When a business is first starting out, and there’s just a handful of people involved, collaboration tends to be straightforward. It’s hard for things to fall through the cracks when everyone’s across the detail and getting an update from another department is as simple as tapping a desk-neighbour on the shoulder.
Startups and Small and Medium Enterprises (SMEs) have an essential role to play in achieving global climate goals due to their agility, innovation, and potential to drive change in various sectors. As COP28 approaches, they must receive the support they need to thrive, argues Gabi Matic, Co-Founder and Director of Metta.
Extraordinary women from across the country have been unveiled as the 2023 finalists in the everywoman Entrepreneur Awards, UK’s longest-running recognition programme for female entrepreneurs. One of these amazing women is Jenny Garrett, TEDx speaker, award-winning coach, author, and Co-Founder of Rocking Ur Teens, who is a finalist in the Entrepreneur for Good category.
Extraordinary women from across the country have been unveiled as the 2023 finalists in the everywoman Entrepreneur Awards, UK’s longest-running recognition programme for female entrepreneurs. One of these amazing women is Catherine Mandungu, Founder and CEO of Think RevOps, who is a finalist in the Small Enterprise Category.
Shiti Manghani, COO of Find Satoshi Lab (FSL), talks to Startups Magazine’s Sheryl Miles about FSL's STEPN platform, its growth since its inception during COVID-19, the relevance of a digital trainers in today's world of increasing unhealthy lifestyles, and shares insights on the future of the Web3 industry.
The belief a business plan is unnecessary or useless for a startup is a common misconception which has detrimental consequences for aspiring entrepreneurs. A well-thought-out business plan is an important roadmap which not only helps guide the startup process but also provides a foundation for strategic decision-making and securing support from investors and stakeholders.
Every entrepreneur needs a large, engaged email list. After building it, the next step is personalised outreach. Remember, each subscriber is unique, with distinct demographics, lives, and needs. To keep them engaged and positively impact your bottom line, you must employ precise email segmentation.
Over the past eight years, fintech has experienced a remarkable surge, with disruptors challenging traditional finance and instigating a wave of customer-centric innovation. However, the fintech domain now confronts an unprecedented challenge, as it can no longer remain immune to a tumultuous and deteriorating macroeconomic environment.
The advent of accessible AI tools – such as ChatGPT - has led to a growing number of people experimenting with and adopting these technologies in their daily lives. As AI technology continues to evolve rapidly and become more widely used, these tools will likely remain part of our lives for the foreseeable future.
Companies with between 50 and 249 employees are at an above average risk of fraud, according to research by law firm, Foot Anstey. The survey of 1,000 senior managers across the UK revealed that 53% of medium businesses have had to act on fraud in the last year against a national average of 45%, and while the risk for businesses with less than 50 employees is lower, it is still significant with one in five having been affected.
Gone are the days when career paths were predictable and linear. Traditionally, carving out a career was a straight road, often with a single company or within one industry. It was the norm to start and finish your working life in the same job, climbing the ladder step by step – a testament to the value placed on loyalty and stability.
Many fintech startups today tend to implement exit strategies as part of their overall business plan. The highly competitive and constantly evolving market requires that innovative and ambitious companies have a strategy in place before their rapid growth pushes them over the edge of sustainability.
Lisa Franke, Founder, and CEO of Maxim VR, shares her compelling journey of breaking free with a young child from an abusive relationship and her unwavering commitment to building a nurturing virtual environment, blending VR, AI, and Peer-to-Peer support for children and teens struggling with mental health challenges.
Many budding entrepreneurs give up on their dreams because of the high startup costs. The good news is that you can launch many businesses with little money. All you need is perseverance, consistency, and hard work. Here are 11 ideas with low costs that can breathe life into your entrepreneurial dream.
By Lexi Martel, Co-Founder & CEO of DesDeck
In today’s digital environment, a great website is one of the most important ingredients of success. Your website is the face of your business, your shop window, and your catalogue, all rolled into one. Your website will say something about who you are, about your personality and values as a business. It is your chance to win the attention of your potential customers and convert their attention into sales.
WOLF Qanawat, the British audio entertainment communities app which I head up, recently launched its first customised AI Virtual Assistant, named Yasmine. The development marks a significant milestone for our UK-based startup, which has rapidly grown into one of the largest online communities for the Arabic-speaking market.
If you’re a small business owner looking to take on a new commercial lease agreement, you may be stepping into a world that you know little about. A business tenancy is very different to a residential tenancy, and it’s vital that you understand your rights and obligations before you sign on the dotted line, otherwise you could leave your business at risk.
Capterra, a leading software and services marketplace, has been instrumental in guiding organisations in their digital journey. With a sprawling network spanning over 900 software categories and providing access to more than two million verified reviews, it emerges as a crucial resource for enhancing productivity and fostering growth, especially for SMEs.
According to McKinsey’s The State of AI in 2023 report, 55% of companies have adopted artificial intelligence (AI) in some form, but fewer than one-third say that AI is used in more than one business function. This shows that, while AI adoption is steadily increasing, the applications of this technology continue to be underutilised by organisations globally.
In the dynamic world of startups, efficiency is not just a goal; it's a critical survival tactic. AI has emerged as a formidable ally in this quest, allowing growing businesses to scale operations, personalise customer experiences, and make data-driven decisions with unprecedented speed and accuracy.
In the ever-evolving landscape of entrepreneurship, emerging businesses often grapple with multifaceted challenges, from refining their business strategies to securing essential funding. To address these challenges effectively, a growing number of startups turn to the guiding hands of startup accelerators and incubators.
In the landscape of contemporary work, it’s clear that there’s been a fundamental shift from the traditional ways of working. Despite the strong opinions of government officials and influential think tanks, advocating for a return to office life as a means to fuel the economy, the reality of work has transformed dramatically.
The integration of automation has emerged as a vital force in reshaping revenue management strategies. While automation simplifies and expedites various operational tasks, it also empowers businesses to adapt and thrive in a market environment characterised by tremendous competition and constant change.
As an executive deeply immersed in future foresight and private-public partnerships, I'd like to highlight the pivotal role of empathy and active listening in navigating this dynamic landscape. In our relentless pursuit of more efficient, effective, and innovative solutions to the myriad complex challenges of our era, startups often emerge as beacons of innovation. However, they frequently find themselves facing resource and expertise gaps and fierce competition to gain access to the necessary support.
With almost 40 years of experience behind me and having owned eight businesses myself, I know that the reality for many business owners is that the first time they pay close attention to the financial side of the company is when they get in trouble, whether that’s that they can’t meet payroll, supplier bills are late, a huge customer leaves, or there is a huge unexpected tax bill or another seemingly catastrophic situation occurs… I am on a mission to prevent these mistakes before it is too late and give you the tools to prevent business situations that cause sleepless nights and worry.
Famous for its historical cathedrals, stunning beaches, and captivating capital city, Ukraine is a country of rich culture. Home to some incredible unicorns, including GitLab and Grammarly, Ukraine is the leading startup hub in Eastern Europe and ranked 49th globally. Well-known in several verticals including fintech, artificial intelligence and Blockchain, Ukraine has become a global defence tech hub offering game-changing products and solutions.
We all are pretty aware of the fact that the world is now standing face-to-face with numerous pressing environmental challenges requiring urgent action. Ecologists and environmental activists have done a remarkable job to bring these issues up for a global discussion. Climate change, deforestation, air pollution, uncontrollable amounts of waste, and other problems require a collective effort from governments, businesses, and individuals.
This is the first of a series of five technology briefings for Startups Magazine readers, in which we will be reviewing the fastest moving and most exciting fields to equip business leaders on how to identify trends that they can leverage in their own business and technology development plans. The series will cover AI, sustainability, security, and eHealth, but we start with the critical and frequently overlooked role of sensors.
Sometimes, successful startups don’t need to do anything new, they just need to do it better. HumanForest is one such a company taking that route. Rather than reinvent the wheel, they are seeking to make something that already works, better. Bike sharing. Sure, you’ve heard of it, from Santander Cycles to Lime bikes, they lounge on the pavements of major world cities and help everyone from tourists to company execs circumnavigate the city.
The idea of VR and exercise may seem either unfamiliar or incompatible to some, but the fact is the immersion VR offers can lend to some convincing scenery for avid cyclist to take a workout in. Imagine, it’s Monday, you live in central Paris, you get home from work at six o’clock; you’re a 25-minute, one-way journey from your nearest park, perhaps it’s also raining too. So many hurdles present themselves before you have even committed to go for a ride that for some, the easier option to not go may win them over.
There’s a Big Bang theory to economic growth, which goes much like the one denoting the origins of our universe. For tiny particles clustering together, take university spinouts. As they form into startups (atoms), eventually that concentration, over time, creates something far bigger, at a scale that was once unimaginable (stars and galaxies).
You’d be hard-pressed to find a small business in the Western world that isn’t utilising technology. Since the invention of the Internet and the rise of digital devices, tech has become commonplace across industries, transforming not only the way companies reach their audiences but also how they function at a base level.
Starting a business alone is quite a challenge, so founders prefer to do it in partnership. But there is a downside: you and a partner can end up with conflicts, and this will ruin the whole business. This means that you need to understand all the pros and cons of this decision and know how to avoid risks in advance.