Defined as a business with an average annualised return of at least 20% in the last three years - and with a minimum of 10 employees at the start of the period - scaleup businesses are those that demonstrate amazing levels of growth. According to the ScaleUp Institute’s Annual Scaleup Review 2018, the UK is now home to around 35,000 such businesses, contributing hugely to its economic growth and productivity.
Every day, people upload 4 million hours of content to YouTube, bloggers, businesses and brands publish 2 million blog posts, and the chattering masses fire out over six hundred fifty-six million tweets. The internet is a busy place.
Physical fatigue is easy to spot. You feel it in your bones, you see it in the mirror. Your body aches, you’re exhausted, and you just want to stop and lie down. Other types of fatigue are less easy to detect but can be just as debilitating - and these include decision fatigue.
In many aspects of life, it helps to follow the instructions. That pile of planks, poles and allen keys isn’t going to make a wardrobe unless you know how it all fits together. Instructions give you a process by which to achieve your vision - and helps it stand up when you put it into practice.
With another dramatic World Cup still fresh in our minds, what better time to explore the nuanced world of international business?
When Google launched in the late nineties, it was a simple search engine designed to make the internet easier to navigate. In 2016, Google is unapologetically an ad platform, with the Adwords pay-per-click (PPC) service generating a whopping 97% of its $73 billion sales in 2015.
For many businesses, PPC is an addiction; their sole means of generating web referrals, because they’ve turned off all other marketing activities.
It’s a risky game to play. While PPC is certainly making Google a lot of money, it doesn’t work well for all businesses. Cost-per-click may be as low as £0.04 in some areas, but the highest ranking keywords – those which attract the highest number of searches and clicks – can command fees in excess of £35. So, while PPC definitely can work for some, it can be an ineffective, expensive drain on resources for others.
Which leads to the question, when should a business adopt PPC, and when should they leave it well alone?
Managing an SME is exciting. Any business owner knows that the process involves ups and downs, but whatever stage you've reached, with good judgement and a little luck, you'll hopefully reach a point where you’ve got an established a foothold in the market.
Why be 10% better, when you could be 10 times better?
Gamechangers are disruptive and innovative start-ups and corporates, in every sector and region, reshaping our world, according to Peter Fisk, author of Gamechangers.
Gamechangers think and act differently. They win by being smart, fast and connected – rather than through scale and efficiency. They look beyond the sale to enable customers to achieve more. They care about their impact on people and the world. Ultimately they want to create a better world.
From strategy to regular health checks, we offer the complete guide to wellbeing in your business.
It is becoming clear that there are three key roles when running a business:
- Do whatever you do and make a profit
- Market whatever it is you do so that you gain and retain clients
- Look after your workforce so they perform as well as possible
When a company focuses on the wellbeing of its staff it will see a reduction in sickness absence and increased staff retention. As Cecilia Fritz from Sony UK Tec stated: “To be a high performance organisation with a high performing team we must focus on staff wellbeing.” Happier staff work more effectively because they are more engaged, they contribute more and they are less likely to leave the company.
Almost 8 out of 10 people regularly experience physical symptoms caused by stress. The cost of this for employers is around US$300bn every year in stress related health care and absences.
Stress-related presenteeism (defined as the lost productivity that occurs when employees come to work but, as a consequence of illness or other conditions, are not fully functioning) and absentism are costing employers more than AU$10billion a year.
As industry leaders, it makes sense for boards to tackle this costly issue. And the first step in doing so is to challenge how organisations, and society, have normalised and accepted stress. We actually expect we should feel stressed during certain circumstances e.g. tough market conditions, organisational change, busy times of year etc. For some professions it is almost worn as a merit badge of their commitment to success.