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2005 marked with company failures. 2006 hopefully a better year

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A report by financial analysis firm Experian states that 2005 was marked with an increased level of company failures, as indicated by a jump in corporate insolvencies up 11% from the previous year’s levels. This increase has been attributed to rising interest rates, a slowdown in consumer spending, high energy costs, and increased difficulty in going through the bureaucratic processes.

Experian came up with this analysis by taking into account the number of adverse notices that Companies House issued to these companies, such as voluntary liquidations, compulsory liquidations, administration orders, receiverships and voluntary arrangements. Such adverse notices are usually indicative that a company is expected to face difficulty in recovering to normal status in the future, if ever at all.

According to the study, the sectors most severely affected were non-food retail, business services, and media.

Company formation and business solutions experts are hopeful that 2006 will prove to be a better year for businesses, as companies learn from past lessons and strive for a better year ahead.

2005 offers mixed results for small business

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The government has met with mixed success in its bid to support businesses in 2005 this is how small business owners perceive what has happened in the year as they headed into the Christmas holidays.

About half of all company directors have said that they believe that Tony Blair and his government has been able to take positive steps to create and nurture an enterprise culture.

According to a poll made by Ernst & Young, the number of entrepreneurs who have expressed happiness with the government’s level of support increased ten per cent this year.

But entrepreneurs also expressed their worry about sales and business development for the next 12 months.

Company formation and business solutions experts are hoping that for 2006 some of the government’s enterprise focus will be directed at the country’s more deprived areas in order to foster a more active entrepreneurial spirit in the said areas.

Leadership development needed for London’s small business to thrive

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Almost 43 per cent of London’s business owners have said that addressing the shortage of skilled workers is important so that London becomes the best place for businesses and entrepreneurs to thrive.

One of the solutions proposes is by increasing the leadership and management skills of senior strategic decision makers. According to the survey one in three people who started and operated a business said that personal mentoring schemes would be their primary training choice in order to help their company’s performance while 42 per cent said that one to one coaching is beneficial.

Redundancy in hiring contractors a big problem

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Various companies are actually wasting money by employing contractors that they may not need because they have failed to oversee in-house skill levels.

This was the result of a new research made by InfoBasis. According to results of the survey even though 75 per cent of companies use contractors, a big majority of them do not carry out audits of their workforce to see if the required skills are already available within the company.

Company formation and business solutions experts are warning businesses that they may be needlessly spending money for expertise that their employees already possess. They said that this is bad business practice and urge business owners to keep a close eye on the skills of their employees to eliminate this problem and also to help boost staff retention levels.

How to Plan a Corporate Event

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When planning a corporate event, there are many factors that must be taken into consideration to ensure that everything goes off without a hitch. Whether the corporate event is a business meeting, awards ceremony, charity event, or office party, everything from the location to the food and drink available needs to be planned out ahead of time. The tips below will help anyone pull together a plan for the perfect party.

Develop a Concept or Theme

Begin by developing a concept or theme for the event. Even if the event is a business meeting, conference, or training seminar, it is possible to make an event even more memorable by incorporating a concept or theme. The concept or theme can then be used to identify appropriate coordinating factors such as themed dĂ©cor, invitations, and even suggested attire. Just make sure all the guests know the theme in advance and have plenty of time to prepare! [Read more…]