Managing to be ahead in the generation game
Article Abstract:
The UK's family-owned businesses are outperforming non-family owned companies. Statistics show that between 1970 and 1991, shares of family businesses quoted on the London Stock Exchange have been performing 30% better than those of quoted non-family owned enterprises. According to Richard Brucciani, chairman of the Confederation of British Industry's Smaller Firms' Council, the impressive performance of family-owned companies are due to consistent management goals and long-term planning. These firms are also risk-averse and are less vulnerable to takeovers. The success of quite a number of Scottish family enterprises disproves the notion that family ownership may hinder the growth of a business. Johnston Press PLC, Hall of Broxburn and A.G. Barr PLC share their experiences with regard to trying to grow the company while keeping control within the family.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1992
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Angelic mission to make money
Article Abstract:
Scotland's community of informal investors is proving to be more active than venture capitalists in stimulating the growth of the small business sector. It is estimated that these investors pump in approximately 13.5 million pounds sterling annually mostly to business start-ups and early developments. Informal investors are often referred to as 'business angels' because of their low visibility. They are not active investors, making an average of one investment every three years, but the amount of money they put in businesses are often huge. What makes business angels different from venture capitalists is that angels play an active role in the firms they invest in to contribute to the management of that business. In contrast, venture capitalists usually participate actively in business management to protect their investments.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1992
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Business start-ups: a game of chance?
Article Abstract:
Starting a business during a recession can be extremely risky, when cases of bankruptcies and insolvencies always increase significantly. There is no one prescribed way in carrying out a business start up. However, people intending to start their own companies may reduce the risks involved in such a move with teamwork, strong financial backing, and good planning that considers the company's goals and the strategies to achieve them. If a company, started during a recession, can survive the poor economic condition, then it has a very good chance of succeeding in better times.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1991
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