newslo--2020-03-27--How Instagram distracts student community

Social media networks and Instagram to be precise are here to stay however , despite their many benefits they have their own down fall which is usually reflected in our lives in the form of the negative effects they have on our lives .
The problem is even pronounced in the lives of millennials most of whom it happens are students .
Many teenagers are tempted to buy followers and likes on Instagram from webistes like https : //buytruefollowers.com/buy-ig-followers/ .
It is their personal choice but buying real followers is not against the guidelines .
It is amazing how Instagram @ @ @ @ @ @ @ pass information and all that but one challenge and perhaps the biggest challenge is that just like any other social network it can be addictive .
The challenge is worse for youngsters who instead of using their free time doing constructive things and spending huge amounts of time Perusing Instagram pages with no objective at all .
This leads to wastage of time which could otherwise be used to do homework or help in household chores .
In school with no regulation on the use of the internet of technology Instagram can actively @ @ @ @ @ @ @ Usually the internet knows not its users so if their there is not guiding policy regarding the use of phones or any electronic device in school student will get lured into signing in and even chatting with one another will classes are going on .
The situation is even worse in institutions of higher learning where internet limitations are minimal or do not exist at all .
Some students want more number of likes on Instagram and they take help of social media marketing services , which in turn wastes their time .
@ @ @ @ @ @ @ person has the right to check on their Instagram account for updates , so a student will log into their account hoping to check the updates and resume what he/ she was doing immediately afterwards .
Usually a 5-minute Quick check is good enough .
What people actually know is that give the luring and addictive nature of Instagram the 5 minutes time elapses , it is then extend to 10 , 30 and ends ups in hours worthy of time wasted just sitting on a computer or screen just scrolling through other @ @ @ @ @ @ @ the constant distractions that Instagram and other social media platform have negative affect the learning ability of a learner .
For instance , student who spend time surfing the internet while halfway listening to their teacher are likely to walk out the class full of latest and trending updates but zero knowledge gained in as far as learning is concerned .
Taking an example of higher education institutions , classes usually take 3 hours .
If a student waste 20 minutes looking at his screen that translates to 90 minutes which an hour @ @ @ @ @ @ @ addition a one minute of adjusting to the 90 minutes a simple calculation will show that the student waste nearly half of his/ her class room time on the social media .
Another is issue is abusing the network .
Where student use university or school computer accessing their accounts instead of using them for research or learning .
You will walk into a computer lab but then find that all computers available are occupied and the occupants are not using them to surf through their Instagram accounts .
There are many ways @ @ @ @ @ @ @ institutions need to implement strict policies that co troll the use of the internet in their institutions .

Social media networks and Instagram to be precise are here to stay however, despite their many benefits they have their own down fall which is usually reflected in our lives in the form of the negative effects they have on our lives. The problem is even pronounced in the lives of millennials most of whom it happens are students. Many teenagers are tempted to buy followers and likes on Instagram from webistes like https://buytruefollowers.com/buy-ig-followers/ . It is their personal choice but buying real followers is not against the guidelines.
How does Instagram affect student lives?
It is amazing how Instagram is changing lives; people get information pass information and all that but one challenge and perhaps the biggest challenge is that just like any other social network it can be addictive.
The challenge is worse for youngsters who instead of using their free time doing constructive things and spending huge amounts of time Perusing Instagram pages with no objective at all. This leads to wastage of time which could otherwise be used to do homework or help in household chores.
In school with no regulation on the use of the internet of technology Instagram can actively distract class room teaching. How? Usually the internet knows not its users so if their there is not guiding policy regarding the use of phones or any electronic device in school student will get lured into signing in and even chatting with one another will classes are going on. The situation is even worse in institutions of higher learning where internet limitations are minimal or do not exist at all. Some students want more number of likes on Instagram and they take help of social media marketing services, which in turn wastes their time.
How the distraction happens.
Usually every person has the right to check on their Instagram account for updates, so a student will log into their account hoping to check the updates and resume what he/ she was doing immediately afterwards. Usually a 5-minute Quick check is good enough. What people actually know is that give the luring and addictive nature of Instagram the 5 minutes time elapses, it is then extend to 10, 30 and ends ups in hours worthy of time wasted just sitting on a computer or screen just scrolling through other peoples lives.
In this way, the constant distractions that Instagram and other social media platform have negative affect the learning ability of a learner. For instance, student who spend time surfing the internet while halfway listening to their teacher are likely to walk out the class full of latest and trending updates but zero knowledge gained in as far as learning is concerned.
Taking an example of higher education institutions, classes usually take 3 hours. If a student waste 20 minutes looking at his screen that translates to 90 minutes which an hour and half wasted. Of course, addition a one minute of adjusting to the 90 minutes a simple calculation will show that the student waste nearly half of his/ her class room time on the social media.
Another is issue is abusing the network. Where student use university or school computer accessing their accounts instead of using them for research or learning. You will walk into a computer lab but then find that all computers available are occupied and the occupants are not using them to surf through their Instagram accounts.
There are many ways Instagram distracts learning to curb this problem institutions need to implement strict policies that co troll the use of the internet in their institutions.


newslo--2020-03-27--5 Signs It’s Time to Start Applying for Business Loans

Being a business owner is no small task .
Being the owner of a startup is an even more challenging endeavor .
There are several things that you need to think about on a daily basis , but none is more important than ensuring your business has the proper cashflow .
If you truly believe that a breakthrough is on the way , you need to make sure you have the financial support through a business loan .
But how can you tell when it ’ s time to apply for one ?
Here are the signs that it ’ @ @ @ @ @ @ @ loans for your company .
Consider all of these as you make your decision .
You might ’ ve thought when clicking on this article that all the “ signs ” were going to be negative signs .
Not at all !
In fact , the argument could be made that you need a business loan just as much when your company is seeing tremendous growth .
Of course , in a perfect world , your profits would be enough to cover the manufacturing of your products and give your company income .
@ @ @ @ @ @ @ to meet demand before those profits can come through .
That leaves an awkward time window where you have to be spending more money on manufacturing and distribution than what you ’ re making .
Going through that time window without a business loan is a risky venture .
It can cause your entire company to go into extreme debt .
To get started and provide your successful business with the proper loan , you can read this guide to a business loan requirement .
2 .
Finances are Stressing You Out Do @ @ @ @ @ @ @ wondering how you ’ re going to be able to afford the different things that you need for your business ?
Are you feeling overwhelmed by the constant tug to burn through more cash for your company ?
Many business owners make the mistake of compensating for their company ’ s lack of cash by going into their own pockets .
Simply put : you should never spend your personal money on your company .
There needs to be a line drawn between your personal and business income/expenses .
Rather , apply for @ @ @ @ @ @ @ business financial support that can be paid back in due time .
That support will help you to have the peace of mind that you seek .
You ’ ll be able to take your mind off of your company falling in the red at the end of every quarter .
Many business owners find that by using a simple boost via a business loan , their business grows that much faster .
Larger orders are important for your business .
They ’ re the type of order that every business owner prays @ @ @ @ @ @ @ night .
However , if you ’ re not careful then a few large orders can be a detriment to your company ’ s inventory .
Many people overlook the fact that a couple of big orders can eat away at your inventory faster than expected .
Most cases can be avoided with a proper inventory management system in place , but sometimes even that isn ’ t enough .
There are times where you ’ ll have to purchase more inventory on a whim .
If you ’ re afraid that a @ @ @ @ @ @ @ a product , then you need cash to purchase a large number of products for your inventory .
Applying for a business loan can help your business afford the upfront cost of purchasing your must-have inventory .
Then you ’ ll be able to pay that money back on a much more budget-friendly calendar for your company .
The next time that customer with the big orders comes through , you ’ ll be prepared to meet their demand and have plenty left for the other customers in your pipeline .
4 .
@ @ @ @ @ @ @ Putting Off Being a small business owner , especially the owner of a startup , means that you ’ re always looking for ways to trim the fat on your costs .
This means that you ’ ll find times where you ’ re temporarily cutting out essential needs ( such as personnel , IT services , software , etc . )
in order to stay in the green .
While that ’ s certainly admirable , it isn ’ t sustainable .
Eventually , you ’ re going to need to pour @ @ @ @ @ @ @ business back up to speed .
Receiving a business loan will help you place the money into necessary channels .
For example , it can help you purchase a customer relations management system that you desperately need to keep up with your growing number of clients .
5 .
You Want to Buy Out Another Business There might come an opportunity for you and your business to buy out a competitor and acquire their resources and clientele .
If that opportunity pops up , it ’ s highly unlikely that you ’ ll @ @ @ @ @ @ @ company and all its assets upfront .
Even if you do , you shouldn ’ t place all of your savings into one venture .
Instead , take a certain amount of your savings and then receive a business loan for the rest .
By doing so , it ’ s almost like you ’ re making payments towards a business with the advantage of gaining all it ’ s assets before you pay the loan off .
Applying for Business Loans : An Amazing Resource for Your Business Now that you ’ @ @ @ @ @ @ @ s time to start applying for business loans for your business , you might notice the amazing perks that it gives you .
Take the time to consider all of your options on loan lenders and find the one that makes the most sense for your company .
Be sure to browse our site for more business-related articles , as well as many other interesting topics .

Being a business owner is no small task. Being the owner of a startup is an even more challenging endeavor.
There are several things that you need to think about on a daily basis, but none is more important than ensuring your business has the proper cashflow.
If you truly believe that a breakthrough is on the way, you need to make sure you have the financial support through a business loan.
But how can you tell when it’s time to apply for one? Here are the signs that it’s time to start applying for business loans for your company.
Consider all of these as you make your decision.
1. Business is Booming
You might’ve thought when clicking on this article that all the “signs” were going to be negative signs. Not at all!
In fact, the argument could be made that you need a business loan just as much when your company is seeing tremendous growth.
Of course, in a perfect world, your profits would be enough to cover the manufacturing of your products and give your company income. But the reality is that you have to meet demand before those profits can come through.
That leaves an awkward time window where you have to be spending more money on manufacturing and distribution than what you’re making.
Going through that time window without a business loan is a risky venture. It can cause your entire company to go into extreme debt.
To get started and provide your successful business with the proper loan, you can read this guide to a business loan requirement.
2. Finances are Stressing You Out
Do you find yourself losing sleep at night wondering how you’re going to be able to afford the different things that you need for your business? Are you feeling overwhelmed by the constant tug to burn through more cash for your company?
Many business owners make the mistake of compensating for their company’s lack of cash by going into their own pockets.
Simply put: you should never spend your personal money on your company. There needs to be a line drawn between your personal and business income/expenses.
Rather, apply for a business loan that can give your business financial support that can be paid back in due time.
That support will help you to have the peace of mind that you seek. You’ll be able to take your mind off of your company falling in the red at the end of every quarter.
Many business owners find that by using a simple boost via a business loan, their business grows that much faster.
3. You’ve Had a Few Larger Orders
Larger orders are important for your business. They’re the type of order that every business owner prays for before they go to sleep each night.
However, if you’re not careful then a few large orders can be a detriment to your company’s inventory.
Many people overlook the fact that a couple of big orders can eat away at your inventory faster than expected. Most cases can be avoided with a proper inventory management system in place, but sometimes even that isn’t enough.
There are times where you’ll have to purchase more inventory on a whim. If you’re afraid that a big order will cut you dry on a product, then you need cash to purchase a large number of products for your inventory.
Applying for a business loan can help your business afford the upfront cost of purchasing your must-have inventory. Then you’ll be able to pay that money back on a much more budget-friendly calendar for your company.
The next time that customer with the big orders comes through, you’ll be prepared to meet their demand and have plenty left for the other customers in your pipeline.
4. You Have Needs You’ve Been Putting Off
Being a small business owner, especially the owner of a startup, means that you’re always looking for ways to trim the fat on your costs.
This means that you’ll find times where you’re temporarily cutting out essential needs (such as personnel, IT services, software, etc.) in order to stay in the green.
While that’s certainly admirable, it isn’t sustainable. Eventually, you’re going to need to pour money into those needs to get your business back up to speed.
Receiving a business loan will help you place the money into necessary channels. For example, it can help you purchase a customer relations management system that you desperately need to keep up with your growing number of clients.
5. You Want to Buy Out Another Business
There might come an opportunity for you and your business to buy out a competitor and acquire their resources and clientele.
If that opportunity pops up, it’s highly unlikely that you’ll have the amount necessary to purchase their company and all its assets upfront.
Even if you do, you shouldn’t place all of your savings into one venture. Instead, take a certain amount of your savings and then receive a business loan for the rest.
By doing so, it’s almost like you’re making payments towards a business with the advantage of gaining all it’s assets before you pay the loan off.
Applying for Business Loans: An Amazing Resource for Your Business
Now that you’ve seen several signs that it’s time to start applying for business loans for your business, you might notice the amazing perks that it gives you.
Take the time to consider all of your options on loan lenders and find the one that makes the most sense for your company.
Be sure to browse our site for more business-related articles, as well as many other interesting topics.


newslo--2020-03-26--10 Tips for Starting a Legit Home-Based Business This Year

Did you know that almost 70 % of the people who start small businesses in the U.S. start them in their homes ?
You should consider taking this approach to starting a small business if you ’ re thinking about trying to get one off the ground .
There are some things you can do to give your home-based business every chance to succeed .
By taking the right steps , you ’ ll put it in a position to grow so that you can eventually move it out of your home .
Here are ten tips for starting a @ @ @ @ @ @ @ .
Begin by Coming Up With a Great Home-Based Business Idea What exactly is your legit home-based business going to offer to the world ?
That ’ s the very first question you should ask yourself when you ’ re in the process of planning out your new business .
Maybe you ’ re going to make cakes , cookies , and other tasty treats for those in your community .
Or you ’ re going to offer virtual accounting services to those throughout your state .
Whatever the case , you should @ @ @ @ @ @ @ idea that you believe in .
If you ’ re not 100 % committed to your home-based business , there ’ s a decent chance it ’ s not going to enjoy the kind of success you want it to .
2 .
Create a Name for Your Business and Make It Official Once you have a great business idea in mind , go ahead and kick around some ideas for your business name .
Brainstorm with the help of family members and friends to come up with a name that you love @ @ @ @ @ @ @ out , you can go through the process of registering your business and making it an official entity .
Your business isn ’ t going to feel real to you until you do this and make it legit .
3 .
Put Together a Budget for Your Business You ’ re going to need to scrounge together at least a little bit of money to run your business .
Do that next so that you know how much money you ’ ll have to devote to your business .
If you don ’ @ @ @ @ @ @ @ your own savings account , you may have to borrow a little bit of money to get your business going .
You can take out a business loan or borrow money from family members and friends to get started .
4 .
Set Up a Spot in Your Home to Run Your Business Thinking about trying to run your home-based business from your couch ?
Please think again .
While there ’ s nothing wrong with working from your couch every now and then , you need to have a dedicated space for @ @ @ @ @ @ @ world , you ’ ll be able to create a home office to work out of all the time .
Keep track of any money that you spend on your home office as well as any ongoing costs associated with it .
There may be home office deductions you can use to lower your tax responsibilities later .
You ’ re not going to be the only home-based business in town .
There are going to be other businesses out there trying to do something similar to you .
Take a look at @ @ @ @ @ @ @ re bringing to the table .
Your goal should be to make your products and/or services better than or different than theirs so that your business stands out .
6 .
Identify Which Market Your Business Will Target In addition to checking out your competition , you should also figure out which market your home-based business is going to target with your products and/or services .
Are you going to go after : You should have a very clear target market in mind .
You might even want to sit down and sketch @ @ @ @ @ @ @ know who you ’ re going after with your home-based business .
7 .
Figure Out Which Specific Products and/or Services Your Business Will Provide Before starting a legit home-based business , you might have some ideas as far as which products and/or services your business is going to provide .
But you need to hone in and get as specific as you can with what your business will offer .
Write out a list of each and every product and/or service that your business will provide and think about how much you @ @ @ @ @ @ @ .
This will let your customers know what you have to offer , and it ’ ll also let you know how many products and/or services you need to sell every month to turn a profit .
If your business isn ’ t going to have a store or a commercial office that people can visit to obtain your products and/or services , a website is going to be an absolute must .
Over 40 % of small businesses these days get away with not having a website .
But you ’ re @ @ @ @ @ @ @ it with a home-based business that doesn ’ t have a physical location .
Work with a web designer to come up with a great website for your business .
You can use it to instill confidence in your customers by making a great first impression on them .
After you ’ ve set up a website , you can use it to market your home-based business .
But that shouldn ’ t be the only thing you use for marketing purposes .
You should build a marketing plan that will allow you @ @ @ @ @ @ @ business .
You can market your business by : • Hanging up flyers in your neighborhood • Setting up social media accounts and connecting with those in your community with them • Using guerrilla marketing to your advantage A great marketing plan will make people aware of your brand and get you off to a great start .
10 .
Focus on Getting Your Business to Grow You don ’ t want to run a home-based business forever , right ?
Of course not .
You eventually want to move your business into @ @ @ @ @ @ @ .
Get it there by emphasizing growth within your business .
Add new products and/or services to your website all the time and continue to market your business to get it to grow .
These Tips Should Help You Get Your Legit Home-Based Business Going There is nothing easy about running a legit home-based business .
You ’ re going to need to be as committed to it as you would be if you were opening a business with a storefront .
Use the tips found here to get your home-based business going @ @ @ @ @ @ @ allow you to build your business up and turn it into something you ’ re proud of .
Learn more about starting a small business by reading the other business articles on our blog .

Did you know that almost 70% of the people who start small businesses in the U.S. start them in their homes? You should consider taking this approach to starting a small business if you’re thinking about trying to get one off the ground. Check out how to get an LLC in Georgia in simpler steps from MoneyBrighter.
There are some things you can do to give your home-based business every chance to succeed. By taking the right steps, you’ll put it in a position to grow so that you can eventually move it out of your home.
Here are ten tips for starting a legit home-based business this year.
1. Begin by Coming Up With a Great Home-Based Business Idea
What exactly is your legit home-based business going to offer to the world? That’s the very first question you should ask yourself when you’re in the process of planning out your new business.
Maybe you’re going to make cakes, cookies, and other tasty treats for those in your community. Or you’re going to offer virtual accounting services to those throughout your state.
Whatever the case, you should begin by coming up with a winning idea that you believe in. If you’re not 100% committed to your home-based business, there’s a decent chance it’s not going to enjoy the kind of success you want it to.
2. Create a Name for Your Business and Make It Official
Once you have a great business idea in mind, go ahead and kick around some ideas for your business name. Brainstorm with the help of family members and friends to come up with a name that you love.
After you have something great picked out, you can go through the process of registering your business and making it an official entity. Your business isn’t going to feel real to you until you do this and make it legit.
3. Put Together a Budget for Your Business
You’re going to need to scrounge together at least a little bit of money to run your business. Do that next so that you know how much money you’ll have to devote to your business.
If you don’t have enough money saved up in your own savings account, you may have to borrow a little bit of money to get your business going. You can take out a business loan or borrow money from family members and friends to get started.
4. Set Up a Spot in Your Home to Run Your Business
Thinking about trying to run your home-based business from your couch? Please think again.
While there’s nothing wrong with working from your couch every now and then, you need to have a dedicated space for your home-based business. In a perfect world, you’ll be able to create a home office to work out of all the time.
Keep track of any money that you spend on your home office as well as any ongoing costs associated with it. There may be home office deductions you can use to lower your tax responsibilities later.
5. Start Scouting Your Potential Competition
You’re not going to be the only home-based business in town. There are going to be other businesses out there trying to do something similar to you.
Take a look at your competitors and see what they’re bringing to the table. Your goal should be to make your products and/or services better than or different than theirs so that your business stands out.
6. Identify Which Market Your Business Will Target
In addition to checking out your competition, you should also figure out which market your home-based business is going to target with your products and/or services. Are you going to go after:
Teenagers
College-aged adults
Middle-aged people
The elderly
You should have a very clear target market in mind. You might even want to sit down and sketch out your ideal customer so that you know who you’re going after with your home-based business.
7. Figure Out Which Specific Products and/or Services Your Business Will Provide
Before starting a legit home-based business, you might have some ideas as far as which products and/or services your business is going to provide. But you need to hone in and get as specific as you can with what your business will offer.
Write out a list of each and every product and/or service that your business will provide and think about how much you’re going to charge for them. This will let your customers know what you have to offer, and it’ll also let you know how many products and/or services you need to sell every month to turn a profit.
8. Design a Website for Your Business
If your business isn’t going to have a store or a commercial office that people can visit to obtain your products and/or services, a website is going to be an absolute must.
Over 40% of small businesses these days get away with not having a website. But you’re not going to be able to do it with a home-based business that doesn’t have a physical location.
Work with a web designer to come up with a great website for your business. You can use it to instill confidence in your customers by making a great first impression on them.
9. Build a Marketing Plan for Your Business
After you’ve set up a website, you can use it to market your home-based business. But that shouldn’t be the only thing you use for marketing purposes.
You should build a marketing plan that will allow you to get the word out about your business. You can market your business by:
Hanging up flyers in your neighborhood
Setting up social media accounts and connecting with those in your community with them
Using guerrilla marketing to your advantage
A great marketing plan will make people aware of your brand and get you off to a great start.
10. Focus on Getting Your Business to Grow
You don’t want to run a home-based business forever, right?
Of course not. You eventually want to move your business into a commercial building where it can thrive.
Get it there by emphasizing growth within your business. Add new products and/or services to your website all the time and continue to market your business to get it to grow.
These Tips Should Help You Get Your Legit Home-Based Business Going
There is nothing easy about running a legit home-based business. You’re going to need to be as committed to it as you would be if you were opening a business with a storefront.
Use the tips found here to get your home-based business going at the beginning. They’ll allow you to build your business up and turn it into something you’re proud of.
Learn more about starting a small business by reading the other business articles on our blog.


newslo--2020-03-26--IT Cost Reduction: 5 Effective Ways to Slash Your Budget

Do you love over-spending your money ?
Exceeding your budget every month ?
Is your business budget being eaten up by spiraling IT costs that you just can ’ t seem to get a handle on ?
You ’ re not alone .
Global businesses spent over $ 3,8 trillion on IT infrastructure in 2019 .
As a general rule-of-thumb , small-medium businesses should not be spending more than 6 % of their revenue on IT .
So if you ’ re looking for IT cost reduction tips , find them in this blog .
Practical Tips to Help With @ @ @ @ @ @ @ best ways to implement an IT cost reduction strategy is by publishing a metric your employees can understand each month .
This is a way of celebrating cost-cutting initiatives by physically showing and celebrating the savings you have made each month .
Here are some tips to help you achieve these cost-cutting wins : Many business owners may be under the impression that they ’ re saving money by hiring contract workers , rather than hiring full-time employees .
But this is not always the case as these costs can quickly spiral out-of-control @ @ @ @ @ @ @ ’ t keeping close tabs on outsourced IT work .
So , do a thorough assessment of the current state of outsourced work and how much flexibility you have when cutting these costs .
Publish an account of the number of freelance workers you have and assess who is really important .
Take note of the amount of overtime your contractors work and what their rates are .
This is generally quite a high expense , so it may be worth implementing a limited over-time rule where possible .
2 .
Make the @ @ @ @ @ @ @ completely revolutionized data storage and the function of software services today .
Now is the time to make the most of this technology .
There ’ s no need to run and maintain an elaborate IT infrastructure yourself .
Rather , outsource this to a cloud service provider who can tackle this all for you .
Cloud storage is not only efficient but reliable and cost-effective in the long-run .
Leave your accounting , web hosting , and IT infrastructure maintenance in the hands of a cloud-based service for an affordable monthly rate @ @ @ @ @ @ @ software licensing costs businesses an absolute fortune .
Take some time to go through the software licensing of your business and trim the fat where possible .
Software agreements are usually re-negotiated over time .
This means that their new costs provide the perfect opportunity to move away from certain software altogether .
Take a look at expensive software that is being used for small functions , too .
Is it really necessary and can you move to another cost-effective solution instead ?
Check out this netsuite pricing guide for more .
Where @ @ @ @ @ @ @ applications on cheaper devices , your business should implement this .
In short , try to downscale your server hardware by linking up powerful PCs .
This tends to work just as well as mid-range servers and can drastically cut your hardware overheads .
5 .
Go Green in Your IT Office A great way to scale back on costs that add up on a daily basis is by implementing a ” greener ” office environment .
Start by scrapping the use of paper — make use of Google docs and other sharing @ @ @ @ @ @ @ the need for stationary in general by digitizing your workflow .
Don ’ t just throw out old electronics , donate them to charity or a nearby school .
By improving your carbon footprint you are also saving money through tax write-offs .
Find Business and IT Advice at Your Fingertips We hope this blog on IT cost reduction has left you with some inspiration to turn your finances around .
If you ’ re looking for further business advice , we offer topics on accounting , cybersecurity , marketing , branding , @ @ @ @ @ @ @ brush up on your business knowledge today .

Do you love over-spending your money? Exceeding your budget every month?
Is your business budget being eaten up by spiraling IT costs that you just can’t seem to get a handle on? You’re not alone. Global businesses spent over $3,8 trillion on IT infrastructure in 2019.
As a general rule-of-thumb, small-medium businesses should not be spending more than 6% of their revenue on IT. So if you’re looking for IT cost reduction tips, find them in this blog.
Practical Tips to Help With Your IT Cost Reduction
One of the best ways to implement an IT cost reduction strategy is by publishing a metric your employees can understand each month. This is a way of celebrating cost-cutting initiatives by physically showing and celebrating the savings you have made each month.
Here are some tips to help you achieve these cost-cutting wins:
1. Carefully Assess Your Contractor Needs
Many business owners may be under the impression that they’re saving money by hiring contract workers, rather than hiring full-time employees. But this is not always the case as these costs can quickly spiral out-of-control. Especially if you’re aren’t keeping close tabs on outsourced IT work.
So, do a thorough assessment of the current state of outsourced work and how much flexibility you have when cutting these costs. Publish an account of the number of freelance workers you have and assess who is really important.
Take note of the amount of overtime your contractors work and what their rates are. This is generally quite a high expense, so it may be worth implementing a limited over-time rule where possible.
2. Make the Most of Cloud Technologies
Cloud technology has completely revolutionized data storage and the function of software services today. Now is the time to make the most of this technology.
There’s no need to run and maintain an elaborate IT infrastructure yourself. Rather, outsource this to a cloud service provider who can tackle this all for you. Cloud storage is not only efficient but reliable and cost-effective in the long-run.
Leave your accounting, web hosting, and IT infrastructure maintenance in the hands of a cloud-based service for an affordable monthly rate.
3. Decommission Software Licenses Where Possible
It’s no secret that software licensing costs businesses an absolute fortune. Take some time to go through the software licensing of your business and trim the fat where possible.
Software agreements are usually re-negotiated over time. This means that their new costs provide the perfect opportunity to move away from certain software altogether.
Take a look at expensive software that is being used for small functions, too. Is it really necessary and can you move to another cost-effective solution instead? Check out this netsuite pricing guide for more.
4. Opt For More Cost-Effective Hardware
Where there is an opportunity to run your applications on cheaper devices, your business should implement this.
In short, try to downscale your server hardware by linking up powerful PCs. This tends to work just as well as mid-range servers and can drastically cut your hardware overheads.
5. Go Green in Your IT Office
A great way to scale back on costs that add up on a daily basis is by implementing a ”greener” office environment. Start by scrapping the use of paper — make use of Google docs and other sharing apps and platforms. Try to reduce the need for stationary in general by digitizing your workflow.
Don’t just throw out old electronics, donate them to charity or a nearby school. By improving your carbon footprint you are also saving money through tax write-offs.
Find Business and IT Advice at Your Fingertips
We hope this blog on IT cost reduction has left you with some inspiration to turn your finances around.
If you’re looking for further business advice, we offer topics on accounting, cybersecurity, marketing, branding, and more. Explore this website and brush up on your business knowledge today.


newslo--2020-03-31--6 Niche Marketing Examples Worth Replicating at Your Own Business

Niche marketing is one of the most powerful tools any business can have .
Many small businesses think they can ’ t compete with the juggernauts of their field , but niche marketing brings creativity in as a weapon of choice .
How does niche marketing work ?
What tactics show promise ?
Today we ’ ll go over 6 niche marketing examples and the brands that made them potent .
Let ’ s see what can make your business soar !
Catering to a small audience is niche marketing in a nutshell .
Now a thriving business , Lefty @ @ @ @ @ @ @ how to push a very niche market and dominate a new section of the market .
Lefty ’ s caters to left-handed supplies , which is only 10 % of the population .
This may seem small , but this section has almost no competition , meaning that 10 % is potential customers for Lefty ’ s , which is huge .
The Middle Finger Project is a business advice and marketing firm .
Their unique twist ?
Catering only to female business owners who look to buck the male-dominated market .
By @ @ @ @ @ @ @ market trend , you can carve a new path right into the unknown .
This pioneer status can get you first stab at anyone eager for a new angle in your market .
Sometimes a problem gets overlooked and taking advantage of it can help you find a niche that fits .
Bonobos did that exact thing with men ’ s pants .
Finding a problem with no current solution is a great place for business !
This can often come from personal struggles , which can put an extra layer of passion @ @ @ @ @ @ @ now a household name , but it wasn ’ t always this way .
They saw a burgeoning trend for healthy and organic food and planted their flag before anyone else .
They pushed this unique valley with creative content and a real understanding of the untapped market .
Many followed , but few saw the future like Whole Foods .
5 .
Using Tech to Get Ahead – Square Square founded its business on a lack of a specific technology .
Many small entrepreneurs had no strong way to receive payments , @ @ @ @ @ @ @ could take credit cards .
This technology became a huge boon , showcasing that innovating technology within underserved markets is huge !
All of these niche market trends contain great tactics on how to find a new way to focus on marketing .
What do they do when they get to work and start marketing ?
Pay-Per-Click campaigns are a huge part of marketing .
They are the digital equivalent of a billboard , taking up space and directing to a specific website when clicked .
How does niche marketing use this to @ @ @ @ @ @ @ a niche !
If you are an HVAC company , you want to hyper-focus your adds to come up for specific items , like people in need of a new heating system or common air conditioning maintenance .
Any business can learn from this example , so learn more about optimizing hvac ppc campaigns for success !
These niche marketing examples are a strong show of what a little creativity and marketing can do !
All of these businesses have found success in pursuing unknown options .
To find your own niche market @ @ @ @ @ @ @ to keep up on the world of business and finance .
Check out our other articles on the subjects today !

Niche marketing is one of the most powerful tools any business can have. Many small businesses think they can’t compete with the juggernauts of their field, but niche marketing brings creativity in as a weapon of choice.
How does niche marketing work? What tactics show promise? Today we’ll go over 6 niche marketing examples and the brands that made them potent.
Let’s see what can make your business soar!
1. Finding a Small Audience
Catering to a small audience is niche marketing in a nutshell. Now a thriving business, Lefty’s is a great example of how to push a very niche market and dominate a new section of the market.
Lefty’s caters to left-handed supplies, which is only 10% of the population. This may seem small, but this section has almost no competition, meaning that 10% is potential customers for Lefty’s, which is huge.
2. Bucking the Usual Trends
The Middle Finger Project is a business advice and marketing firm. Their unique twist? Catering only to female business owners who look to buck the male-dominated market.
By acting as a counter-culture to a common market trend, you can carve a new path right into the unknown. This pioneer status can get you first stab at anyone eager for a new angle in your market.
3. Tracking a Unique Problem
Sometimes a problem gets overlooked and taking advantage of it can help you find a niche that fits. Bonobos did that exact thing with men’s pants.
Finding a problem with no current solution is a great place for business! This can often come from personal struggles, which can put an extra layer of passion to the project.
4. Shifting Market Trends
Whole Foods is now a household name, but it wasn’t always this way. They saw a burgeoning trend for healthy and organic food and planted their flag before anyone else.
They pushed this unique valley with creative content and a real understanding of the untapped market. Many followed, but few saw the future like Whole Foods.
5. Using Tech to Get Ahead – Square
Square founded its business on a lack of a specific technology. Many small entrepreneurs had no strong way to receive payments, so Square made a smartphone attachment that could take credit cards.
This technology became a huge boon, showcasing that innovating technology within underserved markets is huge!
6. Feeding Niches With PPC Campaigns
All of these niche market trends contain great tactics on how to find a new way to focus on marketing. What do they do when they get to work and start marketing?
Pay-Per-Click campaigns are a huge part of marketing. They are the digital equivalent of a billboard, taking up space and directing to a specific website when clicked. How does niche marketing use this to their advantage? By exploiting keywords for a niche!
If you are an HVAC company, you want to hyper-focus your adds to come up for specific items, like people in need of a new heating system or common air conditioning maintenance.
Any business can learn from this example, so learn more about optimizing hvac ppc campaigns for success!
Exploring Niche Marketing Examples and More
These niche marketing examples are a strong show of what a little creativity and marketing can do! All of these businesses have found success in pursuing unknown options.
To find your own niche market and unique business paths, you need to keep up on the world of business and finance. Check out our other articles on the subjects today!


newslo--2020-03-31--Business Protection 101: How to Protect Your Business from Lawsuits & Injury Claims

Every year businesses fork out hard-earned cash as a result of lawsuits .
With more Individuals becoming more aware of the law and their rights , you have to protect your business from being the center of a lawsuit .
As a business owner , you may face lawsuits from clients , employees , and vendors .
It ’ s important to know how to protect yourself when the threat of a lawsuit arises .
In some instances , the individual filing the suit against your company or threatening to do so is hoping that you ’ ll agree to @ @ @ @ @ @ @ avoid these as well as to know how to properly handle a lawsuit you need to be aware of business protection strategies .
Getting sued can damage the reputation of your company .
Continue reading to learn about useful business protection strategies .
Types of Lawsuit that Your Business Could Face There are several types of lawsuits that a business can face .
This means you need to have knowledge of each of them so that you don ’ t get caught up in them .
Let ’ s take a look .
@ @ @ @ @ @ @ your client ’ s injuries due to a fault that occurred during production .
Your client could then sue you for the injuries that they have sustained .
Due to negligence on an employee ’ s part , your customer or another employee could slip on a wet floor .
If you had no wet floor signs on display , a customer can then sue you for negligence and damages .
If you fail to properly secure your property and it results in an employee or a client being assaulted or even killed @ @ @ @ @ @ @ face a lawsuit for negligence .
If in the process of carrying out duties on behalf of your business your employee injures someone you may be sued .
Since the employee was representing your company , that could result in a lawsuit against you .
You should also consider that if an employee is injured on the job or while doing work-related activities then you ’ ll be responsible for wages and medication .
These are normally covered in your workers ’ compensation insurance policy .
If not , then that ’ s @ @ @ @ @ @ @ if you fail to honor the terms outlined in a contract between you and another partner then they can file for damages .
These are just a few of the lawsuits that could be levied against you .
Here is a shortlist of the others that are not often discussed .
Based on the laws of your state , cases with damages between $ 3,000 to $ 10,000 will be tried in a small court .
Those with higher damages will more than likely go to a state court .
If federal law @ @ @ @ @ @ @ matter will be dealt with in a federal court .
Now that you have an understanding of the types of lawsuits that you could possibly face as well as which court the matter could be tried in , let ’ s look strategies that you should use to protect your business against lawsuits : Extraordinary customer service is crucial in avoiding lawsuits .
Always ensure that your customer service is outstanding and that your products and service are of the highest caliber .
Disgruntled and unsatisfied customers will be the ones who file @ @ @ @ @ @ @ ensure that you efficiently and proactively resolve their complaints .
Try to go above and beyond to meet their needs .
In addition , ensure that your property is sufficiently secured and that your employees are trained not to discriminate against anyone .
Foster a culture that goes against harassment and discrimination .
Have these properly outlined in your HR policy and in a handbook for employees .
Also , do sensitivity training for all members of your company .
Ensure that you conduct a proper hearing before any dismissals and for any @ @ @ @ @ @ @ , have a procedure that fosters complaints to be made .
Always ensure that your staff wages are as stipulated legally and that they are fair .
When you are starting up ensure that you get an attorney on board .
This attorney can advise you when legal claims arise .
Be sure to get an attorney who is very familiar with the local laws of the area where your business is located .
If you can retain an attorney for your company then do so .
Get the Right Insurance As a @ @ @ @ @ @ @ insurance .
This is good for lawsuits such as slip and falls .
Ask your Insurance agent about errors and omissions coverage as well .
The type of insurance you get should directly relate to the business you are in .
For example , a gas station owner would need to buy petrol station insurance .
Whenever possible try to get industry-specific insurance .
It ’ s also good to have protection in your contracts .
An example is exempting yourself from blame if you ’ re unable to fulfill a contract during @ @ @ @ @ @ @ lawyer involved and find the best way to include such terms in your contract .
Be Mindful of Your Actions and Words Be sure to avoid questionable business announcements .
Be very mindful of who you conduct business with as well .
Always follow your company ’ s code of ethics .
In business something you do or say can come back to haunt you in court if you are not careful .
Prevention is Better Than Cure It ’ s highly likely that you ’ ll face a lawsuit during the course @ @ @ @ @ @ @ The key is to follow key business protection strategies to limit these .
If you do get sued always consult a lawyer before doing anything .
Knowing the types of lawsuits also helps you to understand what you ’ ll be dealing with and to be prepared .
If you would like more business advice , please visit the business section of the website .

Every year businesses fork out hard-earned cash as a result of lawsuits. With more Individuals becoming more aware of the law and their rights, you have to protect your business from being the center of a lawsuit.
As a business owner, you may face lawsuits from clients, employees, and vendors. It’s important to know how to protect yourself when the threat of a lawsuit arises.
In some instances, the individual filing the suit against your company or threatening to do so is hoping that you’ll agree to a settlement outside of court. To avoid these as well as to know how to properly handle a lawsuit you need to be aware of business protection strategies.
Getting sued can damage the reputation of your company. Continue reading to learn about useful business protection strategies.
Types of Lawsuit that Your Business Could Face
There are several types of lawsuits that a business can face. This means you need to have knowledge of each of them so that you don’t get caught up in them. Let’s take a look.
Faulty Products
Your product could be the reason behind your client’s injuries due to a fault that occurred during production. Your client could then sue you for the injuries that they have sustained.
Slip and Falls
Due to negligence on an employee’s part, your customer or another employee could slip on a wet floor. If you had no wet floor signs on display, a customer can then sue you for negligence and damages.
Premises Liability
If you fail to properly secure your property and it results in an employee or a client being assaulted or even killed, then you’re likely to face a lawsuit for negligence.
Work-related Vehicle Accidents
If in the process of carrying out duties on behalf of your business your employee injures someone you may be sued. Since the employee was representing your company, that could result in a lawsuit against you.
You should also consider that if an employee is injured on the job or while doing work-related activities then you’ll be responsible for wages and medication. These are normally covered in your workers’ compensation insurance policy. If not, then that’s a brewing lawsuit.
Consider too that if you fail to honor the terms outlined in a contract between you and another partner then they can file for damages. These are just a few of the lawsuits that could be levied against you. Here is a shortlist of the others that are not often discussed.
Intellectual property infringement
Employment discrimination
Customer discrimination
Harassment claims
Based on the laws of your state, cases with damages between $3,000 to $10,000 will be tried in a small court. Those with higher damages will more than likely go to a state court. If federal law or the Constitution was breached then the matter will be dealt with in a federal court.
Business Protection Strategies
Now that you have an understanding of the types of lawsuits that you could possibly face as well as which court the matter could be tried in, let’s look strategies that you should use to protect your business against lawsuits:
Extraordinary Customer Service
Extraordinary customer service is crucial in avoiding lawsuits. Always ensure that your customer service is outstanding and that your products and service are of the highest caliber.
Disgruntled and unsatisfied customers will be the ones who file the most claims. You have to ensure that you efficiently and proactively resolve their complaints. Try to go above and beyond to meet their needs. In addition, ensure that your property is sufficiently secured and that your employees are trained not to discriminate against anyone.
A Good and Detailed HR Policy
Foster a culture that goes against harassment and discrimination. Have these properly outlined in your HR policy and in a handbook for employees. Also, do sensitivity training for all members of your company.
Ensure that you conduct a proper hearing before any dismissals and for any disciplinary matters or breaches. In addition, have a procedure that fosters complaints to be made.
Always ensure that your staff wages are as stipulated legally and that they are fair.
Hire A Good Attorney
When you are starting up ensure that you get an attorney on board. This attorney can advise you when legal claims arise.
Be sure to get an attorney who is very familiar with the local laws of the area where your business is located. If you can retain an attorney for your company then do so.
Get the Right Insurance
As a business owner, you should have liability insurance. This is good for lawsuits such as slip and falls. Ask your Insurance agent about errors and omissions coverage as well.
The type of insurance you get should directly relate to the business you are in. For example, a gas station owner would need to buy petrol station insurance. Whenever possible try to get industry-specific insurance.
It’s also good to have protection in your contracts. An example is exempting yourself from blame if you’re unable to fulfill a contract during an act of nature. Get your lawyer involved and find the best way to include such terms in your contract.
Be Mindful of Your Actions and Words
Be sure to avoid questionable business announcements. Be very mindful of who you conduct business with as well.
Always follow your company’s code of ethics. In business something you do or say can come back to haunt you in court if you are not careful.
Prevention is Better Than Cure
It’s highly likely that you’ll face a lawsuit during the course of your business’s operation. The key is to follow key business protection strategies to limit these. If you do get sued always consult a lawyer before doing anything.
Knowing the types of lawsuits also helps you to understand what you’ll be dealing with and to be prepared. If you would like more business advice, please visit the business section of the website.


newslo--2020-03-31--6 Simple Money Habits That Will Enable You to Build Wealth in 2020

In America , everyone has the opportunity to build their wealth and grow as an individual .
However , not everyone has the knowledge of how best to do that .
After all , resources vary from person to person , and the path forward for each individual might not be exactly the same .
The sad truth is that most Americans still live paycheck to paycheck .
They struggle to build the wealth that they so greatly desire .
If you ’ ve found yourself in this kind of situation , it is essential that you take some important @ @ @ @ @ @ @ below tips can help push you to take the steps you need to increase your personal sense of wealth and profit .
If you can get into these money-making habits , you can see your fortune turn around in no time .
Here are the 6 simple money habits The easiest place for a person to make some extra money ?
The stock market .
Anyone can begin investing in the stock market .
Making an account with a licensed brokerage is easy and free , and you can invest even a small @ @ @ @ @ @ @ certain stocks over a long period of time can yield great financial results .
This can be a great source of passive income : income that you don ’ t have to actively work on in order to grow .
You ’ ll need to watch over your investments , obviously , and do some research on the ones you think you want to take on .
However , for the most part , the money you make will rise on its own over the course of many years .
What can you @ @ @ @ @ @ @ any spare cash to put into the stock market ?
This is a situation that many American families seem to find themselves in .
The more you put into the stock market the more you ’ ll get out of it , of course .
Not every family can put in tens of thousands of dollars , however .
One thing you can do if you ’ re really strapped for cash is to simply start by investing your pocket change .
Whatever money you get back from your purchases , put in @ @ @ @ @ @ @ the month , put all that change into some form of stock .
You ’ ll start out very small , but eventually , the amount you ’ ll be able to invest will increase over time .
You ’ ll have built up money month-to-month from your change , and your stock investment will be increasing at the same time .
Investing your credit card rewards , birthday money , and other extra cash can also be a good idea as well .
Don ’ t think of it as giving this @ @ @ @ @ @ @ its value !
How can you hope to build money-making habits if you aren ’ t even on top of what you ’ re currently spending your money on ?
This is a huge mistake that far too many Americans fall into .
Tracking your spending will give you a much clearer idea of what your current financial situation is .
You ’ ll be able to see where you are losing money more easily , and that may even give you a few ideas for how to keep more cash in your @ @ @ @ @ @ @ true wealth if you ’ re spending more than you ’ re making , obviously .
If you track your daily expenses , you ’ ll get a clear idea of your monthly expenses .
You can then put that next to your monthly income and see how much you have leftover .
Your goal should then be to increase that number .
What are you spending a lot of money on that you may be able to cancel or cut back on ?
All the numbers should be right there in front @ @ @ @ @ @ @ ’ t be too difficult .
Many people do this kind of tracking on pen and paper .
Given this is the year 2020 , however , there are also plenty of applications out there that can help you .
Programs like Mint or Level Money can be linked straight to your cards and can get a head start on tracking your purchases for you .
This might seem like an obvious suggestion , but nearly all Americans have some form of debt they take on .
For many , they just don @ @ @ @ @ @ @ to make the kinds of purchases they hope to make .
Credit card debt is the most common form of debt out there , but it ’ s also the one you should have the easiest time avoiding .
For Those Currently In Debt If you ’ re currently in credit card debt , your first priority should be to get yourself out of it .
The sooner , the better !
There are various ways to do this , but your approach shouldn ’ t be that different then what we discussed @ @ @ @ @ @ @ Take all of that spare change , all those credit card rewards , bonuses , and birthday gifts .
Put them in a separate account intended to pay off your debt .
If you can cut back on other purchases , put that saved money towards your debt as well .
The quicker you can pay off your debt , the less you ’ ll have to pay in the long run .
This is because debt collects interest , which means it ’ ll grow in size over time .
If you @ @ @ @ @ @ @ off your debt quickly , you ’ ll keep more money in your pocket in the future .
For Those Not In Debt If you ’ re not currently in debt : good for you !
Now , you just need to make sure you keep out of it .
This shouldn ’ t be too difficult as long as you practice responsible financial decision-making .
One of the best things you can do is to change your frame of thinking .
Instead of thinking of your credit card as a line of @ @ @ @ @ @ @ a debit card .
That means you should avoid making any purchases that you don ’ t have the money to pay off at the current moment .
Approaching your purchasing decisions in this way will help to ensure that you never find yourself in a situation where you can ’ t pay your bill .
If you can always pay your bill , you ’ ll never go into debt !
That means you can turn that extra change into something more financially productive .
You don ’ t want to have @ @ @ @ @ @ @ , we all hope to reach an age where we can take time away from the office and settle into a new routine .
Even if that doesn ’ t sound like you , you might eventually reach an age where you can no longer work– and you ’ ll need a hefty amount saved up to make it through your remaining years .
Saving up for retirement might not sound like the most fun thing you can do with your cash , but it is the most responsible .
The bottom line @ @ @ @ @ @ @ for retirement , the more you ’ ll have when you finally hit the ripe age in question .
Lucky for you , starting a retirement account is a pretty simple task .
Most employers out there even have a system set up that can deposit a portion of your income straight into a ROTH or 401k .
Many employers will even match your annual contribution at the end of the year , giving you an incentive to add more to your account each year .
You can consider this match something like @ @ @ @ @ @ @ .
Of course , if you don ’ t have an employer who offers this service , or if you ’ re self-employed , don ’ t fret !
You can open up a retirement account fairly easily all on your own .
If you ’ re unsure of how best to approach this kind of thing , you can reach out to a financial expert such as Charles Carey .
Someone with a background in finance can help you get a retirement account set up as well as offer a wealth of @ @ @ @ @ @ @ mistake that many Americans make is not thinking of wealth-building as an independent pursuit .
Too many people go to work , collect their paychecks , and take no initiative to think of other ways they could help to endow themselves .
If you haven ’ t , 2020 might be the year to start considering the power of the side hustle .
The side hustle is something other than your day job you can do to make additional income .
What this side hustle should be will depend on how much money @ @ @ @ @ @ @ and skills you have .
Those with a tight financial existence might want to take on a side hustle to get themselves back on stable ground in terms of their cash flow .
There are a lot of jobs out there that are flexible and can be easily scheduled around a person ’ s primary position .
Many people drive for rideshare services such as Uber or Lyft in order to make some extra money .
Others tutor students online in subjects such as English , Math , or SAT-prep .
These are @ @ @ @ @ @ @ into a person ’ s pre-existing schedule .
It ’ s also worth considering what your favorite hobby or pastime might be able to provide in terms of your monthly income .
Are you an incredible artist ?
It might be worth putting your work on websites like Etsy and seeing if there are people out there interested in purchasing it .
If you ’ re an amazing writer , amateur musician , or skilled video editor ?
They ’ re certainly people out there looking for , and likely willing to pay @ @ @ @ @ @ @ can make some extra income from doing something you already love , why wouldn ’ t you ?
Selling your art or using your personal skills to make some extra cash can be an inspiring way to fatten your wallet during your downtime .
Plus , you can do all of this without the stressful-presence of a true second job .
There ’ s no sweeter moment during the year then when your tax return comes in the mail .
This extra flood of income in the early Spring helps to bolster so @ @ @ @ @ @ @ times .
Finishing your taxes early can help to ensure you ’ ll get this return in your pocket sooner rather than later .
Most people turn their taxes in right near the deadline , meaning traffic around this time can be quite intense .
The closer you file to the deadline , the more likely it will take the IRS a decent amount of time before they can process your return and issue a check to your address .
If you file early , you ’ ll be one of the few @ @ @ @ @ @ @ .
You ’ ll be much more likely to get your return early on .
Getting your tax return done early and can help you avoid the stress of trying to get everything in order right before the filing deadline .
Using free services like TurboTax or H & R Block can also help to get you through the process more smoothly .
These programs can help you find laws and loopholes that will allow you to save money when filing .
It ’ s the start of a new decade , and @ @ @ @ @ @ @ you to look forward and think of the future .
The above wealth building tips can set you up for success in 2020 and beyond .
The more you can integrate these money-making habits into your monthly routine , the better off you ’ ll be .
Need more personal finance advice ?
Keep scrolling our blog for more .

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newslo--2020-03-31--Contractor Funding: How to Finance Your Large Construction Project

So you ’ ve got a large construction project on your mind .
Alright , what next ?
You need contractor funding !
But you have no idea as to how to finance your expensive project .
One would think that acquiring funding is as easy as going to the bank .
But… That ’ s where most are wrong – keep reading to find out all about large construction funding : the basics of construction finance , requirements from both parties ( fund and contractor ) and the various different types of sources for finance .
Before we even @ @ @ @ @ @ @ of funding – we need to cover the method in which the construction loan works , what are the costs involved and metrics that a lender will evaluate to make their decision .
The most basic principle of contractor funding is double-fund .
Meaning that instead of acquiring all of your funding at once , you will actually need to finance two separate periods of loan usage – each being weighed and calculated at a different risk level .
The first period covers any activities during construction , this period is funded through @ @ @ @ @ @ @ , as you would think , funds the after-construction time frame with a permanent loan .
In most cases , an owner develops the financing flow by contacting a real estate holding company , which would be responsible for the construction property and any of the loans , as to prevent any unnecessary risk for personal parties involved .
A construction loan , as mentioned earlier – covers any necessary costs required up-front and during construction .
With this type of funding , you will be responsible for making interest-only contributions during the @ @ @ @ @ @ @ construction is complete , you will be left to pay the entire principal value of the loan + any leftover interest .
The quicker you are able to complete construction , the less surcharge through the interest you will have to pay .
After the completion of initial construction , your property is bound to reach a state of stabilization , which is evaluated when your property is worth more in raw value than the principal loan amount .
At this phase , a lending institution will account for your facility as collateral @ @ @ @ @ @ @ risk involvement .
However , not all properties are subject to stabilization , unless the facility is residential and has the expectancy of rental occupancy .
When your property has stabilized , you will be proposed a permanent loan , which often has a much lower interest rate than that of the construction loan .
A permanent loan is usually enabled , in order for you to pay off the entirety of the construction loan and spread out the payments with a lower interest .
After receiving a permanent loan , you are @ @ @ @ @ @ @ in full .
A permanent loan can be replaced with a combination loan , which would place external requirements , such as : – interest rate is negotiated in advance with payment plan enabled during stabilization To fund a large construction project , your best bet is to make use of a balloon permanent loan , in which you are responsible for making low monthly contributions ( usually interest-only ) for a determined period of time , and then pay off the rest with a settlement payment .
The problem with such a @ @ @ @ @ @ @ acquire without managed relationships and impeccable loan history .
What Is the Profit Test ?
When a lender evaluates your construction potential , they employ the use of a standard profit test , which determines stabilization .
To begin , a lender will research your ownership group and their experience from any prior construction projects , also they will take a look at the contractors executing the plan .
After this is done , they will use two separate measures for determining how invested you are in this construction .
The lower the @ @ @ @ @ @ @ – the less risky the project will be for the lender , making it easier for you to acquire a loan without collateral or personal guarantee .
However , most lenders will not contribute to the entire sum , but only loan out 3/4 of the project value .
In most contractor funding scenarios , the lender will use the property itself as collateral .
If you default the loan , the lending institution takes ownership of the facility .
Depending on the project , the lender might choose to take land collateral @ @ @ @ @ @ @ are harder to re-sell or repurpose than others .
For example , a parking lot has limited use , while an office complex can be rented out to many different people .
Considering the financial constraints of the current credit environment – a lender will ask you to provide a personal guarantee , where any of your investors will sign a contract that they will be responsible for paying the loan if the project fails or defaults .
Personal guarantees can be several or joint , capped or unlimited in their value .
@ @ @ @ @ @ @ will be asked to present all of your personal liabilities and assets , with the promise of updating this information on a pre-selected time period .
What Are the Main Project Costs ?
Before you even set out to look for loans , you should already have a project plan developed .
In this plan , you are responsible for outlining the four cost categories associated with your project .
Hard Cost – the cost of construction labor and any materials required .
If you do not provide this information to a lender @ @ @ @ @ @ @ you to secure contractor funding and complete the project .
The availability of contractor funding sources for your project is determined , by the type of project involved .
However , for the sake of portraying the options , here they are : These are just some of the options , which we will delve into deeper .
For most people , a private contractor funding source will be the easiest to acquire .
For example , a bank loan is the most common of construction funding sources in the construction industry .
@ @ @ @ @ @ @ as a local bank is aware of the local environment and can appraise a project , based on its region placement .
A bank loan is usually insignificant and covers projects under $ 5 million .
Another source is a construction lending bank – these banks specialize in construction projects .
These institutions possess relevant construction experience and can on-board the project , as trusted advisors .
A construction lending bank usually provides a loan under a high-interest rate and compensation fees .
A lending exchange is another form of private financing .
@ @ @ @ @ @ @ a visual representation for your project , in order to gather funding from many lenders .
You provide the exchange with pertinent information and construction plans – the exchange considers the project , and sends it out to those lenders who they think will be most interested .
The best way to secure private construction funding is to either know people who are able to provide such financing or directly contact your local bank and lending authority to set up an appointment for discussion .
If neither option works out for you , @ @ @ @ @ @ @ start .
The founder , Charles D. Carey , would be more than happy to help you out , in finding the best solution for your project .
Depending on where you are , your local government head should have developed affordable financing programs for all sorts of construction projects .
For example , the SBA offers the 504 loan program , which is provided for commercial construction projects .
It is provided to a mid-to-small sized business , up to a summation of $ 20 million .
An SBA loan helps you @ @ @ @ @ @ @ – by letting you secure the loan with only a 10 % down payment but using your land as equity .
This type of government funding provisions lengthy amortization , usually ranging 25 years for a construction loan , and 20 years for a permanent loan .
However , you are limited with property execution , as you are only allowed to lease up to 40 % of a constructed property to any other business , and up to 45 % of an existing property that you decide to upgrade in any shape @ @ @ @ @ @ @ the right government financing for you , you should visit your local government websites and look in the financing/funding section .
Within the United States of America , any region that has many old or vacant buildings reduces the overall property value of the area .
The aim of a TIF is to improve the base property value and generate revenue from sales tax , by the method of involving foreign investments in their region .
A tax increment = the property tax evaluation after construction – the property tax evaluation before construction @ @ @ @ @ @ @ are able to pay the interstitial costs for construction , but as the value of the project and the TIF region increases , these changes in value will pay you a dividend tax increment .
In order to secure a TIF , you have to show that your property is increasing in value , but also helping other properties in the TIF area increase their value .
This sounds dandy , but what are the cons of a TIF ?
Acquiring a TIF is not simple , it requires lengthened review from the @ @ @ @ @ @ @ .
Your property also has to reside within a TIF area , and sometimes these districts are severely limiting in scope .
Another problem of a TIF is based on the spending limitations .
A TIF can only be spent on things like infrastructure development or other similar ventures .
Securing a TIF will reduce overall costs , but often must be matched with a primary funding source , in order to properly build the project – making the total cost , higher than it could be .
An IRB is a type @ @ @ @ @ @ @ government authority to help fund the construction or purchasing of property equipment .
Any interest on this loan is exempt from tax for the lender , which helps reduce your interest contributions .
Another benefit of an IRB is the length of a payment schedule being set for periods of 20 to 30 years , unlike a private bank which would often shorten the period .
A single IRB can not exceed the cap of $ 10 million , and an IRB can not be used in the construction of a project that @ @ @ @ @ @ @ million .
With the current credit environment , securing an IRB can be difficult .
Nevermind , the limitations .
Federal funding is vast , and it would take a while to discuss all of the loan/grant programs available .
However , make sure to check out the current federal contractor funding options .
A federal program is stringent upon annual refunding payments .
Meaning that your project will have to compete in the pool market to be accepted for funding .
If you miss funding round , you will be stun-locked from @ @ @ @ @ @ @ your project at risk of non-completion.To acquire federal funding – you will be required to hire a specialist , further advancing your soft costs for your project plan .
Contractor Funding – The Right Way Now that we have covered all of the necessary information , in regards to contractor funding – you are more than capable of financing your next large construction project , armed with new understanding and tools for growth .
In the end , there really is no right way to go about construction financing .
All of the @ @ @ @ @ @ @ in a myriad of ways .
Whichever you choose for your project – will be the one that shall serve you most .
So don ’ t hesitate – write your basic construction plan , figure out your finances and get that loan .
Happy building !

So you’ve got a large construction project on your mind. Alright, what next?
You need contractor funding! But you have no idea as to how to finance your expensive project.
One would think that acquiring funding is as easy as going to the bank.
But… That’s where most are wrong – keep reading to find out all about large construction funding: the basics of construction finance, requirements from both parties (fund and contractor) and the various different types of sources for finance.
Construction Finance Basics
Before we even begin to talk about the different types of funding – we need to cover the method in which the construction loan works, what are the costs involved and metrics that a lender will evaluate to make their decision.
The most basic principle of contractor funding is double-fund. Meaning that instead of acquiring all of your funding at once, you will actually need to finance two separate periods of loan usage – each being weighed and calculated at a different risk level.
The first period covers any activities during construction, this period is funded through a construction loan.
The second period, as you would think, funds the after-construction time frame with a permanent loan.
In most cases, an owner develops the financing flow by contacting a real estate holding company, which would be responsible for the construction property and any of the loans, as to prevent any unnecessary risk for personal parties involved.
What Is a Construction Loan?
A construction loan, as mentioned earlier – covers any necessary costs required up-front and during construction. With this type of funding, you will be responsible for making interest-only contributions during the construction period.
This means that after construction is complete, you will be left to pay the entire principal value of the loan + any leftover interest. The quicker you are able to complete construction, the less surcharge through the interest you will have to pay.
After the completion of initial construction, your property is bound to reach a state of stabilization, which is evaluated when your property is worth more in raw value than the principal loan amount.
At this phase, a lending institution will account for your facility as collateral, in order to mediate its own risk involvement. However, not all properties are subject to stabilization, unless the facility is residential and has the expectancy of rental occupancy.
What Is a Permanent Loan?
When your property has stabilized, you will be proposed a permanent loan, which often has a much lower interest rate than that of the construction loan. A permanent loan is usually enabled, in order for you to pay off the entirety of the construction loan and spread out the payments with a lower interest.
After receiving a permanent loan, you are responsible for following the chosen repayment schedule in full.
A permanent loan can be replaced with a combination loan, which would place external requirements, such as:
– stabilization conditions are determined before construction begins
– interest rate is negotiated in advance with payment plan enabled during stabilization
To fund a large construction project, your best bet is to make use of a balloon permanent loan, in which you are responsible for making low monthly contributions (usually interest-only) for a determined period of time, and then pay off the rest with a settlement payment.
The problem with such a loan is that they are difficult to acquire without managed relationships and impeccable loan history.
What Is the Profit Test?
When a lender evaluates your construction potential, they employ the use of a standard profit test, which determines stabilization. To begin, a lender will research your ownership group and their experience from any prior construction projects, also they will take a look at the contractors executing the plan.
After this is done, they will use two separate measures for determining how invested you are in this construction.
A loan-to-value ratio (LTV) = loan sum / estimated value of property
A loan-to-cost ratio (LTC) = loan sum / cost of project
The lower the outcome of the LTV and LTC is – the less risky the project will be for the lender, making it easier for you to acquire a loan without collateral or personal guarantee.
However, most lenders will not contribute to the entire sum, but only loan out 3/4 of the project value.
Guarantee and Collateral
In most contractor funding scenarios, the lender will use the property itself as collateral. If you default the loan, the lending institution takes ownership of the facility.
Depending on the project, the lender might choose to take land collateral over the property. As some properties are harder to re-sell or repurpose than others. For example, a parking lot has limited use, while an office complex can be rented out to many different people.
Considering the financial constraints of the current credit environment – a lender will ask you to provide a personal guarantee, where any of your investors will sign a contract that they will be responsible for paying the loan if the project fails or defaults.
Personal guarantees can be several or joint, capped or unlimited in their value. Before you borrow a loan, you will be asked to present all of your personal liabilities and assets, with the promise of updating this information on a pre-selected time period.
What Are the Main Project Costs?
Before you even set out to look for loans, you should already have a project plan developed. In this plan, you are responsible for outlining the four cost categories associated with your project.
Hard Cost – the cost of construction labor and any materials required.
Soft Cost – permit costs, architectural planning costs, engineering contractors cost, tax costs, Insurance costs (title, contingency, builder risk, liability), developer fee, legal costs, appraisal costs, construction interest, inspection, etc.
Land Cost – land and property acquisition cost.
Contingency Reserve Cost – reserve fund established for interest payments, pre-determined reserve level (5+ % of soft cost)
If you do not provide this information to a lender, it will be very difficult for you to secure contractor funding and complete the project.
Sources of Contractor Funding
The availability of contractor funding sources for your project is determined, by the type of project involved. However, for the sake of portraying the options, here they are:
Private Financing
Public Financing
Government Programs
State-Specific Funding Options
Increment Financing
Industrial Revenue Bonds
Historic Tax Credit
These are just some of the options, which we will delve into deeper.
Sources of Private Financing
For most people, a private contractor funding source will be the easiest to acquire. For example, a bank loan is the most common of construction funding sources in the construction industry.
They are valuable to a contractor, as a local bank is aware of the local environment and can appraise a project, based on its region placement. A bank loan is usually insignificant and covers projects under $5 million.
Another source is a construction lending bank – these banks specialize in construction projects. These institutions possess relevant construction experience and can on-board the project, as trusted advisors.
A construction lending bank usually provides a loan under a high-interest rate and compensation fees.
A lending exchange is another form of private financing. For example, a C-Loan acts as a visual representation for your project, in order to gather funding from many lenders. You provide the exchange with pertinent information and construction plans – the exchange considers the project, and sends it out to those lenders who they think will be most interested.
The best way to secure private construction funding is to either know people who are able to provide such financing or directly contact your local bank and lending authority to set up an appointment for discussion.
If neither option works out for you, CIG Capital is a great place to start. The founder, Charles D. Carey, would be more than happy to help you out, in finding the best solution for your project.
Sources of Local Government Financing
Depending on where you are, your local government head should have developed affordable financing programs for all sorts of construction projects.
For example, the SBA offers the 504 loan program, which is provided for commercial construction projects. It is provided to a mid-to-small sized business, up to a summation of $20 million.
An SBA loan helps you save capital and reduce/eliminate unnecessary tax rates – by letting you secure the loan with only a 10% down payment but using your land as equity.
This type of government funding provisions lengthy amortization, usually ranging 25 years for a construction loan, and 20 years for a permanent loan. However, you are limited with property execution, as you are only allowed to lease up to 40% of a constructed property to any other business, and up to 45% of an existing property that you decide to upgrade in any shape or form.
In order to find the right government financing for you, you should visit your local government websites and look in the financing/funding section.
TIF – Tax Increment Financing
Within the United States of America, any region that has many old or vacant buildings reduces the overall property value of the area. The aim of a TIF is to improve the base property value and generate revenue from sales tax, by the method of involving foreign investments in their region.
A tax increment = the property tax evaluation after construction – the property tax evaluation before construction.
Through a TIF program, you are able to pay the interstitial costs for construction, but as the value of the project and the TIF region increases, these changes in value will pay you a dividend tax increment.
In order to secure a TIF, you have to show that your property is increasing in value, but also helping other properties in the TIF area increase their value. This sounds dandy, but what are the cons of a TIF?
Acquiring a TIF is not simple, it requires lengthened review from the public upon the value of your property. Your property also has to reside within a TIF area, and sometimes these districts are severely limiting in scope. Another problem of a TIF is based on the spending limitations.
A TIF can only be spent on things like infrastructure development or other similar ventures.
Securing a TIF will reduce overall costs, but often must be matched with a primary funding source, in order to properly build the project – making the total cost, higher than it could be.
Industrial Revenue Bond
An IRB is a type of loan, provided by your local government authority to help fund the construction or purchasing of property equipment. Any interest on this loan is exempt from tax for the lender, which helps reduce your interest contributions.
Another benefit of an IRB is the length of a payment schedule being set for periods of 20 to 30 years, unlike a private bank which would often shorten the period.
A single IRB cannot exceed the cap of $10 million, and an IRB cannot be used in the construction of a project that is evaluated at more than $20 million. With the current credit environment, securing an IRB can be difficult. Nevermind, the limitations.
Federal Funding Programs
Federal funding is vast, and it would take a while to discuss all of the loan/grant programs available. However, make sure to check out the current federal contractor funding options.
A federal program is stringent upon annual refunding payments. Meaning that your project will have to compete in the pool market to be accepted for funding.
If you miss funding round, you will be stun-locked from applying for a whole year, putting your project at risk of non-completion.To acquire federal funding – you will be required to hire a specialist, further advancing your soft costs for your project plan.
Contractor Funding – The Right Way
Now that we have covered all of the necessary information, in regards to contractor funding – you are more than capable of financing your next large construction project, armed with new understanding and tools for growth.
In the end, there really is no right way to go about construction financing. All of the options are solvent and can help you in a myriad of ways. Whichever you choose for your project – will be the one that shall serve you most.
So don’t hesitate – write your basic construction plan, figure out your finances and get that loan. Happy building!


newslo--2020-03-31--5 Simple Steps for Starting a Media Company

You have an amazing idea and the dream of starting a media company , no surprise .
According to Price Waterhouse Coopers , as of 2018 , the media market was valued at 678 billion USD and is expected to grow to over 720 billion USD by the end of 2020 .
There is one more challenge to overcome .
What do you need to not only start a media company but to make it successful ?
When figuring out how to start your own brand , the most important thing to do is define and refine the core idea @ @ @ @ @ @ @ before jumping into the market with your idea .
The first thing being your reasoning behind the idea itself .
When starting a media company , there are a few special points to consider ; • Be clear on who your audience is • This goes hand in hand with defining your idea .
You have to know what your audience values .
You need to understand what they like and , more importantly , what they don ’ t like .
• Understand your value • How do you set yourself apart @ @ @ @ @ @ @ other firm does ?
Make this very clear , very quickly .
• Content is king ( this will be covered below ) • Potential customers will not be return visitors if you do not produce quality content .
Now that you have defined the idea , you are ready to get to work .
However , even with the best idea , you can get lost if you aren ’ t organized and using the right tools .
A great way to stay focused and keep your workflow efficient is Trello .
@ @ @ @ @ @ @ , everyone can stay connected , in the office or on the go .
Clear communication is one of the basics of business .
You need to be able to contact not only your audience but also those you work with and work for .
You can check out some of the best free conference call services to find one that is right for you .
An easy resource to utilize is YouTube .
If your company is already producing articles , it is a very easy process to take an article and @ @ @ @ @ @ @ a channel .
To give you an idea about the value of video , according to Cisco , video content will account for 82 % of traffic by 2022 .
With numbers like that , it is no question that video content is essential .
Audiences are always looking for what you can offer them .
Knowledgebase and “ HowTo ” offerings are an incredibly strong tool in establishing trust and return traffic .
With educational posts , you are serving the public in a way they can immediately use .
They are @ @ @ @ @ @ @ they found something they didn ’ t even know they needed ( but it ended up they absolutely did ! )
Use your content to engage with your community .
It creates a personal connection and allows your visitors to make an impact on what your organization produces .
It is easy to do this by using Social Media like Twitter posts and Instagram stories .
You can integrate these links into existing articles and blog posts .
This way , you can make old and new content very easy to access .
@ @ @ @ @ @ @ created , profit needs to be addressed .
There is no point in starting a media company or any company for that matter if you don ’ t look to the finances .
The two most common options amongst most companies are ; • Membership Options • Allowing access to premium content and specialized areas of websites for a specific fee • Affiliate Marketing • Shared campaigns to generate interest in products or services , allowing for the generation of revenue .
Starting a Media Company Doesn ’ t Have to Be a @ @ @ @ @ @ @ drive .
After reading this , you have the tools .
There is nothing keeping you from starting the best media company around .
There ’ s no doubt that it is an uphill battle .
You have the tools now to overcome that challenge .
To come out on top with a successful business that provides quality content to your visitors .

You have an amazing idea and the dream of starting a media company, no surprise. According to Price Waterhouse Coopers, as of 2018, the media market was valued at 678 billion USD and is expected to grow to over 720 billion USD by the end of 2020.
There is one more challenge to overcome. What do you need to not only start a media company but to make it successful?
1. Define and Refine the Media Company
When figuring out how to start your own brand, the most important thing to do is define and refine the core idea. There is a lot to consider before jumping into the market with your idea.
The first thing being your reasoning behind the idea itself. When starting a media company, there are a few special points to consider;
Be clear on who your audience is This goes hand in hand with defining your idea. You have to know what your audience values. You need to understand what they like and, more importantly, what they don’t like.
Understand your value How do you set yourself apart? What do you provide that no other firm does? Make this very clear, very quickly.
Content is king (this will be covered below) Potential customers will not be return visitors if you do not produce quality content.
Now that you have defined the idea, you are ready to get to work. However, even with the best idea, you can get lost if you aren’t organized and using the right tools.
A great way to stay focused and keep your workflow efficient is Trello. With the mobile apps and online profile, everyone can stay connected, in the office or on the go.
Clear communication is one of the basics of business. You need to be able to contact not only your audience but also those you work with and work for. You can check out some of the best free conference call services to find one that is right for you.
3. Content is King
An easy resource to utilize is YouTube. If your company is already producing articles, it is a very easy process to take an article and use it to create a video for a channel.
To give you an idea about the value of video, according to Cisco, video content will account for 82% of traffic by 2022. With numbers like that, it is no question that video content is essential.
Audiences are always looking for what you can offer them. Knowledgebase and “HowTo” offerings are an incredibly strong tool in establishing trust and return traffic.
With educational posts, you are serving the public in a way they can immediately use. They are either searching for the post, or they found something they didn’t even know they needed (but it ended up they absolutely did!)
4. Community Engagement
Use your content to engage with your community. It creates a personal connection and allows your visitors to make an impact on what your organization produces.
It is easy to do this by using Social Media like Twitter posts and Instagram stories. You can integrate these links into existing articles and blog posts. This way, you can make old and new content very easy to access.
5. Membership & Monetization
With community engagement and content having been created, profit needs to be addressed. There is no point in starting a media company or any company for that matter if you don’t look to the finances.
The two most common options amongst most companies are;
Membership Options Allowing access to premium content and specialized areas of websites for a specific fee
Affiliate Marketing Shared campaigns to generate interest in products or services, allowing for the generation of revenue.
Starting a Media Company Doesn’t Have to Be a Struggle!
You have the idea and drive. After reading this, you have the tools. There is nothing keeping you from starting the best media company around.
There’s no doubt that it is an uphill battle. You have the tools now to overcome that challenge. To come out on top with a successful business that provides quality content to your visitors.