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July 11, 2014

Also in the news this week — 11 July 2014

SMEs without a mobile presence missing out

A OnePoll survey commissioned by AppsBuilder reveals that £52.6 billion of potential revenue to be gained via mobile is being ignored by over 3.2 million UK SMEs. It found that 65.8% of the nation’s 4.9 million SMEs don’t currently have a mobile presence, equating to potential lost revenues of £52.6 billion in the next 12 months alone. The number of consumers in the UK using mobile phones to access the internet has doubled over the past three years and about 5% of all UK retail sales come via mobile phones.

International Festival for Business to return in 2016

The International Festival for Business (IFB) is to return to Liverpool in 2016 following its successful inaugural year. Chancellor of the Exchequer George Osborne has promised funding and said: “When I travel round the world meeting foreign governments and investors I am selling Britain as a brand, and events like this International Festival for Business make that job easier. I will work with you all of you here to put on an event that is even bigger and even better in two years’ time, so we can continue to put Britain, this great city of Liverpool and our inspirational small businesses out in the front.”

Savvy consumers looking for more secure phone payments

The latest survey from Syntec Telecom reveals that recent data breaches have increased the demand from consumers for new payment technologies to tackle fraud in call centres. It found that 60% of consumers are reluctant to pay over the phone, with only 1% feeling that payment over the phone to a call centre is secure. And 75% of consumers said firms should do more to prevent credit and debit card fraud. Simon Beeching, director at Syntec Telecom, said: “The message from consumers is clear; organisations need to speed up their adoption of new and more secure payment methods or risk losing business.”

Franchise Opportunities Live

Franchise Opportunities Live, now in its third year, opens its doors on 5 and 6 September at the Park Plaza, Victoria in London. The event offers a “match-making” service, with pre-arranged face-to-face meetings between exhibiting franchises and visitors. The meetings are conducted in a one-to-one environment, allowing prospective franchisees to ask detailed questions. There will also be a seminar programme run by the British Franchise Association (BFA) covering topics such as how to choose the right franchise and offering legal and financial advice.

One in four dream of running their own business

A report by Lloyds Bank Insurance, Big Issues for Small Businesses, has found that 26% of employees dream of leaving their job to start their own business. The most common reasons include having more control over work-life balance (51%), taking on a new challenge (46%) and making more money (41%). 83% believe they would be more motivated and 79% feel they would have greater job satisfaction running their own business. But the report reveals that fear is preventing 33% of would-be entrepreneurs from breaking out, while 48% feel that the current economic climate is not yet strong enough.