Banks failure deserves punishment, success & failure in business is close together

Banks failure to support small business deserves punishment, say MPs. The Government did not do enough to punish taxpayer-backed banks when they failed to hit targets for lending to small businesses, MPs have said today. The London Evening Standard is saying that a report from the Public Accounts Committee (PAC) has revealed that The Treasury […]

Financial problems grow, Flip Cameras no more & the top 100 tech businesses announced

The number of UK firms showing signs of serious financial problems is growing as customers tighten their belts, says a report produced by corporate turnaround specialists Begbies Traynor, published by the BBC today. The report shows a 15% rise in firms suffering “significant” or “critical” financial distress in the first quarter of 2011 over last […]

The UK Parliament – engaging with the needs of SMEs

There is much criticism that politicians are out of touch with people who run small and medium sized business across the UK. We asked Lord McFall of Alcluith, who was the Member of Parliament for Dumbarton and the West Dunbartonshire between 11 June 1987 and 12 April 2010 to explain how the UK Parliament is engaging with SMEs to learn from them and offer them as much help and support as they can to help then grow.

If even the Olympic Stadium will be ‘recycled’, why is there still so much waste in business?

Even though the Olympics haven’t taken place and construction of the Olympic Stadium isn’t yet finished, the flagship stadium has already been allocated to West Ham Football Club for use after London 2012.

I for one am relieved that West Ham won the bid. Not because l’m a die-hard ‘Hammer’ but because they appear to be wasting a lot less of the stadium by keeping the athletics track than the other hopeful club, Tottenham, would have done by re-building it as a football-only venue.

How much does a web start-up really cost?

In 1884 Thomas Marks opened his first market stall in Leeds. Over the next few years he opened 20 other stalls around the UK. In 1894, Thomas Spencer invested in the business and retail chain Marks & Spencer (M&S) was born.
From humble beginnings, M&S became one of the UK’s biggest success stories and was the first retailer to make a pre-tax profit of over £1 billion.
Companies like WH Smith, Woolworth’s and AMSTRAD all started the same way, so it would seem that in order to make it big, you should start small. Can the same thing be said of the web? Andy Budd, managing director at Clearleft investigates.

If it’s free, does it have value?

I was recently fortunate enough to be asked to join a panel of experts to debate the role of LEP’s.
While on stage, the discussion touched upon the demise of Business Link and the plans to centralise this business support service as well as introduce 40,000 free business mentors. It was reported, or rather tweeted, that I called the government’s new mentoring scheme ‘bizarre’ and asked whether you ‘trust a mentor who was free?’ I did say those things… so perhaps I should explain my concerns.

How to Kill the Competition

Killing the competition may be a controversial description of how a market economy works, but there is some truth in using the analogy of war in a business context. Those of us who have been on the losing side will certainly recognise the metaphor. In fact, the term “creative destruction” is now commonly used by economists to describe one aspect of capitalism.