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Embracing The Digital Future With Co-Innovation

Digitisation is relentlessly permeating all areas of life and business, changing them for ever. Financial institutions too are having to deal with the consequences and opportunities that come with digitalisation: new technologies, new customer behaviour and the disruptive force of fintechs. Being open to change and new technologies is vital for those organisations that want to successfully tie discerning customers in the digital future and remain being their preferred bank. Technological Integration & The Omnichannel Approach Unlike new market participants and fintechs, which have used digital processes right from the outset to provide their customers with their offerings, it is important for many of the established banks to integrate the new digital banking opportunities into their ex......

How To Start A Business When You Have A Day Job

You wouldn’t be reading this article if you weren’t potentially interested in starting a business, or if you didn’t have that little bug in your mind that starting your own business might be something that’s for you. While this can seem a daunting prospect, it’s important to emphasise that anyone can start a business. There’s no limit on age, and there’s no limit based on the history of what you’ve done so far. Look at Colonel Sanders of KFC – he started when most of us would be drawing a pension. Many potential entrepreneurs consider the idea of starting a business while maintaining their full-time jobs. This isn’t for everyone, but it does have some pros. So, what should you do to start your business while employed? First things first, you need to make sure the paperwork is in order and ......

People, Culture And Market: 3 Keys To Building A Company With Staying Power

For anyone who has followed the technology sector for the last few decades, building a lasting company in this industry is not easy or common. So few are built to stand the test of time. In fact, the failure rate is upwards of 70% for the average tech start-up during the first part of this decade, which is a stark reminder that success is the exception, not the rule. For a new company to work, and work well, there are many things that have to go right (and, quite often, some good fortune doesn’t hurt, either!). In my view, there are three keys to building a lasting technology company, one that can ride out the waves of highs and lows that are hallmarks of not just the world of start-ups but the world of high-tech, in particular. 1. Get The Team Right People are an organisation’s most impor......

Is Your Accounting Software Tax Digital Ready?

The Government will be bringing in a new scheme called Making Tax Digital, which will be in full effect by 2020, with businesses above the VAT threshold required to have opted in by April 2019. This change to digital account keeping means that businesses should start to think about how they can begin to keep digital records. With the ability to do your Tax Return online already in place, there has been an increase in digital accounting software flooding the market. Friendly User Interface Whether you are experienced in accounting software already, or if you are completely new to the idea of digital record keeping, a friendly user interface is essential. Many business owners, particularly start-up owners, have a limited amount of admin and accounting time to spare. Using a piece of software......

Why Branding As A Business Is Important For The Tech Industry

When you are running a business based in the tech industry, you might feel that your product is so invaluable or innovative that customers will choose to buy it without branding. Unfortunately, that is not the case and branding should still be a large part of your marketing plan. Having a brand that users can identify with is one of the most crucial aspects running a successful marketing campaign—and it’s important in any industry. Here are some reasons why you might want to think about how you come across to potential clients… It’s A Crowded Market The tech markets are booming at the moment, and differentiating yourself from other companies can take some effort and time. It also requires a solid branding strategy that can help customers find you over the rest of the competitio......

How To Introduce New Policies In A Business

Implementing change is tough in businesses, particularly in traditional organisations where there’s a history of doing things a certain way, or employees might be resistant to the idea of change. It can also be tough to roll out new processes in multinational corporations that have locations all over the globe. While it’s difficult, to say the least, it’s also often necessary to implement policy change. Companies often have to introduce procedural change as part of reorganisation efforts or as part of new strategies and objectives. An example might be the introduction of a new expense policy paired with the rollout of expense management software. Employees may be resistant to these changes if they’re used to doing things a certain way, which is why it’s up to company leadership to get empl......

Robots Should Handle The Work, Humans Should Handle The Data

A few months ago, Apple supplier Foxconn revealed it has replaced 60,000 factory workers in one of its plants near Shanghai in China with robots. While the manufacturing sector is no stranger to robotics and automation replacing humans (you only have to look back to Fiat’s 1979 prophecy Hand Built by Robots to realise that), Foxconn’s move is definitely dramatic. The sheer scale of change in just one factory will have sent reverberations across the globe. Certainly the sector, like many sectors, is going through a rapid adoption of new technology as well as coping with increased globalisation, but the biggest impact is not necessarily from robotics. Rather it is in how organisations are re-shaping and re-focussing on data. The Internet of Things (IoT) is essentially triggering this change ......

Why History Will Shine A ‘Brilliant’ Light On Modern Industrialisation

It was the year Marilyn Monroe died and John Glenn became the first American to orbit the earth. The year 1962 was a standout year, not because of the Cuban missile crisis or The Beatles releasing their first single Love Me Do, but because of something much less glamourous but hugely significant to modern industry and living. In a General Motors factory in West Trenton, New Jersey, UNIMATE, the world’s first industrial robot went online, performing spot welding and die castings. It was a moment of history, something which would ultimately change the face of manufacturing forever. Today automation of some kind in factories is expected, at least among the larger manufacturers. Making anything on a grand scale demands it and businesses are increasingly attuned to the potential benefits. Three......

The Pros Of Video Marketing For Your Dental Business

The advent of technology and the Internet have positively changed the world and businesses that are operating in it today. Geographical barriers have opened up and even small brands can now compete with larger names. Every business has a niche and when you are trying to attract the targeted audience of that niche, it is crucial for you to hand over the responsibility to specialists. Many dental businesses are now turning to video marketing as a part of their SEO strategy for generating better traffic and returns on investment. Several business websites are showcasing their services and products through the power of audio-visual means. Videos are an effective means to connect with the audience and strike an emotional chord with them. Your targeted audience are able to retain the information......

What Is A Paralegal And When Might Your Business Need One?

At some point, it is likely (unfortunately) that your business will have a legal issue and you’ll need some expert help. Whether it is non-payment of a debt or an employee taking you to a Tribunal – should you call a solicitor or could a paralegal help you? A paralegal is legally trained and educated to perform legal tasks and offer legal assistance but is not a qualified solicitor. However, a Paralegal can do virtually everything that a solicitor can do except activities that are referred to as: ‘Reserved Activities’ (which we’ll cover later). There is no statutory regulation for paralegals in the same was as there is for solicitors, so it’s important to ask for evidence of the paralegal’s qualifications and experience, and check they are a member of a professional body such as the Nation......

6 Effective Methods To Free Your Business From Debts

Running a small and medium business is not easy because entrepreneurs have their hands overflowing with many tasks of running the business. With several tasks to handle and not enough time to devote to each, the difficulties seem to grow. Keeping things under control is what every business owner wants but unable to achieve. As things tend to become unmanageable, there are high possibilities that you might run into trouble, especially if you get entangled in several loans.  Debt for business can become quite a killer if you do not look after it. According to experts, the average US small business owner carries a debt of $195,000, and if it is a start up, the target should be to clear the loan during the first 12 months. Since no business can run without debt, which is part of the firm finan......

How To Perform A Self Assessment With HMRC For The First Time

We all dread the end of the tax year when that self-assessment form is due. It’s a time when we quantify just how costly our spending habits have been throughout the year, or rather, how our failures to keep track of expenses have affected our finances. It’s a stressful time. And that’s not to mention the sheer mass of paperwork that must be organised. If you’ve never completed a self-assessment form before and have just started working for yourself, it’s important that you understand the consequences. Failure to complete it properly could result in a £100 penalty charge, with further penalties if it becomes a recurring problem. At such an early stage in your career, this can not only be discouraging, but could have dire consequences. The First Steps If you ar......