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    World class phone systems to help increase productivity.

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    Large portfolio of services to help manage your spend.

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Monday 31 August 2020

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It’s Monday! How are you starting your story this week? Drop a sentence below! #Monday #lifestory #goodweek

Friday 28 August 2020

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Let the weekend begin! Happy Friday! What fun plans do you have? Drop a comment! #weekend #happyfriday #starttheparty

Thursday 27 August 2020

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Great content is the foundation of any solid marketing strategy. Our writers and brand engagement specialists finely craft social media posts to boost engagement and help users connect with your brand. Learn more at https://adodo.co.uk #socialmarketingstrategy #socialcontent

Wednesday 26 August 2020

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Email absolutely should be part of your digital marketing campaign. If you're the one crafting those emails, then you'll want to keep these tips in mind! Don't have time for email, social, or digital marketing in general? Talk to Adodo Consultancy Services Limited today about your options.

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'The rich are different from you and me,' F. Scott Fitzgerald famously said. Apparently they're different from one another, as well.

March 1, 2019 5 min read

Opinions expressed by Entrepreneur contributors are their own.

To the average person, "millionaire" and "billionaire" sound similar; they're both people with money, right? And, indeed, both have access to far more wealth than the average citizen, and neither may have to worry about money ever again.

Related: 6 Money Tips From Self-Made Billionaires

Furthermore, because entrepreneurship is often the route to wealth accumulation, both may have earned their way to riches the same way. Yet while their monikers "millionaire" and "billionaire" sound the same, there are in fact significant differences between the two. 

For starters, the difference between a million versus a billion dollars is immense. To put it in context, consider that one million seconds amount to 11.5 days, while one billion total 31.5 years!. A billionaire could give his or her wealth away and make 1,000 new millionaires overnight.

Further, there are 2,200 billionaires on the planet, according to a CNBC report; and while some of these wealthy elite gained their status from a family inheritance, many of the top-ranked billionaires are entirely self-made through entrepreneurial endeavors. So, what separates these hyper-successful entrepreneurs from millionaires, who are also considered successful?

The billionaire factors

These are some of the most important factors distinguishing billionaires from millionaires:

1. Goals and commitment

First, it's important to consider the billionaire’s goals and commitments. Very few people become one accidentally; instead, billionaires tend to relentlessly pursue wealth, and refuse to compromise to achieve it. Consider the entrepreneur who grows an innovative tech startup for a few years, then gets an acquisition offer from a major tech company for, say, $15 million. 

This isn’t exactly rare; Alphabet makes a dozen or more such acquisitions every year. A “typical” entrepreneur might cash out and take the $15 million as a personal victory (and early retirement). A billionaire, however, setting his or her sights higher or living out a commitment to the business's core idea, might reject the $15 million in hopes of obtaining something better, or growing the business further.

Related: Billionaires Like Warren Buffett, Jeff Bezos and Mark Cuban Live by Ancient Stoic Philosophy

Though these rejections don’t always pan out, you can’t become a billionaire by settling to be (just) a millionaire.

2. Scale 

What should also be considered is the scale on which billionaires operate. If we consider profit as a product of both efficiency and impact, then the more locations your business reaches, the more money you’re going to make. Owning a chain of restaurants in one state might make you a millionaire, but you’ll need to change the world on an international scale if you want to be a billionaire.

3. Repetition 

Billionaires rarely make their riches by starting just one business. In some cases, they experience a crushing failure and apply the lessons learned from that failure to future endeavors (see: Bill Gates’s Traf-o-Data). In other cases, they settle for selling a company for a few million dollars, only to roll those funds into bigger, better startup ideas (see: Elon Musk’s path through Zip2, Compaq and X.com).

They’re not only willing but eager to repeat the entrepreneurial process over and over again to achieve success.

4. Budget and self-control

There’s a reason why so many lottery winners end up losing everything. It’s because poor financial habits and decisions end up bankrupting them no matter how much money they start with (conversely, good financial habits and financial decisions can put you ahead even with a modest income).

Billionaires -- when they first reach millionaire status -- tend to avoid spending lavishly or wasting their money, which makes it easier to grow their wealth even more and retain what they’ve acquired. Some even take this practice to an extreme: Warren Buffett, for example, still lives in the Omaha, Neb., house he bought for just $30,000 in 1958.

5. Passion

You don’t become a billionaire by just "getting the job done." That level of wealth requires you to constantly come up with new ideas; adapt and refine your ideas when challenged; and put in long, hard hours throughout the entire process. While plenty of millionaires can certainly be described as passionate, their level of passion often pales in comparison to that of billionaires (think: Richard Branson, Bill Gates, Jeff Bezos, Oprah Winfrey, Meg Whitman).

Passion was always a big motivator for people like these, and kept them moving forward even after their initial success.

Related: 7 Real-Life Business Lessons You Can Learn From Billionaires

Is luck a factor?

Is luck a factor in the success of a billionaire versus a millionaire? This is a hard question to answer, and one that’s been examined in at least one scientific study. Luck is objectively hard to measure, because virtually any positive or negative development for a business might be considered good or bad luck. For example, if you beat an unknown competitor to market by just a few days, is that considered mere luck or the outcome of your tenacity?

While luck is almost certainly a factor (depending on how you define it), it isn’t the only factor, nor is it the most significant. A simple stroke of luck isn’t enough to justify a thousand-fold increase in the monetary success thousands of entrepreneurs enjoy; rather, that success is a product of these fortunate individuals' different mindsets and practices.

Tuesday 25 August 2020

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“It is hard to fail, but it is worse never to have tried to succeed.” – Theodore Roosevelt

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Workers who sign gagging orders in return for pay-offs from their firms will still be able to report wrongdoing to the police under new proposals.

The government has said it will bring in legal measures to protect workers from the misuse of non-disclosure agreements (NDAs).

It wants to enshrine in law that people cannot be prevented from reporting crimes, harassment or discrimination.

Topshop boss Sir Philip Green has been at the centre of controversy over NDAs.

It emerged in October last year that the businessman had used them to buy the silence of at least five members of staff who accused him of sexual and racial harassment.

Last month, Sir Philip abandoned legal action against the Daily Telegraph newspaper, which had first reported the allegations against him.

The government's measures, announced by Business Minister Kelly Tolhurst, also include extending the law to ensure that workers agreeing to NDAs receive independent advice on their limitations.

"Many businesses use Non-Disclosure Agreements and other confidentiality agreements for legitimate business reasons, such as to protect confidential information," said Ms Tolhurst.

"What is completely unacceptable is the misuse of these agreements to silence victims, and there is increasing evidence that this is becoming more widespread.

"Our new proposals will help to tackle this problem by making it clear in law that victims cannot be prevented from speaking to the police or reporting a crime and clarifying their rights."

Monday 24 August 2020

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Happy Monday! ...Or did you forget? How do you keep track of your week? Comment below! #happymonday #wonderfulweek #schedule

Sunday 23 August 2020

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Social media validates your business in a way your website simply can’t do alone. At Adodo Consultancy Services Limited, we keep up with rapid changes in social media, factoring in how customers use social platforms and how businesses can best capitalize on the reach of these programs. https://adodo.co.uk #socialmediamarketing #socialmedia

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You can't control everything that happens during the day but you can control how it begins.

March 4, 2019 8 min read

Opinions expressed by Entrepreneur contributors are their own.

Everyone approaches their morning differently. Some people wake up excited to start their day. Others like to ease into their day more gradually. No matter how you like to start your morning, there are things you can do to ensure every day gets off to a great start.

A good morning routine will help you feel relaxed, alert and energized. Starting your morning on the right foot means creating a feeling of happiness that you can carry with you all day long. Your morning routine should include not only getting ready, but also making space for feeling joy and feeling mentally and physically prepared to take on whatever the world has in store for you.

Start your day off the right way with these 9 habits that happy people use to get their morning going. (Hint: It’s not about gulping coffee and running out the door.)

1. Get enough sleep.

An exhausted person isn’t a happy person. Nothing will kill your happiness faster than waking up tired and grumpy. If you aren’t getting enough sleep at night, you’re probably starting your day drained and irritated. It’s hard to have a positive outlook when all you want to do is crawl back into bed.

A good night’s sleep is like a magical elixir for your physical health, and is key to your overall sense of happiness and well-being. Research has shown that sleep is one of the most effective ways to improve concentration, strengthen the immune system and improve a person’s mood and feeling of well-being.

However, not getting enough sleep impairs memory and increases levels of stress hormones. So, the first step to creating a happy, cheerful morning is ensuring you get enough quality sleep the night before. Set a sleep schedule for yourself and stick to it -- your happiness may depend on it.

Related: Too Much Sleep Can Kill You, Scientists Say

2. A new day, a new start.

Happy people begin each day anew. They wake up with the mindset that each day is a new beginning -- a chance to move forward and not let past failures weigh them down. Yesterday may have been a rotten day, but that doesn’t mean today has to be.

Happy people start their day with an affirmation. They declare from the outset how they want their day to go. A positive morning affirmation can be a powerful way to start your day feeling confident and ready for success. Examples include:

  • I have the knowledge to make smart decisions for myself.
  • I am, and always will be, enough.
  • I let go of any negative feelings about myself or my life and accept all that is good.
  • I am courageous. I am willing to act and face my fears.

3. Wake up grateful.

Waking up with a feeling of gratitude ensures you start your day in good spirits. A thankful heart is a happy heart. Gratitude is powerful because it’s both a feeling and an action. Actively thinking about things you’re grateful for, in turn, makes you feel grateful. It’s a positive thought loop that’s easy to practice and has beneficial effects on your physical and mental health.

You can wake up feeling grateful by simply taking a moment when you first open your eyes to look about and feel a swell of appreciation for everything around you. Recognize how wonderful this moment is, and how good it feels to be here. Today is a gift, and you can do with it what you will. You can choose to make the most of it. You can choose happiness. Take a moment to acknowledge all you have and see the possibilities of the day before you.

4. Keep a manageable morning routine.

Happy people don’t frantically tear around trying to get ready at breakneck speed and then rush out the door, already late for their first meeting or appointment of the day. Doing this will set you up for feeling stressed out and harried all day long. Starting the day with a contented and peaceful attitude requires you to have time to wake up properly and to get ready at a calm and measured pace.

Happy people tend to keep their routine simple and manageable. A complex routine is hard to stick to and can leave you feeling anxious and exasperated first thing in the morning. Cut out multitasking and reject unneeded distractions, like checking and returning email while trying to get ready. Do one thing at a time. Keep your morning uncomplicated and as stress-free as possible so you’ll set yourself up to be in a good mood all day long.

Related: The 10-Minute Morning Routine That Will Clear Your Mind

5. Meditate

Daily meditation, whether it’s a quick five-minute practice or a lengthier session, can help create a contented and happy mind. Spending time meditating each morning improves focus, increases self-esteem and confidence, and quiets the cacophony of mental angst and turbulence we are constantly contending with. You can meditate at any time of day, but it’s best to do it in the morning so you’re sure to get it in, and so you can benefit from its effects throughout the day.

To begin the practice of meditation, start by sitting quietly in a comfortable position or in a chair for two minutes every morning. This is a chance for you to check in with how you're feeling, both in your mind and body. Be focused on the moment. Turn your attention to your breaths or do a body scan, focusing on one body part at a time. Recognize your thoughts and feelings, and maintain a loving attitude toward yourself. Meditation is a chance to get to know yourself and be aware of each moment you are in.

Related: 7 Proven Ways Meditating Prepares You for Success

6. Start your day with exercise.

Before you dive into a long day of work, make sure you take time to get some exercise in. Some people find that fresh air first thing in the morning brightens their mood all day. Try a brisk walk, a run around the block or a trip to the gym. Other people may prefer to start their day with a home workout, such as stretching or yoga.

Morning exercise gets your blood flowing and gives you a boost of energy for the day. Exercise also releases feel-good brain chemicals like serotonin, dopamine and norepinephrine. These may buffer feelings of stress and anxiety, and help relieve symptoms of depression. Research has shown that working out improves how we feel about our bodies and gives us a sense of well-being.

7. Make your bed.

It may sound silly, but beginning your day by making your bed can set you up for feeling ready to take on the world. According to one survey of 2,000 Americans, bed makers tend to be adventurous, confident and sociable. People who don’t make their beds tend to be shy, moody and sarcastic.

Many successful people recommend making your bed as a simple way to start the day off on the right foot. For example, Tim Ferriss has said that the simple act of bed making teaches us that it’s the little things in life that matter.

US Navy SEAL commander Admiral William H. McRaven gave a now-famous commencement speech at the University of Texas in which he said that making your bed is so powerful because it gives you a feeling of accomplishment first thing in the morning. It encourages you to take on even more tasks and motivates you to get more done in life.

8. Nourish your body.

You’ve heard that breakfast is the most important meal of the day, and it’s true. Eating breakfast jump-starts your metabolism and gets your body and mind prepped for a busy day. Research has found that breakfast eaters have better diets and consume more fruit and vegetables than those who don’t eat breakfast.

But just as important, a nourished body leads to an improved mood. Eating breakfast also sends a positive message to yourself that you are taking care of your health and well-being. You’ll find you can concentrate better if you start the day with a healthy meal. You’ll be less likely to feel fatigued and get that “hangry” feeling mid-morning, which leads to overeating at lunch. The best breakfasts pair carbs with proteins to get your body fueled and ready to go.

9. Set goals for the day.

Happy people often have a sense of purpose. They aren’t wandering aimlessly through life; they work each day to make progress and accomplish their tasks. It feels satisfying to have set priorities for yourself and strive to meet milestones. Happy people make sure they begin their day by setting goals for themselves. What do you want to accomplish today? What is the most efficient and effective use of your time?

Make it a point to spend a few minutes each morning determining what you want to do that day. Be sure to think through your to-do list carefully -- often we spend too much time on things that aren’t really important. Focus on what matters and make sure you’re scheduling downtime. After all, the secret to lasting happiness is finding ways to enjoy each day in its entirety.

Friday 21 August 2020

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How was your week? Fun story to share? Comment below! Happy Friday! #amazingweek #storytime #happyfriday

Thursday 20 August 2020

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“Only put off until tomorrow what you are willing to die having left undone.”– Pablo Picasso

Wednesday 19 August 2020

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To find success as an entrepreneur, it is very important to give yourself milestones to reach.

March 4, 2019 1 min read

Here are three ways to set goals that get you where you want to be.

  1. Be specific. You have a much better chance of succeeding if you know what your exact goal is. “Raising capital” isn’t a specific goal, but “Raise $10,000 by July 1” is.

  2. Be realistic. If you set a goal to make $100,000 in a month even though you haven’t earned that much in a year, that’s going to be tough. Begin with small steps like increasing your income by 25 percent. Once you hit that, you can reach for larger goals.

  3. Set short and long-term goals. Short-term goals help define where you want to be next week, next month, even next year. Long-term goals can be 5, 10 or 20 years in the future. These are the big ones, the big prize that keeps the fire burning as you grind it out today.

These tips and many more come from Start Your Own Business. Check it out and other great resources at the Entrepreneur Bookstore.

Monday 17 August 2020

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It might be Monday, but start the day with a smile and the rest will follow! Spread the joy! Let's see your Monday morning smiles or something that MADE you smile in the comments below! #Monday #smile #behappy

Saturday 15 August 2020

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Some car buyers are being overcharged by more than £1,000 when they take out a loan to buy a car, the UK's financial watchdog has warned.

The Financial Conduct Authority (FCA) said the industry practice of allowing dealers to set their own interest rates was costing consumers £300m a year.

Dealers overcharge to boost their commission, the FCA concluded.

But the Finance and Leasing Association said the watchdog's survey was "based largely on out-of-date information".

Conflicts of interest

The regulator launched its investigation into the car finance market in April 2017 after there was a rapid surge in consumer credit led by car dealership finance.

At the time, it said it was concerned about a lack of transparency and potential conflicts of interest.

In its final findings on motor finance, the FCA concluded that the widespread use of commission models, which allow brokers discretion to set the customer's interest rate and thus earn higher commission, can lead to conflicts of interest that are not controlled adequately by lenders.

It said the practice can lead to customers paying significantly more for their motor finance.

Jonathan Davidson of the FCA said: "We found that some motor dealers are overcharging unsuspecting customers over a thousand pounds in interest charges in order to obtain bigger commission payouts for themselves.

"We also have concerns that firms may be failing to meet their existing obligations in relation to pre-contract disclosure and explanations, and affordability assessments.

"This is simply not good enough and we expect firms to review their operations to address our concerns."

Problem finance?

Four-fifths of new car finance deals are now what are known as Personal Contract Purchase, or PCP.

Instead of buying a car outright, a PCP allows consumers to rent a car over a three or four-year period.

At the end of the period consumers can buy the car for its residual value (known as a "balloon" payment), hand the car back, or roll over the residual value into a new PCP on a new vehicle.

But problems have arisen because lenders have allowed brokers to set interest rates on the PCP agreements.

The FCA estimated that on a typical motor finance agreement of £10,000, higher broker commission can result in the customer paying around £1,100 more in interest charges over a four-year term of an agreement.

'Considerable progress'

The FCA said it was assessing the options for intervening in the market.

Options include strengthening existing rules or other steps such as banning certain types of commission model or limiting broker discretion.

In the meantime, the regulator said it would deal with individual firms where problems were identified, but it expects all lenders and brokers to review the way they do business to make sure they comply with the law and treat customers fairly.

The Finance and Leasing Association (FLA), a UK trade body for asset finance, consumer finance and motor finance, said that the FCA's survey work was "based largely on out-of-date information, and therefore does not reflect the very considerable progress the market has already made in moving away from such structures".

The FCA analysed contracts between lenders and dealers from 2013 to 2016 and examined lenders' data from January 2017 to July 2018.

The FLA added: "We look forward to working with the FCA as it modernises its regulations in line with market best practice."

Friday 14 August 2020

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Good morning! You guessed it! It’s the day you’ve been waiting for! It’s FRIDAY! Who are you spending this weekend with? #goodmorning #friday #weekend

Thursday 13 August 2020

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Are you part of the 49% of businesses who say they are doing digital marketing but have no defined strategy? If so, you're in luck because Adodo Consultancy Services Limited offers free digital marketing consultations for small-medium businesses!

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A £1.6bn government fund has been launched to boost less well-off towns in England after Brexit.

The pot is split into £1bn, divided in England using a needs-based formula, and £600m communities can bid for.

More than half of the money, to be spread over seven years, will go to the north of England and the Midlands.

Labour called it a bribe to influence MPs to back the PM's Brexit deal and critics say it does not cover cuts to local authority funding.

The Department of Housing, Communities and Local Government said there will be additional announcements "in due course" for Wales, Scotland and Northern Ireland.

In January, MPs rejected the withdrawal deal Theresa May has reached with the EU by 230 votes - the biggest defeat for a sitting government in history.

To win another vote, which Mrs May has promised will be on or before 12 March, she could find herself relying on the votes of Labour MPs from Leave-voting parts of the country.

John Mann, MP for Bassetlaw, a former coal mining area in Nottinghamshire, told the PM last month to "show us the money" with "transformative investment" in areas that voted to leave.

The Labour MP, who backed Mrs May's Brexit deal at the first vote, denied it amounted to "transactional politics".

But John McDonnell, Labour's shadow chancellor, said the fund "smacks of desperation from a government reduced to bribing MPs to vote for their damaging flagship Brexit legislation".

The BBC's assistant political editor Norman Smith said the money will be targeted on coastal communities, market towns, and de-industrialised towns, which meets the demands of some Labour MPs, who say regeneration funding tends to go to big cities.

The funding will go to specific projects like a new university campus or railway station, our correspondent added.

'Drop in the ocean'

Dismissing the claim that the funding aimed to entice Labour MPs, Housing and Communities Secretary James Brokenshire insisted the cash would be made available even if the withdrawal agreement was rejected and denied the funding was a bribe.

He told BBC Radio 4's Today programme: "This funding is there regardless of the outcome, but obviously we want to see a deal happening, we believe that is what is in the best interests of our country."

He said the money would "supplement the work of councils" and could be "transformative" and was there "to see that towns grow".

However, Labour MP Alex Sobel, of the cross-party People's Vote campaign, which wants a new referendum on Brexit, said it was "a drop in the ocean" compared with the cost of leaving the EU.

He said the annual loss to local economies would be more than enough to wipe out any potential return from this scheme.

Labour's Ruth Smeeth, the MP for Leave-supporting Stoke-on-Trent, described the amount of money as "extraordinarily pathetic".

Speaking on BBC Radio 4's Westminster Hour programme, she said: "If you're talking about national renewal, this is less money than is being taken out of my economy by the introduction of [new welfare system] universal credit over the next four years."

Labour and Stoke-on-Trent Central MP Gareth Snell said the announcement was a "huge disappointment", tweeting: "The entire allocation for the West Midlands over four years is less than the total value of cuts faced by Stoke-on-Trent City Council alone over the same period."

Anna Turley, Labour MP for Redcar, has described the funding as "a shameless little bung."

She told BBC Radio 5 Live that £90m had been lost from her local council over nine years of austerity and the money was "bobbins" and was "shameless and embarrassing".

And Labour's Rhondda MP Chris Bryant tweeted: "And not a penny for Wales. The trouble with bribes is they embody injustice."

But the prime minister insisted: "Communities across the country voted for Brexit as an expression of their desire to see change - that must be a change for the better, with more opportunity and greater control.

"These towns have a glorious heritage, huge potential and, with the right help, a bright future ahead of them."

She said prosperity had been "unfairly spread" for "too long".

Analysis: Is May buying votes?

By BBC political correspondent Iain Watson

A month ago John Mann - who voted to leave the EU - told the BBC there was a "good dialogue" going on with the government.

And he was hopeful Mrs May would come back with "something significant" for his, and other, areas outside London.

He and a group of Labour MPs from Leave areas were demanding the protection of employment rights after Brexit - and assurances poorer areas wouldn't lose out when EU regional funding ended.

The cash on offer from the government is equivalent to less than 2% of English local authority spending.

Theresa May says she is simply making good a promise she made in her first speech as prime minister to help "ordinary working class families".

But the Labour leadership see this as a "bribe" to tempt some of their own MPs to break ranks and back Mrs May's deal.

The former Conservative, now Independent, MP Anna Soubry claims it's an attempt to buy votes.

But the government insists the true beneficiaries will be residents of coastal and industrial communities who feel left behind.

The £1.6bn Stronger Towns Fund will be broken down into £600m, which communities in any part of England can bid for, and £1bn allocated using a needs-based formula to the following areas:

  • North-west England: £281m
  • North-east England: £105m
  • Yorkshire and the Humber: £197m
  • West Midlands: £212m
  • East Midlands: £110m
  • South-west England: £33m
  • South-east England: £37m
  • East England: £25m

"The formula allocations are based on a combination of productivity, income, skills, deprivation metrics and proportion of the population living in towns," a department spokesperson said.

"This targets funding at those places with economies that are performing relatively less well to the England average."

London is not included in the list, but towns within Greater London can bid for a share of the £600m pot, the department spokesperson added.

The government said communities would be able to draw up job-boosting plans for their town, with the support and advice of their Local Enterprise Partnerships.

It added that it would also seek to ensure towns in Wales, Scotland and Northern Ireland would benefit from the new funding.

Wednesday 12 August 2020

Adodo Consultancy Services Limited


The founder and chief executive of fashion chain Ted Baker, Ray Kelvin, has resigned following allegations of misconduct, including "forced hugging".

Mr Kelvin had been on a voluntary leave of absence since December last year following the misconduct allegations.

These, which Mr Kelvin denies, are being investigated by the company.

In a statement, Mr Kelvin said the company had been his "life and soul" but "the right thing to do is to step away from Ted".

He said the past few months had been "deeply distressing" but he would support the team wherever he could offer "helpful advice".

Mr Kelvin, who owns 35% of the company, will not receive any severance pay, and any bonus payments he has earned for the past three years' performance will lapse.

In December, employees launched an online petition accusing him of inappropriate comments and behaviour.

The petition, on the workplace website Organise, said that more than 200 Ted Baker staff were finally breaking their silence after at least "50 recorded incidents of harassment" at the fashion group.

Staff claimed that as well as engaging them in unwelcome embraces, the brand's founder had asked young female members of staff to sit on his knee, cuddle him or let him massage their ears.

At the time, Mr Kelvin said that it was "only right" that Ted Baker's committee and board should investigate.

Mr Kelvin founded Ted Baker in 1988. It now has around 500 outlets in the UK and overseas.

Who is Ted Baker's Ray Kelvin?

  • Born in 1955 in north London
  • Started work in uncle's shop aged 11
  • Founded first store in Glasgow in 1988
  • Expanded to Manchester and Nottingham, then to London in 1990
  • Married twice
  • Awarded CBE in 2011

Moving forward

Ted Baker's acting chief executive Lindsay Page will continue in the role and the board has asked David Bernstein to act as executive chairman to provide additional support.

Mr Bernstein has indicated that he will continue in this position until no later than 30 November 2020, by which time a successor will be appointed.

In a statement, Mr Bernstein said: "As founder and CEO, we are grateful for his [Ray Kelvin's] tireless energy and vision.

"However, in light of the allegations made against him, Ray has decided that it is in the best interests of the company for him to resign so that the business can move forward under new leadership."

Mr Kelvin's statement said: "Difficult though this decision is given that Ted Baker has been my life and soul for over 30 years, I've decided that the right thing to do is to step away from Ted and allow the business to focus on being the outstanding brand it is so it can face 2019 with fresh energy and renewed spirit.

"As a shareholder in the business I'll support Lindsay in his leadership and be available to him and the team wherever I can offer helpful advice.

"I'm extremely proud of what we've achieved in building Ted Baker to the global brand it is today. Thank you to every single colleague, customer, supplier, and investor for your commitment to the business. We couldn't have done it without you and I'm so grateful.

Stockbrokers Liberum said Mr Kelvin's resignation was helpful to the company, describing his departure as "unfortunate but understandable". It added there would be minimal disruption to the business, which had "a strong team".

Shares in Ted Baker fell 4% when trading began on Monday, but quickly rebounded.

The company's shares had fallen sharply last week after it issued a profit warning, which it said was due to currency movements, product costs and a writedown on unsold stock.

It said full-year profit for the year to 26 January would be about £63m, compared with forecasts of £73.8m.

The firm's shares were also hit late last year by the hugging controversy.

Are you a current or former Ted Baker employee? Share your experiences by emailing haveyoursay@bbc.co.uk.

Please include a contact number if you are willing to speak to a BBC journalist. You can also contact us in the following ways:

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Our team knows social media channels inside and out, and we’re experts at building and engaging your customer base in an authentic way. We use social media to put your brand in front of the right people, on the right channels, at the right time. Call us at (115) 970-1471 to see how we can help you. #socialmedia #socialmarketing

Monday 10 August 2020

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Get a grip on your week by getting a grip on your day! Happy Monday! What's in your cup this morning? #Mondaymorning #morningcoffee #startoftheweek

Sunday 9 August 2020

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Friday 7 August 2020

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It's here!! It's finally Friday! Comment below to share a story of kindness you witnessed this week. #Friday #sharelove #kindness

Thursday 6 August 2020

Adodo Consultancy Services Limited


“It is our choices, that show what we truly are, far more than our abilities.”– J. K Rowling

Monday 3 August 2020

Adodo Consultancy Services Limited


Happy Monday! Make it a great week by putting on your game face and meeting tasks head on! Got a game face or strategy to share? Comment below! #greatweek #Monday #gameface

Sunday 2 August 2020

Adodo Consultancy Services Limited


A Micro Moment is a moment when a consumer is ripe to learn, experience, and buy things. It’s the ideal time to capture a new customer because they’re already in the right mindset to engage with your content. https://clik.site/micro-moments/

#micromoments #salesfunnel

Saturday 1 August 2020

Adodo Consultancy Services Limited


Do you have challenges with Social Media? Most businesses do. What's your main concern?.