Business Extra: News in Brief
Monday 27 September 2010
Internet Made Easy
The internet has done much to fuel the growth in small businesses. It has made it much easier and cheaper to start a business and has produced many opportunities.
The problem is that – as is shown by countless examples over the past few years – it is perhaps even more difficult to make money from internet businesses than it is from more traditional ones.
In “Net Profit: How To Succeed in Digital Business (John Wiley & Sons, £14.99), experienced internet entrepreneur David Soskin aims to help would-be internet entrepreneurs and investors through the traps and pitfalls by explaining such matters as how to convert brilliant ideas into money-producing ventures, how to obtain the necessary funding and how to go about finding appropriate colleagues and investors.
Self-help on payments
More than half of British small and medium-sized businesses do not anticipate any assistance from the Government in tackling the late payments issue, and that the number of companies feeling the impact of late payments has fallen by 20 per cent in just six months, according to research by Bacs, the organisation that organises bank payments.
Mike Hutchinson, head of marketing at Bacs, believes this is largely due to the individual companies’ efforts and says: “It’s extremely heartening to see that there are now many companies making great strides to help themselves beat the late payments cycle, by sharpening up their billing and credit control procedures.”
However, there are still a massive 769,000 companies effected by late payments and Bacs’ research shows that the total amount of money owed to these companies is now nearly a third more than it was six months ago, with £24.6bn in total now owed to businesses across Britain.
Fruit processor wins
A scheme to set up a rural supply and processing network for fresh apricots in the Ladakh region of India is the winner of the latest annual Oxford International Youth Business Development Competition. In the final of the contest, held at Oxford University’s Said Business School earlier this month (sept), Organic Fresh saw off competition from an information and entertainment company in Ghana and two other projects in India – a consumer-focused website called Go-Geo and a programme that delivers medical expertise via satellite under the title Healthcare without Borders.
The 2010 contest attracted 130 entries from teams of young entrepreneurs around the world and 20 of these received mentoring from current Oxford MBA students in order to develop their plans. The winner was chosen by a judging panel on the basis of impact, viability and the ability to put the plan into action.
Sales of the tablet are set to fall again, say analysts
Follow the latest updates from the Monday night Premier League fixture
Met Police confirm there was a 'minor disturbance' and that no-one was arrested
George Lucas criticises the major Hollywood film studios
Does Chris Grayling realise what a vague concept he is dealing with?
Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets
Concerns raised phenomenon is threatening resort's image as a family destination
I Am Bread could actually be a challenging and nuanced title
Peter Biaksangzuala died from his injuries in hospital on Sunday
- 1 Indian footballer Peter Biaksangzuala dies after injuring spine doing somersault celebration
- 2 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 3 Drink alcohol and eat meat to improve male fertility - but cut down on coffee, studies suggest
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Lynda Bellingham dead: Loose Women presenter dies after battle with colon cancer
Banksy arrest hoax: Internet duped by fake report claiming that the street artist's identity has been revealed
'Russian submarine spotted' by Swedish military off coast of Stockholm
Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
Hurricane Gonzalo: When will it hit the UK and how strong will it be?
Oscar Pistorius sentence: Athlete's wealth and notoriety provoke an overdue debate on South African prisons
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Sorry Judy Finnigan – Ched Evans is no less sickening than an alleyway rapist
Residents should throw a street party and mix with immigrant neighbours, councils told
Workers 'could be forced to pay £5 a week' to get benefits
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver allegedly kicks gay couple off for kissing
iJobs Money & Business
£18 - 23k + Benefits: Guru Careers: We are seeking a Customer Service Executiv...
£60 - 65k + Benefits: Guru Careers: We are seeking a ASP.NET Web Developer / ....
£60,000 - £80,000: Saxton Leigh: Our client is an leading Asset Manager based...
£27000 - £32000 Per Annum: Clearwater People Solutions Ltd: Our large charity ...