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

nancy behrman communications

Why Your Business Needs to Hire a Public Relations Firm This Year

Perhaps the greatest value your business can have is the ability to get people talking about it. Public relations plays an essential role in this regard because they can help facilitate conversations about your organization for a fraction of the cost that it would take to do so through conventional means. Advertising is an essential strategy to give your company profits, but it does nothing to help your company’s credibility because it is an expected behavior.

If you have wondered if your business needs to hire a public relations firm, you will see that there is plenty of upside to doing so. Here is what to consider with public relations firms, and whether or not you need to hire one.

Builds Brand Recognition

You can do a lot to get more eyes on your company through your own methods, but hiring a public relations firm can help expedite that process greatly. Building a brand is not a sprint, it is a marathon. A good public relations firm will work in correlation with your marketing strategy which may entail social media or other events you may be holding.

The fact of the matter is you will not get profit if no one knows who you are and what you bring to the table. Therefore, if you want to help your business grow, it a public relations firm may be the way to go. Brand recognition is the first step to being successful, and a public relations firm will go a long way in determining that.

Stay Relevant

When your business gets that first bit of buzz, it can prove to be a very exciting time. You should be excited because it can feel very rewarding to finally have people talking and interacting with your business after months of hard work getting it off the ground. However, if you think that was hard, imagine how difficult it will be sustaining the effort and making sure people don’t get tired of you.

An effective PR strategy is a multi-faceted process that produces different ways to get people talking about your business. The worst thing a business can do is grow stale in relativity to the competition. The moment that happens, you will see sales decline instantly. However, a PR firm can help with many of these issues. Suggestions will be made about different methods you could go about creating media and content. Videos, podcasts and other content specifically catered to your customers will help generate sales and keep the buzz going. You can understand more about these concepts through nancy behrman communications.

Increase Return on Investment

One of the worst mistakes that a company can make is thinking that they don’t need to hire a public relations firm just because sales are up. Major brands will have PR firms even when they are doing well because they are constantly preparing for the worst case scenario. Anything can go bad at any moment, and this can result in negative media coverage. Ultimately, trust in the brand will gradually decline and it will be reflected in declining sales.

On the other hand, if there is powerful news that is relevant to your business, it creates a great deal of excitement. This is where a PR firm will work to your advantage because it will increase sales. With an increase ins ales, this increases the return on investment that you had for your business. The more sales that are directly converted from the work of a PR firm, the more value you get for all the money you invested to get your business afloat. You can learn more about the value a PR firm brings to the table by seeking expert information from nancy behrman communications.

As you can see, hiring a PR firm can be beneficial to your business. Not only can it help build brand recognition, but it can generate sales in the process while increasing your return on investment. Businesses are becoming more competitive than ever and are always looking for ways to get an edge. One of the best ways to do start is by hiring a PR firm this year

Pacific Collection Group

5 Creative Ways to Spread The Word About Your Debt Collection Agency

Letting everyone know about your debt collection agency can be a difficult task. There are so many avenues that you can take and all of them can be viable. However, some are more beneficial than others. This is why business owners like Pacific Collection Group are masters in this area. They know exactly how to market their debt collection agency since they are all incredible at what they do. Thankfully, they have bestowed us with some information that will startup debt collection agencies find the traffic that it needs in order to succeed.

Using Word of Mouth

One of the best methods to market your business is to use word of mouth. While digital marketing has improved our outreach globally, it cannot compete with the organic approach of telling someone how amazing a certain business is. The message that they leave to someone else in person will be organic and authentic. It is hard to discern whether a company is worth it or not online since the marketing tactics that they use may seem non-genuine. Fortunately, Pacific Collection Group is talked about all the time since they are one of the best debt collection agencies in the world.

Utilizing Digital Marketing

While we did say that word of mouth can beat digital marketing in some areas, you still should be using digital marketing all of the time. Digital marketing can allow you to reach audiences that you never knew existed before. Fantastic companies like Pacific Collection Group always make sure to put their message out there with the power of digital marketing. This means that you can find them on platforms such as Facebook, YouTube, and LinkedIn. To not utilize these free services would be ridiculous and no business owner should ever not consider these avenues.

Networking Events

Nothing beats the power of meeting someone in person and selling your ideas and services to them. Meeting people at networking events is a great way to find a demand for your debt collection services. Fortunately, networking events happen in all sizes. Whether it is a local chamber of commerce or a national business event, there are opportunities waiting around every corner. Fortunately, your debt collection agency should always send a brand ambassador to these events so that they can make connections that will drum up business. This is a fantastic way to ensure a steady stream of clients coming through your door.

Utilize SEO

Did you know that writing articles and producing web pages on your website increases your chances of being found? You want to be able to stand out from the rest if you are a debt collection agency with ambitions. This is why you need to utilize SEO on your website to increase your chances of being found. SEO stands for search engine optimization. This important part of the internet determines how and where businesses get found. Thankfully, hiring an SEO specialist for your business will help you improve your index ranking on your web page. This can lead to big business leads for your debt collection agency if a future client is searching for debt collection services on Google.

Use Promotions

Providing debt collection services can be pricey depending on who you decide to work with. One of the best things that you can do if you are a startup debt collection agency is to utilize promotions on your services. This means that newer clients will be able to save money on your services if you decide to work with them. However, this should only be used for a limited time. Veteran debt collection agencies typically don’t do this tactic. Use it at your own discretion.

Using The Tools at Your Disposal

Running a debt collection agency is a rewarding challenge that can positively impact those who you work with. This means that you want to make sure that you are using every tool at your disposal in order to be found. Thankfully, there are more tools available to business owners than ever before if they wish to be found online or in person. Be sure to utilize these tips that we have provided to you if you wish to market your debt collection agency the right way