Welcome to Straight Talk, a weekly blog on the subject of business in its widest sense written by David Callam.
David is a freelance journalist,
copywriter and general wordsmith, director of CallaMedia Ltd, an
editorial services consultancy.
A new posting appears here every Monday morning
To find out what David could do for your
business please see the other pages on this website.
Straight Talk 19/08 - Monday, May 12, 2008.
CAR parking is a major aspect of any economy - particularly
one that is heavily reliant on retail as a provider of jobs. So any increase in charges is sensitive, especially at the
moment when shoppers are turning in their droves to the internet as a source of
cheaper goods.
In my hometown of Croydon in south London the previous
administration sold a number of centrally-sited car parks – the new owner has
announced yet another increase; the third in two years.
The present council has tried to make representations, but
the owner – a national company – has chosen to ignore its telephone calls asking
for a meeting.
So the council has taken to wringing its hands instead and
blaming its political opponents for the present unsatisfactory state of
affairs.
To me that seems like a wasted opportunity. The electorate
already knows the shortcomings of the previous administration – that's why voters
ousted it at the last election.
What can the present bunch do? Well, quite a lot, if it is prepared
to stop political grandstanding and roll up its sleeves.
In the short term, the council could grant temporary
planning permission to owners of development land in the town centre to use as
car parking, providing they agreed to limit their charges – that would increase
the competition, which should force higher charges down.
In the longer term, the council could co-operate with Transport
for London and town-centre retailers to create a state-of-the-art park-and-ride initiative based
around Croydon's first-class train and tram services.
Since there is no chance of expanding the borough’s already
overcrowded road network, park-and-ride will become a necessity sooner or later
- many would say it is already essential and some would even argue that Croydon
is a prime candidate for congestion charging.
The council might reasonably want to replace the
town centre’s more inadequate car parks – for example, it might suggest that a 2,000-space car
park planned for the roof of the new Park Place shopping development is a replacement for the Allders and Whitgift car parks.
Adding permanent parking capacity in central Croydon is likely
to meet stiff opposition from the GLA, even allowing for the recent change of
incumbent at City Hall.
ENDS
Straight Talk 18/2008 - Monday, May 5, 2008.
YOU are a quango looking for a sub-contractor to tick a list
of boxes on a lucrative government contract.
You need to put bums on seats for a series of workshops on international
trade.
But you are mindful that your paymasters require you to meet
certain social quotas in terms of age, gender, ethnicity, marital status and physical
ability - so you write them into a three-page invitation to quote.
However, there is no requirement that the people your
sub-contractor gathers from the highways and byways have the slightest interest
in overseas trade – so you don't mention it.
Does this sound like a script outline for 'Yes Minister'? Sadly
it’s a fact, and I have a copy of a recent ‘invitation to quote’ to prove it.
Overseas trade is an aspect of business in which I have a particular
interest. I have crossed continents with trade visits as both an observer and a
participant and I know they offer huge potential for smaller and newer firms –
indeed, I can quote examples.
And I believe south London has the expertise to deliver
first-class support to those who are prepared to take the plunge – again, I can
quote examples.
I can also assure you that political correctness and bureaucratic
box-ticking have no part to play in the success of international business.
In my experience the people who sign up for trade visits
come quite naturally in similar numbers from both genders and in a wide variety
of ages and ethnic origins. Some are single parents and others probably have
disabilities
Indeed, it is one of the delights of international trade visits
that you can learn so much about other ways of life – not only from the places
you visit, but also from your fellow travellers.
There are just two qualifications you need for international
trade: *
a product or service for which there is an
overseas market; and *
an interest in visiting that market in order to
test it.
Government apparatchiks need ask only three questions of
potential exporters: Do you have a viable business? Where in the world do you want to take it? And why?
ENDS
Straight Talk 17/2008 - Monday, April 28, 2008.
ANGELINA PURCELL leaves Croydon Business this week – which is
good for enterprise, but not for my hometown.
Once free of the administrative and political restrictions that
surround Croydon Council and its dependant organisations she will again be able
to offer the quality of business support that won her such a well-deserved MBE.
When I first met Angelina she was doing a superb job, encouraging
Croydon’s less obvious entrepreneurs to set up their own businesses – she was enthusiastic
about her work, with an intensely practical approach to it that singled her out
as a ‘doer’ rather than a talker.
She was equally outstanding as a member of Croydon Council’s
economic and strategic development unit, where she pioneered overseas trade
missions; first to the Caribbean and later to eastern Europe and South Africa.
It was no surprise when she changed employers to run the
borough’s chamber of commerce and equally predictable that she should be chosen
as the person most likely to revive the fortunes of the lacklustre Croydon
Marketing and Development under a new guise as Croydon Business.
She was well rewarded for her work, but she was bound hand
and foot by a local authority – elected members and officers alike – with a
long-standing penchant for control.
She was instrumental in Croydon’s success in the Local
Enterprise Growth Initiative (LEGI) – galvanising essential private sector
support for the borough’s bid. But she was bitterly disappointed by the way the
council implemented the process and how little influence she and the private
sector had in subsequent decision-making.
Now I’m told she is taking up the challenge of establishing
a chamber of commerce in Lambeth – a daunting but necessary task in which her
understanding of the needs of smaller firms will stand her and her new employer
in good stead.
Her departure from Croydon is a loss to the economic
development of a borough that has many advantages – not least £70m of
government LEGI money – but has so far failed to make best use of them.
Croydon needs people like Angelina with get-up-and-go if it
is ever to fulfil its full economic potential, but as long as its establishment
continues to smother their initiative, they will follow her lead and go
somewhere else.
ENDS
Straight Talk 16/2008 - Monday, April 21 2008.
RETAIL sales are going
through the roof: but not in the high street.
Figures released
by the Interactive Media in Retail Group (IMRG) today, reveal that Internet retail sales for the first quarter of 2008
passed the £13bn mark for the first time – a 50 per cent increase on the same
period last year.
And that’s not good news for
high streets across the country, particularly those – like my hometown of
Croydon in Greater London – that are trying to promote large-scale retail
development.
The John Lewis Partnership, a
store Croydon still hopes to attract into town, says internet trade remained
strong throughout March, despite tougher trading conditions in the market at
large.
IMRG says it has seen this
trend before – when the going gets tough, shoppers go online – so it confidently
predicts that e-retailing will buck the trend and continue to grow strongly
during the year ahead.
Against this background it is
hardly surprising that Croydon has increased numbers of empty retail units in
its two existing shopping malls and no progress to report on the one it wants
to develop.
The surprise is that there
has been no public discussion of plan B – assuming one exists. Croydon Council
seems more concerned about presenting itself as London’s third city; a diversion
that will not, of itself, bring a single extra penny of inward investment or
one new private-sector job into the borough.
Croydon needs to be ahead of
the game rather than always bringing up the rear. There are three major sites
in the town centre that remain in need of development.
Schemes involving offices are
less attractive now as there is about to be lots of grade A space available in
The City at bargain prices.
And high street retail faces
ever-growing competition from the internet, making a shop in the town centre an
expensive alternative – even in the good times – to a well-designed website and
a warehouse on the bypass.
Croydon’s existing
aspirations are decades out-of-date, despite tinkering by the likes of Will
Alsop. Perhaps the present economic downturn is the impetus the town needs for
a fundamental change – the council’s new chief executive could do worse than
open and lead a wide-ranging discussion on the subject.
ENDS
Straight Talk 15/2008 - Monday, April 14, 2008.
A FARMER with an eye for business is a rare breed. But I came
across one recently, developing a new enterprise in the wilds of Kent.
Thanet Earth is turning a large tract of ‘the garden of
England’ into a giant farming operation, with seven arena-sized glasshouses
designed to meet the increasing demand of shoppers for fresh Mediterranean vegetables
all year round.
The company knows the demand exists, it says, because it carried
out a series of market research studies: it also knows it needs to supply vegetables
in bulk because those same studies confirm that most of us buy our supplies
from supermarkets.
Once the company is fully operational it will employ 500
people – a significant number in any local economy, but an agricultural
revolution for rural Kent.
The company impresses me, in part because it has adopted
such a business-like approach to its initiative.
It also impresses me because it is such a positive contrast
to the collection of world-class whingers featured on Farming Today, Radio 4’s procession
of the demotivated and over-subsidised.
Their complaints fall into three broad categories: we need
more government money; health and welfare regulations are too strictly enforced;
and supermarkets are conspiring to deprive us of our living.
I know nothing of agriculture: as a rambler I see farms as open-air
factories from which farmers do their best to exclude me, despite my having
made a substantial contribution to their livelihood. But I can’t imagine how huge reliance on public money and an
antediluvian approach to business can possibly encourage innovation.
I’m in
favour of lifestyle businesses – I run one – but they must be truly commercial and
therefore capable of standing on their own feet financially.
Would it seriously matter if Britain withdrew farming subsidies,
as New Zealand did some decades ago? It would certainly lead to consolidation
of agriculture into bulk suppliers and those smaller ones that cultivated niche
markets.
And it would mean that those who couldn’t find a market
would go out of business.
You may think that’s merely the way things work in the real
world of commerce – I suspect you would have great difficulty convincing many farmers
of that.
ENDS
Straight Talk 14/2008 - Monday, April 7, 2008.
THE TRAM is something that makes my home town unique.
Croydon is the only district in London to be served
by light-rail, which the capital otherwise prematurely pensioned off in the
early 1950s.
Now this reliable and popular service is to be fully
integrated into London’s public transport system, which could be a good move,
if it’s done properly.
The people of Croydon conceived the tram network at a time
when there was no regional government in Greater London and each of the 32
boroughs was expected to fend for itself.
So Croydon Council championed the tram for Croydon people and
introduced it, despite the misgivings of other transport operators,
particularly bus companies.
There have been occasional spats ever since, with Transport
for London and the bus operators hurling the odd brickbat at Croydon’s semi-autonomous
tram company.
London’s mayor makes no secret of his affection for buses –
he never ceases to praise them for the improved service they offer.
As a regular bus traveller I have searched in vain for these
improvements. I can only conclude they must be statistical.
And I am concerned that the improvements now being promised
as part of tram integration will be equally statistical.
Transport for London is a traditional public service operator
– it puts the convenience of its trade unions before that of its passengers.
It seems to believe it can solve the capital’s public
transport problems with buses alone, despite the fact that they share the same
crowded roads as other traffic and are therefore subject to the same delays.
It rejects the idea of a multi-modal approach that would see
buses used in outer suburban areas to ferry passengers to trams running
parallel to major roads.
The trams would offer interchange with park and ride
facilities and with suburban and national rail networks.
The biggest single improvement wanted by most Croydon tram
travellers is an extension to the existing network, so they can travel further
on it.
A link with a proposed new tram line from Streatham to the
West End seems an obvious example, but at the time of writing Transport for
London is not in favour.
ENDS
Straight Talk 13/08 - Monday, March 31 2008.
POLITICS is certainly a career: is it also a business? If
so, is it keeping its customers, the electorate, satisfied?
I see it as a service industry, but because it is also a self-regulated
monopoly – you can vote for a different party, but not an alternative system – it
has a responsibility to impose rigorous checks and balances.
Politicians in Britain are constantly complaining about a lack of public
interest in what they do. Are they really surprised? If so they must be more
cocooned in the Westminster bubble than many of us suspect.
In the brief glimpse of their rituals that most of us see on
television they are little more than a baying mob – is this any way to conduct
the business of government?
They cling on to elaborate rules of language and dress that the
rest of us have long since consigned to history and they wonder why we laugh at
them.
They insist on responding to bells and trouping through
lobbies to vote, eschewing the pager or the mobile phone that would allow them
to register their opinion, or that of their party, at a distance. They buy and furnish second homes at the tax-payers’ expense
and they employ relatives to do non-existent jobs.
If politicians want us to take them seriously they will have
to earn our respect by introducing root and branch reform of their own working
practices.
Any MP whose constituents commute daily to work should do so
himself, at his own expense, so he can truly represent their frustration and
press for a better service.
Those whose constituencies are beyond daily commuting should
have the use of a modest furnished flat in suburban London – the kind of
accommodation they would probably choose if they had to pay for it themselves.
MPs should be employed and paid as civil servants, receiving
the same salary increases they award to others: their secretarial support staff,
family or otherwise, should be employed and graded in the same way.
I agree with Winston Churchill that democracy is the least
worst form of government: that does not preclude it from being run in a
cost-effective way that makes best use of 21st century business practice.
ENDS
Straight Talk 12/08 - Monday, March 24, 2008.
THE EUROPEAN Union is the common market in which most of us will ultimately
do business.
Within the working lifetime of today’s students it will be
as unremarkable to buy and sell in another state as it is to do so now in a
neighbouring town.
A combination of cross-border takeovers and the
rationalisation of regulations make pan-European trading easier by the year.
I was reminded of this wholly desirable development a couple
of weeks ago by the staff and students of Titus College in Arnhem who came on
one of their regular visits to my home town of Croydon in south London.
On this occasion, I agreed to field a question and answer
session with the Dutch students.
I knew they would be asking about my job, the
town, London or the United Kingdom.
But I didn’t have advance knowledge of the individual
questions – it seemed to me that the session would be more spontaneous that
way.
In fact, many of the students wanted to ask about journalism
and some of the questions were very searching – I found it an enriching
experience.
The self-confidence of these young people was inspiring –
here they were on foreign soil conducting an in-depth discussion superbly well in
a language other than their own.
I fear that our own students of the same age would not do as
well.
And yet, if they are to compete in the world of work with their Dutch
counterparts, or those from any other European state, they will need the same
degree of self-confidence.
The present generation of British teachers must embrace the
prospect positively if they are to guide tomorrow’s workforce in the right
direction.
Britain may have lost an empire, but not the attitudes that
go with it. Because English is a universal language we expect others to speak
it – we also expect them to adapt their customs and practices to suit ours.
We are mistaken in those outdated notions and we will lose
significant amounts of business unless we face up to reality – I will believe
we have started to do so when I see a group of Croydon students going to Arnhem
to ask questions in Dutch.
ENDS
Straight Talk 11/08 - Monday, March 17, 2008.
DEVELOP a new product or service and sell it overseas – that’s
the demand being made of businesses in today’s global market.
And in many cases the businesses themselves are new to the
home market, let alone the international one. But this raising of the barrier is the price we pay for free
trade and while it’s tough, it is surely better than the alternative.
There is a temptation, in economically troubled times, to
retreat behind trade barriers and let the rest of the world go by.
The problem is that the rest of the world retaliates – we impose
sanctions: it does the same. The result is decades of lost opportunity for everyone.
We have everything to gain from free trade and nothing to
lose, even in the short term. If someone overseas can make a product or provide
a service more cheaply, our response must be to innovate.
Motor manufacturing and electronics are sectors where it
took a long time and a great deal of unnecessary pain to learn that lesson.
Today our successful motor manufacturers make niche products
of high quality with the most advanced technical specifications using imported production
techniques.
Our electronics firms do the same. One Dutch company that
once made televisions in south London still designs them in Europe, but builds
them under licence in the Far East.
Small firms must follow suit. The days have gone when you
developed a domestic market first and then looked further afield. Every business is a potential international
trader – some seize the opportunity faster than others.
There are many compelling economic reasons for selling
overseas, but as a number of seasoned exporters will tell you: ‘it’s fun too’. And we have an abundance of expertise in innovation and
international trading in south London – friendly people ready to help – so why hesitate?
Croydon Chamber of Commerce and UK Trade & Investment are running a
free afternoon of seminars on selling bright ideas abroad on Monday, March 31
in central Croydon. For details call the chamber’s events team on 020 8916
2345.
Straight Talk 10/08 - Monday, March 10, 2008.
CLOSE and be damned – the British Post Office is an
anachronism and the quicker we stop wasting tax-payers money on it, the better. But we are awash with sentimental nonsense about Post
Offices being the heart and soul of their respective communities.
As a nation can we really be serious about this? How can anyone
possibly become dewy-eyed about queuing up to buy stamps or send a parcel?
Are some people’s lives really so dull that a visit to the
Post Office offers them a social lifeline? If so, we certainly need to do something about community
development, but not by continuing to subsidise what is supposed to be a
commercial enterprise.
In truth, even the government has been taking work away from
Post Offices because it can find less-expensive ways of doing it.
Now Essex County Council wants to take on the subsidy that government
has at last had the courage to withdraw – there’s another reason for not living
in Essex. I can’t think of a transaction done in a Post Office that couldn’t
be carried out as easily in a bank, a supermarket or on line. I don’t remember
the last time I went into a Post Office; I suspect there are millions like me –
and that’s the problem.
It’s beguiling to see the issue through a nostalgic haze as
part of a golden past that never actually existed. The Post Office belongs to a
time when few of us had bank accounts, let alone debit cards or the Internet; so
postal orders, giro cheques and benefit books were important.
The Post Office had an unquestioned monopoly of all official
means of payment and we had no choice but to queue – I don’t remember thinking
of it as a socially defining experience. Retirement pensions were a mainstay of the network, but the
steady stream of cash-encumbered elderly became easy pickings for any toe-rag
who considered it cool to grab a granny’s purse.
Before local authorities go squandering tax-payers’ money on
yesterday’s ways of doing things they should remember why Post Offices find
themselves in difficulty – the lack of a discernible market. Most of their former customers have moved on –they should
now do the same.
ENDS
Straight Talk 09/08 - Monday, March 3, 2008.
THE
IDENTITY of the next president of the United States has become an obsession for
the British media. And yet those same journalists devote little or no time to
the creation of a presidency for the European Union.
That
seems perverse to me, when our experience of the World Trade Organisation suggests
that a united Europe can exert a strong influence on the United States – far stronger
than any single European state regardless of its perceived special
relationship.
We
Europeans have no influence over the American presidency, but we do over the
one in Europe, even if we are not yet being asked to vote directly for a
president.
Of
course the battle between the Clinton and Obama camps for the Democratic Party
nomination is fascinating.
But neither of them – nor John McCain, if he becomes
the Republican Party candidate – would be better or worse for Europeans.
The
future President of the United States will rightly look first and always to the
interests of his or her fellow Americans.
History
suggests that a strong European president – one with the support of all 27
states of the union – might have had more influence over United States strategy
in Afghanistan or Iraq than a supine Tony Blair.
And
that might have saved the lives of gallant British service people, as well as
leaving us with more money to spend at a time of economic difficulty; and more
overseas friends with whom to do business.
The
American people must judge the actions of their current president and his
political supporters – by all accounts they intend to do so unequivocally later
this year.
We
need to concentrating on finding an equal and independent voice in international
affairs – political or commercial – and we can best do that by being first
among equals in the world's largest trading bloc.
ENDS
Straight Talk 08/08 - Monday, February 25, 2008.
CONGESTION is the enemy of commerce. Clogged roads mean deliveries take longer and as time is money, that’s expensive.
Parking restrictions are the obvious answer, but when they are applied in a cavalier way they can damage the businesses they are intended to protect.
As a non-driver I have no sympathy with people who take a vehicle into a crowded town or city centre without good reason. Public transport may not be perfect, but it is usually quicker and always less selfish than wasting limited road space for the convenience of one person and the inconvenience of everyone else.
But we need to make proper provision for those who must use the capital’s inadequate road network for business.
Consider the plight of a contact of mine whose business is supplying pre-prepared food for West End restaurants. He has a production kitchen in south London where he employs a team to pick frozen foods or wash, slice and dice vegetables.
His work saves his customers staff time and, more crucially, space in an area where both are at a premium. But he is being increasingly harried by private-sector contractors who enforce parking restrictions on behalf of the local authorities.
He tells horror stories about improperly served notices that are allowed to accrue additional costs of many times their face value and one particular tale of being ticketed in Soho’s Greek Street by ‘someone from the bottom of the gene pool’ while he waited in standing traffic.
He says there are many streets where there are no loading bays within a reasonable distance of his customers’ premises, forcing his drivers to risk a ticket. But he has been brought to boiling point by a recent series of incidents that have resulted in one of his most valued drivers resigning.
He believes the time is long overdue for local authorities to compel their contractors to distinguish between those who are driving in central London for their own selfish reasons and those who are doing so as an essential part of their business.
I wonder what our London mayoral candidates think?
ENDS
Straight Talk 07/08 - Monday, February 18, 2008.
ENTERTAINMENT is a business – show business – and sometimes very
lucrative.
Just ask Lord Lloyd-Webber and friends why they are smiling
all the way from the stage door to the bank. But like any other business an
artistic one needs to follow the stricture of Simon and Garfunkel and ‘Keep the
Customer Satisfied’.
So what’s all the fuss about the loss of grants from Britain’s
Arts Council? A company that is properly
focused on its customers (it’s not a dirty word) will replace the income with
money from other sources.
Let me cite the example of the London Mozart Players, based –
despite its name – in perpetually unfashionable downtown Croydon.
This is a chamber orchestra of considerable talent that
enjoys, or has enjoyed, the patronage of major international businesses –
Nestle is perhaps the best known.
The last of its concerts that I attended – and thoroughly enjoyed
– was sponsored by HSBC bank and featured the world-renown musical skills of
flautist Sir James Galway. He had some kind things to say about the band on
stage and he was equally complimentary when he visited the bank’s guests during
the interval.
It is surely ludicrous to suggest that such a well-connected
and esteemed group of musicians can’t replace a grant of £160,000 a year once
they put their minds to it.
In essence, it will be more important than ever to follow
the Simon and Garfunkel stricture – like any other successful performance, it’s
all about bums on seats.
But the LMP has a loyal following who will happily act
as a focus group, allowing it to weave less well-known material into its repertoire
without losing ticket sales.
There is transitional funding on offer from the Arts Council,
which the band should take – but for six months rather than a year.
It should
use that time to shake the quango’s dust from its patent leather shoes and accept
the added challenges that being a fully commercial operation will undoubtedly
bring.
I suspect the LMP’s new status will enliven its performances
even further, which can only serve to widen its appeal – and just think of all
those mind-numbing government forms it will no longer need to complete.
ENDS
Straight Talk 06/08 - Monday, February 11, 2008.
HEATHROW was the subject of a survey that dropped into my
inbox last week.
But the short questionnaire was just a box-ticking exercise that didn’t begin to
address the matter of whether south Londoners should put yet more eggs into a
west London basket.
According to BAA, the company that manages the airport, we now
need a third runway at Heathrow if we are to keep pace with the Dutch and the
French.
Would that be instead of or in addition to the proposed
extra runways at Gatwick and Stansted?
The BAA Heathrow website promises continuing construction
until at least 2012 – completion of Terminal Five will be followed by a tart up
for Terminal One, substantial refurbishment of Terminal Four and then demolition
of Terminals One and Two to make way for Heathrow East.
At that point, sometime in 2013, the company will consider AirTrack,
a rail link between the airport and Waterloo. So, allowing for construction of the rail link, those of us who travel to Heathrow from south London by public transport will have to endure the present truly dreadful
connections for at least another seven years.
By contrast, we already have a fast rail connection to
Gatwick – just 35 minutes from Victoria, 30 from Clapham Junction or 20 from
East Croydon.
I have travelled on intercontinental flights from both
airports and Gatwick is infinitely superior, both in terms of the travelling to
and from the airport and the quality of service while you’re there.
I’m in favour of introducing the necessary market mechanisms
to divide London’s air traffic more or less equally between its three major
airports – that would include breaking up the BAA monopoly.
The three-site solution is better for most of us than adding ever
more capacity at Heathrow and I expect government ministers to face up to the
comparatively small number of vociferous individuals and vested interests that will
inevitably oppose it.
Meanwhile, government can reduce growing demand for
short-haul flights by looking at ways to speed up inter-city trains – making
tracks for the new 330kph AGV from French manufacturer Alsthom would encourage more
of us to travel further into Europe, or to Scotland, by rail.
ENDS
Straight Talk 05/08 - Monday, February 4, 2008.
THE FOREIGN exchange market in London is a truly awesome
operation; the largest of its kind in the world and one on which we are all
dependant to some extent.
But I was staggered to learn from an experienced trader that
over 98 per cent of the $US25 trillion that moves across the London market
every day (more than £200,000 each for every man woman and child in Britain)
has nothing to do with businesses needing currency for international deals.
It is speculation by major banks and others, which
contributes substantially to their eye-watering annual profits: in this case, the
others include insurance companies that use the money they make to boost the
performance of pension funds.
However, there are more immediate ways in which the market
affects those of us who are not directly involved with it: supermarkets buy on
credit – at least 30 days – and sell in cash, so they speculate in the interim.
The additional profit they make helps them to compete as vigorously as they do
on the retail prices they charge. Without the money markets we would all be
paying more for our groceries.
And yet, the whole foreign exchange market is in a permanent
state of flux: it moves from second to second, 24 hours a day, six days a week.
It is influenced by events around the globe over which nobody has much control, without any one trader – no matter how affluent – being able to
dominate it for more than a few hours.
Maybe I’m being naive, but I find it disconcerting that both
my short-term and long-term financial well-being and that of my family are
substantially dependent on a monetary mechanism that runs on little more than traders’
reactions to situations they don’t fully understand.
So what can I do about it? Nothing, just cross my
fingers,whistle and get on with my life.
ENDS
Straight Talk 04/08 - Monday, January 28, 2008.
INWARD INVESTMENT is a vital ingredient of any dynamic
economy.
So it comes as a disappointment to learn that my home
town of Croydon in Greater London has only managed to attract three substantive
businesses in the past nine months. I assume the council has not been spending
much on this aspect of its work, since it is fairly strapped for cash. And the poor
result would also suggest that it lacks the necessary expertise.
In Greater London inward investment should be handled at
sub-regional level. The idea of 32 boroughs vying with each other in this
endeavour is silly – they will cause such confusion that nobody outside the capital,
and very few people within it, will have the slightest idea who is offering
what to whom.
But the borough councils still have an important role to
play in two respects. Firstly, they need to set and maintain a far higher
standard of welcome for visitors to their towns – through such things as improved
cleanliness and helpful sign-posting.
Last year, when I visited the diminutive
city of Gagny in the suburbs of Paris, I was delighted by the show of civic
pride demonstrated by clean streets and colourful arrangements of flowers
festooned at every lamppost and road junction.
Sadly most of south London’s town centres look anything
but loved – and in the case of boroughs like Croydon there is no financial
excuse. The council collects a levy of £1m a year from larger companies in the
central area for precisely this purpose as part of a Whitehall initiative called Business Improvement
Districts (BIDs).
Secondly, borough councils need to monitor inward
investment performance at sub-regional level and, if it doesn’t reach the required
standard, they need to make the strongest representations at the highest levels
of central government.
South London has a stronger story to tell – especially to
an overseas audience – than any of its 12 individual boroughs. They will all
benefit more from a collective approach than from trying to do it themselves
and in the process undermining each other.
ENDS
Straight Talk 03/08 - Monday, January 21, 2008.
I’M BOTHERED about a
predicted slump in Britain’s commercial property market.
Not that I have any
personal investment in offices and shops, but I am concerned that plummeting prices
could wreak havoc in my home town – Croydon, Greater London. According to CB
Richard Ellis, the world’s biggest property consultant, the country’s commercial
market is facing its worst year since it crashed in the early 1990s.
Forecasters predict
that values will drop by ten per cent in 2008, compounding the free-fall that
has taken place in the wake of last summer’s credit crunch. Against that
background Croydon is still trying to close deals that are crucial to the
development of three major sites in the town centre.
There are proposals
for an arena or an urban park on one site; and the town’s third shopping mall
on another. A mixed development is
planned for the third site, but coupled with an expensive refurbishment of a
much-loved but anachronistic concert hall and theatre. At the moment,
offices play a major funding role in two of the developments and retail is integral
to the other.
One of the sites has
lain fallow for nearly 50 years; while a second has been largely vacant and a
blight on the town centre for more than a decade. At regular intervals over the past three years we have
been promised an imminent resolution of each site – in fact, nothing tangible
has happened in that time. Now it appears that investors will be more reluctant than
ever to buy into schemes that have progressively less chance of finding
tenants.
Perhaps the town needs a fundamental change of aspiration. Before the office boom of the 1960s central Croydon was predominantly
residential – maybe we should be looking in that direction again. With a series of high quality apartment blocks the town
could be offering directors and senior executives a convenient weekday home
just 20 minutes by fast train from The City or the West End.
Croydon could be the new Wimbledon – and if that sounds presumptuous
to those who know both places, maybe my home town needs to work harder at projecting
a positive image.
ENDS
Straight Talk 02/08 - Monday, January 14, 2008.
HOW delighted I am to see some long-awaited recognition
for a man who so richly deserves it.
I refer to the award of an MBE to Bryan Treherne in the British
New Year’s Honours List. I have known Bryan for a number of years, but I have
gotten to know him better in the past 12 months.
It was about this time last year that I told him I was
going freelance and I asked for his advice about the business aspects of my
decision. Commercially, that proved to be my most astute move so
far – he didn’t weigh me down with reams of well-meaning theory, or direct me
to a useful web-site. Instead he started referring me to people who could help
in the most practical way – by offering me work - and he has gone on doing so
regularly over the past year.
I have been on a series of trade visits with him in 2007,
to Holland, France and Hungary, and I have watched him extend the same level of
courtesy and care to others. He is always the last in a group to go through passport
control – in case someone has a problem – and he is the first to share a
contact in a foreign city, if he thinks that could be helpful.
Bryan has introduced me to a number of people who are now
on my own contact list and those to whom
I have spoken in the past fortnight have been as pleased as I am to see Bryan recognised
in this way.
I’m sure he and his wife Betty will enjoy their day at
Buckingham Palace later in the year and that they will treasure the medal
itself.
But I suspect the greatest reward for Bryan is to know
how highly his friends and colleagues regard him.
There are two kinds of business advisor: those who talk-
and they are ten a penny – and those, like Bryan, who do – and they’re as rare
as hens’ teeth. The people who work with Bryan, me included, are privileged
to have someone of his calibre in our midst.
*For
more details of Bryan’s award and his reaction to it visit the South London
Export Club website at www.slec.biz
ENDS
Straight Talk 01/08 - Monday, January 7, 2008.
A WARM welcome to the first of a weekly series of missives
on a wide variety of business topics.
Some of you will recall my monthly columns in the south
London centred Business News publication, others will even remember those on
the business pages of the Croydon Advertiser.
Since I left the newspaper group at the end of 2006 I
have seen some of my former readers at networking events. A number have been kind enough to say how much they miss
the columns.
And since I miss writing them, it seems reasonable to reintroduce
them, but in a form more suited to the 21st century.
In the past 12 months I have broadened my sphere of
activities substantially, both in terms of the work I do and the area I cover,
so the new column – a weekly blog here on my own website – will reflect that
wider perspective. But I continue to live in the Croydon area, so it is
inevitable that I will draw some examples from my experiences locally.
I will publish a new edition every Monday and I will write
to a wide cross-section of contacts from the Americas and Europe to southern
Africa with an abstract of the text in the hope of whetting appetites.
If you prefer not to receive the newsletter you will
always have the opportunity to unsubscribe. Naturally, I hope you will choose to accept it, maybe to
respond on occasions and even to pass it on to contacts of your own – the more
the merrier.