Tag Archives: Entrepreneurship

8 Trends To Keep Your Eyes On In 2018

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1. Instagram Stories Drive Upcoming Instagram Trends

Instagram Stories is a big deal and they’re not going away. Daily viewers of Instagram Stories surpassed daily SnapChat viewers just one year after launch, and the growth isn’t stopping.

Instagram Stories was likely the biggest single change in the Instagram UX, and its marketing implications are huge.

A huge deal with Instagram Stories is this: accounts with over 10,000 followers can now add a link within the feature. Considering the fact that the only other place you can put a link on Instagram is just the one buried on your profile page, this is a huge deal, as it multiplies buying or inquiry opportunities by orders of magnitude.

Instagram Stories in particular will be relevant from a marketing perspective because, compared to other transitory video platforms, Instagram metrics are eminently trackable.

A final note on Instagram Stories: Their foundation is social media engagement gold. Video drastically outperforms all other forms of content on every test.

2. Influencer Marketing Makes Major Contributions to Social Media Engagement

Influencer marketing is big business — a billion dollar industry by some counts. There is an exhaustive list of micro-celebrities who earn six figure incomes. And this isn’t a fluke. Influencer marketing is uniquely keyed to exploit certain facts about a growing number of buyers.
As Millennials advance their careers, and Generation Z starts theirs, an enormous population’s purchasing power is increasing swiftly. These two groups — who, combined, literally comprise most of the world’s population — are uniquely influenced by this marketing method.

3. Generation Z to Decide Social Media Trends

We’ve mentioned Generation Z in both of the previous topics for good reason.

RetailDive had this to say about Generation Z and their associated social media trends:

“Gen Z is two- to three times more likely to be influenced by social media than by sales or discounts — the only generation to value social media over price when it comes to making purchase decisions…”

Furthermore, 81% report watching at least one hour of online video per day, or more, according to a study by Fluent, covered by AdWeek. Combine these facts and realize that droves of Generation Z will graduate college and/or start careers next year, and you start to see the powder keg.

4. Messaging Platforms Make Companies Accessible

 

What do you know about WeChat? They’re a wee little Chinese messaging company . . . errr, one that’s looking to cross 1 billion users this quarter. WeChat and WhatsApp are absolutely ubiquitous across either ocean, reaching across many different functions to dominate social media, direct messaging, and even purchasing and commerce.

Every year more and more buyers are Millennials and Gen Z, and fewer and fewer are older. In case you’re not aware of these people’s overwhelming preferences when it comes to talking to a company, we’ll illustrate in their native language:

top-social-media-trends-20185. Live Streaming Explodes

Live streaming isn’t about live streaming. At least not in the way we’re going to be talking about it. You’re going to see a lot more of it in 2018, and the people who do it well will be fully with the times and accelerating. Its prevalence will increase because it works.

But there’s something more at work here.

It’s actually about technology. We get better phones every year. Does that mean that we’re running the same apps better? Sometimes. But once the technological baseline of the average user has clearly moved up a notch, it becomes about making more robust apps that do more and fully take advantage of that new technology.

The smartphones of today are better than what we used to have by orders of magnitude. Furthermore, our data speeds are better, and are poised to make yet another insane leap in the next few years when 5G becomes the standard.

Live streaming is a medium or implementation of social technology that’s uniquely positioned to take advantage of hardware improvements for the next several years. The resolution of an image the size of a phone screen can only get so good before you have to zoom in to see a difference.

But better video processing across the board means all devices involved can handle more streaming at a better quality across more channels at the same time. This is such a huge change that it’s possibly unclear that anyone is even capable of fully understanding the ramifications.

6. Twitter is Going to Change

And they themselves might not even know how just yet.

Twitter has been slowly circling the drain, in some respects, for a long time now. 2017 pulled no punches with the social network, either. Twitter needs to make some big changes to stay relevant, as its growth is the slowest of all the major social media platforms.

7. Online Hangouts Become the Norm

Online hangouts go hand-in-hand with the live streaming trend, and with Generation Z. Consider Houseparty — an app for multiple friends to essentially FaceTime with each other in a group setting.

Houseparty made quite a wave in 2017 with rapid growth, and hit its stride well enough to inspire copycats, including perhaps an effort on the way coming from (no surprise here) Facebook.

The online hangouts trend is also going to intersect with VR. Sure, everyone promised everything this year with VR and AR, and all that ultimately came of it was two weeks of Pokemon GO.

But this year actually has the potential to be different. Many promising programs have another year of beta testing still left under their belts, but the technologies are improving in exciting ways. Once again, Facebook is at the epicentre, with Facebook Spaces.

8. Social Platforms See More Hardcore Moderation

The last year or so has forced the hand of several tech and social media titans to intervene and play a more active role in content moderation. Those manoeuvres, in retrospect, felt more like damage control than any sort of final solution.

We’re likely going to see companies revisit this in a more significant or longer-lasting way, and definitely more proactive than reactive.

As leveraging social media outlets for marketing first took flight, some were dubious of their staying power. The years since have changed sceptic’s into believers, and what’s on the forefront will clearly and easily amplify the channels’ relevance even further.

2018 is here… but were you prepared?

2018 social media trends predict that time on social media platforms will increase. This means you will need to improve your online presence in the year to come.

 

By Richard Holland – MSc Digital Marketing Student

 

Contact –

Linkedin- Richard Holland

Instagram – Ricardo J

Brand –

Instagram – Ricco London

Twitter – Ricco London

Facebook – Ricco London

New opportunities for workers over 50

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Blog by Marzena Reszka

People in the UK are living longer than ever before – a major achievement of modern science and healthcare. Older people make up a growing proportion of the population, and so make an increasing contribution to society.

However, the UK is not making the most of the opportunities afforded by an ageing population. Too many people are forced out of work in later life by poor health or unwelcoming attitudes in the workplace. Too few people access the training they need to adapt to a changing labour market. Too many families face the choice between working and providing care for a loved one. Too few homes meet the needs of older people.

At Staffordshire University we have a project to support over 50s who want some enterprise and skills training. This will help develop both the confidence, mind-set and skills in this area. It is worth remembering that people in their 40s and 50s are the most likely to start up a business.

Smiling

As the population ages, so will the UK workforce. The productivity and economic success of the UK is increasingly tied to that of older workers. Thus, learning and training  becomes of even greater importance as the population ages.

The proportion of the working age population aged between 50 and the state pension age (SPA) will increase to 35% in 2050 – an increase of approximately 8 million people. Encouraging older people to remain in work will help society to support growing numbers of dependents, while providing individuals with the financial and mental resources needed for longer periods of retirement.

Population ageing and increased life expectancy changed traditional thinking about learning. Longer working lives and other changes to the labour market means workers need to be more adaptable than they were before. More broadly, evidence shows that life-long participation in learning can improve people’s health, cognition, wellbeing and resilience. The need to reduce the level of dependency in society means that learning, and any other tool for extending the period of time that people can live independently, is increasingly important.

We therefore, need employers support a multigenerational workforce maximising the opportunities for older workers, and secondly we need to support older workers to take a new direction or for those unemployed return to working. This is where self-employment can offer a more flexible form of working, that may allow older people to stay in work for longer.

Moreover, the age profile of self-employed people they tend to be older than employees are, with 43% of those recorded as self-employed are over the aged 50 compared to 27%, which are employees. Age UK says that older workers are more likely to have a higher chance of success with over 70 per cent of these businesses lasting over five years compared to only 28 per cent set up by younger entrepreneurs.

Here is a few questions to ask yourself:

Do you have a hobby or interest in an area you could turn into a business? Do you want a better work-life balance? Are you unemployed, facing redundancy or looking for a change? Are you wondering how to set up a community interest company?

The training will look at how to come up with a business idea in the first place. It will explore if it could be viable. In addition, once you know what you want to do we then guide you through the process of how to set it up. We can help you to identify who your customers will be and how to promote your product to them.

The project is funded by the EU and includes partners from trade unions in Italy, and business organisations in Spain, Belgium and Portugal all working together to deliver a good training package and to help boost life-long learning and economic recovery.

The training is free and if you are interested please contact  Hazel Squire h.squire@staffs.ac.uk  01782 294985 or Jon Fairburn jon.fairburn@staffs.ac.uk 01782 294094 at Staffordshire University.

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Funded by the Erasmus+ Programme of the European Union and EU flag logo

 

How Influencer Marketing Could Benefit Your Business

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Influencer marketing focuses on using key leaders to drive your brand’s message to the market. Rather than marketing directly to this large group, you instead hire or pay these influencers to inspire and get the word out for you.

According to McKinsey, Influencer Marketing generates double the sales of paid advertising, as well as three times the amount of “word of mouth” messages. Furthermore, it results in recommendations – where people are up to fifty times more likely to purchase.

Influencer marketing could benefit your business in a number of ways, and you should consider using it because:

  • It’s more authentic than an advert.
  • It’s more cost effective than many other marketing channels.
  • It provides shareable content, which could amplify results exponentially.
  • You can effectively target a new audience.
  • It’s a way to create real-time engagement.
  • It’s an easy way to build trust with your customers and future customers.

Two cases come to mind where Influencer marketing benefited the business and the influencer, such as Youtube star PewDiePie teaming up with the makers of horror film ‘As Above, So Below’ – creating a number of videos in which he completed challenges and tasks set in the catacombs in which the film was set. This resonated with his then 27 Million subscribers, and received nearly double the views that the trailer for the film did.

The other, according to Neoreach, is American retail giant Walmart teaming up with former Vine star Meghan McCarthy. Meghan posted on Snapchat, Instagram, Twitter and Youtube, putting her stamp of approval on the promotion that she was promoting. Her posts gathered hundreds of follow up posts and tweets, an impact that no television ad campaign could make.

The Big Influencers for 2018

According to Forbes, some of the top influencers of 2017 are going to be even bigger in 2018. 

If the budget is there, then these are the kind of people that you want influencing customers to buy into your product or brand.

These include gaming maestro Markiplier, Keynote speaker and entrepreneur Gary Vaynerchuk, cooking whiz Rosanna Pansino, six-year-old Ryan ToysReview and powerful lady Lilly Singh.

Whilst all of these people have the majority of their following on YouTube, they are also influencers on the likes of Instagram and Facebook and could cost a hefty sum.

Some of these people may be out of your price range, but if you can find a local influencer to promote your product, then that may be worthwhile to your business.

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Regan Foy (Twitter / LinkedIn)

Staffordshire University Students’ Union

MSc Digital Marketing Management Student (Full Time)

E-mail marketing or Messenger marketing?

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What Email Marketers are saying

When it comes to email marketing software, marketers are spoilt for choice. But how do they feel about the emails they send?

It turns out that relevance is a huge concern for them. DMA reports that 42% of marketers say only some of the emails they send are relevant, and a whopping 10% say their emails aren’t relevant at all. That’s an issue, with consumers trashing irrelevant email.

Another issue people wonder about is the ROI of email marketing. In other words, is it really worth it? Various comparison’s of email marketing vs social media shows that email outperforms social by miles. And Chief Marketer says the ROI of email marketing is 28.5% better than for direct mail.

So what does Messenger do better?

Well, the big problem with email marketing is that you’re talking at your users and potential customers, not with them.

It’s kind of like being on the receiving end of a sales pitch, one where you have no say until the salesman is finished leaving you with only one response, yes or no.

Messenger though, creates a conversation.

It’s the only channel that solicits real time feedback from your users, the only channel where they have a say and shape the conversation which builds interest and engagement.

Check out the below example from 1800-flowers.

What Does the Future Hold?

Email is a mature channel, one which has been extensively developed and includes various advanced features to help you better market to your customers.

Messenger on the other hand is the new kid on the block.

It’s showing great promise and is getting far higher engagement in the areas where they’re going head to head, but it’s not yet at the level of sophistication email has developed.

Messenger is quickly gaining ground on email in terms of features and is already outpacing the platform in the areas where there’s overlap.

So what should a smart store owner like you do?

Well, what you shouldn’t do is abandon email marketing in favour of Messenger. Right now Messenger simply doesn’t have the advanced functionality and tracking of email.

However, if you already haven’t you should be looking at implementing Messenger on your site ASAP.

Right now, Messenger is the perfect complement to your email marketing. And if the last year is any indication, in the near future Messenger will continue to outperform email in other key marketing and communication areas for ecommerce as the platform progresses.

Right now, if I had to advise some specific campaigns your store needs to be running I’d recommend focusing on:

Messenger isn’t just a nice thing to have on your store or a new fad that will die out. The success rate of stores across the globe and the growing user base points to a new channel that might one day overtake email as the chief ROI channel.

In conclusion:

Email marketing and social media are like parallel universes that communicate with each other.

We suggest using email marketing when you’re looking more for reach, traffic and direct conversions. Social media, on the other hand, is a great tool that can help you engage your audience and assist you with making more sales.

There is no reason why you shouldn’t use both. Just be sure to allocate your resources the right way. Thank you for reading this blog and please leave your comments below.

 

By Richard Holland – MSc Digital Marketing Student

 

Contact –

Linkedin- Richard Holland

Instagram – Ricardo J

Brand –

Instagram – Ricco London

Twitter – Ricco London

Facebook – Ricco London

New book co-authored by Prof Iraj Hashi – Spanish Sociedades Laborales—Activating the Unemployed

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Spanish Sociedades Laborales—Activating the Unemployed- A Potential New EU Active Labour Market Policy Instrument by Jens Lowitzsch, Sophie Dunsch,  Iraj Hashi

 

This book investigates the potential of the Spanish Sociedades Laborales (SLs) as an instrument of active labour market policy for re-turning the unemployed to the labour market. SLs are  mostly small and micro enterprises and a qualified form of the conventional corporation, majority-owned by their permanent employees. Unemployed persons can capitalise their unemployment benefits as a lump sum to start a new SL or to recapitalise an existing SL by joining it. This makes SLs similar to start-up subsidies for the unemployed, an established instrument of active labour market policy across the EU. This book examines the function and success of existing SLs and explores the transferability of the scheme to other EU Member States.

It tackles two widely discussed policy issues at both the EU level as well as the national level: firstly, the reactivation of the unemployed into work, and secondly the encouragement of employee co-ownership in the context of the economic reform agenda, in particular with regard to corporate governance, regional economic stimuli and distributive justice.

https://link.springer.com/book/10.1007/978-3-319-54870-8

Graduating with an award and a digital marketing business

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By Andrew Dobson

My MSc in Digital Marketing Management at Staffordshire University includes the module ‘Managing a Digital Marketing Project’. This normally involves working with a company to create and implement a digital marketing strategy. I asked to take a different approach to the project and decided to create my own digital marketing agency: Track Digital Marketing. This, I reasoned, would allow me to develop my marketing and web design skills and gain an income by working with small businesses in Staffordshire.

Although I had not previously studied marketing, I felt optimistic that the skills I learned on the course and my previous experience in teaching English would provide me with the background needed to excel at digital marketing. However, the business management side of the project was something that I found more daunting.

Fortunately, Be Inspired at Staffordshire University offered business support in the way of training, a business grant and a mentor. I’ll be honest, when interviewed for the scheme I was sceptical about how much help they would actually provide (apart from the business grant). However, the combination of business training from Be Inspired, project management assistance from Professor Jon Fairburn, and business startup and digital marketing advice from my mentor Matt Clayton (owner of Build A UK Business) has been hugely beneficial.

After the initial setup of Track Digital Marketing I was ready for small businesses to queue up and bombard my email address with pleads for me to help them market themselves online. However, it only just occurred to me that my competition was vastly experienced at online marketing and probably had teams of experts in every digital marketing field. Whilst my knowledge and practical experience gleaned from the course made me an all-round professional marketer, I could not compete with huge established companies for the top Google searches. This left me with targeting a particular niche (small businesses in Staffordshire) and old-fashioned networking.

Luckily, I found that business owners (now including myself) love nothing more than telling everyone within a half-mile radius about their business. This is how Brereton Timber and I found each other: a good ol’ chin wag over a garden fence. To be more specific, a fence panel supplied and fitted by Edward Taylor from Brereton Timber.

A happy customer

A happy customer

Edward and business partner Craig Wardle had an expanding fence supplying and fitting business –  amongst a variety of other services. However, their old website did not reflect their current success, and their marketing consisted mainly of a 13ft wooden bear with ‘Brereton Timber’ plastered on it.

After discussing Craig and Edward’s digital marketing options and painstakingly explaining ‘long-tail keywords’, we agreed to complete the following:

  • An internal digital marketing and website audit.
  • Competitive research into the marketing activities of their main competitors, both regional and national.
  • Customer research and marketing preferences.
  • A comprehensive search engine and mobile optimised e-commerce website.
  • Keyword research and content marketing to bring customers in and guide them towards sales.

Although we are still in the process of designing the website and creating content, since we started working Brereton Timber’s online sales for July are higher than the rest of the year combined. The new website has a professional image befitting their professional work, has improved search engine rankings, and perhaps most importantly is customer-friendly.

Craig and Edward have expressed their gratitude in their own way (by promising me a free Christmas Tree in December) and had this to say: “Honestly, we can’t believe the change Track Digital Marketing has made to our business. Customers are always saying how good the website looks and we know that Andy is available anytime we have a query or want to change something on our website.” Despite their online success, Brereton Timber refuses to capture the Brereton Bear who continues to terrorise locals on the A50 between Holmes Chapel and Brereton.

Andrew Dobson

What Goliath can learn from David

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In Business Schools all over the country and beyond we tend to focus on large and often multinational corporations, and the overarching focus on providing shareholders with the greatest possible return on investment has been identified as one potential contributor to the 2008 financial crisis (see for example https://www.forbes.com/sites/shawnoconnor/2013/05/15/the-responsibility-of-business-schools-in-training-ethical-leaders-2/#3102f64960bd). 

My current research leads to conversations with barbers, microbrewers, tattoo artists, baristas, tailors, street artists and denim heads who are participating in the resurgence of traditional trades rather than CEOs of multinational corporations. These entrepreneurs all have two things in common and that is the importance of having a trade and a purpose that goes beyond only making a living. They all refer to their colleagues as an integral part to their success, and they don’t define themselves as managers or leaders, but as master brewers or floor sweepers. They have an identity, authenticity and presence that go way beyond any suit and tie.

Talking with these individuals I am becoming more and more convinced that Goliath has much to learn from David. Whilst David believes in success with and through his people, Goliath too often believes in success despite of his people. Whilst David is acknowledging individual contributions, Goliath is often referring to staff as replaceable overheads. Whilst David is focusing on providing the best possible service or product, Goliath is more concerned about often meaningless and short term KPIs. Whilst David’s eye is on securing sustainable organisational success, Goliath’s is on personal short term success, sometimes at the cost of his very own existence.

Yes, David also needs to be successful and make a living, but he has a whole different approach to doing so which I believe Goliath can learn from.

Professor Rune Todnem By
@Prof_RuneTBy

Enterprise training for 50 somethings and over

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Are you aged 50 or over and are you thinking about setting up your own business? Or maybe you just fancy exploring a few ideas and getting some training?

Do you have a hobby or interest in an area you could turn into a business? Do you want a better work-life balance? Are you unemployed, facing redundancy or looking for a change? If the answer to any of these questions is yes then sign up now to this exciting new training course with the Business School at Staffordshire University.

We are offering you the opportunity to participate in a free face to face and online learning course that has been developed through identifying the needs of older workers. Through coaching, mentoring and training provided you will potentially be able to develop the entrepreneurial and enterprising knowledge and skills necessary to set up your own business.

Older woman facing camera behind flowers

We will look at areas such as how to obtain finance for your business and assess its viability. We even look at how to come up with a business idea in the first place, and once you know what you want to do we then guide you through the process of how to set it up. We help you to identify who your customers will be and how to promote your product to them. For those of you who feel you lack confidence we look at how to overcome some of the obstacles and barriers to ensure success.

The first of these courses will commence on 31st January 2018 and will include approximately 40 hours of face to face and online learning over a period of 1-3 months. The training is flexible so that you can choose to study the areas that best suit your needs. Following the training you will be signposted to a range of mentoring and support in the development of your business.

To register your interest in the course, please complete the application form using one of the links below. If you have completed the downloadable application form, please return it to Tom Ward at t.ward@staffs.ac.uk or the postal address detailed on the form. Should you require further information or a hard copy of the form, you can e-mail Tom or contact him on 01782 294902.

Online application form

Downloadable application form

Twitter: @silver_workers

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Award-winning Business and Enterprise Graduate Finds the Balance

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Luke Ellis, a recent graduate, award winner of the Davies Group Business School Prize and business owner talks to Angela Lawrence, Business Management Course Leader, about the success of the business that he grew alongside his studies.

le5

Simple beginnings

I started the business, Churnet Valley Garden Furniture in 2012 from my Dad’s garden shed. I had a vision that I could design, create and make the best garden furniture in the UK. I guess I was the drive and brains behind the operation and my Dad was a good all rounder, a hard worker with loads of experience over the years as a handy man. I’d worked for 10 years in an engineering role so I had gained all of the skills needed for design and precision work

le2

Juggling balls

I won’t lie, it was hard work studying, growing the business and bringing up my two sons as a single Dad with sole custody. The boys are 8 and 9 now and can both be a handful. I have struggled to balance things at times, but somehow I always manage to pull it off.

Business growth

I pushed the business in every way I could think of; it became both my hobby and my passion. I started off exhibiting at my local village carnival in 2012 and four years later I am winning an award for the best garden furniture stand at the Ideal Home Show in Manchester and I’m on target for a quarter of a million pounds turnover this year. I’ve made products for JD Sports, H&M and completed a huge project making and installing Christmas market chalets for a French market group last winter.

le3

Where next?

My goal is to maximise my current capacity at my workshop by growing the business to a level where it is big enough to run independently and consistently. I have always had a passion for the food industry, so I think that will be my next venture – to get something running in the winter months, when garden furniture isn’t exactly on people’s minds.

Keeping it in the family

I also want to return to university and do an MBA, and then open my own consultancy business. I bought my Dad out of Churnet Valley Garden Furniture in 2015 and this year my younger brother has invested time and money in order to prove himself and earn a share of the company.

Proud moments

Seeing my boys grow up into good kids makes me proud every day. I’m proud of what I’ve achieved academically, of getting a 1st class honours degree, of winning the student award for the best overall performance on the BA (Hons) Business Management and Enterprise course, and of the way in which my company has grown and developed. We recently ran a Facebook competition to win a garden Love Seat. It reached over 60,000 people and got over 800 page likes in just three days! So we must be doing something right.

le6

Technology, Opportunity and Entrepreneurship

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Technology has fabulously changed our jobs market since it transformed the production landscape during the industrial revolution, but even more so in the past three decades. Like in the 16th century, many jobs that were once considered crucial are now obsolete, and new job descriptions are being created in the labour market even as many forms of automation are presently being integrated into the production process. One does not have to go far to see how technology has changed our lives in forms of communication, transportation, work and leisure. Your being able to read this article has been greatly enhanced by technology and I as the writer have had to have some basic skills in technology to be able to deliver this article to you.

As an economist, there used to be a time when my profession worried about what humankind would do when we ran out of oil but recent technological advancements have once again rendered that discussion archaic. There also used to be a time when the factors of production were firmly believed to be land, labour, capital and entrepreneurship but some economists will argue that there is a need to include one additional factor of production in the modern era – you guessed it “technology”.

So what does this mean for young people as they decide their future? Should we be scared of this trend? How far reaching will advancements in technology be felt? Humankind has been very fortunate to have been able to grasp the benefits of technology and we have used it to live longer healthier lives, explore space and other planetary objects, and open great doors for the future but we have also made many mistakes along the way. Young people need to wary of this and know that they have to be the ones to decide on how we harness this power and what we use it for.

Business Management students at BMW in Munich

Business Management students at BMW in Munich

My area of focus in economic research right now is entrepreneurship and I became interested in entrepreneurship particularly because entrepreneurs are the ones who combine all the other factors of production to actually benefit humankind. Without the entrepreneur, other factors of production would be idle. Entrepreneurs however need to be somewhat knowledgeable to be able to do their jobs properly. Adam Smith, one of my favourite economists used the example of a small grocery to illustrate this point:

“The owner of such an enterprise [a business] must be able to read, write, account, and must be a tolerable judge too of perhaps, fifty to sixty different sorts of goods, their prices, qualities, and the market where they are to be had cheapest.”

This example shows that a business owner needs a modest amount of education to function profitably. This education might not necessarily be formal but the entrepreneur must know their stuff.

In our current society we are awash with technological advancements and these seem to be changing the way we live and do business. Businesses that have not kept abreast of current vagaries or have been slow to make investments in innovation have found themselves left behind, and entrepreneurs will need to know that they will face the same fate if they do not stay knowledgeable about technological developments that affect their customers and market.

This also presents some opportunities for entrepreneurs as they can be avant-gardists and influencers of the future. Imagine the impact that innovators have had on our current society not just in terms of social media but virtually in all productive fields. The world needs smart means of using its limited resources to improve the quality of our lives, and individuals who can do this successfully will be blessed with the commensurate rewards.

A holistic education is thus needed to be successful in the present climate as well as an open mind and the right sort of social capital. As the saying goes “no one is an island” and “many hands make light work”. Business owners and potential successful entrepreneurs will also be wise not to jump into the water with both feet but to test out their ideas and products carefully before venturing out boldly into the wide world.