Go Radio Business Show - Season 10, Episode 6
Entrepreneurial Spirit and Economic Growth:
[00:02:37]
Mention of Oxford Economics' report on what Scotland could learn from Singapore's model, including necessary legal and policy changes.
[00:04:04]
Emphasis on releasing entrepreneurial spirit in Scotland, with a focus on improving GDP per capita and overall economic growth.
[00:04:31]
Comparison of Singapore's GDP growth from 1965 ($1,200 per capita) to present ($86,000 per capita), highlighting the dr...
Go Radio Business Show - Season 10, Episode 6
Entrepreneurial Spirit and Economic Growth:
[00:02:37]
Mention of Oxford Economics' report on what Scotland could learn from Singapore's model, including necessary legal and policy changes.
[00:04:04]
Emphasis on releasing entrepreneurial spirit in Scotland, with a focus on improving GDP per capita and overall economic growth.
[00:04:31]
Comparison of Singapore's GDP growth from 1965 ($1,200 per capita) to present ($86,000 per capita), highlighting the dramatic economic transformation.
Public Sector and Economic Policies:
[00:06:12]
Discussion on the need for bold economic policies and the role of the public sector in Scotland. Discussion about current policies and calls for radical changes to improve education, healthcare, and the economy.
[00:07:23]
Mixed messages on economic indicators, including interest rates and wage growth, and their implications for the economy.
Interest Rates and Employment:
[00:08:12]
Predictions on unemployment rates and economic adjustments due to new employer contributions and wage growth. Concerns about potential increases in unemployment rates.
Public Sector Efficiency:
[00:09:27]
Debate on public sector efficiency and the influence of business on government policies. Discussion on the need for transparency and accountability in public sector spending.
James Watt
[00:10:00]
James Watt is fast becoming the UK version of Elon Musk. He’s setup what he’s calling a shadow DOGE in an attempt to mirror the influence of business on government that Musk is bringing to the states. Whilst in no way an official body, Watt is launching a hotline for public sector employees to report inefficiencies and promises to release monthly reports highlighting where savings can be made.
[00:12:27]
Skyrora
Whilst Scotland has produced more than a few rockets, most of them MSPs in the green party, the country will see its first proper rocket launched into orbit later this year. Scottish company Skyrora is constructing a 23m rocket called XL to deliver small satellites to space.
Special Guest: Ryan Clark, Security and Technology in Business:
[00:21:12]
Introduction of Ryan Clark, CEO of Safer Group, who shares his background and journey into the security industry.
[00:21:42]
Ryan Clark discusses his initial entry into the security industry as a temporary job, his promotion within the company, and his eventual decision to start his own business focusing on technology-driven security solutions.
Retail and Construction Security:
[00:25:17]
Discussion on the effectiveness of technology in reducing theft and improving security in construction sites. Ryan explains how technology can provide constant monitoring and transparency, reducing the need for physical security guards.
[00:32:47]
Surge in shoplifting and its impact on business. Ryan mentions the deployment of security systems in retail stores to reduce theft and provide reassurance to the public.
[00:33:40]
Comparison of theft in retail and construction industries, with construction experiencing higher losses due to the value of assets on-site.
Insurance and Security Systems:
[00:35:28]
Potential for insurance companies to recommend security systems to builders. Discussion on the challenges of getting insurance companies to recognise and recommend these systems.
Board You Can’t Afford
Fiona McKee is the founder of The HR Practice a HR Consultancy business based in Hillington. Providing HR services to SME and Entrepreneurial businesses.
Prior to launching The HR Practice Fiona was a Global HR Director for SD Worx a payroll business. Fiona is a Non-Executive Board Member at Kilbryde Hospice, Diversity & Inclusion Ambassador for Institute of Directors and Member of the Scottish Economic Advisory Board.
Questions:
Fiona set the business up to focus specifically on M&A due diligence and post acquisition integration however, at the beginning of 2023 M&A market slowed down significantly.
At the same time an accountant approached Fiona to go into a joint venture providing HR services to SME’s. Fiona decided not to do that but instead go after the work independently.
Keywords:
Electric cars, Business transition,Labour growth policies, Singapore economic model, Oxford Economics report, Entrepreneurial spirit, Scotland GDP, Public sector efficiency, Economic policies, Interest rates, Unemployment predictions, Public sector influence, Security technology, Retail theft, Construction security, Insurance recommendations, Business personal life balance
