Business Heroes is moving…

http://www.business-heroes.co.uk

Business Heroes is moving!

Hi everyone,

Thanks for visiting our site over the last six months. It’s been a fantastic learning process for us and our various contributors. We started with nothing and we’ve now rocketed to the point where we have a loyal following of readers who regularly contact us with feedback and comments – thank you if you’ve taken the time to do this!

So, with one eye on the future, we’ve decided to take things to the next level; more features; more news; more video; more interaction plus the same great news and views delivered to you, our readers. However, we’re not stopping there. This year will also see the launch of the Business Heroes awards, a major small business competition to recognise the best of UK business. We’ll announce more about this in the next three months – watch this space!

To do all of this we’ve decided to move to our own servers and give ourselves a proper address. We can now be found here at http://www.business-heroes.co.uk and as from today, we’ll no longer be posting on this site. Please save this new address in your bookmarks and continue to follow us on Twitter, where we will be running competitions and providing you with the latest news directly.

See you there!

The Business Heroes Team

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Small Business Advice | Banks join forces to lend to businesses

The British Banking Association (BBA) has announced plans to form a new taskforce in a bid to stimulate lending to UK businesses. The group, lead by Stephen Green, head of the BBA, has sent a letter to George Osbourne outlining plans to form a group to discuss how the banks can improve businesses’ access to funds. The group will also investigate what changes can be made to create a stronger financial market for business. To read the full story, visit the Growing Business website.

Small business Advice | 18 places to indulge in face-to-face business networking

Networking can be a great way for business owners to meet with new prospects and re-connect with others they already know, offering the chance to build relationships of partnerships, referrals and resources. So, if you’re looking to network with likeminded entrepreneurs but you don’t know where to start, check out  Real Business’ 18-point guide to finding great business networking events.

networking

Small Business News | Marketing tips for entrepreneurs

According to Growing Business, a new web portal and LinkedIn group have been launched to offer free advice for businesses on how to get the most from their online presence.

Created by the author, Ian Whiteling, the website om4biz.com contains blogs from web experts on how companies can promote themselves better over the internet. Alongside this is a social media discussion group, which features a panel of experts ready to answer the queries of businesses looking to develop their web presence.

By joining the groups one can then post up queries on anything from website design, implementation and content to search engine optimisation, email marketing, internet advertising and social media.

To find out more, please visit the Growing Business website.

Small Business News | Boom in small businesses but with a legal sting in the tail

According to the Federation of Small Businesses (FSB) a record number of people will become self-employed this year. However there are concerns that the taxman may wish to turn your status from self-employed to employed, therefore putting you into the PAYE bucket.

 With the UK facing high unemployment, the FSB is expecting a boom in people going it alone this year with a record 300,000 people looking to become their own boss. According to the article this will not only help grow the economy but could in turn create more jobs as these small businesses flourish. However, the FSB is concerned that those that do become self-employed are penalised by the taxman if they take on other part-time or temporary work for another company. If so, there is a chance that the taxman will want to put you into the PAYE bucket and turn your legal status from self-employed to that of an employee. Therefore the FSB is calling on the HMRC to respect the declaration of self-employment, accepting the individual as just that unless a material change takes place.

 To read more on this issue, please visit the Federation of Small Businesses.

Small Business News | Cash-strapped entrepreneurs get creative

Small Business News | Cash-strapped entrepreneurs get creative

A recent BBC article discusses the problem of finance for cash-strapped entrepreneurs looking at a new generation of online funding platforms.

In order to get new ventures off the ground these online platforms, such as Kickstarter, cater for everyone from starving artists to tech start-ups. They also allow anyone with a business proposition to post an online pitch which goes straight into the offices and homes of potential investors and donors across the world. Although there is no limit on how much people can raise, creators of the projects must take a Dragons Den style approach and set a cash goal and a time limit. If they reach the goal within the time limit they get to keep the pledges. If they don’t, all pledges are returned. Alongside the ability to gain funding, young entrepreneurs receive feedback on their products and plans and well as having the added bonus of a readymade group of potential customers. So far 650 projects have been successful and pledges have come from 70,000 people globally.

To read more about this scheme please visit the BBC website.

Small Business News | Surviving Public Sector Cuts

Real Business has recently published an article outlining how small and medium enterprises (SMEs) who supply to the public sector are able to protect themselves against the ever increasing public sector cuts.

Across the public sector, the government spends around £140bn on goods and £80bn on services annually. Although active discussions on price cuts are only being held with its 20 largest suppliers, it seems likely that this is to spread to the majority of suppliers including enterprising businesses and SMEs. Francis Maude, the Cabinet Office minister, has already been reported as saying that he expects public sector suppliers to cut their prices in order to help lower the public deficit.

However warnings are being made to smaller suppliers about ‘knee-jerk’ price cuts as there are concerns that it could be rather harmful to their overall profits. Suggestions have been made on how to come to a compromise over this situation. One such being to develop total cost of ownership tools to help evaluate the lifetime cost of the contract to the government, offering longer term contracts in exchange for lower annual costs.

To see all the survival tips and full article please visit the Real Business website.