Productivity. It's a word that strikes boredom into the heart of the majority of people. And I'll grant you, it's hard to get excited about a measure of input versus output value per worker, per hour. But it is a vital measure of how we're doing as a country. And since the economic crash, productivity in the UK, and many Western economies, has been absolutely dire and shows little sign of sustainable growth in the future.
Goals give entrepreneurs a direction and the motivation to achieve something. If we pick a goal that blocks us however, we might get there in the end but it will be a hard slog and can lead to bad decisions or inactivity. When we begin to feel overwhelmed and things feel more difficult than they should be, it's at this stage that it helps to question what really motivates us and our beliefs.
Everyone likes to call themselves an entrepreneur, but is there really truth in it? There's a big difference between someone who shows entrepreneurial skills such as innovation, creativity and competitive acumen and the guy who runs a successful car dealership franchise. Both are working for themselves, both want to call themselves entrepreneurs, but are they? Here's how to spot the difference.
At a time when a lot of the conversations reaching young people are that its hard to get a job and build a career, it should be businesses inspiring the next generation by teaching them the things they need to know and how to be entrepreneurial. Empowering young people to believe in their ideas and their potential should be at the core of businesses everywhere. Yeah I needed to take a leap when I decided to build SB.TV into a business; there was a lot of risk involved. But it was the best decision I ever made. Just think of the potential if some of the world's biggest businesses made a promise to encourage entrepreneurial skills in young people - more jobs, more innovation, more economic growth.
Dear Labour Party, The past three weeks have not been happy ones. As a previous life-long supporter of the party who voted Conservative for the first time on May 7th, I hope the following to-do list is constructive. A strong Labour party is vital to an effective, healthy democracy and to ensuring that the Conservatives deliver on their election promises. So here are five next steps:
Unemployment, nepotism, high taxes, small internal market, obstructive and dysfunctional public sector, low liquidity and lack of willing investors construe a hostile environment for professionals in a financially struggling Greece. Despite all adversities, three young people defy all odds, lead by example and serve as "beacons" of hope.
This week Sajid Javid announced new measures to support entrepreneurs and job creation in his first speech as Business Secretary. Cutting red tape by £10billion would make an almighty impact on the growth of small businesses and I hope this rhetoric has lit the flame for a future all-encompassing entrepreneurial Britain. This is the start of a very exciting journey for us all.
Eric Ries, in his book "The Lean Startup", states that mistakes are beneficial to the development process of a new business. However, he says that it is important to fail as soon as possible and to learn as quickly as possible! In other words, entrepreneurs should keep their failures small and should also eliminate them while they are not creating bigger problems..