Grow Business

Do I Need Fintech Compliance Authorisation

In this day and age, fintech compliance authorisation seems to be a must have, and especially if you’re interested in starting a business in the United Kingdom. However, many people are still not familiar with this process, or even what it requires them to do. Well, it’s all rather simple and easy, and all people need to do is follow a could of simple steps, and the authorisation is as good as done. Well, of course, it’s not done immediately, seeing how it takes up to about a month to review the papers, and the up to 6 months to resolve any underlying issues, but the most important thing is to start the authorisation procedure, and here’s how you do it.

Here is what you’re going to need in order to complete your application for authorisation. This whole process is done online via a vendor such as Fintech Compliance, and is rather simple. So, you’ll need your firm’s compliance procedures; your firm’s compliance monitoring programme, your firm’s detail regarding financial crime procedures, and your firm’s procedures on disclosure. Let’s go into details with each of these four.

When it comes to the compliance procedures that your company ought to prepare, keep in mind that no documents actually need to be attached or sent to the Financial Conduct Authority. However, you must have them by you at all times, in case they need to be inspected by the authority in the future. So, keep them available.

Then, we come to the compliance monitoring programme, which is basically a set of actions that are going to make sure that the firm continues to comply with the procedures. The firm ought to send this together with their application, and it needs to be especially tailored to the business your firm is doing. Also, the type of regulated activity that your firm plans to carry ought needs to be taken into account here. So, make a plan of what kind of checks your company is going to make, how often are they going to take place, who will carry them out, and what kinds of records of these checks are going to be saved as a proof of them ever happening.

The financial crime procedures part doesn’t have anything to do with the actual crimes, but the possible crimes that might happen in the future, and how your firm plans to prevent them from happening. Make sure your firm has procedures in place that are going to stop third parties from committing financial crimes. These procedures ought to include the steps that your Money Laundering Reporting Officer knows their duties, the procedures that are going to make sure that the applicant firm obtains ample evidence on the identity, proper systems and controls that should stop any possible financial crimes, anti-money laundering training programme for the firm staff, as well as the disciplinary procedures for staff members that refuse to report any suspicion of a financial crime occurring.

And finally, we come to the disclosure requirements, and this basically means that your firm needs to have proper procedures in place for the firm to be in compliance with the rules on disclosure.

Grow Business

Integrated Management Systems Training Courses

Integrated management system is something that allows for a company or organization to move forwards a lot better, and thankfully, everyone can do it today, because there are courses on the matter, and every single company or organization can learn how to incorporate it in their business. Which is what our great friends over at Harlands did and now they’re reaping the rewards. So take this advice very seriously as the benefits can be immense! These courses teach the delegates all about the various standards that need to be implemented in order for the business to run better.

The great thing about these courses is the fact that they don’t last long; they can be completed in just two days, and they also satisfy the requirements of prior knowledge which is necessary for everyone wishing to attend them.

What are the Key Topics?

As we have already said, these courses help people get their companies or organizations to run a lot better. They do this by implementing the topics of the courses that help the delegates understand their faults and correct them. The main topic of the course has to be the getting the delegates to know all about the integrated management system, which is based on business procedures. However, there are other topics that this course is going to get the delegates familiar with, and it includes all the key requirements that the various management system standards possess. And finally, the topic of the integrated management systems courses offers has to include an integrated approach that should help the delegates learn how to develop a management system.

Who Should Attend These Courses?

The main group of people that should definitely attend these courses are the managers, and more precisely the Quality, Environmental, as well as the Health and Safety managers whose task is to develop the system that ought to be an integrated management system. Then, these courses by Bywater also ought to be attended by all the managers that wish to develop business management systems, and the best way to do that is by understanding all the benefits and the potential pitfalls of them.

Apart from the auditors, these courses should also be attended by the senior managements of a company or organization, which needs to keep supporting the opportunities for the improvement of their business, and this seems to be the best way to accomplish that. Also, the personnel that needs to get to know the management system standards a bit more and acquire an awareness about it.

What are the Outcomes?

The outcomes that these courses offer will significantly improve your company or organization, and by the end of it, all the delegates that have taken part in this course are going to be able to see all the benefits that the integrated approach to management systems brings to their organizations; they will be able to demonstrate their newly acquired knowledge on the requirements as well as the structure of the new standards; and finally, they will be able to appreciate the benefits of the synergy between the management system standards that they have been learning about for the past two days.

Grow Business

How SEO Can Help your Small Business in 2016

Marketers have started improving their ranking in the search engine optimisation. This is simply because of the fact that this helped them in their credibility. This 2016, it just exactly is a good idea to pay attention to your SEO for it to help your small business.

More User-Friendly and Better Website

This 2016, SEO can really be beneficial to your small business. This will help in creating a more user-friendly and better website. For instance, Google love it having websites that are user-friendly. This is due to the fact that these enable visitors of having a good experience. So the first step for you as a business owner is to get in touch with Dotcentric Episerver Development and ensure your website is SEO rich.

In this regard, your website will even rank higher as long as it provides a more improved and better user experience. Remember that SEO is not entirely about the search engines. It is also focused on the users. When users are happy, the search engines will also be happy. By implementing smart SEO techniques and strategies, you will be expecting an improved user experience. This factor can help your site to rank higher.

Helps Businesses in Finding New Customers

When you get focused on SEO this 2016, it will simply make it realistic for you to grow your customers. Since you open or launch your website, it will help you reach out to a lot of your customers. Even based on a research, it has revealed further that websites grow twice as fast as those businesses that do not have it. With SEO, it can help you get ranked in the search engine. This serves as a good factor that increases traffic back to your website.

Improved Conversion Rates

You may have not successfully increased your conversion rates of turning visitors into potential customers. That is why, this 2016, it is a must for you to optimise your SEO further with an SEO consultant london (check out Gareth’s site). It should be made easy and user-friendly. This is simply compatible and fast with mobile phones and tablets. This also helps translate to improved conversion rates. For sure, those visitors who visit your website will be more likely to use or purchase the services that you offer.

Higher Ranking

One of the ultimate benefits that you can enjoy from SEO is a higher ranking. Incorporating and researching the right keywords is essential in ranking your website properly. With SEO, you learn more about the keywords that people who search for your service or product will use.

When you make use of the right keywords, Google, for instance, will know that your website has all the information that people look for. This will help in ranking it higher.

In this regard, there is a need to expand your presence on social media, build a strong influence in the business industry and improve your brand name among your audiences. Try incorporating the best SEO strategies and the trends in the search engine rankings. When you employ the best SEO strategies, you will surely reap all of the benefits in the long run! Be at the forefront of the market this 2016 with SEO!

Grow Business, Task Management, Team Management

team-coaching‘Project team synergy’ refers to the concept of achieving results greater than the sum of the team. For example, if ‘a’ gives an output of 5, ‘b’ gives an output of 10, and ‘c’ gives an output of 20, ‘a’, ‘b’, and ‘c’, when work together, give an output of 50. The sum of individual outputs without teamwork is 35, but the three individuals manage to achieve an output of 50 by working together.

This concept certainly does work in the real world. In fact, synergy is the only reason life on Earth has managed to survive this long; and it’s the reason we humans are trying to make up for the harm we have caused to the Earth.

Why Synergy Works

AAEAAQAAAAAAAASeAAAAJDE5ZDc4ZmJhLTRkN2EtNGM1Ni05ZTA4LWQyMzcyZDBmNjY5YQSynergy is really easy to achieve once the effort is made. Working together aids understanding of all situations, as well as effective utilization of all available human resource.

This is why synergy is achievable:

  • Teams share a sense of common purpose. When working together, it is easier for each individual to understand that the entire team has to work on the same task and any effort will help.
  • No matter how large a group is, unless it is working together as a team, it is impossible for them to understand what’s actually going on. Instead of merely being aware of one’s own part, it is necessary for each individual to understand what’s going on in the business. Unless one understands a business, it is nearly impossible for one to accomplish what the business needs and complete the actual job of pushing the business forward.
  • Teams that share a healthy communication are able to identify specialties and weaknesses of each AMNT-Nov14-Inter-team-750x300member. This makes effective segregation of work and better utilization of the available human resource a lot easier to achieve.
  • Roles are shared and balanced among team members, which ensures greater efficiency.
  • Teams that work together focus on accomplishment of tasks rather than competition and interpersonal issues. This ensures greater output and better quality.
  • Differences of opinions are easily accepted and even encouraged. When teams work together, any pieces of advicecan make a lot of difference.
  • Mistakes turn into learning opportunities instead of causes of penalties, and creativity gets more space for growth. This fulfills a business’ requirement of new ideas as well as eventually productive risks.
  • Team members help each other understand the objectives of each project, which minimizes mistakesbusiness, people, statistics and team work concept - close up of creative team with charts and gadgets meeting and drinking coffee in officeand inaccuracies present in any products. The product turns out to be more client-focused, and hence, better in quality.
  • Team members consider the team as an important factor for their personal as well as professional growth. Coexistence becomes easier, and hence, so does survival.

Project team synergy can help your business achieve high output and quality. While ‘negative’ synergy certainly does exist, it’s pretty rare. Negative synergy can result due to personal differences or professional incompatibility. However, human adaptation can easily eliminate negative synergy and produce a positive counterpart.

Project team synergy can increase quality, productivity, and profits by not just 10% or even 50%, average results can be anywhere around 100% to 500%.

Grow Business, Task Management, Team Management

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Teamwork is the lifeblood of any business organization. Even franchise business owners benefit from traditional business advice. So check out what franchises for sale are with Franchise Info now! You won’t regret your decision getting into this market.Without a cohesive team, reaching business goals will be difficult. When you have a core team comprising four to five employees, it is essential to bring everyone on board to reach common objectives.

A tight-knit team will ensure professional success through better inter-personal rapport. When the work environment is conducive to teamwork, employees will enjoy coming into work on a daily basis. Here are a few ways you can a small business team together:

  1. A strong foundation

Building a strong foundation from the get-go is imperative. The first task involves choosing team members that have a good synergy. Use Clear Check (https://clearcheck.co.uk/) to ensure you are hiring the right people. If there are members who prefer working alone, avoid making them part of your team.  Also, team members should have complementary skill sets to ensure goals are achieved faster.

  1. Goal-setting

To bring a small business team closer, the focus should be on the collective as opposed to the individual. Setting business goals that are beneficial to the team as a whole is imperative.When the team works towards a common goal, they will have no option but to collaborate and cross-communicate to reach them.

  1. Conflict resolution

Make sure to resolve disputes even before they can happen. Notice the subtle signs of tension brewing between team members.Find a way to stop the dispute from escalating into something bigger. Solving disputes proactively will ensure fewer disagreements.

  1. Team rewards

Always remember to thank the entire team for a job well done. Do not hand out individual thank-you notes.Take the entire team out for dinner and drinks after work.When a small team achieves a big goal, they can discuss the achievement over dinner. The team will grow closer as a unit.

  1. Group participation

Involve the entire team when making tough decisions. Do not include a few and exclude the others. It could foster contempt and an unhealthy rivalry. When brainstorming ideas, ask the entire team for inputs. When the group members discuss ideas and share thoughts, you can be sure of arriving at the best solution.

  1. Smaller Teams

For individual projects, it is always a good idea to have smaller teams. Ensure two or three members of a group work together on an assignment. Make people work in closer contexts to facilitate better communication. Smaller teams will ensure better inter-personal relations.

Encourage out-of-the-box thinking

All teams come with different ideas. Some members might even have thoughts and ideas that are “out there”. Always listen to those ideas. You might just strike gold with a seemingly obscure idea.

  1. Switch Roles

Do not let members of the team get bored with their job roles. Always remember to switch roles to ensure fresh ideas. The person handling marketing could be given content writing. Or, the lady handling sales could be made to handle marketing. A switch up will keep things new.

  1. Idea exchange

A good leader never takes decisions on his own. Do not alienate your group members from the decision-making process. Ask them for opinions. This will build better understanding and trust among team members.

  1. Bonding

Confining your team to the four corners of an office space will hamper productivity. Arrange for a day out for better team building. Not only will conversation flow, group members will come to trust each other.

  1. Support

If there is a “weak link” in the team, ask the others to support him or her. When you uplift a member of the team, the entire group will learn to work cohesively. The “star performers” should never be treated differently.

For a small team to function well, you have to be able to invest time in building synergy.