Founding your first startup is no walk in the park. If it was, everyone would do it. There will be long nights of building your MVP and many times you’ll want to rip your hair out. But there will also be incredibly rewarding moments, and, chances are, you won’t regret taking the journey. If the thought of building your own business sparks a fire within you, it’s worth the hard work that goes into it.

It’s now been over a year since the first COVID-19 lockdowns hit, sending myriad companies hurtling into the unfamiliar world of remote working — and that time has proven very informative. On the whole, people have discovered that working at a distance isn’t the drain on productivity that many skeptics had claimed for so long, and the lack of time or money spent on commuting has left plenty of professionals determined to keep working from home in the future.

With COVID-19 restrictions constantly changing and evolving worldwide, many employees taking business trips to other countries, or already working abroad, have found that they are suddenly either banned from returning to their home country or not allowed to leave the country they have visited. Employers must ensure they are able to support employees who are stranded away from home.

COVID-19 has given rise to a mass adoption of technology. Many organisations have switched the office and physical meetings for Zoom calls, digitised their offline practices and undergone rapid digital transformation.

With a number of people using eCommerce for the first time and employees working at home, the costs of cybercrime exceeded $1tn in 2020, up 50% from 2018.

Virtual reality is no longer a novelty, but VR events are an innovation in the event industry and marketing. A virtual event is a potent tool for promoting your brand or for organising conferences and concerts. This is an entirely new project that allows you to hold an event while staying at home, despite emergencies, such as the 2020 quarantine or other events.

With the vaccine rollout continuing across the world and a potential end in sight to the COVID-19 pandemic, we have looked at three of the top payment trends businesses should get to know as life gets back to some normality and the hospitality, travel and other sectors start to open once again.

The PR industry continues to go from strength to strength with a steady 5% growth in 2020 and the five years previous to that. This demonstrates that organisations recognise the value that communications play in their overall business strategy. Consumer research has shown that 48% see journalism and earned media to be the most credible source of information.   

As we enter the ‘roadmap’ to recovery from the COVID-19 pandemic, businesses are reassessing their people operations. Some have adopted a ‘hybrid’ working model, allowing employees to split their time between working from home and from the office, and others have even given up their office spaces entirely.

Founded by childhood friends, Lucy Cohen and Sophie Hughes, Mazuma is a UK-based provider of online accounting services for small and micro businesses. As qualified accountants, the pair spotted a gap in the market in 2006 for low cost and stress-free accountancy which specifically serviced SMEs and the self-employed. Fast forward to today and the company is celebrating its 15th anniversary.

When you are building a plane in the sky - startup speak for tricky innovation in a tough environment - things slip. In the case of fast-growing businesses, important people priorities and processes fall down the agenda. Diversity and inclusion is one of them. It can be deprioritised by default, in a race to stay afloat, pay your teams and spend time on what will get you where you need to go, quickly.

Oil major, BP recently announced that 25,000 members of staff must Work From Home (WFH) two days per week post pandemic. As more firms transition to long-term remote working, evaluating and improving home office set ups will be critical to success. Here Kristian Torode, Director and Co-founder of business unified communications provider, Crystaline, looks at what companies should provide for their workers.

The last year has shone a spotlight on the long-term future of the UK’s business sector, its reliance on people and the need for business resilience. It was crucial to protect the financial security of consumers so that they could continue to conduct business with each other, and that was understandably Chancellor of the Exchequer Rishi Sunak’s priority, with the unprecedented introduction of Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS) and furlough schemes.

Networking. Some people love it, some people hate it. But everyone knows it’s essential if you’re setting up a new business. Or is it? Tell anyone that you’re setting up a business without any industry contacts, and they’ll raise their eyebrows at you. Wouldn’t it be better to get to know the industry first, they’ll ask? Shouldn’t you build up your network before diving in?

The year 2020 stands out as what you would call the banner year for remote work. While a good number of people worked remotely before that, the outbreak of the pandemic forced a major shift to remote work. People and companies that hadn’t embraced remote working had it rough trying to adjust to the circumstances.

Long COVID could have a big impact for employers for many months to come. It is a relatively new illness that is not yet fully understood and may keep employees from returning to work for indeterminate amounts of time.

If you own an up-and-coming startup, you need to find reliable, skilled workers - and freelancers usually fit the bill, especially because they come with flexible payment schedules. These employees can help your business navigate the initial stages to achieve success. That said, you should note that freelance workforces can be tough to manage.

For many businesses, acquiring new customers during the pandemic will have become much harder as a result of having to manage remote sales teams, customers tightening their spend and future economic uncertainty.

As CEO and Co-founder of the UK’s biggest free sharing app OLIO, it’s fair to say Tessa Clarke knows a thing or two about what it takes to start and grow a successful business. She has rounded up her biggest business do’s and don’ts for other ambitious entrepreneurs looking to build a successful new venture.

One of the most useful things any startup business owner can do is to attend as many relevant networking events as possible. Events allow industry movers and shakers to meet, mingle and explore new business connections, innovations and opportunities - which is of enormous value.