LSBF Blog - Global Matters

Making the Jump to Entrepreneurship

February 19 ,2016 | by Aaron Etingen

Every entrepreneur, at some point in their career, will be faced with the same question: how can I be sure it’s the right time to give up the safety of my job and become a full-time entrepreneur? LSBF Founder Aaron Etingen helps solve this puzzle.

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BT to create apprenticeship and graduate jobs in the North West

February 19 ,2016 | by Helen Gould

BT is to create 50 apprenticeship and graduate jobs in the North West in 2016. The telecoms and TV company will employ around 1,400 apprentices and graduates in areas such as software development, cybersecurity, research and innovation.

The company said that it will be recruiting apprentices in Accrington, Ellesmere Port, Lancaster, Liverpool and Manchester. EE and Openreach, both subsidiaries of BT, will also be taking on new apprentices and graduates.

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Barclays finance scheme helps Leicester-based company to grow

February 19 ,2016 | by Claire Payne

A Leicester-based software company has recently received funding from Barclays, enabling it to go ahead with plans to grow.

Synety Group, a specialist software firm that provides cloud-based computer telephony integration for lawyers, accountants and recruitment companies, has secured a £900,000 loan as part of Barclays’ finance and innovation scheme.

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Edinburgh is UK’s second-largest hub for tech startups

Edinburgh is the UK’s second-largest hub for tech startups, according to Scottish Development International. Edinburgh was found to be the most active city in Scotland for startups, with 44 university startups and spin-outs being created last year. This makes it the largest hub for tech startups outside of London.

Research from FTI Consulting showed that Scotland’s tech sector raised over £85 billion in risk capital in 2014 and also produced its first “unicorns” (companies with a valuation that exceeds $1 billion) in 2015.

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Business leaders back calls for self-employed support

February 18 ,2016 | by Hari Sri

Business leaders in Lancashire are backing calls for the self-employed to receive more support. A recent study carried out by businesswoman Julie Deane showed that self-employment in the UK has reached an all-time high, with over four million self-employed professionals in the country.

Deane has now called for self-employed professionals to receive the same rights as company employees, stating that they should not be disadvantaged.

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Prince Charles’ charity searching for ‘ambitious’ social entrepreneurs

February 18 ,2016 | by Thiago Kiwi

Prince Charles’ Business in the Community charity is looking for ‘ambitious’ social entrepreneurs to take part in its annual programme. The charity is looking to support social enterprises by helping them to grow and create jobs in London and Northern England.

The programme, which is backed by BP, Asda and Interserve, provides many opportunities for entrepreneurs, including free advice from expert business leaders on subjects such as marketing, strategy and branding. Entrants of the programme will also receive training and discounts on office rates.

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Regus opens second business centre in West Yorkshire

February 18 ,2016 | by Claire Payne

Regus has announced the opening of its second business centre in West Yorkshire.

The new business centre is based in Halifax and will provide flexible workspace for start-up businesses and remote workers.

 

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Somerset business hub will help to boost employment

February 17 ,2016 | by Helen Gould

A new business hub in Chard is set to be given a boost by councillors. The £227,200 hub will be located at the Holyrood Lace Mill and will help to provide extra office space for businesses and more employment opportunities in the area.

The project aims to provide support for 12 start-up companies in the area and help the development of 30 other businesses. The hub is expected to create 15 new jobs.

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Businesses should consider training to reduce wage inequality, say experts

February 17 ,2016 | by Thiago Kiwi

Business experts have said that companies should consider training to “reduce wage inequality”.

The national living wage is set to increase to £7.20 an hour from April, but research from the Social Market Foundation has found that one in four businesses will face “significant productivity challenges” as a result of the change.

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More employers offering flexible work to attract talented employees

February 17 ,2016 | by Claire Payne

Over 60 per cent of employers are now offering more flexible job roles in order to attract the best talent, according to research carried out by Totaljobs. Almost a quarter of the 4,000 British jobseekers and recruiters surveyed said that job flexibility is more important than salary and career opportunities.

Over 60 per cent of respondents said that the opportunity of working from home is crucial for job flexibility, whilst nearly half stated that job sharing offers more flexible working conditions. 

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What it takes to achieve ACCA success

February 16 ,2016 | by Erin O’Neill

The Association of Chartered Certified Accountants (ACCA) is one of the leading international accounting bodies, and their esteemed ACCA qualification is highly sought after by aspiring accountants and future leaders in finance all around the world.

Comprising of 14 examination papers, it takes a hardworking, dedicated and passionate individual to successfully pass all of the ACCA exams. One of these individuals is Daniel Jheeta, 26, who studied and passed ACCA at LSBF, studying part time through both weekend and evening classes.  

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Digital literacy a “key requisite” in the workplace, shows YouGov research

February 16 ,2016 | by Hari Sri

Digital literacy is a “key requisite” in the workplace, according to new research from YouGov. The survey, which was commissioned by Capgemini UK, showed that young people in the UK are lacking the knowledge and experience required to be digitally savvy in the workplace.

Over 1,000 employers were surveyed, with over 80% agreeing that digital literacy is needed in the workplace, and 18% stating that young employees, whilst digitally savvy, are lacking the necessary digital skills required for working in a business environment. 

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Overwhelming response to Scotland female entrepreneur competition

February 16 ,2016 | by Erin O’Neill

A competition for budding female entrepreneurs in Scotland has received an “overwhelming response”, with 16 companies making it through to the finals.

Over 100 start-ups and established businesses entered the competition, which was set up by AccelerateHER, a company that focuses on women’s business development.

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Financial services amongst the best-paid marketing jobs, shows research

February 15 ,2016 | by Hari Sri

The financial services sector is one of the best-paying sectors for junior marketing professionals, according to research from salary comparison website Emolument.

Research showed that junior marketing professionals working for banks and financial services companies earn an average salary of £37,000 with a £2,000 bonus.

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Small UK businesses hoping to expand in 2016, says expert

February 14 ,2016 | by Thiago Kiwi

Small UK businesses are hoping to expand in 2016, according to Simply Business writer Jade Wimbledon. Wimbledon provided several predictions for UK businesses in 2016, listing growth as one of the top trends.

Recent research from Close Brothers Asset Finance showed that around 1.35 million SMEs are planning to expand over the new few months, with 20% believing that their business is performing well in the current economy.

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RBS opens business hub for budding entrepreneurs

February 14 ,2016 | by Claire Payne

The Royal Bank of Scotland has teamed up with Entrepreneurial Spark (ESpark) to open up a business hub for budding entrepreneurs at its headquarters.

The opening of the hub comes after it was announced that NatWest, which is part of the Royal Bank of Scotland Group, has opened a hub in Manchester to provide help for fledgling companies.

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UK digital businesses growing faster than other sectors, says Tech City UK report

February 13 ,2016 | by Helen Gould

The UK’s digital businesses are growing 32% faster than other sectors in the economy, according to research from Tech City UK.

The latest Tech Nation 2016 report, which surveyed 2,000 digital businesses, showed that the they had a combined annual turnover of £161bn.

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NatWest launches new business hub for entrepreneurs

February 12 ,2016 | by Thiago Kiwi

A new business hub to help entrepreneurs build up their business has been launched by NatWest. The company has opened the Entrepreneurial Spark business hub at its Hardman Boulevard office in Manchester.

Research carried out by market research company Populus for NatWest showed that 23 per cent of people in the North West wish to start up their own business, but over a third believe that the process is too risky. 

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Firm reveals plan for £20m business hub to boost Scottish economy

February 12 ,2016 | by Hari Sri

A new £20m Dundee Waterfront hub will help to create jobs and grow the economy, according to developers. Plans have been announced for the creation of a new city square, which will include a “Design and Innovation Quarter.”

The project is being developed by Our Enterprise and will help to provide opportunities for the city’s graduates and entrepreneurs, as well as hosting a variety of businesses. The development also aims to attract creative industries and provide extra jobs and living opportunities in the area.

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Business owners need to be “visible and engaged”, says report

February 12 ,2016 | by Helen Gould

Consumers are looking for business owners who are “visible and engaged”, according to a report by Brands2Life.

The report showed that British consumers are looking for more high-profile business leaders, such as Sir Richard Branson.

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Cambridge to tackle skills gap with Step Up project

February 11 ,2016 | by Erin O’Neill

Two groups in Cambridge have teamed up to form a new project that will help to tackle the skills gap in the city.

Whilst the city’s economy is growing fast, businesses have said that they are facing the challenge of attracting employees with the right skills. Young people are investing in higher education but are unsure of what their employment opportunities will be.

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Accountants are “resilient” to recession, says study

February 11 ,2016 | by Hari Sri

The accountancy sector is more resilient to recession than other employment sector in the UK, according to research from recruitment agency Randstad.

Research showed that the aggregate salary bill for the accountancy profession has increased more over the past 12 years than in other sectors, with a growth of 11.5 per cent, whilst the average wage bill for all professions in the private sector has dropped by 36.8 per cent.

 

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Over 5,000 recruitment start-ups launched in UK last year, research shows

February 11 ,2016 | by Claire Payne

Over 5,000 recruitment start-ups launched in the UK last year, according to research from Sonovate. 

The data comes after the Recruitment and Employment Confederation (REC) found that turnover in the recruitment industry increased by 9.7 per cent to £31.5 billion in 2015.

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What comes next for newly qualified accountants?

February 10 ,2016 | by Emma Felton

Many students finish their final exams and then find themselves intimidated by the prospect of entering the job market.

It can be a daunting situation, but entering the workforce can also be an exciting opportunity if you have planned properly. For the best results, you should begin to plan a few months before you actually finish your course.

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Economic growth strongest in West and East Midlands

February 10 ,2016 | by Thiago Kiwi

The UK economy grew at its fastest pace in the West Midlands and East Midlands for six months, according to a report by Markit for Lloyds Bank.

Research showed that output increased in January as the services sector performed well, but some areas, such as the North East, experienced slow growth due to job losses. Scotland was found to have experienced the slowest economic growth as a result of the oil price collapse, which has led to job losses. 

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