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5 Costly Mistakes Business Leaders Commit in Today’s Digital Era

Anwar Shaikh
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5 Costly Mistakes Business Leaders Commit in Today’s Digital Era

Tesla is expected to see a staggering surge of 30% in its earnings in the next five years per experts and trade pundits. Analysts even forecast a boost in earnings for the current fiscal year by 14% for Tesla. (Ref: nasdaq.com/symbol/tsla/earnings-growth). This evidences that companies equipped with the right strategies and tools are able to strike it hard and quickly in today’s digital world.

As the digital business ecosystem continues to inflate at warp speed, there will be tons of opportunities for entrepreneurs and business leaders to create a major impact in the business world. However, doing so requires practicing utmost caution and avoiding some common mistakes that most of the entrepreneurs tend to commit that could restrain their success and growth.

Here are five common yet costly mistakes committed by entrepreneurs that can throw a business off-track in no time:

1.       No digital presence

Seems quite hard to digest, but yes there are several businesses out there going without a digital presence i.e., without a website. Yes, without an online presence, it is certainly a tough thing for a business to be found.

Even if a business were listed on white pages or similar sites, most users would prefer visiting a company’s official website to learn more about it before they make any decision. So a business without a site is simply shoving away potential customers to its competitors.

2.       Not doing SEO the right way!

After having a website, the next thing is to make sure that it is discoverable. This is where SEO or search engine optimization kicks into the picture. SEO might appear simple in terms of theory, but it takes an astute mix of right keywords for your site to rank in top searches thus, bringing your business closer to potential customers. The better your keywords are for SEO, the higher your page rank will be on search engines.

Though theory might seem simple, practical implementation is opposite. On the other hand, where the SEO rules keep on changing on a regular basis, it turns a daunting task to keep up. This is the reason it is advisable to employ an SEO expert in-house to avoid getting it wrong.

3.       Choosing the wrong web hosting service

When it comes to hosting a site, you have the following options at hand:

  • Cloud hosting
  • Dedicated hosting
  • Virtual private server
  • Shared hosting

Prices vary significantly for each of these options. The type of web hosting that would best fit your business depends on numerous factors such as download speed, business volume, estimated growth, reliability, etc.

Though it is not an intricate job like SEO, it is advisable to rope in the recommendations of an expert. For instance, if you have a website designer on board, then ask him/her for some suggestions. If you are doing it on your own, ensure to pick a reputed web-hosting vendor. You might also want to pick the best plan ensuring without overspending. Many businesses are resorting to cloud hosting these days due to its budget-friendly, scalability and maintenance friendly benefits.

4.       Not being mobile-friendly

More than 50% of the people in today’s digital era access the Internet via smartphones. Thus, if your site is not mobile-friendly, you might lose out on a huge chunk of the audience out there.

To be successful in digital business ecosystem, your site not only has to be mobile-friendly, but it should also offer a navigation-friendly interface for the users.

5.       No social media presence

It is awful to see a lot of companies these days that do not have a social media presence. On other hand, a huge number of businesses mark their presence on social media with a feeble Twitter handle or Facebook page with only a handful of followers and posts, which is similar to not having any social media presence.

In today’s digital era, businesses ought to be where people are, which means social media. They need to actively work towards building new followers and post amazing content for the users.

  • More than 90% believe that a company must have a social media presence.
  • More than 80% believe that a business should not only have a social media presence, but it should also interact and engage with the users on these platforms.
  • More than 50% feel a strong connection with a business that has interacted with them on social media platforms.
  • More than 70% are likely to buy from a business that had interacted with them on social media.
  • More than 25% are likely to suggest a brand or company after having an interactive engagement with that business on social media.

Thus, with the right mix of strategies and talent, businesses can leverage the power of social media to attract more number of followers, generate more leads and close more deals whilst maintaining satisfied customers.

The digital era is not only becoming omnipresent, but it is turning much bigger and invasive. So for a business to survive in today’s cutthroat economy, it has to first emerge successful at going digital.

Plan your estate and retain your wealth (Interview)

Muzahed I.
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Plan your estate and retain your wealth (Interview)

You’re planning to leave your hard-earned wealth to your children, but they’ll likely only see a piece of the money since the government is looking to cash in on the transfer.

We wanted to learn a little bit about what it takes to keep more money in the family and less in the government’s pockets, so we sat down with Joe Garza from Garza & Harris, Ltd. and talked about the right way to plan an estate.

Capital Press: Joe, can you tell us about an estate planning experience that stood out to you? Something where you were able to get a big win for your client?

Joe: There are actually two that come to mind. Both of these clients had children that were involved with companies they both owned, children that would one day take over these companies. While they were in similar situations, our firm planned their estates in two different ways based on other circumstances surrounding them. Our first client was able to transfer their company and funds to the children with almost no loss, while we hit some unexpected trouble with the second, but even they saved almost $6 million in estate tax.

Capital Press: Can you give us a few details about what you did for the first client you talked about? What were some of the goals you all had to work toward?

Joe: Sure, this client was very adamant about leaving money, not only to the children, but to charity as well. The client wanted a plan in place that would keep the company making donations throughout this whole process. They also wanted to make sure the children were ready to take over the company or that they were at least in the process of learning how to properly run things in all aspects.

Capital Press: And how did that affect your strategy?

Joe: Well, the company was actually going through a downturn at the time so we used that opportunity to gift just under half of the company through multiple grantor retained annuity trusts (GRATs) at a lower value. That valuation reflected substantial marketability and minority discounts because the minority shareholders couldn’t sell their shares and they had to abide by the management decisions of the majority shareholder. Also, the value of the shares was reduced by a contract under which the corporation had to pay fees to an affiliated company for management services while the children were still learning the ropes so to speak.

Capital Press: What about your client’s ambitions in charity?

Joe: The owner had a charitable lead annuity trust or CLAT, so when they died, the stock would be transferred to the CLAT, which would pay an annuity for a set number of years to a charity. That eliminated all estate tax that would normally be due on transferred property. In the end, our client retired and was able to transfer more than $100 million in stocks, virtually tax free.

Capital Press: That’s quite impressive. Now, you mentioned with the other client, you took a different route and ran into some issues? Do you care to dive into that a little for us?

Joe: This particular client was in poor mental health and had turned over power of attorney to a son. Again, the company was in decline so we used an “estate freeze technique”. We transferred an appreciating asset to an heir, where any appreciation after the fact totally escapes the gift tax. We also pushed for a sale to an IDGT, so the transferor is still the owner for income tax purposes and is taxed even after the transfer. But, for estate and gift tax purposes, it’s completely like the owner made an irrevocable transfer of ownership to that trust. Many details later, it really came down to the client passing on unexpectedly. We would’ve used a different plan if we had foreseen that. Nevertheless, even with owner’s unexpected passing, the sale to the IDGT saved almost $6 million in estate tax. The children actually now own equal stock in the company.

Capital Press: Joe, we can’t thank you enough for sitting down with us. Do you have any general advice you can share with us before you have to leave?

Joe: Sure, sure, let’s see. I’d say the most important thing would be to plan ahead. It’s never too late to call us, but the earlier you start any kind of wealth management or wealth retainment, the more options you have. Communication is key as well. There have to be constant updates on both sides for any changes like health problems, the possibility of divorce, a change in designated heirs, what have you.

Capital Press: That’s great advice. We will make sure to take heed. Well, thanks so much again, Joe. Have a great day and we’ll talk to you soon.

There you have it. Stories and solid advice from one of Dallas’s top financial lawyers. If you’re thinking of planning your estate and want to retain as much of your wealth as possible, consider getting solid financial advice. Doing things the right way pays off.

Top 6 Online Basics Your Business need to Survive

Gaurav Kanabar
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Top 6 Online Basics Your Business need to Survive

The Internet has taken over the world very rapidly. As a small Business owner, it is really important to understand new & emerging trends. How people consume information has changed the way social media has emerged as a very quick source of information. According to Pew Research center , 72% of American Adults now own a smartphone up from 35% in 2011.

Small business often struggles with competing online with other. You don’t need to go all-out with online marketing and reputation strategy. If you want to build a buzz online about your business there are some basics you need to put in place.

Social Media

Social Media have gained lots of attraction over the last few years. Social media can help you drive lots of traffic and sales. You need to have social media presence. Through Facebook, Twitter, Pinterest many people find you online for the first time. Through Social media, you can build a huge fan base. You can interact directly with your customers and ask for reviews and feedback.

Website Design

Nice and easy UI/UX design is a necessity for the small businesses to thrive online. Your website is the virtual door for the user to explore your offerings. The website is the place where people can find you online. It is also a great way to generate new leads and contacts for your business. Nice and easy website design for your business can generate good leads for your business. Responsive website design enables a business owner to create a smooth experience for users across different devices.

Website Copywriting

You need to write a copy that sells. There is a proven sales copy formula that provides a journey through the selling process from the time they arrive on your website.

You need content, just not words. Valuable, engaging, shareable words on your website. Web site visitor’s attention span is very less. They want to learn and discover. So you need to write killer content to win over them.

  • Write compelling Headline
  • Establish Credibility of your product/ brand
  • Add Testimonials
  • Create Urgency

You need to focus on how your product or service will be able to solve the problem in a unique way.

SEO & Local Citations

Search Engines can drive you lots of free traffic. SEO makes your website searchable by search engine crawlers and users. You need do keyword research, write meta titles, meta description etc. on your website. Your potential customer will be able to find you with the keyword that you have optimized your website for.

Local citations are brief entries on your website on local directories or review sites. Sites such as Google Place Listing, Yelp, Trip advisor can be a good place to list your business.  You need to make sure uniformity in the company name, address, phone number, email address etc. Local citations are really good for local SEO and online visibility of your website online.

Content Marketing

You might have heard the term Inbound marketing or marketing your business with content. It is not just enough to provide good product or services at a good price. You need to attach lots of potential customers and visitors to get sales. A good content marketing strategy will not only earn your backlinks but also result in better SEO of your website. If you start creating a content with a smart plan you will get good business from your website.

Lead Capturing and Lead Nurturing

You have worked hard to design your website and market it. Now you don’t want your customers to leave your website without contacting your or at least giving their email address. You need to make it easy for the website visitor to give you their contact information. For example, you need to include email capture options on your landing page and services page. You can also include live chat feature as well. Capturing the lead is one part and lead nurturing is the other. Once you get the email address or phone number, you can start sending out an email with new product updates, industry trends, new happening etc. In this way, user will get familiar with your brand and may become paying customer.

Donald Trump and how the wealthy find tax loopholes

Muzahed I.
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Donald Trump and how the wealthy find tax loopholes

The trending subject on Google, and just about everyone’s mind, is presidential candidate Donald Trump’s taxes. Firstly, the $916-million loss that Trump suffered in 1995, and secondly the fact that Trump didn’t pay taxes for 15 years afterward.

However staggering this financial loss may seem, the potential POTUS was able to use the American tax laws to his benefit, and what could have been financial ruin turned out to be the very thing that allowed Trump to get back on track when so many others filed for bankruptcy.

The real story here is not Donald Trump though. Wealthy people and companies have found loopholes in our tax laws for decades, a lot of them can be considered even worse than the presidential candidate’s write off of a near $1 billion loss. The real story here is these so-called loopholes and the tax breaks that are (perhaps unfairly) biased toward the rich.

The tax loopholes that Trump loves so much are legal. But to actually take advantage, you’d need a large team of top financial lawyers working through such an incredible amount of information that the deed isn’t financially fathomable for most Americans. That’s where the inequality lies.

It doesn’t stop there, however. The entire U.S. tax system supports the rich.

Regular income like your yearly salary is taxed at a much higher percentage when compared to income from investments.

“While higher salaries do receive higher taxes, income that’s made from investments is taxed much lighter after you’ve owned them for a year,” said Joe Garza, senior partner at Garza & Harris. “The maximum tax rate is 20% for capital gains, no matter how much you make and wealthier people are much more likely to have high-profit investments as there is usually a higher start up cost.”

The charitable-giving deduction works in favor of the rich as well. Depending on what tax bracket you fall in directly affects the amount of money you get back.

“It’s simple math actually. When you donate an amount of money to charity, whatever percent your income is taxed is the same percent you’d get back from your donation”, said Garza. “So if a person in a 20 percent tax bracket donated $10,000, they’d get back $2,000 in taxes. But the same donation from someone in the 10 percent tax bracket would only yield $1,000.”

“People can donate whole houses too,” Garza continued. “They’ll have the place completely removed and donated so they can build the house they actually want, while taking a deduction on the donation. This process only works if you pay enough in taxes, however.”

Moreover, according to USA Today, if you make a charitable donation of $100,000, you can deduct that full amount from your taxes. That’s definitely not something just anyone can afford.

Wealthy yacht owners can enjoy a break as well, since these grandiose boats are taxed as a “vacation property.”

This is where the mortgage interest deduction comes into play. It turns out that as long as a yacht includes a built-in galley, sleeping quarters and a bathroom it becomes more of a vacation property than a boat and entitles the owner to a tax deduction on the interest paid to finance it.

“I’m not a fan of using these little loopholes to cut taxes. There are smarter, less reprehensible way to retain your wealth,” said Garza.

On the corporate side of things, well-to-do CEO’s and higher-ups are enjoying major deductions as well.

Taking clients out to fancy dinners or box seats at the opera is considered a business expense and is therefore tax-deductible. The bigger scandal though, lies in the use of company cars or private jets. Huge, wealthy corporations are not only sending people to offshore meetings in private jets, which are all tax-deductible, but some insist they’re higher-ups use them for vacations as well. They can get away with it by calling it a “security measure and earn themselves another tax write-off.

While Donald Trump is getting a lot of flack for his doings, he’s not the first (or even the worst offender) and he surely won’t be the last to take advantage of the American tax codes. The American elite have hired expensive financial lawyers for decades to get a break in their taxes. We don’t think it’ll stop anytime soon.

Features associated with Company Financial

Muzahed I.
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Features associated with Company Financial

Power as well as soundness associated with company depends upon the actual accessibility to financial as well as proficiency along with that it’s utilized. The actual large quantity associated with financial can perform miracles and it is shortage may wreck a more successful company. Financial boosts the power as well as viability associated with company. This boosts the opposition capability of the company to manage deficits as well as economic downturn. This is like the lubrication, the greater it’s put on the company, the actual rapidly the company may proceed. Subsequent titles clarify the significance associated with financial in order to company:

01. Starting Company

Financial may be the very first as well as for the majority of dependence on each and every company. It’s the starting place of each and every company, commercial task and so on. Regardless of whether a person begin a single amazing issue, the relationship organization, a business or perhaps a charitable organisation organization, you’ll need sufficient quantity of financial. It’s similarly essential for revenue looking for as well as non-profit actions. It’s similarly essential for the international business as well as for any free of charge dispensary.

02. Buy associated with Property:

Financial is required to buy a variety of property. Even though credit score can be obtained a few deposit will be created. Mainly financial is required in the beginning associated with company for that buy associated with set property. These types of set property eat a lot of preliminary expense from the business owner, therefore he might encounter liquidity trouble within operating daily matters from the company.

03. Preliminary Deficits:

Absolutely no company reaches higher revenue about the very first day time associated with beginning. A few deficits tend to be regular prior to the company gets to it’s complete capability as well as produce sufficient income to complement price. Financial is essential to ensure that these types of preliminary deficits could be continual as well as company may be permitted to improvement progressively.

04. Expert Providers:

Particular company require providers associated with specific staff. This kind of staff possess wealthy encounter within specific areas plus they can offer helpful assistance to create company lucrative. Nonetheless these types of providers tend to be pricey. Financial is definitely required to ensure that providers associated with this kind of expert experts could be employed.

05. Improvement:

Company is definitely subjected to alter. Brand new improvements as well as beginning associated with brand new systems replaces aged methods from marketplace. Therefore to be able to stay on the market, this is required to keep your company nicely designed with just about all rising resources as well as methods. This particular needed financial. Brand new technologies is definitely costly because it is best compared to other people. Therefore financial is required to buy brand new gear as well as keep your company operating.

06.  It:

It has transformed the actual location from the company fight area. The house marketplaces have prolonged practically in order to additional comers from the globe. The world will be your client or even rival. To manage this type of brutal competitors, It’s required. Abilities as well as proficiency inside it is capable of doing wonders. However financial is actually once again the actual important element. It’s very necessary to add costly THIS items in the commercial.

07. Press Battle:

The actual ad as well as marketing have be a essential components for that achievement associated with company. The way in which the business person methods a person as well as convinces him or her to buy their item is becoming much more essential compared to the caliber of item. Along with ad upon Worldwide press, the business person may achieve the actual thoughts associated with huge numbers of people world wide. Nevertheless, ad is really a luxurious that each and every company cannot pay for. Large financial is needed to fulfill ad costs.

08. Source Administration:

Financial is extremely required for effective source administration. Assets right here consist of funds as well as recruiting. Upkeep associated with grow as well as gear as well as instruction associated with workers just about all require financial. Business associated with brand new commercial models, growth associated with grow capability, employing associated with nicely discovered skilful workers — just about all

these types of elements can result in large income however in the very first location they require financial to begin with.

09. Share Opportunities:

These types of opportunities tend to be those that are created to maintain sufficient share associated with recycleables at hand. Mass buy associated with recycleables is actually lucrative in this way which buy low cost could be achieved as well as there isn’t any threat associated with manufacturing stops. Therefore businesses usually maintain large amount associated with shares as well as recycleables. However this expense could be created only when a business offers adequate funds or even financial to handle it’s every day procedure very easily apart from keeping large share.

10. Fighting Dangers:

Every thing is actually subjected to a number of dangers. A company can also be subjected to number of dangers. These types of dangers consist of organic risks, load associated with any kind of large legal responsibility, lack of marketplace or even brand and so on. Financial is required to help to make company effective, in order that it may maintain periodic deficits as well as debts.

Essential Tips On How To Recover Your Debt Without Any Interruption

Peter Samuel
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Essential Tips On How To Recover Your Debt Without Any Interruption

It is needless to say that recovering debt from the debtor is a quite difficult job. But for a financial institution or any business that provide service in exchange for the money it is essential. So, when you are already suffering from financial losses due to the failure of payment of the invoices you need to give debt collection a really serious thought.

My experience in this field has taught me that when the debtor is failing to pay you back and you are trying to recover from them the first reaction you are going to get is their anger. Then if you fail to use some trick you are going to get into an ugly confrontation. But you can avoid all of it if you remain a bit patient and involved with the recovery agency in the collection.

Most of the time if your invoices come back without the payment there can be several reasons.

  • The debtor is suddenly have been suffering from a financial crisis due to illness, accident or huge financial loss or family demise.
  • If you are a service provider, the client may state that they are not satisfied with the service they got.
  • The debtor might have left the city without any prior notice.

In the above-mentioned circumstances, it becomes difficult for you to get your money back. This happens especially when either the debtor has left the city without any prior notice or providing the new address. Hence it becomes quite difficult for anyone to track them down and make them pay you again. So, in such a situation you will surely need the help and proper advice of an experienced debt collection agency so that you can recover your loan as fast as possible.

Thus while hiring such an agency, always start with proper planning and make your next move efficiently to recover the debt. There are a few things that you need to keep in mind. For uninterrupted debt recovery here are a few tips for you. Take a look.

Contact Debtor with Gentle Reminder

A gentle reminder is the best way to take the first step for recovering a debt. If you are thinking of going directly and demand the money then it is less likely that you will get the money. Moreover, a chance of ugly confrontation will be there. So, the first step should be a gentle phone call or an email. It will give both of you some time.

Next Step, Direct Demand

Now, once you are done with gently reminding them without any fruitful result you need to take a direct approach. Directly tell them to refund the money immediately. There is no need to hostile and no need to pretend it is perfectly alright if they are not refunding.

Stronger Approach – let the Agency Work

After all these warnings and direct demand, you still don’t get the money you need to ask your agency to work in their own way. In such a situation it often happens that the debtor cuts all ways of contacting him. The debt collection agencies are experienced with dealing such situations.

When you are trusting an agency with this job make sure you know everything about them. Keep the following tips in mind.

  • You need to do proper research while hiring the agency. In which field they are working, what clients they are handling all of these are important to determine whether you should hire them or not.
  • Hire a licensed agency. Since it is the matter of a huge amount of money you need to make sure that the agency also doesn’t cheat you.
  • Look for an agency that has insurance. It will protect you if the agency tries to forcefully recover the debt and the debtor decides to sue you and the agency.
  • Compare the price while hiring.  Before you zero on some agency get a clear idea of their costs and payment.

But sometimes recovering your debt can be extremely difficult, especially if the debtor is skipping it deliberately. So you need to be conscious and make yourself prepared enough to handle any kind of confrontation. However, hiring an experienced and good debt collection agency can help you to get your money back and invoices paid in time.

Thereby, you should always keep the above-mentioned tips in mind while hiring agencies for debt collection.

How to Choose a Career – 3 Golden Rules to Discovering What Career is Right For You

Muzahed I.
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How to Choose a Career – 3 Golden Rules to Discovering What Career is Right For You

When you find yourself wondering how to choose a career, you certainly must find reputable sources and tools to help you make the right choice. Today choosing a career has to be one of the hardest things to do in life than ever before, given the vast amount of information we have at our disposal today than we did in the past. Of course, it can be a lot more challenging if you’re starting all over again but surely not impossible. This question of what career is best for you is certainly not one to skip over because life is short and you don’t have any more time to waste! So here are 3 golden rules to determine what career is right for you.

1. Research the Job Market – As soon as you begin your hunt for a new job you should become a master researcher, gathering information about careers that interest you on the surface. Your investigation will need to include job descriptions, job outlook to determine if will you be able to find work in that field, and information on the required training and education necessary for obtaining placement in that line of work.

2. Schedule an Appointment with a Career Counselor – A career counselor will use diverse tools to assist you in identifying your interests, individuality, ideas, and job skills. This is to self-evaluate your innate gifts and the things you naturally enjoy doing to some degree. Once all these things are combined, your counselor will show how they each play a part in selecting a career.

If money is a problem for you at this time, getting the help you require is still possible. Some local libraries as well as local colleges and universities offer career planning support. Some may put forward free services to members of the community. Also, programs that train career counselors often have students work with members of their communities in order to gain internship credit. Don’t be afraid to search for this support.
When you have tapered down your choices to a few jobs, then you should investigate even further, perhaps conducting some informational interviews with those working in the field. You are getting closer toward making an educated decision about what career to pursue.

3. Take a Test – There are tons of free online self-assessment tools you can take that will offer up several job ideas that may best suit you. Or as similarly recommended in rule number two, you can contact the department at your local employment office, college, or temp agency and ask if they offer this type of assessment. Taking an assessment, although it may appear unnecessary, is a great initiative. You may not actually realize what you like to do until you ask yourself decisive questions. Or, you might know exactly what you enjoy, but have trouble figuring out how to turn that into a profession, so self-examination is never lost time.

This is basically a test that you cannot fail; because there won’t be a right or wrong answer, all you have to do is answer the questions as honestly as possible. This will be a detailed questionnaire asking you about your personal characteristics and your daily life. Depending on the responses you make, you will then be given details, in some form or another (often thru a graph or chart rating) to help you develop the type of job that would be good for you.

If you take the exam in-house with someone, you then have the option of talking with them and they will help you categorize key areas of interest based upon the results of your evaluation. He or she may also continue working with you as long as you require. Either way, if you find an online assessment test or go thru community program, don’t rely on just one single test; take several if you can. Not all are the same, and you may find a secret talent, or a positive reception for one topic, that you didn’t stumble upon from a different test.

These are just a few foundational tips to help you pick a career. There are tons of interesting careers out there but you only need one that you can do with dignity, skill and enjoyment. And keep in mind that it’s never too late to begin this journey.

What do you think? Are these tips useful, or pointless? Why?

Have you done any of these steps in your job search? If so, which one and how was it helpful to you?

Cheers and here’s to a productive job search!

How to Tackle Crooked Employees Technologically

Angelica Dowson
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How to Tackle Crooked Employees Technologically

In every field of life, no matter what you do, there would always be some bad apples lurking around the corner, waiting in wings to pounce at the first opportunity to do what they have been waiting to do for quite some time – to dupe you in one way or another. e has been created exclusively for people like them, dishonest and rotten to the core. IOS Spy can help you out in the following ways to keep your employees in line as well as keep an eye on their activities.

  1. Get Your Hands On Digital Tools

Whether you run a small business with 50 employees or a multinational empire consisting of thousands of employees, you cannot succeed if your employee is trying to pull wool over your eyes. Therefore, investing in digital tools is definitely the way to go. Not only can it help you keep track of your activities and whereabouts, but it can also help you out with;

  • Check their online activity.
  • Keep an eye on the emails being sent and received by your employee.
  • To look through their internet browsing history to make sure that they are not dealing with shady people behind your back.
  • Providing you with live screenshots of what they are doing on your computer.
  • To keep an eye on the social media profiles to make sure they are not posting anything that might reflect badly in the company’s reputation.
  • To ensure that company’s confidential data is not being leaked out to the general public or your competitors.
  1. Become Their Shadow

Spy applications come equipped with a GPS Tracker that utilizes the services of GPS to keep track of target devices. Using GPS based trackers, employees can keep track of their mobile workforce by installing the said trackers and bugs onto company hardware i.e. laptops and mobile phones (automobiles too in some cases) to keep track of their hardware under the possession of employees as well as to keep a discreet eye on their employees. Thus way employees can also make sure they are where they are supposed to be and not slacking off and wasting company’s time at their leisure.

  1. Play the Puzzle Game

Spy apps gives you access to almost anything in the terms of internet and technology. Whether it is the location of your mobile workforce or keeping an eye on crooked employees to keep them for indulging in illogical and unethical activities, you need to be on your guard for make sure that you are not their next victim. Crooked employees are a handful as it is. Even with the use of spy software, it is quite hard to keep them from giving into their rotten tendencies. Therefore, you need to not only have excess to their online activities but you also need to be able to connect the dots and put two and two together to keep any potential lawsuit at bay. Additionally, you can also use the emails sent and received by them along with their internet browsing history to make sure that they are not selling company’s confidential data to your competitors.

The Bottom Line

Crooked is what crooked does, thus no matter how hard you try, if you have a crooked employee working for you, you will always be at risk of being exploited at their hands. The best thing to do in such situations is to keep a close eye on them and invest in a good spy software to track all of their movements.

How To Protect Your Business From Fraud

Muzahed I.
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How To Protect Your Business From Fraud

A survey conducted by ACFE shows that companies lose about 5% of their annual revenues as a result of different fraud schemes. These findings should serve as a warning to every business owner that they have to increase the level of their protection from such actions. The protection has to contain cutting-edge features, provided by reliable companies, since modern scammers have sophisticated methods for stealing your assets.

Impenetrable for outside hackers

Due to a substantial increase of ecommerce businesses and digital buyers, the most hazardous fraud area is online shopping. In this environment hackers usually aim at identity theft, as well as obtaining your use names, credit card numbers and passwords for different bank accounts. What every business needs to ensure is to keep as little information about their clients as possible. Also, it goes without saying that payment methods have to be protected by firewalls and other anti-hacking features.

Moreover, national governments also understand the dangers that digital buyers are exposed to, so many governments have brought laws that oblige companies to inform their clients in case of any data thefts or hackers’ attacks.

Insider’s revenge

A study published by the Wall Street Journal and conducted by Kroll shows that about 80% of the companies that experienced fraud in 2014 had problems with insider’s wrongdoings. There is a reasonable explanation for such results. Nowadays there are more small and mid-sized businesses than ever before. Due to a smaller number or employees in such enterprises, there has to be a high level of trust between manager(s) and employees. The more people possess confidential business information, the higher is the possibility that they will abuse it. Therefore, if a business owner or CEO wants to increase the level of their business protection, their employees need to sign a non-disclosure agreement. It will make the employees aware of the legal consequences of any kind of insider’s tricks.

Cash and assets control

Due to a prevailing customer-centered approach to commerce, employees often fail to spot a foul check, a stolen credit card or counterfeit money. Such mistakes can be pretty costly, both in term of your finances and your reputation. In order to dodge such unpleasant consequences, you should organize a short course to ensure that your workers can recognize a bad check. A similar procedure has to be applied when they are dealing with bank cards, too, as well as any other form of payment. These SBA guidelines can help business owners educate their staff on the threats and fraud incidents they can come across in their offices.

Unreliable outsourcers

Since modern businesses collaborate with one another on the global level, more often than not they opt for outsourcing. While benefits of such business strategies are clear, those deals can be pretty expensive if you do not protect your data and interests in a proper way. For instance, if you need to hire a cleaning company for your business premises, you should sign a long-term contract with them. This is the most convenient way to get an affordable price for their services. However, you can never tell whether or not they will do their tasks on time. This is only one example where business owners should insist on surety bonds. That way the hired party will be legally and financially obliged to meet the agreed terms.

There will always be people who want to make a profit in a dishonest way. Although you cannot fight this fact, what you can do is invest time and assets in protecting your business as much as possible against such schemes. Finally, it is easier to run your business in a productive and creative way when you that both you and the business are secure and well-protected.

Three Ways to Pay off your Mortgage Early

Muzahed I.
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Three Ways to Pay off your Mortgage Early

Paying off your mortgage – whether for a luxury apartment or a villa – will be one of the largest investments and debts you will carry through a lengthy part of your life. Throughout that time you will experience turbulence in the property market, meaning the faster you pay off your mortgage the better position you will be in financially.

To help you make better financial decisions regarding your mortgage, we will look at three ways you can pay off your mortgage faster, freeing you from debt and giving you the financial security you need when you retire or need it most:

Make Big Sacrifices

Choosing to make big sacrifices will hugely benefit your mortgage payments in the long run, as they will help you to put larger sums of money towards paying it off. By choosing to have a staycation for a few years in a row instead of splurging on yearly vacations to Italy, Florida or Dubai, choose to save the money you intended to spend while you were there and put it towards your mortgage instead. You can do this by saving the intended amount you would have needed for your vacation and adding it to your monthly mortgage payments instead. You do not need to change your interest rate to do this. Another big sacrifice you and your partner could make is to have a smaller wedding and skip your honeymoon. Although it sounds drastic, by cutting down your guest list by half and opting to use the other half of the money combined with the money you would have spent on your honeymoon, you could build up a significant amount of money to go towards your down payment or have the option to contribute more money to your monthly repayments if you have already gone through the initial process.

Make an Extra Payment Every Year

This change doesn’t require you to contact your bank or change your loan, it is a personal choice that can be made if and when you can afford it. Choosing to make an extra payment each year will make a difference to your mortgage and will take years off your payments, meaning that you will save money in the long run. You can choose to save some money that you would normally spend on luxury items or experiences (referring to the first point about making big sacrifices) each month until the end of the year, calculating the amount in order for it to add up to a full month’s payment, and put it towards a 13th month payment. Alternatively, if you and your partner receive a bonus or 13th cheque at the end of the year, you can take your 13th payment amount out of that money instead of saving up throughout the year. You can contact your bank if you would like to see how much time and money you could be saving by paying forward a 13th cheque to give you the motivation to make the decision and see it through.

Think About Downsizing

For those homeowners who have owned their home for give or take ten years, and now have children who have grown up and left the nest or for those families who feel like they have invested in a home that is too big for them, downsizing is a great option to think about. By selling your larger home for a profit, you will then be able to buy a small, less expensive home that could help you be rid of a mortgage altogether – or lessen your mortgage a significant amount. Even if you end up reducing your mortgage by a significant amount by downsizing, it means that you have still succeeded in minimising the amount of money you have left to pay back, reducing your debt. You can then use the two steps about to start paying off the rest of your mortgage balance quickly and successfully. If you are thinking about downsizing, but think it might be too drastic a move for you and your family, you should consider downsizing by one room. For example, if you live in a four bedroom house where only three of the rooms are occupied on a daily basis, you could downsize to a three bedroom home instead. You will be surprises at how much money you could reduce your mortgage by, by doing just that, as – depending on the area – a three bedroom house could cost significantly less than a four bedroom home.

You will undoubtedly benefit financially by speeding up the rate in which you pay off your mortgage, regardless of whether you use one or all three of the suggestions given in this article. It is not a decision that you or other home owners need to make now, but the sooner you make the decision the more money you will be saving in the long run and the faster your mortgage will be paid off.

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