While we try to give you as much practical and theoretical knowledge as we can on your plumbing training course, there are some things that plumbing courses can't teach. You could have all the skills you need for a successful business, but something as little as missing a few phonecalls can cost you.
In fact, research from new business-orientated phone service everreach has estimated that plumbers are potentially losing around £500's worth of business a week due to missed phone calls. The survey, entitled "Running Your Small Business Better", looked at all the issues missed calls could cause - from loss of revenue to more personal elements such as what extent out of hours work calls might impact on time with the family.
Looking at cost, the survey found that more often than not tradespeople didn't have a dedicated landline business number. With the trade being one that gets you out and about a lot, 87% of respondents use a mobile as their main business number. The survery itself wasn't specifically aimed at plumbers, however they were top when it comes to receiving the hightest number of calls for new work. It also revealed that with plumbers losing around £500 worth of business every week, the yearly total of lost income is a shocking £26,000.
Moving onto how calls affect working time, over a quarter of tradesmen surveyed said they can't switch their phones off at home as they frequently have to take work calls. 60% said either their partner/children have accidentally answered their work calls in the past, while 21% admitted to accidentally deleting a voicemail themselves before listening to it or taking the number down. A final element looked into was the risks some trademen will take when answering calls, with four out of five admitting that they would be tempted to answer the phone while in an "unsafe situation". Examples of this included while working up a ladder or lifting heavy objects.
"Missed calls mean missed revenue opportunities," said Nick Mullen, chief executive officer of everreach. "The figures equate to hundreds of thousands of pounds in potentially lost revenue just in relation to the plumbers covered by our survey." So once you've finished your plumbing training and are about to start your new life as a self-employed plumber, remember to keep those words in mind. While no tradesperson should be expected to be readily available for phonecalls are every waking hour, working out the best compromise to ensure the minimal amount of business lost is essential to making the most of your new career.
Via HVP Mag
The Government are now offering a total of £19 million of funding towards coming up with new methods of energy efficiency and reducing the country's carbon footprint. And if you're an entrepreneur with some new and innovative ideas in mind, they're offering a share of that money to you!
This funding is the second phase of the Energy Entrepreneurs Fund, which since autumn 2012 has allocated £16 million toward the introduction of new products in the renewables sector. Previous examples have included energy/heat storage, tidal turbine testing, a thermally-insulating window and the "Eco power shower".
Energy secretary Edward Davey has said: "We’re on the side of innovative businesses and individuals with drive, passion, ideas and entrepreneurial spirit. This funding will get ideas off the ground and into the market, create new green jobs, and help the UK get ahead in the innovation global race.
"An ambitious and driven small business sector can steer the economic recovery in the right direction. So I want to see Britain’s brightest and best SMEs sending in their applications."
The scheme will be seeking the best ideas from both the public and private sectors, aiming to assist small and medium business enterprises. Subject to the demand and quality of applications, the DECC expects to open Calls for projects every four to six months from June 2013 until the full funding has been allocated. During the application process, applicants will be expected to demonstrate a robust evidence based case for funding, that will include but not be limited to:
- the potential impact of the innovation on 2020 and/or 2050 low carbon targets or security of supply
- the technical viability of their innovation and coherent development plan that will commercially progress the innovation; value for money
- the size and nature of the business opportunity.
The deadline for the first call for applications is the 12th July. Interested applicants will need to register their contact details HERE
before the 5th July.