Misty W. Gibbs explores whether you need to fail or whether you just need a first draft...
Fail fast and fail hard. Fail early and fail often. This message is drummed into aspiring entrepreneurs, almost like a badge of honor. The essence of the idea makes sense; you need to make mistakes to learn. And mistakes are unavoidable – you WILL make them. I have yet to meet an entrepreneur or businessperson who doesn’t have an answer to: ‘If I knew then what I know now…’
Shweta Jhajharia explains why over two and half million UK businesses are unable to break the coveted £1 million threshold and highlights three areas that might just hold the key.
The majority of businesses never reach the £1M turnover mark – a level often used to benchmark firms. This is significant because most business owners, when they first started, envisaged not just a multi-million pound business, but a multi-billion pound business.
Statistically, only 4% of business owners ever reach the £1M mark and further, only 10% of these businesses (that’s 0.4% of all business owners) ever reach the £10M mark.
So the question is; what's holding back more than 2,500,000 businesses, across the UK, from crossing that coveted £1M mark?
Having worked with hundreds of businesses over the last several years, I have discovered that there are striking differences between the ‘micro’ business owner and the owner of a £1M enterprise:
On the 18th June, The Next Women reported on the shortlist for the Women in Logistics Awards 2014. Read more here. Well, a few weeks on and we now have great pleasure in being able to follow up on the winners.
Adele Woodthorpe of Woodthorpe Comms introduces Lorraine White of Hashtag Collective; a new men’s fashion brand, that gives emerging designers and artists a place to showcase their talent. Founded by husband and wife team Paul and Lorraine White, The Hashtag emblem represents strength, confidence and individualism.
My husband and I met at university and entered adulthood together! We know each other inside out. Two years ago, my husband and I decided that we would enter into business together.
In the autumn of 2011, we put our minds together and over a cup of tea, we came up with the concept of a business venture that we would enter into together. That day was the beginning of our journey as entrepreneurs and more specifically as business partners.
Style has always been an integral part of both our lives. More specifically, quality, tailoring, and customer service have always been fundamental to clothing and style purchases we make and we like to blend key designer pieces with high-end quality high-street pieces for our ‘go-to’ looks. This is what inspired us to start our own brand that focuses on doing just that.
Stephen Archer, Founder of Spring Partnerships, discusses what NEDs should do in the first 100 days to ensure success.
With the increased focus on the role and accountability of Non-Executive Directors it seems to me that their whole mindset needs to change along with the expectations of other board members expectations.
In my experience the NED is still seen as an outsider and NED’s also view themselves as outsiders.
Whilst their degree of detachment from the day to day life of a business can be a healthy thing, the detachment caused by episodic intervention can be very unhealthy and greatly restricts the ability of the NED to deliver value and exercise their governance duties.
The first 100 days is something of a cliché for executives, but for NED's it is assumed that they just step straight in with their ‘experience’; listen in and contribute when they see fit.
T. Keyzom Ngodup, a development entrepreneur and Country Technical Advisor on Financial Inclusion at the United Nations Capital Development Fund, talks to The NextWomen about what she learned from four daring women entrepreneurs and leaders in Papua New Guinea, and how the presence and successes of these women contribute to Papua New Guinea's overall inclusiveness and equity.
The spectacular resource-rich island of Papua New Guinea – with its high mountains, roaring rivers, fertile valleys and magnificent fjords – is colloquially referred to as the ‘land of the unexpected’.
From a GDP Per Capita of USD 654 in 2000 to its exponential growth at USD 2,184 in 2012, PNG’s Prime Minister Peter O’Neil also recently celebrated its 19 billion gas project’s first liquid natural gas shipment to East Asia.
However, human development indicators remain alarmingly low, at 147 out of 180 countries according to the UN Human Development Report. In midst, is the parlous position of women.
Be Brilliant Everyday is a down to earth, somewhat irreverent, practical collection of distilled pearls of wisdom collected from the relentlessly expanding sphere of self-help.
The advice is human and realistic and is very much a departure from the often touted, “all your problems solved route to health, wealth and happiness" material so prevalent in this genre.