Picture the scene. You set up a company with two of your university friends. Things are going well but as is often the case with start-ups the work is hard, the hours are long and there is no initial salary.
Chris Hill-Scott was one such entrepreneur who founded a tech start-up business back in 2008 together with fellow Cambridge University graduates Jon Reynolds and Ben Medlock.
After setting up the company and getting it off of the ground, Mr Hill-Scott decided that being an entrepreneur was not for him. He resigned as a director, left the business and transferred his shares in the company to Mr Reynolds and Mr Medlock in exchange for a bicycle.
We’ve all done things that we have regretted but in hindsight Mr Hill-Scott should have stayed in the company. He now works for the Government Digital Service creating websites and it has been reported that the average salary for that type of job is in the region of £55,000.
The two gentlemen he left behind in the company though have faced a different journey. The name of the company the guys set up is SwiftKey and although you may not have heard of the company, you have almost certainly used their technology.
SwiftKey developed the predictive text technology which suggests the next word a user is about to type on their smartphone or tablet. It has been incredibly successful and their software is used on more than 300 million smartphones and tablets around the world.
The company estimates that the software it developed has saved over 10 trillion keystrokes for its users. Let’s just think about that figure for a moment. 10 trillion keystrokes – that amounts to more than 100,000 years of typing time and represents an awful lot of thumb pain which has been avoided.
SwiftKey is an incredibly successful company and yesterday Microsoft purchased the business for £174 million (or in dollar terms, just over one quarter of a billion dollars).
Mr Reynolds and Mr Medlock will both make more than £25 million each whilst Mr Hill Scott will receive nothing from the sale as he transferred his shares in the business in exchange for a bicycle.
It’s not clear how much the bicycle is worth but I don’t think you have to be a technology expert to predict what words that Mr Hill-Scott was probably thinking when he heard the news the business he helped set up had been sold for £174 million and he had received nothing….
https://www.theexpgroup.com/wp-content/uploads/2016/02/SwiftKey-strategy.png9701724Stevehttps://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.pngSteve2016-02-05 13:34:092016-02-05 13:34:09Should this have been predicted?
Do you have children? Have they ever told you a lie? Even a small teeny weeny lie?
Well, if they have then although you may not be particularly pleased with them, it may actually mean that they have good memories and excellent thinking skills.
Psychologists at the University of Sheffield tested 135 children and found that those children that lied performed much better than the honest children in the group.
The children in the study were aged between 6 and 7 years old and during the study they were given a trivia game. The answers to the trivia game were on the back of the card which they had been given. Initially, each child was in a room accompanied by one of the researchers but the researcher then left the child alone with the card with the answer on the back.
Before leaving the room the researcher told the children not to look at the answer but what the children didn’t know was that when they were alone in the room there were hidden cameras which were monitoring whether they would look at the answers on the back.
25% of the group subsequently cheated and looked at the answers on the back of their cards but claimed that they hadn’t cheated when the researcher returned to the room.
At a later stage, all of the children had to perform a separate memory test and the research found that the children who had lied performed significantly better than those children who didn’t lie.
Dr Tracy Alloway, project lead from the University of North Florida was also involved in the research and said that “this research shows that thought processes, specifically verbal working memory, are important to complex social interactions like lying because the children needed to juggle multiple pieces of information while keeping the researcher’s perspective in mind”.
This has got me thinking as a lot of the readers of this blog are accountants or studying to be accountants.
“Thought processes”, “verbal working memory”, “juggling multiple pieces of information” and “keeping other people’s perspective in mind” are all skills which many accountants need.
Does this mean that you would make a good accountant if you were a good liar when you were a child?
Whatever your answer is, I’m not sure I would believe you…
https://www.theexpgroup.com/wp-content/uploads/2016/02/Young-accountant.jpg7691361Stevehttps://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.pngSteve2016-01-21 13:00:252016-01-21 13:00:25Would a good liar make a good accountant?
How do you feel when you return to the office after a holiday?
Do you feel refreshed and raring to go?
Or are you at the other extreme and cannot stand being back at work and are just a whisper away from handing in your notice…
My guess is that a lot of you are somewhere in between. It’s nice to be back at work but if we’re honest an extra week of holiday would be quite nice.
If you could do with an extra week’s holiday then you are not alone.
One reddit user recently posted an excellent attempt at securing an extra week’s holiday. Whilst the culprit wasn’t trying to get an extra week away from the office. I think we can all learn something from her determination.
The reddit user who posted the image above explained that her “daughter got the mail today (it’s Sunday), apparently they have another week off school”.
A quick audit review of the evidence suggests a few problems.
First of all, it was delivered on a Sunday when there wasn’t a postal delivery. Secondly, “break” was spelt incorrectly.
But that’s only two inaccuracies I hear you say. What about the details that appear to indicate it’s a genuine letter?
For example, the information was written with a black pen whilst the signature was signed with a blue pen. Surely this indicates it’s genuine?
For me, the thing which convinces me that it is a real letter from the little girl’s school is that it has an official stamp on the letter indicating that it’s a genuine official letter from the school and the girl should be entitled to an extra week’s holiday.
Ok, so the stamp is of a pink princess but surely that would pass the audit review test?
https://www.theexpgroup.com/wp-content/uploads/2016/01/Fd86JsP.jpg29525248Stevehttps://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.pngSteve2016-01-05 01:00:552016-01-05 01:00:55Surely this is genuine?
Are you Facebook friends with a colleague at work? Have you ever been tempted to unfriend them?
Whilst unfriending someone on Facebook only involves a simple click, the Fair Work Commission (an employment tribunal) in Australia has found that unfriending a colleague on Facebook was workplace bullying.
Rachel Roberts worked at the Australian estate agent View and alleged that the firm’s owner and his wife had subjected her to workplace bullying on 18 separate occasions.
Rachel Roberts argued that amongst other things James and Lisa Bird deliberately left her work unprocessed for more than a week and refused to showcase her properties in the business’s front window.
Perhaps the most interesting allegation though was that after a meeting between Ms Roberts and Mrs Bird where Mrs Bird described Ms Roberts as “a naughty little schoolgirl running to the teacher,” Ms Roberts tried to leave the room but was initially prevented from leaving by Mrs Bird standing in front of the door.
She eventually managed to leave the room and was sat in her car in a “very distressed state” when it occurred to her that Mrs Bird may make a Facebook comment about the incident.
Miss Roberts went on to Facebook to check for any comments but found that she had… (wait for the drama to unfold)… been unfriended by Mrs Bird.
Yes, shock of all shocks but she had been unfriended on Facebook…
Now, whilst a lot of you may well be thinking that being unfriended on Facebook isn’t a major deal, the Fair Work Commission specifically cited the Facebook unfriending in its decision, saying that it evidenced “a lack of emotional maturity and is indicative of unreasonable behaviour.”
Now, before everyone starts worrying about which colleagues they are friends with on Facebook and whether or not they should unfriend them, it’s worth noting that the Facebook unfriending incident in this situation was one of 8 occasions when it was considered to be “unreasonable behaviour”. In other words, it’s unlikely that unfriending someone in isolation would be considered to be bullying.
https://www.theexpgroup.com/wp-content/uploads/2015/10/office-friends.jpg7891403Stevehttps://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.pngSteve2015-10-12 18:35:232015-10-12 18:35:23Is it a good idea to unfriend a colleague?
If you wanted to buy clothes 10 years ago the chances are that you would have purchased them in a shop. Nowadays though things have changed and in a lot of countries internet shopping is incredibly popular.
After all, why travel to the shops, try to find somewhere to park and then purchase your items when instead you can order the items in the comfort of your own home and they can be delivered to you the next day.
One challenge though is the delivery the next day as where will you get your shopping delivered? If you’re at work you don’t want your shopping delivered at home as you’re not there. The obvious solution is to get your internet order delivered to your office.
Well, if you thought that getting your internet shopping delivered at work was a good idea then you are not alone. According to the office for National Statistics in the UK, 75% of Britains have brought at least one item online during the last year and a lot of them are getting their shopping delivered to the office.
That’s great news for the companies that are selling online (more sales means more revenue), great for the buyer (items delivered to the office so no waiting at home for the postman) but it’s not so great for the employers.
The cost and security implications for handling all the personal parcels delivered to offices have caused a number of firms to tell their employees to stop having personal items delivered to the office.
In Canary Wharf, the east London financial centre, there were reportedly more than 130,000 parcels delivered in the last year alone. One Canada Square (the main office building in Canary Wharf) has over 11,000 deliveries per month with an estimated 30% of these being private parcels.
The extra cost of receiving, storing and security testing these parcels has resulted in a number of companies telling their staff not to have personal parcels delivered to the office. HSBC, Citigroup and JP Morgan have all now instructed their employees not to have personal parcels delivered.
Is this a good move in that it helps keep control of costs and minimize security risks or is it a bad move in that it could demotivate staff?
Only time will tell but one thing for sure is that other organisations are not standing still.
Doddle, which is a collection service where parcels can be delivered and people can pick them up has recently opened a depot at Canary Wharf. My guess is that they will soon have plenty of people picking up their parcels which can no longer be delivered to the office.
https://www.theexpgroup.com/wp-content/uploads/2015/08/parcel-deliveries.png484861Stevehttps://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.pngSteve2015-08-07 20:25:372015-08-07 20:25:37No personal deliveries to the office please.
When you’re at work it’s always worth taking a step back and doing a reality check every now and then to check that everything is ok.
Steve Pallet, a Jersey politician is no doubt a busy man but he should have taken a step back to review things a couple of weeks ago.
Earlier this month, in what was probably one of the simpler tasks on his to-do list, he needed to fly from the UK to Bucharest, the capital of Romania to be present at the handover of the Dance World Cup.
This year’s Dance World Cup took place in Bucharest where nearly 3,000 competitors from 32 countries took place in the annual dance event.
Jersey is hosting next year’s Dance World Cup and Mr Pallet was flying to Bucharest to attend the official handover where he was due to make a speech and receive a special flag from his Romanian hosts marking the fact that Jersey will be hosting the next World Cup.
You’re probably thinking that there’s nothing particularly difficult about flying from one country to another to give a short speech, receive a flag, shake a few hands and no doubt have a nice meal and a couple of drinks.
Whilst most people would probably agree with the assumption that it was a fairly simple exercise, Mr Pallet decided to prove everyone wrong. Instead of flying to Bucharest in Romania he flew to Budapest, the capital of Hungary which is about 500 miles (800 km) short of where he should have been.
Mr Pallet only realised his mistake as his plane was coming in to land in Budapest. It was too late for him to arrange transport from Budapest to Bucharest and as a result he was unable to accept the official handover of the World Cup flag.
When the news of his error broke he pointed out that the flight booking had been made by a colleague of his but this isn’t really a particularly good excuse as it was him personally who got on a plane flying to the capital of Hungary expecting to land in Romania.
He did apologise though and said “It is really disappointing, I have to apologise for wasting taxpayers’ money and for letting down the Dance World Cup. I don’t know the exact cost as I’ve still got some figures to come back, but it won’t be less than £1,000. All I can do is apologise for what is a schoolboy error.”
He mentioned it was a “schoolboy error” but given Mr Pallet’s geographical knowledge (or rather, his lack of geographical knowledge), then I guess he probably made plenty of schoolboy errors in his geography lessons at school.
https://www.theexpgroup.com/wp-content/uploads/2015/07/dancing_businessman.jpg464825Stevehttps://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.pngSteve2015-07-15 01:18:532015-07-15 01:18:53Dancing towards a big mistake.
Be honest now – have you ever thought that it would be nice to be able to cheat in your exams and get away with it? Have you ever thought it would be great to be able to pass your exams with ease without putting in any real effort?
Well, if the thought has crossed your mind you are not the only one. The girlfriend of Ayan Zhademov thought it would be a good idea to cheat in her exams and she managed to persuade 20 year old Mr Zhademov to help her cheat.
Unfortunately for the lady (but fortunately for all the hard-working honest students who were sitting the exam) the plan wasn’t the smartest and her boyfriend didn’t look much like a woman.
“Didn’t look much like a woman” – why does it matter whether or not he looked like a woman I hear you say?
Well, the plan was for Mr Zhademov to pretend that he was his girlfriend and to sit her exam for her.
When the day of the exam came around, he wore her clothes together with a wig and lots of make-up.
It was reported that despite his efforts to dress up as a woman he simply look like a man wearing a dress and make-up which had been put on badly. The exam invigilators noticed something was wrong and became even more suspicious when he spoke as he had an extremely deep manly voice.
The end result was that he was caught out, his girlfriend failed her exam and he was fined £1,400.
The morale of the story is that it doesn’t pay to cheat and no matter how tempting it may appear to be, just don’t do it. Not even if your girlfriend or boyfriend is a genius and looks exactly like you.
https://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.png00Stevehttps://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.pngSteve2015-06-04 09:43:462015-06-04 09:43:46Not the brightest individual.
We all do it every day at the office but I’ve never heard of anyone publicising it in the way this gentleman did.
Everything at the city council meeting in Georgetown, Texas was completely normal and serious until Mayor Dale Ross broke away from the meeting for a bathroom break.
Nothing unusual there I hear you say.
Unfortunately for the mayor though, during his haste to go to the bathroom he forgot that he was wearing a wireless microphone.
Thirty seconds after leaving the panel and just as Rachael Jonrowe was talking about friends and family members who had contracted antibiotic resistant diseases, the Mayor can be heard urinating and then flushing afterwards courtesy of the microphone which he left on.
It’s a valuable lesson for all of us if we were ever to wear a wireless microphone at an event and it was too much for Ms Jonrowe who despite her best efforts couldn’t control her laughter.
What was also interesting was that there was no sound from the microphone of the Mayor washing and drying his hands. Maybe he was so keen to rush back to proceedings that he simply forgot to wash its hands??
Mistakes happen but unfortunately for Mayor Ross the meeting was being streamed over the Internet.
This though was not the type of “live streaming” that anyone was expecting.
The video of the event can be seen below.
https://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.png00Stevehttps://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.pngSteve2015-05-05 09:18:582015-05-05 09:18:58You don't want everyone to know about it...
If you do, how long do you spend sat there before you get up to move around?
If you sit at your desk and work on your computer without moving around then I’ve for some unfortunate news for you because a sedentary lifestyle where you sit at your desk without moving around is bad for you.
Researchers at the University of Utah examined the health, exercise and nutrition records of over 3,000 Americans over a 3 year period and on average they spent 34 minutes sitting or lying down per hour whilst working.
Ignoring the question as to what were they doing lying down it will come as no surprise that the more time they spent on sedentary activities the more likely they were to die during the study.
Swapping sitting with standing up appeared to make no difference to the risk of death but what did make a difference was replacing 2 minutes sitting with 2 minutes of walking around
2 minutes of walking around per hour instead of sitting down reduced the risk of death by 33%.
So, the trick is to make sure you walk around for a couple of minutes an hour whilst at the office.
Of course, if those 2 minutes are spent walking to the vending machine to stock up on crisps and chocolate to eat at your desk there may not be that much of a benefit…
https://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.png00Stevehttps://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.pngSteve2015-05-02 09:17:232015-05-02 09:17:23It's a good idea to start walking in the office...
We’ve all made typos in the past but I bet your typo wasn’t as expensive as this one.
Typos, where you misspell a word or put in a wrong word by mistake, are fairly common. This particular typo though was incredibly costly as it resulted in a company going out of business, 250 people losing their jobs and the government having to pay £9 million in compensation.
Back in 2009 Mr Davison-Sebry, the MD and co-owner of Taylor and Sons Ltd was enjoying a holiday in the Maldives when he received a phone call asking why his company had gone into receivership.
Receivership is very often the first stage of a company going out of business. It typically occurs when a company is suffering financial difficulties and an independent “receiver” is called in to run the company instead of the directors.
Taylor & Sons Ltd was a successful company. It had been established back in 1875 and was doing very well so why the call to the MD asking why his company had gone into receivership?
Well it turns out that Companies House (the organisation in the UK that publishes official notices about companies) had issued a notice saying that Taylor & Sons Ltd had gone into receivership.
Unfortunately for all of the people involved with Taylor & Sons Ltd, it was a typo by Companies House and the company that had actually gone into receivership was Taylor & Son Ltd and not Taylor & Sons Ltd.
Companies House rectified their “one letter mistake” within a few days but it was too late. There was a snowball effect as one supplier after another heard about it and despite being told that Taylor & Sons Ltd was financially secure, they terminated the orders and cancelled the credit agreements.
Within 3 weeks all of the company’s 3,000 suppliers had cancelled agreements and would not supply the company anymore.
The end result was that Taylor & Sons Ltd lost all of their suppliers and as a result couldn’t produce anything for their customers so they ended up going out of business.
The end of a 140 year-old company and all due to a one letter type.
The directors were understandably unhappy about this and took Companies House to court where they were recently successful in their case and won nearly £9 million in damages.
That was probably the most expensive one letter typo in history.
https://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.png00Stevehttps://www.theexpgroup.com/wp-content/uploads/2018/06/styleguide-EXP-4.pngSteve2015-03-20 21:34:532015-03-20 21:34:53Is this the most expensive typo in history?
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