2013’s NDCC Businessman of the Year<br />
Trophy. “Business Awards are important for both<br />
individuals and organisations. At a personal level, they<br />
are professional recognition that you and your team are<br />
getting the job right; they are also recognition by your<br />
peers, both locally and within your industry, which is<br />
always an honour. It is truly a reflection on all the hard<br />
work of the team and their ability to stay focused on the<br />
goals ahead and keep raising the bar.<br />
To enter or sponsor contact:<br />
Claire Elbrow, NDCC on 01638 731513, or follow the latest details on:<br />
www.newmarketanddistrict.co.uk/businessawards2015<br />
issue <strong>12</strong> | page 27
Follow Cubiqdesign on twitter twitter.com/cubiqdesign<br />
For more information please visit our website<br />
or email gemma@cubiqdesign.co.uk<br />
info@cubiqdesign.co.uk | 01638 666432<br />
www.cubiqdesign.co.uk
<strong>IQ</strong> exposure<br />
National Award is National<br />
Recognition for Suffolk<br />
Suffolk Chamber Of Commerce celebrates its achievements at the annual Chamber Awards<br />
The leaders of Suffolk Chamber of<br />
Commerce have said that the recent<br />
award they collected at a national<br />
ceremony in London is ‘national<br />
recognition for everyone in Suffolk.’<br />
The Chamber picked up the “Most<br />
Effective Campaigning” Award at<br />
the British Chambers of Commerce’s<br />
annual Chamber Awards, which were<br />
announced in a ceremony at the<br />
Tower of London.<br />
Suffolk Chamber led the campaign<br />
against the plan to use tolls to help<br />
fund key improvements to the A14<br />
around Huntingdon; these tolls<br />
were widely viewed as imposing an<br />
unfair and damaging burden on the<br />
economy of Suffolk. A free-flowing<br />
A14 is of fundamental importance<br />
to the economic infrastructure and<br />
future success of Suffolk, a county<br />
that is home to 730,000 people, which<br />
delivers 305,000 jobs, and which has<br />
an economy worth £<strong>12</strong>.6 billion every<br />
year.<br />
“It was a great honour for the<br />
Chamber to collect this award on<br />
behalf of partners and colleagues who<br />
supported the Chamber-led No Toll<br />
Tax on Suffolk campaign,’’ said John<br />
Dugmore, the Chief Executive of<br />
Suffolk Chamber of Commerce. “No<br />
Toll Tax on Suffolk was a powerful<br />
campaign that was underpinned by<br />
the drive and support from a host of<br />
partners – our MPs, Local Authorities,<br />
Local Enterprise Partnership, business<br />
groups and most importantly the<br />
L-R John Dugmore, Chief Executive, Suffolk Chamber/ Sarah Howard, President Suffolk<br />
Chamber/ Danny Longbottom, BT Business & Stephen Britt, Chairman, Suffolk Chamber<br />
Transport & Infrastructure Board.<br />
business community, from across<br />
our great county. That is what made<br />
the difference, and that is why we’re<br />
delighted to be awarded such a great<br />
national prize.”<br />
The No Toll Tax on Suffolk campaign<br />
was raised at local, regional and<br />
national level, including local MP<br />
Therese Coffey meeting with the<br />
Prime Minister; representatives of the<br />
group meeting with the Secretary of<br />
State for Transport; and the Suffolk<br />
Chamber Chief Executive directly<br />
asking George Osborne to scrap the<br />
plans.<br />
“There is no doubt the Government’s<br />
plans to toll the A14 would have been<br />
a direct tax on business in our county,”<br />
said Stephen Britt, the Chairman of<br />
the Suffolk Chamber Transport and<br />
Infrastructure Board, who was also at<br />
the Awards in London. “That is why<br />
the campaign gained so much support.<br />
There was, and is, no national strategy<br />
for tolling roads, and penalising<br />
drivers to come in and out of a county<br />
that is a positive contributor to the UK<br />
plc made no sense at all.”<br />
A study commissioned from Ernst and<br />
Young by Suffolk County Council in<br />
collaboration with Suffolk Chamber<br />
as part of the campaign, concluded<br />
that “as a trade and distribution hub<br />
with a growing population, Suffolk<br />
depends on the quality and free flow<br />
of physical transport infrastructure”<br />
and “the end of congestion on the<br />
A14 could generate c£362 million in<br />
annual GVA and create up to 7,100<br />
jobs in Suffolk”.<br />
Because of ‘No Toll Tax on Suffolk’<br />
the potential for these figures from<br />
the Ernst and Young report can be<br />
achieved following the upgrade to the<br />
A14.<br />
issue <strong>12</strong> | page 29
AVOID<br />
THE QUEUES<br />
Pre-register for your<br />
free entry and free<br />
parking NOW<br />
East Anglia’s Premier Business to<br />
Business Exhibition Championing<br />
Business Growth in the Region<br />
Stands are now available to<br />
book at The Anglia Business<br />
Exhibition, East Anglia’s<br />
largest and best Business to<br />
Business Exhibition. Taking<br />
place at Trinity Park (Suffolk<br />
Showground) Ipswich on<br />
Wednesday 6th May 2015, the<br />
event this year is even bigger<br />
and better than before with<br />
more exhibition space and<br />
attractions, developing and<br />
growing significantly over the<br />
last 20 years to become the<br />
most important business to<br />
business event to be seen at.<br />
The event is free to attend and<br />
offers a wealth of opportunity,<br />
advice and information crucial<br />
for ongoing business growth<br />
within a challenging economy.<br />
The event welcomes<br />
businesses from a crosssection<br />
of industries, large<br />
and small, with support from<br />
some of the regions leading<br />
businesses, making it a great<br />
place to do business.<br />
The exhibition will also benefit<br />
this year from a new Property,<br />
ANGLIA BUSI-<br />
NESS EXHIBI-<br />
2015. This new satellite show will<br />
TION<br />
Home and Investment Show, an<br />
exciting and brand new event for<br />
showcase some of the leading<br />
property, home and investment<br />
opportunities in the area.<br />
How to book:<br />
Businesses are invited to<br />
book their stand via www.<br />
angliabusinessexhibition.com<br />
The only requirement is that you<br />
are members of one or both of<br />
the organisations staging<br />
the event: Ipswich & Suffolk<br />
Small Business Association<br />
(ISSBA) or Suffolk Chamber of<br />
Commerce. You will need to<br />
have your ISSBA or Chamber<br />
login ID, your public liability<br />
insurance number, and your<br />
payment card to hand when<br />
making the booking. Don’t’<br />
worry if you are not an ISSBA or<br />
Suffolk Chamber of Commerce<br />
member you can join and<br />
membership starts from as little<br />
as £42 inc VAT per year.<br />
Over 200 Exhibition Stands All Under One Roof<br />
Some areas already sold out!<br />
1500+ Visitors<br />
Your Opportnity to Make Contact with Key Decision Makers<br />
Business Networking Area<br />
Strategic Partner and Sponsors ‘Key Note Speaker’ Breakfast<br />
The Chill Out Zone<br />
Specialist Clinics<br />
Special ‘One Day Exhibition Offer Packages’<br />
Catering and Refreshements<br />
Free Entry<br />
Ample Parking
<strong>IQ</strong> community<br />
Are You Doing Enough For<br />
Your Local Community?<br />
Kelly Baxter, PR Executive at Cubiqdesign evaluates why your business should be<br />
involved in local projects and initiatives<br />
Company culture is a very important factor in running a<br />
successful business. The way your employees feel and the<br />
overall impression your brand generates to the public is<br />
critical to your survival, so what can you do to ensure you<br />
get it right? By getting involved with community projects<br />
you are able to:<br />
engage<br />
your<br />
employees<br />
Have a<br />
positive<br />
impact<br />
on your<br />
community<br />
Gain operational<br />
benefits e.g. offer<br />
apprenticeships that<br />
can not only help<br />
you, but will reduce<br />
unemployment in your<br />
local region<br />
Build a good<br />
reputation so<br />
that clients and<br />
potential employees<br />
will want to work<br />
with you<br />
Multiple surveys suggest that a<br />
company with strong Corporate Social<br />
Responsibility (CSR) policies have<br />
“happier” and “better” employees, as<br />
job satisfaction is increased and they<br />
are able to attract high quality talent.<br />
Encourage your employees to partake<br />
in volunteering projects; they’re an<br />
altogether worthwhile and fulfilling<br />
experience which will not only allow<br />
your employees to make a difference<br />
in your community, but will also result<br />
in greater job satisfaction. Examples<br />
include guest speaking at schools and<br />
colleges to inspire the next generation;<br />
helping out at a local charity<br />
organisation; or even supporting your<br />
staff to become Special Constables<br />
through an Employer Supported<br />
Policing (ESP) scheme.<br />
There are several such initiatives<br />
taking place in our region. Over the<br />
past five years, staff at MedImmune<br />
Biotechnology Company based in<br />
Cambridge have made more than 50<br />
visits to local schools where they use<br />
models and concepts to explain their<br />
research work to children as young as<br />
four. MedImmune also supports wider<br />
community-based initiatives such as<br />
the Society of Biology’s ‘Big Biology<br />
Day’ at Hills Road Sixth Form College<br />
and the annual Cambridge Science<br />
Festival, as well as supporting staff who<br />
want to get involved in local charity<br />
initiatives.<br />
HMP Highpoint holds regular<br />
Employer Engagement Events, the<br />
most recent of which took place in<br />
January, encouraging local businesses<br />
to network and take part in a ‘Breaking<br />
the Cycle’ initiative that aims to reduce<br />
reoffending through partnerships with<br />
local businesses.<br />
Newmarket Festival promotes<br />
Newmarket’s economy through a<br />
series of community based events,<br />
including QIPCO Guineas Preview<br />
Lunch, Newmarket Hilly Cycling<br />
Sportive, the July Festival Ball, and an<br />
Equine Professionals Conference. The<br />
Festival also organises a community<br />
awards evening that offers four shortlisted<br />
charities the chance to win<br />
£500 - £2,000. It is also developing<br />
a scholarship and intern programme<br />
to offer fixed-term placements to<br />
candidates aged 18-25 at local<br />
businesses across the region.<br />
If you are reading this as a manager<br />
or CEO, and are wondering if there<br />
is more that your company can be<br />
doing to help your community, why<br />
not visit the following links to give<br />
you some ideas. After all, clients will<br />
want to work with companies who are<br />
focused on developing a better world,<br />
and employees will want to work for a<br />
brand that gives back.<br />
www.thenewmarketfestival.co.uk | www.do-it.org.uk<br />
www.newmarketanddistrict.co.uk/newmarket-vision-project | www.cambridgebid.co.uk<br />
www.cambridgeahead.co.uk | www.ourburystedmunds.co.uk<br />
issue <strong>12</strong> | page 31
<strong>IQ</strong> showcase<br />
What makes a business<br />
an award winning business?<br />
Gemma Treby interviews Dr Indy Singh, owner of<br />
Cathedral Dental, a multi-award-winning dental practice<br />
Cathedral Dental is a dental practice based in Bury<br />
St Edmunds. Launched in 2008, it offers a whole<br />
range of general dental treatments. In addition, it<br />
provides more specialist treatments including cosmetic<br />
dentistry, teeth whitening, implant dentistry, teeth<br />
straightening and many other treatments. In 6 years,<br />
Indy has increased the profitability of his business<br />
by 40%, as well as winning a multitude of<br />
national and local business awards … making him<br />
the one to watch!<br />
issue <strong>12</strong> | page 32
<strong>IQ</strong> showcase<br />
When you launched your business, did<br />
you have a clear business plan with<br />
goals and objectives?<br />
When I bought the practice in 2008 I was very naïve,<br />
and if I am honest, I didn’t really know what I was<br />
doing. I read a few books about running a business<br />
and thought to myself that it seemed pretty easy, so<br />
I bought a dental practice and gave it a go. Once it<br />
was open, I realised how difficult running a business<br />
actually is, and it took me at least three years to find<br />
my feet.<br />
Once I got to grips with things, I realised how<br />
important it is to have goals. If you don’t know<br />
where you’re going, how are you going to get there?!<br />
I worked with a business coach to set my goals, and<br />
once I’d done that, the business really took off.<br />
I have some ultimate goals which I’m aiming for, and<br />
working backwards from that, I have set 5 year goals,<br />
yearly goals, 90 day goals and also daily goals.<br />
I believe that when you set your goals, you have to set<br />
them big. One of my ultimate goals is to create the<br />
most successful dental brand and group of practices<br />
in the world.<br />
Are you on track to achieve<br />
your ultimate goal?<br />
I am about 6 years into my 30 year plan, and I<br />
think I’m more or less on track. All businesses<br />
have their ups and downs which can throw<br />
you off track, such as staff leaving, competitors<br />
opening and so on. When this happens I just<br />
deal with it and change plans accordingly.<br />
What has been the hardest thing about<br />
running a successful business?<br />
Running a business is really hard. I could write a<br />
whole book in answer to this question, but I’ll keep<br />
it short. One of the hardest things is the amount of<br />
time you have to put in - late nights, early mornings,<br />
weekends... Getting the work/life balance correct is<br />
tough.<br />
If you could turn back the clock to the<br />
beginning, would you change anything?<br />
No, I wouldn’t change anything. It’s been a<br />
great journey so far and even though I’ve made<br />
loads of business mistakes along the way, I have<br />
considered them to be learning experiences.<br />
The three lessons I’ve learnt are, first of all,<br />
if you want to be successful you’ve got to love<br />
what you do. If you don’t have passion for your<br />
industry or your business, then it just won’t<br />
work. Why do something every day that makes<br />
you miserable? If you’re not having fun, then<br />
what’s the point? Also, you’ve got to be prepared<br />
to graft. You have got to put in the hours.<br />
Finally, self-belief is so incredibly important,<br />
because if you don’t believe you can achieve<br />
a vision or a goal, then you won’t even start<br />
to do the work needed to achieve that vision or<br />
that goal.<br />
Which award has been<br />
the most prestigious and<br />
important one to you?<br />
Winning the 2013 Best UK Marketing Strategy<br />
at the Dentistry Awards was huge - a bit like<br />
the Oscars for Dentistry. There are over 10,000<br />
dental practices in the UK, so to beat everyone<br />
else was some achievement. In that year we also<br />
won Best Team in the East of England. We also<br />
won the Velvet <strong>Magazine</strong> Awards for Healthcare<br />
in 20<strong>12</strong> and 2014. The Velvet awards are the<br />
ones that I am most proud of as they were voted<br />
for by our patients and customers. At the end of<br />
the day the most important thing is what your<br />
customers think of you, so for them to take the<br />
time out to vote for us meant a lot to me.<br />
issue <strong>12</strong> | page 33
<strong>IQ</strong> showcase<br />
issue 10 | page 34
<strong>IQ</strong> showcase<br />
What sets you apart from the rest and<br />
has helped you win those awards?<br />
I just do my own thing and I don’t look at what my<br />
competitors are doing. I have just tried to create a<br />
dental practice that I would love to go to. Due to<br />
this, I feel we tend to be a bit different, so we stand<br />
out from the competition. We also use an amazing<br />
marketing company, Cubiqdesign, and this has<br />
definitely helped in winning the UK award.<br />
What role has the team played in<br />
the winning of awards?<br />
The team has played a major part in winning<br />
the awards. You can’t do everything by yourself,<br />
so it’s important to surround yourself with a<br />
great team. The team is very proud that we<br />
have won awards. It’s given them a great morale<br />
boost, and they get a buzz from working in an<br />
award-winning business.<br />
Would you consider your team to<br />
be a motivated one?<br />
As dentistry is essentially a service industry, it’s really<br />
important that the team is happy. If people come to<br />
see us and everyone on the team is grumpy, it reflects<br />
really badly, and it’s unlikely anyone will come back.<br />
Motivating a team and keeping everyone happy is<br />
hard, and it’s a constant, ongoing process. The first<br />
stage is getting the right people in. We recruit by a<br />
person’s personality and attitude. If someone has the<br />
right attitude, get them in; you can always teach them<br />
the skills of the jobs later.<br />
We have regular meetings with the team and are<br />
always talking to them. From this we can see what<br />
problems are occurring and then make changes. I find<br />
that if the team can see that we value their opinion,<br />
it keeps them happy and motivated. We also have<br />
various bonus systems in place which gives everyone<br />
something to work towards. This improves teamwork<br />
and ultimately keeps everyone motivated.<br />
If all else fails, then the best thing I can do to keep<br />
everyone happy is to buy them cakes or biscuits or<br />
chocolate every week. Don’t scrimp either, the posher<br />
the cakes are, the happier the team are!<br />
What kind of a leader are you?<br />
I suppose I’m quite a laid back leader. I find if you<br />
don’t micro-manage your team and allow them a bit<br />
of freedom to do their job, you get amazing results.<br />
I have a practice manger in place who does all the<br />
human resources and takes care of the day-to-day<br />
running of the practice.<br />
What do the next 5 years<br />
hold?<br />
I have big plans for the next 5 years, and want to<br />
grow the business considerably. I have hundreds<br />
of ideas, and it’s just a case of finding time to<br />
implement them.<br />
This year we are extending the existing building<br />
too, so it will have 4 surgeries. Once this is done,<br />
it will be a case of increasing patient numbers so<br />
the practice is running to 100% capacity with<br />
all 4 rooms fully booked and running 6 days per<br />
week.<br />
After this, it will be a case of setting up the next<br />
practice and repeating the process over again.<br />
The practice is the busiest it has ever been,<br />
and our appointment books are full for about 6<br />
weeks. This is the result I will aspire to for all my<br />
practices in the future.<br />
More Information<br />
Cathedral Dental, 15 Angel Hill, Bury St Edmunds, Suffolk IP33 1UZ.<br />
Tel: 0<strong>12</strong>84 705637. www.cathedraldental.co.uk<br />
issue <strong>12</strong> | page 35
<strong>IQ</strong> ecommerce<br />
The Future of<br />
Ecommerce<br />
Chris Butterworth, Senior Developer at Cubiqdesign,<br />
discusses the online trends for 2015.<br />
Last year saw e-commerce retailers<br />
and marketers taking tips and tactics<br />
from product development with the<br />
use of user experience making it<br />
easier for a user to buy a product, a<br />
trend which is set to continue this<br />
year. With this in mind, more and<br />
more companies will have the budget<br />
to undertake user research and create<br />
the perfect platform for their target<br />
audience.<br />
Along with user experience, 2015<br />
will see a push towards contextual<br />
marketing. Contextual marketing is<br />
data-driven marketing which uses<br />
data gathered from user behaviour<br />
and profiling. Gathering this data can<br />
be easy; web analytics go a long way to<br />
help with it, can be easy to set up, and<br />
will track any user visiting the website.<br />
KISSMetrics, Google Analytics and<br />
Piwik are all examples of analytics<br />
giving varying levels of data. Other<br />
data that analytics can’t tell you, such<br />
as age and interest, can be gathered<br />
via social media and through forms<br />
that would allow a user to find out<br />
more about your products.<br />
This data allows you to deliver<br />
personalised and relevant content at<br />
the right place and at the right time.<br />
Even without contextual marketing,<br />
any analytics you gather can help<br />
find where people are dropping, and<br />
allow you to research why, so you can<br />
improve this.<br />
With most of the public now owning<br />
a super computer in their pockets,<br />
and mobile traffic skyrocketing over<br />
the past couple of years, 2015 will<br />
see a shift in the balance with more<br />
and more traffic coming from mobile<br />
devices. This means that companies<br />
will have to step up their game and<br />
start to create sites that are friendly<br />
for all devices, thereby allowing<br />
prospective customers to be able to<br />
access websites on any device. These<br />
websites should look perfect, and offer<br />
customers the optimal experience and<br />
journey when purchasing a product.<br />
Mobile e-commerce - known as<br />
m-commerce - is growing like wildfire,<br />
with traffic soaring and services like<br />
ApplePay offering more options<br />
to pay for items. This means that<br />
m-commerce is likely to grow, with<br />
more payment options surfacing to<br />
offer users more and more ways in<br />
which to buy an item on their phones<br />
wherever they are, regardless of<br />
connection, and the ability to do so<br />
securely.<br />
Forrester, the well known researchers,<br />
predicts that next year will be the year<br />
of globalisation, with more and more<br />
shoppers being abroad and speaking<br />
another language. If you have the<br />
option of international shipping and<br />
can market your website to best suit<br />
your audience, you’re set, except for<br />
one thing, language. According to<br />
OHT, the world’s largest translation<br />
agency, having the right language<br />
for your user helps with making the<br />
sale, as you’d expect. This means that<br />
globalisation needs localisation too.<br />
Another thing to look out for will be<br />
how wearable tech, such as Google<br />
Glass and improvements to smart<br />
watches, could effect e-commerce.<br />
issue <strong>12</strong> | page 36
<strong>IQ</strong> ecommerce<br />
For instance, they may help to create<br />
omni-channel marketing and online<br />
ordering, in addition to notifying a<br />
user of stock and price changes. It’ll<br />
be interesting and exciting to see<br />
how wearable tech will affect multichannel<br />
e-commerce in 2015 and<br />
beyond, and how these devices will<br />
integrate with daily life.<br />
Lastly, here are a few statistics about<br />
2014, published by UPS. 2014 saw<br />
over half of all retail transactions<br />
taking place online, with one fifth<br />
of these being on a mobile device.<br />
More stats in the report showed the<br />
importance of having device agnostic<br />
and optimised websites, with the<br />
following reasons being used for not<br />
purchasing using a mobile device:<br />
• User can’t get a clear or large<br />
enough image of the product<br />
• The product information cannot be<br />
easily viewed<br />
• It’s hard to compare products<br />
• Concerns about giving personal<br />
credit card information over a<br />
mobile connection.<br />
Online shoppers use their mobile<br />
devices for several different preand<br />
post-purchase functions, with<br />
tracking deliveries and research<br />
occuring most often. Below are a few<br />
examples:<br />
• tracking delivery<br />
• researching products on your<br />
mobile device before visiting a store<br />
• researching products and<br />
alternatives during visit to a store<br />
• locating stores or checking an<br />
inventory.<br />
These examples show the importance<br />
of having a device agnostic and<br />
optimised website design to boost<br />
conversions and to offer alternative<br />
payment options to those who are<br />
security conscious.<br />
All in all, this year is set to be<br />
a great year. With the right strategy,<br />
marketing and platform, you<br />
won’t miss the racing train that is<br />
e-commerce, ensuring that your<br />
business will capitalise on the benefits<br />
of selling online<br />
For more information<br />
Cubiqdesign, 01638 666432.<br />
www.cubiqdesign.co.uk<br />
@cubiqdesign<br />
CubiqdesignLtd<br />
issue <strong>12</strong> | page 37
<strong>IQ</strong> gadget update<br />
Gadget Update<br />
David Donnan and Paul Avory, of Igentics, offer their verdicts on this month’s gadgets<br />
The Selfie Phone Finder<br />
I have to admit that I was somewhat sceptical of this<br />
gadget. The premise is a Bluetooth-enabled key fob which<br />
allows the user to connect it to a smartphone, and then it<br />
acts as a proximity detector and a remote<br />
switch.<br />
When first presented with the<br />
fob, I thought it looked rather<br />
like it might be used to unlock<br />
a 1987 Vauxhall Astra. Once<br />
the app had been identified and<br />
installed, the initial connection<br />
was very simple. And it really does<br />
£29.99. Available from www.iwantoneofthose.com<br />
work as it claims.<br />
The proximity detector is where the device could really be<br />
useful. With a 10m range, it is very easy to<br />
use the fob to find your smartphone<br />
and vice versa, or to get an alert<br />
when the fob moves out of range.<br />
This is especially handy in our<br />
house, as we can never find the keys,<br />
but is also a benefit when there are<br />
several items you want to keep an eye on. So<br />
the applications for this gadget could range from<br />
childcare to taking valuables on holiday. by Paul Avory<br />
Wacom Intuos Pen and Touch<br />
Prices range from £84.99 - £169.99. Available from Wacom.com<br />
First impressions are of a welldesigned<br />
slate, with the aim of<br />
recreating an A4 notepad in<br />
electronic form.<br />
A great benefit of this pen is that it<br />
doesn’t require the batteries which<br />
hamper a wireless mouse. Having<br />
previously only ever used a mouse, my<br />
first inclination was to place the slate<br />
to the right of my keyboard, leaving<br />
the keyboard clear and enabling my<br />
left hand to occupy the crucial key<br />
command space. This proved to be<br />
slightly problematic, as using two<br />
screens resulted in the cursor wanting<br />
to drift across the screen of the slate<br />
in a peculiar fashion. As soon as<br />
the slate was placed in front of the<br />
screen, the issue was resolved.<br />
If you’ve ever tried to sketch a picture<br />
or paint a curve in a CS package,<br />
you’ll understand why a mouse is a<br />
flawed device, and why a pen offers<br />
greater flexibility. With the Intros pen<br />
you can draw in the traditional sense<br />
on the slate’s electronic paper with<br />
your movements reproduced on the<br />
screen.<br />
Whether you will like the Wacom<br />
Intuos or not isn’t down to how well<br />
the product is designed and built; it’s<br />
about how familiar and proficient<br />
you’ve become with your mouse.<br />
by David Donnan<br />
more information<br />
www.igentics.com<br />
issue <strong>12</strong> | page 39
<strong>IQ</strong> employment<br />
6 REASONS WHY<br />
PRODUCTIVITY IS LOW<br />
Jacqui Kemp discusses the impact of the latest CIPD stats<br />
Recently I was talking to a senior manager at a local<br />
business. It’s a subsidiary of a USA company and its<br />
senior management was unhappy with the UK office<br />
performance. He was very worried about the implications<br />
for the future. Productivity had not dropped, but neither<br />
had it risen, as the parent company expected.<br />
The Chartered Institute of Personnel and Development<br />
(CIPD), the professional body for HR and people<br />
development, recently published a paper on the topic.<br />
They found that this company was not alone – overall<br />
productivity in British companies was below that of<br />
both Germany and the USA. CIPD research found<br />
that about 30-35% of staff had some sort of managerial<br />
responsibility, so even modest improvement in the way<br />
they work can add up to big organisational benefits.<br />
CIPD research concluded that it was management<br />
practice that was at fault and highlighted six key areas<br />
for improvement:<br />
1<br />
While management<br />
practices have kept<br />
pace with international<br />
competition during the last<br />
year, they have not made any<br />
ground. It’s essential they<br />
do so in such a fast-paced<br />
environment.<br />
2<br />
We need a new<br />
approach to managing<br />
organisations that<br />
stimulates more effective<br />
employee involvement, and<br />
commitment to achieve high<br />
levels of performance.<br />
4<br />
Less than 5% of a manager’s time is spent speaking formally<br />
or informally with the people they manage, and under half<br />
of employees questioned were happy with the time their<br />
manager spent with them.<br />
3<br />
While 65% of<br />
employees are satisfied<br />
with their line manager,<br />
that still means 35% are not.<br />
Furthermore, only 35%<br />
say they trust their senior<br />
managers. It’s well known<br />
that people work harder for<br />
managers they like and trust,<br />
producing higher productivity,<br />
taking less sick days and<br />
staying with the organisation<br />
longer.<br />
5One in five employees reported that they<br />
had never had a formal meeting with their<br />
manager.<br />
6Companies which invested in training<br />
for staff fared better when pursuing high<br />
quality strategies.<br />
issue <strong>12</strong> | page 40
<strong>IQ</strong> employment<br />
35% of employees do not trust their manager<br />
Despite being an HR consultant for several years, I<br />
was aghast at some of these findings. ‘Only one in five<br />
employees reported they had ever had a formal meeting<br />
their manager’! That’s a terrible indictment. It means<br />
no staff appraisals, no weekly or monthly meetings and<br />
probably not even an induction. How can the managers<br />
know their staff or how well they are working?<br />
‘Less than 5% of<br />
manager’s time<br />
spent speaking to<br />
staff’! I’ve noticed<br />
that many managers<br />
do not seem to<br />
realise that time spent<br />
managing people is<br />
part of their work. This<br />
means time needs to be<br />
allocated to it, it should not be seen as an ‘extra’ to<br />
“We need an approach to managing<br />
organisations that stimulates more<br />
effective employee involvement,<br />
and commitment to achieve high<br />
levels of performance. “<br />
the manager’s ‘real’ work. How much time managers<br />
spend on staff will depend on several issues – experience<br />
of staff, workloads, new projects, sickness levels, etc. As<br />
the report points out, without good attention to workers,<br />
productivity fails to reach full potential.<br />
‘35% of employees do not trust their manager’! This is so<br />
worrying. Without trust, staff will not go to their manager<br />
when they have a personal or professional problem. They<br />
won’t work hard for them. They won’t tell them they’re<br />
applying for another job either!<br />
More Information<br />
Jacqui Kemp 01954 267 640 or email<br />
jacqui@namasteculture.co.uk<br />
www.namasteculture.co.uk<br />
issue <strong>12</strong> | page 41
<strong>IQ</strong> employment<br />
The mamas<br />
And<br />
the papas<br />
Jacqui Burke helping your business<br />
evolve to accommodate the latest<br />
employment law changes<br />
The past couple of years have seen a whole raft of<br />
employment law changes that have already impacted<br />
heavily on small businesses, and which continue to do so<br />
- pensions auto-enrolment, real time reporting and the<br />
right to request flexible working being just a few. But these<br />
almost pale into insignificance when compared with the<br />
complexities to be faced by small businesses as a result of<br />
the introduction of Shared Parental Leave for the parents<br />
of babies born after April 2015.<br />
The intention behind the legislation is to allow fathers<br />
to play a greater role in raising their children, to help<br />
mothers return to work when they want to without losing<br />
leave entitlement, or to enable mothers to return to work<br />
temporarily for a busy period. The rules also apply to<br />
same sex couples and to couples adopting or involved<br />
in surrogacy.<br />
Shared Parental Leave will allow parents to share statutory<br />
leave and pay following the birth of a child by allowing<br />
mothers to choose to end their maternity leave at any<br />
point after the initial two week compulsory maternity<br />
leave period. The parents can then choose how to split the<br />
remaining 50 weeks of leave between them, taking leave<br />
either separately or at the same time.<br />
The most challenging aspect of the legislation for small<br />
businesses is that parents may choose to take leave either<br />
as one continuous period or in discontinuous periods. This<br />
means that the mother can return to work for a while after<br />
the first two weeks, and then take further leave at a later<br />
date or dates. Similarly, the father can take Shared Parental<br />
Leave at any time within that 50 week period.<br />
In order to get ready for the introduction of Shared Parental Leave employers should:<br />
Review the eligibility criteria and<br />
update policies and procedures to<br />
ref lect Shared Parental Leave<br />
Consider how to deal with requests<br />
for continuous blocks of leave<br />
(these requests cannot be refused);<br />
for example, arrangements made<br />
for maternity cover<br />
Consider how to respond to requests for<br />
discontinuous patterns of leave (these can<br />
be rejected on certain grounds but need to<br />
be managed objectively and with a view<br />
to avoiding any form of discrimination)<br />
More Information<br />
http://www.acas.org.uk/index.aspx?articleid=4911<br />
https://www.gov.uk/shared-parental-leave-and-pay-employer-guide<br />
visit www.flourishingpeople.co.uk<br />
issue <strong>12</strong> | page 43
<strong>IQ</strong> business planning<br />
ONE SIZE<br />
FITS ALL?<br />
Sarah Brereton of Limewash discusses the need to consider<br />
all stakeholders when forming a communications strategy<br />
Strong personal relationships are<br />
built on a solid foundation of trust,<br />
mutual respect, mindfulness (taking<br />
responsibility for our words and<br />
actions) and open communication.<br />
The relationships we forge in business<br />
with our colleagues, clients and other<br />
stakeholders, should be built on<br />
nothing less.<br />
Understanding your target audiences<br />
and developing meaningful<br />
relationships with them is the key<br />
foundation for any marketing<br />
communications strategy or activity<br />
that drives a return. Building trust<br />
and respect can take years, but the<br />
rewards are worth the effort. Effective,<br />
proactive communication will<br />
support the development of positive<br />
relationships, as well as influence<br />
attitudes and behaviours across a<br />
wider environment, all of which will<br />
have a positive effect on how your<br />
organisation and your products and/<br />
or services are perceived.<br />
It is particularly important to get this<br />
right when dealing with very diverse<br />
sets of audiences - all of whom have<br />
very specific, but varied considerations<br />
when it comes to thinking about their<br />
involvement in your business. Good<br />
examples are science or specialist<br />
business parks. Here the stakeholder<br />
audiences are not only the prospective<br />
tenants that the park is trying to<br />
attract, but also the land developers,<br />
investors (large corporates, venture<br />
capital firms, private individuals etc),<br />
existing tenants, commercial property<br />
agents and the park management<br />
team. Each of these audiences has a<br />
stake in the success of the endeavour,<br />
but success will look very different<br />
for each one, making it critically<br />
important to understand each<br />
audience in detail before deciding<br />
what to communicate to them and<br />
in what way. When dealing with<br />
complex groups of stakeholders such<br />
as these, one size definitely does not<br />
fit all.<br />
More Information<br />
Contact Limewash on 0<strong>12</strong>23 813557. www.limewashmedia.com<br />
issue <strong>12</strong> | page 44
<strong>IQ</strong> business planning<br />
Are you talking to me?<br />
We all like to believe that our audiences - however diverse<br />
- are at the forefront of our minds when making business<br />
decisions. But all too often, the consideration we actually<br />
give them is fleeting at best, and is either based on a<br />
historical view, or is in fact our own opinion transposed<br />
onto the audience in question.<br />
In order to develop an effective communications strategy,<br />
we need to identify and examine the stakeholders under<br />
a number of headings, and, in the case of a science or<br />
innovation park, those stakeholders, as stated above, can be<br />
multiple and varied:<br />
Who are they?<br />
Which individuals or groups<br />
influence the effective<br />
development and continued<br />
growth of the park or can be<br />
influenced by its actions?<br />
Stakeholder analysis, to<br />
establish who and what their<br />
considerations are, is key to<br />
success here. Clearly identifying<br />
what you want to say, to whom<br />
and what action you wish<br />
to elicit as a result of that<br />
communication is paramount.<br />
Different stakeholders require<br />
different considerations, and<br />
acknowledging these will ensure<br />
that your communications are<br />
appropriate to each.<br />
Why should we<br />
communicate with them?<br />
The effective communication<br />
of appropriate information<br />
will help you develop a trusted<br />
peer-to-peer relationship with<br />
your stakeholders. Effective<br />
communication can assist a<br />
science or innovation park, for<br />
example, in the development of<br />
a good relationship between the<br />
park and its environment (current<br />
tenants, the local community,<br />
industry organisations etc), and<br />
can also influence the wider<br />
environment by informing and<br />
changing attitudes across target<br />
groups.<br />
What should we<br />
communicate and how?<br />
Aristotle hit the nail on the head<br />
when, in 350 BC, he said: “If<br />
communication is to change<br />
behaviour, it must be grounded<br />
in the desires and interests of<br />
the receivers.”<br />
In order to ensure that we are<br />
communicating successfully,<br />
we must always refer back to<br />
our stakeholder considerations,<br />
and design not only the<br />
communication content, but<br />
also the method of delivery<br />
accordingly.<br />
Methods of delivery link directly back to the target<br />
audiences, and it is essential to recognise the differences<br />
between the stakeholders and the way in which they<br />
wish to receive and digest information. For example, a<br />
commercial property agent who spends a great deal of time<br />
out of the office undertaking prospective client viewings<br />
will appreciate a website that is optimised for mobile<br />
platforms, enabling him to easily access availability sheets<br />
and property brochures via an iPad or smart phone. On<br />
the other hand, an Office Manager for a mid-sized biotech<br />
wishing to explore potential laboratory options in the area,<br />
might find a hard copy brochure more appropriate, given<br />
that their task is to gather information for the ultimate<br />
decision maker to review at an opportune moment.<br />
Whomever you are targeting, it is important to ensure that<br />
every communication is clear, concise, includes a clear call<br />
to action, is proactive rather than reactive, and is followed<br />
up to determine effectiveness.<br />
Stakeholder communication should become part of the<br />
daily life of your organisation. Ensuring that stakeholders<br />
become active and equal partners in the relationship, rather<br />
than distant and passive objects, ensures a better foundation<br />
from which you can challenge the way you have always<br />
communicated…particularly if there is uncertainty about<br />
whether current efforts are delivering the value required.<br />
issue <strong>12</strong> | page 45
<strong>IQ</strong> <strong>IQ</strong> employment<br />
showcase<br />
Death at the Desk<br />
So, you were a relatively active person when you were<br />
younger; although you played a few sports, aches and pains<br />
were a myth and any injury you sustained was a distant<br />
memory within a couple of days. What’s more, you ate what<br />
you wanted, couldn’t put on weight if you tried, and, no<br />
matter what happened, you still felt great for school or work<br />
on Monday morning.<br />
However, in the last few years waking up has been a problem.<br />
Aches and pains are a constant that need to be managed with<br />
all sorts of remedies, and, rather than not being able to gain<br />
weight, it seems to find your every nook and cranny. The<br />
weekend has become your saviour for sleep, and in general,<br />
you have as much energy as a hibernating bear.<br />
Sedentary life at a desk is a killer for aches, strains and pains.<br />
You’re hunched over, a phone jammed between your shoulder<br />
and ear as you look at a screen. That bad posture is going to<br />
wreck your natural structure and switch on muscles that, after<br />
a while, are really going to struggle to turn off fully.<br />
Now I know that with busy schedules and aggressive deadlines<br />
you can’t avoid these problems all the time, but what you<br />
can do is minimize them, and start improving some of the<br />
major, (let’s call them unmentionable) issues, hopefully before<br />
they start. The key to longterm success will be to rally your<br />
co-workers round into your new regime.<br />
More Information<br />
Grizzleys Strength and Conditioning.<br />
Tel: 07801 720691.<br />
As of today<br />
Drink plenty of water - pound your<br />
boss for a water cooler!<br />
Lunch should not be a carb load, as your body<br />
doesn’t need them when it’s sitting at a desk.<br />
Stay away from too much caffeine. Try Robush.<br />
Try to go to sleep one hour earlier (we are aiming for 8 hrs).<br />
Next step<br />
Start to do some light exercise – a walk<br />
at lunch is ideal.<br />
Go swimming (doing this before work seems to work best).<br />
Do a Pilates or hot yoga class.<br />
Time to get serious<br />
Start some lightweight sessions and circuits.<br />
Find an event, such as a Spartan Race, Tough<br />
Mudder Race or Zombie Run.<br />
Join a local sports team.<br />
issue <strong>12</strong> | page 47
Article by Samantha Sales<br />
<strong>IQ</strong> showcase<br />
Thank You,<br />
seems to be the hardest word …..!<br />
Research continues to tell us that finding ways to say ‘thank you’ to our colleagues and teams goes a<br />
long way to making colleagues feel engaged and motivated.<br />
As the job market<br />
continues to improve, this<br />
means greater choice for<br />
colleagues if they are feeling<br />
restless or undervalued in<br />
the workplace. With the<br />
true cost of recruitment<br />
being upwards from £25k<br />
and skills in high demand<br />
and short supply, creating<br />
the right environment<br />
that ultimately will lead to<br />
employee retention and a<br />
successful organisation is<br />
critical.<br />
So, if you want your<br />
business to further<br />
succeed, creating a work<br />
environment that is<br />
meaningful, rewarding and<br />
enjoyable should be on<br />
your 2015 priority list.<br />
I make no apology for<br />
the rest of this article<br />
being commonsense, as you<br />
would be surprised how<br />
many managers disregard<br />
the significance of the next<br />
5 steps.<br />
1<br />
Vision colleagues – share where with<br />
business is going<br />
the 4<br />
Knowing why they are doing what they are<br />
doing; context is important. Make sure all your<br />
employees have insight on the company and<br />
the industry. The more information employees<br />
have, the more able they will be to do the right<br />
thing and make the right decisions.<br />
2<br />
Communication<br />
Everyone has a responsibility in<br />
the organisation to communicate,<br />
it is not about annual reviews or surveys etc.<br />
The more employees communicate with one<br />
another and with the organisation, the more<br />
everyone will feel on the same page. It i<br />
s also an important part of a manager’s job<br />
to create the right environment to encourage<br />
employees to provide feedback as issues or ideas<br />
arise.<br />
3<br />
Act fairly, with respect<br />
and create trust<br />
Create an environment that is<br />
supportive and, if things go wrong, make<br />
sure you understand the circumstances before<br />
you react! Trust and respect is the foundation<br />
of a good solid relationship, and this requires<br />
honesty and authenticity. Without trust, the rest<br />
is superficial!<br />
Get colleagues involved<br />
If employees feel they are<br />
genuinely part of the planning<br />
and decision making it will develop<br />
ownership and commitment to tasks or<br />
projects. Let employees take ownership<br />
and spread their wings, they’ll appreciate<br />
the confidence the organisation has<br />
in them and they’ll take on more and<br />
personally develop in the process. You<br />
never know, it may even lead to some<br />
new ideas.<br />
5<br />
One to one feedback<br />
The purpose of positive<br />
and negative feedback is to<br />
encourage great personal performance,<br />
build confidence. Provide ongoing<br />
feedback, it must not be only at formal<br />
reviews, and certainly not only when<br />
things have gone awry.<br />
And don’t forget…. ‘thank you’.<br />
Research continues to support<br />
the notion that recognition from<br />
immediate managers and senior<br />
managers continues to be just as<br />
important or more important than<br />
financial rewards as a powerful<br />
motivator. Thank you for reading<br />
this article.<br />
More Information<br />
www.cambridgeinterimhr.com<br />
issue <strong>12</strong> | page 49
<strong>IQ</strong> showcase<br />
Sell Your Business<br />
With applicants now looking for the best employment packages, selling your business<br />
as the perfect place to work has become more important than ever before…<br />
“ Why do you want to<br />
work here?” has<br />
become one of the<br />
most commonly<br />
used interview questions, yet its<br />
foundations still reign true in every<br />
instance. Why do your staff want to<br />
work for you, and how do you attract<br />
the best applicants for vacancies?<br />
Employee benefits can be the tipping<br />
edge when attracting new workforce<br />
members (as well as retaining current<br />
members of staff) as the best candidates<br />
often find themselves in demand.<br />
A well thought out benefits package<br />
can place your business in the lead,<br />
whilst encouraging a happy, healthy<br />
and efficient workforce, yet many<br />
small business owners mistakenly<br />
believe they cannot afford to offer<br />
benefits.<br />
Whilst going without benefits may<br />
boost your bottom line in the short<br />
run, it is thought that, in the long<br />
run, the penny-wise philosophy could<br />
hinder, and affect staffing stability.<br />
Benefits do not have to cost the<br />
earth; they can offer a bridge to your<br />
workforce, creating an exciting perk for<br />
team building events, entertainment<br />
and leisure. Scudamore’s Corporate<br />
Tickets offer a unique local bonus<br />
and the perfect way for your staff to<br />
experience their surroundings.<br />
Based in Cambridge, the punting<br />
company offers businesses free boating<br />
all year round with Corporate Tickets,<br />
allowing your team to come together<br />
and enjoy a choice of punt, kayak or<br />
canoe hire.<br />
Each session can be as short as an hour,<br />
or last all day long, leaving employees<br />
or clients plenty of time to relax away<br />
from the office, whilst enjoying the<br />
benefits their employment offers.<br />
Offering staff a great opportunity to<br />
get out of the office with exceptional<br />
health benefits, the Corporate Ticket<br />
offers an inexpensive way to help your<br />
company stand out in the recruitment<br />
market with a quintessentially<br />
Cambridge benefit.<br />
With the reported levels of stress<br />
increasing to one in three amongst<br />
middle-aged employees already this<br />
year, the need for benefits is on the rise.<br />
Whether you’re looking to strengthen<br />
your workforce or simply to retain the<br />
foundations of your current business,<br />
there’s more to employment benefits<br />
than first appears.<br />
More Information<br />
Please contact the Scudamore’s<br />
Booking Team on 0<strong>12</strong>23 359750<br />
or email enquiries@scudamores.com.<br />
www.scudamores.com<br />
issue <strong>12</strong> | page 51
<strong>IQ</strong> showcase<br />
More Information<br />
Stoke by Nayland Hotel, Golf & Spa, Keepers Lane, Leavenheath,<br />
Colchester CO6 4PZ. www.stokebynayland.com<br />
Where Business<br />
Meets Pleasure<br />
Celebrate the success of the last<br />
quarter at Stoke By Nayland<br />
Hotel, Golf and Spa<br />
With the final quarter of the<br />
financial year now coming to a<br />
close, businesses up and down<br />
the region are taking a long hard<br />
look at the outcomes of 2014/15.<br />
With positivity on the rise across<br />
the majority of industries, now’s<br />
the time to celebrate those<br />
achievements and thank the team<br />
that really made them happen.<br />
Stoke By Nayland Hotel, Golf<br />
and Spa offers the perfect<br />
location for business reflection<br />
and aspirations for the future.<br />
Undergoing a dramatic<br />
transformation on the peak of<br />
its 40th anniversary last year, the<br />
stunning venue now boasts the<br />
finest upholstered furniture, silk<br />
wallpapered entrances and some<br />
of the best facilities in our region.<br />
Orchestrated by the Hotel’s<br />
Director, Tamara Unwin, the<br />
family run business welcomes<br />
small and large businesses alike<br />
to its 300 acre site, presenting<br />
tailor-made packages to suit your<br />
business, budget and preferences.<br />
With a PGA recognised golf<br />
course, a vast spa area, a health<br />
club and an 80 bedroom hotel<br />
complete with 9 flexible function<br />
rooms and an outstanding<br />
restaurant, there is more than<br />
one way to put the fun back into<br />
corporate events.<br />
Creating a fresh environment<br />
in which to create, produce and<br />
inspire your employees, Stoke<br />
By Nayland Hotel, Golf and<br />
Spa’s facilities will start the next<br />
financial quarter with motivation.<br />
Floor to ceiling windows flank<br />
each function room, whilst rolling<br />
views of the golf course and lake<br />
will make your team sit back and<br />
really evaluate.<br />
Complete with full air<br />
conditioning, free high-speed<br />
internet and private terraces<br />
to allow your staff to enjoy the<br />
fresh air on break-outs, choose<br />
a room to suit your party. The<br />
Devora Suite welcomes up to 450<br />
delegates in a theatre-style, with<br />
access to the Constable Bar, whilst<br />
the Garden and Gainsborough<br />
Rooms provide superb views<br />
of the 18th greens of both<br />
championship courses. And there<br />
are still plenty more rooms to<br />
choose from.<br />
Whether it’s time to reflect that’s<br />
needed, or simply space to enjoy<br />
a team building activity away<br />
from the crowded environments<br />
of your office, Stoke By Nayland<br />
Hotel, Golf and Spa is able to<br />
tailor its services to your business.<br />
issue <strong>12</strong> | page 53
<strong>IQ</strong> business diary<br />
BUSINESS DIARY<br />
Bury St Edmunds Breakfast<br />
Business Networking<br />
Meetings are held twice<br />
a month, and, as well as<br />
offering opportunities for open<br />
networking, include a 4sight<br />
slot with a guest speaker, and<br />
conclude with 3 ten minute 1:1<br />
appointments.<br />
Date: 3rd & 17th February, 3rd,<br />
17th & 31st March, 14th & 28th<br />
April<br />
Time: 08.00 – 10.00<br />
Venue: Bury St Edmunds Golf<br />
Club, Fornham All Saints, Bury St<br />
Edmunds, IP28 6LG<br />
Organiser: C4networking<br />
Booking details: For more details<br />
and to login, visit www.4networking.<br />
biz<br />
Cost: Breakfast costs £<strong>12</strong><br />
Business over Breakfast<br />
(BoB Club)<br />
This successful business<br />
networking club, which meets<br />
fortnightly, concentrates on<br />
quality referrals.<br />
Bury St Edmunds<br />
Date: 3rd & 17th February, 3rd,<br />
17th & 31st March, 14th & 28th<br />
April<br />
Time: from 07.00<br />
Venue: The Self Centre, Kempson<br />
Way, Moreton Hall, Bury St<br />
Edmunds, IP32 7AR<br />
Cost: £15.00<br />
Booking details: David Rhodes<br />
on 0751 001 3851<br />
Cambridge<br />
Date: 6th & 20th February, 6th &<br />
20th March, 17th April<br />
Time: from 07.15<br />
Venue: Arundel House Hotel,<br />
Chesterton Road, Cambridge, CB4<br />
3AN<br />
Cost: £<strong>12</strong>.00<br />
Booking details: Tony Miles on<br />
0779 9623028 or 01487 800032<br />
Organiser: Business over Breakfast<br />
Clubs www.bobclubs.com<br />
Informal Networking<br />
Evening<br />
These free, popular informal<br />
networking evenings continue<br />
to attract businesses of all sizes<br />
from a wide range of sectors.<br />
You can also ask Chamber<br />
staff about the benefits of<br />
membership.<br />
Huntingdon<br />
Dates: 3rd February, 3rd March,<br />
7th April<br />
Time: 17.00 - 19.00<br />
Venue: Holiday Inn Huntingdon<br />
Racecourse, Thrapston Road,<br />
Brampton, Huntingdon, PE28 4NL<br />
Ely<br />
Dates: 9th February, 9th March,<br />
13th April<br />
Time: 17.00 - 19.00<br />
Venue: The Lamb Hotel, Lynn<br />
Road, Ely, CB7 4EJ<br />
Cambridge<br />
Dates: 19th February, 19th March,<br />
16th April<br />
Time: 17.00 - 19.00<br />
Venue: Holiday Inn Cambridge,<br />
Lakeview, Bridge Road, Impington,<br />
Cambridge, CB24 9PH<br />
St Neots<br />
Dates: 11th February, 11th March,<br />
8th April<br />
Time: 17.00 - 19.00<br />
Venue: Waterfront Bar, Wyboston<br />
Lakes, Great North Road, Wyboston,<br />
MK44 3AL<br />
Peterborough<br />
Dates: 18th February, 18th March,<br />
15th April<br />
Time: 17.00 - 19.00<br />
Venue: Park Inn by Radisson,<br />
Telephone House, Wentworth Street,<br />
Peterborough<br />
Organiser: Cambridgeshire<br />
Chambers of Commerce<br />
Booking details: Call Peter<br />
Watts on 07545 697799 or email<br />
p.watts@cambscci.co.uk.<br />
The Very Early Lunch Club<br />
Networking, guest speakers and<br />
breakfast are on offer at this<br />
event, scheduled for the first<br />
Friday of the month.<br />
Date: 6th February & 6th March<br />
Time: 07.30 - 09.30<br />
Venue: Angelsey Abbey, Lode,<br />
Cambs, CB25 9EJ<br />
Organiser: Ian Clemson<br />
Booking details: To book a place,<br />
email cambridge@thebestof.co.uk or<br />
to find out more tel Ian Clemson on<br />
01638 745286 or visit velc.co.uk<br />
issue <strong>12</strong> | page 54
Huntingdonshire<br />
Construction and Property<br />
Networking Breakfast<br />
The Huntingdonshire<br />
Construction and Property<br />
Network brings together all<br />
professions associated with the<br />
development and construction<br />
industries in the county and<br />
region.<br />
Date: 6th February, 10th April<br />
Time: 08.00 - 10.00<br />
Venue: Alconbury Weald, Alconbury<br />
Airfield, Huntingdon, PE28 4WX<br />
Organiser: Cambridgeshire<br />
Chambers of Commerce<br />
Booking Details: To attend, or to<br />
sponsor a breakfast, e-mail h.bosett@<br />
cambscci.co.uk.<br />
A14 Coffee Morning meetup<br />
The A14 Coffee Morning<br />
is a relaxed environment<br />
where business owners and<br />
professionals can meet and<br />
informally network over coffee<br />
on a Friday morning.<br />
Date: Every Friday morning.<br />
Time: 9:00<br />
Venue: The Taproom, 23 Bridge<br />
Street, St Ives<br />
Booking details: www.meetup.<br />
com/A14-Coffee-Morning-Weekly-<br />
Business-Networking-In-St-Ives<br />
Cost: Free<br />
Link4 Coffee Cambridge<br />
Link4Coffee events are informal<br />
morning drop-in sessions, which<br />
BUSINESS DIARY<br />
provide a regular opportunity<br />
to unwind, share knowledge<br />
and connect with all kinds of<br />
interesting individuals from your<br />
local community.<br />
Date: 10th February, 10th March,<br />
7th April<br />
Time: 10.00 – 11.30<br />
Venue: CB2, 5-7 Norfolk Street,<br />
Cambridge, CB1 2LD<br />
Organiser: Link4Growth Ltd<br />
Booking Details: Contact Mike<br />
Clarke on 07824 600153 or visit<br />
www.link4growth.biz<br />
Cost: £3 for tea/coffee, there’s no<br />
charge to attend<br />
meet the buyer event<br />
The aim is to actively encourage<br />
local B2B engagement between<br />
two important communities. The<br />
‘Buyers’ will come from the local<br />
racing and stud community and<br />
the ‘Suppliers’ will come from the<br />
local business community.<br />
Date: 11th February<br />
Time: 16.00<br />
Venue: The Heath Court Hotel,<br />
Newmarket<br />
Organiser: Newmarket District<br />
Chamber Of Commerce<br />
Booking details: Email info@<br />
bluelizardmarketing.com<br />
knowledge transfer<br />
partnership workshop<br />
At this workshop, you will find<br />
out how a partnership can unlock<br />
access to academic expertise in<br />
your locality, and how support<br />
from an academic expert can<br />
improve your business. Speakers:<br />
Jan Stringer, KTP Regional<br />
Manager, Daba Chowdhury,<br />
Senior Lecturer.<br />
Date: <strong>12</strong>th February<br />
Time: 15.30 - 17.30<br />
Venue: WTL1, Lecture Hall,<br />
University Campus Suffolk, Waterfront<br />
Building, Neptune Quay, Ipswich IP4<br />
1QJ<br />
Organiser: Suffolk Chamber of<br />
Commerce<br />
Booking details: To book your<br />
free place, please contact Research and<br />
Enterprise Services via the Research<br />
Office: researchoffice@ucs.ac.uk or<br />
01473 338181. www.ucs.ac.uk<br />
Menta Business Club<br />
If you’re thinking of starting a<br />
business or going self-employed,<br />
drop in for some free business<br />
guidance to help you get started.<br />
Haverhill<br />
Date: <strong>12</strong>th February, <strong>12</strong>th March,<br />
9th April<br />
Time: <strong>12</strong>:30 - 14:00<br />
Venue: The Job Centre Plus, 65<br />
High Street, Haverhill, CB9 6AH<br />
Bury St Edmunds<br />
Date: <strong>12</strong>th February, <strong>12</strong>th March,<br />
9th April<br />
Time: 15:00 to 16:30<br />
Venue: Menta Business Centre, 5<br />
Eastern Way, Bury St Edmunds, IP32<br />
7AB<br />
Organiser: Menta Business Events<br />
Booking details: No booking<br />
required, simply turn up! For more<br />
information, visit www.eventbrite.co.uk<br />
<strong>IQ</strong> business diary<br />
issue <strong>12</strong> | page 55
<strong>IQ</strong> business diary<br />
Cambridge Alternative<br />
Networking<br />
Creating a welcoming<br />
environment for people in<br />
business to connect and do<br />
more business. It is also keen<br />
to subsidise social events for<br />
members as well as to actively<br />
market its members through<br />
social media and on-line<br />
marketing.<br />
Date: <strong>12</strong>th & 26th February, <strong>12</strong>th<br />
& 26th March, 9th & 23rd April<br />
Time: 06:45 - 08:30<br />
Venue: The Gonville Hotel, Gonville<br />
Place, Cambridge, CB1 1LY<br />
Booking Details: To book, e-mail<br />
networking@cambscan.co.uk or tel<br />
Kathryn Fletcher on 07889 364 348<br />
To find out more, visit cambscan.co.uk<br />
Cost: £15<br />
Coffee Means Business<br />
Relaxed, informal networking<br />
with local businesses.<br />
Date: <strong>12</strong>th February, <strong>12</strong>th March,<br />
9th April<br />
Time: 09:30 - 11:30<br />
Venue: The Apex, Bury St Edmunds,<br />
Suffolk<br />
Organiser: Menta Business Events<br />
Booking Details: For more<br />
information, visit www.menta.org.uk/<br />
training/suffolk-business-networking.<br />
No need to book<br />
Cost: £2 on the door<br />
Huntingdon business<br />
women<br />
These monthly meetings for<br />
women in business in and<br />
around Huntingdon are held on<br />
the second Friday of the month.<br />
BUSINESS DIARY<br />
On 13th February, Liz Weston<br />
will lead a session on How to<br />
Manage Facebook Marketing.<br />
Date: 13th February, 13th March,<br />
10th April<br />
Time: 11.00 - 13.00<br />
Venue: Wood Green Animal Shelter,<br />
King’s Bush Farm, London Road,<br />
Huntingdon, PE29 2NH<br />
Organiser: Ann Hawkins<br />
Booking Details: A £5 fee is<br />
payable. To find out more, visit www.<br />
meetup.com<br />
the essentials of email<br />
marketing<br />
This non-technical course,<br />
designed for people with limited<br />
experience in email marketing,<br />
is suited to those who wish to<br />
improve their knowledge and get<br />
better results.<br />
Date: 15th February<br />
Time: 11.00 - 14.00<br />
Venue: Framlingham Technology<br />
Centre, Woodbridge, Suffolk, IP13<br />
9EZ<br />
Organiser: Ipswich and Suffolk<br />
Small Business Association<br />
Booking Details: Cost £75pp<br />
Member discount available. For more<br />
information visit www.issba.co.uk<br />
<strong>IQ</strong> Networking Event<br />
Guest speaker Richard Glinn<br />
from the New Anglia Growth<br />
Hub will be talking about the<br />
support available for growing<br />
businesses in Norfolk and<br />
Suffolk. This event is free to<br />
participants.<br />
Date: 18th February<br />
Time: 18.00 - 20.00<br />
Venue: Granary Barns, Parsonage<br />
Farm, Woodditton, Nr Newmarket,<br />
CB8 9RZ<br />
Organiser: Cubiqdesign<br />
Booking Details: RSVP to<br />
gemma@cubiqdesign.co.uk<br />
collaborative cambridge<br />
meetup<br />
This regular breakfast meetup,<br />
scheduled for the third Friday of<br />
each month, is themed around<br />
collaborative problem solving.<br />
Date: 20th February, 20th March,<br />
17th April<br />
Time: Breakfast: 08:00 – 09:30;<br />
Co-working: 09.30 - 17.30<br />
Venue: Cambridge Business Lounge,<br />
Burleigh House, 52 Burleigh Street,<br />
Cambridge, CB1 1DJ<br />
Organiser: Ed Goodman<br />
Booking Details:<br />
Contact Ed at ed.goodman@<br />
cambridgebusinesslounge.com<br />
camcreatives<br />
CamCreatives embraces a<br />
diverse group of interests<br />
which includes graphic and<br />
web design, media of all kinds,<br />
literature and publishing, visual<br />
arts, multimedia, performing<br />
arts and general culture bringing<br />
together a mix of large and<br />
small firms.<br />
Date: : 25th February, 25th March,<br />
29th April<br />
Time: 19.30<br />
Venue: Hot Numbers, Gwydir Street,<br />
Cambridge, CB1 2LJ<br />
Organiser: CamCreatives<br />
Booking Details: Visit www.<br />
meetup.com/camcreative/<br />
issue <strong>12</strong> | page 56
Cambridgeshire Export Club<br />
- Cambridge<br />
A free, informal networking<br />
event, held on the last Tuesday of<br />
the month, for exporters or those<br />
considering it. Each month The<br />
Export Club features a specialist<br />
in an international element.<br />
Date: 24th February, 31st March<br />
Time: 17.00 - 19.00<br />
Venue: The Moller Centre, Storey’s<br />
Way, Cambridge, CB3 0DE<br />
Organiser: Cambridgeshire<br />
Chambers of Commerce<br />
Booking Details: For further<br />
information contact h.bosett@cambscci.<br />
co.uk<br />
Digital Workshop for Women<br />
Getting connected offers free<br />
help and support to women in<br />
Norfolk and Suffolk who want<br />
to increase their knowledge and<br />
confidence using social media<br />
and the internet.<br />
Date: 25th February<br />
Time: 09:45 - <strong>12</strong>:45<br />
Venue: Active Business Centre, 33<br />
Saint Andrew’s Street South, Bury St<br />
Edmunds, IP33 3PH<br />
Organiser: Suffolk Chamber of<br />
Commerce<br />
Booking Details: Email<br />
amanda@suffolkchamber.co.uk, or<br />
phone 01473 6948<strong>12</strong><br />
Social Incubator East –<br />
Cambridge<br />
Two and a half days of world<br />
class training for people with<br />
an ambition to set up or grow a<br />
business dedicated to making a<br />
BUSINESS DIARY<br />
positive social impact.<br />
Date: 27th February - 1st March<br />
Time: from 16:30 on 27th Feb to<br />
17:30 on 1st March<br />
Venue: Future Business Centre,<br />
Kings’ Hedges Road, Cambridge,<br />
CB4 2HY<br />
Booking Details: visit<br />
socialincubatoreast.org.uk<br />
CSW INNOVATE CONFERENCE<br />
CSW Innovate conference is<br />
the place to be for inspirational<br />
speakers, great busines<br />
information and fabulous<br />
networking.<br />
Date: 6th March<br />
Time: 9:30 - 16:30<br />
Venue: Quy Mill Hotel, Church<br />
Road, Stow-cum-Quy, Cambridge,<br />
CB25 9AF<br />
Booking Details: visit www.<br />
cambridgestyleweek.com<br />
The Two Counties Business<br />
Exhibition<br />
This Exhibition, which is free<br />
to visitors, brings together<br />
businesses from across<br />
Cambridgeshire, Suffolk<br />
and beyond to build new<br />
connections, promote products<br />
and services and to learn and be<br />
inspired by guest speakers.<br />
Date: 25th March<br />
Time: 11.00 - 15.00<br />
Venue: Millennium Grandstand,<br />
Newmarket Racecourses, Newmarket,<br />
CB8 0TF<br />
Organiser: Cambridgeshire<br />
Chambers of Commerce<br />
Booking Details: For more<br />
information or to book your exhibition<br />
stand, email k.dawson@cambscci.<br />
co.uk.<br />
ipswich and suffolk small<br />
business association - meet<br />
the members<br />
Join the association for some<br />
friendly, informal networking<br />
over coffee/tea.<br />
Date: 16th April<br />
Time: 09.00 - 11.00<br />
Venue: Trinity Park Conference<br />
Centre, Felixstowe Road, Ipswich,<br />
IP3 8UH<br />
Organiser: Ipswich and Suffolk<br />
Small Business Association<br />
Booking Details: To find out more<br />
and to book, visit www.issba.co.uk<br />
Huntingdonshire Business<br />
Fair 2015<br />
This fair now attracts 130<br />
exhibitors and over 500 visitors.<br />
As well as offering a free seminar<br />
programme and popular speed<br />
networking, it provides a great<br />
opportunity to showcase your<br />
business and to get connected.<br />
Admission is free.<br />
Date: : 23rd April<br />
Time: 10.00 - 16.00<br />
Venue: Wood Green Animal Shelters,<br />
King’s Bush Farm, London Road,<br />
Godmanchester, PE29 2NH<br />
Organiser: Cambridgeshire<br />
Chambers of Commerce, in<br />
partnership with The Federation of<br />
Small Businesses.<br />
Booking Details: To find out more<br />
visit www.cambridgeshirechamber.<br />
co.uk<br />
<strong>IQ</strong> business diary<br />
issue <strong>12</strong> | page 57
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<strong>IQ</strong> property<br />
The Property Market<br />
how will it be affected by the new<br />
‘National Infrastructure Plan’?<br />
Tim Mendes da Costa, lawyer in Greene & Greene’s commercial and residential<br />
property department, discusses how the NIP will affect the local property market<br />
In December 2014, the Coalition Government set out its<br />
new National Infrastructure Plan (NIP), detailing the<br />
long-term strategy for investment in the UK’s infrastructure.<br />
There are a number of elements of the NIP that focus on<br />
the property market and seek to ease the burden of the<br />
planning process on developers, namely:<br />
Simplifying the establishment<br />
of the ‘principle’:<br />
The principle of development will only need to<br />
be established once, to give greater certainty and<br />
allow locally-supported development to proceed<br />
more quickly. In other words, once land has been<br />
earmarked for development, it should become a<br />
simpler process to obtain the granting of planning<br />
permission.<br />
Speeding up negotiations:<br />
The Government will take steps to speed up Section<br />
106 negotiations (a tool used by Local Authorities to<br />
divert some of the increase in land value derived from<br />
planning gain back to the public sector), including<br />
issuing revised guidance, consulting on a faster process<br />
for reaching agreement, considering how timescales<br />
for agreement could be introduced, and improving<br />
transparency on the use of Section 106 funds.<br />
Faster decision-making:<br />
The Government will keep the speed of major<br />
decisions under review, with minimum performance<br />
thresholds increasing to 50% for major decisions<br />
being made on time as performance improves.<br />
Streamlining systems and providing<br />
additional opportunities:<br />
Proposals will be published for consultation during<br />
the 2015 Budget to make processes clearer, faster and<br />
fairer, and making more brownfield land available for<br />
development.<br />
How this will affect the Bury St<br />
Edmunds’ Vision 2031 Project?<br />
If these proposals come into force,<br />
they should have a positive impact<br />
on the implementation of Bury St<br />
Edmunds’ Vision 2031 project, which<br />
sets out how the growth in the town<br />
can be managed over the next 20<br />
years and beyond, bringing the town’s<br />
surrounding villages closer through<br />
new developments and transport<br />
improvements.<br />
Flood Risk Benefit<br />
To support this, it is hoped that the<br />
region will also benefit from the<br />
additional money being allocated to<br />
flood defences through the NIP. The<br />
Government has published its six year<br />
programme of investment in flood<br />
defences, allocating the £2.3 billion<br />
capital funding announced during the<br />
2013 Spending Round.<br />
More Information<br />
please contact Tim on 0<strong>12</strong>84 717437 ~ timmendesdacosta@greene-greene.com.<br />
www.greene-greene.com and follow us @greenegreenelaw.<br />
issue <strong>12</strong> | page 59
<strong>IQ</strong> local news<br />
MILITARY<br />
MOVE OUT<br />
With the US Military recently<br />
announcing a withdrawal from<br />
Suffolk, we discuss the possible effect<br />
on businesses in the region<br />
As businesses and residents debate the<br />
effect of the US Air Force’s departure<br />
from RAF Mildenhall in Suffolk, news<br />
that Forest Heath District Council<br />
are not prepared to sit and wait for<br />
further information has sparked hope<br />
in many.<br />
Forest Heath District Council<br />
leader, Cllr James Waters, has said<br />
that February will welcome several<br />
meetings with local businesses to<br />
discuss the impact on jobs, the housing<br />
market, and local communities.<br />
With 850 jobs thought to be affected<br />
by the closure of three US airbases<br />
in East Anglia, the news has struck a<br />
chord with many businesses operating<br />
in Mildenhall and the surrounding<br />
areas, yet, as the update settled in,<br />
it seems all is not as bad as it first<br />
appeared.<br />
“I firmly believe that every change<br />
brings opportunities and I would be<br />
optimistic that, given the strengths and<br />
resilience of our local community and<br />
West Suffolk, we can work with our<br />
partners to ensure we do the very best<br />
for people in Forest Heath and make<br />
the most of any new opportunities,”<br />
added Cllr Waters.<br />
With figures reporting an off-base<br />
spend of $149.5 million per year<br />
by military personnel, it is easy to<br />
understand the panic that struck,<br />
however with the mist clearing, the<br />
initial reaction now appears severely<br />
calmed.<br />
Cllr Mark Bee of Suffolk County<br />
Council said in a prepared statement:<br />
“This is not the first<br />
time that Suffolk has<br />
dealt with the closure<br />
of a major airbase.<br />
US forces moved out<br />
of RAF Brentwaters in<br />
1993, and the economy of<br />
the area has subsequently<br />
benefited from growth in<br />
housing, an increasingly<br />
diverse economic base<br />
and growth in the visitor<br />
economy in nearby towns<br />
such as Woodbridge. We will<br />
look to see what lessons we can<br />
learn from this to help us with the<br />
Mildenhall closure.”<br />
Although many differing opinions are<br />
still found throughout the region, it<br />
seems that localised business support<br />
networks are now appearing to help<br />
those who will take the majority of<br />
the blow.<br />
John Dugmore, Chief Executive of<br />
Suffolk Chamber of Commerce, said:<br />
“This is obviously sad news, as RAF<br />
Mildenhall and the people that live<br />
and work there have been a part of<br />
the everyday life of Suffolk.<br />
“The work there and the jobs it created<br />
are a big part of the economy, and<br />
while we have had the announcement,<br />
we’ll need to wait to hear more detail<br />
about the schedule to close down the<br />
base.<br />
“Once those plans are developed, we<br />
will work with the business community<br />
to look at how local business can be<br />
supported and how the closure<br />
can bring new opportunities to our<br />
economy.”<br />
With a five year plan now set in<br />
motion to remove the US presence<br />
from Mildenhall, the message to our<br />
local businesses seems clear - get ready<br />
to embrace the change.<br />
With 850 jobs thought to be affected by<br />
the closure of three US airbases in East<br />
Anglia, the news has struck a chord<br />
with many businesses operating in<br />
Mildenhall and the surrounding areas,<br />
yet, as the update settled in, it seems<br />
all is not as bad as it first appeared.<br />
More Information<br />
www.iqmag.co.uk<br />
issue <strong>12</strong> | page 61
<strong>IQ</strong> business support<br />
Suffolk And Norfolk Firms Utilising<br />
Growth Hub<br />
Service<br />
<strong>IQ</strong> explores how the Growth Hub has been created More<br />
to support the expansion of our local businesses<br />
Since its launch in June 2014, the New Anglia Growth Hub has<br />
engaged with over 1570 businesses to help them develop and<br />
grow. Providing free advice and support, the hub is working with<br />
local and national organisations to ensure that businesses have<br />
quick and easy access to the help and support they need. The<br />
Growth Hub is managed by Suffolk Chamber of Commerce on<br />
behalf of New Anglia Local Enterprise Partnership, and the hub<br />
aims to support up to 3000 businesses by June this year.<br />
Support is available for any business in any sector, from startups<br />
to growing companies. It’s now over six months into the<br />
project, and businesses are really starting to feel the benefits. The<br />
Sicklesmere Post Office and Convenience Store in West Suffolk<br />
was successful in securing a £20,000 grant from the New Anglia<br />
LEP’s Small Grant Scheme, which awards grants to businesses<br />
making capital purchases to upscale any part of the business.<br />
The grants are offered at 20% of the total funding required, on<br />
the understanding that new jobs will be created.<br />
The support offered to businesses varies considerably, and it’s<br />
not just about grants. Suffolk River Cruise Restaurants secured<br />
a funded training course for an aspiring young chef. Zach Rea<br />
has been working towards a recognised and useful Intermediate<br />
Apprenticeship in Professional Cookery. The course is provided<br />
by Easton and Otley College, and lasts up to 18 months. What’s<br />
more, the course is delivered in-house, so the trainer actually<br />
comes out to the kitchen, resulting in minimal disruption and<br />
maximum impact for the business.<br />
Morgan Potter is one of the Growth Hub’s Business Growth<br />
Advisers who identified that the company was eligible for this<br />
training. “The company had plans to bring in two boats and<br />
centralise their food preparation facilities. Training was needed,<br />
and the result has been an Apprenticeship funded and delivered<br />
through Easton and Otley College.”<br />
Mark Stead, Head of Work-based Learning at Easton and Otley<br />
College said: The college is pleased to be able to support the<br />
Owners John and Susan Haresnape and the crew of the Allen Gardiner vessel.<br />
Information<br />
To find out more, call 0300 333 6536 or email<br />
growthhub@newanglia.co.uk. Follow us on twitter @AngliaHub<br />
expansion of Suffolk River Cruise Restaurants by delivering<br />
directly in the workplace training and development needs for<br />
their staff.”<br />
The Growth Hub is working with some really interesting and<br />
highly innovative companies, such as Aponic Limited, which<br />
designs and produces ‘vertical green wall units’. These units<br />
allow you to grow plants, vegetables, herbs and fruit without the<br />
need for soil. Ideal for anyone too tired of digging and weeding<br />
in the garden, the units are easily mounted on a sunny wall or<br />
fence, in greenhouses or conservatories and even on balconies.<br />
The system incorporates a reservoir where the fish live, and<br />
their waste is turned into nutrients by the digesting action of<br />
the vertical plant towers. The water and nutrients are recycled,<br />
saving up to 90% of the water which would otherwise be lost in<br />
the ground. So, there’s no need for fertiliser, the plants are not<br />
vulnerable to soil-based pests, and they are not at the mercy of<br />
the great British weather.<br />
Aponic, launched only six months ago, have already had a<br />
good start after they secured £28,000 from the Agri-Tech grant<br />
scheme that supports new ideas and projects which improve<br />
agricultural productivity or which develop new technology for<br />
the Agri-Tech industry.<br />
Owner Jason Hawkins-Row said: “We’re really pleased with how<br />
our research and development has progressed, and our aim over<br />
the next few months is to consolidate our production process and<br />
get on with running the business smoothly, so that we can expand<br />
and ultimately, employ more people.“<br />
Ten Business Growth Advisers operate across Suffolk and<br />
Norfolk, and are able to come to your business to help you scale<br />
up. Businesses can also take advantage of the new Digital Growth<br />
Programme, which includes two digital advisers to provide<br />
impartial advice and guidance to local businesses on Broadband<br />
and internet issues, including how to access Superfast Broadband<br />
and how to maximise its benefits.<br />
issue <strong>12</strong> | page 63
Set in the heart of Historical Bury St Edmunds, The Farmers Club is tucked away within beautiful,<br />
tranquil gardens. The ideal setting for corporate meetings, or private hire; our bespoke meeting rooms<br />
have an abundance of character and charm. We have full conference facilities, ample parking<br />
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<strong>IQ</strong> business support<br />
NEVER<br />
THAT WOULD HAPPEN TO US<br />
Helping businesses keep safe,<br />
Miles Vartan emphasises the importance of<br />
risk assessment and management<br />
Over the weekend you have seen an<br />
article on TV showing a raging fire<br />
in a warehouse. All the stock in the<br />
building and adjacent buildings has<br />
been lost; the Chief Fire Officer<br />
cannot confirm that all those who<br />
were in the warehouse when the<br />
fire started have been accounted for,<br />
and is suggesting that the fire was<br />
probably caused by arsonists.<br />
Imagine being in this situation and<br />
how devastating it would be... ‘Thank<br />
goodness that was not us’ you may say<br />
to a fellow Director on Monday. But<br />
could it have happened to you, and<br />
what are you doing now to prevent<br />
your company from having to suffer<br />
such devastating circumstances?<br />
This scenario was discussed when<br />
we set up our Risk Management<br />
Bureau. Where could you go to get<br />
Crisis Management and Business<br />
Continuity, Health & Safety and<br />
Security advice? Our vision was and<br />
is to provide an accessible source of<br />
competent advice, which if used, will<br />
reduce any company’s risk profile,<br />
and be a go-to source of information<br />
and help when attempting to assess<br />
risk.<br />
Making sure that your company is<br />
adhering to The Health & Safety<br />
at Work Act 1974 is a good starting<br />
point for ensuring that all risks are<br />
assessed. Auditing where you are in<br />
relation to this key piece of legislation<br />
will create a clear picture as to where<br />
there are gaps in your protection<br />
strategy. Recovering from a serious<br />
accident where an employee, a<br />
contractor or a member of the<br />
general public has been hurt or even<br />
killed, will put financial performance<br />
into stark perspective.<br />
As The British Continuity Institute<br />
explains, “Business Continuity<br />
Management is a holistic<br />
management process that<br />
identifies potential impacts<br />
that threaten an organisation<br />
and provides a framework for<br />
building resilience and the<br />
capability for an effective<br />
response that safeguards<br />
the interests of its key stakeholders,<br />
reputation, brand and value creating<br />
activities.”<br />
Spend some time considering your<br />
company’s Risk Management<br />
strategy and give yourself the<br />
comfort of knowing that you are<br />
taking positive steps to reduce such<br />
an incident from happening. As<br />
my Secret Santa mug says, “A little<br />
risk management saves a lot of fan<br />
cleaning”!!<br />
More Information<br />
www.milesvartan.co.uk<br />
Our vision was and is to provide an accessible source<br />
of competent advice, which if used, will reduce any<br />
company’s risk profile, and be a go-to source of<br />
information and help when attempting to assess risk.<br />
issue <strong>12</strong> | page 65
<strong>IQ</strong> review<br />
Article by Georgia Watson<br />
BOOK REVIEW<br />
Speak So Your Audience Will Listen: 7 Steps to<br />
Confident and Successful Public Speaking<br />
Author: Robin Kermode<br />
Pendle Publishing, 2013<br />
Available in paperback or Kindle edition<br />
Bio<br />
As a professional actor, Robin<br />
Kermode has had to give his<br />
fair share of speeches and<br />
soliloquies with applause and<br />
aplomb, so who better to<br />
advise you on successful public<br />
speaking? One of Europe’s<br />
leading communication<br />
coaches, Kermode has worked<br />
with CEOs, boards and senior<br />
professionals, to teach them<br />
how to structure presentations<br />
and pitch them in a confident<br />
and creative manner. Providing<br />
seven steps to becoming a<br />
successful public speaker,<br />
Kermode promises to change<br />
your attitude towards those<br />
dreaded work presentations or<br />
important wedding speeches.<br />
Review<br />
Written in language that’s easy<br />
to understand, Kermode’s<br />
seven steps are broken down<br />
into sections that you can<br />
dip in and out of whenever<br />
you feel a confidence boost<br />
is required. With simple, yet<br />
effective diagrams, Kermode’s<br />
useful information can be<br />
easily digested and then put<br />
into practise with a series<br />
of end of chapter exercises.<br />
Tackling the way you deal with<br />
nerves, your body language<br />
and even the structure of your<br />
presentation, this book covers<br />
plenty of ground for one that<br />
only has seven steps. As it also<br />
explores the selling techniques<br />
that often come hand-in-hand<br />
with public speaking, this book<br />
is for many readers, from<br />
those looking to conquer their<br />
fear of giving presentations to<br />
those needing to boost their<br />
sales figures or those who just<br />
want to give a speech at a<br />
friend’s wedding.<br />
Rating<br />
4/5. Right from the start, this<br />
book acts as a friendly and<br />
helpful guide, giving you small<br />
snippets of information which<br />
instantly encourage you to<br />
read on; Kermode’s seven steps<br />
will have you feeling confident<br />
within just a few chapters.<br />
With constant exercises to test<br />
your new knowledge, you’ll<br />
feel as though you’re learning<br />
something from the very first<br />
page, as you put Kermode’s<br />
lessons into action.<br />
issue <strong>12</strong> | page 66
<strong>IQ</strong> <strong>IQ</strong> showcase review<br />
Article by Lauren Wilson<br />
BOOK<br />
REVIEW<br />
Zero to One: Notes on Start Ups,<br />
or How to Build the Future<br />
Author: Peter Thiel with Blake Masters<br />
Virgin Books, 2014. Available as ebook<br />
and hardback<br />
Bio: Peter Thiel is an American entrepreneur, venture<br />
capitalist and hedge fund manager. He is also the co-founder<br />
of Paypal, and was the first outside investor in Facebook,<br />
acquiring a 10.2% stake in 2004 for $500,000. Ranked #4<br />
on the Forbes Midas List of 2014 at $2.2 billion, it’s fair to say<br />
Thiel knows what he’s talking about when it comes to start-up<br />
businesses.<br />
Whilst studying 20th century philosophy at Stanford<br />
University, Thiel met friends Keith Rabois, David O. Sacks,<br />
and Reid Hoffman, who joined him in making up part of the<br />
‘Paypal Mafia’, a group of Paypal founders and employers<br />
who went on to create technology companies such as<br />
LinkedIn, YouTube, Tesla Motors, Palantir Technologies,<br />
Yelp and Yammer.<br />
Thiel co-founded PayPal in 1998 alongside Max Levchin; it<br />
went public on 15th February 2002 and was sold to eBay for<br />
$1.5 billion later that year. Thiel made early-stage investments<br />
in numerous start-ups, including Booktrack, Slide, LinkedIn,<br />
Friendster, Rapleaf, Geni.com, Yammer, Yelp, Powerset,<br />
Practice Fusion, MetaMed, Vator, Palantir Technologies,<br />
IronPort, Votizen, Asana, Big Think, CapLinked, Quora,<br />
Rypple, TransferWise, Nanotronics Imaging, Stripe, and<br />
Legendary Entertainment.<br />
In Spring 20<strong>12</strong>, Thiel taught Stanford class CS 183 Start-up,<br />
where student Blake Masters made avid notes. Those notes<br />
led to the release of Zero to One in September 2014.<br />
Review: For those considering starting a<br />
business, there is no better person to seek<br />
advice from than Peter Thiel. Focusing<br />
his writing away from the typical how-to<br />
manual this genre dictates, he instead opts<br />
to engage his readers by providing them<br />
with different ways of thinking before<br />
beginning their venture. Posing questions,<br />
Thiel asks us to look to the future in a way<br />
that proves to be a unique, and arguably, a<br />
more successful style of book.<br />
The stimulating read is supported by Thiel’s<br />
upbeat and optimistic approach to building<br />
a start-up company, and his unconventional<br />
way of thinking is inspiring. Often, however,<br />
Thiel can divert on tangents which takes<br />
away from the glory of his offbeat thinking<br />
to create almost arrogant sounding rants.<br />
The book does feature some great themes<br />
and is definitely worth a read if you’re<br />
looking for something slightly out of the<br />
ordinary.<br />
Rating: 3/5. When Thiel keeps within his<br />
area of expertise, his prose is inspiring with<br />
many bold points.<br />
issue <strong>12</strong> | page 67