Face Value | Sherie Griffiths

November 10, 2011

If variety is the spice of life, my radio show is a curry!

Filed under: Business, Communication, Events, Marketing, Media, The Enterprise Gateway — Tags: 17th November, 24th November, Basildon, Centre Of Excellence, Centre of Excellence for Women Entreprenneurs, CEWE, conference, Curry, Danny Miles, Entrepreneur, Face Value, female entreprenneur, Gateway 97.8, Last Friday, Life Coaching, Love Radio, Radio, Radio Show, Relevance, Sherie Griffiths, Spice Of Life, Sports Clubs, Steve Jobs, Steve Jobs Biography, The Enterprise Gateway, Thurrock Area, University Of East London, Unrelated Areas, Variety Is The Spice Of Life, women, women in business — sheriegriffiths.com @ 11:41 am

One thing I love about doing the radio show every Thursday is that no two programmes are ever the same – or even remotely similar!

Last week, for instance, I was talking to Danny Miles of Ability Gateway. The business springs from Danny’s unusual mix of skills – from life coaching to Blind Football – yes, really! What links those two apparently completely unrelated areas together is a desire to help a broad range of people take control of their lives and fulfil their potential. Obviously, the Blind Football side of things has particular relevance to blind and visually impaired people who have perhaps always been without their sight (or the bulk of it) and have never been involved in sport, or who have lost the sight more recently and think they have to lose their sporting hobbies with it.

Danny also wants to get involved with sports clubs, which might be inclined to overlook anyone who can’t play the game in the conventional way.

So how does that feed into life coaching, for individuals and businesses? Because at the heart of it all is the confidence to push the perceived parameters of possibility – which (as I was discussing at a meeting last Friday, with someone who has just read the Steve Jobs biography) is what links every entrepreneur there ever was, is or will be!

On that basis, there is a clear connection between last week’s and this week’s show, however far apart they might seem at face value.

This week, it’s all about women and enterprise. Next Thursday, I’m off to the inaugural CEWE conference – the Centre of Excellence for Women Entreprenneurs, established by the university of East London. I’ll be covering the event in detail on the radio on 24th November, so this week I want to set the scene.

You can listen on 97.8 FM if you’re in the Basildon and East Thurrock area, or online anywhere.

Although I won’t be around in person for next week’s show (because I’ll be at the conference), I will be there in spirit – with an amazing story that proves thae old adage: ‘If at first you don’t succeed, try, try and try again!’

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March 4, 2010

A-Z of Terms – D

Filed under: Uncategorised — Tags: Accepted Bill Of Exchange, Bill Of Exchange, Bills Of Exchange, Cigarettes, Country Of Origin, Credit Period, Customs Duty, Discount House, Drawee, Due Date, Duty Rates, Face Value, Financial Solutions, Free Circulation, Import Duty, International Trade, Letter Of Credit, Letters Of Credit, National Businesses, Payment Acceptance, Recourse, Vat — sheriegriffiths.com @ 10:25 am

From International Trade Financial Solutions.

Discount: Defined here in relation to the discounting of Commercial Paper – typically Bills of Exchange. Where a future dated Bill of Exchange has been accepted by the drawee [the one who's due to pay - see below], it may be possible to discount the Bill. A Discount House [or bank] may agree to advance the bulk of the face value of the bill, thus helping your cashflow. Discounting can be with or without recourse [see Recourse, later on]. Usually only bank endorsed bills will be discounted without recourse [except for some specific agreements - usually restricted to larger, multi-national
businesses].

Drawee: The party on whom a Bill of Exchange is drawn, i.e. the one who is buying and has to make payment.

Drawer: The party who draws up the Bill of Exchange – the seller.

Drawing: In terms of Letters of Credit, a drawing is the presentation of documents for payment/acceptance under the Credit. Depending on the terms of the Credit, a drawing may be for part or the whole of the value of the Credit.

Due Date: The date on which payment of an accepted Bill of Exchange or a drawing under a deferred Letter of Credit becomes due. [A deferred Letter of Credit is one where there is a credit period between presentation of documents and payment, but no Bill of Exchange has been called for].

Duty: Import Duty may have to be paid on certain imports into the UK. Generally, there is no duty on goods that are already in free circulation within the EU. For goods imported from outside the EU, rates depend on product and Country of Origin. Duty rates are always based on the CIF value of the goods [regardless of which Incoterm was actually used for the contract] and VAT is added to the CIF value. Care, rates can and do change regularly and at short notice. Customs Duty is different, and applies to specific goods irrespective of their origin, for example, cigarettes, alcohol, etc. coming into the UK. For both types, it is usual
to have to pay the relevant duty amount to HMRC before goods are released [but see Duty Deferment below].

Duty Deferment: For regular importers, it may be possible to obtain a Duty Deferment bond from your bank and lodge this with HMRC. The effect of such a bond is that goods are released quicker and you pay the duty in arrears. There is a cost insofar as the bank will view this as a contingent liability and may require security and will almost certainly charge you for its issuance. Also, the bond must cover an average 2 month’s value of imports.

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