Nominations for this year’s Malta EY Entrepreneur Of The Year™ are now open until the 9th February 2018. The competition is open to entrepreneurs from all sectors, established and new. To be eligible, nominees must either be Maltese or have been operating a company based in Malta for at least two years. Anyone, including employees, company advisors and financiers can nominate an entrepreneur, with the latter's consent. Many of the nominations come from the entrepreneurs themselves. Just being nominated can elevate a company’s profile through exposure to other entrepreneurs, sponsors, judges and guests. The winners also benefit from significant international visibility which could drive the next phase of their company’s growth.
GRTU Malta Chamber of SMEs’ end of year Business Performance Survey indicates a positive year in general. Three out of every four respondents did not report a decrease in their turnover. Nontheless, Labour shortage was once again found to be the topmost concern, with the direct result of slowing down business growth, fuelling higher labour costs and leading to high levels of staff turnover.
32% reported higher sales during the end of year peak season while 29% had lower sales when compared to the same period in the previous year.
Black Friday was reported to have had limited positive or negative effect on the festive season as a whole with only 17% reporting increased turnover because of this phenomenon. 20%, on the other hand, felt that because of Black Friday their total sales during the festive season decreased.
The Business Advisory Services provide business undertakings operating in Malta with advisory services that suit their specific requirements.
Through the Energy Audit Voucher Scheme, small and micro undertakings that have their energy consumption between 10,000 kWhr and 75,000 kWhr, may engage an Energy Auditor to carry out a high level energy review of the activity. Through the energy audit, the business would identify actions and investments that may be carried out to reduce energy consumption.