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The financial services industry is positive about disruptive tech

Blog

Danielle Trigg

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13/04/2023

The financial services industry is positive about disruptive tech

Disruptive digital technologies like artificial, robotics, and blockchain are transforming the banking and financial services industry. Sure, these technologies are unlikely to fully replace human-required services like fund management, but nevertheless, the opportunities are looking good.

In this article, we will review the roles disruptive technologies can play in the financial services industry ‒ and assess the risks as well!

The use of disruptive technologies in the financial industry

According to common opinion, blockchain, robots, and artificial intelligence are predicted to revolutionize the financial services industry. On the other hand, they can have their own limits — and it is also worth discussing.

It would be wise to discuss this with financial leaders. According to different studies, these people are somewhat optimistic about blockchain, AI, and robotics, but many also voiced some concerns about the dangers associated with disruptive technologies.

Despite the fact that many executives and enterprises acknowledged a need for a deeper understanding of these technologies, many businesses are trapped between a challenging learning process and the need to answer competition challenges.

Some business leaders are also concerned that there is a gap between imagining what disruptive tech can do and its actual capabilities.

Artificial intelligence

Financial services companies already use AI for various purposes. For example, artificial intelligence has proven to be effective as a solution for customer support (chatbots) and even the evaluation of credit scores. This is something everyone associated with the financial sector is familiar with, one way or another.

Of course, artificial intelligence as a technology carries its risks. Among them are regulatory mistakes, lack of human factor, and lack of context knowledge. These risks are among the main reasons why many companies are cautious about integrating AI into their primary business operations.

Robotics

Robotics also shows a significant increase in popularity among financial experts and financial industry leaders. Apart from customer service terminals that many people are already familiar with, there are also software robots that can automate many financial processes ‒ for example, manage the customer base or resolve primitive automation issues in business processes.

Several dangers are associated with implementing robotics as a technology in the financial industry, including a possibility of a poorly designed automation that might increase processing mistakes. A moral dilemma is emerging, as robots might replace human labour.

Blockchain

Financial institutions feel that blockchain is at the cutting edge of technologies that might significantly influence their industry. Numerous financial institutions are starting to work with well-known cryptocurrencies and stablecoins, employing blockchain to construct different financial platforms ‒ exchanges, and funds, for example.

While considering blockchain, a variety of risks need to be taken into account. Two typical blockchain issues include

the risk of value transfer, when participants in the peer-to-peer structure are exposed to risks that a central operator would typically control ‒ for example, malicious transactions;
the risk of smart contracts ‒ they have the capacity to store complex financial and legal agreements, but it can be challenging to adapt them to the various combinations, exceptions, and limitations that exist in the actual world.

Also, smart contracts require additional expenses tied to their audits ‒ once the contract is launched, there is no way to imply any changes. Since they are executed automatically, the code must be exceptionally well-written to exclude mistakes and miscalculations.

Thales Capital Luxembourg can be your best partner in investment management, corporate governance, and other essential financial services. Contact the company now at +35220334030, email structuring@thales.lu, or visit 2 Place de Strasbourg L-2562 in Luxembourg for more details.

Tradesman Saver’s Advice on Protecting Your Business in the Year 2023

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13/04/2023

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Tradesman Saver’s Advice on Protecting Your Business in the Year 2023

Following the Health and Safety Executive data published for all work-related injuries in 2022, revealing how millions have been paid out by construction companies hit by big fines, Tradesman Saver shares how to protect your business in 2023.

The Health & Safety at Work Summary Statistics for Great Britain 2022 revealed 36.8 million working days were lost due to work-related ill health and non-fatal workplace injury in 2021/22 (Source: Estimates based on self-reports from the Labour Force Survey).

Overall, there were 1.8 million work-related health cases across 2021/22, including 123 work-related deaths.

The most common injuries across all industries were caused by slips, trips, falls on the same level (30%), handling, lifting or carrying (18%), employees being struck by moving objects (11%) and falls from height (8%).

In 2019/20, the annual cost of work-related injury was £7.6 billion.

Essentially, the statistics highlight the need to protect your business, especially if operating in high-risk industries such as the construction business. As well as protecting your employees in case of injury, businesses and tradespeople also need to protect themselves financially if customers, suppliers or the public suffer personal injury or damage to property as a result of your business operation.

Tradesman Saver’s comprehensive Public Liability Insurance is essential for protecting businesses from financial losses due to damages or injuries in 2023. Although not a legal requirement, Public Liability Insurance coverage can be invaluable for a range of tradespeople working in public areas as it covers any claims against them should something go wrong with a project or job.

“Public Liability Insurance is the cornerstone of any successful business, protecting you and your employees from unexpected financial losses due to third-party claims. It can act as a vital safety net for tradespeople and small businesses. It safeguards them from potential losses if a customer or member of the public suffers an injury or property damage as a result of their services.

Without it, a tradesperson could be exposed to potentially crippling legal costs and compensation payouts. With our comprehensive coverage, you can have peace of mind knowing that you, your staff and your business are covered for accidents that happen on your premises, on-site and off-site.” – Mark McPherson, Tradesman & Construction Expert at Tradesman Saver (29/03/23)

To obtain an instant public liability insurance quote, business owners and sole traders can complete the simple Tradesman Saver Quote form with their basic business details. They can then benefit from instant activation of the Tradesman Saver policy and view their certificates online.

DENTON Introduces Comprehensive and Industry-Leading ESG Policy

Olivia McHugh

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13/04/2023

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DENTON Introduces Comprehensive and Industry-Leading ESG Policy

DENTON, a leading UK-based design and fit-out company, has revealed the implementation of its comprehensive and industry-leading ESG policy. The new policy is part of DENTON’s ongoing commitment to sustainability and responsible business practices.

DENTON’s ESG policy encompasses a range of environmental, social, and governance practices aimed at reducing the company’s carbon footprint, promoting social responsibility, and championing diversity and inclusion. They are looking to set the benchmark and exceed the current expectations of ESG compliance and focus within the commercial property sector. The policy includes a set of ten simple measurable targets that the company aims to achieve over the next few years.

DENTON’s 10 ESG Policy Targets:

• Provide an annual ESG report.

• Monitor its revised ISO 14001 standards quarterly.

• Monitor its detailed DENTON ‘best practice’ policy annually.

• Achieve 0.5% waste to landfill by 2024.

• 25% of CAT B projects are to be SKA accredited by 2025.

• Maintain over 50% employment parity.

• Maintain its ongoing commitment to high levels of minority representation.

• Reduce scope 1, 2 and 3 greenhouse gas (GHG) emissions by 5% by August 2024.

• Train staff in the use of ‘One click’ LCA software to target, measure and record its carbon impact.

• DENTON’s future ESG reports will reference SASB’s reporting framework for the Engineering & Construction Service industries.

“We are excited to launch our comprehensive ESG policy, which sets out our commitment to sustainability and responsible business practices,” said Richard Douglas, Director of DENTON. “We believe that sustainable business practices are key to creating a better future for everyone while improving investment opportunities for our clients. We are committed to making a positive impact on the environment, our communities, and our employees, and we look forward to working with our stakeholders to achieve these goals.”

About DENTON

DENTON is a leading office design and fit-out company, crafting innovative workspaces to meet any requirement. Since its beginnings in 1996, DENTON has worked on over 180 projects in various stages of construction and design. DENTON is based in London, but also has offices in Manchester and Liverpool. For more information, please visit www.denton.co.uk/our-esg-policy.

Customers of Feel Good Contacts Enjoy 50% Off Farah Brand Glasses

Olivia McHugh

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13/04/2023

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The online retailer, Feel Good Contacts, providing discounted glasses, contact lenses and eyecare products for customers in Europe, has launched a promotional sale on all Farah glasses frames, offering 50% off the whole collection.

The promotion is eligible to existing and new customers alike and can be used alongside other saving schemes using the code “FARAH50”.

“Farah is a really popular brand that generally has something special to offer everyone, in any age group. It’s certainly a brand that we can trust to create a premium product that lasts the ages,” says Khuram Sarwar, Dispensing Optician at Feel Good Contacts. He adds, “I would recommend Farah as an investment brand usually, so now is an excellent time for customers to consider their next glasses purchase.”

Customers can place their order without a prescription at the checkout, giving them freedom to take advantage of the deal while they can. Once customers have found their perfect pair of Farah glasses, they can place their order straight away and simply provide their unique prescription details later on via email or phone.

Feel Good Contacts is committed to creating opportunities for its online-only customers to save money on essential eye care. Premium and designer glasses frames and fashion sunglasses are included within this commitment to demonstrate the value of maintaining a healthful eye care routine.

Customers already make substantial savings on glazing glasses frames at full cost, when compared to quotes from boutique and high-street opticians. All glasses frames at Feel Good Contacts are available with free standard lenses for mild to medium prescriptions. Additional coatings and treatments are also available at competitive prices in comparison to brick-and-mortar alternatives.

With discounts on individual products and loyalty schemes such as Refer a Friend, Reward Points and continuous subscriber discounts, customers save even more when they buy online through Feel Good Contacts.

About Feel Good Contacts

Established in 2008 by qualified optometrists, UK based Feel Good Contacts is one of the leading online suppliers of discounted contact lenses, contact lens solutions, glasses, sunglasses and eye care products operating across the UK, Ireland and France. Rated ‘Excellent’ by 50,000+ Trustpilot users, Feel Good Contacts is also the only UK eyecare company to offer this discounted service via a mobile app.

https://www.feelgoodcontacts.com

https://www.feelgoodcontacts.ie

Gordon Ramsay’s Future Food Stars TV Show Appoints K2L

Olivia McHugh

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13/04/2023

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Gordon Ramsay’s Future Food Stars TV Show Appoints K2L

Salford-based digital marketing agency, K2L, has been appointed as the creative force behind the packaging for contestants competing in this Thursday’s episode of Gordon Ramsay’s Future Food Stars, on BBC One and BBC iPlayer.

Image 1 scaled e1681378606724 — L-R: Kier Kemp, Rachel Munro, Sophie Taylor, Amy Dalby, Craig Stocker, Flo Rebattet, Gordon Ramsay, Sam Pascal, Naomi Boles, Andy Albalous, Kris Ingham, Hebe Ibbotson, Gary Quinn.,SERIES 2,Studio Ramsay,Matt Frost

The Apprentice-style TV series features Gordon as he searches for the country’s most exciting and innovative new food business, with twelve of the country’s top up-and-coming food and drink entrepreneurs vying for a £150,000 investment into their business.

The celebrity chef tasked contestants with the challenge of creating a concept for a healthy meal on-the-go which K2L then brought to life with branded packaging designs for three teams.

Scott Kennedy, Managing Director at K2L said “We were delighted to be chosen for this exciting collaboration with Studio Ramsay and look forward to the seeing our designs come to life on screen.”

After positive feedback, Studio Ramsay said, “The team and Gordon can’t thank you enough.”

Catch the latest episode of Gordon Ramsay’s Future Food Stars on Thursday evening at 9:00pm.

New Office Cements Hybrid-Working Policy for Fluid Commerce

Olivia McHugh

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13/04/2023

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New Office Cements Hybrid-Working Policy for Fluid Commerce

With a new office in the heart of Manchester’s tech ecosystem, e-commerce agency Fluid Commerce has cemented its position as a fully flexible, hybrid-working company.

The move to Colony Jactin House in Ancoats follows the development and performance marketing company’s biggest ever financial year.

Adam Hindle, managing director of Fluid Commerce, said: “Since Fluid was established in 2009, we have experienced consistent year-on-year financial growth, and 2022 was the biggest jump in revenue in our history. That’s why it was time to move offices to one with upgraded facilities, and one that better reflects our commitment to hybrid working.

“We have long embraced a flexible-working policy, allowing our staff to work when and where suits them best, but since 2020 our team has undergone a transformation, with members now located as far north as Dundee, as far south as Devon and everywhere in between.

“Moving into Colony allows us to retain our own private office and offer improved facilities to our Manchester-based staff, and means we can also put on bigger, more exciting social events for when the team comes together.”

Located in the heart of Ancoats, Colony Jactin House features luxurious communal spaces, private meeting rooms, a spacious roof terrace, complimentary refreshments, onsite showers and secure bike racks.

Adam said: “Colony was the perfect match for us – it’s located in the epicentre of Manchester’s thriving digital sector and the facilities are beyond compare. Our new office is private and comfortable, and the communal spaces are sure to impress when our clients come to visit. Plus, many of us are keen cyclists, so the on-site shower and secure bike racks are a definite bonus!”

The agency’s clients include Moda Furnishings, Stone Group, Sarah Chapman, Lakeland Leather, The East India Company and Le Col.

Colony’s Operations Director, Becca McKeown, said, “We’re delighted to have Fluid Commerce join our network as members of Colony Jactin House, and as leaders in the ecommerce tech space. It is great to support another team like Fluid in adopting a fully-flex hybrid way of working.

“Our community teams look forward to welcoming Fluid’s nationwide team and clients, and showing what Manchester has on offer through our weekly networking events across the city centre.”

Colony Jactin House is metres away from the thriving Cutting Room Square, and minutes from Piccadilly train station Manchester’s city centre.

Adam said: “We’ve got a lot in store for 2023, with new services, new clients, and continued investment in our team lined up. Our new office marks the beginning of a new chapter for Fluid Commerce, and we look forward to inviting our clients, friends and partners over for a welcome drink!”

Manchester United vs Sevilla Offer: Bet £10 and Get £30 in Free Bets with bet365

Sport

Dean Carr

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13/04/2023

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Manchester United vs Sevilla Offer: Bet £10 and Get £30 in Free Bets with bet365

Manchester United will host Sevilla in the first leg of their Europa League quarter-final at Old Trafford on Thursday.

To add to the tension and excitement this Thursday evening, bet365 is offering first-time customers an excellent welcome offer: claim £30 in free bets when you bet £10! bet365 is one of the world’s most well-known online betting platforms, and this bet £10 get £30 offer can be claimed by placing a £10 qualifying sports bet which, once it has settled, will see you rewarded with £30 in bet credits.

18+ Gambling Can Be Addictive. Please Play Responsibly. BeGambleAware GamStop Gambling Commission

Manchester United head into the game against Sevilla not quite at their free-flowing best since the international break. The absence of Marcus Rashford may not help their cause against a tenacious Sevilla team either; though this team have not been beaten for nearly seven months at Old Trafford. United, who have also won each of their last two matches, will feel very confident against a below-average Sevilla Team.

Sevilla is languishing in the bottom eight in La Liga, just five points off the relegation places. However, with six wins in this competition — more than any other team in history — they should be written off at your peril. The Spanish side are also unbeaten in their last two in La Liga.

How To Claim bet365 Offer

If you want to claim this bet365 welcome offer, you can do so in time for this week’s standout fixture of the UEFA League. Following these steps, you can claim the offer in just a few minutes.

Click the link above to be taken to bet365’s sign-up page
Create an account with the bookmaker
Make a first deposit and place a qualifying bet between £5 and £10 on a selection at odds of 1/2 or greater.
Wait for your qualifying bet to settle and claim your free bets worth three times the value of your first qualifying bet.

Add your selection/s to the bet slip and select ‘use bet credits’ to use your free bets.

As mentioned, this offer’s maximum free bet value is £30. You will need to make the maximum deposit of £10 to be rewarded with the £30 in free bets — if you deposit the minimum amount required of £5, you will be rewarded with £15 in free bets.

Offer Significant Terms and Conditions

Available to new customers only. Make a qualifying deposit of £5 or more and claim the offer within 30 days of registering your account to qualify for 300% of Bet Credits, up to a maximum of £30 in Bet Credits. Once released, your Bet Credits will be held in your account balance and are non-withdrawable.
To release your Bet Credits for use, you must place qualifying bets to the value of your qualifying deposit (capped at £10), and they must settle within 30 days of claiming the offer. Only qualifying bets placed and settled after claiming the offer will count towards this requirement.
Apple Pay, Google Pay, PayPal, Paysafecard and all other prepaid credit and debit cards, where available, cannot be used for either your qualifying deposit or any subsequent withdrawal of returns from Bet Credits stakes unless we have successfully verified an accepted form of your Identity Documents. You have entered a Postal Verification Code (PVC), or we have successfully verified two accepted forms of your Identity Documents. See condition 2 of the full Terms and Conditions for details.
Bets placed must meet certain conditions to count towards the release of your Bet Credits:
- Must contain at least one selection at odds of 1/5 (1.20) or greater.
- Only the largest cumulative stake on an individual selection within a market/fixture combination (pre-match or In-Play) will count towards the settled bets requirement.
- Where a stake has been partially Cashed Out, only the remaining active stake will count.
- Where a bet has been edited using our Edit Bet feature, only the new stake on the new bet will count.
- Fully Cashed Out, Instant Games, Gaming, Free Bets, void bets, and In-Play bets settled as a push or Fantasy Sports entries will not count.
Your Bet Credits are non-withdrawable, and Bet Credits stakes are not included in any returns. Any returns from Bet Credits placed will be added to your Withdrawable Balance. Bet Credits cannot be used on certain products, offers/promotions and bet types. See full Terms and Conditions for details.
Your Bet Credits will be forfeited and removed if your account is inactive for 90 consecutive days.

Grand National Betting Offer: Bet £10 Get £30 in Free Bets with Bet365

Sport

Dean Carr

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12/04/2023

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Grand National Betting Offer: Bet £10 Get £30 in Free Bets with Bet365

The Grand National, one of the most famous horse racing events in the UK, is coming up, and many great offers are available ahead of this highly anticipated race day! Bet365 offers a fantastic signup offer of Bet 10 Get 30 in free bets, so keep reading to find out how to claim this excellent offer.

18+ Gambling Can Be Addictive. Please Play Responsibly. BeGambleAware GamStop Gambling Commission

How to Claim Bet365 Bet 10 Get 30 in Free Bets

Claiming the Bet365 Bet 10 Get 30 in free bets offer is simple! All you have to do is click the link above to be directed to the bet365 website. To open an account, you must make a qualifying deposit between £5 and £10. You can then claim the offer, and 3x the initial deposit value will be credited in free bets!

To release the free bets, bet the same value as your initial deposit. This bet must be settled within 30 days, and it is essential to note that only qualifying bets placed and settled after claiming this offer will count towards this requirement. Select ‘use bet credits’ in the bet slip to place your free bets.

Bet365 Grand National Offer Terms and Conditions

Available to new customers only. Make a qualifying deposit of £5 or more and claim the offer within 30 days of registering your account to qualify for 300% of that amount in bet credits, up to a maximum of £30 in bet credits. Once released, your bet credits will be held in your account balance and are non-withdrawable.
To release your bet credits for use, you must place qualifying bets to the value of your qualifying deposit (capped at £10) and they must settle within 30 days of claiming the offer. Only qualifying bets placed and settled after claiming the offer will count towards this requirement.
Apple Pay, Google Pay, PayPal, Paysafecard and all other prepaid credit and debit cards, where available, cannot be used for either your qualifying deposit or any subsequent withdrawal of returns from bet credits stakes unless we have successfully verified an accepted form of your Identity Documents and you have entered a Postal Verification Code (PVC), or we have successfully verified two accepted forms of your Identity Documents.
Bets placed must meet certain conditions to count towards the release of your bet credits:
- Must contain at least one selection at odds of ⅕ (1.20) or greater.
- Only the largest cumulative stake on an individual selection within a market/fixture combination (either pre-match or In-Play) will count towards the settled bets requirement.
- Where a stake has been partially Cashed Out, only the remaining active stake will count
- Where a bet has been edited using our Edit Bet feature, only the new stake on the new bet will count.
- Fully Cashed Out, Instant Games, Gaming, Free Bets, void bets, In-Play bets settled as a push or Fantasy Sports entries will count.

About Bet365

Bet365 is one of the UK’s leading sportsbooks and has been one of the frontrunners for over a decade! There are many betting opportunities for sports bettors at this fantastic bookmaker, including Football, Tennis, Boxing and Horse Racing. The site is a trailblazer for esports betting, live streaming and in-play betting, and gives bettors a chance to bet on international tournaments and home soil.

We highly recommend Bet365 for betting on the Grand National this year; its Bet 10 Get 30 in free bets is an excellent opportunity to get 3x your initial stake in free bets! However, we recommend checking out the site’s ongoing promos to make the most of Grand National betting. You can also make the most of Horse Racing Bet Boosts across different racing events at 10 am on the race day.

93% Year on Year Rise in SME Owners Taking Personal Guarantee Insurance – Q1 2023

Olivia McHugh

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12/04/2023

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93% Year on Year Rise in SME Owners Taking Personal Guarantee Insurance – Q1 2023

Big uptick in applications with 32% of personal guarantee backed loans for working capital

April 2023: The worry of business failure is not stopping small and medium sized business owners from taking on new finance, despite a 33% rise in insolvencies_[i], as increasing numbers are using insurance to reduce the risk. The Purbeck Personal Guarantee Insurance Monitor for Q1 2023 shows more SME owners and directors secured finance with insurance to protect their home, car and other personal assets from being called on to pay back a business loan, than at any time previously.

Todd Davison, MD of Purbeck Personal Guarantee Insurance said: “It is perhaps no surprise that March was a record month for applications for Personal Guarantee Insurance (PGI) after the UK Chancellor failed to deliver much cheer to the small business community in his Budget. Interest rates rose again and we saw the end of the Energy Bills Relief Scheme_[ii], piling further pressure on struggling SMEs. However, it’s not all downbeat – we have seen more businesses securing personal guarantee backed finance for growth than ever before, using PGI to ease the financial worry that comes with that commitment.”

Key facts:

In March 2023, more SME owners applied for personal guarantee insurance_[iii](PGI) to mitigate the risk of business failure, than at any time previously
The number of applications for PGI for business loans was up 93% year on year in Q1 2023
PGI applications from Construction and Property firms reached their highest level to date, up 30% on Q1 2022
Demand for PGI is also strong in the Manufacturing sector – up 181% on the same quarter in 2022
The average personal guarantee backed loan was £583,539 in Q1 2023, down from £714,576 in Q1 2022.
The volume of PGI applications from start-up businesses_[iv]has grown steadily over the past year and up 37% on Q1 2022. However the average unsecured start up loan has fallen from £123,353 to £64,176 year on year.
Working capital was the top reason for finance in Q1 2023 with 32% of applications for this reason.
However there has also been a marked increase in finance for investment in growth initiatives – the volume of applications was up 196% compared to Q1 2022 – the highest level recorded to date.
In line with the fall in the average loan value, the typical guarantee amount has fallen from £174,000 in Q1 2022 to £141,000 in Q1 2023
1 in 10 of those applying for PGI have personal guarantees in their name between £325,001 and £400,000

Todd Davison continues: “The take up of Personal Guarantee Insurance (PGI) amongst SMEs provides a barometer for the state of the UK’s lending market for this important sector of the economy. The increasing demand for cover shows how common it is now for lenders to ask for personal guarantees as security for business loans for SMEs. It is also clear that business owners and entrepreneurs are under no illusions over the personal risks of personal guarantee backed loans and are taking steps to mitigate those risks as costs continue to rise.

“It is imperative that small businesses get access to the cash they need to sustain themselves and grow in the year ahead, so that they can come out fighting when the economy starts to improve. Personal Guarantee Insurance is playing a key role in making the personal commitment to pay back a business loan more palatable.”

Growing Strong: 3 Ideas to Take Your Hair Salon to the Next Level

Blog

Claire James

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12/04/2023

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Growing Strong: 3 Ideas to Take Your Hair Salon to the Next Level

Do you ever really stop and consider the big picture for your hair salon? It’s easy to get caught up in the rush of running a business and forget to step back and assess where you stand in terms of your long-term goals. In fact, you could be too preoccupied to realise that your priorities have shifted or that you’re passing up profitable opportunities.

If you haven’t done so already, it’s a good idea to give some serious thought about what ‘growth’ means to you and your business. You might want to increase your profit margins, offer a more diverse range of treatments, or upgrade your salon.

To inspire you, we’ve put together three top ways to grow your hair salon business and take it to the next level. Let’s jump in.

1. Reduce operational costs

As a salon owner, you’ll no doubt be familiar with overhead costs — from your rent and tax, to salon inventory and marketing expenditure — and know how much these essential operational outgoings can eat into your bottom line. However, there are ways to reduce your salon expenses and keep more of your hard-earned cash to invest back into your business.

While it’s tempting to slash expenditures wherever you see fit, though, pausing to first do a full audit of your spending will help you in the long run. From reducing overstaffing to trimming your inventory, there are numerous ways to cut your salon expenses without compromising your services.

That said, some overheads, such as insurance, should not be skimped on. As the experts over at Salon Gold explain: “insurance is essential for any hairdressing salon. Without specialist insurance, you would be left to foot the bill in the event of any loss or damage to your property or any compensation claim made against you.”

2. Increase profit with new services

While retaining a customer is often much cheaper than acquiring a new one, a fresh wave of new clients can do wonders for your bottom line.

Introducing new services is a great strategy for expanding your customer base. This enables you to reach a larger target audience, whether you’re promoting a cutting-edge treatment, capitalising on a specific market need, or just offering more options across the board. There are numerous ways to update your services, from catering to new styling trends to cashing in on the burgeoning hair botox craze.

However, when creating new treatments or introducing new products, you’ll want to plan ahead. What you need in the way of training, tools, and accreditation will vary with the specifics of the service you intend to provide. Once everything is in order, be sure to update your salon website, socials and Treatwell page — if you have one — with your killer new services to spread the word and fill those empty chairs.

3. Upgrade your interiors

If your salon is attractive and stands out from the competition, customers will be more likely to upload images of their visit or write positive reviews online.

However, there’s no need to go to great lengths or spend a lot of money to give your salon a facelift. A quick lick of paint, for example, could work wonders for its atmosphere. Keep in mind that if you are on a tight budget, it’s best to target the areas your salon will benefit from the most change — those that see the heaviest footfall, or work areas that have been worn down by years of use.

If you have a larger budget, rebranding your salon altogether could be a worthwhile investment. Whether it’s to meet current consumer demand with a biophilic or sustainable theme, or giving your interiors a dramatic makeover that better suits your personality, you can take your hair salon to the next level with some stylish and practical changes.

The use of disruptive technologies in the financial industry

Artificial intelligence

Robotics

Blockchain

How To Claim bet365 Offer

Offer Significant Terms and Conditions

How to Claim Bet365 Bet 10 Get 30 in Free Bets

Bet365 Grand National Offer Terms and Conditions

About Bet365

1. Reduce operational costs

2. Increase profit with new services

3. Upgrade your interiors

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