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<strong>Issue</strong> <strong>19</strong>: December - february<br />
issue <strong>19</strong> | page 1
iQ welcome<br />
welcome to the nineteenth edition of iq business magazine,<br />
a quarterly publication that offers insight and inspiration<br />
to sme business owners in cambridgeshire and suffolk<br />
Keep us up-to-date with your latest<br />
business news and press releases.<br />
Please email gemma@cubiqdesign.co.uk<br />
WEBSITE<br />
www.iqmag.co.uk<br />
FOLLOW US ON TWITTER<br />
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Contact us<br />
01638 666432<br />
email info@iqmag.co.uk<br />
When I started iQ magazine, five years ago, we were<br />
in the thick of doom and gloom. Amid the recession<br />
and banking crisis, I brought iQ to the table to bring a<br />
little positivity to the press. There is always good news<br />
to be celebrated but this was always overshadowed by<br />
the latest economic forecast or British brand either<br />
going bust or moving production out of the UK. Fast<br />
forward two years and things were looking rosy, all<br />
was stable and the economy was growing. Around the<br />
region things seemed a little more chirpy and upbeat<br />
within the business circles I socialise in. Then BOOM,<br />
we went full circle. This year we have coped with Brexit<br />
bringing an unprecedented amount of uncertainty.<br />
I felt and still feel for those whose businesses rely on<br />
exporting to and importing from the EU, and indeed<br />
the British Chambers of Commerce who have recently<br />
invested so much into encouraging and supporting their<br />
members to export. Then of course Trump, lets hope he<br />
isn’t the dissapointment we all predict; the world has its<br />
fingers crossed for this guy to succeed and not endanger<br />
everyone’s economies or world peace.<br />
So whilst things remain uncertain and unsettling, as a<br />
business owner I won’t be worrying. Why worry about<br />
the unknown? We will be keeping our head down,<br />
focusing on what we are good at: delivering a great<br />
service to our clients. So, as we look to the future, i’d like<br />
to say to all our readers and supporters of iQ magazine,<br />
here’s to a triumphant 2017.<br />
Gemma Treby<br />
to receive your free issue of iq each quarter<br />
Visit www.iqmag.co.uk and sign up to the iQ database.<br />
issue <strong>19</strong> | page 5
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iQ contents<br />
In THIS<br />
ISSUE<br />
Gemma Treby Editor<br />
John Treby Creative Director<br />
Sammi Nice PR & Editorial Executive<br />
Elyssa Fagan PR & Marketing<br />
Rachel Cracknell PR & Marketing<br />
Pete Townshend PR & Marketing<br />
Becca Plaxton Publication Sales<br />
Adam Blythe Designer | Rachael Savory Designer<br />
Matt Cockerton Designer | Eugene Hector Designer<br />
James Willcox Designer | Steve Parr Designer<br />
Expert Contributors<br />
Glen Mon Hughes<br />
James Pinchbeck | Jacqui Burke<br />
Jacqui Kemp | Marc Barnes | Paul Brophy<br />
|John Bridge OBE | Lorna Kempsell<br />
Cubiqdesign<br />
Goodwin Business Park<br />
Newmarket, CB8 7SQ<br />
01638 666432<br />
www.iqmag.co.uk<br />
08<br />
10<br />
12<br />
15<br />
16<br />
<strong>19</strong><br />
23<br />
27<br />
29<br />
30<br />
35<br />
37<br />
39<br />
41<br />
44<br />
49<br />
52<br />
55<br />
57<br />
61<br />
62<br />
Business Overview<br />
Securing Grant Funding<br />
Creating Certainty Over the Uncertainty<br />
Don’t Be Scared to Think About You<br />
Family Business and Succession Planning<br />
Investment and Efficiency: The Growth of<br />
Our Region<br />
Marshall Motor Group: Masters of Evolution<br />
Untangling the Devolution Debate<br />
Will Cambridgeshire and Peterborough get<br />
their Mayor?<br />
Generation Forecast<br />
Are They Really Self-employed?<br />
The Primary Causes of Absenteeism<br />
Legal Lesson: Website Terms and Conditions<br />
Top Under 30: 2016 Round Up<br />
Business Diary<br />
Marking Milestones<br />
The Old Adage<br />
Understanding Branding<br />
A Guide to Corporate Venues<br />
Book Review: How to Have a Good Day<br />
Book Review: If I Could Tell You Just One Thing<br />
issue 18 | page 7
iQ overview<br />
Glen Mon Hughes sums up<br />
the changing landscape of our<br />
political world<br />
It was Harold Wilson who said, back in the <strong>19</strong>60s, that<br />
a “week is a long time in politics”.<br />
At the end of 2016, it feels as though the entire political<br />
order of the world is changing. The momentous Brexit<br />
vote in June led to a summer of recriminations but, at<br />
the pace of a very tired and sclerotic snail, progress is<br />
being made and the calls for a second referendum seem<br />
to have abated.<br />
But more could be at stake in Europe in 2017. Angela<br />
Merkel has said that she will stand for a fourth<br />
term as German Chancellor. Her party suffered an<br />
embarrassing defeat earlier this year in her home state<br />
and the German people do not appear happy with her<br />
stance on immigration.<br />
There’s a French presidential election, too, and many<br />
pundits expect Marine Le Pen of the far right National<br />
Front to reach the final run-off. Should she win, then<br />
Frexit is firmly on the cards. What, then, would happen<br />
to Europe if one of the<br />
most pro-European countries and a founding member<br />
of the original European Economic Community voted<br />
to leave?<br />
The other political earthquake, of course, has taken<br />
place across the Atlantic. And that could prove to be<br />
more far-reaching and hard-hitting than any potential<br />
break-up of Europe. It’s probably fair to say that<br />
no-one expected Trump to triumph – even if Hillary<br />
Clinton actually won the popular vote – and nobody’s<br />
quite sure what to expect, especially in terms of<br />
business.<br />
He promised, while on the stump, to repeal Obamacare<br />
and to build that infamous wall along the border<br />
with Mexico. The Obamacare massacre<br />
appears to have been watered down and<br />
the wall has turned into a fence. He’s also<br />
said that, on day one, he would repeal the<br />
Trans-Pacific Partnership. That’s led the<br />
Japanese into panic.<br />
So, what are the business prospects? Will<br />
there be a post-Brexit free-trade deal with<br />
the USA? Or will the UK face the same<br />
punitive tariffs with which Trump threatens<br />
issue <strong>19</strong> | page 8
iQ overview<br />
to confront China? Will he reduce corporation tax in<br />
order to tempt companies back to the USA and will<br />
Theresa May follow up with similar action in Britain?<br />
Will NATO still exist?<br />
There are so many questions to answer and so many<br />
uncertainties remaining. For businesses, it seems that<br />
Champagne may not be the best way to celebrate the<br />
arrival of 2017.<br />
And yet, there is plenty of good news around. The fact<br />
that Nissan will build its new vehicle in the UK and that<br />
Google is to recruit 1,000 people to its new European<br />
HQ in London, shows that the predicted flight of jobs<br />
from the UK to Europe is not necessarily happening.<br />
Unemployment continues to fall, with small businesses<br />
taking the credit. “Those moving from unemployment<br />
into work are much more likely to become selfemployed<br />
or work for a small business than a large<br />
business,” said Mike Cherry, national chairman of<br />
the Federation of Small Businesses. But he did give a<br />
warning, echoing what is often heard in East Anglia,<br />
saying that the UK has failed to keep pace with<br />
the rapid rise in self-employment. He called for the<br />
government to prioritise much-needed infrastructure<br />
investment, including providing access to superfast<br />
broadband and clarifying that there will be<br />
no increase in the small business tax burden.<br />
That is particularly important in the East<br />
of England, where more than 86,000 small<br />
businesses have been set up since 2010.<br />
As the New Year dawns, where are we<br />
going in eastern England? Cambridgeshire<br />
Chamber has already said that it believes<br />
the Devolution Deal will reap major<br />
harvests for the area. “The Chamber believes that the<br />
Devolution Deal is a key component in ensuring that<br />
Cambridgeshire and Peterborough receive the necessary<br />
investment required to continue to secure the future<br />
economic growth that is anticipated from our highperforming<br />
region,” they have said. Their belief is that<br />
the new deal could create a new £20 million annual<br />
fund for Cambridgeshire and Peterborough for the next<br />
30 years to support economic growth, development of<br />
local infrastructure and jobs.<br />
Then there are new deals around affordable housing in<br />
Cambridge and other housing deals.<br />
In the rest of the region, the Chancellor’s new proposals<br />
regarding infrastructure should ensure that the wish-list<br />
of road improvements and new rail links will actually<br />
happen. Who knows? With the government finally<br />
agreeing that the third runway at Heathrow is going<br />
to happen – well, watch this space – that could mean<br />
additional investment in the East of England, given<br />
its improved links to the centre of economic attention.<br />
And then there is always Stansted... an airport ripe for<br />
development.<br />
A year ago, who would have imagined where we might<br />
have been economically? The pound is wavering<br />
between lows and meagre gains. Share prices are<br />
soaring. Business in the East of England seems robust.<br />
But then there’s Brexit. And Trump. And who knows<br />
what... Interesting times lie ahead.<br />
More information<br />
www.iqmag.co.uk<br />
issue <strong>19</strong> | page 9
iQ advice<br />
The team at Signpost 2 Grow, the Greater Cambridge<br />
Greater Peterborough LEP’s free business signposting<br />
service, has reviewed just some of the grants currently<br />
on offer to local businesses.<br />
Signpost 2 Grants<br />
Offering grants of between £2,000 and £20,000,<br />
Signpost 2 Grants helps businesses looking to invest in<br />
their growth. Signpost 2 Grants can cover a wide range<br />
of purchases, from machinery and refurbishment costs<br />
through to new websites and CRM systems.<br />
The grants can cover up to 20% of the total project<br />
cost and the project should have a positive impact on<br />
the growth of the business – whether that be by the<br />
creation of new jobs, securing new sales, or increasing<br />
your profits.<br />
Innovation Bridge<br />
Innovation Bridge is a gateway to university expertise<br />
for SMEs who have not yet assessed Higher Education<br />
Innovation Funding. It can provide support for growth<br />
and innovation in these businesses by providing finance<br />
and longterm collaboration opportunities. There are<br />
three key steps to the process. The first is a triage<br />
interview to assess your business’ needs, the second is<br />
up to 20 hours of support to develop an innovation<br />
action plan in partnership with a university partner.<br />
The final stage is the opportunity to access capital and<br />
revenue grant funding of between £1,000 and<br />
£15,000,<br />
which can be<br />
used to cover up to 30% of<br />
the total innovation project costs.<br />
Better Off in Business<br />
Delivered by the Prince’s Trust, Better Off in Business<br />
provides young people aged between 18 and 30 who<br />
are unemployed and have a viable business idea, with<br />
the support they need to set up a business. Small grants<br />
are also available to turn a business idea into reality.<br />
issue <strong>19</strong> | page 10
iQ advice<br />
Knowing where to find the right funding to support the growth of your business<br />
can be a daunting task. You may think that grant funding is a thing of the past,<br />
but you’d be wrong… If you are looking to grow your business, and invest in new<br />
capital purchases, then there could be a grant available to help<br />
Business Energy Efficiency (BEE)<br />
Local businesses can benefit from a free Energy<br />
Efficiency Audit and Report carried out by experienced<br />
professionals, and access to grant funding to implement<br />
any of the suggested energy savings found. Grants of<br />
up to £20,000 are available and can cover up to 25%<br />
of the total project cost.<br />
Knowledge Transfer Partnership & KEEP+<br />
Knowledge Transfer Partnerships (known as KTPs) and<br />
KEEP+ are part-funded initiatives to help businesses<br />
connect with the skills, expertise and specialist<br />
knowledge they need to grow, thanks to Anglia Ruskin<br />
University and partners.<br />
The scheme brings businesses together with qualified,<br />
high-calibre graduates and academics to increase<br />
business productivity, competitiveness and profitability.<br />
Grant funding is available to fund up to 67% of the<br />
partnership costs, with additional potential funding also<br />
available for capital purchases.<br />
Top Tip<br />
Remember - with all grants it is vital to get a signed<br />
agreement in place before you spend any money. It<br />
is almost impossible to secure grant funding after you<br />
have made a purchase!<br />
More Information<br />
Signpost 2 Grow<br />
01638 311707<br />
www.signpost2grow.co.uk<br />
To find out more about any of these grants,<br />
please contact one of our Signpost 2 Grow<br />
Navigators on 01638 311707 or by emailing<br />
hello@signpost2grow.co.uk. All advice provided<br />
by Signpost 2 Grow is completely free of charge<br />
and can also be accessed online 24/7 via<br />
www.signpost2grow.co.uk.<br />
issue <strong>19</strong> | page 11
iQ advice<br />
Creating Certainty<br />
over the Uncertainty<br />
Whilst the true impact of the<br />
decision to leave the EU will<br />
probably not be known for many<br />
years, there certainly does seem<br />
to be an air of uncertainty within<br />
the business community. James<br />
Pinchbeck, of Streets Chartered<br />
Accountants, investigates<br />
We are hearing anecdotal evidence that some sectors<br />
are already feeling the impact of the decision, whether<br />
they are in property and construction or reliant on<br />
migrant labour.<br />
With consumer confidence strong and the economic<br />
growth forecast still positive overall, business is not in<br />
a bad place and thoughts shouldn’t turn to economic<br />
downturn.<br />
issue <strong>19</strong> | page 12
iQ advice<br />
Uncertainty and confidence could in some cases be more a state of<br />
mind founded on a lack of knowledge and a sense of loss of control.<br />
Perhaps it is the unknown that is underpinning our rational, even<br />
irrational thoughts. Most businesses though, adopt the approach<br />
that if we don’t know what is happening, then it is easy not to do<br />
something, or, to do something would require a level of work or<br />
activity that is not preferred or desired.<br />
For those looking to assess the impact of Brexit<br />
on their business, the starting point might be<br />
around what might change or what is going<br />
to be different. It would seem some of<br />
the changes or challenges ahead are:<br />
• Workforce related, with perhaps for<br />
some businesses a mix of increased<br />
shortages of labour/skills, plus the<br />
potential increase in the wage bill<br />
• The increased cost of imported goods<br />
and raw materials, with the weakening<br />
of the pound<br />
• New trading terms and tariffs for<br />
individual EU member countries if we<br />
come out of the single market, as well,<br />
perhaps, for our non EU counterparts in<br />
the rest of the world<br />
• The potential threat of increased tax<br />
charges to cover the cost of exit and to<br />
underpin the economy during the exit<br />
process<br />
• Changes and variations to tax<br />
legislation generally, as we no longer<br />
have to align with or adopt EU tax<br />
legislation<br />
• Loss of and/or no new funding from<br />
the EU for social and economic projects,<br />
including those linked to infrastructure,<br />
business or deprivation<br />
• The potential re-location of UK<br />
offices of leading global players, if we<br />
come out of the single market.<br />
Whilst there are bound to be other<br />
concerns creating uncertainty for the<br />
period ahead, perhaps the best approach<br />
to deal with this is to scenario plan,<br />
assessing the likelihood of something<br />
occurring, along with the impact such<br />
an event may have on your business.<br />
With such knowledge, at least thoughts<br />
can be given as to how you might<br />
mitigate adverse situations or capitalise<br />
on the more favourable ones. Certainly,<br />
the UK’s exporters should benefit from<br />
the weakening of the pound, and, if you<br />
are a trade negotiator, you are likely to<br />
be in demand.<br />
More information<br />
James Pinchbeck is Marketing Partner with Streets<br />
Chartered Accountants a Top 40 UK accountancy firm.<br />
Email info@streetsweb.co.uk or visit<br />
www.streetsweb.co.uk<br />
issue <strong>19</strong> | page 13
Don’t Be Scared<br />
to Think About You<br />
Marc Barnes, of Timeline Wealth Management, suggests<br />
that it’s about time SME business owners think about<br />
themselves and their future<br />
iQ advice<br />
When it comes to discussing a client’s personal<br />
worth in their business, this is normally where I<br />
hear, “Whatever somebody is willing to pay for it!”<br />
This is usually because they really do not know the<br />
true answer. As an adviser to company directors<br />
and owners, I often see them working all the<br />
hours possible, making sacrifices to themselves over<br />
employees, with no thanks given and just grievances<br />
like the kettle needs replacing!<br />
Most owners go into business to make money and<br />
to have the freedom to make their own choices. But<br />
unfortunately, this does seem to get lost at some point,<br />
and they do not spend enough time on themselves to<br />
enjoy the rewards of being a business owner.<br />
I have seen all kinds of business owners over the<br />
years, and, when you add up their worth, they do<br />
seem to be asset rich but cash poor. They could be<br />
running a business that turns over a large amount of<br />
money and generates good profits; however, they are<br />
scared to take some of it, just in case the business<br />
goes through a lean spell. I have also known business<br />
owners to drive around in a beaten-up Volvo estate,<br />
when their employees may have the latest BMW.<br />
When it comes to working out what individual<br />
owners want out of their lives financially, I look at<br />
what the owner is worth as a whole, in their personal<br />
circumstances and in the business, but I also focus on<br />
them personally, as, being a business owner myself, I<br />
fully understand the trials and tribulations that you<br />
have to go through.<br />
So here’s a New Year’s resolution I suggest you<br />
consider. Take some time to think about yourself and<br />
ask yourself something like the following questions:<br />
• What am I worth now?<br />
• What do I want my life to look like when I do<br />
decide to stop?<br />
• When do I want to stop?<br />
• Am I getting the right work/life balance?<br />
• Does the car need replacing?<br />
All in all, think about you.<br />
“All in all, think about you.”<br />
More Information<br />
www.timelinewealth.com<br />
issue <strong>19</strong> | page 15
iQ advice<br />
Family<br />
Businesses<br />
and Succession<br />
Planning<br />
Paul Brophy, of Streets Chartered Accountants,<br />
asks if succession is strictly taboo when it comes to<br />
family businesses<br />
issue 18 | page 16
iQ advice<br />
Succession planning for family-owned businesses is all too often a taboo subject within the family which own<br />
and run them. It is certainly not untypical to hear that the more senior members of the family feel that the next<br />
generation, who may be middle aged, are not yet ready to take over the reins. The antithesis is perhaps that the<br />
senior generation really don’t want to let go, with the business being both their life and livelihood – a situation that<br />
is often exacerbated by the lack of retirement plans. Whilst the family members who are engaged in a business<br />
will often talk about and discuss day to day matters, few will take the time to face the issues over the future and<br />
succession.<br />
Succession<br />
planning for<br />
family-owned<br />
businesses is<br />
all too often<br />
a taboo subject<br />
within the<br />
family which<br />
own and<br />
run them.<br />
In previous generations, not facing up to, or dealing with, succession may have been less<br />
consequential. However, with an ever-changing world impacting on the viability of<br />
businesses and the growing need to provide financially for family members living<br />
longer in retirement, there is perhaps a greater need than ever to look to the<br />
future and consider succession sooner.<br />
For most, succession is likely to involve one generation taking over from<br />
the other - a process which is fine if the next generation is willing and<br />
capable of doing so. A passion for the business and an appreciation<br />
of family values are often a prerequisite. A lack of business skills<br />
and attributes may give rise to the need to receive support and<br />
guidance. Certainly, experience shows that more and more<br />
members of family businesses are benefiting from working in<br />
other organisations prior to returning to take up roles in their<br />
own business. Many are also benefiting from participating in<br />
formal business education or support from a business mentor.<br />
In the event that there isn’t a family member to take on the<br />
business, with alternative employment or other interests<br />
being of greater attraction, then an option may be to retain<br />
ownership of the business as a family, with the appointment of a<br />
General Manager or Managing Director. Such an approach will<br />
require careful recruitment for this role, with the need to balance<br />
commercial concerns with a family’s business values.<br />
Perhaps the last resort for many family businesses would be to consider<br />
sale, as it could create a sense of loss. For some, however, it might be the<br />
best route, especially if the sale is planned well in advance to ensure the<br />
best financial return and to manage the family’s reputation and standing.<br />
Whichever option is taken, successful succession requires family members to have<br />
an open dialogue, to plan for the future and to ensure that a plan is followed through.<br />
Undoubtedly this process is likely to benefit from the involvement of the business’ wider<br />
advisers, be they accountants, lawyers and bankers or other business acquaintances. Succession for<br />
family businesses will then hopefully become an everyday conversation.<br />
More information<br />
Paul Brophy, Partner, Streets<br />
Chartered Accountants, a Top 40 UK accountancy firm.<br />
Email pbrophy@streetsweb.co.uk or visit<br />
www.streetsweb.co.uk<br />
issue <strong>19</strong> | page 17
2017<br />
FIXTURES<br />
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SUMMER ON THE<br />
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THE MOËT & CHANDON JULY FESTIVAL Thurs 13 July - Ladies Day<br />
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TWO YEAR OLD DAY Wed 25 Oct<br />
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iQ reports<br />
Investment<br />
and efficiency:<br />
The Growth of our Regions<br />
Every year, accountant and consultant firm, Grant Thornton,<br />
analyses our region’s economic performance. The organisation<br />
reveals the top 100 companies in Suffolk and Cambridgeshire and<br />
we’re pleased to review the results for 2016<br />
Located in Newmarket, iQ magazine’s headquarters enjoy the best of both regional<br />
business worlds. We cover some of the best stories from the dynamic and vibrant<br />
Cambridgeshire businesses as well as intriguing insights into how Suffolk’s businesses<br />
are striving to be more efficient and targeted to increase profits. Our locality allows us<br />
to attend both Cambridgeshire Ltd and Suffolk Ltd conferences, and we are excited to<br />
discover how both regions have performed in 2016 by investigating the Grant Thornton<br />
business landscape reports.*<br />
issue <strong>19</strong> | page <strong>19</strong>
iQ reports<br />
Embracing Change: Cambridgeshire Ltd<br />
The way we do business is changing<br />
and Cambridgeshire is embracing<br />
this change like no other county.<br />
In the last two years, the region<br />
has seen significant investment;<br />
Cambridgeshire delivered profits<br />
of over £1bn, with the top 100<br />
companies turning over £10.3bn,<br />
a 1.6% increase on 2015, and<br />
employment has grown by 4%. This<br />
continued expansion is underlined<br />
by business confidence that thrives<br />
on challenges, innovation and a<br />
dynamic economy. Cambridgeshire<br />
is growing and it’s not set to stop.<br />
Two of the most notable<br />
investments made in 2016 include<br />
the relocation of the pharmaceutical<br />
and biopharmaceutical company,<br />
AstraZeneca to the Cambridge<br />
Biomedical Campus** as well as<br />
the £107m acquisition for Marshall<br />
Motors. This acquisition was the<br />
biggest to date for the organisation,<br />
and you can read more about this<br />
achievement for Marshalls in an<br />
interview with CEO Daksh Gupta<br />
on page 23.<br />
Technology remains<br />
Cambridgeshire’s largest and most<br />
profitable sector, consisting of<br />
23 companies with a combined<br />
turnover of £2,455m. The sector is<br />
the second highest employer in the<br />
region, with the highest levels of pay<br />
at £50,100 (on average), compared<br />
with the UK national average of<br />
£22,000. The high levels of pay<br />
demonstrate the fiercely competitive<br />
market for highly skilled people<br />
in this sector, especially within<br />
Cambridge and the surrounding<br />
villages.<br />
With technology as<br />
Cambridgeshire’s largest sector,<br />
we’ve taken a look at other UKwide<br />
reports that help to indicate<br />
this growth. According to The<br />
Geography of Creativity in the UK,<br />
creative industries are growing faster<br />
than any other business in the UK,<br />
and Cambridge and Peterborough<br />
are marked as two cities that are<br />
thriving and growing in this area.<br />
Although the biggest creative hubs<br />
are found in major cities such as<br />
London, Bristol and Manchester,<br />
smaller areas are becoming<br />
increasingly significant, including<br />
Cambridge and Peterborough.<br />
Cambridgeshire remains a county<br />
that attracts people because of<br />
the wealth of its economic and<br />
social opportunities. The number<br />
of people employed in the region<br />
has risen by 4%, with the average<br />
salary being £31,700. Cambridge<br />
and Peterborough also remain the<br />
locations with the highest number<br />
of people employed.<br />
Cambridgeshire continues as<br />
the leading county across East<br />
Anglia. The combined turnover<br />
figure for Norfolk, Suffolk and<br />
Cambridgeshire equates to £20m,<br />
of which Cambridgeshire accounts<br />
for approximately half. As stated<br />
within the Grant Thornton report,<br />
the highest average salary for the<br />
Eastern area is £31,700, some<br />
£9,000 higher than Norfolk and<br />
Suffolk. The technology sector<br />
significantly influences this.<br />
Another notable change<br />
for Cambridgeshire, is the<br />
unprecedented shift in the<br />
make-up of the region. In 2016<br />
many companies left the index<br />
due to the changes of ownership,<br />
and 14 new companies joined.<br />
This is particularly exciting, as<br />
the entry level to the Top 100 was<br />
significantly higher than previous<br />
years, again, demonstrating a region<br />
that thrives on challenges and<br />
embraces change, for the better.<br />
Suffolk has a slightly different<br />
personality to Cambridgeshire.<br />
issue <strong>19</strong> | page 20
iQ reports<br />
Targeted Investments: Suffolk Ltd<br />
It’s a calm and efficient county, one that is diligent and<br />
slightly more isolated, due to its geography. The county<br />
is cautious but efficient, and this is shown as it builds on<br />
its post-recession emergence in a very positive way.<br />
employer with 52% of staff from the Top 100 businesses<br />
working in this sector. Despite the National Living Wage<br />
increase in April 2016, the average wage for this sector<br />
has decreased by 5.7% to £10,861.<br />
In 2016, a healthy 4.2% increase in turnover has been<br />
reported in Suffolk, from £142m in 2015 to £14.7m<br />
in 2016. Operating profit increased by 7.3% and profit<br />
before tax rose an additional 11.4%. 12 companies<br />
left the Top 100 and 12 joined, leaving 88 continuing<br />
companies featuring over the last two years.<br />
The region’s index is made up of six sectors; Transport<br />
and Motor Retail, Property and Construction, Food<br />
and Agriculture, Manufacturing, Retail and Wholesale<br />
and Services. With the Port of Felixstowe remaining<br />
the busiest container port in the UK, it’s obvious that<br />
Transport and Motor Retail remains the most dominant<br />
industry in the region, contributing £1.8bn of Suffolk<br />
Ltd’s operating profit. Maritime Group and Turners<br />
continue to be the largest companies in the sector, with<br />
both organisations reporting increases<br />
in turnover over the year.<br />
With regard to investment,<br />
Suffolk is slightly more frugal<br />
than Cambridgeshire, and this is<br />
demonstrated in the balance sheet.<br />
Fixed assets were down 2.4% and cash<br />
reserves were significantly up.<br />
This indicates that this region is<br />
perhaps more cautious about investing<br />
in longer-term capital projects.<br />
When looking at employment across<br />
Suffolk, Services remain the largest<br />
The gender pay gap and diversity in the workplace<br />
is a topic that continues to gain momentum. As<br />
the Government is bringing in legislation requiring<br />
companies with over 250 employees to start reporting<br />
on the gender pay gap, the Suffolk Ltd report highlights<br />
some interesting insights from the Top 100 businesses in<br />
the region. The report has investigated the constitution<br />
of directors within the top businesses, and reviewed if<br />
there was a difference in the male and female split in<br />
those organisations where it was family owned, rather<br />
than a group or individual managing the business. The<br />
report revealed that only 20% of directors in Suffolk<br />
Ltd were women, whilst 53 of the Top 100 businesses<br />
have no female directors at all. The split between family<br />
involvement in a business within the Top 100 was 50:50.<br />
Of the 53 organisations that had no female directors,<br />
only 17 of those are family owned businesses.<br />
An interesting insight from the ‘diversity in the<br />
boardroom’ report, found that the 47 companies that<br />
had female directors make up 51% of the total for<br />
Suffolk Ltd. This could be interpreted as indicating that<br />
businesses with female directors are higher performing,<br />
or that larger businesses tend to have larger boards<br />
and hence, are more likely to have women as directors.<br />
However, we will let you decipher the answer to<br />
this analysis, whilst you take in these results and see how<br />
they apply to your business! All in all, a great result for<br />
both region and we look forward to next year’s results,<br />
in the wake of the political changes the country will face<br />
throughout 2017.<br />
* Both reports are compiled using the most recent publicly available accounts of the county’s 100 largest companies. The companies<br />
included in the reports are those that are managed in the county. Businesses that are owned overseas or where management and strategic<br />
decision makers are based outside the region are excluded.<br />
** As there is no 2015 comparative, Grant Thornton have decided to exclude AstraZeneca's relocation from this year's analysis.<br />
However, we have drawn attention to this investment, as we wanted to show the continued growth in the region.<br />
issue <strong>19</strong> | page 21
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iQ profile<br />
Marshall<br />
Motor Group: masters of evolution<br />
With 2016 seeing the largest acquisition<br />
in Marshall Motor Group’s history,<br />
and indeed the largest in the industry<br />
for over a decade, we speak to Chief<br />
Executive, Daksh Gupta, about the<br />
past, present and future of one of<br />
Cambridge’s largest businesses<br />
Marshall of Cambridge was originally established in<br />
<strong>19</strong>09 by David Gregory Marshall in a humble lockup<br />
garage in Brunswick Gardens. Since then, it has<br />
evolved and prevailed in the face of countless changes<br />
and challenges in business, legislation and technology<br />
- not to mention two World Wars. Today, it is one of<br />
the largest organisations in its sector, but what is the<br />
secret of such longevity?<br />
“Firstly, one thing I’ve been impressed with over that<br />
period is the stability the company has had in terms<br />
of leadership,” says CEO, Daksh Gupta, when asked<br />
the very same question. “Over 107 years, there have<br />
only been 6 Chief Executives - that must be some<br />
sort of record, I could imagine!” he laughs.<br />
Mr Gupta singles out the company’s approach to<br />
doing business as the second biggest reason for<br />
its longevity, continuing, “Our core values around<br />
people, customer service, innovation and integrity<br />
were set up by our original founder back in <strong>19</strong>09,<br />
and those values are still with the company today.”<br />
Marshall prides itself on holding these values around<br />
people and customer service very close to its heart.<br />
When employing 4,100 people across 121 business<br />
locations and 25 counties, it is very important to<br />
ensure that everyone is on the same page.<br />
“Irrespective of their role within the organisation,<br />
everyone must have an induction on day one,” says<br />
Mr Gupta. “The main reason we do that is because<br />
we want people to understand what the company<br />
stands for, what our vision is and what our values<br />
are,” he explains.<br />
And it’s definitely working. Not only is this evident<br />
in Marshall’s long-term success, but also in the<br />
company being named as one of the UK’s Best Large<br />
Workplaces by the Great Place to Work Institute.<br />
The Evolution of an Industry<br />
Since Mr Gupta joined the company in 2007,<br />
underlying sales have grown from £300m to £2.3bn,<br />
so he has seen a huge amount of change. One of the<br />
biggest of these changes has been the market evolving<br />
with the sector around consolidation in order to give<br />
the customer more choice. “If you went into one<br />
dealership, they may have £1m worth<br />
issue <strong>19</strong> | page 23
iQ profile<br />
of stock, but we as a group, given our size, have a<br />
third of a billion pounds’ worth of stock,” he says.<br />
“That is going to give customers more choice, and it<br />
means that, with our scale, we can negotiate better<br />
deals with our various suppliers, making us more<br />
competitive,” he explains, concluding, “This is not<br />
only good news for our customers, but is also good<br />
news for our shareholders.”<br />
But the biggest challenge has come with the impact<br />
of technology and how this has affected consumer<br />
behaviour.<br />
“If you go back 15 or 20 years, the customer would<br />
typically visit 5 or 6 car showrooms. They would go<br />
from showroom to showroom, picking up brochures,<br />
doing test drives, getting a range of what car they<br />
thought was ideal for them, getting an idea of what<br />
their part exchange might be worth and what finance<br />
deals were available,” recalls Mr Gupta. “Today,<br />
through technology, customers don’t need to go into<br />
the showroom, they can do all the research online, so<br />
instead of visiting 5 or 6 car showrooms, they’re now<br />
visiting just one.”<br />
However, the vast majority of people still make<br />
their actual purchase at a dealership, so although<br />
behaviours have changed and footfall has dropped, it<br />
is all about seeing the advantages.<br />
“It is a good thing, because it gives the customer<br />
more choice and access to information. And it also<br />
helps us, because our conversion rates are much<br />
higher,” he explains. “If the customer already knows<br />
what they want, it means that although we see less<br />
people, when a customer walks through our door, the<br />
quality of that individual from a sales point of view is<br />
very high.”<br />
The Evolution of a Company<br />
The key to overcoming the challenges of an evolving<br />
sector is to ensure your company evolves with it,<br />
which is exactly what Marshall has done.<br />
For example, by embracing advances in technology<br />
and replacing paper with iPads, Marshall has made<br />
its sales processes less cumbersome for its customers.<br />
“Using technology is a much nicer experience for the<br />
customer than filling out forms. It also gets rid of that<br />
natural barrier of sitting behind a desk,” explains Mr<br />
Gupta.<br />
Another example of embracing technology is the<br />
design of the company’s website and in-house<br />
systems. As Mr Gupta tells us, “If a customer in<br />
Cambridge visits our website, they can see what any<br />
of our cars are, anywhere in the country, at any one<br />
time. Likewise internally, we’ve got the same sort of<br />
systems - all designed to put the customer first and<br />
give them more choice.”<br />
This constant development continues to this day, with<br />
2016 marking the biggest acquisition the company<br />
has ever seen, that of Ridgeway Motor Group, worth<br />
£107m - a transformational deal for Marshall, which<br />
Mr Gupta ascribes to the support of his strong team:<br />
“I’ve bought and sold over 140 dealerships in 9 years,<br />
so I’ve got a lot of experience myself, but presiding<br />
over something of that magnitude was a big project.<br />
It took us 8 or 9 months to get it across the line, and<br />
there was a huge amount of work from the team,”<br />
he remembers. “I’m very lucky that I’ve got a great<br />
team of people around me, so we were able to get it<br />
delivered.”<br />
The Evolution of a Continent<br />
Another landmark that was seen in 2016, was that of<br />
Britain’s decision to leave the European Union. Of<br />
all the speculation surrounding the UK’s ‘Brexit’, the<br />
potential negative implications for the motor industry<br />
have been high on the list of discussions.<br />
However, although not pretending to be able to<br />
predict the future, while some are panicking, Mr<br />
Gupta is remaining calm, believing that the nature<br />
of the industry will be its biggest protection: “Last<br />
time we had a big<br />
recession, back<br />
in 2008, we saw<br />
consumer confidence<br />
go through the floor<br />
and ultimately sales<br />
of high ticket items,<br />
be that cars, be that<br />
houses, be that travel,<br />
went through the<br />
floor as well. But I<br />
think there’s one big<br />
issue <strong>19</strong> | page 24
iQ profile<br />
difference to where we are today - customers don’t<br />
buy cars anymore, they lease them,” he explains.<br />
“81% of the customers that we sell new cars to are<br />
on some form of PCP, which is an unbelievable<br />
number. This modern way of buying cars means we<br />
as an industry are protected a lot more when it comes<br />
to consumer confidence.”<br />
When asked about the potential effects on tarifffree<br />
trade, Mr Gupta adopted a cautiously positive<br />
attitude, saying that Europe has too much to lose from<br />
imposing levies: “If you take the UK, a record 2.65<br />
million cars were sold in this country last year and<br />
there will probably be a similar sort of number this<br />
year. Interestingly, a third of those vehicles, including<br />
the number one top-selling car, the Ford Fiesta, are<br />
manufactured in Germany,” he says. “Who knows<br />
where Brexit will go, but do we really think that the<br />
Europeans, or in particular Germany, who are clearly<br />
very dominant within the EU, are not going to want<br />
to make sure that they’ve got keen deals with the UK,<br />
and vice versa, for what it’s worth?”<br />
He also highlighted the Government’s obvious desire<br />
to protect the industry, as shown by its recent dealings<br />
with Japanese automotive giant, Nissan. However, he<br />
stopped short of making any solid predictions, saying,<br />
“The automotive industry collectively employs about<br />
800,000 people and is one of the biggest industries in<br />
the UK, so I can’t see why the EU and the UK would<br />
have a fall out on that. But equally, there is a lot of<br />
concern as to what that might look like, and to say<br />
there isn’t a risk would be naive or stupid.”<br />
Overall, apart from obvious worries about how<br />
currency exchange movements will affect pricing, Mr<br />
Gupta’s view is to<br />
keep cam and carry<br />
on. “I don’t think<br />
we’ve seen Brexit<br />
yet, it’s still too<br />
early. I can’t control<br />
politicians, I can’t<br />
control currency<br />
fluctuations, all I can<br />
do is make sure we<br />
treat our customers<br />
really well, treat our<br />
people really well and do the best job that we can. It<br />
will be what it will be, but I think we’ll be in a good<br />
place as an organisation, and that’s all we’ve got to<br />
focus on.”<br />
Looking to the Future<br />
With the New Year around the corner, we were<br />
eager to find out what 2017 holds for Marshall. “As<br />
a company, we’re in a really good position: we’ve got<br />
a great business, great brands, a great geographical<br />
footprint and one of the highest brand coverages of<br />
any group in the UK,” Mr Gupta explains. “Likewise,<br />
if you think about the original core Marshall<br />
businesses operating in some fantastically affluent<br />
markets like Cambridgeshire, we’re in a good place<br />
and I think we’re ambitious, which you can see from<br />
our growth in the last 9 years,” he adds.<br />
And, if the going gets tough, Mr Gupta is confident<br />
that Marshall can continue to evolve to make the best<br />
out of any situation. “If it does get tougher, I think<br />
we’ll see more opportunities come to the marketplace<br />
in respect to further acquisition opportunities, and<br />
we’re very well placed to take advantage of that,”<br />
he says, adding one last piece of advice: “However,<br />
one of the things I always say when it comes to<br />
acquisitions is that they should always make strategic<br />
sense for the business and financial sense for the<br />
shareholders.”<br />
More information<br />
Marshall Motor Group, The Airport<br />
Newmarket Road, Cambridge, CB5 8RY<br />
Tel: 01223 377000. www.marshall.co.uk<br />
issue <strong>19</strong> | page 25
UnTangling the Devolution Debate<br />
Devolution has sometimes been rather a dirty word in political<br />
circles, Glen Mon Hughes discusses<br />
iQ opinion<br />
When the Blair government announced its intention<br />
to allow the Scots and the Welsh more say in their<br />
own affairs, the people north of the border showed<br />
considerable enthusiasm for the re-establishment<br />
of their own Parliament. In Wales, the assent for<br />
devolution was a little more lukewarm.<br />
London, of course, welcomed the opportunity and,<br />
under mayors Ken Livingstone, Boris Johnson and,<br />
now, Sadiq Khan, major infrastructure projects have<br />
been planned, funded and completed.<br />
The plans for northern cities<br />
to run their own affairs<br />
have been greeted<br />
with considerable<br />
enthusiasm in<br />
places such as<br />
Manchester,<br />
Liverpool and<br />
Leeds. And yet,<br />
the North East<br />
rejected proposals<br />
for devolution to<br />
the region.<br />
So what might<br />
happen in the East of<br />
England?<br />
The plans proposed by the government have been<br />
agreed between 22 local authorities in Norfolk,<br />
Suffolk, Cambridgeshire and Peterborough, as well<br />
as the New Anglia Local Enterprise Partnership.<br />
What is clear is that the Greater Ipswich City Deal<br />
and Greater Norwich City Deal, both of which<br />
were agreed in 2013, and the Greater Cambridge<br />
City Deal agreed in 2014, will remain in place. So,<br />
too, will the New Anglia and Greater Cambridge<br />
and Greater Peterborough Growth Deals, agreed in<br />
2014 and 2015.<br />
The deal will certainly be significant, with the<br />
devolved authority spending more than £1bn.<br />
Some £900m will be invested in infrastructure and<br />
£170m will be invested in housing schemes.<br />
As a result, instead of a distant body in Whitehall<br />
making decisions for local people, discussions<br />
and the allocation of funding for infrastructure,<br />
economic growth, employment and skills will be<br />
made by the people in the areas it is meant to serve.<br />
According to Cllr Jennie<br />
Jenkins, chair of the<br />
Suffolk Public Sector<br />
Leaders Group,<br />
the deal is highly<br />
significant. “East<br />
Anglia delivers<br />
some significant<br />
economic<br />
benefits to<br />
UK plc and<br />
beyond, through<br />
agriculture, on<br />
and offshore<br />
energy as well as<br />
research and innovation in<br />
science and technology.”<br />
But there is opposition to the plans and not<br />
everyone is behind the proposal, something which<br />
has frustrated Mid-Norfolk MP George Freeman<br />
who has long advocated the ‘Eastern Powerhouse’.<br />
He points to pockets of real deprivation just a<br />
half hour’s drive from the global university city<br />
of Cambridge. “We’ve got to think much more<br />
strategically about our area. If we were more<br />
ambitious and worked together we could raise a lot<br />
of investment internationally for East Anglia,” he<br />
comments.<br />
More information<br />
www.iqmag.co.uk<br />
issue <strong>19</strong> | page 27
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Will Cambridgeshire and<br />
Peterborough get their Mayor?<br />
John Bridge OBE DL, Chief Executive, Cambridgeshire<br />
Chambers of Commerce, gives his opinion<br />
iQ opinion<br />
There’s a plan on the table that could see £20 million<br />
invested in securing Cambridgeshire’s economic growth<br />
every year for the next 30 years – but it all depends on<br />
our local authorities giving the proposal their seal of<br />
approval.<br />
Devolution of powers, and crucially funding, would<br />
see responsibility for decisions on housing, transport<br />
and major infrastructure transferred down from central<br />
government to a local combined authority. It’s a move<br />
that we believe would ensure decisions are made by<br />
those who truly understand local economic needs and<br />
the trends of our local area.<br />
Original plans for a tri-county deal that would have<br />
seen a regional Mayor presiding over Cambridgeshire,<br />
Norfolk and Suffolk were abandoned in March<br />
after organisations, including our own and the<br />
Greater Cambridge Greater Peterborough Enterprise<br />
Partnership, lined up to protest that it was a bad deal<br />
for Cambridgeshire.<br />
Along with many others, we feared the Government<br />
was trying to bulldoze through the wrong devolution<br />
solution, one which we believed was being driven by<br />
political expediency, and which didn’t fully recognise<br />
the ultimate negative economic consequences<br />
for Cambridgeshire and Peterborough.<br />
After months of negotiations and<br />
consultations, a one-county deal<br />
which we believe is best placed to<br />
help Cambridgeshire and Peterborough<br />
continue to realise their potential is on<br />
the table, and all eyes are on the local<br />
authorities concerned to put policy before<br />
politics and do what’s right for the county.<br />
Under the proposals, a combined<br />
authority, led by a Mayor, would<br />
be responsible for a new £20<br />
million annual fund for the<br />
next 30 years to support<br />
economic growth, development of local infrastructure<br />
and jobs, and £170 million for affordable housing,<br />
including rent, shared ownership and new council<br />
housing, both in Cambridge City and across the wider<br />
area.<br />
Spending priorities already identified include<br />
supporting the delivery of the Wisbech-Cambridge rail<br />
connection, transport infrastructure improvements such<br />
as the A14/A142 junction and upgrades to the A10,<br />
A47 and Ely North junction, rail improvements and<br />
investment in local skills.<br />
Through the Enterprise Partnership, which will have<br />
full voting rights as a member of the proposed new<br />
combined authority, the views and needs of the<br />
business community would continue to be robustly<br />
represented under the plans.<br />
A lot of hard work has already been put into creating<br />
a great deal for Cambridgeshire. Now it’s down to the<br />
individual local authority members to unanimously<br />
fully support and approve the deal at their own full<br />
council meetings.<br />
More information<br />
www.cambridgeshirechamber.co.uk<br />
issue <strong>19</strong> | page 29
iQ opinion<br />
Generation<br />
Laurence Ward<br />
A-level student at Walden<br />
School. Age: 17<br />
1. What are the issues that currently concern<br />
you at the moment and how do you see these<br />
impacting on your future?<br />
The competition for jobs in an increasing global<br />
market, where the importance of location<br />
is becoming less significant as a result of<br />
technological advances.<br />
2. Where do you see your future?<br />
Due to the increasing rate of change, my future is<br />
with small to medium sized agile enterprises, who<br />
through the adoption of new technology, will retain<br />
competitiveness.<br />
3. What major changes do you see impacting<br />
your future within the next 20 years?<br />
The ageing population, which will accelerate due<br />
to developments in genetic medicine, is causing an<br />
increase in the dependency ratio.<br />
4. What challenges and opportunities do you<br />
think this future will present?<br />
As a result of the ageing population, working<br />
people will have to pay more tax, and therefore<br />
have less disposable income. However, it opens up<br />
new opportunities for innovative ideas that help<br />
cater for the demand of an ageing population.<br />
Grace Powell<br />
A-level student at Walden<br />
School. Age: 17<br />
1. What are the issues that currently concern<br />
you at the moment and how do you see these<br />
impacting on your future?<br />
Going to University will enable me to become<br />
qualified and more skilled within my subject area,<br />
however student debt is a real concern for me,<br />
especially as it may rise even further and will take<br />
years to pay off.<br />
2. Where do you see your future?<br />
I am hoping to have a job in Human Rights,<br />
specifically in regard to wealth distribution and<br />
race in third world countries.<br />
3. What major changes do you see impacting<br />
your future within the next 20 years?<br />
I anticipate more opportunities to take part in<br />
enrichment programmes globally, which will benefit<br />
my knowledge and accessibility to universal issues.<br />
4. What challenges and opportunities do you<br />
think this future will present?<br />
The opportunities – to raise awareness of current<br />
global affairs, especially to young people who may<br />
not be interested, as the issues don’t affect them<br />
directly. The challenges – costs of fundraising and<br />
general living costs are likely to increase in the<br />
future, making a noticeable change far harder to<br />
realise.<br />
issue <strong>19</strong> | page 30
iQ asks four different<br />
generations the same four<br />
questions about the future<br />
of business<br />
iQ opinion<br />
Forecast<br />
Ryan Windsor<br />
Director at Windsor Properties<br />
Age: 27<br />
1. What are the issues that currently concern<br />
you, and how do you see these impacting on<br />
your future?<br />
2016 has been a rollercoaster year, with some<br />
landmark changes. The ones that stand out the most<br />
are Brexit, the changes to tax on rental properties and<br />
Trump. All of these will impact on both the UK and<br />
global economy, especially in the property industry.<br />
My main business is in investing in dilapidated houses<br />
and renovating them. Brexit and the tax changes<br />
will ultimately make this more difficult, and will also<br />
impact on the already horrendous housing shortage<br />
here in the UK.<br />
2. Where do you see your future?<br />
If you had asked me this six months ago, I would<br />
have said 99% the same as before, but as I have<br />
consulted with my accountant, solicitor and business<br />
advisors, I’ve started to look at new opportunities,<br />
providing services to other business professionals in<br />
consultancy, digital marketing and seed investment<br />
in start-ups. I’ve done this because of recognising<br />
opportunities, and also to mitigate the risk of having<br />
all my eggs in one basket.<br />
3. What major changes do you see impacting<br />
on your future in the next 20 years?<br />
Apart from the normal things such as government<br />
policies, tax and technology, the main factor I see<br />
impacting on my future is the global economy. We<br />
are, I feel, in a very similar position to where we were<br />
in 2007. Debt-wise, many people and corporations<br />
have been taking on huge amounts of debt, and with<br />
this, increased risk. If there is another financial crisis,<br />
this could see a huge deflation in the economy that<br />
will affect all manner of businesses and thus people’s<br />
lives. On the flip side, it’s never been easier to start<br />
a sustainable business, and, for relatively little money,<br />
you could be up and running, generating a side<br />
income that incorporates your passion.<br />
4. What challenges and opportunities do you<br />
think this future will present?<br />
One challenge which I hope we can overcome is the<br />
lack of financial awareness many people have. I feel<br />
that the school system and government has let many<br />
people down, this needs to be addressed to ensure<br />
people’s financial literacy increases and therefore we<br />
are less reliant on debt. I believe that when people<br />
have more control over their finances, this can<br />
improve their life dramatically and thus they can take<br />
advantage of new and exciting opportunities, either<br />
for personal or professional reasons.<br />
issue <strong>19</strong> | page 31
<strong>IQ</strong> iQ opinion advice<br />
Pete Wortley<br />
Non-Exec Director & Executive Coach at Performance Through People Professionals<br />
Age: 46<br />
1. What are the issues that currently concern<br />
you, and how do you see these impacting on<br />
your future?<br />
I think that the biggest issue in the UK is the hysteria<br />
surrounding Brexit. A number of people are wasting<br />
a significant amount of energy fighting the decision<br />
which has been made by the country and worrying<br />
about its impact, rather than focusing on how to make<br />
the most of the opportunities it brings and how to<br />
mitigate the downside.<br />
2. Where do you see your future?<br />
I enjoy the impact I have on the people and the<br />
businesses I work with. We have had a great deal of<br />
success in creating sustainable change for our clients.<br />
I’m expecting our business to grow gradually, and am<br />
looking forward to bringing new coaches into the team<br />
and mentoring them.<br />
3. What major changes do you see impacting on<br />
your future in the next 20 years?<br />
The largest limitation is finding people who are<br />
capable of joining our team. We need coaches who<br />
have significant experience at a senior level, who care<br />
about making a difference and who possess the ability<br />
to create the right degree of discomfort in order to<br />
engender change in individuals. It has taken us 8 years<br />
to build our team of 10 partners, so we are pretty<br />
selective!<br />
4. What challenges and opportunities do you<br />
think this future will present?<br />
More and more people are starting to build a portfolio<br />
of careers, rather than dedicating themselves to one<br />
organisation. That brings opportunities for us in<br />
two areas: in being able to recruit skilled, capable,<br />
experienced individuals to our team who want to<br />
work part-time as a coach supporting others, and in<br />
expanding our client base of individuals who want<br />
coaching. Building a portfolio career requires a high<br />
degree of resilience and mental toughness, something<br />
we specialise in developing in our clients.<br />
issue <strong>19</strong> | page 32
iQ opinion<br />
Matthew Darroch-Thompson<br />
Chair at Suffolk Chamber of Commerce<br />
Age: 62<br />
1. What are the issues that currently concern<br />
you, and how do you see these impacting on<br />
your future?<br />
In the Chamber of Commerce, at present we are<br />
most exercised about encouraging long-term ‘joined<br />
up’ planning investment in the infrastructure of our<br />
county. This should not only bring employment in<br />
itself, but also generate increased business confidence<br />
and opportunities for everyone. Obvious examples<br />
are investment in transport, broadband and mobile<br />
phone coverage, as well as making it easier for an<br />
entrepreneur to set up a new business.<br />
2. Where do you see your future?<br />
I hope to carry on with my work in the Chamber,<br />
as well as in my own company. It’s vital that all<br />
businesses have plenty of younger, energetic talent,<br />
but every organisation also needs a few grey hairs,<br />
people who have been around a bit! Most problems<br />
have cropped up before, and experienced heads can<br />
often spot them earlier than less experienced ones.<br />
3. What major changes do you see impacting<br />
on your future in the next 20 years?<br />
The structural changes to the working world that the<br />
internet has produced are only just beginning. We<br />
haven’t seen the half of it yet. Initially we will see<br />
a huge growth in the ‘gig’ economy, and already it<br />
seems to me that most school leavers and graduates<br />
assume that they will start their own business at<br />
some point. That idea ever hardly occurred to my<br />
generation when we left education. Of course, in 10<br />
or so years we may see the pendulum swinging back<br />
again towards consolidation; some Branson-like figure<br />
may find a way to gather together, for example, all<br />
self-employed designers, carpenters or professionals<br />
into corporate structures. Uber is already starting this<br />
process with taxi drivers.<br />
4. What challenges and opportunities do you<br />
think this future will present?<br />
The increase in flexibility of generating an income<br />
brings challenges as well as freedoms. If I’m right<br />
about the growth of the ‘gig’ economy, then there<br />
needs to be more education for those who are part<br />
of it about managing money, in particular how to<br />
survive in lean times and in one’s later years. The<br />
notion of a fixed ‘retirement’ date will, I think, vanish<br />
for almost all but public sector employees. A natural<br />
development of the growth in self-employment will<br />
be the ability to work for far longer but at a reducing<br />
pace, but this needs planning.<br />
At 30 years old, members of the ‘gig’ economy need<br />
to think about how their career structure might<br />
develop, so they can slow up a bit when they want<br />
or need to. This also offers opportunities for major<br />
career changes late in life which would have been<br />
impossible until recently. A friend of mine in her late<br />
50s, is giving up a well-paid job in finance to retrain<br />
as a teacher. I also know a man who had a career in<br />
forestry who, in his 60s, is now training people to go<br />
prospecting for gold. If we’re all going to live longer,<br />
we need to work longer – or die of boredom.<br />
More information<br />
www.iqmag.co.uk<br />
issue <strong>19</strong> | page 33
Are they really<br />
self-employed?<br />
Jacqui Burke of Flourishing People, encourages you to ask<br />
this question regarding any self-employed team members<br />
iQ HR<br />
In October, HMRC announced that it planned to<br />
crack down on businesses that use self-employed<br />
contracts as a way of reducing their tax burden. It<br />
believes that up to half a million people in the UK<br />
may be wrongfully classed as self-employed by their<br />
employers, denying them protections<br />
such as maternity pay and pensions, at<br />
a cost to the Treasury of £300 million<br />
in lost tax and National Insurance<br />
contributions. This announcement was<br />
swiftly followed later the same month<br />
by a landmark employment tribunal<br />
ruling against Uber, which made<br />
it clear that their 40,000 drivers<br />
in the UK must be treated as<br />
workers and paid the National<br />
Minimum Wage. And yet, in<br />
spite of all this publicity, I continue<br />
to have worrying conversations with<br />
clients who are contracting with their<br />
staff on a self-employed basis, and<br />
assume this is just a matter of<br />
personal choice. This is perhaps<br />
particularly the case where a selfemployed<br />
sole trader is expanding<br />
and taking on staff, but wrongfully<br />
believes that because they are selfemployed<br />
themselves, that their staff<br />
will be too. People I have spoken<br />
with about this recently were not<br />
aware that HMRC has very strict<br />
criteria which it uses to determine<br />
whether an individual can be classified<br />
as self-employed, and that to fail to employ someone<br />
correctly, and pay them through the PAYE system, is a<br />
serious offence. The HMRC website provides a simple<br />
checklist that employers can use to determine whether<br />
someone working for them should be classed as<br />
employed or self-employed. In summary,<br />
an individual can only be classified as<br />
self-employed if they:<br />
• Are in business for themselves, are<br />
responsible for the success or failure<br />
of their business, and can make a<br />
loss or a profit<br />
• Can decide what work they do and<br />
when, where or how to do it<br />
• Can hire someone else to do<br />
the work (sub-contracting)<br />
• Are responsible for fixing any<br />
unsatisfactory work in their own<br />
time<br />
• Have agreed a fixed price for<br />
their work - it doesn’t depend on<br />
how long the job takes to finish<br />
• Use their own money to buy<br />
business assets, cover running<br />
costs, and provide tools and<br />
equipment for their work<br />
• Can work for more than one<br />
client<br />
To help you get this right, you’ll<br />
find more detailed information<br />
at www.gov.uk/government/<br />
collections/employed-or-selfemployed<br />
More Information<br />
Flourishing People<br />
07770 477688<br />
www.flourishingpeople.co.uk<br />
Jacqui Burke established Flourishing People to help smaller,<br />
local firms develop their people to be the best they can be.<br />
www.flourishingpeople.co.uk<br />
issue <strong>19</strong> | page 35
The primary causes of<br />
absenteeism<br />
In the light of the recently released Absence Management<br />
Survey, Jacqui Kemp highlights the key points and gives advice<br />
to employers<br />
iQ HR<br />
The 2016 national survey of absence management<br />
trends was released in November. 1,091 companies,<br />
comprising a total of 1.8 million people, took part in<br />
the survey run by The Chartered Institute of Personnel<br />
and Development (CIPD). The report found that stress<br />
is the top cause of long-term absence and the second<br />
highest cause of short-term absence, after minor illness.<br />
Nearly a third of respondents reported an increase in<br />
stress-related absence over the past year.<br />
The Top Causes of Work-related Stress<br />
Workload and management style were found to be the<br />
most common causes of work-related stress, which is<br />
good news, as we can do something to address these<br />
areas and reduce stress at work.<br />
Workload and Stress<br />
I believe that when we look at workload, we need to<br />
look at what it is that the individual finds stressful about<br />
their workload and then work together to address the<br />
issues.<br />
So much of what causes stress is down to the<br />
perception of the person. Asking people if they<br />
feel they are managing their workload well, and<br />
what it is they feel needs to be changed, can<br />
help uncover the cause and identify a solution.<br />
Are they being perfectionist, do they lack the<br />
skills or knowledge that would help them to<br />
be more effective, or is something else at play that is<br />
creating discomfort for them?<br />
Management Style and Stress<br />
What is it about the management style that causes<br />
stress? Is it the ‘accidental manager’ issue - for example,<br />
a great technician may be promoted but lacks the<br />
ability to manage people well? Do your managers<br />
delegate effectively? Do they know how to start difficult<br />
conversations? Do they hide from conflict? Do they<br />
communicate effectively?<br />
No matter what the reason, poor management style can<br />
be addressed with management training which focuses<br />
on skills development and behaviour changes.<br />
Whatever the Answer, Do Something<br />
It may be that something other than workload and<br />
management style is causing stress in your workplace.<br />
So take the time to understand the root cause of the<br />
problem in your workplace, and work with your people<br />
to address the problem, helping you to reduce and<br />
prevent stress at work.<br />
Namasté Culture helps<br />
organisations shape performance<br />
through psychological wellbeing.<br />
To find out more call<br />
0<strong>19</strong>54 267640.<br />
More Information<br />
For more information call 0<strong>19</strong>54 267640<br />
www.namasteculture.co.uk<br />
issue <strong>19</strong> | page 37
iQ advice<br />
Edmondson Hall was founded in <strong>19</strong>94 by Mark<br />
Edmondson and Anna Hall initially to provide<br />
legal services to the bloodstock and equine industry.<br />
We’ve enjoyed successful expansion and now offer<br />
comprehensive legal services to a diverse range of<br />
clients in a wide range of areas including commercial<br />
property, corporate commercial, employment<br />
law, equine law, family law, litigation and dispute<br />
resolution, personal injury and fatal accidents,<br />
private client wills and probate, residential property<br />
and sports law. An area that has significantly grown<br />
for the business in the last few years is the legal<br />
requirements for businesses for digital purposes,<br />
be these website policies, cookies or gathering data<br />
online.<br />
to protect users of the website as well as the website<br />
owner.<br />
Before drafting website Ts & Cs, one needs to review<br />
what exactly the website does or will do. The types<br />
of Ts & Cs or policies can vary greatly depending on<br />
the type of website, and additional policies or T & Cs<br />
may be needed.<br />
Some questions to consider are:<br />
• Does or can a user log in to your website?<br />
• Can users post comments on your website?<br />
• Can users upload material or contribute to projects<br />
on your website?<br />
Website Terms and Conditions<br />
Most businesses have a website, but not all have<br />
considered the laws and regulations which<br />
govern their use. If you have or operate a<br />
website, you should provide a set of terms and<br />
conditions (Ts & Cs) on your website. Website<br />
terms and conditions are important as they<br />
provide the website’s users with a clear<br />
understanding of how they are allowed to<br />
use the website, and of both their and<br />
your associated rights. Website terms<br />
and conditions can be used to satisfy<br />
a variety of different obligations and<br />
requirements, and can also be used<br />
Legal Lesson: Website Terms<br />
and Conditions<br />
Lorna Kempsell, Chartered Legal<br />
Executive at Edmondson Hall,<br />
discusses the legality of listing Ts & Cs<br />
on your website
iQ advice<br />
• Do you provide services or sell products through<br />
your website?<br />
• Is your business regulated?<br />
If the answer is yes to any of the above, then it is<br />
likely that either additional policies or additional<br />
Ts & Cs will be needed.<br />
The Privacy Policy<br />
More and more people are becoming aware of their<br />
rights to privacy. If a website collects personal data<br />
either via contact forms, account registration or<br />
cookies, then a privacy policy will be needed. The<br />
privacy policy should provide clear guidance on<br />
what data is collected, how it is used and where it is<br />
stored or processed, to avoid receiving complaints. In<br />
addition, if you wish to send marketing<br />
information to a user then, generally,<br />
their consent is required. This<br />
consent is usually obtained by<br />
having an ‘opt in’ box at the point<br />
contact details are obtained. There<br />
will also need to be an option to ‘opt<br />
out’ of any further communications<br />
in any marketing communication<br />
sent. The key to keeping users signed<br />
up is ensuring the communications<br />
are relevant and interesting to the<br />
audience and are received at a reasonable<br />
frequency. Users are less likely to opt in<br />
to their data being transferred to a third<br />
party, so having separate ‘opt in’ boxes<br />
for your communications and third party<br />
communications is also recommended.<br />
Website Cookies<br />
Generally, if a website uses cookies, or other<br />
similar technologies, consent is required from the<br />
user. A user should be able to have the option to<br />
either accept or decline the use of cookies. If you<br />
choose not to provide the ability to do this, then<br />
users should be made aware that cookies are<br />
being used at a very early stage. This is to<br />
allow the user either to stop using the website<br />
or change their browser settings before a cookie is<br />
set. Common ways of doing this include pop-ups and<br />
banners or ribbons at the bottom or top of websites,<br />
informing users of the use of cookies. These popups<br />
or banners should then link to a detailed cookie<br />
policy.<br />
There are additional requirements with regard to<br />
personal data which need to be considered and<br />
which may include registering your business with<br />
the Information Commissioner’s Office. Failure to<br />
comply with the laws in respect of privacy can result<br />
in an investigation by the Information Commissioner,<br />
and, currently, a fine of up to £500,000. Once the<br />
new General Data Protection Regulation has been<br />
implemented, some infringements could result in<br />
fines of up to 4% of annual global turnover or €20<br />
million, whichever is greater. The UK Government<br />
has recently confirmed that the new General Data<br />
Protection Regulation will be implemented in the<br />
UK, despite the referendum result. At a minimum,<br />
website Ts & Cs should include:<br />
• Who you are<br />
• Who is operating the website (if not you)<br />
• Who you are regulated by (if applicable)<br />
• Contact details<br />
• Details of any other terms and conditions that<br />
will apply<br />
• Copyright and Trademark information (and use of<br />
trademarks and copyrighted material)<br />
• Permitted use of the website<br />
• Your liability<br />
• Privacy Policy<br />
• Cookie Policy<br />
• Governing law and jurisdiction<br />
• How you will notify users of changes to the terms<br />
and conditions.<br />
If you have any questions with regard to<br />
website terms and conditions, privacy policies,<br />
cookie policies or in respect of the legal<br />
requirements concerning websites or privacy,<br />
please contact Lorna Kempsell on 01638 560556<br />
or email lkempsell@edmondsonhall.com.<br />
More Information<br />
Edmondson Hall Solicitors & Sports Lawyers<br />
25 Exeter Road, Newmarket, CB8 8AR<br />
Tel: 01638 560556<br />
www.edmondsonhall.com<br />
issue <strong>19</strong> | page 39
'Big enough to cope but<br />
small enough to care’<br />
CorporateINTL<br />
GLOBAL AWARDS<br />
WINNER 2016
iQ top under 30<br />
As 2016 draws to a<br />
close, we caught up with<br />
a few of our Top Under 30<br />
winners for a round up of their<br />
year in business<br />
It’s that time of year again: late night shopping<br />
under twinkling lights, elaborate window displays, festive<br />
social gatherings and the ever-entertaining ‘Secret Santa’! It<br />
could mean frantic rushes, roaring trade or well-deserved relaxation, but<br />
whatever your business, this is a time for reflection on the year that has passed<br />
and anticipation for the future. With this in mind, we spoke to Sadie Burton,<br />
Callum Bradley and Joe Carrisi to find out about the challenges and highlights that<br />
2016 brought, and what they are most looking forward to in the New Year.<br />
issue <strong>19</strong> | page 41
iQ top under 30<br />
Sadie Burton, Brides By Solo<br />
Sadie takes a leading role at Brides By Solo bridal<br />
boutique in Newmarket, not only helping brides to<br />
make that all-important decision, but also making<br />
alterations and tailoring dresses to their needs. Another<br />
aspect of the role that she is passionate about is<br />
attending the bridal catwalk fashion shows to decide on<br />
which dresses to stock the following year.<br />
Biggest highlight?<br />
The shop achieved a 30% sales increase this year, and<br />
I was a key contributor to this success. I take pride<br />
in every wedding dress that I sell, especially when<br />
I’ve chosen a particular style for a bride who wasn’t<br />
expecting to find a dress with us. I enjoy being in a<br />
position where not only am I Assistant Buyer - so I can<br />
choose what dresses we purchase for the Boutique - but<br />
I get to see brides pick my styles to wear on their<br />
wedding day. This year I introduced Tea Length<br />
wedding dresses to Brides by Solo, which have been a<br />
resounding success and created a niche market for the<br />
business.<br />
Biggest challenge?<br />
The increase in brides has obviously led to more dresses<br />
needing alterations. I’m the only in-house dressmaker,<br />
so along with my role of Assistant Manager, it’s been<br />
an extremely busy year getting all the extra brides fitted<br />
and out in time. There is no easy answer in wedding<br />
season, we work 24/7, it’s part of the industry. I’m just<br />
looking forward to slowing down for a few months over<br />
the festive period to recoup.<br />
What will make your 2017 great?<br />
Every year new Bridal Collections become available<br />
with new styles and designs. I’m excited to see the new<br />
Boho designs coming through for 2017/18, a personal<br />
favourite of mine. I’m excited that I can influence<br />
what we sell in the shop and be able to attend all the<br />
overseas bridal fashion shows/trade fayres. This is a<br />
fantastic perk to my busy job.<br />
Brides By Solo<br />
Tel: 01638 661648<br />
www.bridesbysolo.co.uk<br />
Joe Carrisi,<br />
Selfie Clothing<br />
Selfie Clothing<br />
Tel: 01638 666432<br />
www.selfieclothing.co.uk<br />
Since joining Selfie Clothing in 2015, Joe hasn’t looked<br />
back. In his varied role in this fast-growing company,<br />
he is continually learning and evolving with the<br />
business. Since working within the role, the business<br />
has seen rapid expansion and is set for a bumper<br />
Christmas. He loves to get stuck in and sees every day<br />
as an opportunity to develop his skills.<br />
Biggest highlight?<br />
My biggest highlight from this year was having Selfie<br />
Clothing picked up by Not On The High Street. We<br />
spent many long hours working on product imagery<br />
and overall awareness in order to gain exposure on this<br />
issue <strong>19</strong> | page 42
iQ top under 30<br />
Callum Bradley, Dufaylite<br />
Dufaylite is a leading independent manufacturer<br />
of ground movement solutions, exhibition stands,<br />
packaging products and fire protection systems. Callum<br />
is a 3D Designer and is responsible for creating<br />
production files for completely bespoke products.<br />
He also provides design guidance and input on the<br />
feasibility, and possible approaches, to a brief or<br />
project.<br />
Biggest highlight?<br />
The introduction of a staff feedback system that<br />
encourages any employee to put forward ideas<br />
for company improvement in any aspect of the<br />
company. This allows areas of improvement to be<br />
easily identified and freely discussed by all, leading to<br />
the formation of a clear roadmap to the successful<br />
implementation of key ideas that will improve the<br />
efficiency of the company.<br />
Biggest challenge?<br />
Creating a project development procedure to help<br />
improve the flow of information around the company<br />
and reduce the lead time between project brief and<br />
customer sign-off. This was done through collaboration<br />
with all staff members to design a series of documents<br />
that allow the input of data from one stage of<br />
development, to people in the following stage that<br />
require it to carry out their own tasks.<br />
What will make your 2017 great?<br />
Expanding my understanding of design in both the<br />
paper industry and the design industry as a whole,<br />
whether it be through utilising new software or<br />
hardware, learning new design methodologies and<br />
processes, or simply just developing new ways of<br />
designing a paper product that delivers a practical and<br />
useful solution to a customer brief.<br />
Dufaylite<br />
Tel: 01480 215000<br />
www.dufaylite.com<br />
fantastic platform. Receiving confirmation from them<br />
was hugely exciting and a fantastic boost. After such<br />
hard work, it was a very proud moment for the Selfie<br />
team!<br />
Biggest challenge?<br />
This has to be the monster task of getting a brand new<br />
product onto the giftware market from scratch. From<br />
the start, we knew we had created something great, but<br />
getting the market to take notice was no mean feat! A<br />
combination of email marketing, sending out samples<br />
and attending industry events, along with many hours<br />
spent on the phone to potential stockists and selling<br />
to retail buyers was tough! But our commitment and<br />
tenacity paid off, with a super-busy Christmas!<br />
What will make your 2017 great?<br />
Overall, I’m looking forward to building on 2016’s<br />
success. We’ve got loads of fantastic ideas in the<br />
pipeline for not only adding brand new designs to<br />
our existing ranges, but also launching entirely new<br />
products to market. 2016 has been amazing for Selfie<br />
Clothing, but I’m determined to make 2017 even<br />
better!<br />
issue <strong>19</strong> | page 43
iQ diary<br />
Bury St Edmunds Networking<br />
Breakfast December<br />
From Regional Brewer to National<br />
Pub Company: The Story of<br />
Greene King, with Chris Houlton,<br />
Managing Director of Brewing<br />
and Brands at Greene King PLC.<br />
Date: 2nd December<br />
Time: 07:30 - 09:00<br />
Venue: Denny Bros Conference Suites,<br />
Kempson Way, Bury St Edmunds<br />
IP32 7AR<br />
Cost: Members £14.58; non-members<br />
£22.92<br />
Contact: Clare Harding tel:<br />
01284 700800 or email clare@<br />
burystedmundschamber.org<br />
After Hours Networking<br />
The evening begins with relaxed<br />
networking opportunities, followed<br />
by fun speed networking, and a<br />
spotlight 10 session. Food provided.<br />
Dates: Cambridge: 6th December,<br />
3rd January. Bury St Edmunds: 7th<br />
December, 4th January. Newmarket:<br />
23rd January<br />
Time: 18:30 - 21:00<br />
Venues: Newmarket: The Ormonde,<br />
Fred Archer Way, Newmarket,<br />
CB6 7XN. Cambridge: The White<br />
Horse, 20-22 High St, Milton,<br />
Cambridge CB24 6AJ.<br />
Bury St Edmunds: Slates Restaurant,<br />
Eastgate Street, Bury St Edmunds<br />
IP33 1YQ.<br />
Cost: £7.50 payable by paypal or<br />
on the door<br />
Contact: Rachel McLeod of R M<br />
Business Services,<br />
www.afterhoursnetworking.co.uk<br />
St Neots Business Coffee<br />
Morning No Fuss No Fees<br />
Meet up with like-minded business<br />
people at this informal coffee<br />
morning. Find new customers and<br />
collaborators, and get help and<br />
advice (and a great breakfast too!)<br />
Dates: 6th & 20th December, 3rd &<br />
17th January<br />
Time: 08:00 - 10:00<br />
Venue: Moores Walk Café, 20 Moores<br />
Walk, St Neots, PE<strong>19</strong> 1AJ<br />
Cost: Free (Breakfast not included)<br />
Contact: RSVP at www.meetup.com<br />
Business in 60: Leadership in<br />
an Uncertain World<br />
Explore the psychological<br />
dynamics between leadership<br />
and followership and find out<br />
how to enhance organisational<br />
cohesiveness in times of economic<br />
uncertainty.<br />
Date: 7th December<br />
Time: 08:30 - 10:00<br />
Venue: Edmunds Restaurant, West<br />
Suffolk College, Out Risbygate, Bury St<br />
Edmunds IP33 3RL<br />
Cost: £10.00 Chamber members only<br />
Contact: Clare Harding,<br />
tel: 01284 700800 or email<br />
clare@burystedmundschamber.org<br />
Connect and Climb<br />
Networking Night<br />
At this night of informal<br />
networking and thrill-seeking,<br />
connect with other businesses in a<br />
truly unique environment.<br />
Date: 7th December<br />
Time: Networking in the café<br />
18:00 - <strong>19</strong>:00; climbing from <strong>19</strong>:00<br />
Venue: Clip n’ Climb, Clifton Road<br />
Industrial Estate, Cambridge CB1 7EB<br />
Cost: Informal networking is free.<br />
Climbing £17.50 per person.<br />
Further information: Please<br />
pre-register. Contact Jenni Misseldine,<br />
Events and Training Co-ordinator on<br />
01223 209810 or<br />
email j.misseldine@cambscci.co.uk<br />
Ely Business Networking<br />
Relaxed, friendly and productive<br />
networking including a 40-second<br />
round, a 4Sight slot, and 3 10<br />
minutes 1-2-1s with people you<br />
choose.<br />
Date: 7th & 21st December,<br />
18th January<br />
Time: 08.00 - 10.00<br />
Venue: The Almonry Restaurant &<br />
Tea Rooms at Ely Cathedral, CB7 4JU<br />
Cost: £13.00<br />
Contact: www.4networking.biz<br />
Bury St Edmunds BoB Club<br />
With no pressure for referrals at<br />
every meeting, BoB Clubs offers<br />
a more relaxed approach. This<br />
recently launched, fast growing<br />
Bob Club is looking for founder<br />
members.<br />
Dates: 8th December, 5th January<br />
Time: 07:30<br />
Venue: The Bushel, 28-29 St John’s<br />
Street, Bury St Edmunds IP33 1SN<br />
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iQ diary<br />
Cost: £12<br />
Contact: Kathryn Fletcher, tel:<br />
07889 364348 or 01284 774779<br />
Suffolk Business Women<br />
Elevenses in West Suffolk<br />
No speakers, no gimmicks, just<br />
relaxed, informal networking<br />
and the chance to share business<br />
ideas, business cards and business<br />
information.<br />
Date: 8th December<br />
Time: 10:30 - 12:00<br />
Venue: Granary Estates, Parsonage<br />
Farm Lane, Woodditton, Newmarket,<br />
CB8 9RZ<br />
Cost: Chamber Members £12.50,<br />
non-members £20.83<br />
Contact: Clare Harding,<br />
tel: 01284 700800 or email<br />
clare@burystedmundschamber.org<br />
Link4Growth Ltd –<br />
Link4Coffee – Ely<br />
An informal drop-in session where<br />
you can unwind, share knowledge<br />
and connect with local business<br />
people and other individuals from<br />
your local community.<br />
Date: 8th December<br />
Time: 10:00 - 11:30<br />
Venue: The Cutter Inn, 42 Annesdale,<br />
Ely, CB7 4BN<br />
Cost: £3.00 for tea/coffee<br />
Contact: Kate Patterson,<br />
tel: 07747 186670<br />
Cambridgeshire Chambers<br />
of Commerce - Chamber<br />
Christmas Lunch<br />
Guest speaker after the festive<br />
3 course lunch is Mark Reeve,<br />
Chairman of Chalcroft Holdings,<br />
Chairman of Greater Cambridge<br />
Greater Peterborough Enterprise<br />
Partnership.<br />
Date: 9th December<br />
Time: 12:00 - 15:00<br />
Venue: St John’s College, St. John’s<br />
Street, Cambridge CB2 1TP<br />
Cost: Chamber members £50.00<br />
(+VAT), non-chamber members £60.00<br />
Contact: Jenni Misseldine,<br />
tel: 01223 209810<br />
Bury Breakfast Club<br />
Network business to business in a<br />
relaxed but structured atmosphere.<br />
Listen to regular guest speakers<br />
from outside of the group, talking<br />
on current business issues.<br />
Dates: 9th & 23rd December, 13th &<br />
27th January<br />
Time: 06:45 - 08:30<br />
Venue: The Centre, St Johns Street,<br />
Bury St Edmunds IP33 1SN<br />
Cost: an initial 3 month commitment<br />
of £72, followed by a regular £24<br />
monthly payment (covers cost of venue<br />
and catering)<br />
Contact:<br />
theteam@burybreakfastclub.co.uk;<br />
www.burybreakfastclub.co.uk<br />
www.afterhoursnetworking.co.uk<br />
Free Business Start Right<br />
Programme<br />
Find out how to finance your startup<br />
and draw up a business plan,<br />
as well as marketing, and the legal<br />
aspects of being self-employed/<br />
working from home.<br />
Dates: 13th December<br />
Time: 09:30 - 13:30<br />
Venue: MENTA, The Vision Centre,<br />
5 Eastern Way, Bury St Edmunds,<br />
IP32 7AB<br />
Cost: free. Teas & coffees provided.<br />
Contact: www.menta.org.uk<br />
BCMS Event<br />
A free, half-day event designed<br />
exclusively for business owners<br />
considering the sale of their<br />
business. Presented by BCMS<br />
founding director Dave Rebbettes.<br />
Date: 14th December<br />
Time: 09:00 - 13:00<br />
Venue: The Cambridge Belfry,<br />
Cambridge, CB23 6BW<br />
Cost: Free<br />
Contact: 01635 296<strong>19</strong>3 or register<br />
online www.bcms.co.uk<br />
Business Best Start Book<br />
Keeping<br />
Find out how to set up a simple<br />
book keeping process, keeping<br />
paperwork, developing a paperbased<br />
system and an Excel<br />
spreadsheet system. For people<br />
who have attended the Business<br />
Start Right workshop.<br />
Date: 14th December<br />
Time: 09:30 - 13:30<br />
Venue: MENTA, 5 Eastern Way,<br />
Bury St Edmunds IP32 7AB<br />
Cost: Free. Teas & coffees provided.<br />
Contact: www.menta.org.uk<br />
issue <strong>19</strong> | page 45
iQ diary<br />
Cambridge South Business<br />
Networking<br />
Relaxed, friendly and productive<br />
networking including a 40-second<br />
round, a 4Sight slot, and three 10<br />
minutes 1-2-1s with people you<br />
choose.<br />
Dates: 14th December, 11th &<br />
25th January<br />
Time: 08:00 - 10:00<br />
Venue: The Granta Centre, TWI<br />
Building, Granta Park, Great Abington,<br />
Cambs CB21 6AL<br />
Cost: £13 (cash only)<br />
Contact: Katie, tel: 07794 546274<br />
Cambridge Alternative<br />
Networking (CAN), Cromwell<br />
Group<br />
The meetings, held in a welcoming<br />
environment which encourage<br />
businesses to get involved, connect<br />
members with our contacts and<br />
help find each other new business.<br />
Dates: 15th & 29th December, 12th<br />
& 26th January<br />
Time: 06:45 - 08:30<br />
Venue: Quy Mill Hotel & Spa,<br />
Church Road, Stow-cum-Quy,<br />
Cambridge CB25 9AF<br />
Cost: £12:50 (+ VAT)<br />
Contact: www.cambscan.co.uk<br />
CamJelly CoWorking Event<br />
Bring your laptop and pop in when<br />
it suits you. Guest Wi-Fi login from<br />
reception. Tea and coffee provided.<br />
From 4pm-ish there’s informal<br />
networking, drinks and chatting,<br />
though the keen can continue<br />
working.<br />
Dates: 16th December<br />
Time: 10:00 - 17:30<br />
Venue: Future Business Centre, King’s<br />
Hedges Road, Cambridge, CB4 2HY<br />
Cost: Voluntary contribution of<br />
£5.00 suggested<br />
Contact: Mark on 07774 168643.<br />
RSVP at www.meetup.com<br />
Cambridge Business Owners’<br />
Mastermind Group<br />
A breakfast meet-up themed<br />
around collaborative problem<br />
solving. The group will brainstorm<br />
solutions to problems facing<br />
members’ businesses.<br />
Dates: 16th December, 20th January<br />
Time: Breakfast 08:45 -10:00;<br />
Co-working 10:00 - 17:30<br />
Venue: Cambridge Business Lounge,<br />
Burleigh House, Burleigh Street,<br />
Cambridge, CB1 1DJ<br />
Cost: Breakfast (rolls, tea, coffee, juice)<br />
£10.00; co-working desk space £12<br />
Contact: Ed Goodman.<br />
www.meetup.com<br />
Business Best Start Book<br />
Keeping<br />
Find out how to set up a simple<br />
book keeping process, keeping<br />
paperwork, developing a paperbased<br />
system and an Excel<br />
spreadsheet system. For people<br />
who have attended the Business<br />
Start Right workshop.<br />
Date: 20th December<br />
Time: 09:30 - 13:30<br />
Venue: MENTA, Haverhill, 2<br />
Hollands Road, Haverhill CB9 8PU<br />
Cost: Free. Teas & coffees provided.<br />
Contact: www.menta.org.uk<br />
Whipping it up at the<br />
Workstation<br />
This monthly, collaborative<br />
networking event combines formal<br />
and informal networking with two<br />
super informative presentations<br />
by a keynote speaker and a guest<br />
speaker.<br />
Dates: 21st December, 18th January<br />
Time: 18:00 - 20:00<br />
Venue: The Work Station 2<br />
Huntingdon Street, St Neots, Cambs<br />
PE<strong>19</strong> 1BG<br />
Cost: £10.00<br />
Contact: RSVP at www.meetup.com<br />
Informal Networking<br />
Evenings<br />
Take advantage of this great<br />
opportunity to make new business<br />
connections. Open to non-<br />
Chamber members. Ask about the<br />
benefits of Chamber membership.<br />
Dates: Ely, 9th January; Cambridge,<br />
<strong>19</strong>th January; Fenland, 25th January<br />
Time: 17:00 - <strong>19</strong>:00<br />
Venues: Ely: The Lamb Hotel, Lynn<br />
Road, Ely CB7 4EJ. Cambridge:<br />
Holiday Inn, Bridge Road, Impington,<br />
Cambridge CB24 9PH. Fenland:<br />
Octavia View, 10a-14 South Brink,<br />
Wisbech PE13 1JQ.<br />
Cost: Free<br />
Contact: Call Peter Watts, the<br />
issue <strong>19</strong> | page 46
iQ diary<br />
Chambers’ Membership Development<br />
Officer, on 07545 697799 or email<br />
p.watts@cambscci.co.uk.<br />
Maximise your<br />
Membership - Cambridge<br />
Find out about the benefits of<br />
membership of the Chamber,<br />
including promotional<br />
opportunities and cost-saving<br />
service provision.<br />
Date: 12th January<br />
Time: 09:30 - 11:00<br />
Venue: Milton Hall Cambridge Ltd,<br />
Ely Road, Milton, Cambridge<br />
CB24 6WZ<br />
Cost: Free. Booking advised.<br />
Contact: Bren Coleman<br />
b.coleman@cambscci.co.uk or call<br />
01223 209811 for more details<br />
Business in 60: Motivation:<br />
Myths and Realities<br />
A fast, fun and informative way to<br />
learn new skills and improve your<br />
business offer. Limited to only 20<br />
delegates per session and available<br />
only to members of Suffolk<br />
Chamber of Commerce.<br />
Date: 18th January<br />
Time: 08:30 - 10:00<br />
Venue: Green Duck, Technology House,<br />
Western Way, Bury St Edmunds,<br />
IP33 3SP<br />
Cost: £10 Members only.<br />
Contact: Clare Harding,<br />
tel: 01284 700800, email<br />
clare@burystedmundschamber.org<br />
www.mychamber.co.uk<br />
Global Business Network<br />
A monthly informal networking<br />
event for exporters or those<br />
considering it. Claire Few, of<br />
Chadwick Export Services, will<br />
talk about international payment<br />
terms, and how you can manage<br />
your risks.<br />
Date: 24th January<br />
Time: 17.00 - <strong>19</strong>.00<br />
Venue: The Moller Centre, Storey’s<br />
Way, Cambridge CB3 0DE<br />
Cost: Free<br />
Contact: For more information please<br />
call Helen Bosett on 01223 209815.<br />
Building your team for the<br />
Future<br />
GetSet for Growth East of<br />
England’s expo is designed<br />
for businesses looking to grow.<br />
Keynote speakers will advise on<br />
how to engage and inspire your<br />
team.<br />
Date: 8th February<br />
Time: 9.00 - 13.00<br />
Venue: Girton College, Huntingdon<br />
Road, Cambridge, CB3 0JG<br />
Cost: free to attend for businesses<br />
expecting to increase their headcount by<br />
20% in the next 12 months.<br />
Contact: Register online: http://www.<br />
getsetforgrowth.com/register/<br />
Coffee means business<br />
No membership, no pressure,<br />
just great networking over coffee.<br />
A relaxed and informal business<br />
networking event for all local<br />
businesses.<br />
Date: 9th February<br />
Time: 9.30 - 11.30<br />
Venue: The Clubhouse, Bury Town<br />
Football Club, Ram Meadow, IP33<br />
1XP<br />
Cost: £2 on arrival<br />
Contact: 0800 085 5090 or register<br />
online: www.menta.org.uk<br />
Alternative Business<br />
Networking<br />
Inclusive event focusing on<br />
networking, working together and<br />
gaining valuable connections.<br />
Receive business support whilst<br />
building on PR and social media.<br />
Date: 16th February<br />
Time: 9.30 - 12.30<br />
Venue: InWorkshop, Unit 7, Ailwin<br />
Road, Moreton Hall Industrial Estate,<br />
Bury St Edmunds, IP32 7DS<br />
Cost: £10<br />
Contact: Glenn Hoddy,<br />
07534354739<br />
Business in 60<br />
Fast, fun and informative skill<br />
session. Limited to 20 Suffolk<br />
Chamber of Commerce members<br />
delegates, learn 7 ways to get the<br />
best from your team.<br />
Date: 23rd February<br />
Time: 8.30 - 10.00<br />
Venue: Green Duck, Technology House,<br />
Western Way, Bury St Edmunds,<br />
IP33 3SP<br />
Cost: £10.00, members only<br />
Contact: www.suffolkchamber.co.uk<br />
issue <strong>19</strong> | page 47
We are really excited to have opened our London Celik’s Mensroom<br />
at the end of October adding to the already well-established,<br />
well-loved three other establishments. This exciting new venture is<br />
in the heart of London on Gray’s Inn Rd, Holburn.<br />
97 King Street, Cambridge, CB1 1LD<br />
01223 461811<br />
22 High Street, Newmarket, CB8 8LB<br />
01638 667878<br />
96 Risbygate Street, Bury St Edmunds, IP33 3AA<br />
01284 701010<br />
178 Gray's Inn Road, Holborn, London WC1X 8EW<br />
0207 8373454<br />
Visit www.celiksmensroom.com for a full<br />
list of services and find us on<br />
and<br />
follow us on<br />
@celiksmensroom<br />
OPEN 7 DAYS A WEEK<br />
VELVET<br />
AWARD<br />
WINNER<br />
2013<br />
FOR<br />
HAIR
iQ marketing<br />
marking milestones<br />
When marketed to audiences effectively and inclusively,<br />
anniversaries can garner awareness and recognition<br />
Want to promote pride in your business? Build goodwill with a company’s current clients and<br />
attract prospective clients who don’t know much about your business? Want to drive public<br />
understanding or engagement within an industry you work in? Marking a corporate anniversary<br />
is a strong PR and marketing initiative that can help to bolster all of the above.<br />
Our region has seen a whole host of celebrations recently, and you may have noticed all types<br />
of businesses across East Anglia marking anniversaries of their own. We take a look at how<br />
businesses in our region and further afield have been utilising corporate, industry or founding<br />
milestones to spread awareness amongst consumers and other businesses alike.<br />
issue <strong>19</strong> | page 49
iQ marketing<br />
One of the biggest celebrations the<br />
region has seen recently has come<br />
from the Home of Horseracing.<br />
2016 marked the 350th year of<br />
horseracing in Newmarket, where<br />
King Charles II set out the rules of<br />
modern horseracing. Newmarket<br />
Racecourses led the celebrations<br />
and communications around this<br />
landmark year with an integrated<br />
campaign spread across various<br />
marketing and event experiences.<br />
The message was spread through<br />
a year-wide campaign, taking<br />
into account current racing fans,<br />
prospective racegoers and day<br />
visitors, across the town, region and<br />
country. With special activities and<br />
celebrations happening all year,<br />
Newmarket Racecourse wanted<br />
to make 2016 a year that would<br />
heighten awareness of the offering<br />
on course, and cement Newmarket’s<br />
historical significance in racing<br />
history.<br />
An immersive campaign ensued,<br />
with a dedicated hub site, www.<br />
weare350.co.uk, which allowed<br />
consumers to submit their<br />
own memories to a timeline of<br />
Newmarket, and covered all the<br />
racing highlights and upcoming<br />
events, as well as encouraging visitors<br />
to engage with the racecourse<br />
itself. BBC Look East recorded an<br />
exclusive Inside Out show covering<br />
the 350th anniversary, which<br />
showcased the Town Plate, the<br />
longest running amateur flat race,<br />
as the central story. Qatar royalty,<br />
Shiekh Fahad Al Thani, who won<br />
this historic race, unveiled a specially<br />
commissioned statue of King<br />
Charles II to the public, alongside<br />
three of the monarch’s direct<br />
descendants.<br />
In the lead-up to the closing<br />
ceremony of the 350 celebrations,<br />
600 Newmarket Academy students<br />
helped to create a giant 350, for<br />
a aerial photograph, a fun social<br />
media image and photo story that<br />
was a hit with local media. Last<br />
but not least, Her Majesty The<br />
Queen arrived by helicopter on the<br />
4th November to unveil a statue<br />
of herself on Birdcage Walk and<br />
then officially open The National<br />
Heritage Centre for Horseracing<br />
and Sporting Art, gaining national<br />
coverage.<br />
Marketing for this momentous<br />
year spanned a 12-month,<br />
integrated campaign, in the form<br />
of advertising, both digital and<br />
traditional, social media, and an<br />
integrated, intense PR programme<br />
for the entirety of the year. With<br />
an official time capsule, PR stunts,<br />
and video production, Snapchat<br />
integration and specially created<br />
statues, Newmarket Racecourses<br />
successfully garnered awareness of<br />
their offering as a racecourse, as well<br />
as the draw and heritage of the town<br />
on a national and local scale.<br />
Non-commercial anniversaries<br />
also garner big responses, as the<br />
following specific example of<br />
the centenary of World War<br />
One demonstrates. This<br />
anniversary spans three<br />
years and is designed to<br />
commemorate those who<br />
died in World War One.<br />
1418 NOW, the UK’s arts<br />
programme for the First World<br />
War centenary, gives people across<br />
the UK the chance to experience<br />
various artistic experiences, chosen<br />
specifically to highlight the sacrifices<br />
made in the First World. From the<br />
Poppies tour across the UK, to<br />
Dazzle Ships and the #wearehere<br />
silent soldiers, 1418 NOW stages<br />
large-scale artistic experiences which<br />
are specifically created to drive<br />
engagement, awareness and shape<br />
public perceptions of remembrance.<br />
Taking the idea of milestones and<br />
anniversaries to a new level, this<br />
initiative requires public viewing,<br />
engagement and corporate<br />
sponsorship to thrive, but has seen<br />
PR increase as well as a rise in social<br />
media engagement and discussion<br />
about the centenary.<br />
Back to East Anglia,<br />
where, this year, the<br />
region’s largest<br />
independent<br />
department store,<br />
Glasswells,<br />
has<br />
been<br />
issue <strong>19</strong> | page 50
iQ marketing<br />
celebrating its 70th anniversary<br />
with a host of marketing activities<br />
to spread awareness of its heritage<br />
and its name for delivering great<br />
goods and services. With a birthday<br />
party weekend, free Father and<br />
Mother’s day meals, displays of<br />
furniture through the ages and<br />
large-scale sales and refurbishments,<br />
Glasswells has been celebrating in<br />
style. Its anniversary marketing all<br />
centred on the company's vision:<br />
delivering fantastic home furnishings<br />
with outstanding customer service.<br />
All activities were devised to<br />
engage the company's target family<br />
audience, with treats galore to attract<br />
prospective and current customers to<br />
the stores.<br />
Addenbrooke’s in Cambridge<br />
recently celebrated<br />
its 250th<br />
anniversary<br />
as well.<br />
2016 saw<br />
it debut<br />
a new<br />
anniversary logo, dedicated<br />
microsite, and a slogan ‘celebrating<br />
our past and caring for your future’<br />
announced by the hospital. To<br />
celebrate the hospital’s 250th year,<br />
Addenbrooke’s Charitable Trust<br />
(ACT) supported the hospital<br />
as it hosted a programme of<br />
events throughout the year. These<br />
events included ‘Animating the<br />
Archive’, where local schools and<br />
the community created projects<br />
and events to bring the archive to<br />
life, a sponsored walk for all the<br />
family, The Birthday Ball, Art @<br />
Addenbrooke’s, and a number<br />
of lectures, as well as a specially<br />
commissioned painting. For the<br />
first time ever ACT took part in<br />
the City Council’s ‘Big Weekend’<br />
with a Health and Wellbeing village<br />
where people could engage with<br />
activities put on by the hospital. The<br />
anniversary was a prime opportunity<br />
for the hospital to discuss how it<br />
was started and by whom, what the<br />
vision was, and to celebrate some of<br />
the faces that have made the hospital<br />
what it is today.<br />
Through anniversary celebrations<br />
like those listed above, as well as<br />
marking huge events, businesses,<br />
not for profit organisations and<br />
corporations can not only help to<br />
spread awareness and engagement,<br />
but can help educate potential<br />
customers about their brand, as<br />
well as reward those within the<br />
business. It’s a fun and inviting<br />
marketing tactic that, when<br />
used effectively, can really<br />
help a business to grow.<br />
So, what have you got to<br />
celebrate?<br />
Building milestones step<br />
by step:<br />
1. Identify a key milestone for<br />
your business, for instance:<br />
a company birthday; the<br />
anniversary of a partnership<br />
with another business or charity,<br />
or an industry milestone (a la<br />
Newmarket Racecourse)<br />
2. Look at who you want to target<br />
with your milestone messaging.<br />
These could include: employees;<br />
clients; prospects; potential<br />
employees; shareholders or the<br />
media.<br />
3. Create a 12-month campaign<br />
to celebrate this milestone<br />
effectively. Ensure you start to<br />
plan at least 3 months prior to<br />
the beginning of the anniversary<br />
year to give enough time to<br />
pre-organise activity elements<br />
4. Marketing tactics you could<br />
utilise within this plan include:<br />
PR; advertising - both on a<br />
traditional and digital aspect;<br />
e-marketing; social media;<br />
experiential activity; company<br />
party; commemorative branding<br />
and content creative, including<br />
video activity and direct mail.<br />
5. Ensure you include goals,<br />
budget and target audiences, to<br />
align your activities with your<br />
company.<br />
For help marketing your next celebration<br />
contact cubiqdesign. Tel: 01638 666432<br />
www.cubiqdesign.co.uk<br />
issue <strong>19</strong> | page 51
iQ advertising<br />
The old adage<br />
Elyssa Fagan explores<br />
the question: In this day<br />
and age, does advertising<br />
really work?<br />
As someone with a heavily PR-led<br />
background, I work with third party<br />
media sources to cover stories on<br />
my clients in the media. A PR lady<br />
myself, I value my ability to secure<br />
this type of media coverage for my<br />
clients; it never gets old, securing<br />
earned media and showing this to<br />
clients.<br />
PR is important; coverage in media<br />
publications for your product or<br />
business is, in effect, third party<br />
endorsement, which is seen as more<br />
valuable and more credible than<br />
if you were to pay for advertising.<br />
However, does this mean that<br />
advertising isn’t valuable?<br />
Absolutely not.<br />
Advertising is an important part of<br />
your marketing toolkit that shouldn’t<br />
be ignored. Gaining visibility and<br />
promoting your business through<br />
paying for space within a third party<br />
publication is an age-old practice.<br />
From traditional media through<br />
to digital practices and broadcast,<br />
advertising options are now endless,<br />
and often businesses are left thinking,<br />
does advertising actually work?<br />
This question is often posed by people<br />
really thinking the following: ‘Is<br />
traditional advertising really worth<br />
the investment?’ This really depends<br />
on a number of elements including<br />
the size and status of your business,<br />
what you’re looking to achieve from<br />
your advertising, who you’re looking<br />
to target, what other marketing<br />
tactics you’re utilising to complement<br />
this advertising and, of course, your<br />
budget.<br />
Large businesses can afford the high<br />
cost of conventional advertising<br />
in printed nationals, with the tools<br />
and budget to place a number of<br />
adverts across a number of titles and<br />
mediums. TV advertising is still the<br />
strongest advertising medium. Pulling<br />
in 37% of global ad spend in 2015, it<br />
has the highest efficiency at achieving<br />
KPIs to drive sales, profit and market<br />
share, and when bolstered by digital,<br />
the return on investment soars. The<br />
combination of TV and digital is the<br />
most powerful form of advertising,<br />
giving a 60% greater return than<br />
other mediums.<br />
Research from the Advertising<br />
Research Foundation, which looked<br />
at 5,000 global campaigns and 12<br />
years of data to compile its<br />
most recent results, showed<br />
that advertising does indeed<br />
work, and outlined that<br />
advertising across multiple<br />
platforms equals higher<br />
ROI for businesses. The<br />
study also showed that<br />
too much frequency in<br />
advertising and messaging across<br />
one single platform can lead<br />
to diminished results, and that<br />
businesses should look to smart<br />
spending across specific combinations<br />
of, traditional alongside new media.<br />
This is great news for companies<br />
with large spending power, but small<br />
businesses need to be more strategic<br />
when looking at attributing budgets<br />
to platforms.<br />
A key part of marketing which<br />
businesses need to ensure, whether<br />
this be through look or style, creative<br />
key messages or an aligned red<br />
thread, is that the advertising, digital,<br />
SEO, web content, social media<br />
content, PR and branding all align<br />
cohesively across the board. Whilst<br />
differing platform advertising or<br />
release or copy can alter in content<br />
or format to best tailor the platform<br />
and audience, they should all fit<br />
together in one way or another.<br />
This would act as a giant marketing<br />
puzzle; customers should be able to<br />
see that all pieces, whether viewed<br />
independently or together, belong to<br />
your brand.<br />
issue <strong>19</strong> | page 52
iQ advertising<br />
So we now know that advertising<br />
works, but these days it’s not just<br />
about placing one or two ads in a<br />
national; if you’re looking to reach<br />
those hard-to-please millennials,<br />
you’ll need to engage audiences<br />
and use more new media practices<br />
to create awareness for your brand.<br />
Social media, such as Facebook,<br />
Twitter, Instagram and now,<br />
Snapchat, are fun ways to engage<br />
audiences in subtle ways. Many<br />
millenials now rely on word of mouth<br />
and what their friends are sharing<br />
to make decisions, so influencer<br />
endorsement through platforms<br />
such as YouTube and Instagram, are<br />
becoming more and more effective<br />
and sought after by brands. Combine<br />
these with some traditional media<br />
and you’re onto a winner.<br />
Target audiences: Who are<br />
you looking to engage with? If it<br />
is consumers, what type? Mothers<br />
with children, men aged 40+, or<br />
millennials?<br />
Platforms: What platforms work for<br />
your target audience? Is this audience<br />
more likely to respond to a Facebook<br />
advertisement with a creative tailored<br />
to them, or would they react better to<br />
a video promoting a product, or an<br />
advert in their local paper?<br />
Aims: What is a business trying to<br />
achieve with this advertising push?<br />
Is it looking for a consumer to do<br />
something specific, such as enter a<br />
poll, hand over data or buy<br />
a product? Does<br />
it want<br />
to drive people to the website for an<br />
education piece? Is it educating and<br />
driving them to take action, or simply<br />
engaging them?<br />
KPIs: How will you measure success?<br />
Google Analytics research says that<br />
typically it takes six to eight touches,<br />
or a consumer seeing or engaging<br />
with your brand at least six times,<br />
before they’re likely to buy, which<br />
means the more you can spread your<br />
advertising and marketing, the more<br />
likely you’ll see return on investment.<br />
If you don’t have the budget<br />
to invest in influencer<br />
engagement, look at<br />
more cost effective<br />
options such as PPC,<br />
retargeting and social<br />
media advertising,<br />
and combine them<br />
with traditional<br />
advertising packages<br />
in smaller titles with<br />
digital reach, that<br />
cater specifically<br />
towards your desired<br />
audiences. These are<br />
a good place to start,<br />
once you’ve identified<br />
the following:<br />
If you’re looking for help with your<br />
marketing, PR and advertising or<br />
media buying, please get in touch<br />
with Cubiqdesign: www.cubiqdesign.<br />
co.uk or call 01638 666432.<br />
issue <strong>19</strong> | page 53
Understanding branding<br />
iQ branding<br />
Branding by<br />
Cubiqdesign for<br />
skincan<br />
Are you hopeless when it comes to Brand ‘Harmonisation’? Puzzled by Brand ‘Personality’?<br />
Or maybe you’re just mystified by overall ‘Brand Management’? We speak to John Treby, from<br />
Cubiqdesign, to gain an insight into this important, but sometimes confusing, aspect of business<br />
What is the difference between a brand and a<br />
logo?<br />
For me there are many different aspects that make up<br />
a brand. A logo mark is just the start and should be<br />
developed through into colour palettes, iconography,<br />
visual imagery, tone of voice, and even as far as the staff<br />
within the company.<br />
A brand for me is something that is recognisable without<br />
a logo. A great example of this is when we hear the<br />
“Holidays are Coming” song and we immediately think<br />
of Coca Cola’s big red trucks.<br />
What is the importance of a strong brand?<br />
With any brand, the purpose is to build recognition,<br />
brand loyalty and trust, and generate new business. If<br />
you can create a campaign that is instantly recognisable<br />
as your brand, then you can engage with readers or users<br />
quickly, which is extremely important in today’s fastpaced<br />
digital age.<br />
A professional, well thought-through brand will build<br />
trust with customers - how many websites have you been<br />
to and thought, I’m not sure if I trust this company? A<br />
strong brand represents a company’s ethos and values.<br />
If you’re selling children’s toys, a corporate blue with<br />
a serif font isn’t going to appeal to your target market.<br />
However, if you’re a start-up tech company, the fonts<br />
and colour palette need to reflect a simple, clean, and<br />
modern feel; a cluttered look would tell the wrong story.<br />
What is the key to creating a good brand?<br />
The key is to ensure that you fully understand the<br />
company. Make sure you know its ethos and core<br />
values, why it is in business, what it stands for and how<br />
it operates. Once you understand this, you then need to<br />
understand the marketplace, and the competition within<br />
that space.<br />
How can you tell that your company requires a<br />
rebrand?<br />
Your brand should stand out when compared to your<br />
competition. It should clearly convey your company<br />
messages and it should flow seamlessly throughout all<br />
of your marketing material. If this is the case, you’re<br />
certainly on the right track!<br />
What are the main questions a company should<br />
ask themselves when creating their brand?<br />
Who are we targeting? What are our USPs? What makes<br />
us different? What are our values? Why do clients use us?<br />
Why should clients use us?<br />
What is your favourite brand and why?<br />
At the risk of being predictable, I’m going to have to say<br />
Apple! From the logo, typography and photographic<br />
style, right through to the website, packaging and<br />
product - every element of the brand is perfectly<br />
designed, instantly recognisable and looks effortless.<br />
cubiqdesign<br />
www.cubiqdesign.co.uk<br />
01638 666432 issue 18 | page 55
iQ venues<br />
A Guide to Corporate Venues<br />
Looking for a local venue to hold a<br />
business event of some kind? We’ve<br />
rounded up a few of the best in the<br />
local area. From large corporate<br />
seminars to smaller, more informal<br />
team building events, take a look at<br />
what’s on offer<br />
The Granary Barns<br />
Located in Woodditton, just outside<br />
Newmarket, The Granary Barns is a unique<br />
setting for any corporate event. Its idyllic,<br />
rustic barn offers a relaxing, comfortable<br />
atmosphere for any business function<br />
or meeting, and the on-site team will<br />
happily take care of the finer details.<br />
Parsonage Farm, Woodditton, CB8 9RZ<br />
Tel: 01638 731230. www.thegranaryestates.co.uk<br />
Bedford Lodge Hotel & Spa<br />
The Bedford Lodge Hotel & Spa in Newmarket<br />
houses six dedicated conference and event rooms with<br />
everything you could need. From an informal meeting<br />
for 2, to a 200-strong business seminar, the in-house<br />
conference team is on hand to help everything run<br />
seamlessly. The picturesque setting and stylish interior<br />
makes this a preferred choice with many.<br />
11 Bury Road,<br />
Newmarket, CB8 7BX<br />
Tel: 01638 663175<br />
www.bedfordlodgehotel.co.uk<br />
The Farmers Club<br />
With a range of function and meeting rooms, as<br />
well as serviced offices, The Farmers Club in Bury<br />
St Edmunds is a popular choice with many. Whether<br />
you’re looking to hot desk or hire the entire venue,<br />
it’s accommodating to all. The venue has in-house<br />
catering options, plenty of car parking and free WiFi<br />
throughout. Looking for something on a regular<br />
basis? Be sure to enquire about their membership<br />
packages.<br />
10 Northgate Street, Bury St Edmunds, IP33 1HQ<br />
Tel: 01284 750969. www.bsefc.co.uk<br />
Hotel Felix<br />
Just ten minutes from Cambridge station, Hotel Felix<br />
is a great choice for meetings and conferences close to<br />
the city centre. Overlooking their gardens and terrace,<br />
each of its rooms boast an abundance of character.<br />
From team building functions to business meetings or<br />
dinners, Hotel Felix have it covered, whatever your<br />
capacity or function.<br />
Whitehouse Lane, Huntingdon Road,<br />
Cambridge, CB3 0LX<br />
Tel: 01223 277977. www.hotelfelix.co.uk<br />
The Bull Inn<br />
Stepping out of the office makes for a refreshing<br />
new environment in which to hold both internal and<br />
external business meetings or events. The Bull Inn,<br />
near Mildenhall, hosts a variety of private events and<br />
offers exclusive dining packages too. Choose from its<br />
Snug, Library or Oakroom, depending on capacity<br />
and function.<br />
The Street, Barton Mills, IP28 6AA<br />
Tel: 01638 711001<br />
www.bullinn-bartonmills.com<br />
issue <strong>19</strong> | page 57
iQ venues<br />
Tuddenham Mill<br />
If you’re seeking a stunning location for a small-scale<br />
business function, Tuddenham Mill is a wise choice.<br />
Within easy reach of both Newmarket, Bury St<br />
Edmunds and Cambridge, its laid-back, chic meeting<br />
room is an impressive space for both colleagues and<br />
clients. Let the team arrange the space however<br />
you wish, and make the most of their refreshment<br />
offerings.<br />
High Street, Tuddenham, Suffolk,<br />
IP28 6SQ<br />
Tel: 01638 713552<br />
www.tuddenhammill.co.uk<br />
The Jockey Club Rooms<br />
Having been at the heart of British horseracing<br />
for over 250 years, The Jockey Club Rooms in<br />
Newmarket has hosted many board and committee<br />
meetings and offers a prestigious alternative to other<br />
hotel and conference centre locations. It has the<br />
capacity to accommodate up to 130 and offer luxury<br />
facilities and dining options.<br />
101 High Street, Newmarket, CB8 8JL<br />
Tel: 01638 663101. www.jockeyclubrooms.co.uk<br />
The Northgate<br />
Following its much-anticipated opening in November,<br />
The Northgate has a designated meeting room which<br />
can accommodate business meetings of any type.<br />
From breakfast gatherings to group seminars, board<br />
meetings or team gatherings, this stylish new venue is<br />
another wise choice for smaller affairs.<br />
Northgate Street, Bury St Edmunds, IP33 1HP<br />
Tel: 01284 339604<br />
www.thenorthgate.com<br />
Newmarket Racecourses<br />
With space for up to 500 guests, Newmarket<br />
Racecourses is a perfect choice for a much larger<br />
event. From national conferences to award ceremonies<br />
and business banquets, the racecourse in Newmarket<br />
is renowned for making events memorable. Its variety<br />
of spaces and options is entirely flexible.<br />
Rowley Mile Racecourse, Newmarket, CB8 0XE<br />
Tel: 01638 675500<br />
www.newmarket.thejockeyclub.co.uk<br />
Ravenwood Hall Hotel<br />
This 16th-century hotel, located just off the A14, is<br />
a renowned favourite in the area for conferencing.<br />
With space for up to 130 people, the versatile Pavilion<br />
space can be transformed into an informal or formal<br />
meeting space; alternatively, the grounds can house a<br />
marquee with a capacity of up to 500.<br />
Rougham, Bury St Edmunds, IP30 9JA<br />
Tel: 01359 270345<br />
www.ravenwoodhall.co.uk<br />
issue <strong>19</strong> | page 58
iQ venues<br />
The Swan Hotel<br />
The Swan Hotel in Lavenham is a heritage setting<br />
with modern conference and meeting facilities which<br />
are flexible dependent on size and function. Take a<br />
break from the office and enjoy a countryside setting<br />
to inspire new ideas and spark discussion. There are<br />
also a range of dining options on offer too.<br />
High Street, Lavenham, CO10 9QA<br />
Tel: 01787 247477. www.theswanatlavenham.co.uk<br />
Newmarket Meeting Rooms<br />
Set in 7 acres of the picturesque grounds at Fordham<br />
House Estate, Newmarket Meeting Rooms has an<br />
inspirational atmosphere for both meetings and<br />
conferences. With seating up to 20 in boardroom<br />
style, or 35 in a conference style, the space is versatile<br />
for all. Choose from a range of ‘Inspire Meeting<br />
Packages’ including business coaching, team building<br />
and a range of short lifestyle courses to create<br />
positive experiences and enthuse as well as inspire<br />
your group or team.<br />
Fordham House, Newmarket Road,<br />
Fordham, CB7 5LL. Tel: 01638 429445<br />
www.newmarketmeetingrooms.co.uk<br />
Rosewood Pavilion<br />
Sitting in a private stud in the Cambridgeshire<br />
countryside, Rosewood Stud is an exclusive venue<br />
with an abundance of facilities. Versatility is at the<br />
forefront of Rosewood Pavilion’s facilities and its<br />
function room can be easily adapted to suit your<br />
requirements. From formal presentations or business<br />
events to perhaps something a little more low-key, be<br />
sure to find out more about what’s on offer and how<br />
they can assist.<br />
Rosewood Stud, Freckenham Road,<br />
Chippenham, CB7 5QH<br />
Tel: 01638 723155<br />
www.rosewoodpavilion.co.uk<br />
Co.<br />
Cherry Hinton’s new health-conscious eatery has<br />
space for relaxed, informal conferences and meetings<br />
in its rear function room. Since opening earlier<br />
in the year, Co. has already housed a number of<br />
different events and is more than happy to provide<br />
refreshments for a small-sized business gathering.<br />
15 High Street, Cherry Hinton, CB1 9HX<br />
Tel: 01223 778080<br />
www.cofifteen.co.uk<br />
Allia Future Business Centre<br />
Providing flexible access to workspaces such as<br />
serviced offices, co-working spaces, virtual offices,<br />
conference facilities and meeting rooms, this venue is<br />
adjacent to Cambridge Science Park and really has all<br />
of your business needs covered, making it perfect for<br />
housing any type of business function.<br />
Allia Ltd, Future Business Centre Cambridge, King’s<br />
Hedges Road, Cambridge, CB4 2HY<br />
Tel: 01223 781200. www.futurebusinesscentre.co.uk<br />
issue <strong>19</strong> | page 59
Give yourself the best<br />
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iQ review<br />
How To Have A<br />
Good Day:<br />
Harness The Power of<br />
Behavioural Science to<br />
Transform Your<br />
Working Life<br />
Author: Caroline Webb<br />
Published: February 2016<br />
Available at www.amazon.com<br />
Review: How to Have a Good Day, by economist<br />
and former McKinsey partner, Caroline Webb, has<br />
been listed in Forbes’ ‘16 Must-Read Business Books<br />
For 2016’. It offers an insightful understanding of<br />
how to balance working life, using findings from<br />
recent studies which analyse a number of different<br />
elements - behavioural economics, neuroscience and<br />
psychology. Behavioural science is more advanced<br />
than ever, meaning we are able to extensively study<br />
how our brains work and look at why we make the<br />
choices we do. How to Have a Good Day focuses on<br />
making each day the best day by looking at seven<br />
different ideas: time management; understanding<br />
priorities; meaningful interactions; being resilient<br />
to setbacks; doing our best; maintaining energy<br />
levels and of course, enthusiasm and enjoyment. By<br />
controlling such elements ourselves, Caroline Webb<br />
believes that each day is of better quality and we<br />
are able to overcome common challenges. Webb’s<br />
science-based approach has already enhanced<br />
both performance and overall happiness in the<br />
workplace for a number of different organisations<br />
and businesses. Jam-packed with real life stories of<br />
those using Webb’s ideas to enhance their working<br />
lives, this book is a must-read if you’re seeking to<br />
further your professional development and career.<br />
Whatever your role, level or sector, this is a heavilyresearched,<br />
insightful manual, applicable to all. A<br />
great read for the New Year...<br />
issue <strong>19</strong> | page 61
iQ review<br />
If I Could Tell You<br />
Just One Thing...<br />
Encounters<br />
with Remarkable<br />
People and Their Most<br />
Valuable Advice<br />
Author: Richard Reed<br />
Published: November 2016<br />
Available at www.amazon.com<br />
Review: If I Could Tell You Just One Thing...<br />
details the adventures of Richard Reed, the cofounder<br />
of the world-renowned Innocent Drinks,<br />
and the inspirational figures he met on his journey<br />
to make Innocent a leading brand. You may be<br />
surprised to learn that Innocent Drinks began as a<br />
small smoothie stall on a street corner! Reed says<br />
his success is down to four pieces of advice he was<br />
given. So, ever since, he has taken the opportunity<br />
of meeting new people as a chance to ask them for<br />
one piece of valuable advice.<br />
“The right piece of advice can change your life. It<br />
has for me on several occasions. This book captures<br />
the very best pieces of advice from some of the<br />
world’s most remarkable people, be they presidents<br />
or popstars, entrepreneurs or artists, celebrities<br />
or survivors. With all my royalties going to social<br />
inclusion and mentoring charities, I hope that this<br />
book of wisdom, published by the passionate team<br />
at Canongate, will help change many other lives<br />
too,” Reed said.<br />
Just some of the remarkable people who share<br />
their wisdom include: President Bill Clinton, Sir<br />
Richard Branson, Dame Judi Dench, Sir David<br />
Attenborough, Bear Grylls, Simon Cowell, Annie<br />
Lennox, Jo Malone, Mike Bloomberg, Andy Murray,<br />
James Corden and Joanna Lumley, to name a few.<br />
These varied and vibrant personalities have each<br />
offered an insightful outlook on life and how to make<br />
the most of it. All contributing pieces of advice are<br />
complemented by a pen and ink portrait by British<br />
artist, Samuel Kerr. It’s a hugely entertaining read<br />
which is stunningly designed and will appeal to all.<br />
issue <strong>19</strong> | page 62
What’s<br />
Trending?<br />
This month<br />
Year-End Planning<br />
Visit www.streetsweb.co.uk to<br />
download our guide to effective tax and<br />
or call 0845 880 0320