Inspiring leaders. Safeguarding business.

How valuable is a degree?

iStock_000010343050XSmallLast week’s A-level results predictably sparked the usual debate about slipping standards in education, but this year an extra level of interest was added by the fact that a record 170,000 students who applied are going to miss out on a university place. Now seems like the right time to ask, just how valuable is a degree?

We know that many of our members still think a degree is a desirable commodity, with half of IoD directors’ companies taking on recent graduates. Some employers are interested in graduates from a particular course with specific technical skills or knowledge, while others view a university education as a mark of intelligence and all-round ability. Read More»

10 up-and-coming entrepreneurs to watch…

We sometimes tend to look inward; we focus on the negative, believing in all that is wrong with the world and mankind. We fail to see what can be truly amazing; we fail to see the good and the potential in people regardless of their situation.
Once in a while, if you are lucky enough, you get to meet someone who truly changes you, they make you sit up and think, they make you reassess your thoughts and ideas. They put your life in context and leave you inspired. I recently met 10 such people.
On Friday 13th, a day noted for its negative connotations, I had one of the most positive experiences of my life, and it was brought to me by one of the globe’s largest companies, a social enterprise from Brixton and 10 young ex-offenders.
On the afternoon of the 13th I was a ‘dragon’ for the Google Entrepreneur’s Project, which, run in conjunction with Livity, was taking 10 young ex-offenders on a three week intensive entrepreneurial boot camp. At the end of the three weeks, they had to pitch their business ideas to myself and three other dragons.
So what were their business ideas like? Frankly, they were amazing; if I was an investor I would have invested time, effort and money in to each and every one of them. I have listed all the entrepreneurs, linked through to all the businesses they are trying to set up and listed their twitter accounts at the end of this blog. When you have finished reading this, I strongly recommend that you spend a few minutes looking through their websites and read what they are trying to achieve. I guarantee you will be impressed by the broad nature and foresight of their enterprises.
Everything about their pitches was professional, from the way they dressed to the way they presented themselves, to the language they used and the answers they gave. Their eye contact was strong, their stance was open and their pitches were to the point. They had done feasibility studies, competitor analysis, business plans, financial plans, marketing strategies; they had done everything you would expect a seasoned entrepreneur/ business person would do when pitching for investment.
Then you remember that these young guys and girls in front of you are ex offenders, they don’t have MBAs and they are not entrepreneurs with a number of successful starts up under their belt.
All too often we hear that society is broken, ‘broken Britain’ seems to be a bit of a buzz word of late, we hear how young people are to blame and how it was never like this in the past. But is society truly broken? Are things worse now than they have ever been? Is the young generation out of control with no hope or want to better themselves?
Or do we now live in a 24/ 7 news culture, where we all hunger for the next news story, the next ‘breaking news’  item, telling us how bad things are. Sadly where sensationalism sells, positivity doesn’t get much of a look in. Maybe, just maybe we will get a breaking news article in future that reads ‘10 young ex offenders set up successful businesses bringing wealth and job creation to the capital.’ Or is that wishful thinking?
The 10 young people I met on Friday 13th August changed me; I learnt more from them than I have ever learnt before. Yes, they had made one foolish mistake; they had made one stupid decision. But who did they have to turn to? Who was their mentor? If it was but for a different roll of the dice, without a supportive family around me and a strong group of friends to turn to, then that could have been me, it could have been you.
The re-offending rate of young offenders in the UK is simply staggering, their lives and the lives of their future families should not be ruined because of a moment of stupidity. They need a way out; they need a second chance and regardless of what has happened in the past, all they really need is a bit of support, a helping hand, someone to say I believe in you, I trust you. And isn’t that really all that anyone ever needs?
List of the 10 young people who were on the scheme and links to their businesses and twitter feeds:
Melissa Campbell and Ola Ilesanmiola
www.aceofheartsboutique.co.uk
www.twitter.com/_Ace_Of_Hearts_
Abubakarr Kaikai
Kai doesn’t have a website yet but you can follow him on twitter: www.twitter.com/globalkai_ltd
Pail Hodge
www.lemonpig.co.uk
www.twitter.com/1lemonpig
Oskar Amir De Rocha
Oskar doesn’t have a website yet but you can follow him on twitter:
www.twitter.com/empowerthruart
Shane Boathe
www.ecoboothe.co.uk
www.twitter.com/ecoboothe
Saidi Kawooya and Lloyd Amarteifio
www.bankersclub.co.uk
www.twitter.com/BANKERS_CLUB
Paul Ganbou
Paul doesn’t have a website yet but you can follow him on twitter:
www.twitter.com/lesangenoir
Jefferson Nonez
www.unitedliving.co.uk
www.twitter.com/United_Living

Young_EntrepreneursWe sometimes tend to look inward; we focus on the negative, believing in all that is wrong with the world and mankind. We fail to see what can be truly amazing; we fail to see the good and the potential in people regardless of their situation.

Once in a while, if you are lucky enough, you get to meet someone who truly changes you, they make you sit up and think, they make you reassess your thoughts and ideas. They put your life in context and leave you inspired. I recently met 10 such people.

Read More»

The Government’s first 100 days, how’s it going?

iStock_000004262765XSmallIt may be a little arbitrary, but 100 days is a useful milestone for measuring just how well the Lib-Con Coalition is performing so far. Before the general election the Institute of Directors published its own business manifesto outlining the three urgent issues we wanted to see dealt with first. Taking them one a time, let’s see how the government matches up. Read More»

Default Retirement Age Debate Obscures Wider Debate on Dismissal

It’s a shame that the discussion about the default retirement age has been sidetracked by the contentious issue of ageism, when we could have been having a long-overdue debate on the subject of dismissal in general.

If employers find themselves with inadequate staff, they should be able to let them go. Currently it can be expensive and time-consuming to dismiss staff, in some cases prohibitively so, to the detriment of both employers and potential employees. This is a subject which comes up time and again as a major concern of IoD members, many of whom run small businesses that don’t have HR departments to lead them through the labyrinthine dismissal process. Read More»

The Default Retirement Age is Worth Keeping

iStock_000012314009XSmallerWhy is it that so many commentators seem to think that all businesses have an ageist agenda and positively enjoy chucking out workers when they get to 65?

There may be cases in which a bad decision has been made, and the Default Retirement Age has been used to force out an older worker who is still fully capable of doing their job – the papers have certainly done their best to seek them out – but this is not the norm as we have commented on in the Guardian, The Express and the Telegraph to name but a few.

Let me ask you two simple questions. Why would any business wish to get rid of an employee who was still performing just because they had reached a certain age? And why would any manager want to go to the effort and expense of recruiting and training new staff when they already had a worker with experience and knowledge of the business? Read More»

Should we change the UK’s Takeover Rules?

iStock_000010981259XSmallerUK companies are increasingly becoming targets for acquisition from overseas, while the number of UK takeovers of foreign companies is slipping. But this should not be seen as an excuse to adopt any of the protectionist ideas which have been put about recently following Kraft’s takeover of Cadbury.

A ‘public interest test’ that could be used by the Government to block takeovers would be a disincentive for foreign investment, and could discourage businesses from setting up shop in Britain, and the CBI’s suggestion to disqualify short-term investors from voting on takeover offers could do more harm than good.
Read More»