Business Now Mag

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    Regin is malware has been lurking in computers for as long as six years, according to Symantec. But experts don't know much about where it is from, what it does and who has been targeted.
  • CNN Business: I quit JPMorgan to start a jetpack business
    Dean O'Malley walked away from a high-paying job in finance to start a risky venture in the new jetpack industry.
  • CNN Business: 'Hunger Games' poised for box office win
    'Hunger Games: Mockingjay - Part 1' could quickly become the biggest hit of 2014.
  • BBC Business News: RBS sorry for 'incorrect' evidence
    Royal Bank of Scotland apologised for giving incorrect evidence to a parliamentary hearing, letters released by the Treasury Committee reveal.
  • BBC Business News: The couple who changed the way we shop
    The couple who helped Tesco change the way many of us shop
  • BBC Business News: Price wars lead to food firms closing
    A supermarket price war is behind a sharp rise in the number of firms involved in food production folding, new research claims.
  • BBC Business News: BA plane in second unplanned landing
    A London-bound British Airways plane makes a second unscheduled landing at Shannon Airport within three days.
  • BBC Business News: New computer spying bug discovered
    Computer security firm Symantec discovers what it says is one of the most sophisticated pieces of malicious software ever seen.
  • BBC Business News: New web data powers plan for police
    A law forcing communications firms to keep details that could help identify criminals using the internet is being planned by the home secretary.
  • BBC Business News: India tea workers kill boss over pay
    Workers at a tea plantation in eastern India beat and stab the owner to death in a row over pay arrears.
  • CNN Business: All eyes on oil: What will OPEC do this week?
    There are ways to profit on energy regardless of what OPEC decides this Thanksgiving.
  • BBC Business News: Bournemouth plan 18,000 expansion
    Bournemouth chairman Jeff Mostyn says the club are looking to expand the Goldsands Stadium to 18,000.
  • BBC Business News: Labour suggests London buildings sale
    The QEII Conference Centre and the Civil Service Club are among four London landmarks that Labour says could be sold off to reduce the deficit.
  • Business Matters: Getting to know you: Daniel Foster

    What do you currently do?
    I am the co-founder and technical director of 34SP.com based in the centre of Manchester. 34SP.com is a UK web hosting provider which aims to bridge the gap between sophisticated hosting solutions, by offering affordable hosting prices coupled with exceptional service and support. The company was founded in September 2000 by myself and our business director, Stuart Melling. We had just graduated and were struggling to find a reliable and secure web hosting company so decided to set up 34SP.com not realising then that it would turn into a such a successful business for us.

    What is your inspiration in the business?
    My inspiration would be providing world class hosting with accessible support, helping novices and experts alike to take full advantage of the web.

    Who do you admire?
    I admire anyone that does something for themselves. There are lessons to be learned from most businesses and most business leaders, but the ones that make a difference are the ones that have done something different, led rather than followed and haven’t been afraid to go their own way.

    Looking back are there things you would have done differently?
    Personally, I haven’t suffered any significant career setbacks so it’s difficult to say what I would do differently. Myself and Stuart founded 34SP.com right out of university and 14 years later we’re still here. As a business we’ve invested time in projects that came to nothing, but we didn’t know that was going to happen and learned things along the way. We didn’t really encounter many barriers to entry and started out as a true home business, firmly establishing that cash flow was important through not having much to invest in the business.

    What defines your way of doing business?
    34SP.com operates in a crowded and hugely competitive marketplace. From the start we’ve made sure that our customer service differentiates us from our competitors. For us, it’s all about providing top quality support to our customers. We regularly seek and act on feedback to ensure that we’re providing the right services and that we’re doing so in a way that meets our customers’ needs.

    What advice would you give to someone just starting out?
    Get out there and do it! It’s easy to come up with reasons why you shouldn’t have a go, reasons why you idea might fail but there’s only one way to find out if it’ll all work out!

  • Business Matters: Why You Shouldn’t Be Proud to Be a Workaholic

    So you say your schedule is insanely full? Science says you’re probably lying.

    The dirty little secret of our always-on culture is that much of it is, apparently, an illusion says inc. Despite “busy” becoming the new go-to answer among some segments of the work force for the standard “How are you?” conversation opener, the truth is that when time-use experts actually force people to record in detail how they spend their days, they discover that many who say they’re run off their feet actually have far more leisure time than they initially claim.

    What’s going on? A large portion of blame may go to our tech and the sense that, even when you’re kicking back at home, you’re really just one smartphone ping away from mentally returning to work mode. You may be stretched out on the couch, but your brain is still turning the professional hamster wheel. Thus the feeling of never getting a breather.

    Workaholism as badge of honour
    But that’s only part of the explanation. Another huge chunk of the reason for the disconnect between how many hours we really work and how many hours we say we do is workaholic bravado. Being busy in our culture has become a badge of honor and a sign of your importance and work ethic. “Slammed” has become shorthand for “kind of a big deal.”

    According to new science recently published in the Journal of Management, this idea of using your workaholism as a humble brag, however, is a pretty terrible idea. For the research, lead author Melissa Clark of the University of Georgia and her team reviewed the existing data on the causes and effects of workaholism to determine exactly how harmful overdedication to the office can be.

    The truth according to science
    Workaholism, the scientists found, has no correlation with professional performance (nope, your insane hours aren’t helping you perform better), but it does cause the same unhealthy cycle of compulsion, guilt, letdown, and renewed compulsion that you find in more traditional addictions.

    “My prior research has shown that workaholics experience negative emotions, both at work and at home. Similar to other types of addictions, workaholics may feel a fleeting high or a rush when they’re at work, but quickly become overwhelmed by feelings of guilt or anxiety,” Clark explained in the research release. “Workaholics seem pushed to work not because they love it but because they feel internal pressure to work. This internal compulsion is similar to having an addiction,” she concludes.

    Not only is your work addiction way more similar to a drug habit than you’re probably comfortable admitting, it’s probably also distressing the rest of your life just like any other addiction would (though admittedly generally in a more moderate way). “Our results show that while unrelated to job performance, workaholism does influence other aspects like job stress, greater work-life conflict, decreased physical health, and job burnout,” Clark says.

    Of course, while workaholism is bad, passion for your job can be great. Clark and her team acknowledge there’s a difference and stress that it comes down largely to motivation–workaholics put in the hours because of perfectionism and compulsion, passionate workers do it for joy. If you’re not 100 percent sure which category you fall into, there are both formal and informal assessments to help you decide.

    If the results say workaholic, don’t laugh them off as a testament to your dedication and importance. Workaholism is nothing to brag about.

    Image: Concept of workaholic via Shutterstock

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