BUSINESSNEWS
DELIVERING BUSINESS GROWTH THROUGH ENVIRONMENTAL, SOCIAL & GOVERNANCE FACTORS Business growth has historically been driven from a focus on financial factors such as stable revenues, high margins, and market share. Here at Bishop Fleming, we have actively observed the correlation between business growth and companies who consider non-financial factors such as Environmental, Social & Governance factors (ESG) in their business strategy. This is because investors and other stakeholders value companies that actively make decisions to monitor their impact and who make changes to their policies and practices to address the findings. Through meeting high ESG standards and having accountability, businesses can achieve ESG accreditations such as B Corp and SEDEX certification. Communicating these certifications to stakeholders increases value through motivated employees, increased customer loyalty,
Marcus Williams, Executive, Bishop Fleming
higher levels of innovation, and market leadership. A focus on ESG factors can include a review of how a business impacts its local society in terms of meeting the needs of workers, communities and supporting other local businesses to create shared value. It can also include a review of their supply chain to ensure a focus on sustainability through understanding the environmental impact of procurement. mwilliams2@bishopfleming.co.uk 01905 732116
CHOOSING THE RIGHT SOCIAL MEDIA PLATFORMS FOR YOUR BUSINESS In today’s digital world, businesses widely understand the necessity of a strong social media presence. However, with what feels like an endless choice of social media platforms, it’s a challenge to understand which ones your business should focus on. Yet the choice can be very simple. Only focus on the platforms where your audience are. If your audience mostly use LinkedIn, focus on building a following there. If your audience mostly engage with educational video content, start creating your own.
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There’s no point spending valuable time and resources creating videos for TikTok just because it’s a popular platform. Overall: Facebook, Instagram and TikTok can work wonders for a B2C e-commerce business while LinkedIn can be perfect for B2B. It’s important that you focus on the right platforms for your business, making sure that the platforms you use will have the biggest impact on business growth and provide the best ROI.
2022 IS THE RIGHT TIME TO GAIN EXPERT ADVICE With cost of living on the increase, including a rapid rise in gas prices and a rental price jump, now is the right time to look at cost savings and gain expert advice. Jake Mountford, Director at Hazelton Mountford, explains: “Hazelton Mountford have secured more business in various sectors due to a thorough review, making client cost-savings and, in some cases, increased cover. For the same, sometimes less, cost.” More recently Hazelton Mountford acquired a new client after conducting a full review and re-market of their portfolio of insurances, which hadn’t been done by their current broker in the previous year. Our work and recommendations resulted in them saving over £40,000 (around 35%) on their premiums from the previous year. We were able to identify areas of duplication of cover as well as ways to run their insurances more economically. Asking a professional broker like Hazelton Mountford to look at your specific needs can help you gain the safety and security you require when it comes to insurance cover. Hazelton Mountford are the only Independent Chartered Insurance Brokers in Worcester, and it sets them apart from the other brokers and companies within the area. The Chartered status means that they demonstrate a high level of expertise throughout every level of their business. Jake continues “With our experience and due diligence, we can offer the right cover at the right price. Now is a great time to review your insurance cover so, when it’s up for renewal, please make a call to the team and see if we can make cost-savings for you too.” Call 01905 611951 to chat about your review now. www.hazeltonmountford.co.uk
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July/August 2022
