• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Live SV logo

  • Home
  • About
  • Life & Success
  • Travel
  • Business
  • Finance
  • Blog
  • Business
  • Health
  • Technology
  • Contact Me

Business

6 Reasons Why Businesses are Moving to Arizona

February 16, 2022

The COVID-19 pandemic has brought a change to the way we live our lives in the 21st-century. The traditional rat race in big cities has been replaced by a work-from-home culture, with employees no longer tied to their office space.

Even before the COVID-19 pandemic, the business sector was looking for new locations as the internet made it easy for companies to be located outside the traditional metro areas. The Grand Canyon State has attracted interest for its aggressive tax breaks, willing employees, and settled weather.

1. Business Taxes

The Governor of Arizona has been working on bringing down taxes since 2015. The state has been performing well in creating a surplus and general fund from its simple tax rate. The Republican Governor, Doug Ducey, was elected on the promise we would limit taxation and increase revenues.

The mass exodus to Arizona has been good for the economy of the state and its tax coffers. The corporate tax rate in Arizona for 2021 is 4.9 percent of taxable income or $50. Small business owners were rewarded with a large tax break following the COVID-19 pandemic that ravaged business sectors.

The corporate tax rate in Arizona compares favorably with states in the west. Several Californian businesses have relocated to Arizona, with many citing the impressive tax rate. California’s corporate tax rate has reached 8.84 percent.

Oregon charges tax on the amount of money earned by its businesses, with a 6.6 percent charge on the first $1 million. Revenue above $1 million is charged at 7.6 percent. The State of Washington is hoping to increase its business tax earnings by introducing a new rate of seven percent on earnings above $250,000.

2. Right to Work State

This is one of the most confusing aspects of workplace law. Arizona is a right-to-work state, adopting the law in 1947. The right-to-work law is designed to provide personal choice for workers about whether they join a union. Workplace unions once created a stranglehold on the labor market. Potential employees were told to join the union at their workplace or not be hired.

Like many other states, Arizona enacted the right-to-work law to hold unions responsible for their actions. Unions have to act in the interests of their members or face workers leaving the group. Unions have positive benefits for members, including negotiating salaries and benefits.

The right-to-work law in Arizona allows workers to decide if the values of their union in the workplace reflect their principles. Monthly union dues are used to back political campaigns and fund lobbyists. If a worker does not agree with the direction of their union, they can choose to opt out without potential repercussions.

3. The Population is Growing

The Covid-19 pandemic had a startling effect on the demographics of the U.S. The drain of talented people from metropolitan areas was driven by work-from-home policies. The shifting attitude to work is having an effect on where companies plan to base their commercial footprint.

Each year, Arizona is adding over 40,000 people to its population. Many of those moving to Arizona are looking for a better standard of living. For companies moving to Arizona from California and other states, the rapidly expanding population is giving them a vast pool of workers to hire.

Students are flocking to Arizona to be trained in business and technology. Maricopa County alone has ten colleges, bringing 200,000 students to the state each year. The expanding population is educated and skilled in different aspects of the industrial sector.

4. Affordability

The quality of living is one of the most important aspects of life for workers moving to Arizona. For business leaders, the cost of commercial real estate is lower than in California and other metropolitan areas.

The cost of commercial real estate in California at the end of 2021 had risen to $41 per square foot for Class A office space. In the Bay Area, the cost of commercial real estate had risen higher to more than $59. In contrast, Arizona’s Class A office space costs $30.79.

For workers, the cost of living is affordable compared to the major metropolitan areas of California. Business leaders have identified the desire in their employees to live a happy and successful life away from work. The cost of living has been rated at 30 percent lower in Arizona than in California.

Moving the footprint of a company to Arizona provides workers with the chance to purchase a home at an affordable cost. When you compare the median closing price of a home for sale in San Francisco ($1.4 Million) to the median closing price of a home for sale in Buckeye, AZ ($420,000), you can see how much more purchasing power you have in the state of Arizona.

5. A Well-Connected State

Arizona is one of the best-connected states in the Union. The road and air connections have made the state one of the best for business. Companies can base their logistics in Arizona and take advantage of the Christopher Columbus Transcontinental Highway.

Highway I-10 stretches from Los Angeles to Arizona, and onward to the Atlantic Coast of Florida. 35 million consumers are within reach of companies in the continental U.S. via a single day of driving.

Links to the West Coast are a given because of the location of Arizona in the Southwest. Business leaders moving to the Phoenix area will find easy access to I-17, which links to I-40. The path of I-40 takes trucks carrying goods as far east as North Carolina, where easy links to the Northeast can be obtained. Commuters have been given easy access to locations in the Phoenix area. Loops 101 and 202 take in parts of Glendale, Phoenix, and Mesa. The major employers are located in these areas, offering easy commuter links to the suburbs.

6. Incentives

When you think of incentives, you usually think of those provided through tax breaks. The history of Arizona includes business-friendly tax breaks for new and existing companies.

The expanding commercial real estate sector is offering plenty of incentives to companies to secure long-term lease opportunities. Incentives from private companies have been driven by the work-from-home movement created by the COVID-19 pandemic.

Final Thoughts

Upon first glance, it may seem crazy that a small town in Central Arizona could be such a popular landing place for families. However, looking closer, the community of Buckeye, AZ offers the close proximity to everything a major city has to offer, but in a peaceful environment ideal for raising a family.

 

Filed Under: Business

How to Become a Real Estate Expert in Your Area

February 16, 2022

Many people don’t think of working with real estate as a career, but becoming a pro in the field can be incredibly lucrative. A lot goes into researching a home to buy; among other things, people need to know what to look for when exploring their area for homes to purchase.

This is where those with experience come in.

Becoming a Real Estate Expert is an excellent option for making serious money. With the help of affiliate marketing and other methods, you can earn a fortune.

Follow these simple steps to become a real estate expert.

Obtain Listings

Getting a hold of a solid listing for yourself takes some work.

What is the value of obtaining listings for real estate agents?

Since it’s your name and photo that gets placed on the For Sale sign and other marketing materials, listings are the perfect way to establish expertise in the real estate industry.

These are some of the best ways to gain listings:

1. Geo Farming

Geo farming is a great way to obtain listings.

Also known as geotargeting, it focuses on targeting customers at a specific proximity location, such as a single neighborhood.

For example, if you are a real estate agent that sells in a specific area of the city, you can send monthly postcards to that specific area or subdivision, providing them with valuable information about the current market conditions.

The more you do this, the more you will look like an expert Realtor. And, if someone in your geo farm decides to sell, you are most likely getting that phone call.

Determining the Best Neighborhood for Geo Farming

The first step of geo farming is finding the best neighborhood to target.

  • It is essential to find a good residential area with a high density of homes.
  • You should pick an area you know best.
    Picking an area you know best will probably yield better results.
    More importantly, you will be familiar with and understand its selling points.

The best time to use geo farming is when a homeowner is about to move. Also, when they have just moved in. You can slip an advertisement in the mailbox or door that tells them to contact you because you have a better price than other real estate agents or salespeople.

2. Door-Knocking

Door knocking is another excellent way to obtain listings.

It’s not the most exciting job in the world, but it pays off.

Doing door knocking is very useful because you will personally know owners and potential sellers. You can set up a time when they’re available and most likely to answer your call.

Getting a hold of a solid listing for yourself takes some work.

3. Sending Postcards

Sending postcards can also be a great way to hold listings.

Sending a postcard is a relatively new idea for some companies, as it was not widely popular until recently, making them an excellent option to explore new markets.

Postcards can be an effective marketing tool, as they are cheap and easy to design.

4. Hosting Client or Networking Events

These two are excellent ways to promote your listings and get referrals.

Networking events are a great way to meet as many people as possible.

You can locate networking groups in the community you target and talk about hosting an event.

On the other hand, hosting clients is an excellent opportunity to meet your customers face to face.

You can host a client at your office and show them your listings.

5. Making Flyers

Flyers are an effective marketing tool, as they are cheap and easy to make. You can post a flyer on a public bulletin board around the neighborhood you want to target.

They are a great thing to use with the other obtaining a listing too.

You can efficiently distribute them when doing door-knocking and networking.

Remember to make them professional for maximum leverage.

Share Your Listings with Your Sphere of Influence

After obtaining listings, it is essential to share them and share them.

It is especially true for those that only have a few listings.

To use social media, you will need to do some research.

Which platforms are best for your business?

Do you even want to use any?

Use Facebook

Facebook is the largest social networking site globally, and it is a great place to promote and share your listings.

It’s also the best place to get new leads.

Be sure to include any special offers or reductions you have in your ads.

You can also set a status update on your page, letting people know your latest homes.

Consider doing a live tour of the entire home.

Use Instagram, Twitter, and Pinterest

The three are some of the most popular social networks for real estate agents. Use them to promote your listings, talk about the properties being shown and take advantage of an opportunity to interact with other users.

Be Consistent with Your Marketing

Consistency is key. If you are going to be successful in your marketing, you will have to be relentless.

It doesn’t matter if you have one listing or a thousand.

After finding a house, it is essential to post on social media and let everyone know what’s happening.

As long as you are consistent, other people following you will be more likely to buy.

Examples of Ways to Stay in Front of your Target Audience

1. Doing a weekly blog can be effective because you put your content out there for people to find.

A blog is a more personal way to get your listings out there and help you stay on top of the search engines. If you have many listings, it will make it easier to find your blog.

2. You can also give speeches and hold workshops with other real estate agents.

The speeches and workshops can be on obtaining more listings or excelling in marketing. The more information around, the better it is for everyone in the long run.

3. Consider sending a market update postcard to your potential buyers.

Postcards will go a long way in getting your listings seen. As long as you are consistent, you will see an increase in sales.

Summary

We hope this article provides a comprehensive guide for real estate agents looking to become experts and maximize their earning potential. It isn’t always easy, but with the right strategy and execution, you can have success as a real estate agent.

 

Filed Under: Business

What Is Home Inspection?

November 18, 2021

Home inspections are a process in which trained professionals look at all components of the home to ensure it is up to code. A qualified inspector will look for anything that may be hazardous or unsafe for living, including structural damage, water leaks, roof problems, pest infestations, electrical problems, and other specific things that could affect your safety.

It is important to have a home inspection done because it can save you money. You may discover that repairs need doing, but this gives you time before moving into the New York house so that you can arrange with repair people, etc.

If however, you do not have an inspection on your new house and then move in and find out there is something wrong (e.g. mold growing) then legal action can be taken against you. It is always best to know what might be wrong with the house before moving in.

A home inspection can also save you money if there are no major problems with the house, as you will know that it is worth buying and not waste your time or money on a new home that needs repairs that would be more costly than the house is worth.

Having a home inspection done gives you peace of mind as well as knowing that your potential new home is up to regulations and will not have any hidden costs for repairs once bought.

Benefits That Home Inspections Offer

There are many benefits to having a home inspection. A qualified inspector can determine how sound the foundation of a house is, what type of roofing material it has, where the water shutoff valve for your home is, where the main electrical box and circuit breakers are located, etc.

It can also save you money as stated before by allowing you to find out if there are any problems with the house so that you can avoid buying it or negotiate a lower price. You will no longer have to wonder about mold, rot, pests, or faulty wiring because all of these things will be uncovered during an inspection.

Having an inspector come look at your potential new home offers peace of mind by showing you exactly what condition the cash for houses are in and whether or not it would be safe for living. It also tells you how much life is left in the roof, foundation, and HVAC (heating/cooling system) which helps with budgeting repairs over the next few years after you purchase it.

Having a home inspection done is not something to be afraid of. A professional inspector can answer any questions you may have about the house and provide advice on how to remedy any problems without spending too much money. He or she will help ensure your family’s safety by checking for dangerous conditions that could put your loved ones at risk.

They are also willing to give helpful information on how to fix issues that they find if you are planning on doing the repairs yourself, which means less stress for you because instead of frequenting multiple stores searching for materials needed, an expert will tell you exactly what to buy and where they can be bought.

If there are major repairs needed, the inspector might recommend contacting a professional and will provide a list of reputable companies that could do the job. They will ensure your family’s safety by checking for dangerous conditions that could put loved ones at risk.

The Cost of Having a Home Inspection

The price of a home inspection ranges from $300-500, depending on how much information you can provide about Queens, New York houses and their location. This includes access to crawl spaces, attic, garage, surrounding area, and where the water shutoff valve is located.

If you are not sure what problems to look for or would like more specific advice on questions you have about the house, it might be worth purchasing an inspector’s report which provides full details of their findings when they inspect your potential new home. It also includes the option to add pest/radon inspections and termite inspections if needed.

The inspection could save you money by letting you know if there are any major issues with the house so that you can negotiate a lower price or avoid buying it completely. You will no longer have to wonder about the condition of such things as mold, rot, and pests because they will be uncovered during an inspection.

Having an inspector come look at your potential new home offers peace of mind by showing exactly what condition the house is in and whether or not it would be safe for living. It also tells you how much life is left in the roof, foundation, and heating/cooling system which helps with budgeting repairs over the next few years after moving in.

What to Expect from Home Inspectors

A qualified inspector can answer any questions you may have about houses in New York and provide advice on how to remedy any problems without spending too much money. If there are major repairs needed, the inspector might recommend contacting a professional and will provide a list of reputable companies that would do the job.

They will help you avoid bad deals and save money by finding out if there are repairs needed before moving in. They also provide advice on how best to fix any issues they find and tell where materials can be easily purchased. Having a qualified professional inspect your property offers peace of mind by showing exactly what condition it’s in and whether

Overall, a home inspection is an important process that should not be skipped when buying a house in New York or a condo. It can help you avoid bad deals and save money by finding out if there are repairs needed before moving in.

A qualified inspector can tell you what life is left in your roofing, foundation, and heating/cooling system so budgeting for repairs over the next few years becomes easier. The peace of mind knowing exactly what condition your potential new place is in ensures safety to your family and friends living under the same roof as you.

They can also provide advice on how to fix any issues they find and tell where materials can be easily purchased. Having a qualified professional inspection come to your house is not something to be afraid of. They will give answers to any questions you may have and provide advice on how best to remedy issues without spending too much money.

Filed Under: Business

8 Easy Ways To Improve Your Office Space

September 23, 2021

The advancement of technology in the past decades led to new opportunities for people across the globe. The downside? Most of these opportunities confine workers inside an office for hours on end. With most office workers spending more time in the office than they spend at home, it is essential to adapt this space to your needs. How? Here are 8 easy ways to improve your office space.

1. Pay Attention to Lighting

The most important thing in an office is light. Artificial lighting can’t beat nature, so try to move the desk near a window if possible. Light is essential in regulating hormones such as melatonin and serotonin, both of which affect mood and wakefulness. Instead of keeping the blinds down, opt for anti-glare monitors or monitor screens. As far as artificial lighting is concerned, replace the old bulbs with modern LED lights that output light in a natural hue as opposed to clinical white or yellow.

2. Tweak the Temperature

Another thing that can make or break productivity is temperature. A too hot environment can increase the levels of stress and anxiety. A too cold environment can reduce wakefulness and make you feel more tired than you actually are. According to several studies, the perfect temperature for the workspace is around 22°C – so set the temperature to that and show the studies to whoever has the courage to argue with you.

3. Personalise with Engraved Signs

In addition to temperature, several studies show that personalising your workspace can increase productivity. There are many ways to do that, from keeping your favourite pictures framed on your desk to personalising your items such as the coffee mug, door plate, or keychain. Companies such as The Engraving People can also help you customise other office items, such as the switch sockets in your office kitchen or the signs around the workspace.

4. Adjust the Monitor Height

Sitting in front of a computer for hours on end is tiresome, but it can also be detrimental to your health if you don’t maintain the correct posture. The first thing to do before investing in ergonomic chairs and desks is to adjust the monitor height.

If you’re using a desktop PC, keep in mind that the monitor’s top edge should be at eye level when you look straight ahead. You can achieve this with a monitor stand if the monitor isn’t height-adjustable.

If you’re using a laptop, invest in a good laptop stand. Not only will it help you adjust the monitor height, but most laptop stands also help you keep your wrists in a natural position.

5. Unclutter Your Space

Clutter can jeopardise your productivity efforts; this is why you should keep it to a minimum. Start by organising the various cables and wires. Then, get rid of everything that you don’t need. Use containers and organisers to sort out the papers and writing instruments on your desk and avoid piling up unnecessary items.

6. Add a Splash of Colour

If you didn’t know it, it’s time to find out that colour can affect your mood and motivation. Sterile office spaces can decrease productivity, so try to add some hues into your work life. If painting the walls isn’t feasible, add some colourful wall art. You can also use colourful containers to keep your pens or add a red or yellow lamp to your desk.

7. Bring Nature Inside

Plants can also boost the mood, especially if your office doesn’t have sufficient windows and lacks natural light. Greenery can improve your productivity, so add some plants to your desk. Alternatively, place some pots on the office windowsill.

8. Tune It Up

Noise isn’t your friend when you’re trying to be productive, but your favourite tunes could be. In fact, listening to music at work can help you complete your tasks faster and come up with better ideas. Sure, not all music may suit your office space, and sometimes you may have to opt for instrumental music only, but nothing stops you from investing in a pair of headphones to tune up your time at work.

Filed Under: Business

Facing financial risk? Get the best quote for public liability insurance

July 23, 2020

Public liability insurance is designed to protect you financially in an instance where you may be liable for costs related to injury to a third party or damages to their property caused by your business activities. To avoid substantial financial loss, it’s a good idea to look into obtaining public liability insurance. It can cover the financial payout if the claim is within your policy limits, which means you don’t have to risk your business and personal assets.

What happens if you have no public liability insurance?

If you find yourself without public liability insurance when you face a claim, you can find yourself out of your pocket due to covering the costs. It can be potentially damaging to your business’ finances. Depending on the incident, you may be responsible for the cost of medical bills, rehabilitation, repairs and other expenses. It makes getting public liability insurance one of the essential parts of running your business. Also, even if the claim against you is unsuccessful, you still need to pay for the legal expenses if you have to get legal representation and advice during the claim process.

Another reason to consider obtaining public liability insurance is a more straightforward process when you obtain your trade licence. Even though public liability insurance might not be a legal requirement, not having public liability insurance can make it more challenging for tradespeople to get a licence due to requirements from companies and their clients.

When you consider the worst-case scenario, you leave no room for unexpected financial loss. Accidents happen, and a lot of the time it is outside of your control, that’s why public liability insurance can provide you with security knowing that your business is protected.

Does house insurance cover public liability?

If you have home and contents insurance, most liability cases are covered. Australian policies generally include comprehensive liability insurance, which often ranges from $10 million to $20 million depending on the level of policy. This liability insurance covers you if an accidental injury happens to third parties (non-residents) on your property, as well as damage caused to their property. Although your home insurance policy will be fairly comprehensive, some important situations may happen where it doesn’t provide cover where you are found liable. For example, claims that involve your business or trade, damage to your property, responsibility for rental or leasing contracts and damage to property or injury to individuals who live with you.

If you need public liability insurance for your business, home and contents insurance might not be enough for you. It’s important to speak to an insurance broker to get a quote for public liability insurance that will provide you with enough cover for your work activities.

At All Trades Cover, we can discuss all the options available to you and help find the right public liability insurance for your business. We have an easy online quoting system through which you can get a quote that will outline all the necessary information for you to get starting with the cover. If you have questions you can call All Trades Cover on 1300 826 850, otherwise fill in our easy online enquiry form to get a quote now.

 

Filed Under: Business

Top Jobs For Individuals Who Are Gun Enthusiasts

July 6, 2020

If you find yourself fascinated with the mechanics and feeling of working with firearms, there are plenty of careers that facilitate such an interest. Working with guns isn’t everyone’s forte, but there’s much to be learned and experienced in the wide world of firearms.

If you want to find a career that parallels your love for weapons, a little research might turn up more info than you expect. Start now, and read through a few of the top jobs for gun enthusiasts. Consider which career course best fits your personality, and start looking forward today.

Police Officer

Police officers strive to use their guns as little as possible, but they are very well trained in the mechanics of their weapons. Most police officers carry a Glock handgun, but there are many other firearms used by law enforcement.

Depending on your primary duty, you may utilize a wide range of firearms on your job. Rifles, semi-automatic/automatic rifles, and shotguns are also among law enforcement’s everyday arsenal.

NRA Instructor

If you have a sound appreciation for firearms, then you know about the business of the NRA (National Rifle Association). The National Rifle Association is purposed for educating individuals on the proper safety behaviors that should be observed when using a firearm and much more. An NRA Instructor spends every day working closely with guns, and you’ll make a good salary in this line of work.

Gunsmith

If you consider yourself a sort of firearm artisan, then you may want to pursue a career as a Gunsmith. You’ll need a clean background and the mechanical skills to get serious about the design of a gun. There are several options for gunsmithing school, and you can be certified in the career in just two years.

Firearm Engineer

If you truly love the make of a firearm, you could build and design them for a living. As a firearms engineer, you will work alongside military personnel and law enforcement.

Who knows, you could even design the next big thing in firearms. Whatever the case may be, you can’t get anymore hands-on than to become a firearms engineer.

Military Soldier

You could always go into the military if you want to become knowledgeable regarding various firearms. A soldier knows a lot about several different kinds of firearms, and they are thoroughly trained in every aspect surrounding their use.

Pawn Shop Owner

Instead of being heavily scouted and controlled by your career, you could work closely with firearms by owning a pawn shop. Of course, you will need the proper licence to purchase and sell the firearms, but you could make more of a carefree living as a store owner.

 

Filed Under: Business

The Biggest Casino Operators In The UK

April 1, 2020

Online casinos are all owned by gambling operators and there are several big-name operators that run casinos in the UK. If you’re looking to register at an online casino, it’s a good idea to do so with one of the bigger operators as they tend to be more secure, have a better reputation, and offer more gambling opportunities by running multiple sister sites simultaneously.

Skill On Net

Skill On Net is arguably one of the biggest casino operators in the UK. The firm is licensed in various jurisdictions including Denmark, Sweden, Malta, Germany, and the UK. Casinos operated by Skill On Net generally offer a gigantic selection of games from providers such as WMS, Bally, NetEnt, Just For The Win, Amaya, Yggdrasil, Aristocrat, Evolution Gaming, Merkur, NYX Interative, Big Time Gaming, Play’n GO, and so much more. Skill On Net accepts a wide range of payment options, processes payments quickly, and its websites all offer daily promotions known as Daily Kicks.

Some of the most popular Skill On Net casinos include Slots Magic, Druck Gluck, Queen Vegas, Mega Casino, Ahti Games, PlayKasino, 44Aces, Lucky Vegas, Giant Casino, Royal Bet, ICE36 Casino, Bacanaplay, Playjango, Royale 500, Slingo, Lordping, and Swift Casino. However, Skill On Net’s most famous site is PlayOJO which has been dubbed as the UK’s fairest online casino for it’s wager-free welcome bonus.

White Hat Gaming

White Hat Gaming is another popular casino operator in the UK. The firm is licensed in three main jurisdictions; the UK by the Gambing Commission, Malta by the Malta Gaming Authority, and Sweden by regulator Spelinspektionen. It also offers a huge collection of casino games including video slots, table games, live casino, jackpots, and instant-win content. Some White Hat Gaming websites also offer sports betting opportunities, although this isn’t as popular as the casino games.

Some notable White Hat Gaming websites include Casilando, Dream Jackpot, Captain Spins, Slotnite, Playzee, Jonny Jackpot, Casimba, Gate777, Dream Vegas, Klasino, Spinland, Miami Dice, The Grand Ivy, Fruity Casa, and many others. At these white-label casino sites, you’ll find a great selection of games, dozens of promotions, excellent customer support, and fast payment processing so you’ll never have to wait a long time for winnings.

Nektan

Nektan is a gambling operator that owns dozens of online casinos in the UK and is licensed by the Gambling Commission. The operator’s white-label sites are known for their notable design, their wide selection of casino games and bingo rooms from various leading software developers including Microgaming, Red Tiger Gaming, NYX Interactive, and more. The sites are also popular for offering players a wide range of promotions for both new users and long-time customers.

There are over a dozen Nektan casino sites including The Gold Lounge, Play UK, Lovereels, Pyramids Fortune, Crazy Wilds, Cheeky Riches, Jackpot Jones, Golden Egg Bingo, Slots Devile, Ruby Loot, Spin Princess, Pretty Riches, Flume Casino, After Slots, Cherry Wins, Coconut Slots, Evoreels, Fruity Wins, GoWin, Mango Spins, Monaco Players Club, Planet Fruity, Plum Casino, Samba Slots, and more. If you register with one of these websites, you’ll benefit from dozens of games and promotions that’ll keep you busy for a long time.

Filed Under: Business

What is GDPR and what can businesses do to prepare for the changes?

January 8, 2020

The General Data Protection Regulation (GDPR) is a new regulation being brought in to companies within the EU but will also impact organisations outside of the EU if they offer services to or exchange goods with EU citizens/companies. GDPR is a regulation that requires companies to prove that they have the consumers consent to withholding personal information. This new regulation is designed to give the consumer more power with protecting their information and having more control over who can view it. It will also force companies to be extremely careful when handling personal information as the fines and penalties for not complying with the new regulations can be very costly.

A computer sitting on a table

Description automatically generated

Internet companies are likely to be the main ones affected, as all their customer interactions take place online, and new regulation will affect each of these. Online casinos and bookmakers will have to be pay close attention to how they contact customers and manage their data, practices such as emailing about new signup bonuses without permission will no longer be acceptable. Casinos such cocasino.ie have taken steps to ensure customer’s marketing preferences are clearly recorded and kept at one central and secure location.

What information is being protected and by who?

The GDPR is responsible for protecting all personal data but what is personal data? The information being protected is as follows: Name, Photo, Email, Home Address, Bank Details, Social media posts, Medical information, IP Addresses, Biometrics, Racial/Ethnical data, Political Opinions and Sexual orientation. All of this information must be protected and managed appropriately, but who is responsible for ensuring the regulations are followed? The companies that currently have personal information must use data controllers to decide the purposes and methods of processing the data as well as coordinating the operations. There are also data processors involved which are responsible for processing the data in accordance to the data controller’s instructions. Between these two parties, they are responsible for the management of personal data.

Penalties and consequences of breaching GDPR

There are strict rules and regulations with the new GDPR that must be followed in order to avoid a financial penalty. If a company does not follow GDPR regulations, they can be fined up to €20 million or 4% of their annual global turnover. This is a big incentive for companies to comply with the regulations as these fines can have devastating impacts. Not only will the consequences be financial, but the trustworthiness of the company and credibility is at stake when a breach of confidentiality occurs. The new regulations have been introduced from 25th May 2018. Any company found not complying after this date will be putting themselves at risk of being fined.

Data protection officers can be employed by companies to reduce the risk of breaching the regulations and ensuring the management of personal data is being carried out correctly. There are certain circumstances when a data protection officer should be employed. These include when dealing with public services, when large-scale systematic monitoring is needed and companies that have large scale processing of personal information.

Preparation and management for the new regulations

Companies must prepare for the new changes to the regulations and ensure everything they do is compliant in order to maintain credibility and avoid being fined. Firstly, companies must understand the requirements that must be met in order for them to be able to process personal information. The most noticeable requirement is the consent of the consumer, this has been highly stressed during the change and has caused companies to send emails to consumers to confirm their consent in accessing and processing their personal information. It also requires companies to clearly state what they will be processing and why; not like before, where small print and small tick boxes were all that was needed. The only other ways that personal data can be processed is due to public task, vital interests, legal obligation, contractual or if both parties have legitimate interests.

There are several ways in which companies can protect themselves and prepare for the changes. Firstly, by making everyone at the company aware of the changes and ensuring the people involved in this role are aware of the changes with GDPR. This will ensure that everyone at the company is on the same page and will minimise errors when processing personal data. The company will need to document where the information has come from and to record when the information has been used for any purpose. Companies can review their current privacy policy and make any amendments so that it fully complies with the new GDPR regulations. This will allow for transparency with consumers as well as protect themselves. There should also be some form of procedure in place to erase personal data if required to; this is part of the new GDPR regulations. These procedures should be updated accordingly to comply with the rules and regulations. Another step companies can take is ensuring their processing policy is lawful and updating the privacy policy, so consumers are aware of the changes. Consent is a hot topic with GDPR and companies should re-evaluate how they gain permission from consumers and update them on what this means. Another important step that has been introduced with GDPR is child protection. This means that personal data from children; mainly from social networking, should be protected in accordance with the new regulations. Companies should be aware of the international policy so that when dealing with international consumers or more than one EU member state, the company must identify the lead data protection supervisory authority and document it. Finally, the company must understand how to identify a breach and what to do when this occurs. This is essential for GDPR as it must be documented and reported to the appropriate body in order to increase security and ensure it does not happen again. In summary, these are all steps that companies can take to protect themselves with the new GDPR rules and regulations and if these are all followed correctly there should not be any disputes.

The future of GDPR

The future of GDPR could have major impacts on the economy as businesses must take extra precautions by hiring more staff to manage data protection and processing. This will increase the costs to the company and could cause item prices to increase and have a major influence on the economy. The future of GDPR is uncertain and will not be clear until there is evidence to support success or failure. To conclude, GDPR is the newest set of rules and regulations must follow when processing personal data and companies can take several steps to protect themselves against dispute and legal difficulties. It is vitally important that these steps are taken to avoid the penalties and damages to reputations.

 

Filed Under: Business

Starting a Construction Company? Here Are 5 Things You Should Not Ignore

November 20, 2019

The construction industry is arguably the backbone of the US, as it assists with the creation of a range of vital new projects from housing to a host of other structures.

According to the Associated General Contractors of America, there are more than 680,000 employers in the industry in the US as well as seven million employees. It is a huge sector and it also feels like it is getting bigger all of the time, particularly as individuals who have vast expertise often choose to go it alone and begin their own ventures. However, if you’re planning to take the leap and establish your own building firm, what key issues should you consider? Here we offer up our suggestions on matters which you should not ignore.

Site, Crane, Construction Machinery

1. Address the basics

It is important to ensure you have some core items in place from the very beginning, from a business bank account and a registered company name to software that will help with your finances. Construction insurance is also a must, as such cover will ensure your business is protected in the event that anything goes wrong during a project that you are working on.

2. Spread the word

Marketing is essential for any new business, as it will help you spread the word about your offering and could ultimately boost your workload. Establishing a website and social media accounts could be a good start in terms of online promotion, while the tried and tested offline strategy of having a company name and contact details on vehicles should also not be ignored. To help increase visibility, you should consider a link building campaign with Niche Inbound.

3. Be unique

As we have already touched upon with the figures above, the construction industry is a hugely competitive area with a lot of active companies. With that in mind, consider how you can make your venture stand out, whether that is in terms of your pricing structure or simply developing a service in a manner that few others can.

4. Build relationships

As ConstructConnect.com outlines, building new relationships with other firms can be vital for project success while it could also lead to further opportunities in the long run. The website outlines how general contractors might turn to others to expand into new areas of work, while subcontractors might also be able to break into larger projects through such partnerships too.

5. Look ahead

The construction world is always evolving, so it is important to ensure you do not rest on your laurels or fail to move with the times. Keep tabs on new developments in materials, design and construction, as this could help you secure work on major projects. Furthermore, consider your professional development and learn skills that will take your offering to a new level.

Plenty to consider

The construction industry is a vital component of most countries and it plays a particularly important role in many ways across the US. Starting a construction business can be a hugely exciting time, but it is clear that there are plenty of issues that those starting out on their own need to consider.

We hope the suggestions above might give you some ideas on the key matters to bear in mind, as tackling each of them could make a major difference to your business success.

Filed Under: Business

How Can a Dental Practice Increase Its Profit?

October 8, 2019

 

13

Having your dental clinic means that you need to take charge of running your business. If you want to take your dental practice to the next level, you need to find ways to increase your revenue. Aside from reducing your overhead costs and other expenses, what can you do to make your dental practice more profitable?

If you are planning to expand your practice to other places, you will need additional capital to pay for the lease and purchase brand-new equipment. Increasing your profit will also allow you to settle all of your outstanding debts, including paying off your student loans. Earning more will give you the privilege to cut back on your hours and focus more on your family. These are just some of the things that you will get to enjoy once you have decided to increase your profit. So, if you want to know more, here are some tips to help you attain financial freedom while doing something that you are passionate about.

Be aggressive in taking on new patients

Some dentists are happy seeing five to ten patients a day. This mindset is okay as long as you have another source of income like teaching or a corporate job. But if you are dependent on your dental practice for all your income, now is the time to step up your game. Set a target of how many additional cases you can take each day. If you can double your numbers, expect a 100% increase in revenue in no time.

Improve your resources

The more patients you take on, the more money you make. But the problem is you cannot do it alone. The best strategy is to invest in additional dental chairs and hire more dentists. Take time to look into your current process and see if you and your team are being efficient. You can probably make adjustments on your pre and post-operative procedures, allowing you to accommodate additional cases.

Ask for more referrals

Having a good relationship with your clients can work to your advantage. During consultations, take the opportunity to ask your clients for possible referrals. If one patient can refer an additional two new patients in one month, you have high chances of earning twice your current income. To return the favor, you can give discounts or free additional procedure like prophylaxis, fillings, brace adjustments, and extractions.

Specialize in certain procedures

Basic procedures are fine, but in reality, it is not going to bring you a lot of money. You should look into upgrading your services by going into cosmetic dentistry like implants, veneers, Invisalign, and more. You can also earn good money by offering braces. You can take additional courses and training to specialize in these areas.

Lastly, find ways to improve your marketing strategy. Try different methods like dental SEO for people to notice your business. There are some strategies that you can do for your business. Have your clinic listed online, start blogging, develop a website, and stay active on social media.

Image: https://pixabay.com/photos/dentist-dental-office-dentistry-2530983/

 

Filed Under: Business

  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Go to page 4
  • Go to Next Page »

Primary Sidebar

About Us

Hi friends, I’m Lennox and I’ve been blogging for a few years on different websites. I love to read and write, explore life, travel, build and design and much more.In my early 20’s I took off and travelled abroad. I have seen much of Australia, the United Kingdom, several places in Africa, and many places within the United States as well. Read More…

Let’s Connect

  • Facebook
  • Instagram
  • Twitter

Recent Posts

  • 3 Ways To Make Your Home Disability Friendly
  • 3 Ways To Prepare Yourself And Your Vehicle For A Possible Car Accident
  • 3 Ways To Show Respect When Caring For An Elderly Loved One
  • Toupee OR Wigs? What Every Men Should Know
  • Our favourite nightwear looks to sleep in style
  • 3 Great Online Poker Strategies for Serious Players
  • 3 Tricks To Make Your Home Look Like It Was Professionally Decorated

Newsletter

Facebook

Life Hacks 101

Footer

About Us

Hi friends, I’m Lennox and I’ve been blogging for a few years on different websites. I love to read and write, explore life, travel, build and design and much more.In my early 20’s I took off and travelled abroad. I have seen much of Australia, the United Kingdom, several places in Africa, and many places within the United States as well. Read More…

Facebook

Life Hacks 101

NEWSLETTER

Copyright © 2022 Live SV on the Brunch Pro Theme