NEWS - ENTREPRENEURS & STARTUPS
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.Read more >>
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.
Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
Peterborough outperformed Cambridge for the number of startup businesses last year, according to data from the Office of National Statistics.
Cambridgeshire was found to have the slowest growth for start-up businesses, behind Hertfordshire, Essex and Bedfordshire.Read more >>
Liverpool has been voted the most entrepreneurial city, with a startup population of 16 per cent, according to new data from Companies House by Instant Offices. The research looked at the startup population of each city and compared it with the overall population.
Liverpool was found to have the highest population of startups, with over 57,000 new businesses being formed over the past two years. Birmingham was next with a start-up population of 14.5 per cent, with Manchester close behind at 14 per cent.Read more >>
Shared workplaces help startups to thrive, according to a survey by Regus, a company that provides global workspace.
Research showed that over 70 per cent of business owners and senior managers in Scotland believe that co-working is the best working environment for businesses that are just starting out.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
London has been named the number one city for start-ups in Europe, according to the European Digital City Index (EDCI), which was developed by charity Nesta in association with the European Digital Forum.
The analysis named the best cities for digital start-ups and innovation, and was created to provide a “holistic and local view across Europe, describing what ecosystem factors are most conducive to encouraging digital start-ups (and scale-ups).”Read more >>
Larger private companies already experienced the changes last year, and now SMEs face major changes to their financial reporting as new and revised standards for accounting periods come into effect.Read more >>
With many SMEs worried about proposed reforms to tax laws that could see them having to update HM Revenue and Customs (HMRC) fare more regularly than the current once a year, accounting body UK200Group has declared that this won't mean quarterly tax returns.
Andrew Jackson, senior partner at UK200Group member firm Fiander Tovell, emphasised "that the new rules that are being protested about have not yet been written."Read more >>
Work has begun on a £1million business hub in Plymouth. The project, which will transform a care home into a business and community hub, will help to create more jobs in the city.
Property services company Ian Williams will be converting the building and taking on two extra employees and two apprentices, as well as offering five work placements as part of the contract.Read more >>
Entrepreneurs should study their competition in order to learn about productivity and change their business for the better, according to entrepreneur John Rampton.
Rampton provided a number of tips in an article for online magazine, Entrepreneur, stating that he sees his own competition as “a bar set for me to jump over.”Read more >>
Sandy Kennedy, chief executive of Entrepreneurial Scotland, has called for Scotland to be made the most entrepreneurial society in the world. Kennedy expressed his wishes for a “new entrepreneurial mindset” in a contribution to an upcoming publication from Reform Scotland.
Kennedy said that “some of the UK’s best entrepreneurial leaders are operating successful multi-national businesses in and from Scotland.”Read more >>
Britain’s SMEs are expecting a rise in interest rates in the first half of next year, according to a survey conducted by accountancy firm MHA MacIntyre Hudson. The US Federal Reserve recently made the decision to increase bank base rates, whilst interest rates in the UK have remained at 0.5 per cent since 2009.
MHA MacIntyre Hudson’s poll found that over a quarter of Britain’s SMEs expect rates to rise in April next year, whilst 6 per cent expect a rise in January and 7 per cent from February. Around three quarters are expecting an initial rise within the first six months of 2016.Read more >>
Sion Barry has provided several tips for those planning to take the “entrepreneurial plunge” in 2016. Funding, investors and a good business plan were just a few of things that he highlighted in an article for Wales Online.
Barry, a business editor for Media Wales and presenter of the Business Show on Wales Online, advised entrepreneurs on how to set up their own business “in style” in 2016.Read more >>
The New Year will bring “new challenges and opportunities” for small businesses, according to the Federation of Small Businesses (FSB). John Allan, national chairman of the FSB, revealed his expectations for small businesses in 2016 in a statement.
Allan said that 2016 will be a “year of decisions, debate and change” and stated that small business owners are “flexible and ready to adapt.”Read more >>