Why don’t we make anything anymore?
Elite Business Magazine
by Nick Dormon
1d ago
Generations of men and women were defined by their roles – fitters, machinists, putters (the people who assembled scissors). It was like their identity was stolen when Thatcher shut the factories in the 80s in favour of the city and North Sea oil. Whole communities in places such as Sheffield and Birmingham cast adrift wondering how they were going to make a living in this brave new world.  My mum comes originally from Falkirk in Scotland which was known the world over for its fine cast and wrought iron. Balustrades and railing, found as far afield as New Orleans and New Delhi, are the pr ..read more
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Women entrepreneurs revolutionising Scotland’s economy
Elite Business Magazine
by Angela De Souza
4d ago
The recently launched WES Manifesto for Accelerating Action on Economic Growth highlights the immense potential of women’s enterprise to add billions to the economy. Meanwhile, the Women’s Business Club is providing vital support and resources to female entrepreneurs, further driving economic change. The WES Manifesto identifies five key priority areas essential for fostering the growth of women-led businesses: dedicated business support, robust access to funding, access to care, financial inclusion, and mandatory assessments with data monitoring. These areas address the structural inequalitie ..read more
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Improving the visibility of female entrepreneurs
Elite Business Magazine
by Melissa Snover
4d ago
In 2022, women in the UK established over 150,000 new companies, more than double the number from 2018. Despite these advances, female entrepreneurs remain less visible than they should be. I have been fortunate to achieve some milestones as a female entrepreneur. In 2015, I developed build and launched the Magic Candy Factory, the world’s first FDA and FSA Compliant 3D food printer. More recently, in 2020, I raised a seed round for Rem3dy Health, which set a UK record for a female founder. Today, our personalised, 3D-printed nutrient-supplement brand, Nourished, is sold around the world and w ..read more
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Even successful business owners can suffer from imposter syndrome
Elite Business Magazine
by Judith Germain
5d ago
It seems like everyone is running their own business these days. In fact, at the start of 2023 there was 5.6 million small businesses in the UK, with a turnover of £1.6 trillion.  Imposter Syndrome is a subjective experience of perceived self-doubt in one’s abilities and accomplishments compared with others, despite evidence to suggest the contrary. It is most common in high achievers. In 2018 24% of Business Owners reported suffering from Imposter Syndrome. In 2022 this figure had risen to 78%.  This phenomenon (Imposter Syndrome) can mean Business Owners have increased anxiety beca ..read more
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The three big barriers bringing AI to a halt
Elite Business Magazine
by Kelly Goss
5d ago
That’s the message industry experts from the world of artificial intelligence (AI) shared with the UK Government at two recent invite-only events focusing on the early-stage adoption journey for SMEs. Industry experts attended 10 Downing Street to talk about how SMEs, the tech industry and leadership can collaborate to adopt effective AI. The UK Government sought to understand how this collaboration can drive the uptake of AI and to test its emerging thinking on its adoption. Many UK SMEs are overwhelmed by the development of AI technology, including how it can help them and their teams, what ..read more
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The changing requirements of a contemporary workplace culture: Understanding the impact of a major generational shift
Elite Business Magazine
by Dr. Lynda Folan
6d ago
Gen Zs are about 5% and will rise to 30% of the workforce by 2030. This shift is rapidly driving a significant change in the world of work with a specific emphasis on workplace culture. Neither Millennials nor Gen Zs tolerate unhealthy workplace cultures, and they are far more likely to demonstrate their lack of tolerance by simply going and finding another job. Gen Zs are also the first truly digital natives who have grown up with technology and social media. They exhibit a natural proficiency in using digital devices, applications, and online platforms. They adeptly use technology for commun ..read more
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Global market trends in venture-backed businesses
Elite Business Magazine
by Dax Grant
6d ago
The venture capital (VC) landscape is dynamic, constantly evolving to adapt to technological advancements, market demands, and economic shifts. While there are global trends, regional differences significantly shape how venture-backed businesses grow in the UK, Europe, the US, and the Asia-Pacific (APAC) region. Here’s a look at the key trends across these markets and how they differ. Rise of sustainable and Impact Investing UK and Europe: Sustainable and impact investing is particularly strong in the UK and Europe, with a significant push towards green energy and environmental sustainability ..read more
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How do you grow and nurture talent in your business? 
Elite Business Magazine
by Latifa Yedroudj
1w ago
Attracting top talent is always at the top of the list for growing businesses. This continues to pose a challenge for companies as employers seek to develop creative solutions to fill crucial positions and maintain productivity. However, it’s not just about attracting skilled workers, but also cultivating existing talent. By focusing on internal talent development, businesses can tap into the untapped potential of their employees, fostering loyalty and commitment while also reducing the need for external hiring. And one of the best ways to cultivate talent internally is through mentoring. Chel ..read more
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Are you listening? This is what happens to your business when you actively listen
Elite Business Magazine
by Kerrie Dorman
1w ago
According to Wikipedia ‘Listening is giving attention to a sound. When listening, a person hears what others are saying and tries to understand what it means.’  Creditdonkey.com found that we absorb as little as 17-25% of what we listen to. That is so little.  Why? When you listen to someone, they feel valued. The effects of people feeling valued are multiple and can include an increase in loyalty, a deeper connection with a healthy rapport and an increase of self-awareness most beneficially around individual strengths and weaknesses. All these things are key when conversing with col ..read more
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The future of work is like a doughnut
Elite Business Magazine
by Charlie Rogers
1w ago
Sprinkles aside, this shape reveals a new world of thinking about how both organisations and individuals engage with work. In the centre are the core activities that are low-risk, dependable and necessary for either an effective organisation or a financially independent individual. Surrounding this are the secondary activities that are higher-risk, one-off and situational, which often evolve into projects that can scale up and down to meet changing business needs.  For the organisation this doughnut reality means engaging talent can differ greatly depending on the type of work ..read more
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