A quiet revolution is taking place in the workplace right now. Here’s why centralized, hierarchal corporate structures are out.
Tag Archive for Business Management
Hot Business News Today
Why every entrepreneur needs their own mentor
by Mark Wright • • 0 Comments
By Mark Wright on Small Business – Advice and Ideas for UK Small Businesses and SMEs
The internet is awash with help and advice for business owners. With all this information at your fingertips, is it worth having a dedicated mentor? The short answer is yes, without a doubt.
For me, the ultimate Apprentice prize was the opportunity to receive the 1-2-1 guidance and mentorship from Lord Sugar and his wealth of experience that came with it. Working in the same office as him for the first three years of my company taught me so many invaluable lessons that couldn’t simply be gleaned from reading a book.
In the business world, the power of a good mentor is a known fact, and the statistics back this up. CNBC reported that 91 per cent of workers with a mentor are satisfied in their jobs, while SCORE found that 30 per cent of entrepreneurs reported increased growth in their business after just one interaction with a mentor, rising to 43 per cent with five or more interactions.
With the likes of Bill Gates receiving mentorship from Warren Buffet, or Mark Zuckerberg from Steve Jobs, it’s clear to see there’s direct link between solid mentoring and high
Hot Business News Today
Why every entrepreneur needs their own mentor
by Mark Wright • • 0 Comments
By Mark Wright on Small Business – Advice and Ideas for UK Small Businesses and SMEs
The internet is awash with help and advice for business owners. With all this information at your fingertips, is it worth having a dedicated mentor? The short answer is yes, without a doubt.
For me, the ultimate Apprentice prize was the opportunity to receive the 1-2-1 guidance and mentorship from Lord Sugar and his wealth of experience that came with it. Working in the same office as him for the first three years of my company taught me so many invaluable lessons that couldn’t simply be gleaned from reading a book.
In the business world, the power of a good mentor is a known fact, and the statistics back this up. CNBC reported that 91 per cent of workers with a mentor are satisfied in their jobs, while SCORE found that 30 per cent of entrepreneurs reported increased growth in their business after just one interaction with a mentor, rising to 43 per cent with five or more interactions.
With the likes of Bill Gates receiving mentorship from Warren Buffet, or Mark Zuckerberg from Steve Jobs, it’s clear to see there’s direct link between solid mentoring and high
Hot Business News Today
Claiming back childcare costs
by Jo White • • 0 Comments
By Jo White on Small Business – Advice and Ideas for UK Small Businesses and SMEs
Childcare costs can’t be offset against business expenses but there are a couple of options available for help.
For both the self-employed and those in employment, individuals can receive 20 per cent of the costs towards childcare from the government. To qualify you need to open an account – go to www.childcarechoices.gov.uk to find out more.
The scheme is open to those earning under £100,000 and at least £142 per week who are not receiving Tax Credits, Universal Credit or childcare vouchers. Your children must be aged 0-11 or 0-16 if they are disabled. You, family members or employers can contribute to the account and for every £8 paid in, the government tops it up by £2. This means that, over the course of a year, you could receive up to £2,000 per child. Payments over the £10,000 threshold do not receive the additional government top up.
All families in England, regardless of income, receive 15 hours of free childcare or early years education for 38 weeks each year for children aged two. Some childcare providers will allow these hours to be used over 52 weeks so speak
Hot Business News Today
Transition to a net zero future with green finance
by fundingoptions • • 0 Comments
By fundingoptions on Small Business – Advice and Ideas for UK Small Businesses and SMEs
We all need to play our part to build a more sustainable future. SMEs, who are the lifeblood of the UK economy, will be a key player ensuring this occurs.
It’s in every business’ own interests to ‘go green’. Research indicates that £3bn savings can be realised by the SME community if it were to implement simple energy efficient measures.
Why is it important for businesses to go green?
In June 2019, the UK was the first major economy to pledge to end its contribution to global warming by 2050. Earlier this year, the UK also committed to the ambitious goal of reducing its carbon emissions by 78 per cent by 2035 compared to 1990 levels.
If the UK is going to achieve these pledges, all businesses will need to pull together now to make sufficient headway.
Collective responsibility
SMEs make up 97 per cent of the UK economy and contribute 25 per cent to its carbon emissions. Therefore, the UK won’t reach its net zero goals unless the SME community starts taking collective action today.
Future growth
As the world transitions to a low carbon future, customers will expect the businesses they interact
Hot Business News Today
Transition to a net zero future with green finance
by fundingoptions • • 0 Comments
By fundingoptions on Small Business – Advice and Ideas for UK Small Businesses and SMEs
We all need to play our part to build a more sustainable future. SMEs, who are the lifeblood of the UK economy, will be a key player ensuring this occurs.
It’s in every business’ own interests to ‘go green’. Research indicates that £3bn savings can be realised by the SME community if it were to implement simple energy efficient measures.
Why is it important for businesses to go green?
In June 2019, the UK was the first major economy to pledge to end its contribution to global warming by 2050. Earlier this year, the UK also committed to the ambitious goal of reducing its carbon emissions by 78 per cent by 2035 compared to 1990 levels.
If the UK is going to achieve these pledges, all businesses will need to pull together now to make sufficient headway.
Collective responsibility
SMEs make up 97 per cent of the UK economy and contribute 25 per cent to its carbon emissions. Therefore, the UK won’t reach its net zero goals unless the SME community starts taking collective action today.
Future growth
As the world transitions to a low carbon future, customers will expect the businesses they interact
Hot Business News Today
Are Untrained Managers Ruining Your Business?
by Amanda Haddaway • • 0 Comments
Only 28% of organizations and businesses prioritize investment in managerial talent, with vastly negative bottom line implications. How not to be one of them.
Hot Business News Today
5 ways you can increase revenue by using your extra space
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
SMEs have had a difficult time over the pandemic and want to boost their revenue as much as possible.
Luggage storage firm Bounce has five simple ideas to help you get more income and footfall with minimum effort.
Add a return bar service
A return bar accepts packages from the customers to ship back to the seller. They’re a point of contact for the customer – similar to the Post Office, but specifically for local businesses dealing with online returns. There are no set-up fees and it’ll encourage footfall into your establishment.
>See also: What can I do if an EU customer refuses delivery of goods sold and returns them?
Offer package acceptance
You could be the point of contact for the ‘sorry, we missed you’ postal slips. Accept packages on customers’ behalf and keep them safe until they can be collected. You can earn commission on every package sent to you.
Luggage storage
If you’ve got some space to spare, consider luggage storage. It could be a storeroom or a cupboard behind the reception desk – any storage space will do. You can sign up to a storage space service or a luggage storage company. Earn a commission
Hot Business News Today
5 ways you can increase revenue by using your extra space
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
SMEs have had a difficult time over the pandemic and want to boost their revenue as much as possible.
Luggage storage firm Bounce has five simple ideas to help you get more income and footfall with minimum effort.
Add a return bar service
A return bar accepts packages from the customers to ship back to the seller. They’re a point of contact for the customer – similar to the Post Office, but specifically for local businesses dealing with online returns. There are no set-up fees and it’ll encourage footfall into your establishment.
>See also: What can I do if an EU customer refuses delivery of goods sold and returns them?
Offer package acceptance
You could be the point of contact for the ‘sorry, we missed you’ postal slips. Accept packages on customers’ behalf and keep them safe until they can be collected. You can earn commission on every package sent to you.
Luggage storage
If you’ve got some space to spare, consider luggage storage. It could be a storeroom or a cupboard behind the reception desk – any storage space will do. You can sign up to a storage space service or a luggage storage company. Earn a commission
Hot Business News Today
Dragons’ Den: In which a Dragon is vanquished – review (S18, ep 10)
by Alice Feilden • • 0 Comments
Originally written by Alice Feilden on Small Business
As always, there’s high drama in the Den. Even Dragons cannot escape the pandemic, and Theo Paphitis stepped in to join the panel after Peter Jones was told to quarantine.
Perched on the edge of his seat for much of the show, an excitable Paphitis gave investment hopefuls the sharp-tongued once over, before turning down every single one. Oh Theo, how we’ve missed your kindly nature and natural munificence.
In all fairness to Paphitis’ indomitable spirit, this week’s episode was characterised by impressive ideas with bad business decisions.
>See also: Sara Davies of Dragons’ Den 7 tips for small business
First to the floor was Deborah Lockhart with Honest Blends, a company specialising in luxurious organic plant-based products. With an impressive corporate background in business development for brands including Tesla and BMW, Lockhart impressed the judges with her confident presentation. She asked for a £50,000 investment for 10 per cent of the business. Yet the sporadic range, including tealeaves, coffee, hand sanitiser, gin and bottled water made from sugar cane, confused the Dragons.
Sara Davies was concerned the multitude of products forebode problems for investors. “You’ve made me feel that you are all over the place,” she told