Why should you apply to the Startups 100 Index for 2024?
Startups
by Helena Young
2d ago
The Startups 100 Index is the longest-running new business index in the UK. Since 2008, our authoritative panel of experts has shone a light on 1,500 early-stage startups, including industry-giants like Monzo, Deliveroo, and Reggae Reggae sauce. Entries are now open for the 2024 index, and we want every entrepreneur to apply so we can make this our most exciting list yet. But, with so many awards out there, it’s hard to know which rosette will bring value to the entrant, and which will just make money for the organiser. This dilemma means lots of firms avoid applying altogether – missing out ..read more
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The power of nurturing leadership
Startups
by The Startups Team
2d ago
Elon Musk’s recent appointment of former NBCUniversal advertising boss Linda Yaccarino as the CEO of Twitter has sparked discussions on the merits and potential drawbacks of ‘provocative’ leadership. Yaccarino has stated that she’s ‘inspired’ by this style of leadership. It’s a mindset that certainly aligns with Musk's controversial management approach – which has recently included insensitive layoffs and concerns raised about the impact on employee mental health. Many are now watching to see what kind of leadership style will emerge in the coming months at Twitter. It's unknown whether a le ..read more
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Amazon will pay for hundreds of apprentices for online sellers
Startups
by Helena Young
3d ago
Amazon has pledged to create 750 apprenticeships within SMEs across England next year, including 300 roles for companies that sell on its store. As part of an £8m investment, the tech giant will fund 300 of the new roles at small businesses that own an Amazon marketplace business. The initiative is part of the Amazon Apprenticeship Fund. Amazon has been running its own apprenticeship programme for the past decade. It claims to have successfully onboarded more than 3,000 apprentices in the last five years. Participants will be given access to various training programmes, including marketing an ..read more
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A four-day working week has transformed our business
Startups
by Richard Parris
4d ago
At PR Dispatch, we recently transitioned to a four-day work week. We'd already been working half-days on Fridays since 2018, but, the workplace has evolved even further since then. The pandemic made it evident that the traditional 9-5 schedule may no longer suit our needs. With PR Dispatch embracing remote and flexible work policies, I decided to join numerous other businesses in conducting an internal trial of the four-day work week – reducing hours, without reducing pay. We all know that happy employees contribute to more productive days, and at PR Dispatch, this translates to having happi ..read more
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Unpaid invoices: over 50% of UK small businesses are paying the price
Startups
by Stephanie Lennox
4d ago
Over half of small and medium enterprises (SMEs) in the UK are still struggling with unpaid invoices from 2022, according to a recent survey conducted by NerdWallet.  The survey explored the experiences of SME owners, decision-makers, and freelancers in the UK regarding late payments and their effects on their businesses.  The results highlighted the increasing problem of outstanding invoices, with over half of the businesses still awaiting payment for invoices from the 2022 tax year. How unpaid invoices impact UK SMEs The survey revealed that late payments cause significant disrupt ..read more
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Here’s where all your staff are going (and how to stop them from leaving)
Startups
by Helena Young
4d ago
The last few years have seen thousands of UK job seekers switch careers as part of a mass wave of quittings dubbed the ‘Great Resignation’. Now, new data from Indeed has unveiled the industries with the lowest levels of staff loyalty, as employers continue to grapple with an unprecedented staff turnover rate. Below, we dig deeper into the findings to analyse the jobs that are proving most attractive to candidates, and what employers can learn from these magnetic sectors. Research suggests employees value pay and perks over passions Indeed tracked the numbers of jobseekers on its platform bet ..read more
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Here’s where all your staff are going (and how to stop them from leaving)
Startups
by Helena Young
5d ago
The last few years have seen thousands of UK job seekers switch careers as part of a mass wave of quittings dubbed the ‘Great Resignation’. Now, new data from Indeed has unveiled the industries with the lowest levels of staff loyalty, as employers continue to grapple with an unprecedented staff turnover rate. Below, we dig deeper into the findings to analyse the jobs that are proving most attractive to candidates, and what employers can learn from these magnetic sectors. Research suggests employees value pay and perks over passions Indeed tracked the numbers of jobseekers on its platform bet ..read more
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Four-Day Work Week: UK survey reveals high appetite, but confusion over pay
Startups
by Helena Young
5d ago
Almost eight in ten employees (78%) would be in favour of a four-day week, but are unclear what the policy looks like in practice, according to a new survey conducted by Startups.co.uk. In collaboration with YouGov, we asked a representative sample of 530 employees about their current attitudes to a four-day work week. By examining factors like gender, age, and job role, we were able to quantify workers’ attitudes to adopt a four-day week, including the arguments for and against implementation. Four-day work weeks have rapidly entered into the mainstream following a successful global trial l ..read more
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UK entrepreneurs now rank 4th in the world for economic impact
Startups
by Stephanie Lennox
5d ago
The UK is fourth in the world and second out of the G7 economies, in a new ranking of the impact of entrepreneurs on their overall economy from Shopify. The results were debuted in the Shopify Entrepreneurship Index, a new study that provides data and rankings on 40 countries around the world. It was conducted in partnership with Deloitte using data from entrepreneurs in the Shopify ecosystem and supplemented with data from IMF, OECD, and World Bank.  According to the index, entrepreneurs in the UK grew their exports by 8% in the last year at a value of over £3.2 billion, supported almos ..read more
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Banks are reining in SME lending, according to report
Startups
by Stephanie Lennox
5d ago
According to figures from small business lender iwoca, 77% of brokers said that high street banks are reducing their appetite to fund SMEs.  77% of brokers said that high street banks are reducing their appetite to fund SMEs British businesses are increasingly worried about access to funding, with new data showing banks are reducing SME lending 40% of brokers have seen an increase in applications for funding being rejected over the last quarter The retreat of retail banks from SME lending comes as the sector is already under pressure from proposed regulatory changes.  Fintech expe ..read more
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