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Starting a business is an exciting venture, but behind the job satisfaction of doing something you love is a list of sacrifices to be made – including selling or remortgaging your home.
According to a report published by Viking – leading supplier of office supplies to small and medium sized businesses – nearly one in five small business owners admit that they have had to sell or remortgage their home in order to gain enough capital to start-up or run a business.
The research, conducted with 2,000 business owners employing ten or fewer employees, showed that many had to downsize or remortgage their property, with some stating that they had to sell completely and move back in with their parents. 32 per cent also said that they had personal debt, such as loans or credit cards, tied in with the business.
Furthermore, 43 per cent of business owners considered that running their own business had a negative impact on family life and with half of respondents having a partner or spouse involved in the business in some form, the potential negative impact selling a house can have on the wider family was stressed.
“The implications of having to sell or remortgage a property are substantial, not just concerning business, but with family too,” John O’Keeffe, Commercial Director at Viking, said. “The issue here is with regards to funding – it is inspiring to see that so many entrepreneurs are deciding to start their own business, but it is apparent that there is a lack of money available to support these businesses”
Further feedback showed that a third believed that lack of funding was the major reason behind small business closures.
John added: “The majority of the statistics in the report aren’t overly inspiring but there are encouraging signs for the future, especially with the recent growth in GDP and the fact that even when people (43%) are made redundant they are still driven enough to then want to move on and start their own business.
“It is important to encourage those wishing to start a business and demonstrate that it is possible and increasingly so, as the economy starts to show slight growth and hopefully as a result funding will become more accessible.”
The report was not all bad – 62 per cent of respondents had seen a noticeable increase in business start-ups in the last five years. One in four business owners were optimistic for their outlook and anticipated future growth with a further 53 per cent reporting that they anticipated maintaining a current state of play in the immediate future of their business.
Viking has launched its exciting new range of fashion stationery aimed at reinventing traditional office equipment. The line reflects part of a growing trend of people seeking stationery that complements their tastes and styles.
Fashion stationery is being used in all aspects of our lives, whether it is brightening up desks in the office, or bringing some colour to common tasks at home. A recent survey carried out by Viking’s supplier Leitz revealed that having colour on your desk makes you over 30% more productive.
Stylish office equipment is the newest way in which office workers and students are seeking to assert their individuality when it comes to choosing what products they use. With an increasing range of options in office equipment, stationery is fast becoming a must-have accessory at home or in the workplace.
Sean Bailey, Head of Marketing at Viking said:
“Stationery is becoming an increasingly important extension of people’s wishes to have personalised products at every level. Specialised wedding stationery has been on many brides-to-be’s essentials lists for a number of years. Now, people are looking for the same level of individuality for their everyday admin needs.
“The rising popularity of fashion stationery is a natural progression of our desire to make a statement about who we are by the product choices we make. In the same way that we choose clothes and furniture based on our lifestyles, people are making similar conscious decisions when buying their notepads and pens.”
Visit Viking’s Fashion Stationery shop at www.viking.com for more information on products and prices.
• 76% of school leavers find starting a business more appealing in light of lack of jobs
• Over 60% had not been given start-up careers advice
• Men are more likely to set up a business than women, but less likely to do it alone
Unemployment caused by a lack of jobs is making starting up a business a more appealing career choice for young people, according to a new study.
The report by Viking, leading provider of office supplies to SMEs, which questioned 1,000 students recently out of education, highlighted that ongoing unemployment has made starting up a business a more viable option. Of those respondents who were unemployed, 76 per cent agreed.
Recent data released by the Office of National Statistics (ONS) in the last quarter from April to June showed that there are 2.65 million unemployed people in the UK. In the North East, where the highest figure of unemployment is found (10.4%), 78 per cent thought starting a business was an attractive prospect, despite 67 per cent revealing that starting a business had not been put forward as an option throughout their studies.
Of those people questioned who had already started their own business, two thirds said it had been explained as a possible career option, indicating that careers advice plays an important role in nurturing UK entrepreneurs.
“There is clear evidence to suggest that students need greater support in explaining the options available to them before leaving school or university,” John O’Keeffe, Commercial Director at Viking, said. “With unemployment figures still averaging over 5 to 10 per cent in each region, it is important students are given as much advice as possible to maximise their future potential in the workplace.”
Freedom of working hours was listed as the most popular reason for wishing to start up a business in most parts of the UK, whilst Northern Ireland was the only region to list income as having the greatest appeal (70%).
Funding and finance was cited as being the most daunting aspect of starting a business, particularly in the South West (90%) where over 40 per cent said they would look to gain capital from selling personal belongings and fundraising.
Other feedback from the survey showed that men are more likely to set up a business than women but are less likely to go it alone, preferring to partner with friends or family (75% of men, compared to 63% of women). Men were also more likely to depend on family for financial support (48%).
Friends and family were said to be the preferred source for business start-up advice for over 60 per cent of respondents, favoured over government agencies, entrepreneurial advice websites and membership organisations.
John added: “There is obviously a growing appetite for starting up a business and as a company that has been supporting small businesses for 22 years, it is encouraging to see such optimism but from the research, it suggests there is a lack of awareness of where to seek advice and funding, with many choosing family and friends above anything else.
“Many of today’s aspiring and entrepreneurial businesses were established by young people and it should be encouraged by schools and universities, especially in a time when jobs are lacking and unemployment remains high.”
A handful of schools are in the running to win a £10,000 eco-garden as part of the Viking for Schools ‘Little Litterbug’ competition.
After reviewing 6,500 entries, five schools across the UK have been selected for the shortlist by the online schools supplier.
• St Anthony’s Primary School, Derry
• Didsbury C of E Primary, Manchester
• Mount Carmel Catholic 1st School, Redditch
• St Mary’s Primary School, Warwickshire
• St John Fisher RC Primary School, Birmingham
Judges were wowed by pupils’ budding artistic talents, knowledge of the environment and the importance of recycling: demonstrating how their Litterbug could re-use and recycle their classroom rubbish.
The Little Litterbug competition was open to pupils 11 years of age and under and encouraged children across the country to think about the environmental impact their classroom rubbish has on the eco-system. This gave pupils the chance to showcase their talents by drawing, colouring or painting a Little Litterbug – a creature or machine that can recycle their classroom waste, the pupil that designed the most creative Little Litterbug will win the eco-garden for their school.
The final winner of the competition will be announced in September and will be chosen by a representative from the Support Your School recycling scheme, who have partnered the competition from the outset.
Jackie Buckwell, Corporate Environmental Manager at Office Depot, said: “We have been overwhelmed with the number of entries we have received for the competition. The level of imagination and creativity from all ages has been so impressive that Support Your School Scheme will have an extremely difficult job to do when picking the overall winner.”
June 2012 – Viking for Schools, the schools supplies channel of Office Depot, a leading global provider of office products and services, is reminding teachers and pupils from the UK that it’s not too late to enter the ‘Little Litterbug’ competition. Record numbers of pupils have submitted their Little Litterbug drawings in the hope of winning their school an eco-garden worth £10,000. The deadline for entries is Friday 20th July.
The Little Litterbug competition is open to children 11 years of age and under in the UK, and is running in partnership with the Support Your School recycling scheme. The budding artists can participate by drawing, colouring or painting a Little Litterbug: a creature or a machine that can recycle their classroom’s waste and turn it back into something useful for their school.
The competition encourages pupils to think about the environment and the impact their class room rubbish has on the eco-system. An initial shortlist will be announced in summer 2012 and the winning entrant will be chosen by a representative from the Support Your School scheme.
Jackie Buckwell, Environment Manager at Office Depot, said: “There has been an amazing response to the competition so far and we are very impressed by the level of creativity and imagination children have applied to their Little Litterbug designs and recycling.”
April 2012 – Viking for Schools, the schools supplies channel of Office Depot, a leading global provider of office products and services, is asking pupils from the UK to design a Little Litterbug to win their school an eco-garden up to the value of £10,000.
The children, 11 years of age and under, are going head-to-head with pupils from across the UK, in the “Little Litterbug” competition, run by Viking for Schools in partnership with the Support Your School recycling scheme. The budding artists will take part by drawing, colouring or painting a Little Litterbug: a creature or a machine that can recycle their classroom’s waste and turn it back into something useful for their school.
The competition, which is now open for entries, encourages pupils to think about the environment and the impact their rubbish has on the eco-system. The deadline for entries is Friday 20th July and from an initial shortlist the winning entrant will be chosen by a representative of the Support Your School scheme. The winning school will receive a £10,000 eco-garden, designed specifically for their school.
Jackie Buckwell, Environment Manager at Office Depot, said: “The competition is a great way of engaging children when it comes to teaching them about the environment. By asking pupils to design their own Little litterbug, teachers have the opportunity to encourage creativity and also re-enforce the importance of recycling.”
Mike Berry, Manager of the Support Your School recycling scheme, added: “It is crucial that children learn the importance of recycling from a young age, as it undoubtedly shapes future behavior; whether a young person will grow up recycling and being mindful of the ecological environment they live in. The fact that the winning school will have a beautiful eco-garden as a result of this competition is a very exciting and rewarding prospect and I would urge every teacher to get their school involved. Support Your School is very proud to be working in partnership with Viking for Schools in this competition and I’m personally really looking forward to seeing some innovative and fun designs from youngsters across the UK”.
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If you want to produce your own photos, why not add an Original HP 940XL magenta printer ink cartridge C4908AE to your Viking order today?
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When you need fast, reliable printing all day, every day, add a Brother TN3130 black laser toner cartridge to your Viking order.
These laser toner cartridges are the perfect fit for any Brother printer as they have been designed to work in tandem, ensuring optimum quality for each page and minimising breakdowns.
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