At the meeting on Friday 15th July we had a very informative talk from the knowledgeable Charles Fraser on this topic. It is relevant to businesses and perhaps more than people think – why not get thinking about this before it becomes an issue!
Please note that this article is written on the very briefest of information from Charles – if you would like infomaed details please contact him directly.
So what’s it about?
Well if something happens to the owners of a business – it may be just an injury that takes them out the business for a while, long term issues or even an unforeseen death. There are three main people groups that have issues with succession planning:-
The Sole Trader
A Limited company
Sole traders – often an executive can access the account but this may not be the case. From the moment something happens to the sole trader there are issues to be dealt with from the simple paying of bills to sorting out longer term issues.
Partnerships – should have a written agreement as an informal one does not help in the event of one partner wanting to walk away – it may mean the business has to be liquidated!
Limited companies – these can easily carry on after an issue because there may be shareholders but key contacts need to be in a file and not in just one persons head because oftern the really important information is just held by one main person.
So plan ahead and feel free to contact Charles for detailed information .
We had a really great meeting with a good catchup from the members and visitors today.
Steve gave us a short presentation on video with his Four “F”s – Form, Function, Finesse, Finance.
Form – make sure the video fits your brand and the message is aimed at the right audience.
Function – Ensure you plan and script out what you are trying to say so your message is clear and aimed at the correct people. Where will you be putting the video, on a website of YouTube for instance.
Finesse – make sure your video has a hook or a story. Perhaps think about live action or animation.
Finance – A better question idHow much do you want to invest in your brand?
All these 4 are interrelated as they impact on each other.
Sally gave us an exercise in vocal clarity and dicton – getting ready for that first conversation or presentation of the day. Think about being clear and undestood – do not mumble! Use tongue twisters in the car on the way so you hit the ground running! Another great example of simple ways to improve your delivery.
Todays meeting had three guests attending – Marie Massaquoi, Damaris Sende and Justin Megawarne – so good to hear what you are all up to .
We had Steve Groves from Take One Business Communications going a little off his usual topic but giving us hints and tips on how to put a presentation together. Some great tips that translate well to use on websites as well, from keeping things simple in text size, font and colours and of course remembering what your key takeaway point of the presentation is!
Tim Brooker at Beyond Numbers was talking about using your company values to get involved in adding value and impact to the outside world. Signing up to b1g1.com for instant to use the values you hold to help others and promote this to potential clients and the benefits of doing that.
Really good fun meeting as usual – what a great group of people who genuinely make me laugh, add value to my work and the business.
Todays meeting had two very interesting talks from members – Emma and Roger.
Emma took us through the uses of great photography in your social media – from websites to posts, headshots to selfies – she also got us to take a selfie and post it, adding a little bit of spontaneity and personality to life.
Roger gave us insights into the issues around HR currently, with one hot topic of hybrid working and the pitfalls of letting the workforce decide what they want to do vs management telling the staff what will happen. There are definite splits in what different groups want – younger worker seem to want to get back to the office for the social/learning aspects, the older staff want to stay at home, cut out the boring commuting etc.
The meeting this morning was as much fun as useful. We had a talk on “word of the year” by Matt our resident copywriter – who is making us think of the word that we think will project our businesses in 2021 – very thought provoking.
Olly gave us a really interesting look at the way his company is moving into 2021 with new emphasis on the individual nature of his clients and not trying to have a one size fit all solution, or even boxes they fit into. Yes, we are all slightly different and thats worth considering for us all.
Good to see our three visitors and hope to see Jas, Dan and Wayne again soon.
On April 16th we have our next Zoom meeting with the usual format giving everyone the opportunity of having a 1 minute pitch to tell us what they do, what they are up to and maybe who they are looking to do business with.
Then we have our short presentations from Olly and Matt – always useful and informative. I’m looking forward to finding out and reporting back later on what is being discussed.
As ever was great to see the members even if it was in the virtual world.
We had a talk from Karen of Take One Media showing us some of the recent work they have done with some great examples of videos that show off businesses in different inventive ways, from an accountancy company that wants to show more about “who” they are as opposed to “what” they do.
We also had a great story from Charles of Longmore Solicitors showing an amusing legal story that highlighted what can happen from the most innocent of beginnings! His in depth grilling from the group on wills was also enlightening and we found out that a will should be reviewed every 5 years or when situations change – he also does this for FREE!
Ash Taylor gave us a great example of how important it is to be around people who are often better than you are, simply because it pushes you to be better. Sometimes top managers surround themselves with “yes” people who will never push them, this means actions will not get questioned and stunts growth. It’s far better to encourage an environment where people feel able to raise questions; as a result everyone tends to work better and more efficiently.
Being positive and not overthinking things is something to be aware of because the important thing is to prevent progress paralysis: action is what takes you forward.
‘Just do it….what’s the worse that can happen!’
Obviously, these suggestions do not hold true for some jobs; for instance, I don’t think anyone would feel comfortable if pilots or dentists took the ‘Just do it…’ attitude when flying a plane or working on our teeth! However, there are many occasions where relaxing rigid control can enhance your business.
‘Letting people have responsibility helps them to learn and grow….’
Cross Reference is a local, long-established business networking group that meets on the 1st and 3rd Friday of the month for breakfast, business and development. If you’d like to know more, please get in touch via the website.
Roger gave us a talk at the meeting today on the need to safeguard staff and whistle-blowers within a business. He explained that in his experience, when dealing with staffing issues it is always better to get a difficult discussion kicked off before it turns into an impossible conversation.
‘Encourage people to express their concerns informally before the proverbial molehill becomes a mountain….’
All companies should have some idea of the procedures required to ensure their staff are able to voice concerns; once concerns are voiced then it’s equally important that there is an agreed process for dealing with the issue that respects all parties.
‘Deal with concerns in a way that is respective and not seen as dimissive.’
Roger’s business, Elite Coaching, offers HR Consultancy Services with an emphasis on change and organisational development. Roger is always happy to give advice on Human Resources issues and his experience over many years speaks volumes!