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The Chamber Voice - February 2017 Edition
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Cash is King

Earlier this month, I was asked to provide my top tip for business owners by a local St Albans business forum.  After some careful thought, I uttered the well-used but never to be under played phrase “never forget that cash is king”.
Whilst this is easy to say, it is often very difficult to achieve and almost all business failures result from an inability to generate or access cash at a time when they need it most. Indeed, while I was reflecting on this topic, I was reminded of a former business contact of mine who once told me in a mystified voice “I simply don’t understand it.

The more I sell, the more I need to borrow on my overdraft!”. So, what drives cash in a business and how can you ensure there is enough on hand to meet commitments as they fall due while also growing your business. 

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The Chamber hosted their first event at Centurion Club last Friday a fantastic Networking Lunch which unsurprisingly sold out very quickly.  Guest enjoyed a Galvin dinning experience, networking with fellow members and guests and had the opportunity to look around the club facilities. 

Michael Duffy from Centurion welcomed the guest especially those who had not yet seen the new club house, corporate meeting rooms or dined in the restaurant as yet.

He also mentioned a very exciting European Tournament scheduled at Centurion in May, The inaugural GolfSixes will feature two-man teams from 16 countries competing for a prize fund of 1million euros at the Centurion Club near St Albans over the weekend of May 6-7

The leading European Tour member from each nation will select his partner for the event, which will use the greensomes match play format, and both days will be screened live on Sky Sports

FIND OUT MORE
 
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Visionary Accountants blend the past with the future

Last year Visionary Accountants secured the leasehold at 2 Adelaide Street, overlooking St Peter’s Street, in the centre of St Albans.

After an extensive refurbishment Mel Hilbrown, Executive Director at St Albans Enterprise Agency (STANTA), officially opened the new offices on behalf of the Visionary Accountants team in January 2017.

Chris Wallace, Managing Director, Visionary Accountants said:

‘We’re delighted to move into such a historic building in the centre of St Albans. We were determined to create a functional blend of old and new that can service our clients’ needs in the digital age whilst respecting and preserving the rich heritage St Albans has to offer. It’s great for the team to be in town and our clients really appreciate the central location"
 
 
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Next Chamber Business Breakfast

Wednesday 15th March 7.15am

How can you make your business more sustainable without sacrificing profits?

 St Albans Cathedral
with Transition St Albans 
 
Book Now
This is a boxed text block. You can use it to draw attention to important content.
Chamber Annual General Meeting 
Thursday 9th March at 6pm
Followed by

Is there life after the budget?
 
Fresh from No. 10 the red budget briefcases of Antony Federer and Pat Strods from Rayner Essex LLP will be opened. 

They will reveal the effects of these latest budget announcements and the impact they will have on both businesses and their owners.

Their presentation will also briefly cover the introduction of Making Tax Digital, which entails significant additional reporting for unincorporated businesses.
 
EVENT DETAILS

AGENDA AGM 2017 
We have two new directors joining the board at the AGM:
Mark Bunting - Aitchison Raffety
Sean Hughes - Dylans Kings Arms
 
Book Now

 
What do do when an employee is going through a divorce

While divorce is a personal matter, the emotional impact can extend into the workplace and businesses are suffering as a result; it is costing the British economy around £46 billion a year. When people are distracted they make more mistakes and work more slowly. If they're feeling depressed, their creativity will be down. If they're feeling angry, they may project some of that anger onto co-workers or even customers.

Divorce isn't something that employees will necessarily wish to talk about, but the stress of a relationship breakdown can impact on their emotional wellbeing increasing stress levels dramatically. It therefore makes good sense for employers to acknowledge the role they can play in assisting their employees through the turmoil of a divorce.

By educating yourself about the impact of divorce and how to effectively manage the process, you can support your employees to maintain the focus and productivity you need. Recognising what employees face in divorce will lead you to a greater understanding of what needs to be done, thereby enabling employees to contribute more effectively.

What can employers do to help?


 
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A very warm welcome to the following new Chamber members
Please get in touch and introduce yourselves!


Ember Designs

MX2 Interiors Ltd

CSM Mediation UK

Savills

Hillier Hopkins

Clear A Waste

Indigo Tree Digital Ltd

Brian Arnopp Images

 
Our Members Directory

 
A gentle reminder to please check that your annual subscription has been paid, final reminders will be sent this week. If we have not received payment by mid March, your membership will be lapsed. 

We can set up a Direct Debit for you
To pay over the phone 01727 863054
 
Renew Now Online
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SA Law proudly supports St Albans Chamber of Commerce
To read their latest article click here »

Our team of legal experts are dedicated to helping businesses and individuals.
Learn more about our services by visiting www.salaw.com

St Albans 01727 798000 | London 020 7183 5683 | info@salaw.com

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St Albans District Chamber of Commerce · Suite 19, STANTA Business Centre · Soothouse Spring · St Albans, Herts. AL3 6PF · United Kingdom