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What Successful Poker Players and Finance Professionals Have in Common

Poker and finance are two of a kind. The type of strategic thinking that is instrumental in winning poker is the same requirement in making successful finance and investment decisions. In poker and trading, players and investors are both required to balance expected returns with associated risk. Which is why it is no big surprise when someone in the field of finance is successful in poker, and vice versa. Both all about mastering the basics and maintaining self-discipline. Learning the basics in one field can actually benefit the other. So, a poker player might improve his hand by studying the tricks in finance, and a trading professional might improve his investing decisions by playing poker. 

Different Setting, Same Strategy

Poker players and investment traders are always attuned to noticing patterns and letting them inform their decision-making, although there may be slight differences in how they approach pattern analysis. For poker players, it is critical to watch opponents closely and look for indications such as changes in body language and other “tells” that could reveal their next bet. Meanwhile, in investing, the approach is not as personal as that of poker, as traders analyse data in order to forecast where the market is headed. In both arenas, pattern analysis is vital. It is necessary to observe changes and fluctuations from the status quo in order to decide one’s next move.  

Access to online poker games is beneficial to anyone who wants to become successful in the card game of poker. Unlike in the past, when one needed to go to a land-based poker room in order to play and learn the strategies of the game, online poker sites are now easily accessible to anyone who wants to become an expert poker player. One’s understanding of poker is related to the number of hands they play, and playing online makes it possible to play more games than in a physical casino. Some online poker sites even let new players play for free without requiring a deposit, and there are even bonuses given out too. And with mobile devices like smartphones and tablets, one can play online poker anytime and practically anywhere. All it takes it to download the app or access the site on a browser. Click here to see how you can practice poker online for free by playing different variants such as Texas Hold’em, 7 Card Stud, Omaha as well as webcam poker, where you can see your opponent, and fast-fold versions like SNAP.

Risk Management and Recovery from Losses

Successful poker players and trading investors should both be impartial and well-acquainted with risk. While people outside these industries may find it challenging to separate the decision from the outcome, this is something that expert poker players and investment traders are very good at. They are able to make an unbiased decision and accept the outcome, whether it was a success or not. It is equally important that they bounce back from losses, assessing carefully and objectively what went wrong and planning their next move.

In both fields, there is no room for sulking. Playing your loss over and over in your mind will not change anything, but focusing on your next hand could give you the win you’ve been wanting to achieve. Both poker players and investment traders are able to quickly move forward from any losses. They know how to compartmentalise, and they do not allow defeats to affect their strategy. In both poker and trading, one must be able to strategise based on factors revolving the current situation. It is dangerous to base one’s decisions on recent losses, or even on recent gains.

Top Poker Players Who Are Also on Wall Street

One proof that the worlds of poker and finance are similar on so many levels is the existence of top poker players on Wall Street. For one, there’s Vanessa Selbst, the most successful female poker player to this day. Vanessa has achieved almost $12 million in winnings and recently made a career switch from poker to finance. Vanessa is a three-time World Series of Poker winner and known to be an aggressive player with a diverse background. Before she took a job with Bridgewater, the world’s largest hedge fund, she worked at consulting giant McKinsey & Company.

Another legend in poker who migrated to Wall Street is Jason Strasser, one of the top figures in the poker tournament scene back in early 2000. To the surprise of many, Jason left poker in 2007 to take on the role of co-founder and chief investment officer at Caption Partners. But Jason didn’t leave the poker world for good. He still plays in poker tournaments from time to time. In fact, he recently topped a massive field of 1,249 entries and secured the 2018 World Series of Poker Circuit Choctaw $1,675 No-Limit Hold’em main event title, earning $332,539 and his second WSOPC gold ring.

In 2010, Louis Bacon’s $4 billion hedge fund, Moore Capital, hired James Vogl from North London. James won a coveted bracelet in 2004 during a World Series of Poker event in Las Vegas. In the said event, he won over 800 other players and earned $400,00 0 in tax-free profits in just one hand. James, who admits that he is highly competitive, has always had a passion for risk and reward games, spending a lot of time learning poker and the odds, practising and doing the calculations.

High stakes, effective strategy, risk-taking, and a lot of self-discipline – these are just some of the things that are needed in poker if one wishes to succeed in this game. And since poker and finance are practically identical, these factors are equally essential in the world of investment trading. What’s amazing about these two worlds is, they offer the same opportunities and excitement to people who excel in either that one can grow in one field and evolve in the other, such as the case of the top poker players who decided to join the exciting world of Wall Street. 

 

The Lifespan of NME: Terminating Print Publications After 66 Years

Attractive woman reading magazine at home

Established in 1952, NME is the longest standing music publication in the world. However, in March 2018, the company announced they were terminating the magazine to focus solely on the website. The print industry has experienced a rapid decline with the rise of digital, and the company is adapting to the changing market. The enormous growth of the internet and mobile has influenced the demise of many newspaper and magazine publications, with NME the most recent casualty. Business Rescue Expert, a leading insolvency practitioner firm in the UK, is analysing what NME ceasing print publications means for the future of the brand, and the market.

NME is the world’s most popular and established music magazine. The brand changed the face of the industry, with music royalty gracing the covers and the pages in the publication. The magazine launched with the sole intention of appealing to men, aged between their late teens and twenties. However, as they grew in popularity, so did their readership. Today, their readers are 63% male and 37% female.

NME rode the boom in the print industry, generating more than £1 million a week in revenue at the height of their popularity. Coupled with 400,000 subscribers, the brand had a solid customer base to launch their website in 1996, covering more topical areas. As accessing news through the internet became popular, NME recorded a dip in profits. In 2008, the bold headline was ‘mobile to overtake fixed internet access in 2014’, and the reports proved it to be true. More than 69% of consumers spend their media time on their smartphone, leading to a sharp decline in those reading NME. In 2015, the company announced they only had 15,000 subscribers.

Measures were put in place to save the publication, including making the magazine free for all readers in September 2015. Thus, NME relied on advertising revenue, rather than sales revenue. This temporary relief boosted subscribers up to 300,000. Soon after, NME was acquired by a private equity firm, who have concluded that keeping the brand in its current form is no longer financially viable. NME will now only be available online.

The print industry changes

As more readers use their smartphones for news, the print industry experiences more losses. Rather than going to the shop for breaking news, mobile phone users can see the stories unfold in real time. Similarly, news apps offer the option of notifications, meaning you are alerted to any news occurring around the world. Today, younger readers are also said to have less disposable income and can access websites sharing similar stories to those of print publications free, and whenever they want.

However, not all print publications are terminating, and some news outlets are adapting to the changes in the market. Those reactions to these attitudes include:

  • Magazines/newspapers adding QR codes to print, taking the reader to a webpage or app
  • Offering exclusive discounts that can only be found in the print edition
  • Producing highly valuable and in-depth content not available online

How do online publications obtain funding

Funding for online publications can take a variety of formats. Primarily, most websites gain funding through advertising. For example, if you have ever been skimming an article and an advert has popped up. Paywalls are also another method, asking consumers to pay a small amount to access their content. Typically, this is a one-off payment over a certain amount of time.

Online articles often include surveys you must answer before accessing the story, with the condition that the data is sold to another party. This is a form of funding for the site, as are competitions. If a company offers the chance to win £20,000, they could ask you to text into a premium rate line. If enough people do so, the business will make their money back along with additional profits.

The continuing development of websites and digital applications mean you can no longer run a print publication as you did 20 years ago. Times are changing, and magazines are suffering. Those who adapt to the changes will be the companies that survive.

How Mucuna Pruriens Can Help Bodybuilders

Spirulina tablets and powder in bowls on a wooden background

Step into your local health store and you’ll find row after row of supplements claiming to rapidly build muscle, burn fat and promote optimal physical performance.

While many of these supplements work, some are more effective than others. Over the last few years, one supplement — a naturally occuring legume powder — has started to attract attention for its notable effects on muscle-building hormones such as HGH and IGF-1.

Mucuna pruriens powder, a packaged form of the mucuna pruriens tropical legume, is linked to improved levels of dopamine. It’s marketed as a treatment for drug withdrawal and Parkinson’s disease, but it’s also an interesting supplement for bodybuilders and athletes.

Mucuna Pruriens and Human Growth Hormone (HGH)

Mucuna pruriens is a rich source of L-DOPA — an important amino acid that’s converted by the body into dopamine.

Dopamine is a powerful neurotransmitter that plays a major role in many aspects of human brain activity. Steady levels of dopamine help your body regulate blood flow, maintain an appetite and even play a role in learning and optimal cognitive function.

Dopamine is also closely linked to production of human growth hormone (HGH), a hormone that the body produces in the pituitary gland. HGH is closely associated with several muscle-building benefits, from faster recovery during training to optimal muscle growth and development.

In fact, one study shows that dopamine agonists — substances that bind to the body’s dopamine receptors — play an important role in moderating the secretion of human growth hormone (HGH) and insulin-like growth factor-1 (IGF-1).

HGH levels are typically high in people’s youth, but the amount of HGH secreted by the pituitary gland declines with age. As a result, people with lower levels of HGH usually have less muscle mass than younger people with optimal HGH levels.

As an important source of L-DOPA, a precursor of dopamine, mucuna pruriens can play a major role in helping your body produce optimal HGH for strength development and muscle growth.

Mucuna Pruriens and Testosterone

Mucuna pruriens is also linked to improvements in testosterone levels and libidio. As one of the body’s primary muscle-building hormones, testosterone levels are closely linked with strength, muscle mass and athletic performance.

One study from 1985 shows that higher levels of testosterone contributed to a 20% increase in muscle mass in men, as estimated using creatinine excretion analysis.

In short, higher levels of testosterone increase your body’s potential to develop muscle, making testosterone one of the most important hormones for bodybuilders and strength athletes to pay attention to.

While there are no current human studies on mucuna pruriens and testosterone, a 2012 study of male rats showed a noticeable increase in hormonal levels after 60 days of mucuna pruriens extract use.

Human studies of mucuna pruriens also show an improvement in sexual performance and male fertility, suggesting that mucuna pruriens can improve the biological pathways that fuel optimal production of muscle-building hormones such as testosterone.

As a result, mucuna pruriens is a popular ingredient in testosterone boosting supplements, as well as an effective and increasingly popular supplement for bodybuilders and strength athletes on its own.

5 easy ways for small B&Bs to boost their revenue

Giving up a stressful life of working long hours at a blank, soulless office in a bustling city and becoming a B&B owner instead can seem like a very quaint notion. However, that’s before financial matters arise and, potentially, you notice that the monetary sums aren’t quite adding up to your liking. Still, with a small B&B, you can help produce more buoyant revenue if you follow these tips…

Make your own home a B&B

The upfront costs of setting up a B&B can be eye-watering; buying one costs £572,000 on average, according to The Telegraph. Now, consider the comparatively measly £127,000 in average turnover! Nonetheless, you might not have good reason to be too concerned by these figures…

David Weston, the Bed and Breakfast Association’s chief executive, has pointed out that most people starting a B&B do so at little or zero capital expanse; hence, they use their own home as the B&B.

Pay off your mortgage before you start

If you have decided to indeed go down the route of making your residence the B&B, it would still be wise for you to make sure that you have paid off the mortgage on that property first.

The website Start a Bed & Breakfast says that this would significantly ease your financial sums, as you would not even need to factor in any mortgage payments. This, in turn, would enable you to see your B&B’s financial picture in greater clarity and so help you discern how to boost revenue.

More rooms don’t always equal more money

Logic might indicate that the more rooms your B&B has, the more rooms it can fill and so the more revenue it can make. However, this doesn’t account for the costs of maintaining those rooms and an array of uncontrollable factors which could affect your occupancy rates.

Reassuringly, with just two guest rooms, you could still easily bring in £30,000 provided that you charge £70 per night and the occupancy rate does not fall below 60%, Weston has estimated.

Choose a location conducive to better revenue

The weather and seasons can both affect a B&B’s occupancy rates. For example, B&Bs can be very busy during summer but turn quieter in winter. However, the B&B’s location could affect that pattern. For that reason, you might want to think carefully about which location to settle for.

In helping yourself to decide, you should research and understand any area where you are interested in setting up a B&B, This is MONEY.co.uk advises.

Make it easier for people to place bookings

If there are people interested in staying at your B&B, it would obviously be a pity if they attempted to book only to abandon this attempt out of frustration over the booking process.

Fortunately, there are hotel reservation systems which can be used for B&Bs and ease the process of booking a room at one. However, carefully research different systems before selecting one; consider, for example, that eviivo would let you advertise your B&B on many major travel sites.

Importance of proper education in currency trading

Business Team Investment Entrepreneur Trading Concept

There are many things that you need to learn to become a successful trader. If you do a background check of the expert traders in the United Kingdom you will be surprised to see their depth of knowledge in the trading industry. No one is born talented. Every trader needs to learn the basic elements of the market with strong devotion. But the new traders don’t want to spend quality times in learning the art of trading. They simply consider trading as a shortcut way to secure their financial freedom in the global market. To become a profitable trader you need to have a clear idea about the structure of the Forex market. If you don’t develop a balanced trading system, it will be really hard for you to deal with the dynamic price movement of currency pairs.

In the past, trading was limited to large banks and institutions. But due to the recent advancement in technology, the retail traders in the United Kingdom can easily trade this market in a professional trading environment. For instance, high class brokerage firm like ETX Capital is now offering high leverage trading accounts to their clients which allows them to trade with big lot size even with a small amount of trading capital. But having access to the high leverage trading account doesn’t mean you will become a profitable trader. You need to educate yourself and learn the three major forms of market analysis.

Professional trading course

Many novice traders often buy signals from expert traders. If you can do the perfect research you might find some high-quality signal provider in the United Kingdom but do you really think that this is the ultimate solution to become a successful trader. You need to teach yourself how to trade this market with managed risk. Take professional Forex training from the expert traders who have a proven track record in the financial industry. Never rely on other people’s advice and always remember that no one can give you 100 % profitable trade setups. It’s your duty to master the art of trading through hard work.

Some retail traders say that they are not ready to invest money in trading education. But sadly they have the money to fund the trading account. If you don’t learn the basic trading system it won’t take much time to lose your investment. Always remember, making profit consistently in the Forex market is an art. You can’t trade this market based on gut feelings and become a successful trader. You need to take some professional forex training. When you start investing money in a trading education you will see a dramatic improvement in your trading career.

Embrace the losing trades

The majority of the novice traders don’t want to embrace their losing trades. They simply don’t understand that losing are just a part of the trader’s career. You need to trade this market with managed risk or else you might even blow your entire trading account from a single losing trades. Make sure that you have learned the precise art of trade management so that you don’t have to lose more than 2% of your account capital in any single trade.

Following proper risk management factors in the financial industry is very hard. Novice traders become frustrated after facing a few losing trades. They double their lot size immediately to recover their trading loss. But following the aggressive trading strategy will never help you to make a consistent profit. Just have a look at the portfolio of the professional traders. You will notice one thing they have in common. None of them take too much risk in any single trade even though they have the perfect trade setups. You need to have strong mental stability or else this market will never allow you to make a profit. Always stick to your trading rules and try to trade in favor of the market trend.

How to create the perfect trading environment

Close-up of young businessman pointing on the data presented in the chart with pen while working in creative office

Who doesn’t want to lead a luxurious life? People are always fighting hard to secure their financial freedom so that they can full fill their dream. For this very reason, they try their best to have the best education from the top class university. But having the top class education will never help you to become a rich person. It’s true that you might get some high standard job, but if you consider the long-term scenario, you can’t lead your dream life based on the day job. You need to develop a business which will help you to earn huge amount of money. When it comes to traditional business, most of the people step one step back considering the initial investment. However, the people in the United Kingdom are very smart, they consider trading as their business. Most of the elite class broker like Saxo offer high leverage trading account to their clients which allows them to trade with small trading capital. If you can use the market leverage in an efficient way, you can easily secure a huge amount of profit.

In order to trade the market, you need to have a professional trading environment. Without having a class trading environment it’s almost impossible for you to make a huge profit. For instance, if you trade the market with your mobile device you won’t be able to do the perfect market analysis. Some novice traders often trade the market while walking in the streets. But do you really think the profession UK traders follow the same principal? All the expert traders always trade the market with precise risk management. They never take any unnecessary risk even though they have the perfect market setup. You need to limit your risk to become a profitable trader. Now we will give you some useful advice to which will help you to create the perfect trading environment.

Isolate your trading room

You need to have an isolate Forex trading room to trade the market. Your room should have high configuration pc which will help you to trade the market without any lag. Some novice traders often use more than four monitors to do the perfect market analysis. In the past using more than four monitor was tradition but due to the recent advancement in technology, you can easily trade the market with tow monitors. However, if you trade only one major pair you can easily trade with a single monitor. You need to identify your need before you decide the number monitors you should buy. Some retail traders often spend a huge amount of money for buying an expensive graphics card. But this is nothing but a waste of time. You don’t need a gaming pc to run your professional trading platform.

Keep your mind fresh

If you trade the market under stress you are not going to make any significant progress. Most of the novice traders are losing money since they trade with their hard earn money which they can’t afford to lose. You need to understand the fact losing is just a part of the trader’s career. Before you even think about the trading profession, you need to ask yourself whether you can truly trade the market without any emotions. Make sure you have at least six months financial back since it will help you to trade without any mental stress.

You also need to find a professional broker like Saxo who will offer you a premium trading platform. For instance, SaxoTraderGo has all the advanced trading tools which will help you enhance your trading performance. It’s true that professional brokerage firm will charge you a little bit higher but consider the overall conditions of the market you are paying nothing. If you can make a profit, it won’t be a big deal to deal with your losing trades. Try to protect your investment by following the conservative way of trading.

Can Your Online Business Survive and Succeed Without SEO? Here’s Why It Cannot!

Managing online based business is not easy, though running an online business is a profitable idea. Even a few years earlier, the scenario was different. Online companies were not as popular as they are today. Due to lack of competition, business owners do not have to be concerned about online business promotion or marketing. In fact, the vital job like SEO (Search Engine Optimization) was mostly handled by business owners or top-level managers. With changing scenario, complications and new challenges have arrived in business promotional process. This is why today a business demands tactical SEO solutions.

So, why does your business need SEO support at all? How will it help your business to flourish? How will your business meet profitability with the Search Engine Optimization process? Answers to all these questions can be attained below. In the following section, we shall find reasons to invest time, money and efforts for attaining the best search engine optimization solutions.

Enhance Your Brand Identity

The ultimate aim of a business should be enhancing brand identity or corporate identity. For this reason, your business needs blueprint SEO strategy. With tactical and systematic search engine optimization, it is possible to provide the best business marketing results with perfection. A lot of SEO companies are there, offering brilliant search engine optimization services. You need to find a good service provider that is ready to offer tactical SEO solutions within a small budget.

Businesses do not have to make heavy investments in efficient SEO services. With small investments, they can go for step by step method to promote their business as a brand identity. Attaining brand identity is the ultimate aim of business. This aim can become successful when proper techniques or tactics are used for efficient business promotional and marketing activities.

Promote New Products or Services

When a business comes with innovative product or service, it  plays a risk. The risk is nothing but lack of awareness of the product or service on a targeted group of customers or clients. For example, an online shared cab booking service for the outstation journey has been launched. But, users do not know how to use it. Visiting outstation on the share is a way of saving money. Single travelers also prefer such things. But, the company has to convey its benefits to the targeted group of customers otherwise the idea would not become acceptable. If the idea fails, your business may eventually have to face massive losses.

Increased Business Profitability

Enhancing profitability should be the ultimate aim of a business, and from that aspect, SEO plays an important role in the small-scale online-based businesses. Profitability depends upon the sales figure of business. If sales increase, the company becomes profitable. If sales figure stays average, your business will not be able to reach the desired mark of profitability. For efficient business profitability, different methods for search engine optimization are used.

Experienced or veteran webmasters can chalk the business marketing plans to perfection. They can help immensely in this matter. SEO plans need to be chalked to different SEO methods. A lot of techniques are used nowadays to promote businesses online. SEO is the most important thing among those things. However, SEO does not show the right result, unless it has been planned with perfection. You need to understand the essence of business marketing through SEO. You need to understand the importance of having a business link at the first page of Google’s search results.

Better Business Popularity

As brand promotion is directly related to SEO, business popularity is also inevitably connected with search engine optimization. Making the business popular is essential so that more people can get connected to your business. It is essential to encourage the potential customers to visit your business website. The higher number of visitors you shall get, the higher sales figure your business shall enjoy. For better business reputation, SEO is also imperative, not just making the company popular; you also need to invest time in keeping a positive reputation for your business.

Expanding the Business

With search engine optimization, a business reaches higher profitability with seamlessness. Every company has an aim to expand. It wants to reach more people in various regions. The online world eventually offers a simple platform for making your business popular globally. With the advent of time, you shall find your competitors are expanding their businesses. To obtain competitive edge or to sustain in competition, you need to invest more time as well as money in SEO.  Not just a possible chance for business expansion, SEO gives you a clear opportunity to make your business long sustaining. Small businesses often suffer losses, and that puts the firms on the verge of shut down. To protect your business from failure, you need proper SEO strategy.

Promote Your Business Successfully With Powerful Visual Content on Instagram!

When it comes to promotion and advertisement of the products of your business, you will find that Instagram is one of the most widelysought after platforms for your business. Now when it comes to the use of Instagram when it comes to the promotion and the marketing of your business, the first thing that you need ready is a good set of videos and photos. When it comes to the creation of business videos and pictures for your business, it is not necessary for them to be professionally made. They must be clear and have high resolution.

Effective use of hashtags

When it comes to Instagram, you will find that businesses use many hashtags and so it is essential for you to use them as well. You should be careful when you are choosing hashtags as you must match the visual content to the hashtags that you want. At the same time, you should ensure that the hashtags are not too many. Use 4 to 5 hashtags to the maximum. One of the leading growing hashtags last number were around private number plates, it gained a huge following of people interested in weird and wonderful personalised plates.

If you take a look at Instagram today, you will find that it is predominantly an app that has been designed for mobile users. It means you can upload photos and videos when you are on the move. This makes it simple and easy for you to upload the pictures and videos when you travel. In fact, you can also keep track of the comments and the feedback of your followers. You can increase Like4Like when you immediately respond to your customer queries and feedback. Remember when you wish to strike a chord with the customer it is crucial for you to always keep in touch with them. Instagram helps you to do it proactively with success!

The power of storytelling for business

There is also another plus point that you get with Instagram, and that is storytelling. You can efficiently connect with the targeted audience and promote your brand with amazing real-life stories. You can also use real-life people to advertise your products on the platform. It goes a very long way in promoting your brand and striking a proper chord with the audience. When it comes to Instagram, users often check out pictures and with the right ones you can pass on powerful messages that words would hardly be enough to say!

Remember when you are posting videos and images on Instagram, it is imperative for you to add captions. The captions should be captivating and hold the attention of the audience. Match the caption to the picture as this will help you in a significant way to connect with the audience and gain a huge fan following in the process.

Instagram is a simple platform, and it is visual content that speaks volumes here. If you are a business owner and still are not registered on Instagram, get on the social media platform today and reap the benefits of sound business profits and consistent, targeted traffic with success.

Cash Flow Problems: What Can Be Done To Help?

Cash flow problems in theory can be easy to identify. If your outgoing payments exceed your business income and you cannot meet your liabilities as they fall due, then simply you are having cash flow problems. A negative cash flow doesn’t necessarily represent bad business, but you do need to take steps to ensure your business does not run out of cash. However, insufficient cash flow is an issue which needs to be tackled head on as no matter how big or small your business, if you don’t have any cash it will eventually end in downfall.

So what are the likely causes of cash flow problems?

For B2B business a common cause of cash flow shortages is customers not paying their invoices on time. If the business is making plenty of sales, but you’re bills are coming around before you get paid, then at some point the business will run out of cash.

Some businesses can find themselves in trouble through no fault of their own. As you may have to unexpectedly pay a large cost or bill. For some businesses, it can be a case of not planning far enough ahead, or not making sufficient provision when it comes to paying VAT.

Cash flow problems can sometimes be down to a lack of planning. It’s good practice for any business to have a cash flow forecast, taking into account all incomings and any outgoings which could absorb cash. With this, it’s vitally important not to overspend too soon and make sure that you don’t commit to too much stock or staff, if you don’t need it. If you haven’t planned effectively enough, a fluctuation of sales can sometimes cover up underlying problems a business might have, so making sure you take into consideration seasonal deficiencies, or spikes in sales is vitally important to a cashflow forecast.

What is a good indication that you are having problems?

One of the biggest signs that you’re having trouble maintaining a healthy cashflow is a failure to pay your VAT as and when the returns are sent in. If you haven’t been careful beforehand, you may not have sufficient cash when it comes to paying.  Sometimes when planning a cash flow forecast you can foresee these problems and reserve funds, or take out a business overdraft to ensure that the business is covered for these sorts of payments.

As a business owner if you aren’t taking a wage from the business, or even worse are still inputting your own personal money to make ends meet, then it’s a clear problem with cash flow. Perhaps the biggest indication that cash flow is a problem is not paying staff on time. If you have to pay suppliers, or overheads before you can afford to pay staff then the business could end up losing one of its core elements.

How can I improve cash flow?

The most efficient way to stay on top of cash flow, is by first planning and forecasting effectively. Monitor your forecasts and update them taking into account any variances in your original estimates. Based on your forecasts, arrange a business overdraft sufficient to cover any large costs, and seasonal variations. An overdraft will be agreed with the lender beforehand and it will be appropriate to the needs of the business, as well as the banks assessment of the risk.

If the business is struggling there are things you can do to pick up your cash flow. Make full use of any payment terms set by creditors, if you are waiting on unpaid invoices from your customers, then use the maximum amounts of days you have available to pay your creditors. If you are having trouble collecting invoices, a great way to stay ahead is to ask customers to pay a deposit and make it part of the business norm. Ensuring that you issue invoices as soon as possible is also key, and then if payment is not paid on the due date follow it up promptly.

Having a good line of communication with your suppliers can also be a great advantage. Tell them about your situations. As a customer they will want you to succeed so if you can make use of late payments, see if you can.

For B2B companies, invoice financing can be a very efficient way moving forward. This allows a business to take out a loan from a factoring company, based on the value of the invoices available. So, you’re not borrowing anything that you wouldn’t already be owed. A factoring company lends you a percentage of the invoice available, before then collecting the full amount from your customers. The factoring company will then take their cut and give you any remaining credit owed. This option, however, is only available to B2B businesses which issue invoices

Post-Brexit: Can Businesses Shape UK Law?

Have you ever heard the story about the business person who tried to affect a legal decision who everyone praised for doing so? No? Me neither.

In my experience, the public has never appreciated a business trying to influence the law. That’s probably because when businesses do try to affect the way the law is, it’s often through shady lobbying deals that are scandalous for both the businesses and the politicians involved.

Brexit, though, is a different matter entirely. As the UK is going through the biggest political upheaval it’s faced since the Second World War, business leaders have a duty to represent their employees and customers in the same way that politicians represent their voters. This isn’t about lobbying; it’s about campaigning.

We saw this before the referendum. Wetherspoons used its enormous influence on the average British drinker and produced beer mats which argued staunchly for the leave vote. Whether or not you agree with Wetherspoons’ stance is beside the point; the pub chain had the right idea. British businesses can and should have tried to make their view on Brexit clear.

Now that the vote is over, businesses shouldn’t act like the legal battle is over. Rather, they should be doubling down on their stance, because the fight has only just begun.


The Great Repeal Bill and The Future of British Business

Turning the current hotchpotch of EU laws into one cohesive British law will be a complicated process, so the aim of the Great Repeal Bill is to make this process as simple as possible. While critics have called it a “power grab”, it’s actually much less exciting than that.

The bill is more of a symbolic matter, rather than a huge victory for the leading party. The actual process of deciding which EU laws the UK will keep — as well as which ones it will get rid of and which ones it will change — will happen in the Commons and in Brussels.

As an example, HSE currently recommends racking inspections from a SEMA approved expert at least once every 12 months. A big reason for this is that EU standard EN 15635 recommends something very similar. As a result of Brexit, we have the chance to change this HSE recommendation and the laws associated with it.

With Brexit negotiations creating story after story, the news media has focused a lot on the decision-making happening in Brussels. Post-Brexit, we should see a lot more decision-making happening in the Commons. This is where the British public and British business leaders will have their say.

Some businesses might want the UK to remain open to workers from the EU by keeping old employment laws. This is something which David Davis has suggested and which businesses should campaign for if they believe in it.

On the other hand, a business might want the UK to forge ever closer ties with the US by creating some sort of trade agreement or by emulating some of its business regulations. This is something which Michel Barnier has suggested. It’s also something which businesses should campaign for if it’s what they, their customers, their employees, and their clients really want.

As for EU standard EN 15635, there are many reasons why we should keep following this standard. In the UK, people love to complain about “health and safety gone mad”, yet this culture of safety is why workplace fatalities have fallen by 85% since 1975. EU standards like EN 15635 and the HSE recommendations associated with it are part of the reason that employees in the UK are so safe and employers are able to run workplaces which function with minimal injuries or fatalities.

There’s a lot to be gained by trying to be closer to the UK’s longest political ally as well as its biggest trade partner. There’s a lot to gained if businesses can continue to depend on EU labour. And there’s a lot to be gained from continuing to make our workplaces safer with the right legislation. In order for any of that to be guaranteed, however, businesses need to fight for that legislation, just as the public will be.

What’s The Most Likely Scenario?

Immediately after the referendum, speculation about what would happen in a post-Brexit world was rife. Well over a year later, we’re still mostly speculating.

We know that the predictions of doom and gloom were mostly wrong. The pound has fallen in value — and continues to fall — but the British economy is slowly growing. We know that the Great Repeal Bill will come into force immediately after Brexit, and we know that politicians have made some pretty large promises about what the deal will look like.

Of course, if politicians are consistently anything, they are consistently inconsistent. As such, it’s imperative that the British public and business leaders do whatever they can from now until 2019 — and well beyond — to let their voices be heard. Otherwise, businesses and citizens of the future will look back and wonder why we did nothing.

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