Daniel Doyle Pleasantville

7 Important Questions to Ask Before Adding New Employees to Your Team

Employees are the building blocks of your company. You want to have good help. Almost as important, you want to have the right amount of help. Are you considering hiring new people? Here are 7 important questions to ask before adding new employees to your team.

1. How are your employee productivity numbers?

Your employees do a set amount of work throughout the day. It’s important to have certain metrics in place to judge how much work each person is doing. Challenge employees to improve on their productivity and get more work done. You can encourage friendly competition in the office with awards. Winners can even get a monetary reward. Eventually, you will notice people working harder and getting more done. You may not need to hire anyone new after all!

2. Can you afford new employees?

Obviously, you need to be able to pay any new employees that come aboard. Examine your budget carefully to ensure that you have the money to hire new people and everything that comes along with it. You will need to spend money on onboarding and training, space for them to work, equipment, and benefits. Don’t forget to plan for slow periods of business when looking at your budget.

3. What can you handle yourself?

Sometimes, you are the one who needs to be more productive. When looking into hiring a new employee, ask yourself what responsibilities you can take on yourself. A couple of extra hours of work a day can save you quite a bit of money. Only hire someone to do a task that you can’t do yourself due to skill set or time. Daniel Doyle Pleasantville writes his own blogs instead of hiring someone else to do it.

4. Are you missing out on professional opportunities?

On the flip side, many people take on too much stuff at the office. While working on paperwork, accounting, and marketing, you may be missing out on a number of different business opportunities. When you have established yourself to a certain level, other people can handle the legwork when you see networking or sales opportunities. These opportunities can help increase profit and allow you to hire even more people.

5. Do you have to hire full time employees?

Full-time employees come with full-time responsibilities. You have to provide health insurance as well as other benefits. However, you don’t necessarily need to hire a traditional full-time employee. You may be able to hire part-time employees that won’t require the same benefits as full-time employees. You also have the option to hire independent contractors. Independent contractors are employees who get paid by the job. You don’t have to keep them on payroll once they have completed the job. As Daniel Doyle Pleasantville says, “you can hire them when you need them, but you don’t have to worry about finding them constant work.” Common jobs done by independent contractors include digital marketing, content creation, sales, IT, and tech support. Of course, there are other positions that can be done by independent contractors, too.

6. What type of personality meshes well in your workplace?

You want to maintain a certain energy in your workplace. Some owners prefer fun while others prefer something more sophisticated. The people in your office contribute to the energy, so you want to hire people with a personality that fits the personality you want in the office. Do you prefer quiet, organized people or outgoing improvisors? You get to pick people who fit your vision.

7. Is your current momentum sustainable?

One of the things you need to consider is the future of your company. Do you need more help now because it’s a busy season? What will you do with the employee once business slows down again? Is your product something that will be necessary or wanted in ten years? Also, where do you want to be? You may not even be in a position where you want to continue to build. How much longer do you plan on running this business? You need to think about your future to make the best decisions now.

Your employees help shape and develop your company. They do things for you so that you can spend your time on larger aspects of the business, such as growth. Asking yourself these questions could help you make the right personnel decisions for your current situation.

skincare pr company

Five Questions to Ask a PR Company Before Hiring Them

Running a business requires you to juggle multiple parts. Due to this, many businesses forget to manage their public relations (PR), which can lead to major consequences and a drop in support from their customers. You may want to find a PR company to help you, but you should ask these five questions before you hire one.

What do you expect from me?

Depending on the PR company you contact, some of them will have certain expectations from your business. For example, they may need you to give them access to specific information from your business. They could also ask to see your demographics and other details that will help them properly represent your company.

If you know what a PR company expects from you, then you will have an easier time working with them. This is because you can go into the situation knowing what you need to contribute when it comes to PR. These expectations will help both sides effectively work together instead of against each other.

What campaigns have you done in my industry?

When you hire a PR company, you want to make sure they have some experience in your industry. If they don’t understand how your industry works, then they won’t know how to properly market and share your business with your target audience. For example, if your business focuses on treating acne, then you should look into a skincare PR company.

On top of this, you can check out the different campaigns these PR companies participated in. This gives you the opportunity to see examples of their work, so you can determine if the PR company will be a good pick for your business. If they haven’t worked in your industry, then you may want to hire a different company.

How will you communicate with me?

As you work with a PR company, you need to make sure the team can effectively communicate with you. This comes down to identifying a communication channel you can both use to ask questions and give each other updates. After all, if you want your PR team to succeed, you need to effectively communicate with them.

The PR company may suggest certain channels that work for their teams, but they could also ask you what you prefer to use. Either way, make sure you can use a communication channel that will work for you. After all, you don’t want to learn a new communication channel just to stay in contact with a PR company.

What services will you offer?

PR companies can take different approaches when it comes to interacting with the public, so you need to understand the mainstay services they offer. PR can cover a variety of topics, so you should know what a PR company will offer you. Otherwise, you may hire a PR company that can’t meet your needs.

Each PR company will offer its own set of services, so you need to find out if those services will benefit your business. Otherwise, working with that company will only waste your time and money. Make sure you spend some time looking into different PR companies in your industry to ensure you find one with the services that you need.

How much will it cost and do you offer additional services for more money?

Even if you find a PR company that will work for your business, you need to fit it into your budget. After all, you can’t break your bank as you find the right PR company, so you need to ask how much their services will cost. Otherwise, your company could get ripped off or spending more money than you should for the service.

On top of this, you should ask if the PR company offers other services or packages that could help you. When you look into PR companies, you need to know all of the options available to you. By asking this question, you can figure out what you should pay for and if you should use a different PR company.

Conclusion

You need to ask PR companies these questions beforehand, especially if you want to improve your PR. This approach can help you find the right PR company, and ensure you find a company that will work well with your business. Whether you contact a skincare PR company or one that works with any business, you should ask these questions.

hemp harvesting

Is Growing Hemp a Profitable Business?

The growing and cannabis have been illegal in the U.S. since 1937 when the Federal Government decided to outlaw the growing, sale, and possession of cannabis. Hemp harvesting is taking place once more across the U.S. as the relaxation of hemp laws has led to a range of options for farmers to explore. The relaxing of cannabis laws across the U.S. has led to the development of the cannabis and hemp market, which could be aided by the ongoing trade wars between the U.S. and China. Despite the Chinese leading the international hemp and cannabis market, the U.S. is catching up with farmers across the nation looking to profit from growing cannabis.

What Should I Grow?

When you are thinking about the different options open to you as a farmer of cannabis and hemp, you will want to choose the correct crop for your needs. There are three major markets in the hemp sector, which are:

  • Grains
  • Fiber
  • CBD extract

These three markets offer widely different options for you as a farmer because you will soon discover the different benefits and issues facing each market. Hemp can be grown for its grains, oil, or fiber with the CBD oil market known as the most profitable available.

What is the Grain Market Worth?

The three markets for hemp production offer very different results for you to enjoy as a farmer. The first being the grain market that has been developed with more profitability for your crops than those on offer from grains, such as wheat with emp offering a return on investment of between $0.65 and $0.60 per pound. As a farmer who has heard so much about the potential profits on offer from hemp, you may think this is a small amount to receive for your hard work. However, one of the benefits of growing cannabis for hemp is the proximity these plants can be grown in. Cannabis plants grown for grains can produce around 1,000 pounds of useable cannabis per acre giving a return of around $6,000 to $6,500 per acre.

How the CBD Oil Market has Grown?

The most profitable use of the hemp market is the development of the CBD oil sector that has grown since the 2018 Farm Bill in the U.S. CBD oil is a popular option for a range of medical and mental health issues that have been shown to benefit from the use of this product that does not include THC. THC is the chemical in the cannabis plant that is associated with the high many people feel when they consume the plant in some way.

No matter how much money is made by farmers growing cannabis for the grain or fiber markets, CBD oil is the most profitable available. The CBD oil market has a supply that has yet to match the demand for the products that continue 0.3 percent THC or less. The growing of hemp for CBD oil extract is the most profitable option for farmers who hope to make a healthy profit in a short space of time. The value of the hemp industry per acre varies when used for CBD oil because of the quality of the plants used from $2,500 to $75,000 per acre. The CBD oil sector of hemp harvesting marketing is the most significant part of an industry totaling more than $47 million per kilometer farmed, according to Businesses.com.

The Fiber Market can be Difficult

No matter how many tariff wars that take place between the U.S. and China, the hemp harvesting for fiber market remains rooted in Chinese territories. The fiber market gives a return of around $260 per ton with between two and three tons grown per acre in the U.S. The main problem for anybody wanting to grow hemp for fiber is the problem of processing needing to be done directly after harvesting takes place at a plant around 30 miles from your land. Chinese producers have developed communities and agricultural areas around processing plants that do not exist in the U.S.

A Growing Market

The hemp and CBD market has been growing for the last few years with the overall sector estimated to grow to a $2 billion industry by 2022, according to AG Professional. Indoor facilities where plants are grown under lights can be more profitable with up to four harvests per year during an average farming season.

Jean Danjong Chen

Jean Danhong Chen Discusses How Law Firms Have Adapted To Working From Home

When lawyers like Jean D. Chen are looking for a way to adapt to the COVID-19 pandemic, they must be as creative as possible. Lawyers need to keep working, but they cannot keep their offices open as they would normally. There are a few things that can be done to make a law office efficient, safe, and adaptable. While every lawyer needs to decide for themselves, it still makes sense to study what other lawyers have done to make a difference.

Physical Locations Must Close

Jean Danhong Chen knows that law offices need to close their physical locations. These locations are often spread around large areas because that makes it easier for the firm to reach as many people as possible. However, it is not safe to have large groups of people coming in and out of the office.

Even if a lawyer works in a small office with a secretary and no other support staff, the office space itself is not large enough to keep everyone safe. Adding one client in a tight space puts both the lawyer and their secretary at risk.

Lawyers Can Work Through Video Conferencing Services

Lawyers should start working using video conferencing services. These video apps allow lawyers to speak to their clients, other attorneys, and even government offices. This is an especially important part of any business model because the local court might offer hearings via a video conferencing app. The lawyer can add their client to the conversation, and no one needs to cram into an office.

Lawyers should, however, find the video conferencing service that they feel is the safest. If the service does not protect the calls that are made, privileged information could be compromised. This is why it is important for law offices to pay for a premium service that offers the best connection quality and security.

Just like with many businesses, attorney offices have opted for Zoom Conferences, xWeb, and other digital conference call programs.

Lawyers Can Call Clients Easily

Lawyers can use virtual phone numbers to call their clients and talk about cases. A lawyer likely prefers to speak to clients in person, but that is not always possible. Lawyers need to give up the idea of traditional law culture where a big office and closed blinds indicate that an important meeting is taking place.

Talk to clients on the phone, get the job done, and move on. Nothing has really changed here. In most cases, clients have alternate numbers for their attorneys, and lawyers should already have different ways of getting in touch with their clients.

Law Offices Need To Consider Offering A La Carte Services

When lawyers charge for “billable hours”, they are charging for the full force of a big law firm. However, these billable hours are often very expensive. If people are losing their jobs, they cannot afford to pay a lawyer a ton of money for one simple service. Clients become customers, and they are not going to pay for a lawyer to pick up the phone or answer an email.

Jean D. Chen believes that law firms should offer a menu of services that clients can choose from. Lawyers that are working remotely can provide those services, and they can pass on other services to their secretaries or paralegals. Everyone at the firm will get paid, but clients can clearly see how much they are paying for each service.

If law offices try to hold onto the old model of billing, they will not have many clients. Jean Danhong Chen knows that clients will avoid hiring lawyers if they know the service is cost-prohibitive.

Lawyers Can Work Faster

Lawyers can work faster if they are at home with a computer and phone. People are not walking in and out of the office all day, and lawyers can avoid phone calls by swiping to decline on their cell phones. A lawyer can get back to clients faster, and they can quickly get through hearings without taking the time to travel to the courthouse.

At the same time, local judges, prosecutors, and public defenders can get more work done. Someone who is using video conferencing and phone calls to do their business is not slowed down by the pace of a legal office. Paralegals can do more research, and secretaries have more time to manage paperwork.

File-Sharing Makes Life Easier

Lawyers should use secure file-sharing services. A file-sharing service allows attorneys to share documents, look through evidence, and even file documents with the court. If lawyers know how to use these services, they can file paperwork in seconds. Filing is often much cheaper because lawyers are not traveling to the courthouse every day, and it is much easier to meet deadlines.

Jean D. Chen also believes that file-sharing services make it easier to edit documents for mistakes.

Lawyers Can Change Their Business Model Today

Following the advice of Jean Danhong Chen will help lawyers adapt to the COVID-19 pandemic. Local courts and municipalities have already made changes to the way they operate, and lawyers should do the same.  

video production

How to Start Your Own Video Production Company

The switch to a more interactive lifestyle based on our social media platforms has pushed most of us to become more creative in every aspect of our lives. For many of us, this means we are looking to expand our career options into a more creative way of working and enjoying life. The dream of many of us is to break into photography or video production to create the shows we see on the TV, videos of events, and the short videos we see on social media.

Don’t Buy Expensive Equipment

One of the first steps many people take when they are looking to start their own production company is to head out of the door and purchase a lot of expensive equipment. The Beat explains there are a number of options you can explore to make sure you get the best options for starting your new business in a budget-friendly way. The use of a respectable rental company is a good option to explore to get started with professional equipment at a fraction of the cost.

Draft a Business Plan

No matter what kind of business you are looking to create you should always have a definite plan in mind. One of the first steps to take is to decide on which area of video production you are going to try and work in to help you focus on the career you hope to build. One mistake you will want to avoid is creating a business plan that focuses solely on the short or long-term goals of your company. If you are starting out, you may want to build a business plan explaining where you will film your work and with what equipment. Chron explains your long-term goals could include deciding on where you will move your company to when in need of larger studio space.

Look at Local Business Requirements

When you are looking to start your video producing career, you will want to make sure you are staying within the requirements of the local business regulations. Many people will explain the benefits of incorporating your new business as soon as possible. Instead, you can often work under your social security number as a freelancer before incorporating when your business begins to grow in size and stature. In some areas of the world, a business license is often needed to operate when incorporated meaning a call to your local government should be one of the first you make.

When You’re Ready to Think About Equipment

When you are moving forward with your career and you have some extra funds to invest you can turn your attention to purchasing your equipment. One of the first steps you may want to take is to invest in a high-quality camera when you are tired of renting equipment. The best equipment may not be initially available so it is important to do your research and find the best camera available.

There is more to starting a career in video development than just owning a camera and setting off to shoot. You should also be looking to find the correct equipment in other areas, such as sound and lighting. This can be an expensive area and one that requires the employment of specialist sound and lighting technicians who can ensure all your work is completed correctly and efficiently.

Name your Business

You may think this is the first step to take, but you will often find you are looking to name your business after a short period of work building your reputation. For most people, the most important aspect of starting your career is to get your name into the industry meaning you should start working under a simple brand. If you have yet to incorporate your business you may feel your best option is to work under your name. After a few months or completed projects, you may begin to feel your company needs a brand to stand out from the crowd. Once you have some employees you will often feel your company needs a brand and logo because it has expanded beyond a one-person business.

Starting your own company is difficult no matter which sector you are choosing to play a part in. A video production company can be a major investment, but it can bring you a lot of success when you choose to move forward in the correct way

Sam Haskell

5 Best Practices Every Film Production Company Should Follow

Sam Haskell

When film production companies are working on movies and TV shows, these companies must understand the best practices for the industry. There are five best practices below that can be used to help a film or TV production company succeed. You should consider how each of these best practices line up with your business model and vision. You can implement these best practices as you build your team, and you can make your company as efficient as possible.

1. Create A Budget For Each Production

Sam Haskell understands that every production has a budget, and he recommends that the budget be the first thing that you create. You will build your budget based on the funding that you have acquired for the production, and you should stick to your budget as strictly as possible.

The budget for the production must account for the salaries for everyone on the project from the director to the actors and everyone who handles sound, filming, food, assistants, and several other production assistants who are required. You must also pay for permits to begin production. You must have a clean budget that is easy to read, understand, and adjust. When you have a final budget, you can proceed with the project because you know where all the money is going.

Your budget should also include insurance and bonds for the production. If you are not insured or bonded, you are left open to massive liability if something should happen on the set.

2. Obtain Permits For Your Location Shoots

When you obtain permits for each location, you must let the city, county, or municipality know how filming will go. You need a permit that allows you to stay in a certain location for a particular amount of time.

You must work with foreign countries to determine how you will get visas for everyone on your production staff, and you should arrange for these visas in advance of the production. Getting a permit and a visa from a foreign country can be difficult. Plus, getting permits from small towns in rural areas can be complicated because they do not have the robust infrastructure of a major city or county.

3. Hire And Compensate Your Teams Properly

You must hire a full team of people, and you must compensate them properly. The budget for your production must include every person on the project. You must pay them a fair wage for the project, and you should compare what you are paying with other production companies in the industry.

You can negotiate with everyone from the director to the actors and the people behind the scenes. Some people like the composer or an animation specialist might charge a flat fee for their work. You must pay the musicians who record the music a fair wage, and you should look into any union contracts that you must abide by. You do not want to underpay people who are represented by a union, and you should not try to “lowball” anyone to save money. Word will get around that your company does not pay its staff fairly

4. Create A Strict Schedule For Production

When you are ready to start your production, you must have a strict schedule. It might be impossible to stick to that schedule because of weather and other unforeseen events. At the same time, you need to have a goal that everyone is trying to reach. For example, you might have two weeks to finish the project based on the budget that you have, the schedules of actors and directors, and the permits that you have received. Write a schedule that helps you finish the project in two weeks.

As you begin the project, you can adjust the schedule based on any obstacles that you face. A good producer will build some extra time into the schedule. For example, Sam Haskell recommends that producers add more time to the schedule to account for inclement weather, delays, injuries, and anything else that might arise.

5. Rent Equipment To Save Money

When you are looking for filming equipment, you can rent the equipment to save money. Paying out of pocket to buy film equipment is expensive. A rental company can deliver to you and help you set up all your gear. Plus, these companies will pick up their gear when the shoot is over.

You Can Set Up Your Production Company And Set Your Standards Today

When you are planning to produce films or TV shows, you can use these five best practices to organize your business. You can streamline the work that you do, and you can save money by doing things the right way. You will also improve your image by doing right by your staff, actors, directors, and investors.

Jean Danhong Chen on the Overlooked Issues: Immigration

What started as a cluster of cases in the vicinity of Wuhan, China has turned into a global pandemic the likes of which have rarely been seen. The coronavirus, also known as COVID-19, has found its way into almost every area of the world, causing millions of cumulative cases along with hundreds of thousands of deaths. 

This disease has affected many countries in a variety of ways. Not only has it strained the healthcare system to its limits, but it has also tanked the economy due to the number of businesses and organizations that have had to either work remotely or shut down permanently due to safety concerns. What many consider to be a normal way of life have given way to entire new behaviors such as mask wearing and social distancing. 

As you can see, one disease has caused much change on many levels, but what has gone overlooked is how the ongoing pandemic has impacted the issue of immigration. Looking at the United States’ response to the pandemic in this regard, the country has effectively suspended immigration back in the middle of April. With this decision, the USCIS, also known as the U.S. Citizenship and Immigration Services, shut down its offices. However, this was only supposed to be a temporary decision that would be relieved in June. 

Unfortunately, the pandemic has continued to ravage the country, and many states within the country have continued to break their own records for the number of positive confirmed cases daily. Some of these states include those that are at the edge of the border with Mexico such as Texas and Arizona. Those two states especially have seen discouraging spikes in both the number of positive cases and deaths. While the USCIS isn’t permanently shut down, many of its services have been greatly reduced. In addition, the requirements for reaching the office have coincided with some of the new social procedures that have been implemented, such as the use of face masks and not having any symptoms of COVID-19. 

What makes the change in these immigration services at the moment is that even when the coronavirus pandemic tempers a bit, there will still be challenges that are present. Some of the many challenges are associated with those seeking asylum. For more information associated with these challenges, you can consult Jean Danhong Chen for more information. Another perspective in which the impact of this pandemic needs to be understood is from the worldwide perspective. You can understand more about how this pandemic may affect you or others beyond country borders by visiting Jean Danhong Chen. 

As reported across any form of news media, the coronavirus pandemic has adversely affected countries across the world in one variety or another. However, this crisis is especially important when it comes to migrants. There are many who often seek to leave their native country into another in search of economic opportunity or to escape the poverty or abuse they may have experienced where they live. Due to the health dilemma, an already challenging endeavor has become significantly more cumbersome to deal with. Travel restrictions have been instituted in many places. Others have also been withdrawn to visiting any airports, due to reports of a significant uptick in certain airlines being present. 

Even if one is able to travel successfully, mandatory quarantines upon arrival into the new country they enter complicates arrangements that they would otherwise make for themselves. Within all of this crisis that migrants have faced, however, the need for the contributions of migrants has also been immensely seen. Especially in the United States of America, migrants and those immigrating from other countries have utilized their skills and labor to help further the United States economy. Their contributions can primarily be seen in the field of agriculture, but immigrants from all walks of life have gone on to greatly affect every sector of the economy. 

Despite this indisputable fact, immigrants already faced an uphill battle,, not only battling the opportunities to achieve their goals in the country they traveled to, but they also have to battle the negative perceptions and stereotypes associated with those in similar positions. These perceptions may also become more unruly and toxic well after the pandemic passes over. Immigrants may likely become outcasts in society, especially if they come from areas where the pandemic was widespread. 

In spite of all the challenges associated with immigration, the need will likely remain. While a globalized economy may become less profound as a result, countries will still need to stay connected one way or the other. If countries are going to be connected, this also means that they will have to work together to ensure that the next global crisis can be mitigated. As for the migrants who seek to travel, there is only so much that can be done upon their own volition. Navigating the immigration system that entails applying for citizenship or visas can be confusing, and the transition can be daunting. That is why an experienced law firm can help lead migrants into the right direction.

The immigration process can be confusing and scary if you plan on starting a new life, so be sure to get the proper legal help to make sure that you are fully informed so you can progress without anxiety. 

David Ebrahimzadeh

How to Invest in Real Estate During the COVID-19 Pandemic

The COVID-19 pandemic has shaken our society to the core. It has affected nearly everyone’s life in some way. From retail stores to hotels, and everything in between, businesses across the country and the world are feeling the economic toll. Around the world, it seems as if no one has been left untouched by this crisis.

Due to the economic impact of the pandemic, many millions of Americans are having a hard time paying their rent, which in turn, leaves landlords in a difficult situation when it comes time to pay the mortgage. The same is true with hotels and retail stores. While most potential investors will see this is a nightmare scenario, there is no need to panic, as there are several ways you can keep yourself afloat during this time.

In this article, we will take a look at some of the ways the pandemic has affected the market and what David Ebrahimzadeh recommends you to do to protect yourself, or even profit from it.

Commercial Real Estate

Many real estate investors focus solely on commercial properties, which have been hit hard by the economic impact of the pandemic. Since mortgages that are typical for residential real estate do not apply to commercial properties, this further complicates the issue.

However, there are several programs in place to help tenants pay their rent. One such program is called the Payroll Protection Program, or PPP. If you find that your salary has shrunken because your tenants cannot pay rent, be sure to enlist the help of the PPP, so you can continue to receive income from the property.

Financing

As far as financing goes, we have been seeing lenders become pickier as to who they are dealing with. Their criteria have tightened greatly, and that should be no surprise. Both qualified and non-qualified lending has taken a big hit. This could be an issue for real estate investors wishing to do things such as renovations.

On the other hand, you would be glad to know that rates are relatively low. This would be a great time to refinance your property and take advantage of these lower rates. If you plan to acquire a new property, a great idea would be to borrow from the equity of the properties you already own and then obtain new properties at these low rates.

Single Family Residential Properties

Due to the high levels of unemployment seen as of late, owners of residential properties are right to be concerned. Even with the CARES act, which puts a 120-day freeze on evictions for renters living in properties which receive federal funds, The owners of these properties are still worried, and rightfully so.

Since many tenants cannot pay their rent, the government has stepped in and now guarantees specific loans, with the possibility of a 360-day forbearance, so long as the tenants’ income has been affected by the pandemic. If you own a residential property, you should find out if your mortgage is backed by government agencies such as FannieMae or FreddieMac. If your mortgages are not backed by these entities, there are still other options available to you, which your loan servicer will be able to assist you with.

Multi-Family Housing Properties

Apartment complexes and other multi-family housing properties are also an issue of concern during the economic fallout of the pandemic. Tenants who have faced pay cuts or have even lost their jobs will sooner or later become a financial drain on the owner of the property. Since buildings with more than four units cannot be financed through a mortgage, FreddieMac or FannieMae will be of no help here.

If you own such a property, be sure to stay in close contact with your tenants and make them aware of the relief programs the government is providing. It is up to them to take advantage of these relief programs, which will in turn, potentially save you from financial ruin, as far as that specific property is concerned. Communication is needed at all times. Make sure that you compassionately approach your tenants and do your best to create a working relationship with them, which will benefit everyone.

This pandemic and the economic disaster that has accompanied it is far from ideal. However, do not be discouraged. David Ebrahimzadeh recommends that you do your best to research all of the government assistance programs available to either you or your tenants. Such programs can make the difference between you holding onto your property, or letting it go

Inventory Optimization

How to Optimize Inventory During the Digital Age

More and more companies are relying on digital platforms to help make their business more successful. Companies no longer write down and record everything by paper, and instead almost all of our record and data is stored on computers. Computers have allowed us to store data, easily find what we are looking for, make quick calculations, and perform a vast number of business decisions. The digital age has caused many changes to how business is done, however, it comes with many benefits.

Digital platforms have helped companies keep better records of their inventory. Having an accurate inventory is essential for all businesses who want to increase their productivity and profitability. If your company is looking to improve its inventory optimization you should highly consider these tips. Here are some of the best ways to improve your inventory records and ordering.

#1) Use Artificial Intelligence Technology

To incorporate the best inventory management strategies to your business you should highly consider using a digital platform that focuses on artificial intelligence technology. Artificial intelligence technology has the ability to maintain a ninety nine percent accuracy of inventory records at a much faster capability than other methods. This solution to old and outdated methods has significantly increased the ability to maximize accuracy and profitability for companies that are already implementing these new methods.

#2) Predict Customer and Facility Needs

One of the best ways to increase your profit margins and to reduce overstocking of inventory you should highly consider using technology to help predict the needs of your customers and your facility. Many times, companies have too many items in their inventory. This reduces the amount of money they have to spend on other things. When too many supplies sit on inventory shelves companies lose out on time and money. To help improve inventory optimization companies need to use digital platforms and other technology to help predict the needs of the customers and facilities.

#3) Move Away From Traditional Spreadsheets

Recent statistics have shown that nearly seventy five percent of companies are using traditional spreadsheets to track and record their inventory. This method of data keeping is unrealistic in the digital age. Using traditional spreadsheets requires constant monitoring and often results in human error. When workers are responsible for updating inventory spreadsheets there is often a large amount of error that takes place. If you are looking to truly optimize your inventory you need to use smarter methods of data tracking. Using artificial intelligence technology can help your business find more success and make fewer errors.

#4) Use E-commerce Promotions

One of the best ways to help optimize your inventory is to understand what you have in stock. If you realize that you have too much of one item you may need to find ways to reduce it so that you can stock up on the more essential and popular items. To help you move the less popular items faster you can use e-commerce promotions. If you are able to sell things online for a reduced price you can help your business stay profitable. Sales and promotions is a great way to move items and to help your business optimize their inventory. It gives companies the ability to start fresh if they are unsure of what they have or how to move the items that they do have sitting on shelves and taking up space.

#5) Focus on Service-Drive Optimization

One of the best ways to optimize your inventory is to take a service-driven approach. Using a service-driven approach during the digital ages allows you to understand how customers show and how they decide what to buy and what not to buy. They use SKU-location technology to optimize inventory during every aspect of the business. This helps reduce your stock investment and keep your business profitable and successful.

Inventory optimization is a crucial part of business that can significantly help increase the productivity and profitability of any business. If your business is going to be successful during the digital age it is crucial that your business starts using digital platforms and artificial intelligence technology to help monitor and track their inventory. Keeping accurate records and predicting the trends of customers is one of the best ways to help increase your profitability. If your business is able to foresee the future and understand how inventory affects your return on investment you can truly help make your business more successful. During uncertain and predictable times it is important for all companies to use their inventory to their advantage

Carina Advisors

6 Tax Mistakes Self Employed Folks Make Way To Often

Since those who are self employed don’t have a larger corporation taking care of everything for them, anything to do with taxes can be frustrating and confusing. Not only will you need to keep track of everything, but you’ll also need to make sure you fill everything out correctly and thoroughly. Even missing a few of these things could result in an audit and cause you more stress and trouble than need be. With that being said, here are 6 things you’ll want to avoid during tax time, as told by professionals like Carina Advisors.

Using the Wrong Forms

One of the biggest mistakes that self employed people do is using the wrong forms. Many don’t realize that you can’t use the same form that you would with a traditional job because it doesn’t record all of the information needed. This mistake happens quite a bit with those that are trying to do things themselves. In this case, you should get a professional to help. If you don’t want to go that route, there is plenty of information out there that can walk you through how to fill it out and what information you’ll need.

Bad Record Keeping

Another common mistake is bad record keeping. This includes things like forgetting to write down expenses, throwing away receipts or even keeping poor records when it comes to how much you earn. All of these things are essential to get you the most deductions and the biggest refund possible. It’ll also help you report your income more accurately and prevent you having to make a guess. Keep in mind, there’s always a chance that the IRS will audit you, so make sure you’re keeping everything organized together to ensure that you can show whatever proof or verification they’re asking for.

Waiting to File

Some people who are self employed are expecting to pay a huge amount in taxes, so they wait to file. While it’s fine to wait closer to the deadline, you don’t want to go over that. Even if you file before the deadline, you want to make sure you don’t wait until the last minute because you never know what kind of issues you might run into. Waiting until after the deadline can also cause you to wrack up quite a bit in fees, so it’s better for everyone to just file with plenty of time left.

Not Putting Money Back

Another big mistakes is not putting money back for taxes. Since you’re self employed, taxes aren’t automatically taken out of each check. This means you’re responsible for doing this yourself. Some people figure they’ll just pay it all when they file taxes, but those that are making a good amount of money might end up paying a lot at once. To avoid this, make sure you’re taking out money from each pay check to ensure you have enough to cover your tax bill. If you aren’t sure how much you need to take out, you can talk with a professional or look up information online. Keep in mind, you can either pay this all together or make quarterly payments to help ensure they are definitely being paid.

Skipping Professional Help

While some people choose to do their self employment taxes on their own, it’s a really good idea to get professional help. Not only will these people have an in-depth understanding of tax laws, but they can help ensure you’re filling everything out the way it needs to be. Even if you don’t use them for long periods, it’s a good idea to consult with them at least a few times a year. Having someone with extensive knowledge on your side will help make the entire process easier and help reduce the chances of you getting audited.

Not Knowing Write-Offs

One final tax mistakes is not knowing write-offs. There are many deductions and write-offs that self employed people can take. Not only will this reduce their tax bill, but it could increase their refund. It’s important to take every deduction you qualify for, but it can be hard to figure out exactly what those are. Do research or talk to a professional to ensure you’re getting all the deductions that you can.

While you can do things alone, it’s always a good idea to get help from a reputable company, such as Carina Advisors. Not only will they help ensure that everything is correct, but they can also get you the most deductions and credits possible. This will reduce how much you’ll have to pay out and possibly get you a bigger refund. It’s best to research as much as possible and make sure you’re doing things correctly in order to avoid any types of audits or issues coming up