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Issue 05 CONTACT: 06 09 10 18 28 HM MAGAZINE - ISSUE 05 - CHESTER | LIVERPOOL | WIRRAL | NORTH WALES WALES - ISSUE 05 CHESTER | LIVERPOOL WIRRAL NORTH HM MAGAZINE T: 01244 318131 Are Trends Electric? IP: Are You an Ostrich 7 Stages of Make Way for Why Millennials E: [email protected] or a Peacock? Man(agement) Maverick Thinkers Matter To Business How will new electric innovations Are you sitting on your company’s What does good management A new approach to emerging Is this the Me, Me, Me www.hillyermckeown.co.uk/hm-magazine shape our future? most valuable assets look like? technology generation? From Chester Liverpool Liverpool Gorse Stacks House Exchange Station George Street Tithebarn Street Chester CH1 3EQ Liverpool L2 2QP to L.A. In conversation with Wirral North Wales Sharon Hilditch, MBE No. 1 Hamilton Square Deeside Enterprise Centre Birkenhead Rowleys Drive, Deeside How she’s taking her Wirral CH41 6AU Flintshire CH5 1PP Crystal Clear brand global. CHESTER | LIVERPOOL | WIRRAL | NORTH WALES ContributorsIn this issue Thank you to the following for their contribution: HM Conversation 04 14 Key Stages in Business Growth Conversations with and How to Get Them Right My Younger Self A guide to getting it right first time Ian Wade looks back at the wisdom he’s gained over the decades Design and Art Direction USP06 Creative, Liverpool Are Trends Electric? 16 How will new electric innovations shape Mind the Age Gap Articles Sharonour future? Hilditch, MBE, Crystal Clear How age diverse is your workforce? Ian Wade, Roberts & Wade Restaurants Limited 08 17 GavinReady Sherratt Steady, MashboTake Off The Long & Winding (Financial) Welcome SteveWhen Barber to promote, Bridging and Financewhen to Solutions hire? Road Alternative ways to fund Shirley09 Anne O’Neil, Deepbridge Chester Artsbusiness Fair growth MarkIntellectual Timperley Property, Cheshire (IP) Phoenix Basketball Club his issue of HM Magazine is my first since 18 LesleyAre you Hooks an Ostrich, Lesley Hooks or a Peacock?Estate Agents being appointed as Group Managing Partner. Are you sitting on your company’s most Make Way for Maverick Thinkers Part of my role is to ensure innovation is at the Davidvaluable Roberts assets?, Polyroof Products Limited A new approach to emerging T technology heart of everything we do and that is behind the Angela10 Wood, ETC Tax makeover of the latest HM Magazine. Nikki7 Stages Edge of, Edge Man(agement) Transport 20 What does good management look like? From Liverpool to L.A. Andy Pimbley, Claremont Farm How Sharon Hilditch MBE is taking Inside you’ll find information to help you and Fiona12 Shaw, Wordscapes her Crystal Clear brand global your business succeed, from exploiting your IP to House of Straw or Brick Advice for planning your future 26 embracing emerging technology and retaining Photography USP Creative Time and Technology Waits talent. But you’ll also find something else. The Chester Arts Fair for No-one stories will continue online; so visit the digital The impacts of technology in the David Harper, artist and presenter development of digital banking edition for regular developments. Cheshire Phoenix Basketball Club Steve Barber Your feedback is welcome, especially if you’d like us HM Spotlight to include a particular topic next time. Fiona24 Shaw 28 Biggest Challenge 3 Reasons Why Millennials Matter What’s the biggest challenge facing To Business For now, whatever your next step: Make It Happen. businesses today? Is this the Me, Me, Me generation? HM Magazine is producedHM by Hillyer Life McKeown LLP. Information is correct at the time of printing © Hillyer McKeown 2018. 22 32 Chester is Leading the Way Cheshire Phoenix Lindsey Kidd, The 7th Fair featuring leading UK and What the club did to rise from international artists the ashes Hillyer McKeown Group Managing Partner 31 4 Great Venues for Doing Business Eat, meet and drink 2 1018 3 HM Conversation HM Conversation Getting it right first time Hiring your first employee Leasing commercial property HM Magazine Once you are ready to hire your first employee, Take professional advice before signing off on take steps to ensure you stay on the right side a set of heads of terms. The small print is crucial of the law. First, remember that you are growing to make sure you are protected and not at a (potentially doubling your workforce if you are tactical disadvantage down the line. For example, working on your own) and about to become an the options offered by a fixed date break clause employer. Regulatory steps include registering compared to a rolling break clause. The former with HMRC and getting up to speed with may offer limited options when transferring Looks at Key Stages legislation on hiring and firing. There is a wealth premises as a new landlord may take advantage of information available at: gov.uk/employing-staff. of your limited timeframe to move. The latter can Also consider speaking to an employment law offer you protection and the flexibility to move expert if you have any questions specific to within an agreed time frame. your business. It will be a good investment in the long term. HM has helped manufacturing companies in particular to negotiate a good deal on new in Business Growth Of course hiring works both ways. Make sure it is premises. When you are ready to expand into clear about how the new role fits into your business, larger premises, you can give notice to move at what changes the new responsibility will bring any point and work to a deadline which suits you. and what you expect from your first employee; Some people choose to negotiate terms expanding your business is also a great opportunity themselves which is fine as long as there is an to share your ambitions with someone else. understanding that once these are signed off, and How to Get Justine Watkinson - Head of Employment Law it is difficult to go back a step and renegotiate. Caroline Jones - Head of Commercial Property Planning to sell your business If you are seeking to exit your business take Handling disputes professional advice as early as you can, before Considering terminating a contract? Stop! Small looking for a buyer and beginning marketing. If the print in commercial contracts, including standard necessary steps are not taken to get the business terms and conditions you may not have digested Them Right. ‘oven ready’, then the price could be adversely fully, frequently trips up business owners. If you affected. Well prepared succession planning terminate a contract in breach of its terms, you takes at least a year and will maximise your return. could find yourself in a time consuming and Preparation includes a legal audit, and making expensive dispute which could lead to lengthy sure compliance and due diligence are covered. litigation. Always seek legal advice first. Spending Contracts should be watertight for employees an hour with a lawyer is an investment in your and suppliers, leases, policies and maintenance business which could save tens of thousands of agreements etc. pounds of legal costs later on. An even better investment is to seek legal advice about contract We advise clients that planning can never start terms, including termination provisions, before early enough; by doing so there will be no entering into new contracts. An experienced ‘skeletons’ to uncover to reduce the sale value of lawyer can help you negotiate favourable terms, or the business, costs can be managed over a longer ensure that your own standard terms apply, ‘future period and be more tax efficient. proofing’ your business for years ahead. Anne Scheland - Head of Corporate Law Fiona Blakeborough - Head of Commercial Litigation If you would like to ask one of our specialists about any of these topics, please email [email protected] 4 5 HM Conversation HM Conversation ARE TRENDS ELECTRIC? By Fiona Shaw How will new electric innovations shape our future? As more manufacturers bring out “It’s perfect for local deliveries, but I’m wary of Use of increasingly-efficient electricity sources – running out of juice,” agrees Andy. “I wouldn’t feel from low energy LED lights to micro-grow food in electric models, the buzz around electric confident taking it outside Merseyside – you can see our cities, or hyperloop’s magnetic levitation and cars is growing. The government / how quickly it drains on the motorway doing 60mph. electric propulsion for high-speed travel – will change I’ve looked online at charging points, but you have our approach to the way we live and work. Energy – automotive partnership Go Ultra Low’s to register; it’s confusing. You can’t just pop to a and how we produce and store it – will be the fuel of garage and plug in, and even the quickest recharge future innovation. calculator showing that 100% electric takes half an hour. But for local trips, or the school cars cost on average 3p per mile to run run, it’s win-win.” As prices rise, reducing consumption and costs are key to planning. But buyer beware, businesses. If – compared to 9p for a diesel, or 12p for Nikki Edge, a director of family logistics company, you’re buying a new car, or planning a new fleet, petrol – makes electric look enticing. Edge Transport based in Deeside comments, “I local looks good for electrics, while long distance drive a Nissan Leaf 2.0 so already appreciate the looks like a longer term challenge. significant benefits of electric vehicles and can envisage a time in the not so distant future where Andy Pimbley is a director of Wirral’s we no longer use diesel heavy goods vehicles. Claremont Farm, and drives a Nissan “We have trialed alternative fuel vehicles and Fiona Shaw is E-NV200 van.