UA-41363846-1
  • Communication,  News

    Croatia

    Just returned from a recent visit to Croatia, partly for a break and partly for business. It’s a fascinating country strategically placed at the crossroads of Central Europe, the Balkans and the Adriatic Sea and close to the Mediterranean. The International Monetary Fund classified Croatia as an emerging and developing economy, and the World Bank identified it as a high income economy. Croatia is also an acceding state of the European Union, with full membership expected in July 2013. It’s also a country with a diverse climate ranging from continental to alpine and Mediterranean along the coast. Croatia’s Adriatic coast also contains more than a thousand islands. Altogether Croatia comprises…

  • Uncategorized

    On the road…

    On Sunday I flew out to Newark and in the next 5 days visited San Diego, Los Angeles, Houston, Michigan, Detroit and New York, a grand total of 12,463.85 miles. It’s been intense and included visits to highly secure research institutes, manufacturing plants and a few Attorney’s as we put in the ground-work to help launch a new business. Saturday at least gave me a chance to get back to my start point in Newark to catch up on a lot of paperwork before I headed back to the airport for one last flight this week – home! All that travelling has helped teach me not to worry too much about the…

  • Communication,  News

    Website and logo tidy up!

    It’s been a pretty amazing start to 2017 and despite a heavy workload and many new clients we have managed to do a bit of a tidy up across our digital assets. LinkedIn,Twitter, Instagram and Facebook have all been revamped and we have also updated our website with recent market events. Our services have remained broadly the same which is down to the amount of time we put in a the start to get them right and keep them simple! The website has had quite a few minor changes including a much extended footer section to include many more article and tweet links. The new website footer Audience wise we’re continuing…

  • Investment

    Invest and Sell – Dress to Impress!

    A Confidential Information Memorandum (CIM), also referred to as an Offering Memorandum (OM), Memorandum of Information (MOI) or the “book” is part of a sell-side M&A process. It’s typically created at the beginning of the M&A process by the Investment Bank contracted to assist the business. It provides a single point of reference for all the key information that a prospective buyer or investor would need to fully evaluate and come to a decision and its contents are broadly as follows: Overview and Investment Highlights Products and Services Strategy & Market Sales & Marketing Management Team Financial Results and Forecasts Risk Factors Appendices The CIM can be developed into both…

  • News

    Korolit Digital Media Stats

    We have not taken a look at our website analytics for a quite while hence the brief review we ran this morning was going to be interesting! 3 years ago we moved from a UK focused business to a more global one and this is certainly reflected in our audience with USA, EMEA, China and Russia now comprising our largest audience! It’s also great to see that 50% of our audience is returning on a regular basis, surprisingly however 90% are via desk top. It’s also interesting to note that 60% of visitors navigate to us directly with 30% using a Google search via a key word evenly spread between ‘korolit’…

  • Business Development,  News,  Strategy

    A Brexit Guide for SME’s

    Introduction The term Brexit has now become used as an encapsulation of the incredibly complex journey we have ahead of us in moving Britain out of the EU. The actual Brexit referendum was held on Thursday 23 June 2016 with a decision to leave carried by 51.9% to 48.1% with a turnout of 71.8% and more than 30 million people voting. England and Wales voted in favour of leaving but Scotland and Northern Ireland both backed staying in the EU by 62% and 55.8% respectively. There were prophesies of huge market impacts and the pound did slump the day after the referendum and it remains around 15% lower against the…

  • Business Development

    Transforming a business!

    Each Monday I face the usual rush to leave home in Bedford by 5am to get ahead of the M1/M25 traffic. After a long drive I drop the car off in Reading at 7am and take a short walk past the office to pick up a large Cappuccino from the local Starbucks before heading back to meet up with Antony Redmond and Jonathan Spragg, the joint founders of reqiva and the other early starting members of the management team. Starting a business from scratch is tough, long hours, stress and you have to pretty much do everything yourself from building the business plan to selling the products or services, plumbing…

  • Communication

    The UK Recruitment Industry

    At its simplest recruitment can be defined as the process of attracting, screening, and selecting a qualified person for a job opening. The global recruitment and staffing industry includes recruitment, or employment, agencies providing services for various business enterprises in different sectors. The market can also be grouped into temporary and permanent staffing markets. Over the past years I have worked on many sides of the recruitment business, as part of business leadership teams, responsible for managing PSL’s, hiring and in consulting to both recruiters and clients on how to improve the process. It is without doubt one of the most complex, challenging, at times intensely stressful and rewarding jobs…

  • Blog,  Business Development,  Strategy

    Why do start-ups fail?

    Introduction It is estimated that 70-75% VC (Venture Capital) backed start-ups don’t return the funds that investors put in with 50%+ returning nothing. VC database CB Insights reviewed more than 1,000 start-ups that raised seed rounds in 2009 and 2010 and found that by the end of 2015 less than 50% had secured a second round of funding. Just 22% achieved a sale or IPO and 1% reached a value of $1 billion. Starting your own business is the big dream for many of us, the opportunity to become your own boss and make a lot of money is hugely compelling and every second three new businesses are launched (11,000…

  • Investment

    Centaurs, Unicorns, Decacorns and Rabbits!

    With around $12 billion invested by VC’s across nearly 1,000 businesses in Q1 2016 (Source: PricewaterhouseCoopers LLP & National Venture Capital Association) alone there doesn’t appear to be any shortage of funds in the market! It is slightly lower (around 11%) than in 2015 but it’s also the ninth consecutive quarter with more than $10 billion in venture capital invested! IT, with software in particular, takes the lions share with just over $5 billion and with 50% of deals valued at $100M or more. Within that value $2.4 billion was focused entirely on Internet-Specific businesses. In second place came Life sciences and Biotech which totaled just over $3 billion in…

  • News

    Korolit website ‘refresh’

    It’s been a tremendous period of change here at Korolit as our business has progressively broadened its range of services in response to client demand and moved more into business consulting services. This has left our website lagging a bit behind as we have not had time to invest the effort to update it! We have now completed a ‘re-fresh’ to bring it up to date and also switched to a much easier to view lighter theme.  You might also notice our revised logo!

  • Investment

    Korolit’s forecast ‘Hot Technologies’ for 2016

    Introduction Each year we present Korolit’s strategic trends for the year ahead and this year is no exception. These are the technologies that we believe will be central to many businesses in the year ahead. Computing Everywhere Despite some initial reservations the rate of adoption for wearable devices such as smart watches and connected devices such as consumer electronics and screens will continue to accelerate. It is estimated that employee-owned smartphones and tablets used as part of bring your own device (BYOD) policies will increase to over one billion devices globally by 2018. This predicted figure, which accounts for 35% of all consumer mobile devices, is the result of increased…

  • Business Development,  Managed Services,  Strategy

    It’s time for businesses to use IT Operational Analytics!

    IT Ops Challenge Each layer of technology in the data centre is becoming progressively more complex to control and manage. The average server environment now has thousands of configuration parameters (e.g. Windows OS contains – 1,500+, IBM WebSphere Application Server – 16,000+, and Oracle WebLogic –  60,000+). The growing interdependence and complexity of interaction between applications also makes it increasingly difficult to manage and control business services. IT change is very much a fact of life and it takes place at every level of the application and infrastructure stack. It also impacts pretty much every part of the business! To meet these development challenges businesses have adopted agile development processes…

  • Business Development,  Strategy

    Want to build a Unicorn?

    Introduction Some small business owners can be content to continue running a small operation in return for a reasonable income. The term often used to describe this is a ‘Lifestyle’ business. Others are more driven and want to build their business, take a larger market share and realize greater levels of profitability. If you’re the owner of a business that perhaps aspires to be the next ‘Unicorn’, or ‘Deacorn’ then this post is more focused on your needs. If not then sit back and relax but bear in mind that, in a rapidly evolving business landscape, standing still might not be a safe strategy! Downsides to growing a business It’s…

  • News

    A few minor website changes

    Social Media We have re-worked the header social media links to make them a bit brighter and have also added in a Pinterest Link. Just click on the right hand side arrow to expose them. Social Media Log-in/Register and Twitter Feed The footer has also been updated with a Social Media log-in rather than form entry to speed the process and we have also added a Twitter stream.

  • Business Development,  Strategy

    What every CEO/MD needs to know about Big Data & Data Analytics

    Introduction In order to remain competitive, and viable, businesses now have to deal with a vast and rapidly growing sea of what has been termed ‘Big Data’.  They need to be able to transform this raw data, often in real-time, into more meaningful insights about their markets, customers, competitors, and to measure and manage their performance more accurately using using techniques such as ‘Data Analytics’. In many cases this represents a paradigm shift from their comfort zone of approaches based more on experience, guesswork, or painstakingly constructed models of reality. It used to be that Big Data and Data Analytics were the preserve of large global corporations but consider this…

  • Business Development,  Strategy

    Who gets to be CEO?

    Introduction The CEO is generally viewed as the overall leader of an organization. Not surprisingly it is also probably the most coveted and challenging role in any organization. Before looking at the role itself let’s take a look at a few interesting statistics on CEO’s: 60% are entrepreneurs who have founded at least one company 28% cite finance as their primary area of expertise. 78% are under 55 with the average age for an incoming CEO in 2014 51-55. The average age for exiting the post was 63. 90% are married and 96% have children 84% have a higher education qualification USA topped the salary list at $12.26M, UK were…

  • Investment

    Chief of Unicorn Division

    Introduction Executive titles and organisational structures are always hugely topical, and also hugely challenging! Get them right and you have the foundations for a highly motivated and focused team that can achieve greatness. Get them wrong and your business can become distracted, lose focus and possibly fail! Titles In recent years we have seen some bizarre executive titles. Google’s Larry Page, Sergey Brin and Eric Schmidt assigned Vint Cerf as their ‘Chief Internet Evangelist’. The title caused a bit of confusion for Cerf on a trip to Russia when his hosts asked if he believed in God as they understood the term “evangelist” to be a religious preacher! Buffer Co-founders…

  • Business Development,  Strategy

    Leveraging your Human Capital

    Introduction The World Economic Forum’s ‘Employment, Skills and Human Capital Global Challenge Insight Report 2015’ highlighted that Human capital will be the key factor linking innovation, competitiveness and growth in the 21st century. It also stated that more than a third of employers globally reported facing difficulties in finding talent last year and nearly half expected talent shortages to have a negative impact on their business results. The report stated that global organizations must navigate a “new world of work that requires a dramatic change in strategies for leadership, talent, and human resources. Many of today’s employees work in global teams that operate on a 24/7 basis. An increasing number…