LSBF Blog - Global Matters
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.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 >>
When it comes to university, there are two opposite lines of thinking. The first is that a university education is highly overrated - some people would advise you not to bother. Instead, just follow your own passion. This view is expressed seriously by very senior and successful people.
The second view is that unless you get into one of the top universities, you have a serious hurdle to overcome for your future career. Top universities are typically defined as institutions with the highest prestige in research and which select the most academically gifted students (usually defined by A-level scores). Many companies are quite open in telling people they will only recruit from top universities.
Both of these views are equally convincing - and equally misleading.Read more >>
With summer fast approaching once again, it’s almost time to decide how you will spend your summer break.
When you’ve spent most of the year writing assignments and preparing for exams, you may feel as though summer is the perfect time to sit back and relax. However, an increasing number of students are now using their summer holidays to gain an advantage over their future competitors in the job market.Read more >>
Volunteers in Somerset are helping to tackle unemployment in the area by forming hubs that enable people to learn the skills they need to get back into work. The hubs, which are held in Minehead, Watchet and Williton, will help to provide “longer-term solutions” for locals.
The hubs are particularly ideal for people out of work who do not have access to a computer or transport.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 >>
Nick Hollingworth, CEO of men’s fashion retailer Austin Reed, spoke to London School of Business and Finance (LSBF) about leadership, and the benefits of working in the retail industry.
Mr Hollingworth said: “The word that describes most successful leaders, and that most leaders would hope to apply to them, is the word inspirational.”Read more >>
How can a simple ‘ABC formula’ help lead your company to success?
LSBF Rector Professor Maurits van Rooijen, reveals, and explains how your business can use it to encompass aspiration, organisation and community building.Read more >>
Plenty of us will have a difficult boss during our careers. Here’s our survival guide for managing your manager.
There comes a time in every professional’s career when they notice that their manager is making life harder rather than easier. Most of us will encounter a bad boss at some point – and it can be very difficult to stand up for yourself, especially if you’re in the first few years of your career.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 >>
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.Read more >>
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.Read more >>
With entrepreneurship continuously growing, there are more and more new businesses being created every day – especially in London.
However, it’s a real risk if you have never run a business before: over 50% of new start-ups go under within the first three years. To avoid that, here are some important tips that every entrepreneur should be aware of when setting up their first business.Read more >>
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.Read more >>
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.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 >>
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.Read more >>
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.Read more >>
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.”Read more >>
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?Read more >>