We’ve all heard the old cliché: if young people just spent less money on avocado toast, or skipped a latte every once in a while, they might actually be able to afford a house. These proverbs have seemingly become gospel, but they’re patently false. In fact, it would take the money saved from skipping almost 25,000 portions of avocado toast to buy a house in London - that’s one portion every day for 65 years.
Looking at the distribution of venture capital investments today, women receive five times less financing than their male counterparts. In 2020, only 2.3% of venture capital funds went to businesses started by women around $3.7bn and, more than $160bn went to companies created by men. Moreover, only 12% of decision-makers at venture capital firms are women, and many VC companies have no female partners.
Black Friday in the United States has become somewhat of a religious movement bordering on hysteria, with people camping outside of department stores for several days—subsequently disregarding Thanksgiving, the family holiday which summoned Black Friday in the first place—with people literally getting mauled and trampled to death just over some discounted products.
Jeremy Hunt’s pledge in last week’s Autumn Statement to make the UK the “world’s next Silicon Valley” was music to the ears of those involved in Britain’s thriving technology community. It is a laudable ambition, but as everyone working in UK tech knows, the foundations that can turn it into a reality were laid many years ago.
We live in a world where businesses constantly reinvent themselves to remain competitive. Automation and digitisation goals feature in well over half of all today’s businesses’ long-term corporate strategies, according to PwC's most recent annual Global CEO Survey. Which is why artificial intelligence (AI) and virtual worlds or ‘metaverse’ related technologies and tools have risen to prominence, particularly in relation to improving on-the-job training and upskilling new talent.
In 2017, a YouGov survey found that 10% of British people admitted to having lied on their CV, while subsequent surveys have found that this number could be substantially more. In this article, we explore the legalities of an employee lying on their CV, what employers can do to mitigate the risk of employing such an individual, and how they should respond if they later find an existing employee has been dishonest.
Employees are facing the greatest decline in living standards in over 50 years: the cost-of-living crisis. Between double digit inflation figures (10.1% in September) and skyrocketing energy bills, many people’s financial security is under real threat. According to Mintago’s most recent research, employees in the UK have voiced concerns about their financial woes to their managers significantly more than usual this year.
The benefits of being physically active have been drilled into us for as long as I can remember. From improving brain health, reducing the risk of disease and keeping us mentally healthy, keeping physically active is one of the most vital things we can do for our health. What I’ve never stopped to consider is the importance of physical health for business success. When you think about it, it makes perfect sense.
We’re all feeling under pressure right now, with the cost-of-living crisis hitting every business in the UK. While turning the lights on and plugging in your office phone system can’t be avoided, there’s certainly some ways to cut back costs. Here, Kristian Torode, Co-Founder and Director of business telecoms services provider Crystaline shares his top tips for keeping your comms costs low.
Henry Ford once said: “It’s not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages”. And he’s not wrong – building good relationships with customers is the foundation for success. The CRM system is often hailed as the heart of customer experience (CX), yet many businesses don’t give their CRMs as much thought as they merit. Here, Ross Slogrove, UK country manager of contact centre software provider Ringover, shares his blueprint for a successful CRM strategy.
It’s no secret that information and data are power for businesses of all shapes and sizes, arming them with a competitive advantage, improved communication and better operational flexibility. A company’s information and customer data are fundamental to driving future success, meaning businesses need to keep it organised, analysed and protected in order to realise these long-term benefits.
Small and midsize businesses (SMBs) have one passion – their company, their customers, their industry, and their growth. If you are in the process of starting a new small business, or are even trying to successfully run one, you will be well aware of the various challenges that you may have to face in the near future.
Raising capital is one of the biggest roadblocks faced by today’s entrepreneurs. Not only are bank loans very hard to get for many, but risk capital investors can expect high growth and rapid exit, which are not options for a huge majority of businesses. Despite these challenges, Manchester Kombucha business, Hip Pop, has achieved impressive growth since launching just three years ago thanks to its successful investment strategy.
Today, Expedia Group launches Open World™ Accelerator, an initiative that builds on its Open World vision to power partners of all sizes with the technology and supply needed to thrive in the travel market. This new initiative is designed to advance innovation in the travel industry, by supporting startups and small and medium sized business (SMBs) to fast-track their growth and innovate on Expedia’s purpose-built technology platform.
The search for a co-founder is no easy feat. It’s not just about finding someone to accompany you on your business journey or having someone to share the challenges that come with being a founder. It’s about finding someone who shares the vision you hold so passionately – someone who has that equal burning excitement within them to build your shared vision into the great product you know it can be. In a way, finding the right co-founder is a lot like dating; it requires a time commitment, and compatibility.
Creativity has always played a deeply important role in my life, so when I became a founder, giving creativity a seat at the table felt like the most natural, vital thing I could do for my business. And my journey to becoming CEO of my agency, Grizzly, couldn’t have happened if I hadn’t had a creative vision that I now share with my whole team.
‘Net-zero’, or the principle of achieving complete carbon neutrality, is a principle that has been adopted by several nation states in recent years. The growing severity of the climate crisis has inspired necessary action from governments around the world, all working in concert via recommendations and accords achieved through the COP summits.
Payhawk, the spend management solution with a presence across the UK and Europe, officially launches in the US today. The unicorn has opened an office in New York and is introducing a US credit card to support companies with multiple offices across the UK, Europe, and the US. The US launch is a key part of Payhawk’s expansion strategy, following a record year of growth that has seen its revenue grow 524%, and its employee headcount grow 250%, year to date.
According to the UK Government, the UK is the sixth largest exporter in the world, with businesses increasingly selling their goods overseas and opening doors to new opportunities. HM Revenue & Customs says the total amount of goods exported in 2021 was £340 billion, an increase of £29.2 billion (9.4%) compared with 2020.
As the global demand for energy continues to increase at pace, coupled with the need to accelerate the shift to renewables as the primary energy source to help mitigate climate change, the need for tech solutions to help businesses and individual citizens to measure their energy use and emissions, and take action to reduce both, has never been higher.
Having a timeless and unique logo is essential for branding and marketing. It is important to focus on creating a brand design that conveys the message immediately and reflects your company values. This is where you need to consider all the factors such as budget, marketing channels and goals carefully. At the end, it’s crucial to decide on an option that helps gets the best results within a given time.
Esther Cain is Head of PR, Influencer and Events for Made4 Vitamins. With over ten years of extensive and varied experience both in-house and agency for fashion and lifestyle brands as well as the public sector. Here, she breaks down some of the factors impacting the health of Brits choosing to work from home.
When it comes to task delegation and division of labour, you’ve probably heard the cliché, “two heads are better than one” more times than you care to count. According to McKinsey, gender-diverse and ethnic-diverse companies are more likely to yield profits than their counterparts. But does diversity end at gender and ethnicity?
TheEcomClub Founder Joe Heyes went From Facebook Marketplace Flipping to £3M Business Empire in 4 years
Joe Heyes is a young Serial Entrepreneur from Manchester, England. Founder and CEO of 7 figure Amazon wholesale Business 'JH WHOLESALE' and eCommerce education company TheEcomClub', explains his inspiring story from homelessness to Business empire and discusses how he plans to help 1,000,000 people start an online business and make a living online.
When it comes to your credit report, there are probably a few things you’d like to see disappear. Doing this on your own can be incredibly difficult. It is incredibly time-consuming, and near impossible if you don’t know what you’re doing. If you’re having difficulty you should look into hiring a credit repair company to come in and fix things up for you. They can get your credit score back to a place that makes you happy and look good to financial providers. Let’s take a look at why it’s worth it to hire a credit repair company to fix your bad credit.
The three P’s of sustainability and ethical business – Planet, People, Profits – or the so-called ‘triple bottom line’ is one of those buzzwords you hear a lot right now. The theory is that your company should take all three elements into consideration when making decisions for a sustainable future.
Content creation has quickly become a powerful draw for those looking to shed the burdens of a nine-to-five job. The influencers touting their six-figure salaries, lavish lifestyles, and all the free gifts they are receiving also create a tempting image of what a career in content creation would be like.
As an entrepreneur and consultant, I’ve worked in 30+ industries, onboarding clients who were already past the start-up stage. Almost every company I stepped into had issues that mainly stemmed from becoming too big too fast. By implementing more holistic leadership, strategies, and management systems, startups can be in a much better position to prevent toxic practices from infecting and poisoning your company.