A study by leading insurer AXA has revealed that, despite the introduction of age discrimination legislation in 2006, ageism is still rife in today’s workplace, with thousands of retirees reporting experiencing pressure to quit their job by their employers. In addition, UK plc could face a collective compensation bill of over £45m if employers are taken to tribunal for age-related cases.
The idea that many people work from home to spend more time with their children has been called into question by new research from leading broadband supplier UK Online, which found that greater flexibility and less commuting were actually the driving factors among the small business community.
Remember the boom in stockmarket flotations, at the end of the last century and the start of this one? That was the time when companies came to the stockmarket for its IPO – Initial Public Offering – armed with a prospectus, a narrative, a prominent bank to manage the offering, and a cabal of venture capitalists hidden off-stage, sniggering, rubbing their hands, and revving the engine of their getaway vehicle. For civilians and non-City people, in a week dominated by all-too-credible stories about economic cataclysm and global recession, that may seem a long time ago. The biggest IPO in history, for instance – what and when was that? AT&T in 2000? Google in 2004?
You may have heard about franchising but would you like to know more? Well, it does what it is says on the tin – franchising is being in business for yourself but not by yourself. What is inside the tin? What is a franchise? What is involved in researching the marketplace? What about the finances? What can franchising do for me?
Firstly, here are the key industry statistics taken from the latest NatWest/bfa Franchise Survey. (bfa stands for British Franchise Association – the voluntary self-regulating body for the franchise industry.) You may be surprised by the scale and scope of the industry.
As a result of a recent legal case, businesses which have had VAT claims restricted to only three years, or have not made claims believing they had missed the deadline, now have the chance to revisit their claim. Kingston Smith LLP believes that this latest change in legislation will result in claims totalling over one billion pounds.
More than 2.1 million people work from home and some 8 million spend at least some of their working week in the house instead of at the office, according to the Office of National Statistics (ONS).
Working from home offers many advantages and is an attractive option for today’s budding entrepreneur or teleworker. Being able to work at your own speed, in your own environment without the daily commute is encouraging an increase in home-working initiatives and “bedroom start-ups”.
If you, like many, had letter writing etiquette drilled into you from an early age then nothing screams from a page louder than the elementary error of “Dear Sir” followed by “Yours sincerely”; You may think it doesn’t matter but the impression it gives to the recipient can easily undermine confidence in a business.
Companies are more at risk from disputes than they think, according to new research from law firm Nabarro.
Despite 78% having risk management policies in place only one third of policies cover dispute resolution. The estimated cost of commercial disputes is £33 billion each year to UK PLC*.
Risk management policies may cover obvious issues such as health & safety, but the majority fail to cover dispute resolution. Disputes don’t just cost businesses money to manage and resolve they can also have a damaging effect on a company’s reputation. Nearly 90% of those surveyed said that senior management’s biggest fear when it comes to disputes is damage to the organisation’s reputation.
Rise in scandals
A new business networking organisation has just launched specialising in creating local online communities. Word Of Mouse, created by one of the former founders of the BRE Network is hoping to capitalise on the current boom in online social networking with sites like Facebook, Ecademy and Linked In.
The rail regulator has announced that almost 400,000 passengers face daily delays in their journeys. Rail commuters have been hit hard by various problems, including flooding last summer, regular train and tube strikes, and the inevitable ‘leaves on the line’ in autumn.; Those who travel to work by road have their own problems.
There are a whole number of reason for stopping a business. I’ve frequently heard Directors say ‘if only I’d sold the business five years ago, we were doing so well’ So if you are reading this and things are really good at the moment, bear in mind that what goes up has a tendency to go down.
It is one of life’s certainties that life is full of uncertainties and business life in particular has a habit of presenting us with all kinds of uncertainties – through situations and circumstances, both good and bad, which arise completely unexpectedly.
We all welcome the unforeseen opportunities. They’re one of the things that make business exciting. Usually we need to act on them quickly because it’s unlikely they’ll recur again. And if we don’t make the most of the opportunity, someone else will. It could be the chance to buy a competitor’s business or acquire a property that has tremendous future potential.