{"id":3058,"date":"2017-10-27T16:08:05","date_gmt":"2017-10-27T16:08:05","guid":{"rendered":"https:\/\/www.sage.com\/en-gb\/blog\/?p=3058"},"modified":"2025-05-07T14:56:13","modified_gmt":"2025-05-07T13:56:13","slug":"does-where-you-work-impact-success","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-gb\/blog\/does-where-you-work-impact-success\/","title":{"rendered":"Does where you work in the UK impact how successful you can be?"},"content":{"rendered":"
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\n\t\t\t\t\t\t\tMoney Matters<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t
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\n\t\t\t\t\t\tDoes where you work in the UK impact how successful you can be?\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t

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\n\t\t\t\n\t\t\t\t\"\"\t\t\t\tAlan Laing<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n

We know, through the work we do with customers and partners, that entrepreneurs face different challenges depending where in the country they work from.<\/p>\n\n\n\n

To find out more we partnered with Nesta (an innovation foundation) who authored a report<\/a> highlighting a concerning productivity gap in the UK. It revealed that SMEs in some local authorities are up to 26 times more productive than others<\/a>, with local initiatives, business death rates and education all playing a part.<\/p>\n\n\n\n

Sage understands the challenges involved in making your entrepreneurial ambitions become a business reality, having started as a small business with big ambitions in 1981.<\/p>\n\n\n\n

We\u2019re really proud of UK entrepreneurs and want to showcase their brilliance. Despite ongoing economic and political instability, they\u2019ve shown significant resilience, with 29% more SMEs trading since 2007.<\/p>\n\n\n\n

But what can businesses do to help bridge the productivity gap that is so evident?<\/p>\n\n\n\n

Knowing about the support is half the battle<\/strong><\/h2>\n\n\n\n

We launched our report in the House of Commons with support from Vicky Moore MP, BBC Radio 4 business presenter Dominic O\u2019Connell and British businesswoman Emma Sinclair MBE.<\/p>\n\n\n\n

A clear message was that UK SMEs are blessed with resources and assistance. Emma, who co-founded software firm EnterpriseJungle, made the point that today’s UK SMEs have a \u201cdazzling\u201d array of resources that can be drawn upon.<\/p>\n\n\n\n

While Stephen Roper, Professor of Enterprise at Warwick Business School, was in agreement, he pointed out those resources and bodies behind them are ever changing in England.<\/p>\n\n\n\n

And one issue that\u2019s clear is even though there\u2019s a wealth of resources, not all businesses know what support is available to them.<\/p>\n\n\n\n

What\u2019s more, the forthcoming Industrial Strategy, which was announced in the 2016 Autumn Statement, is likely to change everything all over again. This could make it more difficult for businesses to know where exactly to go for support.<\/p>\n\n\n\n

\"BBC
BBC Radio 4 business presenter Dominic O\u2019Connell speaks at The State of Small Business launch<\/figcaption><\/figure>\n\n\n\n

Essential business support<\/strong><\/h2>\n\n\n\n

So, to help, we\u2019ve picked some resources that could make a real impact to your business:<\/p>\n\n\n\n

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  1. Thinking of turning your business dream into a reality? The School for Start-ups<\/a> gives practical advice for budding entrepreneurs.<\/li>\n\n\n\n
  2. Sage Advice<\/a> is the go-to source for businesses and accountants seeking practical advice and insights on managing everything from money to people. You can subscribe to the newsletter to receive the latest news, tips and advice straight to your inbox.<\/li>\n\n\n\n
  3. National Enterprise Network<\/a> offers impartial and independent advice, offering you support and training on starting or developing your small business.<\/li>\n\n\n\n
  4. Enterprise Nation<\/a> is a great community if you want to grow your business.<\/li>\n\n\n\n
  5. The Federation of Small Business<\/a> is a membership organisation that offers a wide range of vital business services, including advice, financial expertise and support, and it\u2019s a powerful voice in government. It also offers you great local networking opportunities too.<\/li>\n\n\n\n
  6. TED is an organisation that is dedicated to sharing ideas relevant to business leaders. It largely does this through its popular, insightful, inspirational and hugely motivational talks<\/a> (Ted Talks, as they are known). There are some great presentations on building confidence<\/a> too.<\/li>\n<\/ol>\n\n\n\n

    How to invest in your business<\/strong><\/h2>\n\n\n\n

    However, what if you have all the information you need but don\u2019t know what do with it?<\/p>\n\n\n\n

    Dominic said in his experience, SMEs thrive if they have invested in three things: links with a local university, strong inward investment and a focus on local business leaders.<\/p>\n\n\n\n

    To do this, you need to do the following:<\/p>\n\n\n\n

    Understand how you can support a university<\/strong><\/h3>\n\n\n\n

    This can be done in numerous ways, such as through support with training, mentoring or work experience. Creating links in these ways can offer so much value to a business.<\/p>\n\n\n\n

    You can use universities to share knowledge and insights, source new employees and network with key opinion leaders within a local community.<\/p>\n\n\n\n

    Establish what you need investment for<\/strong><\/h3>\n\n\n\n

    This will dictate the types of organisation you should build relationships with. A good starting point is approaching a business that you respect and aspire to be like and ask how they got to where they are \u2013 perhaps even using a leader there as a business mentor.<\/p>\n\n\n\n

    A lot of smaller businesses are using crowdfunding as a great source of investment \u2013 sources such as Crowdcube<\/a> may be worth considering if it is finance rather than advice that you need. Finally, this government page<\/a> signposts businesses to financial support on offer for a range of sectors.<\/p>\n\n\n\n

    Network with the right people<\/strong><\/h3>\n\n\n\n

    Don\u2019t underestimate the importance of networking. However, it must be at the right events, where the right people will be there for you.<\/p>\n\n\n\n

    If you are a sportswear retailer, attending a pharmaceutical event probably won\u2019t be relevant to you.<\/p>\n\n\n\n

    Seems simple but you could be so easily pulled into attending anything for fear of missing out.<\/p>\n\n\n\n

    Check in with your local city council to see if they are running any business events; your local Chamber of Commerce will have an extensive list of events too.<\/p>\n\n\n\n

    It\u2019s also worth creating a list of relevant leading business people related to your sector \u2013 and your ambitions as a business owner \u2013 that you could potentially network with.<\/p>\n\n\n\n

    Approach them personally (at an event or via social media, for example) about how you would like to learn from their business success to gain business insight. They may be busy but if you approach them in the right way, there\u2019s a chance they will make time to support you however they can.<\/p>\n\n\n\n

    However, it\u2019s not just about the information and support available. Emma admitted you need to be confident about your ambitions. She said there\u2019s \u201cno need to hide behind British modesty\u201d \u2013 be proud but remember that there is also no shame in failure. And she\u2019s right.<\/p>\n\n\n\n

    Shout loud and be proud.<\/p>\n\n\n\n

    Want to discover how productive your UK region is? Read The State of Small Business<\/a> to find out more.<\/em><\/p>\n \n

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    The secrets of small business growth<\/h2>\n\n\t\t\t\t\t\t\t\t\t
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    Tried and tested ways to take your business from start-up to scale-up.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tGet your free guide<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\"\"\t\t\t<\/div>\n<\/div>\n\n\n

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    Subscribe to the Sage Advice newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t
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    Join more than 500,000 UK readers and get the best business admin strategies and tactics, as well as actionable advice to help your company thrive, in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tSubscribe now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\"\"\t\t\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    We know, through the work we do with customers and partners, that entrepreneurs face different challenges depending where in the country they work from. To find out more we partnered with Nesta (an innovation foundation) who authored a report highlighting a concerning productivity gap in the UK. It revealed that SMEs in some local authorities […]<\/p>\n","protected":false},"author":335,"featured_media":2914,"menu_order":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"footnotes":""},"categories":[6],"tags":[124,19,17,15,47,129],"business_type":[4],"lilypad":[],"context":[],"industry":[],"persona":[73,74],"imagine_tag":[109],"coauthors":[451],"class_list":["post-3058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-matters","tag-business-support","tag-crowdfunding","tag-government-funding","tag-grow-business","tag-productivity","tag-state-of-small-business","business_type-small-business"],"sage_meta":{"region":"en-gb","author_name":"Alan Laing","featured_image":"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2017\/09\/GettyImages-610436768_super.jpg","imagine_tags":{"109":"Small business"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice UK","distributor_original_site_url":"https:\/\/www.sage.com\/en-gb\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/posts\/3058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/users\/335"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/comments?post=3058"}],"version-history":[{"count":0,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/posts\/3058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/media\/2914"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/media?parent=3058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/categories?post=3058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/tags?post=3058"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/business_type?post=3058"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/lilypad?post=3058"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/context?post=3058"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/industry?post=3058"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/persona?post=3058"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/imagine_tag?post=3058"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-gb\/blog\/api\/wp\/v2\/coauthors?post=3058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}