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Victoria Beckham is Britain’s top entrepreneurs
The fashion designer formerly known as Posh Spice tops an exclusive’s list recognising Britain’s most successful entrepreneurs in everything from cloud computing to accutane results on mild acne metal bashing.
Entrepreneurs are the pathfinders of economic growth, as the economic recovery gathers pace. The ninth Management Today (MT) survey of Britain’s top 100 entrepreneurs and family businesses shows that in the past five years, from the depths of the downturn until last year, these business heroes have been doggedly expanding, taking on staff and somehow bucking the all-prevailing gloom.
No one better illustrates this than the new number one, who hardly needs any introduction. Step forward Victoria Beckham, former Spice Girl, part of a glorious power couple with footie legend husband David, and for us a supremely talented entrepreneur in the fashion business.
Her Victoria Beckham operation, fresh from the triumphant opening of its first shop in London’s Mayfair, has grown from R20 million turnover to R500 million in the past five years, and staff numbers are up from three to 100 in the same period. Deservedly, she is number one in these two crucial measurements for success in the MT Top 100.
So the entrepreneur formerly known as Posh Spice is queen of the catwalk now, helped by her old manager from the Spice Girls (and Pop Idol originator), Simon Fuller. But for the wider British economy, the good news about the success of the Top 100 is evident in the figures on jobs and turnover over the past five years.
When the MT 100 list was last published in 2011, the 100 then identified had increased their turnover from around R150 billion to R280 billion. This year’s crop have gone much higher: from R283 billion to R529 billion, which represents an 88 percent rise and a huge amount of economic activity going on at the coalface of business in the UK.
Even more importantly, the MT 100 are the real job creators. In five years, they have added more than 61 556 employees to their payrolls, taking their head count to 158 189. This represents a 64 percent rise, and shows that in the critical area of productivity (in which much of the UK economy is notably lacklustre), the MT 100 members are right on how much does viagra cost per pill top of their game. They are motivating their staff to achieve more and work harder, with turnover growing faster than the rate of employment growth.
Joining Victoria Beckham in the MT 100 rankings are 14 other women, more than the 11 found in 2011. Among them are software entrepreneurs such as Suzanne Marshall-Forsyth (number 85) and Cathie Paver (number 93), founder of the fast-growing shoe chain. Both hail from York, reflecting the fact that Yorkshire is home to 14 of our Top 100, second to London and the south-east with 32. Scotland shows it has a flourishing enterprise culture, with 11 in the MT 100.
The one fact that unites all of the MT 100 – whatever region or propecia reviews sector they belong to – is their demonstrable record of success. But with the economic recovery still fragile, they will need to draw on all their resilience and experience to keep growing.