Total Gas & Power
Total Gas & Power is a business energy supplier, wholly owned by Total SA. It has been a leading business ...Read More
Smaller businesses are struggling to protect their ideas, according to new research from the Federation of Small Businesses (FSB).
A quarter of business owners suffered a violation of their intellectual property (IP) in the past five years. Half of these said that a product had been copied by a rival, a third reported use of copyrighted work on a website, and a further third said they had experienced trademark infringements.
Such infringements can be incredibly damaging: Almost one in three firms derive from 75% to 100% of revenue from their IP.
Smaller businesses spend a significant amount of time and money protecting their IP, putting in place patents, copyright, trademarks, branding and product designs. This takes away valuable resources from business development, potentially putting growth and innovation at risk. Of firms that took part in the survey, 32% said they had spent money on their property rights within the last five years, with one in five of those investing more than £5,000. But even with security, IP is still regularly stolen.
The Intellectual Property Office has implemented tools and strategies to help SMEs combat intellectual property theft, but the FSB research shows that small firms continue to find it hard to use them.
“The knowledge economy, which runs on innovative ideas and brands, is becoming ever more critical to our economic success,” said John Allan, FSB national chairman. “Left unchecked, theft and infringement of ideas, patents and brand costs small businesses and diminishes their appetite to invest in their business, ultimately hampering the UK’s long-term economic growth.”
Last year a third of smaller firms that had IP stolen took no action against perpetrators and two fifths said they used direct contact with the infringer to address the issue. Reasons for not taking action included cost, lack of resources and lack of awareness of appropriate routes.
thank you nicole for your kind help to…
"thank you nicole for your kind help to set up my business electric account fantastic service and your personal touch thank you"This review was posted by Sam Raju on the 19th of February 2018
Aaron Gallagher recently helped me…
"Aaron Gallagher recently helped me switch the gas and electricity supply for our business. He was extremely helpful and well informed which was great for me as I know nothing in this area! He saved us a small fortune and dealt with all of the switch for us which again was extremely helpful as it wasn't completely straightforward. Thanks again for you help Aaron, it was so appreciated."This review was posted by Rachel on the 17th of February 2018
A better deal for our Village Hall
"I recently used this company to get a better energy deal for our local village hall. Other companies were quite pushy but Lorraine and Bhavni from SwitchMyBusiness were much more professional. They sent me useful information by email enabling me and the village hall committee to make a decision about which supplier to use. The switch was done by phone and when the energy provider sent the paper work to the wrong address Bhavni sorted it out straight away. I saved over £1000 for the charity."This review was posted by Irene Winter on the 16th of February 2018
"Lorraine was great and very helpful. We negotiated and received a good deal on our supply."This review was posted by Edwina Nash on the 16th of February 2018
The SME Personal Switcher
"The SME Personal Switcher, Lorraine Carey was really helpful."This review was posted by Cross Fabrications on the 16th of February 2018