Reported on Thu, 04 May 2006

Small enterprises in the UK have been warned that the impending football World Cup could have a detrimental effect on their productivity and profits, but a business loan could allow smaller firms to get through the month-long tournament.

The Federation of Small Businesses (FSB) has cautioned the millions of small firms in the UK that they could be hit hard by staff absence during the cup, particularly on the dates when England are playing.

Research suggests that one in seven male employees and one in 20 women will skip work at least once during the tournament to watch an important match.

To discourage staff from taking unauthorised absences, the FSB recommends that small firms consider implementing flexible working practices, as well as clarifying leave policies to avoid the situation of entire workforces requesting July 9th – the date of the final – as time off.

John Walker, national policy chairman at the FSB, said: "We're all looking forward to watching the World Cup in Germany. If firms can manage absences it will avoid many unexpected problems. In smaller firms one person's absence can hit a business hard so it is even more vital for them to handle this issue."

However, Mr Walker added that savvy managers could cash in on the feel good factor that could be generated by the national team performing well in the World Cup.

"The impact on our economy of the World Cup can be hugely beneficial. People buy more food and drink during the tournament or visit a local pub to watch the games. The feel good factor will also boost wider retail sales. If absences from work can be minimised, this will increase the benefit to the economy," he concluded.

Small firms that feel they are unprepared for dealing with potential problems caused by the World Cup and those that wish to make the most of a valuable opportunity for success could take out a business loan.

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