Emerald Corporate Connecting you to the world of business travel
August/September 2014 – Issue 1
|Emerald Corporate newsletter aims to give you an occasional snap shot of what is happening in the world of travel. It is brought to you by Emerald Corporate, part of the Emerald Global Group which has been arranging business and leisure travel for over 35 years’.With summer now ending attention is being drawn to the autumn and winter. If you are planning a visit abroad whether it be for business or leisure, our team of account managers are ready to help source the most competitive and convenient flights/hotel accommodation for you.|
|Economy is growing
Headlines such as the economy is recovering and consumer confidence has returned are eye-catching and welcoming but should businesses feel the worst is over?According to BDO firms are often more at risk of failure at the beginning of a recovery, struggling to cope with demand for their services and products when demand increases. So how can companies respond, what should they be doing to help overcome this potential risk?A good cash flow is imperative. When economic recovery is under-way there is a risk of taking on more work than can be fulfilled with early warning signs being cash-shortage and having to look to extend overdraft facilities as companies pay out more to suppliers than receiving from customers. Companies should therefore be looking to invest in their business, ensuring they know their break-even point and profit margin on all sales generated.Be aware of late payments with companies factoring this into their plans and according to a Small Business Survey carried out by the Department for Business, Innovation & Skills 55% of medium sized businesses encounter this issue. To avoid late payments invoice earlier and chase more rigorously.Communication is key both internally and with trading partners. Management information is important and helps to be an indicator of the health of the business. Ensuring good forward planning is in place is crucial because when businesses are taking off during recovery this planning can be lost; companies should always have a plan B, being proactive rather than retroactive is central and will help create a buffer when unexpected events occur.
|Airline news The Queen’s Terminal, Terminal 2 at London Heathrow opened on 04 June 2014 replacing the airports oldest and original terminal and is now the new home of Star Alliance member airlines who are moving in and will all be housed there by the end of October. This will result in quicker check-in, security checks and faster transfers.|
|Are you doing business with China and looking for a convenient travel solution? Well look no further than British Airways and emeraldcorporate.TMC British Airways has China covered with its network of 25 cities including direct services to the business centres of Beijing, Shanghai, Hong Kong and Chengdu.The direct three-weekly service to Chengdu, capital of the province of Sichuan and its new A380 flight to Hong Kong from London Heathrow, means business travel got just that bit easier, convenient and more comfortable.So if your business takes you to the red dragon of Asia look no further than British Airways and emeraldcorporate, your travel management company offering you the perfect partnership.|