YHP http://yhponline.com Entrepreneurs In Depth | Be Inspired | Your Hidden Potential Wed, 28 Jan 2015 11:30:58 +0000 en-US hourly 1 How much are you worth? ValueMyCV tells you http://yhponline.com/2015/01/25/how-much-are-you-worth-valuemycv-tells-you/?utm_source=rss&utm_medium=rss&utm_campaign=how-much-are-you-worth-valuemycv-tells-you http://yhponline.com/2015/01/25/how-much-are-you-worth-valuemycv-tells-you/#comments Sun, 25 Jan 2015 00:44:07 +0000 http://yhponline.com/?p=37142 Don't get underpaid. With the help of Adzuna, a search engine for job ads used by over 6 million visitors per month, you can find out exactly what you should be getting paid! Adzuna have developed a new tool called … Continue reading

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Don't get underpaid. With the help of Adzuna, a search engine for job ads used by over 6 million visitors per month, you can find out exactly what you should be getting paid!

Email my boss ValueMyCV

Adzuna have developed a new tool called ValueMyCV. The tool analyses over 100 different aspects of your CV such as work experience, job titles, academic background and location to determine your market rate. Machine learning technology was used to build a predictive model for the complex relationship between these data points and individual salaries. When a user uploads their profile to ValueMyCV, the set of data points from their CV are processed by the model, which then generates a statistical estimate of their salary alongside suggested jobs, CV improvements and career pathways.

Doug Monro, Co-Founder of Adzuna, said “Personalisation is the future of job search. As well as revealing their market value, we believe that using someone's existing CV is a fabulous way to personalise their career journey."

Recent research shows that 57% of UK employees believe they are owed a pay rise. ValueMyCV will tell them if they’re right or wrong to ask the boss for more cash this January - and support their argument with data.

The ValueMyCV model has been trained using Adzuna’s Jobsworth salary estimate technology as well as tens of thousands of real CVs, and will continue to learn and improve based on usage.

Adzuna.co.uk was founded in 2011 by Andrew Hunter and Doug Monro. We interviewed them a month after they launched their beta site and had just raised £300k, back in 2011. Read the interview here.

 

 

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Why invest in a Business MA? http://yhponline.com/2015/01/24/why-invest-in-a-business-ma/?utm_source=rss&utm_medium=rss&utm_campaign=why-invest-in-a-business-ma http://yhponline.com/2015/01/24/why-invest-in-a-business-ma/#comments Sat, 24 Jan 2015 02:32:51 +0000 http://yhponline.com/?p=37120 Are you considering investing in your future by going to embarking on an MBA? It’s one of the biggest decisions you’ll ever make, particularly over the course of your professional career and very often a significant financial venture - so … Continue reading

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invest-in-your-future

Are you considering investing in your future by going to embarking on an MBA? It’s one of the biggest decisions you’ll ever make, particularly over the course of your professional career and very often a significant financial venture - so not one to take lightly. But the same widely-recognised rewards and benefits that follow a Business Masters degree felt by thousands of successful graduates in the past – an edge within an extremely competitive job market, a higher income, key roles that offer new and challenging opportunities - continue to attract students today.

To begin with, the salaries attract many. Numerous studies have shown that individuals who possess an MBA degree command higher wages. During a survey commissioned by the Graduate Management Admission Council (GMAC), an international non-profit organisation of business schools, 77% of Business School students who graduated in 2012 said their starting salary met or exceeded their expectations.

The process of landing a job in the first place is also significantly aided by the addition of an MBA on your CV – the experience also offers unrivalled potential for personal development, satisfaction and achievement. The value of a Business Masters goes further than merely financial estimates and security. A massive 93% of alumni who graduated between the years 2000 to 2011 said in another survey conducted by GMAC that their MBA was personally rewarding – this figure is said to vary no more than a percentage or two by graduation year. A vast majority – 87% - also felt that their degree had helped them improve their job satisfaction. A great job with a big responsibility and salary to match doesn’t necessarily equal contentment; but with 79% of MBA alumni believing their time as a post graduate helped them to manage their future work/life balance, the all-round enrichment and value of this kind of further education degree comes to light.

Over the course of your degree, you will gain invaluable insight into how to approach people and processes and be exposed to the different career paths on offer within the various business sectors. You’ll also be constantly expanding your network of contacts, a crucial factor in future business success and to an extent that you simply would not have been able to achieve before.

Business masters provide you with the relevant business knowledge, leadership skills and networking opportunities that are integral to your career. Take that step towards success by exploring the possibility of a Masters in Business today.

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Angel of the Year Dušan Stojanovic shares his secrets on raising investment http://yhponline.com/2014/12/16/angel-of-the-year-shares-his-secrets-on-raising-investment/?utm_source=rss&utm_medium=rss&utm_campaign=angel-of-the-year-shares-his-secrets-on-raising-investment http://yhponline.com/2014/12/16/angel-of-the-year-shares-his-secrets-on-raising-investment/#comments Tue, 16 Dec 2014 00:55:28 +0000 http://yhponline.com/?p=37102 Last month I was in Hong Kong to look at the state of the Hong Kong startup scene. It was Startmeup Week, a chance for Hong Kong to showcase their entrepreneurial talent and to establish further interest from abroad. One of … Continue reading

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Last month I was in Hong Kong to look at the state of the Hong Kong startup scene. It was Startmeup Week, a chance for Hong Kong to showcase their entrepreneurial talent and to establish further interest from abroad. One of the panels at the main event, InvestHK’s StartmeupHK Venture Programme, was called ‘A Conversation with … Overseas speakers’. On that panel was Dušan Stojanovic, who was named Business Angel of the Year in 2013. Dusan is Founder and Director, True Global Ventures. I interviewed him to learn more about what he looks for in an investment and why his have gone on to do so well.

Dusan Stojanovic, Founder and Director, True Global Ventures

Hi Dusan can you give me a bit of background to yourself?

I did my entrepreneurial exit in 2004 from a French internet bank called Monabanq. That allowed me to start Angel investing. Since 2004 I've done eighteen early-stage investments, ten of those in my own name and eight of those in True Global Ventures name - where I am the single largest shareholder.

Out of these 18 I've had six exits, five full exits and two partial exists and all actually have been in fin-tech payments which is related to my core understanding and my entrepreneurial exit.

I do have second investment thesis, which hasn't been as successful, which is more music, content and gaming –  but it also started a bit later, so basically it's a little bit too early to say how it goes.

But the first one has gone really well, and what I started to do in Stockholm and Paris, I then moved, not taking that much industry risk but keep investing in payments in fin-tech. Today it's Stockholm, Paris, where we originally started, but also in Berlin, New York, Silicon Valley, Bejing, Hong Kong & Singapore. These cities I’d find payments and fin-tech deals without any problem.

So tell me about how you got named as Angel Investor of the Year?

That was back in 2012 now. That year I had three exits in a week. The problem in Europe is that nobody celebrates success. If I would have been in the US I would say: “Listen guys, I did three exists within a week - who else in the world has done that?” In fact nobody has done that. Even Silicon Valley investors get impressed. But you're in Europe, and on top of that I am raised and born in Sweden. I don't want to say I’m ashamed of it, but in this environment, I feel I was very, very lucky to get that. That's how it felt you'd needed to communicate it.

It was in 2012, between 18th June - 25th June, one company got bought up in France, another one in Sweden, a third one in Paris got bought up by a company in Asia. I made 10x, 4x and 2x money, so they weren't huge exits – but it was great they all happened within a week!

When you're looking to invest in companies, what do you look for?

Now we have a very particular investment thesis that is very atypical in general. So first of all - I wouldn't take this as THE investment thesis that should be used. The reason is that we are covering eight cities. I can't do a lot of soft help to entrepreneurs. We're not an accelerator. But this thesis would only work because we’re in 8 cities, it wouldn’t work in only one city.

So our thesis is – we've done 350 investments individually, the 32 partners of us. So we only invest in serial entrepreneurs, at the same time they reinvest some of their exit money into their new venture.

The reason for that is that we help businesses in certain areas. We don't do the soft-coaching - we help them with introductions to get more business in the city where they are, and in the other seven cities where we are.

Then we help them in recruitment, for engineering and sales. We help them with a new round – which is the Series A we invested earlier, and then help them with the exits in terms of introductions. We only do introductions - they know already know how to deal with all that.

We are more of a crowd-sourcing angel community. So we have this call, every six weeks on Tuesday, at 7:00 PST, 16:00 CET, 22:00 Singapore, Beijing, Hong-Kong time, where all the partners are helping the serial entrepreneurs with introductions.

We don't consider that they need help with accounting, we don't consider they need help with legal, we don't consider they need to do an interview to recruit. He or she knows that. So from our point of our view they only need to be accelerated within what they do.

Finally what advice would you give a company looking to raise investment?

Whether you’re a first time or serial entrepreneur I think you need to show something that you've done that's different. Whatever it may be. As a student you bought tickets for Chelsea for example and managed to sell them for a higher price. But what you’re showing is that entrepreneurial nature. You managed to do something that's a little bit different. There's got to be some story around you and your team. Remember that story when you fundraise.

Secondly, find a team that is sufficiently crazy to do things that might be disruptive, but also that will not give up very quickly. We keep failing all the time, everyone does. Every single morning will be hard, but you want a team that won’t give up because the last 24 hours have been really hard.

The worst thing that can happen to a startup is a team change. It's not that you lose a customer. It's not that you don't get funding. Its team change – the founding team.

I have a clear statistics in my business. Intact teams I've always had exit with. While ones which I had problems with, were where some founders have left.

My third bit of advice would be to always focus more on getting financing from the customer, than from the investors. If you have a call and you tell an investor – ‘sorry, I just have to close this deal with a customer, can we talk later’, that's a perfect excuse to tell. You’re letting an investor that he's not top priority. That is critical in fundraising. To build up a deal pipeline of customers, as opposed to investors you're about to close. Because it triggers and accelerates the closing of fundraising.

That’s some great advice to close on. Thank you Dusan.

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Expert Business Advice for Tech Startups http://yhponline.com/2014/12/11/expert-business-advice-for-tech-startups/?utm_source=rss&utm_medium=rss&utm_campaign=expert-business-advice-for-tech-startups http://yhponline.com/2014/12/11/expert-business-advice-for-tech-startups/#comments Thu, 11 Dec 2014 01:10:07 +0000 http://yhponline.com/?p=37107 Are you a budding digital entrepreneur or a tech innovator looking to start your own business venture? Broadband Genie is one of the longest running broadband sites in the UK, and thanks to the dedication and hard work of its … Continue reading

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Are you a budding digital entrepreneur or a tech innovator looking to start your own business venture?

Broadband Genie is one of the longest running broadband sites in the UK, and thanks to the dedication and hard work of its team has gone from strength to strength to become one of the leading comparison services.

But when Broadband Genie launched in 2004 the digital landscape was very different. Now startups face an incredibly competitive and rapidly changing environment. In order to find out what it takes to create and grow a successful digital business in 2014, Broadband Genie has gone straight to the source to ask people who have been there and done just that to give us their business insights and advice.

Below we have insights from Wyatt Cavalier, the Managing Director and Co-Founder of Honest Coffees, a startup that sells single origin, specialty grade and Fairtrade coffee online.

Honest Coffees

What made you decide to start your business?

I'd spent several years working in banking (basically helping other banks make more money) and I wanted to do something more meaningful, something I'd be proud of fifty years from now. So I, along with my co-founder and wife, created a company that was basically the opposite of a giant bank. It's a company based on transparency, craftsmanship, honesty, quality, and maybe most importantly: treating people well.

Did you experience any difficulties when setting up your business?

Loads! An entrepreneur's job is mostly about learning how to do a million things you'd never thought about before, from minor things like setting up business banking accounts and registering with HMRC, all the way to creating a product people will want and getting the message out in a way that's congruous with your brand values. As an early CEO, your job is chief problem solver, and there's very little glamour to it.

What's the best thing about running a digital business?

It's the meritocracy of it all. It's got so cheap and easy to start a digital business these days, which means anyone with an idea and a tenner can do it. There's so much information out there about how to build a website, how to market it, how to grow your customer base, on and on, that you don't have to be well off or even well connected to make it work. The other side is that it gives a great platform, a megaphone really, to share your (hopefully) incredible product with any and all. No matter where they are in the world, producers of amazing stuff can find a target market.

What advice do you have for others looking to set up a digital business?

It's a long hard slog, and you'll have more bad days than good. Be conservative with your plans (multiply costs and timings x 3 and divide projected income by 3), have a strong support network and take a break if you're getting burnt out. A bedraggled you working 80% of the time at 50% will never compare to a bright and focused you working 60% of the time at 100%.

 

We also have advice from Joshua Davidson, the Managing Director of Night Zookeeper, an educational game that inspires children to create their own characters to live in a magical world.

night zoo keeper

What made you decide to start your business?

I had thought of the idea for Night Zookeeper seven years before we started the business. I thought it was a very exciting and important idea, getting kids to be creative with technology rather than just consuming it and I was amazed that time was passing by and still no one was doing it. It got to the point where I felt that it just had to happen. Importantly I also had close friends around me with skills to start making the business a reality.

Did you experience any difficulties when setting up your business?

We have faced lots of problems. The whole process was a massive learning experience. This was my first go at setting up a company and there was so much to learn. The main problem we had, which I suspect will be the one most commonly faced by people with an idea out there today, was a lack of money and technical expertise. It is very easy to dream big with digital, but if you can't code yourself, short of learning, you will need to find a developer who will share your vision and build the product with you.

What's the best thing about running a digital business?

I think the best thing about setting up a digital business, is the potential for huge scale. It is very exciting when you realise your product has been discovered and used in Osaka, Japan and Fargo, USA. It is also such a new field, the next idea could be the one to really explode your product to the world. NightZookeeper.com is the first website of its kind in the world. Children draw their own magical animals, write stories about them and then collect the work of other children around the world.

What advice do you have for others looking to set up a digital business?

Ask yourself just how much you love your idea. A business takes a huge amount of effort to get started, especially one with a novel concept or with an untested business model. It is incredibly rewarding if you put in the hours but to do that you really have to love what you do. If you demonstrate the long term commitment to make it successful it could be the best decision you ever made in your life. It was for me. Night Zookeeper is my passion and now it has fans around the world. We make children smile everyday. I couldn't ask for more from my career.

We hope you’ve been inspired by the experiences and advice of these two entrepreneurs. No matter what kind of digital venture you want to embark on, take on board the experience and acumen from these tech startup pioneers in order to make your digital dream a reality.

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Small Business Saturday UK – Building a strong economy from the bottom up http://yhponline.com/2014/12/06/small-business-saturday-uk/?utm_source=rss&utm_medium=rss&utm_campaign=small-business-saturday-uk http://yhponline.com/2014/12/06/small-business-saturday-uk/#comments Sat, 06 Dec 2014 13:31:04 +0000 http://yhponline.com/?p=37095 Small Business Saturday UK returns to today, Saturday 5th September. The first Small Business Saturday UK took place on December 7th 2013 and was hugely successful. Small Business Saturday UK was set up to encourage consumer spending in small independent retailers … Continue reading

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Small Business Saturday UK

Small Business Saturday UK returns to today, Saturday 5th September. The first Small Business Saturday UK took place on December 7th 2013 and was hugely successful.

Small Business Saturday UK was set up to encourage consumer spending in small independent retailers in the hope that people will see the benefits and keep it up throughout the year.

I think this point is crucial. It is great to have a day to showcase the hard work that small business owners put in. It can often be very difficult and susceptible to local changes such as a new superstore that can come in and destroy a small business. Small businesses are the foundation of the economy and make a big contribution, ensuring their sustainability and growth is of huge importance.

Chuka Umunna, Labour's Shadow Business Secretary brought the idea to the UK and identified 3 rules to make the Small Business Saturday UK work. Here's what he says they were: 

1. Be non-party political, I got in touch with local authorities and got their backing.
2. Operate from the bottom up, it wouldn't work if it was top-down.
3. Centre on small businesses, although several large businesses support it and are involved, it’s not about the large companies.

There are loads of ways to get involved as a business or a consumer. You can find out more on the Small Business Saturday UK website.

See how the rest of the country is rallying together: #SmallBusinessSaturday

 

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