Before you can begin to hire a team, it’s vital to have an understanding of the laws and principles around employment as a whole, and to have checked your business is ready to take on employees.

Global compound growth rates of robotics, automation and AI companies are expected to grow by more than 40% per year, with revenue generated by these companies reaching $237bn by 2022 according to some estimates and $498bn by 2025 according to others.

In today’s fast-paced world, standing still is no longer an option. As your business grows and develops, it’s more important than ever to help your people upgrade their skills and adapt to new ways of working.

Few industries have felt the impact of technological disruption more than the banking sector. Over the last few years several new kids on the block have emerged to take their seat at the top table and muscle in on the activities of the high street giants by specialising in areas that are being underserved.

The business industry is constantly changing, so it’s imperative to stay at the top if your game in order to keep profits increasing. With businesses always competing for customers, it can be difficult to break through the noise and become a successful and established brand while continuing to grow.

Psychotherapist Noel McDermott is an expert on mental health in the workplace and runs Mental Health Works Ltd. He works alongside employers providing wellbeing in the workplace advice and solutions, teaching them tools to keep staff healthy.

Just as last week’s Mentor’s Journal led me neatly into my article, 'The Power of Networking', so this week started off very much in the same vein with all my early meetings either coming from existing relationships in my network, or me utilising my network to join some dots together. 

New data from SeedLegals, the UK’s largest legal platform for startups, has revealed a rise in the frequency of smaller funding rounds for UK startups, with a tech-enabled model of ‘agile funding’ enabling companies to raise money on-demand.

Welcome to the first of a periodic series of articles that will take a more in depth look at some of the topics that make frequent appearances in my Mentor’s Journal series.

As part of this weekly series 'Funding the Wonderful' in partnership with Crowdcube, every month we will showcase a handpicked selection of five startups which are raising on the Crowdcube platform.

We’re all familiar with the stigma surrounding the process of buying a second-hand car. The perilous pitfalls associated with used cars and their salespeople were made infamous by the dodgy wheeler dealer Arthur Daley in the 1980s TV show ‘Minder’.

Five years ago, I made the bold decision to leave the world of corporate business behind and launch my own startup. Make no mistake about it – this was not a decision taken lightly, as I was all too aware of the success rate – or, rather, the high failure rate – of startups during their formative years.

Despite constantly evolving, women are still under-represented in the tech sector – a problem even more acute in fintech, which is typically male-dominated. But as a woman with an eye on fintech markets across Europe, here’s how we can tackle the issue.

This week was quite typical in that it was an unusual mix of many of the things that I get involved with as a mentor and that I have written about in the past. There was some international, some regulation, some cyber security, lots about women in business, and yet again on advisory boards and raising finance.

For many startups, the process of fund raising can be quite daunting. What method of raising do you use? How long is it going to take? To say nothing of the fact that it’s the time when founders and entrepreneurs have to stick their necks out and ask other people to invest and commit to their vision.

One thing that I have learned over the years is the importance of cooperation and working with the right partners, and this has only been reiterated during my activities as a mentor. By working with others that have skills or experience in areas that you do not, then 2+2 can, quite literally, equal 5.

Sounds like a simple question, doesn’t it? And yet a fundamental lack of understanding in who your customer is, where to find them and what they think or feel is often one of the most common mistakes businesses can’t afford to make, but do.

The demands, challenges and risks that come with running a small business can bring personal pressures and impact on health and wellbeing.

The world is over-populated and growing, warming at an unprecedented rate due to categorical human factors, and only now are we beginning to see the climate emergency for what it is. Greta Thunberg, and Extinction Rebellion are leading the way.  

So, you’ve had a great business idea, you have thought it through, built a business plan and a strategy and you believe in it so much that you now want to turn your idea into a reality.