Tag Archives: small business

Jan 2 2013

UK Retail Bankruptcies: Job losses from Business closures rise in 2012


Retail sector, bankruptcies

Figures have just been released in the United Kingdom for the retail industry and the closures that happened in 2012.

In 2012 the number of retail businesses that closed were up 6% from the previous year.

Many economists believe that 2013 will be another tough year.

The numbers that went into administration

194 retailers  last year.

This compares to 183 in 2011

It is an 18% rise on the 165 in 2010.

 Names such as Comet, Clinton Cards, Game and JJB Sports were some of the big names.

The closure would have affected thousands of jobs. The retail sector employs 1,000,000 plus people but job creation will continue and employment opportunities are always being created. Work is available but it the cost of living that keeps increasing, so the outcome is a continuation of tough times for people and businesses. Companies from many industries have money to invest but the worry of Europe and the debt crisis in the USA, stops investments and job creation. Businesses are looking at ways to reduce costs and increase online exposure to generate new growth and profits.

 Retail winners

John Lewis in the UK said like-for-like sales rose by 13% in the five weeks to December 29 compared to 2011.

They had record sales of £158m in the week leading up to Christmas,

This is the  first time that sales have broken the £150m mark  and record sales of £31.7m in the sales on December 27.

Online sales rose 44.3pc and now account for a quarter of group sales, thus showing the way forward for all businesses.

Online sales for businesses

The problem a business will face in making money online is they need to be found. The battle to be indexed in Google page results is a costly and time consuming effort.New businesses are being created to help with this as having your company on a list does not guarantee you will be chosen. Advertising and marketing costs are huge and small businesses need alternative methods to capture customers and drive traffic to the service they offer. If businesses can win customers from online trading, the result can be jobs being created. Moving away from the costs of operating on the ground and employing people in an online section of a retailers business, can be a solution.

Related articles

 

Dec 29 2012

How does the US fiscal cliff hit all of us..Jobs,money,business,tax


Fiscal Cliff Tax Hikes , less money in your pocket and a disaster for business and jobs

Here are some comments collected from around the web about the possibilities from a negative outcome to the fiscal situation in the USA. America is facing tough times and even if this is sorted out, it is only a short term financial solution. Most economist agree that the economical situation will not be solved just delayed until a new stop gap measure is created. The facts are the US is in debt and this needs to be paid, if not what is the solution?

30  million Americans will be damaged in some way..the reality is, all will suffer.

 

Your Income Tax Rates Will Go Up The expiration of the Bush-era tax cuts on Dec. 31 means nearly every American taxpayer will see their rates go up to levels of almost a decade ago

Paychecks Will Be Smaller after the Social Security payroll tax holiday expires on Dec. 31, raising the rate from 4.2 to 6.2 percent.

Tax Refunds Will Be Delayed by the Inland Revenue, this will effect your income and money levels that you require to control daily expenditure

You Cannot Collect Extended Unemployment and this will have a disastrous effect on business, incomes, support structures, charities and more…

The cost of goods will be rising, a gallon of milk could double to $6…so once again your money will buy you less.

 The child tax credit will be reduced…Your children Will Cost You More Money and your income will buy you less.

How to find a job?…A New Job Will Be More Difficult to find, employment opportunities will decrease, careers will be difficult to find.Job creation and the chance to work , even finding  job vacancies will be difficult.

Stock markets and your shares could crash leaving you short and a more difficult future on the horizon…this in itself will affect jobs, businesses and financial systems worldwide.

Medicare,..It Will Be Harder To Find A Doctor to help you, if it was not difficult enough already and the cost will soar for many.

Obamacare…High Earners Will Pay New Taxes to pay for this, leaving them less money and putting their finances under threat. Money will be spent on basic requirements and businesses will then suffer from the lack of cash and dollars in the market place.

Recent updates…

US President Barack Obama has used a last-ditch White House meeting to urge Congress to back an interim plan to avoid the “fiscal cliff”, reports say.

He reportedly asked Republican and Democratic leaders to back tax cuts for those earning under $250,000.

They have only four days to reach an agreement before across-the-board tax rises and spending cuts take effect.

Analysts say sliding over the “cliff” could tip the US into recession and set back the global economic recovery.

Why does it matter?

Analysts paint a grim picture of the US economy, The situation is so bad it could make the Euro zone crisis seem insignificant.

“The US fiscal cliff represents the single biggest near-term threat to a global economic recovery,” the Fitch ratings agency said recently.

“The dramatic fiscal tightening implied by the fiscal cliff could tip the US and possibly the global economy into recession

Global growth rates will halve in 2013 is the latest prediction

The IMF warns that job creation and peoples money will be trashed.Growth rates could drop by 4% and thus effect the markets and growth of all other countries around the world

How will people in the US suffer?

Money losses… $550,000,000,000 will be sucked out of the economy. Imagine how the markets will deal with this money loss and how many jobs will be lost. Your local businesses and local areas, your community, family, children…..

The average yearly tax bill for each American would rise by $3,500 on average. Can the average American deal with losing $300 a month and the knock on consequences are huge

The super-rich face a tax rise of $121,000 approx a year.

Lowest earners will see an increase of about $420

For the middle income earners which is the largest proportion of the Us economy the average rise will be around $2,000.

Small businesses in the US could be going off the cliff as well….read more at http://www.bbc.co.uk/news/business-20843288

If things go wrong , we are a small business that will do its part in helping reduce the costs to business…let’s all hope the short term problem is fixed as at the end of the day it is the people that will suffer

 

Related articles
Nov 26 2012

VAT- 25%-lets close all businesses now …UK in turmoil


Can you imagine a jump to 25% Vat.

Life is difficult enough for consumers and businesses.

Just stop and think about your savings …..Are you laughing.. As every penny you have is losing value due to inflation being higher than what you earn.

Mortgage rates….will they rise…YES! Right now you can get deals as there is a war going on to attract borrowers with attractive mortgage rates.

HOUSE PRICES ARE FALLING WITH NEGATIVE EQUITY INCREASING. HAVE PEOPLE BEEN PUTTING MORE CAPITAL INTO PAYING OFF MORTGAGES?…No as the money is needed to LIVE  in many cases.What will happen if the mortgage rates jump?

Energy prices are rising at a ridiculous rate.

Pensions are not performing and face a potential crisis as the situation worsens.

Food costs have soared and add more VAT on other products with incomes stagnating at best, savings depreciating,finance costs rising  and welcome to your world.

Sky news reports.…

Chancellor George Osborne may have to hike VAT to 25% as he continues his battle to restore Britain’s economic health, analysts have suggested.

The Institute for Fiscal Studies (IFS) warned struggling Britons could face yet more spending cuts and tax rises because of weaker economic growth and lower tax revenues.

If these problems are permanent, the Chancellor will need to plug a £23bn black hole if he is to meet his financial targets by 2018, according to the respected think tank.

Achieving this from tax hikes alone would be “roughly equivalent to increasing the main rate of VAT from 20% to 25%”, the IFS said.

Mr Osborne is due to reveal his latest economic plans next week when he unveils his Autumn Statement on December 5.

But the lack of scope for tax increases has been laid bare by a new spending power report by Lloyds TSB.

Its research found the squeeze on family budgets – as a result of stubborn inflation and weak wage growth – was just as strong in October as it was a year earlier.

It warned that rising energy bills this winter would only exacerbate the situation.

The IFS suggested Mr Osborne may also have to tear up one of his key austerity goals because Government borrowing is likely to rise this year.

Related articles….look at these reports from years ago and now you have the proof…IT IS GETTING WORSE

HOUSING PRICE RISES….GREAT IF YOU CAN AFFORD IT…CAN YOU?

 

Nov 19 2012

Zynkin news- Reuters report on empty Britain


The proportion of empty shops in British town centres hit a record in October in the face of stagnating sales and rising costs, according to a survey from the British Retail Consortium (BRC) published on Monday.

2012 has seen several high profile retail failures, including sportswear group JJB Sports, outdoor goods group Blacks Leisure, video games retailer Game and greetings card firm Clinton Cards. Though they all re-emerged in some form, hundreds of stores have closed.

The retail lobby group said the proportion of empty stores on UK high streets and in shopping centres was 11.3 percent in October, the highest figure since the BRC began publishing the survey in July 2011 and 0.4 percent worse year-on-year.

It said Northern Ireland (20.0 percent), Wales (15.1 percent) and the North and Yorkshire (14.6 percent) had the highest vacancy rates.

“This new high in empty shop numbers really sets alarm bells ringing,” said BRC Director General Stephen Robertson, adding the survey “confirms that financial challenges for both customers and retailers are far from over.”

Though about two-thirds of Britain’s GDP is generated by consumer spending, retailers are mostly struggling as consumers’ disposable incomes are eroded by rising prices, subdued wages growth and government austerity measures.

Official data on Thursday showed British retail sales posted a surprise fall in October as shoppers cut back on food and clothing purchases, reducing the chances consumers will boost theeconomy in the final quarter.

That data came a day after the Bank of England warned that Britain faced years of meagre economic growth coupled with rising prices, adding that its ability to numb the pain was nearing its limit.

Related articles

 

Nov 12 2012

Zynkin news-Groupon in BIG trouble


A point we have been arguing for a long time is now coming true. Groupon is in trouble. The fact that the model they used and the prices they charged is not working seem to be now hitting them in the pocket.

Groupon are still financially ok but as more competitors rise up, could they collapse completely.

Groupon and its compatriots in the much-hyped daily deals business were supposed to change the very nature of small-business advertising. Instead, it is the daily deal vendors that are racing to change as evidence mounts that their business model is fundamentally flawed.

Groupon last week reported another quarter of disappointing earnings as its core business stagnated, sending its stock down 30 percent to an all-time low of $2.76. Its biggest rival, Living Social, is piling up losses, and part-owner Amazon.com earlier this month recorded a quarterly loss after writing down its Living Social investment.

Keep an eye out for Zynkin launching in the new year….it is the complete package for businesses.

Initial tests for 3 months have been great and feedback has led to the development of even more benefits for users and businesses.

In the time of austerity ,high unemployment and downturns…it is time for a product that is built for small businesses.

Recent European Union and American data show the road ahead is long and difficult as we are beginning to see with cases like Groupon.

 

 

For more read reuters…http://uk.reuters.com/article/2012/11/12/uk-groupon-dailydeals-idUKBRE8AB05220121112?feedType=nl&feedName=uktechnology

Oct 15 2012

Zynkin news- Another fantastic day in crisis


George Soros: Germany must act to solve ‘nightmare’ euro crisis

There is a real danger that the “nightmare” euro crisis could destroy the European Union and Germany should either step up to fix it or step out of the currency union altogether, fund manager George Soros said on Monday.

http://www.telegraph.co.uk/finance/financialcrisis/9610401/George-Soros-Germany-must-act-to-solve-nightmare-euro-crisis.html

Good News Britain: If you have a great business, investors will come to you

Steve Locke, co-founder of cocktail bar chain Be At One, explains their growth strategy and how they snared a multi-million investment.

http://www.telegraph.co.uk/finance/good-news/9605807/Good-News-Britain-If-you-have-a-great-business-investors-will-come-to-you.html

Debt crisis: as it happened – October 15, 2012

Spain will reportedly ask for an EU bail-out next month, alongside a revised loan programme for Greece and a Cyprus rescue that will form part of one big package to shore up the eurozone’s weaker nations.

http://www.telegraph.co.uk/finance/debt-crisis-live/9608697/Debt-crisis-as-it-happened-October-15-2012.html

Spain and the cuts

There will big marches in Madrid on Wednesday and Thurday and a three day General Stike in education centres.

‘The Week of Struggle’ starts today as pupils and parents demonstrate for the Education System.

During the week there will be demonstrations and assemblies across Spain, as well as three days general strike in education centres.

The cuts in some of the autonomous regions are very deep indeed.

The cutbacks are going from Madrid to the regions, where the drastic cuts mean there will be fewer deputies, wage cuts, and no bonuses.

Only Madrid and Galicia have failed to decide on the extent of the cuts in their region and the most austere isCastilla-La Mancha where wages have been reduced and the number of seats in the chamber has been reduced.

Other communities such as Asturias or Extremadura have put the official cars in to dust, while the Aragon parliament has decided to reduce paper costs.

On the Canaries the wage of the 70 deputies is to be reduced. Also on the Canaries the cuts have reached the act organised by the Parliament, and the pending infrastructures in parliamentary buildings will be reduced.

The regions are getting their turn and even basic items such as water, electricity, and fixed-line and mobile connections will be revised.

The plans come from the new State Budget for next year.

Wage wise, in Castilla-la Mancha, after a double hit of removing the wage of the parliamentarians, they find an income only from collecting debt. In addition the number of deputies in the region are being cut by half.

In Castilla y León only 21% of the parliamentarians, those who give the chamber exclusive dedication are paid. Commissions in the region have been limited in the region.

In Madrid, Esperanza Aguirre, Ex President of Madrid, has expressed a wish to take the number of deputies from 129 to 65 even if the Statute has to be modified. Her successor, Ignacio González, say will continue along the lines of Aguirre’s intentions.

In Cataluña the austerity measure have been in an all-time reduction of more than 12%. There has been cut in representation costs, displacements, trips, telephone and essential services.

In Aragón they have decided to freeze wages, and take other measures to save paper. 500,000 copies of publications have been cut.

On the Baleares the deputies find their live insurance suspended, the removal of the extra payment at Christmas, and expenses and displacements are all cut. Savings are forecast at 5 million €.

In Valencia the deputies will see a 15% wage fall, which will be 25% from the start of next year.

In Extremadura the deputies have getting 5% less since the summer and reduced budgets are affecting official cars, parking tickets, and the deputies’ phone costs have been limited.

In Murcia the deputies have seen their wages frozen, and their budgets will be reduced by 13.3% in 2013.

In Cantabria for next year new adjustments in wages will be made, and the extra payment at Christmas is cancelled. This in common with the others run by the Partido Popular, in proposing to reduce the number of deputies, but it won’t come into effect until next year.

In Andalucía the Parliament has suspended the wages of the 109 deputies, and cut the budget by 1.3 million. The community has not considered reducing the number of deputies, but will instead be adding another one to be named ‘Seat 110’. It will be the job of this person to promote the P.P’s initiatives.

In Asturias the five groups in coalition have decided to reduce human resources, and material for the 45 deputies to make a half a million € saving. The have also got rid of official cars and their drivers saving 55,000 €. The cars have been put up for sale, but up to now there have been no takers.

In the Basque Country the Christmas extra payment is being removed, but the number of deputies remains at 75.

The Galician Parliament, which was dissolved on August 27 because a forthcoming regional election, will see the number of deputies go from 75 to 61. The Galician Parliament has already put an austerity plan into action, between 2009 and 2011 which saved the region 5.2 million €, by cutting political parties protocol, propaganda and gifts with the rationalization of mobile phone services and the reduction of facturas.

And finally,
The Assembly in Ceuta has reduced wages and in Manilla the deputies will not be assigned a wage, but will be instead for attending commissions and planning meetings.

Catalonia leader threatens to draw EU into independence row with Spain

Artur Mas points to Scottish referendum deal as he vows to ‘internationalise conflict’ if Spanish PM blocks a Catalan vote

Catalonia leader threatens to draw EU into independence row with Spain

Artur Mas points to Scottish referendum deal as he vows to ‘internationalise conflict’ if Spanish PM blocks a Catalan vote

http://www.guardian.co.uk/world/2012/oct/15/catalonia-leader-threat-independence-eu-spain

What sweden thinks about Greece

Tension is building ahead of this week’s European Union summit. Government leaders from across the EU will gather in Brussels on Thursday for two days of negotiations. Up for discussion – banking union, a single EU budget, the Greek financial programme and the possible Spanish bailout.

One of the key issues is whether Greece can cling on within the eurozone, with speculation swirling over a possible Grexit again …

The Swedish finance minister, Anders Borg, caused a stir over the weekend when he declared that Greece would probably quit the euro within six months.

China’s big spenders to cut back on luxury goods

Luxury goods market is set to slump this year, with growth more than halving as Chinese shoppers cut back

http://www.guardian.co.uk/business/2012/oct/15/china-big-spenders-cut-back-luxury-goods

 

Europe prepares for another Franco-German tussle in Brussels

A new EU summit will see more prevaricating and bickering, but the slow process adds up to a seismic shift in European politics

http://www.guardian.co.uk/world/2012/oct/14/europe-franco-german-tussle-brussels

Black Monday – 25 years on

On October 19, 1987, stock markets across the globe plunged in a terrifying crash

http://www.guardian.co.uk/business/gallery/2007/oct/17/blackmonday

 

Related articles
Oct 15 2012

Zynkin news- help is available ,communities,locals,individuals,businesses…YOU AND US


ZYNKIN LTD NEWSFLASH….NEW SITE WITH NEW PRODUCTS …A 21ST CENTURY MARKET FOR EVERYONE TO BENEFIT

At Zynkin, we do not collect money for any cause…we give them a “Voice”

Local heroes, charities, community projects or any other good causes we can promote.

Each local area on our directory will be linked to your site or stories in our “voices” section.

Help if you can. Contact us to inform us who we can add to our “Voices” campaign….Just wait until it goes live!!!!!

If we can add banners throughout our site to help promote you…we will at no cost to you.

Recession, crisis,economic problems…….charity begins at home.

We have the space so we want to help.

Our search engines are perfect to create an area that can give real heroes and causes a “voice”

BLOGGERS  we want you also…..A mutual benefit…we list you and you support the local areas.

It is time for the people to have a voice and our business will help ….Socially or for business,Zynkin will help.

Do we want to make money….YES…But it is what we do with it that counts!!!!!

Support us , yourself and anyone else we can reach out to.

Employment, property,businesses,products, services, deals,coupons and so much more.

Video chat, live messaging in many languages, your own control room and mail system ….plus more

JOIN ZYNKIN NOW IT IS FREE TO USE….WAIT FOR THE NEW LAUNCH!!!

USE SOCIALLY OR FOR BUSINESS.

A worldwide system to help level the playing fields and give opportunity to any one person

If the world is global give everyone an equal chance.

If you want a fair world …create a system that makes competition fair and equal.

 

Related articles

 

Oct 14 2012

Zynkin news- blogs,bloggers,local directory,free to all


When we launch the official site of Zynkin Ltd we have a section for blogs.We want people to help promote the local areas of the world.

Yes ,you will get linked and we hope that what you are writing about can attract customers to your local area and the businesses that are represented there.

Youtube video links are also allowed to be linked in another section of the site.

If you have videos of attractions,markets and interesting things to do in your local area …we want to list them.

Zynkin ltd is going to attempt to put as many features in one place to help the small businesses of the world to expand, grow, employ and reach new markets..

We are offering a market where anyone can list something…Deals,coupons,property,services ,businesses, products, blogs, videos,help,charities and much more.

Is it a business….yes

Does it want to make money…yes

Does it offer every user an opportunity to make money…yes

Is it ambitious…yes

does it need help….OH YES!!!!!

Related articles

 

Oct 11 2012

Zynkin News- Zynkin Ltd launching new products soon


Newsflash…update on Zynkin

New products and services are being created for the new website . Launching soon!!!!

Cube advertising is looking fantastic as is the new employment,” find me a job” bundle.

Natural ranking online business search engine .

Multi marketing agreement packages

Referral packages.

Our aim to give businesses and marketers an opportunity to centralise all business needs in one location.

A huge alternative to what exists at present.

For fun and making new contacts our people search is tailored to ones needs and creates a connection in a controlled environment.

A compliment to Google, Facebook, Twitter ,Linkedin and many other fantastic businesses.

Take the best business directory you can find , add a lot more and you have Zynkin.

Free for customers to use and free listings in our directory section ….until you see the full package (which you should take at less than 50 cents per day)

Coupons,deals, offers, sales, competitions…win amazing offers or find them through your connections!!

Property, homes, houses, business premises and land land land….connect with the right people to help you!!!!

Our aim ….jobs, jobs,jobs,…..growth, growth, growth……opportunity for everyone to grow , prosper and compete in a fair environment that encourages competition on a level playing field

Lets help put an end to this economic tsunami..help the unemployed…create jobs….help entrepreneurs, small businesses and people in general

 

Other news headlines:

US unveils higher tariffs on China solar cell imports

Workers inspecting solar panels at a factory in ChinaExports of solar panels and solar cells have been a contentious issues between the US and China

The US is to impose sharply higher tariffs on solar cells imported from China, which it says will offset the subsidies China pays its manufacturers.

BAE Systems cautious about US defence spending outlook

BAE Systems factoryBAE Systems said trading generally was in line with expectations, despite US worries.

BAE Systems has warned that it faces uncertainty in its core US defence market, a day after the collapse of merger talks with European rival EADS.

 

Global financial risks have increased, says IMF

Damaged bank in GreeceThe IMF said the eurozone crisis was the main cause of instability in the global financial system.

Risks to global financial stability have increased in the past six months despite efforts by policymakers to make the financial system safer, according to the International Monetary Fund.

IMF chief Christine Lagarde urges eurozone and US action to end ‘terrifying and unacceptable’ jobless rates

Christine Lagarde has called for decisive action from world leaders to end uncertainties in the global economy that are prolonging “terrifying and unacceptable” levels of unemployment.

 

IMF fears ‘credit shock’ in Spain if Rajoy blocks rescue

The International Monetary Fund has issued a veiled warning that Spanish bond spreads could surge to a record 7.5pc and push the country into a deeper crisis if premier Mariano Rajoy continues to drag his feet on a bail-out request.

 

Italian church to be stripped of tax exemption from 2013

The Italian Catholic Church will be stripped of an historic tax exemption from 2013 after the government upheld a divisive decree under close scrutiny from EU watchdogs.

 

YouTube chief: mobile will soon eclipse TV

YouTube’s programming chief has claimed that mobile phones will soon be the “first screen”, ranking above the television as the place users go to watch content.

 

http://www.guardian.co.uk/business/uk-edition

http://www.telegraph.co.uk/finance/