Ask any early-stage business owner and they will tell you that getting funding to scale can be tough. Very tough. All will tell you that it takes much more time and effort and takes much longer to complete than they had expected. And all will tell you that raising finance is a massive distraction from actually running and growing the business.
As a business owner, navigating the complex world of taxes can be a daunting task. However, by employing effective strategies, staying informed about tax laws, and seeking professional advice, you can confidently navigate the intricacies of the tax system. By doing so, you can identify and leverage various opportunities to minimise your tax liability and optimise your financial position.
More than ever, startups are hiring college interns. But most startups have little experience training and managing interns. And most students have never worked in a professional setting, let alone a fast-paced startup environment. Result: host companies rarely educate interns properly. Only once in a while do students actually get to do anything substantial. More likely, they’re given too little to do or outright neglected. And it’s a shame. Here, Samantha Dewalt and Nicola Corzine share their insight.
Designing your business systems can give you clarity in many areas and identify what steps you are missing or need to improve. The key is to keep things simple. The core of your business is your customer journey, so that’s what you should focus on. You and your team may have many ideas on new ways to improve the journey, but it is important to look at the following six main steps when shaping it.
Small businesses are the backbone of the UK economy, accounting for 36% of turnover in the UK private sector and half of the UK workforce. However, this backbone is experiencing a great period of economic uncertainty as both their costs have increased and customers have less to spend. This uncertainty has led to four in five small business owners struggling to plan beyond 2023. Facing such economic headwinds, small businesses should look to the power of branding as the way to continue thriving.
In the final article in our four-part series, we will pick up where we left off in part three (startups leveraging each other’s networks to drive portfolio sales) and look at how young firms buying from each other creates opportunities for closer collaborations. Over to Sam Perry, Founder of Ensemble, with contributions from Rory Sadler Co-Founder and CEO at Trumpet.
If there is one thing everyone hates, it's the sense of failure. Indeed, the sweetness of victory feels just so much better. As an entrepreneur, though, you may learn much more from setbacks than successes. We must approach failure with a different mindset - seeing it as a chance rather than an obstacle.
Mental Health Awareness Week takes place 15 – 21 May, and this year’s theme focuses on anxiety. Most people can relate to feelings of anxiety around a social activity, be it a family gathering, big work meeting, or starting a new job. Social anxiety disorder, however, can be far more debilitating than the ‘normal’ nervousness that we can all experience, and it can have a significant impact on the wellbeing and relationships of those it affects, as well as those around them.
As the Internet industry becomes increasingly competitive, businesses must differentiate themselves by providing unique customer experiences. Provide insight into CRM data and how it can be used to help personalise the experience. Engaging customers, retaining them, and increasing sales can be achieved by using customer data.
As fun and rewarding as it is, business traveling can lead to a very unhealthy lifestyle.
When traveling, people tend to think less about a healthy diet, sleep less, or don’t get enough exercise. Also, business meetings and conferences often end up with binge drinking large amounts of free alcohol.
According to Harvard Business Review, business travel is connected with depression, anxiety, and even alcoholism.
Staying healthy while traveling isn't hard, but there are certain things and habits worth implementing.
Many hundreds of thousands of new businesses are set up each year in the UK. Indeed, according to Companies House, just over 200,000 new businesses were established in the first three months of 2023. For some, the founders will be content with a lifestyle business or will not wish to scale in any meaningful way. But the majority of businesses will need to raise some form of funding and for many this will be during the early-stage of the business when it is looking to scale.
Space has inspired countless generations of people who have marvelled at the night sky. It’s no wonder then that the space sector proves to be an attractive option, especially for fresh graduates and early career engineers. But the realities of a sector where remuneration for highly-skilled engineering talent struggles to keep pace with other industries means it is hard for space businesses to retain good talent.
In today’s business climate, there’s no denying the importance of sustainable operating practices. Operating sustainably has plenty of tangible benefits for businesses – aside from a clean conscience of course. Increased profitability and desirability as an employer are just two of the advantages that can be gleaned from sustainable business.
We know from our own research that first-party misuse is increasing dramatically. Two thirds of the merchants we surveyed as part of our last annual Chargeback Field Report said that they have seen first-party misuse rise by an average of 28%. Every chargeback dispute can cost a company 2.5x the cost of the initial transaction and can necessitate companies setting up departments solely dedicated to recovering funds lost to chargebacks.
In the run up to the King’s Coronation, Dani Wallace, Leader of the ‘I Am The Queen Bee Movement (#IATQB)’ and Founder of The Fly Anyway Foundation, shares with Startups Magazine, why she believes that everyone can start stepping into being their own version of sovereignty and success and says for startups - “that is where the power is!”
In the first part of our four-part series, we discussed how buying from other startups can lead to cost-saving benefits.
In this second instalment, we will again hand over to Sam Parry, Founder of Ensemble, to explore how engaging with fellow startups can provide access to cutting-edge solutions, often delivering a competitive advantage. Contributions from Chris Priebe, angel investor & founder/CEO of HR tech platform Zelt.
“Only 7 years ago I was suffering from severe stress and anxiety – I now help leaders create stressless, positive, and safe cultures where everyone can thrive and succeed”
Best-selling author and Global Executive Coach, Sarah Farmer, Founder of EMR Consulting was recently named as one of the top 10 Coaches to follow for game-changing success in 2023, but up until only 7 years ago she was suffering from severe stress and anxiety. Here, she shares her story and advice for stress awareness month.
When starting a new business, there are many important factors to consider, including the creation of a business plan and the registration of a trademark. However, there are often misconceptions surrounding the importance of these elements, which can have a significant impact on the success of the business.
There are plenty of new hacks, apps, or trends claiming to be the solution to personal or professional challenges, but what if we possess the power to change how we feel? Finally, modern science is catching up with ancient yoga breathing practices and realising that how we breathe matters. As a certified breath coach, I help people use their breath to their advantage to manage stress and anxiety and find calm and clarity by changing how they breathe.
Many of those thinking about their own startup is afraid to tell anyone about it, reasoning this by the fact that a "million dollar" idea could be "borrowed" by others. In fact, I can reassure you, as most teams capable of implementing a startup idea have a lot to do already (because they have their own startups and their own business), they don't have time to implement someone else's borrowed idea. Big companies, on the other hand, would rather become your partners than steal an idea. After all, an idea by itself is worthless.
Yesterday I attended the launch of the “Business Without Blood Sports” event, by leading animal welfare charity, The League Against Cruel Sports, at the historic House of Parliament. I found out the hard way that you’re not allowed to take pictures of every pretty thing you see in this magnificent building.
With warmer weather on the way, parents across the UK will be thinking about how to keep their children safe in the sun. Enter: Solar Buddies – the world’s first child-friendly suncream applicator.
The product, created by Welsh mums Kelli and Laura, recently gained a huge new audience when it was successfully pitched in the Dragons’ Den. Here, we learn more about the idea and how the pair found success and bumps along the road.
In the first of a four-part series, Startups Magazine has teamed up with Sam Perry, Founder of Ensemble, to look at how startups can leverage each other to survive the current challenges in the European startup funding arena. Hector Mason, General Partner at Episode 1, Co-Founder of Focal, Co-Host of Riding Unicorns and Jon Butterfield, Head of Platform at Speedinvest also comment.
Quantum computing is a hot topic. Quantum computing startups and university spinouts continue to attract venture capital and private equity investment, whilst countries such as the UK, US, Germany, Japan, and China are engaged in a quantum computing arms race, as they seek to realise its potential and develop capability and expertise which will support the private sector as well as enhancing military and cyber capability.
It's important to celebrate the amazing progress and achievements of women, but also draw our attention to the barriers facing women in both their personal and professional lives - such as imposter syndrome. However, it’s not just today that we acknowledge these struggles, and we must work every day to create a more inclusive and supportive environment for all women.
YouTube is the second-largest search engine after Google and has over 2.6 billion monthly active users. It is, therefore, essential for startups to create engaging videos for the platform to increase their brand’s visibility, reach the right audience, and deliver value through their content.
In this article, let’s look at the YouTube video marketing software for startups that can help you do just that.
The rapid ascent of the toy and entertainment IP company Toikido within its industry has certainly been impressive. Founded during lockdown in 2020, the company is now an eight figure business and is partnered with companies such as Netflix, Skydance, Apple and RoBlox. In 2022 it sold over 20 million toys across 100 markets worldwide and intends to build on its success even further this year with the launch of its own computer game Piñata Smashlings which will be accompanied by a range of animated content as well as toys and books.
Famous for its coffee culture, grunge music scene, and chewing wall gum, Seattle boasts beauty, greenery, and elegance. What’s more, when I picture the City, I think of ferry boats and the space needle, all thinks to medical drama Grey’s Anatomy. All these things make Seattle a great tourist attraction, but is Seattle a suitable city to launch a tech startup?
In recent years, particularly as a result of the global pandemic, organisations around the world have been racing to rapidly move their operations and services to the Cloud. In fact, according to Gartner, worldwide public Cloud spending this year is forecasted to grow by 20.7% to a total of $591.8 billion, up from $490.3 billion in 2022.