Many of the world’s most successful entrepreneurs claim they’ve learned their best life lessons from making mistakes and bouncing back. But that doesn’t mean that expensive errors should be embraced. Spotting problems early on and better understanding the challenges ahead can help limit the cost and potential damage when things don’t go as planned.
“To me, ideas are worth nothing unless executed” - Steve Jobs. You know you have an incredible idea with which you could disrupt the market. But to do that, you need first to transform it into a software product. And you're possibly wondering what the starting point is, and at what stage you need to take to the market. You're worried because you know of people who did not make an impact despite their great idea. These thoughts are but natural and every entrepreneur goes through them.
The Coronavirus pandemic will change online behaviours significantly and possibly permanently both for consumers and businesses. People have been forced to access information in new ways, interact and purchase new and different products and services online, and the longer this continues, the more likely these are to become habits.
THE Covid-19 pandemic has made logging on to Zoom and Microsoft Teams part of a new daily working routine for millions of Brits. The use of the video-calling tools has exploded in the past fortnight with people following Government advice to stay at home. But there are increasing fears at how this key tool for home-workers is bringing new dangers.
Running your own business is not an easy thing. We know this. Everyone knows this. I am not saying anything revolutionary when I make this statement. But why is it hard? Well, to maintain financial and psychological wellbeing is tough for business owners but they’re not exclusive in feeling these worries, many employees also find maintaining financial and psychological wellbeing to be tough.
As the coronavirus pandemic continues to disrupt and dominate our lives, feelings of anxiety are completely normal during times of uncertainty and in some cases isolation. Everyone will be impacted in a different way and it is important to remember that you are not alone. Already there are so many stories emerging of human kindness and compassion and people pulling together to help and support each other.
The coronavirus pandemic has turned off the lights in millions of offices, factories and shops across the UK. But for many businesses who have switched to home-working the cost of their now empty property will still need to be met. And that dilemma is now causing growing concern among businesses – many of whom have seen revenue totally stop in the wake of the Covid-19 crisis. Today one of Britain’s leading law firms has advised companies with concerns over meeting the cost of commercial leases to hold 'sensible' discussions with landlords as quickly as possible. Harper James Solicitors also advise firms yet to get a plan in place to do so – before it is too late.
Upscaling can be a daunting task for any business, many will find it difficult to step outside their comfort zone or be reminded daily the risks with investing in new opportunities. While this approach may work in our personal lives, it can be detrimental to new business opportunities as well as the entrepreneurial mindset when it comes to upscaling your business.
These are strange times, unsettling times, and if I am honest this is not a normal question that I overhear much in more normal times, but recently THE question that I keep hearing is ‘do I have to work remotely and what does that mean for my customers?’ or, put another way, ‘does remote working have to mean working remotely?’
Any business at any stage of its life must be able to adapt and change to changing circumstances. One of the very real benefits that early stage businesses have is that they are small and fast on their feet and are therefore perfectly structured to be able to react swiftly to changing circumstances.
A startling statistic from the European Commission’s: when it comes to European startups, 83% of startup founders are male. At the European Institute of Innovation & Technology (EIT), we want to see more women entrepreneurs: more female ownership of startups, and more businesses owned by women. It’s about equality and social inclusion, it is also about a good economic sense and using Europe’s biggest untapped entrepreneurial talent pool - women.
Some people are afraid of networking and others love it! It is true. We have all come across people that love nothing more than going to networking events and chatting to as many people as possible – some of these really get the benefits that good networking can bring to them and their business, and others simply love networking because it fits their outgoing personality.
For the whole of August, I embarked on a smartphone detox. There were a few reasons as to why, but the most prevalent was a worry around burnout. For the past 18 months I’d be working hard setting up and growing Shine Workplace Wellbeing, while also ensuring I was spending ample time with my two young sons.