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5 tips to sell property in a softened market and still make profit

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Any property owner will tell you that nothing is as difficult as trying to sell a property.  Buyers are very choosy and are always on the lookout for tiny issues so as to try to bring the value of your propertydown. It’s much more difficult if you are desperately trying to sell the property. Buyers feed off desperation and you may find yourself selling your home way below market value. This is the case on an average property market, then you can imagine how tough things are in a soft market. A soft market has come to be defined as a buyers’ market and this basically means that property buyers control the market. They have a big say on the going rates for property and property owners are forced to lower their valuations if they are to make any sales. There are, however, a few things that you can do to make sure that you still sell your property in a soft market and still make a profit. Here is what you need to do.

  1. Sell your property yourself.

Most people prefer selling property through agents. These agents advertise and market the property on the home owner’s behalf. Should they manage to sell the property, the agents receive a percentage of the sales price. Property agents are great since they allow property owners to go about other business as they sell the property, but if you are selling the property in a soft market and still expect to make a profit then you should ditch the agent and sell the property yourself. This may be a little bit taxing but you get to keep all the proceeds from the sale of the property to yourself.

  1. Know the exact value of your home.

You may have an approximate figure of the value of your home but the challenging nature of a soft market demands that you know the exact value. This will help you determine the best price to sell your property. There are online resources that charge absolutely nothing to help you determine the value and worth of your property. However, you should seek the services of a professional appraiser who will determine the exact value of your home as at that time. You will have to pay for this service but it will turn out to be money well spent when you eventually sell your property.

  1. Price your property slightly below market value.

Considering that the soft market is a buyers’ market, you need to ‘fool’ prospective buyers that your property represents the best value. You can do this by pricing the property slightly below market value. In a soft market, buyers are looking to buy property at the lowest possible rate and pricing your home below market would make it attractive to the buyers. Take a small percentage from the price and you will be surprised with the number people showing interest in your property.

  1. Offer a property warranty.

This is another way to get buyers interested in your property. Since the buyers are looking to spend as little as possible on the property, a warranty on repairs would make your property appealing. A warranty acts as a security cover and we all know how people love such things. Let the buyers know that you will meet the cost of repairs to that property for a period of time and up to a certain amount.

  1. Reduce your buyer’s moving in expenses.

Buyers are very stubborn in a soft market and all it takes for them to overlook your home is a simple thing such as overgrown hedges and lawns. Get someone to tend to these issues so as to reduce your buyer’s expenses for moving into a house for sale in Turkey. It also goes into making your property attractive and this could be all that you need to quickly sell your house.

Conclusion.

The property market is tough for sellers in a soft market. The above-mentioned tips will help you sell your house at a profit and in the shortest time possible. Time is of the essence when selling property since property usually loses its value when it stays in the market for a long time.

All the Best Ways Technology Has Helped Shape the Restaurant Industry for the Better

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No doubt technology has greatly improved our lives in different years, especially with its exponential growth within the century. The restaurant industry is one of those that has benefitted immensely, making life easier for both staff, owners, and their customers. In this article, we have included some of the most profound ways technology is helping restaurants today.

  1. Ride-sharing apps

With the popularity of ride-sharing apps rising every day, restaurants have one more reason to be thankful because those services play a beneficial role for their business. Think about it, customers don’t have to worry about driving at night as they could simply have a trustworthy service to do that for them. They don’t have to worry about parking either or driving themselves home after having one too many drinks.

  1. Social media

As social media has a huge role when it comes to shaping our views on a variety of topics, so does it have an impact on people’s opinions of restaurants. A dining establishment that plays its cards right can get significant returns with the help of social networking sites. Imagine a social media big shot visits your restaurant and tweets how much of a great time they had to their thousands or millions of followers. There’s also the no-brainer trend of making sure you have a presence on at least one major social media platforms to increase your visibility.

  1. Reviews

Online reviews are a beautiful way to drive business to your restaurant because many people want to find out the ratings of a restaurant before they bother going there. When a restaurant has high ratings and positive comments on a site like TripAdvisor, they are able to reap the benefits of massive awareness and exposure. However, restaurants have to be on their toes to avoid and control bad reviews wherever they can because they can have an equally powerful effect.

  1. POS Tablets

POS machines are great and have made it easier and more convenient for customers to make payments at the swipe of a card. Doesn’t it feel awesome to walk into a restaurant with no cash in your wallet but knowing you’ll still be able to pay? Even better is the introduction of point of sale tablets that may be brought to the table by a waiter or flip to face the customer at the counter. Tablets like these with software like Vend ePOS solutions installed on them help reduce the time it takes to complete transactions, meaning more people can be served within a shorter timeframe.

  1. Kitchen display screens

Kitchen display screens are a kitchen manager’s dream as they make tasks like keeping track of orders a breeze. There will be no such thing as dealing with a missing ticket as orders reach the kitchen the minute a customer picks an item from the menu and the most urgent orders are pushed to the top. Angry customers will hardly ever be a problem because you’ll be able to get their order to them faster. Plus, chefs can learn about the timeframe for having their orders completed according to the item and menu group.

  1. Recruitment

Finding the right persons to work with is as important as any other aspect of a business. With restaurant recruitment apps, restaurants can have access to some of the best available talent. Also job boards and video calling apps like Skype make it easier to recruit staff from various locations, meaning restaurants can have the best hands on their team without being restricted by location.

The importance of satisfied employees is beyond price!

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Employee satisfaction is a term of huge importance for businesses’ life duration and quality – happy employees are the ones who are exceptionally loyal towards their organization and stick to it even in the worst circumstances.

Today’s companies and organizations aren’t a psychologist’s offices, neither learning facilities nor some kind of social clubs. Neither of those names describes nowadays’ fast-growing and challenging business units.  So why does it matter so much for companies to have happy and engaged workforce? The answer is very simple. It all comes down to cold and solid finances. Every successful business story worldwide witnesses one fact: companies that have satisfied employees have the greatest advantage over companies that don’t.

Boosting employee satisfaction is not only good for company’s drive, but it can be good for the company’s overall progress. That’s because happier employees are more productive, they come to work regularly, they are less likely to take time off, and they are more likely to remain loyal to the business avoiding the odds for them to leave for another job. That last point is particularly important, as hiring, on-boarding and training new employees, on average, costs much more than investing in the people who already work for the company.

Keeping employees satisfied and engaged takes more than just good salary and benefits. The following list exposes some of the key workplace satisfaction factors rated by employees:

 

  • Appreciation and effort recognition are the job satisfaction’s birthmarks

Employees demonstrate strong engagement level when a unique, fair and respectful treatment is applicable to all employees in a company and that is the most vital factor for job satisfaction. Whether some assignment is done poorly or greatly, it should be proportionally treated with different type of reception by the management, but most of all – the excellent job submitter should be publically encouraged and appreciated for everything he did well, as an example for the other employees.

  • The more we trust our front man, the harder we try

Maybe it happened because of the employment uncertainty in the years following the Great Recession, but employees signified that the trust between themselves and management is another highly important satisfaction factor that should not be underrated.

  • Security and stability set the pace for long-term marathons

If you’ve ever had to go to work every day wondering if your job is secure, you know it can become the foundation of great anxiety. Companies can offer a sense of security through straightforward communication and transparency about the organization’s health and long-term feasibility. They can also provide motivational actions that increase employees’ life stability such as employee life insurance, retirement funds, saving funds, studying scholarships for the employees’ children or a possibility for the children to become the preferred candidates for future job openings at the same organization, in case they are competing for the same position with other similarly skilled candidates.

  • Everyone wants to breathe in a healthy environment

Workspaces that are generally stress free, that do not face moral issues, harassment and discriminatory practices can create an encouraging and healthy environment for everyone. A little bit of stress can help employees to stay focused and active, but nobody imagines remaining on a job where the amounts of stress impact the employees’ physical and emotional wellbeing and massively affect their private relations misbalancing the work-life equilibrium.

  • Career promotions build the winning teams

No one dreams to have a dead-end job. Employees are more likely to do extremely well and outshine when they are able to see an established upward passageway, with the opportunity to get a higher income and take on superior responsibilities. Companies’ growth happens only as a consequence of its employees’ development.

  • Fair paycheck and benefits should be an issue taken off the table

The earnings aren’t the only reason employees get satisfaction in their jobs, but they usually grade them high on the list. Competitive incomes makes employees feel appreciated, and gives them less motivation to look elsewhere for a job shifting so salary grading and bonus schemes should be rational according to each employee’s job responsibilities and achievements.

At many companies throughout the world, employee disengagement is like a bad disease—difficult to diagnose and to cure, but also contagious. Unhappy means unproductive and unproductive employees are unlikely to make constructive involvements so their lack of enthusiasm tends to extend with alarming range. On the other hand, satisfied employees are more productive, have minor turnover rates, lower absenteeism and are the generators of higher profits—they are what every organization needs to prosper.

The pulse of the companies’ culture and employee satisfaction is mostly measured by annual employee surveys which are at the main orientation radar of every Human Resources department, yet only provide information on a one-time basis. Once a year, or even twice a year, surveys allow too much time to pass to guarantee the precision of the records received, as working ambiance and employee attitudes are in continuous fluctuation and momentous changes can happen in short periods of time. Employees often react on the basis of their work surroundings, the actions of their colleagues, the teamwork, and management policies. Management must be responsive to employees’ attitudes, satisfaction and opinions. All of them are critical and significant aspects of employee satisfaction that lead to a better forecast of winning achievements for many businesses.

Most companies strive for employee satisfaction, but not all conquer this target. That’s why it’s essential for Human Resources professionals to learn more about the factors that can enhance employee satisfaction, and how it fits into an organization’s overall success. The battle for talent has never been more brutal so in a world where money is no longer the number one factor attracting workforce to organizations, every business must concentrate on other factors to build a more attractive and engaging working atmosphere and to realize that the focus on the employees’ welfare is the crucial key to competitive advantage.

Is using machine translation a viable option for your business?

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With machine translation cheap, easy, quick and readily available for anyone with internet connection, more and more businesses are using machine translation tools for a wide range of reasons. But machine translation also has an unfortunate reputation for being a little unreliable. So where are the areas in which your business can make use use free translation, and what are the areas for which you should turn to the professionals?

Machine translation has come very far in recent years

Some of the more recent developments in AI and machine translation are very impressive. The Pilot Earpiece, which is strongly reminiscent of the universal translator as seen in Star Trek, promises “A world without language barriers” to users. As the world’s first translation earpiece, the Pilot can translate one language into another and vise versa in real time.

Meanwhile Google and Facebook are both venturing into the world of AI for their translation software. Google’s GNMT (Google Neural Machine Translation) has been called “really really accurate” by the Washington Post, and Wired have gone so far as to say that the Facebook translation tool “could lead to translations that actually make sense”.

The pros

The pros of machine translation are fairly straightforward; most softwares cost nothing to use, they deliver fast results, and they’re easy to use. On the topic of machine translation, London Translations, a professional translation company, acknowledge: “Sometimes machine translations are the only option if speed is of the essence.”

Indeed, the savings alone that machine translation represents is enough of an incentive for some businesses. They won’t have to foot the bill to train new staff, hire bilingual staff, or outsource and hire professional translators. That, combined with the billable work-hours saved by just copying, pasting and pressing a button, must make the relative cost of anything but machine translation seem high.

The cons 

Unfortunately, the translations that machines produce are limited, and not always the most reliable.

Forget about the 6,000 – 7,000 languages thought to exist; there’s no automated translation tech in the world that is an expert in the comparatively small 1,000 languages that are economically important in the world today. In fact, the most that the more popular online tools, like Google Translate, can handle is about 100.

Even one of the researchers who worked on the GNMT team said that the software “doesn’t have a model of how the world actually works yet.” If a machine with language skills has no common sense, why should we trust it with our high stakes corporate translations?

When can you use which kinds of translation? 

If you’re a small business in need of language skills, the expenses associated with hiring a translator on a regular basis, or hiring bi/multilingual staff may be too much for your company to take. If that is the case, there are certain, low-pressure situations in which machine translation could prove useful.

For example, if you need to translate the occasional email off the cuff, then machine translation could very well give you enough information to get by. If you need to translate a competitors website for internal analysis, then automated translation should work effectively enough for you to do your job.

If you’re looking to have regular contact with speakers of other languages on a casual business basis (provided they aren’t potential customers), then it may be worth investing in foreign language speaking staff, or training staff in the relevant languages.

However, if you are planning on branching out into international markets, then there is no substitute for professional translation services. Translators of quality can not only translate at expert speed and to the utmost accuracy, but they will also localise your translation to your target audience, which is vital. Never forget the mistake made by American Airlines when their non-localised ad campaign telling customers to “Fly in Leather”, a slogan designed to promote their new leather seats, translated in certain Spanish speaking parts of the world as “Fly Naked.”

Entrepreneurship Lessons to Learn

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Many successful entrepreneurs have learnt several valuable lessons that have significantly changed their start up business. In retrospect, some wish they had learned the lessons sooner. We’ve put together some of the top tips entrepreneurs wished they had when they first started.

  • Mentors Are Vital

Before launching your business, you should find a mentor with extensive experience in your industry niche or field.  Having a valuable mentor will enable you to match up to the high expectations placed on you and will also challenge you to reach your full potential.

It’s likely that, like most other new entrepreneurs, you are prone to making common mistakes. However, having a trustworthy mentor by your side can prevent any expensive business decisions.

It is imperative to put your ego aside and just listen. While choosing a mentor, keep in mind that the perfect mentor is not someone who is just successful but is someone who can provide you knowledge from their life experience and help you steer through the obstacles on your path.

A good mentor can teach you business values and tactics to overcome problems. Seeking guidance from a person who has industry knowhow and experience will help you to take action, rather than just worrying. Having somebody by your side willing to challenge you and raise the stakes will allow you to raise your game to another level.

As a beginner, there’s always going to be challenges and issues to overcome. The key to overcoming these obstacles is to remain true to yourself and listen carefully, as well as following the guidelines of your mentor.

  • Branding is Important

Many people think that branding only applies to their products or services. However, that’s only half true as it’s also about the person representing the company.

To put this in context of the success of your business, you need to stand out from your competitors. If you want investors, you have to provide them something they would be interested in so they’d consider investing in your venture.

Business is all about relationships, and clients are looking for much more than just the service you offer. They need to feel comfortable and trust the person they are seeking services from, especially if you are new in the market.

You need to ensure that you are well-informed about your services and products. The more knowledge you have in your field, the more trustworthy and powerful you appear to customers.  At the same time, reliability will help you market your services/products and drive customer satisfaction.

You need to keep in mind that we live in times where everything is guided by opinion and perception. Being well dressed keeps you appealing to clients. This can also form personal branding as when you feel good about yourself, you tend to feel more confident; and it is no secret that confidence leads to success. This is just an instance of branding yourself; you can try your own ways to feel more confident. The best part is that there are no rules and guidelines about branding yourself. Go ahead and do your own research and development, anything that works to improve you and makes you feel more confident works. Remember that your business is a brand and so are you.

  • Marketing is a Strong Word

You can have a great idea for a product or service, but if others don’t know about it, it’s not going to work.

Getting people to your website or shouting about your products on social media are a great way to get the word out to your target market, but there is an art to it.

Here’s the golden rule: target the right audience for your niche marketplace. This is important, for instance, you don’t want to be selling fat-burners to thin people. As a start-up business, PR is key to successful marketing. You need to make people aware that your product or services exist.

Strategies you implement to market your business can lead to more familiarity and favourability towards your brand name amongst your target audience through word of mouth, social media and getting featured on several vendor websites that highlight your services.

It may seem simple and ineffective but word of mouth can be an excellent way to build trust toward your brand, particularly within tight knit communities. This is why you must always place great emphasis on providing exceptional service to your clients and aim to leave them with an unforgettable experience.

Social media has become an excellent platform, that has immense business value. With the right strategy, you can access millions of potential customers in minutes.

Learn how to utilise social media platforms and create a stronger online presence to market your services or products. Engage people and you’ll notice the effect on sales.

  • Having Emergency Funds Gives You Security

About 80% of start-ups fail in first few years due to financial instability. You can stave off such scenarios by planning for it beforehand and having emergency funds reserved for your business. During the early stages, businesses need to invest and it’s very easy to run out of funds in the quest of meeting all your requirements. It’s crucial to have reserve funds and more importantly, know where to get help if you need it. You can opt for alternative business fund such as Invoice finance, cash flow finance etc, as a great way to fill in your cash gap between business goals and reality. Look for a reputable business finance provider who can provide financial products such as cash flow finance, asset finance and invoice finance that are best suited for your business.

  • Work Until Your Idols Become Rivals

Keep in mind that there’s always someone who is working just as hard as you or even harder. Make sure you’re on top of your game.

You need discipline, commitment and dedication to become a successful entrepreneur. There are always going to be people who don’t believe in your vision and they’re not worth bothering about. As humans we’re bound to make mistakes, which is how we learn and improve. There have been numerous success stories that started with mistakes and failure, but the key is to always keep fighting. Never back down or accept defeat in your pursuit.

In order to go ahead and realise your vision, you have to remove the negatives in your life and surround yourself with like-minded people. You need positive people who support you to truly succeed.

Find the right fuel for your business and it will sky-rocket you to success.

Resources businesses can offer their employees

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Increasingly, the lines between time spent at work and time spent outside of work are becoming blurred. It used to be the case that we went to work for a fixed number of hours every week, and then used our free time for things such as exercise, self-improvement, evening classes and domestic tasks, as well as leisure activities and just plain relaxing.

Now, we are all working longer hours and taking our work home with us, but the trade-off is that we expect greater flexibility and in-work benefits that help us to manage our out-of-work needs. These changes are enabled by the way that the private sector is taking on more areas that were once the responsibility of the state, such as healthcare and education. This situation can ultimately be made to work for both employers and employees if businesses put careful thought into the best resources that they offer their staff.

Better benefits 

These resources fall under the general heading of in-work benefits. Financial incentives such as higher wages, bonuses and overtime are always welcome, of course, but many SMEs simply don’t have the budget to effectively offer their employees more money. Thankfully, there are other ways to make your team feel valued and rewarded. Non-financial incentives can sometimes even work better as they are less divisive, more personal and longer-lasting. A surprise bonus in one month’s pay packet is all very well, but the opportunity to learn a new skill can be of benefit for a lifetime, and can help the recipient advance their career so that they are regularly earning more money each month – and, of course, a more capable and skilled employee is of greater benefit to the company.

Empowering employees 

Offering learning schemes and programs can also give employees greater self-confidence and can empower them to achieve more, to everyone’s benefit. Think about what skills it would benefit your employees to learn, and look around for a provider that your company can partner with. The Knowledge Academy, for example, offer courses in IT, business management and project management training both for individuals and company workforces as whole. Obviously, the courses offered should relate to the sector that your company works in in order to give the best advantage for the company and for the kind of person who wants to work for you.

Healthy and happy 

Free or reduced gym membership is another common benefit that companies offer their employees, and giving your staff the opportunity to look after their physical health benefits both parties. Longer working hours in office situations often mean less opportunities to exercise while stress mounts up, resulting in more cases of obesity and high blood pressure, as well as absenteeism and general poor health.

Health-based resources are a good thing, but why stop at the gym? Yoga, running classes and even weekend five-a-side football matches are all worthy alternatives. Looking after your employees’ mental health is just as important as encouraging them to take care of their bodies, so why not think about offering meditation or mindfulness sessions? At the end of the day (or even in the lunch break!), everyone should be able to choose the method of staying healthy that works best for them. To this end, you could consider offering wellness vouchers that can be used in a variety of ways. This approach is also fairer as it doesn’t discriminate against employees with disabilities or other special needs.

Insurance incentives

Workplace health insurance plans are another great incentive to keep staff loyal and attract the skilled, self-motivated workers that you need. Again, there’s no reason to stop at health insurance, as other forms of insurance could be just as valid. One could look at workplace pension plans. It’s now compulsory to offer some kind of workplace pension, but obviously some are better than others. An exceptional pension scheme can be a great way to attract and retain employees, but be sure to let them know about the extra benefits that you are offering.

Offering employee benefits is a great way to improve morale and so increase productivity. It also tends to reduce staff turnover as employees are more loyal, not only because the company offers them resources that are useful to them but also because they feel valued and part of the team. Being able to learn new skills and improve one’s health through work is empowering and motivating. As a result, everyone benefits, not just today but also tomorrow and further into the future.

Will I have to pay tax on a lottery win?

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“Yeah, but they’ll lose half of that in taxes.” It’s something you hear all the time after people win the lottery. You might have said it yourself. But is it true, or is it unnecessarily cynical?

Lottery winnings can be a huge amount of money, so you may expect them to be taxed in much the same way as a large salary. The truth is, there is no official tax on lottery winnings, but that doesn’t mean some of your prize income won’t go to HMRC in the long run.

Lottery winnings are not taxed, but…

Officially, there is no HMRC tax on lottery winnings. The government body’s Capital Gains Tax page makes that clear, naming any income from “betting, lottery or pools winnings” as tax exempt. So you are free to enjoy games such as lotteries, bingo not on Gamstop, or table games at any time.

This may be surprising, as other countries’ tax collectors do take money from tax winnings. In the USA, for example, lottery winnings are taxed as ordinary income, meaning 39.6% goes to the IRS.

Fortunately for UK residents, even winnings on foreign lotteries will not be subject to taxes from HMRC. People in the UK can play the eurojackpot online and take home 100% of their winnings. A eurojackpot player in, say, Portugal would have to pay 20% of that to the government.

Despite their nontaxable status, it is entirely likely that you will end up paying taxes on your lottery winnings once you put them in the bank. One way this could happen is through taxes on your savings account. An Independent Savings Account (ISA) is limited to £20,000 per year, likely to be a tiny fraction of your jackpot winnings. Anything over that will be subject to capital gains tax. Your options are either to put your money in a savings account that doesn’t accrue interest, or put your money in other kinds of investments.

Where you could lose the most money in taxes though, comes not through what you do with your money while you’re alive, but what happens to it when you die.

Inheritance tax could mean you lose big 

Known by those who oppose it as the “death tax”, inheritance tax is currently set at 40% of everything above £325,000. This may not affect everyone who dies, but it can hugely decrease the amount of wealth lottery winners pass onto their descendants.

The rules differ depending on your marital status. As this helpful Money Saving Expert guide explains, when one partner dies, they receive all their inheritance tax free. The living partner consequently doubles her or his tax-free inheritance allowance. When the second partner dies, they can pass on £750,000 tax-free.

If we’re dealing with lotto jackpot numbers in the hundreds of thousands or even millions of pounds, inheritance tax could take a huge chunk of your winnings. If you win £150 million, for example, you would have to pay £59,870,000 to the government when you die. This significantly restricts the amount you can leave to your family and friends in your will.

You’d be forgiven for thinking that a simple way to avert this would be to give those you love presents before you die. But that may be more complicated than it sounds. 

Be careful about giving presents to family 

In 2006, 83 year-old Bob Bradley became Wales’ oldest lotto jackpot winner. In a heartwarming gesture, Bradley donated most of his £3.5 million winnings to charity, and spent the rest on presents for his friends and family. “I haven’t kept any money for myself,” he said at the time. “I can just give my family all they ever wanted.”

He bought his son a £70,000 Mercedes Benz, his grandson a £500,000 home, his great grandson a £25,000 motorhome, and his great granddaughter an £8.50 rabbit (that was all she wanted).

One year later, he passed away, and that was when the trouble began for his family. Although Mr Bradley was not taxed when he received the £3.5 million, his family were facing 40% inheritance tax on the presents he bought them.

In a bid to stop people cheating inheritance tax, HMRC considers any gifts given up to seven years before an individual’s death to be inheritance. If Bob Bradley had lived to be 90, his presents would have been tax-free. But since he died just one year after buying the presents, his family had to pay up.

As The Telegraph explains, the most someone can receive as a gift before inheritance tax is applied is £3,000. Bradley’s great granddaughter won’t have to pay anything on her £8.50 rabbit, but Bradley’s grandson will face a significant fee for his £500,000 house.

The key takeaway from this story is this: spend all you like on your family, but don’t think it will help you avoid inheritance tax. If you’re buying something big, make sure you live seven years afterwards.

Buying a masterpiece: How to find art with the largest investment potential

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Buying works of art is continually proving itself to be one of the most smart and reliable investment decisions there is. In the seven years since 2010, seven paintings have sold for more than $100 million at auction. Jean-Michel Basquiat’s “Untitled” (1982) was the latest to join that exclusive group. The expressionist painting sold to Japanese entrepreneur Yusaku Maezawa this May. Yusaku plans to display the work in a museum, but if he chooses to sell it years down the line, there’s no doubt he’d make a huge return.

It’s clear that art investment can be lucrative, but this is only true if investors buy the right pieces. How can you tell which artworks will be worth millions, and which will just gather dust? Figuring this out is crucial to successful art investment. It isn’t easy, but thankfully there are a few guidelines you can follow to help you find the right masterpiece.

 

Art that explores political and societal issues of the era

There’s a reason Basquiat’s “Untitled” (1982) sold for such a healthy sum. The artist himself died when he was just 27, giving him an immediate status as a cult figure. He was a friend of fellow $100 million-club artist Andy Warhol and, let’s not forget, a great artist in his own right.

While these factors may have helped drive up the price, the most important reason his art is so treasured is its political value. Basquiat’s work captures the frustration, anger and despair that African Americans experienced in his era in an urgent and creative way.

Any art that similarly encapsulates political moments or movements has the potential to sell just as big. Picasso’s “Guernica”, for example, responded to General Franco’s fascist rule in Spain, while Patricia Piccinini’s sculptures challenge genetic engineering.

At the moment, some of the best political artwork is grappling with the harsh realities of the refugee crisis. Take Japanese multimedia artist E.B. Itso, who investigates the idea that refugees “shed” a layer of their past in his “Sheddings” series. Art like this is likely to acquire value in the coming years, as good political art traditionally does.

 

Artists with an instantly recognisable style

Another money-making aspect of Basquiat’s “Untitled” (1982) is the painter’s hugely idiosyncratic style. With his roots in New York graffiti culture, Basquiat took many techniques from the streets with him when he moved into the more traditional realm of expressionist painting, giving his work a uniquely recognisable edge.

Artists with recognisable styles often create works that greatly increase in value over time for a variety of reasons. For example, if the artist was ahead of their time, and their style eventually gains appreciation or imitators, they will be hailed as a visionary. Perhaps more likely, it will just gain value because it is beautiful, moving or provocative, and difficult to replicate.

British Painter Ian Davenport is a pioneer of the “poured lines” technique. His deceptively simple work is layered and complex, with incredible technique. No one else makes paintings like these. Indian artist Prabhavathi Meppayil takes minimalism to a new level, using the tools of a goldsmith to create tiny notches in panels.

 

Artists at the forefront of their movement 

If you are convinced of the merits of art investment, and you’re planning to spend a lot of money, perhaps the safest bet is to buy artworks by artists who are leaders of their movements. Picasso, widely considered the leader of the Cubist movement, is the only artist to have sold more than one painting for over $100 million. In fact, he has sold three. To be completely accurate, he didn’t sell them for this much money, the paintings’ owners did.

More recent movement leaders include Damien Hirst and Tracey Emin of the Young British Artist movement, both of whose work is highly lucrative; and Edvard Munch, a key Expressionist figure, whose iconic painting “The Scream” sold for $119.9 million in 2012.

The artworks don’t even have to be the best each artist has produced. Picasso’s “Garçon à la Pipe” sold for $104 million in 2004, yet most critics consider it a below average effort from the great artist.

Getting in on the ground floor with a new, up and coming movement may be the best way to make returns with this approach. Digital art, for example, is on the rise. In years to come, the pioneers of this genre may find their names on the biggest-selling artists list. And whoever bought their paintings while they were cheap will make a huge return on investment.

New regulations regarding the marketing of credit and private loans in Norway

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As of the 1st of July 2017, the Norwegian government has issued new regulations regarding the marketing of products in the private financial sector, specifically loans without security in property or personal assets stemming from bank-loans or credit cards.

Background

Norwegians have acquired increasingly higher debts from unsecured loans over the last decades, and in 2016 alone the total growth in debts of this type reached 15% according to the Norwegian Central Bank. For a lot of people these kinds of loans bare with them a higher degree of personal economic freedom, but are at the same time a source of serious financial issues for some people. Therefore, it is the Financial Departments opinion that the market for these products is not functioning properly, and should be regulated. In the new statements from the government, specifically two issues will be handled by the new regulations:

The aggressive marketing made by the banks and credit institutions, in which they emphasize benefits such as quick granting of loans, immediate transfers of the money to be borrowed, and the simplicity of the application processes, intended to make people apply for loans based on these benefits regardless of whether they need the loans or not
The fact that many people are granted new and expensive loans, even though they are already heavily in debt and unlikely to be able to handle the expensive interests

The new regulations and their implications for consumers and banks

Regulation about the billing of credited debt

The Norwegian Government emphasizes a need for the consumers to attain a better overview of the entire debt they are obliged to pay for a certain loan or credit card. To facilitate this, the Financial Department has made a regulation which requires the financial institutions to inform the individual debtor about the total amount of the debt that he or she has, on every single bill. For the consumer, this means that on each bill he or she receives from the bank, there will be two numbers: both the one which is to be paid this month, and the amount of the entire debt that is owed. In this way, the consumers will attain a better insight into the amount of money actually owed, and is meant to make them more aware of whether or not it is a good decision for them to apply for new loans.

The new law about the information of individual debt

Today, the financial institutions granting private, unsecured loans always do automated checks of the applicants’ private economy in order to consider the persons ability to handle the loan. These are far from perfect, however, and many customers are still able to be granted new loans from new banks, in spite of them already being seriously indebted. To counter this, a new law has been issued by the Norwegian Government, making it mandatory for the banks to run a background check of all applicants in the new debt information-register which is about to be made. In this way, the banks can acquire real-time information about the debts of their applicants, thereby reducing the risk of increasing the debt of already heavily indebted customers.

The new regulations of marketing of unsecured loans

On top of the two preceding regulations, specific regulations have also been issued for the marketing of unsecured loans.

These rules pertain specifically to the way in which the advertisements about unsecured loans are designed by the creditor institutions, and include guidelines such as:

The short time in which one may be granted a loan is not to be emphasized
The simplicity of the application process is not to be emphasized
The availability of relatively high sums of credit is not to be emphasized

Special thanks to Scandilån Norway for sharing this information to us.

Reference sources:
https://www.finansnorge.no/contentassets/43027ea11f4a4741a68b5676046409f9/markedsforing-av-kredittkort-og-forbrukslan-06.02.17.pdf
( All financial companies branch organization)

https://www.regjeringen.no/no/aktuelt/regjeringen-varsler-offensiv-i-markedet-for-forbrukslan/id2547941/
(Government Norway about the issues and warning for offensive marketing in private pay day loans )

Secrets to hire the right SEO service provider

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Having a strong, in-depth knowledge of SEO is not the only important consideration while hiring a professional SEO service provider. Most of the time , it has been seen that even though you leave no stone unturned, your website is still not able to improve its ranking. SEO can be considered as a continuous process that needs a lot of time and effort to produce good results. For businesses or individuals that are just starting off, it is mandatory to understand that their website must cover all the basic elements of SEO and must be fully optimized. There are numerous SEO companies out there, looking forward to offer you reliable services. Some of the important things that you need to consider are as follows-

Guide on site evaluation

An in-depth analysis of your site with respect to content and the design structure is a very important aspect. A reliable SEO firm must be able to provide you with a complete website audit and outline what steps will be taken to improve the ranking of this domain.

Tools used to determine keywords

It is very important for you to understand the methodology followed by an agency to figure out the right combination of keywords. The research involved with keyword evaluation along with the tools used can be useful to understand the approach followed by the agency. Obtaining backlinks is an important part of SEO optimization. Also a reliable SEO service provider would try to get high end quality back links that are related to your domain. It is very important for you to know the techniques employed for obtaining backlinks.

SEO techniques used

In order to improve your ranking, it is very important to have a top level understanding of the techniques involved in the entire procedure. Finding agencies that will improve your website’s ranking in no time is quite easy. Acquiring low quality backlinks will improve your rankings in the short term, but will be detrimental to your business in the long run.  A good SEO company will never use any sort of deceitful strategies to get your website a higher ranking and instead will follow an organic strategy to build a strong backlink profile

Cost structure

The cost for seo services is not always a true reflection of the kind of services provided. Also, expensive quotes don’t necessarily mean that the agency will offer you high end services. A reliable SEO firm will give you a complete detailed breakdown of the services which will be directly related to the performance.

Proper timeline

There are many SEO service providers that guarantees you results in 10 days- which is practically impossible. You need to understand the difference between a false pledge and a genuine guaranteed result. SEO optimization is an ongoing continual process where regular maintenance, customer support and proper web management are necessary. Do not go for any agency that gives you a time limit for the outcomes you expect.

Opt for targeted traffic

There are lot of agencies that can attract large volumes of traffic to your website. However, if this traffic is completely irrelevant, you’ll end up with high levels of traffic but no conversions. A reliable agency can help to target consumers that will be genuinely interested in purchasing your products or services. Based on the right keywords, relevant website content and proper distribution of the same in social media platforms and other relevant distribution channels, a good agency can target the right audience for your brand.

Apart from the above points, the agency should be able to provide transparent deliverables along with weekly and monthly reports. Click Consult has recently released an SEO uncovered ebook which outlines key steps which should be taken when implementing an organic search strategy. Following these steps will help you improve your website’s ranking, increase the amount of traffic you receive and ultimately increase your revenue.

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