Author Archives: Liz Coker, London Sales Training

Abseil for Street Child

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It is going to be a fantastic event and we plan to raise much needed funds for the Ebola Orphan Appeal. For every £250 raised by the abseil, we will be able to provide support for an Ebola orphan for an entire year. This support includes trauma counselling, reunifying them with extended family members and resettlement within a family home. We will also help that family with a business grant and regular business coaching to enable them to sustainably support their entire family for future years to come and all of their children can attend school once they reopen after the Ebola crisis.

dzn_sq_ArcelorMittal-Orbit-lrThere are 2 lines so people can descend with a friend and 10 people can book every hour so feel free to pass the reg form on and book other people to take part with you! 

We are fully booked between 11am and 12noon but have space any other time between 9am and 5pm. 

There will be a photographer there on the day so daredevils can prove that they actually did it and have a souvenir of the experience.  

Any other information on running and challenge events to support the appeal can be found at www.street-child.co.uk/running-challenge

To sign up, please download  Abseil Entry Form

TOP TEN TIPS – Reduce foreign exchange risk

For companies trading internationally, fluctuating exchange rates can be difficult to manage and hard to budget for. If the markets move against you it can erode or even eliminate profits and in a time of tighter margins and increasing raw materials costs, it is ever more important to protect yourself from exchange rate risk and make savings wherever possible.

Your business can take some proactive steps towards managing foreign exchange risk, whilst leaving the market analysis and interpretation to the experts.

1. Plan for risk

Planning is the first step to managing your FX risk. Agreeing on a budgeted exchange rate for the year will guide your transactions. Your budgeted rate should take into account the volume and timing of your expected transactions as well as a realistic assumption of current and future rates. A FX specialist can help to define this rate by analysing past trends. Planning ahead will help protect your business from foreign exchange risk and enable you to benefit from any exchange rate movements which are in your favour. This could make a huge difference to your bottom line.

2. Understand your business objectives

Your business objectives play an important role in defining a FX policy and it is important to know what degree of risk your company is willing to take and how much your FX exposure could impact on your business objectives.

3. Develop a foreign exchange policy and review it regularly

It is important that your policy complies with and works towards overall strategy and objectives. Once agreed, a policy should be reviewed regularly and be flexible enough to reflect the constantly changing nature of the markets.

4. Take information from a variety of sources

Information from varied market sources means a rounded view. Moneycorp dealers are MSTA (Members of the Society of Technical Analysts) qualified. As experienced dealers they will use their expertise to ensure your company receives the best information and guidance on the markets.

5. Choose a strategy that suits your requirements

With your policy in place it is time to review the FX tools that you can use to manage your exposure. Spot and Forward contracts and market orders can work individually or together to form a tailored foreign exchange strategy. Depending on your budgeted rate, your requirements and timing, your FX Dealer will be able to suggest a strategy to suit your business.

6. Get the timing right

Timing is key to managing FX risk. To take advantage of positive movements in the markets and to protect against negative fluctuations, you need to be informed at all times. Having access to a personal dealer who will proactively monitor the markets and inform you of relevant movements will enable you to make timely decisions on trades.

7. Don’t be tempted to gamble on the FX markets

While it’s tempting to take a punt on the markets, abandoning your FX policy can increase your risk. Extreme movements in the markets can catch you out. By speaking to your dealer and adjusting your strategy you can take advantage of positive movements without increasing the risk.

8. Investigate payment service options

Often, a foreign exchange transaction is just half of the task of managing international invoices. The time taken to process payments each month can add up and detract from other business activities. Your business could benefit from an online system, which simplifies payments, automatically checks banking details and stores details for future use.

9. Manage your business relationships

Tracking payments through the authorisation process is important in maintaining good supplier relationships. Look for payment tracking services, so your suppliers can be emailed automatically when a payment has been sent. In challenging times, key supplier relationships can be hugely important to your business.

10. Communicate and review

Reporting clarity enables your business to ensure it’s adhering to its foreign exchange policy and making the most of movements in the markets. It’s best to choose a system which will have access to sophisticated reporting tools, enabling you to keep track of deals, payments and the progress of your chosen strategy.

If you want to speak to a foreign exchange expert to discuss the specific requirements of your business, call Sarah Davie on 020 7828 7000 or email sarah.davie@moneycorp.com

Auditel – Lowering the cost of doing business

Chris Bourke Auditel

UK businesses are overpaying £1.6bn for energy every year!

If you run a business that has staff and premises, it’s likely that electricity and gas are going to be amongst your larger overheads.

It’s easy to fall into the trap of paying bills without ever querying them.

Quite rightly, you focus on what you are good at. Analysing your energy bills is not the best use of your time, diverting valuable resources away from core business activities. This is where Auditel comes in.

We work on your behalf to ensure your energy costs are kept to
the minimum.

As energy specialists, we can tell you whether or not you are paying a competitive market rate for your energy. If you’re not, we can make sure you start doing so as soon as possible – and keep it that way!

For a free audit of your businesses gas and electricity expenditure, call Chris or Pam on 0845 873 8080 now. Alternatively, simply email copies of your latest energy bills to cjg@auditel.co.uk

Here’s what some of our clients have to say about our service:

“I find it very hard to think of any way they could improve the service. It’s spot on.” – Callie Engelbrecht, Director, Ultimate Housing

Pam is really persistent at getting the best price for us. She’s also fully understanding of us and our organisation. I have full confidence in her abilities, and I am in no doubt she’s an expert. Even if I think really hard, I find it impossible to think of any way she could better the great service we get.” – Paul Goodstein, Accounts Manager, The Fellowship of The School of Economic Science.

www.auditel.co.uk/chrisbourke
T: 0845 873 8080

Business quote of the week at BRX Bond Street London Business Networking

This week’s wise words from our resident coach, George Metcalfe:

A year from now you may wish you had started today

– Karen Lamb

 

….. About BRX Bond Street

The focus at BRX Bond Street, one of the most established and highly regarded London BRX groups, is on building strong, long-term relationships – through regular weekly breakfasts plus one-to-one meetings and social events – to generate good quality recommendations and referrals.

Set up in 1999, BRX (Business Referral Exchange) is one of the leading names in the UK for networking and business development, with active groups nationwide. Its model of relaxed but structured weekly business networking has proven to be a highly effective way for business professionals to generate more business.

Accountants’ Accounts of the BRX Experience

Over the past three weeks, we have had some regular visitors, in the shape of Daryush, Shilen and James, from Simmons Gainford LLP – Chartered Accountants.

Daryush kindly wished to share her experience of visiting us on Friday mornings:

I have been attending the BRX Bond Street group as a guest with one of my colleagues for the last 3 weeks.

I have been very impressed by the structure of the meeting and more importantly, the dynamic range of people whom I have been introduced to.

The group offers a diverse range of businesses, but with one clear, common goal; to pass business between members, which has been evident from the meetings I have already attended.

The members are relaxed and jovial in their approach, and what comes across is that the essence of this network is the building of lasting relationships and trust between the members.

– Daryush Farshchi-Heidari

Find a link to Simmons Gainsford LLP, here: www.sgllp.co.uk

BRX Member for a Day; Ted Wilson’s Experience

On Friday the 8th of March, we were lucky enough to have Ted Wilson, of St. James’s Place Wealth Management, join us as a guest. As we parted ways, Ted had a couple of thoughts about the morning:

 

7.15am feels even earlier on a Friday, but coffee and cooked breakfast counter that well. It’s my first BRX meeting and I am interested in the vacant financial adviser spot. The only thing is that so are a number of other financial advisers! It would be great to have a weekly slot to talk about my approach to financial strategy but even if someone else bags the spot, it will have been worth the journey to see a well-run networking group in action.

 

Read more about Ted here:

www.edwardjowilson.co.uk

Business quote of the week at BRX Bond Street London Business Networking

This week’s wise words from our resident coach, George Metcalfe:

The secret of man’s being is not only to live but to have something to live for.

– Feodor Mikhailovich

Dostoyevsky

 

The focus at BRX Bond Street, one of the most established and highly regarded London BRX groups, is on building strong, long-term relationships – through regular weekly breakfasts plus one-to-one meetings and social events – to generate good quality recommendations and referrals.

Set up in 1999, BRX (Business Referral Exchange) is one of the leading names in the UK for networking and business development, with active groups nationwide. Its model of relaxed but structured weekly business networking has proven to be a highly effective way for business professionals to generate more business.

Business quote of the week at BRX Bond Street London Business Networking

This week’s wise words from our resident coach, George Metcalfe:

 

There are few ways in which a man can be more innocently employed than in getting money.

Dr. Samuel Johnson

 

….. About BRX Bond Street

The focus at BRX Bond Street, one of the most established and highly regarded London BRX groups, is on building strong, long-term relationships – through regular weekly breakfasts plus one-to-one meetings and social events – to generate good quality recommendations and referrals.

Set up in 1999, BRX (Business Referral Exchange) is one of the leading names in the UK for networking and business development, with active groups nationwide. Its model of relaxed but structured weekly business networking has proven to be a highly effective way for business professionals to generate more business.