Gary Neville, the former Manchester United footballer, has transitioned into a successful entrepreneur, co-founding the University Academy 92 and investing in hospitality and property ventures. In a recent discussion, he highlights the significant challenges small businesses face, particularly post-COVID, including rising costs and the importance of supporting their employees. He warns against business inertia, where many entrepreneurs wait for economic clarity instead of innovating. Neville advocates for embracing technology and upskilling as vital components for growth in today's rapidly evolving market.
It's hard work setting up a business. I admire anyone who does it - the courage, the risk, the grind. It takes smart decisions and a bit of luck.
COVID's aftershocks are still being felt - especially in hospitality. Rising National Insurance and increased employment costs create real headwinds for business owners.
One of the biggest risks is inertia. Many are waiting to see what happens with the economy, but that mindset isn't good for progress.
In today's world, embracing technology is crucial for moving forward. We're still lacking skills programs and people fear the cost or complexity of change.
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