LSBF Blog | Global Matters – LSBF

LSBF Blog - Global Matters

Startups can avoid failure by ‘staying humble’, says expert

February 08 ,2016 | by Thiago Kiwi

Startups can avoid failure by keeping their feet firmly on the ground and staying humble, according to Sarah Bakai.

In an article for startups.co.uk, Bakai said that over 90% of startups fail, with some sources stating that more than half of new businesses fail in their first year. She said the causes of failure are “nearly always avoidable” and she provided several tips to help startups avoid becoming just another statistic. 

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New business hub in Walsall to benefit entrepreneurs

February 07 ,2016 | by Helen Gould

A new business hub is set to open in Walsall, providing more opportunities for entrepreneurs, start-ups and small and medium-sized enterprises (SMEs).

The 15,194 sq ft Citibase business centre will be located inside the Victorian Old Foundry, an historic building situated on Bath Street in the centre of the city.

Whilst the building has been refurbished to provide modern office space for up to 260 entrepreneurs in the local area, it has still kept some of its historic features, providing a unique setting for small and large businesses.

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Bristol named as the top city for start-ups

February 06 ,2016 | by Claire Payne

Bristol is the top city for entrepreneurs to start a business, according to research from University College London’s School of Management. The study looked at areas such as availability, cost of office space and broadband speeds to find out which cities are ideal for entrepreneurs.

Bristol was voted the top spot for entrepreneurs, scoring high for its fast broadband speeds, which were found to be above the UK average of 26Mbps. 

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Learning is not just a classroom thing

February 05 ,2016 | by Prof Maurits Van Rooijen

When we talk about learning, we usually imagine classrooms, books, maybe computer screens - but the most important form of learning is learning from experience.

This is a valuable key to success, and should be taking place every day in the workplace. It's a learning skill that can help to make you successful, so it's worth taking very seriously indeed.

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How to secure funding to run your own business

February 05 ,2016 | by Thiago Kiwi

In the ruthless world of business it can be a struggle to secure investment, and gaining funding for a startup can be arduous and disheartening.

Before winding up in the boardroom of a venture capitalist desperately trying to form a convincing pitch, you might want to plan ahead, adding in some key information that will be sure to pique their interest.

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How accountancy changed the world

February 05 ,2016 | by LSBF Blog Staff

Popular opinion often assumes that being an accountant is dull – but the impact that a good accountant can have on a business is immeasurable. Not only that, but accountancy has had a huge effect on the world in general.

Below are just a few of the contributions that accountants have made in shaping the modern world – pursuing a career in accountancy may well be more exciting than you thought.

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11 office buzzwords you need to stop using

February 05 ,2016 | by LSBF Blog Staff

It’s important to understand the ideas and trends that shape your industry, but there are some buzzwords that just don’t do anyone any good.

An overzealous employee with an endless supply of workplace jargon is something of a staple in the modern office- but no one wants to be that person. Overloading your speech with industry terminology can not only be annoying, but unnecessarily confusing.

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Lloyds Bank offers training for Liverpool entrepreneurs

Lloyds Bank and the School for Social Entrepreneurs will be providing entrepreneurs in Liverpool with the opportunity to make a social impact by offering a training programme.

The Lloyds Bank Social Entrepreneurs Programme consists of a start-up and scale-up programme. The Start Up Programme provides support to enable entrepreneurs to get their business up and running, whilst the Scale Up Programme enables entrepreneurs to grow a sustainable social enterprise.

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Business owners urged to understand importance of leadership

February 05 ,2016 | by Helen Gould

Business owners have been urged to understand the importance of leadership after a recent survey showed that over 40% of small and medium-sized enterprises (SMEs) do not offer their staff management training.

The Close Brothers Business Barometer surveyed UK SME owners and senior managers from a variety of sectors, and found that this statistic is despite a majority of businesses believing that strong leadership skills contribute to success.

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Digital technology crucial to success of UK businesses, says report

February 05 ,2016 | by Hari Sri

Digital technology is crucial to the success of UK businesses, according to a report titled Understanding Digital Natives by IT provider Computacenter.

The report, which surveyed over 1,000 employees and IT managers, showed that whilst 77% of employees in the UK find technology frustrating, over 80% of employees believe that it is crucial to the success of a business. 

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UK small business finance market is recovering, claims report

February 04 ,2016 | by Thiago Kiwi

The UK’s small business finance market is on the road to recovery, according to the British Business Bank’s Small Business Finance Market Report. The report showed that bank lending is still the most popular form of finance, with growth increasing for four consecutive quarters.

Figures also showed an increase of 43% in equity finance deals in small UK businesses up to October 2015, along with a significant increase in peer-to-peer lending.

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Norwich voted the happiest city to work in UK

February 04 ,2016 | by Claire Payne

Norwich has been voted the top city for work happiness, according to a survey by business psychology experts OPP. Ten cities were selected by UK workers for the poll, with Norwich being voted number one for its “strong local identity” and “strong sense of community."

Liverpool was voted second, with workers stating that it offers “friendly, collaborative, supportive people”, whilst Birmingham came in at number three for its “huge sense of optimism.” 

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Sage Live launched for UK accountants

February 04 ,2016 | by Hari Sri

Software company Sage has launched Sage Live for UK accountants and entrepreneurs.

The company stated that the product is designed to enable small and medium-sized businesses in the UK to easily manage their finances.

 

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Office dress codes: obsolete or essential?

February 03 ,2016 | by Erin O’Neill

Does a dress code still have a place in the modern office? As more and more companies move towards a more casual approach to business style, we investigate whether dressing for success really does help you get ahead.

Besides the time and money investment of upgrading your wardrobe, choosing the right outfit for work every day can present a never-ending swathe of dangers: jeans or no jeans? Are denim shorts ever appropriate? Is there such a thing as too formal for work?

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UK employment at highest ever rate, says DWP

February 03 ,2016 | by Claire Payne

Employment has reached a record high in the UK, with over 30 million people in work, according to the Department for Work and Pensions (DWP).

Unemployment in the UK has dropped to 5.1%, the lowest since 2006, whilst long-term unemployment has fallen at a rate of 25%, the lowest in six years. 

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Data privacy self-assessment tool launched for SMEs

February 03 ,2016 | by Hari Sri

A data privacy self-assessment tool for SMEs has been launched by the Information Commissioner’s Office (ICO) to help them ensure that they are complying with the Data Protection Act.

The self-assessment tool will consist of a single questionnaire or a selection of checklists which can be completed online.

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Lancashire businesswomen urged to inspire female entrepreneurs

February 03 ,2016 | by Erin O’Neill

Female managers, directors and business leaders in Lancashire are being urged to join a project to inspire young female entrepreneurs. The Oysters and Pearls project has been organised to help women achieve success in business.

The project, which is being supported by the North and Western Lancashire Chamber of Commerce, will launch on 8th March, on International Women’s Day.

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Finance sector sees salary increase, shows Mercer survey

February 02 ,2016 | by Helen Gould

Businesses in the finance sector cut staff bonuses but increased their salaries last year, according to a survey by consulting firm Mercer.

Banks, insurers and investment managers cut bonuses by around 5% whilst increasing salaries by more than 5%. The research follows recent news that fund managers are fighting to block bonus cap extension.

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New study shows what makes entrepreneurs successful

February 02 ,2016 | by Claire Payne

A new study has shown the methods that successful entrepreneurs use compared to those who fail. Software company Zero carried out the research, surveying 2,000 entrepreneurs across the US and UK. All of the respondents were owners of small businesses with 20 employees or less.

The research provided some surprising results, showing that the habits and practices used by entrepreneurs to achieve success are not ones that people would expect.

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Budding entrepreneurs need hands-on experience, say Pro UK Consultants

February 02 ,2016 | by Thiago Kiwi

Budding entrepreneurs need first-hand experience, according to marketing firm Pro UK Consultants. Whilst online entrepreneurship programs have grown in popularity and are a hit with employers, Pro UK Consultants voiced concerns that they may not add value to those looking to become an entrepreneur.

The Birmingham-based company, which focuses on providing support for young entrepreneurs, stated that the only way in which budding entrepreneurs can fully understand the challenges of running a business is to experience it first-hand rather than studying an entrepreneurship course online. 

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Digital workshops to help small Essex businesses

February 01 ,2016 | by Erin O’Neill

Several free workshops are being launched to help small Essex-based entrepreneurs build up their businesses.

The workshops will focus on the importance of businesses having high-speed broadband, as well as covering other areas such as competitors, business promotions, social media, online sales, how to attract new customers, and blogging.

 

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UK economy improves in fourth quarter, according to ONS

January 31 ,2016 | by Hari Sri

The UK economy showed improvement in the three months to December with a growth of 0.5%, according to the Office for National Statistics.

Overall growth in 2015 was 2.2%, a figure that was predicted by the International Monetary Fund (IMF). Whilst the annual growth rate has been slow over the past few years, the UK economy is still one of the fastest growing of the developed nations.

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Wales is top spot for businesses in finance sector

January 30 ,2016 | by Thiago Kiwi

Wales is the UK’s top spot for business growth in the finance sector, according to research from accountancy firm, Nixon Williams. The number of start-ups in the financial services sector increased by 11.2% in 2015, higher than in any other location in the UK.

Research showed that the total number of financial services businesses, including services such as banking, fund management and insurance, rose from 2,400 to 2,695 between 2014 and 2015. Scotland came in second, with an increase of 10.9% since 2014, whilst London, north east England, Yorkshire and Humberside reached third place at 9.7%. 

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Management accounting skills in demand in Grimsby

January 29 ,2016 | by Helen Gould

Grimsby has become an ideal location for those looking for a career in management accountancy.

Members of the Chartered Institute of Management Accountants (CIMA) in the Yorkshire and Humber area earned almost double the UK national average salary in 2015.

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Bloomberg publishes list of most innovative UK startups

January 29 ,2016 | by Hari Sri

Bloomberg has published a list of the most innovative startups in the UK. The list, titled “Business Innovators 2016”, was selected by a panel of judges along with Bloomberg Head of European Technology News Nate Lanxon and Bloomberg Television’s Caroline Hyde.

The panel comprised ten business experts, including finnCap Ltd founder and CEO, Sam Smith, and ENTIQ Managing Director, Eric van der Kleij. 

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