UK inflation has risen to 10.1% in July, the first time it’s hit double digits in 40 years, according to the ONS – up from 9.4% in June. Driven by rising costs in energy, food, and fuel, this has resulted in a drastic drop in funding and valuations across the startup arena, with a report from Tech Nation revealing that 50% of earlier-stage startups were struggling to scale beyond the seed and pre-seed stages.
Whether you’re getting your nails done, having your hair recoloured or taking a waxing strip to your brows, the beauty industry isn’t short on treatments. In fact, it’s a booming industry that is growing with each year. In 2022, the industry has been valued at an eye-watering £395.7 billion. And everyone’s getting a slice of the well-groomed pie.
Starting a business is a very personal journey and one that requires absolute attention and effort. Entrepreneurs often create businesses that reflect who they are as a person – meaning that personal habits and motivations can commonly creep into business proceedings. However, it’s important to ensure that you recognise when you are doing something for the benefit of the business or yourself because these lines can become blurred when you are at the helm of a startup.
Equality, diversity and inclusivity (EDI) has been an important internal metric for businesses to track for some time and has only grown in importance in recent years. As we understand more about the systemic biases that affect marginalised communities in society, so too do we understand the need to provide a progressive and equitable atmosphere in private enterprise.















