Features

It’s well known that loyalty schemes are a hugely successful marketing tactic in the UK with notable successful programmes such as Nectar, Tesco Clubcard and Morrisons having helped drive customers to businesses.  

Have you ever wondered that why is leadership development important for every workplace? The most straightforward answer to this question is that leadership skills ensure the team stays on track, achieves goals, and keeps the business profitable.

Growing up, many people considered the games I played to be a distraction from the ‘important’ things in life, such as my education and career development. However, as a member of the ‘gamer generation’, I see how much we are overturning this view. Along with many others, I believe games offer a huge amount of business learnings that as startup leaders, we can capitalise upon.

The challenges faced by small businesses over the past year have had a profound impact on global economies. This is unsurprising given that they account for more than two-thirds of global employment and contribute up to half of national global GDP.

It’s awards season and businesses of all shapes and sizes are launching themselves into the spotlight to bring home the trophies! As a consultant helping SME businesses with sales and marketing, I’m proud to have written entries for 10 winning finalists so far this year.

Launched in 2017, Huboo is one of the UK’s fastest growing fulfilment providers, working with more than 800 eCommerce retailers worldwide. Renowned for its unique ‘micro hub’ technology, which enables online retailers of all sizes to access a complete end-to-end fulfilment operation within minutes, Huboo has grown dramatically over the past few years – expanding its total UK warehouse space to 11,000sqm, and growing its team to 250 people.

Molex Ventures was founded in 2013 as a strategic organisation designed to accelerate change and transformation through engagement with the innovation ecosystem. It leverages corporate venture capital to invest in startups and incubate organic ideas that have strategic alignment to the future growth opportunities of Molex.

As we all know by now, the road to startup success can be a dangerous one fraught with hazards, and success can often come at a price. Someone who knows that more than most is speaker, CEO, entrepreneur and executive coach, Daryl Woodhouse.

Many people see processing a payroll as a monotonous task and one to leave to the pen-pushers. However, having a successful process leads to employees being paid the right amount, on time. Payroll is a large part of the day-to-day running of a business and has over recent years become burdensome on business with the introduction of regular electronic filings and auto-enrolment compliance for pensions. There are also many penalty provisions available to HM Revenue & Customs (HMRC) to penalise for incorrect and late filings.

While the heroic abilities of the NHS have been on display throughout the COVID-19 pandemic, the last year has also exposed the longstanding limitations and frailties of our underfunded healthcare system.

If the last 18 months have been bad for everyone in business, they’ve been disproportionately bad for the self-employed.

Following on from ‘Unexpected Tips for Business Growth: Part 1’, here are three more tips taken from successful entrepreneurs, founders and CEOs who know what it takes to not only survive tough times, but to thrive in them.

Virtual events have provided a lifeline for thousands of companies during the pandemic, allowing them to stay connected to their audiences and keep vital sales and marketing efforts going. But at the same time, most organisations have struggled to deliver a positive, consistent audience experience due to connectivity issues, problems with event formats, or difficulties encouraging participation, averting desk-based distractions and preventing Zoom fatigue.

Employees are at greater risk than ever of suffering burnout and employers should consider putting in place preventative and curative measures. For startups in particular it is important to look at tackling burnout in a sustainable way, eradicating the factors and issues before they take hold. Debra Clark, Head of Specialist at Towergate Health & Protection explains.

Sometimes in life it can pay to watch, observe, and to take no immediate action. But there are also many times in life, and in business of course, where by far the best thing to do is to seize the moment. No action, can itself become an action, as events are taken out of your hands or the situation has moved on and left you behind.

According to the Project Management Institute, project success depends on whether it’s delivered on time and the cost doesn’t exceed its budget. It’s even more important to consider if the delivered IT product works as it was intended, people within the company can use it and it ultimately meets that goal that drove the project initially.

As we all prepare for the reality of returning to the office, businesses are asking for more in a workspace – from allowing ‘pandemic pets’ in the building, to flexible contracts, and creating an environment which keeps employees’ physical and mental wellbeing front of mind.

Naturally, large and small businesses have innumerate differences in their motivations and capacity to operate. For instance, SMEs commonly benefit from the flexibility imparted by smaller and more focussed teams, with ownership often aligning with management. Conversely, they may have less financial freedom to invest in diversifying or building the kind of economies of scale enjoyed by more established enterprises.