Understanding Risks and Rewards Sep 28th
When using data management, understanding risks and rewards are critical to business. Managing data is like managing any other business value by controlling risks that can result in high costs and low returns. It is important to recognize risks and reward those that will reduce those risks while focusing on the most profitable activities.
One of the largest challenges facing data professionals today is self-service learning. The concept of self-service learning is becoming increasingly popular as businesses realize they must engage employees in decision making. With traditional software solutions, it was necessary to have an IT professional on staff to manage the data lifecycle, update licensing, configure devices and configure web portal applications. Today, with web-based applications and a focus on user self-service, IT budgets are shrinking while employees retain control over their data. This results in less costly training and a higher retention rate for new users.
Risk management is part of the data lifecycle. It is also part of the continuous improvement process for a more sustainable data management approach. Risk management must become an integrated part of the organization. It should be part of the everyday process of decision-making as it is a key factor in determining the rewards and risks of each action taken. If you are aiming for sustainability for data and risk management, you can consider establishing a data centre with ecological aspects in mind. You could also take the assistance of a professional like Walt Coulston with expertise in sustainable data centre designs and how they could be secured with the help of the best technology available to mitigate risks. Additionally, companies must be willing to test and adjust risks to find those that are not only acceptable but necessary in improving processes.
The rewards and risks associated with implementing a successful data lifecycle management system are directly related to the quality and the size of the business. The smaller the business and the simpler the process, the lower the rewards and the larger the risks. A small business with many unique products or services can be very risk tolerant and allow for quick iterations of solutions when issues arise. On the other hand, a large organization with a standardized product portfolio will be much more susceptible to risks and rewards when new products or services are introduced. Large organizations with a larger breadth of products and services will have more opportunities to encounter problems. They also have the resources to solve problems quickly and to respond to emerging trends and market conditions quickly.
In order to facilitate the self-service model of operations, a company must provide an easy way for its users to identify, evaluate, and measure risks and rewards. The user interface for the self-service tool must be very clear, straightforward, and easy to use. The tools should include comprehensive and concise reporting and analysis of risks and rewards. They should also allow the user to customize the self-service interface to fit the particular organization and its needs.
The final step of the risk profile is the modoras, which assesses the strengths and weaknesses of the risk profile. For example, a weak revenue stream may warrant a focus on improving cash flow. A strong market share lead may mean investing in advertising. Understanding risks and rewards is necessary in every organization so that managers can successfully implement and control the rewards or minimise the risks in their environment.
Sep 28th
When using data management, understanding risks and rewards are critical to business. Managing data is like managing any other business value by controlling risks that can result in high costs and low returns. It is important to recognize risks and reward those that will reduce those risks while focusing on the most profitable activities.
One of the largest challenges facing data professionals today is self-service learning. The concept of self-service learning is becoming increasingly popular as businesses realize they must engage employees in decision making. With traditional software solutions, it was necessary to have an IT professional on staff to manage the data lifecycle, update licensing, configure devices and configure web portal applications. Today, with web-based applications and a focus on user self-service, IT budgets are shrinking while employees retain control over their data. This results in less costly training and a higher retention rate for new users.
Risk management is part of the data lifecycle. It is also part of the continuous improvement process for a more sustainable data management approach. Risk management must become an integrated part of the organization. It should be part of the everyday process of decision-making as it is a key factor in determining the rewards and risks of each action taken. If you are aiming for sustainability for data and risk management, you can consider establishing a data centre with ecological aspects in mind. You could also take the assistance of a professional like Walt Coulston with expertise in sustainable data centre designs and how they could be secured with the help of the best technology available to mitigate risks. Additionally, companies must be willing to test and adjust risks to find those that are not only acceptable but necessary in improving processes.
The rewards and risks associated with implementing a successful data lifecycle management system are directly related to the quality and the size of the business. The smaller the business and the simpler the process, the lower the rewards and the larger the risks. A small business with many unique products or services can be very risk tolerant and allow for quick iterations of solutions when issues arise. On the other hand, a large organization with a standardized product portfolio will be much more susceptible to risks and rewards when new products or services are introduced. Large organizations with a larger breadth of products and services will have more opportunities to encounter problems. They also have the resources to solve problems quickly and to respond to emerging trends and market conditions quickly.
In order to facilitate the self-service model of operations, a company must provide an easy way for its users to identify, evaluate, and measure risks and rewards. The user interface for the self-service tool must be very clear, straightforward, and easy to use. The tools should include comprehensive and concise reporting and analysis of risks and rewards. They should also allow the user to customize the self-service interface to fit the particular organization and its needs.
The final step of the risk profile is the modoras, which assesses the strengths and weaknesses of the risk profile. For example, a weak revenue stream may warrant a focus on improving cash flow. A strong market share lead may mean investing in advertising. Understanding risks and rewards is necessary in every organization so that managers can successfully implement and control the rewards or minimise the risks in their environment.
Launching A Viable New Business Idea Aug 26th
While you may feel the temptation to jump on it immediately and drop everything else, you must carefully consider any new business idea with realistic expectations. How will you test it without risking everything right away? What will you do to verify it (which is, of course, only valid as to whether it has market potential), while spending the least amount of time, effort, and money possible? How will you know whether your idea really is a good one worth pursuing to the fullest? To test the idea’s viability, you must be realistic and test it within the context of your current circumstances and needs. Without this consideration, it’s easy to pass over promising new businesses without giving them a fair shake.
The next thing you must do before taking the leap is to research and analyze your new business idea. Your research should give you an understanding of both your industry and the opportunities available to you. You can also consult a reputed and professional business growth consulting team to gain better insights. You’ll then have a basic idea of the cost of starting the venture, which you must factor into your overall budget. If you’re just starting out with no additional resources, it will also be helpful to take a look at what you’ll need to hire and train others in addition to yourself to help you run the business. With an idea as strong as yours, though, all these expenses won’t add up.
When you’ve determined the viability of your new business idea, you may want to consider whether or not it would benefit from outside assistance. Although you may have the necessary skills to start up and run the business on your own, you may find it beneficial to enlist the aid of a professional to help take care of some or all of the work. For instance, you can get the It needs to be outsourced from a firm similar to BedrockIT, especially if you aren’t skilled in software-related things as this is an area where quality can’t be compromised. Well, you can hire concerned individuals for all those areas where you lack expertise. Though it may sound appealing to hire an entrepreneur who already knows what they’re doing, in the long run, it will cost you money. Instead, consider engaging the services of a business development consultant. While the consultant may charge you a fee for their services, they’ll be able to guide you through the entire process and lay down the structure and strategies you need to succeed. This stands especially true if you want to do some noble deed apart from making monetary profits from your business. Say, for instance, if you want to spread the words of the gospel or want to be part of missional entrepreneurship, concerned business consultants can guide you better in your approach.
Once you have a general idea of how to proceed, the next step in your new business idea pilot job search is to make a short list of opportunities. Many people fail to take the time to really identify and evaluate the opportunities that present themselves in their area. Instead, they simply choose a company that seems to meet all their qualifications, even if that company doesn’t have the best products or services available.
One mistake many people make when it comes to looking for a new business idea is to select companies without having a clear idea of how to get started. Many of the people who are looking to start a business are seeking additional resources to get started. A low-investment business model is one of the easiest ways to get started on your own. Not only will it save you money on startup costs, but it will also allow you to work on your project without spending additional resources. Look for a business plan that outlines specific ways in which you can work on your project without investing additional resources or going into debt.
Once you’ve decided what type of company you’d like to launch, it’s time to choose an idea. Some companies launch with a product or service that has already been developed. If this sounds like the ideal situation for you, there are plenty of examples of established companies that have launched successful ventures using a product or service that’s been well established. For instance, you can look at Viticult, the home of whisky cask ownership in the UK. If you have an interest in the alcohol industry, then you can invest in a firm similar to theirs. Similarly, you can choose a business and a brand of your interest.
Other people launching new ventures may want to develop an idea from scratch. If you’re interested in exploring the feasibility of launching your own business model, you may want to look into the low-cost alternatives that are available today. Even if a new business model sounds more complicated or less fun than the one you’re considering, it may be the better route for your needs.
Aug 26th
While you may feel the temptation to jump on it immediately and drop everything else, you must carefully consider any new business idea with realistic expectations. How will you test it without risking everything right away? What will you do to verify it (which is, of course, only valid as to whether it has market potential), while spending the least amount of time, effort, and money possible? How will you know whether your idea really is a good one worth pursuing to the fullest? To test the idea’s viability, you must be realistic and test it within the context of your current circumstances and needs. Without this consideration, it’s easy to pass over promising new businesses without giving them a fair shake.
The next thing you must do before taking the leap is to research and analyze your new business idea. Your research should give you an understanding of both your industry and the opportunities available to you. You can also consult a reputed and professional business growth consulting team to gain better insights. You’ll then have a basic idea of the cost of starting the venture, which you must factor into your overall budget. If you’re just starting out with no additional resources, it will also be helpful to take a look at what you’ll need to hire and train others in addition to yourself to help you run the business. With an idea as strong as yours, though, all these expenses won’t add up.
When you’ve determined the viability of your new business idea, you may want to consider whether or not it would benefit from outside assistance. Although you may have the necessary skills to start up and run the business on your own, you may find it beneficial to enlist the aid of a professional to help take care of some or all of the work. For instance, you can get the It needs to be outsourced from a firm similar to BedrockIT, especially if you aren’t skilled in software-related things as this is an area where quality can’t be compromised. Well, you can hire concerned individuals for all those areas where you lack expertise. Though it may sound appealing to hire an entrepreneur who already knows what they’re doing, in the long run, it will cost you money. Instead, consider engaging the services of a business development consultant. While the consultant may charge you a fee for their services, they’ll be able to guide you through the entire process and lay down the structure and strategies you need to succeed. This stands especially true if you want to do some noble deed apart from making monetary profits from your business. Say, for instance, if you want to spread the words of the gospel or want to be part of missional entrepreneurship, concerned business consultants can guide you better in your approach.
Once you have a general idea of how to proceed, the next step in your new business idea pilot job search is to make a short list of opportunities. Many people fail to take the time to really identify and evaluate the opportunities that present themselves in their area. Instead, they simply choose a company that seems to meet all their qualifications, even if that company doesn’t have the best products or services available.
One mistake many people make when it comes to looking for a new business idea is to select companies without having a clear idea of how to get started. Many of the people who are looking to start a business are seeking additional resources to get started. A low-investment business model is one of the easiest ways to get started on your own. Not only will it save you money on startup costs, but it will also allow you to work on your project without spending additional resources. Look for a business plan that outlines specific ways in which you can work on your project without investing additional resources or going into debt.
Once you’ve decided what type of company you’d like to launch, it’s time to choose an idea. Some companies launch with a product or service that has already been developed. If this sounds like the ideal situation for you, there are plenty of examples of established companies that have launched successful ventures using a product or service that’s been well established. For instance, you can look at Viticult, the home of whisky cask ownership in the UK. If you have an interest in the alcohol industry, then you can invest in a firm similar to theirs. Similarly, you can choose a business and a brand of your interest.
Other people launching new ventures may want to develop an idea from scratch. If you’re interested in exploring the feasibility of launching your own business model, you may want to look into the low-cost alternatives that are available today. Even if a new business model sounds more complicated or less fun than the one you’re considering, it may be the better route for your needs.Office Space – When to Upgrade Your Office Aug 19th
When you start looking at office space – when to upgrade, you will have a difficult time deciding. There is no right or wrong answer, but there are certain points to consider that will make the process easier. Many companies decide to upgrade when they are in the process of moving into their new offices or when they notice that the current office furniture is no longer meeting their needs. There are benefits and drawbacks to upgrading your space at any time; here are some things to look at.
When to upgrade? An office upgrade depends on several factors, including the size of the space, the upgrades you need, such as a new printer, scanner, or computer, and if possible, try to buy better models of your current office equipment. Examples include floor cleaners (probably bought from Intelligent Design Manufacturing), espresso machines, water coolers, and air conditioners.
When is the best time to upgrade? If you have an unused or under-utilized corner desk then it might be a good idea to upgrade to a more modern model that can help with your office clutter. On the other hand, you should only upgrade when you notice that something in your current setup is not meeting your needs. You could take a look at MPL office fit outs or others from similar refurbishment companies to see if they can match your new requirements. There are many cases when you can use a laptop or netbook while you are working, but for most offices this is not practical. You could upgrade to add wireless internet and video conferencing technology for a more productive workplace.
When to avoid upgrading? You should never upgrade to fill an empty office space. It is better to keep things simple and have space for everyone. It may be tempting to add too many equipment if you have plenty of room. You might think your office would seem less cluttered and crowded, but this clutter could multiply rapidly, making it harder to collaborate with colleagues. In such cases, it is better if you make wise decisions like placing equipment in the right spot. This could make sure the office looks spacious and well planned. Additionally, you can also keep cleaning provisions around your office to ensure that it is kept clean and hygienic at all times. You can purchase such janitorial supplies online from websites or offline stores around you.
You can always maintain a practice of arranging periodic deep cleaning of your office premise and equipment. It could be necessary to put a professional appearance and provide your employee with a clean and hygienic work environment. If you are looking for such service providers, feel free to get in touch with commercial cleaning companies like Green Facilities or similar firms near you. These firms can assign professionals for your office cleaning project who can operate in flexible hours so that your working hour is not affected.
When to avoid upgrading? When there is no room for upgrades. If you have an office with three or four walls then there is not enough overhead space for additional equipment. Even if you can get it up, there is not the demand right now to have equipment hanging from the ceiling. It is usually better to keep everything simple and leave it as-is.
Office space is one of the most important factors in keeping a productive office. It is also one of the most misunderstood. Many people believe that they can upgrade when their budget dictates it. Office managers are often tempted to spend money on the latest fancy equipment when what they really need is an upgrade. Office managers should keep in mind that a comfortable office, a clean workspace and great office productivity are priceless.
Aug 19th
When you start looking at office space – when to upgrade, you will have a difficult time deciding. There is no right or wrong answer, but there are certain points to consider that will make the process easier. Many companies decide to upgrade when they are in the process of moving into their new offices or when they notice that the current office furniture is no longer meeting their needs. There are benefits and drawbacks to upgrading your space at any time; here are some things to look at.
When to upgrade? An office upgrade depends on several factors, including the size of the space, the upgrades you need, such as a new printer, scanner, or computer, and if possible, try to buy better models of your current office equipment. Examples include floor cleaners (probably bought from Intelligent Design Manufacturing), espresso machines, water coolers, and air conditioners.
When is the best time to upgrade? If you have an unused or under-utilized corner desk then it might be a good idea to upgrade to a more modern model that can help with your office clutter. On the other hand, you should only upgrade when you notice that something in your current setup is not meeting your needs. You could take a look at MPL office fit outs or others from similar refurbishment companies to see if they can match your new requirements. There are many cases when you can use a laptop or netbook while you are working, but for most offices this is not practical. You could upgrade to add wireless internet and video conferencing technology for a more productive workplace.
When to avoid upgrading? You should never upgrade to fill an empty office space. It is better to keep things simple and have space for everyone. It may be tempting to add too many equipment if you have plenty of room. You might think your office would seem less cluttered and crowded, but this clutter could multiply rapidly, making it harder to collaborate with colleagues. In such cases, it is better if you make wise decisions like placing equipment in the right spot. This could make sure the office looks spacious and well planned. Additionally, you can also keep cleaning provisions around your office to ensure that it is kept clean and hygienic at all times. You can purchase such janitorial supplies online from websites or offline stores around you.
You can always maintain a practice of arranging periodic deep cleaning of your office premise and equipment. It could be necessary to put a professional appearance and provide your employee with a clean and hygienic work environment. If you are looking for such service providers, feel free to get in touch with commercial cleaning companies like Green Facilities or similar firms near you. These firms can assign professionals for your office cleaning project who can operate in flexible hours so that your working hour is not affected.
When to avoid upgrading? When there is no room for upgrades. If you have an office with three or four walls then there is not enough overhead space for additional equipment. Even if you can get it up, there is not the demand right now to have equipment hanging from the ceiling. It is usually better to keep everything simple and leave it as-is.
Office space is one of the most important factors in keeping a productive office. It is also one of the most misunderstood. Many people believe that they can upgrade when their budget dictates it. Office managers are often tempted to spend money on the latest fancy equipment when what they really need is an upgrade. Office managers should keep in mind that a comfortable office, a clean workspace and great office productivity are priceless.
Getting into the Aparthotel Business Aug 28th
Real estate is a very slow yet profitable business. At the heart of the industry is the goal to provide people who are looking for somewhere to stay, a place that can satisfy their need for safety and comfort. People invest in real estate heavily because of the rising human population. These people will need to live somewhere, even if it isn’t a permanent place. Native Property Management, for example, operates, maintains, and develops aparthotels (apartment hotels) that provide temporary homes for a lot of people. Continue reading “Getting into the Aparthotel Business”
Aug 28th
Real estate is a very slow yet profitable business. At the heart of the industry is the goal to provide people who are looking for somewhere to stay, a place that can satisfy their need for safety and comfort. People invest in real estate heavily because of the rising human population. These people will need to live somewhere, even if it isn’t a permanent place. Native Property Management, for example, operates, maintains, and develops aparthotels (apartment hotels) that provide temporary homes for a lot of people. Continue reading “Getting into the Aparthotel Business”
The growth of franchises around the globe Jul 30th
Whether it’s an automotive company, a fast-food establishment, or a chain of pubs, we’re here with Motability dealers, Lookers, who offering a variety of servicing offers, to look at some of the UK’s top franchises and learn how they got there and what we can learn from them!
Nowadays, many business hopefuls are using franchising as their route to the market. It’s no surprise that franchises are popping up everywhere! Currently, there are over 120 industries that have franchised companies, with the franchisee normally receiving help with their site selection and development support, operating manuals, brand standards, quality control, training and business advisory support from the franchisor.
Wetherspoon’s
Key business features
One key business feature of Wetherspoon is being positioned in key travel locations, such as train stations and airports. This is highlighted throughout the UK, as they can currently be found in Aberdeen, Birmingham International, Doncaster, Edinburgh, Liverpool John Lennon, Heathrow, Gatwick, Glasgow and Stansted airports, and near train stations around London, Leeds, Liverpool and Glasgow.
As well as the location being a key aspect, the chain also include a traditional offering of daily meal deals, which are a great hit with the public! They include the initial Curry Club and Steak Club, Chicken Club, Fish Friday and Sunday Brunch and offer a drink alongside them.
They currently are involved in a biannual beer festival with 60 beers on tap, highlighting that Wetherspoon is a great advocate for embracing the festival spirit.
History
Initially named Martin’s Free House, the chain changed its name to Wetherspoon a year after it’s opening in North London in 1979. The first Wetherspoon was opened from a former bookmakers’ store!
At first, the chains only expanded throughout North London. The company opened its first pub which had a no-smoking bar in 1991 in North Finchley, before moving more into Central London, with their first pub in Liverpool Street Station. The following year, JD Wetherspoon plc, opened their 50th pub in Heathrow airport!
By 1994, the chain had reached an impressive 100 pubs and venturing from London to as far north as the Midlands. The business kept expanding and moving into new territory throughout the 90s, with further establishments opened in Manchester, Wales and Scotland. 1998 saw the 300th pub open and its rapid expansion saw them reach 500 pubs being open by 2001. The 600-mark was reached in 2002 as the breakfast revolution got underway as all pubs opened six days a week to serve the first meal of the day. The 700th pub was launched in 2008, with the 800th following in 2011 and 900th in 2013.
Nowadays, the company employs over 35,000 staff, and owns 948 pubs and hotels.
What can businesses learn from Wetherspoon?
Wetherspoon’s have succeeded most by being flexible and adapting to their environment, offering a central location and a variety of exciting deals.
Greggs
Key business features
Regardless of how many stores there now is nationwide, Greggs likes to maintain its local routes, being rooted in the centre of a community. This means that, while there is the popular national range, regional favourites can be found in their stores depending on where you are.
History
John Gregg began a delivery service in the 1930’s, delivering eggs and yeast on his pushbike to families in Newcastle upon Tyne. It was after having this delivery service that helped local families bake their own bread for over 10 years.
This led to John Gregg opening a small bakery on Gosforth High Street in 1951, which consisted of a single shop with a bakery at the rear, allowing Greggs to begin baking quality bread with flour that was milled from specially selected wheat for that distinctive Greggs taste and texture.
In 1964 following his fathers passing, it was Ian Gregg that took over the reins of the family business. The company also started to grow in size by buying regional bakery retailers across the United Kingdom and, by the 1970s, they had shops in Scotland, Yorkshire and the North West. Under Ian’s leadership, Greggs developed a good reputation for selling products which were quality and of great value.
When there were more than 260 shops in four areas of the country. The company’s expansion was well underway by 1984 and for the first time ever, Greggs was on the Stock Exchange – opening shops in the Midlands, Wales and North London.
During the noughties, Greggs continued its rapid growth. By investing in a large Technical Centre, the company was able to focus on developing an array of new recipes while improving old favourites.
Lookers Group
History
John Looker initially rose to success when the business’ first major acquisition took place in the 60’s following the groups move to Yorkshire. Before this however, John Looker initially sold bicycles, parts, accessories, and the odd used car when he founded the company in Manchester in 1908. By 1910, the business had forged with a garage owner in the centre of Manchester. Primarily a Ford dealer until the First World War, the company was thriving so much that the garage had to be rebuilt in 1911 to accommodate all the business that it had generated.
The group continued its growth by acquiring a number of garages in Lancashire and Cheshire and was appointed a distributor of Austin motor vehicles in 1918. John Looker retired in 1929, but the business didn’t falter. During the Second World War the Austin factory was committed to the war effort as the country fought.
By 1973, their headquarters had moved from Hardman Street to Chester Road – their current base today. At the same time, the company became a listed company on the London Stock Exchange. Lookers is now one of the top three motor vehicle retailers in the UK, representing 32 manufacturers and selling car types at 150 franchised dealerships.
Key business features
One of the key features of Lookers’ as a business is to value their employees – this has been highlighted by the fact that the Group received top employer UK 2017 and 2018 accreditations, recognising that you must look after your own to be a success.
The Group understood the need to keep the local feel of the businesses while softly implementing their own touch by acquiring several local businesses, including Benfield.
By providing you with a ready-made business model and allowing you to keep your skills sharp while joining an already thriving business, you may feel as though you have a greater chance of success. While these are just three examples from a huge pool of successful franchises, it’s clear that the franchise world is going to continue growing, regardless of the industry you choose. So, budding business owners out there, make sure you research any possible franchises that could be of interest to you before jumping in feet first with your idea!
Sources
https://www.jdwetherspoon.com/about-us/our-history
https://www.theguardian.com/lifeandstyle/2010/may/16/nandos-fast-food-chipmunk-tinchy
https://www.pizzaexpress.com/about-us/our-history/peters-story
Jul 30th
Whether it’s an automotive company, a fast-food establishment, or a chain of pubs, we’re here with Motability dealers, Lookers, who offering a variety of servicing offers, to look at some of the UK’s top franchises and learn how they got there and what we can learn from them!
Nowadays, many business hopefuls are using franchising as their route to the market. It’s no surprise that franchises are popping up everywhere! Currently, there are over 120 industries that have franchised companies, with the franchisee normally receiving help with their site selection and development support, operating manuals, brand standards, quality control, training and business advisory support from the franchisor.
Wetherspoon’s
Key business features
One key business feature of Wetherspoon is being positioned in key travel locations, such as train stations and airports. This is highlighted throughout the UK, as they can currently be found in Aberdeen, Birmingham International, Doncaster, Edinburgh, Liverpool John Lennon, Heathrow, Gatwick, Glasgow and Stansted airports, and near train stations around London, Leeds, Liverpool and Glasgow.
As well as the location being a key aspect, the chain also include a traditional offering of daily meal deals, which are a great hit with the public! They include the initial Curry Club and Steak Club, Chicken Club, Fish Friday and Sunday Brunch and offer a drink alongside them.
They currently are involved in a biannual beer festival with 60 beers on tap, highlighting that Wetherspoon is a great advocate for embracing the festival spirit.
History
Initially named Martin’s Free House, the chain changed its name to Wetherspoon a year after it’s opening in North London in 1979. The first Wetherspoon was opened from a former bookmakers’ store!
At first, the chains only expanded throughout North London. The company opened its first pub which had a no-smoking bar in 1991 in North Finchley, before moving more into Central London, with their first pub in Liverpool Street Station. The following year, JD Wetherspoon plc, opened their 50th pub in Heathrow airport!
By 1994, the chain had reached an impressive 100 pubs and venturing from London to as far north as the Midlands. The business kept expanding and moving into new territory throughout the 90s, with further establishments opened in Manchester, Wales and Scotland. 1998 saw the 300th pub open and its rapid expansion saw them reach 500 pubs being open by 2001. The 600-mark was reached in 2002 as the breakfast revolution got underway as all pubs opened six days a week to serve the first meal of the day. The 700th pub was launched in 2008, with the 800th following in 2011 and 900th in 2013.
Nowadays, the company employs over 35,000 staff, and owns 948 pubs and hotels.
What can businesses learn from Wetherspoon?
Wetherspoon’s have succeeded most by being flexible and adapting to their environment, offering a central location and a variety of exciting deals.
Greggs
Key business features
Regardless of how many stores there now is nationwide, Greggs likes to maintain its local routes, being rooted in the centre of a community. This means that, while there is the popular national range, regional favourites can be found in their stores depending on where you are.
History
John Gregg began a delivery service in the 1930’s, delivering eggs and yeast on his pushbike to families in Newcastle upon Tyne. It was after having this delivery service that helped local families bake their own bread for over 10 years.
This led to John Gregg opening a small bakery on Gosforth High Street in 1951, which consisted of a single shop with a bakery at the rear, allowing Greggs to begin baking quality bread with flour that was milled from specially selected wheat for that distinctive Greggs taste and texture.
In 1964 following his fathers passing, it was Ian Gregg that took over the reins of the family business. The company also started to grow in size by buying regional bakery retailers across the United Kingdom and, by the 1970s, they had shops in Scotland, Yorkshire and the North West. Under Ian’s leadership, Greggs developed a good reputation for selling products which were quality and of great value.
When there were more than 260 shops in four areas of the country. The company’s expansion was well underway by 1984 and for the first time ever, Greggs was on the Stock Exchange – opening shops in the Midlands, Wales and North London.
During the noughties, Greggs continued its rapid growth. By investing in a large Technical Centre, the company was able to focus on developing an array of new recipes while improving old favourites.
Lookers Group
History
John Looker initially rose to success when the business’ first major acquisition took place in the 60’s following the groups move to Yorkshire. Before this however, John Looker initially sold bicycles, parts, accessories, and the odd used car when he founded the company in Manchester in 1908. By 1910, the business had forged with a garage owner in the centre of Manchester. Primarily a Ford dealer until the First World War, the company was thriving so much that the garage had to be rebuilt in 1911 to accommodate all the business that it had generated.
The group continued its growth by acquiring a number of garages in Lancashire and Cheshire and was appointed a distributor of Austin motor vehicles in 1918. John Looker retired in 1929, but the business didn’t falter. During the Second World War the Austin factory was committed to the war effort as the country fought.
By 1973, their headquarters had moved from Hardman Street to Chester Road – their current base today. At the same time, the company became a listed company on the London Stock Exchange. Lookers is now one of the top three motor vehicle retailers in the UK, representing 32 manufacturers and selling car types at 150 franchised dealerships.
Key business features
One of the key features of Lookers’ as a business is to value their employees – this has been highlighted by the fact that the Group received top employer UK 2017 and 2018 accreditations, recognising that you must look after your own to be a success.
The Group understood the need to keep the local feel of the businesses while softly implementing their own touch by acquiring several local businesses, including Benfield.
By providing you with a ready-made business model and allowing you to keep your skills sharp while joining an already thriving business, you may feel as though you have a greater chance of success. While these are just three examples from a huge pool of successful franchises, it’s clear that the franchise world is going to continue growing, regardless of the industry you choose. So, budding business owners out there, make sure you research any possible franchises that could be of interest to you before jumping in feet first with your idea!
Sources
https://www.jdwetherspoon.com/about-us/our-history
https://www.theguardian.com/lifeandstyle/2010/may/16/nandos-fast-food-chipmunk-tinchy
https://www.pizzaexpress.com/about-us/our-history/peters-story
The Wildly Successful Tech Start-Ups You Never Hear About Feb 14th
When one just takes the time read up about Silicon Valley culture, particularly the funding culture, it would only be natural to think that that community is made up of a bunch of nutters. The amount of money which is poured into ideas is insane and what’s perhaps even more insane is the manner in which the hedge funds go about allocating funds, with their willingness to fund almost any start-up based on the premise that one out of about ten goes on to be so successful that it pays for the funding of all the other eight or nine funded start-ups which weren’t quite as successful, if at all. Continue reading “The Wildly Successful Tech Start-Ups You Never Hear About”
Feb 14th
When one just takes the time read up about Silicon Valley culture, particularly the funding culture, it would only be natural to think that that community is made up of a bunch of nutters. The amount of money which is poured into ideas is insane and what’s perhaps even more insane is the manner in which the hedge funds go about allocating funds, with their willingness to fund almost any start-up based on the premise that one out of about ten goes on to be so successful that it pays for the funding of all the other eight or nine funded start-ups which weren’t quite as successful, if at all. Continue reading “The Wildly Successful Tech Start-Ups You Never Hear About”
The Hidden Cost of the Small Business Startup (And What to Do About It) Dec 12th
I’ve spent a great deal of my personal time expanding projects; I also work closely with clients on ways to improve growth. The common item I’ve found in my decisions and those that are dumping capital into their ideas is that they allow the finances to become too much of a factor. Continue reading “The Hidden Cost of the Small Business Startup (And What to Do About It)”
Dec 12th
I’ve spent a great deal of my personal time expanding projects; I also work closely with clients on ways to improve growth. The common item I’ve found in my decisions and those that are dumping capital into their ideas is that they allow the finances to become too much of a factor. Continue reading “The Hidden Cost of the Small Business Startup (And What to Do About It)”
Join us on Facebook
