Despite the huge advances in information and communications technology, Business travel continues to play a significant role in the working lives of many Britons, with millions of UK residents travelling abroad each year on business.
The rapidly changing world of business, coupled with economic uncertainty across Europe has led to more and more companies looking to new and unfamiliar frontiers in search of growth. While the opportunity to travel on business can often be exciting and different, it can sometimes pose several risks to employees.
As well as the health risks and security issues that come from working in an unfamiliar place, your employees will often have to deal with language barriers, poor transport links and cultural differences that make your job as a responsible employer, all the more complex.
“Historically, it was the oil and gas, mining, extracting industries working in these sorts of places,” says Tim Willis, a security director at International SOS and Control Risks. “[But] we’re increasingly seeing a more diverse client base going to a lot of these more frontier markets.”
Adequate Insurance Cover
In order to protect your staff and business from the problems that may arise when working abroad, it’s important to think about the type of cover your insurance currently provides. For example, what happens if you need to evacuate employees quickly? The latest figures for an evacuation flight currently start at £15,000!
A more common problem when travelling abroad on business is health issues which can leave employees unable to work and vulnerable in countries where the local health care may not always be up to western standards. Ensuring that your employees have up-to-date vaccinations and possess all the necessary medication for their trip abroad is essential!
In some Middle Eastern countries, visitors without the necessary travel insurance cover may not even be able to access vital emergency health care. In addition, doctors or medical facilities in Africa, Latin America and the Far East may require cash payments before administering any type of treatment.
Providing Support and Information
Beyond bacteria, business travellers can face physical risks when working abroad, ranging from petty street crime to violence and kidnapping. Some insurance companies, such as AIG, provide staff with valuable information and advice about the local area and a quick-call help button (via their mobile app) that connects users to their emergency travel, medical and security assistance. In cases of theft or lost luggage, they also give employees the necessary means to purchase essential replacement items that could otherwise have a drastic effect on business continuity.
Taking responsibility for the health, safety and well-being of your employees whilst abroad is not only a moral and ethical obligation, but in some countries legislation on corporate manslaughter and health & safety requires it. Failure to take the necessary steps to protect yourself and your company could result in huge litigation costs, as well as irreparable damage to your business.
For more information on selecting the right insurance policy and the services available, watch the video below:
Trump Comments on Stock Market’s latest drop – says it’s ‘peanuts’
Trump says Tuesday’s market drop is ‘peanuts’
President Donald Trump played down the stock market’s losses on Tuesday as “peanuts” when compared with the importance of striking a good deal with China and the gains since his election.
The Dow Jones Industrial Average “was about 16,000 or 15,000 and now it’s almost at 30,000,” Trump said at the NATO summit in London. “It’s going to be at 30,000.”
“If the stock market goes up or down — I don’t watch the stock market. I watch jobs. Jobs are what I watch,” he added. Today’s move is “peanuts compared to — we have picked up record numbers so that’s OK. That’s the way I feel.”
The major stock indexes slid Tuesday after Trump said he thinks it would be a good idea to delay signing a trade deal with China after the 2020 presidential election. The Dow Jones Industrial Average fell more than 450 points at its lows on Tuesday, led lower by trade-vulnerable Apple, Caterpillar and 3M.
“In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now, and we will see whether or not the deal is going to be right,” Trump told reporters before U.S. markets opened Tuesday. When asked if he had a deal deadline, he added: “I have no deadline, no. … In some ways, I think it is better to wait until after the election if you want to know the truth.”
Despite his assurances that he doesn’t watch the market’s daily moves, Trump often tweets within hours of when the U.S. equity market reaches an all-time high. He has tweeted the keyword “stock market” 107 times since his inauguration
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11 kids quotes we’re all feeling
Ok so there’s always that time when you just wish so bad you could straight up say whats on your mind, but you know you really shouldn’t, so you don’t. Well leave it up to kids to say exactly what you’re feeling, no hesitation or regret. Check out these kids quotes that say everything you wish you could!
Why do kids say the darndest things? Comment with your favorite!
How to become a better businessman in 6 steps; Priceless advice from Entrepreneurs
Become a better businessman in 6 steps following this priceless advice from accomplished entrepreneurs.
- “Do something you’re very passionate about, and don’t try to chase what is the hot passion of the day.”
Jeff Bezos accentuates having passion for what you are doing, because if you don’t love it you are much more likely to give up. It’s hard to take an idea and turn it into reality, especially by yourself or when people whom you respect tell you it can’t be done. The passion and love you give to your project will determine it’s success rate over time.
- “Don’t let people who you may respect and who you believe know what they are talking about tell you that it can’t be done.”
Pierre Omidyar continues to say that often they will tell you it can’t be done and that’s only because they don’t have the courage to try it.
- “If you know exactly who you want to be, you need to spend as much time [as possible] with people that are actually that already.”
This advice from Gary Vaynerchuk is actually priceless when it comes to success in the business world. Think as well “It’s not what you know but who you know,” and surround yourself with people you look up to. Human’s adapt to their surroundings quickly, and soon you won’t just want to be an entrepreneur, you will also know how to act like one.
- “Come up with 10 new ideas every day.”
Coming up with at least 10 new ideas every day will keep your “idea muscle” in shape, which is critical for an entrepreneur in order to keep going and stay ahead of the fast paced business world. James Altucher continues to say that once you’ve done this for about 6 months you will be an idea machine. New ideas keep passionate projects alive and ensure growth in every direction.
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- Realize that, “naturally, nobody is interested in your ideas. You have to persuade them, and you have to show them that you are the one person out there that can do it.”
Robert Greene, an American author known for his books on strategy, also says that “no one is really going to help you or give you direction.” Realizing this sooner than others will give you a head start and the ability to stop looking for recognition in others. Instead, you can focus on your passion project and make it perfect, and the world will not be able to ignore it.
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- “Don’t think about ‘how do I get big fast.’ That will happen if you build something meaningful and important.”
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Danae Ringelmann’s advice is not something to skip. If you rush your ideas or your product you will be relying on luck more than anything to create success for you. While luck is certainly involved in alot of things, relying on it or betting on it to ‘get big fast’ doesn’t help you become a better businessman. Being proud of what you create, instilling passion into your work, and working hard will ensure success more than anything.
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