LSBF Blog - Global Matters
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 >>
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.Read more >>
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.Read more >>
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.Read more >>
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.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 >>
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.
Read more >>
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.Read more >>
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%.Read more >>