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The number of family businesses considering a management buyout has tripled. According to research, approximately 73 per cent of family business owners want to see their company handed down from generation to generation - yet only 33 per cent actually do so, news.scotsman.com has confirmed. It could be that many are left bewildered by the tangle of complex issues surrounding family business law or by the obligatory input from shareholders. Consequently, over half of all family businesses have no succession planning in place. It's a delicate issue, as it can be tricky to determine if family members should be treated the same as non-family members, or if the latter should automatically assume a r

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Becoming a great leader is not as difficult as one might think, several industry experts have claimed. They believe the necessary skills and talents required for inspiring leadership are not only simple, but can be easily developed by those with determination. Leadership coach, John Maxwell, told Entrepreneur that staying calm, being authentic, recognising effort and having a genuine belief in people are fundamental competencies. He employs the latter by treating his team members like "10s". "I treat them like 10s and as a result, they try to perform like 10s," Maxwell revealed. However, while being optimistic about business prospects is encouraging, it can be short-sighted. That's according to  fellow expert, business advisor Beverly Flaxington. Therefore, the

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Award Acknowledges Firm’s Innovative Approach and Client Focus Congratulations to our strategic alliance partner Irwin Mitchell who have won an award for its innovative corporate strategy at the annual Financial Times Innovative Lawyers Awards, cementing their position as a leading player within the legal services market. In making the award, the FT recognised that the firm has “a suite of initiatives that makes it one of the most ground breaking, best-known law firms in the UK”. Announced at a ceremony in London on 5 October 2011, Irwin Mitchell was also named in the FT’s ‘Industry Pioneers' standout category in acknowledgement of its stance and ac

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When PR goes wrong

When PR goes wrong

ksimonsen, Oct 05, 2011

Uncategorized

This was to have been a blog on how London and Scotland, perhaps bizarrely, seem to be weathering the financial storm better than the rest of the UK. A recent report from the Office of National Statistics seems to show that London and Scotland are bucking a wider national trend in falling numbers of businesses. And then this story of an Edinburgh restaurant’s PR mishap popped up and all thoughts of manufacturing/service PMI charts were blown clean away. On Saturday afternoon, it is reported that The Kismot Indian restaurant in the capital’s Newington area held a hot curry eating competition for charity. The brave competitors were supposed to tackle the ‘Kismot Killer’ but the event was brought to a premature clo

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Vistage would like to proudly announce that ten of our member's companies have made the Telegraph 1000 of Britain's Brightest Businesses. Despite the economic downturn, the following have been making sales of between £5m to £500m, growing despite the strain of the recession and generating jobs. Congratulations to the following members and their companies:

The Power of Momentum

The Power of Momentum

ksimonsen, Sep 27, 2011

Uncategorized

For many, the summer is a wonderful time to enjoy a much needed annual break. However, it does have one potentially adverse knock-on effect which, if you are not careful, can put you back a quarter - loss of business development (BD) momentum. Based on the conversations SBR Consulting have been having with a number of our clients, this month’s article is simply a reminder, of the challenge of keeping on top of your BD work during and after the summer months. In your sales journey with each prospect it may have felt that at least one person has been away for the past couple of months and frustratingly closing business has taken longer. Also, we know that the longer decisions take to be made, the greater the chance that, for whatever reason, they never happen. There

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Leading Economist Roger Martin-Fagg provides his latest Economic Update  Vistage members which they can access in full via Vistage Village, please find below an excerpt The recent market turmoil The collapse and current volatility in most western equity markets is consistent with what we know about how our brain works in times of stress. During our evolution our brains developed three distinct parts. The first to evolve is a central core which is structured to ensure our survival. It responds rapidly to perceived danger and controls reflexive behaviour by shutting down bodily functions which are in shock: this is the basic instinct designed to allow us to survive. The second part came later; this controls social desires and emotions such as intuition, sexual urges, anger, unhapp

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Read about Vistage member Felix Velarde who featured in Business Matters magazine this  month. One of the digital industry’s pioneers, having set up one of the UK’s first digital agencies Hyperinteractive in 1994. Felix is now Managing Director of the UK's most famous eCRM agency, Underwired Amaze, and a leading authority on digital strategy. We ask him who inspires him What do you currently do? I'm Managing Director of Underwired, a specialised online strategy company which is one of three divisions of Amaze plc. We find ways for brands to understand their customers' motivations much better so they can become more relevant. It's an approach which invariably results in £millions in increased revenu

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We are pleased to announce Irwin Mitchell as a strategic alliance partner in the UK. As Vistage’s legal partner, Partners from Irwin Mitchell’s Business Legal Services team will present and provide advice for attendees at the organisation’s programme of events in the UK. The firm will also carry out referred work for companies within the group on a range of issues including succession planning, commercial litigation and employment law. Fergal Dowling, Partner at Irwin Mitchell in Birmingham and lead relationship partner with Vistage said: “Irwin Mitchell has long recognised the fantastic work that Vistage does and as a provider of business legal services, we are looking forward to supporting the organisation and excited by the prospec

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Jargon busting

Jargon busting

ksimonsen, Aug 30, 2011

Uncategorized

Business speak has long been a painful part of the commercial world. Sometimes people use it to demonstrate a supposed special grasp of their area of business and sometimes people use it because they feel as though they are obliged to. More often than not, neither works. The Edinburgh International Book Festival recently hosted an interesting event which focused on business jargon. It featured Jamie Jauncey (pictured) and John Simmons, authors of Room 121. Designed for people who need to write business reports, marketing copy, advertising or internal communications, it argues that good communication relies on finding an authentic personal voice rather than trying to translate the story into busi

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