10 Golden Rules of Networking Reply

Bournemouth Chamber of Trade & Commerce

Business Networking could be your key to success and it can be fun too.

But many business owners find it scary, especially in the beginning, it just doesn’t feel natural to walk into a room full of strangers and then randomly choose someone to talk to and give them your elevator pitch.

Personally I think that’s the wrong approach, no one likes being sold to, the right approach is to ask people about their business, everyone feels much happier talking about themselves.

So with that in mind, here are my 10 Golden Rules for networking:

  1. Choose the right events – There are so many events in Bournemouth that you could fill your week with them, so be selective, which events are you most likely to meet people that you can collaborate with or do business with
  2. Attend regularly – People do business with people they know, like and trust

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How does BCTC work with Local Businesses and the Council? Reply

Bournemouth Chamber of Trade & Commerce

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What can you say in 10 seconds to promote your business? Reply

Bournemouth Chamber of Trade & Commerce

At our BH Banter evening networking events we are introducing the 10 second pitch.

I know that many groups have longer pitches but equally we know that some people find it hard to know what to say and it can be a source of worry and make people feel anxious, we want our members and guests to feel relaxed.

The purpose of networking is to generate business and grow your network, so what can you say in 10 seconds?

  1. Tell the group who you are – for example – Hi, I am Steve and my company is Bicknell Business Advisers
  2. What do you do, sell or promote? for example you might say something like… we help businesses to reduce costs, increase profit and minimise tax
  3. Why did you come to BH Banter? for example you could say – to learn new skills, make new connections, solve or get support with…

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The Power of Referrals Reply

Bournemouth Chamber of Trade & Commerce

We all love happy clients and there is nothing better than a client referring you to their business contacts.

We love referrals too, so don’t forget to tell your friends how Bournemouth Chamber of Trade and Commerce help businesses and charities in Bournemouth.

3 great referral tips

  1. Only refer people when you have first hand experience – so its someone you have done business with or have worked with – don’t refer people that you don’t know, its all about trust
  2. Be Specific – try to give examples of how the person/business you are referring have done a good job and why you are referring them now
  3. Don’t look for financial reward – referring people for a referral fee or other financial rewards starts to  make people wonder if you are referring in their best interests or your own.

What goes around, comes around. If you refer people and try…

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5 reasons why you need to network Reply

Bournemouth Chamber of Trade & Commerce

It’s often said that ‘your network is your net worth’ in otherwords the more business connections you have the more value you can add to your business and increase your chances of success.

There are many business networks in Bournemouth, you could probably network every day – Breakfast, Lunch and Evening.

Bournemouth Chamber of Trade & Commerce is different!

  • The Directors of the Chamber are all unpaid volunteers who want to help your business succeed – its a not for profit organisation
  • The Chamber works for the benefit of Bournemouth Businesses and Charities
    • Meeting the Council each month to help resolve members issues and contribute to the economic development of Bournemouth
    • Working with local charities each quarter in the Charity Forum
    • Working with hotels through BAHA and supporting the Bournemouth Tourism Awards
    • Holding regular networking events
      • NEO Breakfast
      • BH Banter – Free to attend
      • BH About – Free to attend

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5 great business blogs you should be following Reply

The savvy bookkeeping blog

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In the 4 years I’ve been writing about bookkeeping on my website The Savvy Bookkeeping Blog I’ve learned a lot from reading other people’s posts on small business.

Here are some of my favourites that I’d recommend having a look at if you’re needing inspiration or tips to run a successful business.

Insanely Clever Marketing

https://insanelyclevermarketing.com/

Penelope is a fellow Adelaidian whose blog covers not only marketing, but also office design and style, as well as office fashion.

One of my favourite posts: Where the heck is your branding? Get it recognised now

Cath Cox

https://cathcox.com/

Cath runs her own massage practice in the U.S and I love this blog because it’s such an honest insight into running a business and what has and hasn’t worked well for her. Cath’s blog has tips on such things as handling your small business taxes, getting new customers and much more.

One of…

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Did you know Life Cover is now classed as a business expense? Reply

Business Accountant

on-phone-and-laptop

Life Insurance is now tax-free and classified as a business expense.

Offering death in service benefits to you or your employees ensures they don’t have to worry about their loved ones should the unthinkable happen. Whether you’re a company director who wants to offer it to you and your staff, or contractor who wants it for your own family, Life Insurance has always come with hefty tax implications. But that’s no longer the case.

Changes mean big savings.

As a director or a contractor you probably aren’t aware of ‘A Day’ and why would you be. Back in April 2006 there was a big change in legislation (known as ‘A Day’). Though this was over a decade ago many people still aren’t aware of the significant savings involved.

Here’s what ‘A Day’ means for you:

  • Life Insurance premiums are not taxed on the employee as a P11.

  • Premiums can be…

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Three reasons why Directors love Relevant Life cover Reply

Business Accountant

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If you’re a Director, you may already have Life Insurance to look after your loved ones after you’re gone. In return for paying a monthly premium, it pays out a lump sum to help look after them. But many contractors are switching to a product called Relevant Life cover, because it is much more cost-effective. Here’s why.

  1. It’s classed as a business expense.

Unlike traditional Life Insurance, which you pay out of your own pocket, Relevant Life cover can be classed as a business expense. That means the monthly costs can be put through your books, making it eligible for tax savings.

  1. You can save up to 100% of the cost personally.

No matter what your tax bracket is, you could save 100% on the cost of your life cover by placing the plan on company expenses. Taken over 25 years this adds up to a considerable amount. For instance…

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A Guide to Trusts and Tax Efficient Life Insurance Reply

Business Accountant

relevantlife_icon

When it comes to planning your family’s financial future, it makes good sense to take all steps possible to protect their standard of living. Arranging your life insurance in the right way, to give your loved ones the maximum possible benefit  is an important consideration. One option when taking out life insurance is putting the policy into a trust. And yet according to insurer Aegon, only 6% of life-insurance policies in the UK are set up in this way. 
This is surprising as it can be advantageous and is very simple to do. Many Contractors are now opting for a tax efficient Relevant Life Plan as all policies are written into trust from the outset (in order to meet HMRC qualification for tax exemption) and in doing so place the cost of life insurance on company expenses without alteration to their P11D status (they also benefit from 20% corporation tax relief on the…

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Accountants – Would an auto enrolment pre-assessment tool be useful? 1

Business Accountant

Auto Enrolment is now in full swing and starting to affect small and micro employers. Many of these employers do not understand auto enrolment and do not want any ongoing involvement with the process. A key concern for small and micro employers is how much auto enrolment will actually cost their business.

With auto enrolment, employers are faced with additional ongoing costs, including the employer contributions each pay period. What is the easiest and most accurate way for an employer, or a bureau on their behalf, to calculate these costs?

BrightPay have developed a pre-assessment tool, which enables users to automatically prepare a pre-assessment report. This report is useful to send to clients 6 months in advance of their staging date, giving the employer a preview of what auto enrolment will look like when they reach their staging date.

The pre-assessment tool uses employee details from the current pay period…

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