oil-dropLast week, David Rose, Patrick Adams and, one of our Nexus founders, Gavin Perrett, gave 10 minute presentations to their groups as part of our Speaker Series.

Rather than discuss financial services, which are his usual area of expertise, Gavin Perrett of Liddle Perrett Ltd. talked at length to Nexus members about the need to establish wills and power of attorney. He emphasised that this is essential for sole-owner businesses, just to ensure that your family are protected, in the unfortunate event that something should happen.

David Rose from the estate agency, Homes 24 Seven shared with the group his business plan, explaining his unique approach to customer care and competitive pricing options. He explained his mission is to develop an Estate Agency that could offer competitive rates, and dispose of the upfront fee, whilst offering reduced costs, and still providing value for money, as well as maintaining all the advantages of a traditional Estate Agent. Clearly this business approach of shaping your company around your clients is working – David reports that 50% of business comes from client recommendations.

The final speaker of the week was Patrick Adams from Energycentric. His presentation to the group gave a good explanantion of the recent drop in oil prices, as well as explaining how this can effect the everyday consumer. According to Patrick, the short version of the story goes like this:

For much of the past decade, oil prices were high — bouncing around $100 per barrel since 2010 — because of soaring oil consumption in countries like China and conflicts in key oil nations like Iraq. Oil production couldn’t keep up with demand, so prices spiked. By 2014, oil supply was much higher than demand

But beneath the surface, many of those dynamics were rapidly shifting. High prices spurred companies in the US and Canada to start drilling for new, hard-to-extract crude in North Dakota’s shale formations and Alberta’s oil sands. At the same time, demand for oil in places like Europe, Asia, and the US began tapering off, thanks to weakening economies and new efficiency measures. On top of that, countries like Iraq began producing more oil.

At Nexus we have members from many different trades, all with a wealth of knowledge, which they are keen to share with fellow members. If you like what you’ve read, why not come along to our next Speaker Series? Contact Paul Lomas on 07807 494530 or email paul.lomas@energycentric.co.uk to book your place.