WHAT IS SPREAD BETTING

Spread betting is an account grouping that permits traders who are UK occupants to use the forex market with a tax free framework, which means capital additions are not taxed by the UK government. From an exchanging and execution point of view, there’s no contrast between the forex exchanging account and spread betting account. A similar stage is additionally utilized for each.

Spread betting is sans tax because of the UK tax code. So on the off chance that you live in the UK, at that point, it’s to your greatest advantage to exchange a spread betting account. The pip an incentive on the spread betting account is distinctive since the account is designated in GBP.

The spread betting includes taking a wagered on the value development of currency sets. An organization offering currency spread betting normally cites two costs, the offer and the ask cost – this is known as the spread. Traders wager whether the cost of the currency match will be lower than the offer cost or higher than the ask cost. The smaller the spread, the more alluring the currency match. Like spread betting, traders don’t have to really possess any currency. We offer largest forex cashback

A financier firm quotes an approach cost for the EUR/USD match at 1.0015 and an offer cost at 1.0010. On the off chance that you as a dealer trust that the Euro will fortify contrasted with the USD, you could “wager” € 1 for each point (Pip) the Euro increments over 1.0015. In the event that the EUR/USD after a specific timeframe came to $1.0025, you would get € 1. On the off chance that the cost of the Euro was rather $1.0005, you would wind up losing € 1. Spread betting on shares illustration Say Apple is exchanging with an offer cost of 135.05 and a purchase cost of 135.20. You envision that Apple shares will ascend in the following couple of days because of another item discharge tomorrow. You choose to go long on (purchase) Apple shares for £10 per purpose of development at 135.20. Following three days, Apple shares have surely moved to support you and expanded to 135.50/135.65. You choose a decent time to close your exchange. This implies you’ll be turning out with a benefit of (13550 – 13520) x 10 = £300, barring all every day subsidizing charges. Then again, in the event that you initially chosen to offer Apple for £10 per point at 135.05 and afterward shut down at 135.65, you would have wound up with lost (13565 – 13505) x £10 = £600. By and by, barring any day by day subsidizing charges.

How to Lease Fitness Equipment – Get the Best Equipment Financing Rates

Fitness equipment is what you need to get and stay in shape and Fitness Equipment Leasing is what you need to get your business into great shape. Whether you are trying to preserve cash, upgrade your current equipment or attract new customers, equipment financing can help you get the exercise equipment you want right away. Lease terms may vary from three to five years depending on the type of equipment and exercise machine financing rates may vary depending on your credit.

When leasing fitness equipment there are a number of options. You can get an option to replace your old equipment for new equipment after the term of the original lease is up. Your exercise machine lease agreements can offer you free maintenance, reduced payments and savings on repairs as well. You can even choose to lease used fitness equipment.

How to Start

Determine your fitness machine requirements and costs first. Know how you will use your equipment and determine what kind of value you need to create to meet your business objectives. If you are planning to keep the exercise machines on a short term basis then quality and cost may not be important to you but if the equipment is a critical long term investment for your commercial gym or school then you might actually choose to upgrade your equipment if the financing terms are favorable. Understand all costs upfront, including initial moving and delivery fees and finance fees found in the fine print may make an important difference to your success. So assessing your requirements and understanding the costs is the first step before leasing any sort of equipment.

Do not make a final product decision until you have fully reviewed your options. Once you have chosen a type of fitness equipment, review multiple equipment manufacturers, read product reviews, shop fitness supply distributors and equipment financing companies and most importantly don’t forget to measure the space where you want to set-up the equipment. Make sure you have sufficient space for all the exercise equipment you are planning to lease. Considering the number of people using the equipment, determine the number of units you may want to lease to meet your requirements.

Fill out a fitness equipment lease application. If the total lease amount is less than $50,000, many companies have a simple form you can fill out with your personal information and the finance company will review your financial history, retrieve your credit score and determine your finance qualifications. If you are financing fitness equipment for more than $100,000 than the lease application may include more information regarding your business such as business financials and banking relationships. If you have poor credit or no credit history don’t give up. There is lot of finance equipment leasing money available today so there is a good chance of success but be prepared, your personal credit may affect finance terms and rates. Make payment options and payment methods a part of choosing the best fitness equipment leasing company for you.

Sign a lease agreement that is favorable for you or your business. A single lease agreement for all equipment makes it a lot easier to manage and typically allows you to get better terms. Arrange for payment and wait for the equipment to be delivered.

Receive delivery of the equipment and check to be sure that you received what you ordered. Once your fitness equipment is in place, perform the required maintenance as defined in the lease agreement.

The Benefits of Exercise and Proper Fitness Equipment Selection

Regular exercise and increased physical activity can add years to your life and help you feel and look younger. A well-rounded exercise routine will include a combination of cardiovascular activity and strength training using quality exercise equipment and accessories. The proper selection of fitness equipment and flooring products is an essential component to any exercise regimen for optimum results. Ironcompany.com, a leading online supplier of commercial fitness equipment for GSA contracts, can help you attain your fitness goals. With a state-of-the-art website, Ironcompany.com provides an easy shopping experience featuring a huge selection of gym equipment, free weights, exercise machines, and rubber flooring products. Need a question answered? Not sure which piece of equipment to purchase? Their friendly staff will assist you with any of your needs and help you obtain the right type of equipment all offered at great values. Ironcompany.com has provided commercial treadmills and cardio equipment, free weights, weight stack machines, and athletic flooring products to over 50 military bases in the United States. From Ft. Bragg, North Carolina to Bagram Air Force Base in Afghanistan Ironcompany.com proudly serves our men and woman in uniform that are stationed around the globe.

Cardiovascular Exercise

The benefits of cardiovascular exercise cannot be overstated. By performing cardio exercise on a regular basis, your body gains stamina and endurance and becomes more efficient at burning calories. Another benefit is a more efficient metabolism and a strengthening of the immune system. Cardiovascular exercise can also reduce stress and improve self-esteem.

There are several types of cardio equipment on the market today. Treadmills, exercise bikes, and elliptical trainers are the most popular choices for cardio exercise and are excellent for building cardio endurance and are easy to use as well. Ironcompany.com has an awesome selection of commercial treadmills, stationary bikes, and elliptical trainers. Remember, when you choose your cardio equipment, choose wisely. Get a quality piece of cardio equipment that will provide you the results you are looking for and fit your specific needs. If you have knee problems, then an exercise bike is an excellent choice. Ironcompany.com offers upright bikes, recumbent bikes, and the popular indoor cycle bike used in spinning classes. If you prefer walking or running, then check out Ironcompany’s commercial treadmills with computer control panels and built-in programs. They also offer several types of equipment mats and athletic flooring surfaces to help absorb shock and protect flooring surfaces.

Strength Training

If you want to change your overall look and become more tone, then the importance of strength training should not be underestimated. Strength training has been proven to benefit young athletes to seniors. Women, in particular, see tremendous benefits from strength training. . If you desire that “ripped” look, then strength training is absolutely vital if you want to change the visual appearance of your body. Another added benefit is that strength training creates strong muscle and strengthens ligaments and tendons, which serve to support our joints and decrease the possibility of injury from other activities.

Wouldn’t it be great if you could burn more calories throughout the day, even while relaxing? Well, you can make this happen if you strength train. The fact is, the more muscle mass you possess, the more calories you will naturally burn. So get up and start pumping that iron. Don’t forget that muscle weighs approximately 3 times more than fat, so if you have embarked on a fitness regimen of strength training, cardio exercise and a healthy diet don’t be dismayed if the scale goes up instead of down. A good way to measure your progress is by using a tape measure to keep track of your results. Measure your arms, thighs, waist, hips, and calves and keep a weekly log of your progress.

The proper selection of strength training equipment depends on several factors including, age, fitness goals, health, and budget. One of the most common questions in the fitness industry today is whether to perform strength training using free weights or machines.

Free Weight Equipment

The major advantage of free weights is that they are more efficient in strengthening the whole body. You can perform a wide variety of upper and lower body exercises using just a set of dumbbells. A dumbbell or barbell set is also usually less expensive than a weight machine. Using free weights also gives you the ability to imitate real life or sports related motions. Weight machines essentially guide your range of movement; however, free weights provide the user with a free range of motion. This brings us to the disadvantage of using free weights: safety. Free weights require a much greater amount of control by the user to avoid injury to muscles and joints. Proper technique and the use of the correct amount of weight are very important safety concerns when using free weights.
The most popular free weights are dumbbells and barbells. Dumbbells can be either fixed weight or adjustable with weight plates that can be switched out.

The most popular dumbbells are pro-style fixed weight dumbbells. At Ironcompany, we offer an awesome selection of free weights, dumbbells and dumbbell sets from 5 to 200 lbs. by top manufacturers like Ivanko, Troy, and Cemco in several types of materials including cast iron, rubber-coated, urethane, chrome, and solid steel for low maintenance.

Weight Machines

A weight machine can provide an excellent, safe workout. The main advantage of strength training using machines is ease of use and safety. Because the machines guide your path of resistance, there is less danger of being trapped or injured. You can also safely exercise without the assistance of a spotter. You may be more inclined to lift heavier because a machine is typically safer than going heavy with free weights. You can also make changes to the weight quickly and easily. Weight machines are typically more expensive than purchasing free weights which is a consideration if you are setting up a home gym; however, the investment can be well worth it when you see the results they can provide.

There are two types of weight machines: Single exercise machines that are designed for a specific muscle or exercise and multi-use exercise machines like a home gym or smith machine. Each of these types of weight machines can have a weight stack or accept weight plates. The obvious advantage to a weight stack or selectorized machine is the ability to quickly switch weights. The stack is usually held in place by a pin, and the simple movement of the pin can add or subtract from the weight stack. Free weight machines require the addition or subtraction of weight plates each time you desire a change.

Athletic Flooring

Let’s not forget the importance of a proper athletic flooring surface to protect your equipment, flooring surfaces, and help absorb shock and static electricity. Ironcompany.com also specializes in athletic flooring surfaces for weight rooms, gyms, locker rooms, and fitness facilities including interlocking rubber flooring, rubber sports rolls, shower tiles, aerobic tiles, fitness mats, equipment mats, and flooring supplies all at great prices.

Why Used Fitness Equipment Could Be Hazardous To Your Health

The fitness equipment industry is growing today. And because of this manufacturing companies cannot meet the increasing fitness consumer demands. To help deal with this situation, used fitness equipment has become a realistic option for many home fitness enthusiasts.

Today, many health clubs are keeping their fitness equipment between four to six years before they replace them with new ones. But imagine this scenario, manufactures purposely reducing the buying period of new exercise machines by two to three years, which would theoretically cause the amount of new equipment in the marketplace to double. This is how some manufacturers hope to maximize their profits as well as create new funds to make the industry grow even larger.

Old and used fitness equipment that has been used for two to three years is now bought by large fitness companies with $500 trade-in type programs. What they do is simply dump or actually bury this used gym equipment so they won’t impact the sales of new fitness machines sales. The biggest workout equipment manufacturers are beginning to see all the advantages of various trade-in programs and using short term lease programs to produce more new exercise equipment sales.

The real problem with this approach is that health clubs or fitness gyms will never sell most of their two to three year old workout machines for just five hundred dollars. That’s because all this commercial fitness equipment is built sturdy enough to have almost an eight to ten years lifespan. So, they simply won’t trade-in their three-year old used machines unless the offered price is high enough.

In turn, this means that a manufacturer will probably not have the courage to throw out this used gym equipment. Therefore, these manufacturers will need to find buyers for their trade-in equipment and who are willing to purchase the product 50% higher than its acquired purchase value (so the retailer can make some money too).

However, the used workout equipment market demand needs to become a real trend before manufacturers can expect to sell their short-term leasing programs. For this tread to become real, first the used exercise equipment industry must be robustly and credibly established. The idea is that when new fitness equipment prices double, then the two and three year old equipment will start to dominate the fitness market, which will then most likely increase the used exercise equipment market demands.

The truth is that these manufacturers can no longer turn their heads to used fitness equipment sales or stop companies selling these products or hinder others who purchase replacement parts for refurbishing older workout machines. However, replacement parts are difficult to find and when you do, they are extremely expensive.

So if large manufacturers do not allow smaller companies to refurbish used exercise equipment, then there will be no credible market for selling this used fitness equipment. The demand will shrink and then trade-in programs and new equipment rentals will not work either.

And companies who are selling used gym equipment will have to make their advertising better so it attracts enough customers to purchase their products. The criteria that most people use to find new fitness machines are the very same as with refurbishing fitness companies. They are selling their refurbished fitness equipment with the same quality and usefulness just like with new machines.

Whatever underlying reasons there may be on why used fitness equipment is popular today, make sure that you weigh all the advantages and disadvantages before purchasing them. And always remember, it is not about the money, but instead is needs to be about the safety and quality of your workout exercise that used fitness equipments can genuinely provide.

How to Keep From Wasting Money on Fitness Equipment

Find Out Everything You Need To Know About Fitness Equipment. Do You Need It? Or Are You Better Off Investing Into A Fitness Trainer?

Fitness equipment in your home will not produce the same fitness results that a qualified personal trainer can offer for around the same price as the expensive fitness equipment, if not cheaper. Since a piece of fitness equipment is nothing more than an object, it is unable to compete with the advantages that an actual fitness trainer can provide. This equipment will not assist you in the proper techniques for losing weight and getting into better shape. Additionally, fitness equipment will become useless once you achieve your desired level of health.

As a resident interested in improving their health, you need to establish a proper fitness plan. The expertise that a fitness trainer has with fitness equipment will provide you a much better knowledge.

Fitness Equipment Is A Temporary Solution To Better Health

The fitness equipment, regardless of what type of equipment it is, only has limited use. There is not one piece of fitness equipment that will assist you in completing all of your fitness goals.

Many people give up on their fitness goals or if they do reach them, the expensive exercise equipment invested in starts to collect dust.

Equipment For Fitness Will Not Plan Your Entire Workout

Regardless of the price that you pay for your fitness equipment, it will not plan your entire workout. It will not tell you everything that you need to do to succeed at your individual fitness goals.

Only a proper personal trainer can guide you to successfully completing your fitness goals, even if they seem impossible to tackle.

Invest Smart By Rethinking Your Fitness Equipment

In reality, there is not much of a difference between the price of fitness equipment and the price of hiring a personal trainer. Both options are considered expensive, but you will gain so much more from a personal trainer than you ever will from a piece of equipment.

Your Mental Health

Fitness equipment will not help you in maintaining your mental health. Even though you are trying to achieve a higher level of physical health, you will only receive the best results when you are mentally prepared for the enduring workout sessions that you will face.

A fitness trainer can assist you in keeping your morale up while the fitness equipment will encourage you to give up on your fitness goals, if anything.

Improving Your Social Life

By investing in the services of a fitness trainer against purchasing fitness equipment at your local store, you can improve your social life. You often meet other people with similar fitness goals when you work out in a fitness center.

These people will want you to succeed in your goals as much as they wish to succeed in their own.

You will have someone to talk to (in your personal trainer) when you have questions regarding your fitness plan. A piece of fitness equipment is unable to carry on a conversation with you, leaving you with a lonely workout session.

So, In Conclusion..

Fitness equipment will do you little good unless you are using the fitness equipment of a fitness trainer that you have hired. Your fitness trainer, just like any human, will always be more valuable than a mechanical device.

As I’m sure you’ve seen numerous people line up at health clubs or gyms on the treadmills and other machines and avail to no results.

Precor Fitness Equipment: Treadmills, Crosstrainers and Bikes

PRECOR™: Approximately thirty years ago, after the engineering of a stationary fitness rowing machine by David Smith in his basement, one of the most respected, popular and successful fitness equipment brands was birthed. Spawning from Mr. Smith’s development of an ergonomically correct rowing machine in 1980, Precor has turned into one of the international leaders in the branding, design, production and marketing of fitness equipment. No more than 3 years after David finished the design of the rowing machine in his basement, he was joined by the bright and fitness oriented opportunist, Bill Potts. Mr. Potts brought his knowledge of electronic functionality to the table and sought out to integrate unique exercise programmability for users, as well as easy to read statistical feedback, into the exercise equipment Smith was designing. Mr. Potts believed that allowing people to monitor their stats such as speed, time, distance and other readouts, would increase the popularity of their workout equipment and make using gym equipment more enjoyable for the regular user. Ultimately, making the exercise equipment more interactive from a user perspective, intrigued people because they could monitor their results in real-time. Knowing how fast or long one would have to exercise in order to surpass their previous records, proved to be highly motivating and helped treadmills, stationary exercise bikes and rowing machines become more favorable through the eyes of potential buyers. Through the assistance of Mr. Potts, the popularity of exercise programming options in fitness equipment, and the popularity for Precor fitness equipment as a whole, began to take off. Once 1985 hit, several more additions had been made to the once one man band that was Precor; the Precor brand expanded to carrying treadmills, exercise bikes and rowing machines.

As momentum gained through popular reviews, it became clear that Precor fitness equipment was rated to be at the top of the industry in the near future. However, in order to be an industry leader in fitness supplies, Precor had to be a player in the national heath clubs and gyms. Without substantial sales to commercial fitness centers and gyms, it is hard to be a real player in the business of fitness equipment manufacturing in the United States. Therefore, proving the foresight of fitness experts true, in 1990, Precor entered the health club scene, with a series of commercial treadmills, built to withstand all day wear and tear, by people ranging from skinny to fat, and tall to small. There is a major difference in the structural integrity and mechanical capacities between commercial (health club) and residential exercise equipment. Whereas a solid home treadmill can be used at most up for up to four hours a day, a gym quality treadmill can be used for up to four times as long. Precor now had their own line of commercial treadmills. Precor now had a line of heavy duty gym equipment with the necessary the size, mechanical capacities, speed and structural integrity, to compete with the other leading brands in the fitness equipment industry.

The year of 1995 was another breakthrough year for Precor, as they invented the first elliptical cross-trainer and put it on the map in the form of their Precor EFX 544 cross-trainer. The Precor EFX 544 was designed with an adjustable cross-ramp and fixed arms. The adjustable incline ramp makes it easy for users to work out different muscle groups in their lower body through the simple adjustment of the angle on the incline ramp. The EFX 544 was so popular that Precor decided to continue their production of elliptical cross-trainers for usage in health clubs and homes. One of the first additions to the Precor line of elliptical cross-trainers was a cross-trainer with moving upper body arms. After already having the cardiovascular fitness industry in the palm, through the acquisition of Pacific Fitness in 1998, Precor made giant strides towards building a successful line of strength equipment. A result of this merger was the extremely popular Precor Stretch Trainer, that is a favorite of fitness trainers and gym patrons.

In 1999, Premark International, which was parent company of the Precor brand at the time, was bought out by International Tool Works. Soon after ITW acquired Precor, popularity for Precor increased, as their equipment become more affordable and focused on consumer needs. With a bigger bankroll and more steam built up, Precor was acquired by Amer Sports in 2002 as part of a 180 million dollar deal. Amer Sports coming into the picture resulted in Precor changing their primary goals. After years of revolving around industrial products, Precor’s new aim was to become an international distributor of a wider range of fitness equipment and sporting goods.

With all of the success and momentum that Precor had built open over the last 2 decades was great, but they still did not have a dominant and consumer friendly line of strength equipment. That all changed in 2004 when Precor established an Icarian line of strength equipment. Icarian strength equipment can be found anywhere from private home gyms to large health club franchises. The line of strength equipment itself has all home gym products ranging from bench presses, to multi-station and plate loaded home gyms, to weight racks and other strength training machines.

A very popular feature on the Precor cardio line of fitness equipment originated in 2004 as well. The cardio theater feature on Precor cardiovascular equipment, came as a result of their relationship with an entertainment technology firm, ClubCom. For example, if you are familiar with the Precor 956i Treadmill, it can be purchased with a cardio theatre attached to the display console. Having an entertainment center to use when you exercise has proven to allow some people to workout up to 75% more than they did on the same treadmill, without the cardio theater. The year of 2006 also marked the year that Precor introduced its Experience Series line and the Cardio Theater was an option for all Experience Series treadmills and elliptical cross-trainers. After gaining the support of consumers across the U.S., the Cardio Theater went on to win awards at the annual international product design competition, hosted by Business Week.

Around this time is when Precor struck a deal with the Hilton Family, that would make Precor gym equipment the main supplier of Hilton hotels such as the Double Tree, Embassy Suites and The Hilton. Catapulting Precor into the mainstream, the widely publicized commercial deal between Precor and Hilton Hotels, cemented Precor’s status as a premier brand in fitness equipment.

Several years after Precor began their quest to become an international player with strength based fitness equipment, the production amounts of their Icarian strength line increased by 300%. The year of 2006 also,marked the year that Precor introduced its Experience Series line and the Athletic and sporting good brands such as Wilson, Atomic, Suunto, Mavic and Salomonare are all different product lines under their parent company, Amer Sports Corporation. Precor fitness equipment is also owned by Amer Sports Corporation, who according to Precor.com, “is the worlds leading sports equipment company”. Since Precor has a mission to be “the most respected brand in fitness equipment (Precor.com)”, their relationship makes perfect sense.

A great majority of health clubs and gyms have Precor elliptical cross-trainers, treadmills, stretch trainers, exercise bikes and strength machines. Ultimately, the litmus test for whether or not fitness equipment is solid, is whether or not the fitness equipment in question can be found a favorite amongst members at health clubs and commercial gym facilities. In 2005 & 2006, Precor won the award for “Top Supplier”, from Golds Gym and Anytime Fitness. Since Precor fitness equipment can be found across the United States at almost every major health club, and is a consumer best buy award winner, we feel safe in saying that we place Precor in the upper echelon of fitness equipment.

Finance Transformation: Key Facts To Compare Your Operation

1. Employee Costs

I have been amazed by the strength of the business cases for the F&A outsourcing deals I’ve led over the last few years. A number of things have happened to make them look so good.

First, the suppliers have really got their acts into gear. They provide clear, all inclusive pricing that makes a comparison very clear.

The market is not fully comfortable with transaction based pricing, but that is as much the issue of the Buyers as the Supplier. At an FTE/employee basis, the comparison is a lot easier for everyone, given the level of data required to price at a transaction level.

Second, what has happened on the Buyer side of things is that Shared Service Centers have experienced wage creep over the years, sometimes adding 1-2 layers of operation. Most Shared Service Centers have countered this in part by improved productivity, but this has not matched the similar gains made by the outsourcers.

Combined, these facts make the business case strong for most F&A outsourcing projects.

Key Fact 1. The average, fully laden cost of an outsourced finance team member is $34,000/£22,000 per year. This is the fully loaded cost, of staff who are fully trained, including all overheads and leadership costs.

From any Shared Service Centre I’ve seen in the US, UK and Europe, those are pretty much entry level salaries, regardless of all the additional employment taxes, operating costs, and management costs attached to every position.

These numbers translate into a very strong business case, and it is the main reason why CFOs push for a deeper investigation.

2. Amounts At Risk

Is your Shared Services Operation willing to risk its own money to underwrite delivery levels? Away from financially-based business cases, this is the most under-valued differentiator between an internal delivery model and an outsourced delivery model.

I have not yet seen an internal delivery model that creates any alternative to this. Yes, I’ve seen bonuses unpaid due to performance issues, but nothing that repays the business for failings that have impacted their own performance.

The chasm between the Internal and External model is only going to widen further as the Outsource Suppliers choose to adopt targets for business-critical areas such as Days Sales Outstanding. Failure there has a lot greater impact than in something like Customer Support, but it is an area that the Suppliers are stepping up to the mark on.

Key Fact 2. On a monthly basis, will the Shared Service team offer, from their own funds, rebates to the business of up to 15% of the cost of the services they deliver? While the exact amount at risk will vary between suppliers, they will offer significant discounts where service levels are not met. It is essential to note that a well constructed contract will lead to constantly improving service levels, so the bar will be raised quarterly, if not monthly.

3. The Cost Of Transformation

For many years, the outsourcers played a cost-only card. Regardless of whether the delivery was onshore or offshore, it was relatively easy to offer lower costs than most internal organizations. Come 2012 (and probably since 2010) the value proposition has moved on significantly.

Now the Suppliers come with a toolset – technology, people, and methodology – that drives “Big T” Transformation and “Little t” transformation. “Little t” brings the day-to-day change; “Big T” brings the headline-grabbing changes. Often this gives access to changes that were unlikely to be funded in any other way.

As an example, the biggest area of opportunity is in leveraging the Supplier’s investment in technology. One client had recently expected to invest a minimum of $500,000 to implement a automated reconciliation tool. Getting approval for that spend had taken almost 12 months, and was high on the list of programs that was likely to be cut from the Investment Plan. So delivering it at all was highly unlikely.

The deal that they were able to strike with the Supplier delivered their operational tools and also embedded it in the pricing, removing the road-bump that was preventing access to the improved, automated process.

To be honest, some of the home-built technology are not the prettiest of things, but they come at a price and an operational improvement that will make you focus on the value they drive, not how they look. Other suppliers, however, have bought third party technology companies that come with world class technologies that will be as good as or better than the ERP competitors.

Key Fact 3. You can work to build an outsourcing deal and delivery model that cuts the investment that you have to make to address key, process-improving projects.

Key Fact 3a. Please note – I always emphasise to clients that they still need to invest in their service going forward. It is a myth that all investment goes away, but you can certainly be creative in how to get the best service quality and a pricing structure that helps the Buyer and Supplier.

4. “Flash To Bang”

When referring to Flash to Bang” I mean the time between taking the decision to move to a new delivery model and reaching optimum delivery and efficiency levels in the chosen model.

One of the “Lost Costs” that we dwell on in projects is the time difference between a “build yourself” option and a “buy it in” option. Like most things that we choose to do ourselves, timescales are more fluid than those that are commercially underwritten. Having an outside party responsible for delivery does not guarantee success and we can all share horror stories about projects that have gone wrong. However, the penalties attached to failure are a lot more transparent when external parties are involved.

Where the greatest impact is felt is in the time it takes to reach optimum delivery/efficiency levels. As an example look at a greenfield environment, where nothing has been centralized. Given a standing start, an internal Shared Services Center will take around 6 months longer just to be established. At that stage the Outsourced model will have been operating at full efficiency levels for 6 months. There is a clear opportunity cost within that.

Key Fact 4. Commercially contracted projects are 75% more likely to deliver on time, and nearly 100% of them are promised to be delivered sooner than any internal, equivalent project. The financial impact of this is hard to generalize about, but having a project completed sooner, leads to benefits earlier.

5. Staff Skills – what percentage of your staff are Six Sigma Trained?

The growth of Six Sigma training within the workplace has been impressive over the last 10 years. For many organizations there will be some staff with these skills, though further investment is always dependent upon the budget being available. The question – and the opportunity – is what percentage of your staff have this kind of training. More prescient, it is also worth asking how frequently their skills are drawn on.

One of the revelations of site visits to the Outsourcers is the sheer passion that the delivery teams bring to every client. The prospective clients who take floor walks of existing operations always comment on the drive, engagement, and hard, proven business improvement case studies that are discussed on the tours.

Really what the outsourcers are doing is encouraging their staff to cut their customers’ costs. While that will lead to short term revenue losses to the Outsourcer, they bank on the fact that it will lead to even more work in the future. From most deals I’ve seen this is exactly what has resulted.

Key Fact 5. For most specialists in Finance Outsourcing, almost 100% of their delivery staff will have some kind of Six Sigma or Lean training. More importantly, they will be incentivized and rewarded to identify and implement projects on a daily basis. For even the basic online Six Sigma training, $2000 per person is a starting point – that is investment that you no longer have t make. Outsourcing gives you access to a skills base that has made that investment already.

6. The Price of Flexibility

Often the feeling of Outsourcing is that it is “More For Less”. Taking almost a Supply Chain approach to meeting your future delivery needs means you have to ask the following questions:

How much will it cost to reduce delivery capacity?
What fixed costs will you be left with, even after reducing headcount?
What will the cost be of increasing capacity, whether to deal with an acquisition or just increased volumes?
How quickly can you get the headcount sign off to increase volumes?
What are the onboarding costs (e.g. recruitment, training etc) of adding new staff?
What is the time between recognising the need for increased volumes and having the resources in place to deliver them?

In the modern employment world, temporary resources can give much upside flexibility. Employed for longer, they can also provide the downside flexibility. Until then, they come at a premium that will blow the $34,000/£22,000 fully loaded cost comparison out of the water.

From a 2012-2017 planning perspective I always challenge clients to map out the widest possible range of events that could impact their business. We then carry out an exercise to ensure that their delivery operations – whether insourced or outsourced – are able to address those scenarios at a cost and speed that is proximate to the event.

This is all based on a lot of tough learnings from the last four years. One client, who I recently advised on renegotiating their arrangement, had only factored in upward growth in their contracted volumes. The concept of their business shrinking had seemed alien when negotiating their first arrangement in 2007. Their new contract takes as its starting point the need for a delivery model that adapts operationally and commercially to all future volume scenarios.

Within the certainty of zero or low economic growth, it is the strategic attraction of outsourcing that should provide confidence. Suppliers should be able to react to upturns in your volumes within a matter of weeks. Most events causing this can be foreseen and planned via the normal Service Management procedures.

Planned reductions in volumes can occur on a timeline determined by the client. Unplanned reductions may take 8 or more weeks to filter through to the monthly invoice. Suppliers take differing views on how they recoup their investment in deals, so scenario planning should be taken early on with the down-selected Suppliers.

Key Fact 6. Suppliers offer a significantly more flexible delivery model than any internal function can offer. They have the ability to bring on resources faster, at a lower cost, and reaching a faster level of efficiency than an internal delivery model. With proper account planning they also offer a model that more easily “breathes in, breathes out” to match actual business volumes.

Key Fact 6a. I always warn clients that they are investing in their Supplier, so losing key resources when volumes shrink is a risk. However, the knowledge in an outsourced environment will be more heavily documented and captured in an educational process that can deal with both natural and forced attrition.

7. When Did You Set Up Your Shared Services Operation?

The most common determinant affecting the strength of the Outsourcing business case is the age of the operation. It is worth looking at the business case for any Shared Service Center set up before 2009. The older it is, my experience is that the better the business case is.

A number of the points raised above drive this. Typically, the last serious comparison between outsourcing and insourcing, whether a Benchmark study or a full blown assessment, will have been done several years ago. Since then, limited spending on benchmarking and consulting has reduced the focus on the external world and increased it on the internal operations.

It is worth dusting off those old Shared Service Center business plans. When organizations set up Shared Service Centers in the 1990s and through to the late 2000s, most paid lip service to Outsourcing. It was usually mentioned as a likely future option, but that they would be able to deliver most of the savings internally, by themselves, via Shared Services.

Fast forward to 2012 and I can honestly say that every client I’ve had in the last 2 years has been shocked at the strength of their business case for Finance Outsourcing, even after years of operating a SSC environment.

In the “new normal” world of zero or low economic growth, and with little investment available for back office services, Finance Departments are now taking a fresh and more sophisticated look at what Outsourcing can deliver.

Key Fact 7. If your internal operations are more than 3 years old then there is an 80% chance (based on my experience on over $5bn worth of deals) of there being a strong business case for outsourcing. The costs of investigating it are now lower than ever, and the results give you a clear confidence.

Top 10 Questions That Will Transform Your Finances

A lot of people are really struggling with rising costs and shrinking pay checks. If you’re one of the people caught up in that struggle, here are the Top 10 Questions you can ask that will Transform Your Finances.

1. What could I do to raise the money I need for that? The next time you are planning a purchase that will put you in debt, whether it’s a car that you’re going to be making payments on or something you’re going to put on a credit card, ask yourself how you could raise the money for it instead so that you can pay for it in full. If you’re willing to ask this of yourself on a regular basis you’re going to start getting some very powerful answers that could radically alter your life.

2. How can I put my money to better use? This question assumes that there is always a more effective way to use your money. Living this question will hone your radar for opportunities.

3. How could I put my money to work for me? This is an especially powerful question for people living paycheck to paycheck. Instead of using your money to survive, how can you use your money to thrive?

4. How can I use my money to make more money? Use this one to start moving into the realm of passive revenue and a life that has your money doing the work instead of you.

5. What attitude, belief or assumption do I need to change about money? There’s always work to be done and new ground to be taken in our attitudes about money and all the areas of our lives that are affected by it. What are your attitudes, belief and assumptions? Which one could you work that would have the biggest impact on your finances?

6. How do the people I spend my time with affect my financial well being? If you took the 10 people in your life that you spend the most time with and averaged out their income, it’s probably going to be what you’re currently making.

What are their beliefs about money? What do they encourage you to do with your life? Are they the kinds of things that you want more of in your life? What do they discourage you from doing? Do they give you the support you need to move away from the things that are keeping you from being more successful?

Consider adding people to your circle of friends that already have what you want to achieve and encourage people to live their dreams.

7. What can I do today that would have the biggest impact on my finances? Who could you talk to? What expert could you hire? What have you been avoiding? Tackle the one that’s going to give you the biggest bang for your buck – literally.

8. What could I learn that would have the biggest impact on my finances? Where do you need to raise your financial intelligence the most? Start in the area that will have the biggest impact. Unfortunately, that’s often the area that we work the hardest at avoiding.

Perhaps you need to figure out a way to raise your income, maybe you need to learn more about managing the income you already have, or maybe it’s way past due for you to start educating yourself about investing.

9 Who could I have on my team that would have the biggest impact on my finances? Maybe it’s time to hire a coach, find a mentor, hire an expert or recruit a friend into a new role in your life. Who would have the biggest impact?

10. What talents, skills and abilities could I use to have an immediate impact on my income? How can you leverage what you already have into having an immediate impact on your income?

Your partner in saying “YES!” passionately to life,

Tracy Batwinas

Tracy Batwinas is a serial entrepreneur of several successful companies. From her no nonsense approach to her deep love for and commitment to people, Tracy’s approach cuts through the BS and offers people an honest and authentic way to start their own successful online business and get on with living the life of their dreams. Coach, consultant, trainer and your most committed cheerleader – Tracy leaves it all on the field. Copywriting, Business Coach, Technical Consultant and Social Media Marketing Maven! Go to the Have It Now blog today and get your free Fast Track Online Business Start-Up Kit today!

The Three Top Selling Personal Finance Books

In the recent times, there are many personal finance books available to you in lots of different selections. Once you go to the book stores, you actually just need to look into the best selling books in order to get the right books. This will help not to waste your times searching the one best of hundreds books available to you. Check out the best selling books of personal finance and get one that meet your personal needs.

Your Money Or Your Life: Transforming Your Relationship with Money & Achieving Financial Independence – the Book

Book entitled “Your Money or Your Life: Transforming Your Relationship with Money & Achieving Financial Independence” is the best choice for you. This is one of personal finance books which will answer all of your questions related to personal finance. If you get this book, you’ll find that this will meet all of your need of finance information.

This incredible book provides you valuable insights into changing jobs even if you can’t afford to create the switch. By read up this personal finance book, you can to improve your financial condition even you are in debt, need to alter your finance condition, or financially well-off.

“The Unofficial Guide to Managing Your Personal Finances” is the third choice of the excellent individual finance books are concerned. This is a practical guide that assists one manage one’s personal finances. Furthermore, this supplies useful insights into applying credit cards, dealing with banks, making investments, and how to shop for your car or house without breaking up the bank in the process.

How to Transform Our Financial and Monetary World

Indeed money is a huge topic in today’s time. Having been in the business of money and finances throughout my ‘worldly’ career’, I can sing a few tunes concerning this topic. Long before the 2000 crash I had realized that the systems and structures we created individually as well as globally were not viable and sustainable and would have to be replaced with new ones. I left Germany and the financial world and moved to New York, the global hub of finances, in order to assist in this process of economic and financial transformation.

Immediately behind personal transformation, money and finances is actually my favorite topic. Because the collapse of our present financial, socio-economic and environmental structures and systems is no longer just about markets correcting themselves or catching a few ‘thieves’. Instead, it is about human transformation and evolution! It presents us with the great opportunity to transform ourselves and our environment. And this, has very little to do with money or finances but a lot with our perceptions, beliefs and the way we view and treat each other and our environment. Who we are affects every aspect of our daily life from relationships and career to monetary and financial matters.

Therefore, I recommend a program called “Self-Transformation through Self-Realization” based on the teachings of a group of (American) Indian Spirit Guides which helps us to discover WHO we are in Truth, WHAT our inherent core (survival) fears are (based on our pre-birth arrangement) and what defense mechanisms we have developed in our early childhood to cope with these fears. The teachings are very self-transformative and powerful.

The time for change and transformation is now! We are all inhabiting this very same planet at the same time, however, we do live in different realities. Depending what reality one lives in, one conducts oneself, one’s career, relationships as well as financial and money matters either in the old or the new paradigm.

Diana Caughell is founder and president of NuLifeTraining4U, a company dedicated to empowering clients to live a healthy, happy and successful life. Additionally to her spiritual trainings and education, Diana draws upon her management, marketing, and financial expertise to help clients achieve permanent sustainable personal and professional success. Diana teaches proven, practical mental and spiritual power tools for dealing with every-day challenges in career, relationships or personal life in a more efficient and powerful way. She works with individuals and companies, gives workshops and speaks on topics of personal growth and development, human transformation and evolution.