Day: November 18, 2020

Five steps to successful business succession planning 

Many businesses try to foresee and plan for the future but unfortunately organisations often do not plan for the inevitable.

Where ill health or death is concerned, business owners and partners frequently fail to take a pragmatic approach to business succession planning.

Without a clear steer, businesses do not sort themselves as people may think.  Even where an organisation is family-run, inheriting a company without a succession plan can be a heavy and overwhelming burden to bear.

At a time when many businesses are focused on staying economically viable, it’s important to remember that storms do pass and owners should continue to keep an eye on the bigger picture. If the business succeeds and succeeds its owner(s), it is crucial to have a plan in place, not only for those that inherit the business but also for employees, suppliers and all those who rely on the survival of the

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Shoppers are stocking up early on Covid Christmas essentials

Shoppers are stocking up on festive groceries earlier than ever, with Asda yesterday reporting a surge in frozen turkeys and “lockdown-proof” items alongside a slowdown in quarterly sales.

The supermarket chain said that sales of Christmas trees had increased by 83 per cent, festive lights by 57 per cent, Christmas puddings by 71 per cent and mince pies by 44 per cent, compared with the third quarter of last year.

In a sign that families are preparing for smaller gatherings as social distancing restrictions may remain in place, sales of frozen turkey crowns, which serve three to four people rather than larger families, have increased by 230 per cent.

“After a rollercoaster year, it’s clear our customers are already planning for a very different Christmas,” Roger Burnley, 54, chief executive of Asda, said. “We have already seen a marked shift in buying patterns, with customers stocking up their freezers and

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How Business Insider reporter Warren broke the SoulCycle story

Business Insider reporter Katie Warren spoke about how she broke the story on SoulCycle trainers having relationships with clients.

Here is an excerpt:

Talk about your reporting process for the piece. How long did it take to come together?

I started working on this soon after I wrapped up my previous SoulCycle piece and spent about a month reporting it while working on a few other stories at the same time. I started by going back to many of my most helpful sources for the previous story. For everyone I spoke to, I always asked them who else I should try reaching out to and asked them to connect me with other sources if possible. I also found many new sources by scouring LinkedIn and even Instagram for people who had tagged photos at certain SoulCycle studios.

Weekly check-ins with my editor helped guide the reporting process. I went back

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