Trust is hard to develop and can be lost in the blink of an eye. Without it, many business and finance relationships become prohibitively costly. Now blockchain and other new distributed ledger technologies (DLT) are proposing to reduce or even eliminate the need for trust. We argue in this short article series that to be valuable to customers, such projects cannot ignore the tremendous efficiency gained from trust in many situations.
In follow-up articles, we discuss the findings of the Imperial College London MSc consulting team . Their study revealed a very much nascent sector with projects of wildly differing levels of maturity. In another article, we look at LakeBanker, a project we are delighted to be advising. Their team is engaged in an ambitious approach to make better use of trust and data in finance with their flavour of Crowd Banking.
Continue reading “Blockchain is not the panacea in business and banking”
EXPORTING will narrow our dangerously high trade gap – that’s the mantra. The UK Secretary of State for International Trade has admitted that the government’s goal to double exports to £1T by 2020 is going to be missed.
One reason for this is that smaller businesses do not have the tools, processes and resource necessary to trade compliantly and ultimately profitably – some only see risks in exploring outside their home market. Every international order in a new or existing market with a customer requires compliance to customs requirements, export controls, anti-fraud measures, 3rd party screening, etc.
Continue reading “Simplify the export journey to support our small businesses”
This week, we are delighted to have another guest post from
Edward Hardy, Corporate Market Analyst of foreign exchange specialists World First.
Scaling up and crossing borders is no easy journey for any business, no matter its size or ambition. The process of navigating different regulatory landscapes should not be underestimated and can be costly if it is not done properly.
Continue reading “Guest Article: Planning ahead is the key to success when entering a new market”
Please raise your hand if you’ve ever made a price commitment to a buyer only for someone to point out that that it’s unprofitable or clashes with some internal policy or contract?
Continue reading “5 tips for first-time success for your international sales deal”
In our previous blog we supported the Remain argument. Uncertainty of exit will not be clarified for many months if not years. Smaller organisations will be disproportionately affected by uncertainty as effects spread through the economy.
Continue reading “Wrexit – which Brexit model?”
As a small business assisting other small businesses exporting we are often asked our position on the EU referendum. This is a staggeringly broad subject – and we confine our view purely to the process of export order fulfilment.
Continue reading “Brexit – stay or go?”