Features

New regulations for more sustainability in the European Union: on 10 February 2021, the EU adopted a tightened version of the Circular Economy Action Plan. Among other things, this plan deals particularly with the top of the sustainability chain, more specifically with specifications for a more sustainable product design. Bennet Barth, Program Director RESPOND at the BMW Foundation Herbert Quandt, explains what startup founders should look out for if they want to make their products more sustainable.

Fully embedding a Corporate Social Responsibility (CSR) strategy within a business is more important now than ever, and this applies to startups just as much as to any blue chip. One may be forgiven for thinking that startups have more urgent priorities: securing investment, gaining customers, hiring talent or simply turning a profit, for instance.

Until the early 2000s, banks held almost a monopoly in credit. Around that time, enabled by the emergence of the internet a new type of digital lending started to emerge and with it a new way to invest in private debt: peer-to-peer (P2P) lending.

What makes a great website? Who knows for sure, but there are a lot of little things we know MUST go into the pot, and just as many that need to come out. A lot of webmasters out there think they know the answer, and yet, they aren’t following their own advice.

It’s been a challenging year for all businesses and the startup community has been particularly impacted by ‘unprecedented times’. Kindred opened in 2018 and we had just celebrated our first birthday when the pandemic struck. As an owner of a space centered around community and connectivity, and one that constitutes as a hospitality business, I’ve ridden both personal and professional waves of uncertainty that we’ve experienced throughout the pandemic.

We are getting new business almost every day. With the rise of social media, luckily for us, we get to see them online each day more and more. During the lockdown last year, a lot of businesses failed, meanwhile a lot of businesses got a huge increase.

But Anna, how do I build a business pitch? I get asked a lot. Unfortunately, there is no magic formula for building a good pitch. I learned it by trial and (a lot) of error. I’ll give you an example.

As a startup, it’s easy to find yourself admiring a colossal corporation and begin mentally listing all the ways entering into a partnership with it could help you get where you want to be. There’s no doubt that the economies of scale, the vast customer reach, and the global brand reputation of a blue-chip player can help elevate a startup company to another level.

We face a forever-altered landscape of communication and commerce. As a native of Ukraine, I have survived difficult times. As an entrepreneur, I have kept my company alive in the face of war and revolution. And, though the details and depth of our situations differ from day to day and person to person, these steps can offer a port in any storm.

Richard McCall, CEO of Armalytix, believes that despite the post COVID-19 road to recovery, Britain’s army of small businesses face an extremely uncertain six months as the implications of tax deferrals, loans and uncertain growth combine. Richard argues access to up-to-date financial information, made easier by Open Banking will help these businesses maximise the potential upside of the recovery.

Starting and growing a business also means getting a team of people together to grow and work with you and support you. But that’s not always easy. Sometimes it takes a few tries to get that perfect match (new business idea: a LinkedIn and Tinder hybrid!) and you have to make tough decisions on who you want on your team.

You’d think that a pizza company wouldn’t be a poster child for digital transformation, but that’s exactly what Domino’s Pizza is – one of the first to debut an app that lets you order through your smartwatch or Tweet and track your order on your mobile device.

Many things in businesses are reliant upon achieving the right balance. Sometimes this balance can be easy to achieve and other times it can be much more difficult to obtain. Sometimes it is a statutory requirement and other times it is more of a yin and yang thing that improves the business in many different ways. But all are important.

Recruitment remains a significant challenge for scaling a business. Like any other business skill, recruitment takes understanding and experience to get right, but the hiring process can be lengthy – anything from about 19 hours for design/creative roles to 30 for IT posts. Get it wrong and it all adds up to a colossal waste of time.

As the country slowly emerges from COVID restrictions, one of the lasting impacts of the pandemic is the mental health crisis it has left behind. For businesses to bounce back, employee wellbeing must become a commercial priority.

Buying British has been a trend that seems to go in and out of vogue every 10-15 years. The label ‘British Made’ was once a mark of quality and respected the world over. Items made from British steel were the pinnacle of reliability while, until the BSE crisis, British meat was regarded as the highest quality.

Vaccination against coronavirus began in many countries worldwide, which means that humanity will soon return to everyday life, including working life. Employees and employers can safely return to their offices. Let’s talk about how to do it right.

You might think the phrase ‘harvesting data’ sounds a little bit X Files, but for most businesses compiling large amounts of customer or stakeholder data is far from an alien concept. And yet only 20% of organisations currently believe they are GDPR compliant.

A new business takes a lot of courage, and this holds even for small businesses. Entrepreneurs must exercise their proficiency on different levels – from legal to finances, from marketing to sales, there is a lot to take in before taking off.

If you’re wondering how to make the best success of your startup in the first year, I’m here to share 18 top tips with you. These insights are all gained from interviewing the first aid startup Cube Group-Services Ltd when we collaborated on a blog earlier this year.