Despite dozens of initiatives over the decades, Britain’s innovation culture remains a problem. Great ideas get stuck never making it out of research journals, and potentially great companies flounder because inventors lack the skills necessary to be successful entrepreneurs.
Following February statistics revealing that one in seven workers wanted to be self-employed, City Breaks in Newcastle tried to find out what exactly made being a business owner so appealing.
With inward investment into the UK food and drink industry at a three-year high, and Kraft Heinz’s short-lived Unilever takeover bid fresh in the minds of consumer and FMCG business owners, private equity funding is an increasingly viable option for many fast-growth firms.
An investment pitch is a personal interaction, and a potential investor will be looking at you as much as at your idea. But too many budding entrepreneurs focus on themselves (the right clothes, the right hair, the right tone of voice) at the expense of preparing their business idea.
When your business is seasonal, planning ahead is crucial. With that in mind, here’s a few tips to get you started this year.
As part of the Business Broadband section we’re introducing our resident troubleshooter, who will not only be writing advice articles on how you can make the best of the broadband you have, but also take on business broadband questions from the public.
It’s not as if customer relationship management (CRM) solutions are anything new – many organisations have invested in it. The purpose of that investment has been anything from having a basic systems of record through to serving customers better. So what has changed?
Intellectual property represents up to 70 per cent of a company’s value, and spend on the creation and protection of patents, trademarks and other intangible assets is rising fast. Yet the true worth of IP remains difficult to accurately measure.
Online travel business Expedia has opened a Usability Lab in London to tackle customer frustration and get a thorough grasp of consumer behaviour across its numerous apps and websites.
Big businesses such as Nokia and Milka have slipped up with translation fails, so smaller businesses must make sure enough research is done in new markets.
About 15 years ago I was carrying out my day job on the Barrier Reef, acting as a human shield between shark and holidaymaker. Fast forward to today and I may have swapped wetsuits for boardrooms, but I’m still helping people get close to rare and exotic creatures, not sharks in this case – customers.
A digitally enabled global market, better access to funding and increased support for entrepreneurs is good news for growing businesses. But the reality of expanding to new places can also be littered with hidden challenges.