Archive for the ‘Uncategorized’ category

Student Tours to the Fascinating Financial Capital of Geneva

September 25th, 2020

Located in the far western part of Switzerland, Geneva is the second most populous city in the country after Zurich. It sits on the south-western end of Lake Geneva and has two mountain chains, the Alps and the Jura, surrounding it. Geneva has a history that dates back to 58 BC, when the first Roman settlement was noted in the locale.

The city has embraced its role as a financial centre, and as far back as the 14th and 15th centuries it was the capital of European trade fairs. Student tours will take participants around the city and describe how, during the 17th century, Genevan bankers financed The Dutch West Indies Company and the Royal Bank of England, among other notable achievements. It is the ideal city to include on tours for students that focus on sociology or politics studies.

Since the time of the 17th century, the city has evolved into one of the most important financial hubs of Europe. After London and Zurich, Geneva is considered Europe’s third major financial centre. As such, it has been the base for several major international corporations and charities such as The International Committee of the Red Cross (also known as the International Red Cross and Red Crescent). Geneva was also host to the country’s first stock exchange. Student tours to the modern city can expose pupils to two of the most important business and financial institutions in Europe.

The International Committee of the Red Cross – This private humanitarian institution had its beginnings as part of the Geneva Convention, held in 1864. Representatives of 12 countries signed a document that was declared to be ‘for the Amelioration of the Condition of the Wounded in Armies in the Field’. As a result, several of the nations created national societies within their home countries.

Student tours to the International Red Cross and Red Crescent Museum – currently closed but to re-open in 2013 – and the headquarters of the ICRC will take students through the history of the organisation. This can include looking at how and why the ICRC is the only institute explicitly named under International Humanitarian Law. A tour can also explore the interesting aspects of the organisation itself. It is neither an international organisation, nor a sovereign entity; as such, it does not have a policy of open membership like most NGOs, and instead limits its membership to Swiss Nationals.

Geneva Stock Exchange – In the current world economic climate, student tours to one of the founding seats of the financial stock exchange will certainly prove interesting and informative. Founded in 1857, almost 25 years prior to the exchanges in Basle and Zurich, the Geneva Stock Exchange was the fifth most important stock exchange in Europe. Geneva remained in its central role in European and world economics until the stock exchanges in Basle, Zurich, and Geneva were combined in 1995 to form the SIX Swiss Exchange, which is now based in Zurich.

How to Secure the Financial Capital to Launch Your Business

September 6th, 2020

I used my own savings to set up my first business, and as it expanded, was supported by small investments from friends and family. I soon realised that it would be a mistake to give away what could be more shares than the capital warranted, and have learned to structure capital in a more considered manner so that share of equity reflects the contribution to the success of the company, rather than the finances required to establish it.

Sourcing capital

For start-ups, private funding- from friends and families, even committed suppliers is the best bet for seed capital. It usually comes on favourable terms and without fixed repayment timeframes. It’s important ensure that all parties are clear about what goes in, under what circumstances and when it needs to be returned, and some agreement should be written up to prepare for the possibility that this obligation cannot be met.

Attracting investment

To appeal to investors, you need to plan well, demonstrate commitment and unique expertise in your industry. Avoid the temptation to fudge the truth – investors want to work with honest, passionate and dedicated entrepreneurs and any hint otherwise can often be a deal breaker. Prepare for both the best and worst case scenarios so that if a promised order falls through or a potential client breaks contract, you have an immediate Plan B to turn to. That reduces the perception of risk and makes your business far more attractive.

Contact local support organisations and draw on your networks to maximize the support you have on standby – you never know when you will need to call it in. Do your research and understand what you need and why and always bear in mind that investors are NOT there to pay your wages, but to support the establishment of hopefully new business that will hopefully generate future rewards.

Giving it away

One of most common mistakes made by start-up entrepreneurs is giving away too much equity as this leads to in the primary stakeholders getting squeezed when further funding is required for future business growth. Borrow if necessary but avoid giving away equity as you may regret it and have little to encourage future investors to finance the expansion of an established and successful business. It’s also essential to ensure that first group of investors understands the risk as well as the reward.

How much?

Start-ups often don’t ask for enough. Obviously this makes you more attractive to initial investors and can be tempting when you are trying to offer them an easy decision. However, it’s harder to go back for more, especially if you need it to hit your original target simply because you didn’t plan enough. The capital to grow is a different matter that reflects a higher degree of risk and involves private investment rather than venture capital.

How many investors is too many?

How many investors you work with is less relevant than the level of control they each have. If you don’t want them to have at least some say in your business, then, quite simply, don’t borrow their money. Keep the numbers down to between two and four. Be clear about how decisions will be made before the investment and, again, be honest every step of the way. If things are going well or badly, ensure you keep the investors informed but don’t go running to them with horror stories every time something goes wrong (and it will). They are backing you and the business and they have a right to expect you to put in the hard graft to succeed and protect their investment in you.

Where can I get further assistance?

Government and some NGOs have really useful start-up schemes, many tailored to specific industries. These provide everything from mentoring and training to affordable premises and finance support services.

Unfortunately for many SMEs, banks are simply not an option. They are worth speaking to as they are pragmatic, business-focused and de-risked, so make a good sanity check that at the very least, will guide your business planning.

About XLN Telecom

XLN is committed to providing the lowest cost telecom services and highest customer service levels to the UK’s small business community. Founded in 2002, XLN is now the UK’s largest independent provider of telecom services to small businesses in Britain with over 125,000 business customers across the country.

In 2007, XLN was ranked as the highest placed telco company in the Sunday Times Tech Track and was listed for a second consecutive year in 2008. In 2009, the company was a finalist in the Customer Focus Award category of the National Business Awards. In the same year, XLN achieved CarbonNeutral status, making it one of the first companies in its sector to earn this certification. 2010 has seen XLN win awards in the Global Business Excellence Awards, Best Company Awards and been nominated as finalists in the Federation of Communication Services and Fast Growth Business awards.

Financial Capital

March 13th, 2020

Financial Capital, also known as economic capital, is money used by businesses in order to buy what they need to produce goods and services. It differs from real capital as it refers to funds provided by investors used to purchase the necessary items used to run a business. Real capital refers to those items used to run the business. Financial capital always comes at a price, usually interest which is determined by the time value of money. Capital contributed by the owner of the business is known as own capital and that which is borrowed from another institution is known as borrowed capital.

Financial capital is a liquid medium or mechanism that generates wealth or other capital. These liquidity requirements vary and there are various markets created to trade them on. There are four functions combined to create capital assets, these are: medium of exchange, standard of deferred payment, unit of account, and store of value. When the four functions are satisfied it is known as money and does not need to be traded on financial markets as there is no risk involved.

Sometimes financial capital investments are backed by the government from a closely regulated reserve. These investments are traded on the money market and reveals differences in probability of debt collection and store of value of that currency. Financial capital may be traded on bond markets or reinsurance markets with different degrees of trust in the social capital of the bond-owners and other entities that trade financial investments.

When these instruments have deferred payments there is usually a higher rate of interest than the standard rate paid by banks, those that contain fixed payment schedules and a uniform rate of interest are known as fixed income investments. A variable rate loan, such as a home mortgage, reflects the standard rates of deferred payment set by the prime rate and increased by some percentage.

The trades that take place in Financial markets consist of underlying assets that do not consist completely of financial capital investment, but move up and down in value in accordance with the trading of financial derivatives. Many things can affect the price of the financial capital investments that are sold in commodity markets such as boycotts, embargoes, and weather that effects production. Stock markets, on the other hand, are more affected by trust in corporate leaders such as capital from consumers, social capital, and internal organizational efficiency such as instructional capital and infrastructural capital.

The relationship between Financial capital and all other forms of capital is assumed in central bank policy and are characterized by a political economy. Therefore, the supply of money and regulations on financial capital are representative of a country and determine the allocation of labor. Legislature determining the increase or decrease of the money supply based on inflation or other means reflects the value of financial capital compared to the other types. All forms of capital are connected as the affects that inflation has on financial capital reflects all other forms of capital as well.

Marketing, Promoting and Advertising Your Business

February 28th, 2020

One thing that goes without saying in today’s business world, is that regardless of the nature of your home based business, a website is an absolute MUST. Whether you have a product or service to sell, whether local or global, your business will go nowhere fast if you don’t have an online presence. If you need internet marketing help, you’ve landed on the right article. I’ll give you some home based business marketing ideas that will help you promote your business successfully.

The first step is choosing a domain name and getting it registered. You can build your own website (if you have the time) and host it yourself or you can have everything done by another company (if you have the money). Either way, you have many options and tools at your disposal that can align with your business plan and budget. Also note that you can still start your own home based business even if you don’t have a product or service to sell. There are thousands of individuals and companies that have products you can sell for them while earning a commission, called affiliate marketing.

Of the many business marketing strategies known to man, internet marketing is, hands down, the best strategy to use for promoting a home based business as it is the cheapest method and has the potential for reaching millions of people all over the globe. Driving traffic to your site through online resources is like killing two birds with one stone. You can tackle print advertising by writing articles and publishing them to directories and ezines and by submitting ads to the many available (and most of them free) classified ad sites. Online media advertising encompasses writing press releases and distributing them to press release sites. One of the biggest and most popular online advertising trends today is via social media advertising through sites such as Twitter, Facebook, and LinkedIn where you build relationships with your customers. Forums and communities are also great ways to build relationships which helps promote your home based business in the long run. Simply Google your market or industry with the word ‘forum’ or ‘community’ behind it and search for one or two that seem to be the best fit for you.

All of these methods of online advertising contribute to search engine optimization (SEO), which is to say improving your online visibility and escalating in the search engines like Google, Yahoo and Bing. Your goal is to claim the #1 spot in the organic search results (the results on the left, not the right side which are paid ads). This is where your traffic will come from. If you are 800 in the list of search results, no one is ever going to see your site because very few people have the time or patience to scroll through 800 search results. Research shows that people typically won’t even scroll past 4 or 5 search results, let alone 800.

Can you grasp the importance of internet marketing for any business? If you are new to the internet marketing phenomenon and don’t know exactly where to start, there are many great programs or systems online that walk you through every aspect of marketing your online business. A lot of these systems were created by online entrepreneurs who have spent thousands of their own dollars trying to figure it all out over the years and finally DID. Their sacrifices have made it easier for newbies to become successful at their own online home based business. If you are new to running your own home based business, I recommend you find a great system (do your research, read reviews, ask questions in forums) and start marketing your home business from there. Don’t waste the time and money that so many of us have in going it alone, without a proven system, as it will just set you back further and hinder your progress.