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Business leaders launch support UK entrepreneurs
Written by James   
Saturday, 10 November 2007
Small Business AdviceA group of experienced global business leaders has come together to launch a not-for-profit collaboration called the Enthum Foundation which will support UK entrepreneurs and enterprises ready for the next stage of growth, as well as social entrepreneurs.

According to The Federation of Small Businesses, the UK has over 4.5 million small businesses, and statistics regarding success rates for new start-ups vary dramatically depending on the source. No one can dispute however that the UK’s entrepreneurs and SMEs in general need all the help they can get. For example, the recent announcement of the abolition of taper relief on capital gains tax was the latest major blow to millions of small and medium sized businesses.

The Enthum Foundation differs from most conventional leadership and management coaching consultancies for two main reasons: firstly, due to its not-for-profit status and secondly, Enthum works with both the entrepreneur and his business understanding the impact each has on the other. Enthum reinvests its profits, alongside grants and other funds, both to help organisations and individuals who could not otherwise afford such assistance, and to fund research.

Last Updated ( Saturday, 10 November 2007 )
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Potential SME Entrepreneurs Lack Confidence
Written by Stephen   
Saturday, 13 October 2007
Nearly half of UK adults have considered setting up their own business, but one in two of them are too scared of failure to do anything about it, according to a nationwide survey commissioned by Orange Business Services.


The survey to over 2,481 UK adults was conducted with Tickbox.net, found that in as little as three years time the self-start business sector could be set to explode with millions of aspiring entrepreneurs currently drawing up business plans. Unfortunately, due to Britain being a nation of serial self-doubters, over a third of them could be lost – almost seven million potential start-ups.



Fear of failure is the number one barrier to starting up a new business with respondents stating low self-confidence was preventing them from going it alone, suggesting a worrying lack of faith in our business abilities.


Yet, despite their fears, 14 per cent of all adults claim to be exploring a definite idea and a further 8 per cent are on the path to making it a reality. Twenty four per cent anticipate going it alone in the next two to five years, and 14 per cent within the next one to two years.


Tim Campbell, winner of The Apprentice and a leading young UK entrepreneur comments: “That half of British people consider setting up their own business is great news for the UK economy. While it’s clear that the main barriers holding people back are emotional, as a nation we have the drive and passion. If the business community can share a few hints and tips to encourage budding entrepreneurs, people’s fears will be overcome and more dreams will become reality.”


Last Updated ( Saturday, 13 October 2007 )
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Get Safe Online urges small business to protect themselves online
Written by Sara   
Saturday, 06 October 2007
Online Security44% percent of small businesses in the UK have been a victim of cyber crime, including internet scams, identity fraud, phishing and data theft. This is one of the key findings of new research  commissioned by Get Safe Online announced today.

  • 60% of small businesses would grind to a halt if their PCs were taken down by cyber crime or IT related issues.
  • 44% of small businesses surveyed have been a victim of cyber crime, including internet scams, identity fraud, phishing and data theft.  
  • Over a third (36%) of micro-businesses have suffered from a computer virus
  • Nearly a fifth (18%) have been victims of phishing, spyware or hackers in the last two years. 
  • Almost a fifth (19%) said they lost revenue as a result of downtime, the average figure cited as £1,540. This equates to a staggering £750 million in estimated losses across the UK micro-business population.
  • Two-thirds (66%) of businesses surveyed store vital documents on their PCs and 69% also store their customer details on IT equipment - less than a third (32%) consider themselves to be fully au fait with current PC/internet security issues.
  • Only 5% of small businesses have access to dedicated IT support, internally or externally.
  • Sixty percent of those surveyed said their businesses would grind to a halt if their IT system failed. 
  • Half (49%) of small businesses are unable to track who is accessing what information on their PCs
  • 26% of businesses surveyed did not have measurements in place to safeguard their IT systems i.e. only authorised users can access them

 

Last Updated ( Saturday, 06 October 2007 )
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