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  • Blog,  Strategy

    ‘New Normal’ will be profoundly different!

    As we all start to look forward to an easing of lock-down its worth taking a look at some of the changes we are likely to see as part of an emerging ‘New Normal’ and there is a degree of consensus that the some of these changes taking place will be long term and quite profound in nature, as they have been after pandemic event in our history, including the Black Death in Europe in the Middle Ages the Spanish Flu of 1918. It would be great to see a conversation open up around all of these projections so please add your comments. Trains Trains have arguably never been so critical…

  • Business Development,  Investment,  Strategy

    Innovate

    The global COVID-19 pandemic is a human tragedy that is also having a growing impact on the global economy and has fundamentally changed our experiences as customers, employees, citizens and humans. Companies across the world are struggling to deal with these unprecedented changes, and it’s worth noting that many global businesses actually rose out of tough economic times. General Electric, General Motors, IBM, Disney, HP, Microsoft, FedEx, Electronic Arts, Burger King, CNN, Hyatt Hotels, AIRBNB, Groupon & WhatsApp were all launched in a recession, and Google, Salesforce, and Facebook were launched shortly before a recession. A study released by the Kaufman Foundation in 2009 found that over 50% of Fortune…

  • Business Development,  Investment,  Strategy

    Start-ups have reason to be positive!

    Introduction We are in a very weird place, social isolation, death, illness, and a declared national emergency have had an immediate impact on industries that cluster people; conferences, trade shows, airlines/cruise ships and all types of travel, the hospitality industry, sporting events, theatre and movies, restaurants and schools. Large companies are telling employees to work at home. Large retail chains are shutting down their stores. We all know local businesses that may not be around when the dust settles! If you’re about to launch a new business, or running one, this is going to be a stressful and discombobulating time. It’s also a time of huge opportunity, and that is…

  • Business Development,  Investment

    China is on the road to recovery…

    We badly need some positive news so here goes – ‘By March 24th around 75 percent of China’s workforce had returned to work, compared to February 2020, when less than 20 percent of workers were back on the job. https://mck.co/2R3fdBY via @McKinsey

  • Blog,  Communication

    Our amazing supermarkets!

    Just a simple post to extend a very huge thank you to our supermarkets, staff, delivery drivers, farms, and all other producers, who have taken fast and decisive action to address the needs of our elderly, ill and emergency services. They are battling through a self-inflicted crisis brought on by a minority of people to ensure we all have food and other basic items to buy.  The expression “L’Angleterre est une nation de boutiquiers.” (‘The English are a nation of shopkeepers’) was probably borrowed by Napolean from the Scottish economist Adam Smith, in his Wealth of Nations, 1776 was meant to be derogatory at the time but it is actually…

  • News

    Updated Website

    Over the past few months we have been busy updating the website and it is now finally ready to share. So, what’s changed? There is an entire new home page that now reflects much more closely where Korolit has been focused and hence there is now a lot of useful information on start-ups, SME’s and  investment. The range of blog subject areas had expanded beyond a secondary index so this has been dropped and you can search a topic if required.  Every other page has been updated substantially with all new images. The contact page now has a form alongside the e mail links to make it easier to reach us…

  • Communication,  News

    Obelisk7’s debut at Bournemouth7’s 2019

    Bournemouth 7s Festival is the World’s Largest Sport & Music Festival attracting over 30,000 people and 400 Sports teams to the picturesque surrounding of Bournemouth Sports Club over the May Bank Holiday each year.  By Day, over 400 Rugby, Netball, Dodgeball, Hockey and Volleyball teams will compete in a range of elite and social sports tournaments across the 65-acre festival site. By night, the festival offers 15 beautifully themed festival arenas with a truly unique festival atmosphere inspired by the sporting audience and created by a host of headline DJs and live bands.  The award-winning festival, which has just celebrated its eleventh year, has been growing rapidly since 2008 and…

  • Uncategorized

    British Chamber of Commerce (BCC) Forecast

    The latest British Chambers of Commerce (BCC) forecast makes interesting reading as Brexit uncertainty continues to impact confidence levels and has resulted in a downgraded growth forecast of just 1.2% in 2019 (down from 1.3%), which if realised would be the weakest growth in a decade. The BCC has also downgraded its growth forecast for 2020 to 1.3% (down from 1.5%) and published its first forecast for 2021 of 1.4% growth. Business investment is also forecast to decline by 1.0% in 2019, which would be the weakest outturn since the financial crisis in 2009. Ongoing uncertainty over the UK’s future relationship with the EU continues to impact investment intentions.  Average…

  • Business Development,  Strategy

    The Fourth Industrial Revolution

    We’re now well underway to our fourth industrial revolution based on a foundation of technological innovation and convergence that will fundamentally alter the way we live, work, and relate to one another. In terms of scale, scope, and complexity this transformation will be the most significant and will dwarf the previous three! The First Industrial Revolution was based on water and steam power to power global production and the Second was based on electricity to scale our mass production capabilities. The Third introduced electronics and information technology to automate and introduce intelligence into production. The Fourth Industrial Revolution is being built on a foundation of a digital revolution that has…

  • Blog,  Business Development,  Strategy

    Want to sell far more products and services?

    Steve Jobs, former CEO of Apple, is often quoted as saying he didn’t listen to customers. While he may have said that early in his career, he later admitted that it had been a mistake, and that his greatest successes happened when he listened to his customers. “You’ve got to start with the customer experience and work backwards to the technology,” he said. “What incredible benefits can we give to the customer?” Perhaps that’s why Apple has sold more than a billion iPhones in the past decade, one of the single best-selling tech products of all time. It is also well documented that CEO Jeff Bezos is incredibly customer focused…

  • Blog,  Business Development,  News,  Strategy

    State of Women Owned Business Report – Commissioned by American Express

    All we need share is: The number of women-owned businessessurged 58%, while all businesses increased only 12%. Total employment by women-owned businesses rose 21%, while for all businesses it declined 0.8%. Total revenue of women-owned businessesjumped 46%, while revenue for all businesses increased 36%. It’s pretty compelling?    

  • Investment

    How to choose the right investor

    Introduction If you have built a company fast, with good revenue, margin levels and have a great profile in the market It will only be a matter of time until Private Equity investors start to hunt you out. If they do, or you are interested in some additional capital and support, I would initially suggest reading my first article entitled ‘A Primer on Private Equity’ as choosing the right investor to fund your business growth is both a critical and huge decision. The brief article below will help you to identify which firm best suits you! Key considerations Understand why: To date you have been pretty much master of your…

  • Investment

    A Primer on Private Equity

    Introduction I wrote this article as so many firms I work with have an interest in but lack much insight into how Private Equity works. Perhaps worse, some manage to convince a Private Equity firm to invest in the project and both parties then experience a painful, and in some cases adversarial, journey. It can also be an incredibly rewarding partnership if the target outcomes are clear, agreed and both parties are working closely and openly to achieve shared goals. Private Equity is capital not listed on a public exchange as it’s composed of funds and investors that directly invest in private companies, or that engage in buyouts of public…

  • Strategy

    Towards a more sapient and connected world

    Introduction We’re seeing a progressive slowdown in the rate of hardware change in our smartphones these days as individual innovations comprise smaller incremental enhancements rather than huge step changes. Where the relative rate of change of a device has slowed the rate of change in the combined capabilities of the app’s and in the integration of devices across an intelligent and connected internet are accelerating at a breathtaking rate! Every technology described here is connected to some degree and contributing to this sum of change, working to transform the way we work, and perhaps taking us one further step to a fully connected world and one where AI is far…

  • Strategy

    Brexit is part of a perfect storm for UK retail

    I recently went back to the KPMG Annual Retail Survey 2018 (published Jan 2018) and it’s both striking and worrying just how closely we’re tracking to it. Retail wasn’t fully considered in the Brexit planning process and that probably contributed to the bizarre behaviour we saw in the aftermath of the referendum, as UK consumers kept on shopping! David Davis (the Brexit secretary) stated at the end of 2017 that no economic impact study had been undertaken before the cabinet decision to leave the customs union just an analysis of market sizes etc and that and no assessment had been made of the possible economic effect of a no-deal Brexit…

  • Business Development,  Strategy

    PR vs Marketing

    Companies often confuse PR and marketing but they fulfil very different requirements: Focus – Marketing focuses on products and services and PR focuses on people and relationships. Function – Marketing activities drive sales activities and they can be aligned to discrete KPI’s and targets. In contrast PR supports an organization’s goals and objectives and is much harder to quantify. Target – Marketing works to meet customer demands to sell goods and services. PR targets a range of personas and goals that collectively support an organization’s objectives. Examples include customers, the media, employees, suppliers, the community, investors, political leaders, financial and trade analysts etc. Collateral benefits; PR drives organizational success by building…

  • Business Development,  Communication

    Joy – Netflix

    My wife found this on Netflix last night and for anyone considering life as an entrepreneur it’s just brilliant viewing. More valuable than much of the management consultancy out there, or a heap of books and a heck of a lot more enjoyable (great acting by Jennifer Lawrence, Edgar Ramírez, Robert De Niro) https://www.netflix.com/gb/title/80064513

  • Blog,  News

    Florida and a lot of air miles!

    If I have to pick any airline to take me out to the US it has to be Virgin Atlantic, the lounge is just outstanding with an incredible menu and just about every service you could imagine from a shoe shine up to a full spa treatment! It’s also nice getting to go through a fast track security check. As soon as I hit New York I stick with United, the benefits are not as good as if I were a US citizen but it has great coverage and its really easy to arrange and change flights on-line. My initial plans were to have a lay-over in New York ahead…

  • Communication

    Chicago, Salt Lake City and New York

    Back out to the US this week and covered a lot of ground including Chicago, Salt Lake City and New York. Unfortunately due to Hurricane Irma we decided to postpone Florida as we didn’t want to take up valuable airline and hotel places that could be put to much better use. It was a particularly tough time over there and we extend our heartfelt sympathies to all those who lost homes or loved ones. Probably the most epic time of the week was the road trip from Salt Lake City up into the Utah hills to visit a bunch of guys who presented us with what looked like a Bagel…