Report in Short: Small business matters


SMALL BUSINESS MATTERS How relevant are micro and small
enterprises for the future of work? And what about the self-employed? Until recently,
relatively limited worldwide evidence was able to answer this question. So in order to tackle this challenge, the ILO has created a new database, based on national household
and labour force surveys from 99 countries across the world. What we wanted to discover
is where the jobs really are… and because these surveys
target people rather than firms, we were able to capture what is usually excluded
by typical enterprise surveys such as self-employment,
micro enterprises, agriculture and the informal economy. We discovered that
“small economic units”, which are basically enterprises
with up to 49 employees, account for the largest share
of total employment, a staggering 70%. In low income countries, in fact,
the smallest economic units – the self-employed
and micro enterprise alone, make up approximately
90% of total employment. To our knowledge, this is the first time
that the employment contribution of the self-employed,
micro and small enterprises has been estimated for such
a large group of countries – in particular, for low- and
medium-income countries. And what about informality? Well, across the 99 countries
in our sample, 62% of total employment is to be
found in the informal sector. So, while the contribution
of small economic units to worldwide total employment
is very important, they unfortunately also
face big challenges such as widespread informality, gender pay gaps, low productivity, and worse working conditions. Understanding the reality faced
by these small economic units and then systematically
and strategically addressing those challenges is therefore key
to employment creation, job quality improvements
and the overall future of work. Do you want to know more? Check out the new ILO report
“Small Matters”… because actually, it does!

Video Marketing – The Future of Marketing | Yellow Video Production & Marketing Programme


Video Marketing – The future of Marketing UK spending on online video marketing now exceeds spending on televsion advertising 38% of google search results include video Websites with lots of video content are found higher in search results Websites with videos hold visitors 2 minutes longer Adding the word video in email subject lines increase open rates by 7-13% 52% online video ad viewers take action 16% make video marketing purchases YouTube is the 2nd largest search engine in the world 1.2 billion videos are streamed on youtube Facebook – videos are shared 1200% more often than text and links combined Video Marketing The number of people watching videos on tablets has grown by 110% And mobile devices 87% 59% of senior executives would rather watch a video than read text 1.8 million words equates to one minute of video Video Marketing Video Marketing – The future Even Wikipedia are going to to start using video Website visitors are 64% more likely to buy a product or service Video Marketing What are you waiting for?

Why BMO Business is focused on tech, women-led, and indigenous business | World Finance


Dev Srinivasan: BMO focuses in on a broad
group of clients; however there are three areas that we’re really focused in on, and
aligns really well with our purpose, which is to grow the good in business and in life. The first area would be technology and innovation. Toronto and Canada in general is really a
growing tech hub. Toronto, Ottawa, and Montreal were three of
the fastest-growing technology hubs in the world in 2018. This is a hugely important segment, and it
is an area where we’re focused in on serving clients across the broad spectrum of their
needs. We’re able to deal with venture capital companies
that are really the life-blood of the tech space, as well as private equity and the companies
themselves as they go public and grow faster. Second would be women in business. Women-owned companies are growing faster than
the overall market, and female entrepreneurs represent 60 percent of new business started. It’s a hugely important population, and we
want to ensure that we’re supporting all groups. And if you look at our growth within the bank,
we’re actually growing women-owned businesses at about 30-40 percent faster than we are
male-owned businesses. So it’s a great opportunity for us to do well
in the community, and also do well for our business. And then finally indigenous banking – a hugely important population in the Canadian economy. BMO has served indigenous communities since
1992 with a dedicated team. This team really partners up with the communities
in terms of understanding their unique needs, and ensuring that we’re delivering the services,
the guidance, the expertise that is needed to help those communities thrive in a challenging
environment. Women in business, indigenous banking, and
technology and innovation; very disparate in a lot of ways, but the common thread that
ties them all together is the benefit that they bring to the Canadian population, to
the community. And also the huge opportunity it represents
from a business perspective. And that is one of the major reasons why BMO
is focused in on this space. Thanks for watching. Learn more at bmo.com/business. Click now to learn more about BMO’s mission
to ‘grow the good in business and in life,’ and please subscribe for the latest international
business insights from worldfinance.com

How to Manage Employee Absenteeism at Work | Employsure Animation


Repeated employee absences can be frustrating and difficult to manage clear communication is key to resolving the issue, as an individual may be experiencing bullying or discrimination at work or they may have a serious illness whatever the reason for absence there are four steps business owners can take to reduce absenteeism Document company policy on leave and absence in the employee handbook and ensure all staff are aware of the details Enforce the policy fairly and consistently Record and monitor leave to identify any patterns or high absences Conduct training for both managers and employees on leave policies and potential outcomes of non-compliance If an individual continues to be absent
without proper explanation the next step is to arrange an informal meeting to discuss the employee’s health and welfare This meeting must include an opportunity for an employee to tell their story with a support person present if requested if the issue cannot be resolved or if it continues without proper explanation employers may consider starting a formal disciplinary process to resolve the issue for more information about how to conduct a
formal disciplinary meeting or for advice on managing absenteeism Speak with Employsure today

What can I do to expand my tourism business into Europe?


What can I do to expand my tourism business
into Europe? (Internationalisation) What is Internationalisation? A set of activities
that any business develops outside their “natural” geographical markets. How to plan going international? three strategic
dilemas: What markets should I enter?; What market penetration strategy is to be carried
out?; With what type of organisation should we enter? You need a strategic plan: analysis — risks
and opportunities. And an international marketing plan: Guide
to foreign market adjustment – New market penetration strategy and new market operating
strategy Franchises: The transfer of the trademark,
name, and know-how to a foreign company for a specified time
Joint venture: Creation of companies by two or more companies from different countries
for the joint development of an activity Strategic alliances: Companies who usually
compete, team up (with a cooperative agreement) to enter new markets or achieve higher rankings
themselves Management contract: Operational control and
management of a company abroad is done by another. It is a fairly common method in the
tourism sector Acquisitions: A company buys another company
using various methods, so that they acquire control over the said company.
Mergers: Two or more companies, generally of equivalent sizes, agree to join together,
creating a new company using all their resources (assets), and then dissolving the two or more
primitive companies. Takeovers: A company acquires another company
and the acquired company usually disappears. How to choose your internationalisation method.
You must take into account: The specific variables of the destination
country. The specific variables of the destination
country. The characteristics of the sector or area.

Sigma Technical discuss growing a business in Exeter


My name’s Mike Badley, I’m an engineer I run Sigma Technical and Luminous Show Technology. My background is in movie special effects. I’ve spent the last 15 years working on blockbuster movies. So, we got in touch with SETsquared and were introduced to Joe Pearce. We met with Joe for a coffee and he ran us through all the services that we can access. SETsquared introduced us to Spacetech. Sigma Technical went in with open eyes hoping to learn something from Spacetech. We came away with a great plan and a lot more confidence in what we are doing. Through Spacetech we got £5,000 of grant funding to evolve our concept and our product and following on from that we were able to access £250,000 worth of grant funding from Innovate UK. The robotics project we’ve been working on is designed to measure athletic performance. We’ve also been awarded a seal of excellence from Horizon 2020. We have a mentor called Stephen Moore, he’s an experienced entrepreneur. It’s really useful to have somebody with that kind of level of experience that you can access. Following the grant funding, we were able to take on a couple of employees and since then we’ve developed Luminous which is now doing very well and we’re now up to seven employees. We’re located at the Exeter Science Park, it’s a great facility to have access to it’s got meeting rooms, all sorts of different sizes of offices, so your company can grow without having to move. Whilst Sigma Technical has been developing its robotics hardware several opportunities have come along for us to exploit which SETsqaured have been instrumental in helping us with. We’ve created a spin-out company called Luminous. Luminous now sells special effects hardware worldwide.

London Business Report #8 Hold Everything Virtual Offices.


Fraud against small businesses has led to
the loss of up to 50,000 UK jobs, according to research by Barclays. A study carried out by YouGov on behalf of
the bank found that 44 per cent of small to medium-sized enterprises (SMEs) had been targeted
by fraudsters and almost one in four (23 per cent) had fallen victim to fraud. UK consumers at risk of fraud because British
bank security ‘lagging’ The study showed 10.6 per cent of all SMEs
surveyed had suffered a cyber-attack, with 8.58 per cent of those making staff redundant
to cover the cost of cybercrime. Based on a total of 5.687m small businesses in the
UK, that equates to 52,120 jobs lost. The average cost of fraud to a business was
£35,000, which means the total cost could be up to £40bn to date. Ian Rand, chief executive of Barclays Business
Banking, said: “Fraudsters are targeting hard-working entrepreneurs, in some cases
impersonating suppliers and staff, intercepting emails and sending fake invoices. One month till GDPR deadline Research from international law firm says
nearly half of firms will not be compliant in time The deadline for businesses to be GDPR compliant
is one month from now (25 May) with around 40 per cent of firms not expecting to be ready. Law firm McDermott-Ponemon surveyed US and
European companies on their understanding of the impact of GDPR and their readiness
for it. It found that 52 per cent of firms would expect to be compliant on or before
the 25 May deadline, with 40 per cent expecting to become compliant after the deadline. 8
per cent were not sure if and when they would achieve compliance. The General Data Protection Regulation (GDPR)
aims to strengthen EU citizen’s data rights and hold firms more accountable to data breaches.
If you own a company registered somewhere in the EU or own a company that deals with
the personal details of EU citizens, then GDPR applies to your business. Essentially,
(GDPR) is all about giving customers the choice to opt in or out of marketing emails and it’s
taking a long time to contact them all. Getting a quick response from customers and suppliers
is proving more tricky.

London Business News Report #7 from Hold Everything Virtual Office


If you own a fast-growing, revenue-generating
business in London in technology, life sciences, creative or urban infrastructure sector and
are actively looking for a launch pad to grow internationally, the Mayor’s International
Business Programme (MIBP) is tailored perfectly to fit your global growth vision. Celebrating some of the fastest-growing, innovative
companies in London, 2017 was a stellar year with cohort members expanding into new markets,
creating jobs, closing deals and opening new offices overseas including Century Tech, Yoti
Ltd, McLEAR & Takumi. This exclusive programme provides a bespoke, on-the-ground mentoring
scheme to SMEs. Expert advice is delivered by leading entrepreneurs and business leaders
along with access to targeted trade missions, live leads and opportunities. Sometimes it seems there’s nothing but doom
and gloom on the UK’s High Streets. New store openings are at their lowest level
for seven years. And mid-range restaurants are closing branches left, right and centre. But there are still some retailing bright
spots. Primark
fashion chain is leaving rivals like New Look in the dust by sticking to one principle. Price is the main thing, say experts. Price
is always front and centre. Sometimes you hear that to survive retailers
must have a strong online offering, or should provide in-store theatre to keep customers
coming back. Primark does neither. Instead it’s the Lidl of clothing retail:
pile ’em high, sell ’em cheap. And it works. This week Primark reported higher UK sales
and plans for two new stores. But Kate Hardcastle, retail analyst at Insight
With Passion, says there’s more to it than that. “If you look at their Instagram they have
a following of 5.3 million. “They’re connecting the public with what’s
in store and creating a conversation. “There’s no big ad campaign, no supermodels.
They’re just getting customers into the store.” At Hold Everything we want to engage with
you so follow us on twitter and subscribe to our Youtube channel

Managing Casual Employees | Employsure


Many businesses hire casual employees to help manage busy periods throughout the year. A casual employee works on an irregular basis with no expectation of ongoing work But this doesn’t mean they miss out on the entitlements permanent employees receive. Regardless of the type of employment all workers must have an employment agreement and for casuals, this should outline the expectations of the role. Casual employees are entitled to four weeks of annual leave, but if work is too irregular to allow an employee to take holidays employers may pay upfront each pay cycle instead by adding an extra 8% to the employee’s gross wage. Employers should assess the work pattern and if hours become regular, a new employment agreement must be signed changing the annual leave entitlement from up-front payment, to accrued time. If an employer continues to pay 8% extra despite casual hours becoming regular, they may not be able to recover this money. Casual employees are also entitled to sick and bereavement leave after six months if they have worked an average of at least 10 hours each week and at least one hour a week or 40 hours a month. For more information about casual employment,
speak to Employsure today.