Throughout London’s history, different quarters of the city have been home to a certain group of professionals. Harley Street has been noted since the 19th century for its collection of top-end medical specialists; the area surrounding Chancery Lane is predominantly occupied by legal firms; hedge funds and boutique financial services firms favour offices in the West End and Soho is home to hundreds of media agencies. The most recent of these business communities is now coming to be established at Shoreditch’s Old Street Roundabout — now officially named ‘Tech City
Last week it was reported that Groupon, the daily deals provider, has generated so many customer complaints about how it markets its deals that it could face legal action unless it improves.
Posted on 2nd April 2012 in Business Growth.
Advances in technology, communications and logistics mean that almost any business can take advantage of the benefits of offshoring — the process of shifting one or more business functions to an offshore location to improve efficiency or reduce costs.
There comes a time in the development of a business when it is often beneficial or deemed desirable by the shareholders for a distinction to be made between the role of the management team, which is focused on running the day to day activities of the business, and the board, a more strategic grouping which is focused on making sure that the interests of the shareholders and other stakeholders are well served. As businesses grow, this two tier structure, which is an accepted feature of the public company sector, will normally emerge.
Despite a tough financial climate, the UK continues to hold its position as one of the world’s most influential countries. There is still an importance on developing infrastructure, investing in science and encouraging business success. It seems odd then, that we lag behind on something as simple as broadband internet speed.
Business owners should set aside the time early on in their relationship to discuss and agree a shareholders’ agreement. It may help to avoid the disruption and additional costs likely to be involved in resolving any future issues.
The increasing popularity of franchising has seen the industry grow from £5 billion 20 years ago to £12.4 billion today1. But what makes franchising such an enticing choice for those wanting to start their own business? The British Franchise Association’s Tom Endean explains:
Posted on 23rd January 2012 in Business Growth.
John Rosling, of Shirlaws Business Coaching, looks at the three key rules to release cash from your business: The right number of people, doing the right jobs, with the right skills.
Posted on 5th December 2011 in Business Growth.
John Antunes, head of SME and channel, SAP UK and Ireland sets out his five recommendations and strategies that all SMEs should consider to achieve growth.
An interesting development in the current M&A market is the emergence of the hybrid private equity/trade buyer — a kind of private equity buy and build approach, in contrast to the classic trade buyer who bids for businesses in the same industry in order to achieve potential synergies and cut costs through economies of scale.