HiFx is a UK-based foreign exchange money broker, that provides foreign exchange and international money transfer services. This service is used by the general public and large corporations. For example, if an individual were to purchase a holiday home in Spain, they may use HiFX in order to convert their pounds into euros make their payment.
Mr. Taylor shed light on the reason behind his business success, stating that it was due to his ability to provide better rates than the commercial banks. However, despite his business not being a social enterprise, his approach to business was overtly ethical and his future business plans for his pension scheme continue to uphold this ethos. His passion and drive was very inspiring.
The lecture was also very informative and would have been particularly relatable to those currently studying AS Economics, since we have just grasped the topic of foreign exchange.
I'm sure that the stress Mr Taylor placed on the importance of being passionate, driven and confident will benefit everyone who listened to the talk. Even if they do not desire a career in this industry.
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