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Future Business leads you through the evolution of sustainability, social responsibility, diversity and leadership, through the development of global trade and industry in an environmentally accountable future

27/07/2023

Can Sustainability Work with a Focus on Bottom Line?

In a time of continued geopolitical turmoil, with a looming worldwide recession, persistent inflation, a cost of living crisis, and a stated need for companies to work on reducing the physical impact they cause with climate change, it’s no wonder there’s a lot of concern surrounding businesses in every industry about whether they can maintain sales from their customers, balance costs and environmental impact, and still make a bottom line.

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Is it possible for sustainability to work, whilst still focusing on the bottom line? We delve into how it can all work.

24/07/2023

Five Warning Signs That Poor Leadership is Costing Your Business

Whether you’re leading your team yourself or have a layer of management between yourself and your employees, effective leadership is absolutely crucial for a successful business. Poor leadership has been shown to cost businesses up to $550 billion annually, and up to 79% of employees may quit their jobs due to a lack of appreciation.

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What are the five main warnings signs that you need to aware of to know that poor leadership is costing your business.

13/07/2023

What is Smart Data and Should Your Business Be Making Use of It?

Access to the digital world has seen companies obtain an unprecedented amount of data and it can be overwhelmingly complicated to handle, especially for those that don’t have the infrastructure to handle data processing and the data engineering tasks required to set up the channels to make that information useful.

When it comes to the varying categories of data, two of the most commonly mentioned and discussed are ‘big data’ and ‘smart data’. Although both deal with information, there are key differences between the two.

Big data is focused on volume, speed, and variety – it’s the umbrella term for your data on a larger scale, with functionality as a focus, which is designed to sort this information and make it usable.

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We’re delve into the meaning of smart data, and how you can make use of it within your business operations.

10/07/2023

Are You Educating Your Team on Sustainability?

Sustainability is one of those topics that is under discussion so often, that it might start to feel insignificant or insular, like it doesn’t particularly matter outside of being the ‘thing of the moment’. But this couldn’t be further from the truth. As awareness continues to grow, and companies take firm action to show their commitment, employees are getting involved, and their opinion on sustainability and eco-friendly actions is making a difference in how, when, and where they work.

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Empowering your employees with knowledge on sustainability fosters a culture of responsibility and drives positive environmental impact.

06/07/2023

Are You Making the Most of Your Digital Content?

The digital world has made companies more accessible than ever before, and the ability to reach customers at any time of day or night, with campaigns and content that don’t cost as much as traditional marketing methods, has meant that having the right digital marketing strategy can make the difference between being seen, heard, and making sales – or not.

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In today's world, maximizing the potential of your digital content is crucial for business growth and success.

04/07/2023

How Often Should You Update Your Business Technology?

Business technology is designed to make processes simpler, easier, or more efficient – but to manage this, it needs to be regularly maintained, optimised, and when appropriate – updated.

Knowing how often you should be reviewing your tech, and when it should be scheduled for updates, upgrades, or replacements, isn’t exactly an easy task – and it will largely depend on your own individual circumstances, the platforms, apps, and programs you’re using, and when the last time you checked over the hardware.

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In this business landscape, how often should you upgrade your business' technology and what are the signs that you need to upgrade?

29/06/2023

What are the Dangers of Not Embracing Diversity in Business?

Diversity is a topic that has been important for businesses for awhile now, and although plans, procedures, and even legal ramifications have been generated to make the workplace more equitable, there is still a way to go yet before diversity can be considered normal – in fact, only one in five (around 19%) of companies currently have a diversity, inclusion, and belonging lead – so there is still plenty to be done at higher levels where businesses are not embracing diversity to ensure equality across the board.

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By not embracing diversity, businesses can put themselves at risk of losing customers, investors, support, and money as a result.

28/06/2023

Creating a Long-Term Business Plan: What Should You Consider?

As your business grows and evolves, there may come a point where you start to look internationally. Now, to clarify – we’re not talking about selling internationally from a domestic location, we’re talking about opening and operating an expansion of your business in an international location, and perhaps even taking some of your production overseas.

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What should businesses consider when developing a long-term business plan that will help them grow, evolve, and change as time goes by?

23/06/2023

Interviewing for High-Ranking Positions: Key Questions to Ask

Bringing in new energy, ideas, and inspiration can help revitalise, develop, and grow businesses – and whether this is from the ground up, or from the top down, it’s important to have the right people. But how do you know who the right people are? What should you be asking, and doing, in order to fill the high-ranking positions with the right talent?

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Discover the crucial questions that will help you identify top talent and make informed decisions for high-ranking positions.

22/06/2023

What are Sustainable Supply Chains and Why are They Needed?

Regardless of the industry or location, companies across the globe are finding that sustainable business practices and the adoption of greener technology are leading to lower costs, improved business value, and more sales.

Sustainability isn’t just a surface issue, one where a company can say, “we’re sustainable” and not put the effort in – more and more people, consumers, investors, and business partners, are looking for businesses who are investing in and practicing sustainable business practices – and this relates to the entire company, not just the public face.

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Sustainable supply chains promote environmental responsibility and resilience, driving long-term success for businesses worldwide.

20/06/2023

Tech Upgrades: Embrace the Change or Stay Put?

Keeping your company up to date with the latest tech upgrades and innovations and utilising the most cutting-edge applications is not an easy task, and for some businesses – it’s not even a necessary task, like the old saying goes, “if it’s not broke, don’t fix it.”

However, no matter how much you want to leave things as they are, there is a balance that needs to be found when it comes to updating your technology, both software and hardware, because regardless of what industry you’re in, there is a certain level of technology you will be using, and as it continues to evolve, there is always going to come a point where you find an upgrade necessary.

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In the fast-paced world of technology, the question remains: Should you embrace tech upgrades or stay put?

19/06/2023

Upskilled or Underskilled: Do Your Employees Have the Right Tools for their Jobs?

Your employees having the right tools for their jobs or “the right tool, for the right job, in the right way” as the phrase goes, and whether your team are using specific items, need specialist digital software or devices, or their tools happen to be knowledge, equipping your employees with the right materials can make an enormous difference when it comes to productivity, output, and even retention.

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All round, from employee satisfaction to profits, making sure your employees have the right tools for their jobs makes sense.

15/06/2023

Five Sustainability Awards to Aim for as a Business

Being a sustainable company is great for the environment, can appeal to customers and improve the bottom line, and even save money when it comes to more effective and efficient processes. It is a lot of hard work and can take a considerable amount of time and effort to reach targets and goals – and you want to make the most of what you’re doing, and that should include a PR and marketing initiative, after all – you’ve done something amazing, and your customers, investors, and other stakeholders should want to know what you’re doing as well!

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What are some of the most prestigious sustainability awards that can elevate your business's commitment to a greener future?

08/06/2023

Getting Your Staff Invested in Your Business: Tips to Build a Better, Greener Team

Being a ‘green’ business is desirable – not just because it’s important to look after the environment, and to do your bit to make the world a better place; but because customers want to support sustainable businesses, investors want to look at companies that build a better, greener team, are going to be a smarter financial option in the future, and employees want to work for companies who aren’t just paying lip service to matters of importance.

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Establishing green practices is crucially important in modern business so trying to build a better, greener team will aid your business.

06/06/2023

Green Management: Five Top Tips for Improving Sustainability at Office Level

Whether you’re introducing sustainability, developing an existing process, or have been going green for a long time – having the support and backing of your employees is vital to see real, genuine, and long-lasting change.

Turning a business into a more sustainable version of its self can be expensive at the outset, especially if the company hasn’t been updated or upgraded in a long time; there are many compelling reasons why you should undertake this process, and reasons why it’s beneficial in the short, medium, and long term – but it’s also important to understand, that if you don’t have a company culture that supports your green endeavours, it’s going to take longer, cost more, and ultimately may fail.

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https://future-business.org/green-management-sustainability-office-level/

Improving sustainability at office level requires the importance of developing a culture where sustainability is a genuine.

02/06/2023

Strategy Diversity: How Should You Implement a Diversity Plan in the Workplace?

It is largely accepted that more diverse workplaces achieve better results and have happier employees, with diverse teams making better decisions 66% of the time and diverse companies being 70% more likely to capture new markets. These workplaces tend to have some sort of diversity plan.

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https://future-business.org/strategy-diversity-plan-workplace/

To achieve diversity within a company, implementing a comprehensive diversity plan that outlines the objectives and goals can help.

01/06/2023

How AI is Reshaping the Business Landscape

Artificial Intelligence (AI) has been around as a concept and idea for a long time now – longer than you might actually think (the first successful AI program was credited to Christopher Strachey in 1951), but recent advancements in technology and the way in which people work, have seen the popularity of AI tools and programs rapidly increasing of late.

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https://future-business.org/ai-business-landscape/

What is the profound impact of Artificial Intelligence (AI) as it is continues reshaping the business landscape?

30/05/2023

Warning Signs Your Business Might Be Failing: Five Red Flags to Watch Out

Going into business is a difficult, stressful, and generally complex process and for some people – it lasts a lifetime. But for others, there are often times when the market seems to fall out from under them, the global economy changes, or something else happens – and the business, which may have been doing really well in the quarter before, is suddenly struggling to survive. Not every change in fortune is sudden, and there are actually some red flags, which – once you know what they are – can and should be watched out for, in order to help your business stay strong, and get over the hard times.

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https://future-business.org/five-red-flags-business/

We list five red flags for business owners to watch out for that provide warning signs that their business might be failing.

25/05/2023

Is a Bad Investment the End of Your Business?

Building a company and growing it to high levels of success is the aim for every business, and it’s not easy to get to the stage where you have money to manage your growth. For many, investments – especially early in the company’s history – can mean the difference between trading or failing, and even as a company grows, how and where you invest your funds matters significantly and no one wants to make a bad investment.

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https://future-business.org/bad-investment-business/

Making bad investment choices can have dire consequences, potentially jeopardizing the existence of your business.

24/05/2023

COP28 Preview: The Talking Points So Far

As the world continues to grapple with the devastating effects of climate change, global leaders and policymakers are already gearing up for the next United Nations Climate Change Conference – COP28 – and establishing the course of action required to make sure that this conference delivers the correct promises needed to help get runaway climate change under control.

This year’s climate summit, the 28th meeting of the Conference of the Parties, is only six months away, taking place in Expo City Dubai, United Arab Emirates (UAE), and will convene from Monday 6th November until Friday 17th November.

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https://future-business.org/cop28-talking-points/

As the imminent arrival of COP28 approaches, we delve into several pivotal discussion topics that demand attention and scrutiny.

22/05/2023

Is International Expansion Right For Your Business?

As your business grows and evolves, there may come a point where you start to look internationally. Now, to clarify – we’re not talking about selling internationally from a domestic location, we’re talking about opening and operating an expansion of your business in an international location, and perhaps even taking some of your production overseas.

Not every business is going to find international expansion to be the right move, and even those who feel like they would benefit from it, need to carefully consider a whole variety of factors, legalities, timings, and processes before taking that step.

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https://future-business.org/international-expansion-business/

International expansion can unlock a lot of things for businesses but isn’t an action you should take without careful consideration.

19/05/2023

Is Positive Discrimination a Good or Bad Thing?

As more companies focus on inclusivity, diversity, and providing equitable opportunities – there comes a question of whether ‘positive discrimination’ or ‘affirmative action’ should be allowed, and whether it’s good practice for a business to undertake.

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https://future-business.org/positive-discrimination-good-or-bad/

Positive discrimination in the workplace is a debated topic with discussions around whether it is beneficial for businesses to utilize.

18/05/2023

Five Big Mistakes You Want to Avoid in Your Business Plan

Crafting the perfect plan is difficult – and no two plans are likely to be the same, since they depend on the circumstances of the company, the objective, and the team behind achieving the results. Despite this variation, there are a few important points that remain consistent, and remembering to keep these covered will help you make the most of your opportunities, and improve the quality of your professional business plan.

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https://future-business.org/five-big-mistakes-business-plan/

Ensuring you have a well-thought out business plan is crucial. We list five big mistakes to avoid in your business plan.

16/05/2023

The Pros and Cons of Doing Business in China

Whether you’re looking to take your business abroad, or expand to trade on an international level, there are plenty of locations around the world that can offer companies a lot of benefits and options that make the time and expense worth the effort. China is one destination that can be very appealing to businesses looking to head overseas. With a population of more than 1.4 billion, a rapidly growing middle class, and recently more flexible economic conditions and restrictions – it is one of the most lucrative international markets in the world.

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https://future-business.org/doing-business-in-china/

China is a destination that can look appealing to businesses when expanding. We look at some of the pros and cons of doing business in China.

10/05/2023

Breaking Down the Best Methods of Raising Funds for Your Business

Taking your business to the next level of growth isn’t an easy task, it takes a lot of time, effort, planning, and funding – and getting the finance together to make a difference can be tricky, if you take too many risks, you might end up in debt and damaging your company, but if you leave it too long – then you could miss out on prime opportunities and end up stagnating instead.

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https://future-business.org/best-methods-of-raising-funds-business/

Looking to raise funds for your business? We explore three of the best methods of raising funds for your business.

09/05/2023

The Most Common Investment Scams and How to Avoid Them

It’s an old saying that it ‘takes money to make money’, and for business this is often very true – but knowing when, where, and how to invest your funds is definitely not as simple as you might think. In 2022, the FBI reported that $10.3 billion was lost to online fraud, and investment scams were topping the list of the fraud type that businesses were most concerned about.

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https://future-business.org/most-common-investment-scams/

Business owners have been increasingly anxious about the rise in investment scams. We view the most common investment scams you should avoid.

05/05/2023

How Dependent is Your Business on Technology?

Technology has made the world a smaller place when it comes to engaging with customers, reaching out to other businesses, and sourcing new materials for products, and this has been a good thing for business – there are more options, costs can be reduced, and new techniques allows for production (and production methods) that wasn’t available before. But how dependent is your business on technology?

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https://future-business.org/how-dependent-is-your-business-on-technology/

Technology has become an integral part of successful modern business operations, but is your company too dependent on it?

04/05/2023

Sustainable Architecture: What is it and Who is Using it?

As part of the effort to make the world a more sustainable and better place, architects across the world have been looking at how they create and develop buildings and innovating new and exciting methods to not only constructing them, but also determining how they will function and what added benefits these creations can have to the environment. Introducing sustainable architecture.

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https://future-business.org/sustainable-architecture-what-is-it-and-who-is-using-it/

An increased number of businesses are looking into sustainable architecture, a process that prioritizes environmental responsibility, resource efficiency, and occupant well-being.

27/04/2023

How Many Businesses are Investing in Sustainability?

With sustainability being one of the most prominent topics in business discussion today, you might be forgiven for thinking that investing in sustainability, sustainable development and changes to the way businesses handle themselves has been a slow and involved process that has seen a slow-take up and rollout.

In some respects, you’d be right – championing sustainability, and pushing for more eco-friendly solutions has been around for a long time, but the driving force and need to become sustainable has only more recently become more of a priority; even as close as 2021, only 12% of businesses saw sustainability as a significant priority – yet by 2022, 80% of corporate businesses have said they do have established internal environmental sustainability goals for energy evolution and efficiency.

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https://future-business.org/businesses-investing-in-sustainability/

Many companies are realizing that investing in sustainable practices isn't just the right thing to do, it's also good for their bottom line. But how many businesses are making sustainability a priority?

25/04/2023

Five Questions to Ask Yourself When Preparing Your Business Budget

Making the best use of your money is a business-critical task and preparing a budget – whether it’s for a single project, or for the year – can be a daunting task.

In order to make the best use of your time, resources, and of course – your money, you need to have a strategic plan developed ahead of time.

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https://future-business.org/five-questions-preparing-your-business-budget/

Creating a solid budget for your business requires careful planning. Expenses, goals, and ROI all need to be considered.

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Artificial Intelligence (AI) has been around for longer than you may think (the earliest successful program being written in 1951), but in recent years the technology behind it has become faster, smarter, and suitable for more practical uses. Full blog below https://future-business.org/what-is-the-case-for-and-against-the-use-of-ai-tools-in-creative-tasks/

We talk with John Ortiz and Shirin Fataei from MBCC Group, one of the leading suppliers of construction chemicals and solutions worldwide. Click here to view full interview: https://future-business.org/interview-with-john-ortiz-shirin-fataei-mbcc-group/