17 03 2009
How dangerous is cliche? For example, the stereotypical teenager is moody and unapproachable, think of Bill Gates when he was in his teens locked away with his computer. Young people have energy, drive and talent – but usually not money. They are a mirror of culture and demonstrate that in the most refreshing and creative ways, including business. A young entrepreneurial mind can be valuable in any career.
StepUpFinance was therefore very interested to be made aware of Shell Live Wire which helps 16 – 30 year olds to start and develop their own business by providing information, advice and practical support. Every month, a no-strings-attached financial boost of £1,000 is given to help get new business ideas off the ground in their Grand Ideas Awards.
The emergence of innovation from the confrontation of old ideas inevitably happens. Flexability is the Key and young people have a much quicker approach to adapting and changing; just think about fashion.
We at StepUpFinance look forward to saying that, whoever the new Bill Gates is, they worked with us.
(Image credit: petter palander Article credit: Copyright SUF)
25 02 2009
“The mechanism for improving the System works too slowly. Every time attempts are made to finally patch-up one problem, cracks appear elsewhere”
“Moral Hazard” is the name given to a decision that can influence future behaviour, often for the worse, and usually the person who caused the problem doesn`t suffer the full (or any) consequences. They may actually benefit. It could be argued that the treatment of the DotCom bubble was a moral hazard. As share prices plummeted, the US Government reacted by slashing interest rates to 1% and sowed the seed for the next boom and bust in housing.
To avoid the bust, the boom needs to be avoided too…..
And so here we are with Mervyn King writing to Alistair Darling to ask for approval to introduce measures aimed at raising the supply of money in the economy. The UK`s new Banking Act is coming into force and European leaders in Berlin have agreed on the need to regulate all financial markets, including Hedge Funds….
(Image and Article credit: Copyright SUF )