3 Common Issues you Must Consider for Family Business Succession

By Dr Steffi Hussels

In the UK, two-thirds of all private sector firms are family businesses, contributing over half of GDP and around 40% of private sector employment.

Most family businesses will want to pass the business on to the next generation but relatively few actually do so – fewer than half of family businesses pass to the second generation, and only a fraction to the third.

Without formal succession planning, family-owned businesses run the risk of not being sustainable. Some owners regard succession...

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Brexit – the View from Ambitious Owner Managed Businesses

By Carol Foussat

 

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BGP Alumni Enjoy Massive Success at the National Business Awards

By Marcus Crawley

Two companies founded by BGP alumni were winners at the 2015 National Business Awards.

GoApe, the outdoor adventure company set up by Tristram and Rebecca Mayhew, took home ‘The Customer Focus Award’, while youth marketing agency Livity and co-founders Sam Conniff and Michelle Morgan collected ‘The Social Enterprise of the Year Award’.

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Factors Affecting the Growth of Small Businesses

By Dr Muhammad Azam Roomi

There’s no doubt that one of the main objectives of any entrepreneur is to have their enterprise grow and expand. To achieve this, it is very important to understand the factors that contribute to growth. There is a general consensus that growth in enterprises is a complex process, which is neither linearly continuous nor dependent upon only a limited number of factors.

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The Importance of Getting the Right Business Plan

By Professor Andrew Burke

People may observe high-performing ventures that don’t have business plans and conclude, why bother to plan?

Business planning is a time-consuming exercise and any business has to weigh up the value that is generated from spending time writing a business plan versus simply going out there and trying to sell. This can be particularly beneficial when a venture is launching a product or service in a very uncertain market, where even after carrying out plenty of analysis, uncertainty still...

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Ten Lessons in Creating a Great Business

By David Molian

How do high achievers manage to create a great business out of merely a good business?

Cranfield studied the accounts of 15,000 independent UK businesses with turnovers between £1m and £50m over a four-year period.

The results? Many aspire, few achieve. Fewer than 2% of these businesses consistently grew sales and profits by 25% and provided a decent return on capital employed.

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