Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.
They say that a company is only as good as its employees. And that’s true. After all, employees are the ones who implement strategies, deal with customers, and deliver results on a daily basis. However, in 2019, not all employees work for a company in a full-time capacity. Indeed, many companies hire freelancers on a semi-regular basis, and some reports predict that freelance professionals will outnumber “traditional” employees by the end of the next decade. The good news for business owners is that hiring the right freelancers can give them a massive edge and set their company up for success. Here, we’ll list four kinds of freelancers who can help your business significantly. Check them out below:
In an era when “content is king” a good copywriter can provide a company with many tangible advantages. Copywriters are able to process new information quickly, compose engaging content efficiently, and can often offer support to social media channels through posts as well. Even if your business doesn’t create content regularly, it’s a good idea to have a trusted copywriter on your side.
Hiring a freelance financial advisor or analyzer to take a look at your books from time to time can help you avoid major financial mistakes and form a cogent investment plan for the future. A little advice is in this matter can go a long way toward ensuring the viability of your business.
Many startups could benefit from the experience of a professional marketer like an SEO expert or a PPC consult. Freelance marketers can help small businesses maximize their visibility on search engines and garner more meaningful leads in the process. Investing in marketing support early on could set your company up for sustained success down the line.
A company’s website is one of –– if not its most ––
important commodities. Websites allow businesses to promote themselves, engage
with customers, and, crucially, make sales. As such, it’s imperative that new
businesses hire a professional web designer to guarantee that their site is not
only operational and functional, but that it’s appealing and modern as well. A
poorly designed website can undermine even the most solid business models.
The Bottom Line
As your company grows, it may make sense to hire one or more of
these freelancers to a full-time position. But until that day comes, you should
look for help from professionals in the freelance market. Just because you
can’t afford to bring on an employee in a full-time capacity, doesn’t mean you
should ignore marketing or web development issues. Instead, find capable
freelancers and build relationships with them. Doing so is essential to your
When you have bad credit, it might seem like
getting a loan is simply impossible. You could really use that extra money in an
unexpected financial pinch, but you don’t know if anyone
is going to help you out with a loan because of your credit. All is lost, and
there is no hope for bringing it back around, right? Wrong.
Even if you have bad credit, there are
workarounds to find a good deal on a loan. By playing your cards right, you can
leverage offers from other lenders to get your loan exactly how you want it. To
help you find a good loan with bad credit, we put together four tips that will
make your hunt easier.
1 – Shop Around to Compare Rates
No one said you could only ask one lender, so
why would you? You can talk to as many different lenders as you want, and you
should. As you start to shop around, you can get a better understanding of what
different lenders are willing to offer you on your loan.
Say you need to cover an emergency home expense. You can find lenders that specialize in helping people secure a line of credit loans for bad credit. These lenders will be able to give you different offers on what you want, so put them head to head. You can compare them on interest rates, payment periods, and the overall amount the lenders are willing to give you. That gives you a good idea of what you can get with your credit.
2 – Understand You Will Pay More with Bad Credit
Your credit score will affect how much you pay
on your monthly loan premium. If you enter your loan agreement with a bad
credit score, you should be prepared for two things.
The first is that you might not get the amount
of money you were looking for when you enter an agreement with bad credit.
Since you don’t have a good standing with credit, you may need to work your way
towards larger loans. If you opt for something like a line of credit, you can
raise the lending bar by paying back what you take, especially when you pay
more than the monthly minimum. If you pay it all off month over month, you can
watch your credit score change over time.
The second thing you need to keep in mind is
that bad credit means you will usually have higher interest rates and payments.
Since the lenders see a low credit score, they may assume they might not see
all of the money come back, at least not at the pace they like. To counteract
this, lenders may charge you higher premiums on a loan, so they can make sure
they are getting what they can each month. Just like your limit, a good payment
history can help reduce these monthly payments on something like a line of
3 – Work With Lenders That Trust You
If you can’t really find
a lender that meets your needs, you might want to go back to the places you are
in good standing with. Say you have had a bank account for a long time with the
same institution. It wasn’t this account that started your credit issues, and
as a matter of fact, you only have a shiny record with that bank or lender. You
might want to take your other offers and see if they can do anything better.
Even the bigger banks and lenders can bend their rules based on their
discretion, so you might get a better offer from that lender than you could get
from anyone else.
4 – Don’t Extend Your Loan Beyond Your Needs
Even if you get an offer back that accepts you
for far more than you were hoping for, you should still just get what you need.
If you are starting a line of credit, you will start to see the maximum
allowance go up as you pay back what you borrowed. That doesn’t mean you should
just start tapping into that bigger budget because it’s there. If you can’t fit
those additional expenses into your current budget, you will dig yourself into
a hole. That hole will start to hurt your credit, and that’s the exact opposite
of what we are trying to do here.
The same rule applies for fixed installment
loans. Just because you are approved for a certain amount doesn’t mean you have
to use it all. Instead, try to have 20% of it for a budget for paying back your
loan and getting the account in good standing. This will really help you out if
you fall on hard months where you might not make the payments. When you get
down to just that amount being owed, you can pay it all back at once.
Think About Your Budgeting
If you really go into this with a plan to pay it
back on time, you will be able to make a loan work. If you take that plan and
shop around, you can find the best deal on a loan, even if your credit is bad.
Remember, you can talk to them about offers you already have to try and pull
some leverage. Competition among lenders could turn into a better deal for you.
You might believe you got a good
deal when you pay a meager price for a salvaged car. However, such cars have
probably been rebuilt after being utterly destroyed in an accident. Car
insurance companies usually quote higher premium rates to insure these rebuilt
vehicles. Some automobile insurance agencies will not insure a salvaged car
while others offer liability coverage. Very few insurance companies provide
full coverage for such cars as it is difficult to assess all damages to the
What Does It Mean When A Car Has A Salvage
salvage title, also popularly known as a branded title, is issued to a vehicle
after it has been labeled as a total loss.
This is the opposite of a clean title which is what cars that have never
suffered severe damage are issued. If a vehicle suffers extreme damage and the
cost of repair is more than a certain percentage of the cars cash value, a
total loss has happened. Different automobile car insurers in different states
use varying levels as a benchmark for the total loss, but the value ranges
between 90% and 60%.
a car insurance company makes a total loss declaration and issues a salvage
certificate, the car can no longer be registered and can no longer be driven on
public roads. Insurance companies typically go on to auction salvaged cars off
to salvage yards or rebuilders. If a salvaged car is rebuilt correctly and
passes the necessary tests, a rebuilt certificate can be issued for it. If the
vehicle was restored but still declared unfit to drive, it is given a
non-repairable title instead. Such a vehicle can never be driven again and is
only used for parts or dumped altogether.
Does A Salvage Title Affect The Price Of Car
are varied reasons why the premium rate for car insurance will increase.
Typically, the elements that cause premium rates to increase depending on how
high risk the policyholder is. According to car insurance companies, driving a
salvaged car makes you a very high-risk client. For this reason, premium rates
for salvaged vehicles tend to be much higher than average.
can only be issued a salvage title if it passes inspection after rebuilding.
But there could be many defects hiding in covered areas, waiting to manifest at
the slightest encouragement. Such errors could even lead to unfortunate
accidents, and that is the biggest concern of auto insurance companies.
reason most insurance companies will not touch a salvaged car with a 6-foot
pole is they are difficult to value. Comprehensive collision insurance might be
a good deal for your salvaged car, but since your insurance provider finds it
hard to value the vehicle, you should expect costly rates. Other insurance
covers, including uninsured motorist and liability insurance, might not cost
more than usual because the value of the car is not considered for determining
Is It Worth It To Buy Full Coverage On A Salvage
The search for an
auto insurance company that will cover a salvaged car is only the beginning;
getting a reasonably priced quote is another ball game. While some people
prefer to have full coverage, even for salvage title cars, some wonder if it is
worth it. Car insurance companies generally estimate standard cars value lower
than expected. You can assume that this will be lower for salvaged vehicles.
Only about 80% of the cars salvage value will get to you.
consideration when contemplating full coverage for salvaged cars is that your
vehicle starts worthless. Insurance is usually paid out based on the value of
the car involved, so get ready to be paid much less if your salvaged car is
badly damaged in the future.
Cars with a salvage title are typically much cheaper than conventional vehicles. A lot of professionals advice car buyers to avoid buying salvaged cars or rebuilding total loss cars but these cars can still be driven and insured. Some car insurance companies will not provide coverage for salvaged cars, some only offer limited liability, but a few can offer full salvage title insurance coverage for vehicles with salvage titles.
If you have done proper research
and decided to buy and use a salvaged car long term, you can be covered by
individual car insurance firms. You should ask your car insurance provider
about their stance on insuring salvage cars. Also, inquire about additional
coverage you may be able to get with their regular packages. If you can find a
provider with a good deal, go ahead and make an offer. Make sure you have
confirmed that there will be no severe limitations for filing a claim with a
salvage title car before you go ahead. Your insurance provider might even
negotiate the value of the vehicle with you to provide you with the best
premium rates possible.
Nobody wants to be known for designing cars that people
crash. But cars used to be designed to look beautiful, rather than promote the
safety of their occupants. These days, manufacturers put their resources
towards making a safe car, right at the start of the design process.
There is a huge difference in safety between the best and the worst cars. In fact, a driver in the least safe car is 10 times more likely to be seriously injured or killed than in the safest car. So what makes a car safe? There are three elements: good structure, passive safety and safety assist technologies.
The structure of a car is its shell, and this is the main
protector. It has to withstand the force of a crash and channel those forces
away from all occupants. A good structure will protect the driver and
passengers and have effective crumple zones to absorb the energy of the crash.
During a crash, a safe car cabin can maintain its shape. The
steering column, dashboard, roof pillars, pedals and floor panels do not push
too much inwards. Doors remain closed, but can be opened afterwards for quick
rescue. Side door strength, padding and seating all protect from common, side
Passive Safety Features
Well-designed cars now have built-in safety features,
such as airbags, ABS brakes, electronic stability control, seat belts and seat
belt pre-tensioners to manage the forces of impact. While airbags have been
around a long time, they have become a lot more sophisticated.
Always look for front, side,
curtain and knee pedestrian airbags for maximum safety. For example, head-protecting side airbags such
as curtain airbags, work well in side impact crashes and rollovers.
Safety Assist Technologies
Advanced driver assist (ADAS) technologies actively help
to prevent or reduce the severity of a crash. They may be semi-autonomous or
fully autonomous. For example, intelligent speed adaptation (ISA), blind spot
monitoring (BSM) autonomous emergency braking (AEB) and active lane keep assist
(LKA). Note manufacturers currently use different terms for the same kinds of
systems, which can be confusing.
How do we know some cars are safer than others? From the
results of crash testing. US Insurance
Institute for Highway (IIHS) and Australasian New Car Assessment Program
(ANCAP) are two bodies that routinely conduct crash tests and award star
IIHS front-end crashed a 1997
Pontiac Trans Sport/Chevrolet Venture. The door frame buckled, the steering
wheel pushed into the driver’s face and the cabin completely collapsed. After a
redesign in 2005 using high-tensile strength materials and a more rigid
structure, crash forces dissipated through the floor. The engine slid under the
vehicle rather than into the driver.
ANCAP compared two models of Toyota Corolla 5-door
hatchback, one built in 1998 and one in 2015. The latest model has six airbags,
ABS, electronic brake force distribution and brake assist as standard. 1998 has
none of these. The 1998 model crumpled heavily with extreme risk of serious
head, chest and leg injury to driver and scored 0 stars. The 2015 model had
minimal damage and scored 5 stars.
Design Saves Lives
Nobody wants to see a member of their family or a friend get hurt in a crash. We know the design of a car is crucial to keeping the driver and occupants safe. Moreover, most insurers reward people who drive safer cars with lower premiums. Safer cars help protect the vulnerable people around you, who are innocently going about their business.
It is worth buying a car that is not only designed to be
beautiful, but keeps everyone safe.
Antonio Brown’s lawyer, Darren Heitner, said in a statement: “Mr. Brown denies each and every
allegation in the lawsuit.
“He will pursue all legal
remedies to not only clear his name but to also protect other professional
athletes against false accusations.”
He added that “any interaction… was entirely consensual”.
Antonio Brown has been in the press this week after publicly demanding on
Twitter that the Oakland Raiders release him and later receiving a reported $9 million
signing bonus for the New England Patriots.
The Patriots are playing the Miami Dolphins on September 15 and it is not
clear if he will be on the team.
Antonio Brown’s team said in a statement, in response to the lawsuit: “We take these allegations very
“Under no circumstances does this organization condone… violence or assault… We will have no further comment while that investigation takes place.”
While Canada has traditionally ranked quite well in sustainable development areas like quality of urban life and education compared with other wealthy nations, some areas, like greenhouse gas emissions, have presented more of a challenge.
But from gold mining that actually helps to restore the environment, to private companies providing electric vehicle charging stations for their employees, and government funding to provide cleaner energy to remote communities, some truly inspirational work is taking place. We take a look at just a few recent Canadian sustainable initiatives that are looking to move the needle further in the right direction!
infrastructure for remote communities
Many remote indigenous communities in Canada rely on diesel fuel as their main source of electricity. Now, thanks to an $11 million grant from the government, Hydro-Quebec will be working with 13 communities in northern Quebec to change that. The funds will go towards a smart-grid project, the implementation of more sources of renewable energy, and new battery storage systems. By 2030, the project hopes to reduce the communities’ use of diesel by 800,000 liters per year, and lower carbon emissions by 7,500 tons.
Apple and Tiffany & Co partner with RESOLVE to source sustainable Salmon Gold from Canada’s Yukon
While gold mining and environmental conservation have never quite gone hand in hand, a fascinating initiative by non-profit RESOLVE is giving companies the chance to obtain this precious metal while helping to restore the environment.
By combining sustainable re-mining with the restoration of
salmon spawning runs in Alaska, British Columbia and the Yukon, the idea is to
allow nature to reintroduce itself and for indigenous fish species like salmon
and grayling to return.
Jewelry giant Tiffany & Co, and Apple (which uses small
amounts of gold in some of their electrical components) have already jumped
onboard, and RESOLVE expects to source over 1,000 ounces of Salmon Gold this
year. Apple will also be making use of blockchain technology to track the gold
through their supply chain, all the way back to the source mine and refiner.
More durable roads through cellular confinement systems (geocells)
Many regions in Canada have vast areas of soft peat soil,
which makes the construction of roads -especially durable and long-lasting
roads- difficult. In addition, traditional construction techniques call for
large volumes of high-quality aggregate to be hauled in
for use as infill when local soil is unsuitable. This increases both the cost
and carbon footprint of the project.
Now, geocell road design in Canada is allowing the process of building new roads to become more sustainable both during and after construction. Through the use of these honeycomb-like geocell layers, lower quantities and qualities of infill (such as locally available sand, soil, or even recycled asphalt paving) can be used in the soil stabilization process – lowering cost, fuel use, pollution and the carbon footprint of the project while extending the road’s lifespan and reducing the need for future maintenance and repairs.
Bell Canada adds over 40 electric vehicle charging stations for employees
Sustainable initiatives aren’t just a way for large companies to play their part in the fight against climate change, they’re a good way to attract and retain top talent too. In an effort to support electric vehicle adoption and improve employee satisfaction, Bell Canada has installed 24 EV charging stations at their Nun’s Island, Montreal headquarters, as well as several others across their network of branches. And it’s worked – since installing the charging stations, the number of Bell employees driving electric vehicles has more than quadrupled.
The Great Canadian Shoreline Cleanup
In 1994, employees and volunteers at the Vancouver Aquarium
embarked on a beach cleanup in Stanley Park. The word has spread in a big way –
and since then, some 800,000 volunteers have collected a whopping 1.3 million
kilograms of trash in 21,300 cleanups from coastal and freshwater shorelines
across the country.
Now running in partnership with WWF Canada, tens of thousands of Canadians now participate, demonstrating the public’s eagerness to get on board with sustainability initiatives, get their hands dirty, and play their part in promoting awareness of the global plastic crisis. The Great Canadian Shoreline Cleanup is now recognized as one of the largest direct action conservation programs in Canada.
Farm Fresh Food Hub (FFFH) aims to create a more sustainable food system in Manitoba
The South Osborne Farmers’ Market, led by Farm Fresh Food Hub, returned for its fourth run earlier this year, providing a space for the community to engage with ecologically sustainable food producers and each other. Since 2016, the SOFM has grown from 8 vendors to over 40, offers several eco-friendly initiatives, and also hosts a bi-weekly speaker series, “Chew on this!” which explores important issues around food production, from better utilization of indigenous foods to food justice.
Whether you’re going into your freshman year of
college and trying to decide on a major, or are mid-career and looking to make
more money or qualify for a promotion, if you enjoy business, management, accounting,
marketing or finance there are several degree options available that can put
you in a position to embark on a business career that is both personally
satisfying and rewarding financially.
While many people might think that all business degrees are basically the same, the truth is that there are several different types of business degrees that each have their own specialization. Whether you’re looking to gain skills before starting a small business, or are interested in a career change within the financial industry, read below to find out about the basic types of business degrees and which business degree’s career path might be right for you.
Once you know which type of business career you are
interested in, make an appointment to talk to an advisor at your college or
university, either online or in person, to find out what their specific program
entails, how long the program will take, what its cost is, and whether you
might have transferrable credits from a past degree program.
Business Administration Degrees
A business administration degree is perhaps the most popular and most diversified of all business degrees. These degrees are available at the associates, bachelors and masters degree levels from just about any college or university. Many schools offer concentrations in specific areas of business administration, including health care administration, human resources, accounting, finance and information systems. Through classes that concentrate in certain areas, these degree programs can help students build the skills and business background knowledge they need to qualify for a variety of careers.
To begin a career as a certified public accountant,
as an accountant for a large firm or even to be able to successfully keep track
of your own accounting systems as a small business owner, a bachelors degree in
accounting is what you will need at a minimum. Once they are established in
their careers, many people who work as accountants choose to earn a masters in
accounting degree. A masters degree in accounting will allow you to advance
further in your career as an accountant and earn a higher salary.
A bachelors degree in finance will allow you to begin a career in banking, tax preparation, financial analysis, or even in a more specialized role. Interesting careers, like those of a commercial truck trader or college loan officer, are also possible with a finance degree. A masters of business administration (MBA) with a concentration in finance will help give you an edge over other job candidates, will make it possible for you to earn more money, and will help you qualify for high level management positions within the financial industry.
Like a business administration degree, a degree in
finance will help you qualify for a wide variety of jobs in both the for-profit
and nonprofit sectors. People with finance degrees are also in demand at
colleges and universities, in the health care sector, in government, and in the
field of professional sports.
If you are a creative person who is interested in a
career in the business world, a degree in marketing might be right for you. A
bachelors degree in marketing will allow you to begin a career developing,
promoting and selling products and services, either for a corporation or a
nonprofit, or for yourself as a business owner.
With a marketing degree, a career in just about any type of industry will be open to you, as marketing is a vital aspect of any successful business or nonprofit. A marketing degree can also help you get into the fields of sales, merchandising and product placement, advertising or public relations, all of which are good career options for creative people.
Some marketing degree programs at the masters level
concentrate on the psychological aspects of marketing, such as understanding the
reasons for specific consumer behavior patterns, how and why people make buying
decisions, and how people from different ethnic and cultural groups might make
purchasing decisions differently from one another.
Specialized degrees are now available in the fields of social media marketing and international marketing. The rise of the global economy has made having international marketing skills essential. And in recent years, social media platforms have become one of the most important marketing and advertising tools available.
Seventeen former and current Goldman Sachs
bankers have been charged in Malaysia over the corruption investigation at its
state development fund 1MDB.
Attorney General Tommy Thomas said custodial sentences and criminal fines
would be sought against those charged.
Goldman Sachs helped raise $6.5 billion through bond offerings for 1MDB.
The bank said it would “vigorously” defend the charges.
Tommy Thomas said in a statement: “Custodial
sentences and criminal fines will be sought against the accused.”
According to the statement, this was because of the “severity of the
scheme to defraud and fraudulent misappropriation of billions in bond proceeds,
the lengthy period over which the offences were planned and executed, the
number of Goldman Sachs subsidiaries, officers and employers involved and the
relative value of the fees and commissions paid to Goldman Sachs for their
multiple roles played in arranging, structuring, underwriting and selling the
If convicted, those charged could face prison sentences of up to 10 years
and fines of at least one million ringgit ($238,000).
In December 2018, Malaysia filed criminal charges against Goldman Sachs and
two former employees in connection with the corruption and money-laundering
investigation at the fund, which is being investigated in at least six
Among the other individuals named by Malaysia’s attorney general are Michael
Sherwood, a former co-head of Goldman’s European operations, and Michael Evans,
a former partner who is now president of Chinese e-commerce company Alibaba.
The charges related to what is being seen as one of the world’s biggest
US and Malaysian prosecutors have previously said that the money raised by
the state fund went to line the pockets of a few powerful individuals and to
buy luxury properties, a private jet, Van Gogh and Monet artworks – and to
finance a Hollywood blockbuster, The Wolf
of Wall Street, starring Leonardo DiCaprio, who has not been accused of any
These charges have been brought under the under a section of the Malaysian
Capital Markets and Services Act that holds certain senior executives
responsible for any offences that may have been committed.
The US is officially accusing China
of currency manipulation after the US Treasury announced a sharp fall in the
value of the Chinese yuan against the dollar.
The Chinese yuan drop caught markets
off-guard as Beijing usually supports the currency.
Last week, China pledged to
retaliate after President Donald Trump vowed to impose 10% tariffs on $300 billion
of Chinese imports.
On August 5, the yuan passed the
seven-per-dollar level for the first time since 2008, prompting President Trump
to accuse China on Twitter of manipulating its currency.
tweeted: “Based on the historic currency manipulation by China, it is now even
more obvious to everyone that Americans are not paying for the Tariffs – they
are being paid for compliments of China, and the U.S. is taking in tens of
Billions of Dollars! China has always….
“China dropped the
price of their currency to an almost a historic low. It’s called “currency
manipulation.” Are you listening Federal Reserve? This is a major violation
which will greatly weaken China over time!”
The US Treasury department defines
currency manipulation as when countries deliberately influence the exchange
rate between their currency and the US dollar to gain “unfair competitive
advantage in international trade”.
A weaker yuan makes Chinese exports more competitive, or cheaper to buy with
On August 5, the People’s Bank of China (PBOC) said the slump in the yuan
was driven by “unilateralism and trade protectionism measures and the
imposition of tariff increases on China”.
The US government said Treasury Secretary Steven Mnuchin will now engage
with the IMF “to eliminate the unfair competitive advantage created by
China’s latest actions”.
The move is largely symbolic because the US is already engaged in trade
discussions with China and has implemented tariffs on the country’s imports.
However, it fulfills a presidential campaign promise by President Trump who
pledged to name China a currency manipulator on his first day in office.
The decision rattled investors, with Wall Street’s main stock market indexes recording their worst trading day for 2019. Asia markets extended losses on August 6, with the Shanghai Composite down 1.3% in afternoon trading.
Car insurances give you the confidence and the much-needed protection when you are on the road. Depending on the age of the vehicle your needs might change, but no way does it negate the importance of auto insurance that you must have. For your own protection, as well as others around you, investing in a high-quality car insurance is imperative: insurance that would have your back when you would need it the most.
However, before you go looking
for an auto insurance, there are a few things you need to know first.
Car Insurance Rates Get Affected by Many Factors
You might not have known this, but there are plenty of factors that will come
to play a huge role in the car insurance deal you will finally get to sign on.
Some of them have been listed below for guidance:
Driving record: Your driving history, any previous violations or
accidents will be considered since they
put you at a higher risk
Age and gender: Men tend to have more accidents than women
Use of vehicle: People who have a higher annual mileage
automatically put their vehicles to more
Model of the car: This is what would determine the number of claims
you will make in future
Each Auto Insurance Company is Different
Auto insurance is an extremely
competitive business where you would hardly ever find two companies offering
the same insurance price. Each one in the business
adopts its own policy for risks
calculations and can come up with a value that might vary by hundreds of
dollars from the others in the market. This
is why you need to be very careful about what you really want and research before you dive in.
Not All Coverages Are Expensive
The liability coverage that you
are bound to buy by law is the most expensive one of all followed by collision
coverage. The others that offer great
coverage without damaging your accounts include roadside assistance, gap
coverage and comprehensive coverage which covers the car you have for acts
involving fire, theft, and vandalism.
Ask for Discounts
There are a lot of things that you can do to earn some discount on the insurance package you are buying. Installing anti-theft devices, keeping a low mileage along with a good driving record, taking up education courses to improve your driving are just some of them. Make sure you discuss the prospects with your company and work to prove yourself as a better risk candidate to avail such offers.
Read Before You Sign
Since an auto insurance is a
legal contract, you should always review and thoroughly read it to make sure
that all that was discussed verbally has
made it to the final document. In case of any doubts, do discuss it with your
dealer without any delay.
If you are looking for a reliable company that would provide you with the best insurance deal, then, click “here” and find the answer you are looking for. Not only do they provide exemplary customer support but they also offer the lowest prices in town. Head over to the website today for more information.
How happy are you with your annual holiday
allowance? We’d all enjoy a couple of extra days-off a year of course, but what
if there were no restrictions on the amount of holiday you could take?
Although originally a US creation, it’s an
initiative that has proved popular in the UK too. In fact, research by jobsite
Total Jobs showed a 10% increase year-on-year of companies adopting unlimited
holiday policies, and unsurprisingly it’s tech focused startups who are
championing this new way of flexible working.
From an employee perspective, not putting a
number on holiday allowance sounds like a sweet deal. But why are organisations
so keen to adopt this new approach to leave?
The industries which have adopted this new
approach to annual leave – digital, tech, design and media – often require
staff to work long hours to meet tight deadlines. Unlimited holiday is designed
to combat employee burnout by giving them more chance to recover, so that
they’ll be operating at full capacity when they return, benefiting both the
employee and the business.
attract the best talent
Unlimited holiday is also an attractive perk for potential candidates, particularly the younger ones. A recent survey by luxury travel providers eShores showed respondents considered holiday allowance as the second most important factor when job searching (after salary). Clearly then, having an unlimited holiday policy is worth shouting about if you want to attract the pick of the talent.
So, you’re allowed as many days off as you
like and the business benefits from
it? What’s not to love?
Well, a quick Google search of ‘unlimited
holiday’ shows it’s not without its problems. Many organisations have tried,
and failed, to implement an unlimited holiday policy, and reverted back to a
more traditional approach. Here’s why:
As you might expect, some people will take
liberties. Having an unlimited holiday policy requires employees not to take
‘unlimited’ too literally. A few days off here and there isn’t a problem, but jetting
off to Hawaii for a month and leaving your colleagues to pick up the slack,
won’t do much good for business productivity, or workplace
don’t take advantage
However, it’s far more likely employees won’t
take enough holiday. With no definitive
number of days to take, employees end up not valuing holiday in the same way. While
in the UK, employers are legally obliged to ensure that employees take their
minimum entitlement, the emphasis lies on the employee, rather than the
employer to define how much holiday they should have. This can lead to a
culture of anxiety and an environment where colleagues look to each other to
determine the amount of holiday they should book.
What’s more, the organisations who have
adopted unlimited holiday already tend to be those with the most demanding and
pressured workplaces. In these environments, employees can be made to feel
guilty or judged for taking time off, and so will be less likely to do so.
Adopting an unlimited holiday policy isn’t for everyone, and its success can largely hinge on a company’s culture and size. Bigger companies seem to have greater success – with more resources to put into making it work and employees feeling less exposed when taking time off. If you are thinking of giving unlimited holiday a go at your organisation, it’s important to make a clear annual leave policy to tell employees what you expect from them and to make sure that everyone can access this information easily, using an online HR system for example. And, if it doesn’t work out, there’s no harm in going back to more tried and tested methods of managing holiday.
motivational speaker, author and sales pundit with the absolute best name in quotable
history — Zig Ziglar — once said: “It’s not where you start or even what
happens to you along the way that’s important. What is important is that you
persevere and never give up on yourself”. And one of the most profound
applications of Mr. Ziglar’s advice has to do with building wealth.
Here’s the thing: the vast majority of wealthy people didn’t win the lottery. They cultivated shrewd wealth-building habits over time — and you can, too. Here are seven life hacks that you can adopt right now to increase the chances that you’ll become part of the 1% (or maybe even the 1% of the 1%, like Chinese mogul Li Jinyuan who took 6,400 of his employees on a vacation to France).
Build relationships with successful people. The law of proximity is powerful. Hang around four successful people, and you’ll be the fifth. Hang around four unsuccessful people who never learn from their mistakes and constantly blame others, and you’ll join their ranks sooner or later.
Spend your time wisely. This doesn’t mean that everything you do should be in the pursuit of wealth, because life is about balance. But it does mean that if you’re currently doing things that aren’t worthwhile on any level — emotionally, physically, psychologically, financially or spiritually — then stop doing them at your earliest possible opportunity, and start doing something more valuable and vital.
Always over-deliver and give more than you get. This may sound like spacey new-age rhetoric, but it’s something that all wealthy people understand and adopt.
Starting today — not tomorrow, not next week, not the start of next year, but today and ideally the moment you finish reading this article — figure out how you can start saving more money. If that’s not an option at the moment because you’re in debt, then figure out how you can speed up repayment.
Speaking of debt: it’s not a four-letter word that should fill you with dread. There is good debt and bad debt. Good debt is when you use someone else’s money to do something that you need (not just want) to do, like pay for your education to boost your long-term earning potential, or borrow against your home equity to pay for required foundation repair, etc. Bad debt is basically borrowing money to waste on something that might bring short-term pleasure, but causes long-term financial pain. Simply put, it’s a bad deal.
Continuously invest (both time and money) in your earning ability by, for example, learning a new skill or language. Look at this this way: you might save $500 a year by shrewdly shopping around for car and home insurance, which is great. But if you upgrade your skills and leverage your knowledge capital to get a promotion, you could make $10,000 more a year — which is amazing.
Make smart bets. Contrary to popular belief, wealthy people typically risk adverse and say “no” to far more deals and opportunities than they say “yes” to. However, when they do say yes, it is based on reliable information and not anecdotal assumptions.
The road to wealth has many paths — and plenty
of twists and turns. There is no magic wand or crystal ball. And yes, timing
and luck are a big part of the story. However, one thing is universally true:
wealthy people don’t happen by accident (if they do, then it’s not long before
they are back to where they started — if not often worse off). They’re
disciplined, focused, driven, and have very strong impulse control that keeps
them from making reckless and regrettable decisions. Use the life hacks above
to journey forward on your road to wealth. And when you get there, remember to
pay it forward.
Be honest here. Is your company guilty of using outdated
technology? If so, it could be hurting your business more than you care to
realize – or admit.
According to a recent survey from Microsoft, approximately 91%
of consumers said they would stop doing business with a company due to outdated
How do we classify outdated anyway? Computers and its operating
systems are technologies are some important factors that can impact customer
experience. The survey said that “61% of consumers think a small business is
outdated if it has a five-to ten-year-old operating system, while about 60%
said the same for a five-to ten-year-old desktop computer.”
It’s important to understand the life expectancies of different technologies to help gauge when it is on its last legs. There are, of course, some general guidelines you can use to know the lifespans of tech. Intel, for instance, says that four years is typically the max before PCs start wearing out.
Here are a couple of ways you can determine if your business technology
is in fact outdated and will start negatively impacting your business.
Computers taking forever to boot up or applications start so slowly?
Do websites take annoyingly long to load? Does using Internet-based software
feel like it’s got all the time in the world? If so, it’s the best time for an upgrade.
Slow speeds indicate a need new for hardware, software (or applications), a
better antivirus, a faster internet connection, or all of these.
Another obvious sign of outdated technology is the wasted money you use
to keep your tech running smoothly. You might not be paying a ton in repair or maintenance
bills, but your older technology might still be holding you back from speed
advantage and cost savings of newer technology. Modern technology is often more
efficient (especially cloud-based technologies like cloud phone systems,
therefore if you’re noticing that other businesses around you pay less, it might
be time to upgrade.
Security vulnerabilities are exposed when technology ages, which can
mean that the older technology you’re using is already exposing you to security
vulnerabilities. Newer versions of software, for instance, usually include
security patches that fix previous and current issues. Over time, security gaps
occur, and in time can make your outdated technology vulnerable the longer you
hold onto it.
Has it become normal for your point of sale (POS), phone system,
computers, or other systems crash regularly? Are you forced to reboot because
things “lock-up” or “freeze?” A potential culprit for downtime and crashes
could relate to outdated software, OS, or security issues, which point to
outdated technology. Regardless of the cause, downtime due to freezes or
crashes may be premonitions of worse problems so consider a technology update.
Falling behind competitors
Finally, if you’re beginning to lose business to your competitors because
of your outdated technology, it’s definitely the time for some upgrade. More
than 90% of people, according to Microsoft’s research, would consider
going elsewhere if they see that the small business is using outdated tech.
Shop visitors don’t visit as often
If you sell exclusively from your physical shop, then you’re losing a lot of leads and customers might prefer competitors with an online equivalent. This is especially true for merchants and service providers. It’s an e-commerce world and you need to be where your customers are – online. Get your business online by going to Crazy Domains and doing a domain name search to secure your very own unique domain name (identity).
Other steps will follow – hosting your domain, developing your
website, migrating everything to your virtual address – these things, while can
be long, will ensure that your business has a fighting chance in an
increasingly online world.
Most of these are common sense because outdated technology signals
customers that a business either isn’t serious enough to invest in improvements
or it doesn’t have the capability to do so. Whether you like it or not,
outdated technology can send the wrong message to potential customers, which is
why investing in up-to-date technology will benefit your business in the long
Before rushing into an investment, you should first set out a plan to
give you an idea of your next steps. To help you find success as an investor,
you should take a look at this guide, which offers you step by step advice for
creating an investment plan that works.
Before you even think about investing, you need to decide what you
want to achieve in the future. When making this decision, you need to be
realistic and consider what you can and can’t afford, while also considering
any roadblocks you have experienced in the past and what may happen in the
You should start by creating a money fact find, which will help you determine how much you can spend on an investment. To do this, you need to answer several financial-related questions, starting with stock analysis, which will help you establish your monthly budget, asset income, and any debts you owe. You can then move on to your goals and aspirations, where you will determine the stability of your income, your money objectives, and future plans. Lastly, you need to analyse yourself and your past experiences in relation to how good you are with money, your time management skills, as well as how much you’re willing to spend on an investment. All of this with offer you a mini guide which will allow you to make smart and savvy investments.
With any investment, you will face risk. Therefore, it is important to consider how you would cope with money loss and risk-related ventures. You also need to decide how much risk you’re willing to take. This usually depends on the age of the investor, as the younger you are the more risk you can afford to take.
If you have plenty of years left to invest, you should look into
property investment, which comes with some risk, although should offer you
massive returns. This includes both quick returns from rental income as well as
long-term capital appreciation, and can be put towards your general income or
used as savings to buy your dream house for retirement.
Make the right
Real estate is one of the most lucrative investments you can make,
especially if it is done right. When choosing a property, you need to make sure
you’re looking in areas where there are high rental demand and good yields. You
should also look for properties with sought-after facilities, such as parking
spaces, white goods, large kitchens and more.
To help you make the right investment, you need to work with experts,
who know everything there is to know about property investment. They also have several
properties and off-plan developments available in locations hotspots like
Manchester and Liverpool, which have some of the highest rental yields in the
UK. With their help, you can rest assured knowing you’ve invested in a property
that will provide you with generous returns.
While you may think your plan ends after you’ve invested, this is not
the case. Instead, you need to monitor your purchase, which is a lot easier if
you invest in property, as you can take a hands-on approach and perform all
landlord-related tasks. This will allow you to have full control of the
property and how well it’s doing, and you could even update the property to
ensure it reaches its full potential to increase returns.
If you do not have the time to monitor your property constantly, you
should hire a property manager or a company who will make sure that everything
is running smoothly and your property is tenanted. By outsourcing these tasks,
you will have more time to spend on enhancing your investment, and you could
even plan to invest in another property to expand your portfolio and increase
According to the national statistics
bureau, the figures pointed to a “complex environment” both at home
It said the country’s economy had
“performed within the reasonable range” in the first half of 2019 but
that it faced “new downward pressure”.
While China watchers advise caution
with Beijing’s official gross domestic product numbers, the data is seen as a
useful indicator of the country’s growth trajectory.
Other data showed some signs of
improvement in the world’s second largest economy.
Industrial production rose 6.3% in
June from a year earlier, while retail sales rose 9.8% year-on-year – both
above forecasts in Reuters polls.
Slowing growth in China has raised
concerns about the potential knock-on effect on the global economy.
Earlier this year China announced
plans to boost spending and cut billions of dollars in taxes in an effort to
support the economy.
It has also moved to provide a
liquidity boost by reducing the amount of cash banks must hold in reserve.
The US-led trade war is another
factor weighing on growth.
While the US and China agreed to resume trade talks at a recent G20 summit
in Japan, they have already placed tariffs on billions of dollars worth of one
another’s goods, hurting businesses and casting a shadow over the world
It is the second time Roger Federer, 37, has been involved in the longest
singles final at Wimbledon – and ended up losing too – after he was beaten by
Rafael Nadal in 2008.
Roger Federer has lost his past five meetings with Novak Djokovic in Grand
Slams, last beating the Serb at Wimbledon in 2012.
He still holds the all-time men’s Grand Slam record of 20 singles titles but
Novak Djokovic now has 16 with Rafael Nadal on 18.
Roger Federer, who during Wimbledon set two new landmarks in winning his 100th match at the championships and his 350th match at a Grand Slam, said holding the record was not what motivated him as a player.
Financial emergencies can hit anybody at any
time. Even if you know how to save money effectively and
have built up an emergency fund to assist you during a financial crisis, there
will be times in your life where you need a lot of money quickly to maintain
your quality of life.
There are many different types of financial emergencies that can drain your emergency fund and force you to look outward for additional money. With that said, some financial emergencies are more common than others.
Common Financial Emergencies:
Cost of living increases
Various Ways to Cover an Unexpected Financial Emergency
When a financial emergency hits, like the ones
listed above, it can create a heavy mark on your life. You will need quick
financial relief to handle this unforeseen situation, and luckily, there may be
several options you could take advantage of.
Using Your Existing Emergency Fund
If you have an emergency fund, you may be
tempted to deplete it when you need money to resolve a current predicament. But
this may not be the best option for your finances.
Emergency funds are set in place to cushion you from financial instability, but depending on your current situation, you may be better off looking for funds elsewhere. It’s recommended that you only use your emergency funds for those once-in-a-lifetime catastrophes.
But if you must, make sure you use no more
than 50% of whatever funds you have managed to save so far. This way you still
have an emergency fund for any other financial dilemmas in the future.
Acquiring Money from Friends or Family
There are many great perks to borrowing funds
from family and friends, however, just as many pitfalls.
This funding method may not be an option for
many, as the amount needed to cover the full cost of a financial emergency may
be too great. But if you’re able to acquire the money you need from a family
member or friend, then you could save on interest rates and pesky fees. Not to
mention, the repayment terms could be incredibly flexible. But there could be
many repercussions if the exchange is not handled with care.
If your financial situation doesn’t improve,
then you could risk the relationship you have with the individual you borrowed
money from. If the terms of the loan were not gone over in detail, the
miscommunication could cause a rift in the relationship between you and the
family member or friend.
Using a Quick Payday Loan
If you need a lot of monetary funds to cover
the total cost of the financial crisis you are facing, then you may have
thought about applying for a payday loan.
Payday loans are unsecure loans, meaning that
no collateral is needed to acquire the loan. This is great news, as you do not
have to risk a valuable asset like a sentimental piece of jewelry. But while
payday loans offer quick financial relief to those facing an emergency with a
deadline, they may not be the best option.
These quick relief loans come with many
setbacks, such as:
High interest rates
Short repayment terms (2 weeks)
The name is reflective of the repayment terms,
as repayment is typically expected by the borrowers upcoming payday. If you
don’t have the full loan amount plus fees by then, you risk incurring even more
fees and falling further into debt.
Applying for a Convenient Title Loan
Title loans are another borrowing option that
many people turn to. Just as popular as payday loans, with significantly better
Title loans, unlike payday loans, are secure
loans. Unfortunately, this means that collateral will be required—in the form
of a car. To obtain a title loan, the borrower uses the car as collateral by
giving the title to the lender for the duration of the loan.
This downside may not be so grim though, as
many lenders allow the borrower to keep driving their car while making
payments. And since the loan is secure, the lender may offer better terms.
Title loans could offer borrowers the
Longer loan terms (up to a few
Flexible eligibility requirements
Quick approval and funding
Competitive interest rates
Title loans are a great funding option for those facing a financial emergency due to their ease and convenience. Credit is typically not the main qualifying factor with title loans, making them easier to acquire than most other types of loans.
Consider the many funding options available to
you, including using your emergency fund, payday loans, and title loans.
Consider how much you need and how long you would need to repay any money you
borrow. Financial emergencies can pop up out of the blue, but you don’t have to
be left adrift.
President Donald Trump and his Chinese
counterpart, President Xi Jinping, have agreed to resume trade talks, easing a
long row that has contributed to a global economic slowdown.
The US and China reached agreement at the G20 summit in Osaka, Japan.
President Trump also said he would allow US companies to continue to sell to
the Chinese tech giant Huawei, in a move seen as a significant concession.
He had threatened additional trade sanctions on China.
However, after the meeting on the sidelines of the main G20 summit in Japan,
President Trump confirmed that the US would not be adding tariffs on $300 billion
worth of Chinese imports.
He also said he would continue to negotiate with China “for the time
At a subsequent press conference, President Trump declared
that US technology companies could again sell to China’s Huawei – effectively
reversing a ban imposed last month by the US commerce department.
The US and China have been fighting a damaging trade war over the past year.
Donald Trump accused China of stealing intellectual property and forcing US
companies to share trade secrets in order to do business in China, which in
turn said US demands for business reform were unreasonable.
The feud escalated in the months leading up to the G20 summit, after talks
between the two countries collapsed in May.
The truce signals a pause in hostilities rather than a resolution of the
dispute, which has caused market turbulence and hit global growth.
President Trump said his meeting with President Xi was “excellent, as good as it was going to be,” adding: “We discussed a lot of things and we’re right back on track and we’ll see what happens.”
China’s state news agency Xinhua quoted President Xi as saying: “China and the US have highly
integrated interests and extensive co-operation areas and they should not fall
into so-called traps of conflict and confrontation.”
Washington has publicly said Huawei’s
technology poses a national security risk, although President Trump has also
linked the issue to the trade dispute.
Last month, the US banned Huawei
from buying US goods without a license – including from Google, which is
crucial to many of its products. The ban could cost the firm $30 billion in
revenue this year.
President Trump’s decision to allow US companies to continue to sell to
Huawei “where there’s no great national security problem” could be a
substantial concession, although exactly how this will play out remains
He said the Huawei situation would be dealt with “at the very end”
of trade talks.
The next summit is due to be held in
Saudi Arabia in November 2020.
Crown Prince Mohammed bin Salman has
continued to face questions in Japan over the murder in Istanbul last year of
Saudi journalist Jamal Khashoggi and the matter is likely to rumble on.
The UK and Turkey are among the countries still pressing the issue, although President Trump says “no-one blames” the Saudi crown prince.
Auto liability insurance is neither the most expensive nor the shortest lived thing on a used car. Still, it is sold, rather expensive. No matter if in the car dealership or in the free car market. The car trade lives from it, and that is probably no secret about it.
Check the car market using VIN codes
Vehicle Identification Number helps find
information about the car’s place of manufacture. And that’s where we start.
Moreover, in the car trade, there are many
online services that provide data on the internals of the car. It is also
advisable to look under the hood. Check how the windscreen wipers work. Check
if the power windows are not replaced. Check if the front passenger door does
not have the stickers you should find on the driver’s door. The next thing
worth checking is the insurance.
Which type of insurance should you take?
Here is what you should know when selecting the
type of insurance, such as:
Liability (damage you
inflict on others)
The partial coverage in
case of, well, partial damage. It may be a broken glass, theft and the likes. A
deductible up to 2,500 USD is possible.
Insurance broker or online check?
There are classic insurance brokers who come home when you buy your new old car and help you fill out the application forms. Almost all major insurance companies, by the way, operate a network of full-time and part-time brokers. These guys are familiar with the topic of CheapAutoInsurance. They are also experts in all things “insurance” their bosses have to offer.
Direct insurers can offer cheaper car rates than
established companies because of a lean administrative system. You can use the
financial advantage for yourself. Auto insurance comparison can help you find a
cheap insurance policy with the right range of benefits.
Here is the information you should have at hand:
Type of your vehicle
Damage-free discounts in
liability and comprehensive insurance. Those who remain accident-free get
higher discounts every year
Type of insurance,
liability, partial or full insurance
If you buy a used car, you have the option to
take over the car insurance from the previous owner. The contract would be
written anew, in your name, and the contribution is recalculated according to your
personal conditions (for example, your current non-breach class). Still, the
majority used car buyers do not make use of this option, but immediately
conclude new car insurance with a provider of their choice.
Full insurance and partial coverage in comparison
These two are different. Direct insurers can
offer cheaper car rates than established companies because of a lean
administrative system. You can use the financial advantage for yourself. Auto
insurance comparison can help you find a cheap insurance policy with the right
range of benefits.
The insurance benefits vary at the motor
insurers. In liability insurance, the companies are unanimous. It is different
in the case of comprehensive insurance. Inform yourself in time about the
current additional options, which are currently included in your car insurance.
Do you really need all the additional modules? Calculate your contribution to
the motor insurance premium best with and without additional options. If you
choose workshop binding instead, you will not be able to have your vehicle
repaired at any garage without any problem, but the annual fee for your car
premium will be considerably lower.
There will come the point in almost everyone’s life in
which they’ll ask the question, “Do I need a loan?”
No matter the
reason behind the loan, there are other questions you want to ask yourself
before you get one. These questions help you decide if the loan is the best option, or if there are other
avenues to explore first.
Before taking out a loan, ask yourself the following five questions.
What is the Purpose of the Loan?
should have a reason as to why you’re taking out a loan. If it’s simply to have more money in your bank account,
that likely isn’t the best reason.
If you have a
goal in mind and that loan will help you achieve it, then borrowing some money
may be what you need.
The goal you have in mind will also help you decide on what type of loan to get. Maybe you’re working on starting a business, in which a business loan would be something to look at. Alternatively, you could require a small cash boost for an unforeseen expense such as car repairs in which payday loans could be an option providing you’ll be able to meet the repayments.
How Much Do I Really
to know exactly how much you need.
Take some time
to get as close of an estimate as possible before going for your loan. You want to find a balance between
taking out the minimum amount, and also having enough to pay what you need.
What Will My Monthly Payments Look Like?
One of the
biggest questions to ask yourself is what your monthly payments will look like,
and if you can afford them. Your answer to this one will ultimately determine
if you should go forward with the loan or not.
You can use
online loan calculators to give you a general idea of your payments. Add that
into your monthly budget to see if you’ll have enough money to pay it off.
What Are the Interest Rates?
play a critical role in getting a loan. Each month, a percentage of interest
rates gets added to your monthly payments. It’s easy to forget about those rates
which make a loan more expensive than initially planned.
longer you take to pay back the loan, the more you pay in interest fees. Factor
in the interest rates to see if you can afford to pay more than the minimum
Do I Qualify for the Loan?
Do you meet all
the requirements for the loan? Depending on the
type of loan you’re applying for, there may be strict qualifications you
have to keep in mind.
score factors into almost any loan you get. Too low of a credit score and
you’ll likely be denied the loan. Other
factors include if you have other debt and what your monthly income looks like.
questions will help you decide if a loan is the best option for you, and which
type of loan you should get. Speak with your potential lender about these
questions. You wouldn’t want to take out a loan
to only fall into debt.
The way you deal with the sourcing and management of inventory
within your company can have a direct impact on your profitability. When you
aren’t doing this correctly – it can stop your business operating as it should
and in effect lose you money. We discuss further in this article.
Look at Inventory Cost
The cost of purchasing and producing inventory plays a large part in what your gross profit will be. Gross profit is the net sales minus your cost of goods. When there are less costs involved when it comes to purchasing inventory – this means the cost of goods sold will decrease. When there is a bigger gross profit, this can in turn translate to higher profit in general. Regularly check in and negotiate with suppliers to see if there are any savings that can be made anywhere.
There are lots of different methods that can be used for inventory accounting. The most commonly used are First In, First Out, and Last In, First Out. If there are lots of different pricing fluctuations when it comes to inventory costs – this can then directly affect the costs of goods sold.
Level of Inventory
If you overstock – then you are creating storage expense, and potentially labour costs that aren’t necessary. You are also taking up valuable space. On the other hand – if you don’t have enough inventory, then you could suffer from a decrease in revenue and profitability. That’s why it’s important to make sure you get the balance right when it comes to your stock levels. Make sure if you have limited cash flow – that you don’t tie up your money in inventory that isn’t required at that stage.
The turnover of inventory will have a significant effect on how
profitable your company is. If you continue to stock items that are no longer
selling, will slow down your revenue stream. If you have an accurate idea of
which items are the most popular and selling the most – then this will ensure
that you continue to get a high number of sales. You need to take the demand
levels into careful consideration before you purchase any more stock.
How to Manage Effectively
There are great software’s out there that will help you to manage this effectively. For example, SysAid’s IT inventory management software will allow you to track what stock you have, give you a good idea of how fast products are going. This will allow you to take appropriate action so you can have the correct stock levels and increase your profit overall. It will also allow you to allocate the correct resource levels – so you can manage their time more effectively.
The key takeaway from this article is to understand that asset
inventory and management can have a direct effect on the profitability of your
business, and to take necessary measures to ensure this is regularly monitored
and there are processes in place.
The Hong Kong dollar is a unique currency for lots of
reasons. That’s why traders need to be doubly careful when they decide to take
part in the popular USD/HKD Forex market. Hong Kong’s dollar is heavily traded
but also completely regulated, unlike most other major world currencies. Many
new traders avoid the USD/HKD pair and prefer to stick to more familiar
currencies that behave in more traditional ways.
After several months of Forex experience, traders often
gravitate to the USD/HKD pair and investigate it further. Like so many other
currency pairs, it helps to be diligent and leave emotions out of the equation.
For those who finally make the decision to trade this intriguing pair, it’s
necessary to follow some of the tried-and-true Forex guidelines even more
Use Simple Strategies
New traders often feel the need to jump in and employ dozens of complex strategies with the hope that complexity leads to profit. On the contrary, many of the most successful traders use simple strategies when trading Forex, stocks, ETFs or bonds. Especially for traders who have less than one year of experience, it’s smartest to work with just one or two strategies that you know rather than six you barely understand. As you can see here, a professional platform makes a big difference because its automated features can free traders from having to worry about detailed strategies. For USD/HKD enthusiasts, a simple trading method is all that’s needed.
Study the Market and Specialize
Perhaps more than any other frequently-traded currency, the
HKD calls for a good deal of research before any trades are made. It’s even
more helpful for traders to specialize in the USD/HKD pair. That’s one way of
developing a decent amount of expertise and depth in a pair that has as many
unique characteristics as this one.
Never Break Your Trading Rules
Sticking to your personal trading rules is always a good idea, but when it comes to the USD/HKD pair, it’s almost a necessity. So many traders become frustrated after putting time and effort into a trade that ends up showing no profit. It happens to the best of them but is a tough pill to swallow sometimes. One common reason for losing trades is lack of discipline. A trader who has a rule about stopping losses can easily get caught up in the mindset that “things will get better soon,” and end up losing more on a given trade than personal rules would have allowed. Letting emotion get the best of you is not the path to success in trading the USD/HKD pair.
Understand the Uniqueness of the Hong Kong Economy
Hong Kong’s economy is unique in the developed world because
its political structure is still in a state of flux. For a hundred years, Hong
Kong was governed by the U.K. and enjoyed a free-market environment like no
other place on earth. After political control reverted to China, the Communist
regime of that country has pretty much allowed Hong Kong to itself but
institutional traders worry about the future of the currency. For this reason
and many others, traders need to spend extra time researching any USD/HKD trade
before jumping into a position.
The International Monetary Fund head
said such companies “will use their enormous customer bases and deep
pockets to offer financial products based on big data and artificial
“This presents a unique systemic
challenge to financial stability and efficiency,” she added.
Christine Lagarde cited China as a most recent example.
She said: “Over the last five
years, technology growth in China has been extremely successful and allowed
millions of new entrants to benefit from access to financial products and the
creation of high-quality jobs.
“But it has also led to two firms controlling more than 90% of the mobile payments market.”
While it is often confused with a life settlement, a viatical settlement actually has some notable differentiating factors regarding how it works and the circumstances of eligibility. A life settlement is when a policyholder sells their life insurance policy for a cash payout. This is typically done when the insured no longer needs the policy, can no longer keep up with the premiums, or if they would simply rather have a smaller payout sooner to cover their financial needs. Viatical settlements, on the other hand, are less common and pursued specifically by those with serious illnesses and short life expectancies. The policy holder sells their life insurance policy to a third-party buyer, usually at a significantly discounted rate, in exchange for an immediate payout. This is usually done because the seller needs financial assistance dealing with their illness.
Viatical settlements have existed along with life settlements since the 1911 Supreme Court ruling in Grigsby v. Russell where it was decided that life insurance policies are personal property that may be lawfully sold to third parties. They didn’t become prominent, however, until the AIDS epidemic of the 80s where young people were suddenly facing the possibility of dying from the disease in just a few years. By selling their life insurance policies, many were able to afford medical treatments that could extend, and in some cases even save, their lives.
A seller needs to meet three basic criteria in order to
qualify for a viatical settlement. First, they must have a terminal illness
with a life expectancy in the timeframe of two to four years. Second, the
policy needs to have been in effect for at least two years. Finally, the policy
must come to a value of $100,000 or more.
All life insurance policies are acceptable, whether
they’re term or permanent policies. There are still a variety of factors,
however, that can affect the payout of a viatical settlement. Such factors may
include the seller’s illness and its stage, individual policies of companies
and brokers involved, the death benefit of the policy, and any other factors
Why pursue a viatical settlement?
One of the most common reasons to pursue a viatical
settlement is because the seller simply can’t afford their insurance premiums
any longer. The settlement frees them from this financial burden and also
provides a payout for the seller to pursue medical care or other needs. This is
a particularly good choice if the seller no longer has anyone relying on the
death benefit of their policy.
A viatical settlement can also be a good choice when a term policy is nearly expired. Instead of letting it run out, it may be possible to convert to a whole policy and sell it. It’s also worth looking into selling a policy if it’s about to lapse. Most companies offer a grace period before the policy lapses from non-payment, and even a small payout is better than just wasting the policy.
There are two main advantages to a viatical settlement
over other options for those inclined. A viatical settlement will almost always
provide a larger payout than other forms of financial assistance. Viatical
settlements also have a specific advantage over life settlements in that they
are tax free. They can often be the best option for a seller to improve their
quality of life during the time they have left. If one decides to pursue this
option, it’s often as easy as a brief application and a payout within days, if
a buyer is found.