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How to Take Control of Your Career and Future by Being Your Own Boss
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How to Take Control of Your Career and Future by Being Your Own Boss

DO you have what it takes to run your own business?

Now is the perfect time to find out because it’s Global Entrepreneurship Week.

Greg Cox, 43, is CEO of a company that solves payment and credit problems

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Greg Cox, 43, is CEO of a company that solves payment and credit problems

Nearly one in three adults now manage their own account business or plan to start a business in the next three years, according to the Global Entrepreneurship Monitor.

The research program – which began in 1999 and assesses 50 countries around the world – suggests that the UK is “a significantly more entrepreneurial society than it was at the start of the millennium”.

The biggest change is in the number of women entrepreneurs, with the number of women-owned businesses tripling since 2002.

While women still only represent one in ten founders, the rise of the “side hustle” now makes it easier for women to create businesses.

The survey also shows motivation for start a business changes too.

Although most founders still want the freedom to work for themselves, more than half say it’s just as important to make a positive contribution to the world.

“An attractive alternative to higher education”

Greg Cox, 43, is CEO of a company that solves payment and credit problems.

He began his career as a professional rugby player, but when injury forced him to give up the game at age 19, he went to work on construction sites to figure out his next move.

After starting an import business carshe then founded the fintech group Quint in 2009.

Londoner Greg said: “I didn’t go to university, but I spent over 20 years starting and growing businesses, which was more valuable than any formal qualification.

Savvy Brits are desperate to launch a side hustle in the next couple of years in a bid to go it alone and beat the 9-to-5 churn rate.

“Each painful mistake has been a lesson that has left me better equipped to lead our companies.

“Being an entrepreneur can be challenging, but incredibly rewarding. Resilience, adaptability and a clear vision are essential qualities.

“Entrepreneurs must be comfortable taking risks and dealing with failure, as well as handling a constant stream of problems.

“It is of vital importance to become a entrepreneur for good reasons, because reality is often less glamorous than we imagine.

“But if you can overcome those obstacles and build something you’re proud of, the struggle makes the outcome even more satisfying.”

Darren Pirie, head of the NatWest Accelerator programme, which helps small businesses, said: “The UK is a hive of entrepreneurial activity. It is good to see that start-up business activity is on the rise across the UK and that motivations to start a business business become multifaceted.

“Entrepreneurs are moving away from simple opportunity or necessity as the key factor, with female founders placing particular emphasis on social considerations.”

While doing good is a powerful motivator, winning big money can also be attractive.

A separate study by internet company GoDaddy suggests that one in five entrepreneurs own a business with a turnover of more than £100,000, and that people without a degree are just as likely to succeed as graduates.

Andrew Gradon, director of GoDaddy UK, said: “Entrepreneurship is becoming an increasingly attractive alternative to higher education. education.”

  • Learn more about running a business at genglobal.org.

Six steps to starting a start-up

READY to start your business? Here are the best tips from Andreas Adamides, CEO of the Helmclub.co founder community:

1. Start with a clear vision: To succeed as an entrepreneur, you need a clear vision for your business. Know why you’re starting it, who you serve, and what makes your product or service unique.

2. Without a compelling vision, it’s easy to get lost in the noise. Your vision is what will guide you through difficult times. Do your research – know the market: who are your competitors? What gaps can your business fill? The more you know about your industry and your customers, the better positioned you will be to succeed.

3. Make your finances a priority: Money is the lifeblood of any business. Before you get started, have a financial plan in place. Know how much capital you’ll need, where it’s coming from, and how you’ll manage your cash flow. Make sure you have a safety net, because things rarely go as planned at first.

4. Focus on compliance and legal structures: The UK has a range of business structures, from sole proprietorships to limited liability companies. Choosing the right one from the start can save you legal problems later. Make sure you comply with all regulations, from taxes to insurance, and check your documents.

5. Leverage Support Networks: Starting a business can feel isolating, but you don’t have to go it alone. Connect with entrepreneurs, find mentors, and leverage networks that empower founders.

6. Be prepared to adapt and keep moving forward: the business world is unpredictable, especially in the current UK economic environment. Whether it’s financial uncertainty, rising costs, or new policies, you need to stay flexible. Adapt to change, listen to customers and never lose sight of your goal.

Parties leave a spectator?

Oliver Higenbottam is Managing Director of staff leave software Timetastic

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Oliver Higenbottam is Managing Director of staff leave software Timetastic

COULD you be experiencing a “Christmas blackout” at work?

Job experts have warned that thousands of workers may not receive paid leave over the holiday period.

Oliver Higenbottam, managing director of staff leave software Timetastic, says: “Blackout periods are specific times when employees are not allowed to take annual leave, often due to peak periods. business critical operational requests or periods. This is his guide. . .

HOW DOES IT WORK? Under employment in the UK lawCompanies have the right to cancel any pre-approved annual leave provided they provide sufficient notice. Many businesses, particularly in sectors like hospitality, which face increased demand during the holiday season, are imposing these power cuts to ensure they have sufficient staff.

Will this affect me? This policy is often buried in employee handbooks, which new hires may not be aware of. Workers who thought they had Christmas leavers may be shocked to find leave requests suddenly denied or revoked.

HOW CAN I KNOW IF MY BUSINESS IS HAVING A LIGHT OUTAGE? Employers are required to clearly communicate these restrictions to employees, to ensure that furlough planning meets business needs whilst complying with UK employment law.

CAN MY BOSS DO THIS AT THE LAST MINUTE? A business can impose a Christmas blackout period, provided it provides sufficient notice to employeesgenerally following the “double the length of leave” rule set out in UK employment law.

This means that if a employer wishes to limit annual leave to a period of two weeks around Christmas, they must inform employees at least four weeks in advance. However, if this is included in your contract, it can serve as a rolling notice, allowing them to enforce these deadlines without needing to issue a separate last-minute warning each year.

COULD MY EMPLOYER CANCEL MY VACATION IF IT HAS ALREADY BEEN APPROVED? Yes. UK employers can technically cancel pre-booked and approved annual leave, but must provide sufficient notice.

Extra Christmas Money

WITH inflation picking up, three in five people will have to work more to help cover the costs of Christmas.

A study by jobs app Indeed Flex found that a quarter hope to boost their income through a side hustle, while a third will take on additional temporary or part-time work.

Meanwhile, two thirds of employees are trying to work extra hours at their regular job to top up their wages in the run-up to Christmas.

The cost of living crisis means two in five of us are taking on extra work for the first time.

Novo Constare, of Indeed Flex, said: “It’s encouraging to see people taking proactive steps to manage their holiday finances in this way, as it can help prevent the burden of long-term debt from extends into the new year. »

KFC vacancies

KFC hopes to recruit 700 new permanent employees from December

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KFC hopes to recruit 700 new permanent employees from December

THIS may be a great time for temp work, but KFC hopes to find 700 new permanent employees to start in December.

THE fast food The chain offers part-time and full-time positions at restaurants across the country and you don’t need any prior experience.

All new team members will benefit from training and development opportunities to support their progression. The firm is known for prioritizing attitude, character and potential over qualifications, meaning the door is open to all candidates.

Available positions include Customer Facing Team Leader and Team Member jobsas well as roles in the kitchen.

For more details and to apply, visit kfc.co.uk/careers.

Job space

THE NATIONAL GRID has opened applications for its apprenticeship and graduate programs. See nationalgrid.com/careers.

HOTEL CHOCOLATE is recruiting for Assistant Store Managers in its branches across the UK. To find out more, visit hotelchocolat.com/uk/careers.