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    Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

    Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

    Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

    Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

    Scottish independence: Who could lead pro-UK group during next referendum campaign?

    Scottish independence: Who could lead pro-UK group during next referendum campaign?

    Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

    Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

    Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

    Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

    Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

    Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

    Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

    Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

    SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

    SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

    Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

    Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

    SNP Government accused of failing to rule out 12% rise in water charges

    SNP Government accused of failing to rule out 12% rise in water charges

    SNP and Greens in Edinburgh council coalition talks as historic deal looms

    SNP and Greens in Edinburgh council coalition talks as historic deal looms

    Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

    Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

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      Inflation rises again to new 40-year high

      Inflation rises again to new 40-year high

      Bank of England hikes interest rates to 1.25%

      Bank of England hikes interest rates to 1.25%

      Hiring activity in Scotland slows amid steep decline in staff availability

      Hiring activity in Scotland slows amid steep decline in staff availability

      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

      Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

      Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

      Knowing The Debt Collection Practices

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      Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

      Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

      How to choose a spin bike (3)

      How to choose a spin bike?

      Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

      Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

      Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

      Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

      Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

      Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

      Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

      Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

      Magene MG70 Electromagnetic Indoor cycling bike (1)

      Magene MG70 Electromagnetic Indoor cycling bike

      Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

      Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

      Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

      Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

      Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

      Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

      Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

      Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

      Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

      Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

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        Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

        Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

        Nine red flag signs a phone could be hacked – from overheating to mystery calls

        Nine red flag signs a phone could be hacked – from overheating to mystery calls

        WhatsApp makes huge change to group chats for users from today

        WhatsApp makes huge change to group chats for users from today

        Email scam warning issued as fraudsters impersonate government and make enticing offer

        Email scam warning issued as fraudsters impersonate government and make enticing offer

        Apple warning as tech giant says replacement batteries could lead to safety issues

        Apple warning as tech giant says replacement batteries could lead to safety issues

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        ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

        ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

        Armband VS chest strap heart rate monitor, which is better

        Armband VS chest strap heart rate monitor, which is better?

        Parents warned against giving water to breastfed babies even in heatwave

        Parents warned against giving water to breastfed babies even in heatwave

        Sex can help men live longer – and has important health benefits for woman too

        Sex can help men live longer – and has important health benefits for woman too

        Monkeypox cases in Scotland grow as officials list two reasons to contact doctors

        Monkeypox cases in Scotland grow as officials list two reasons to contact doctors

      • Entertainment
        Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

        Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

        Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

        Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

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        Safe sex advice in new monkeypox guidance from experts amid UK outbreak

        Parkinson’s early sign could appear in sleep as experts warn to be on look out

        Parkinson’s early sign could appear in sleep as experts warn to be on look out

        Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

        Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

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        The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

        The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

        Wales’ green, yellow, amber and red school colour codes expected to be scrapped

        Wales’ green, yellow, amber and red school colour codes expected to be scrapped

        Exam board says grades ‘will be more generous’ amid A level paper complaints

        Exam board says grades ‘will be more generous’ amid A level paper complaints

        The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

        The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

        Did the Queen go to school and what did she study?

        Did the Queen go to school and what did she study?

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        Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

        Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

        Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

        Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

        Scottish independence: Who could lead pro-UK group during next referendum campaign?

        Scottish independence: Who could lead pro-UK group during next referendum campaign?

        Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

        Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

        Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

        Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

        Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

        Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

        Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

        Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

        SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

        SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

        Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

        Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

        SNP Government accused of failing to rule out 12% rise in water charges

        SNP Government accused of failing to rule out 12% rise in water charges

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Trending Tags

        • Business
          Inflation rises again to new 40-year high

          Inflation rises again to new 40-year high

          Bank of England hikes interest rates to 1.25%

          Bank of England hikes interest rates to 1.25%

          Hiring activity in Scotland slows amid steep decline in staff availability

          Hiring activity in Scotland slows amid steep decline in staff availability

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

          Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

          Knowing The Debt Collection Practices

        • Sports
          Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

          Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

          How to choose a spin bike (3)

          How to choose a spin bike?

          Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

          Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

          Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

          Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

          Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

          Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

          Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

          Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

          Magene MG70 Electromagnetic Indoor cycling bike (1)

          Magene MG70 Electromagnetic Indoor cycling bike

          Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

          Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

          Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

          Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

          Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

          Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

          Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

          Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          Trending Tags

          • Technology
            Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

            Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

            Nine red flag signs a phone could be hacked – from overheating to mystery calls

            Nine red flag signs a phone could be hacked – from overheating to mystery calls

            WhatsApp makes huge change to group chats for users from today

            WhatsApp makes huge change to group chats for users from today

            Email scam warning issued as fraudsters impersonate government and make enticing offer

            Email scam warning issued as fraudsters impersonate government and make enticing offer

            Apple warning as tech giant says replacement batteries could lead to safety issues

            Apple warning as tech giant says replacement batteries could lead to safety issues

          • Health
            ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

            ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

            Armband VS chest strap heart rate monitor, which is better

            Armband VS chest strap heart rate monitor, which is better?

            Parents warned against giving water to breastfed babies even in heatwave

            Parents warned against giving water to breastfed babies even in heatwave

            Sex can help men live longer – and has important health benefits for woman too

            Sex can help men live longer – and has important health benefits for woman too

            Monkeypox cases in Scotland grow as officials list two reasons to contact doctors

            Monkeypox cases in Scotland grow as officials list two reasons to contact doctors

          • Entertainment
            Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

            Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

            Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

            Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

            Safe sex advice in new monkeypox guidance from experts amid UK outbreak

            Safe sex advice in new monkeypox guidance from experts amid UK outbreak

            Parkinson’s early sign could appear in sleep as experts warn to be on look out

            Parkinson’s early sign could appear in sleep as experts warn to be on look out

            Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

            Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

          • Life Style
          • Travel
          • Education
            The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

            The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

            Wales’ green, yellow, amber and red school colour codes expected to be scrapped

            Wales’ green, yellow, amber and red school colour codes expected to be scrapped

            Exam board says grades ‘will be more generous’ amid A level paper complaints

            Exam board says grades ‘will be more generous’ amid A level paper complaints

            The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

            The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

            Did the Queen go to school and what did she study?

            Did the Queen go to school and what did she study?

          • Real Estate
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          Freedom and passion are the two main drivers for entrepreneurship

          May 29, 2022
          in Opinion
          Reading Time:4min read
          Share on FacebookShare on Twitter



          Earlier this week I chaired the final judging panels for the 2022 National Startup of the Year Awards.

          Comprising of over 100 entrepreneurs and business supporters who had given their time to support the recognition of the best new businesses in the UK, it was a difficult process given the quality of so many of the entries.

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          Having initially started the Wales Start-up Awards back in 2016 as a way of celebrating the best new Welsh businesses, I took what seems like a crazy decision last year to extend them to every region and nation of the UK.

          Fortunately, I haven’t had to do this myself after partnering with Cardiff-based Ideas Forums, who organise the Great British Entrepreneur Awards, to manage the expansion across the nation.

          Despite the hard work, it is has been an amazing journey with over 2,500 entries being whittled down to 900 finalists that have a collective turnover of £300 m and are employing over 5000 people across the UK.

          Reading those stories of entrepreneurial talent and sheer hard work was a humbling experience, especially if you consider that every finalist are less than three years old. This means they would have started their business during or just before the Covid pandemic and had grown their venture during the most turbulent economic environment we have ever experienced.

          More importantly, the diversity of the finalists and their commitment to sustainable development shows the real impact that new businesses will have on society and the economy.

          As an entrepreneurship academic for over thirty years, I know there are some real examples here that deserve further study and analysis especially in determining the so-called ‘secret sauce’ that leads to business success. Hopefully, I will be able to work with colleagues on this over the next 12 months to establish a proper programme of research into these incredible businesses.

          But what is clear is that there is increasing interest in starting new businesses across the UK despite the economic downturn caused by the pandemic.

          For example, the latest data shows that in 2021, there were 810,316 new businesses launched in 2021, the highest number of businesses on record and an increase of 22% when compared with 2019.

          In fact, the Global Entrepreneurship Monitor – the most comprehensive study of enterprise in the world – has shown that nearly 13% of UK adults are now running young businesses, which is the highest level since the late 1990s.

          And most of the interest in starting a new business is coming from 18-24 year olds with some studies showing that as much as 80% of ‘Generation Z’ have aspirations to become entrepreneurs.

          Of course, not all entrepreneurs are successful and around one in five start-ups fail in the first year with research showing that some of the key reasons are running out of cash, a lack of market need for services or products, and not having the right team running the business. Indeed, only half of the businesses started five years ago will still be in existence today.

          Yet despite this, more people are being motivated to start a new business although the reasons for doing this may actually very different to what many people would expect.

          For example, studies have shown that freedom and passion are the two main reasons for taking the plunge into becoming an entrepreneur, for example either creating something new from scratch or being their own boss. In contrast, less than one in ten of those who start a business are motivated by making more money.

          Another factor that emerged after the Covid pandemic is that of achieving a greater work life balance through more flexible working and, more importantly, not having to work for someone else and follow their rules. That is why, as part of the ‘great resignation’, people are deciding to work for themselves rather than someone else.

          And what about the effect of new businesses on the economy itself?

          As this column has pointed out many times, research shows that new firms less than five years old are the main contributors to job creation in any economy and the major disruptors in markets across the World. They are also drivers of social change and technological innovation and, through ensuring increased competition, help to drive up productivity.

          And what we have seen this year through the National Startup Awards is so many examples of new businesses that are actually doing all of this across the UK.

          Therefore, over the next few weeks, the start-up community will come together to celebrate the success of these businesses at venues in Belfast, Birmingham, Bristol, Cardiff, Glasgow, London, Manchester, Newcastle and Reading.

          More importantly, there will be an opportunity, yet again, to affirm, the importance of new businesses on the UK economy and to recognise the achievements of those hard working entrepreneurs who make a real difference in so many ways.

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