Tuesday, 29 April 2014

Cutting tax and red tape is not enough for Britain's entrepreneurs

There is no doubt that the coalition government could do more to cut taxes and red tape, but this alone is unlikely to dramatically improve the number of globally successful entrepreneurs and businesses.

We need action on four fronts:

First, Britain needs to get better at providing working capital to those thinking of setting up or scaling their business. 

Second we need an immigration policy that is more welcoming to the talent that entrepreneurs need to grow their business. 

Third, we need to be less risk averse, and recognise that most successful entrepreneurs will fail before they succeed. 

Finally and most importantly we need to encourage our entrepreneurs to think big. There is evidence that only 1% of small businesses in the UK have high growth potential, compared with 3% in the US. 

A version of this was published as a letter in the Daily Telegraph 29 April 2014

Friday, 21 March 2014

Britain's universities are serious about business

Tim Farron MP, President of the Liberal Democrats, was right to highlight some of the challenges facing all entrepreneurs in this country - but the idea that Britain's scientific community is failing at business is simply not accurate.  

Saturday, 15 February 2014

MOOCS - too big to succeed?

It seems that rumours of the imminent demise of campus-based higher education - in favour of free online MOOCs - have been greatly exaggerated. Well - apparently according to an article in the Financial Times, Stanford University President, John Hennessy claims that MOOCS are neither massive nor open.