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Newsletter #129 - The 'coffee crunch', Beginners guide to Wi-Fi, Protecting your business in a downturn, Why you need a website

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In this week's Business121 Newsletter:

1. The 'coffee crunch'
2. Beginners guide to Wi-Fi and Wireless Internet
3. Top Tips to protect your business during an economic downturn
4. Limited Companies - What does a Company Secretary Do?
5. Why do I need a website for my small business?
6. Business expense claims - New rules on claiming mortgage interest

Small Business News

7. Entrepreneurs see opportunities in economic downturn
8. Firms discriminating against candidates with "bad accents" risk tribunals
9. Home Business Awards 2008 open for entries
10. Self employed mortgages - what has happened to the market?

The 'coffee crunch'

Starbucks, the ubiquitous coffee chain this week announced that to counteract falling profits it is to close 600 of its 7200 US stores.

It seems that when the economy is good, and we have some extra cash in our pockets, we're willing to pay £2 or £3 for a 'skinny latte' or a 'Frappuccino' but when things are tighter, the expensive frothy coffee is one of the first items we cut back on.

In days gone by, the fortunes of Marks & Spencer were regarded as a bell-weather for the UK economy, but these days, the number of coffee shops opening or closing on your local high street might well be a better reflection of the health of the economy.

The 'coffee crunch' is hitting home on the other side of the pond, so it's probably just a matter of time before it hits the UK.

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Beginners guide to Wi-Fi and Wireless Internet
WiFi is the name given to wireless technology – for our purposes, most commonly used to provide internet access without the need for wires. Rather than plugging your PC or laptop into your broadband modem, you can access the internet remotely as long as you are in range of a Wi-Fi access point – either at home or when you're out and about. This guide looks at the many benefits of WiFi and tells you how to get started with wireless.

Top Tips to protect your business during an economic downturn
Some experts believe that the UK economy is already nearing a recession, whereas others believe the "credit crunch" has been overblown by the media. Either way, many small business people have already started to look at how they can survive a downturn. Here are some tips to help make sure your business doesn't go down the pan when the economy sinks.

Limited Companies - What does a Company Secretary Do?
An overview of the typical role and responsibilities of a Company Secretary within a small business if you choose to appoint one for your limited company.

Why do I need a website for my small business?
With the continuing growth the Internet, more and more small businesses are going online. If you remain unconvinced, here are some compelling reasons why every small business should have a website.

Business expense claims - New rules on claiming mortgage interest
HMRC have started to allow self employed people to offset mortgage interest and other fixed costs against their annual tax bills, something which accountants have previously advised against doing due to the capital gains tax implications. Self employed people who run their businesses from home could well benefit from this updated guidance.

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SMALL BUSINESS NEWS

Entrepreneurs see opportunities in economic downturn
The latest in a string of surveys suggests that although business confidence is at a three-year low amongst entrepreneurs, nearly half remain positive and believe that a recession could actually present fresh business opportunities.

Firms discriminating against candidates with "bad accents" risk tribunals
New research from a leading employment law firm, Peninsula, shows that over three quarters of employers have discriminated against a job applicant due to their accent. But those companies that do so, may be breaking the law.

Home Business Awards 2008 open for entries
Home working site, Enterprise Nation, has launched its annual Home Business Awards which includes several new categories this year.

Self employed mortgages - what has happened to the market?
Following the implosion of the mortgage market in recent months, a large number of mortgage companies have pulled many of the most attractive deals, with self employed people affected more than most.

** For the latest Small Business News, visit http://www.Bytestart.co.uk **

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(c) Business121.co.uk 2008

Posted July 2, 2008



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