Premier Member Profile

The Forum of Private Business

Contact: Peter Wormley
Address: 21 The Crossways, Chandlers Ford, Eastleigh, Hampshire, SO53 3BU
T: 02380972363 | M: 07989150972
.(JavaScript must be enabled to view this email address) | Company Website

The Forum of Private Business is the 2nd largest small business lobby and support group in the UK. For an annual fee of as little as £175pa Members of…

Listed in: Business Services

BBX: The bank of spare capacity

BBX is a community currency that enables entrepreneurs worldwide to leverage their spare capacity for new business opportunities.

BBX works along side your existing bank account and doesn’t replace your cash business but gives you additional revenue by selling your spare capacity within the BBX community.

  • Promote your spare capacity to the BBX network through your account manager.
  • Another business owner part of the BBX community buys it in return you receive BBX pounds.
  • Use your BBX trade pounds to buy things you want saving your cash.

Spare Capacity is the ability to take on more business without increasing FIXED COSTS. It is perishable and if not captured you can never get it back.

Some examples of this are:

  • Empty tables in a restaurant
  • Slow moving or surplus stock
  • Unfilled appointments
  • Vacant hotel rooms
  • Unsold advertising space
  • If you were to sell this spare capacity what would it cost?
  • Wholesale purchase price of product
  • Transport
  • Sub contract labour

For most businesses it is only the variable/replacement cost because when you take on an additional customer fixed costs such as rates, rent and PAYE for staff do not rise.

So how would it work?
An example of a transaction; a hotelier has some empty rooms and promotes them through BBX...

  • The hotelier received new customers by selling what otherwise would have been worthless spare capacity (an empty room).
  • The hotelier slashed cash costs by buying advertising with no cash outlay.
  • The hotelier bought stuff with no rise in fixed costs.
  • If the customers enjoyed their stay they would refer new customers who would pay the hotelier £££!
  • The hotelier has cut out the competition – because the customers are not staying with a competitor and not referring new business to.
  • As a direct result of the purchase the hotelier received new customers!
  • To pay for the £200 advertising with empty rooms only cost the hotelier around £40!

A WIN WIN for all!

OFFER! BBX UK have collaborated with First Friday Network and are offering businesses coming via First Friday the opportunity to take up a Silver Account worth £397 + VAT for FREE. 

So if you want to find out more take a look at the website and some of the information videos.

Find more about BBX here >>>

BBX Silver offer