MMB Magazine - The Modern Working Mothers Magazine
Mothers Mean Business MMB is a high-end magazine and community for professional working mothers. It is a hub of information and support for skilled, career driven women who have resumed their career or whose focus is on returning to work but require part time hours due to raising a family. Putting all the information you need in one place to allow you to advance your career and work life..
ELMER THE PATCHWORK ELEPHANT SHOW
Grand Opera House York Family Ticket Giveaway!
Monday 11 – Tuesday 12 March 2019
Its time for a 30th birthday party for the fabulous children’s book written by David McKee, Elmer The Patchwork Elephant Show!
Elmer is a patchwork of brilliant colours! His fun-loving and cheerful personality keeps everyone in a playful mood, until the day he gets tired of being different and tries to blend in with the herd.
The show tells the tale of an elephant who stands out but tries to blend in featuring 21 amazing puppets, but ultimately realizing that his friends have always valued his unique characteristics.
We couldn’t agree more its always best to be yourself!
You can book tickets on the link below, or why not take an chance and enter our competition by the fabulous people up at the Grand Opera House in York for the chance to win a family ticket for 4.
*You must be a member of monthly email newsletter to take part, but don’t worry you can sign up while entering the competition and you will be the first to hear of competitions and fabulous family discounts.
Performances: Mon at 1pm & 3pm, Tue at 10am & 12pm
Tickets from £16.50
Box office: 0844 871 3024
Theatre Tickets Competition
Whose 30th Birthday is it?*
Phone Number To Be Contacted On If You Win*
You must be a registered readers of MMB Magazines free e-newsletter to apply.*
Already Signed Up
Sign Me Up
Closing date 25th February 2019 5pm.
*Terms and conditions apply and you must be able to attend the showing and pick the tickets up from York the day of the show. No cash alternatives are on offer or exchanges or alternative showings.. Should the winner who is drawn at random not respond to email or calls within 48 hours we will redraw for a new winner.
Join us for this invitation-only MMB Private Lunch Club, when the club comes to Huddersfield for the first time!
MMB Private Lunch Club – Huddersfield Network
Date: Wednesday 6 March 2018 Time: 12:00 – 14:00 Location: Manor House, Lindley Two course lunch: £50 plus VAT Bookings: Email email@example.com
Mid-senior level decision makers from throughout the town will meet to debate key topics :
What is the secret to a thriving workplace?
• Leaders vs People – what is the secret ingredient to a buoyant workforce?
• Of the standout leaders in the region, what can we learn from their personalities and business style?
• What role does tech play?
• And what are the key recruitment and retention challenges at present?
• How are thriving cultures manifesting in Huddersfield’s businesses?
• And in terms of thriving as a town, what presence does Huddersfield have within the wider region and the much-debated ‘Northern Powerhouse’?
Hosted by Katie Mallinson, managing director of Scriba PR and blogger for MMB Magazine, guests will be invited to share their thoughts, opinions and ideas with like-minded businesspeople passionate about workplace change, and the growth of organisations throughout the region.
Participants will also have the option to be included within an exclusive MMB report, detailing the key themes from the lunch.
Tickets cost £50 and include a gourmet two-course lunch, a glass of wine and tea or coffee.
This is a fantastic opportunity to network and collaborate – we hope you can join us!
Already this year we have seen the World’s richest man, Jeff Bezos, the founder and CEO of online retailer Amazon, announce via Twitter his divorce. This potentially will see his alleged $137 US billion dollar fortune being split equally with his wife, MacKenzie and her becoming one of the world’s richest women overnight. It also gives rise to consideration of how matters could have been very different had there been a prenuptial agreement in place.
Jeff and MacKenzie first met when he interviewed her for a research position at the Manhatten hedge fund where he worked.
In a 2013 interview given to Vogue magazine, the Bezos’ marriage was described as being “one of those complementary marriages, in which two parts come together to form an even stronger one”. In such an interview, Mackenzie describes Jeff as her “opposite”.
When they met, Mackenzie was a somewhat reserved, aspiring writer working in finance to pay the bills whilst Jeff, who is 6 years her senior, was the more gregarious business man working in the office next door.
They became engaged within 3 months of dating and married after 6 months in 1993. Together they have 4 children.
Shortly after their marriage, the Bezos moved from New York to Seattle where Mackenzie encouraged Jeff to follow his passion of launching an online bookstore which they started from a garage in Seattle and which has since become the global giant Amazon.
Amazon began in 1994.
Despite the company being fronted by Jeff, Amazon was very much something of a joint venture from the outset with MacKenzie supporting Jeff throughout. Reports suggest she did the company accounts, helped brainstorm names for the company and even shipped the early orders through UPS.
In 1997 Jeff became a millionaire and is now reported to have a net worth of approximately $137 billion US dollars. He remains the largest single shareholder in Amazon with almost a 17% shareholding in the company.
So, what effect will the divorce have on this wealth?
The Washington state where the Bezos live is a community property state which means that any wealth which has been accumulated during the course of their marriage will be divided equally between them upon divorce.
Although a divorce in America is very different to the rules which apply to a divorce in England, this mirrors the English starting point for how financial disputes are resolved.
In England, when a couple divorce, the court has a duty to consider all the circumstances of the case with first consideration being the welfare of any child(ren) of the family under the age of 18.
The couple’s available financial resources are calculated and then divided with the starting point being that all assets accrued during a marriage (known as matrimonial assets) are divided equally.
Where an equal division of matrimonial assets adequately provides for the capital and income needs of each party and any children, this is the appropriate financial outcome.
Where the needs of the parties and any children cannot be met by an equal division, an unequal division of resources may be appropriate instead. In these cases, needs are likely to dictate how capital and income are divided.
So, if the Bezos lived in England it is likely that Jeff’s fortune would be classed as matrimonial property and split equally with MacKenzie.
Initial reports suggest that the couple who have been separated on a trial basis now for some time remain amicable with their Twitter announcement declaring that they “remain a family, and …. remain cherished friends” who “see wonderful futures ahead, as parents, friends, partners in ventures and projects, and as individuals purchasing ventures and adventures”. It is likely therefore that they have already reached a private and confidential agreement as to how their finances will be divided. This may even mean that MacKenzie will become a shareholder in Amazon in her own right and, if she receives half of Jeff’s shares in the company, this will then rank her above the present second largest shareholder in Amazon and give her much power and influence.
Whilst the Bezos remain on good terms this will mean that they remain highly powerful despite their no longer being married. Had matters not been quite so amicable however their divorce could have proved highly problematic, not least in terms of the future of Amazon.
Reports suggest the Bezos do not have a prenuptial agreement. If they had then this may very well have changed how their finances are divided and meant that there was not an equal division of their fortune. Particularly in a less amicable divorce, the existence of a prenuptial agreement may be invaluable not least in terms of the more favourable result it can achieve for a party upon divorce but also because of the time and legal fees it can save in avoiding what may otherwise have become fiercely contested court proceedings.
In England, prenuptial agreements, although still not strictly binding on the courts in the event of a divorce, are likely to be respected by the court provided the effect of the prenuptial agreement is fair.
Both parties would need to have set out freely and frankly their respective financial circumstances at the time the prenuptial agreement is prepared and have each taken separate and independent legal advice on the terms and effect of the prenuptial agreement. Assuming this has occurred, and the net effect of the prenuptial agreement is fair, it is highly likely the prenuptial agreement would be honoured.
In cases such as that of Jeff Bezos, where one party has a sizeable interest in a business which they want to preserve and protect going forwards, the time and expense of a prenuptial agreement can therefore be invaluable.
We are always striving at MMB Magazine to create credible and valuable networks amongst the professionals we are meeting on a daily basis across all sectors. We value strong networks and what they can do for each of us, but most of all we value your time and know if your taking time out to network and grow relationships you know MMB Private Lunch club is not a platform where your time is wasted. This is why our private lunches are invite only or member recommendation, if your interested to join us please contact us on firstname.lastname@example.org
FEBRUARY LUNCH – LOUD WOMEN
Date: Thursday 28th February 2019 Time: 12 noon to 2pm Location: Private dining – The Lost & Found Club (Leeds City Centre) Lunch: Two course lunch with a glass of wine and tea or coffee £50 plus VAT To Book: Email email@example.com for booking link.
Why do we still have an issue with loud women?
The term loud women has often been used against a women who speak out or as a derogatory term, to dismiss her view or to paint a picture of an obnoxious or difficult women you wouldn’t want to be sitting next to.
Is this because we are still not comfortable with women who speak up from a dinner table to a board table, or is it simply an approach that was needed in the 80’s & 90’s that needs to be left there?
As we head into 2019 do we still need to be seen as loud to be heard?Is there anything wrong with being “loud” as a women in business and in life?
“I admit it: I am louder than the average human being and I have no fear of speaking my mind. These traits don’t come from the colour of my skin, but from an unwavering belief in my own intelligence.” – Michelle Obama
Please not tickets are non refundable once booked. However we are more than happy to transfer to another attendee if pre agreed.
orange megaphone on orange background
The press report that there is a day in early January called ‘Divorce Day’. According to the press Lawyers eagerly await this day, like a post-Christmas treat, as it represents a spike in new enquiries from potential clients whose New Year’s Resolution is to get divorced.
A cursory glance at Twitter will quickly reveal that the vast majority of family lawyers are in fact shunning the notion of ‘divorce day’ by highlighting the fact that whilst January typically sees the number of divorce enquiries rise, as relationships that are already starting to show cracks break down with the added pressure and expense the festive season brings, people seeking to divorce rarely take the step into a solicitor’s office without a significant amount of soul searching. Even those who are ready to press ahead and start the divorce process have usually had extensive advice, from family, friends and professionals before embarking upon the process.
Taking the first important step to make an enquiry and attend an appointment is just that; the first step of many. Divorces are rarely issued on the day of the first appointment with a family lawyer. At a first appointment a family lawyer should always encourage you to consider whether the marriage is actually at an end. For some this is a decision which has already been made but this certainly it is not always the case. For those who have already satisfied themselves that the marriage cannot be saved, a family lawyer will advise that it is rarely a helpful approach to simply send off the divorce papers without further ado. Whilst there will always be some exceptional circumstances that require that divorce proceedings are issued urgently; for example due to jurisdictional disputes or very poor health, the majority of divorces will benefit from a more measured approach.
For couples who have children or financial affairs to deal with there is a huge focus on trying to reach an agreement without going to Court. Again, this is not always possible but it will certainly be more difficult to achieve a negotiated agreement if the party who starts the divorce process does so in a knee jerk manner. The tone of the first interaction with your spouse can set the tone of the whole process.
The reality for most couples is that the divorce is the most straightforward element of their separation. The divorce process is broadly the same for every single divorce in England and Wales and, subject to regional Court delays, usually takes 4-6 months. We have created a factsheet that outlines the grounds for divorce and the process which you may find useful – Divorce – The Process & The Grounds.
From a legal perspective, the main variation relates to the manner in which the irretrievable breakdown of the marriage is evidenced, rather than any difference in the process.
Many people are keen to avoid slinging mud and making allegations about the others behaviour. Unfortunately, for most this is the only way to proceed as, having reached the decision that the marriage is at an end, the prospect of a two year wait to start proceeding simply to avoid making allegations about the other person’s behaviour is untenable.
If a divorce is to proceed by making allegations about behaviour it is good practice to try to agree the allegations which are to be made, either through solicitors or directly by the couple. Some couples have been known to sit down together and prepare the allegations that one is to make about the other. The rationale for trying to agree the allegations which are to be made is that it can help to smooth the way for discussions in relation to children or the division of matrimonial assets or at the very least reduce some of the hostility.
The post-Christmas return to work signals an increase in enquiries for many industries, including family lawyers and presumably gyms or personal trainers who can support those whose resolutions focus on getting fit. As with all first enquiries, a first meeting or even a first workout at the gym does not automatically equate to the start of divorce proceedings or meeting one’s resolution to ‘get fit’. Whilst it may be agreed that there is an increase in enquiries there remains a strong feeling amongst family lawyers that divorce day is a myth which is harmful and indeed distasteful to perpetuate.
At KBL Solicitors LLP our family law specialists have many years’ experience in all aspects of divorce and family law. You can be assured of confidential, professional and personal advice on all matters relating to you and your family.
MMB Reader Offer: If you are considering separating contact Solicitor, Ceri Thomas today for your free no obligation consultation on 01204 527777.
“For lawyers, alternatives to the traditional law firm can offer a more varied case load. ”
By Kirstie Penk – Of The Legal Director
If you’ve taken a break from your legal career in order to raise kids, you might be thinking that a return to work will involve joining a law firm.
Perhaps the very firm that you left, or possibly another: let’s face it, it’s a tough job market out there.
In which case, I have a confession to share with you.
I too am a lawyer. I too have kids. And I too appreciate the flexibility of family-friendly employment.
But the last time I worked inside a traditional law firm was in 1994.
How come? Basically, it’s been my experience that there’s more interesting work—and more enjoyable work—outside law firms, than inside law firms.
When I left that law firm back in 1994, it was after spending six months, just after I’d qualified, working in the commercial property practice of a 40-partner firm. Already, I could see myself becoming pigeon-holed into becoming a property lawyer and that idea filled me with dread.
So I took a job with a NASDAQ-listed American computer networking company, working as its sole in-house lawyer in Europe.
I helped to set up a manufacturing plant in Ireland. I helped to acquire another NASDAQ-listed business, based in Israel. I was running the company secretary and intragroup structure for 36 subsidiary companies all over the world.
And for six months, I spent Tuesday to Friday of every week in New York, helping to spin-out part of the business, and float it separately on NASDAQ.
Later when we spun out another part of the business, the company retained a 10% stake in the wireless part of the business, with two board seats—one of which fell to me.
Life was interesting. Very interesting. And a lot more interesting than commercial property. Plus, I was learning a lot.
Do you remember the dotcom crash? I do: the business went into receivership, and—together with four colleagues—I bought a piece of what was left, in a management buyout, running it for a further four years.
Again, it was an interesting—and educational—experience.
In 2006 we put the business I owned into liquidation and following the birth of my first child in 2006, and my husband and I decided to relocate back to Yorkshire. 2 years later, my second child arrived, and after 18 months I was ready to return to the world of work.
But I didn’t want to work the kind of hours that I’d worked before. I didn’t want the same crazy amount of travelling. I wanted to work part-time. I didn’t want a boring role in a law firm, and nor did I want to work in-house where the only part-time role I would get would be working in a large legal team pushing bits of paper around.
So I joined The Legal Director, which was just starting up. We’re a firm providing corporate clients with their own part-time general counsel, or legal director.
Typically, our lawyers will work for a client for between one and six days a month—perhaps on-site at the client, perhaps from home. Many of our lawyers—the majority, in fact—are women.
Today, I’m a director and a shareholder. Together with my colleagues Ed Simpson, who is in London, and James Mallender, who is in Bristol, we manage a team of 29 lawyers nationwide.
What do they do for their clients? Just about anything: the businesses in question are generally in the £5m–50m range, so as their clients’ sole and senior legal adviser, our lawyers are expected to deal with a wide variety of legal work—general commercial or IP matters, employment and compliance issues, and so on.
It’s interesting work. It’s family-friendly, too. And as we grow—and we’re on track to grow our revenues by 50% this year—we’re always keen to hear from lawyers who might like to join the team.
The Importance of Business Protection
Protecting your business from the impact of death or serious illness of a Key Person
By Victoria Hicks – PCWM
Like many MMB readers, I appreciate the sacrifice, dedication and hard work that goes into running your own business. I also know the benefits that this can bring, whether its financial freedom, flexibility, creating a legacy or making a difference.
But as you sit down for your next board meeting to discuss your business plans, I want you to think carefully about what is often the biggest risk to a business, but remains largely overlooked; the death or serious ill health of one of the owners or key members of staff.
The UK economy is made up of small businesses, with over 5.5 million private sector businesses in operation at the start of 2016, 95.6% of which had fewer than 10 employees. (Department for Business, energy and Industrial Strategy).
At about the same time, Legal and General carried out a survey of over 500 business and found that 95% have at least one key individual within the firm who is directly accountable to some or all of the profitability, but the majority of them had no protection in place for the death or serious illness of that individual. Of those surveyed almost 53% expected their businesses to cease trading within a year if that occurred!
These figures are shocking but unfortunately not surprising, as for many its not a lack of willing to put these insurances in place, but a lack of understanding that these insurances are relevant or awareness that these insurances are available.
Here at MMB Magazine, we want to provide you with the information to improve awareness, protect your business and safeguard your future.
What is Business Protection?
Business protection can help a business to continue to trade if an owner or person key to the business dies or becomes terminally or critically ill. Proceeds from an insurance policy can help to replace a key person, clear debt, or purchase shares from the deceased shareholder or partners estate.
For many, the assumption is that this could be a lengthy or complicated process, or it may be too expensive, especially for those companies just starting up, but this does not have to be the case. There are a range of options available, and highlighting your risks, and understanding the costs involved to insure against these risks, will allow you to make the best decisions for your business.
Let’s run through some of the popular business protection options available.
Key Person Protection
If a business loses a key person who has a significant influence on revenue, this policy provides a cash injection into the business which
can help with the following:
• Replacing lost profits during a period of disruption
• Recruiting and training new staff members
• Providing the funds to pay sick pay if the claim is related to a critical illness
The insurance contract is owned by the company with the claim proceeds being paid directly to the company. Costs will vary and are dependent on the age and health of the person being insured, the amount and type of cover required and the term of the cover.
Working with an adviser, you will be able to obtain a range of quotes covering different scenarios to understand the best option for your business.
Shareholder or Partner Protection
Losing an owner can have a huge impact on a small business. As well as the day-to-day issues, there can quickly be financial difficulties, and conflicts between the family of the deceased and the remaining shareholders or partners.
If a partner or a shareholder dies or is diagnosed with a critical illness, would the remaining shareholders and partners have the funds available to pay the deceased estate for those shares or pay the shareholder partner for the value of their shares if diagnosed with a serious illness?
The proceeds from a Shareholder or Partner Protection policy can help the remaining owners buy the affected individuals share of the business. Without this protection, the remaining owners could lose control of the business, or have to raise finance which may be expensive, or not possible.
There are different ways to set this style of arrangement up, and it is important to initially speak with a financial adviser who will provide a range of quotes and options. The adviser should also highlight where taxation and legal advice may be required to ensure these types of arrangements are set up appropriately and tax efficiently.
The Legal and General Survey of 2016 found that 65% of businesses had some form of debt, with the average being £176,000. If your company has debt, whether this is a mortgage, a business loan, or most commonly a directors loan, the loss of a key person in a business, especially where this person has guaranteed a loan, or is owed the money personally (directors loan account for example) can be very serious.
The following should be considered:
• Would investors or creditors call in their debts if they are no longer confident the business can keep on top of them?
• If a personal investor or owner dies and money is owed to them, their estate will recall this debt on death. Do you have the money available to repay this debt?
Understanding the value of your business debts, the risk of death to the repayment of these debts, and implementing an insurance contract to provide the business with the proceeds on claim, could make all the difference to your business being able to continue in this unfortunate scenario.
My Top Tips
Speak to a financial adviser with experience in this area. Most will offer a free consultation, at which point any advice costs should be clearly disclosed. You may be able to pay a fee for the advice, or your adviser may receive a commission from the premium you pay to the insurer.
Take the time to understand where the risk of death or serious illness of a key person could impact on your business. Think about profitability, training and recruitment, the ability to repay debt and paying a deceased shareholders/partners estate for their share of a business.
Regularly review your insurances as your business changes in value or shareholding, or you appoint new key members of staff.
For a free consultation to discuss your business protection needs, you can contact me on 01430 422655 or firstname.lastname@example.org.
How To Get A New Career in PR
5 top tips for gaining experience in PR
By Katie Mallinson – Scriba PR
If you’re thinking about changing your career after maternity leave or having children, what about PR?
The number of people who haven’t got a clue what it entails, is astounding. And then there are those who don’t even know it exists!
It may not even be mentioned to excellent communicators and writers in the final stages of education as a potential career choice, and too many of them will think – or be led to believe – that a love of writing is suited to journalism.
And although not incorrect, that certainly isn’t the only profession out there for those ‘word nerds’ among us!
Essentially, communications is just another word for PR. The world of public relations involves a broad spectrum of media-based activities, ranging from writing press releases and attending client meetings, through to regular posting on social media channels. It really is a varied, fast-paced and interesting choice of profession.
And whether you are dead-set on a career in PR, or you would just like to dip your toe in the water and decide if it’s for you, the best place to start is by gaining experience. This process is invaluable, so if you’re keen to know more, here are some top tips to help you…
Get work experience
Although this won’t be simple, it’s a sure-fire way to establish whether this is the path you wish to take, and will also be a great addition to your CV.
If you can’t strike it lucky at a PR agency, then try other word-based professions where you can get a feel for the media world, such as volunteering at the local paper – it all helps.
Update your CV
Your CV is the first impression you will give to an employer (and you don’t want it to be the last!)
As well as helping you gain experience in your field of choice, you can really show off your writing skills and sell yourself to the reader.
Crafting a great CV could be the difference between getting your foot in the door of PR or not – plus it will help you to perfect those all-important writing skills just mentioned!
Embrace the world of words
Most job titles within the PR industry are suited to the great writers among us. Even if you don’t produce the press releases and features, you will very likely be tasked with proofing work for your colleagues at some stage, so having a strong grasp of spelling and grammar is essential.
Reading is therefore a great pastime to take up, if you don’t already. Everything from books and newspapers, to industry articles will help.
For the aspiring writer, put pen to paper and practice your skills. You could even begin by drafting a regular blog – a place where many people start out. Other suggestions include contributing to the local newspaper of your educational establishment, if possible.
Continue to learn
There is no such thing as knowing everything – and this is the case whatever industry you choose to work in. Training and development opportunities – both in terms of professional and personal growth – exist at every turn, and any agency worth it’s salt will tell you that you should continue to learn at every opportunity.
So, if you do decide a career in communications is the one for you, tailor your choice of university or college course to the end game, or failing that, pick a course where you can enjoy a placement year or maybe consider doing a writing/PR course on the side.
Become a social butterfly
When it comes to selling yourself to potential employers through social media, steer clear of Facebook. LinkedIn and Twitter are where you need to focus any time on your professional profiles.
And although it’s not a good idea to add the owner of every PR agency you find within a 10-mile radius, making the right connections can prove vital.
The most important thing is to maintain active on these networks, including the following/connecting with relevant people, sharing of your opinion on relevant news and keeping up to date with the world of PR.
But as with any social media platforms, always be careful of who you start a conversation with!
Overall, it may seem a daunting task to take those first steps into the world of PR, but start small, stick with it, and if you’re willing to volunteer for opportunities which will ramp up your CV, then you’ve got the right mindset!
Why grandparents may deserve better rights to see their grandchildren
By Vanessa Fox – Keebles
Parliament is now considering a change in the law – which would give better rights to grandparents to see their grandchildren and it seems this will finally get the green light.
The government is examining rules which might facilitate grandparents to maintain contact with their granddaughters and grandsons when their parents separate and divorce.
The role of grandparents has taken on an unprecedented importance in modern day life. With many parents struggling to juggle work and family life, grandparents can be full time carers offering spiritual, financial and morale support and passing on their decades of worldly wisdom.
Instrumental in a crisis, grandparents also provide advice on parenting matters and are frequently invited on family holidays.
In my experience, the distress that grandparents suffer when parents split up and contact with their grandchildren at times grinds to a halt is akin to a bereavement from which some never recover.
The current system requires grandparents seeking to reconnect with their grandchildren to apply to court to obtain leave to pursue a child arrangement order, to enable them to see their grandchildren.
This can be successful in cases where grandparents live with their grandchildren and are their main carers but is often hard to achieve when parents are the primary carers and do not deem it appropriate to allow access following their changed circumstances.
Since 2014, applications made by grandparents for child arrangements orders have soared by 20 per cent. It is also believed that up to a million grandchildren are separated from their grandparents following family separation or bereavement.
A change in the law might mean that grandparents would not need a child arrangement order. This change might give more grandchildren a right to a closer relationship with extended family members such as grandparents, aunts and uncles.
It would also acknowledge grandparents’ significant contribution and enhance and enrich both their own and their grandchildren’s lives.
MMB READER OFFER – For a chance to discuss any issues over a 1 hour free consultation please email me on email@example.com
Take positive action for mental health in 2019
Did you know that the cost of mental health to the UK economy last year was £34.9 billion?
Having a greater understanding around mental health can help YOU and YOUR BUSINESS to thrive in 2019 through early identification of triggers and knowing how to support your team more effectively.
So TAKE ACTION and join our two day Mental Health First Aider Course, you’ll leave with MHFA certification as well as an in-depth understanding around mental health, practical skills that you can implement immediately to make a difference and enhanced interpersonal skills.
Make the change for 2019 and find out more about the course on Monday 14th and Tuesday 15th January.