Even more bad news for entrepreneurs: the pound has plummeted to a six-year low of $1.5280. And it looks like there’s even more misery to come, with predictions that it will plunge as low as $1.40 early next year. “Currency fluctuation is becoming a major issue,” says JoJo Maman Bébé founder Laura Tenison.
At least entrepreneur Richard Barker still has a smile on his face. The founder of online industrial equipment marketplace Kitmondo.com has reported a stonking 39 per cent jump in listings in the past 60 days.
You wouldn’t think that there’d be much commercial potential in an 18th-century invention, but you’d be wrong.