May, 2008
227
Confidence takes another big blow CONFIDENCE is worsening among Yorkshire employers, a survey has revealed. Figures from Bank of Scotland Business Banking showed that bosses in this region were the least optimistic in the country when quizzed on five key economic measures. Three-quarters of small business owners in Yorkshire now expect general economic conditions to worsen over the next 12 months – nearly double the number taking a pessimistic outlook in April last year. Two-thirds though it will become harder to run their business over the coming year while six out of 10 small business owners in Yorkshire now expect flat ■ APPRENTICE TRAINED: Tim Campbell, who was the first winner of BBC TV’s The Apprentice, is ready to help budding entrepreneurs from Kirklees schools in a competition run by cable company Virgin Media
Online tycoon!
TALENTED youngsters from Kirklees schools can put their business skills to the test in a national competition to find the next crop of high-flying entrepreneurs. Cable television, telephone and internet company Virgin Media has teamed up with The Bright Ideas Trust to launch Virgin Media Sparks, a competition for business-minded youngsters in Huddersfield. Teenagers aged 13 to 18 will be asked to pitch their ideas for an internet-based business – with the winner getting £1,000 towards setting up their venture, plus a laptop and the services of a business mentor. The winner will also get to meet Tim Campbell, founder of The Bright Ideas Trust and winner of the first series of BBC TV’s The Apprentice. The competition follows a survey of 700 Kirklees teenagers by Virgin Media which showed that 22% are running online businesses from their bedrooms. More
than one in 10 of them are earning over £23 – six times the minimum wage. Students in Huddersfield who think they can make the grade can enter the competition online at www.virginmedia.com/sparks. The deadline is Friday 2 May 2008. Tim Campbell said: “I’m delighted to be partnering Virgin Media Sparks to celebrate the ingenuity and creativity of today’s teens. “As the first winner of The Apprentice and founder of The Bright Ideas Trust, it’s great to see young people showing an interest in business and using their time wisely to develop their skills and ideas.” James Kydd, managing director of brand and marketing at Virgin Media, said: “The internet has become an important tool for business and a great way for our youth to explore money-making ideas.”
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or negative growth during that time. That compares to fewer than four out of 10 last time. Less than a quarter of firms believe that now is a good time to be running a small business in Britain, against more than half who think it's a bad time. As a result, only one in eight employers plan to increase staff numbers over the next 12 months against 30% before. Ivan Matviak, head of Bank of Scotland Business Banking, said: "The ongoing turbulence in the financial markets is clearly taking its toll on the confidence of Yorkshire's entrepreneurs. “Small business owners are preparing themselves for further trouble ahead.”
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