Check out the latest edition in our business round up series, where we pick out the best of the news and online features that speak to small and medium businesses.
This week sees a lot of SME advice based on case studies of businesses who have been there, done that, and enjoyed success along the way. From the ownership business model of John Lewis, to tips from The Telegraph’s ‘Festival of Business’, to one business owner’s brave choice to become self-employed after 40 years out of the market: it’s all here.
Feature of the week
Could the John Lewis model work in any industry? | The Telegraph
That’s right, John Lewis aren’t only about creating Christmas adverts that tug at the heartstrings – they’re also known for popularising the employee ownership business model. This article speaks to the benefits of switching to a system where employees hold the majority share in a company, instead of a stock market flotation.
Employees have a financial stake in the company, normally by owning shares, and also get to have a say in how the business is run. We wonder if #MontyThePenguin has a share?
See what other headlines were in the running for business feature of the week…
Latest research from ONS (Office of National Statistics) shows that there are now 4.54 million self-employed people in the UK, which is 8% higher than last year. This feature looks at one story, a furniture designer who went self-employed at the age of 64 with much success, after being a housewife for 40 years.
Advice for SMEs hoping to ‘conquer the world’ | The Telegraph
This piece features highlights from The Telegraph’s ‘Festival of Business’, including advice from big business owners such as the founder of Hotel Chocolat (who unexpectedly found out that their Champagne Truffles had enough alcohol content to be classed as explosives when exporting to the US).
Five exporting myths busted | The Guardian
‘No company is too small to export’ is one of the key messages of this myth-busting article on exporting goods. Coming from the chief executive of UK Trade and Investment, these five snippets of info are enough to make traders reconsider the possibility of exporting abroad.
Business is tough, particularly for start-ups, so staying innovative is one sure-fire way to stay ahead. This feature serves up three points to keep in mind, with plenty of real-life examples to learn from.