Business
Londoners ‘Poorest Workers in Britain’ Despite Earning Highest Average Salary
By Nathan Lee, TLE Correspondent New research has found UK professionals working in the city of London are officially the poorest workers in Britain, despite earning the highest average salary. Based on new roles advertised in Q3 2015, CV Library research revealed that the average annual salary in London is £36,905; just 16.6 per cent greater than the national average of £31,625 per year. However, further research revealed that premium costs in the capital drastically outweigh the slightly higher-than-average salaries meaning...
Starting an Online business: What makes some Successful?
Online entrepreneur Pascal Culverhouse started www.electrictobacconist.co.uk in July 2013 while working for the family business. Two years later, his business is the leading online retailer of e-cigarettes in the UK. The London Economic asked the successful internet millionaire for his top three tips for online success... What makes an online business successful? The internet means that theoretically anyone could decide to become an entrepreneur, turn their bedroom into an office and launch the next big multi-million pound company. Yet the...
Fair Finance celebrate 10 year anniversary
By Joe Mellor Deputy Editor In April 2005, Fair Finance opened its doors as a solution to tackle loan sharks and money lenders on a council estate in the heart of East London’s Stepney. Fast forward 10 years and they are now a thriving social business offering a range of financial products and services designed to meet the needs of individuals and businesses. On 2 July the Dalston based not-for-profit celebrated its 10 year anniversary with the whole Fair Finance family. During...
Feel the fear… and do nothing? Londoners too afraid to ask for pay rise
By Steve Taggart You know the scene: post-graduation, with an air of optimism and a determination to be successful, young adults flock to London to experience the excitement, sights, and experiences that only the capital can provide. As property and rent prices soar out of control across the city, a full-time career with a competitive salary is not only the dream but an absolute necessity. Unfortunately, these positions appear to be so few and far between that many Londoners can...
From Washington to Sydney: Top 5 Green Offices in the World
By Steve Taggart Climate change has become one of the major issues facing the world in recent years. To this end, many businesses across the globe are now making a concerted effort to ensure that their main office buildings are as environmentally friendly as possible. To celebrate National Work Life Week this month, online furniture retailer, Clever Clicker have compiled a list of five of the most green offices from around the world. So here we go.. 1. The Bullitt Centre in...
Why apprenticeships may be one of the keys to increasing UK productivity
By Steve Winder, regional vice president for Epicor Software, UK and Ireland Whilst George Osbourne’s recent productivity plan focuses on boosting growth and productivity in the UK, the skills gap is an issue that needs tackling with urgency. Despite the increasing number of third-level graduates, the specific range of expertise required to fill medium skilled jobs is severely lacking. For example, car giant Bentley recently struggled to fill 160 positions due to a lack of skilled staff. There is a...
Why the Small Business Commissioner matters to the UK economy
By David Vine, UK SMB MD, Concur In July it was announced that The Department of Business, Innovation and Skills is set to formalise its support for SMEs and appoint a Small Business Commissioner. The announcement was met with some scepticism, as currently there are scant details about who the individual assuming this role will be, their remit and what powers they will be granted. There are concerns from some quarters that the new commissioner could end up in the...
Is your business taking advantage of a .LONDON domain?
By Priya Kapoor, 1&1 Internet Ltd - The case for .London There are 839,000 SMEs in London (employing 0-249 employees) according to figures from the 2013 “Business Population Estimates” published by the Department for Business Innovation and Skills. So how can SMEs make their business stand out? The latest development set to transform the digital landscape is the emergence of new generic Top-Level Domains (gTLDs). Providing endless opportunities for the way businesses can represent their web identity, up to 1000 new domain...
Who owns the customer within a business: marketing or sales?
By Drew Nicholson, CEO OgilvyOne dnx Sales vs. marketing In the 80s the typical hierarchy saw sales teams take the lead and Marketing Directors subjugated to exhibition stand design and brochure and signage production. At that time many organisations started to see the disconnect between sales and marketing such as unaligned objectives, dysfunctional and often antagonistic interrelationships. As a result, we saw the rise of the Sales & Marketing Director who was often a combination of the creative entrepreneur and the...