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Your EnterQuest Bulletin - 7 September 2004

Thought for the week: "Ideas are like rabbits. You get a couple, learn how to look after them, and pretty soon you have a dozen." John Steinbeck

In this week's issue:

  • responding to your prospects on time
  • business rates valuation explained
  • using the web as a dictionary
  • understanding social enterprise

Marketing tip

Responding to your prospects on time

So, you've spent a lot of time and money writing, testing, rewriting and finally sending out a great mailshot promoting your new product. You're sure it's going to work well, because the test you diligently carried out proved very effective. All you have to do now is wait for the responses to start flooding in. But there's one other thing you need to remember.

Be there to receive them.

Too many small businesses waste blood, sweat and tears - not to mention cash - planning and carrying out a promotional campaign, only to blow it all by making the prospects who respond to it wait too long for a response.

Of course, you can't man your phones and e-mail systems 24-7. But there are a few things you can do to make sure your potential new customers don't get tired of waiting for you.

  • Set up a recorded voicemail which you can use to make sure that even prospects who call out-of-hours have somewhere to leave their names and numbers. Then, first thing every morning, make it your top priority to get back to them. A prospect who rings you up at 11pm (and you'd be surprised how many will) won't necessarily expect you to answer the phone, but they WILL appreciate a call back the following day.
  • Make sure your website includes an e-mail address, or better still, an e-mail enquiry form, to enable interested visitors to contact you. More people are using the Internet to research products and services, and this method of research appeals to people with full-time jobs who don't have time to call you during business hours.
  • If you do happen to pick up an e-mail enquiry or phone message after hours, don't be afraid to reply to it immediately. Some small business owners worry that this will set an unhelpful precedent or look unprofessional, but the truth is that prospects simply want a fast response. They won't notice the time marked on your e-mail to them, but they will remember how quickly you replied.
  • Decide on an acceptable response time, include it in your promotional literature, and stick to it. If it's going to take you two days to follow up each lead because you're working alone, then make sure you tell prospects this so that they're not disappointed by the lack of an immediate response.
  • Don't let public holidays spoil all your efforts. If you know that you're going to be unable to respond to enquiries between Christmas and New Year, make sure you leave a voicemail or set up an automated e-mail response to keep your prospects informed and let them know when they can expect a reply. Don't leave them hanging, as they won't hang around for long.

The UK Small Business Marketing Bible contains more practical advice on responding to enquiries, as well as hundreds of tips and tactics for boosting your sales using proven marketing strategies that work no matter what product or service you sell.

Legal tip

Business rates: how the valuation process works

Setting up a home office is a favourite way for entrepreneurs to get their business ideas off the ground. It saves on rental charges, it allows you to balance home and work life, and it cuts out the daily commute which is a feature of many office workers' lives.

You can expect your local Valuation Office (VOA) to find it interesting too. Their job is to assess properties for the purpose of setting council tax and rateable value, and they will make a decision on whether your home is liable for business rates or council tax depending on how it's used.

The VOA considers "the extent and frequency of the business use of the room (or rooms)" you use for your business, and takes into consideration any alterations you've made to make your home suitable for running a business.

If they decide that part of your home is mostly or entirely used for business purposes, they may well split your rates between council tax and business rates.

There are no hard and fast rules, so the VOA offers some examples of decisions they make. An office with a lot of business equipment is likely to be considered business premises, but a room with a computer and a phone may well still be subject to council tax. Getting a second phone line installed (a common practice with business owners trying to separate work and home life) may prove decisive, and the use made of a room for normal domestic life will be an important factor.

With this in mind, the VOA website (http://www.voa.gov.uk/council_tax/working_from_home.htm) is worth checking out before making any major decisions about extensions and conversions to your home. And the Red Tape BUSTER has useful guides to tax, working from home, and hundreds of other scenarios and FAQs about the legal issues faced by small businesses.

IT tip

Using the web as a dictionary

Now that everybody seems to be doing business with firms and people abroad, it's a good idea to be fluent in three or four languages. Five, if possible.

But wait, let's get back to reality. If you're too busy running your business to spend the thousands of hours that would take, there are ways of finding out what that German catalogue means, how to send a confirmation note to your new Russian customer, and whether that strange Italian e-mail you received is a valuable order or a marriage proposal.

  • Alta Vista has been offering free online translations via Babelfish (http://babelfish.altavista.com) for several years now. Sure, it's taken some flak since it translated the Italian for World Cup as Global Teacup, but it continues to improve and add new languages, including Chinese and Russian.
  • If you're looking for the meaning of individual words, the European Union portal offers a huge database called Eurodicautom (http://europa.eu.int/eurodicautom/login.jsp), which covers most continental languages. It's particularly impressive for technical terms, but it's also great if you're just looking for the French for "for your information".
  • Trueterms offer a free multilingual dictionary, but strangely not on their website. It's available at Downloads.com (http://www.download.com/Travel-Dictionary-English-for-Windows/3000-2279-10118104.html), and contains a database of words in all the major European languages.
  • And finally, Travlang (http://dictionaries2.travlang.com/index.html) has everything the business traveller or tourist needs. It includes online dictionaries, but also sells a range of handheld translation machines from Seiko, Franklin and Ectaco.

New business idea

Each week we provide you with summaries of some popular or emerging business ideas in the UK.

Here is this week's idea:

Just one word

Do you know what the word 'rescind' means?

a. to solve a problem
b. to cancel or revoke
c. to replace a faulty product
d. to compensate

Answer at the end of Bulletin.

Did you know?

Beware of brandnappers

If you're thinking of travelling to an international trade fair to display your wares and meet new customers, be on the lookout for a new breed of scammers, pegged as 'brandnappers'. The Institute of Trade Mark Attorneys (ITMA) is advising small businesses to register trade marks on their products prior to attending trade shows, after a recent case saw a rejected distributor attempt to register the same trade mark as the business they had hoped to work with.

Get advice from the ITMA at:
http://www.itma.org.uk/news-events/press-releases/press-view.php?id=97&date=25%20Aug

You can get an explanation on what a trade mark actually is, and how it works, from the UK Patent Office at:
http://www.patent.gov.uk/media/pressrelease/2004/2408.htm

Google web alerts

Is there any end to the number of marvellous things that Google can do? The latest trick we've discovered is Google's web alerts. If you register with this free service, Google will e-mail you every time some new information relating to one of your searches becomes available on the Internet. This can be a great way of keeping up to date with news and developments in your business sector.

To find out more, and to register with the service, click on:
http://www.google.com/webalerts

Safer food, better business

The Food Standards Agency's website is a diamond among the rough collection of Government sites, in that it's easy to navigate, helpful, and packed with practical information for business owners. This offshoot of the main site is a brilliant resource for anyone planning to set up a food or catering related enterprise. It offers advice on food hygiene issues designed specifically for small businesses, with sections on cleaning, cooking, chilling and avoiding cross-contamination. Start up caterers can even download a free guidance booklet.

Browse this informative site at:
http://cleanup.food.gov.uk

Worth a visit

Improve your sales copy with the King of creativity

Being able to write good copy - or willing to employ someone who can - is crucially important for most businesses, whether it means writing sales copy for a direct mailshot or preparing a press release for your local paper. This free online tutorial was written for creative types by novelist Stephen King, but his ten practical tips on writing well apply to anyone needing to brush up their skills in this department.

Find out how to make your sales copy a bestseller at:
http://www.msu.edu/~jdowell/King_Everything.html

Scratching the community itch

Everybody's talking about social enterprises at the moment, and the Government has introduced some initiatives to encourage people who want to develop this type of community-focused business idea. This site provides an introduction to the concept of social enterprise, with news articles and links for anyone keen to take their idea further. Eligible projects might also qualify for help with online promotion, web design and finding resources.

Check out Backscratchers at:
http://www.backscratchers.org

Search engine optimisation explained

If you're trying to navigate through the mysteries of optimising your website to achieve the best search engine ranking, then this site might help clear a few things up. It'll tell you how keyword friendly your site is, how many other people link to it, and also includes tutorials, articles and quizzes to improve your knowledge of how search engine optimisation works. Best of all, every single tool is free.

What are you waiting for? Go to:
http://www.seo-guy.com/seo-tools

Worth a read

Based on a recent series of psychological experiments, this book explores how to spot, and then make the most of, business opportunities that crop up in everyday life. It explains the scientific evidence behind the experiments in layman's terms, and goes on to offer practical advice on how to exploit opportunities that you find. All in all, an entertaining and unusual read that will boost your creative thinking powers.

Worth a read

Did You Spot the Gorilla? How to Recognise the Hidden Opportunities in Your Life, by Richard Wiseman

Just one word answer

The answer is b)

To rescind means to cancel or revoke. It's often used in business contract terminology, but can also apply to a customer cancelling an order.

Under distance selling law, customers have seven days in which to rescind their order.


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Good luck

The EnterQuest Team

This information is meant as a starting point only. Whilst all reasonable efforts have been made, the publisher makes no warranties that the information is accurate and up-to-date and will not be responsible for any errors or omissions in the information nor any consequences of any errors or omissions. Professional advice should be sought where appropriate.

 


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