No Government help yet for small businesses as rent quarter day looms

Originally written by Timothy Adler on Small Business The Government is still ruling out extending the three-month moratorium on landlords winding up small businesses because of non-payment of rent due to Covid. And it is also holding fire on offering any kind of grant to make up the difference between what cash-starved small business tenants can afford, and what’s stipulated in lease agreements. No Government help yet for small businesses as rent quarter day looms

No Government help yet for small businesses as rent quarter day looms

Originally written by Timothy Adler on Small Business

The Government is still ruling out extending the three-month moratorium on landlords winding up small businesses because of non-payment of rent due to Covid.

And it is also holding fire on offering any kind of grant to make up the difference between what cash-starved small business tenants can afford, and what’s stipulated in lease agreements.

>See also:

Today, the British Independent Retailers Association (Bira) again refused to sign the draft code of conduct drawn up by Government, saying it wouldn’t make any difference to landlord behaviour.

Bira and other associations including UKHospitality are holding out for Government to extend the three-month moratorium on landlords repossessing units and issuing winding up orders.

Space furlough

They are also pushing for Government to cover gaps in rents, in what they call a “space furlough” scheme. The space furlough would have landlords agree rent reductions, tenants contribute, and the Government provide a grant to fill the gap.

However, draft guidance seen by the Telegraph, makes no mention of either solution to the coming battle between landlords and small business tenants as quarter day looms.

>See also:

Instead, warring tenants and landlords will be encouraged to use a third-party mediator to resolve disputes if neither side can agree.

  • Tenants should contribute as much as they can towards their rent. The draft code warns that inability to pay should not be linked to lockdown restrictions
  • Landlords should provide support to tenants that need it, including cutting rents, deferring payments and offering rent-free periods

Draft guidance is expected to be published shortly, given that the next quarter day for commercial rent payments falls on Wednesday, June 24.

Andrew Goodacre, chief executive of Bira, said: “Our fear is that landlords will have legal actioned ready to go in July and will pull the rug from under the retailer’s feet just when they are trying to re-establish their business.”

However, if landlords do issue winding up orders against small businesses for non-payment, it is difficult to see how that would advantage them, leaving them with an empty shop unit at a time when demand for commercial leases has cratered.

Further reading

 

No Government help yet for small businesses as rent quarter day looms

Source : UK Small Businesses More   

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3 Marketing Tactics To Promote Your Startup

Marketing should be a key component of any business plan. Effective marketing campaigns will help you build brand awareness, increase sales, and boost your bottom line. The post 3 Marketing Tactics To Promote Your Startup appeared first on Young Upstarts.

3 Marketing Tactics To Promote Your Startup

It is a sad fact that many startups fail within their first year or two. This can be due to various reasons including poor cash flow management, lack of product interest, and low conversion rates. Starting a company requires significant investment, so you must take steps to drive growth and achieve your long-term business goals.

Marketing should be a key component of any business plan. Effective marketing campaigns will help you build brand awareness, increase sales, and boost your bottom line. Every business owner should, therefore, develop a strong marketing plan that clearly outlines the strategies they will use to advertise their products and services to their target audience.

With this in mind, here are three marketing tactics to promote your startup.

1. Start a company blog.

Blogging can be a powerful marketing strategy that will help you promote your startup and build brand exposure. Posting regular blog posts and articles can also have a significant impact on your search engine optimization (SEO) and boost your rankings on search engine result pages. This will help drive traffic to your website and should increase sales and profits over time. According to compose.ly: “Companies that post 16+ blogs a month get around 3.5 times more traffic to their site than companies that don’t blog.”

Fortunately, setting up and launching a company blog is quick and affordable using a blogging platform such as WordPress. You then have the option to write and post your own content, or you can outsource this task to a professional content writer. If you have the budget available, then hiring an expert content writer can be extremely beneficial to your business, as they will help your company maintain a consistent publishing schedule and will ensure that your posts are high-quality and SEO-friendly.

2. Invest in paid advertisements.

Investing in paid advertisements may seem expensive, but they can be a reliable way to gain brand exposure and increase conversions and sales. Some of the key benefits of paid advertisements include targeted marketing that is tailored to your specific audience, the ability to advertise across various platforms, and greater control over your digital marketing campaigns.

Another great advantage of paid advertisements is that they can be extremely cost-effective. For instance, many marketing agencies offer a flexible pricing model where you only pay once a user has clicked on your advertisement.

Overall, investing in services from specialist PPC marketing agencies such as Made by Factory will help you to promote your startup and achieve your key business goals and objectives.

3. Post on social media platforms.

Statistics show that approximately 2.93 billion people use social media worldwide. Businesses must take advantage of social media marketing and incorporate it into their strategy to promote their startup and drive sales. Social media platforms such as Facebook and Twitter provide companies with a simple and affordable way to connect with their audience and advertise their products and services online.

When used correctly, social media can help businesses build their brand reputation, increase sales conversions, and improve overall revenue potential.

The post 3 Marketing Tactics To Promote Your Startup appeared first on Young Upstarts.

Source : Young Upstarts More   

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