Business

​​​​​​​Hidden Costs Every Small Business Owner Should Know

Running a small business is often portrayed as a straightforward venture: offer a product or service, make sales, and watch profits grow. However, the reality is far more complex. Small business owners frequently encounter hidden costs that can erode profits if not carefully managed. From licensing fees to employee expenses and unexpected operational costs, these financial pitfalls can catch even the most prepared entrepreneurs off guard. Understanding these hidden expenses is crucial for sustaining a healthy business and avoiding unpleasant surprises.

1. Licensing, Permits, and...

Liv Butler

Liv Butler

Posted:

Builders merchant only Devon firm to make it on Hot 100 list

Authored by News Desk
Posted: Wed, 12/14/2016 - 6:16pm

RGB Building Supplies has been named on Real Business magazine’s Hot 100 list which reveals the fastest growing private businesses in the UK.

Based on turnover and profit growth over a four-year period, to make the list a company had to achieve sales of more than £10m and post an EBITDA (earnings before interest, tax, depreciation and amortisation) of more than £1m. With a turnover of £54.3m and EBITDA of £2.1m, RGB is the only Devon based company to make it on the Hot 100 list.

The builders merchant completed a family and management buyout deal at the end of 2015 to secure...

SW swings further into positive territory

Authored by News Desk
Posted: Tue, 12/13/2016 - 8:06am

The first quarter of 2017 has seen a boost of confidence in the South West with hiring intentions of +8% according to ManpowerGroup, the world’s workforce experts. The ManpowerGroup Employment Outlook Survey is based on responses from 2,104 UK employers. It asks whether employers intend to hire additional workers or reduce the size of their workforce in the coming quarter. It is the most comprehensive, forward-looking employment survey of its kind and is used as a key economic statistic by both the Bank of England and the UK government. Krissie Davies, Operations Director at Manpower said...

How to Make Pop Ups Like a Reputable E-Commerce Site

Authored by News Desk
Posted: Tue, 12/13/2016 - 5:14am

How to Make Pop Ups Like a Reputable E-Commerce Site There are many ways to increase the sales on your e-commerce website. But, there is one method that consistently outperforms all others. That method is email marketing.

However, there is a lot to consider when it comes to email marketing for e-commerce websites. There are plenty of ways things could go wrong which may leave you abandoning email marketing for good.

But, abandoning email marketing for good is the worst possible thing you could do. Instead, take a little time away from your busy schedule and learn how to use...

Buy a used car from the comfort of your home

Authored by News Desk
Posted: Fri, 12/09/2016 - 2:43pm

Forget trudging from one hectic dealership to another – you can now buy a car from the comfort of your own home.

Online used car dealership, Carspring has officially launched in Exeter, enabling users to get a used vehicle delivered from their very own, dedicated page.

The new site offers flexible finance, a 14-day money-back guarantee and doorstep delivery within the Exeter area.

The company’s launch in the city reflects Carspring’s exponential development from a disruptive startup to a growth stage company in just a year.

What’s more, the site’s owners...

Region’s tech firms come together at Tech South West Connect

Authored by News Desk
Posted: Wed, 12/07/2016 - 12:21pm

Companies from across the South West will shape plans for the region’s fastest-growing sector, technology, at Exeter Science Park in January. Tech South West Connect will explore and agree plans on Tech South West’s main priorities for 2017, including showcasing the region’s technology sector, attracting and retaining talent, working with schools and the commercialisation of university research. The event, on Wednesday January 25, follows a series of consultation workshops in Bristol, Exeter and Plymouth in Devon and Pool in Cornwall, where the views and ideas of hundreds of people from...

Royal Clarence fire leaves 'after feeling' as Martin's Lane reopens

An 'after feeling' is felt around Martin’s Lane, following the reopening of the passageway after the Royal Clarence fire in October.

“There’s still a funny feeling around here after what’s happened,” said Candice Regan, the Manager of Polkadot Gallery.

Martin’s Lane reopened in the last weekend of November, a month after the Royal Clarence Fire.

The store has received best wishes from the public after the fire. “When we returned we had a couple of lovely phone messages left from our regular customers,” Candice said.

Due to demolition work and safety...

Ready, steady, Mo… Lawyers get hairy for Movember!

Nineteen members of staff from one of Devon and Cornwall’s leading law firms have been looking a little hairier this month, as they take part in Movember. As well as growing some spectacular moustaches, the team from Stephens Scown LLP has raised over £800. The Movember Foundation is the leading global organisation committed to changing the face of men’s health. Movember is an annual event with a simple idea: to grow a moustache in November and raise money and awareness of men’s health, specifically prostate and testicular cancer. The money raised by Stephens Scown will be split between...

DASLS welcomes newly qualified solicitors

Authored by Sue Cade
Posted: Mon, 12/05/2016 - 1:04pm

Devon & Somerset Law Society (DASLS) hosted an Admissions Ceremony to welcome this year’s newly qualified solicitors.

The ceremony, the fifth of its kind, was held in the historic Guildhall in Exeter.

19 newly qualified solicitors from Devon and Somerset received Certificates of Congratulations from His Honour, Judge Geoffrey Mercer QC, who also gave a short talk recounting his early years in the legal profession.

DASLS President, Mark Roome said: “We were delighted to welcome so many new solicitors to the profession this year.

“The evening is intended...

SW economic growth slows until 2019

Authored by News Desk
Posted: Mon, 12/05/2016 - 7:19am

None of the UK’s regions or cities will be immune to slower economic growth over the next three years, with the South West expected to slow down to 1.3% in the period 2017-2019, according to EY’s UK Region and City economic forecast.

However, Bristol’s growth is set to outperform the region as the city’s GVA grows from 0.3% in 2016 to 1.6% annually over the next three years – just ahead of the UK average growth until 2019 of 1.5%. Employment across the South West has grown 0.9% in 2016, with the fastest employment growth coming from public administration (0.6%), transport &...

Top importer KandyToys Limited acquired by management team

A Devon company, which has become one of the UK’s top importers of toys, gifts, beach goods and confectionery has been acquired by its management team for an undisclosed sum.

KandyToys Limited, based on the outskirts of Exeter, was established by David Kirkby and Andrew West in 1978. From humble beginnings it now has an annual turnover of more than £17 million, operating out of over 250,000 square feet of warehouse space in Clyst St Mary.

The business has been highly successful in introducing new products to meet changing market demands while, at the same time, keeping key...

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