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News - 9 May 2014

Small Business Owners Believe World Cup will be Bad for Business

 The Close Brothers Business Barometer (CBBB) found that 47% of management were worried about the World Cup, with 24% of this number being concerned about the effect it will have on staff performance.

 
Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“CBBB is a quarterly poll that aims to measure feeling amongst small and medium-sized business management and owners on key issues. With the World Cup taking place in Brazil this year, matches will be broadcasted late at night in the UK. This, plus the relaxed licensing laws allowing bars to stay open late, has contributed to a sense of concern amongst business owners.”
 
However, the poll also showed that 46% of the individuals surveyed expect staff to request annual leave for this time and over half of the owners are willing to accommodate the workers who want to watch the matches.
 
Mike Randall, the CEO of Close Business Asset Finance, asserted that small businesses should follow steps to protect themselves, but also to take advantage of the opportunities that will arise.
 
“Small perks in the workplace can greatly increase employee morale and job satisfaction, so employers could consider introducing flexible working hours and other steps such as introducing a TV to the staff common area as a way to create a better working environment and potentially boost productivity and job satisfaction in the long term.”
 
For those who are looking for a more personal approach on a range of business related issues, contact us at ABDS.
 
ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900 E-mail: abds@netaccountants.net
 
Brilliant with numbers  
Great with people  
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals
 
Helping Your Business is Our Business

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