Three focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Organizational/Management Discussions. Office space in any business or organization is critical. One of the keys to your business is optimizing and updating your office space. The following contributed post is entitled, Updating Your Office Space: A Guide For Business Owners.
If you run an office space as a business owner, you’ll know that keeping your space safe, stylish and up to date is a challenge. Not only are updates to your space costly, but they are time consuming, and often create a disruption to the workflow of the office. But of course, with great power comes great responsibility, and if you want to be a responsible business owner, keeping your space user-friendly and up to date is essential.
How Often Should The Space Be Updated?
If your original office space was well-built and well-designed, you should not need to update it often. With proper maintenance, cleaning and care, the building may only need refurbishments every fifteen to twenty years. This also depends on the business. If you run a café or restaurant with a lot of footfall, these refurbishments should happen more frequently, as the general wear and tear of the place will increase.
What Should Be Prioritized?
As with most things, safety should be the number one priority. If you feel your space needs multiple changes to be made, take it one step at a time. The core safety of the building, its structure and safety exits should come first. Installing fire-safe MCM panels on the outside of your building and ensuring that fire exits are safe and well-signposted are essentials for your building.
After safety is taken care of, the next priority should be your office’s usability for its employees. Offices should be spaces that encourage collaboration, concentration and productivity. This means that the layout of the office should be designed for employees to have both peace and quiet, and spaces to collaborate.
Finally, there are the finishing touches. To make your office a standout space which your employees love to spend time in, add colour, nature and a few easy perks. These are simple additions which transform your office from a mundane place of work to a chic locale.
Some ideas for these design finishing touches are:
● Houseplants. These are fantastic additions to any room with natural light. They are inexpensive and beautiful, and amazingly, they help purify the air in your office. ● A good quality coffee machine. Seriously. Although a coffee machine is a slightly expensive addition, your employees will be thrilled with this addition. Coffee goes a long way, particularly in stressful times when extra energy reserves are needed. ● Chill-out spaces. If your office is not in a city centre, and is not surrounded by cool hangouts for your employees to kick back in on their breaks, create one in your own space. This can be as simple as a few bean bag chairs and a Playstation for everyone to enjoy their downtime.
Outsourcing Your Updates
If you are concerned about updating your office space, contact a contractor who can talk you through the process and ensure the work is being done safely and legally. If you need help with design, contact an office designer for a quote, or use the internet for office design inspiration!
Don’t Overlook Safety
Upgrading your office is not just about aesthetics; it’s also about creating a safer environment for everyone. Ensure that exits are clear, cords are secured, and emergency plans are visible. Small updates, such as improved lighting in stairwells and the addition of anti-slip mats, can help prevent accidents. Fire safety should be a top priority as well. Make sure your space has functioning alarms and accessible fire extinguishers. These simple steps can help protect your employees and equipment in case of an emergency.
A key focus of my blog is Health/Wellness. Mental health isn’t something that’s easily seen but it may be the most important health of all. It’s important for all of us to stay on top of our mental health. The following contributed post is entitled, A Heads Up On Mental Health.
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It’s impossible to discuss the topic of general wellness without paying close attention to mental wellbeing. Sadly, despite an increase in awareness, mental health is something that millions of people continue to suffer from. Even if you feel like yours is in a good place right now, this is the time to invest in this aspect of your wellbeing.
If you are serious about regaining control of your mental health, the following issues must be respected at all times.
Throughout your life, you’ll need to balance a variety of goals and responsibilities. Some of them only require your attention for short periods. However, your mental wellbeing is not something you can switch on and off. Therefore, it’s vital that you consider your mental health in the workplace as well as your home life and social activities. If your mental health suffers in one part of your life, it’s likely that the negative impacts will take their toll elsewhere. When the puzzle pieces fit together, wellness levels soar.
#2. Uncertainty Is The Biggest Cause For Concern
When bad things happen, it’s very easy to let your mind get carried away and think about the worst possible scenario. Meanwhile, a sense of uncertainty can often limit your opportunities to achieve inner peace. Thankfully, support is often available to ensure that you gain clarity and closure far sooner. Motoring offenses are a frequent issue, which is why a DWI lawyer may be a key contact in your bid for better mental health. Or if you are concerned about physical health issues, seeking medical experts is advised.
#3. Past Mistakes Can’t Define You
Dwelling on the past is another common source of mental health problems. While it’s important to learn from past mistakes and make amends where possible, you can’t change the past. Growing from those errors is a significant part of your personal journey. In severe cases, you can draw a line under past chapters by relocating to make a fresh start in life. For most people, though, a conscious effort to establish a healthier mindset is more than enough to create a better future.
Financial stress is the root of mental health issues impacting millions of people coast-to-coast. Sadly, they won’t just disappear, which is why you must tackle them face on. Speaking to a financial advisor or debt relief service can often deliver crucial info. Meanwhile, drawing up a budget and analyzing your situation to identify changes is vital too. If you continue to follow the same habits, the same results will follow. Conversely, the knowledge that your finances are moving in the right direction, even slowly, will aid your wellbeing.
#5. Human Interactions Are Key
Humans hold the key to your mental happiness, and their influence can be for the good or bad. Social interactions are naturally an important feature for maintaining your mental health. Meanwhile, knowing that you can express concerns and speak to them about anything is highly beneficial too. Conversely, though, when people lead you to bad decisions or constantly borrow money from you, the results are negative. It’s a tough thing to do, but many people find that taking a step back from problematic friendships is the best step of all. When used to support the other features mentioned above, your head will be in a better space.
Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. As a business owner, you want to always be conscious of threats to your operations and to be proactive about them. The following contributed post is entitled, 3 Threats That Could Bring Your Business To Its Knees.
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When it comes to running a company, it certainly can be a risky business! In fact, there are often all sorts of threats that loom over your business, that could quickly bring everything you have worked so hard and so long for, crashing to the ground. Fortunately, proper planning can significantly minimize the risk that such threats pose to your company. A topic you can read more about below.
Compliance Risk
Compliance is how well your business meets the laws and guidelines set out by the countries and sectors that it operates in. For example, in many places, companies will be expected to protect customer data, protect employees’ health and safety, and protect service users by acting within strict guidelines and operating codes.
Additionally, if your business fails to meet such codes, you make yourself vulnerable to many risks. The first of these is the fine and punitive action professional organizations, governments, and private citizens can take against you. While the second is that by intentionally or accidentally not complying, you can jeopardize the reputation of your business. Something that can lead to a lack of customer trust and so negatively impacts on success.
Therefore, always familiarize yourself with the codes relating to your business. You must also demonstrate that you are doing all in your power to meet them while also keeping the necessary documentation. Of course, if you are unsure or unclear on any official rules or guidelines, consulting a legal specialist in the areas in which your business operates is best.
Physical risk
Another type of threat you must plan for when running a business is physical risk. There many of these that need to be considered depending on your location, including flooding and earthquakes. Then there is fire, which is not so location-dependent and is a threat that can wipe out your assets and pose a genuine threat to the life of your employees and clients.
The good news is that there are several actions you can take to minimize the risk of a fire occurring and the risk of it causing damage and injury. One such step is to ensure that any buildings you own or lease are constructed with fire safety in mind. Something that may mean using resources such as fire curtains in large open plan spaces. The reason being that they block space off, preventing a fire from spreading and making it much safer.
Security risk
Finally, when it comes to threats to your business, you must carefully consider any security risks. This means dealing with both real-life perils such as burglary, and vandalism, and cybersecurity issues.
To that end, you must give as much attention (if not more) to your online security as you do the protection of your buildings. Something that means you will need to consider tactics such as two-factor authentication for users, and robust cybersecurity policy and training. Also, finding data storage providers that use the most up to date cybersecurity systems possible is essential here too.
A key of focus of my blog is Career Discussions. Being an Architect is like many other professions where you have to properly vet the projects you take, and make sure that they are well-suited to your particular skill set. The following contributed post is entitled, How To Pick The Right Architecture Job.
The world of architecture is quite a complicated one. People often have to study for many years, along with making buildings into one of their main interests, before they can even think about trying to find a professional role in this field. This will involve spending a small fortune on going to school, leaving many people with huge debt before they can even start in their new job. Of course, though, after you’ve done all of this work, you’re going to want to make sure it’s worth it. To help you out with this, this post will be exploring some of the work that can go into choosing an architecture job that will enable you to live your dreams.
The Right Location
The right location is always key when you’re looking at jobs in a field like architecture. While there are plenty of firms around the world that handle this sort of work, very few have the acclaim to work on the largest projects. California is one of the best places for this, with architects being paid far more on average than their counterparts in other places. Ideally, you’ll want to be working somewhere with plenty of exciting buildings projects going on, while also finding somewhere with a lot of wealth.
The Right Business
Next up, it’s time to think about the type of business you’re going to be working for. There are loads of architecture firms out there that never see an exciting job. Instead, companies like this will work on essential projects, building things like affordable housing, schools, and hospitals. Of course, though, it will be far more fun to work for a firm that’s tackling much bigger building problems. You can look at the portfolios of the companies you visit to determine what they’ve done in the past, and this can be a good indication of the sort of work they’ll let you do in the future.
The Right Position
Much like any role, architecture jobs within firms will always have a strict hierarchy. Those at the top of the ladder will make the biggest decisions, ultimately shaping the buildings they work on more than the others in their company. Getting into the top spots within a business won’t be possible overnight, but you can improve your position dramatically with just a couple of years of extra study. Getting a Masters Degree in Architecture will give you the chance to get a much better position than having a bachelors degree. Of course, though, some people will like the idea of climbing the ranks through a firm.
Getting the job you want when you leave your studies can be hard. A lot of people are forced to settle for something that doesn’t reflect their ambitions, and this can make life incredibly unsatisfying. By taking the right action and being selective with the elements that form your job, though, you can often change this, giving yourself access to the jobs you’ve always dreamed of.
Two key focuses of my blog are Workplace Discussions and Health/Wellness. A major responsibility of management especially industrial settings is assuring workplace safety. Maintaining a healthy workforce will assure continued productivity. The following contributed post was entitled, Keeping The Workplace Safe.
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Injuries can happen in many different ways. A lot of people are shocked to discover the figures when it comes to workplace accidents. In 2018, 5,250 workers lost their lives due to a workplace accident. On top of this, there were 2.8 million non-fatal workplace illnesses and injuries. We all need to do our bit to reduce these figures.
Everyone in the workplace has a duty to ensure that the environment is as safe as possible. Of course, the ultimate responsibility falls on the shoulders of your employer. However, if you notice something that you don’t think is quite right, you should always report it. With that in mind, we are going to take a look at some of the things that all employees can do to keep their work environment as safe as possible.
Always wear Personal Protective Equipment The first thing you need to do is make sure that you always wear Personal Protective Equipment, which is often shortened to PPE. Depending on the nature of your work, you may have a number of different types of PPE that you need to wear. For example, if you work in a noisy environment, you may be required to wear ear protection. No matter what PPE is required, make sure that you wear it at all times.
Report unsafe conditions Aside from this, if you notice any conditions that are unsafe, you need to report these to your employer as soon as possible. If you have been injured because your employer has not rectified a potential issue, you should look into hiring a personal injury lawyer. After all, your employer has a responsibility to provide a safe and healthy work environment, and so it is imperative that they adhere to the laws that are in place.
Stay in-the-know regarding safety procedures In addition to the tips that have been provided so far, you should make sure that the emergency exits at your place of work are kept clear all of the time. You should also be aware of any new safety procedures that are put in place. Safety procedures are updated all of the time to ensure maximum efficiency, so keep up to date with this and never take shortcuts either.
Take breaks regularly and keep the correct posture Finally, there are a number of different things you can do to manage your own health in the workplace. Even office jobs can have a number of different dangers. Take breaks regularly and keep the correct posture to ensure that you are as healthy as can be in the workplace. There are lots of ergonomic furniture pieces and office supplies that are available today and can help you with this.
As you can see, there are a number of different ways that you can make sure your work environment is as safe as can be. If you follow the suggestions that have been mentioned above, you considerably reduce the possibility of being involved in any sort of workplace incident.
Two key focus of my blog are Athletics/Sports and Health/Wellness. A common activity/pastime/sport is cycling. It’s thought to be universal activity, one which individuals with certain physical limitations such as hip replacements can safely participate in but it is 100% beneficial for you? The following contributed post is entitled, Cycling Might Not Be All That Good For You After All.
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Cycling is currently undergoing a resurgence in popularity. Everyone wants to hop on a bike, cycle to work, and get healthy, especially when there are significant risks for using public transport.
Public health officials love the idea too. For years, they’ve been pushing cycle lanes and bicycle-to-work incentives to get people riding on two wheels. For them, it’s a solution to the longstanding obesity epidemic. If people cycle to work, they’ll lose weight, get healthy, and reduce the strain on the health system.
Cycling, however, remains a bit of fringe activity. People do it – but not in the numbers required to make much of a dent in motor vehicle use. Plus, it is such a fleeting part of most people’s lives that there are only limited scientific studies on the downsides of the activity. For that reason, there’s barely any pushback that recognizes both the benefits and risks.
Before delving into why you might want to avoid the current cycling craze, let’s be clear on the benefits. We’re not saying that riding a bike is a bad thing, like smoking. It’s just that it isn’t just a list of benefits: there are costs too.
Cycling has all sorts of positive effects on your body. For one, it helps to improve your posture. Riding a bike requires the use of all kinds of core muscles, and it forces you into a particular stance, which enhances the overall balance of your body.
The exercise you do while riding a bike may also increase your level of cardiovascular fitness. The more you ride around, the healthier your heart and lungs become.
There’s also a good deal of evidence that riding a bike reduces your levels of stress more than practically any other form of exercise. There’s something uniquely freeing about the sensation of pedaling with a smooth-riding contraption between your legs. You feel liberated, particularly when you go offroad, something that might reduce blood pressure.
Finally, it may increase muscle mass, especially around the legs and buttocks, thus raising your natural metabolic rate.
Nobody seriously disputes the benefits of cycling – and in a perfect world, there would be only benefits. But in reality, that’s not how it pans out. Cycling has serious drawbacks, and we need to discuss them.
Cycling is one of the most dangerous things that you can do on the road. You wouldn’t run down the middle of the street with cars passing by on all sides, but that’s essentially what you’re doing when you ride a bike. You’re not in a vehicle, so you have no protection. It’s just your soft, fleshy body, versus metal bodywork.
Per mile traveled, cycling is one of the most dangerous forms of transport, which is why city authorities are so keen to install bike lanes. Bureaucrats know that motorists don’t pay as much attention to cyclists as they should, and that’s when accidents happen.
Cyclists also have a penchant for ignoring the road rules – another thing that gets them into trouble. Jumping red lights or under-taking are tempting when you’re on a bike, and you know you’re not going to get caught. But they also make getting from A to B more dangerous.
Even if you go offroad, there are still serious risks. Mountain biking isn’t a sport known for its low chance of injury. If you come off at speed, you can easily break bones and concuss yourself. Wearing elbow and knee pads can remove some of the chance of serious injury, but not all of it.
The Pollution
Cycling around in city traffic also exposes cyclists to a host of unpleasant fumes from ICE vehicles. Diesel is the worst. It contains tiny particles that damage the lining of the lungs, eventually leading to serious conditions, like cancer. They get in through the nose and mouth and bury themselves in the soft tissue that lines the passageways that lead to the lungs. With enough exposure, cyclists can eventually develop a sore throat and more severe conditions, especially if they spend more than an hour per day in heavy traffic conditions.
Pollution levels are often higher in places where cycling is more important. In China, for instance, officials want to encourage it to prevent cities from being overrun with cars. Therefore, regular folks are going to need assurances that they’re not damaging themselves at the same time.
The Fertility Issues
If you thought that bouncing along on a tiny saddle was a bad idea, you are right. Researchers rethink that the act of riding a bike restricts the arteries that flow to the testicles. Cycling is a significant reason why so many people visit a male infertility doctor. It’s an unseen factor that prevents families from having children.
You might think you can avoid fertility issues by wearing padded shorts and avoiding lycra, but it’s not as simple as that. Vasoconstriction appears to happen regardless of the level of padding, so it’s not just a matter of pressure. There seems to be something about the very act of cycling itself that causes problems.
We tend to forget that bicycles are contraptions, not parts of the natural environment. Operating them, therefore, could be just as much of a risk as anything else. Like so many other machines, they may not perfectly conform to our bodies’ ergonomics, causing problems.
Fertility issues may be just the tip of the iceberg, too. Evidence suggests that cycling regularly can lead to muscle imbalances and knee problems, especially if cyclings clip into their pedals.
Cycling might seem like a cheap form of exercise. But the moment you get serious about it, the price rises significantly. If you want to go running, you put on a pair of sneakers and hit the trails. If you’re going to go cycling, you have to spend at least a couple of hundred dollars on a bike, and extra money on helmet and gloves. And that’s just for the basic kit. Serious cycling is much more expensive.
The average mountain bike, for instance, is an extremely sophisticated machine with dozens of moving parts. Brand new, these bikes typically cost thousands of dollars and are top on the list for criminals to steal. They’re highly transportable, and there is no central registry, tracking who owns what. It’s not like cars.
The same applies to road bikes too. Quality cycles in this category are often made of carbon and cost thousands of dollars. Replacing them isn’t easy.
On top of the upfront cost and the risk of theft, you also have ongoing maintenance issues. Serving a car might cost $500 per year. If you buy a top-end bike, you can easily spend that sort of money on your machine as well. It gets expensive.
The Importance Of Dialogue
Cycling is hailed as the preferred mode of transport for the 21st century. It’s green, good for you, and, dare we say it, fun. But people have become so enthused that a serious discussion of the risks is no longer a part of the dialogue.
The truth, though, is that cycling is not as innocuous as checkers. It comes with risks to health, many of which are far higher than driving in a car. Modern society is set up for the motor vehicle. Like it or not, that’s how the world has developed. The pushbike was, until the pandemic, way down the list of most people’s priorities. Some city councils built cycle lanes, but they were often an after-thought and seldom used. The vast majority will always prefer to go around on four wheels. And so getting around frequently requires riding on the road.
Cycling isn’t as accessible as many people imagine, either. First, you have to be physically fit to do it, which many people are not. You also have to have parents who taught you to ride a bike. If you’re an adult who can’t, you either have to learn – which isn’t easy – or forget about it. And, secondly, cycling is more expensive than many people imagine. Bikes might be cheap for policymakers on fat salaries. Still, they’re far dearer for the average person looking to make a living.
Therefore, it is critical that we have a sensible dialogue about cycling as a form of transportation. If it really were as good as people imagine, then we would all be doing it, but we’re not. Many of us use our cars at the first opportunity, even if it’s just to go down the street to pick up some groceries from the store.
We have to question; why? Is it just laziness? Or does cycling come with some serious risks? Do people avoid it for good reasons? Imagine if the government was pushing motorcycling, which is as dangerous as riding a pushbike per mile traveled. There would be an uproar. It would be irresponsible. But for some reason, the same rules don’t apply to bikes. Perhaps that needs to change?
Two key focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Real estate investing is a game all in itself. A key piece/knowledge set of the game is property development, something that isn’t obvious to novices. The following contributed post is entitled, The Novices Guide To Property Development.
Being a property developer is a goal for many amateur investors. If you have a nest egg in your savings account wallowing and accruing a woeful interest rate, you may want your money to work more aggressively for you. You will need to withdraw some of your hard-earned cash to develop a more exciting investment portfolio. Investing in bricks and mortar is often seen as safe as houses. With people always needing homes to live in and populations increasing, it can be a sector worthy of consideration. If you have an eye for decor, you are a tad creative, and you don’t mind getting your hands dirty, you might be interested in reading this novice’s guide to property development.
Budget
It’s crucial that you understand how renovating a fixer upper works in terms of your budget considerations. You need to factor in the purchase price, the cost of your scheme of works, followed by the fees and taxes you may be liable for. If you total this up and you still have a healthy profit margin, then it could be a goer. Budgeting requires you to consider a contingency. Property development can always throw up weird and wonderful issues that can be costly to fix, from damp in the bedrooms to needing a full replumbing of the bathroom. Ensure that you are wary of this and have at least a ten per cent contingency should you need it.
Works
When you begin renovating your property, you will need to draw up a list of jobs that need completing from the major works like a loft extension to the tiny jobs like replacing the hinges on doors. When working out costings, take into account how much tradespeople cost. If you are working at height, you may need to consider edge protection and scaffolding especially if you are looking to install a dormer or you need to replace a roof.
Think about getting onto a course to help you learn a trade. Investing in yourself could help you save money in the long run. While the initial outlay to learn how to plaster could be costly, you can then do the skimming work yourself on every property that you choose to renovate in the future. While you may need to use a gas engineer or an electrician, you can whip up wallpaper, do the painting and possibly have a go at fitting a kitchen to save you money on renovations.
Sell Or Rent
When you are looking at the end-user of your property, this could be a buyer or a renter. You might want to think about whether you are going to flip your new pad and sell it on quickly or whether you are seeking a longer-term investment to rent to a tenant. Renting when at a yield of over six per cent is a great way to achieve a monthly income, pay the mortgage, and still end up with some leftover cash to top up your savings. Renting is an exceptional way to provide a high-quality home for others while accruing a greater level of profits than you would if your money remained languishing in your savings account.
Follow this guide and you won’t be a novice property developer for too long, as your investment portfolio goes from strength to strength.
A key focus of my blog is Athletics/Sports. Many people don’t know about the sport of Pickleball which is gaining popularity across the United States. The following contributed post is entitled, A Quick Introduction To Pickleball – The Sport Growing In Popularity Across The U.S.
Pickleball is a paddle sport that incorporates elements of tennis, badminton, ping-pong, and squash. Played both indoors and outdoors on a badminton-sized court with a slightly modified tennis net, the game can be played as singles or doubles by people of all ages and abilities. Invented in 1965 on Bainbridge Island by three fathers whose children were bored with their usual games, Pickleball has since evolved from a home-made game to a national and international sport, played by more than 2.5 million people in the U.S alone.
How is pickleball played?
Pickleball can be played as singles or doubles and has a very simple set of rules.
1. The ball must always be served diagonally across the net.
2. Players on both sides must let the ball bounce once before volleys are allowed.
3. Volleys cannot be played from the ‘no volley zone’ which occupies seven feet each side of the net to avoid spiking
4. The player who is serving will continue to do so until a fault is made by the other player or they make a fault themselves. Then the serve moves to the other player or team.
5. The first person, or side, to score eleven points and to lead by at least two points wins.
Pickleball faults
A team, or player, takes a fault whenever: A. If they enter or touch the non-volley zone during a serve B. They hit the ball out of bounds C. They do not clear the net D. They volley within the non-volley zone E. Or the ball is volleyed before one bounce has occurred on each side.
What equipment do you need to play pickleball?
Originally, pickleball was played with simple home-made paddles, however as the sport has grown, this has been replaced with more specialist equipment. To play pickleball, all you need is a pickleball paddle, which is smaller than a tennis racquet but larger than a ping-pong paddle, and a pickleball, which is unique to the sport and is based on the Wiffle ball. Pickleballs come in a variety of colors and differ slightly depending on whether you are playing indoors or outdoors. Ideally, pickleball will be played on a badminton-sized court with a pickleball net, however, theoretically, it can be played on any modified court.
What do you wear when playing pickleball?
Pickleball is a sport accessible to all, and no specialist attire is required. Generally, it is suggested that players wear athletic wear to allow them a full range of motion and wear some style of court shoes with the correct foot support. Although not essential, committed pickleball players often choose to purchase specific pickleball shoes and also store their equipment in the best pickleball bags to make it easier to transport their equipment and clothing to and from the court.
Where to play pickleball!
Pickleball is growing in popularity across the U.S, Canada and into Europe, and is often played in schools as well as by private clubs. If you want to give pickleball a try where you live, then if you live in the U.S then you can use this link to find an official place to play. If you live abroad, then a simple Google search will usually notify you of any local pickleball clubs.
So there you have it – a brief introduction to the world of pickleball. Have you ever played? maybe it’s a new hobby to try this year?
Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. As a business owner you must think about mitigating risks. Learning to mitigate risks will assure that your doors stay open. The following contributed post is entitled, Mitigate Investment Risks As A Business.
Investment is very important when hoping to grow as a business, as any mid-tier business owner would know. But it’s not only making investments that requires forethought, rather securing the quality of those investments is everything, and this should be considered in advance.
But how can you achieve this most important of goals? As a firm, you likely have so many more variables to keep track of that managing your investments, forecasting likely results, and learning how to properly diversify your portfolio can be a very hard ask. Where to begin with such an intensive responsibility?
Well, we believe we have some answers that may aid you on your journey. Mitigating investment risks as a business is often your most important, most affecting step. After all, it’s amazing to see the opportunity in something, but this must always be leashed by your ability to forecast and manage the pitfalls. If you can achieve that, you’ll be in good stead for positive future results.
Without further ado, let’s move into the advice:
Commercial Estate Brokerages
When hoping to find the best commercial real estate to invest in, or if investing in it and wishing to take good care of your new asset, finding an excellent commercial real estate brokerage can be a great idea. Not only can they help you manage and forecast upcoming events or pricing fluctuations that may result in a better or more worthy investment, but they can also help you manage the property on your books with clear and concise predictors. This helps you not only find the best investment, but carefully protect it as the years go by.
Forecast Results
It’s important to forecast the results of your investment and the knock-on effects they may have. For instance, investing in precious metals as of the moment is likely a strong predictor of stability, but that’s not always the case depending on the size of investment and where the diminishing returns may be. Using cost pattern analysis and past valuations of a particular investment, you may be able to predict a future value. This is why big tech companies often invest or outright acquire smaller startups that seem to be succeeding in a novel idea, they are both acquiring the potential value of said company and nullifying a future competitor. Investments are always regulated by time, for better or worse.
Set Defined Guidelines
Set defined guidelines about what level of risk you are willing to accept. For some, this may mean making a loss on a certain project for years, because ultimately the utility will be worth it. This is the difference between finding a new office space or renovating and extended part of your currently owned building. When you set the guidelines for the risks and timelines you’re willing to accept, you will ultimately feel more comfortable in taking on risk, as it will have been planned from the offset.
With this advice, we hope you can mitigate investment risks as a business, time and time again.
Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. If your in the commercial real estate investing arena, you want to understand how to add value to your commercial property to make it as competitive as possible. The following contributed post is entitled, 5 Ways to Add Value to Your Commercial Property.
Improvements to your commercial property will vary in complexity and cost, and which suit your building depends on the type of business you run. There are changes both big and small you can make to your commercial property that will add value. If you’re thinking about selling your property in the future, consider it an investment. With a more up to date building, you’ll also make a better impression on your clients. Here are five ways to add value to your commercial property.
Maximize energy-efficiency
Maintaining a more efficient and sustainable office will attract both potential buyers and clients. You can achieve this with a few upgrades. Insulation is important, so install eco-friendly windows. Hight Performance Spray Systems can also help to improve your installation. This is the best way to run a more sustainable workplace.
There are many advantages to a well-insulated building, especially in colder climates. You’ll save a lot of money on your heating bills and maximize efficiency, leading to a higher net operating income (NOI). Maintain all mechanical systems to ensure maximum efficiency.
Contemporary amenities
This depends on the type of building and business you run. Think of ways you can boost appeal, from offering trendy food or coffee to converting a roof garden. If you have space you could also convert a room into a gym or cafe. This will increase the appeal to buyers. You’ll also be creating more fun and comfortable space for your employees and clients.
Smart office automation
It’s worth switching to smart office automation if you haven’t already. You’ll be able to control your thermostat, electronic devices, and lighting from your smartphone. There are also plenty of gadgets available to improve your working experience. Check out some of the best smart office products.
Curb appeal
Consider investing in a new sign or revamping your branding in your reception area. This will help to add curb appeal straightaway. Give a lick of paint to any areas that need it. Don’t neglect exteriors such as parking lots. Weigh up your costs of renovation on if and when you want to sell the property.
A nicer looking building will be more attractive to both your employees and clients as well. Security is also a good investment. Install a more up to date security system to increase appeal. Pay attention to this particularly in the parking lot.
Increased occupancy
Increased occupancy in commercial property will add value. Tenants and long-term leases will make the property more desirable. This is because commercial properties are based on cap rates rather than comparable sales, so occupancy really makes a difference. Higher occupancy rates are based on the demand for rental space, so use this to your advantage.
With a few upgrades, you can really boost the value of your commercial property. Whether you’re thinking of selling or want to improve the facilities for your staff, it might be time for some new additions. Bring your commercial property into the 21st century and invest in your future.
