Friday 8 November 2013

Warrington is the location of choice for new start-ups


THE Chartered Accountants UHY Hacker Young recently reported that the WA1 postcode was one of only three places outside of London in the UK top 20, to start a business.
This is a remarkable achievement for the town which consistently punches above its weight in the commercial world.
 
WSM Business Centre, Warrington
There is a range of advice available to assist in business start-up from public bodies, professional services firms, chambers of commerce and financial institutions.

In addition there are many initiatives which can support new companies with business advice, training and development of their ideas, mostly free. 

Financial support may also be forthcoming too, directly in the form of supported loans or through resources such as business incubation.
If you are considering a start-up some basic knowledge is useful; finance, business planning, marketing and increasingly social media use, this can all be developed through education and training.
 
To succeed you need to have a good idea and the capability and determination to deliver it. If this sounds daunting then talk to the people that provide support, they will help you through this process.
Timing-wise now’s promising, a growing economy and strong sector recovery in the region. Warrington’s business environment is a growing success.

Professor Lawrence Bellamy is Associate Dean at the Warrington School of Management, University of Chester Warrington (Padgate) Campus.

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@WSofManagement @ProfLawrenceB

Tuesday 5 November 2013

Helping your staff cope with stress


The CIPD (2011) has identified stress as the number one cause of long-term sickness absence with poor management style being the top of work-related anxiety. Work related stress is also linked to lost productivity, low morale, high staff turnover and can result in a higher risk of accidents in the workplace. Here, Stephenie Hodge looks at some of the key drivers of stress in the workplace and how to manage them.


30% of SME decision makers admit workforce stress is hitting their business with stress related absence levels increasing by 27% over the last two years.Businesses could be losing in excess of £1 billion in direct costs as a result of staff taking time off due to work-related stress. One in five employees has taken time off work due to stress, with Monday accounting as the most stressful day of the week.
In a tough economic climate and ever increasing and demanding workloads, it’s hard not to feel the extra pressure at times.

Manage teams well and the individuals feel more able to cope and will rise to the challenge. However, managed incorrectly could have the opposite effect with the individual becoming unable to cope with the stress. The ability to cope with stress and balance workload has a direct correlation with a manager’s performance (ILM, 2013). Teams and managers could be at the heart of both the cause and solution or stress-related problems. Organisations need to foster the right conditions and provide the necessary training.

Addressing workforce challenges and risks is becoming an essential part of achieving better performance and greater growth for UK SMEs. If these issues are not addressed, then they could have serious long-term consequences for business stability and performance.

Most of us admit that we work better under pressure against deadlines and a degree of stress can aid performance. However, people have different ways of dealing with stress, a situation that could be motivating and challenging for one person could feel stressful to someone else. Stress can affect how we feel, think and behave. Work related stress develops because a person is unable to cope with the demands being placed on them, coupled with not being correctly supported.

Stephenie Hodge is Senior Lecturer in Marketing and HR at the Warrington School of Management.

 

It all starts with the Culture of the Organisation

Culture is driven from the top down so managers have the responsibility to nurture the well-being of the team, supporting positive beliefs and attitudes which will in turn help to set the tone for a workplace environment that champions open lines of communication. Organisations can slip into a culture where employees are expected to work all hours at any cost.

Occasionally it may be required to take work home; however, if this is on a regular long-term basis then it is usually a sign that something is wrong, another stress trigger. We need to get away from work at the end of the day, both for our mental and physical well-being. 21% of employees take work home at least twice a week. Addressing workforce challenges is an essential part of achieving better performance and greater growth for businesses.

Providing Support

The more managers know what makes their team tick, the greater the chance of noticing the signs and taking the appropriate action to support and elevate the cause. They need to understand how their management style and behaviour impacts on the people they manage.

Managers can either cause or exacerbate stress or help prevent and manage it. It is in employers’ interests to ensure managers have the necessary people management skills to manage and prevent stress.

Relieving stress in the workplace makes work a more positive place and delivers mutual benefits. Stress will not disappear, within organisations we just need to learn how to manage our teams.
Prevention is the best cure, create and nurture the appropriate sets of conditions. De-stress the working environment by:
 
Talking – small adjustments such as altering hours, even on a temporary basis may help to supress the issue
Training if applicable
Listening
Supporting
Motivation
Empowerment
Mentoring system
Effective and timely communication
Clear vision and understanding of value
Fare and consistent
Flexible approach
Knowing teams’ strengths and weaknesses

People are the lifeblood of any business and looking after them by ensuring that stress levels are balanced is vital if a company wants to attract the most skilled employees and retain existing talent. Companies that do this will be best positioned to take advantage for the future.





Stephenie Hodge is a Senior Lecturer at Warrington School of Management, University of Chester, Warrington (Padgate) Campus.

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Thursday 31 October 2013

60 seconds with......

 

Tanya Hemphill



Position: Senior Lecturer in Public Relations

Department: Business at the Warrington School of Management

Place of work before coming to the University: I was self employed for 10 years before joining the University last September. During this time I had set up and run three different businesses - a PR agency, a lifestyle magazine and an ecommerce company.

Biggest Career Achievement: Setting up my PR agency with a £3000 loan from the Prince's Trust and growing it in to an award-winning agency with clients such as John Lewis.
 
Favourite Place: Relaxing on a sandy beach.

Most memorable moment: Meeting Prince Charles after winning a 'Young Entrepreneur of the Year' award 18 months after setting up my first business.

Ultimate dream: To travel around the world with my family.

Most embarrassing moment: Forgetting to put on my car handbrake during a job interview and finding my car one inch away from hitting my (potential) boss' shiny new Ferrari. He was witness to the whole thing; and suffice to say, I didn't get the job!

Favourite song: It depends on my mood.

Favourite book: I belong to a book club, which means that I read a novel a month (on top of academic text books and journal articles for my MSc in Digital Marketing). Therefore, I've been lucky enough to read a few great new books that I wouldn't have normally chosen! My two (recent) favourite ones have been Gone Girl by Gillian Flynn and Close My Eyes by Sophie McKenzie.

Favourite food: I love Italian food (which may be linked to the fact that my Grandfather was Italian!)

Describe your self in three words: Creative, inquisitive and focussed.
 
 
You can find out more about Warrington School of Management, our specialist courses and expert staff at our website , Twitter or contacting us by email.
 

 






 

Monday 28 October 2013

Sport is not always the market for business

THE Rugby League World Cup contenders Samoa have arrived in Warrington and are using the university campus facilities in Warrington for training. Already their presence has been causing some excitement amongst students and staff and the photo opportunities and autographs are flowing.
 
The canteen takings have gone up too!
 
The events industry in the UK, which includes sports, conferences, exhibitions, trade fairs and festivals, is estimated to be worth over £35billion annually. As many as 500,000 people are employed in roles such as planning, security, logistics, catering, ticketing and car parking.
 
The Halliwell Jones Stadium was selected as a quality venue for the RLWC and it is quality venues, together with easy access which attract good events.

Warrington’s position; accessible from the motorway network and close to international airports make it ideally placed as an event-focused town. However sport and music festivals are not necessarily the market it should aim for.
 
Leading in logistics, the nuclear industry and with strengths in engineering the business of Warrington makes it ideal for strong trade shows and exhibitions.
However large capacity events venues, with heated auditoriums are required. In redeveloping areas such as the Stadium Quarter should such a venue be included?


Professor Lawrence Bellamy is Associate Dean at the Warrington School of Management, University of Chester, Warrington (Padgate) Campus. Follow @WSofManagement, @ProfLawrenceB

Thursday 24 October 2013

Warrington's New X-Factor


 Warrington’s Stadium Quarter is a priority development for the town.

A high quality mixed development of retail, offices, new homes and green spaces it is a proposal which will make the most of access opportunities to the railway station, bus interchange and by foot to the town centre.

It is an ambitious plan, but without this type of ambition Warrington will not gain the recognition it deserves as a great place to live and work.

As there are some green shoots of recovery for the economy now showing the chances of attracting investors to develop the area increases.

Since the economic downturn it has been the case that sites ripe for development, particularly those with retail and housing dimensions have been left without the financial backing to take them forward.

This is a matter of investor confidence and not necessarily an issue of affordability.
A bid has been submitted this week for a University Technical College (14-19 year old, specialist science, technology and engineering school) in the area, backed by more than 20 leading Warrington employers, all of them recognising the need for a future quality workforce. It would appear that the future is bright and it’s in Warrington.


Professor Lawrence Bellamy is Associate Dean at the Warrington School of Management, University of Chester, Warrington (Padgate) Campus. Follow @WSofManagement, @ProfLawrenceB