Traditionally, we think of the New Year as a time to approach life and work with renewed enthusiasm after a good rest at Christmas. The widespread snowfall in the UK soon put an end to that. As a result of the drop in temperatures and significant snowfall, a week of unsettled working arrangements has ensued. The Federation of Small Business estimates that lost productivity due to the snow could result in losses of at least £1.2bn to UK businesses.
The 40% level of absenteeism has been crippling to some businesses, with closures up to a week long due to an inability to access premises or as a result of the knock-on effect of closed schools and subsequent emergency childcare needs. The Forum of Private Businesses has estimated that staff absenteeism alone could cost UK SMEs £230m.
Some businesses have profited nicely from the weather. Percentage of sale increases in various stores on products such as soup, cooking salt and cat litter have risen 80%, 500% and 55% respectively. Around the corner from our own office (where it’s so cold I’m typing with fingerless gloves on) the local pub has been running an impromptu BBQ stand on the street in order to provide hot food to the public. Only when it snows in the UK can you be guaranteed that the Butcher, the Baker, the Candlestick Maker will be able to sell you a sledge.
We asked our Marketing Donut Twitter followers for their input on how this week’s weather had impacted on their small business activities. The responses were mixed and perhaps it is a pointer towards the increasing work-from-home-culture afforded by the Internet, that for some, productivity may even have increased.
Please do add your experiences from this week’s snow disruption.
Traditional business is about money for services, cash for a product. Increasingly, businesses online are adopting the Freemium model, a concept defined by Chris Anderson of Wired Magazine.
In this video, Freemium expert Peter Froburg talks about the best examples of this model and how it can really work for online businesses in the 21st century.
When thinking about how you attract people to your business, have you factored a “freemium” level offering in? Is it appropriate for your business? Have you tried it? All good questions.