PUBLISHED: 16:47 19 February 2019 | UPDATED: 16:47 19 February 2019 Sarah Chambers Shirley Aldous, director, with daughter,Tarnia Robertson, director, and Tarnia's father, Colin Aldous, chairman of Ufford Park Woodbridge Hotel, Golf and Spa Picture: PAUL NIXON Paul Nixon Photography 01473430707 07904296577 Statistics suggest that as a family-run concern, it’s surviving against the odds. But four years after taking over the reins from her parents, Tarnia Robertson’s hotel business is still going strong. Ufford Park Hotel, Golf and Spa Picture: GREGG BROWNOnly a third of family-owned firms last into a second generation, figures suggest, but Tarnia’s long apprenticeship under parents Shirley and Colin Aldous have stood her in good stead: four years after she became managing director at Ufford Park Woodbridge Hotel – enabling her parents to take a back seat – she has already taken the business to new heights.MORE – Record … [Read more...] about Why do only a third of family-owned businesses survive into second generation?
Why businesses fail statistics
18 February 2019 Brazil Three weeks ago, a tidal wave of mining waste from a failed dam killed at least 165 people, with 155 still missing, in the Brazilian state of Minas Gerais. Nick Terdre asks: why has nothing changed since Brazil’s last environmental disaster? ‘This really messes with you emotionally, because it makes you relive the day of 5 November, you know? It resurfaces with so much force,’ says Marino, his voice catching. ‘There is so much sadness and anger, because we see the neglect of what happened in Mariana is much bigger than we thought. The people who died in Mariana are nothing more than statistics today, they are just numbers.’ Marino D’Angelo Junho was one of those living downstream from the Fundão dam near the town of Mariana, also in Minas Gerais state, when it burst on 5 November 2015. The collapse sent a tidal wave of mud along the 620km length of the River Doce and a plume of waste into the Atlantic Ocean … [Read more...] about Why Brazil fails to learn from its mining catastrophes
Opposition Leader Adrian Delia came out with some harsh criticisms of Prime Minister Joseph Muscat, and of the budget in general, arguing that Muscat is doing nothing to help those who have tried and failed in business. He spoke during the General Estimates of the budget for the Office of the Prime Minister debate in Parliament He criticised Muscat's 'no tricks just treats' phrase, saying that this indicates how the government views the economy. He said that government looks at people as numbers, addressing people like children who one would give sweets to. "This is a government of numbers, while we are an Opposition of the people." He said that there are people suffering, people doing well and others doing very well. He said that one must look at whether those doing very well are doing so based on their own work, if they are investors, or are some of the 700 placed in positions by government. Delia mentioned that 4,000 businesses had to close, and criticised Muscat for just using this … [Read more...] about ‘Government is not doing anything to help those who tried and failed’
For business, the label “big” is like a target. Big Tech, Big Finance, Big Pharma, Big Oil, Big Food and the Big Four accountancy firms are in the sights of regulators and campaigners.No wonder millennials are said to favour the freedom and autonomy of entrepreneurship and self-employment over the draw of full-time roles at consultancies and investment banks.To counter that temptation, big companies are bending themselves out of shape to behave like smaller enterprises. They are encouraging individual teams to take more decisions closer to the frontline. Agile management is all the rage. Head offices are either disappearing altogether or morphing into shared working spaces. Gigantic global groups hide behind individual labels that the customer associates with artisanship and local production rather than multinational mass manufacture. Think of Ben & Jerry’s ice cream, part of Unilever, or the many craft beers, such as London’s Camden Town Brewery, that are … [Read more...] about Big business fights back in the battle for millennial talent
As far as treats for the senses go, the opening of trading on the London Stock Exchange ranks somewhere below watching paint dry. No ticker tape falls from the sky, no bell sounds as in flashy New York. Behind today’s ceremony, though, lay a great significance. It was the turn of the bosses of RELX (the old Reed Elsevier) to open the market. Why? Because this was the day RELX cleaned up its old structure of having Dutch and British shares, moving all its stock to London. Dual-listed companies are dwindling in number. Having two lines of stock makes it harder to raise equity for takeovers. It complicates the process of demerging businesses, too. RELX has decided, rightly, to shed its stock in the backwater exchange of Holland and have its primary listing in London, on the FTSE 100 index. Unilever is taking an ill-advised step in the other direction. Despite having two of its three divisions based here, and employing more than twice as many people in the UK than in Holland, it … [Read more...] about Jim Armitage: Why going Dutch is a backward step for Unilever