According to the Merriam-Webster dictionary, the term “networking” was first used in 1967, but has only recently increased in popularity. In 1975, 8.7% of the UK workforce was self-employed; a number which grew steadily to 12% by 2008. Then the world’s economies crashed and, as a result of redundancies, many took the opportunity to set up their own business – currently more than 16% of the UK workforce is self-employed and that figure is rising. There will soon be more people working for themselves than there are working for the public sector.
With such large numbers of entrepreneurs and small business people running their own companies, it’s hardly surprising that business networking groups are springing up across the country. Many self-employed people have started them up or taken over networking franchises as a business in their own right. They not only provide a great opportunity to make contacts with small business owners, they also provide much needed social contact for people working for themselves.
With the advent of Ambition Broxbourne, Hoddesdon has thrived as a place to not only do business, but also to start your own enterprise. For entrepreneurs and owners of SMEs, networking is an excellent way of making contacts and building up a great network of clients and suppliers.
The business and industrial centre of Hoddesdon is centred around Pindar Road. The area provides modern industrial units from 500-3,500 square feet in size which are occupied by a wide range of companies that provide goods and services such as warehousing, plant hire, hardware, and even a genotyping laboratory. It also houses Hoddesdon’s public recycling centre.
Ambitious plans for business
In the autumn, office space will become available when the new Ambition Broxbourne Business Centre opens its doors. Funded by Broxbourne Borough Council and Hertfordshire Local Enterprise Partnership, it will provide 65 serviced offices for around 300 people, to support and encourage local start-ups, entrepreneurs, and SMEs. When at full capacity, it’s estimated that the businesses will contribute £20m annually to the local economy, which is great news for Hoddesdon. This is expected to lead to business growth in Pindar road and beyond.
On Thursday 23rd June, HB went along to the FSB Herts Awards 2016. The evening was fantastic at the lovely venue Manor of Groves based in Sawbridgeworth. We were so proud to be awarded as winners in the Best Customer Service and Apprentice of the Year categories, as well as runner up in Training and Development! (more…)
HB Accountants are so pleased to be attending the FSB Hertfordshire Awards 2016 as finalists in categories Best Customer Service, Training & Development and Apprentice of the Year! As this is our first year of entering awards we are overwhelmed that we have been shortlisted amongst some fantastic businesses. (more…)
1 HB Accountants @HBHoddesdon
HB Accountants have been serving Hoddesdon since 1983 but we’ve been formed since 1921, offering friendly and pro-active advice to help you grow your business and save tax. We’re very much a part of the Hoddesdon community and would like to highlight the Twitter accounts of other Hoddesdon businesses and charities. (more…)
Supplier relationship management (SRM) is more than just ordering goods or services from third party organisations. To get the best out of your suppliers, it’s essential to create close and collaborative relationships with them. It’s not rocket science – like a good relationship in any situation, your aim should be to work together as a team. We’ve put together a few simple strategies for effective supplier relationship management which could have enormous benefits for your business’s bottom line. (more…)
Results of a new survey have shown that small businesses are damaging their chances of growth by not using Key Performance Indicators (KPIs). (more…)
According to the accounting membership organisation AAT, SMEs are probably losing out on £1,277 a year because finances are being dealt with by unqualified staff. This equates to a massive loss of around £2.9billion a year across the UK. AAT estimates that 35% of people who are responsible for finances in their SME don’t have a relevant qualification, with finance and accountancy tasks being shared between staff for whom it is not a primary responsibility. In fact, only 26% of small businesses have one or more dedicated staff members dealing with the accounts.
Here are our Top 7 effective budgeting tips for small business owners.
If you run a small business, are a sole trader or even a freelancer, you’ll undoubtedly need more help with your accounting than you can probably afford. By using a specialist accounting package, your accounts can be organised in a way that’ll help you make sense of them. And if you keep your day-to-day accounts in good order, you could save money on accountants in the long run.
Here’s the HB Accountants’ beginner’s guide to the features available with some of the best packages specifically for small businesses.
Please be aware of the following changes effective as of 1 April 2016: (more…)