The new year brings significant differences to markets as once-young industries are now maturing into the mainstream markets. To ensure you get a piece of the pie, here are a few businesses to consider investing in for 2014.
1. Small Internet Companies
Starting as small publishing companies, Internet companies have grown in size along with outsourcing services. Consider investing in multiple small internet start-ups. It is highly likely that larger businesses will highly depend on Internet marketers, publishers and professionals for their Internet campaigns.
Technology manufacturers will need all the help they could get from investors, who are likely to get higher profits from these manufacturers as consumer technologies continue to receive higher demand. Consider investing in technology manufacturing, design or the most affordable but most profitable trade in the niche, software development.
3. Renewable Energy
Technologies that use renewable energy such as solar power and wind are great investments for the next few years simply because conventional means of producing electricity is slowly running out. Renewable energy may enter mainstream power industries by 2018, so investing in it today, while it is still low in value, could give you higher profits in the next year.
One of the oldest markets will get a higher demand but a lower demand by the year 2018. The demand will push the prices further upward. Securing a barrel or two under your name can give you great profits in the next few years.
Employees are a vital part of businesses and no business can stand without them. However great an employee’s potential is, if they do not pass the background check of your business, they will not do much good to it as well.
1. Health Check
A medical check-up is necessary to ensure that the company is hiring healthy employees both psychologically and physically. Substance abuse and psychological balances could greatly determine an employee’s potential and if they seem quite unbalanced and fragile, they will not make a good asset regardless how effective.
2. Candidate’s Identity
All employees must be subject to criminal record checks and FBI validation. Criminal records help companies avoid hiring potential criminals of financial fraud, embezzling and even physical crimes such as rampages or violence.
3. Reputational Risk
Even if an employee passes all checks in health and identity, the business’ HR department must still assess the possible reputational risk the employee poses should they create a misdemeanour in public. Assessing reputational risk also includes the position the employee has in the company.
4. International Candidates
It is possible to hire expatriates into your company as long as you abide by the International Employment law. You will also need to subject them to the same test as other local employees go through.
PPI or payment protection insurance is designed to protect your loan or credit card repayments in the event you get into an accident or unable to work. You are probably paying hundreds of pounds for an insurance policy you won’t be able to use. Aside from your actual PPI repayments, you could also be facing increased loan repayments because of your insurance through compounds interests.
When you claim for PPI, always check your billing statements to ensure that you are actually paying for a PPI policy. Take note of any loan policy and pricing changes from your bank. Ask them about the reasons for the increase of repayments and allow them to state their reasons. If they said that it was about your insurance policy, you could reclaim these payments you have made back.
Remember, banks may say that you don’t have any compound interests or they only keep records for as long as six years. You have the right to demand your complete financial record for evaluation. A credit card PPI calculator may also help you find out the total compensation you deserve.
Proving that your compound interests were caused by your insurance policy could be difficult. If you need any help, it would be wise to consider the help of PPI claims experts from claims management companies such as PPI Calculator UK that will ensure you get your complete refunds as soon as possible.
There’s no shortcut to successfully making billions and developing your company’s brand name. With competition, the business must always try to create something that the customers have not seen, purchased or tried before. If you want to beat the existing market competition, dedicate some time to do the following.
1. Mix and Match
Trends come and go and business climates could change slowly or suddenly less than a month. The only way to survive is to pay attention. Your customers want something new. Listen to the inner consumer in yourself; what would you like to see from a company similar to yours. Mixing and matching seemingly far-fetched items together could result to new innovation.
Many businesses and companies gain an edge over the competition because they research different aspects of the consuming public. If you could find market gaps, unique needs, a growing concern about certain topics and optimizing certain processes, you could stay afloat in the industry competition and even break it with enough data.
3. Be Bold
When you are in the business world, it is highly important to be bold. Companies that play it safe and avoid certain risks usually miss the opportunity to profit highly from innovation and creative ideas. You and your board should always be open to ideas. Even if you have asked yourself about the feasibility of a project, the last minute ideas that seem absurd could be your business’ biggest break.
Internet marketing is based on two tenets; one is the branding or how netizens perceive your company and your reputation on products and services is. Another is SEO, a set of helpful techniques that ensure websites and their content is effectively indexed for fast recall by search engines. One affects the other in some way and it is important to find the balance between the two.
1. Long-Term or Short-Term
If you have visited news websites and famous blogs, you will find they have minimal need for Search Engine Optimization. This is because these websites prioritized brand building. By building their brand, any Google Update does not affect their search engine reputation. It is a rule of thumb that if you prioritize search engine optimization you seek to gain much from a website in a short span of time and when you focus on brand, you go for the longer term gains.
2. Branding + SEO
It is possible to mix the two in a content. First, write or produce content as you normally would. Plan it properly to ensure branding. Applying SEO techniques, such as adding alternate text for your videos and images and ensuring keyword densities are helpful for your website’s indexing as well. Just keep in mind that search engine spiders could only use text to index websites.
Branding efforts are naturally quelled by robotic or auto-generated content in your websites. Google searches actually award websites more if visitors frequent your website not just from a direct landing from a search engine results page but from different links. Link building campaigns are helpful for brands and SEO and could work to your advantage.
Social media had helped pull many people to use the services and products provided by the Internet. As a global communication network, websites with information are quite helpful and beneficial. Having millions of users logged in at all hours, the potential of Internet marketing is quite huge for many businesses.
When your business has advertisements placed in strategic locations that garner huge visibility or relevance to the subject at hand, potential customers may try to look at your advertisement. People often see coherence in websites and they find a website trustworthy if it literally looks trustworthy.
However, as a business, Internet marketing will serve as your hub of information about your products and service. Unlike conventional television and radio commercials, which only need to grab your users attention and give them a memorable message, Internet advertising and marketing makes use of arming your customers with information about your products, which they will remember you by.
While video streaming and hosting services will greatly benefit demonstrations of your products and services, your blogs will make people take interest in your business.
Websites could also be your gallery of fame as you could show the achievements of your company in the last few years, which can help boost customer confidence.
The PPI or the Payment Protection Insurance is a written agreement between the customers and banks or other financial companies (like building societies, insurance companies etc)in the form of an insurance policy which states that the financial service providers will help the customers in repaying the amount of loans, credits or mortgages in case of accidents, unemployment and sickness.
In simple words, the banks or the financial companies are responsible to help out the customers financially in extreme circumstances. But instead of helping the pubic, several banks and companies take advantage of the situation by fooling the customers and mis-selling millions of PPI policies. The customers don’t even get to know that they have a PPI policy on their names.
You must understand that legally you are not bound to accept any PPI policy. In case you have been forced to accept a policy or you have been registered with a PPI policy against your name without your knowledge, you are entitled to take legal action against the banks and financial companies that mis-sold you with the PPI policies. As the citizen of the country you must be aware of your legal rights.
You have to be confident enough to assert your rights for claiming PPI compensation from banks in case there is mis-selling. Under no circumstances the banks and financial companies can give you incorrect information and trap you into false positions. This is legally not accepted and thereby you must claim for your rights which you can do by submitting an online PPI Claims Form.
Enhance your knowledge about the laws and rules and regulations related to PPI and other such insurance policies. If you have been mis-sold with a PPI policy, complain to the company in question and claim for your compensation and then if the case remains unsettled contact the FOS. In case you aren’t confident with what to do, you are always free to hire or seek advice from professional legal experts, such as PPIClaimBackCo.
A market gap is an effective way to promote growth for your business. However, market gaps are not as plentiful as it were centuries ago. You’ll need much data, analysis and confidence to find a gap and fill it in. Market gaps, such as social media in the Internet led to new business practices and your business might be next by using these tips.
1. Business Assessment
If you’re a long-established business in an industry and is doing well but is looking to better your situation, re-assess your business’ pluses and minuses. Opportunities are everywhere but business gaps are not. If you know your business’ direction is going stride in stride with you and the board’s agreement, you’re ready.
2. Feasibility Studies
When you first started your business, you conducted certain business studies that gave you data about the potential your business holds in the industry or market. If you study your current market, you might find that the market also has needs not yet addressed by the existing companies and businesses. Studies and the data you gather from them gives you options and it is important to keep an open eye on these options.
3. Copy/ Improve
Most businesses in the industry are almost carbon copies of other businesses except for their brand name and trademarks. They utilize the same practices. By patterning some of your business practices to your competitors and knowing the gaps in their services, you could exploit such a gap to your business’ advantage. Improve the pattern by making “package deals” out of certain features for a business or reducing some of them.
4. Invest in Education
Educating your research team with new knowledge and skills will help them fill some gaps that presently exist in your company. A new skillset can also help them find the gaps easier in your business and how to develop them efficiently.
Regardless of the business proprietor’s reasons for selling their existing business, as an entrepreneur yourself, you’ll want to know if you’re getting higher gains or expenses in buying their business. Here are a few things you’ll need to consider to align your business expenses and profits when you consider buying a new business.
You buy an existing business because it could give you a great deal of advantage when it comes to equipment. However, if you do repair the equipment, will it guarantee you good returns in profit? Assessing the business brand’s reputation to consumers will most likely help you answer the question of profit.
Measure the existing business’ staff training and practices. Are they up to speed with the business’ current industry or is further practice needed? Once again, like your question for the equipment, assess whether the business’ training will give you great returns for what you will invest.
While you won’t be spending much on organization, will re-organizing the business actually get you better returns? Will new staff actually be the solution to the business’ current challenges? Will increases in manpower actually help you defeat the existing business’ tax problems? You make the call.
As you’re working your first business with this existing business, will it complement the profits you’re making with your first business? How will the new business interact with your older business? Will they both generate better profit once you buy the existing business?
If 60% of your income goes to your debts, bankruptcy is still out and debt consolidation is still in. Debt consolidation combines all of your debt repayments into one, low-interest monthly repayment. Debt consolidation companies address common debt problems through the following
1. Home Equity Loan
Borrowing against the equity in your home can help you repay your debts at a lower interest. A home equity loan is a closed-ended account repaid over a period of time and has lower interest and higher borrowing limits because you are technically using your house as collateral. However, if you’re not too careful making repayments on a usual basis, you might face foreclosure troubles.
2. Debt Consolidation Loans
Debt consolidation loans combine all your debts and are available in almost every major bank and non-profit debt consolidation companies. However, some debt consolidation companies may incur you extra fees, making the cost of your debt consolidation higher than how it should be.
3. Credit Card Balance Transfer
Making a balance transfer is a good way to consolidate debt. A credit card with a large credit limit and low balance transfer rate could handle balances from high-interest rate credit cards. However, always ensure that you’ll actually be saving money because you might end up paying more.
Borrowing from retirement plans should be considered a very last resort. If your retirement plans allow you to borrow against them, some drawbacks, such as the loan needing repayment within five years or the plan provider will consider it an early withdrawal, will be present. It is important to know that you might face withdrawal penalties with this method.