This year I attended both the Conservative and Labour Party conferences in my capacity as Chief Executive of the charity Young Enterprise. It's now a couple of weeks since the conferences and I've had time to digest and reflect not only on what was achieved there but also where it was achieved...
This stems from a major difference between the Middle Eastern and Western cultures; in the UK, ecommerce leads the way, with consumers preferring the convenience and speed of browsing and ordering online to the hustle and bustle of the high street. In the Gulf, however, 'mall culture' remains dominant.
We are about to start using video interviews as an integral part of our screening process at the New Entrepreneurs Foundation. We have done this in order to increase significantly the number of people we can see (albeit virtually) before making an initial shortlist. As we are about to open applications for this year's group of New Entrepreneurs Foundation students, I thought it would be helpful to provide some tips on how to do a good video interview.
You know things are starting to look up with the economy when debate turns to possible interest rate rises. With recent unemployment and GDP figures suggesting the long-awaited upturn may well be here, it was with great pleasure that we were able to announce, at the launch of Global Entrepreneurship Week 2013, that entrepreneurs agree a new era is afoot.
In early September, 36 eager young aspiring entrepreneurs gathered at a location in Cheshunt, Hertfordshire, to start their year long journey learning about entrepreneurship. The cohort is the Class of 2014 specially selected to join The New Entrepreneurs Foundation programme from nearly 1000 applicants.
If you are poor, living at the margins of society and excluded from financial institutions, can you really save? Do you have any 'spare' money? And if you do, can you save enough to make a difference? We often assume the answer is 'No', but I speak from personal experience when I say that the answer to these questions is emphatically 'Yes'.
Young people are flocking in droves to become entrepreneurs. In 2010, 5 per cent of those under the age of 30 were starting up in business. By 2011 this had increased to 7 per cent. And last year, we'd reached 9.5 per cent - effectively a doubling of enterprise activity in the space of just a few years (see the graph below). Quite a remarkable feat by anyone's standards...
In a nutshell, the Review was full of sensible proposals with few surprises. This was a welcome recognition of the potential we have to drive growth through engagement with universities. It lacked any real "big bang" surprises, but if properly implemented, it's just possible that we will look back in this as a watershed moment.
Starting your own business is a personal journey you take that makes you question who you are and what you are doing it for. We all question out decisions and tend to overthink our intentions, but I believe that if you follow these five mantras, you can achieve great things for you and your business.