Originally written by Small Business Team on Small Business
Over 140 industry leaders attended the inaugural Women in Finance Summit in London on June 26, bringing together key players to motivate and inspire.
Collaboration and confidence were the buzz words as female high-flyers from professions ranging from venture capitalists, fund managers and bankers to business owners and entrepreneurs.
Thirty speakers, including keynote speaker Claire Fox, COO of Unicef UK, inspired and energised the audience at Grosvenor House.
Forty-six per cent of summit attendees were company leaders, 38pc were management, and 16pc described themselves as C-suite.
“A huge congratulations for such a successful summit and event last night. We thoroughly enjoyed it and were wowed by the calibre of talent in the room,” said The WealthiHer Network.
“The organisation from start to finish was first class, resulting in a full attendance and great atmosphere. The quality of speakers and content was also top drawer being just as relevant for men as it was women. Indeed one of the best events I have attended for a good few years,” agreed non-executive director Michael Ellwood.
Collaboration and confidence were in abundance.
The challenge – recognised, age-old and ongoing – was that women and men need to encourage diversity in the workplace
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Whitehall fails its own test, rewarding outsourcers who pay SMEs late
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Whitehall has repeatedly flunked its own test for dropping large government outsourcers who fail to pay small business subcontractors on time.
Under plans coming into force in September, outsourcers which fail to pay 95pc of subcontractors within 60 days risk being frozen out of public-sector procurement, which is worth £60bn a year. The rules will apply to all Government contracts worth more than £5m. As of now, four-fifths of Government outsources would be excluded from bidding on contracts.
However, according to research by Tussell, a data provider on UK government expenditure, Whitehall has rewarded large outsourcers over 200 contracts, despite them have already failed the 95pc threshold. The combined contracts were worth £90bn.
The Ministry of Defence has been the worst culprit; out of 154 contracts worth more than £5m awarded since 2015, 60 have gone to suppliers which did not meet the 95pc threshold.
The Department for Transport also had a poor record: it gave big contracts to 36 suppliers which did not meet the threshold, from a total of 75.
The Department for Work and Pensions has awarded 25 contracts to late-paying large outsourcers since 2015.
Late payments force 50,000 small businesses to shut every year.
Mental health
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Are you North London’s most entrepreneurial fundraiser?
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Entrepreneurs have until this Friday, June 28 to sign-up for the £50 Challenge, a new charity drive to raise money for children’s hospice Noah’s Ark.
Start-ups, sole traders and SMEs will then have 12 weeks to show off their innovation and money-making acumen to raise as much money as possible for Noah’s Ark.
The business or team that raises the most will be awarded the Noah’s Ark £50 trophy, with other awards for the most creative and most sustainable ideas.
Each business that donates an initial £50 sign-up fee will qualify for discounted ad rates in North London newspaper Ham & High, the charity’s media partner.
Life-threatening conditions
Noah’s Ark provides support for babies, children and young people with life-limiting or life-threatening conditions and their families in North and Central London and Hertsmere. The charity works with over 500 parents and carers, offering help to children, their siblings and parents — as well as supporting families after bereavement.
After years of providing community-based services, this year Noah’s Ark will open The Ark, its custom-built hospice in Barnet, North London. The facility has been developed on a 7.5 acre nature reserve. The Ark will enable the charity to offer more
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How reducing your carbon footprint can increase business productivity
by Timothy Adler • • 0 Comments
Reducing your carbon footprint doesn’t just help protect the environment, it can also boost your company’s productivity and bottom line in unexpected ways. Flexible working Flexible workspaces, which you hire by the hour, day or week, have made inroads into how many of us work. According to workspace provider Instant, the number of flexible workspaces
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Solutions to e-commerce hurdles for service based businesses
by davidbrahka • • 0 Comments
Customers are used to shopping online. In fact, in the last 12 months 78% of adults in the UK bought goods or services in this way and have high expectations when it comes to convenience, choice and speed and won’t think twice about walking away if you can’t deliver it. While product providers have been
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Building a good rapport with your customers to gain long-term business relationships
by vanessakhan • • 0 Comments
Rapport is the connection built between two people. It’s the act of ensuring that those around you feel comfortable as well as accepted. In order to establish a good rapport we must know how to connect with others regardless of their age, gender, ethnic background, mood or the situation. Building and maintaining a strong and
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Sexual harassment: #MeToo and Time’s up encourage workers to speak out
by vanessakhan • • 0 Comments
According to new research from global jobs site Monster.co.uk, both the #MeToo and Time’s Up movements have given over a quarter of UK workers the confidence to report sexual harassment they witness or experience in the workplace. Sexual harassment in the workplace Sexual harassment is the act of violating someone’s dignity and creating a hostile,
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Lending to SMEs plummets: 84 per cent of country saw fall over past year
by Anna Jordan • • 0 Comments
SME lending has fallen majorly in the last year, according to new figures. A whopping 84 per cent of the country saw bank lending to SMEs plummet as small businesses continue to face huge headwinds in securing finance, says Hadrian’s Wall Capital (HWC), the London-based specialist debt adviser. HWC says that 101 of 120 areas
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How video conferencing can save money for small businesses
by Anna Jordan • • 0 Comments
Video conferencing was once thought of as a technology for larger corporates only. It usually required a dedicated room and expensive equipment, for a start. Despite this, it was also often unreliable and the whole set-up inflexible with few opportunities for spontaneity. The availability of fast, inexpensive broadband has done much to change this situation.
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How to choose the right van for your business
by Ben Lobel • • 0 Comments
Investing in a new van is one of the biggest decisions a small business can make. Your work van is one of, if not, the most essential tool of your trade. When choosing a vehicle, you will want to be sure that you are making the right investment, one which will see your business get
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