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Lance Ranger, Attendus Director: Successful Family Business Succession

By
Claire James
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Lance Ranger, Attendus Company AG director, is a practicing solicitor and owner of the Attendus Group Zug in Switzerland. This article will look at business succession planning, outlining factors that business owners need to consider in ensuring a smooth transferral of ownership and protecting the future viability and success of the business.

For family businesses, smart succession planning is crucial to ensure the long-term success of the enterprise. However, many family business owners fail to undertake adequate preparation in terms of preparing the next generation for the challenges and pressures involved in owning and running a successful business.

Succession planning is a tough topic for many business owners. In order for the next generation to take over, current leadership must hand over the reins. Having spent years or decades building the business and making it a success, many founders find it hard to let go, no matter how educated, accomplished and diligent the child. Nevertheless, no business owner can go on forever. Choosing a successor and planning an orderly transfer of control is vital in terms of protecting the long-term future of the business.

Accordint to a PwC report, succession planning is a perennial problem for family-run businesses. Indeed, a Family Business Survey published by the National Bureau of Economic Research Family Business Alliance suggested that a staggering 43% of family-owned businesses did not have succession planning in place, despite the fact that roughly three in four of those business owners planned to pass the enterprise on to their children.

Most owners of family businesses are so involved in day-to-day operations that they are not thinking of what is next for them or their family and how that intersects with the business.

A lack of proper succession planning can create numerous problems from both the business and the family’s perspective, potentially leading to legal disputes and heated family disagreements. Unfortunately, these are often played out under the watchful eye of the media, which is bad news for all involved.

For business owners who expect one or more of their children to take over leadership of their enterprise at some point in the future, the earlier they start planning that transition the better. Aspects of succession planning include taxes, estate planning, ownership stakes, voting rights and liability.

Long-term succession planning provides the next generation of business leadership with sufficient time to learn management skills, as well as presenting the outgoing business owners with ample opportunity to gauge their children’s leadership skills. One way of achieving this may be for the outgoing business owner to set up a board of advisors that they also sit on themselves, giving their child non-voting shares. Once the child can prove that they are capable of running the business well, they may be given the option of paying off the non-voting shares before purchasing voting shares in the company, giving them more responsibility and control.

The longer the succession planning process, the better the chance to mentor. Of course, in creating a succession plan, there are a variety of important factors to consider, chief among them, which child or children will take over, a decision that can be fraught for families. It can also be an emotional process. Not only are there financial implications to consider, but choice of leadership will ultimately impact what the business will look like in the future, affecting how it intersects with both the family and the community.

A report published by Harvard Business Review suggests that most firms fail to remain a family enterprise past the second generation. Of those that do succeed, a key consideration is how non-family personnel will receive the successor. Perceptions of nepotism in the workforce can significantly undermine the commitment of non-family employees, causing them to question their future participation in the business. Addressing this can be incredibly challenging for business leaders in the process of handing over power, as their primary concern is likely to be choosing a family successor and providing employment opportunities for family members.

However, having conducted a review of more than 30 years of research on non-family employees working in family businesses, the Harvard Business Review report did not suggest discarding family succession altogether, finding that, in many instances, non-family employees actually preferfamily successors over non-family outsiders due to the family-like cultures that attach to family succession. Nevertheless, it is crucial for family firms to reassure their employees that the next generation of leadership is well-suited to the role and capable of coping with the challenges they will unavoidably face.

Dealing With Financial Emergencies: Same Day Loans Explained

By
John Richardson
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With rising inflation, the cost of living crisis and a general sense of economic uncertainty, many people are struggling to manage their financial needs. As financial emergencies and unexpected expenses arise when least expected, many households struggle to make ends meet. What’s worse is the lack of loan options available to people with a less-than-perfect credit score.

In times like these when the need for urgent money can’t wait, same day loans for employees come to the rescue. 

A same day loan is a type of loan that is largely found online and usually takes less than 24 hours to be disbursed. As the name suggests, these loans can also be transferred to your bank account within the same day depending on the lender’s policies. 

This allows you to address your urgent matters immediately and deal with your financial obligations without any delay. By applying for a loan online, same day loan lenders offer approval within a few hours and disburse cash within the same day. Thereby, helping you address time-sensitive issues promptly. 

However, many individuals are understandably hesitant to apply for same day loans. That’s why in this article we are going to discuss the top advantages of these loans and answer other FAQs related to same day loans.

Advantages of Same Day Loans

Offering a wide range of advantages to borrowers, same day personal loans can provide a very helpful and positive borrowing experience. Let’s take a look at some of these advantages:

Speed and Convenience: When dealing with certain financial emergencies in life, time is of the essence. Same Day loan lenders recognise this and offer you a swift, stress-free and convenient way to borrow money. Avoiding the need for lengthy paperwork, and time-consuming approval processes, these lenders offer absolute convenience and speed. 

Flexibility: Most forms of credit are usually offered to fulfil a specific purpose. For example, car parts on finance will only allow you to purchase car parts, consumer durable loans will only let you buy finances. However, there are certain financial needs in life for which there aren’t any specific loans. That’s where same day loans are different. By offering you flexibility of use, these loans can be utilised for any legal purpose you see fit. Whether it is an emergency pet medical bill, a loved one in need of money, car repairs or anything else, with same day loans, you are covered. 

No Collateral Required: Unlike many traditional loans that require collateral to secure the loan, these loans usually ask you for no collateral. Generally, these lenders operate on the idea that fair and affordable credit should be accessible to all. That’s why they offer unsecured loans that eliminate the risk of losing valuable assets.

Credit Building Opportunities: Having a low credit score can leave you with very few borrowing options. However, by offering quick same day loans to people with a low credit score, online loan lenders offer you the opportunity to improve your credit. By responsibly repaying these loans, you might be able to see some growth in your credit report. This, in turn, helps you access more forms of credit at an affordable rate.

Frequently Asked Questions on Same Day Loans

How do same day loans work?

Beginning with a simple online application, same day loans require you to provide your basic personal and banking information. Once submitted, your loan application is reviewed by a dedicated team. If approved, you will be provided with the terms and conditions of the loan which will include the interest rate, repayment terms and other essential information. As soon as you accept the loan, the money will be transferred to your account within the next 24 hours.

Are same day loans available for low-score credit borrowers?

Yes, same day loans are also available for those with a low credit score. Offering competitive interest rates and minimal fees, many online lenders provide fair and affordable loans to low credit applicants.

Can I apply for same day loans online?

Yes, you absolutely can! Most same day loans are applied for, approved and disbursed online. With these loans, you can receive the funds you need directly in your bank account without the hassle of in-person visits. Thereby, allowing you to get quick and convenient access to emergency funds on any device with an internet connection from the comfort of your home. 

What are the requirements for same day loan approval?

Although most eligibility requirements for same day loans vary from lender to lender, some remain the same. Usually, to apply for a same day loan, you need to be at least 18 years old, have a bank account and a steady, legal source of income. You will also be required to share your personal identification details and basic banking information.

How quickly can I receive funds with same day loans?

When applying for same day loans online you can get access to your funds within a few hours of approval. While the exact time varies for all lenders, most lenders transfer the funds into your account within as little as 24 hours.

What can I use same day loans for?

Unlike most traditional loans like car loans or mortgages, same day loans can be used for whatever purpose you see fit. From home repairs to unexpected expenses to debt consolidation, these loans offer flexibility of use. Thereby, encouraging you to promptly address your financial needs.

Are there any alternatives to same day loans for quick financing?

Although same day loans can be an exceptionally quick financing solution, there are a few other alternatives available. These alternatives are credit cards, secured loans, payday loans or car repair financing . However, before you choose one of these alternatives, it is always a good idea to compare the interest rates, repayment terms and any other terms before making a decision.

Conclusion

Now that you know everything about same day loans, it’s time to find the most suitable lender for you. However, make sure you thoroughly assess the credibility of your lender to ensure absolute security.

By effectively analysing their website and online reviews, you can understand whether your lender is reliable or not. Once you are assured, you can apply for same day loans and have the money transferred to you within a few hours. Thereby allowing you to manage financial emergencies effectively.

The Benefits of Car Finance for Younger Drivers

By
Claire James
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There are numerous options you could consider when buying your new car to help streamline the purchase. One such example that is increasingly popular among younger drivers is the world of car finance – which can no doubt provide many benefits. But how can younger drivers benefit from finance, and might this be the right option for your vehicle purchase?

How Does Car Financing Work?

Car financing is a relatively simple process, much like many other forms of financing agreements. The buyer generally puts down a sum of money toward the purchase of a car; a financing company provides the remainder of the value as a loan. From there, the borrowed sum is paid back in monthly instalments until the vehicle is owned outright.

Usually, car financing will charge interest on the loan. This does mean you’ll pay slightly more for the vehicle than you normally would.

Can I Buy or Sell A Car That Was On Finance?

If you are buying a car on finance, there’s some good news: you are perfectly welcome to sell it once the loan has been paid off. However, until you have paid off the loan, you do not own the vehicle outright; thus, you will not be able to sell it until the finance agreement has been settled.

Along a similar line of thought, you should never purchase a vehicle with outstanding finance (no matter how much of a bargain it might seem). This could leave you taking on someone else’s finance – effectively making you pay for the car twice.

Luckily, a vehicle check offers the ideal option in this regard, allowing you to check that your chosen new car is genuine. Vehicle history checks help you ensure that the seller has paid off any financing they may have had on the vehicle; moreover, they also provide a wealth of other information, such as write off status, MOT history, and more.

The Benefits of Car Finance for Younger Drivers

Car finance can be a good option for younger drivers for numerous reasons, and keeping this in mind can help you decide whether this might be the right route for you to go down.

Most notably, car finance allows younger drivers to purchase a vehicle that might otherwise require them to save up for longer – offering a whole wealth of new opportunities accordingly.

It’s also important to note here that car finance for younger drivers can help you develop your credit score – potentially making it easier to take out more substantial loans (e.g., a mortgage) down the line.

And, if you have been concerned about getting approved, there’s some good news: car finance is available even if you’ve only got a provisional licence, so don’t overlook it just because you’ve not yet passed your test.

Final Thoughts

Cars are expensive purchases (even when buying second hand). As such, getting finance can be an excellent option for younger drivers – but always make sure that the vehicle you are purchasing is genuine and not on finance first!

Cirex Foundry: Pioneering Precision With the Lost Wax Technique

By
Claire James
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The realm of metal casting has been revolutionized in recent years, with new technologies constantly pushing the boundaries of what’s possible. Among these innovative frontrunners stands Cirex Foundry, a company that has brilliantly mastered the art and science of metal casting, specifically with the lost wax technique.

A deep dive into Cirex Foundry

It is not just any foundry; Cirex Foundry stands out in the fiercely competitive landscape. Specializing in producing intricate and precision metal parts, they’ve captured the attention and business of industries ranging from aerospace to healthcare. Their success is rooted in their commitment to innovation, a passion for perfection, and an impeccable attention to detail.

What’s more, Cirex prides itself on environmental responsibility. Their green initiatives, including energy-efficient machinery and waste reduction efforts, are exemplary in the metal casting domain. Such efforts not only ensure that they meet stringent environmental standards but also add to their reputation as an industry leader that values sustainable practices.

Unraveling the lost wax technique

But what truly sets Cirex Foundry apart? The answer lies in the ancient yet sophisticated technique they’ve perfected – the lost wax casting.

For the uninitiated, the lost wax (or “investment casting”) technique is a multi-step process that allows for the creation of highly detailed metal components. Here’s a brief overview of the magic:

  • Model creation: A model of the desired part is first created out of wax. This wax model is an exact replica of the final component.
  • Shell building: The wax model is then dipped into a ceramic slurry, forming a ceramic shell around it once hardened.
  • Wax removal: The ceramic-coated model is then heated, melting away the wax (hence ‘lost wax’) and leaving a hollow ceramic mold.
  • Metal pouring: Molten metal is poured into this hollow mold. Once cooled, the metal solidifies, taking the shape of the desired component.
  • Breaking the mold: The ceramic shell is carefully broken away, revealing a precision-cast metal component.

The beauty of this technique lies in its ability to produce components of intricate designs with excellent surface finishes, eliminating or minimizing the need for further machining or finishing.

Why the buzz around lost wax and Cirex?

While the lost wax technique is not new, its application in modern industries is continually evolving, thanks to pioneers like Cirex Foundry. The method allows for the production of parts with complex geometries and tight tolerances, often impossible with conventional casting techniques.

For businesses, this means:

  • Cost efficiency: Reduction in post-casting machining and finishing translates to cost savings.
  • Precision: Components produced are of high accuracy, reducing the risk of defects and wastage.
  • Flexibility: Allows for design changes without massive overhauls, ideal for industries that require frequent design iterations.

Looking forward with Cirex

With a world that’s rapidly moving towards customized solutions and tighter design specifications, companies like Cirex Foundry are paving the way. Their mastery over the lost wax technique not only ensures that businesses get the best-in-class components but also reinforces the belief that tradition and technology can coexist harmoniously.

For businesses keen on top-notch quality, precision, and sustainability, Cirex Foundry’s offerings are hard to overlook. Their prowess in leveraging age-old techniques for modern-day applications makes them a beacon in the metal casting industry.

In a world where precision and sustainability are paramount, it’s heartening to see companies like Cirex lead the way, reminding us that sometimes, looking back at ancient techniques can propel us forward.

Matthew Podger: How to Start a Business

By
Claire James
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Experienced business leader Matthew Podger is a seasoned entrepreneur with extensive experience of the hospitality industry. This article will provide an overview of some of the main considerations in launching a business, from business structure to financial planning.

Concept

Every business is spawned from a simple idea, with the entrepreneur taking this concept and turning it into something specific and measurable. At the outset, founders need to consider whether they want to offer a product or service and whether they intend to sell direct to customers or other businesses. Will they focus on the business full-time or launch it as a side gig? Does the idea fit the entrepreneur’s particular skillset, and what industry do they intend to sell to?

Market Research

Market research is an invaluable tool, enabling the founder to build up a complete dataset of their target customer, including gender, age and socioeconomic status. Typically, market research consists of physical or online surveys, helping the entrepreneur to identify who their target customer is and where they are based; what services or products they already use that the business will need to compete with; how much the target customer is willing to pay; and what makes the product worth the money.

Market Analysis

Once the founder has conducted market research, they must carry out broader market analysis, helping them to identify current market challenges and opportunities. Relying on a combination of desk research and field analysis, market analysis may consist of feedback from market testing, such as customer questionnaires. In addition, the founder will need to review competitor websites, market reports and news articles.

Competitor Analysis

Market competitiveness is a major consideration in launching any new business, as a market that is already saturated could prove extremely challenging to break into. In assessing the competition, founders will need to look at factors such as the location of rival businesses; the size of the enterprise; their product or service offerings; pricing; sales channels; and crucially, their strengths and weaknesses.

Decide on a Business Structure

Choosing a business structure is one of the most important considerations for founders, as it will impact their accounting responsibilities, tax liabilities, ownership of equity and how they fund the company. The simplest and most common type of business is a sole proprietorship. Meanwhile, partnerships consist of two or more partners in business together, while a limited company is a legally recognisable entity with reporting and management responsibilities. With a limited company, the business’s assets and liabilities are separate from the business owner’s.

Create a Business Plan

A business plan is a critical tool in terms of attracting investment. It should incorporate financial analysis, dealing with aspects such as start-up costs, operational costs and pricing strategies. It should also identify the break-even point, i.e. when the business will start generating a profit.

The Best of Both Worlds: Introducing the Hybrid Infrared Heater

By
Claire James
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The demand for energy-efficient and environmentally friendly solutions has grown rapidly as the world continues to evolve and embrace sustainable living. The hybrid infrared heater stands out as a notable development in home heating technology among these innovations. This new system promises to revolutionize the way we keep our homes warm and comfortable by combining the best of two worlds – infrared and traditional heating systems. In this blog, we will look at the working and benefits of the hybrid infrared heater, as well as why it is becoming increasingly popular among eco-concious homes.

1. Understanding the Hybrid Infrared Heater

The hybrid infrared heater is an updated heating device that blends thermal and standard heating procedures. Rather than heating the encircling air, infrared heating makes use of electromagnetic radiation to immediately warm objects and surfaces. Standard heating methods, on the other hand, such as convection and radiant heating, focus on heating the air in a room. The hybrid heater combines these ideas to maximize electricity efficiency while additionally presenting a more constant and snug heating experience.

2. How Does It Function?

The hybrid infrared heater is powered by innovative technology that combines infrared panels and a convection system. The infrared panels emit infrared rays, which heat the objects and people in the room directly. This technique is analogous to the warmth we feel when basking in the sun, making it a natural and comfortable approach to heat a place.

In addition, the hybrid heater has a convection mechanism that circulates the warm air throughout the room. This guarantees that heat is distributed evenly across the space, preventing cold spots and keeping a stable temperature.

The hybrid infrared heater is outfitted with advanced sensors and controls to optimize energy consumption. These sensors detect the ambient temperature and regulate the heating output accordingly, ensuring that the system runs at peak efficiency. Some models also include occupancy sensors, which detect when a room is unoccupied and automatically limit heat output, saving even more energy.

3. The Advantages of a Hybrid Infrared Heater

3.1 Energy Conservation

The hybrid infrared heater’s great energy efficiency is one of its key features. It reduces heat loss through draught and ventilation by directly heating things and people. Furthermore, the convection mechanism guarantees that the hot air is dispersed uniformly, reducing energy consumption. Homeowners should expect big savings on their heating expenditures while maintaining comfort.

3.2 Environmentally Conscious

As the world fights climate change, ecologically friendly heating solutions are critical. The hybrid infrared heater is ideal since it considerably cuts energy usage and household carbon footprint. It helps conserve vital resources and minimizes greenhouse gas emissions by optimizing heating with innovative technologies.

3.3 Health and Comfort

Conventional heating methods frequently result in dry air, which can be uncomfortable and aggravate respiratory problems. The hybrid infrared heater, on the other hand, maintains a comfortable amount of humidity in the air, supporting greater indoor air quality and overall well-being. Heat is distributed evenly throughout the room, eliminating cold spots and guaranteeing a cozy and comfortable environment.

3.4 Quick Heating Response

Unlike standard heating systems, which take time to warm up, the hybrid infrared heater heats up quickly. When the system is turned on, the infrared panels begin to emit heat, immediately warming the objects and people in the room. As a result, it is an excellent choice for houses in colder areas or for people who seek quick and effective heating solutions.

4. Applications of the Hybrid Infrared Heater

The hybrid infrared heater’s adaptability allows it to be utilized in a variety of contexts, and the addition of built-in Wi-Fi capabilities makes it even more convenient and user-friendly. The hybrid infrared heater delivers modernity and control to customers’ fingertips by providing seamless connectivity to smart devices and home automation systems.

Homeowners may remotely monitor and alter heating settings using dedicated smartphone apps thanks to the smart hybrid infrared heater. With a few taps on your phone, you can simply turn the heater on or off, select preferred temperatures, and create customized heating plans whether you’re at home, at work, or on vacation. This level of control ensures that your home is always at the ideal temperature, while also allowing you to manage the temperature.

The built-in Wi-Fi also allows for firmware updates and gives useful information on energy use habits. Homeowners may access detailed statistics on their heating usage, allowing them to make informed decisions about energy conservation and lowering their carbon footprint even more.

Conclusion

The hybrid infrared heater is an interesting aggregate of cutting-edge generation and power-saving principles. This precise generation offers amazing consolation, environmental friendliness, and financial savings for families and companies alike by combining the advantages of both infrared and conventional heating structures. As we move towards a more environmentally friendly and sustainable future, the hybrid infrared heater is at the vanguard of the domestic heating era, making it an investment well worth considering for anyone wishing to get the quality of both worlds in the discipline of indoor heating.

How does water procurement benefit your business in the long run?

By
John Richardson
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There are many long term benefits to managing your water procurement now

Success is often determined by a company’s ability to anticipate challenges and adapt to changing circumstances. One area gaining increasing significance, due to both environmental and economic factors, is the domain of water management.

As resources become scarcer and sustainability becomes paramount, the advantages of water procurement for businesses are hard to ignore. There are numerous benefits to effective water management, regardless of your industry or business size. Let’s a look at some of these key advantages.

Cost-effectiveness and predictability

Every business aims to control its operational costs and reduce uncertainties. Water procurement ensures that companies can negotiate the best rates for their water supply, locking in favourable terms that offer protection against future price volatility. With a structured procurement strategy, businesses can achieve stable pricing and improved budget predictability.

Sustainability and corporate responsibility

Today’s businesses are increasingly evaluated on their commitment to sustainable practices. By adopting a conscious approach to water procurement, businesses demonstrate an active role in conserving a crucial resource. This not only reduces their environmental footprint but also aligns with the values of eco-conscious consumers, investors, and stakeholders.

Ensured business continuity

Water shortages or disruptions in supply can halt operations, leading to significant financial and reputational damage. Through effective water procurement, businesses can ensure a consistent and reliable supply, safeguarding against potential operational disruptions.

Competitive advantage

In industries where water is a primary input or component, its quality and consistency can have a direct impact on product quality. Secure, high-quality water sources can give businesses a competitive edge, ensuring that their products remain top-tier in the market.

Regulatory compliance

With governments worldwide imposing stricter regulations on water usage and waste discharge, businesses need to remain compliant to avoid legal repercussions. A dedicated water procurement strategy ensures adherence to these regulations, reducing the risk of penalties and sanctions.

Enhanced brand image

Consumers are becoming more discerning, often choosing brands that resonate with their personal values. Businesses that prioritize sustainable water procurement can leverage this as a unique selling proposition, enhancing their brand image and fostering customer loyalty.

Foster innovation and efficiency

Efficient water procurement can act as a catalyst for innovation within an organization. The need to secure and optimize water resources might lead to the exploration of new technologies or processes, such as wastewater recycling or advanced purification techniques. This drive for innovation can lead to operational efficiencies and position the business as a market leader.

Adaptability in changing environments

With global climate changes impacting water availability in various regions, having a robust water procurement strategy allows businesses to adapt quickly. Whether dealing with unexpected droughts or floods, a well-planned procurement process ensures that businesses remain resilient in the face of environmental uncertainties.

Employee morale and engagement

When companies emphasize sustainable practices like responsible water procurement, it often boosts employee morale. Staff take pride in being part of an organization that prioritizes environmental stewardship, leading to increased engagement and productivity.

Strengthening supplier relationships

Engaging in long-term water procurement contracts can foster stronger relationships with suppliers. This symbiotic association ensures that both parties work collaboratively, leading to better terms, improved trust, and the potential for joint ventures or collaborations in other areas.

Future-proofing business operations

As freshwater becomes even scarcer in the future, those businesses with established water procurement strategies will be ahead of the curve. They’ll be better positioned to handle increased competition for resources, ensuring that their operations remain sustainable and efficient in the years to come.

From bolstering brand reputation to ensuring sustainability and driving innovation, water procurement is an investment that promises significant returns for forward-thinking businesses.

How to Conduct a Successful Property Viewing the 8 Must Haves

By
Claire James
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When it comes to finding the perfect property, conducting a successful viewing is a crucial step. Whether you are a prospective buyer or a tenant, a property viewing offers you the chance to explore the space, assess its suitability, and envision your future within its walls. To make the most of this opportunity, here are eight must-haves for a successful property viewing, backed by the most reliable estate agents Chester can offer. 

Preparedness is Key

Before attending the viewing, gather essential information about the property and its surroundings. Know the asking price or rental cost, the property’s size and features, and any potential deal-breakers. Understanding these details will help you ask informed questions and make insightful observations during the viewing. Buyers who are well-prepared before a viewing have a higher chance of making an offer on the property.

Arrive with a Checklist

Create a checklist of the features and amenities that are essential to you. Whether it’s a spacious kitchen, ample storage, or proximity to public transport, having a clear checklist will help you evaluate each property objectively and avoid overlooking key factors. A report by Haart found that buyers who used a checklist during property viewings were more likely to remember important details about the properties they visited.

First Impressions Matter

As the saying goes, first impressions are everything. According to the HomeOwner’s Alliance, a study on kerb appeal in the UK reveals that 68% of homeowners consider it to be crucial, with well-maintained windows ranking as the most significant aspect. If a seller has managed to be mindful of this, you can have more faith in the overall condition of the property too. From the exterior kerb appeal to the entrance hall, take note of the property’s initial impact. A well-maintained exterior and welcoming entrance can indicate that the property has been cared for, a positive sign for potential buyers or tenants.

Assess the Condition

Inspect the property’s condition carefully. Look for signs of dampness, cracks, or any structural issues. Check the plumbing, electrical fixtures, and heating systems. Identifying potential maintenance needs will help you estimate additional costs and negotiate a fair deal. It is a well-known fact that conducting a thorough inspection of the property’s condition can help you avoid unexpected repair costs. This ensures that you receive a property in good condition.

Consider the Layout

Imagine yourself living or working in the space. Consider the flow of the rooms and how the layout matches your lifestyle or business needs. Visualise how you would furnish the space and how it accommodates your daily activities. According to a study by the National Association of Realtors, layout and floor plan are among the top factors that influence a buyer’s decision when choosing a property.

Natural Light and Ventilation

Good natural light and proper ventilation can significantly enhance the appeal of a property. Check for windows in each room and assess if they provide ample light and air circulation. Well-lit and well-ventilated spaces create a pleasant living or working environment. A research study published in the Journal of Building Engineering found that natural light and ventilation positively impact the overall well-being and productivity of occupants in residential and commercial properties.

Location

Location remains one of the most critical factors influencing property prices and rental demand. Evaluate the property’s location and its proximity to essential amenities. Consider factors like schools, public transport links, shops, parks, and medical facilities. A convenient location that meets your lifestyle or business requirements can add significant value to the property. 

Ask Questions

Don’t hesitate to ask the estate agent or landlord questions during the viewing. Inquire about the property’s history, the reason for selling or renting, and any ongoing or planned renovations. Clarify any doubts you have to make an informed decision. Generally, buyers and tenants who actively ask questions during property viewings feel more confident in their decision-making process and are more likely to proceed with an offer.

Endnotes

As a property buyer, conducting a successful property viewing is crucial for finding the perfect home or investment. It is vital to be prepared, have a checklist, and pay attention to details like condition, layout, and location. Of course, first impressions, natural light, and asking questions are also key to making informed decisions. With these must-haves in mind, you can embark on a successful property viewing experience.

How Alumnae Keep in Touch With Roedean School

By
John Richardson
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Girls who enjoy a Roedean education make memories that last a lifetime. But students don’t have to stop making these memories when they leave the girls’ boarding school in Brighton. Alumnae — known as Old Roedeanians (OR) — keep their school community alive through the Old Roedeanians’ Association (ORA).

Any alumna who has attended Roedean School for at least two years can join the ORA, as can former staff that alumnae nominate. ORs volunteer to run the Association and plan events for alumnae across the years to enjoy.

The Old Roedeanians’ Association Aims

A member of The Schools’ Alumni Association (AROPS), the ORA upholds the following aims:

  • Keep the Lawrence sisters’ founding vision for Roedean alive.
  • Uphold Roedean’s excellent reputation.
  • Assist and support the girls’ boarding school.
  • Provide a connection point between alumnae and the School.
  • Support the OR Scholarship Fund.
  • Host reunions and social events to cultivate alumnae friendship and support.

Old Roedeanians: Keeping in Touch

There are four main ways that ORs keep in touch.

1. The Roedean Community Network

Alumnae can access the Roedean Community Network, a dedicated website for ORs to keep up to date with School and OR news, book upcoming events, and connect with alumnae.

On the website, alumnae can also find the OR Business Directory, where they can advertise their businesses or find OR-owned businesses to support.

On top of this, alumnae can access a Virtual Bookshop on the website, where they can learn about OR authors, such as Tessa Dahl.

2. Old Roedeanians’ Magazine

The Old Roedeanians’ Magazine — published in print — is a must-read for keeping up with ORA news. Alumnae can learn about news of friends, such as marriages, births, reunions, and obituaries. They can also contribute to the magazine themselves.

3. Old Roedeanians’ Association on Social Media

The ORA is active on Facebook, Instagram, and LinkedIn:

  • Alumnae post their news and notices in the ORA Facebook group. They also find details about upcoming events here.
  • The ORA Instagram page is a great way to keep up with the latest OR news.
  • The ORA LinkedIn group is an ideal place for alumnae to post about their business interests and experience, ask for support, post job and internship adverts, and request membership.

4. Old Roedeanians’ Events

Attending OR events is another great way to keep in touch with alumnae. The ORA hosted two of its latest social events in April 2023. These events included a Heritage Projects Tour and a two-day event with afternoon tea and a netball match.

Heritage Projects Tour

Headteacher Niamh Green and her daughter joined ORs to tour the ORA’s proposed conservation and restoration projects at Roedean.

During the tour of the girls’ boarding school, ORs explored:

  • The sundial on the front terrace.
  • The newly restored frieze in No. 3. Sylvia Lawrence, the sister of Roedean’s founders, painted this frieze.
  • Friezes that are yet to be restored in No. 1 and No. 2.

ORs then gathered in the chapel to discuss the Battle of Jutland ensigns, including the No. 1 ensign given to Roedean when HMS Vernon vacated after World War II in 1945.

Sunny weather allowed the alumnae to visit the fountain in the cloisters garth. An OR donated the fountain to Roedean School in 1906. Although the fountain no longer functions, it would be possible to restore the original design and use the fountain today.

The alumnae walked down the familiar main corridor to reach the board inside the School’s main entrance. This board details the names of the original benefactors of the school buildings. These benefactors include:

  • The Victorian painter George Frederic Watts, whose daughter attended Roedean.
  • The Roget family, of which Peter Mark Roget created Roget’s Thesaurus, and Isabel Roget was a student at Roedean.
  • The Dempster family, of which Edith Pretty oversaw the excavation of the Anglo-Saxon ship burial at Sutton Hoo, a major discovery in British archaeology.

The ORs then moved on to the art studio, where one alumna admired her mother’s artwork — a panel of painted tiles — from 1935. These tiles have survived nearly 100 years and now need some restoration so they can last another 100.

The ORA plans to host more tours soon. All ORs are welcome to join these tours to learn about Roedean School’s historic artefacts and how the ORA will preserve them for all Roedeanians to enjoy. ORs may also donate to these projects.

Afternoon Tea and Netball Event

Another ORA event saw alumnae who left Roedean between 1951 and 2022 enjoy the annual OR Afternoon Tea at the Oriental Club in London. As a member of the Oriental Club’s OC7 scheme, the ORA has a reduced membership at the clubhouse off Oxford Street.

Around 20 alumnae — spanning 70 years of Roedean history — gathered for the afternoon tea, which included finger sandwiches, pastries, scones, prosecco, and tea.

The alumnae discussed which teachers worked at Roedean during their school years. Many were surprised at how long some teaching staff have stayed at the girls’ boarding school. Two of the ORs also discussed the possibility of their daughters joining Roedean.

The next day, alumnae joined current students at Roedean for a netball match. The leavers team included players who left Roedean between 2016 and 2021. Although they had never played together before, they worked efficiently and won the match with a final score of 26-11. Current and past students cheered the teams on while the PE staff umpired.

Alumnae Sports

The alumnae vs students netball match is one of many matches that ORs get involved in. Aside from competing in this annual netball match, alumnae can stay involved in Roedean sports by competing or partaking in the:

  • Annual ORs vs The School hockey match at Roedean.
  • Annual event for OR tennis players at the Roehampton Club, London. Players of all abilities and ages are welcome.
  • Annual OR Golf Day. Golfers of all ages and abilities can attend this event at Windlesham Golf Club, Surrey.
  • Silver Tassie, a women’s golf competition for alumnae of independent schools that are members of the Independent Schools Council. Roedean is one of the founding teams that launched the competition in 1961. The competition takes place at Berkshire Golf Club.
  • Arrow Trophy Regatta. Sailors of any ability can join this team, which comprises alumnae from five continents who attended Roedean in four different decades. This team has taken part in the Arrow Trophy Regatta for five years. Alumni teams from 27 independent schools race against each other in the annual sailing event, which takes place in Cowes, the Isle of Wight.
  • Women’s Open Keelboat Championships (WOKC). This is a new event for ORs who enjoy sailing.

Further Support for Roedean School’s Legacy and Future

Aside from the ORA, the Roedean Parents’ Guild also promotes the School community and raises funds that support its legacy and future. The Guild’s efforts benefit students and local and global charities.

Parents and staff make up the Roedean Parents’ Guild. Key staff in Roedean School’s senior team include Headteacher Niamh Green and, until recently, Head of School Talia Keller. Niamh Green oversees nearly 400 staff members and over 700 students.

Learn more about the Old Roedeanians’ Association.

Edgar Paltzer: Best Practices for Succession Planning

By
Claire James
-

Edgar Paltzer is a Switzerland-based attorney-at-law who advises clients on the legal aspects of wealth structuring. This article will provide an overview of some of the main benefits of succession planning, outlining its importance in terms of safeguarding the future of any enterprise.

The first step in successful succession planning is to identify the most appropriate person to take over the leadership role of a business. In many instances, businesses look to their existing workforce, recruiting internally, although this may not necessarily be the case.

Succession planning enhances leadership continuity, with the departing CEO typically involved in the transition process and able to help select a permanent replacement rather than a temporary CEO, ensuring a smooth transition of responsibilities.

News of a CEO stepping down can have a negative impact on shareholder value as the market reacts to the uncertainty. Nevertheless, research suggests that immediately following the announcement, and for the first year of the new CEO’s tenure, companies with a succession plan in place typically see less stock return volatility than companies that don’t have one.

Companies with solid succession planning in place also link management turnover decisions with performance more effectively. Succession planning increases performance-turnover sensitivity, i.e. the link between the CEO’s performance and termination decisions. A company with a formal succession plan in place is likely to be less hesitant to dismiss a CEO who is performing poorly. At the same time, succession planning also reduces the risk of a CEO being let go for reasons that are beyond their control, for example an industrywide or economywide downturn that is beyond the CEO’s influence.

Succession planning requires business leaders to start with the end in mind, taking the time to clearly understand what they are looking for in terms of roles to be filled, requirements for those roles and what drives success at their company. They need to identify the key skills and competencies required to fill these specific roles, ensuring they are as inclusive as possible throughout the interview process to engage with the strongest incumbents.

Succession planning has numerous advantages, chief among them reducing post-turnover costs and aligning the new CEO’s and shareholders’ interests. Succession planning can also help businesses to make decisions related to newly-hired CEOs that are in line with the best interests of shareholders. For example, research shows that a company with comprehensive succession planning in place is less likely to pay a new CEO too much, instead achieving success by linking their performance to results.

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