Tag: Trachet

The UK’s startup sector is navigating through severe turbulence following a steep drop in valuations in H1 of 2022, according to CEO and Founder of business advisory, Trachet, Claire Trachet.

The recent announcement of the mini-budget, coupled with further interest rate increases and soaring inflation, has led many UK tech stocks to crash, further affecting private company valuations.

Trachet said that this resulted in substantial lay-offs across the sector, with an array of companies like Zapp – the grocery delivery app – to propose a staff reduction of up to 10 per cent. Read more…

A Trachet study has found that the workforce is riddled with self-doubt with decision-makers needing high-level advice. (Psycotherapy? Ed.)

The report comes at a time when the UK is facing the worst cost-of-living crisis for 30 years, with business leaders and employees feeling more pressure than ever to perform at work.

The report with the catchy title “From Burnout to Earnout”, found that nearly a third of Brits were suffering from imposter syndrome, which is hindering their ability to run their businesses effectively.

For those who don’t know the lingo imposter syndrome is when people believe they don’t deserve their achievements. Trachet’s study found it to be more common among Millennials, as 40 percent state they have feelings of imposter syndrome in the workplace compared to a significantly lower 18 percent amongst Generation X.  Read more…