ICAEW Business Advice Service (BAS) Activity Update 2013 BUSINESS WITH CONFIDENCE © ICAEW 2013 icaew.com BAS has been in operation for two years, having been launched in September 2011 with the following objectives: Promote ICAEW Chartered Accountants as the first source of financial and business advice to small and medium-sized businesses; Highlight the benefit of qualified versus unqualified accountants; Support practitioners on the High Street, help them attract potential new clients and build their practices; Help develop local economies and the growth of SMEs; Build ICAEW’s reputation and influence with key stakeholders for supporting enterprise and economic growth Demonstrate to the Government our public interest role in supporting a private-sector led recovery; Enhance the ICAEW brand and highlight the role our members play in the Big Society. BUSINESS WITH CONFIDENCE © ICAEW 2013 icaew.com Key Facts • Minimum number of BAS inquiries per week: 143 • Average number of times per week a BAS firm appears in a search within the directory: 646 • Average number of BAS-related events per week: 3.8 • Average number of BAS blog visits per week: 1,864 • Weekly Advertising Value Equivalent of media coverage: £8,720 • Total number of participating firms: Over 3,200 BUSINESS WITH CONFIDENCE © ICAEW 2013 icaew.com BAS Social Media • Over 6,000 Twitter followers • Twitter impressions often exceed 1 million impressions per month • Over 50 firms provide blogs at businessadviceserviceblog.com • Short testimonial-based videos, showcasing the successful use of BAS by a real businesses. Video 1 and Video 2 BUSINESS WITH CONFIDENCE © ICAEW 2013 icaew.com BAS Partners BUSINESS WITH CONFIDENCE © ICAEW 2013 icaew.com BAS Sponsorship LBA - We are offering a prize of £2,000 worth of advice from a BAS firm as part of the Newspaper Society’s Local Business Accelerator competition Enterprise Nation - We are sponsoring a series of StartUp Saturday events around the regions The Pitch - For the second year, we are supporting The Pitch, the UK’s biggest small business competition BUSINESS WITH CONFIDENCE © ICAEW 2013 icaew.com ICAEW sponsors The Pitch 2013 • One of the UK’s longest running small business competitions • Sponsoring for second year running • ICAEW representatives on regional judging panels and lead judging panel at live event on 25 September • £1,000 worth of BAS firm fees as part of prize package • Perfect opportunity to promote how ICAEW BAS supports SMEs and start-ups through the qualified expertise of ICAEW Chartered Accountants BUSINESS WITH CONFIDENCE © ICAEW 2013 icaew.com BAS Advertising • Our Spring 2013 online campaign clearly boosted visits to the directory of firms, with searches rising by about 50 per cent in May. • Total unique visitors during campaign period via advertising: 12,829 • Top performing channels include ads on Yahoo, google adwords and RSS media feeds • Advertorial in Realbusiness about managing cashflow received over 800 page views • Content-led advertising such as the HTMLs, premium text ads, and editorial on emedia and Realbusiness have generated the best engagement proving that providing relevant, valuable content, and serving content/ads to subscriber lists really works. BUSINESS WITH CONFIDENCE © ICAEW 2013 icaew.com BAS Month – June 2013 • 56 events held across the UK • 5,000 entrepreneurs • Over 1.5 million Twitter impressions • 7,000 Facebook reach • #BASmonth – this hashtag occupied the top tweets during the month • Links with local chambers, LEPs, FSB, StartUp Britain • 7,458 BAS blog views • Promoting #BASshowcase helped to generate Facebook reach of over 69,000 • 766 online brand mentions BUSINESS WITH CONFIDENCE © ICAEW 2013 icaew.com Business Advice Month – Quotes Growing your business is challenging. But, help is available and, despite the gloom, there are businesses which are performing well. Keith Proudfoot, Northern Regional Director Many got involved with the ICAEW’s Business Advice Month to provide help and support to local SMEs. It’s good to see. Neil Lancaster, President of the Lichfield and Tamworth Chamber of Commerce The panel of experts was inspiring and it was very motivational to hear from Dr Allam, who started with almost nothing. I have come away with some good ideas to drive things forward. Attendee at Business StartUp Advice event at University of Hull Our local business advice sessions allow us to reach out to the business community and address many of the key issues that face businesses today. Clive Lewis, Head of Enterprise BUSINESS WITH CONFIDENCE © ICAEW 2013 icaew.com Business Advice Month – Speakers Oliver Letwin MP The Lord Mayor of Liverpool, Gary Millar BUSINESS WITH CONFIDENCE © ICAEW 2013 Eric Ollerenshaw MP Professor Mark Jenkins, Cranfield School of Business Zarin Patel, Chief Financial Officer, BBC Dr. Assem Allam, owner of Allam Marine and Premier league football team, Hull City Michael Fallon MP, Minister of State for Business and Enterprise Greame Leach IoD Chief Economist icaew.com There’s a tendency to glamorise starting your own business, says Clive. ‘In fact doing so can often be lonely and frightening. Clive Lewis – Head of Enterprise, ICAEW I like working with SMEs, says Nicola. I couldn’t care less what size a business is, but I do value working with businesses that have an entrepreneurial founder – someone who’s put their heart and soul into the business. Nicola Horton - Crowe Clark Whitehill LLP Malcolm enjoys working with SMEs. It’s easier to have an impact than in big business, he says. You can talk to management, you can be management. You can make more of a difference. Malcolm Bacchus – Baccma Consulting Our obsession with growth and profitability is giving way to an understanding that it’s about growing a business to the right size and then running it well.” Christopher Barnatt - Academic, author & futurist The faculty exists to make things easier for everyone involved in the process of corporate finance – in its broadest sense,’ he says. ‘hat’s not straightforward, as this involves a wide range of complex and easily misunderstood activities.’ David Petrie - Head of Corporate Finance Faculty, ICAEW BUSINESS WITH CONFIDENCE © ICAEW 2013 icaew.com As a Midlander myself, I am personally excited by the prospect of using the skills I have developed as MD of John Lewis for the benefit of the citizens of the region. There’s a real need to test and learn in digital, he says. “In many ways, it’s much harder for big companies to do that – and that may make or break them. A small business with the right focus has great agility on its side. Andy Street - Managing Director, John Lewis’’ Daniel Rowles - Managing Director, Target Internet I like working with people who genuinely care about their businesses. We focus very much on individual cases. For people running their own SMEs, their life and business needs are very entwined. You can’t separate these things out.’ Marcus Bambridge - Head of Business Advisory Services, Haines Watts I like working with SMEs, you can see the results of your input. The feedback loop’s much shorter. It’s that classic thing of being a large fish in a small pond. There is always opportunity. My general rule of thumb is most people are usually at least 2 years behind leading edge. You don’t need wildly radical ideas. You just need to find a niche and then exploit it. Tom Cheesewright Founder, Book of the Future Russell Copley - Regional Manager, Angels Den BUSINESS WITH CONFIDENCE © ICAEW 2013 icaew.com businessadviceservice.com BUSINESS WITH CONFIDENCE © ICAEW 2013 icaew.com
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