July 2004

 

 

 

 


Dear #name#,

Welcome to a belated July edition of Quick™ E-News.  

Last months issue generated an overwhelming response to the forthcoming Quick™ Business In Focus article, with the first inclusion being in the August edition later this month. Over the next couple of weeks I will be
contacting all of you who have called and emailed expressing and interest giving you more information. If you would like your business to feature in this newsletter that now goes to some 6,000 readers please drop me a line to
richard.osborne@quickformations.com.

New Quick™ E-new Format
Starting with our August edition you will see a completely new format to this newsletter, containing not only the Quick™ Business In Focus section, but also much more useful information and articles from various contributors.
If you would like to be a contributor to this newsletter please get in touch.

National Business Awards
The awards ceremony in July was a fantastic event attended by many leaders in business from many different backgrounds and market sectors. Our road ended at the Finalist stage as the crown was taken by BetFair, who are extremely worthy winners. I thank all of you who sent an bewildering number of messages offering your support for the awards!

Betfair identified an opportunity to create a new business model for online gambling. The model would offer better odds, create consumer value, and increase choice. The organisation is agnostic and acts as an exchange, where
one person would offer odds and another person would take those odds, Betfair takes a commission on the winning bet.

Being first to market gave an automatic competitive advantage, but this has been further advanced by creating a dynamic betting experience that includes being able to place bets during events right up to the final whistle or
equivalent. The event driven strain on the technology means that it has to be robust and secure. Memorandums of Understandings have been signed sporting governing bodies to ensure ethical and sensible gambling.Betfair can be visited at www.betfair.com. More information on the National Business Awards can be found at www.nationalbusinessawards.com.

As always wishing you all well in your business,

Richard Osborne
richard.osborne@quickformations.com


IMPORTANT NEWS - Form 42, the new Inland Revenue form

Form 42 is a new Inland Revenue form which came in under the Finance Act 2003 and MUST be completed shortly if your company was formed in the 2003 to 2004 financial year (to 5th April 2004 inclusive).
This year, the requirement is to file by 7th September 2004, although future years will be by 7th July.

Companies formed in the 2004 - 2005 financial year will have until 7th July 2005 to file the form. It is an employment related securities and options form and so, for your company formation, the form relates to shareholders.

The form is available for download at the Inland Revenue site at
http://www.inlandrevenue.gov.uk/shareschemes/42-2004-q8-31.pdf.

Information about the 2 month extension and for a list of frequent questions, visit the Inland Revenue site at
http://www.inlandrevenue.gov.uk/shareschemes/form42-extension.htm

The Inland Revenue advise that for normal awards, section 2a on page 7
followed by the declaration on page 16 is what is needed to be filled in, but any doubts over your personal situation, please contact your financial adviser or the Inland Revenue.



Probably not
By Matt Weston of Business Bricks

Bah! Nobody really believes that Carlsberg is "probably the best lager in the world".

Sure, I get that "probably" is tongue-in-cheek. It's meant as a sideswipe at the advertising industry. But my point is, unlike your small business, Carlsberg really doesn't have anything to say except "probably the best".

And it's spent tens of millions relentlessly repeating that same empty claim for over 30 years now.

For my money there's about as much difference between pints of "cooking" lager as there is between gallons of petrol. Put on a blindfold. See if you can taste the difference between Castlemaine and Carlsberg.

As for Gillette, "the best a man can get". Really? Do you believe that? Again, put on a blindfold. See if you can sense the difference between a Bic and a Gillette razor . . . on second thoughts don't . . .

If you want to convince me of anything, you have two choices:

(1) Tell me you're the best.
To make me believe you'll need to brainwash me. So repeat your statement over and over and over (like Carlsberg and Gillette). You'll need pockets down to your ankles to afford to do this.

(2) Show me evidence of how your product will benefit me.
Prove it with testimonials, demos, facts, prototypes, awards, and examples of your work. You can do this, even on a shoestring budget . . .

 

SHOW, DON'T TELL

Customers, prospects, people never believe what they are told (unless you brainwash them).

Leave big empty boasts like "biggest", "best" and "finest" to the likes of Carlsberg and Gillette. Every superlative is flaky, hollow and meaningless, unless you show exactly how you can back it up.

 


I get countless emails from businesses telling me they offer the "No1 market leading tech solution" or "a chance to really monetarise your product" . . . but without any evidence whatsoever, would you believe these claims?


David Ogilvy ditched the empty headline "Rinso Washes Whiter" in favour of an ad titled "How to take out stains". It showed 12 ways to remove different stains (using Rinso detergent) from Grease & Oil, to Indelible Lipstick, to Shoe Polish.

(Ogilvy's footnote: on average helpful information is read by 75 per cent more people than copy that deals only with the product) http://tinyurl.co.uk/yc4j

And AOL realised that getting its free 30-day trial disk in your hand was a much better way to communicate how easy it was to set-up your connection than running ads headlined "Easy Set-Up".

The golden rule is Show, Don't Tell.

Pack your advertising messages with proof. Build a list of customer testimonials longer than your arm (Click here to see ours)

Put pictures of your product or people in action on your website. Use customer research in your headlines. Build a prototype of your product and give it to your prospective investor to show her how it will work. Show, Don't Tell.

Links of Interest


Business Bricks

...provides a twice weekly Brick containing useful and practical advice you can use in your day to day business. To subscribe to their newsletter please visit;
www.businessbricks.co.uk


Work From Home?
Share your experiences and get help from others in the same situation at
www.wfhn.co.uk



Budget 2004 Summary
For a brief summary of the key points of the 2004 Budget as described by Alpha Business & Accounting Services then
click here




Online Networking
Ecademy's cause is "to build the world's premier Trusted Network, connecting business people to share knowledge, contacts and leads".
www.ecademy.com

UK Business Forums
Meet contacts, seek advice
and make friends at the UK Business Forums. A free online discussion forum aimed at supporting UK businesses.
www.ukbusinessforums.com

Start Up Right
If you are looking for help and advice on starting your business the right way then Julia is able to help. For some free advice and more information on the services available click here.
www.startupright.co.uk

Small Business Success
This site is all about providing you with the resources for starting a small business and giving you tips and advice on starting your own small business.
www.smallbusinesssuccess.biz



Do You Want A Link?
Do you have a website that provides free and useful resources that would be of interest to new business? There is no charge to have a link here
and the readership of this newsletter is over 4,000. For more information contact Richard Osborne


How To Submit An Article For Our Newsletter...
If you would like to submit an article for inclusion in this newsletter please send your article to editorial@quickformations.com for us to review. We do not pay for articles published, but you will get full credit on the newsletter with links to your website and/or other contact information.

If you would like to know more information about our newsletter please either send an email to the above address or call Richard Osborne on 0870 432 5544.



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