Archive for August 2011
Yesterday evening ‘London Tonight’ featured Transport Minister, Norman Baker, once again proposing and encouraging remote working. With an emphasis on the Olympics and how London business employees will cope (or not) with the extra three million people using public transport – ITV decided to sensationalise and pan the call for remote working, something we think was deeply flawed.
The days of having to stay tied to a desk are long-gone. Now, with the aid of a Smartphone, aspiring entrepreneurs and fledgling CEOs can be more productive and business savvy than ever before. From pitching your new ideas to ultimately selling your products, you needn’t be alone at any step along the way. There are organisational apps, conferencing programs, accountancy devices, and even point-of-sale tools. Below we discuss five of our favourites:
Prosper: Got a business idea but little or no capital? Prosper is a new type of peer lending service which brings individual lenders and small business borrowers together. Each loanee creates a profile, describes what the loan will be used for, and what interest rate they are able to pay. Lenders indicate how much they are offering, at what rates, and who they want to offer funds to. So your loan may come from multiple sources, or a single person. Alternatively, if you already have a group of investors you already know, such as friends and family, Prosper manages the transaction’s lifecycle for you. Regardless of whom you borrow from, Prosper takes a small percentage for managing each loan. For the entrepreneur looking for alternative financing, peer lending can be a great solution. The only downside, however, is that everyone knows your business, literally and figuratively.