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The government has been urged to provide further support for family businesses in a new report by the Institute for Family Business (IFB). According to the report, family firms in the UK generate £1.1 trillion a year for the economy, but the IFB believes that this figure could improve with the right backing from ministers. The report asks the government to eliminate the red tape and bureaucracy currently surrounding employment legislation. It also suggests altering the tax system, as 14 per cent of HM Revenue & Custom (HMRC) is generated by family businesses.    It is thought that by making these changes, the government could help owners of a family business to create many more jobs. In an

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An academic has described how people will often get the wrong idea if an organisation is described as a family business. Professor Susan Hart, dean of Strathclyde Business School (SBS), told ft.com that such companies are often much larger than individuals expect, with a sphere of influence to match. She claimed that family businesses are traditionally treated as small firms, but as well as having the same issues as other large organisations, they have a selection of problems afflicting only them. Professor Hart explained that they must work out how to professionalise their operations, transfer family values and decide how ownership succession is to be handled. "Entrepreneurs tend to be runn

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Queries surrounding business law are dwarfing all other workplace issues, according to a study by a leading trade organisation. Recruiter.co.uk reports that The Forum of Private Business's (FPB) legal helpline has experienced a huge influx in callers claiming that murky employment laws are leaving bosses confused about their responsibilities. In a five-week period between September and October, 65 per cent of calls made to the helpline concerned employment law, whereas general business queries accounted for just 14 per cent and questions regarding business contracts, just 10 per cent. The FPB's chief executive, Phil Orford, conceded that changes to employment law, such as those surrounding the legal rights of contract employees, can leave many business owners feeling co

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Michael Laing OBE  a member of Vistage in Scotland discusses his first year of membership. Michael is the owner, managing  director and a gemmologist of Laing the Jewellers.  As much a designer as he is a buinessman, Michael studied art, design and craftmanship at Sir John Cass College in London. He then went on to train with a number of well-known jewellery manufacturers. For over 20 years, he has served on the National Association of Goldsmiths education Committee in London. Latterly, he has been its Chairman, overseeing jewellery-trade training in the UK. He has been a Fellow of the Gemmological Association since 1973. He is also Chairman of the Assay Office Scotland, which tests and hallmarks gold, silver and pl

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One imagines that Christmas dinner at Gordon Ramsay’s house might be a solemn affair this year and it almost certainly won’t involve the in-laws. The celebrity chef’s very public bust-up with his father-in-law and former CEO has been keeping the headline writers busy for weeks and his open letter to his mother-in-law will have done little to smooth things over. While Mr Ramsay’s problems are extreme, his situation will have sent a shiver down the spine of anyone running a family business and ther

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Watch our latest member testimonial from Nick Heaton, MD of Envirovent.  Envirovent are an award winning Harrogate based company dedicated to the quality of indoor air. Their philosophy is for manufacturing sustainable products that will last for life and use minimal energy. They are dedicated to the protection of the environment, local sourcing, creating and sustaining employment in the UK. Not a single product  leaves their Harrogate factory unless it has been tested and approved to last the lifetime of the building it will be ventilating. Nick Heaton has been a member of Peter Chambers' group V24 for nearly three years and his Vistage membership is also supported by membership of his key staff in the

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Coming up roses

Coming up roses

admin, Aug 24, 2010

Uncategorized

Matthew Bent MD of Bents Garden & Home discusses his Vistage membership and how it supports and benefits his business. Located on the outskirts of Cheshire, Bents is more than

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Read our interview with chair Charles Llewellyn discussing the challenges and rewards he faces as a Vistage chair and his top tips on exit strategies. To find out how Vistage could benefit you and your business go to our website

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  • Is your business performing well in spite of the challenging economic climate
  • Do you have your own board of non-executive directors who act as a sounding board?
  • Are you keeping the spotlight firmly on strategic issues?
The ethos of Vistage to develop MDs and CEOs to achieve their full potential is powerfully reinforced by members of the Vistage 8 group which celebrates its 18th birthday in 2010. Launched and chaired by Edward Clifford, whose expertise as a corporate lawyer and strategic partner spans multinationals including Mobil Oil, the 14 members hail from wide- ranging sectors Aged 36 to 59 members' comp

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We've filmed Vistage member Neill Brodey of Norbar Torque Tools discussing the benefits of his Vistage membership over the years. He credits Vistage with giving him the tools to double overseas sales and take his manufacturing company forward in a declining industry. I hope you find the video interesting, any comments let us know.
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