A weekly Scottish Business Podcast featuring Scotland’s most inspirational entrepreneurs, Sir Tom Hunter and Lord Willie Haughey. They offer insight, advice and chat to Scotland’s leading CEOs, Founders and Entrepreneurs about how they built their businesses. Guests share their insights, challenges, defeats and successes as Hunter and Haughey spread knowledge across the Scottish business community. THE Business Podcast for Scotland - a Scottish Business Podcast, made in Glasgow.
Episodes
Sunday Nov 03, 2024
Sunday Nov 03, 2024
Episode Summary and Highlights
In this episode, Sir Tom and Lord Haughey discuss the impact of recent budget changes on businesses and the economy, particularly in Scotland. They delve into topics such as housing, taxation, and government spending, offering insights and opinions on how these changes might affect entrepreneurs and the broader business landscape.
[00:00:48]
Labour Budget Impact
Willie discusses the financial implications of the Labour budget. Potential benefits for Scotland, including the Barnett Consequential.
[00:01:39]
Entrepreneurs and Wealth Creators
Debate on whether Labour understands the needs of entrepreneurs and businesspeople. Concerns about the lack of encouragement for wealth creators.
[00:02:41]
Corporation Tax and Business Survival
Discussion on the impact of corporation tax on businesses. The potential disincentive to employ and grow businesses.
[00:03:51]
Social Policy and Employment
The importance of decent paid jobs as a social policy. Challenges faced by businesses post-Brexit and COVID-19.
[00:06:30]
Regulation and Business Growth
The need for an anti-regulation minister to fast-track important projects. Examples from the UK and the US on handling business regulations.
[00:08:04]
Government Spending and Accountability
Discussion on government spending inefficiencies and accountability. Examples of wasteful spending and the need for better procurement practices.
[00:10:11]
Business Trust in Labour
How Labour can regain business trust. The importance of engaging with entrepreneurs to understand policy impacts.
[00:11:07]
Positive Economic Outlook for Scotland
The potential benefits of increased funding for Scotland. Discussion on the Barnett Consequential and the impact.
[00:12:07]
Housing Bill and Investment
The SNP’s revised housing bill and its implications for investors. The need for more housing to address rental market issues.
[00:14:27]
Investment in Scotland
The importance of attracting investment to build more homes. Feedback from investors on the current regime and its impact on investment decisions.
[00:16:01]
Sauchiehall Street Development
Updates on the Sauchiehall Street development project. The need for fast-tracking beneficial projects for the city.
[00:16:55]
Hospitality and Leisure Sector Support
Plea for the Scottish Government to support the hospitality and leisure sector. The importance of following the English model for rates relief.
[00:18:27]
Tribute to Bill Munro
Tribute to Bill Munro, founder of Barrhead Travel, who passed away. His contributions to the travel industry and his legacy.
[00:19:04]
Investment in Golf Scotland
Government investment in Golf Scotland and its expected benefits. The leverage of golf tourism for economic growth.
Special Guest: Darren Auld, CEO of ClearSky Logic
Darren Auld, CEO of ClearSky Logic, shares his journey from a small village in West Lothian to leading a successful software delivery company. Darren’s passion for technology began in childhood, where he naturally excelled at problem-solving and tech-related tasks. This early interest led him to study at Napier University and work in customer support at Sky Television.
Darren’s entrepreneurial journey started when he joined a satellite office of an energy company in Edinburgh, where he built a team and developed complex software solutions. In 2018, driven by a desire for control and problem-solving,
Darren co-founded ClearSky Logic. Despite early challenges, including a major client going under, Darren’s resilience and ability to leverage his network helped the company grow. ClearSky Logic specializes in bespoke software solutions, helping businesses streamline processes and improve efficiency.
The company has expanded significantly, now employing around 55 people with offices in Edinburgh and Glasgow. Darren emphasizes the importance of building high-quality, specialised teams and maintaining a strong focus on innovation and client needs.
Throughout the episode, Darren discusses the impact of the COVID-19 pandemic, the importance of resilience, and the value of mentorship and networking in business growth. He also highlights the company’s future, including potential global expansion and maintaining a reputation for excellence in software delivery.
Board You Can’t Afford: Seonaid Daly, Executive Director of Glasgow Film, which includes the Glasgow Film Theatre and the Glasgow Film Festival
Seonaid seeks advice on how to engage with private investors and property developers to support GFT’s growth and expansion plans. She emphasises the importance of finding partners who understand the social and cultural impact of GFT’s work while navigating more commercially focused conversations.
Glasgow Film Theatre (GFT) is a not-for-profit charity and limited company, celebrating its 85th anniversary in 2024. It is known for its diverse film program, showing around 650 films from 50 different countries annually. The theatre is housed in a historic art deco building and is one of the most successful cinemas in the UK in commercial terms.
GFT is celebrating multiple milestones in 2024, including its 85th anniversary, 50 years since GFT was established, and the 20th edition of the Glasgow Film Festival.
The theatre is a significant cultural institution in Glasgow, known for its broad and diverse film offerings and its commitment to community engagement and equality.
Keywords: Labour budget impact, Business and economy in Scotland, Housing and taxation, Government spending inefficiencies, Entrepreneurs and wealth creators, Corporation tax effects, Social policy and employment, Regulation and business growth, Government accountability, Business trust in Labour, Economic outlook for Scotland, SNP housing bill, Investment in Scotland, Sauchiehall Street development, Hospitality and leisure sector support, Tribute to Bill Munro, Investment in Golf Scotland, Darren Auld ClearSky Logic, Bespoke software solutions, Technology and business growth, Glasgow Film Theatre, Glasgow Film Festival, Cultural institutions in Glasgow, Private investment in arts, Community engagement in film, Sir Tom Hunter, Lord Willie Haughey, Scottish Business News.
Sunday Oct 27, 2024
Sunday Oct 27, 2024
Episode Summary and Highlights:
Financial Troubles in Football Clubs
Discussion on the financial struggles of Inverness Caley Thistle and football clubs aiming for the Premier League in general. Mention of the sacking of Duncan Ferguson.
Highlighting the unrealistic financial expectations and the need for clubs to manage their budgets better.
Emphasis on the importance of financial prudence for clubs.
Noting the failure to raise sufficient funds and the challenges faced by provincial clubs.
[00:02:46]
Positive Economic Indicators
Mention of positive news about economic growth predictions by the IMF.
Discussion on the potential impact on the UK economy and small businesses.
Talk about inflation rates and interest rate predictions by Goldman Sachs.
[00:04:46]
BRICS Nations and Global Economics
Discussion on BRICS nations (Brazil, Russia, India, China) forming their own payment clearing service to counter the dollar.Emphasis on the growing influence of BRICS nations in geopolitics.Debate on the likelihood of moving away from the dollar.
[00:09:27]
Budget Speculations and Economic Policies
Speculation on upcoming budget announcements and their impact on businesses.
Mention of the Green Party’s proposal for a mansion tax in Scotland. Discussion about the anti-growth policies and their potential consequences on economic opportunities.
[00:13:33]
Young Enterprise Scotland Funding Issues
Highlighting the risk of Young Enterprise Scotland losing government grants. Emphasis on the importance of enterprise education and the potential negative impact of funding cuts.
[00:15:59]
Elon Musk’s Recent Activities
Discussion on Elon Musk’s positive Tesla financial results and stock performance. Mention of Musk’s political involvement, including his support for Trump and a unique voter incentive scheme
Discussion on Elon Musk’s strategy to influence swing state voters by offering $1 million a day to registered voters.
[00:18:22]
McDonald’s Sales Drop Incident
Anecdote about Donald Trump’s team targeting Kamala Harris over her McDonald’s work claim. Mention of McDonald’s sales dropping by £21 billion due to an E. coli outbreak.
[00:18:43]
Housing Development in Aberdeenshire
Announcement of a significant investment in building up to 1,000 houses in Aberdeenshire for workforce support. Plan to transfer houses to local authorities once no longer needed for the workforce.
[00:19:38]
Appointment of Trade Envoy to Japan
Appointment of Stephen Baxter as an unpaid trade envoy to Japan. Discussion on the importance of this role and Baxter’s experience in the Asia Pacific region.
Special Guest: Billy Lyle, co-founder of Illuminate AI
If you’re passionate about AI, you won’t want to miss this episode featuring Billy Lyle, co-founder of Illuminate AI. Billy’s journey from entrepreneur to a leader in AI-driven solutions is nothing short of inspiring. He shares his unique insights on the evolution of technology, the challenges of scaling a business, and the future of AI.
Billy Lyle, a visionary entrepreneur and the driving force behind Illuminate AI and GHFway. He is pioneering the integration of Generative AI into executive leadership, aiming to make AI an essential part of all business strategies.
Billy’s passion for technological innovation and sustainable investments is evident in his latest ventures. At Illuminate AI, he equips CEOs with the tools to navigate and lead in the AI era.
Whether you’re an aspiring entrepreneur or a tech enthusiast, Billy’s story offers valuable lessons and a glimpse into the future of AI and sustainable investments. Don’t miss this opportunity to learn from one of the industry’s most innovative minds!
Board You Can’t Afford
Caitriona Davis addresses the growing importance of employee wellbeing, especially in the wake of Covid-19. She acknowledges that while larger companies might have comprehensive support systems, smaller businesses often struggle to provide the same level of care due to limited resources.
Caitriona highlights how the National Support Network can be particularly beneficial for these smaller businesses, offering an accessible and scalable solution to support their employees’ wellbeing. This service is designed to help companies of all sizes ensure their employees have access to the necessary support, even if they don’t have a full-time HR department.
Sunday Oct 20, 2024
Sunday Oct 20, 2024
Episode Highlights and Summary Notes
[00:01:00]
Tribute to Alex Salmond
Discussion on the passing of Alex Salmond. Sir Tom shares personal anecdotes and reflections on Salmond’s career and personality.
[00:01:55]
Clean Energy Initiatives
Discussion on clean energy provisions and advancements in Germany. Mention of Scottish Power’s investment and Scotland’s potential to achieve 100% clean energy.
Introduction of Doug Duigood new division in renewable energy, creating 30 new jobs.
[00:03:45]
House of Lords Update
Lord Haughey shares insights from the House of Lords.
Discussion on corporation tax and potential changes to national insurance contributions. Concerns about the impact of tax changes on small businesses.
[00:06:00]
Air Conditioning and Energy Consumption
Discussion on the future energy demands due to increased air conditioning needs by 2050. Mention of innovative building designs to reduce energy consumption, inspired by Roman architecture.
[00:08:00]
Tech Giants and Energy Investments
Discussion on tech companies like Microsoft, Amazon, and Google investing in small nuclear communities to power data centres.
Emphasis on the importance of supply chain security and energy capacity for tech expansion.
[00:09:00]
Local Business Highlights
Mention of Robert Graham’s family business and its contributions to the local economy.
Robert Graham’s family business success:
Turnover of £153 million by March 24th.
Profits of £2.8 million, attributed to the high protein range.
£13 million investment in capital expenditure over the last two years.
Emphasis on staying ahead of the game and evolving the business.
[00:10:30]
Entrepreneur in Residence Update
Matt Logan, the entrepreneur in residence, moves on. Discussion on the impact of right-wing media. Debate on the role and compensation of the entrepreneur in residence.
Concerns about the future of the Scale up Scotland programme without Logan’s drive.
[00:13:00]
Economic Updates
Inflation drops to 1.7%, better than expected. Discussion on the potential for interest rate reductions.
Speculation on the normalised interest rate for the next decade being around 4%.
Explanation of the pound’s devaluation due to expected interest rate cuts.
[00:14:30]
Innovative Heating Solutions
Introduction of a pilot project for electric wallpaper in social housing. Explanation of how electric wallpaper works, likely using infrared technology. Curiosity about the effectiveness and implementation of this new technology.
[00:15:00]
Scotland’s Visa System and Demographics
Discussion on the potential for Scotland to have a different visa system due to its unique demographics. Scotland needs positive immigration to support its aging population.
Ed Miliband’s proposal for a skills passport to help oil and gas workers transition to renewables.
Debate on the political implications and narrow-minded views on devolving more powers to Scotland.
[00:16:30]
Collaboration Between Holyrood and Westminster
Emphasis on the importance of cooperation between Holyrood and Westminster. Positive remarks on Ed Miliband’s statement about working together. The need for balanced criticism and praise of government actions.
[00:17:25]
Scale Up Scotland 2.0 Recruitment
Recruitment for Scale Up Scotland 2.0. Programme details: for ambitious businesses with over £10 million in turnover.
Quarterly meetings at Blair Castle with successful entrepreneurs sharing their experiences. Emphasis on peer-to-peer support as the “silver bullet” for growth.
[00:19:00]
Investment in Scottish Businesses
Discussion on the importance of investment for business growth. Mention of a recent investor meeting in London with a commitment of £62 billion. Desire for more investment in scale-up businesses across the country.
[00:20:00]
Challenges in the Salmon Fishing Industry
Follow-up on a previous guest discussing omega-3 and salmon fishing. Highlighting funding challenges in the industry. Upcoming meeting with Jason McGibbon from Bridgepoint to address roadblocks in Scotland.
Special Guest: Willie Patterson, Chief Executive of Asset Alliance Group
Willie Patterson shares his childhood experiences.
Grew up with hardworking parents; father was an intellectual from a working-class background, mother was a farmer’s daughter. Developed a strong work ethic from a young age.
Career Beginnings
Willie discusses his decision to join the Clydesdale Bank instead of going to university. Offered a job by a local bank manager. Worked at the bank for five years, gaining valuable experience and motivation.
Transition to Entrepreneurship
Willie shares his long-term goal of starting his own business. Decided to leave the bank after five years to pursue his entrepreneurial ambitions.
Transition to Asset Alliance Group
Willie Patterson discusses his journey into the trailer rental business.
Partnered with Alan Evans to refurbish and rent out used trailers.
Invested £10 million, creating a fast-growing trailer rental business.
Joined the company as a commercial director but had reservations about the move.
Move to Alliance & Leicester
Willie was introduced to the managing director of Alliance & Leicester PLC.
Joined the company as they transitioned from a building society to a commercial bank. Helped restructure the business and created Alliance & Leicester Commercial Finance PLC. Built the UK’s largest truck leasing business and expanded into various finance divisions.
Founding Asset Alliance Group
Willie decided to leave Santander and proposed buying the asset finance business.
Successfully doubled profits during the financial crisis by making tough decisions quickly. Focused on supporting key clients and maintaining profitability.
Navigating Financial Challenges
Willie discusses the pressure of securing capital during the financial crisis and COVID-19. Identified opportunities with challenger banks and wealth banks. Leveraged strong business yields to secure funding.
Strategic Networking
Willie reached out to his network, including a former chief executive, to secure capital. Successfully negotiated deals with multiple banks Completed the deal within three months, ensuring business continuity.
Board You Can’t Afford
Guest: John Kipp, Owner of Power Circle Projects
Overview of Power Circle Projects
Power Circle is a social enterprise owned by Charity Power Circle Ltd. Focuses on delivering a net-zero future at scale. Addresses barriers to scaling up low-carbon investments. Aims to benefit all sections of the community, including businesses, homeowners, and low-income households.
Question: As our organisation enters a period of rapid growth, primarily with established technologies like funded solar PV and upcoming heat solutions, we are keen to learn about potential pitfalls during this phase. Specifically, we are interested in experiences related to rapid growth, challenges in team dynamics, and managing cash flow. What are some common pitfalls and effective strategies to address and overcome these challenges?
Sunday Oct 13, 2024
Sunday Oct 13, 2024
Episode Summary and Highlights:
Scotland’s Clean Energy Potential:
Discussion on Scotland’s potential to be the first country fully supplied by clean energy. Announcement of Scottish Power’s £12 billion investment in clean energy.
[1:26]
Investment and International Interest:
Information about Scottish Power’s ownership by Spanish company Iberdrola and the positive outlook on the UK as an investment destination.
Government’s Role in Clean Energy:
Praise for government efforts in reducing planning permission time and the impact on investment barriers.
[3:03]
Future of Planning and Investment:
Debate on the need for quicker planning processes and the potential benefits of reducing planning time to 12 months.
Battery Storage and Hydropower:
Discussion on an article by Mark Wilson, CEO of Intelligent Land Investments, about the benefits of battery storage and hydropower.
Consideration of inviting Mark Wilson to the show to discuss achieving net zero and 100% clean energy.
[4:06]
Heat Pumps and Job Concerns:
Addressing concerns from the Institute for Public Policy about potential job losses due to a slowdown in heat pump installations.
Emphasis on the importance of insulation as a cost-effective alternative to heat pumps.
[5:08)
Importance of Battery Storage:
Highlighting the potential of battery storage in achieving clean energy goals.
Pace of Change in Business:
Discussion on the rapid pace of change in business and the need for quicker government processes like planning permission.
[6:08]
Ferry Construction Issues:
Issues with the ferry being built in Greenock, including outdated technology and infrastructure problems.
[6:51]
Brewdog Contamination Incident:
News about Brewdog having to destroy over a million pints due to contamination, and the impact on the company.
[7:25]
Elon Musk and Driverless Taxis:
Debate on Elon Musk’s announcement of driverless taxis and the potential impact on the market.
Discussion on the feasibility and timeline of Musk’s projects and their effect on Tesla’s share price.
[11:27]
American Election and Its Impact:
Discussion on the potential impact of the American election on Scotland.
Concerns about Donald Trump’s possible re-election and Elon Musk’s influence through his social media platform.
Elon Musk’s Political Involvement:
Analysis of Musk’s support for Trump and his potential role in the government.
Discussion on Musk’s ambitions to improve government efficiency.
[13:03]
Meeting with Keir Starmer:
Willie shares his recent one-on-one meeting with Keir Starmer.
Discussion on the importance of supporting entrepreneurs and business people for economic growth.
Emphasis on the need for the government to deliver on their promises.
[15:00]
Capital Gains Tax Concerns:
Discussion on the potential changes to capital gains tax and its impact on wealth creators.
Analysis of the behavioural changes in response to tax adjustments.
[16:02]
Tax Reduction for Creative Industries:
Announcement of a 53% tax reduction for investments in films up to £15 million.
Discussion on the positive impact on the film industry in Scotland.
[17:02]
Portugal’s Tax Haven for Young People:
Discussion on Portugal’s new policy to retain young talent by offering zero income tax for the first year and reduced taxes for ten years.
People around the world are thinking better than our current government. (18:50) And it's not good enough for us. (18:52) We're in a global competition for talent.
[19:00]
Dame Anne Glogg Cleared of Charges:
Announcement that Dame Anne Glogg will face no charges and no further action regarding the long-standing investigation.
Discussion on the waste of taxpayers’ money and police time, and the stress caused to Dame Anne and her family.
Recognition of Dame Anne’s significant contributions to charity and business in Scotland.
Hunter and Haughey's special guest this week is Douglas Martin - Founder and Managing Director of Mialgae Ltd.
Douglas is a biotech entrepreneur with a strong background in commercial and financial management. Recognised as a Forbes Under 30 honouree and a Shell Young Entrepreneur awardee he brings a unique blend of business acumen and innovative thinking.
Gemma Stuart, Gut Wealth
1 in 20 people have IBS in the UK - with symptoms such as: gas, bloating, cramping, abdominal discomfort and urgency.
Gut Wealth is liquid vitamin mineral and postbiotic supplement - proven to improve bloating, inflammation and bowel regularity.
It’s sold out twice, been featured in The Times, Daily Mail, Women’s Health, Men’s Health - chosen as a high growth potential business as part of the Scottish Enterprise’s pathways to scale programme in 2023-24. Also won Medtech & Healthtech StartUp of the Year 2024
Gemma is preparing for an equity raise in Q1, and asks what advice would Hunter and Haughey give to position the business to attract the right investors who align with her mission?
Sunday Oct 06, 2024
Sunday Oct 06, 2024
This episode covers the introduction of new energy reduction systems, the importance of productivity, and the economic implications of the Commonwealth Games for Glasgow. The discussion also touches on local council services and budget challenges. Plus, the Lord Haughey's exclusive interview with Sir Alex Ferguson.
Lord Haughey and Stuart Patrick delve into the potential of green hydrogen, the challenges of electricity pricing, and the future of renewable energy jobs. We also discuss the importance of battery storage and solar panels, and the impact of regional investments in renewable energy.
Key Highlights:
[00:01:10]
Commonwealth Games Discussion
Detailed discussion on the financial commitments and benefits of hosting the Commonwealth Games in Glasgow.
[00:02:25]
Financial Implications
Further exploration of the financial aspects and the economic development benefits of the Commonwealth Games.
[00:03:23]
Local Council Services and Budget Challenges
Discussion on a recent survey showing dissatisfaction with local council services and the challenges faced by officials due to budget constraints.
Examination of various local taxes and levies, including the tourist tax, workplace parking levy, and residential parking permits.
Debate on the fairness and effectiveness of these measures in addressing budget shortfalls.
[00:09:12] Investment in Rental Housing
Discussion on the need for investment in rental housing and the impact of potential amendments to the Scottish housing bill.
Debate on rent controls and their effect on new builds and existing tenants.
Mention of the importance of affordable housing and the potential benefits of excluding new builds from rent controls.
[00:11:40]
Buchanan Galleries Restructuring
Discussion on the decision by Landsec to reconsider the restructuring of Buchanan Galleries due to changes in the retail market and construction costs.
Exploration of the potential investment in Glasgow’s city centre and the impact of retail recovery post-pandemic.
[00:13:01]
Planning Resources and Infrastructure Investment
Discussion on the need for more resources in planning departments to support large infrastructure projects.
Mention of the competition for talent between local authorities and private sector companies involved in climate change initiatives.
[00:14:29]
Apprenticeships and Job Creation
Announcement of significant investment in apprenticeships and job creation by BAE Systems, highlighting the positive impact on Glasgow’s economy.
[00:16:19] Renewable Energy Projects
Discussion on Scotland’s plans to build the largest hydrogen plant in Europe, with a £600 million project in Aberdeen.Mention of a German delegation exploring green hydrogen export opportunities.
[00:16:31]
Green Hydrogen Opportunities
Discussion on the delegation from Germany and the plans for exporting hydrogen. The main challenge highlighted is the cost due to the current electricity pricing model.
[00:17:24]
Battery Storage vs. Solar Panels
Insights into the effectiveness of battery storage compared to solar panels. Mention of a chart showing savings from sustainable housing, with a significant portion coming from battery storage.
[00:18:31]
Investment in Glasgow: Discussion on a potential huge investment near Glasgow and the opportunities it presents. GB Energy and Regional Presence: The importance of having a regional presence in places like Aberdeen and the role of GB Energy. Retirement Announcement: Announcement of Professor John McDonald’s retirement and his contributions to Glasgow.
[00:21:56]
Education and Airline Connections
The discussion highlights the critical role of the education industry and the importance of maintaining strong airline connections through the Middle East. These connections are vital for fostering international relationships and ensuring the flow of students and professionals.Emphasis is placed on the commitment to building and maintaining relationships with states in the Midwest and Middle East. This commitment is seen as essential for economic and cultural exchanges.
[00:22:13]
Financial Struggles of Football Clubs
The financial difficulties faced by Caledonian football club are discussed, highlighting the broader issue of financial instability in Scottish football. The need for substantial fundraising efforts to avoid bankruptcy is underscored. The unique challenges of running a football club as a business are explored. The discussion suggests that smaller clubs could benefit from mentoring by successful business personalities to improve their financial health and operational efficiency.
[00:23:30]
City and Football Club Success
The relationship between the success of a city and its football clubs is examined. Successful clubs are seen as enhancing the city’s reputation, attracting tourists, and contributing to the local economy.
[00:23:30]
Investments in Inverness and Glasgow
Concerns about the future of Inverness and the investments in Glasgow, including those in Rangers and Partick Thistle, are raised. The impact of these investments on the cities’ international standing is considered.
International Pitching
The role of football clubs in international city pitching efforts is discussed. Football clubs can significantly influence how cities are perceived globally, making them valuable assets in international relations and marketing.
Tourism and Reputation
Successful football clubs are credited with boosting tourism and enhancing the city’s reputation. Visitors are drawn to the city not only for the football matches but also for other attractions like museums and cultural sites.
[00:24:23]
Business Guidance for Football Clubs
The need for business guidance and mentoring for smaller football clubs is emphasized. This support is seen as crucial for strengthening Scottish football and ensuring the sustainability of smaller clubs. Collaborations with Rangers and Celtic on overseas trips for youth development are highlighted. These initiatives are part of broader efforts to foster international relations and promote the city’s image abroad.
Special Guest Sir Alex Ferguson
This week’s special guest is Alex Ferguson, one of Glasgow’s most famous sons. Sir Alex is a winner and enjoyed unparalleled success with his winning mentality at Aberdeen and Manchester United, and he shares his insights on leadership, resilience, and the business of football.
[00:28:26]
Early Leadership Qualities
Alex Ferguson discusses his early realisation of leadership qualities during his school years and apprenticeship. He shares how joining the union and becoming a shop steward at 19 helped him develop his leadership skills.
[00:28:26]
Union Involvement and Apprenticeship
Sir Alex Ferguson talks about his involvement in the engineering union and the challenges he faced as a young apprentice. He recounts the experience of balancing his apprenticeship with part-time football and the support he received from union leaders.
[00:30:27]
Transition to Full-Time Football After completing his apprenticeship, Sir Alex Ferguson decided to pursue football full-time. He reflects on his decision to leave engineering behind and focus on a career in football.
[00:30:47]:
Developing Coaching Skills
Sir Alex shares his journey of obtaining coaching badges in England and Germany. He emphasises the importance of continuous learning and preparation in his path to becoming a football manager.
Impact of Leadership in Football
The discussion highlights how Sir Alex Ferguson’s leadership qualities translated into his football career. He talks about the influence he had on teams and his determination to succeed in football management.
[00:31:49]
Life-Changing Moments
Sir Alex Ferguson recounts a pivotal moment in his life when he scored a hat trick against Rangers, which changed his career trajectory. He emphasizes the importance of seizing opportunities and making decisive choices.
[00:33:21]
Entrepreneurial Ventures
Sir Alex discusses his venture into entrepreneurship by owning a pub. He explains how this experience, combined with his part-time football career, shaped his managerial ambitions.
[00:34:36]
First Managerial Experience
Shares his first experience as a manager, dealing with limited resources and building a team from free transfers. He highlights the importance of strategic thinking and resourcefulness in management.
[00:35:58]
Transition to Aberdeen
The conversation touches on the move to Aberdeen and his thoughts on the importance of perseverance and long-term vision for young players and managers. Sir Alex reflects on key moments that influenced his career, such as deciding not to emigrate to Canada and scoring a hat trick against Rangers. These moments reinforced his commitment to football and leadership.
Building a Football Club
Discusses the importance of bringing out the best in oneself. Reflects on his career as a player and the challenges faced. Emphasises building a football club, not just a team. Highlights the success of young players he coached, such as Peter Weir and Frank McAvennie. Stresses the value of giving opportunities to young players and the different personality required to manage them.
[00:38:27]
Coaching and Managing
Acknowledges the shift in the role of a manager in modern football. Notes the commercial aspects of the modern game and the difficulty of managing large clubs.
[00:38:51]
Managing Manchester United
Reflection on his time as a manager at Manchester United. Emphasis on the importance of personality and communication skills in managing a large club. Discusses the global fan base of Manchester United and the responsibility to deliver for them. Mentions the influence of Sir Matt Busby and the tradition of giving young players a chance.
[00:40:20]
Changing the Culture
Highlights the challenges of changing the existing culture and the dedication required. Describes the work culture and the need to instil discipline and dedication in players. Reflects on the long process of changing the culture at the club.
[00:43:39]
Importance of a Strong Captain
The significance of having a strong captain on the field, with examples of influential captains.
[00:45:02]
Role of Assistants
The importance of surrounding oneself with good people and the impact of assistant managers throughout the guest’s career.
[00:47:49]
Career Reflections
Reflections on the careers of former assistants and their paths in football management.
Sir Alex expresses pride in the success of young players he managed. Highlights winning the European Cup in Barcelona as the pinnacle of his career, describing it as the “Holy Grail” and a moment he will never forget.
Keywords: Education Industry, Airline Connections, Middle East Relationships, Football Club Financial Struggles, Business Mentoring, Tourism, Youth , Rangers, Celtic, Inverness Caledonian Thistle, Development, International Relations, Green Hydrogen, Renewable Energy Jobs, Battery Storage, Solar Panels, Electricity Pricing, GB Energy, Sustainable Housing, Lord Willie Haughey, Sir Tom Hunter, Stuart Patrick CBE, Sir Alex Ferguson.
Friday Oct 04, 2024
Friday Oct 04, 2024
Premiering this Sunday at 12 PM, join us for an exclusive 1-2-1 chat with the legendary Sir Alex Ferguson and the esteemed Lord Willie Haughey. Dive deep into the mind of the man who led Manchester United to unparalleled success, and uncover his secrets on leadership, resilience, and the business of football.
Exclusive Insights: Get a rare glimpse into Sir Alex Ferguson’s strategies that transformed Manchester United into a global powerhouse.
Leadership Lessons: Learn about the leadership principles that guided Ferguson through his illustrious career.
Resilience Tips: Discover how resilience played a crucial role in overcoming challenges both on and off the pitch.
Business Wisdom: Gain valuable knowledge on the business side of football from two industry titans.
Mark your calendar and set your reminder—this is an episode you won’t want to miss!
Subscribe now to ensure you don’t miss out on this and more exclusive content!
Sunday Sep 29, 2024
Sunday Sep 29, 2024
Key Highlights
Scottish Whisky News:
Big news in the whisky world! The Famous Grouse, a renowned Scottish whisky brand, has been sold to William Grant & Sons.
This is a significant move.
William Grant & Sons, a family-owned business, is now the proud owner. They have a massive operation in Girvan, and the whisky’s value increases with age.
Energy Solutions and Social Tariff:
The Scottish government is working on a new social tariff for energy, aiming to support those in need.
It’s a complex issue, requiring collaboration from multiple parties. However, starting with insulation and energy management can save significant costs.
Energy Solutions for Existing Houses:
People are looking for solutions to reduce energy costs, and there’s a promising approach focusing on insulation and energy management, which is more economical than expensive solutions like solar panels and batteries.
These solutions can be implemented immediately, with positive feedback from various stakeholders, including visits from senior management teams.
Grangemouth Refinery Crisis:
The UK government is addressing the Grangemouth refinery issue, which is a significant test for the Labour government.
Jim Ratcliffe’s INEOS and their Chinese partners are planning to cease refining due to losses of £150 million a year. The future of energy solutions and the Grangemouth refinery remains uncertain.
Taxation and Economic Balance:
Balancing taxation is always a challenge. It’s crucial to find the right balance. While taxing the rich can be popular, it’s more effective to grow the entire economy so everyone can contribute fairly. Over-taxing high earners won’t solve the problem alone.
Infrastructure Investment:
The government plans to invest more in infrastructure and capital projects. Investing in infrastructure is essential for economic growth. Projects like the hydro have shown significant positive impacts. It’s about ensuring a good return on investment to boost GDP.
Pensioner Support and Communication Issues:
There have been communication issues regarding pensioner support. The government’s communication has been poor. While they promised to maintain the triple lock, ensuring pensioners are better off, the messaging has been confusing. Clear communication is vital to avoid misunderstandings.
Bill Gates’ Netflix Series:
The new Netflix series featuring Bill Gates is fascinating. The series covers major issues like global warming, disease eradication, and misinformation. Gates’ work through his foundation, especially in eradicating polio and tackling malaria, is commendable.
Debate on Wealth:
The series also explores whether one can be too rich. Gates discusses this with Bernie Sanders, highlighting different perspectives on wealth and its impact on society. It’s a thought-provoking discussion on the responsibilities that come with great wealth.
Main Guest: Simon Forrest Co Founder, Nova Innovations
Simon Forrest is the co-founder of Nova Innovation, a global leader in marine energy, delivering clean and predictable electricity to clients worldwide. Founded in 2010, Nova has offices in Leith, Dublin, Brussels, and Halifax, employs 50 staff, and has a turnover of £5 million.
Raised in Larkhall, Simon didn't have an obvious entrepreneurial role model but showed an entrepreneurial spirit from a young age. At 15, he started his own chicken farm, selling free- range eggs to local schools and businesses.
After leaving school, Simon began an apprenticeship as an engineer at IBM Greenock, where he also completed his degree. He then pursued a career as an investment banker in London and New York. While he found parts of that career enjoyable, he missed engineering and returned to IBM in a global role.
His passion for renewable energy led him to pursue a PhD at Edinburgh University in Engineering Power Systems, where he met his future co-founder, who was one of his lecturers. Their vision for Nova was ambitious— to make tidal energy as prominent as wind energy is in Denmark.
Board You Can't Afford
Kayla Megan Burns, Podplistic
Kayla is a Biomedical Scientist, the Convenor of Disability Equality Scotland, and a past member of the New York Times’ Generation Climate where they curated and presented content appealing to youth across the areas of technology and climate change during COP26.
They have previously co- founded a podcast and audio production company which generated 5-figure revenues, and are now primarily focusing on building Podplistic - an AI-enabled podcast production software for global news and media companies, who are currently in early discussions with the New York Times.
Keywords: Sir Tom Hunter, Lord Willie Haughey, Simon Forrest, Nova Innovation, Marine energy, Tidal energy, Renewable energy, Scottish Business, AI, Alex Ferguson, Podcasting, Scottish Business, Scottish Politics, UK Business, Uk Politics
Sunday Sep 22, 2024
Sunday Sep 22, 2024
Business Show Highlights:
Fed’s Bold Move: The Federal Reserve cuts interest rates by 50 basis points for the first time in four years, aiming to stabilise the market.
UK Holds Steady: Despite global trends, the Bank of England keeps interest rates at 5%, sparking debates on future economic strategies.
Inflation Concerns: With inflation down to 2.2%, experts worry about potential rebounds and the impact on financial markets.
Currency Strength: The pound reaches its strongest level against the dollar in decades, influencing international trade and investment.
Future Predictions: Speculations on the UK potentially cutting rates by 25 basis points later this year and the long-term outlook for interest rates.
Economic Warnings: Government financial warnings and the challenges of managing budget gaps amidst economic uncertainty.
[00:04:28]
Impact on Pensioners: Positive news for single pensioners, who will see a £1,300 annual increase starting next year
Pensioners’ Good News Miscommunication: Discusses the frustration over poor communication from the Treasury, which turned a positive £2,600 pension boost for couples into a source of angst.
[00:05:00]
Labour Party’s Communication Strategy: Suggestions that the Labour Party needs Alastair Campbell back for effective messaging. Mentions economist Andy Haldane’s critique of the government’s fear-inducing communication.
[00:05:44]
Scandalous Freebies: Highlights the controversy over the Prime Minister’s wife’s clothes donations and the impact of such scandals on public trust.
[00:07:02]
Call for Alastair Campbell’s Return: Emphasises on the need for better communication strategies and plans to meet with Alastair Campbell and Morgan McSween to address the issue.
[00:08:10]
Political Honeymoon: Reflection on the short-lived euphoria following a political victory, dampened by recent revelations.
[00:09:37]
TGI Friday’s Nostalgia and Decline: Tom reflects on the fond memories of TGI Friday’s and its failure to evolve with the times, leading to its decline. Highlights the importance of businesses adapting to changing customer preferences.
Business Evolution: Lord Haughey discusses how successful businesses like McDonald’s have evolved over time, contrasting with TGI Friday’s stagnation. Emphasis on the need for continuous innovation to stay relevant.
[00:10:20]
Commonwealth Games in Glasgow: Talk about the return of the Commonwealth Games to Glasgow, the financial implications, and the benefits for the local hospitality sector. Mention that the clever deal ensuring no public money is used.
[00:12:10]
Flamingo Land Controversy: Discusses the rejection of Flamingo Land’s planning application at Loch Lomond, the challenges of planning objections, and the importance of aligning with local community interests.
Investment and Environmental Concerns: Highlights the tension between investment opportunities and environmental protection, with a focus on the role of the Greens in opposing certain developments.
Kiltwalk and Community Engagement: Mention that the Glasgow Kiltwalk, biggest in the world and its significance, and the community’s welcoming nature at Balloch Park.
[00:14:30]
Lord Wolfson and Business Evolution: Talks about Lord Wolfson’s insights on international expansion driving profits for Next, and the importance of business evolution in the retail sector.
Equal Pay Case Impact: Covers the recent equal pay case involving Next and its potential impact on the company’s operations and employee relations.
[00:15:45]
New Business Developments: Sir Tom discusses a new partnership in Edinburgh for developing homes, schools, and a community park, and the recent sale of Cala by LNG for £1.35 billion.
This Week’s Special Guest:
Dr. James McIlroy, Founder and CEO of EnteroBiotix Ltd
Background: Medical doctor and scientific entrepreneur dedicated to global health and wellbeing.
Career and Achievements
Founding EnteroBiotix: Established while at university with the goal of creating best-in-class medicines using healthy bacteria.
Funding and Development: Raised approximately £50 million in equity investment.
Additional Contributions
Inside Matters: Founded an organization providing educational resources on gut health and wellbeing.
Personal Interests: Passionate about exercise, nutrition, and lifestyle approaches to health and wellness.
The Board You Can’t Afford
Guest: Ryan Davidson, Highland Transfers
Strategic Question: Balancing the risk of revenue gain against maintaining customer experience.
Company Overview: Highland Transfers, a self-guided adventure and baggage transfer business, started in August 2019.
Client Base: Serves both individual clients and major self-guided and guided adventure companies globally.
Unique Adventures: Customises adventures to ensure each client experiences something unique, encouraging exploration off regular routes.
Expansion Dilemma: Considering whether to heavily invest in the American market for potential revenue growth or continue with the current strategy that guarantees steady income.
Future Plans: Evaluating the potential benefits of expanding into new markets versus the stability of existing operations.
Sunday Sep 15, 2024
Sunday Sep 15, 2024
Episode Notes and Highlights
US Current Affairs:
Discussion on the controversial statement from Trumo about migrants and pets.. Comments on Kamala Harris’s performance and how she managed to rile Donald Trump.
Political Commentary:
John Bolton questioning Trump’s fitness to be commander in chief. Expression hope that Trump will not be president again.Comments on Trump’s claims about the war in Gaza and Kamala Harris’s remarks about President Xi and Putin.
04:35
Andrew Carnegie:
References Andrew Carnegie in the context of current events concerning US Steel.
07:00
Declaration of a New Labour government and the scrutiny over a £20 billion black hole.
Opposition’s demand for more details and the government’s lack of forthcoming information.
Sir Tom Hunter questions the decision to cut pensions and suggests more time should have been taken to find alternative savings.
Labour Party’s handling of pension cuts statement and the lack of announcement of increased payments to pensioners. Discussion on the media’s focus on pensioners’ hardships and the potential negative headlines.
08:20
Public Service Salaries:
References a Freedom of Information request revealing high salaries for civil servants in Scotland.
Concern over the number of senior public servants earning over £100,000.
Value for Money:
Emphasises the importance of paying public servants well if they deliver results. Comments on the Scottish Government’s allocation of taxpayer money.
Public Sector Employment and Outcomes:
Highlighting the unsustainable nature of employing many people without improving outcomes. .
Public Sector KPIs:
Discussion on the lack of Key Performance Indicators (KPIs) in the public sector compared to private businesses.
Pension Cuts:
Suggests that deeper analysis could have prevented pension cuts and the resulting public backlash.
Civil Service Issues:
The civil service is broken and mentions the impact of COVID-19 on the system. Emphasis the need for strong leadership and accountability in the public sector, with appropriate compensation for good leaders. Discussion on the increase in civil service numbers in Scotland and their effectiveness.
Financial Concerns:
Highlighting the discrepancy between increasing employment and the existing deficit, calling it a recipe for disaster.
15:20
Celebrating 25 Years of the Hunter Centre for Entrepreneurship, Innovation, and Strategy
25th anniversary of the Hunter Centre for Entrepreneurship, Innovation, and Strategy at Strathclyde University.
Background:
The Centre was founded by Tom Hunter after selling his sports business.
Inspired by visits to top entrepreneurship centers in the U.S., including Babson College.
The Centre combines academic knowledge with practical entrepreneurial experience.
Key Highlights:
New Leadership: Nigel Mackenzie is the new director.
Mission: Focus on entrepreneurship, innovation, and strategy.
Research and Practice: Emphasis on practical ideas, influencing government policy, and making a difference in the entrepreneurial ecosystem.
Achievements:
The Centre has grown significantly over the past 25 years.
It has become a leading hub for entrepreneurship research and education in Europe.
Future Plans:
Continued focus on combining academic and practical entrepreneurial insights.
Upcoming 25th-anniversary celebration event.
Economic Insights:
Discussion on current economic trends, including interest rates and inflation.
Positive outlook on long-term economic indicators.
Conclusion:
Recap of the Centre’s journey and achievements.
Excitement for the future and upcoming celebrations.
17:30
Economic Trends, Football Finances, and Leadership Insights
Economic Trends:
Inflation and Deflation: Current US deflation rate at 2.5%, with positive economic indicators.
18:30
Football Finances:
Financial Losses: Discussion on recent financial losses in football, including a £113 million loss. Jim Ratcliffe: Insights into Jim Ratcliffe’s business approach and the financial challenges in football.
Chelsea’s Situation: Analysis of Chelsea’s financial struggles and shareholder dynamics.
19:15
Upcoming Guest: Sir Alex Ferguson
Interview Announcement: Sir Alex Ferguson will be featured on the Go Radio Business Show.
Leadership Insights: Sir Alex’s transition from football to teaching at Harvard University.
Book Recommendation: Encouragement to read Sir Alex’s book on leadership.
20:45
Scottish Government and Budget:
Budget Balancing: Discussion on the SNP’s efforts to balance the budget, including new taxes on alcohol and cigarettes.
Political Strategy: Analysis of the political implications of budget balancing.
NHS and Government Efficiency:
NHS Spending: Discussion on NHS spending and patient outcomes.
Tony Blair Institute: Insights from the Tony Blair Institute on improving government efficiency and the role of AI.
22:50
Economic Insights and Lessons from Ireland
The Irish Economy:
Apple’s Tax Payment: Apple has been ordered to pay €13 billion to the Irish government.
Economic Surplus: This payment could lead to a €23 billion surplus for Ireland.
Comparison with the UK: Discussion on how the UK can learn from Ireland’s economic strategies.
Key Points:
Ireland’s Success: Exploration of why Ireland’s economy is thriving compared to the UK’s.
Government Policies: Highlighting the policies and strategies that have contributed to Ireland’s success.
Lessons for the UK:
Learning from Success: Encouragement for the UK and Scottish governments to study and adopt successful strategies from Ireland.
Policy Recommendations: Discussion on specific policies that could be beneficial if implemented in the UK.
24:09
Guest Kirsty Allan, Director, City Access Scaffolding
Kirsty was raised by her grandparents in Edinburgh.
Kirsty initially attended Granton Primary, but her grandmother, a strong believer in education, managed to get her into George Heriot's School on a bursary. Although she trained as a teacher, Kirsty also pursued various side businesses. Eventually, she left teaching to focus on developing her entrepreneurial skills, starting 'Treacle Boutique,' an online childrenswear business.
She was accepted into the 2nd intake of Entrepreneurial Spark, where she gained many of the key skills she now uses in her business and leadership roles. While 'Treacle Boutique' is no longer operating, Kirsty regards Entrepreneurial Spark as a crucial learning experience
Kirsty co-founded City Access Scaffolding with her husband and a third business partner. While her husband and the business partner focused on the operational work, Kirsty managed the business and handled sales. Ten years later, the company has a turnover of £6 million and employs 55 staff
Kirsty is committed to making the business the best it can be, with a strong focus on societal contribution. She has established a robust apprenticeship scheme and implemented several employee-focused initiatives, including financial and debt recovery workshops aimed at empowering employees with knowledge—efforts that are largely unheard of in this industry.
Securing contracts with Historic Scotland and working with Gleneagles Townhouse.:
Keywords: Donald Trump, Kamala Harris, Andrew Carnegie, US Steel, Steel Industry,Nippon Steel Acquisition, Industrial History, New Labour Government, £20 Billion Black Hole, Pension Cuts, Sir Tom Hunter, Lord Willie Haughey, Government Spending, Public Service Salaries, Freedom of Information, Civil Servant Salaries, Scottish Government, Public Sector KPIs, Hunter Centre for Entrepreneurship, Strathclyde University, Entrepreneurship Education,Economic Trends, Inflation and Deflation, Football Finances, Financial Losses in Football, Jim Ratcliffe
Sunday Sep 08, 2024
Sunday Sep 08, 2024
The Go Radio Business Show
02:00
Shona Robison Fiscal Update
- Scottish government announces budget cuts of up to £500m and measures totaling close to £1bn to balance the budget.
- Discussion on the need for a plan to eradicate child poverty.
05:00
Lord Haughey on the 4-Day Work Week
- Lord Haughey argues that a 4-day work week could lead to job losses.
- If Labour wins the Scottish Elections, he plans to lobby for a Minister for Efficiency.
06:00
GB Energy’s UK Headquarters
- News leaks suggest GB Energy’s UK headquarters will be in Aberdeen.
- Discussion on the importance of prioritising 100% clean energy.
11:00
Simon Pitts New Role
- Simon Pitts leaves STV in good health to join Global.
- Reflection on his successful tenure at the media company.
12:00
Craneware’s Financial Success
- Scottish-based Craneware reports a 20% profit jump to nearly £16m, with revenues growing 9% to $189m.
- CEO Keith Neilson attributes growth to past investments.
13:00
Innovate UK’s Grant Controversy
- Innovate UK faces backlash for awarding only 25 out of 50 possible grants to female businesses.
- Former guest Becky Lumsden leads calls for the agency to improve its support for female founders.
- Innovate UK apologises and promises to release the remaining grants.
15:00
Hunter Foundation and Oxford Economics Report
- The Irish economy is projected to have an €8.6 billion surplus, growing five times faster than expected.
- Discussion on Scotland learning from Ireland’s success, particularly in addressing housing supply and demand issues.
18:00
Wind Farm Success
- Several Scottish wind farm businesses secure UK government backing, potentially creating thousands of jobs.
- Projects include Green Volt, Moray West, Cloiche, and Chleansaid wind farms.
21:45
Main Guest: Sean Tracey, Chairman of Hyper Luminal Games
Entrepreneurial Background: Sean’s grandfather established a successful import business in China in the 1920s. His parents met in China, where his father worked as a British spy.
Early Career: Sean’s first job was at Nardini’s in Largs, where he learned the importance of customer service and maintaining a reputation for quality and innovation.
Sean joined the Trustees of The Kiltwalk and began investing in early-stage businesses. He became Chairman of Luminal Games, a Dundee-based game studio that now employs 84 people and has recently released its first game.
Sean’s greatest passion is helping businesses grow, creating jobs, and making a meaningful impact on the Scottish entrepreneurial community.
41:10
Board You Can’t Afford
Guest: Kevin Fallon, Co-Founder of Flex Medical Solutions
About Flex Medical Solutions (FMS):
A contract development and manufacturing organization (CDMO) specializing in Point of Care (POC) human diagnostics (e.g., COVID, diabetes, flu, cancer testing).
Based in Livingston, West Lothian, employing 50 highly skilled professionals.
A profitable, privately owned, self-funded business with zero external investment.
Discussion Topic
Kevin seeks insights on how the UK and Scotland can better support business growth through efficient and fair taxation.
Sir Tom Hunter, Lord Willie Haughey, Go Radio Business Show, Scottish Business Podcast, Scottish Entrepreneurs, Business Podcast, Glasgow Business, Eradicating Scottish poverty, 4-day work week impact, GB Energy Aberdeen headquarters, Clean energy UK, Simon Pitts STV, Craneware profit growth, Innovate UK female grants, Irish economy surplus, Scottish wind farm projects, Sean Tracey, Hyper Luminal Games, Flex Medical Solutions, Kevin Fallon.