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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 />

@iQBusinessMag<br />

FACEBOOK<br />

www.facebook.com/iqbusinessmag<br />

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 />

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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 />

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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 />

possible gift this year…<br />

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With good planning and listening to the girls the diet is not hard.<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

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