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Cost-of-Living Crisis: UK worker’s earnings lowest since 2013 ONS finds 

Sam Allcock
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Cost-of-Living Crisis: UK worker’s earnings lowest since 2013 ONS finds 

New research shows this is hitting those with financial dependents hardest, with 1-in-4 Brits now admitting their biggest mental health strain is managing family finances 

Money management experts – HyperJar – reveal how financial burnout is hitting people hardest when the buck stops with them 

  • 25% of Brits say their biggest mental health strain comes from the pressure of being responsible for their family’s finances
  • 11% of Brits feel their children have missed out on experiences because they’re unable to budget effectively
  • 15% of UK adults are concerned they aren’t teaching their kids positive money skills
  • 1-in-5 Brits state the responsibility of financial dependents means their own desires for how to spend money comes last 

As the UK experiences the worst cost-of-living crisis seen in over a generation, households of every type across the nation are feeling the financial pinch. It’s been announced by the Office for National Statistics that the average Brit’s take-home earnings are the lowest they’ve been since 2013, with inflation on track to reach at least 10% by the end of the year. Paired with the rise in government taxes and talks of the economy potentially entering into a recession, consumers are facing an unprecedented decline in their disposable incomes.

The pressure is now on the government to do more to support those hit hardest. From the 14 million unpaid carers and the 3 million single-parent families to the 2 million multi-generational households, Brits who are responsible for their family’s finances are coming under insurmountable pressure to provide the bare necessities whilst also budgeting for fulfilling life experiences. With 43% of the UK population dependent on their loved ones or guardians to remain financially stable, the impact of the current financial climate is impacting both their mental health and financial futures. 

In a new national study from the UK’s most awarded personal finance startup, HyperJar, the cost of financial burnout experienced by UK families has been brought to light. The data has unveiled that 1-in-4 Brits admit their biggest mental health strain comes from the pressure of being responsible for their family’s finances, whilst 1-in-5 Brits state the responsibility of accounting for financial dependents means they’re unable to stretch their own budget for the things that make them happiest. 

With roughly 28 million families across the UK navigating these changes balancing their family’s financial responsibilities with their work-life, now more than ever the pressure to provide is coming to the fore. As the current economic climate continues to cause families to assess their financial futures, HyperJar’s research unveils that 1-in-10 parents in Britain feel their children are missing out on experiences as a result. In addition, 15% of UK adults have expressed concerns that they aren’t teaching their childrenpositive money skills that they can carry with them later in life. 

Key Statistics

  • 25% of Brits say their biggest mental health strain comes from the pressure of being responsible for their family’s finances
  • 20% of Brits state the responsibility of financial dependents means their own desires for how to spend money comes last
  • 15% of UK adults are concerned they aren’t teaching their kids positive money skills
  • 11% of Brits feel that their children have missed out on experiences because they’re unable to budget effectively 

 What HyperJar can do to help

Taking inspiration from the simple saving mechanism of the jam jar, HyperJar provides a visually engaging saving app that empowers users to control their expenditure and reorder how they use their money. From nurturing sensible spending habits for children, to being rewarded for committing expenditure with household name retailers with a 4.8% annual growth rate, HyperJar’s digital Jars represent an easy method for managing personal finances. 
 
Helping Brits get in control again, HyperJar’s simple toolkit of clever tech puts us one step ahead, one jar at a time, helping our reaction to ‘money’ transform from being a trigger of fear, to a source of feeling in charge again. Whether it’s teaching your kids to budget their pocket money, putting a collective jar together to save for your summer holiday, or keeping track of how much you spend on the weekly supermarket shop, HyperJar is here to help you use your money in smarter ways. 
 
HyperJar CEO and founder Mat Megens is able to comment on the following: 

  • How personal finance troubles affect our mental health 
  • How Brits can budget and save more effectively amidst the cost-of-living crisis
  • What HyperJar can do to help those who need support managing their family finances 

Awards and recognition

HyperJar’s innovative product has resulted in the company winning Startup of the Year 2022 and Personal Finance Tech of the Year 2022 at this year’s UK Fintech Awards. It also currently holds the Most Disruptive Payments Technology of the Year and Money Management App of the Year titles from the 2021 Payment Awards. They also took home ‘Best Personal Finance App’ and ‘Innovation of the Year’ at the 2022 British Bank Awards and the award for  ‘Best Payment Industry Newcomer’ at the Card & Payments Awards 2022.
 
The Technical Stuff
HyperJar Limited is a UK-based tech company bringing its money management app to market with an aim to turn saving funds into an easy, digital experience. Money paid into HyperJar accounts is kept in the Bank of England, managed by Modulr FS Limited, an authorised Electronic Money Institution regulated by the Financial Conduct Authority. Modulr is a directly connected participant to the Faster Payments and Bacs schemes.
 
Mastercard, the world’s fastest payment processing network, provides the payment rails for the HyperJar prepaid card. Carta Worldwide receives and processes all the Mastercard transactions. Monavate Ltd, authorised by the Financial Conduct Authority, issues the HyperJar card. TagNitecrest produces the HyperJar Mastercard.

APOCALYPTIC FOOD PRICE WARNING: BEAT RISING COSTS WITH THESE 7 SUPERMARKET SAVING TIPS 

Sam Allcock
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APOCALYPTIC FOOD PRICE WARNING: BEAT RISING COSTS WITH THESE 7 SUPERMARKET SAVING TIPS 

The governor of the Bank of England has described the possibility of food prices rising even further as a “major worry”. Andrew Bailey, who apologised for sounding “apocalyptic” with his comments, cited the war in Ukraine and food supply issues as some of the reasons for surging prices. 

The development signals another blow for millions of UK households, who find their finances stretched due to the ongoing cost of living crisis. 

With food prices going up, it’s vital to slash costs and save wherever you possibly can, especially with your weekly supermarket shop.

James Andrews, Senior Personal Finance Editor at money.co.uk, said: “Food prices are rising, with everything from global supply chain issues, European war and soaring energy costs making goods more expensive. 

“While none of those are things you can control, if your normal weekly shop is starting to look unaffordable there are ways you can make significant savings at the supermarket – as long as you plan ahead and shop smart.
 

  1. Use loyalty schemes to get ahead. Sainsbury’s Nectar and Tesco Clubcards let you collect points as you spend, which can be redeemed for discounts. Tesco has also introduced ‘Clubcard Prices’, with members paying less for some products on the shelves. As both are free to sign up to, there’s no reason not to take advantage of the savings on offer.
  1. Vouchers and discount codes can also be used to shave valuable pounds and pennies off your bill. They’re often made available to parents and caregivers to help with food costs at major stores. Check with your local authority or your child’s school to see if you’re eligible. 
  1. Discount codes and introductory offers can also cut your bill. Look for them on supermarket websites or in the store magazines at the shop’s entrance and exit. Grab a copy while you’re there and scour for any deals.
     
  2. If you shop online, you can compare prices more easily. By putting together a basket on the main sites, you can compare the total bills (before paying) to see which is cheapest. Just make sure you include any delivery costs.
     
  3. If you can vary the time of day you shop at, ask in your local store when they generally start putting out discount stickers. By heading to the store then you could end up getting big reductions on what you need.
     
  4. Before going to the shop, do a full inventory of your fridge and store cupboards to check what you already have and what’s close to expiry. Use these items as the basis of a meal plan for the week and get the rest of the ingredients at the supermarket to cut down on waste.
  1. Our final tip sounds obvious but it’s too important to overlook – make a budget. Figure out how much you can afford to spend before arriving at the shop and plan your meals with a list, then tot your items up as you go along. If not, it’s easy to end up spending an additional £20 or £30.

“While these methods can help you save, it’s important to remember that no amount of savvy shopping or clever cooking can feed a family for £0. 

“If your finances are stretched to the point that you’re struggling to afford food, you need to find your local foodbank. The largest foodbank organisation in the UK is the Trussell Trust, with over 1,200 centres across the country. Use their website to find your local foodbank.

“For more tips and tricks on chopping the price of your weekly shop, use money.co.uk’s handy guide: https://www.money.co.uk/guides/10-ways-to-cut-the-cost-of-your-weekly-shop.htm.”

How can Fraud Rings Harm your Business?

ABC Staff
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How can Fraud Rings Harm your Business?

Most online frauds thrive on merchant complacency, and fraud rings particularly look for merchants who are naïve to fraud rings’ threats and have a weak payment solution.

Before moving forward, let us understand what fraud rings are. Fraud rings are an organized circle of notorious fraudsters and criminals. These professionals use the same tactics as smaller scammers, but they do this on a larger scale. 

Though most fraudsters specialize in one type of attack, they often overlap with cyber and general criminals.

Threats from fraud rings often arise unexpectedly, and that’s why it’s essential to understand how it can harm your business.

Let’s dive in!

How can fraud rings harm your business?

Here are a few ways in which a fraud ring can harm you and your business:

  1. Be watchful for identity fraud rings

You might be surprised to know that identity fraud rings work like an organized corporation. In one such example, the fraud ring purchased valid social security cards, then sold these cards to customers to obtain driving licenses and other identity proofs.

Interestingly, these fraud rings helped their fake customers build a high credit score by adding them to existing credit card accounts.

Source

Once customers with fraudulent activities obtained a good credit score, they opened fraudulent bank accounts and credit cards. Frauds like these can cost credit card companies and banks millions of dollars.

The ability to uncover fraud ring methods is the key to success and can prevent your business from getting targeted.

  1. Be alert for SIM swap fraud ring

In a SIM-swapping fraud ring, these sophisticated fraudsters replace a target’s legitimate SIM card with one that belongs to the fraudster. These attackers then initiate password resets for bank accounts, emails, cryptocurrency holding, and other financial sources.

With complete control over the SIM card, these professionals can reset passwords by accessing text messages the account provider sends. In 2019, a SIM-swap fraud led to $1.8 million in cryptocurrency theft.

As a business owner keeping an eye on these activities can prevent you and your customers from falling into the trap of fraud rings.

  1. Be mindful of credit card fraud rings

A credit card fraud ring might occur when real customers receive fake credit card bills for purchases they never made.

Fraudsters use synthetic identities to commit credit card frauds and never pay the bank holdings their debts. These sophisticated criminals mix and match real customer names, their date of birth, and social security numbers to create fake identities. They apply for a genuine credit card and start charging the bank money.

Source

These fraudsters might use shell organizations to write checks in bogus accounts to enhance the credit limit of ill-gotten cards.

Such frauds can affect brick-and-mortar stores, online stores, and any company that accepts the card not present (CNP) scenario.

How does a fraud ring operate?

As clear from the above examples, fraud rings create fake claims, print counterfeit currency, and steal the identities of genuine customers. While some fraudsters prefer targeting ecommerce websites, government agencies, and charities, many might focus on identity theft.

Usually, a fraud ring tests software against the company’s payment solution and tries to use their fake gift and credit cards.

When they successfully penetrate the first line of defense, they’re more adept at committing larger frauds. These sophisticated professionals can then hack into your company’s database, steal your customers’ personal information, and make larger purchases.

How do you catch these notorious yet sophisticated criminals?

Here are three tips to help your business detect and prevent these fraud rings from entering and jeopardizing your business.

  1. Know your customer characteristics

To prevent such events from occurring, construct a customer profile using data from social media networks and various online registries. Know your online shoppers’ age, gender, location, and interest. 

This can help your business identify irregularities. For instance, knowing your customers are not purchasing electronic items online is key to detecting the technical support fraud ring.

  1. Try linking orders to understand the anomalies in real-time

Another fruitful way to prevent fraud rings from entering your business is to cross-verify new transactions against the previous ones.

When the data from the previous order matches the new order, it’s more likely that the same customer makes the purchase. Regularly comparing data can help you identify anomalies.

Some basic elements to track can include credit card information, device type, shipping and billing details, email address, and IP address.

  1. Hire a technical fraud detection service provider

Hiring a technical fraud detection service provider like SEON can help you keep a hawk-eye on fraud rings. Professionals working in SEON can improve compliance, reduce the fraud rate and help a business run smooth operations.

Another great software to consider is Castle, which helps stop fraudulent activities by making better use of data. 

These tools keep fraudsters miles away from your business by providing services like phone analysis, module, IP analysis, and phone analysis.

Best Ways to Organize Your Move

ABC Staff
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Best Ways to Organize Your Move

Moving to a new place is always exciting and nerve-racking at the same time. The only way to keep things in perspective is to organize every step. Doing so can prevent you from feeling anxious and overwhelmed. Organizing your move is a hefty task, especially if you have a car to transport. Below are some of the best ways to organize your upcoming move.

Research Car Shippers in Your Area

Doing your homework can give you a shortlist of the most reliable car shipping companies and home movers near your current home. Your search can begin online. See if the shippers and movers can meet your schedule. Check their business histories. Read customer reviews and see how the companies resolve any problems. More experienced companies will be worth your time and money even if it means paying a little more. 

Credible home movers should visit your current home. Their quotes will depend on the size of the move and other specifications you may need. Having a clear breakdown of the moving costs can give you a good estimate for your moving budget. From here, you can plan the succeeding days before moving day. 

Prepare Early

Starting your moving tasks weeks or even months before moving day is ideal. This can help eliminate your stress and anxiety. Purging can start about two to four weeks before you start packing. Doing this one room at a time can prevent forgetting things. It will be easier to fill the moving boxes once you remove the unwanted items. Packing should start five to seven days before the big day. This will keep you from living out of your moving boxes for weeks. 

Keep Things in Order

Keeping things organized in your present home can make your move easier. It can save you time and effort. Place the things under your sink in a bin. Put your toiletries and grooming supplies in separate drawer inserts. Pack your shoes in individual bags before putting them in the bin or box. These helpful tips can make unpacking and reorganizing faster when you arrive in your new home. 

Knowing the dimensions of the storage areas in your new home can help you get the right-sized containers that can double as storage units. Labeling them can guide the movers to put them in the right rooms of the new house. All you need to do is remove the lids. Then, insert them in their corresponding spaces. 

Be Thorough While Decluttering

Accumulating many things is natural when you stay in one place for a time. That is why decluttering is important before moving. Doing this can help lighten the moving boxes on moving day. Declutter one room at a time. This can help you focus on the room alone. Check every space. 

Choose the items you can exclude from the moving boxes. The unwanted items may go to charity or your garage sale. Selling some of your belongings can add to your moving budget. Decluttering can reduce your moving costs as well. 

Pack Belongings by Room

You can do this right after decluttering. Get one or two moving boxes for each room. This can prevent over-stuffing one box with items. Avoid placing items from other areas of the house. That way, the moving people can unload the boxes faster. You can then unpack more easily. 

Document Items

Photograph your items. Doing so can help you keep track of them. This is important for placing moving insurance claims in case of loss or damage. Taking a video of your electronics can help you figure out how to assemble the connections again. This form of documentation can also help make your car shipping less complicated in case you place a claim. 

This is important when packing your expensive belongings as well. Having electronic copies of your important documents can prevent you from traveling back to your city to get them again. You can upload these to the cloud for future reference. That way, you can just download each when you need to. 

Prepare Your Vehicle

It is important to remove unnecessary items from your car before the shippers arrive. This can reduce the weight of your vehicle and lower the costs of your transport. It can also prevent unnecessary damage to your car’s interiors. Taking off the removable accessories outside your vehicle can prevent their loss or damage. Placing a small amount of fuel in your car will be enough to let the shipper move your car on and off the transport truck. 

Label Boxes, Folders, and Envelopes

This is a good way to secure your belongings. List down the labeled boxes and their contents. Labeled boxes, folders, and envelopes can prevent you from rummaging through each moving box to find one or two items. It can save you time and effort. You can avoid unnecessary frustration on moving day as well. 

Select the Right Moving Boxes 

It can be tempting to go to the neighborhood grocery store to ask for some free boxes. This may not be a good idea. The boxes you get may have holes or wear spots due to insect infestation and exposure to the elements. Using them may cost you when moving day arrives. Your items may fall through the bottom. They may even lead to damage to your belongings during transit.

Purchasing proper moving boxes can help secure your belongings better. These boxes may cost you more, but they are designed to withstand the elements and minor trauma. You can be sure to have your belongings intact by the time they arrive in your new home. Just remember not to overfill them. This will prevent your items from damaging each other during the move. 

Discontinue Services in Advance

These include credit card companies, banks, cable, gas, water, and electricity. Letting these companies know that you will be discontinuing your subscriptions can make the transition smoother. This will give the companies time to transfer your subscription to your new address. It often takes one to two weeks to do this. Your arrival at your new home will be smoother if you already have your utilities running by then.

An Organized Move Is a Stress-free Move

Keeping things in order can be challenging when you are busy. Even so, it is important to keep things in perspective. Doing so can help you finish tasks according to schedule. Planning ahead and starting early will allow you to cover everything that you need to do. You can then prevent headaches. You could even prevent financial losses during the huge move. 

Getting Cheap lån (Loans) Worldwide

ABC Staff
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Getting Cheap lån (Loans) Worldwide

Cheap consumer loans can be an incredibly important option to have available in the right situations. Whether you need to cover some unexpected and last-minute expenses or just want to buy something that you can’t afford out of pocket, then a consumer loan is often the way to go, especially if you don’t have any other sources of money to rely on.

However, finding the right consumer loans for your needs is always the important part. Anybody can get a random loan that they find available, but it takes a bit of time and effort to find a loan that will actually work for you. The more you prepare and compare your options, the better your loan will be.

Can You Trust Cheap Loans?

Cheap loans are a definite possibility. Many people assume that loans are actually traps, systems designed to drain your bank account without giving you anything important in return – and while some shady loans do this, the majority are perfectly manageable under the right circumstances.

In most cases, these ‘bad loans’ have high-interest rates, poor terms, and conditions, and are sometimes offered by people who can’t even legally provide official loans. In the most extreme of cases, these loans may come from a real-life loan shark.

This gives many people the impression that cheap loans are always bad, and that they should never be used in even the most urgent of circumstances. However, this simply isn’t true – there are a lot of cheap and reliable loans out there that can really help, even if they take some extra effort to track down.

What Makes a Good Loan?

Finding a decent, cheap, and trustworthy consumer loan often means knowing what to look for in a loan as a whole, especially if you haven’t taken one out before. Many people will overlook the basics or end up focusing too much on the smaller details, or feel intimidated by how many different options they have to sort through.

Understanding the ins and outs of a good loan is the most important part of finding one that suits you since no two financial institutions or loan providers will have exactly the same options available.

Overall Cost

Loans, no matter how large or small, revolve around you paying back more than you borrow. While this can seem scary the first time you approach a loan, it’s actually one of the easiest parts to manage, as long as you know what to look for when choosing a loan provider.

It’s always important to choose a loan that fits with the project or purpose that you’re using it for. If you take out too little money, then you obviously won’t be able to afford anything, but too much money means that the interest will creep higher even if you don’t spend your entire loan. The more you borrow, the more you have to pay back, even if half of the loan money never gets spent.

If you’re hunting for the perfect loan for a specific project, then be sure to do some basic price estimations whenever you can. The less you can borrow while still meeting your necessary budget, the less your interest will accumulate, making it much easier to pay back later.

Terms and Conditions

The terms and conditions of a loan are always important, and you should never skip over them if you have the chance. Even a small difference in a loan contract could completely change the way that you’re able to use the money or alter how quickly you have to pay it back.

For example, some loans might have the interest escalate if it isn’t paid back within a certain period of time, or have stipulations where you can only use the money in specific ways. This is most common with business loans since they often require that you only use the money for business purposes.

The last thing anybody wants is to take on a loan that they can’t actually use, such as getting a business-specific loan that they wanted to use for altering their home. Careful reading and close observation of the terms and conditions can help, as can talking it over with whoever is offering you the loan.

Try to learn as much as possible about each potential loan you might want to take on, then compare them to figure out which ones suit your needs the best. It never hurts to be sure of the choice you’re making, and you might discover a better option that’s more suited to your needs.

Trustworthiness

The source of your loan matters as much as the loan itself. While you might think that it would be easy to avoid a loan shark or scammer, a lot of them prey on people who might not have the knowledge or still to immediately detect a fake loan from a real one. Even if a loan is ‘real’, it might have terms and conditions that make it almost impossible to pay back.

Some of the worst loans are the ones that put the recipient in major debt without actually breaking any laws. These can be hard to fight against, since they’re both legal and received your signature agreeing to take them on, so you have to spend some time looking over options before signing any documents.

Aside from the obvious threats, there’s also the more general form of trust. A loan from an individual person might not be as trustworthy as something from a proper financial institution, after all. On the other hand, you might only be able to get cheaper rates when going for smaller companies or groups, rather than using your bank directly.

Finding Loans

Actually finding loans that you can rely on can be equally as hard. Even if you’ve taken out loans before, it can be tough to know where to start looking, especially if you’re trying to find a specific kind of loan for a certain situation.

Search Correctly

Be sure to use the right search keywords when looking for loans online. This could be something very obvious, like specifying the type of loan you want, but there are also more obscure ways to alter your search that can make a huge difference in what you’ll find.

For example, if you have a family member in Norway that needs a loan, then using the term “Billige Forbrukslån” (Cheap Consumer Loans) or “ lån” (Loan) might give you more local options than searching for “Cheap Consumer Loans in Norway”. The meaning of both phrases is the same, but one is specifically a Norwegian term, which can help exclude non-Norwegian results.

Whatever you need, you can find it with the right search terms and internet tricks. Just make sure that you go for a legitimate, reliable company or financial group at all times, even if there are cheaper (but less reliable) alternatives available.

Compare Options

Always be sure to compare each option you find with the others, rather than going for the first result that you find. Just because a site appears at the top of your internet search results doesn’t mean that it’s the best, and in many cases, going for a more obscure option can be cheaper overall.

There isn’t a single surefire way to compare everything, and it can feel like a chore at first, but it’s worth the effort. Spending an hour comparing prices can have you a small fortune if you’re looking to find the cheapest loan available, and can keep you some peace of mind if you’re trying to find the most reliable source of loans you can.

Remember that comparisons are always subjective. One person might find a specific loan incredibly useful while another sees it as a waste of money, mostly because they’ll value different things. If you prioritize the interest rates, then you’ll want something different from a person who prioritizes the amount of money they’re getting.

Take Your Time

You should always focus on handling loans at a slow pace where possible, even if you feel like you’re under pressure to get the money as soon as possible. A lot of shady businesses (as well as completely illegitimate lenders) will focus on people who are rushing to get extra money, so taking things slowly can help you avoid common pitfalls or traps.

Even with legitimate companies, it helps to consider your options carefully. Knowing what you’re getting into is important when it comes to loans, so you can go over the fine print or terms and conditions at your own pace, dissecting and digesting each individual point. The more you know about a loan, the easier it becomes to decide if it’s worth using.

If you’re getting your first loan, then talking with the company directly can be a great way to learn the basics of how they function, as well as some key terms and phrases that might make it easier to understand additional loans in the future. If you’ve used these loans before, then it won’t be hard to skim over the conditions, checking to make sure that it’s all as expected.

Why Your Business Needs a Strategic CFO

ABC Staff
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Why Your Business Needs a Strategic CFO

A CFO who doesn’t lead on strategy is not the right CFO for your business. The role of CFO is one of the fastest evolving positions within the c-suite leadership team. As companies adapt to the changing working environment and the post-pandemic challenges, the strategic role of CFO is becoming more important than ever before.

When you’re growing your c-suite team, a strategic CFO is one of the first appointments that you should make. After all, a CFO is often referred to as the CEO’s “right hand”. You want to invest in a CFO with the strategic skills and knowledge to positively impact every aspect of your business – from auditing and financial strategy to e-commerce.

Whether you’re hiring a part-time CFO, interim, or full-time CFO, strategic skills should be top of your list of desirable skills. FD Capital is the leading boutique financial recruitment agency in the UK and specialises in connecting growing companies with strategic CFOs to take their businesses to the next level. They’re sharing the reasons why your business needs a strategic CFO as part of your leadership team.

The Strategic Role of a CFO

Your CFO plays an overarching role in your business’ strategic process, particularly if you don’t have a chief strategy officer in your leadership team. They’ll play a leading role in the formal strategy process, including documenting decisions and establishing timelines. As your CFO will have close links with your board, they sit in an ideal place within the company structure to lead on strategy.

The modern CFO – but its nature – wears many hats. A strategic CFO will be a leader within the company as the second in command to the CEO, providing analysis and insight to help ground the company’s decision-making process. They’ll also be expected to become a creator of strategic policy by developing an environment that promotes innovation and strategic thinking by becoming a critical thinker and thought leader within the company.

Within the company’s strategy, the CFO will also act as an adjudicator and orchestrator for strategy, deciding which strategies to prioritise and where to allocate financial resources. Similarly, they’ll take on the role of implementing strategies by deciding on KPIs, budgets, and financing options. Finally, the CFO will act as a communicator of the company strategy by engaging with stakeholders.

The CFO as a Strategic Leader

When you’re hiring for a CFO, you want to identify a strategic leader who will ‘buy into’ the concept of the business and its wider vision. The CFO will work closely with the CEO to achieve the company’s purpose and vision through an effective strategy that touches every aspect of the business. Your CFO will implement an organisational structure that creates an effective working environment that maximizes productivity and delivers actionable results.

Part of the CFO’s responsibility as a strategic leader is to make data-driven decisions that allow the company to adapt to the changing environment. Companies that had a strategic CFO were able to respond quickly to the challenges posed by the pandemic and stay ahead of the curve by grounding their decision making in data-driven information and market research.

You want to work with a recruitment agency that takes a tailored approach to their service when hiring a strategic CFO. Every company has different needs – and its own vision. A recruitment agency like FD Capital will start by identifying your company’s specific needs before beginning the recruitment cycle.

Delivering cost-effective and cohesive strategies

One of the most important strategic roles of a CFO is to identify areas of potential financial mishaps within the company’s strategy. Your CFO has a relationship with every department in your company to reduce unnecessary spending and create a cohesive strategy across your company that is cost-effective.

If you’re a start-up or SME, delivering a cost-effective and cohesive strategy is what can give your company a competitive advantage. A strategic CFO will often find themselves becoming an adjudicator within the company by deciding where the budget should be allocated for the best results.

Data is one of the most crucial aspects of every business. A CFO is responsible for the financial oversight of your business and oversees the curating and analysing of data to help provide context for strategic decisions. Part of this responsibility is to create KPIs that will track the company’s growth and help identify potential areas of cost-saving by providing accurate financial forecasting.

A CFO as a Strategic Analyst

The modern CFO is largely accepted to be a company’s leading strategic analyst. This role has evolved from the fact that the CFO is one of the few leadership positions that sees every aspect of the business. They understand the good and the bad that’s happening behind the scenes. A CFO’s role as a strategic analyst is grounded in their financial forecasting that feeds into every aspect of the company’s decision making, including presenting cold hard facts to help ground decision making in reality.

You also want to consider your CFO as someone who provides disruptive thinking to your strategic process, providing an alternative view to that of other c-suite leaders. They serve to provide both a forward-looking function and a real-time analysis of the company’s financial situation with their strategic insight.

We should also look to CFOs as creators of strategy who can present new ideas to the business that are grounded in forecasting and financial analysis. The CFO’s overview of the business gives them a unique insight into areas of potential advancement or where changes need to be made.

For your business to be successful, you need a strategic CFO who is commercially switched-on to the company’s decision-making process. A successful CFO will positively influence the strategic process and create more cost-effective and efficient strategies. When you appreciate the cross-functionality of a CFO, you can better utilize their strategic potential.

Throughout the recruitment process, you want to focus on finding a CFO who can become a strategic partner for the CEO. Start your recruitment process for a strategic CFO today by contacting FD Capital Recruitment at www.fdcapital.co.uk or by calling 020 3287 9501.

Tips For Making Money in Sports

ABC Staff
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Tips For Making Money in Sports

The 2022 Preakness Stakes odds are now out and available and they provide a great opportunity to win some money. Betting on the Preakness Stakes is not the only sports betting option available this spring/summer, and there are other sports that provide a better opportunity.

Winning in the sports betting industry is not easy, but there are some tips and tools that can help make you a winner. Here is a closer look at some of those tips, and you should follow them if you want to win money while betting on sports.

The sports betting industry is only going to continue to grow and expand, and that can be both a blessing and a course for sports bettors. Following the simple steps below will allow you to win some money, during the months that are slow for sports betting.

Create Bankroll Management Plan

Before you even start betting on sports, you have to come up with a bankroll management plan that you will use in your journey when betting on sports. A bankroll management plan will look different for everyone, but it’s imperative that you have something put in place.

A bankroll management plan focuses on the total amount of money that you are willing to invest when betting on sports. This will not only include your initial deposit, but how much you are willing to deposit if you run out.

You will also want to choose a betting unit that you will be using to make all of your bets. It’s a good idea to use the same unit for every single wager, as this will ensure that you aren’t putting extra emphasis on one bet.

Do Some Research

If you are going to be serious about making money from sports then you are going to have to be willing to put in the work. The work when it comes to sports betting is research, and you have to do a significant amount before making any wagers.

If you aren’t willing to do research before betting on sports then you really shouldn’t be getting into the industry at all. This will simply cause you to become upset and frustrated and you will be losing money rather than making anything.

Keep Parlays Simple

The last section just mentioned that parlay betting can be a great way to win some money, but only if this is done correctly. The reason for making a parlay is because of the huge potential payout that is available, but this isn’t an easy bet to win.

If you are going to make a parlay then it is imperative that you keep it simple and only add legs that you are comfortable with. If you are putting together a parlay simply hoping to win money then you are going to find yourself losing more bets than you win.

Go ahead and make some parlays, but be smart when putting them together.

Bet Small to Win Big

Some people wrongly believe that you have to make massive wagers in order to make any money, and that isn’t the case at all. If you live by the phrase, “Bet small to win big,” then that will actually give you the best chance to make some money.

If you look closely and focus on the value when betting on sports then you are going to find some great wagering opportunities. You need to strike when you find these opportunities, but never make a huge bet.

A parlay is a great betting option for making some money, but you are going to have to do some serious research.

Know When to Quit

Not everyone is going to get rich when betting on sports, and some people will actually lose more money than they win. This might end up being you, and you will need to know when the right time is to quit or take a break.

There are going to be wagering opportunities every single day, and you have to be able to recognize the good options and pass up on the bad options. If you ever find yourself getting out of control with betting then it’s important to take a break before you make a bad decision.

Different Ways Of Making Money From Sports

ABC Staff
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Different Ways Of Making Money From Sports

If you like sports and you want to be a part of it, then at some point it would be best to start making money out of it. The hardest thing to accomplish is to become a professional athlete and the majority of people stop training in their twenties. But, there are other ways you can earn from sports especially if you are well informed.

Knowledge is everything and with the right information, you can make a fortune in gambling. Start looking for the best online casino that has your favorite sport and makes a few bets. This isn’t the best way to start a career but having experience is the first step. There are also other opportunities like being involved in news, making videos, trainer, strategist, or manager.

Sports Betting

Betting on sports is probably the best way to make large amounts of cash considering that there isn’t any limit like a salary. Some professional gamblers tend to make millions per month only from bookies and casinos. But, it doesn’t only take being a fan of a certain sport to be able to make winning bets.

You always need to be cautious of who you’re dealing with and a reputable site is always the best to go through. Do your research at all times.

It takes a lot of time and dedication to become a legit professional gambler. You can consider it as a career because you will invest time every day like you would for a normal job. The reason why it isn’t a normal job is that you are not working for anyone and people look at it as the lottery.

With the right information and enough skill, it won’t be close to the lottery but it will look more like an analytical gig. Each match requires analysis and throughout the year you will gather so much information that it may be overwhelming. Many decide to have multiple Excel sheets with the data they collect in order to make a positive bet.

News and Blogs

If you don’t like to work with people in-person like a manager or a trainer, being in the online news can be very exciting. You will constantly have the latest information and possibly interview people from the industry that are very important. Some of them can be your idols if you work for the right website but it takes a lot of dedication because the industry is very competitive.

A great thing is that you don’t have to finish any college to work as a writer or editor, you just need to have experience. Of course, if you have an education in the field it will be a huge plus. On the other hand, you can start your own website as a blog where you can cover the upcoming games or just help future players with some valuable insight.

Having a high-traffic blog can open many doors like having a big YouTube channel. It’s a common thing to get invited to the games if you have a large following just because you will bring your audience. This is also helpful if you like betting on sports because you will have the latest information.

Become a Manager

Becoming a high-value manager is the hardest thing to do among these three. It’s quite easy to get an education as a manager because experience matters more than what you can learn in school. But, many don’t get a chance to get valuable experience and potentially a client.

Some of the most paid managers in sports are in soccer and most of them were players before changing their careers. This can be an advantage for you if you trained in the sport from a young age and you know what it feels like to be on the field. The most paid manager in England gets over $400,000 per week only from the club.

To become a great manager you need to meet a lot of people in the industry and gather as much information as you can. Learn from the best and try to force yourself into the industry because it’s very harsh but also full of thrills. There will be ups and downs but if you know you are the right person for the job, success is obvious.

Can You Earn a Monthly Income From Sports?

ABC Staff
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Can You Earn a Monthly Income From Sports?

The majority of people thought about being a professional athlete at least once in life but only a small percentage get the opportunity to become one. But, even if you can’t be a pro you can still love a certain sport and be a part of it. Even though professional gambling isn’t something you see every day, it’s a fun way to stick with what you like.

Most gamblers will start with casinos and bookies just for fun until they realize it can bring some serious money. Sports news is one of the things that will help you increase your knowledge about what is going on and potentially help you make money. Loving the game isn’t enough when it comes to betting so make sure you learn a few strategies first.

Create a Plan

There are a few things the plan should include like the budget, strategy, information gathering, community, and bookies. All of them will matter a lot because each has an effect on your winnings. Splitting your budget correctly will help you maintain consistency which is the biggest problem among gamblers.

Having the right strategy is crucial and it depends on which sport you follow and other factors. There are hundreds of strategies you can follow but you can make the best one based on your experience. Surf through the internet and find a few related to the sport you follow the most and learn how other people do it and implement it in your own method.

The community, bookies, and information gathering are something out of your hand and you will need to use these sources the right way. The community represents websites like forums where similar people gather to share information and strategies. Information gathering represents a similar thing where you will find multiple websites that have the latest information about the sport.

How To Execute The Plan?

How effective the plan will depend on how much time you invest in making it. The budget isn’t something you can work on too much but that’s why you should focus on other things. Make sure you do enough research before making your first bet.

If you are an experienced player, you would know that winnings and losses always happen. So, it’s just important to hit that 75% 25% ratio to gain a monthly income. You can find players online that have more than 80% winnings but the profit is more important.

To make a profit that will be like a salary, split the budget into points so you can easier calculate the amount you will use. For example, people that start with $2000 will split it into 40 points which is $45 per point. For every bet, you will have the possibility of an outcome that goes from 1 to 10. If you are sure that something will happen, the best would be $450 or 10 points maximum.

How To Grow Your Budget?

When you have everything set up and you start making bets, it’s important to stay disciplined and try to stay on the same budget per point for a while. It takes time to grow and depending on your wins it will happen faster or slower. There is a way you can calculate how fast you can grow with a certain percentage of winnings.

For example, if you are on an 80% winning strike for the whole month and an average odds is 2.0 and 5 points per bet, you can increase the budget by 20%. Of course, it matters how many best you make during the month and other expenses. So, try to stick with a 20% increase if you have a great winning strike.

Winning in 80% of the bets is very hard to manage but it’s something that professional gamblers are all about. Discipline is even more important because people tend to spend more as soon as they make a certain amount. Try to focus more on getting the right information and meeting new people with the same interests that can help you out.

Verdict

Earning a monthly income from sports can be achievable. It takes a lot of extra attention to detail, determination, and the ability to stay disciplined.

IDX Integration Service Solutions

ABC Staff
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IDX Integration Service Solutions

Today, the real estate market is among the most digital ones. It is not surprising since, in the modern world, people use their devices to receive any kind of service. If you decide to change housing, you will immediately open a browser convenient for you and get acquainted with all the market offers. There is no doubt that every real estate company strives to improve its service. That is why IDX Real Estate Software Development is highly valued in the real estate market. In this article, we are going to talk about the benefits of IDX and the demand for it.

Many real estate companies want to create a site where MLS data can be posted. However, most of them are faced with the problem of implementing their plans. In this case, Commercial Real Estate Software Development with IDX integration comes to the rescue.

The Main Features of IDX and MLS

IDX and MLS are kinds of instruments that companies use in the sphere of real estate for online advertising services.

All famous sites where you can see real estate options have access to all or most MLS databases. Moreover, it is important to understand that these can be both local bases and international ones. All this is done to improve the customer experience and impress the buyer with a wide choice. Even more, in some cases, using these services, realtors can exchange bases, thus creating a competitive and fair market.

Absolutely all players in the real estate market should consider the following rules in case of using IDX:

  •  Lists of objects must be accepted by both parties.
  •  Sellers’ privacy.
  •  Listing information must be accurate.
  •  Prohibit the use of other companies’ ads if you have disabled your own.

To integrate MLS into their websites, companies are forced to use IDX. Thus, the demand for IDX integration services is constantly growing and requires new staff. There is indeed a lot of IDX development going on today. Some tools offer search on the map and lead generation tools, while others offer top-notch client support services and new listing alerts.

Sometimes, these services can also adapt to the company’s web pages, even at the design level. Moreover, it is possible to search on the map through the phone and set up lists with real estate recommendations. This list of ideas for real estate websites keeps growing every minute!

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