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By Marta Kalas, Thomson Screening
Covid-19 is not only here to stay but is disrupting everyone’s lives. It is becoming yet another thing that businesses need to keep forever on the radar, forcing change and updates on a regular basis as we comply with the changing regulations and guidelines. It’s an additional burden for businesses to bear in challenging times.
The easiest way to deal with this is to create a package of tools that will help you stay on top of the changes and the ever-increasing regulation and actions you need to take. For example, Thomson Screening has developed a toolkit to help SME managers work through what’s needed and how to “action” it. The toolkit provides training and sample documentation. The good news is, none of these activities is new; businesses do them all the time. What’s different is that now businesses need a specific “Covid flavored” version.
Image: Jump Story
Let’s look at one specific area: communications: Good communication means successful management. A good communications plan will be the cornerstone of your successful management under Covid19.
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By Oleg Giberstein, Coinrule
Recently I went to a fancy event in the City of London. Polished bankers, with a glass of wine in hand, had come together to discuss Fintech. “Normal people should not be trading” was the general agreement in the audience.
This fits a narrative that has become widely accepted: ‘normal’ people are too stupid to make money investing. They should just put their funds into a so-called robo-advisor like Nutmeg or Wealthify which will put their hard-earned cash into index-tracking passive investment funds.
This type of investing is often referred to as ‘black box’ investing is a very bad idea. Black box investing involves a computer using complicated formulas to achieve returns in the desired way. However, because an investor may not understand the model (and may not be able to do so), it can lead to unforeseen problems that the investor is unable to react to or even mitigate against. This investment approach also goes against the Fintech trends that are beginning to unfold. It looks backward to a time when investing was for the elite. This isn’t the case anymore.
Image: Pixabay
Here is some advice that will help the everyday, non-professional investor get the most out of the markets:
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By Marine Mallinson, CEO, YurOn
Social media is an important part of most of our lives, but it is leaving us more isolated, polarized, and unfulfilled than ever before. What currently gets in the way includes the filters, the vanity metrics, and the validation-driven algorithms.
As social media giants continue to grow, the problem is only exacerbated. In the words of Alex Roetter (the former head of engineering at Twitter, seen in the documentary, The Social Dilemma), “you can’t put the genie back in the bottle”.
Social Media is here to stay but that doesn’t mean it has to stay the way it is.
To counteract the negative and disempowering aspects of social media what is needed is something that is genuinely social and collaborative. We need something which is driven by people’s curiosity to explore ideas and to genuinely listen to different points of view.
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By Dr. Rhian Hayward, AberInnovation
For start-ups and early-stage businesses, it is always a good idea to keep an eye on the opportunities for accelerator programs and grants that can make a huge difference to their business development.
If you have already incorporated a business or are thinking of taking the plunge in the biosciences, food and drink, health, agri-tech, and all aspects of the circular economy, you should look urgently at BioAccelerate 2020.
BioAccelerate, AberInnovation’s flagship accelerator program for early-stage businesses and start-ups, across the UK, is back for its third year and seeking participants for its next cohort.
Applications are now open and close on October 14th.
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By Joanna Strahan, C2C Process
When you set off for an evening with friends at an all you can eat buffet, you will probably avoid wearing your glamorous but unforgiving jeans. Instead, you wear something loose which provides some room to move.
It is no different in business. You need to plan for growth and be agile and responsive to change. That way you will not outgrow your processes.
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By Marta Kalas, Thomson Screening
When you are facing the realities of running a business during a pandemic you need to use all the tools available to you.
In the UK, businesses need to re-open and also need to plan so that staff, customers and visitors are protected. As a business, you probably already have a good supply of PPE, plus information about how to control infection and clean areas. That is fine for now, but what about next week and next month? How will you know when your risks increase, and you need to take different steps? Will you be able to notice a new source of infection in good time? This is where regular and methodical testing can help.
Image: Jump Story
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By Sarah Lewis, C.Psychol., Appreciating Change
Although some people are used to remote working for many it is something new that we have to get to grips with. Some find that the necessary adjustments come naturally to them, for others the new situation presents challenges. So, how can we, as owners or employees help ourselves and our teams make the most of remote working in ways that suits the organization, and also the individual involved?
Image: Jump Story
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By Sid Madge, author of ‘Meee in a Work Minute’
There is little doubt that change is upon us in 2020. But before we all rush to get back to a pre-Covid normal maybe it’s time to redesign something better for ourselves, our businesses, and our planet.
As Arthur Ashe, Tennis champion and Presidential Medal of Freedom recipient wisely said:
Most people resist change, even when it promises to be for the better. But change will come, and if you acknowledge this simple but indisputable fact of life, and understand that you must adjust to all change, then you will have a head start.
Image: Pickit
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By Rosie Tomkins, author of ‘N-stinctive’
In stressful times with much uncertainty to contend with, it is no surprise that some of us are losing the feeling of excitement and passion for our businesses. However, there is good news even in these difficult times; you can reconnect with the passion that led you into your business, and in the process create a new balance in your life.
Image: Pickit
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By Rosie Tomkins, author of ‘N-stinctive’
Humankind has benefited immensely from technology but as we move towards an ease in the COVID-19 lockdown constraints in some parts of the world we need to ask ourselves: is our modern way of operating what we really want? Will the long-term effect on our way of living be a positive one?
The decisions we make will have a long-lasting effect – particularly on our younger generation and the leaders of tomorrow.
Image: Pickit
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