Entrepreneurship is risky. Most entrepreneurs when they start out, are told time and time again that most business fail in the first 3 years. They are told it takes most of your waking hours to create a business, non stop motivation and a bit of insanity. Many entrepreneurs consider the option of getting involved in a trialled and true method of entrepreneurship, that is less risky, and with a clear plan and proved demand - sales cycle.
Employing an international workforce is becoming more commonplace today, even for new business and SMEs. However as smaller companies explore the opportunities that the global market can bring, the burden of understanding these markets from a managerial perspective becomes more tricky. Here are some of the things to consider when you look to expand or hire abroad.
Coming up with a business idea is one thing, but becoming an entrepreneur is something else entirely. No you don’t have to have a passion for what you are doing as so many entrepreneurs like to advise, but you do need to have the determination to make what you are doing work. You need to be able to execute your business idea, and the ability to focus on your priorities or you will end up with burnout before your even onto your first sale.
When approaching banking as a fresh entrepreneur, some entrepreneurs need to consider finding a bank that will meet, or help them meet their business lending needs, in order to jumpstart their business or manage cash flow. UK Banks have been promising a greater investment into SME lending in the next year, with NatWest investing an extra £1Bn to the UK SME market in 2019 and The British Business Bank aiming to invest £150m for lending to UK small businesses through Funding Circle.
All great marketers know of the ever growing importance of content.
Whether it is just to increase the SEO of your business, to showcase your company as an expert in the field or to engage with customers, content is key (not to sound cliquey).
Once your valuable content is online how can you get it out there for all to see?
5 PR Tips for entrepreneurs and SMEs to keep in mind for 2019
Understand that there are millions like you, all clamouring for attention. Journalists do not owe you their attention, you have to earn it through the merit of your story. Understand what your story is, where the tension and drama is, and why your mission is important...
By Rebecca Ball, Associate Director, Edelman UK
Getting workplace wellbeing right can deliver numerous benefits for companies - and results can become evident quickly. Positive effects include: greater staff loyalty and retention; increased productivity and creativity; lower absenteeism; stronger bonds between employees and employers and, ultimately, a healthier and happier workforce. Here are six simple ways you can boost wellbeing in your business.
When we look back at the past decade, we can see how influencer entrepreneurialism has just sky rocketed, with every young teen to late 20s adult trying to create and profit from building their own brand. Creating very real, but very fickle businesses, born of contacts, energy and popularity.