Economic Insider

Real Estate Strategies for Long Term Wealth Building

Economic Insider Staff Economic Insider Staff on May 30, 2023

Image commercially licensed from: Unsplash

Houston, TX, 05/10/2023 – Real estate investing can be an excellent strategy for long-term wealth building. Here are some top real estate investment strategies that can help you achieve this goal, from Houston’s largest private commercial real estate owner, Ali Choudhri, CEO of Jetall Capital.

We have all seen those flip, re-model, California dreaming, and lotto-winning house shows. But reality is quite different from what they display as everyday life.  Real estate is a difficult business, full of REAL work and HARD knocks, and yes people get rich…but they also lose their shirts if they are not careful.

So, I have been in this business for two decades, and I know what it takes to develop your own success in real estate. As much as we are told this in lots of advertisements online – Grant Cardone is not going to make you successful, nor is Manny Khoshbin, or The Sharks from Shark Tank.  Only YOU can make yourself successful.  And to do that, you must learn the basic principles of wealth development in real estate.

* Buy and Hold: This strategy involves purchasing properties with the intention of holding onto them for an extended period. Over time, the property value tends to appreciate, and you can generate rental income, while paying down any liens. This approach allows you to build equity, benefit from tax advantages, and potentially enjoy passive income.

* Rental Properties: Investing in rental properties involves buying residential or commercial properties and renting them out to tenants. The rental income can provide a steady cash flow, and as the property appreciates, you can (slowly) build wealth. Proper property management and selecting desirable locations are essential for success with this strategy, but this strategy is tried and true.

* Fix and Flip: Apparently every TV producer’s favorite. This strategy involves purchasing distressed properties, renovating or improving them, and selling them for a profit. Successful fix and flip investors have a keen eye for undervalued properties, understand renovation costs, and can accurately estimate the property’s after-repair value (ARV). It requires knowledge of the local market, construction, and real estate trends. I should specifically state, this is not just a residential game. There is an entire industry of fix and flip on the commercial side: retail, office space, storage, and more. 

* Real Estate Investment Trusts (REITs): REITs are companies that own, operate, or finance income-generating real estate. They allow investors to purchase shares in the company, providing exposure to a diversified real estate portfolio. REITs are a hands-off approach to real estate investing (for the passive investor) and can provide regular income through dividends. 

* Real Estate Syndication: Syndication involves pooling funds from multiple investors to acquire larger properties or projects that would be challenging to invest in individually. This strategy allows you to invest in properties with higher potential returns while sharing the risks and responsibilities with other investors. It requires thorough due diligence and working with experienced syndicators.

* Vacation Rentals: Investing in vacation rental properties in popular tourist destinations can provide a combination of rental income and personal use. Platforms like Airbnb and VRBO have made it easier to market and manage vacation rentals. However, local regulations, seasonality, and property management should be considered when pursuing this strategy.

* Commercial Real Estate: Investing in commercial properties such as office buildings, retail spaces, or industrial properties can provide higher rental income and potential appreciation. It often requires more substantial capital, knowledge of market dynamics, and leasing agreements. However, it can offer long-term stability and attractive returns, particularly if one wants to invest in the troubled asset marketplace.

* Real Estate Development: This strategy involves purchasing land, obtaining necessary permits, and developing the property for sale or lease. Real estate development can be capital-intensive, time-consuming, and involve higher risks. It requires in-depth market research, construction knowledge, and understanding of zoning and regulations.

Remember, each strategy has its own risks and rewards, and it’s important to thoroughly research and analyze potential investments, seek professional advice when needed, and consider your personal goals and risk tolerance before making any real estate investment decisions.

“Property ownership sustains long-term value to you and your shareholders or family.  Understanding the cash flow potential of a commercial investment property is vital for you if seeking to make informed decisions and achieve long-term success in your portfolio.” – Ali Choudhri, CEO at Jetall Capital. 

Investing in commercial properties offers numerous opportunities for wealth creation, but it also carries substantial risks. By employing diligent research and analysis, prospective investors can mitigate these risks and identify properties with strong cash flow potential and high likelihood of long-term value appreciation.

About Jetall Capital

Top Real Estate Strategies for Long Term Wealth Building

Sourced photo

Jetall Capital is a family-owned real estate investment and management firm, which through its principals, commenced operations in 1961 in London, England. Lead by Mr. Ali Choudhri, Jetall Capital is a family-owned real estate investment and management firm, which is now the largest private owner of commercial office space in Houston’s Galleria submarket – managing over 1 million square feet of high-value property throughout Houston, Austin, and Dallas.

 

 

Contact:
Jetall Capital
Aiden Porter
mediaops@jetallcompanies.com
713-789-7654

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Securing The Future: The Crucial Role Of Data Protection In Business During And After Data Migration

Economic Insider Staff Economic Insider Staff on May 23, 2023

Image commercially licensed from: Unsplash

 

Data migration involves transferring data between storage systems, formats, or applications, usually during major organizational changes like infrastructure upgrades or new software implementations. The process includes identifying, extracting, transforming, and loading data into the new system while maintaining data integrity and minimizing downtime. It is essential for companies as it allows them to leverage better technology, boost performance, and optimize operations. When done correctly, data migration ensures that crucial information stays available, precise, and secure, promoting informed decision-making, regulatory compliance, and business continuity.

However, attempting to migrate data often leaves companies vulnerable to cyber-attacks. In 2022, there were 1,802 data breaches in the United States, affecting over 422 million individuals. During the third quarter of the same year, about 15 million data records were exposed worldwide, marking a 37% increase compared to the previous quarter. The United States experienced the most data breaches of any country in 2021, with 212.4 million users affected, an increase from the 174.4 million affected in 2020. Statistics also point out that the average time to identify a data breach worldwide is 197 days, costing $3.92 million on average. This shows that data migration seems straightforward at first, but the stakes are too high to execute it carelessly.

Vulnerabilities during data migration

During the process, unprotected data can lead to a host of problems for businesses, potentially jeopardizing their operations and causing long-term damage. When not adequately protected, data becomes susceptible to unauthorized access, theft, or tampering by cybercriminals, which can have dire consequences for a company. The damages can be so severe that legal penalties may happen due to non-compliance with data protection regulations.

In addition, unprotected data during migration can lead to data corruption or loss, resulting in incomplete or unusable information in the new system. This can significantly disrupt business operations, as employees may be unable to access critical data or make informed decisions based on accurate information. In extreme cases, data loss can even force a company to revert to its previous system, negating the benefits of migration and causing additional costs and delays.

Vulnerabilities after data migration

In the post-migration phase, companies may encounter misconfigurations, inadequate security controls, or insufficient monitoring, which can expose their data to potential cyberattacks. Staff members may also inadvertently create security gaps through a lack of familiarity with new procedures or protocols. These vulnerabilities can lead to unauthorized access, data leaks, and potential legal or financial consequences. It is equally crucial for companies to pay close attention to securing their data infrastructure immediately after migration to mitigate the risk of breaches and protect their valuable information assets.

RyanTech perfects data migration

RyanTech has honed the data migration process to ensure seamless transitions and secure post-migration environments for its clients. A crucial aspect of their onboarding process is a comprehensive 25-point security audit that evaluates the essential protocols every company should have in place. RyanTech assesses these protocols and recommends tailored deployment strategies for each, subject to client approval. They also offer advanced security audits within Microsoft tenants upon customer request. Their meticulous approach to data migration and post-migration security aims to bolster data protection and effectively prevent data breaches, demonstrating their commitment to providing the highest level of service and ensuring their clients’ peace of mind.

Growing dangers to data

The rapid evolution of technology has provided cybercriminals with increasingly sophisticated tools to commit cybercrimes. As attackers become more adept at exploiting vulnerabilities and circumventing security measures, businesses must remain vigilant in protecting their sensitive data. Considering the average data breach cost, the investment in partnering with a reliable and experienced service provider like RyanTech is a wise decision. The potential savings far outweigh the initial costs associated with engaging their services, as the company can avoid the financial and reputational damages that often accompany data breaches. 

While the focus on data protection during and after migration is imperative, it’s equally important to cultivate a culture of security awareness amongst employees, as they are often the first line of defense against cyber threats. RyanTech understands this and extends their services beyond technical audits, offering training and guidance to help staff understand their role in maintaining secure data environments, thereby enhancing the overall security posture of their clients’ organizations.

First Republic Bank Failure: Is US Banking on the Edge?

Economic Insider Staff Economic Insider Staff on May 22, 2023

JPMorgan Chase acquired most of the assets of First Republic Bank, which the federal government took over after it became the second-largest bank failure in US history. The collapse follows that of Silicon Valley Bank and Signature Bank earlier this year.

These banks suffered from many depositors leaving for larger institutions over concerns about their ability to cover potential losses from rising interest rates. This could be a sign of a slow unfolding banking crisis, and there is a possibility that more banks could shut down.

The failures of Silicon Valley Bank, Signature Bank, and First Republic Bank will significantly impact the financial services industry, which is a crucial part of the $26.5 trillion US economy.

Critical Weeks Ahead

This week is important for Wall Street, with upcoming decisions on interest rates, Apple’s earnings report, and a jobs report expected to show a slowdown in hiring. Despite this, stocks rose slightly on Monday morning, suggesting that the banking crisis that started in March may be subsiding.

Traders predict that the Federal Reserve will increase interest rates by a quarter percentage point at this week’s meeting following the First Republic Bank failure resolution. However, the former director of the National Economic Council, Cohn, warns that the broader impact of the Fed’s rate-hiking cycle will continue to be felt.

This will mark the fastest tightening cycle since the early 1980s, potentially leading to unintended consequences on banks, balance sheets, and the commercial real estate market.

Cohn monitors consumer spending, which makes up 68% of economic activity, as tighter credit conditions could weigh on spending due to elevated inflation and interest rates. Many experts predict that stricter credit conditions are on the horizon, which could harm spending.

What Exactly Happened to First Republic Bank?

First Republic Bank has been in a precarious financial position for several months, relying on two significant bailouts to keep it afloat. Despite hopes of a stock rally, the bank’s total deposits fell 41% to $104.5 billion in the first quarter, far below the projected $136.7 billion. 

The shutdown led to a sharp decline in stock prices, which closed at $3.51 on Friday, down approximately 97% for the year.

Are More Banks in Danger?

The question on everyone’s mind is whether the failure of First Republic Bank indicates a broader systemic risk. While it is unlikely that there will be another banking crisis on the scale of 2008, there is a real possibility of further failures among mid-sized banks with similar vulnerabilities.

Goldstein believes that more banks are exposed to this fragility and that more failures could occur. Although things have been stable for a while, there is still a risk of a full-blown systemic event. Regulators have acted to prevent First Republic’s failure from causing runs on other banks, and its business was relatively self-contained. 

However, many other mid-sized banks have suffered significant unrealized losses due to the Fed’s interest rate hikes, which could threaten their solvency. These financial issues could lead to solvency-threatening runs at other banks if the public recognizes these losses.

Pressuring the Federal Government 

The banking system is still under stress, which will likely force the government to maintain its current monetary policy despite high inflation. The slow growth of gross domestic product in the first quarter, which was lower than expected, suggests that a slowdown or recession is on the horizon.

Markets expect the Fed to cut interest rates by at least half a percentage point before the end of the year to combat a possible contraction. Policymakers will be paying attention to wage numbers and their impact on inflation, so a soft payrolls report with lower wages could be seen as positive by a market looking for a less aggressive Fed.

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Serhii Kukunin: “Success usually comes to those who are too busy to be looking for it” (Henry David Thoreau, philosopher)

Economic Insider Staff Economic Insider Staff on May 18, 2023

In recent years, there has been dynamic growth in high technologies. The development of software has become increasingly important, as it is extremely necessary for communication between users and stakeholders in every sector of society. The impact of software is particularly noticeable in the healthcare industry, especially in medical insurance.

Many specialists are involved in the process of software development, but developers play a key role in writing programs. Additionally, they oversee the entire life cycle of software development. Serhii Kukunin, an expert-level software developer with 15 years of experience and the leader of large-scale international IT projects, knows firsthand about all the difficulties of this profession. He is currently working on one of these projects.

The text is about EasyHealth Inc., a leading startup in its field, which is a digital platform for distributing medical services based on technology. EasyHealth aims to achieve better health outcomes through medical expertise. One of the main services provided by EasyHealth is to support users in finding Medicare Advantage plans covered by private insurers and other Medicare supplements.

Under the technical leadership of Serhii Kukunin, EasyHealth has become one of the fastest-growing partners in the medical insurance industry. The start-up’s growth was also greatly facilitated by raising $135 million in equity and debt financing at the end of 2021. This has led to successful contracting with major health plans and provider groups including United Healthcare, Bright Healthcare and Alignment Health.

Our hero started his career with the company as an independent contractor in Ukraine. Despite the distance, Serhii did everything in his power to get the project off the ground. After 10 months of working with EasyHealth, he moved to the United States and officially became the company’s second technical employee.

Applying his technical expertise and knowledge, the Ukrainian programming genius developed all the main aspects from scratch, including defining the infrastructure, implementing the “Infrastructure as Code” solution, and monitoring the system using alarm signals. This played an important role in improving constructive solutions to meet business needs and transitioning the startup from a medical insurance agency to service provider for other agencies working in this direction.

Thanks to the high productivity and efficiency of the work process of Mr. Kukunin Ukrainian developer EasyHealth, the company began to expand. And when in May 2022 the company launched the AgenX project, Serhii readily agreed to take on the leadership of the new direction. As an integral member of the project team, he single-handedly led the roadmap. Within the first two weeks, he built the Proof of Concept based on his contribution to the first project, and then continued development, improving the quality processes of language, framework, logging and monitoring system, as well as the release process.

Working at the company for the third year, Serhii Kukunin not only continues to demonstrate exceptional professional abilities, but also skillfully applies his leadership qualities. When new tasks arose during the project implementation and the need to expand the team of programmers emerged, he not only recruited new team members himself, but also adjusted the process to support them. Serhii implemented methods that allow for flexibility in requirements without compromising quality, while maintaining stability and scalability in the production environment.

The position of the head of the technical group in the AgenX department has become another step up in his career. Today, he collaborates directly with the Chief Operating Officer and Co-Founder of the company, Aaron Schiff, overseeing all stages of product development – from participating in business discussions and priority meetings to providing feedback and recommendations that could improve the product.

EasyHealth Inc. became the third company on Serhii Kukunin’s impressive resume, following Matic Insurance Services and Spotlight Media Labs, where his extraordinary abilities and professionalism were one of the main reasons for their success. EasyHealth Inc. has no doubt reached its current level of technological innovation and reputation largely due to the technical competence and significant creative contribution in the early stages of the startup by a unique software developer and programming master from Ukraine, Serhii Kukunin, who made a name for himself.

 

Copy Fox: Revolutionizing Real Estate Digital Marketing with Exclusive Leads and Social Media Services

Economic Insider Staff Economic Insider Staff on May 17, 2023

Copy Fox, a leading real estate digital marketing agency, is making waves in the industry with its unique approach to generating exclusive leads and providing top-notch social media services. Founded by the visionary entrepreneur Jessica Zeitz, Copy Fox has quickly become a trusted partner for real estate agents, landlords, building owners, and property developers seeking to amplify their online presence and drive tangible results. 

Driven by her passion for real estate, design, and writing, Jessica Zeitz built Copy Fox from the ground up, leveraging her expertise and digital nomad lifestyle to create a thriving 6-figure agency. After teaching English in Thailand and experiencing the freedom of working remotely, Jessica recognized the immense potential of online opportunities. This realization fueled her determination to assist others worldwide and led to the birth of Copy Fox. 

At Copy Fox, the team understands the challenges faced by real estate professionals in an ever-evolving digital landscape. That’s why they offer a comprehensive suite of services that go beyond conventional lead generation. Unlike their competitors, Copy Fox is proud to be the only company in North America that combines exclusive leads with social media services at an affordable price point. 

“Our mission is to empower real estate agents with the tools and strategies they need to excel in their businesses,” says Jessica Zeitz, founder of Copy Fox. “We believe that passion and expertise are the keys to success. By seamlessly integrating lead generation and social media management, we help our clients build trust, engage their target audiences, and ultimately increase their sales.” 

One of the key features that sets Copy Fox apart is their exclusive and meticulously vetted leads. Through a strategic partnership with Top Leads VA, Copy Fox guarantees a minimum of four blazing hot leads per month, ensuring that clients have a competitive edge without having to fight over sales. These leads are double scrubbed and agent-exclusive, creating an environment where real estate professionals can focus on closing deals with confidence. 

In addition to lead generation, Copy Fox’s social media services play a vital role in elevating the online presence of their clients. With expertise across Instagram, Facebook, and LinkedIn, Copy Fox helps real estate agents harness the power of these platforms to engage their target audience, build trust, and ultimately drive more sales. Their track record speaks for itself, with Jessica Zeitz successfully growing Instagram accounts to over 10,000 real, targeted followers and increasing engagement by a staggering 40%. 

“Our commitment to excellence is unwavering,” adds Jessica Zeitz. “We take pride in being responsive and integral partners, ensuring that our clients receive top-quality work delivered on time. We prioritize open communication, understanding that our success is intrinsically linked to the success of our clients.” 

Whether you’re a realtor looking to gain more listings, a landlord seeking high-quality tenants, or a property developer aiming to attract buyers for pre-construction properties, Copy Fox has the expertise and experience to meet your digital marketing needs. Their packages cater to various budgets, making professional assistance accessible to real estate professionals at every stage of their career. 

To learn more about Copy Fox and how their innovative approach can transform your real estate business, visit their website at www.copyfox.co. For a chance to skyrocket your business and gain a competitive edge, explore their high-tier packages starting at $2500 per month. Don’t miss the opportunity to stand out in a crowded market—book a call with Copy Fox today at https://bit.ly/417tU8F. 

Why Venture Capital Firms are Fighting Over Equity in RocketPlan, an Industry Disrupting Software Company

Economic Insider Staff Economic Insider Staff on May 17, 2023

Image commercially licensed from: Unsplash

 

RocketPlan, the brainchild of award-winning entrepreneur Joe Tolzmann, has quickly emerged as a game-changer in the property restoration management software industry. With its innovative approach and impressive track record, it’s no wonder venture capital firms are vying for a piece of the equity in this groundbreaking company.

At its core, RocketPlan is a software solution designed to streamline and optimize the property restoration process. It leverages modern technologies to revolutionize how restoration projects are managed. By streamlining repetitive tasks, providing real-time insights, and facilitating seamless collaboration, RocketPlan empowers restoration professionals to work smarter and more efficiently than ever before.

One of the key reasons venture capital firms are clamoring for a stake in RocketPlan is its potential for massive disruption in the property restoration industry. Traditionally, this sector has been plagued by inefficiencies, manual processes, and a lack of transparency. With RocketPlan, Tolzmann has found a way to address these pain points head-on, offering a transformative solution that promises to revolutionize the industry.

The software’s built-in capabilities significantly reduce the time and effort required for project management. By improving the efficiency of tasks like estimating, scheduling, and documentation, RocketPlan enables restoration professionals to focus on more value-added activities, resulting in faster turnaround times, improved customer satisfaction, and increased profitability. This disruptive approach has caught the attention of venture capital firms seeking high-potential investments in recession-proof verticals.

RocketPlan’s potential to drastically transform the property restoration software landscape is another compelling factor that has venture capitalists eager to be a part of its journey. The software has revolutionized the operations of clients that have already adopted the emerging technology. By leveraging the feedback from existing clients, RocketPlan has propelled itself to new heights through consistent software improvements and new functionalities. This unrelenting approach not only has grown the company to where it is now, but also shows its untapped potential for growth, making RocketPlan an attractive proposition for investors.

Joe Tolzmann’s entrepreneurial track record is yet another reason venture capital firms are lining up to secure equity in RocketPlan. As an award-winning entrepreneur, Tolzmann has a proven track record to identify market gaps and develop innovative solutions that resonate with customers. His deep understanding of the property restoration industry and his commitment to excellence have instilled confidence in investors, who recognize his potential to scale RocketPlan into a dominant player in the market.

Furthermore, RocketPlan’s strong growth trajectory is hard to ignore. Since its inception, the company has experienced exponential growth and gained significant market traction. Its success is evident in the expanding client base, glowing testimonials from satisfied customers, and the widespread recognition it has received within the industry. Venture capital firms recognize that by investing in RocketPlan, they not only gain access to a disruptive software solution but also position themselves for substantial returns as the company continues its upward trajectory.

RocketPlan’s industry-disrupting software, spearheaded by the visionary leadership of Joe Tolzmann, has attracted the attention of venture capital firms for several compelling reasons. From its potential to revolutionize the property restoration industry to its unrelenting appetite for product improvement, and Tolzmann’s proven entrepreneurial track record, RocketPlan offers an enticing investment opportunity. As venture capital firms fight over equity in RocketPlan, it is clear that this innovative software company is poised to reshape an industry and deliver substantial returns for its investors.

Entrepreneur Nick Wood Is Creating Passive Income Millionaires Online, Here’s How He Does It

Economic Insider Staff Economic Insider Staff on May 17, 2023

LAS VEGAS, NV — Nick Wood, digital entrepreneur and passive income expert, has emerged as a dominant force in the realm of rank and rent digital real estate. Through his thriving online course community, Digital Landlords–which Wood still operates as CEO and Founder0–has empowered hundreds of students worldwide to create opportunities for what his students are calling “life-changing passive income.” Wood has surely felt the ups and downs of financial freedom, from overcoming $60,000 in debt in his early 20’s to building a multi-7 figure business in less than a year, Nick Wood’s journey exemplifies the transformative power of perseverance and a commitment to living life on one’s own terms. 

Born and raised in a family that worked tirelessly on their generational alfalfa farm, Wood’s formative years instilled in him an unparalleled work ethic. Inspired by his father’s oft-repeated adage of “Make hay while the sun shines,” at 19 years old Wood embarked on a two-year humanitarian effort in the jungles of West Africa. His efforts in the years following, building and investing his time and resources particularly in Freetown, Sierra Leone, caught the attention of BBC News. The profile featuring Nick–known affectionately to his African following as “Krio Borbor”–earned him further recognition for his fluency in the local Sierra Leonean Creole (or Krio) language and his efforts to showcase the vibrant culture of the region through his online platform. 

Wood’s business career began upon returning to the U.S.A., as he embarked on a diverse career path, beginning as a door-to-door salesman enduring the scorching heat of the Southern United States. Despite facing entrepreneurial setbacks including failed tech ventures that plunged him into $60,000 in debt, Wood continued building. Fueled by his indomitable spirit forged on the farm, he meticulously built a digital real estate empire that is already generating multiple 7-figure in revenue. Upon achieving financial freedom, Wood resolved to share his tried-and-true strategies with others online who yearn to break free from the confines of “the rat race”, as Wood calls it. And thus, Wood’s multi-million dollar masterpiece was born: Digital Landlords. 

Digital Landlords is a thriving online course community that has swiftly gained traction on the internet, attracting nearly 500 students of varying ages and backgrounds from across the globe. Through his comprehensive curriculum, Wood equips his “Landlords” with the instruction and guidebook necessary to create potentially life-changing passive income. His methodology revolves around building simple, conversion-focused websites for niche services in small market cities and subsequently renting the generated leads to local businesses on a monthly basis for profit. By simply following Wood’s exact techniques, many Digital Landlords students have achieved continual monthly earnings ranging from $10,000 a month up to to $45,000 a month in passive income, all from their phone and laptop. 

Nick Wood’s mission to help other digital entrepreneurs break out of the rat race and achieve their own financial freedom has further established him as passive income expert in the online education space. Digital Landlords has gained steam among users online due to its results-driven approach. Nick Wood’s curriculum covers essential aspects such as selecting the right niche and market, building compelling websites, implementing paid ads, optimizing lead generation, and leveraging profits to expand one’s digital real estate portfolio. 

Wood shares that one of the largest appeals of the Digital Landlords community is that it is accessible to individuals with any level of technical or sales experience. Whether you’re a seasoned entrepreneur or a complete beginner, Wood says his course eliminates barriers and empowers individuals to pursue financial freedom from anywhere in the world, students are only required to “have with a Wi-Fi connection and a whole lot of hustle.” 

To learn more about Nick Wood and the incredible success stories launching from his online course community, visit www.digitallandlords.com. You can contact Nick directly at  www.iamnickwood.com. Connect with Nick Wood on Instagram at @iamnickwood, TikTok at @digitaldrugdealing, and join his Facebook community, “The Art of Preselling,” at www.facebook.com/groups/theartofpreselling. 

 

Addressing the Talent Shortage: Double Yolk Enters the Philippines

Economic Insider Staff Economic Insider Staff on May 15, 2023

The Philippines is a key source of workforce talent and home to a thriving offshoring industry that contributes significantly to the country’s economy, generating $25 billion annually. Despite the pandemic, the IT-BPO sector in the Philippines has continued to grow, making $29.49 billion in sales in 2021, a 10% increase from the previous year. As a result, more and more companies, such as Double Yolk, are expanding their workforce resources by establishing a presence in the Philippines. 

Nevertheless, the talent and skill shortages continue to pose significant obstacles for the IT-BPO industry in 2022. While the pandemic has worsened this issue, it can be mitigated by utilizing a combination of technology and human oversight to optimize the workforce and leverage the available talent pool. Businesses can overcome talent shortages and ensure continued growth and success by taking these measures.

Local talent teams for recruitment and business success

Double Yolk, a go-to offshore development team from New Zealand and Australia, has built proprietary software for over 100 businesses. It also has a team of full-time talent staff in New Zealand, Australia, India, and the Philippines responsible for identifying, screening, recruiting, and retaining exceptional talent for the company and its clients. The local teams have developed a rigorous six-stage selection process to ensure Double Yolk clients are referred to top-tier professionals.

One of the benefits of having a local team lead the talent screening is their knowledge and understanding of the local job market, including cultural, social, and economic factors. This expertise enables them to identify suitable candidates with the necessary skills, experience, and cultural fit to meet the client’s needs. Local teams also have access to a broader talent pool, including passive job seekers. They can help streamline recruitment while providing valuable insights into the local job market and industry trends.

Streamlining resource allocation and enhancing access to top-tier talent

Double Yolk’s business model is unique in its ability to quickly scale resources up or down based on project demands. The agency has implemented notice periods and resource redeployment as projects near completion to ensure they can always meet their clients’ needs. 

In addition, the company maintains an Approved Talent List (ATL) of approximately 120 pre-vetted and tested professionals. The ATL benefits clients because it allows them to easily access top-tier talent without the lengthy recruitment and onboarding process. They can trust that the individuals on the ATL have a proven track record of success and are high-quality professionals.

Practical resource and workload management

Double Yolk understands that effective resource and workload management are crucial to the success of any offshore team. To achieve this, the company follows vital principles of motivation, transparency, and momentum. Double Yolk has implemented several initiatives to meet clients’ expectations and criteria for success. 

These initiatives include Technical and Leadership Coaching, which equips team members with the skills and knowledge necessary to excel in their roles. The company also uses Daily Forms to maintain transparency and enable efficient communication between team members and management. Furthermore, an Issue Escalation Framework is in place to promptly address any issues or concerns, ensuring that projects remain on track and deadlines are met.

In addition, Double Yolk utilizes project management tools and software to streamline workflows, track progress, and manage resources effectively. These tools enable real-time collaboration, task assignment, and progress monitoring, facilitating smoother project execution and reducing the chances of miscommunication or delays.

Furthermore, the company also promotes a positive work culture by fostering a supportive and collaborative environment. Regular team meetings and feedback sessions allow for open communication and the exchange of ideas, ensuring that everyone is aligned and motivated to achieve common goals. Double Yolk recognizes the importance of recognizing and rewarding outstanding performance, which boosts employee morale and encourages continued excellence.

By prioritizing practical resource and workload management, Double Yolk ensures that its offshore teams are well-equipped, motivated, and supported to deliver high-quality results for their clients.

A leading source of workforce talent

The entry of Double Yolk into the Philippines underscores the country’s position as a leading source of workforce talent and a hub for the thriving offshoring industry. Despite the talent shortage challenges faced by the BPO and SSC industries, the proactive use of technology and human oversight provides an effective solution for companies to optimize their workforce and achieve growth. With Double Yolk’s presence in the Philippines, the company is well-positioned to tap into the country’s diverse talent pool and strengthen its workforce resources, contributing to its continued success in the offshore development industry.

Ira Gumberg on Why Corporate Philanthropy is Gaining Traction

Economic Insider Staff Economic Insider Staff on May 15, 2023

Image commercially licensed from: Unsplash

 

In recent years, corporate philanthropy has been gaining traction in the business world. Companies are increasingly recognizing the benefits of engaging in philanthropic activity, embracing their position for the betterment of the communities they serve. 

This concept is one with which Ira Gumberg is very familiar; as the chairman and CEO of JJ Gumberg Co. and the director of Gumberg Global, he regularly uses his connections and professional standing for philanthropic good. Gumberg is involved in several charitable endeavors with a particular focus on higher education. In founding the Ira J. Gumberg Family Foundation, Gumberg has facilitated charitable donations to leading institutions like Georgetown University, Princeton University, Harvard University, Brown University and the University of Pittsburgh.

Here, Gumberg traces the elements currently driving corporate philanthropy in 2023 and beyond. 

The Rise of Social Responsibility

A primary component of modern corporate philanthropy is a growing macro focus on business-related social responsibility. As society becomes more conscious of issues like climate change, income inequality, and social justice, more consumers are choosing to support companies that align with such values. A 2022 article by the Economist underscores this rapidly growing shift, noting: “Large corporations are finding it difficult to remain neutral on political and social issues. They are feeling investor pressure from above, employee pressure from within and consumer pressure from all around to be more public in the way they express and defend their values.”

By engaging in philanthropic causes, companies can demonstrate their commitment to making a positive impact on society, which can help expand and advance conversations surrounding today’s most pressing issues. At the same time, employees are also placing more value on companies with strong philanthropic programs, which, in turn, can help companies attract and retain talent, boost employee engagement and morale, and ultimately foster an internal culture that is more conducive to positive external impact.  

Building New Relationships

Corporate philanthropy also flourishes as more businesses see it as an opportunity to forge healthy, fruitful community relationships. When pursued effectively and ethically, philanthropic programs can help companies build lasting connections between community members, employees, and local leaders alike – leading to stronger, more informed, and more transparent philanthropic work based on multiple effective vantage points.  

In addition, some companies are gravitating towards venture philanthropy, where companies use their resources and expertise to help non-profits and social enterprises build capacity and scale their impact. This approach allows companies to leverage their business insight and resources to make a more meaningful impression while also building relationships with non-profit partners that can help them achieve their social and business goals.

Ensuring Future Success

Broadly speaking, corporate philanthropy’s future, like its past, is contingent upon proper perspective; it is important to remember that such endeavors are not just about companies writing checks to charities. Effective philanthropy requires a thoughtful, strategic approach that aligns with a company’s core values and business objectives. Moving forward, philanthropy-driven companies will need to continue investing in social consciousness, sustainable business infrastructure, and community outreach to properly leverage their position for positive change. 

April 2023 Job Cut News: Company Updates & Statements

Economic Insider Staff Economic Insider Staff on May 8, 2023

The year 2023 has been a tumultuous one for the global economy, with the COVID-19 pandemic still wreaking havoc on businesses and industries around the world. As a result, many companies have had to take drastic measures to stay afloat, including laying off employees. In this article, we will explore the latest on which companies have announced job cuts in April 2023.

Amazon

Amazon, the world’s largest online retailer, has announced that it will be laying off 9,000 workers in addition to the cuts made last year. The company has cited a decrease in demand for its services as the reason for the layoffs. The workers affected are mainly delivery drivers and logistics staff, and the layoffs are expected to take place over the next few months.

BuzzFeed

The big media company has announced that they will be removing about 180 employees, which is about 15% of their workforce. This follows after the decision to shut down their news division, BuzzFeed News which could no longer be funded as a standalone.

Shopify

In e-commerce, Shopify has announced that they will be reducing their workforce by 20%. This follows after the 10% reduction that happened in July 2022. By removing 20%, about 2000 employees at Shopify stand to lose their jobs. In addition to this, Shopify has sold their logistics to Flexport for 13% equity.

Lyft

Following the layoff of 700 people last November, the transportation company is now eyeing to remove 1000 more people—equivalent to a quarter of their overall workforce. Fortunately, their drivers do not have to worry as they are not included in this supposed layoff.

Best Buy

Retail workers at Best Buy are affected by major layoffs. From 125,000 workers in early 2020, there are now only about roughly 90,000 workers left across the US and Canada. These cuts were made as a result of the company prioritizing their e-commerce operations and sales over brick-and-mortar stores.

Indeed

CEO Chris Hyams releases an unfortunate statement, announcing the news to the employees of Indeed last March 2023. In the statement, it was declared that about 2,200 of their workers would be laid off and details the compensation and benefits for those affected. This decision was made in light of the slowing job market, which is an impact of the pandemic.

Apple

Despite receiving endless praise due to their firm stance of preventing job cuts, Apple has finally given in to the trend, removing a small portion of their retail workers. Fortunately, for Apple employees, the layoffs were kept to a very small and minimal number.

Twitter

Following the controversial layoffs that happened at the company last fall, which reduced their workforce by more than 50%, more job cuts are anticipated to follow. Although the expected job cuts are only at 200, a much smaller number than before, many are still surprised at the continuing cuts of this social media giant.

Conclusion

The COVID-19 pandemic continues to have a significant impact on businesses and industries around the world, with many companies having to take drastic measures to stay afloat. The latest job cuts announced by Amazon, Best Buy, Apple, and all those mentioned above are just a few examples of the difficult decisions that companies are having to make. As the pandemic continues, it is likely that we will see more companies announcing job cuts in the coming months.

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Aligning Data and Models: Lessons Learned from Alexa’s Ineffective Implementation in the Age of Generative AI

Economic Insider Staff Economic Insider Staff on May 4, 2023

Back in the day, every company was vying for Alexa’s attention. Numerous businesses launched Alexa’s “Skills” all at once, from major pizza franchises to top ride-sharing startups. The voice assistant generated a lot of attention thanks to this marketing campaign, but none of the brands that invested time and money in it saw any substantial returns.

Consider our actual usage of the device. Most people probably don’t often ask these virtual assistants to “Alexa, book me a spa session.” As an alternative, humans all tended to stick to straightforward requests like “Alexa, what time is it?” and “Alexa, set a timer for 10 minutes.” Unfortunately, a lot of the companies that attempted to capitalize on Amazon’s voice assistant found that their products were “a huge number of glorified clock radios.”

According to Rob LoCascio, generative AI and large language models (LLMs) have surpassed rules-based assistants like Alexa and Siri, and are expected to revolutionize how marketers interact with their target audiences. Many believe that generative AI will have a significant impact on business, comparable to the invention of the PC. This opinion was recently shared by the Rob on CNBC. To avoid investing time and resources in fruitless endeavors like Alexa, it is also essential to consider the lessons learned from past AI models’ ineffective implementations.

IF MODELS AND DATA ARE NOT ALIGNED, WHAT HAPPENS?

The data model and the data set are the two most crucial components of AI applications. Results are produced using a model and data collection (such as OpenAI’s LLM). A lot of attention is being paid to models right now as a result of high-profile debuts like ChatGPT. However, companies and customers will never achieve their desired results without the proper fusion of models and data sets. 

The quality of generative AI’s outputs or results depends on how well the model underlying them and the data feeding them match. Let’s imagine you work for a healthcare organization and want to offer personalized COVID safety recommendations ahead of the cold and flu season based on the city or state of your consumers. Let’s also assume that you’ve chosen the best model and are confident in its ability to produce words in the appropriate tone of voice, without prejudice toward any particular set of individuals, and even integrate with your backend systems to remind customers to make appointments or assist them in doing so. 

However, you use discussions from the public internet to create the COVID information you send your consumers. If your intention was to produce reliable, practical healthcare advice, you’ve already failed because there is much too much inaccurate material and noise online concerning COVID. The data set may not have matched the model you chose to communicate with your audience. 

Similar to Alexa’s Skills, none of the brands that attempted to employ them ever found success because Amazon was Amazon and only Amazon. The main goal has always been to increase your Amazon purchases rather than to promote other platforms’ businesses. The Amazon use cases remained the model’s primary focus. The objectives that restaurant and transportation brands (and their end users) sought to accomplish with Alexa were never intended to be achieved. 

“Too Late” for Retirement Planning? Not According to Delta Financial Group

Economic Insider Staff Economic Insider Staff on May 3, 2023

Image commercially licensed from: Unsplash

 

Retirement can seem like a distant dream for many Australians, but when the reality of retirement draws near, some are left unprepared. Mike Sikar of Delta Financial Group says it’s never too late to start planning for retirement, especially with rising costs of living, inflation, and economic uncertainty in 2023. 

Whether someone is in their 40s, 50s, or even 60s, it is important to start thinking about their life after they finish working and to begin creating a plan for their ideal retirement lifestyle. 

While the average Australian retirement age is 55.4 years old, there is no compulsory retirement age in Australia, and many people choose to work well into their 60s and beyond. 

According to research by the National Seniors website, ongoing goal setting and planning for retirement can contribute to well-being before and during retirement, no matter what someone’s age. Even for those who feel like they are behind in their retirement planning, there are always ways to catch up, such as making extra contributions to super. 

Taking advantage of retirement programs

Delta Financial Group is an Australian financial advisory firm that specialises in providing retirement planning and investment services to baby boomers. The firm’s website lists retirement planning as one of its primary services and offers various strategies to help clients retire earlier than they otherwise could. 

Delta Financial Group recommends structuring superannuation effectively, managing investments proactively, and getting expert financial planning advice with a personal touch. The firm also provides cash-flow management services to help clients manage their finances better and make adjustments regularly to get ahead sooner. 

Additionally, Delta Financial Group recommends seeking advice from a financial adviser to recommend a portfolio that best fits a client’s income, capital, and longevity needs. Overall, Delta Financial Group’s approach to retirement planning emphasises creating an income for life and maximising superannuation savings while still maintaining a comfortable lifestyle.

A financial advisor can keep the plan on track

For those who have already started planning for retirement, a financial advisor can offer ongoing support and ensure they stay on track with their retirement plans. Regular monitoring can help identify any potential changes or roadblocks and provide opportunities to make adjustments, ensuring that clients are still gearing toward their goals. Financial advisors can also provide valuable insights into market trends and financial products, keeping clients informed and updated with the latest information.

The best investment for retirement

According to Sikar, retirement does not have to be a source of fear or frustration. Instead, with the help of a financial advisor, it can be a time of joy and fulfillment. A financial advisor can help retirees make the most of their hard-earned savings by structuring their retirement income to suit their lifestyles and expenses. They can also help retirees manage the impact of inflation and taxes on their retirement income. In conclusion, Sikar believes that working with a financial advisor is one of the best investments individuals can make for retirement.

It’s almost never too late

The ideal scenario is still planning for retirement as early as possible, but Sikar said that even for people in their 50s, it’s never too late. People can still do a lot in 10 years or even 5 years, but the later a person prepares for retirement, the more that expert help is needed. Delta Financial Group specialises in retirement planning for Australians in this specific age group.

Planning for retirement is a prudent financial decision that lays the groundwork for a stable and secure future. Taking the time to develop a comprehensive retirement plan enables individuals to ensure they have the necessary resources to maintain their desired lifestyle during their golden years. Retirement planning allows individuals to delve into various investment options, diversify their financial portfolios, and make informed decisions about superannuation and pension options—all crucial elements for long-term financial security.

Alongside its financial benefits, retirement planning offers the invaluable gift of peace of mind. Equipped with a well-thought-out plan, individuals can confidently embark on their retirement journey, knowing they possess the financial support needed to cover their needs and wants. This sense of security empowers retirees to concentrate on what matters most to them, whether it’s spending time with loved ones, pursuing hobbies, or engaging in meaningful activities. Ultimately, retirement planning facilitates a worry-free and fulfilling retirement, free from the weight of financial stress.

Pioneering a Sustainable Future: Ayad Chammas Venture Capitalist Spearhead Clean Energy and Construction Innovation.

Economic Insider Staff Economic Insider Staff on May 2, 2023

Image commercially licensed from Unsplash

Throughout his career, Ayad has collaborated with various founding teams of international startups in renewable & clean energy and cleantech, amassing exceptional experience in technology and in the construction ecosystem. As a rapidly growing authority in energy, renewables, and fossil fuels, Ayad advises companies on technology strategies and invests in innovative renewable energy fields, such as electric vehicles, photovoltaic systems, autonomous vehicles, and artificial intelligence.

A common misconception is that decarbonization is solely the construction industry’s responsibility. However, Ayad emphasizes that decarbonization requires collaborative efforts from various stakeholders, including governments, policymakers, developers, contractors, architects, engineers, suppliers, and building occupants. As a result, significant progress can be made towards a more sustainable future with exemplary commitment and current technology.

Ayad’s expertise extends beyond the realms of construction and clean energy. As a seasoned business leader, co-founder, and investor with over 25 years of experience managing large oil and gas and telecom projects, he is a proven expert in venture capital, fund management, and supply chain management. In addition, Ayad’s global operations management and digital transformation skills enable him to deliver results and drive organizational success.

With a track record of driving business growth and setting up sustainable business models, Ayad Chammas is committed to leveraging his experience to build successful businesses and positively impact the world. He continues to champion the development of renewable energy projects and the adoption of cutting-edge construction technology, inspiring others to join the collective pursuit of a greener and more sustainable future.

Eco Tattoo London Vying For Title Of Top Tattoo Shop In London

Economic Insider Staff Economic Insider Staff on May 1, 2023

Image commercially licensed from: Unsplash

 

London is a cultural hub and home to many great artists. Over the years, the city has produced some of the most revolutionary artists in the world. Now, many artists are transitioning to body modification and tattoos because they allow people to express themselves. Londoners and tourists will find that the city is overflowing with tattoo parlors with each vying for the title of the best tattoo shop in London.

Eco Tattoo London aims to take the crown by providing consumers with the highest-quality tattoos and following the strictest quality control standards. What could help propel Eco Tattoo to the top of the list and make it the best tattoo parlor London has to offer?

About Eco Tattoo London

Eco Tattoo London is a Camden tattoo shop offering tattooing and piercing services. Artists at the tattoo studio specialize in providing customers with the highest quality services. Staff at the parlor attempt to cater to the unique needs of the customer by offering a variety of tattoo designs. Furthermore, the artists are capable of pulling off numerous designs and styles to ensure that the customer walks away with a beautiful tattoo and a smile on their face.

Eco Tattoo is located on Royal College Street in Camden so it is easily accessible to those passing through the area. The artist works closely with customers to ensure that they get the perfect design to match their unique desires.

A One-On-One Experience

Eco Tattoo London aims to set itself apart by providing clients with a personal one-on-one experience. The staff understands that many clients aren’t exactly sure what they want when they step foot inside the tattoo studio. Therefore, they may need assistance in designing and picking the perfect tattoo for their shoulder, back, or chest. The experts at Eco Tattoo are eager to work closely with each client to help them get the perfect tattoo.

The studio offers various styles of tattoos, including blackwork tattoos, dot work tattoos, realistic tattoos, Japanese tattoos, lettering tattoos, and more. When a client chooses Eco Tattoo, their options will be endless because the studio’s artists have no limitations.

Promises To The Client

Eco Tattoo makes many promises to its clients to ensure that it can be the top tattoo shop in the city. In particular, the artists working in the studio will do everything possible to bring the client’s idea to life. They’ll work closely with the client while providing them with advice, but they will never attempt to dramatically alter the client’s original idea. The experts at Eco Tattoo understand that tattooing is only one step of the process.

They know how important good customer service is to the overall experience. Therefore, they work diligently to ensure that the experience is memorable for each client. The highest standards are maintained to guarantee the client’s safety throughout the experience. All equipment is thoroughly cleaned and sterilized before the tattooing session begins.

A London Tattoo Shop For Everyone

Lin Feng and the team at Eco Tattoo London want to make sure that every customer is taken care of. To achieve this goal, the tattoo parlor offers an array of services, including tattooing and piercing. The artists at Eco Tattoo are experts in these fields so the client can rest assured knowing the experience will be safe and painless.

Tattoos are for life so Lin Feng and the team take each client’s request very seriously. Various piercing services are also available so the customer can express themselves to the fullest. Eco Tattoo serves many areas, including Camden, Primrose Hill, Islington, Somers Town, Lisson Grove, and other nearby areas.

The team does whatever is necessary to make the customer happy and remain at the top of the London tattoo industry.

About Eco Tattoo London

Eco Tattoo London was established a decade ago by the aspiring tattooist, Ling Feng. The Royal College of Art London alum chose Camden as the location. Camden is known for its high-level entertainment, dining, and shopping venues. Feng would be the first of her kind to bring Chinese artwork to the Greater London region.

Within the first year of operation, Feng and her team serviced dozens of locals and tourists. The Eco Tattoo London tattooists made sure every customer was fully satisfied with their experience and custom tattoo.

Eco Tattoo London
186 Royal College St
Camden
London
NW1 9NN
United Kingdom
07399 442272
ecotattoouk@hotmail.com
www.ecotattoolondon.co.uk

The Ultimate Guide to Investment Property Mortgage Loans and Rates

Economic Insider Staff Economic Insider Staff on April 20, 2023

Image commercially licensed from: Unsplash

 

If you’re thinking about investing in real estate, or you’re fairly new to the process, then understanding investment property mortgage loans and rates is essential. This guide will help you to make the best decisions based on your situation, beginning with the types of loans available. 

Rates for investment property mortgage loans can be either fixed or adjustable, depending on the lender and the borrower’s preference. Fixed-rate mortgages offer the same interest rate for the entire duration of the loan, which can range from 5 to 30 years. This stability can provide more certainty to borrowers, making it easier to budget for their monthly mortgage payments, depending on whether the loan is personal or commercial.

On the other hand, adjustable-rate mortgages have interest rates that are subject to change over time, based on fluctuations in a benchmark index. This means that borrowers can start off with lower interest rates in the beginning, but the rates can increase later on, which can lead to higher monthly mortgage payments. Adjustable-rate mortgages are typically offered with initial fixed-rate terms that range from 3 to 10 years, after which the rate becomes adjustable.

The terms for investment property mortgage loans generally vary depending on the lender, the borrower’s financial profile, and the property’s location and value. However, some typical terms/lengths for investment property mortgage loans include:

  • Loan amounts: Investment property mortgage loans usually have higher loan amounts compared to traditional home mortgages, ranging from $100,000 to $500,000 or more.
  • Down payments: Most investment property mortgage loans require a higher down payment than traditional home mortgages, which can range from 15% to 25% or more.
  • Loan-to-value ratio (LTV): Lenders generally require a lower LTV for investment property mortgage loans compared to traditional home mortgages, with ratios of around 70% to 80%, which means that borrowers will need to put down a higher percentage of the home value as a down payment.
  • Higher interest rates: As noted earlier, interest rates on investment property mortgage loans are typically higher than those for traditional home mortgages, with rates averaging around 4% to 6% or more.
  • Longer processing times: Investment property mortgage loans can take longer to process compared to traditional home mortgages, with an average processing time of around 60 to 90 days.

There are several types of loans that can be used to finance investment properties, each with its own set of pros and cons. Here are some of the most common types of loans:

  1. Conventional mortgages: Conventional mortgages are home loans that are not offered or guaranteed by the government. They are typically preferred by borrowers with good credit scores and a strong financial profile. Pros of conventional mortgages include competitive interest rates, flexible terms, and the ability to customize the loan structure. Cons include stricter qualification requirements, higher down payments, and limits on the number of investment properties a borrower can own.
  2. FHA loans: FHA loans are government-backed mortgages that are popular among first-time homebuyers and those with lower credit scores. They require a lower down payment than conventional mortgages and have more lenient credit score requirements. Pros of FHA loans include more accessible credit requirements, lower down payments, and competitive interest rates. Cons include mortgage insurance premiums which significantly increase the cost of the loan over time.
  3. VA loans: VA loans are for U.S. veterans, active-duty service members, and eligible surviving spouses. They offer competitive interest rates, no down payment, and no mortgage insurance requirement. Pros of VA loans include no down payment requirement, lower credit score thresholds, and low closing costs. Cons include eligibility requirements, limited availability, and some restrictions around the location of the property.
  4. Portfolio loans: Portfolio loans are a type of loan that is held by the lender rather than sold on the secondary market. This can give lenders more flexibility in the loan’s terms and qualifications, including property types that are not eligible for conventional financing. Pros of portfolio loans include flexibility in the loan terms and qualifications, the ability to finance multiple properties, and no mortgage insurance requirement. Cons include higher interest rates, larger down payments, and stricter qualification requirements.
  5. Hard money loans: Hard money loans are a type of loan that is based on collateral rather than the borrower’s creditworthiness. They are generally offered by private lenders and are meant to be short-term loans that are repaid within a few months to a few years. Pros of hard money loans include faster funding, more relaxed qualifications, and the ability to finance properties that are not eligible for conventional financing. Cons include higher interest rates, larger down payments, and the risk of losing the collateral if the borrower defaults on the loan.

When deciding between a fixed-rate and adjustable-rate mortgage for an investment property, there are several pros and cons to consider:

Fixed-Rate Mortgage

Pros:

  • Stability: Fixed-rate mortgages offer stability as the interest rate does not change over the life of the loan. This makes budgeting and planning for mortgage payments easier, as borrowers know exactly what their payment will be.
  • Predictability: Borrowers know exactly what they will pay for the life of the loan.
  • Protection: Because the interest rate does not change over the life of the loan, fixed-rate mortgages offer protection against rising interest rates.

Cons:

  • Higher Rates: Fixed-rate mortgages generally have higher interest rates than adjustable-rate mortgages, making them more expensive over the life of the loan.
  • Limited Flexibility: Fixed-rate mortgages don’t provide flexibility to adjust with market changes.
  • Refinancing: If interest rates drop after purchasing, it’s more difficult for borrowers to take advantage of them without refinancing.

Adjustable-Rate Mortgage

Pros:

  • Lower Rates: Adjustable-rate mortgages generally have lower interest rates than fixed-rate mortgages, making them more cost-effective in the short term.
  • Flexibility: Adjustable-rate mortgages offer flexibility as monthly payments can increase or decrease over the life of the loan.
  • Potential Cost Savings: If interest rates drop, borrowers will have the opportunity to save money on their monthly payment.

Cons:

  • Risk: If interest rates rise, monthly mortgage payments can rise as well, making the loan more expensive.
  • Uncertainty: Borrowers are unable to predict what their monthly payment will be over the life of the loan.
  • Higher Risk: The adjustable nature of this mortgage may make their monthly payments unaffordable and precarious.

Ultimately, the decision between a fixed-rate and adjustable-rate mortgage for an investment property depends on the borrower’s goals, risk tolerance, and financial situation.

Lenders set investment property mortgage rates based on several factors, including:

  1. Credit score: A borrower’s credit score is an important factor in determining their interest rate. Lenders use credit scores to evaluate the borrower’s creditworthiness and assess their risk, so borrowers with higher credit scores are more likely to receive lower interest rates.
  2. Loan-to-value (LTV) ratio: LTV ratio is the ratio of the loan amount to the value of the property. Generally, lenders require a lower LTV ratio for investment property mortgages than for primary residence mortgages. The lower the LTV ratio, the lower the interest rate a borrower is likely to receive.
  3. The property’s location: The property’s location can impact the interest rate a borrower receives. If the property is in a highly desirable location with a strong rental market and low vacancy rates, the borrower may receive a lower interest rate.
  4. Down payment size: Investment property mortgages typically require a larger down payment than primary residence mortgages. Borrowers who make a larger down payment may be able to qualify for a lower interest rate.
  5. Borrower’s debt-to-income (DTI) ratio: A borrower’s DTI ratio is the percentage of their monthly income that goes toward paying off debt. Lenders use DTI ratio to determine a borrower’s ability to repay the loan. Borrowers with a low DTI ratio are likely to receive a lower interest rate.
  6. Market conditions: Interest rates can fluctuate based on market conditions, such as the state of the economy, inflation, and changes in the Federal Reserve’s monetary policy.

Overall, lenders use a combination of these factors to determine a borrower’s interest rate for an investment property mortgage. Hence, borrowers should focus on improving their credit score, making a larger down payment, and shopping around for lenders to obtain lower interest rates on their investment properties. 

If you’re new to real estate investing, consider meeting with an expert who can give you the most relevant tips and information regarding your particular situation. 

About Brian T. Boyd, Esq.

Attorney Brian Boyd helps clients with real estate, construction, and other business matters, while at the same time growing his real estate portfolio to a six-figure income. He earned a JD from Samford University’s Cumberland School of Law, and an LLM in Taxation from Georgetown University Law Center. His newest book is Replace Your Income: A Lawyer’s Guide to Finding, Funding, and Managing Real Estate Investments.

This App Launches The Property Restoration Process Into High Gear

Economic Insider Staff Economic Insider Staff on April 19, 2023

California experienced severe flooding this winter. And Florida is going through a new round of weather woes with heavy rain. Mother nature keeps property insurance and restoration professionals busy.

Now they can streamline their schedules, and speed up projects with RocketPlan, a growing SaaS platform for property restoration management.

“With mobile-first technology, we’ve been able to cut time spent on administrative work by more than 50 percent, reducing the burden of ‘paperwork’ on restoration field teams,” says Joe Tolzmann, CEO of RocketPlan.

“Capturing the correct data in the field, with real-time access, keeps multiple projects running smoothly, and gets people back in their homes faster.”

Tolzmann says existing industry software was built pre-smartphone, so the platforms aren’t user friendly. He experienced firsthand the challenges of capturing data on the go during his days as a restoration professional on projects.

And when weather disasters like hurricanes, floods, or fires hit, the number of projects can run high.

“You have hundreds of insurance adjusters on the ground, taking photos, writing up reports, assessing damage…most of the time, there’s no real-time data access between adjusters on the ground, and office teams,” explains Tolzmann.

That leads to extra administrative work as field employees are then required to input data into a computer back at the office. “Then it has to get sent to the proper personnel for review,” he adds. “It’s very time-consuming.”

“We’re saving each employee about one hour of admin work each day. Imagine a team of 50. That’s 250 hours of administrative labor saved each week,” says Tolzmann. 

The RocketPlan platform takes captured data and automatically generates reports. These can quickly be submitted for insurance claims. Because it’s an all-in-one app, every stakeholder – the restoration company, insurance adjuster, estimator, independent adjuster, project manager, insurance carrier, and property owners – all have access to the same, relevant documentation.

All that documentation is GPS-tracked and time-stamped, which has the added benefit of reducing liability risks.

“Reports all in one place creates transparency. Not only minimizing the insurer’s liability, but it prevents fraud – by every stakeholder,” adds Tolzmann.

Property Restoration

Sourced photo

Features of the app include moisture logging and equipment tracking, as well as time-tracking and accounting integration capabilities. There’s also a scanning tool built into the platform.

All these features are attracting well-known companies to the startup’s software.

“We’re the youngest [management] platform on the market, but we’re already signing globally-known names in the property restoration industry,” adds Tolzmann.

And the growth appears to be explosive.

“We’re expecting to quadruple our current team by the end of the year,” he says.

On the RocketPlan website, testimonials laud that there’s no guessing or wondering where documents are stored or shared using the app. Users praise the platform’s ability to maximize operational efficiency, which has helped RocketPlan’s clients land new customers.

“It all begins with accurately captured data. Finding the right tools to solve the challenges that come with on-site documentation is key to streamlining the process, and ensuring that all stakeholders are connected, communicating and collaborating during a property restoration project,” says Tolzmann.

Thomaston Savings Bank Connecticut receives C+ Credit Rating by Weiss Ratings FDIC #18258: A Look into community bank after the SVB Collapse

Economic Insider Staff Economic Insider Staff on April 17, 2023

Image commercially licensed from: Unsplash

 

After the downfall of Silicon Valley Bank (SVB), the financial lending business changed.  Lending and banking, as we knew before, have changed.  This new marketplace in the banking industry has given light to many national banks regarding their strengths and weaknesses.  

A quote from Warren Buffet, “Only when the tide goes out do you learn who has been swimming naked” (Fortune)

It looks like the tide has gone out for some industries, as we saw in the collapse of SVB.  The SVB collapse was majorly concerning Tech Venture Capital on loans that were loaned out at a very low rate.  What made the waters shakey for SVB is that there was record high inflation in the winter of 2022-2023, and to adjust the supply and demand, the Fed raised the interest rates.  It put stress on the bank. (Silicon Valley Bank)

A recent article suggested smaller banks’ concerns.  As lawmakers work to increase FDIC limits because smaller banks “are concerned with depositor flight and want some form of short-term or permanent deposit insurance at least a higher level, if not unlimited, for some period of time,” said Steve Dollar, who is the Head of financial institutions at Norton Rose Fulbright.  On the Federal Level, the White House has not taken a position on this matter.  Treasury Secretary Janet Yellen states Tuesday, March 21st, 2023, that the federal government could possibly rescue uninsured bank depositors if smaller lenders suffer a similar bank run like the one that collapsed SVB Silicon Valley Bank (CNN)

According to public FDIC annual reports, Thomaston Savings Bank’s rapidly growing Connecticut Banking Institution led by CEO Stephen L. Lewis, boasting an astonishing 15 locations, has had a record low asset growth in 2022.  The asset growth of Thomaston Savings Bank of only a 1.7% annual growth of total assets. (FDIC TSB REPORTS) This is the lowest asset growth by year for Thomaston Savings Bank in over 15 years.

Thomaston Savings Bank

Prior years growth percent with asset holding size: (Key; b billons, m millions) (Q4 Reports comparison)

As years of growth for total assets held by a banking institution is only one indication of the bank’s standing, there are a few others to analyze.  Important factors to consider are liquidity (Cash on hand), assets/loans, and liabilities, which are essential to review.

According to Weiss Ratings, Thomaston Savings Bank (TSB) receives a C+ as to their December 31st Quarter 4 2022 Filing.  Weiss Ratings bring TSB to a C+, indicating two aspects that do not rank this institution in the A Credit Rating.  TSB is ranked fair in profitability, which could be a great thing for the customer as their deposits could be invested in very low-risk investments.  However, liquidity is the other factor ranking TSB into a C credit rating.  As seen with Silicon Valley Bank, liquidity is important.

We looked for another system that analyzes a bank’s FDIC annual filings, which can be quite troubling to look through, this system of Deposit Accounts run by Lending Tree looked deeper into the two Weiss Ratings factors.  Focusing on the liquidity part of the rating, Deposit Accounts scored below average in capitalization.  Out of $1.58 billion in assets (Q2 of 2022 report), TSB had only $111.38 million in equity.  This amount converts to a 7.03% level of capitalization.

This low amount of capitalization is actually very common in today’s day and age.  To get a total analysis of the TSB bank rating, it is important to review the most recently posted financial statement, which is Q4 of 2022.

The total assets stated are $1.63 Billion.  So, what are these assets? It is an important question.  The assets held by TSB savings are invested primarily in securities and real estate.  These two by themselves, are essentially safe and low risk.  TSB investments in securities for the majority are in US Government Securities – Collateralized Mortgage Obligations (CMOs).  CMOs are a type of mortgage-backed security which is a pool of hundreds of mortgages.  We are unable to see what credit rating the invested mortgages in the CMOs are. However, it is common knowledge that CMOs are subject to interest rate fluctuations and can take up to 30 days to settle after trading, possibly causing a bank a liquidating delay. (The Street)

The second majority of assets held by TSB besides CMOs are real estate loans making up $839 million of their $1.63 billion, which is a very large majority.  Real Estate is a secure investment for anyone, through inflation, through the 2008 housing market, through anything, time and time again, real estate has been the bee’s knees.  A lending institution is almost 100% guaranteed their money back on real estate because, in case of a default, the lender shall foreclose on the property to recoup their original investment.  However, if there is low liquidity in an institution, the bank can’t sell the homes loaned out to homeowners and buyers.  The bank is only able to collect the agreed-upon mortgages and is only allowed to sell the house if there is a default on the mortgage note by the homeowner.  A foreclosure for non-payment could take a bank anywhere from 1-5 years to complete the foreclosure process, in a lot of instances, a bank will pay a non-payment mortgagee a signing bonus to exit on their own will from a past due mortgage.

 Will TSB be the next SVB collapse? Most likely not.  However, there is one key takeaway to look into.

TSB has $1.63 billion in total assets.  Out of the $1.63 billion of their assets, it is stated in the Q4 2022 Filing that their cash balance is $42.2 million. (A reported Equity Capital of $100 million) Looking into the Liabilities Statement of Thomaston Savings Bank, there are Liabilities of $1.52 Billion.  The largest portion of TSB liabilities is total deposits from bank account holders, which equal $1.46 billion.  If 1% of account holders withdraw their money from Thomaston Savings Bank in the same week, Thomaston Savings Bank would have to file a claim with the FDIC as there would not be enough cash on hand to satisfy the withdrawals of their customers.

Bringing this article to conclusion, this article is about one local bank during a tough time in business for everyone. Will this Thomaston Savings Bank make it through business in the next 12 months?  most likely, as they have a long been in business for a long time! However, this isn’t picking on one banking institution, most of the banks nationwide have a strain they are feeling.  

Sources: 

Warren Buffet quote Fortune – Link https://fortune.com/2022/10/03/warren-buffett-famous-quotes-swimming-naked-interest-rates-debt-zombies/

CNN – Link https://www.cnn.com/2023/03/22/business/fdic-insurance-expansion-explainer/index.html

FDIC Thomaston Savings Bank – Link https://banks.data.fdic.gov/bankfind-suite/bankfind/details/18258

FDIC Thomaston Savings Bank Reports – Link https://banks.data.fdic.gov/bankfind-suite/financialreporting/details/18258?establishedEndRange=3%2F26%2F2023&establishedStartRange=01%2F01%2F1792&inactiveEndRange=3%2F26%2F2023&inactiveStartRange=01%2F01%2F1970&incomeBasis=YTD&institutionType=banks&limitEstablishedDate=false&limitInactiveDate=false&reportPeriod=20031231&reportType=assets-liabilities-and-capital&unitType=%24

Weiss Ratings: https://weissratings.com/en/bank/18258/summary

The Street CMOS – Link https://www.thestreet.com/dictionary/c/collateralized-mortgage-obligations

5 Ways to Maximize Your Money in the Philippines in 2023

Economic Insider Staff Economic Insider Staff on April 17, 2023

The Philippine economy has been steadily growing in recent years, with a 6.6% growth rate in 2019 before the COVID-19 pandemic hit. Despite the economic downturn caused by the pandemic, the Philippine government has implemented measures to mitigate the impact, such as providing stimulus packages and aid to affected sectors. As the country continues to recover, now is an excellent time to consider ways to maximize your money in the Philippines.

Investing in the Philippines is one way to make your money work for you. Several investment options include bonds, stocks, real estate, and businesses. Before investing, however, you must research and consult with a financial advisor to determine the best investment strategy for your financial goals and risk tolerance. After all, the Philippines may be ripe with opportunities, but investing still entails risks.

Luckily, there are different options available to make your money work for you in the Philippines, These include: 

#1 – Purchase Long-Term Bonds to Achieve Higher Rates

Investing in long-term bonds is one way to maximize your money in the Philippines. The Philippine government issues treasury bonds with maturities ranging from two to 25 years, with interest rates ranging from 2.5% to 5.5% per annum. These bonds offer higher returns than time deposits and savings accounts, making them an attractive option for those looking to grow their money over the long term.

Additionally, long-term bonds are relatively safe investments as the Philippine government backs them. However, it’s worth noting that there is a risk of inflation eroding the value of your returns over time, especially since the Philippine economy is highly volatile and prone to inflation.

#2 – Establish a Business

Another way to make your money work is by establishing a business. The Philippines is a growing market with a large consumer base, making it an ideal location for business opportunities. Whether you want to start a small business or invest in a franchise, many options are available to suit your interests and budget.

The type of business you open can be anything because the Philippines is a diverse market with a demand for various goods and services. You can choose to open a food business, a retail store, a service-based business, or even a tech start-up. However, you must do your research and create a solid business plan to ensure the success of your venture.

#3 – Invest in Real Estate (If You Have Enough Liquidity)

Real estate is another investment option to help you maximize your money in the Philippines. However, it requires a significant amount of liquidity to get started. Real estate investment can provide steady rental income and long-term capital appreciation, making it a popular choice for passive income.

Various areas are ripe for real estate, particularly in the provinces where land is still affordable. You can purchase, develop, and rent a property or sell it for a profit. It is important to remember that investing in real estate requires careful consideration and research, as it can be a significant investment with potential risks.

#4 – Invest in Stocks That Benefit from Economic Recovery

Investing in stocks that benefit from economic recovery is another way to make your money work for you. As the Philippine economy recovers from the pandemic, specific industries, such as healthcare, technology, and consumer goods, are expected to perform well. Investing in these stocks can provide potentially high returns in the long term.

#5 – Always Have Cash on You

Above all else, you must always have cash on you. Despite adopting cashless transactions, the Philippines is still primarily a cash-based economy, meaning many transactions are still done in cash. Having cash on hand can help you take advantage of opportunities that may arise, such as discounted prices on goods and services.

Long-Term Investing in the Philippines  

Long-term investing is critical to maximizing your money in the Philippines. Investing in stocks, bonds, and real estate should be done with a long-term perspective, as these investments may take several years to yield significant returns. Because of this, you must have a diversified investment portfolio to manage risk and maximize potential returns.

Additionally, you must stay up-to-date with the Philippine economy and the performing industries. Understanding the country’s economic trends and growth potential can help you make informed investment decisions.

Conclusion

Maximizing your money in the Philippines requires careful planning and research. While risks may be involved, investing in the Philippines is highly lucrative, especially if you make the right decisions. This way, you can look forward to a financially secure future with a diversified investment portfolio.

If you’re looking for the best source of economic news, Economic Insider is for you! We offer the latest news in business and finance and other topics, such as tech and politics. Mail us today at info@newsanchored.com to get published!

Out With The New, In With The Old: Embrace the Scent of Spring; find out the Top 3 Trending Fragrances from INDIEHOUSE

Economic Insider Staff Economic Insider Staff on April 14, 2023

Image commercially licensed from: Unsplash

 

Fragrances have been used for centuries to enhance our mood, evoke memories, and even improve our overall well-being. In the spring, fragrances take on a special significance, as they can help us to shake off the winter blues and embrace the spirit of renewal and rejuvenation.

So as the weather warms up and the flowers start to bloom, it’s time to switch up your fragrance game and embrace the scents of spring. This season, three fragrances are trending, and they all can be purchased at INDIEHOUSE, a fragrance boutique in Georgia. The company has two locations: one in Alpharetta, GA and the second in Midtown, Atlanta, GA. Both are owned by Carrie Hadley, an award-winning Perfumer. Let’s take a closer look at each of them.

First up, we have Petite Chérie by Goutal Paris. This fragrance, which means “Little Sweetheart” in French, is a beautiful tribute to the bond between a mother and her daughter. Annick Goutal created this perfume for her own daughter, Camille, when she was just 23 years old. It’s a caress of rose and pear, surrounded by a cocoon of vanilla and musk. It’s a warm, comforting scent that is perfect for spring, and it’s become an icon of the Goutal Paris house. Therefore, this perfume is the one to wield to let someone know that you adore them.

Next, we have Rosendo Mateu #5 by Rosendo Mateu. This fragrance is a little more exotic, with a floral note that doesn’t exist in nature. It’s like a dream in a bottle, and it’s no wonder that fragrance lovers have been swooning over it since the Barcelona-based niche house launched it a few years ago. The scent is complex but still wearable, with a warm, ambery note that makes it a perfect transition from the cooler temperatures of winter to the warmth of spring. So if you’re looking for a unique fragrance that will turn heads, this is the one to try.

Last but not least, we have Champs de Provence by Eight + Bob. This fragrance is all about the French way of life, with its roots in the beautiful region of Provence. Every spring, Albert Fouquet would visit his friends, Alessandro and Chiara, at their villa in Provence and breathe in the freshness of the more than 1600 wild plants that flowered in the countryside. This fragrance captures that essence perfectly, with a fresh, clean scent that is perfect for ushering in the springtime mood. If you want to feel sophisticated and relaxed all at once, this is the fragrance for you.

In conclusion, these three fragrances from independent perfume houses are the top picks for spring. From the warm, comforting scent of Petite Chérie to the exotic floral notes of Rosendo Mateu #5 to the fresh, clean scent of Champs de Provence, there’s something for everyone. So why not switch up your fragrance game this spring and try something new? Your nose will thank you.

To find more about these fragrances, go to INDIEHOUSE modern fragrances (indiehousefragrances.com). Follow them on Instagram @indehousefragrances.

Taylor “TJ” Nelson’s Journey of Overcoming Lyme Disease to Building a Multi-Million Dollar Business and Publishing a Best-Selling Book

Economic Insider Staff Economic Insider Staff on April 11, 2023

Taylor “TJ” Nelson’s story is one of perseverance, determination, and inspiration. Despite battling Lyme disease, he built a multi-million dollar business and authored a best-selling book, Walk the Lyme.

Since the beginning of his career, TJ had a natural gift for sales. He quickly climbed the ranks as a car salesman, becoming tied for top sales rep in his very first month. After discovering online entrepreneurship, he sold everything and moved to Asia to pursue his dream. His passion for sales eventually led him to become the #1 D2D sales rep for SolarCity, the largest residential solar company in the United States at the time.

However, TJ’s biggest challenge came in the form of Lyme disease. He struggled with severe symptoms while building his business, but refused to let it defeat him. Through a combination of mental and emotional techniques, somatic experiencing, IV’s, meditation, and therapy, he managed to persevere and build his business despite the pain.

TJ’s book, Walk the Lyme, is a testament to his journey and the lessons he learned along the way. It quickly became a best-seller on Amazon, reaching the top spot in two categories. His story is one of hope and inspiration for anyone struggling with their own health challenges or sales goals.

His story is for anyone in rough situations who need hope and inspiration. His story is relatable to those struggling with finding out their career, health problems, or mental illness. He wants to give people permission to rise above their struggles and chase their dreams.

As for the future, TJ sees himself as a motivational speaker who can positively influence those struggling to rise up. He hopes to have a family and make a massive impact through his book and speaking engagements. He aims to build Direct Solar to the point where it could be sellable, run mostly off systems and great leadership, and use his book and speaking to help as many people as possible.

TJ’s story is one of resilience and determination. He proves that with the right mindset, anything is possible. His book, Walk the Lyme, and his business, Direct Solar, are testaments to his unwavering commitment to success. His story is a powerful reminder to never give up on your dreams, no matter how difficult the journey may be.

To learn more about Taylor “TJ” Nelson, follow him on Facebook and Instagram.

Top International Female Motivational Speaker, Kurline Altes, Shares Her Whole Person Coaching Approach That Drives Results

Economic Insider Staff Economic Insider Staff on April 4, 2023

Kurline Altes is an acclaimed life coach, storyteller, and speaker who’s revolutionizing the coaching world with her latest breakthrough approach. Kurline’s cutting-edge coaching methodology, known as whole-person coaching, is expertly crafted to help individuals achieve their objectives in both their personal and professional lives. With Kurline’s unique approach, motivation is the key driver to propel individuals forward on their journey, regardless of where they may find themselves. Unlike traditional coaching, Kurline’s approach is not restricted to a particular domain; instead, it fosters holistic well-being and encourages personal growth in all areas of life.

Kurline is a fierce entrepreneur, an author with a heart of faith, and a staunch champion for justice, equity, and inclusion. Her leadership experience spans various domains, including non-profit organizations, churches, and the Mayor’s housing and employment retention programs funded by the Department of Human Services (DHS), where she dedicatedly served both sheltered and unsheltered families in Washington, DC. But Kurline’s selfless commitment doesn’t end there. She’s also determined to give back to society by volunteering for families and children in the foster care system.

Kurline holds firm to her belief that toin order to achieve her mission of reaching individuals worldwide, it is crucial to start by engaging with the local community, as charity always starts at home. Her ultimate objective is to foster lasting transformation across generations, empowering people to embrace a growth and development mindsetmindset of growth and development.

“I do not follow the norm; I create and re-create to help individuals and organizations bring out their best,” said Kurline Altes. “Every coach needs a coach, and I know that because I coach my way through.”

Kurline’s coaching methodology caters to aspiring young adults who yearn to accomplish their ambitions, both personally and professionally. By implementing a comprehensive approach that considers the whole person, she endeavors to empower individuals by acknowledging their past failures while instilling a resilient mindset geared toward growth.

“I had to become my own coach; seeing what works and does not work motivated me,” said Kurline Altes. “So, for this, I share that it is perfectly okay to not have it all together; coach yourself all the way through.”

Kurline Altes is available for speaking engagements, group  and one-on-one coaching sessions. For more information, please visit her website at https://kurlinejspeaks.com/.

FWM Designers LLC Sets on a Mission to Build a Better Community

Economic Insider Staff Economic Insider Staff on March 10, 2023

As the world continues to face the challenges of the pandemic and economic recession, it’s more important than ever for businesses and communities to come together and work towards a common goal of improving public welfare. That’s exactly the mission of FWM Designers LLC, as it centers itself on the principles of entrepreneurship, financial literacy, and philanthropy.

FWM Designers LLC encourages collaboration among community members to enhance the well-being of both businesses and communities through philanthropic efforts and mutually beneficial service collaborations on a large scale. In addition to that, the company also offers programs named Good Circles, which reduce operating expenses for nonprofit and for-profit entities and increase revenues while reducing costs to the consumer. The goal is to establish a precedence of businesses and communities taking ownership of their own communal welfare through their systems while promoting living wages as a minimal hiring practice.

Looking forward to the future, the company aims to become the most impactful organization on public welfare by size within 12 months and to be the global leader in philanthropic impact within the next 36 months. “The systems we have established to support our communities are designed specifically to be beneficial for all entities involved, and we are excited to help our communities as we recover from the pandemic and endure the current recession,” FWM Designers LLC founder Timothy Franklin said.

FWM Designers LLC

Sourced photo

FWM Designers LLC aims to lower the cost of daily purchases for consumers by 10% as they expand while simultaneously reducing nonprofit operating expenses, excluding payroll, by up to 100% and boosting nonprofit operating capital by at least 400% annually. They also can decrease operating costs for for-profit organizations and significantly increase their net revenue.

The driving force behind the creation of this brand was to advance the values on which the company was established, as well as to assist others in their growth and success. Furthermore, the business structure was shaped organically through interactions with their clients, as they addressed the issues most crucial to them. 

FWM Designers LLC endeavors to decrease dependency on government systems for community welfare by promoting large-scale collaboration and establishing an ecosystem that prioritizes the benefit of others above self-interest.

“We place the community first as a business. While we are still a for-profit business, our goal is to create more benefits for nonprofit organizations than ourselves. This is not just a business; it is a movement to promote entrepreneurship, financial literacy, and philanthropy as a single system to make our communities better places,” Franklin said.

FWM Designers LLC firmly believes that through cooperation, businesses and communities can generate a more promising future for all. 

Gennaro Brooks-Church Brings His Green Vision to the Organic CBD and THC Drink Industry with Success Organic CBD Energy Drink

Economic Insider Staff Economic Insider Staff on March 1, 2023

Image commercially licensed from: Unsplash

 

Gennaro Brooks-Church, a renowned green builder, photographer, and living wall artist, takes his vision on sustainability to launch Success Organic CBD Energy Drink, a high-end blend of organic ingredients designed to provide a healthier alternative to traditional energy drinks.

His vision focuses on promoting environmentally sustainable practices in the production and distribution of CBD products. By using organic and natural ingredients, it helps to reduce the impact on the environment and promote a more sustainable future for the industry. 

With a background in art and a passion for healthy living, Brooks-Church brings a unique perspective to the growing organic CBD and THC drink market. Success Organic CBD Energy Drink is made with a blend of organic coconut water, organic green coffee bean caffeine, and organic CBD, offering a natural boost of energy while promoting overall health and wellness.

“I wanted something healthy to keep me awake and calm my nerves during a long drive, but I couldn’t find anything on the market,” says Brooks-Church. “That’s when I decided to make Success Organic CBD Energy Drink. The CBD helps with anxiety and the organic green coffee caffeine keeps you alert.”

The use of organic CBD sets Success Organic CBD Energy Drink apart from its competitors and provides a range of health benefits, including reducing anxiety, pain, and inflammation. The organic coconut water in the drink provides a natural source of hydration and electrolytes, while the organic green coffee bean caffeine provides a natural source of energy, without the jitters or crash often associated with synthetic caffeine.

The drink’s organic ingredients also make it a more environmentally friendly choice, as organic farming practices help to reduce the impact on the planet. The use of organic cane sugar, as opposed to synthetic sweeteners, also ensures that the drink is not only healthier but also has a more natural, better-tasting flavor.

“Success Organic CBD Energy Drink is the best choice for anyone looking for a healthier and more sustainable alternative to traditional energy drinks,” says Brooks-Church. “Whether you’re an athlete, a busy professional, or just someone looking for a healthier alternative to unhealthy energy drinks, Success Organic CBD Energy Drink is the perfect choice for you.”

About Gennaro Brooks-Church

Gennaro Brooks-Church is a well-known green builder, photographer, and living wall artist, who has made a significant impact in the world of building design and construction. With a passion for nature, he has brought his unique perspective to the world of organic CBD and THC drink, creating a high-end blend of organic ingredients designed to provide a healthier alternative to traditional energy drinks.

For more information, please visit the Success Organic CBD Energy Drink website.

Transforming Lives Naturally: Meet The Virtual Chiropractor Dr. Heather

Economic Insider Staff Economic Insider Staff on February 27, 2023

Image commercially licensed from: Unsplash

 

Dr. Heather is a virtual chiropractor who has been helping people become pain-free naturally for years. Her approach goes beyond the traditional spinal adjustment and focuses on corrective exercise and rehabilitation techniques specific to each individual’s condition. She has a 98% success rate with individuals who are serious about becoming pain-free and has helped thousands of people internationally in under a 3-week period.

Dr. Heather’s journey began in 8th grade when she dislocated her low back while playing varsity softball. She received help from her mother’s chiropractor, who used Kinesiology and spinal adjustments to help her recover quickly. This experience inspired Dr. Heather to become a chiropractor and help others heal naturally. She prides herself on her intake skills, listening to each patient and uncovering the root cause of their pain.

Dr. Heather’s patients are mainly runners, skiers, cyclists, triathletes, and weightlifters like CrossFitters. Brad, a 56-year-old male who loves to run, was one of her success stories. After being told to stop running due to a stress fracture, Brad signed up for Dr. Heather’s 3-week sports chiropractic program and was back to running 100% pain-free. Hope was given back to Brad.

Dr. Heather’s virtual sports chiropractic program is convenient for those with demanding jobs who put their health and wellness last. Her method has been proven time and time again, and she offers a 100% guarantee or a full refund plus an additional 8 weeks of time with her to get the desired results. Dr. Heather is available on Facebook, YouTube, TikTok, and Instagram for anyone looking to become pain-free naturally.

Dr. Heather is an expert in her field who genuinely cares about her patients’ well-being. Her approach has helped thousands of people become pain-free naturally, and she continues to inspire hope in those who thought they could never get back to the activity they love.

To learn more about Dr. Heather, visit her website or follow her socials on Facebook, YouTube, TikTok and Instagram.

Phil Smith: Transforming Businesses through Expert Digital Marketing Strategies

Economic Insider Staff Economic Insider Staff on February 22, 2023

Philip F. Smith is a successful serial entrepreneur and an expert in digital marketing. He has devoted his professional life to assisting people laid off from their jobs in the tech industry in launching their six-figure businesses. His impressive track record includes creating multiple businesses, selling four companies, and appearing on the Inc. 5000 list of the nation’s fastest-growing private companies for four consecutive years in a row. Thanks to his extensive knowledge and years of experience in lead generation and digital marketing, Phil has established himself as a valuable resource in his field.

Phil’s climb to the top of the business world began in 1998 when he decided to strike out independently and become an entrepreneur. Phil had grown tired of working for other people and wanted to start his own business, even though he was raised in a generation that placed a high value on a conventional education and a job from 9 to 5. Because of his innovative strategy for monetizing data, he is now recognized as one of the world’s most successful online lead generators.

Phil partnered with Kevin Harrington, the original Shark from the show Shark Tank, to offer a comprehensive marketing platform and lead generation services through AllInOneMarketing.com. This was done with the intention of assisting others in realizing their goals of becoming successful business owners. Since 2006, Phil and his team have been providing high-quality leads to businesses in various industries through various advertising channels. Phil is well aware of the significance of high-quality leads to the success of a business. Their lead generation services have attracted a lot of attention thanks to the all-encompassing approach they take to the expansion of businesses, and they boast high customer conversion rates.

Phil has earned the respect of both his clients and his colleagues thanks to the success he has had in the highly competitive industry of lead generation. Because he is so committed to assisting individuals in accomplishing their objectives and expanding their businesses, he has developed a reputation as a reliable resource in this area.

The story of Phil is illustrative of the power that can be harnessed through tenacity, effort, and the willingness to take calculated risks. To anyone who aspires to launch their own company and carve out a niche for themselves in their field, he should serve as a powerful source of motivation. Suppose you are an experienced business owner or are just getting your feet wet in the world of entrepreneurship. In that case, Phil’s knowledge and direction can assist you in launching a profitable company in the modern digital environment.

Lisa Kastner’s Leadership Drives Running Wild LLC to Exceed Sales Numbers and Bring Unheard Voices to the Publishing Industry

Economic Insider Staff Economic Insider Staff on February 21, 2023

Lisa Kastner, the founder and CEO of Running Wild, LLC, is a visionary leader who is changing the publishing industry by bringing to market stories that are typically ignored by other houses due to their acquisition models. Under her leadership, Running Wild, LLC has far exceeded sales numbers in 2022 compared to previous years and nearly doubled gross revenue in 2022 compared to previous years. Kastner’s mission is to change the world through story by bringing forward amazing stories and making them available to eager fans.

Kastner’s personal story of overcoming adversity is a testament to her leadership and determination. Despite losing her home at the age of 20, Kastner went on to obtain a Bachelors, MBA, and MFA while working and building an amazing corporate career in which she transformed organizations through technology and process. Her ability to turn challenges into opportunities is reflected in the success of Running Wild, LLC, which has been honored with two best of 2019 and two best of 2020 books according to Kirkus Reviews, as well as several starred reviews and additional acclaim.

Running Wild, LLC consists of Running Wild Press, where they publish great stories with great writing that don’t fit neatly in a box, and RIZE, where they publish great genre stories written by people of color and other underrepresented groups. Kastner’s vision is to better represent the cultures and ethnicities represented within North America by bringing forward stories that engage readers and push boundaries.

At Running Wild, LLC, the target market involves those who can license their titles, such as audiobook companies, producers and studios for television and film, and graphic novel publishers. Kastner understands that today’s consumer wants their favorite stories wherever they are, whether it’s online, on TV, or in a book. For Running Wild Press, they publish books for readers who love a great story that surprises them, engages them, and keeps them hanging on. They read across multiple genres and enjoy discovering new authors and new stories. For RIZE, the ideal customer loves genre stories, no matter if it’s a mystery, a thriller, women’s fiction, fantasy, or horror.

Kastner’s commitment to bringing forward typically unheard voices is reflected in Running Wild, LLC’s business-to-business model. Independent bookstores and libraries that are looking to engage their local readers and turn customers into readers can benefit from Running Wild Press and RIZE by providing genre stories written by people of color and other underrepresented groups. The book club can select the novels and memoirs that make the readers feel special, like they are special because this book was selected for their enjoyment.

Lisa Kastner is an entrepreneur to watch, as she continues to strive during challenging times such as the COVID pandemic. Her leadership, vision, and commitment to bringing forward amazing stories are changing the publishing industry for the better. Running Wild, LLC’s success in exceeding sales numbers and doubling gross revenue in 2022 compared to previous years is a testament to Kastner’s ability to inspire and drive a team to success. Running Wild, LLC is a company that is changing the world through story, and Lisa Kastner is at the helm, leading the way to a more inclusive and diverse publishing industry.

 

Lisa Kastner’s Leadership Drives Running Wild LLC to Exceed Sales Numbers and Bring Unheard Voices to the Publishing Industry

Economic Insider Staff Economic Insider Staff on February 20, 2023

Lisa Kastner, the founder and CEO of Running Wild, LLC, is a visionary leader who is changing the publishing industry by bringing to market stories that are typically ignored by other houses due to their acquisition models. Under her leadership, Running Wild, LLC has far exceeded sales numbers in 2022 compared to previous years and nearly doubled gross revenue in 2022 compared to previous years. Kastner’s mission is to change the world through story by bringing forward amazing stories and making them available to eager fans.

Kastner’s personal story of overcoming adversity is a testament to her leadership and determination. Despite losing her home at the age of 20, Kastner went on to obtain a Bachelors, MBA, and MFA while working and building an amazing corporate career in which she transformed organizations through technology and process. Her ability to turn challenges into opportunities is reflected in the success of Running Wild, LLC, which has been honored with two best of 2019 and two best of 2020 books according to Kirkus Reviews, as well as several starred reviews and additional acclaim.

Running Wild, LLC consists of Running Wild Press, where they publish great stories with great writing that don’t fit neatly in a box, and RIZE, where they publish great genre stories written by people of color and other underrepresented groups. Kastner’s vision is to better represent the cultures and ethnicities represented within North America by bringing forward stories that engage readers and push boundaries.

At Running Wild, LLC, the target market involves those who can license their titles, such as audiobook companies, producers and studios for television and film, and graphic novel publishers. Kastner understands that today’s consumer wants their favorite stories wherever they are, whether it’s online, on TV, or in a book. For Running Wild Press, they publish books for readers who love a great story that surprises them, engages them, and keeps them hanging on. They read across multiple genres and enjoy discovering new authors and new stories. For RIZE, the ideal customer loves genre stories, no matter if it’s a mystery, a thriller, women’s fiction, fantasy, or horror.

Kastner’s commitment to bringing forward typically unheard voices is reflected in Running Wild, LLC’s business-to-business model. Independent bookstores and libraries that are looking to engage their local readers and turn customers into readers can benefit from Running Wild Press and RIZE by providing genre stories written by people of color and other underrepresented groups. The book club can select the novels and memoirs that make the readers feel special, like they are special because this book was selected for their enjoyment.

Lisa Kastner is an entrepreneur to watch, as she continues to strive during challenging times such as the COVID pandemic. Her leadership, vision, and commitment to bringing forward amazing stories are changing the publishing industry for the better. Running Wild, LLC’s success in exceeding sales numbers and doubling gross revenue in 2022 compared to previous years is a testament to Kastner’s ability to inspire and drive a team to success. Running Wild, LLC is a company that is changing the world through story, and Lisa Kastner is at the helm, leading the way to a more inclusive and diverse publishing industry.

 

Join the Ghosts of the 1920s at the Escape Hotel: A Unique Experience That Can’t Be Missed

Economic Insider Staff Economic Insider Staff on February 14, 2023

A new immersive experience had hit Hollywood Boulevard. The Haunted Hotel is a new type of escape room with a unique twist on the traditional concept. This 1920s-themed escape room was the brainchild of Ivan Leon from Colombia and Lara Herczeg from Hungary, and it opened its doors in the summer of 2016.

But the Haunted Hotel is no ordinary escape room. It is the biggest escape room venue in the world, with a sprawling 11 games within its walls. The venue has been masterfully crafted to resemble a 1920s haunted hotel, where guests are welcomed by undead staff and encounter the sinister past that haunts the building. The spine-tingling atmosphere is intensified by the immersive special effects and the theatrical delivery of the experience by the staff, making it a one-of-a-kind adventure.

The Haunted Hotel is a true landmark on Hollywood Boulevard. In fact, it played host to some of the most renowned celebrities, such as Angelina Jolie, Selena Gomez, Justin Bieber, and Megan Fox, to name a few. The venue also partnered with big production companies like Warner, Fox, Paramount, and Sony to create customer games and experiences related to the release of their top films and TV shows.

The Haunted Hotel spellbinding success is attributed to its unique approach to escape room adventures. It transcends beyond just the games and delves into a world of complete immersion. From the moment guests check in, they are transported to an alternate universe, where every detail, from the physicality of the hotel to the dining and entertainment options, contributes to the captivating experience. Diners can savor a delicious meal, raise a toast with drinks, and be entertained by the mesmerizing performances of dancers, singers, and magicians.

Ivan and Lara’s vision for the Haunted Hotel was to make a bigger impact in the escape room industry. They saw the potential for a more immersive and unique experience, and that’s exactly what they created. A glittering gem of the paranormal realm, The Haunted Hotel shines bright on Hollywood Boulevard and now, basked in its successful glow, the owners have their sights set on ghostly conquests in cities and countries beyond.

In conclusion, the Haunted Hotel is more than just an escape room venue. It’s an experience that transcends the games themselves, taking guests on a journey back in time to the 1920s. With its unique approach, top-notch staff, and top-notch effects, it’s no wonder the Haunted Hotel has become a must-visit destination for escape room enthusiasts and celebrities alike.

Leaving a Legacy: The Entrepreneur Who Built a Successful Wooden Watch Business While Holding a Day Job

Economic Insider Staff Economic Insider Staff on February 7, 2023

In the realm of fashion, watches are a crucial accessory. They not only let one tell the time in a practical way, but they also make an outfit and personal style look better. People can choose a watch that suits their particular preferences and sense of style because of the wide variety of watch types, materials, and designs available.

There is a watch for every taste and situation, ranging from traditional leather strap watches to cutting-edge smartwatches. Watches are a flexible accessory that can be worn with any ensemble because of their ability to be dressed up or down. Watches serve to complete an outfit and add a touch of sophistication by adding a final touch.

In addition, watches are classic heirlooms that can be passed down from one generation to the next and never goes out of style. In conclusion, watches are an important accessory in the realm of fashion since they combine functionality and style in one item.

The Wood Forest Watch designer Mitch Jones came up with the concept of stylish, wooden watches that speak luxury but are accessible and would survive for a very long time in the fashion industry. His handcrafted watch business, which he started while holding down a 9 to 5 blue-collar job, evolved from a routine side gig into an extraordinary success tale.

The Wood Forest is a father-and-son partnership, and he successfully juggles the demanding 9 to 5 job with producing these classic sculptures. Mitch exemplifies for other business owners how it is possible to achieve success and maintain a strong enterprise while juggling other responsibilities.

One of the largest problems this company has encountered was a single, severe cyberattack. A crew of credit card fraudsters launched the assault, which cost the company over $100,000.

At the time, Mitch was in charge of every part of the company, but he overcame this setback to not only survive but also prosper and achieve revenue targets that he had at first considered improbable. With unwavering focus and a skilled team to assist, he brought the company back from the brink of death. This is a testament to his determination, leadership, and the power of his community.

In addition to becoming one of the businesspeople to watch out for, Mitch Jones has inspired other entrepreneurs. When things go tough, he advises other business owners to speak up so they won’t have to suffer in silence. Additionally, he exhorts people to seek assistance because it might become tiresome to serve as everyone else’s rock all the time.

When you talk, you never really know how much assistance you can receive; the outcomes will astound you, says Mitch.

For the great men who are the foundation of the nation, The Wood Forest Watch is a classic and unique brand. Mitch wants to establish himself as a big brand in the US before going internationally. He hopes that his company will produce the first wooden watch that can stand proudly next to today’s finest luxury timepieces.

Follow The Wood Forest on social media:

FB: https://www.facebook.com/profile.php?id=100075368507610 

IG: https://www.instagram.com/thewoodforestinc/ 

TkTk: https://www.tiktok.com/@thewoodforest 

PN: https://www.pinterest.com/TheWoodForestinc/

Dashdot Pioneers A Life of Freedom And Prosperity Through Their Unique Property Investment Techniques

Economic Insider Staff Economic Insider Staff on February 6, 2023

Image commercially licensed from: Unsplash

 

A recent survey found that the majority of Australians believe $830,000 is necessary to attain financial freedom, which would provide them with the means to pay off debt, establish personal savings, and improve their ability to support their families.

However, the current economic environment, characterized by rising prices, increasing debt levels, stagnant wage growth, and broader economic challenges, presents a significant obstacle to achieving financial stability and security.

Dashdot, a property investment startup, recognizes the significant impact of current trends on the financial well-being of Australians and acknowledges the importance of saving and investing for the future to achieve financial freedom.

Despite the challenges posed by various factors, Dashdot is determined to offer a solution that will allow individuals to escape this situation and experience the freedom they deserve through their innovative prosperity investment techniques.

Dashdot is committed to helping people achieve financial freedom. As a property portfolio growth partner, they make it easier for people to reach a life of abundance by finding the right property, in the right place, at the right time to pursue their life goals faster and with less risk.

The Current Problem

According to Dashdot, the way people invest in properties needs to change. Most people want to invest in property to gain freedom, choice, and abundance. Unfortunately, this is rarely achieved, with only less than 1% of property investors achieving those goals.

The failed investments are caused mainly by wrong choices in location, timing, and type of property, which unfortunately lead to a continuous cycle of hard work and financial strain. Dashdot is dedicated to helping people break this cycle and achieve the life they want to live.

Achieving Financial Freedom By Finding The Right Fit

In their mission to break this cycle, Dashdot’s mission is to transform how the world invests by informing people where the right opportunity is.

Dashdot’s proprietary and top-of-the-notch technology finds the right fit. Their in-house team of data scientists can crack the code on property investing in real-time with accuracy. Taking into consideration their macro and micro influences specific to suburb-level insights, they ensure they search the whole area, not leaving any possible opportunity behind.

With their world-first data science, their clients can identify the top 1% of properties in the top 1% of locations, ensuring that they can secure the right property, in the right place, at the right time.

“What’s right for someone might not be for another. But we can always find an opportunity that is right for our clients,” says CEO Goose McGrath.

For Dashdot, finding the right fit also means being on the lookout for industry trends that arise. They understand that new events can change the whole industry.

Dashdot says, “We don’t just make observations, and we don’t just analyze numbers. Combined insights give us the scientific secret sauce to securing your perfect property.”

Dashdot gets the work done

Dashdot streamlines all the processes to ensure their clients get full assistance every step of the way. They are all about saving clients the hassle of coordinating all the moving
pieces of securing investment properties and assessing their performance.

“The Dashdot difference is that you can be on a beach in Bali or hiking in Hawaii – so long as you have wifi access, our digital services are available – the team and tech take care of everything so you can be virtually anywhere,” says Jess Norton, Head of Marketing.

Through their personal Dashdot channel, clients can be at peace knowing that everyone is looking after them. Dashdot offers a life-long lifeline directly to their committed team.

“We connect the dots on everything from sourcing a solicitor, finding a property manager, and sorting out any logistics you can think of,” General Manager Tim Keating assures.

The Life Of Freedom and Prosperity According to Dashdot

Dashdot believes that a life of freedom is not about people working hard but making investments work hard for them. It is living a life on their terms – whether they want to travel, spend time with their family, or pursue what they love to do.

Dashdot empowers their clients to invest in the right properties and create a property investment portfolio that works. With the right choices and a sound strategy, clients can have the financial freedom to dream and make those dreams a reality. They are dedicated to helping their clients achieve the freedom and prosperity they deserve.

“The goal of life is to live, and the world would be better if people were able to do exactly that. So we at Dashdot are constantly uncovering new ground and breaking through unchartered territory, empowering people to march forward, discover, and break away from a constrained way of thinking and living,” Dashdot CEO Goose McGrath elaborates.

With Dashdot’s unique approach to the typical property investment service powered by a plethora of data and tech tools, they stand on their belief that prosperity is achievable and possible through effective and wise property investment.

Serial Entrepreneur SharkTino Takes on the Automotive Industry with “Call Boost Now”

Economic Insider Staff Economic Insider Staff on February 3, 2023

Image commercially licensed from: Unsplash

 

Phoenix, Arizona resident Tino Hernandez, also known as Sharktino, has founded a new company that aims to provide dealerships with the resources they need to grow their businesses. Call Boost Now offers a premier marketing solution that prioritizes customer satisfaction, positive company culture, and performance. With a proven track record of success and a team of experts, Call Boost Now is set to revolutionize the automotive industry.

Born and raised in Southern California, Sharktino served in the United States Army for seven years, including multiple tours in Iraq and Afghanistan. After returning from his service, Sharktino began his career in sales at a local Kia dealership. Despite struggling in his first month, Sharktino persisted and was trained by his managers and leaders, eventually pushing him to succeed in the industry.

Call Boost Now offers a range of services, including appointment setting, customer follow-up, and 24/7 tracking of progress. This allows dealerships to benefit from increased opportunities for sales, a more efficient BDC for lower costs, and an experienced team capable of handling high volumes of sales, leads, and appointments. With simple pricing plans and no long-term agreements, Call Boost Now makes it easy for dealerships to maximize their potential and achieve their business goals.

So, if you’re looking for a reliable, effective, and affordable marketing solution for your dealership, look no further than Call Boost Now. With Sharktino at the helm and a team of experts dedicated to helping your business succeed, you can rest assured that your dealership’s marketing is in good hands.

Bobsolar Planning Expansion to East Africa

Economic Insider Staff Economic Insider Staff on February 2, 2023

Bobsolar is the solar energy branch of the Hong Kong listed company Bob Eco Limited. Bobsolar is active on the European continent, where it is moving quickly to start operations in across the continent.

Bob Eco is a green energy company producing products that all aim to improve the environment by offering solar products and electric vehicles. The electric vehicle operations are active across the African continent. 

Bob Eco’s internal study has shown that the demand for solar energy exceeds that of the need in European countries by more than 40%. In combination with its electric vehicle operations, Bob Eco plans to start launching the Bobsolar brand across the continent. Uganda is one of the first countries where the company will launch its operations, in the third quarter of 2023.

Bob Eco states that in order to assure success in the East African market it Must strengthen its resilience to local market shocks in the electricity market functioning and start by applying solar energy generation on its own activities in the market by providing stable energy generation. The move will accelerate the green energy adoption in the region, eventually replacing fossil fuels in the Ugandan electricity markets!

Many remote villages have no access to the power grid, which offers opportunities to expand Bob Eco’s electric vehicle operations further into remote areas.

https://bob.solar

https://bob.eco

 

Dermis.ai is Revolutionizing Marketing by using Artificial Intelligence to Skyrocket Sales for Medical Spas, Clinics and Aestheticians

Economic Insider Staff Economic Insider Staff on January 25, 2023

Have you ever had a customer or client abruptly cancel a beauty appointment? What did you think of it? I bet it hurt your company, especially if it was a persistent issue.

According to research, 27% of all spa reservations are cancelled on the day of the appointment, costing those facilities a significant amount of money.

No matter the sector your company works in, running a business is anything from simple. Every day, business owners search for innovative methods and technological advancements to streamline their operations, market their goods and services to the proper customers, and increase sales. It is far from an easy task.

The problem persists throughout the beauty sector. Getting customers who make reservations for medical spa services to keep those reservations is one of the many commercial issues that medical spas encounter. Since these are cosmetic operations, medical spas that provide services like body sculpting, laser hair removal, botox, or permanent cosmetics have a lot of appeal. However, not all clients keep their appointments.

In marketing, this is typically the process of turning cold leads into paying leads, but for these companies, this isn’t always the case. Ads won’t prompt people to make an appointment, but they may help your company reach the correct demographic. Dermis.ai was created to address this issue since, without successful bookings that result in revenue, a firm cannot operate.

Dermis.ai is a company that assists medical spas, clinics, and aestheticians in increasing the number of appointments they receive by using regionally relevant social media advertisements and automated bot SMS chats to nurture their leads into clinic appointments. 

Thomas Gonnet, a 20-year-old expert in social media and affiliate marketing, founded the company with two other individuals.

His main objective was to innovate and establish new approaches in the field of marketing agencies. In order to help a very specific type of client—medical spas that primarily offer body sculpting, laser hair removal, botox, or permanent makeup—these new strategies combine technology and industry know-how. They aim to increase the number of clients who actually show up for their scheduled appointments.

 

Through more visits and lower costs, the business assists medical spas, clinics, and aestheticians in earning six figures and more.

This firm, which is powered by artificial intelligence, uses cutting-edge techniques to help these kinds of businesses draw customers in. In order to follow up with clients and assist set up appointments, they combine automated SMS messaging with a human touch. By ensuring that appointments are backed up with on-the-spot credit card payments, this technique puts an end to disappointing leads who don’t show up for appointments.

According to research, the sixth call is when 95% of all converted leads are reached. This means that constant engagement through conversations with prospects would seal the deal in the long run. Dermis.ai makes sure you do not have to bother with this side of business nor employ a receptionist or even employ the services of a marketing agency. This in turn saves the business owner time and money and increases appointment bookings.

The company also runs an affiliate marketing program which they intend to use in onboarding influencers to get more medspa businesses on the platform. What happens is that once influencers use their uniquely generated affiliate link and get medical spas on the platform, they get to earn a steady, passive income.

The founder, Thomas Gonner shares his experience of lead generation, marketing, social ads and building this agency on his YouTube channel. He has become an authority in lead generation and gives helpful tips to individuals and businesses through his platform.

Dermis.ai offers some really great benefits. By signing up for the platform, you are assured of monthly clients as well as a 100% turnout rate that addresses the issue of unmet bookings. Because now your clients are aware of what you are doing, you also receive high-quality repeat clients. They offer automated Google reviews that raise your company’s ranking in search engine results, as well as 100% exclusivity, which means they can only work with one company per location, giving you the upper hand.

Dylan Taylor on the Rise of Commercial Space Travel

Economic Insider Staff Economic Insider Staff on January 23, 2023

Image commercially licensed from: Unsplash

 

Nearly 1,000 people and organizations have won Nobel Prizes since 1901. And according to Forbes, the world counted 2,668 billionaires in 2022. Yet in late 2021, Dylan Taylor became just the 606th person to go to space.

This means that humans are more likely to become billionaires or win Nobel Prizes than they are to visit space. For now.

“That is going to change,” Taylor said. “I think if you pick any room of 100 people in any city over the next 5-6 years, someone in that room will know an astronaut.”

The Harvard Business Review announced in 2021 that “the commercial space age is here,” an era for which Tayor has been an advocate and guide. Taylor, chairman and CEO of Voyager Space, predicts that the growing commercial space market will produce more astronauts by 2025 than during any other decade. The space entrepreneur and Blue Origin citizen astronaut expects more than 100 new astronauts to follow him across the Kármán Line over the next three years and into a new cosmic economy.

Taylor, who flew aboard Blue Origin’s third human spaceflight in December 2021, always believed in the transformational power of space. Though he spent just 11 minutes — about three of them weightless — aboard NS-19, Taylor returned to Earth even more convinced.

“It’s not only transformational but penetrative,” Taylor told author, Frank White. “Even if you have some kind of detox and say, ‘space is bad,’ for some reason, I don’t think you could remove it from your core. It’s such a part of your psyche that I don’t think you could reverse the process.”

Beyond his acknowledged romanticism, Dylan Taylor regards space as an economic frontier with thrilling potential. Companies such as Blue Origin, Space X, and Virgin Galactic have unlocked commercial space travel by achieving the once-daunting through incremental steps: private investment, reusable rockets, and a roar of start-up research. They even joined an 18- and 82-year-old on a suborbital flight.

Commercial space flight is drawing more entrepreneurial adventurers to this frontier economy. Space Adventures, for instance, has facilitated private-citizen visits to the International Space Station — for an estimated $50 million. 

Space Perspective is booking travelers aboard a high-altitude balloon hoisting a “Space Lounge” with drinks, a restroom, and wifi. Orbite offers ground training for those preparing to visit (or perhaps live and work) in space. 

These adventures are pricey (Virgin Galactic began selling tickets for $450,000) but will expand their customer base as companies lower costs through rocket reusability and new fuels. Until then, Taylor said, people should recalculate the suggestion that space appeals only to the rich.

“Why care about a bunch of rich early entrants going to space? It’s a valid question,” Taylor said. “Because it stimulates interest. Space funding is based on public sentiment and national security assessments. Public sentiment matters. To the extent we can promote space and space’s power to transform us all, it helps us all.”

Voyager Space is among several companies building private-enterprise space stations devoted to science, commerce, and tourism. The company intends to have Starlab operational before the ISS is decommissioned. Axiom Space is constructing a station with plans to launch its first section into low.

Anticipating the continued growth of space travel and commerce, NASA announced its commercial LEO development plan in 2019. As the U.S. agency returns to the Moon via the Artemis program, it has developed a series of short- and long-term initiatives that eventually will transfer LEO operations to the private sector.

“A robust and competitive low-Earth economy is vital to continued progress in space,” NASA reported.

This means more opportunities for everyone to benefit from commercial space travel. Imagine flying around the Moon. The dearMoon mission aboard SpaceX’s Starship has plans to take civilians in 2023. And imagine boarding a rocket, instead of a plane, for the 32-minute trip from Los Angeles to Paris. SpaceX says it will happen. 

Ultimately, Taylor said, commercial space travel will leverage growing demand, lower costs, and private investment to scale into what Morgan Stanley projects as a $1 trillion industry. That will inspire a new generation of space enthusiasts and STEM experts, leading humankind into a stellar future.

Imagine a time when space becomes our industrial and manufacturing sector and Earth transforms into a global park.

“The idea is, how do we engender in our young people a sense of hope that they can be part of this space revolution that we’re going through?” says Dylan Taylor. “And that anybody can go to space. I believe in the life-changing powers of space.”

SaleBased Provides Online Income Ideas

Economic Insider Staff Economic Insider Staff on January 19, 2023

Image commercially licensed from: Unsplash

 

SaleBased is a big proponent of location and time independence. It firmly believes that anyone who does not have an income stream that can be fully managed from a mobile device will be left behind this decade. As the world advances, making money from anywhere at any time is quickly becoming a superpower.

Established in 2015, the team at SaleBased built a solid global community of like-minded entrepreneurs across all major social media platforms. Their mission is clear: to share income ideas that actually work and provide massive value to anyone willing to pay attention. Furthermore, they offer growth hacks that they personally use to stay ahead of the competition.

After scaling multiple ecommerce brands to the stratosphere and making millions of dollars in profit, SaleBased is backed by a wealth of experience. Its main value proposition to followers is: why go through hardship on your entrepreneurship journey when experts who have experienced the same difficulties are willing to assist?

The company’s main services include advanced courses, direct strategic guidance, and mentorship across a multitude of online business sectors. In fact, SaleBased was one of the first to launch an advanced social media course many years ago and subsequently helped clients grow to millions of combined followers. 

By working with SaleBased, clients get an over-the-shoulder level of assistance and access to all the cutting-edge experimental techniques that allow them to scale their own online income streams every year. Indeed, clients can truly get what they pay for with the help of SaleBased. So follow SaleBased on all socials and grow your business with them.

Faith-Based Success: Jacques and Toshia Posey’s Tips on Achieving Home Ownership and Building Generational Wealth

Economic Insider Staff Economic Insider Staff on January 13, 2023

As we head into the new year, many of us are looking for ways to improve our lives and businesses. For Jacques and Toshia Posey, a power couple who owns 1st Class Real Estate and Spirit Led Ministries, this means continuing to build and grow together as a couple, both in their business and personal lives. The couple, who strongly believe in the idea of changing lives and selling a few homes along the way, has made it their mission to help others do the same.

Sharing what they have learned over the years, Jacques and Toshia talk about how couples can work and build together, move forward in life, and break the generational cycle, as well as the importance of maintaining an excellent work-life balance and taking care of mental health to lead a fulfilling life.

At the heart of their business is their foundation in God, which is reflected in their culture and approach to the industry. The couple offers one-on-one coaching and mentoring to help jumpstart agents’ businesses, with the goal of assisting families to achieve home ownership and building authentic celestial shops. They go beyond just teaching clients how to purchase a home, but also how to build wealth through investment.

For Jacques and Toshia, building a business together as a couple has been an incredible experience. They understand the importance of knowing each other’s strengths and weaknesses to determine the roles that each person will play in the business. By doing so, they know how each person will operate, which helps their success and growth. “The couple must identify what is most important to them in which of the problem they wish to solve with their business. For example, we started our real estate brokerage because we wanted to provide quality training, mentorship, and leadership for emerging agents, which was lacking from the time when Toshia started her real estate career in 2006,” the couple shared.

Jacques Posey

Sourced photo

Jacques Posey

When asked about how to move forward in life, the couple emphasizes the importance of identifying the vision and goals, both individually and as a couple. “You will need to understand what God has laid on your heart for you and your family. From there, you will build out a realistic roadmap, understanding that it is a process. During this time, it is imperative that you are honest with yourself and your mate to truly be able to achieve successful outcomes,” they said.

For the Poseys, breaking generational curses and building generational wealth is a key aspect of their business and personal lives. They understand that to build generational wealth, growing in wisdom, knowledge, and understanding is the first step. To them, wealth is not just material possessions but an accumulation over time of what can be left to future generations in terms of financials and resources.

In order to maintain a good mental health balance as a couple, the Poseys recommend setting hard stops at work, planning for self-care activities such as praying, time with God, reading, exercise, meditation, and hobbies, continuing to date each other, and keeping work and home life separate by having an office outside of the home.

Throughout their years in business dedicated to guiding others on the path to success, Jacques and Toshia Posey have shown others the possibilities of thriving and building true wealth in their lives, business, and relationship by following God’s principles.

Shield Smart Homes: Making the Switch to Solar Power Easy

Economic Insider Staff Economic Insider Staff on January 4, 2023

With the worsening climate change, people are now looking for ways to go green. Solar power is one of the most popular renewable energy options for homeowners, as it can help lower energy bills and shrink carbon footprint. However, the process of switching to solar power can be complicated. That’s where Shield Smart Homes comes in. As one of the best residential solar companies in the market, the company aims to help homeowners easily transition to solar power.

Shield Smart Homes is a local business out of Mount Holly, NC, specializing in solar energy. The team of energy experts at Shield understands that each customer’s needs are unique, which is why they offer customizable options in every solar plan they create to consider various factors, including energy needs, roof pitch, shade, and utility company metering programs. This allows them to design a plan specifically tailored to every homeowner’s needs.

One of Shield Smart Homes’ focuses is the needs of the homeowner’s location. They take into account the local conditions and adjust their technology and process accordingly, ensuring that the homeowner gets the best possible solar solution for their needs. In addition, Shield Smart Homes has their very own team of solar experts ready to help homeowners with any questions or concerns. On top of that, the company also has partnerships with the best local solar installers in the country.

Shield Smart Homes only utilize premium materials. The solar panels and inverters it installs are of the highest quality on the market. The firm also offers a variety of financing options to its customers with the understanding that going solar can be a big investment. Furthermore, it has an extensive array of solar panel systems to accommodate its clients’ unique energy and financial needs.

What sets Shield Smart Homes apart is their commitment to customer service and education. They believe that going solar should be a stress-free experience, and they work hard to make sure that their customers are informed and comfortable every step of the way.

Additionally, Shield Smart Homes offers a unique mySolar Concierge service, which provides each customer with a dedicated solar consultant who helps them customize their solar plan. This is a great option for those who want a more hands-on approach.

The company’s commitment to teaching and empowering homeowners about solar means they are constantly finding ways to improve the process of achieving sustainability. This has led to Shield Smart Homes winning recognitions for their service, including “The Best Company to Work For” and One of the Fastest Growing Companies.” In addition, the company’s history of 5 Star Service and fulfillment with integrity set them apart from competing Solar Vendors.

With Shield Smart Homes’ passion for the industry, solar energy is more accessible than ever, with little to no upfront expenditure required. Paying a hefty fee for solar panels or installation is no longer necessary. Most homeowners may start saving the moment they turn on their solar panels after partnering with the best solar installers that use cutting-edge technology. Furthermore, energy costs will remain stable or decrease as utility companies gradually raise their rates over time. Including all the savings from going solar with Shield Smart Homes, everyone can see the ROI like no other.

Making the switch to solar power is a major decision, but it doesn’t have to be a difficult one. With Shield Smart Homes, each individual and family can be confident that they are getting the best possible service and the most comprehensive solar plan for their home. 

Company Creation Machine Nobody Studios Proves to Be a Formidable Gamechanger in the Business Industry

Economic Insider Staff Economic Insider Staff on December 27, 2022

The acceleration of innovation and development in our traditional practices and concepts remained constant through the years. What used to take years can now take minutes. The same can be said for business. There is no more room for Plans A, B and C. Only those that are fully adaptive and ever-evolving can succeed. Nobody Studios is a company creation business hinged upon this belief of constant disruption and adaptation.

Nobody Studios’ one-of-a-kind business model allows involvement in three ways – contributing either talent, influence or capital. First, anyone can suggest or propose any creative business ideas they might have or be part of one of the new companies being launched by Nobody Studios. Anyone can also help by raising awareness and increasing the visibility of Nobody Studios and its established companies. Finally, anyone can also choose to invest in Nobody Studios to claim a stake across all launched companies. The crowd-infused nature of the business keeps it sustainable and constantly evolving.

This unique paradigm can only work because of the values that Nobody Studios upholds and aspires to. With the abundance of venture ideas, scrupulous standards and guidelines should be applied to companies at the seed stage to ensure that every cent is spent efficiently. The organization focuses on quick, educated decision-making to produce fast and reliable results. 

Nobody Studios has seen success because of the importance also being placed upon the people, primarily since the framework heavily relies on them too. They recognize that people are the core of the organization. Nobody Studios also emphasizes accessibility and inclusivity. Anyone can bring forth their ideas and skills and contribute whatever they can. Feedback is always encouraged. Everyone’s involvement and contribution are honored with absolute transparency. Transparency, together with the other meticulous measures in place, fosters trust between everyone involved, both internally and externally.

The new perspective that Nobody Studios presented has proved attractive, as evidenced by the number of talented people choosing to join the organization. As a result, nobody Studios has already launched more than five companies at incredible speed, with three more ready to be launched. As of September 2022, Nobody Studios already has fourteen companies in development and is actively discussing exciting new company ideas for 2023. Overall, their portfolio’s growth is exponential; as a result, the network of investors is also multiplying.

True to its fast-paced culture, Nobody Studios already has a few exciting things lined up for 2023. Nobody’s office crowdfunding campaign is scheduled to launch soon, further expanding the reach and network of Nobody Studios. Their mission is to build 100 compelling and profitable companies over the next five years. Founder and Chief Nobody, Mark McNally, writes, “We’ve been bestowed an opportunity to build a global company creation machine that can impact the lives of millions. We wake up every day with the dedication to honor this awesome opportunity.” This revolutionary undertaking that promises to change the field one company at a time offers a glimpse into a crowd-led and people-centered future in business. Watch this video to see Nobody Studios in action at their company launch last week.

Ramin Popal on Bouncing Back from Failure to Achieving Success as an Entrepreneur

Economic Insider Staff Economic Insider Staff on December 27, 2022

Failure is not something anybody wants to experience, but, in the world today, filled with many successful people, it comes as part of the package. Ramin Popal had his share of failure at an early age, but he has used it as a stepping stone to becoming successful and inspiring.

The 22-year-old entrepreneur failed early but failed forward as he turned around his story from being a broke college drop-out who had no idea what he wanted to do with himself to making his first million at the age of 21 and running a 7-figure company at the age of 22. Despite failing the way he did, the founder of Ecomm Sharks returned to the drawing board, visualized the life he wanted for himself and went at it with determination, doggedness and grit.

Ramin Popal lives the life of a hugely successful person as he now lives in penthouses, drives exotic cars, flies first class and knows the right words to inspire and motivate people. He uses his social media for a lot of good, connecting with people, dropping inspiring and motivational words and helping people improve their lives in different ways.

On his journey of overcoming failure and becoming successful, he faced numerous obstacles. In addition to those obstacles were his close friends and relatives doubting his abilities. He recalls: “That was the darkest point in my life, and that made things worse. It was bad enough that entrepreneurship was kicking me while I was down, but even worse were the people I loved not giving as little as a tiny dose of belief in my dreams. The only thing I did for myself was not let any of all that deter me as I focused on my journey and turning my situation around.”

Things changed significantly for Ramin Popal with his full commitment to the digital world and exploring the various ways he could make use of the endless opportunities it presented. E-commerce was becoming a thing, but he found himself deep in a hole when he applied the wrong strategy in his first attempt at e-commerce. He made the mistake of buying stock and ended up not selling all the products he bought. This was a learning curve for him as he took another path of drop shipping, which entailed getting customers for a product before purchasing it and shipping it to them. His growth from that point was astronomical, and he ended up evolving to become the e-commerce guru that he is today.

Ramin Popal has grown as a digital entrepreneur and mastered the art of developing businesses to keep up with customer behavior and trends. He’s a chief proponent of building a branded business and creating a business personality for anyone looking to thrive in the business world. He has dedicated himself to teaching people how to be the best in the business world and conquer the niche they find themselves. Ramin Popal has caught the attention of many successful entrepreneurs and has been featured on notable media platforms like Virgin Radio Dubai, which has hosted Gary Vee and many others. While he revels in and enjoys his success, Ramin Popal also takes his time to educate other people. His company, Ecomm Sharks, has been doing a great job in educating people and teaching them some of the most important strategies they need to succeed in the business world. As a mentoring platform, Ecomm Sharks guides its members on how to start and build successful e-commerce businesses. In Ramin’s world, there is no room for failure, and he strives to make that clear each time he talks to people about his journey.

“I want everyone to realize one thing – you can achieve anything that you put your mind to, and there is no limitation to how far you can go. Failure is necessary to succeed, so the more times you fail, the closer you get to success. Most importantly, work smart and never give up,” Ramin said. 

In the next few years, Ramin Popal is working on becoming one of the most successful entrepreneurs who share knowledge and tips to make others successful. “The least I can do is help other people get to the top, and I am trying to do that right now through my social media platforms and my company, Ecomm Sharks. I want to see young people win, and I hope they see my story and become inspired,” Ramin said. Growing from a young kid that no one believed in into becoming a guru in the business world is a turnaround no one expected. However, defying the odds is what Ramin Popal knows best, and every day he’s executing something new to show the world that he’s one of a kind.

Bringing a Unique Brand of Excellence to the Education Sector, Excel Mind Equips Students with The Right Tools for Success

Economic Insider Staff Economic Insider Staff on December 13, 2022

Getting into a prestigious university takes a lot of work. Most struggling learners find entrance exams to be extremely daunting. As a result, college admission results have dwindled to an unimpressive state in recent years. This is further exacerbated by the lack of support from the current educational system, forcing students to look for other means to finally get into their dream college. In most cases, it all boils down to preparation. Fortunately, Excel Mind has all the right tools to foster success for learners of all levels. 

Excel Mind is a renowned international company founded by the passionate educator Ms. Mosunmola Michael. The company provides tutoring and test preparation services for students all across the globe. In addition, Excel Mind offers a web platform that simulates examinations in real time. Thus, allowing students to experience what it’s like to take the exams beforehand, building their confidence and preparing them for the real deal.

Built with a team of experienced educators and tutors, Excel Mind provides tailor-made study plans and instructions that suit each student’s individual needs and demands. With Ms. Mosunmola Michael at the helm, Excel Mind has successfully assisted over 100,000 students in gaining admission to their dream colleges locally and internationally.

Excel Mind helps learners prepare for over 80 local, international and professional examinations through extensive practice and preparation. No matter the challenge, Ms. Mosunmola Michael and her team of educators have never backed down. Fully acknowledging that different kinds of students have different learning struggles, Excel Mind adapts its services to fit the capacities of each learner. 

Excel Mind has risen into global prominence by making a positive impact on the success of test takers all over the world. With a host of tutoring and test preparation services, the company has delivered tremendous results without fail, allowing it to build trust among a wide variety of satisfied clients.

Much of the company’s success can be attributed to Ms. Mosunmola Michael’s knowledge and experience in the field of education. Throughout the years, she has built a pristine reputation for helping students of all levels achieve their academic goals. Taking things a step further, Excel Mind harnesses Ms. Mosunmola’s tried and tested strategies and brings them up to speed in the modern technological age. 

Using the power of data and analytics, Excel Mind can seamlessly track each of its students’ progress, allowing its educators to cater to an individual’s learning capacities and fill the gaps in their knowledge. As a result, Excel Mind has been dubbed a dream maker in the educational industry, offering high-quality, affordable tutoring and test preparation services, with students singing high praises for the company’s much-needed services. 

For students who dread college admission exams, getting into their dream university is no longer as hard as it seems. Thanks to Excel Mind, learners have begun to unlock their full potential and finally feel confident in their capabilities. Ms. Mosunmola Michael has definitely cracked the code, allowing her to spread her advocacy for better education while helping students achieve the success they truly deserve. Excellence is all within arm’s reach, and Excel Mind has proven time and time again that it has what it takes to help everyone get there. 

 

Robertson Human Asset: A Point of Contact for Organizations Looking for the Right Top Talent

Economic Insider Staff Economic Insider Staff on November 19, 2022

Becoming an agent of change has everything to do with establishing the right mindset, and this is indeed what Robertson Human Asset is all about. Linda Robertson has first-hand experience with the struggles of corporations that did not have programs, processes, tools and partners to recruit top talent or support, train and retain their key contributors. Thus, launching Robertson Human Asset was her way of taking a step in the right direction toward connecting organizations with the right talents.

Since 2000, Robertson Human Asset has placed high-performing sales and management professionals into growing companies while providing business-to-business consulting solutions and services to assist them with revenue generation. In addition to these, Linda is also at the forefront of delivering coaching services to individuals and management teams to help them identify existing opportunities for growth and expansion. Her unique approach, which has contributed to her outstanding success, helps clients develop the right systems and processes and hire the right staff.

Robertson Human Asset recruitment services cover job roles like medical and dental Sales Representatives, VP of Sales, Regional Directors, Directors of Marketing, CEO, and various medical device sales leadership roles all over Canada and the United States. The company caters to clients with employee sizes between 30 and 300. “Our goal is to let our clients know that they need to think about hiring strategies to thrive and grow within the markets they serve. And this growth can only happen by working with the right company,” Linda said.

Linda’s passion for coaching candidates and helping them find roles that make them happy every day spurred her to build Robertson Human Asset. She makes sure to teach her candidates how to invest in their careers to achieve growth and success. “Investment goes beyond spending your money. The best investments often come in the form of time and effort. I always tell people to make learning a part of their daily routine. When people talk about professional development, they usually think of courses paid for by the company. But learning is more powerful if you’re doing it on your terms and enjoying it. I often recommend picking topics related to their career. They can listen to podcasts, attend seminars, take courses, etc.,” Linda said.

As the founder of a reputable company in the recruitment space and an expert career coach, she shares that the most important tip everyone should take seriously is to focus more on their strengths rather than their weaknesses. “Delegate your weaknesses if you can, or use tools and systems to help you in these areas and enhance and develop your areas of strength and mastery. They are your areas of genius and where you will be a success,” she said. The other important tips she shared include networking with mentors, inner circle, outer circle, loose acquaintances, and staying consistent and true to one’s career and personal goals.

Over the next few years, Linda sees Robertson Human Asset keeping up its high standards of recruitment services and career development assistance. The numerous positive results it has achieved for individuals and organizations are too significant to ignore, and plans are in place to keep those results up.

 

Athlete’s Thread Helps College Athletes Make Profit With Licensed Merch

Economic Insider Staff Economic Insider Staff on November 16, 2022

When the National Collegiate Athletic Association (NCAA) adopted a new policy allowing college athletes to make their own brands and profit from it, Luke McGurrin and Karthik Shanadi knew they had to step up and help athletes take advantage of the opportunity, hence the birth of Athlete’s Thread. 

Banking on their experience as founders of Greek House, a platform providing custom apparel to over 500 colleges built in 2013, McGurrin and Shanadi want to leave a massive impact in the collegiate licensing space. Their first venture was followed by the establishment of College Thread and, eventually, Threadly. Today, they aim to expand their services to student-athletes who want to launch their own businesses and help each one of them, not only the star athletes, make money from their name, image, and likeness, making it fast and easy for them to conceptualize their merch, produce enough supply, and reach online stores in no time. 

“While Athletes Thread is a new opportunity, this is ten years of experience leading us up to this point, and we’re ready to scale like crazy after refining and perfecting our technology,” said McGurrin. “The best part about this is helping tell the unique story of every student-athlete. We believe that if you’re a student-athlete, even if ESPN isn’t telling your story, you’re already a hometown hero and have a huge community behind you that would love to support you. What we really want to do is help all of these students realize how much they have accomplished and be the driving force to not only get their story out but help them be successful,” he added. 

Athlete’s Thread is taking an active role in uplifting the lives of student-athletes with customized apparel. The company’s solution provides its clients with the opportunity to showcase their personalities and tell their stories through their merch. The platform currently hosts over 2,000 athletes from 12 colleges, while 58 colleges are currently waiting to go live. Some of the athletes from the Athlete’s Thread family include Heisman Trophy winner Bryce Young and break-out athletes Jahmyr Gibbs, Jalen Milroe, and Trashon Holden from the University of Alabama. 

“We’ve found out how to take products, and athletes live in less than three days of getting signed on. Our platform has really simplified making officially licensed merchandise for both athletes and colleges,” said Shanadi. “Our mindset working with all these athletes, the colleges, and the athletic directors is to help them tell their story, but also make sure we are helping them be successful both on and off the field,” he added.

Over the few years, Athlete’s Thread aims to welcome over 8,000 athletes into its community and expand beyond merchandise and apparel.  

“It’s already complex enough being a student and athlete at the same time, so when you start hearing about licensing compliance and taxes, it can become overwhelming. So, there’s also a little bit of fear of the unknown and how do I do this safely,” said McGurrin. “So what we’re also trying to do is demystify the name, image, and licensing process and make it extremely easy for the athletes to where we’re essentially removing their risk,” he added.

Aiming to scale their company to become a leader in the sports merchandise industry, McGurrin and Shanadi are taking groundbreaking steps in assisting athletes with their branding ventures, becoming a solid force in providing athletes with a well-rounded boost using their name, image, and likeness. 

My Plan Keeper Protects Retirees Against Market Volatility

Economic Insider Staff Economic Insider Staff on November 16, 2022

In this era of economic volatility, finding a safe place to store one’s assets and finances can be confusing. Just recently, the S&P 500 was down 21.43% and the bond market, largely considered by many to be a “safer” option, was down YTD 15.79%. Equities market and bond markets have been down in quarters and months together but it’s more rare for them both to be down in annual returns. For many seniors in retirement or those already gearing up for it, this news is enough to send someone into a panic. My Plan Keeper is a company that helps people, especially seniors, protect their finances, as well as their life plans, from an economy that’s become too complex to understand.

My Plan Keeper was founded and is owned by Carla Garcia. As a financial advisor and relationship manager, Carla has spent the last 20 years serving a wide range of clients, including business owners, professional athletes, healthcare workers, government employees, and hardworking individuals. She spent a major part of her career working for Merrill Lynch and Citi Personal Wealth Management in the Miami and Fort Lauderdale markets, which allowed her to gain extensive experience with domestic and international clients.

“I built this company so that my clients no longer be confined to a small group of solutions and also to help clients build confidence and bring awareness to the importance of building a solid foundation to protect their existing plans by adding safe money strategies that a bank typically won’t offer them,” she said. “Being independent is truly a game-changer for me because I can now represent my clients 100%. I hope many advisors realize what a disservice they are doing to their clients by strictly offering what their institution has in inventory. Now I have hired experts in the field who give me access to not only a huge warehouse of solutions but to truly unbiased research, making sure I am offering our clients only the best that fit their needs.”

After mulling it over for some time, Carla decided to take a leap of faith and leave her six-figure job because she was fully dedicated to her new mission of giving clients the genuine security they needed. Today, My Plan Keeper Company offers honest advice and strategies backed by solid research so that clients can safeguard their financial and life plans and live the best possible life. Carla’s passion for helping her retirees drove her to learn the ropes and become certified to offer Medicare plans. She knew she needed to do so for clients to understand better and for them to avoid sales agents who focus more on getting money.

What makes My Plan Keeper stand out is its genuine mission to positively impact the retirement community. Unlike other organizations, they are not money managers. Instead, a Financial Keeper acts as an objective outsider so that clients can have the power to implement solutions and build a solid foundation for their plans. “I do not want to sit here and position myself as a financial advisor. I am a Financial Keeper, a retirement expert and a safe money strategist who has witnessed so many clients succeed and many fail. I am taking that wisdom and sprinkling it. My Plan Keeper will provide a positive impact socially for generations to come,” Carla shared. 

“The retirement planning community is very large, and there is a lot of competition and misinformation. Unfortunately, we are all built to believe in what we believe, so we get a lot of mixed opinions,” she said. Adding to her point, Carla emphasizes that sentiment and emotions drive market results, so financial planners and advisors often offer clients market-risk products to generate pay and revenue. “One thing we can not predict is when markets will stabilize, but when it comes to retirement, income is the pillar, and retirement income should not depend on portfolio returns,” Carla added.

Other organizations that aim to help retirees often neglect to protect their plans against market volatility, inflation, long-term care cost, sequence of return risk, taxes, and even Medicare.

Carla Garcia holds many licenses, including FINRA Series 7 and 66, as well as a CRPC® designation. Moving forward, she aims to develop her brand further and help thousands of new retirees with tools that will revolutionize how people plan and protect.

 

Fast Fire Watch Co., A Renowned And Reliable Service To Keep Your Home Secure

Economic Insider Staff Economic Insider Staff on November 14, 2022

As a business owner, one of your primary concerns is always the safety of your location. That is why it is essential to have a fire safety system that will sound the alarm in the event of an emergency and then turn on the sprinklers to prevent the spread of a fire. However, sometimes these systems fail for one reason or another. When that happens, you need to be able to rely on The Fast Fire Watch Co. to keep the area safe until the system can be repaired. This is where fire watch guards come into play. If you have never had to hire a fire watch guard service before then, you may not know what Fast Fire Watch Co does. Keep reading to discover what they are and how they can help keep your business safe in a fire. 

A fire watch guard is hired to oversee an area when the fire alarm system fails. For example, when the fire alarm goes off at a business, the first thing that happens is that all the employees must evacuate the building and lock the doors behind them so the fire doesn’t spread. Once the building has been evacuated, a fire watch guard is sent in to ensure that the doors remain locked and that the building stays free of smoke and fire damage until the fire department arrives. Fire watch guards by Fast Fire Watch Co are reliable and available for different events and industries, such as dispensaries, construction sites, commercial buildings, and special events.

At Fast Fire Watch Co., a fire watch guard’s main job is to ensure that the building remains safe and that no one enters or leaves while the fire alarm system is out of service. Once they arrive, they will ensure that all employees have safely exited the building and that all windows and doors are locked. When they enter your building, they will also check the hallways for smoke damage and ensure that the fire extinguishers are working correctly to prevent any fire.

After the fire trucks leave and the firefighters have left the premises, it is up to the Fast Fire Watch Guards to ensure that the building is secure. There is no chance of anyone reentering while the system is down. This is a dangerous job and one that someone with experience dealing with fires should only perform. Fast Fire watch guards are always vigilant to ensure that there is no danger to the people inside the building and that the building does not catch on fire while no one is there to prevent it from happening.

Before settling on a fire watch guard service, it is essential to understand the licensing requirements and ensure that they adhere to those standards. This will help to ensure that they can offer you the support you need when you need it most. At Fast Fire Watch Co., Our fireguards are licensed and trained to provide unmatchable service and a safe environment.

LaDeidra Stokes-Roberts Sheds Light on the Powerful Role of Passion in Helping Others Succeed and Rise Above

Economic Insider Staff Economic Insider Staff on November 4, 2022

Many believe that to become a successful person, one must work hard and be determined to pursue their goals. However, people are missing that grit and dedication can only be activated if one is genuinely passionate about their crafts. True enough, passion plays a powerful role in climbing the pinnacles of greatness. It serves as one’s driving force that transcends limitations, breaks barriers, and defies odds, transforming one’s vision into action. As someone who has turned her dreams into reality, thanks to her zealous spirit, LaDeidra Stokes-Roberts sheds light on the power of passion through her story of success.

“I hope my story can inspire others and enable them to understand what passion can do,” shared LaDeidra.

For as long as LaDeidra Stokes-Roberts can remember, she has always been fascinated by studying people’s minds and behaviors. This entrepreneur, mental health counselor, and children’s life coach have always believed that she can help people better by understanding the human mind and helping them enhance people’s strengths and deal with their weaknesses. On top of that, her mother, Richardean B. Stokes, also had a similar passion for helping others understand themselves, fueling LaDeidra to pursue counseling and social work. For this reason, LaDeidra began carving her own path and studied at South Carolina State University.

After finishing her studies at South Carolina State University, LaDeidra Stokes-Roberts continued to improve her craft by finishing a Master of Arts Degree in Human Services Counseling/Marriage and Family Cognate at Liberty University. She also holds a master of science degree in human services from Capella University. While working to obtain her third master’s degree in social work, LaDeidra has become a registered mental health counselor intern for the State of Florida.

The academic milestones that she has achieved have surely equipped LaDeidra Stokes-Roberts to be an expert in the field. However, being an expert only meant something to LaDeidra when she fulfilled her goal of helping others grow and succeed. For this reason, she decided to work on her passion-driven vision and breathe life into RBS Counseling & Educational Services, LLC and RBS Consulting and Training Services. 

Essentially, these institutions provide children and families with mental health, education, and life coaching services. They are designed to identify the individuals’ strengths and weaknesses and enhance one’s well-being throughout the sessions. The programs include fun and hands-on activities, as well as initiatives that are dedicated to giving back to the community. RBS also provides fidget boxes or bags that help those children who struggle with focus, stress, and anxiety.

By pursuing a passion-driven journey toward success, LaDeidra Stokes-Roberts has established institutions designed to help and enlighten children and families. In this dog-eat-dog world, LaDeidra believes that people need all the help they can get to live a happy and normal life. With no intentions of slowing down any time soon, LaDeidra hopes to continue materializing her vision while inspiring others never to give up on their passion.

 

To and From the Airport, TPA Shuttles Welcomes Florida Travelers to a Convenient Transportation Experience

Economic Insider Staff Economic Insider Staff on November 4, 2022

The beautiful Sunshine State is home to remarkable scenery and friendly people. It is known for being an amazing travel destination, but transportation services leave so much to be desired. No matter where they go, avid travelers from all over the world know the drudgery of finding convenient transportation that’s accessible, affordable, and, most of all, safe. Luckily, TPA Shuttles provides all of these amazing benefits in spades, giving travelers an exceptional transport option with its fleet of luxury Mercedes-Benz sprinter vans.

Founded by Ahmed Abuelenen, TPA Shuttles was initially conceptualized when he noticed the many pain points of his community’s transportation system. As a Florida local, Ahmed discovered the growing need for better transportation by experiencing the many challenges firsthand. Thus, he created an intuitive solution that would finally solve the longstanding issues once and for all.

Florida welcomes more than 100 million tourists and visitors each year, most of whom have to suffer through the lack of high-quality transportation options that are readily available. TPA Shuttles plays an important role in the ever-growing travel industry, providing high-quality transportation services going to and from Tampa International Airport (TPA) and Orlando International Airport (MCO). 

TPA Shuttles boasts a professional team of drivers who travel back and forth between Tampa International Airport and Orlando International Airport. The drivers make their runs 16 times a day on the daily, making sure no passenger is left behind. Apart from its reasonable $50 fixed rate, the shuttle service gives travelers the option to either make an online reservation or pay when they step into the company’s luxury Mercedes-Benz sprinter vans. 

TPA Shuttles provides faster, more convenient, and more affordable transportation services than ride-sharing apps, car rentals, or other services by other companies in the area. With its customer-centric approach, its dedicated team of drivers goes above and beyond expectations. 

In its efforts to serve every passenger to the best of its abilities, TPA Shuttles operates under extended hours to cater to customers traveling in the early mornings or late nights. The company currently offers eight trips each for Tampa International Airport and Orlando International Airport. Pick-up and drop-off are scheduled at two-hour intervals, and vehicles depart 30 minutes after arrival to give ample time for clients should there be possible delays. 

In the name of luxury and convenience, TPA Shuttles promises to maintain the same level of quality with each trip. The drivers have been rigorously trained to bring the best possible customer experience, no matter the conditions. For passengers unable to make an advanced reservation, TPA Shuttles provides them with available spaces and an option to use cashless payments on-site.

Each passenger is valuable to the TPA Shuttles team. Whether they may be boarding with children, service animals, or pets, the drivers will welcome everyone with open arms. With regards to maintaining the gold standard of the company’s services, drivers undergo a rigorous screening process to ensure that they can meet the requirements of quality, competence, knowledge, and friendliness that TPA Shuttles is known for.

TPA Shuttles also conducts regular inspections, maintenance, and vehicle repairs to guarantee the safety of its passengers. It is fully compliant with the CDC’s guidelines to stop the spread of COVID-19, training its drivers to sanitize each vehicle between rides. 

Ahmed Abuelenen’s brainchild has definitely become a travel staple within the Sunshine State. Many satisfied clients have voiced their positive experiences with TPA Shuttles, and the company’s success isn’t showing signs of slowing down any time soon. 

 

Industry Leader and CEO of Porcellan Co. Dr. Hisham El Seddik Leading a Successful Business Venture in the UAE

Economic Insider Staff Economic Insider Staff on October 12, 2022

Establishing a new venture and scaling for growth and expansion in the United Arab Emirates (UAE) can be challenging for many new and established business owners, and no one knows how to navigate this challenge better than the CEO of Porcellan Co., Dr. Hisham El Seddik. For over three decades, this thriving industry leader has helped scale several companies to tremendous growth, catapulting them to the top of their industry. He now aims to share his invaluable insight on leading a successful business and succeeding in the UAE.

Dr. Hisham El Seddik is a passionate leader with 18 years of exceptional track record in driving business growth and the esteemed CEO of Porcellan Co., one of the most prominent designers, manufacturers, and marketers of high-quality porcelain tiles in the Middle East and North Africa, based in Abu Dhabi, United Arab Emirates. 

As the CEO of the renowned international company, Porcellan, Dr. Hisham El Seddik has extended his unparalleled expertise and knowledge of the UAE market to implement efficient business strategies in all areas of business operations while keeping abreast of trends within the ceramic market inside and outside the Middle East, providing innovative insights into new product development to serve the company’s large-scale distribution channels, specialized dealers, retailers, and end-users. 

As a result of his dedication and astute business acumen, all products manufactured by Porcellan match the quality and aesthetic criteria of architects, interior designers, and homeowners, thus playing a pivotal role within the strong local and regional presence of Jamal Al-Ghurair Group (JAG) by decisively redefining the concept of porcelain tiles. 

On top of that, the power player is also a certified crisis and risk manager, an assistant professor in strategic management, and a holder of a doctorate in business administration with the ability and passion for developing the vision of all companies he directs and manages by triggering performance improvement while delivering growth. In addition, he is well-versed in managing highly engineered systems, which require a deep understanding of critical business drivers in multiple markets, seizing control of critical problem areas, and ensuring that the team delivers on customer commitments.

Before leading the team at Porcellan Co, Dr. Hisham El Seddik honed his vast managing directorship and entrepreneurial skills by successfully establishing companies in the field of Agriculture and Trading in Egypt. From scratch, he would later establish and build a world-renowned ceramics company in Egypt called Royal Ceramica, scaling the company from being a factory start-up to a successfully functioning facility. 

The brilliant entrepreneur optimized the company operations for tremendous growth, scaling the enterprise into a Fortune 500 company with over $56 million in revenue and a team of almost 2,000 employees. As a result, Royal Ceramica is now renowned as the second-largest ceramic company in the country, competing in regional and global markets. 

In the coming years, Dr. Hisham El Seddik remains committed to helping entrepreneurs or expatriates relocating to the UAE find their foothold in the corporate world, expand their network and make smart investment decisions that elevate and expand their businesses. 

How Thomas Berkley Built an ATM Business Empire

Economic Insider Staff Economic Insider Staff on October 11, 2022

People tend to take the convenience of an ATM for granted. Every day, millions of people use ATMs to dispense their money from banks that allow them to purchase goods and services. What many people don’t know is that ATMs can actually become a lucrative investment for business owners and aspiring entrepreneurs. Thomas Berkley knows this fact all too well, allowing him to build his seven-figure business by utilizing these ever-prevalent machines.

Thomas Berkley is a ten-year Air Force Veteran who is passionate about teaching and leading others. When he turned 18 years old, he enlisted in the Air Force to serve his country. There, he met his first business mentor, who would change the trajectory of his life forever. His mentor came from a small town back in Ohio, and they both clicked instantly due to their shared passion for business and helping others. 

Berkley’s mentor would then share some of his business knowledge with him, most especially about his long-standing ATM business. “He told me that an individual could own the exact same ATMs that banks did, minus the cute coat of paint. He took me under his wing and helped me start my own ATM business right out of the military, and everything skyrocketed for me from there,” fondly recalled Berkley. 

In 2018, Thomas Berkley took to social media to boost his platform and share his knowledge with an even bigger audience. He created his first YouTube video about how to start an ATM business. The video was a resounding success, gaining an overwhelming response from his audience. After that very first video, Berkley’s subscribers hounded him for more. 

Eventually, people started inquiring whether he could do everything for them for a fee. Thus, Thomas Berkley established ATM Freedom University to educate aspiring entrepreneurs on how to build, manage, and operate their own ATM businesses. The company also offers a “Done For You” service that allows clients to build a passive income without having to worry about the nitty-gritty details. 

Fast forward to today, ATM Freedom University has helped over 600 students build successful ATM businesses. The seamless hands-free process has allowed entrepreneurs to maximize their time and profits, putting their trust in the hands of the wildly successful Thomas Berkley and the knowledge he has amassed in the industry over the years.

Berkley has built a pristine reputation for himself in the world of business. He is a ClickFunnels Two Comma Club award winner for building a seven-figure company and runs multiple six-figure companies under his belt. In addition, he has a personal portfolio of over 50 ATMs across Ohio. He is also the esteemed founder and CEO of ATM Freedom University.

ATM Freedom University is a cut above the rest. There are no other companies out there doing it like they are. “We’re the only company that negotiates contracts for our students, and we’re the only ones who have techs all over the US that will install, program, and service clients’ machines for them,” shared Thomas Berkley. 

Ultimately, Thomas Berkley attributes much of his success to his relentless passion, business expertise, and unfettered determination. His love for teaching and leading others has led him to create financial freedom for those who have had the pleasure of working alongside him. There’s nowhere to go but up from here for the firebrand entrepreneur, and it’s extremely exciting to see how others have elevated their quality of life because of Thomas Berkley.

How Mihir Khedkar of the Centurion Pro Is Helping Aspiring Entrepreneurs Achieve Financial Literacy and Freedom

Economic Insider Staff Economic Insider Staff on October 10, 2022

With the current economic climate, financial literacy has become of paramount importance. Just a few months ago, the United States recorded all-time high inflation of 9.1%, a dire situation that affects all consumers. As a result, many are scrambling to have a good handle on their finances. Given this, one inspiring venture has made it its mission to guide clients in their quest for financial literacy and economic freedom: The Centurion Pro.

Since its inception in 2018, it has already served upwards of 20,000 individuals, putting them on a pathway to generational wealth. The firm helps clients with good credit secure funding, especially those who wish to start their very own businesses. “We offer Business Consulting Services – we teach people how to secure their own funding anywhere from $100,000 to $500,000 at 0% interest for two years from any bank,” the enterprise shared.

At the helm of this remarkable company is founder and CEO Mihir Khedkar. The esteemed entrepreneur is a financial expert with extensive experience in the field. He has a background in underwriting for some of the largest financial institutions in the world and has worked for various collections companies.

Eventually, he brought his unrivaled expertise and resources to help consumers and thus, The Centurion Pro was created. What makes the brand stand out is its impressive culture. As Mihir proudly shared, “We are a results-based company, and unlike most companies, we offer affordable prices for anyone who wants to level up their life. We are proud to say that The Centurion Pro is not like your typical average company. We prioritize clients over transactions.”

On top of that, the company has a streamlined process that makes the experience more effortless for its clients. “Our funding turnaround time is 1-2 weeks in most cases. Unlike other companies who take over one month to produce results and charge upfront, Our clients see results within 24-72 hours in most cases,” the founder explained. Not only that, but as a testament to his confidence in the enterprise’s ability to deliver, he offers a money-back guarantee.

When asked what pushed him to build such a community-focused venture, the visionary meaningfully responded, “What motivated me to build this brand was to escape the rat race and the 99% thinking that the only way to make good money was to get a good job.”

As someone who grew up in a working-class family, Mihir was constantly reminded that to become successful, he needed to get good grades, be at the top of the class, and get into a prestigious college.

However, he always felt out of place at school, so he decided to forge his own path and became a multi-millionaire at 22. Now, he wants to share his wisdom and knowledge with others who may have a similar dilemma as him through The Centurion Pro. 

Moving forward, the entrepreneur intends to continue building his network and work with more aspiring business owners, investors, and even everyday people looking to transition from corporate America to entrepreneurship.

Bertrand Competition

Economic Insider Staff Economic Insider Staff on September 30, 2022

What is Bertrand competition

Bertrand competition is a model of competition between two or more firms, where the companies create a uniform good and compete on price. Theoretically, this price competition leads to the companies selling their products at marginal costs and making no profit since the products are perfect substitutes. The result is also known as the Bertrand paradox, which was originally formulated by Joseph Bertrand in his competition essay of 1889.

Bertrand Competition is a situation when two or more firms sell an identical product and the firm that charges the lower price wins all of the customers. When Bertrand competition occurs, all firms are forced to set equal prices for their products so that they can be on equal level with their competitors. Firms trade off on expensive advertisement and try to get customers by low prices. With this system, firms make zero profits but keep going with hopes of earning profits in some time later in the future. Yet, the firms can not earn profits because they have to set the same price for their products since their products are perfect substitutes. Bertrand competition is a perfect competition leading to zero profits.

Model Assumptions

There are two assumptions in the Bertrand Competition Model. First of all, we assume that the companies are selling a homogenous product such as toothpaste. This means that the product does not have any differences between each other. Secondly, we assume that firms sell their products on a perfectly competitive market. This means that the market is very competitive and has many firms in it, which makes it easy for consumers to switch from one company to another one if they would find something better in some time later. This would give the firms a reason to set their prices lower. There are a lot of reasons that lead to perfect competition, but it all comes down to the fact that firms are competing among themselves and there is no outside influence.

Bertrand-Nash Equilibrium

Firms set their prices equal to marginal costs and experience a loss in the distinctive Nash equilibrium of the Bertrand competition model. Let’s try to figure out why this occurs. Assume that two businesses engage in price-setting competition while producing a homogeneous product at constant marginal costs, denoted by the symbol c. Customers choose the company with the lowest price because they see the products offered by the two businesses as exact equivalents. If businesses charge the same price, then we will assume that demand is shared equally.

If there are no fixed costs, the profit of firm I is calculated as i=(pic)Di(pi,pj), where Di(pi,pj) represents the demand encountered by firm I if firm I charges price pi and firm j charges price pj. The pricing of both firms’ products determine the demand Di(pi,pj) that firm I faces: 1. Firm I has no demand and earns no profit if it charges a higher price than firm j (pi>pj), which results in all customers choosing firm j. 2. All customers will purchase from firm I if firm j charges a greater price than it does (pj>pi), and firm I will benefit by i=(pic)D. (pi). 3. Demand is distributed equally between firms I and j if they charge the same price (pi=pj), and firm I earns a profit of i=(pic)12D. (pi).

So why do businesses, in an equilibrium market, set prices based on marginal costs? Imagine two companies—call let’s them Airbus (firm A) and Boeing (firm B)—produce the same passenger plane for 10 (million) US dollars in marginal expenses in order to better grasp this. Customers purchase goods from the business with the lower pricing. Let’s imagine Boeing demands a price that is 50 million dollars per plane (pB=50) or more over marginal costs. In this case, Airbus has three possibilities. The price it charges can be the same, higher, or lower. Because all clients would continue doing business with firm B, a higher price is obviously not very reasonable. When two businesses set the same price, they share the market’s demand equally and each earns a profit of i=(pc)D(pi)2=20D. (p).

If firm A charges less than pB, the utmost price it can set is 49.99 million US dollars, which is slightly less than firm B’s price in order to attract all clients. Now that the entire demand has been met, Airbus makes a profit of A=39.99D. (pA). If firm A charges a price that is just marginally less than firm B’s pricing, this profit is more than the shared profit at equal prices.

Naturally, though, if Airbus charges a price that is a little lower than Boeing’s, there will be no market for Boeing’s products and Boeing will lose all of its money. It can meet all demand and turn a profit by setting a price that is just a little bit lower than Airbus. To put it another way, each business seeks to undercut its rival’s price in order to satisfy all market demand. Only when charging less does lowering profits stop, which occurs when pricing is equal to marginal costs, does the motive to undercut the competition go. The other firm cannot reasonably charge a greater or lower price if the competitor prices at marginal costs.(At a price above the firm’s marginal costs, the firm has no clients; at a price below the firm’s marginal costs, it loses money.) This outcome is irrespective of the number of firms in Bertrand competition, which means that even if there are only two firms in the market, prices are equal to marginal costs and profits are zero (as in perfect competition).

 

Take a look at the image above for the optimum response functions of symmetric businesses in a Bertrand game. For a particular price p1, the blue line represents the best reaction function of firm 2 and the green line, the best response function of firm 1; pM stands for the monopoly price. If you look attentively, you can see that the green line, which indicates where both firms charge the same price when it is above marginal costs and below the monopoly price, is just below the 45-degree line. Firm 1 will charge a price that is marginally less than any price set by firm 2 during this time. This also applies to firm 2, of course. The ideal reaction functions are upward sloping since each company will raise its prices in response to a competitor’s increase in pricing. The unique Nash equilibrium of the game is represented by the junction of the two lines (the red dot). Firms are only playing a mutual best response at one time, and given the competitor’s price choice, no firm has an incentive to vary. This is the moment where the price equals marginal costs, as seen in the figure.

Ending Words

By this point, you should hopefully have a pretty good idea of what a Bertrand equilibrium is, what happens when prices are not in equilibrium and why firms set their prices equal to marginal costs when pricing. Although you might want to know what happens when one or more firms do not follow marginal costs, the whole point is this article is to help you understand the basic theory behind Bertrand competition. In the real world, it is hard to say whether or not businesses actually engage in price-setting competition since they are usually quite secretive about their internal operations. One thing we can be sure of, though, is that competition will be fierce in a free market where consumers and suppliers are completely free to act as they wish.

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Sources

Inomics,com

ECIPE, The European Centre for International Political Economy

Economic Insider Staff Economic Insider Staff on September 29, 2022

The European Centre for International Political Economy (ECIPE) is a non-profit policy research think tank. It was started in 2006 by Fredrik Erixon and Razeen Sally.

ECIPE operates in accordance with the ideals of an open society, one that upholds the customs and tenets of economic freedom and free trade. International trade, rules, digitalization, and other international economic policy concerns that are significant to Europe are the main topics of our work. We are a research-based think tank with the objective of delivering reliable economic and political analyses to decision-makers and observers. We have a diversity of member countries and other countries that are significant to trade and economic policy in the European Union (EU).

Organization and Supervision

ECIPE performs policy research and publishes articles, briefs, and books. We host seminars, conferences, and roundtable discussions on European and international trade policy, regulation, the Single Market, the digital economy, and globalisation.

ECIPE maintains a secretariat in Brussels and employs highly skilled experts who perform economic research and political analysis. We have a network of non-residential Associates and Senior Fellows and provide a platform for other centres and institutions to present their research in Brussels.

ECIPE is controlled by a Board of Trustees, which is in charge of general administration, policies, and is responsible for managing and administering assets in the organisation. The Board of Trustees comprises all major members of the organisation who have a seat on the Board. In order to ensure transparency and accountability, all major decisions require a majority vote by their members. The Chairman of the Board is elected by his fellow Trustees. The current Chairman is Fredrik Erixon, who is also currently the Director of ECIPE.

Areas of Focus

ECIPE works in accordance with the ideals of an open society, one that upholds the customs and tenets of economic freedom and free trade. International trade, rules, digitalization, and other international economic policy concerns that are significant to Europe are the main topics of our work. We are a research-based think tank with the objective of delivering reliable economic and political analyses to decision-makers and observers. We have a diversity of member countries and other countries that are significant to trade and economic policy in the European Union (EU).

TOPICS OF RESEARCH

ECIPE research covers the following topics: the effects of globalization, new forms of economic interdependence, transformation processes in the global economy, factors shaping economic prosperity, free trade and its alternatives. ECIPE also focuses on the European Union’s economy, trade policies, developments in the WTO, digital trade, EU-China relations and China’s new role in global governance.

What do we offer?

Policy papers – analysis of the main economic and political issues for international trade and European integration with the objective of increasing knowledge about Europe’s role within the multilateral trading system.

Methodological advice and training – support from ECIPE experts in order to improve the quality of economic evaluation.

Training Courses – training courses on topics related to international trade and globalization, EU trade policy, and WTO studies.

Knowledge transfer – ECIPE’s website offers a rich source of information about international trade and globalisation.

Working Papers – early drafts of the ECCIPE research reports are released as Working Papers. The main aim is to receive comments from external readers before finalizing the research report in order to enhance readability and improve the quality of the content.

Events – ECIPE organizes conferences, seminars and workshops with economic and political decision-makers as well as opinion leaders. In addition, ECIPE hosts an annual conference at the World Trade Organization’s headquarters in Geneva.

Workshops – ECIPE organizes workshops on topics such as the Economics of Trade Policy Development, WTO and the EU, “China goes global” workshop and more.

ECIPE offers a platform for critical discussions on the development of the international economic order in Europe. It has taken a lead in presenting research-based results that influence thinking about trade policy issues at both the EU and national level.

ECIPE has been acknowledged by other research institutes in Europe and around the globe as an independent and reliable source of economic and political analysis that aims to improve governance in international trade. In addition, ECIPE works as an intermediary between the academic community and European Union institutions, national governments, international organizations, business associations and other interested parties.

Financing

ECIPE is an independent non-profit think tank that develops innovative ideas and provides strategic advice to EU institutions, governments, business and opinion leaders. ECIPE is not affiliated to any political party. Its income comes from the following sources:

  1. Research projects and grants;
  2. Membership fees;
  3. Donations from non-EU countries and institutions;
  4. Donations from EU member states, business associations and other international partners; and
  5. Contributions for aggregated costs such as office space, travel expenses, translation costs etc.

ECIPE is an independent, non-profit and non-partisan think tank. We are driven by a strong mission to create new ideas for the betterment of our world.

The income from the above sources is used for research, the publication of reports, international events and conferences. ECIPE does not receive funding from EU institutions or member states.

Income from donations is used to cover aggregated costs such as office space, travel expenses, translation costs etc.

Contact details

Website: http://ecipe.org/
Address: Avenue des Arts 40, 1040 Brussels, Belgium
Country: Belgium
Sub-region: Western Europe
Phone: +32 (0)2 289 1350 Fax +32 (0)2 289 1359

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Cinnamon toast crunch crocs: Where to buy, price, and More details

Economic Insider Staff Economic Insider Staff on September 28, 2022

Cinnamon Toast Crunch for breakfast may be a delightful way to start the day, but your love of cereal should not stop there; it is now possible to extend it to your footwear. Recently, Crocs and General Mills collaborated to release a pair of clogs with a cereal theme, commemorating the beloved cinnamon-sugar treat in style. And these cushy sneakers are as enjoyable as a bowl of overflowing cereal.

Similar to their delicious cereal inspiration, the limited-edition Cinnamon Toast Crunch-themed crocs have a tan and white sugary swirling design. The all-terrain shoes also have a striped heel strap in the recognisable red, green, blue, and purple colours of Cinnamon Toast Crunch. The comfortable shoes are not just as satisfying to wear as the cereal, but they are also as versatile. The comfort of the shoes is apparent and undeniable; the foam material conforms to any foot shape, and can be worn throughout the day. For those times when you need some extra cushioning or support, you can appreciate that the Croslite foam material helps to break in your shoes with every step.

Some may say that a pair of cereal shoes are more appropriate for a child’s wardrobe than an adult. However, while they may look like they are made for a child, these shoes are cute, comfortable, colorful and fun. This makes them perfect for anyone who enjoys the taste of cereal and the playful design of a wild stallion with a tasty snack. Regardless of whether you enjoy eating cereal in the morning or whether you destroy your feet while working out in your new shoe, these shoes are bound to make your day more enjoyable than ever before.

Where to buy it:

The sneakers are offered both offline and online at Foot Locker, Champs Sports, and Eastbay.

what is the price?

These shoes are very reasonably priced, especially compared to other Crocs products. They may be more expensive than other Crocs shoes because they were made to be a pair of slippers, but they are still a quality product and will last for years. The retail price of these shoes is between $45 and $70 and are offered in kid’s and men’s sizes.

What Crocs had to say:

Whether you wear them to work or school, these shoes are sure to brighten your day. Similar to your favorite cereal, the Crocband Clog is sweet and delights the senses. The fun pattern and comfortable material represent the vibrant colours of Cinnamon Toast Crunch cereal. The sugary texture of the clogs adds a ‘crunch’ sound when walking in them, mimicking the sounds of cereal falling into an empty bowl.

When they were being designed, the designers were inspired by the simplicity of the cereal’s packaging. The packaging art is made up of bright, bold colours to catch your attention. As you can see, the designers succeeded in creating an artful design that satisfies the eyes as much as it satisfies the stomach. Perhaps this is why they were eager to work with General Mills and create a shoe that met your taste buds’ satisfaction just as well as it met your preference for comfort.

Why Crocs and General Mills collab:

It is no secret that General Mills is well known for their cereal products. They have been producing a large number of different cereals to target audiences of all different demographics. One such cereal is Cinnamon Toast Crunch and, according to the manufacturer’s website, this product has been enjoyed by customers since 1993. With a 22 year history, it should come as no surprise that General Mills seeks to create brand loyalty and encourage customers to purchase their products again and again.

As a company that produces footwear, Crocs was the ideal choice to collaborate with General Mills. They offer more than just a comfortable shoe, they provide the feeling of being on vacation and sleeping on your favorite blanket. In their own words, “It’s fun, it’s colorful and it’s comfortable”. This is entirely in line with the experience of eating Cinnamon Toast Crunch for the first time. More specifically, these shoes are very much like walking on clouds or swimming in a sea of marshmallows.

Marketing analysis:

The advertising campaign was created with a specific purpose in mind and was executed accordingly. Cinnamon Toast Crunch Crocs shoes were advertised through several different types of media. They were made to boost sales for both Crocs and General Mills, with the goal of attracting consumers from a variety of different markets. Specifically, the purpose was to add value and appeal to existing Crocs consumers by adding more value to their brand, while also providing a strong incentive for new customers.

The advertisements contained several different marketing messages, all of which are used to promote the idea that the shoes are made with the same care and quality as the cereal. One such message is “the same quality that goes into every box of Cinnamon Toast Crunch from General Mills is now in their Crocs”, but another says “now you can finally be one with your bowl of Cinnamon Toast Crunch”. The purpose of the advertisement is to inform, and convince people that the shoes are exactly as delicious as they appear.

why do we want to buy it?

Advertising was used to convince people that the shoes are just as delicious as they appear. The company wanted to show that the product was made with the same quality as the cereal itself, so this message was used heavily throughout the campaign. It sets a subliminal message that, no matter what else may be going on in a person’s life, if they have Cinnamon Toast Crunch Crocs on their feet, then everything will be okay. The messaging is meant to give consumers the feeling that their current problems will be resolved, and just as easily as it is with cereal, all they have to do is enjoy these new shoes.

Reviews:

Many consumers have had positive experiences with these shoes and have found that they are both comfortable and fun to wear. They have compared the shoes to being like walking on clouds, marshmallows, and even an air mattress. Their comfort level is so high that many people who have worn them claim to forget that they are wearing them. In fact, many people say that they could sleep in these shoes if they had the chance. Oftentimes, these sneakers can be worn throughout the day without needing any sort of discomfort relief or support.

One con is that they can be difficult to clean because of the variety of colours used in the design. Grease and dirt tend to stick to these shoes like glue. Additionally, because the shoes are made of rubber, they can be damaged by things like liquid, heavy objects, and sharp objects. If you take care of them correctly and treat them with respect, it is possible to get quite a few months out of them. If you do not clean or care for your shoes properly, however, it will only be a matter of weeks until they start to deteriorate.

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Stephanie Tourtellotte Playing a Notable Role in Solving Real Estate Challenges

Economic Insider Staff Economic Insider Staff on September 15, 2022

Real estate is one industry that has significantly changed many people’s lives with ease of use by streamlining the process of home buying. The convenience of searching for homes with the aide apps, to virtual home viewings and online loan applications, the process is no longer as daunting. 

 Many Real Estate professionals have built careers out of their passion for helping people through the homebuying process. Stephanie Tourtellotte, Our Southern California real estate expert with 23 years of experience, is one of those who are passionate about solving clients’ problems and making their lives significantly easier.

Stephanie Tourtellotte owner of Sterner Homes  has gained significant experience working with amazing clientele all over Southern California. She has also grounded herself as a key part of the community with her efforts toward fixing homelessness and her efforts to aid and relieve hunger. 

Over the years, Stephanie Tourtellotte has become an expert at efficient time management as she helps her clients solve their real estate concerns within the shortest time frames possible. “For our sellers, we have the ability in-house to pre-qualify the buyer, bringing offers to the table so that time is used efficiently. We help our sellers know in advance what they will be netting and letting go of any of the common buyer qualification trap doors that so often slow or stop a transaction. For our buyers, we do the homework ahead of time, completely pre-approving them so they can shop confidently and so that the sellers we present these great  offers to can confidently choose to work with us,” she said. 

We are currently in a sellers market, interest rates are back where they started pre-covid, yet based on historical data they are still considered low, but moving steadily upwards week by week.  The trend going into winter with the change in the rates indicates a cooling trend for home sellers, yet not a quick overnight shift over to a buyers market. Inventory is still on the low side. 

Sterner Homes caters to a vast range of clientele, from relocation specialists to VA buyers and sellers, first-time single-women homebuyers, young professionals, and upgraders. “We recommend to our clients the highest-impact home staging designs, based on our experience selling thousands of homes at no extra cost,” Stephanie said. The professionals at Sterner Homes take immense pride in their strong negotiation skills, creativity and willingness to pay attention to customers’ needs and end goals. Regardless of the number of steps each real estate transaction requires, the company pays utmost attention to the people it helps and takes care of their needs every step of the way.

Stephanie Tourtellotte’s drive is fueled by her desire to be an outstanding real estate professional. “I knew that I wanted to be better than everyone else and offer a more responsive, tailored experience for my buyers, sellers and mortgage clients. I also knew that not many agents would go the distance to help their clients overcome various obstacles that get in the way, and I just knew I could go the distance in helping clients with tailored plans to follow to realize their homeownership dreams,” she explained.

Her goal is to show each and every client, in every transaction, that they are highly valued. This is why she maintains utmost professionalism to keep them assured and seeking to with her and Sterner Homes over and over. “Reliability is important,  I strive to give every client the feeling that they are our top priority,” she shared.

Starbucks Timing: When Does The Starbucks Open And Close?

Economic Insider Staff Economic Insider Staff on September 9, 2022

Starbucks Timing– Starbucks is America’s favorite coffee shop and one of the most visited places in the world. It’s a place where teenagers relax after school, grab a quick breakfast before work, and for some, it’s even their only day in this week.

So, when does Starbucks open and close?

Starbucks is open Monday through Friday from 5:00 am to 11:00 pm depending on your location. On Saturday they open at 6:00 am and close at 10:00 pm. Sunday hours are 7:00 am until 10:00 pm. If you are unable to visit Starbucks on a particular day, they will still accept your order. As a customer you can visit Starbucks any time and purchase a beverage, but as a franchisee you have to follow the same hours of operation as the local municipality in which your store is located. Starbucks stores are also open in grocery stores. The hours for these locations will vary as well. It is important to check each store individually before planning a visit.

To check the operating hours of your local Starbucks check out their website https://www.starbucks.in/ or call them directly.

When Does Starbucks Close On Holidays?

Starbucks is open on all major holidays. They are closed on Easter Sunday and Christmas Day, but open on all other holidays including New Years Day. Although Starbucks is open on holidays, the hours of operation may vary slightly from the regular hours.

TIP: Check out the hours before you go to Starbucks. Many times you can find deals or sales on drinks, food, and other items. This can save you money and time on your next visit.
The Starbucks timing vary by state and city. However, it is very easy to find a Starbucks store open at the time that you need. You can check their official website:

You can also use the store locator from their website. Enter your city and state to find a Starbucks close to you.

Starbucks Timing – What is the best to time to visit Starbucks?

The best time to visit Starbucks is during the morning hours. At this time the store is filled with people who want to start their day or grab a coffee on their way to work. It’s also a great time for families because most children are either at school or preschool and the Starbucks stores are not crowded with teenagers and young adults who prefer to go out in the evening.

Does The Starbucks Offer Home Delivery ?

If you are looking for a way to enjoy Starbucks at your home, you don’t have to go out every morning. You can order for them and have them deliver it to your doorstep. This is a great convenience if you have a busy schedule. Many people enjoy this feature because they don’t have to worry about driving to Starbucks or having to find parking spaces. You can also order items from their menu when you are at home and enjoy it there.

This service is very popular for students and office workers who work late. You can have your favorite Starbucks products delivered to your door on a regular schedule.

Conclusion

I hope it helped you to know When Does The Starbucks Open And Close? Enjoy your favorite drinks, delicious treats and food in a convenient way. If you are interested in more articles visit our website daily. We are always ready to help you!

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Walmart Pharmacy Hours: When Does The Store Open And Close?

Economic Insider Staff Economic Insider Staff on September 8, 2022

It’s important to know the Walmart pharmacy hours for you especially if you are taking your medication on a regular basis. Some people forget to keep track of these hours and end up being in an inconvenient situation such as forgetting to pick up their prescription during the evening hours when the store is closed. However, there are certain times you can get your prescriptions filled so you don’t have to worry about it. Keep reading for Walmart pharmacy hours information.

When Does Wal-Mart Pharmacy Open?

The Walmart pharmacy hours are open the same hours at the store itself. The pharmacy department hours are Monday through Friday, 9:00 am to 9:00 pm and weekends (Saturday and Sunday) are 10:00 am to 6:00 pm. If you need a prescription before these times, you can always call your local Wal-Mart and ask an associate about getting your prescription filled early.

Walmart Pharmacy Hours on Saturday and Sunday:

The Wal-Mart pharmacy hours on Saturday and Sunday are from 10:00 am to 6:00 pm. However, if you’re close to the store and need your prescription filled, the store may be open longer than these hours. Always call the store before making a trip to the pharmacy if you need your medication earlier than these hours.

It is also important to note that Wal-Mart pharmacy hours are only from 9:00 am to 9:00 pm Monday through Friday. That is definitely something you need to keep in mind if you’re going for your prescription at a different store and do not want to wait until the pharmacy is open again.

Walmart Pharmacy Hours on Holidays

If you need a prescription filled on a holiday, make sure to call the Wal-Mart pharmacy hours before you head to the store. The pharmacy hours are different on some holidays such as Thanksgiving and Christmas. It’s important to know the Wal-Mart pharmacy hours for these days in case you need your prescription filled. You can find these hours online by checking the website for your local store.

Christmas Day – Closed
Thanksgiving – Closed
New Years Day – Limited hours
Easter Sunday – Limited hours
Christmas Eve – Limited hours

Walmart pharmacy hours may also vary on other holidays, such as the Fourth of July, Labor Day and Memorial Day. You may need to call ahead to the Wal-Mart pharmacy hours for these other holidays. As mentioned above, there are also certain days that are not listed on Wal-Mart pharmacy hours. On these days, you can call before making a trip to the store for your prescription.

Contact Walmart Pharmacy

If you need to contact Wal-Mart pharmacy during the store hours, you can always call the customer service number listed on the Wal-Mart pharmacy website. If you need to contact Wal-Mart pharmacy on a different day, such as during the holiday or for a prescription fill on another day, you can call toll free at 1-800-WALMART (1-800-273-3455).

What Is The Pharmacy Phone Number? (For Refills)

For Wal-Mart pharmacy refills, you need to call the number listed on the Wal-Mart pharmacy website. The number is 1-800-2-REFILL (1-800-273-3455) and is a toll free number. The customer service hours are Monday through Friday, 8:00 am to 9:00 pm, and Saturday and Sunday, 10:00 am to 6:00 pm.

How many Ways To Get Your Prescriptions From Walmart Pharmacy?

You have several different ways to get your prescriptions from Wal-Mart pharmacy. Here are some of the methods:

1) Using the Walmart App- The Wal-Mart app is available to download on the app store. Once you download the app, you can use it to make your regular pharmacy appointment as well as refill your prescriptions at a Wal-Mart pharmacy.

2) Going to the Walmart website- The Wal-Mart website has pharmacy information which includes the hours for the pharmacy. You can get your prescriptions refilled by signing into your account and enrolling your prescriptions, or you can do it in person at a store. You should call in advance to refill a prescription, especially if you need it filled early or on a holiday.

3) Calling the Walmart pharmacy- The Wal-Mart pharmacy number is 1-800-2-REFILL (1-800-273-3455). You can call this number at any time, but the hours are Monday through Friday, 9:00 am to 9:00 pm, and Saturday and Sunday, 10:00 am to 6:00 pm.

Walmart Pharmacy hours for the drive-thru pharmacy:

So, if you don’t want to walk inside the store to pick up your prescriptions, the drive-thru is a convenient choice. Wal-Mart Pharmacy drive-thru hours are:

Monday – Friday: 10:00 a.m. to 9:00 p.m.
Saturday and Sunday: 10:00 a.m. to 6:00 p.m.

Does The Walmart Offer Home Delivery ?

Yes, Walmart well offer home delivery service to your house. If you need your prescription in a hurry, the fastest and easiest way to get it is by ordering it online. You can also call the Wal-Mart pharmacy hours to talk to an associate about any questions you may have about a specific prescription or refill. It’s important for you to familiarize yourself with the Wal-Mart pharmacy hours for the drive-thru and phone number so you can get your prescriptions filled quickly.

CONCLUSION

The Walmart pharmacy hours are important to keep in mind, especially when you need your prescription filled earlier than the store hours. If you can call ahead, it will save you time and trouble. The Wal-Mart pharmacy hours are different for certain holidays, like Christmas Eve, Thanksgiving and Easter Sunday. The Wal-Mart pharmacy hours for these days are different from the store hours. You can also call to order if you need your prescription in a hurry and the drive-thru is an option.

If you have any questions about Wal-Mart pharmacy hours please feel free to contact us via our contact form. We will try our best to answer your questions in a timely manner.

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Nova Credit, Vesti, partner to accelerate financial inclusion for Nigerian Immigrants in the US

Economic Insider Staff Economic Insider Staff on September 2, 2022

NEW YORK, August 30, 2022 – Today Nova Credit, the world’s leading consumer-permissioned credit bureau, announced a partnership with Vesti, the finance app focused on alleviating barriers for Nigerians moving to the United States. The partnership will allow Vesti to leverage Nova Credit’s Credit Passport® to help approve more Nigerian newcomers for the new Vesti Card, which will provide a stepping stone for users to start building a U.S. credit profile upon arrival.

For more than half of recent U.S. immigrants, a top priority upon arrival is securing a credit card, according to a survey commissioned by Nova Credit. With more than 400,000 Nigerian-born immigrants in the U.S. today, many newcomers will face the same need for a line of credit upon arrival. Unfortunately, since credit profiles do not travel across borders, getting approved for a credit card as a newcomer is very challenging. 

The Vesti Card helps tackle the challenges that Nigerian immigrants, who are new to the U.S., face by providing them with financial solutions that make their relocation easier. With the support of Credit Passport®, a cross-border credit solution giving lenders access to consumer-permissioned credit data on new-to-country consumers, Vesti will gain access to the home country credit profiles of Nigerian immigrants, allowing them to evaluate and approve prospective card members even faster.

“Simplifying financial services for immigrants is at the core of our mission at Vesti,” said Olu Amusan, co-founder and CEO of Vesti. “With a similar mission of accelerating financial inclusion for underserved communities, we are super excited to work with Nova Credit to bring our missions to life for the betterment of Nigerian immigrants.”

“Vesti is doing some commendable work for the Nigerian and broader immigrant population, so the opportunity to partner with them was a clear next step for us,” said Misha Esipov, co-founder and CEO of Nova Credit. “With Credit Passport®, Vesti will now have access to the credit profiles of the thousands of Nigerian immigrants who seek opportunities in the United States each year, and even more new-to-country Nigerians will have the chance to start their life in the U.S. on stable financial footing thanks to the Vesti Card.”

To learn more about the Credit Passport®, visit: www.novacredit.com/business/credit-passport or reach out directly to connect@novacredit.com.

To inquire about a Vesti Card, visit: app.wevesti.com/creditcard

CONTACT:

Rachel Levy
V2 Communications on behalf of Nova Credit
novacredit@v2comms.com

Dan Lee on Building a Successful Real Estate Business Using Humorous Marketing Videos 

Economic Insider Staff Economic Insider Staff on August 10, 2022

Unconventional methods sometimes yield positive results in business, and often, implementing these methods can create a shift in how people approach business. Dan Lee ran his real estate business, Plum Property, in an unconventional manner, and six years later, it has become a thriving and well-known enterprise in Brisbane, Australia.

Established in his apartment with his best friend, Dan took business growth very seriously, and within the first 12 months in operation, they only met clients at cafes or the clients’ chosen locations. Dan started his company without a physical office, and none of his first few clients knew about this. So, rather than invest in flashy offices, Dan and his partner adopted an entertaining style of advertising and social media persona. This choice made all the difference and catapulted them to success over the last few years.

Like every other entrepreneur, Dan Lee and his partner experienced financial challenges in their second year of operation. With 12 employees, the company’s account was on the red end, and properties were not selling well. It took Dan borrowing money from a friend to pay salaries for a month, and with non-stop work, things improved after a while. The growth stage saw him take a leap of faith to get an office space for the company, and that was the defining moment that changed everything.

Dan believes in starting small to keep the fixed costs low while focusing on the more important task of making sales. “Clients don’t care about your flashy office; they care about service and results. Many clients like that you are a small business and are hustling to achieve your goals and are more willing to support you with their business. Treat your staff well and your best staff like heroes, engrain them in the business, and reward staff frequently for great results. Hold amazing team meetings, make them fun and motivating, celebrate the wins with everyone, celebrate anniversaries and birthdays and top performances,” he said.

Six years after it was established, Plum Property has grown its staff strength to 45 and is now the third largest real estate agency in Brisbane, Australia. “We have grown fast because of our investment in social media and our entertaining advertising style,” Dan explained. The company has been named a three-time industry finalist for the Largest Agency of the Year in Brisbane. Dan has been named twice as a finalist for the Industry Salesperson of the Year for all of his relentless efforts. Due to his entertaining marketing style of utilizing humor and digital technology, he was featured in a segment on the Today Show.

Since 2016, Plum Property has made over $1.5 billion in property sales, and Dan Lee has his sights set on achieving more milestones. Over the next few years, he sees Plum Property expanding nationally to every part of Australia and developing a new business model that will help real estate agents from all over Australia plug into a system that will enable them to work from anywhere.

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Munchiez Cannabis Founder Al Adebo Shares His Inspiring Journey

Economic Insider Staff Economic Insider Staff on August 9, 2022

The entrepreneurial journey is a road paved with success and failure. While several people give up at first sight of defeat. Some remarkable individuals convert these misfirings as sources of motivation and building blocks of success. As one of those whose losses drove them to realize their true potential. Al Adebo stands at the helm of Munchiez Cannabis.  

Munchiez Cannabis

Located in Ruidoso, New Mexico, Munchiez Cannabis is a cannabis superstore with one of the largest selections of premium medical. Recreational cannabis products ranging from exotics to mid-grade affordable options. The team has extensive experience in multiple cannabis ancillary businesses. It takes pride in providing the community with quality products and customer service. “We target the masses and not the classes,” a representative said.

At the helm of the successful enterprise is firebrand entrepreneur and go-getter Alalaye “Al” Adebo. Born and raised in Lagos, Nigeria, Al migrated to the United States in 2013, riding on an academic scholarship. However, he soon decided to leave school and leverage his background in Applied Mathematics to pursue the entrepreneurship route. It began his career in Automotive Sales at the age of 20. “I fell in love with the idea that you can eat what you kill. It not work hourly as all my friends did at that age,” he shares. 

By the time he was 21, the dedicated go-getter became respected in the game, rising through the ranks to become a sales manager for one of the most significant high-volume Nissan Dealerships in Dallas, Texas. Working at the dealership taught Al a lot about people and business. With his new-found knowledge, the thriving entrepreneur started a side hustle and established an eCommerce business, selling wireless charges and phone accessories in 2018. But unfortunately, his venture failed as he had no passion for it and no clear-cut goal. 

He continued his six-figure job at the dealership, but despite his substantial earnings, Al never stopped believing in his potential. He wanted to be a great leader and a successful entrepreneur and soon realized that the owners of the dealerships he worked for were just regular guys with a little bit of capital and a lot of effort. So, to bring his dreams to fruition, he became a student of his craft and spent hours learning. 

ATM business

In 2019, he started an ATM business by watching hundreds of YouTube videos. He funded his business with his savings and bought five ATMs. A relentless optimist, he quit his job at the dealership, prepared to give his all to his new enterprise and become rich overnight. Alas, he was in for a rude awakening. According to him, he called over 20,000 businesses and got rejected 90% of the time. He went broke and slept in his car several times, driving across the country from state to state as he tried to stay afloat in business during a global pandemic. Through it all, he never wavered, determined to ride out the obstacles and reach the pinnacle of success. 

With the few ATMs in dispensaries, the power player wanted to expand his reach, so he surveyed and found that high-traffic locations were missing customers due to high waiting times. While hustling ATMs, he was introduced to the Cannabis world and his brainchild Herbtech Kiosk was born. Leveraging his tech background, he gathered a team of hardworking individuals from all across the world using freelance apps Fiverr and Upwork to develop the Herbtech Kiosk, a new technology elevating customer experience in the cannabis world by providing self-ordering kiosks for dispensaries nationwide. 

He traveled cross country to showcase the revolutionary technology at trade shows from Cannacon in Oklahoma City, Chicago Cannabis Expo In Chicago, and Lucky Leaf Expo in Albuquerque, NM, to name a few. Herbtech Kiosk proved to be a game changer, and fast forward to 2022, Munchiez Cannabis Dispensary was born. After New Mexico passed the law to legalize recreational cannabis, Al began operations in the city. 

Determined to stand on the shoulders of giants and reach smashing success in the Cannabis industry, Al Adebo studied the industry and saw what the winners did compare to the others. “The results validated what I need to know. Put the customer first, and the sky is the limit,” he summarized. 

Jason Miller Serves as a Launching Pad for Small Businesses Through The Strategic Advisor Board

Economic Insider Staff Economic Insider Staff on August 3, 2022

With all the glory and grandeur, corporate behemoths have dominated several industries. Yet, while it may seem that these powerhouses have gained the upper hand, the fact remains that small businesses are just as capable. Unfortunately, however, few industry leaders and peers believe in their capacity. For this reason, Jason Miller, the esteemed founder of The Strategic Advisor Board, aims to address himself to the challenge of showing the world what small businesses are truly made of.

Contrary to what most people believe, small businesses have the capacity to catalyze change and impact lives. As a matter of fact, some of the most revolutionary entities in any industry come in small packages. Still, these small businesses are incapable of moving themselves even further because of the lack of guidance and resources. Believing in their unparalleled capacity to lead industries, Jason Miller establishes his brainchild, The Strategic Advisor Board, to successfully scale businesses from the ground up.

Launching pad

As someone with an overwhelming passion for serving as a launching pad for go-getters and dreamers across the globe, Jason Miller takes hopefuls to greater heights. His diligent efforts in scaling small-time businesses show that he prioritizes his client’s future over profit. Essentially, this seasoned CEO helps businesses create a passive income system while guiding them throughout their quest for success.

Specializing in project management, company growth, and strategic and organic implementation, it comes as no surprise how Jason Miller has become a go-to resource in growing businesses. As a matter of fact, he currently runs other companies, such as Miller & Company and more, as well as a full-service marketing and staffing agency. He also operates a government contracting branch, where different agencies of the US government can provide a hodgepodge of services.

With all that he specializes in, one of the most important aspects to Jason is valuing  the legacy you leave within your business. “In my opinion there is a big difference between a legacy and a footprint. When you leave a legacy it effects those closest to you that are immediate family. A footprint can be spread across the entire world.” Quotes Miller when asked about the importance of legacy. 

Apart from being an entrepreneurial marvel, Jason Miller is also a bestselling author in the realm of business. In fact, he was hailed as an international bestseller thrice. Currently, seven of his industry-shaking books have been featured at Barnes and Noble, as well as on Amazon.

Jason Miller featured

As a result of his accomplishments over the years, Jason Miller has been featured in multiple publications. Such as the Voyage Denver magazine, for being one of Colorado’s most inspiring companies. He has also been featured on Fox, Entrepreneur, ABC, NBC, CBS, and more. Proving worthy of his stellar reputation across the trade. Jason is also the creator of the famous Strategic Advisor Board podcast named War Room Round Table. Where he talks about business together with his co-host.

Although the milestones that Jason Miller has achieved over the years can be credited to his brilliance and hardworking attitude. He would not have reached impressive heights had it not been for his dedication to becoming every go-getter’s launching pad. “I want people to know that there is a firm that fights for small businesses across the globe,” shared Jason.

With no intentions of slowing down any time soon. Jason Miller seeks to expand the horizons of his promising entity to launch others even further. Specifically, he wants small businesses to unlock their greatness and go beyond, despite the odds stacked against them.