Features
The last two years have been challenging for many businesses, with the pandemic disrupting their working practices and forcing them to adapt almost overnight. 2021 saw a continued uptake of new business technologies, with the ongoing rollout of 5G equipment, increased remote and hybrid working, and the move to more cloud-based systems.
While the ability to connect and speak with others is important in just about any part of business, the power of networking is especially essential when it comes to meeting with venture capitalists and new networks when you are trying to get your product or idea off the ground. There is a lot of competition, and you never know when someone will have a similar idea, so you need to make a great impression with potential investors right off the bat so you can get your business moving.
It’s an exciting time to be in unified comms technology. The world has never been so diverse in terms of how people connect with each other, and this has affected how we all live, work and play. We have never been so together, and yet in many ways we have never been so fragmented, nor needed to multi-task quite so effectively, and this needs a carefully managed response.
As the economy opens up in the aftermath of the pandemic, many SMEs will be looking to trusted accountants and lawyers to ensure they take appropriate steps to enhance their businesses as they start to expand. While many advisers prove themselves to be a very effective asset, poor advice from a trusted source could cause significant financial loss for SMEs, and can constitute professional negligence under the law. Some SMEs will be in the fortunate position of never needing to bring a claim against one of their professional advisors. But for those that do, that process may be an unfamiliar one.
There’s no doubt about it: today’s economy and sociopolitical outlook are impacting the ability of start-ups to fundraise. Early data during the pandemic showed a 50% drop in funding compared to the same weeks in 2019, and while there was significant uptick in venture capital in 2020, early stage companies still suffered.
While individual multinational corporations may have a disproportionately negative impact on the environment, the cumulative effect of small and medium-sized enterprises (SMEs) also presents both a huge problem and an excellent opportunity for climate action. According to a recent study by the British Business Bank, SMEs are responsible for nearly 50% of all business-driven greenhouse gas emissions in the UK largely, in part, due to the use of inefficient internal and supply chain processes. Despite this, 76% of SMEs are yet to implement a decarbonisation strategy and according to another recent study by O2 and the British Chamber of Commerce (BCC), only one in ten are even measuring their carbon emissions.
The Challenger disaster. A part of the shuttle known as the O-ring was faulty. NASA employees knew about the fault before the disaster, but they either ignored the problem or were disregarded when they tried to alert higher-ups about the issue. Single loop learning had failed NASA and it ended in disaster.












