Episode 122: 9th July 2020

Sara Blakely, Spanx, Bonus payments, thinking strategically and Marketing Week bid you a very warm welcome to another week on the Business Community.

Whether you sit on the paying out or receiving side of benefits and bonus payments it seems there are positives and minuses in both camps and they aren’t always financial. We start with reminding ourselves what a bonus payment is and why we should consider an overhaul of current practices. A changing workforce brings about changing priorities and you might be surprised to learn what matters and motivates when it comes to bonus payments, and perhaps more importantly what doesn’t.  The CIPD share some interesting articles on this subject on their website and not all are behind a paywall.

In other news Tracy picks up on rather alarming add ons which will soon be available from BMW on a subscription service, and Forbes report such things as ‘advanced driver assistance, adaptive suspension and heated seats’ may be available for periods between 1 and 3 months. Watch this space for more information.

Heather draws our attention to The Rural Business Awards for Denbighshire which have an extended deadline and also takes great delight from the BBC in learning a few work from home surprises that have been enlightened couples who once though they knew each other well ;-).

Our discovery section includes a classic guide from Harvard Business Review which Tracy swears by HBR Guide to Thinking Strategically  while Heather flags up some great advice and articles which can be found on the Marketing Week website.

Finally our profile is all about big girls knickers and the hugely successful entrepreneur Sara Blakely who invented a product which many of the female population, and I’m sure a few males have used to make themselves ‘comfortable’ in recent years, we are talkin about Spanx.

Blakely, born in 1971 started out selling fax machines in a male dominated world but rose to be the youngest self made billionaire on Forbes list in 2012 at the age of 41 and received a surprise boost from Sir Richard Branson when she decided to set up her foundation Spanx by Sara Blakely Foundation.

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