Monthly Archives: October 2020

Hot Business News Today

Are we witnessing the death of the events industry?

by  •  • 0 Comments

Originally written by Natalka Antoniuk on Small Business
As we know, the events industry is suffering at the hands of Covid-19. Let’s not dwell on that.
The #WeMakeEvents campaign has proven the strengths of the industry. The events workforce is highly confident that, in time, the events industry will thrive again. Until then all they can do is wait and hope that the government recognises its value.
But what about those companies that can’t wait?
An industry survey conducted by Feast It found that 61 per cent of businesses operating within the events industry have six months left to survive. Most of these businesses have not raised an invoice since March.
This might be why they are throwing everything they have at what was once believed to be a passing trend. Virtual events have dominated the lives of many event planners this year. And now businesses are adapting their product offering to tailor towards this niche.
As the UK’s most popular venue, ExCel London, announces the opening of its virtual event studio, can we assume that this marks the end of the events industry?
First to close
The events industry was the first to be shut down. In March, when Boris Johnson announced a ban on mass gatherings,

Read more...

Hot Business News Today

What winning The Start-Up Series meant for me – Phil Daneshyar, Kanda

by  •  • 0 Comments

Originally written by Timothy Adler on Small Business
Electrician Richard Fleeman had a problem. As an electrical contractor, a client he’d completed work for had gone bankrupt, leaving him £20,000 out of pocket. Was there a way, he wondered, for tradespeople such as himself to make sure they got paid once the work was done. He talked it over with his cousin, Rob Gallagher, who happened to be studying astrophysics at the University of Cambridge. The pair came up with a digital platform which would be an escrow account for tradespeople using cryptocurrency; the money would be released once the job was completed.
Richard and Rob brought in their friend Phil Daneshyar, who’d already had experience as an entrepreneur, going on Dragon’s Den in 2017 – the year he left the University of York – to pitch a device which monitored your water consumption. Although the dragons held on to their cash, California-based 11 Health licensed the technology to monitor how dehydrated chronically ill patients were.
The trio launched the website Tradesmart last December and, later that month, won £150,000 worth of investment from The Start-Up Series Fund through Worth Capital.
>See also: What winning The Start-Up Series meant for me – Scott

Read more...