How To Prevent The Pandemic From Taking A Greater Toll On Women Entrepreneurs - Forbes

How To Prevent The Pandemic From Taking A Greater Toll On Women Entrepreneurs - ForbesHow To Prevent The Pandemic From Taking A Greater Toll On Women Entrepreneurs - ForbesBuilding an Asset With an Online Business – 5 Great Business Ideas to Try - Business 2 CommunityCity of Charlotte to host small business forum about support during coronavirus - Qcity metroHow To Prevent The Pandemic From Taking A Greater Toll On Women Entrepreneurs - ForbesPosted: 03 Apr 2020 04:15 AM PDT Women entrepreneurGettyBetween 2007 to 2012 — the period before and after the Great Recession — the number of women-owned businesses jumped 27% while privately held businesses grew only 3.3%, according to theSurvey of Business Ownersby the Census. Average revenues for women's businesses decreased from $154,300 in 2007 to $143,700 in 2012 and privately held businesses revenue grew from $417,400 to $440,200 during the same period. One reason for the decline in revenue among women's businesses was a surge in s…

FEATURE: Will Brexit really bring victory for small scale fishermen? - Real Business

FEATURE: Will Brexit really bring victory for small scale fishermen? - Real Business

FEATURE: Will Brexit really bring victory for small scale fishermen? - Real Business

Posted: 04 Feb 2020 04:06 AM PST

When it comes to bygone industries, the UK boasts some iconic regions; from towns and cities in the Midlands known for vehicle production (MG Rover, Norton Motorcycles), to the North-East's historical reputation for shipbuilding.

While many of these industries have gone, their memory, including a sense of pride and nostalgia, live on in those that found work in them, and in those still struggling to make these sectors profitable.

One example of those, 'struggling on,' is the fishing community of Grimsby, a town in East England that was a hotspot for industry anger against the EU, where over 70% of residents voted to leave the European Union.

During the pre-referendum canvassing, Britain's fishermen were held up by Leave advocates as an example of a 'homegrown' industry decimated by what they saw as 'draconian' EU regulations.

Compliance with the EU's Common Fisheries Policy, (that dictates that member states can't control their own waters, nor set their own fishing quotas), was, they believed, the reason why.

Because the European Commission classes fish as a "common resource," fishing boats from EU nations can fish in the waters of other member states.

This sharing of territorial waters, known as the Exclusive Economic Zone, applies to all EU member states with a coastline and a fishing industry, with all fishing related rules set by the European Commission.

Before joining the European Economic Community, (EEC – latterly the EU), in 1973, Britain controlled its own fishing waters, which extended to 200 nautical miles from its coastline. As a member state today, it controls just 12 miles of water. Beyond that lies the Exclusive Economic Zone, controlled by the European Union.

Unsurprisingly, this aspect of membership has caused resentment in Britain's fishing community, who have to share their stock with fishing industries from other EU countries.

A fair balance?

The fishing town of Grimsby. Grimsby Telegraph

While EU membership means UK fishermen are entitled to fish anywhere in the Exclusive Economic Zone, the region's natural abundance of fish means there is more value in European vessels coming to waters around the UK than vice versa.

In 2015, EU fishermen caught 683,000 tonnes of fish in British waters (raising £484m), whereas UK fisherman caught 111,000 tonnes of fish in EU waters, amounting to 114m.

Statistics showed that British waters were still a fruitful fishing spot two years later in 2017, where UK fishermen caught a majority of their catch in home waters, (80% by quantity and 83% by value) whereas waters of EU member states came second, (13% by quantity and 9% by value).

The same year, it was reported that Danish fishermen caught as much as 40% of their catch in British waters.

What is the industry worth?

Fast forward to today, and what is the state of the UK's fishing industry? While the sector has found itself at the centre of a heated sovereignty debate, it's only worth a small portion of the country's economy, (0.12%).

Apart from hoping for a more favourable deal to be struck for Britain's fishermen before the transition period ends, the community has other hurdles to deal with –  fishing sustainability issues and intra-industry tensions among them. Some claim the troubles facing the industry as a whole are down to the domination of big fisheries over small scale fishermen Europe-wide, rather than the results of any fishing controls set by the EU.

Following the transition period, it's expected that the UK will work with the EU to come to an "annual agreement" on catch allocations based on sustainability goals, using scientific methods to determine amounts and availability.

But will British seas exclusively for British fishermen really open up the UK's fishing sector to more prosperity? Moreover, is the UK fishermen argument 'over-selling' the value of the industry? Well maybe at least, in part.

A victory for UK fishermen – or big business?

Brexit supporters believe British fishermen are losing out. New Statesman

Speaking to inews this year, chief executive of the National Federation of Fishermen's Organisations, Barrie Deas was optimistic about Britain's leverage in Europe's fishing industry:

"We have a six to one ratio of fish stocks against the EU. The EU needs us more than we need the EU."

However, Chris Davies MEP has made comment on the comparatively higher value of the fish processing industry as opposed to catchers, where firms are usually not British:

"The processing sector is generally anti-Brexit because it's reliant on trade and distribution. Economically, it's stronger, but it could be hit. If the French don't like something, they can block our lorries from entering Europe and cause huge disruption."

He goes on to say that Brexit, including the supposed fishing sovereignty it could bring, might not be the victory for small fishermen the Leave campaign promised it would be, saying:

"We have to remember too that there are a lot of very rich fishers who stand to make a lot of money out of Brexit. We see small boat fishers in the spotlight – those struggling to get reasonable quota and to make ends meet in places like Ramsgate, Kent. But I've seen mackerel fishers with £30m boats and with electronics onboard more advanced than the International Space Station. Nothing is simple at all."

Eclipsed: 'Net metering' change dims light on solar industry - Greater Baton Rouge Business Report

Posted: 04 Feb 2020 02:00 AM PST

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Marubeni to launch Japan's first large-scale offshore wind power business - The Japan Times

Posted: 03 Feb 2020 10:57 PM PST

Marubeni Corp. is gearing up to launch what it says will be Japan's first large-scale offshore wind power generation business.

Tokyo-based Akita Offshore Wind Corp., an equity-method affiliate of the trading house, will set up 33 wind power generators at port facilities in the cities of Akita and Noshiro in Akita Prefecture. Marubeni hopes to start operating them by the end of 2022.

The power generators will have a total output of 140,000 kilowatts, enough to serve the needs of around 47,000 households using an average of 3 kW.

Marubeni plans to sell electricity generated by the project to Tohoku Electric Power Co. for 20 years.

The project's operating expenses will total some ¥100 billion, with the main financing coming from MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking Corp., according to a Marubeni announcement on Monday.

The Akita Prefectural Government chose Marubeni to lead the project in 2015.

The trading house has an equity stake of some 40 percent in Akita Offshore Wind, which was established in 2016. Obayashi Corp., Kansai Electric Power Co. and Chubu Electric Power Co. also have stakes.

Most wind power generation projects in Japan have so far been conducted on a trial basis or on a small scale.

Forget Google’s Advertising Business, Cloud Is Where It’s At - Motley Fool

Posted: 04 Feb 2020 12:09 PM PST

By all counts, Alphabet (NASDAQ:GOOGL)(NASDAQ:GOOG) had an awesome finish to 2019. Full-year revenues increased 18% to $161.9 billion, earnings per share increased 12% to $49.16, and free cash flow (revenue less operating and capital expenses, the end-all and be-all of bottom-line profits) surged 45% to $30.97 billion.

Within the greater context of the juggernaut that is Alphabet, though, it's the cloud segment that's really exciting. Often drowned out by the louder first and second fiddles Amazon's (NASDAQ:AMZN) Amazon Web Services (AWS) and Microsoft's (NASDAQ:MSFT) Azure, Google Cloud is surging and catching up fast, according to new segment details Alphabet is providing.

A man in the background pressing a web browser search bar in the foreground.

Image source: Getty Images.

Google's "small" segment that could

During 2019, the Google Cloud segment generated $8.92 billion in revenue. In the fourth quarter alone, Cloud grew 53% to $2.61 billion. Not exactly a small business, but small compared to the internet search company's total sales, which are still dominated by advertising revenue.  

Likely for this reason, it wasn't until this last Q4 report that Alphabet started breaking out Cloud from its "Other Revenues" segment -- a mashup of businesses including Pixel and Nest hardware and the Google Play application store. It's good they did this since Google Cloud is growing so fast, more than doubling in size the past three years and becoming an ever-greater chunk of the whole.  

Alphabet Segment




Google Cloud

$4.06 billion

$5.84 billion

$8.92 billion

Total revenue

$111 billion

$137 billion

$162 billion

Google Cloud as percentage of total




Data source: Alphabet.  

It's a small piece of the Alphabet pie, but the growth in cloud is significant. It's an incredibly profitable business model that only gets more lucrative with scale. Cases in point: AWS and Azure, both of which are helping their parent companies generate big profits. 

A cash-generating machine

In Amazon's 2019 Q4, AWS grew 34% year over year to $9.95 billion, generating an operating profit margin of 26.1%. AWS also accounted for 67% of Amazon's operating income in the period. As for Microsoft, its cloud segment (which includes Azure, Office 365, and other cloud business) grew 27% year over year in its last quarter to $11.9 billion. Microsoft doesn't break out specific operating margin results by segment, but the various cloud products helped the software company create a 35% increase in operating profit on a 14% gain in total revenue during the final quarter of 2019.

For now, Google Cloud likely isn't as profitable as its larger peers; Google brass during the quarterly conference call said it is investing heavily in the segment, including hiring new talent and dumping cash into research and development. But that will change as it grows and should be a meaningful contributor to cash flow over time -- not to mention feed into growth strategies in Alphabet's other assets, like the Verily healthcare and Waymo autonomous vehicle subsidiaries.

Cloud computing is by no means new, but it's still a fast-growing industry and looks like it will be in high-octane mode for another decade or so. Though it's far smaller than its peers, Google Cloud is catching up and is a key component of Alphabet that's worth watching each quarter, now that the company provides more detail on what's going on under the hood.


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