Wednesday, July 13, 2011

Are your customers killing your business

3 Signs You’re Trying Too Hard to Please the Customer

Somewhere between the tragic Casey Anthony verdict and the final Space Shuttle launch, you may have heard about the slow train wreck that is Rupert Murdoch’s now-defunct News of the World.
If not, then here’s all you need to know: People working for the British tabloid are alleged to have hacked the voice mail accounts of numerous public figures, including members of the royal family and a murder victim. By shutting down the newspaper, it’s thought that its owners will be able to derail an official investigation.
I mention Murdoch’s problem for two reasons: First, I worked for Dow Jones & Co., which News Corp. now owns, after graduating from journalism school. And second, because I think I have a unique understanding of what happened, if the allegations against the newspaper prove to be true. I wrote my thesis on journalism errors, and I’ve made a few big mistakes myself, so I know what the now unemployed reporters at the News must be going through. I feel for them.
The News of the World’s sin isn’t “losing its way” as it claimed in its farewell edition last week. It was a much more common one in the corporate world: It was trying too hard.
Simply put, the reporters wanted so badly to give their readers what they thought they wanted, that they allegedly went too far to deliver it. In a hyper-competitive environment, that’s an easy thing to do–in every industry.
Three Signs A Business Has Gone Overboard
In an effort to provide the best possible service, companies often go too far to please. Here’s how:
1. They talk too much. Answering the phone, “Good morning, how may I bring a smile to your face today?” or signing off with, “Have a magical day!” aren’t just annoying to some customers. They often smack of insincerity. One well-known luxury hotel chain used to require its employees to use words like, “certainly” instead of “yes” and “my pleasure” instead of “OK” when interacting with guests. That drove some of its customers nuts, who often thought they were trapped in some kind of 19th-century costume drama.
2. They hover. This frequently happens on the sales floor with inexperienced salespeople. Instead of letting a customer browse, associates attach themselves to the “prospect” and follow that person around the floor. More experienced salespeople will give the customer a little room. But customers still know they’re being followed, and it can make them uncomfortable. The only thing worse than that are employees who openly fight over who gets credit for the sale. That’s not service; it’s stalking.
3. They wanna be your friend. A little hyperbole, particularly used in advertising, is perfectly acceptable for most shoppers. But with the growth of social media, companies are trying to present themselves as more than just customer-friendly and transparent. They also want to be your buddy. Check the Facebook or Twitter accounts of your favorite businesses, and you’d think you’ve found your long-lost friend. Nothing can be further from the truth.
Sure, all these things can irritate consumers. But they’re not as much of a turn-off as a company that isn’t trying at all.

No one knows how the hacking scandal will end. But I’d hate to see news organizations owned by News Corp. try less hard, if doing so means the product is boring and predictable.
Then again, I’m something of a contrarian, if not a heretic. I don’t think journalism is a religion. In the 21st century, it’s become just another form of entertainment for most consumers — including me.

By Christopher Elliott Who is a consumer advocate, syndicated columnist and curator of the On Your Side wiki. He’s the author of the upcoming book Scammed: How to Save Your Money and Find Better Service in a World of Schemes, Swindles, and Shady Deals, which critics have called it “eye-opening” and “inspiring.” You can follow Elliott on Twitter, Facebook or his personal blog, Elliott.org or email him directly.

Thursday, April 21, 2011

R&D tax credits explained ( Maybe)

R&D tax credits can help bring a company so extra income, you have to be smart on documentation of projects and improvements but it very interesting to see where you can recoup soem of your costs, but my advice is seek council from a recognized advisor some one who knows your industry and has a track record, ask around , or talk to your auditors. I found this article which will explain the basics. Enjoy



R&D tax credits explained


The government tax break that gives you money back for investing in innovation,
The chancellor announced sweeping changes to the research and development (R&D) tax credits system in his 2011 budget, offering greater encouragement for entrepreneurs to invest in original research and product design. But what exactly do the changes entail, and what do they mean for small businesses?

Essentially, the changes announced the budget have significantly increased the tax breaks available to companies which invest in research and development.

Under the new rules, a company which runs a dedicated R&D scheme can claim up to 200% relief on corporation tax for any money they spend on the project; essentially, this means the company will pay no tax on the cost of its programme, and receive an additional 100% corporation tax discount. The amount of relief will rise to 225% in 2012.

Furthermore, for those companies which make a loss on their R&D programme, the government is now offering payable credit for up to 24% of the project's total cost - a major boost for the tech start-ups which are being strongly encouraged by the current administration.

Definition

But before everyone starts rushing out an investing in a ground-breaking research project, it's important to know what an R&D project actually is. There's no point splurging thousands of pounds on R&D if it doesn't meet the government's criteria for relief.

At its most simple, R&D refers to research which directly contributes to the creation of new and innovative products, processes and services, or simply the enhancement of knowledge and understanding. The project must have wider relevance, and benefit, beyond the profit margins of the company carrying out the work. If you're thinking of carrying out an R&D project purely for your own ends, you won't get tax credits for it.

On the other hand, if you want R&D tax credits, you must prove the research is linked to what your company does. If you make industrial cleaning products for a living, and then suddenly decide to build a new type of spaceship, the government won't look favourably on your R&D application.

Finally, it's important to know what sort of industries and sectors qualify for R&D relief. The credits are primarily designed for companies in the science and technology sectors, such as manufacturing, engineering and hi-tech; if your company operates in the humanities or social sciences sectors, you probably won't get much joy in applying for relief.

It's also worth noting that your research must be original - i.e. it should not duplicate research which has already been done - and your findings must be borne of a systematic process - if you've just got lucky with a random piece of investigation, or happened upon an amazing discovery while going about your usual business, you'll be wasting your time if you go in search of credits.

How can you apply to get an R&D tax break?

If you feel that the work you are undertaking, or plan to undertake, qualifies for R&D tax credits, it’s imperative that you apply for consideration. As the old saying goes, there is no harm in asking. If you fail to apply for R&D tax breaks, you could miss out on valuable savings, putting your entire project at risk and damaging the viability of your business.

All claims relating to R&D tax credits must be included in your company tax return, or amended return. As a small business, you should put a tick in box 99 of the form to pinpoint the size of your company, then insert a figure for the enhanced expenditure in box 101 – this is the amount you spent on the R&D project, multiplied by 2.

The normal time limit for making your claim is two years after the end of the relevant Corporation Tax accounting period. This figure should also be included in your calculations of the profit (Box 3) or the loss (Box 122).

And the boxes don’t stop there – you’ve also got to put the amount payable in boxes 87, 89 and 143 – and put an X in the ‘repayment due for this return period’ box, found on page 1.

Ref www.startups.co.uk