Life
It should come as no surprise that a strong environmental ethos within an organisation is a driving factor for many jobseekers when choosing where to apply for work. However, a recent report has detailed just how important sustainability aligned with social responsibility really is in terms of recruitment.
2020 has required businesses, specifically young startups, to evolve and adapt in so many ways to successfully navigate such unprecedented challenges. With the world shifting towards remote working, company culture has become more important than ever. VC-backed startup HomeHero is on a mission to transform how people manage their homes, all whilst juggling the delicate challenge of retaining company culture when the team is growing fast and personalities are joining HomeHero, remotely, every other week.
According to research from outsourcing provider, Woven, more than three-quarters (78%) of consumers trust online reviews when it comes to making a purchase. As UK businesses continue to manage the fallout from lockdown, customer service experts from Woven have revealed the significant impact that positive reviews could have in helping small businesses recover.
Every business needs to constantly assess what it sells, to whom, and how it sells it. It also needs to constantly assess the market and its competitors, as well as attempting to forecast future trends in demand and technology. All of this is quite a task in normal times when events move in a predictable way and in a linear timescale.
The Government’s furlough scheme has saved an estimated two million jobs and helped protect tens of thousands of startups and SMEs from closure. However as the clock ticks down to the end of October, the point at which the scheme will end, many businesses are now understandably concerned about what will come next once this provision is taken away.
A new study, commissioned by business bank, Allica Bank, shows that the practice of regular training correlates strongly with high performance in SMEs and will be vital to businesses’ prospects of a swift recovery post-COVID. The study analysed data from over 1,000 companies and ranked their success on a scale that evaluated factors including productivity, growth, consistency and outlook.
One thing that every early stage business should produce is a pitch deck, whether they are looking to raise external funding or not. A pith deck is typically a 15 to 20 page very simplified business plan set out in a PowerPoint type format. Its purpose is to succinctly outline all aspects of the business to any outsider. Just like a business plan, producing a good pitch deck is a good exercise for any founder in refining the business itself, and considering all aspects clearly and objectively.
Is the education system equipping young people with the skills to succeed in a fast changing labour market? A new report from The Entrepreneurs Network argues that as children return to schools after lockdown, students as young as eleven should have the opportunity to learn about entrepreneurship in order to develop the skills and mindset necessary to prosper in the modern economy.











