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Apple could soon become the world’s only $1,000,000,000,000 company

Apple could soon become the world's only $1,000,000,000,000 company

Apple’s market capitalization could reach $1 trillion

As Apple is getting closer to the trillion figure, the tech giant could soon become the world’s only $1,000,000,000,000 (one trillion) company.

At the end of a day of trading on Wednesday, Apple’s stock closed at $175.88, making its current valuation above $900 billion. However, to reach the one trillion valuation in terms of market capitalization, the company’s shares will have to trade around the $195 mark, which is possible predict the analysts.

According to Brian White, a Drexel Hamilton analyst and the biggest Apple advocate, believes that the company will reach the price target of $235 per share within the next 12 months:

“With a market cap of over $900 billion, we believe Apple is on its way to becoming a “trillion dollar baby” as reflected in our price target. We were the first on Wall Street to project that Apple would reach a $1 trillion market cap as reflected by a price target; our current price target of $235.00 equates to approximately a $1.2 trillion market cap.”

Echoing White’s views is RBC Capital Markets analyst Amit Daryanani but with a slight difference. He thinks that Apple could hit the one trillion mark valuation or may be more by the end of 2018. His current target price of Apple’s share is $190.

“In our view, Apple’s quarterly results will be less important this summer as investors are focused on the iPhone 8 this fall, along with the company’s raised capital distribution initiative, depressed valuation and potential new innovations. We believe Apple remains among the most underappreciated stocks in the world (11.3x our CY:18 EPS estimate, ex-cash),” said White on Apple’s future business prospects.

With Apple’s iPhone 8 and 8 Plus doing fairly well in the smartphone market and with its latest product, iPhone X being in huge demand despite the steep price, the Cupertino giant looks to reach the one trillion mark in the future very soon.

Source: MacRumors

 

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3 Easy Ways to Prepare for Your Kid’s Stable Financial Future

3 Easy Ways to Prepare for Your Kid's Stable Financial Future

Parents always want the best for their children, not just when they are living with you in your home but even after they leave your home to fulfill their destinies. It is highly recommended that you have a plan to teach and educate your children on the ways in which the world works. Most naturally, this requires a great amount of proper planning to make sure that they have the right amount of resources to increase their chances of being successful when they start out on their own. Don’t feel sad about the day when your children would leave your home, but consider these simple ways to better prepare for your children’s futures.

Start Planning for College Right Now

A lot of young adults today are starting their lives with a huge load of student loan debt. As a parent, it is not feasible for everyone to afford the total cost of college education, more so given the increasing rates for tuition and boarding in certain countries. With that being said, you will be able to start planning now for your kid’s education with the help of a 529 tax advantaged savings plan. This will offset the a good portion of the money that your children might need when the time comes for their turn to go to college. This helps them to reduce their reliance on those expensive student loans. Thus they can start their financial future without having to worry a lot about student debts right after graduation.

Open a Roth IRA

Teenagers aren’t exactly the kind of demographic who think about retirements at their age. However, it’s never too early to plan. In fact, as soon as your children start to make a few bucks, you can show them and help them out to open a Roth IRA and explain them the value in investing. This could be a great educational as well as bonding opportunity, as you can do this along with them. You will be able to set them up with an account, help them with their regular deposits, and then teach them about how they will be able to monitor its progress.

A Roth IRA is considered advantageous when compared to a traditional IRA, especially at this age due to certain reasons. Since the planning is kind of long term before retirement, and your child is not likely to earn much at the moment to pay taxes, the tax-deferred status of a traditional IRA does not make much logical sense for them. To make use of tax savings, it is a lot more valuable to try out the Roth IRA and let your children enjoy the fruits of the tax-free status decades down the road when they start drawing out. Stats show that over 4 in 10 Americans don’t have any retirement savings, this could be one of the practical ways in which you can help secure your children’s financial future.

Opening a Bank Account

Right after your children make their first dollar, open a savings account for them. Their first dollar need to be earned money at all. It could be from an allowance or cleaning up the neighbor’s lawn. Open a savings account for your kid at the bank. Help them decide how much money they want to save every time they get paid. Consider online banks as well, as a lot of them provide accounts for children with minimal fees. With an online account, your kids can access their account to see their savings grow. Starting a saving habit really early, can help your kids for their rent or their down payments for a house down the line.

Conclusion

As you can see, there are so many different ways in which you can plan for your kid’s stable financial future. The secret is to start early. Do not wait for the right time to come, years will fly by just like that and then you will wake up one day feeling bad for missing out on so many different opportunities. Financial education is the single most valuable gift that you can give your children for their financial freedom down the line.

Try these three simple strategies. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.

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Finding the Perfect Business Mentor in the Digital Age

Finding the Perfect Business Mentor in the Digital Age

The digital age didn’t just transform our way of life, but it has pretty much changed almost all of our ideologies and thoughts as to how we should see life. This is especially true if you’re in the business industry, or if you’ve just ventured into it.

Gone are the days when the means of acquiring information was limited to face-to-face communication or through the telephone. Now, there are many ways to do it, especially that the internet pretty much has everything.

This leads us to the reality that guidance is an essential part of venturing into the business world. Thus, the need to have a business mentor rises. But now that the times have changed due to the digital revolution, it’s not as simple as asking a question and getting the answers right away. That’s what we’re going to talk about in this article.

Here, we’re going to help you find the perfect business mentor in today’s modern landscape.

  1. Experience is Not Measured by Age

We all know how information flows in today’s current society. The exchange of data now happens instantaneously. And because of it, a lot of things can be learned in an instant – anytime and anywhere. This is the reason why the amount of experience does not anymore equate to the number of years.

Now, experience is measured by the exact tasks and varieties of skills and knowledge present in an individual. This means that when searching for a business mentor, it’s important to not look at their age, but in the person’s skill set instead.

  1. Real-time Mentoring

Probably the best thing about today’s digital age is the instantaneous exchange of information. Business mentorship benefits greatly from this technological feat because communication between the mentor and the client happens in real-time.

And a good business mentor well knows that fact, which is why they need to apply it. By practicing real-time mentoring, you’re able to turn theories into practical applications on how you’re going to better your business processes.

  1. Reputable Reputation

This comes as a given when searching for any mentor. But when it comes to business mentorship, we couldn’t help but reiterate its great importance. Why? It’s because mentoring a businessman is not as easy as mentoring a student or an employee.

It requires real-life experiences that the mentor has gone through himself. Add into the equation the need for them to have a good reputation. One sign to know if they’d be a great mentor is their followership.

Take for example Tai Lopez, an entrepreneur/business mentor, who currently has 1.4 million followers. He went through a series of failures before he solved the riddle of the business world. If you’re searching for a business mentor to guide you, it would be wise to have someone that is reputable and widely known.

  1. Say No to Subordination

Contrary to popular belief, disagreeing with your mentor is an important part of business mentorship. At the end of the day, we are all humans – including your mentor. Even though they have a better experience and are more knowledgeable when it comes to running a business, they still should not act as a know-it-all person.

A good mentor should welcome criticisms and arguments that question their authority and supposed wisdom. It’s not a matter of “pride”, but it’s more about seeing the proactive outlook of the mentee.

Conclusion

Having a business mentor is a vital need in running a business. Not only do you save yourself from coming across troubles along the way, but you also get to speed up the progress of your business.

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What is Usenet and how can it help your business

What is Usenet and how can it help your business

What is Usenet and how can it help your business

When you think of file sharing, the first thing that likely pops into your head is torrents, but there is a new, yet also at the same time, old alternative. No, not Limewire or Kazaa, even more ancient. Usenet has been around for almost 40 years and has recently had a resurgence of use and popularity, stemming from the new capabilities it has acquired.

At its core, Usenet is a system that allows users to create a network amongst themselves (hence, Usenet) to share files. Now, you may be thinking, “If it’s just file sharing, I can just torrent, isn’t it the same?” The result is the same, but the way Usenet is built and operates gives it some clear advantages over torrents and makes it a viable alternative.

How It All Works

Everyone who uses torrents generally gets how torrents work. It’s a peer to peer system where files are shared directly between users. Usenet differs from this system in that Usenet exists on thousands of servers all over the world. The Usenet servers that it exists on also change over time, so it isn’t like there is a “Usenet HQ” somewhere. So, even though it all exists on servers, it’s still decentralized.

Think of it like this: torrents are like peers meeting in the digital streets of the internet to swap files. Sometimes you get different pieces from various people, but you’re still meeting in person. Usenet is like a VIP cargo ship sailing the internet sea where users can stop in to upload files and copy files that other users have left. All the files uploaded to Usenet get categorized into thousands upon thousands of newsgroups which are available to all users. So why get off the streets and board the ship? Well, there’s a lot of advantages to getting your sea legs.

Usenet: The Pros and Cons

As Usenet is a file-sharing platform, its main “competition” is torrents which currently is one of if not the most used file sharing system. So, to give you a better idea of the advantages and disadvantages of Usenet, it’s useful to compare it to torrents.

Price

In the interest of transparency, and in the hopes that you don’t get surprised with costs, the price will be the starting point. Unlike torrents, which are largely free to use, Usenet just about always comes with a price. Remember that VIP cargo ship? It takes money to keep her seaworthy, and if you want to be a VIP, you got to pay your dues.

Since Usenet runs on a slew of ever-changing servers, you need the help of a Usenet provider. This service provider helps you connect and operates and maintains the servers. Much like your internet service provider, you will likely be required to pay a fee for continued use privileges.

Fortunately, you have a lot of options. Price can differ depending on how much bandwidth you use (total amount of data downloaded, in gigabytes) or how fast you want your connection to be. You can even buy one-off passes that allow you to download blocks of data or get a free trial to test the waters.

Additionally, you will need software to search and download from a Usenet server. After all, you can’t just plug your computer into the internet and have web pages’ spill onto your screen; you need browser software to help you. There are licensed software programs that cost money, but some service providers offer the use of software for free, included in their subscription plans.

Speed

So, free torrents have the edge in the price department, but there are reasons why you might want to shell out some extra bucks for your file sharing needs. The first one is speed. Most people who use torrents at some point have felt the anguish of watching a file they wanted to get stuck in limbo as the seeds dried up. If no one feels like sharing a torrent at the moment, it doesn’t get shared.

Even when a peer does share it, it gets shared at speeds restricted by the peer (which is typically slow for most seeders). Swapping files on those digital streets is often done a handful at a time from multiple peers.

Once you board the SS Usenet, however, you’re granted the use of a VIP forklift to get your files. Since you are downloading from a server and not some other user’s PC, the speed is lightning fast. Like gigabytes per second fast. Your speed is dependent on your subscription from your provider, but in most cases, it blows torrent speeds away.

Safety

Spend enough time on the internet, and you might hear horror stories of big corporations suing the pants off of average Joes who just downloaded a few songs. The governments and multinational corporations of the world are cracking down hard on torrents, largely because of why they are so popular.

Even if you protect yourself with a VPN, torrent tracking sites go down all the time, and their administrators get jailed. Everyone is out to get the new maverick on the street and all the while, an old timer lurks beneath the surface as it has for decades.

Usenet users figured out how to upload binary files to their servers in the 80’s, but nobody seemed to care, and as such, nobody regulated it. That trend continues today for the most part. Usenet is a collection of private, mercurial servers and is mostly closed off to the non-paying public.

Coupled with the relative lack of oversight, these aspects of Usenet ensure that its users and their privacy are much safer than they would otherwise be. Sure, there are viruses and some malware on Usenet, but what corner of the world-wide-web is without those? Forget it, Jake, it’s the internet.

Ease of Use

Now, at this point, you may be thinking, “Ok, this all sounds great, what’s the catch?” And you’re right; there is one. Compared to torrents, Usenet is not as easy to use. Torrents are pretty straightforward; download a free client, head to a tracking site, search for a file, get the torrent and download. Not quite so with Usenet.

Navigating the search software required for Usenet can take a little getting used to. Instead of searching for files you want, you have to find its newsgroup which can be a little intimidating with names like, “alt.binaries.multimedia.comedy.” Once you get the hang of it, though, it’s smooth sailing (yeah, this nautical metaphor is still steaming along). There are also tutorials and helpful Reddit forums out there for the uninitiated.

The Way of the Future (and the Past)

So, is Usenet going to become widely known and take the top spot as a file sharing platform?  Maybe not, but that’s part of what makes it great and it doesn’t mean it can’t be a serious contender that better meets the needs of discerning users. If you’re willing to pay a little extra and do a bit of studying for better speed and safety, then plot a course and set sail for Usenet.

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WhatsApp set to start charging businesses

WhatsApp set to charge these users

WhatsApp set to start charging

Facebook finally looks set to start making money from its $19 billion acquisition WhatsApp. While Facebook’s other messaging platform Messenger makes it revenue through advertisements, WhatsApp will apparently be generating revenue by offering businesses a way to communicate and engage with their customers. To help its users to differentiate between normal users and businesses, WhatsApp also seems to be planning a roll out of verification badges on its platform.

Not Charging users yet

According to reports, companies in Europe, Brazil, India and Indonesia are already said to be trying out this new feature. One of the first major corporation said to be trying out the feature is said to be KLM Royal Dutch Airlines. This news ties in to earlier reports that Facebook has been looking for ways to monetize WhatsApp after it abolished the platform’s $0.99 sign-up fee and made it free for everyone.

“We want to put a basic foundation in place to allow people to message businesses and for them to get the responses that they want,”  WhatsApp COO Matt Idema said. “We do intend on charging businesses in the future.”

The good thing about this story, is that there seem to be no plans to start charging users for accessing WhatsApp as many reports feared when the company was bought by Facebook. A spokesperson for the company has also mentioned that companies will first need to gain approval from a user before they can contact them therefore, the feature will work via an opt-in.

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Apple reports $45.4 billion in revenue for third quarter, rise in demand for iPhones, iPads and Mac computers

Apple is sitting on $261.5 billion in cash

Apple Reports Q3 Earnings of $45.4 Billion, Up 7 percent From Last Year

It seems like Apple is enjoying its good run in the year 2017, as the tech giant reported $8.7 billion in profit ($1.67 per share) on $45.4 billion in revenue for its fiscal 2017 third quarter ending July 1, 2017. This result is a 7% increase for the company from its last year’s $42.358 billion in the same quarter. The results were a pleasant surprise for the investors as the analysts had expected Apple to earn $1.57 a share on sales of $44.89 billion in the fiscal third quarter.

“With revenue up 7 percent year-over-year, we’re happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue,” said Tim Cook, Apple’s CEO. “We hosted an incredibly successful Worldwide Developers Conference in June, and we’re very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall.”

It was no surprise as Apple’s iPhone sales of 41 million units accounted for 54.7% of the total revenue (i.e. $24.846 billion) in the third quarter. The iPhone sales are 2% increase from last year’s 40.399 million and a 3% increase in iPhone revenue from $24.048 billion.

“If you look at the products, we sold 41 million iPhones, but frankly it’s better than that because we also reduced channel inventories by 3.3 million,” CEO Tim Cook told CNBC. “If you look across the world, we had several markets in Asia, in Latin America, and the Middle East which grew more than 25 percent year on year. If you look at [iPhone] 7 in the [iPhone] 7 Plus, we grew strong double-digit year on year compared to the 6S plus a year ago. So iPhone was terrific.”

Similarly, iPad sales jumped from 9.950 million to 11.424 million, which is a 15% increase in units sold. In fact, iPad sales were even more when substantially compared to the 8.9 million iPads sold during the quarter ending March 31, 2017. Macs only saw a 1% increase (though not substantially) in units sold, which was boosted by the launch of new iMac, MacBook, and MacBook Pro models at its Worldwide Developers Conference in early June. The Mac sales figures were up from 4.252 million to 4.292 million units during the same quarter last year.

International sales accounted for 61 percent of the quarters’ revenue, and gross margin was 38.5 percent in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.63 per share, payable on August 17, 2017 to shareholders as of the close of business on August 14, 2017.

“We reported unit and revenue growth in all our product categories in the June quarter, driving 17 percent growth in earnings per share,” said Luca Maestri, Apple’s CFO, who added that “We also returned $11.7 billion to investors during the quarter, bringing cumulative capital returns under our program to almost $223 billion.”

On the other hand, Apple’s tablet line-up only received a 2% increase in revenue, from $4.876 billion to $4.969 billion, which is probably due to the fact that the company’s latest iPad is cheaper than previous models at $329. Further, PC line-up saw an increase of 7% in revenue, jumping from $5.239 billion to $5.592 billion.

For its coming fourth fiscal quarter, Apple says that it is looking to earn between $49 billion and $52 billion, with a gross profit margin between 37.5% and 38%, which is largely driven by the trivia of new iPhone models expected to launch this September.

As soon as the report was announced, the share prices of Apple jumped to more than 5 percent from its closing price of $150.05.

Source: Neowin

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Everex ICO Indicates High Growth Potential

Everex ICO Indicates High Growth Potential

Everex ICO Indicates High Growth Potential

Who are Everex?

Everex are a young and innovative technology company specializing in the world of microfinance. Their platform is powered by Ethereum and their goal is to make finance accessible to citizens the world over. Everex developed one of the first ever mobile Ethereum wallets.

The World with Everex

The key theme of Everex is financial inclusion. Access to microfinance is crucial for developing countries. The rates that seem quite high by Western standards are outright prohibitive for third world inhabitants. In the words of Everex:

“We’re adding 2 billion people to the world economy”

The Everex wallet enables users to transfer fiat currency anywhere in the world with no foreign exchange transactions fees. The implications of this are huge. What this means is that no longer will people have to pay $40 for the privilege of sending money across borders. There is no need to set up standing orders and wire transfers with banks. It can all be done a smartphone with as little hassle as possible.

The focus of Everex is bringing finance to the world. Everex technology enables the user to borrow money in any currency, to buy foreign currency and use it globally with no restrictions. This is done through a combination of the blockchain, mobile technology, and machine learning software. Everex have brought these three key elements together to allow anyone to enter into the global financial economy.

Everex Features

Everex is the first company to offer cross border micro credit services. All financial activity is available for public audit on the blockchain, so it is fully above ground and legitimate. The transaction costs are minimal. Everex is powered on Ethereum.

The Everex platform allows micro loans to be taken out where traditional lenders fail. On the basis of user information, Everex will actually calculate the risk, interest rates and personal credit scores of users. Essentially all banking facilities can be available on your device. This will also cut down on the rising levels of documentation needed from banks in line with recent AML policies.

Everex also provides all the standard features of a payment processor. Funds can be withdrawn from ATM’s worldwide. Vendors and service providers can all be paid via a mobile device.

Everex works differently from many of the other alternative finance services which are emerging. It does not operate on the basis of peer to peer loans but utilizes machine learning technology combined with AI to analyze risk levels. What makes Everex so reliable is that all transactions are backed with Ethereum based cryptocurrency. This $1 is publicly viewable on the blockchain ledger. This is hugely significant and marks a stark break from traditional banks, who can loan $100 for every $1 held on deposit.

Everex Use Cases

For those without a bank account (more than 2 billion people), Everex provides these people with access to finance that they can afford. Nearly a third of the world’s population could potentially benefit from using the Everex Technology.

Everex technology could also be beneficial for expats and tourists. Currency can be bought and sold anywhere in the world instead of having to obtain traveler’s checks with the ensuing conversion fees.

Migrant workers could easily send money to their families at home. Everex may also be of use to NGO’s who have to expend quite a lot of effort and money to simply transfer money to poorer organizations and individuals.

Everyone can use Everex. Money can be sent to and from family members of first world inhabitants too. Money can be withdrawn from ATMs and sent across the border at a fraction of the cost. It no longer makes sense to use traditional debit cards, particularly when going abroad.

In 2016, in perhaps one of the first case studies of its kind, Everex conducted a study which enabled hundreds of migrant workers to transfer money from Thailand to Myanmar. The total amount sent was 850000 Thai Baht. Everex works and has practical and definite applications in terms of helping third world citizens avoid banking costs.

The Everex Initial Coin Offering

The Everex ICO is taking place as this piece is written (24.7.2017) with nearly 26,000 Ether coin raised (roughly $6 million).

To say that this company has high growth potential may be an understatement. They are the first of their kind to grant financial market access to over 2 billion people. This number does not include the other 5 billion who could all benefit from the technology. They are brand new and have significant market upside. They have yet to go mainstream, but when they are brought to the public attention the growth potential is simply enormous.

It is more than safe to say that they will gain a large market share. And while others may develop similar technologies, the first development is usually the one that stays. Bitcoin is one of many examples to draw from.

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This high school dropout is a bitcoin millionaire at the age of 18

12-year-old who invested in bitcoin is now a millionaire

18-year-old owns 403 bitcoins worth more than $1 million after investing in bitcoin at the age of 12

As a kid, most of have dreams of becoming a millionaire when we become an adult, but only few have the ability to turn it into reality.

Meet, Erik Finman, an 18-year-old high school dropout from Idaho, U.S., who is a bitcoin millionaire and is the owner of a reported 403 Bitcoins. Currently, per bitcoin is valued at $2,622, which puts Erik’s bitcoin amount to $1.06 million, at the time of writing, which could rise or fall in mere hours due to the currency’s extreme unstable nature. He also holds smaller investments in other digital currencies, including litecoin and ethereum.

The story of Erik, a successful businessman and a popular figure in the cryptocurrency world, started in May 2011 when he decided to invest $1000 gifted by his grandmother on Bitcoin when he was 12-years-old. Erik who was frustrated with his high school teachers had asked Ph.D-holding, Stanford-educated parents to permit him to leave school at the age of 15. He made a bet with his Ph.D-holding, Stanford-educated parents, that he would not go to college if he became a millionaire by the age of 18.

“(High school) was pretty low quality,” Erik said. “I had these teachers that were all kind of negative”. Even his teachers at school too didn’t see his potential. “One teacher told me to drop out and work at McDonald’s because that was all I would amount to for the rest of my life. I guess I did the dropout part,” he added. He actually did not want to go to college, either.

“I can proudly say I made it, and I’m not going to college,” Erik said after winning the bet.

Erik’s received the fruits of his first bitcoin investment at the end of 2013 when his investment of $1,000 grew to $1,00,000. At that time, bitcoins were valued at $1,200 per piece. He then sold everything and used the proceeds to start Botangle.com, an online video tutoring service that “allows students and tutors access to a diverse array of resources that just do not exist in a normal classroom setting”, according to its official website.

He then made a team consisting of more than 20 workers, including designers, programmers and animators. Due to his age, potential employees would not take him seriously, he said.

“Whenever I interview a potential candidate for a job, I always ask if being part of a team with a 15-year-old bothers them,” Erik said. “Sometimes that’s the end of the conversation right there, and other times people lie — and that shows later on. It’s pretty easy to tell when it happens, but the team I have now are super supportive, and they don’t treat me any differently than anyone else.”

Erik also used some funds to move to Silicon Valley, meet Reddit co-founder Alexis Ohanian and travel.

“I really liked Colombia,” he said. “It was fun, but a little sketchy. Some interesting stuff happened. I was held up at gunpoint there, which is pretty scary, but I have this emergency button I programmed in Android that puts you on speaker but turns off audio automatically and dials [a local emergency number].”

Recalling a particular incident, Erik said that an Uber executive had tried to discourage him by not listening to his Botangle pitch and told him that he go and pursue college rather than racking up millions. However, in January 2015, Erik was able to successfully sell Botangle for a cool price of 300 bitcoins. He reportedly turned down the investor’s offer of $1,00,000 and opted for 300 bitcoins instead with the belief that his bitcoins would become the next big thing in the coming years due to its appreciation in value.

Within a span of one year, bitcoin prices increased more than 300%, with the majority of the gain coming during May and June. While some analysts claiming that bitcoin may reach $1,00,000 in a decade, Erik thinks its best days are still ahead. “Personally I think bitcoin is going to be worth a couple hundred thousand to a million dollars a coin,” he said.

Erik who has been managing his own bitcoin investments denies the necessity of education.

“I never got my GED, and I don’t see the value in it,” Finman said. “The purpose of that would be to get another education level and get a job. I had to learn through running a business. Instead of writing essays for English class, I had to write emails to important people.”

Erik who is happy learning about the real world from experience still has no plans to go to university. Instead, he believes the internet offers a better education for free. “The way the education system is structured, I wouldn’t recommend it. It doesn’t work for anyone. I would recommend the internet, which is all free. You can learn a million times more off YouTube and Wikipedia,” he added.

Source: CNBC

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How Giving Back to the Community Can Improve Business and Productivity

How Giving Back to the Community Can Improve Business and Productivity

How Giving Back to the Community Can Improve Business and Productivity

Most businesses seem to be on a constant quest to find ways that will better their productivity and, in turn, the business as a whole. There is no shortage of information and tips available to business owners out there, much of which can prove to be quite successful.

There is one tip, however, that is much less talked about, but can be equally as beneficial, and that is to look into ways the company can give back to the community. While this may not seem like a great solution when you first hear it, there are actually all kinds of ways this can benefit the business.

Take a Cue from Other Successful Business People

When it comes to giving back to the community, it’s pretty easy to find examples of successful business people who have taken this initiative. Gurbaksh Chahal is a world-renowned entrepreneur, author, and philanthropist who has always taken the time to give back to the community and make social issues a part of his business model.

The Chahal Foundation is a non-profit that focuses on mentorships and university scholarships, helping to create awareness about social causes, working to improve the condition of schools found in third world countries, offering disaster relief, and building an awareness of child sex trafficking with hopes of eradicating it.

Chahal became extremely successful at the very early age of just 16 and is now a “four-time serial entrepreneur”. It seems everything he touches turns to gold, but that hasn’t made him forget about how he can also give back and inspire not just his employees, but the world.

Empower Your Brand

Now, from a business perspective, there is a lot to gain by giving back to the community. Giving back can be done in the form of cash donations, product and service donations, or even donations of time. By getting out there and volunteering at various community events you will be helping to increase your company’s brand awareness and this will be done in a very positive way. The community will be looking at your brand as one that cares about its community and wants to make a difference.

A Great Networking Opportunity

Networking is something that plays a huge role in a company’s success and productivity. Networking provides you with the opportunity to connect with potential new customers, partners, vendors, and experts in the field. Volunteer events in the community are a wonderful place for networking and making these connections.

Gain Respect from Your Employees

It’s a known fact that if your employees respect you as a boss and leader, then they will, in fact, be more productive in their jobs. So how can you gain their respect? One way is to show them how good of a leader you are and that you care about people. By backing social causes in your community, you are sending out the message to your employees that you care about their community, and want to make it better for them.

Once your company starts to build a reputation for itself in the community as being a company that cares about people, your employees will also start to feel great pride in their jobs. They will be proud of where they work, and what they do. It can also help you as far as attracting high-quality and productive employees.

Giving Back Creates a Domino Effect

As you start to look at the many benefits that come out of giving back to the community, it’s clear it is a domino effect all of which is positive for your business.

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Are Higher Risks Worth the Extra Pay?

Are Higher Risks Worth the Extra Pay?

Are Higher Risks Worth the Extra Pay?

Yes, there is money to be made in the oilfield industry. When compared to other industries, the wages can be rather generous. However, there is some risk involved.

If you are actively pursuing a career in the oilfield industry, you would be well advised to take into consideration the benefits that will accompany your hourly wage, specifically the health insurance. The purpose of this article isn’t to scare you into choosing a different career path, simply to make sure you are aware of some of the risk you will be up against.

Now Hiring!

While the oilfield industry has experienced more lows than highs during the previous few years, some believe that is about to change in 2017, especially in the state of Texas. Several of the industry experts believe there could be more positions to fill this year alone than the previous two years combined.

Now Hiring!

Because of this, there will also more than likely be an increase in the amount of overtime hours that are available for experienced workers. These hours are normally assigned on a volunteer basis, but a lack of employees could result in working over ten to twelve hours per day becoming mandatory.

While a consecutive stretch of these longer days will add zeros to the end of a paycheck, they also allow fatigue to play a more significant role in the workplace. A lack of rest can result in a delay in both the ability to think and react. As a result, the percentage of job-related injuries will rise.

Long Hours Equals Higher Risk

This produces an effect in two different areas of the oilfield industry. For starters, the oilfield itself becomes a more dangerous place to be. Welders, pipe fitters, day laborers, and every other position workers are more at risk for injuries such as burns, exposure to dangerous fumes and gasses, etc. The variety of accidents waiting to happen goes on and on.

The other area that doesn’t receive as much consideration as it should are the roads and highways that the oil and other supplies travel on. In most instances, the routes of these drivers never exceed more than 500 miles. Because of this, they are not under as much pressure to follow DOT laws and other state and federal regulations.

Long Hours Equals Higher Risk

Due to the fatigue of these drivers from pushing themselves to the max day after day, they put far more people at risk than just oilfield employees. This allows the dangers of the industry to play a part in the lives of others who aren’t necessarily signing up for the risk that comes with the wealth.

Don’t Settle for Less

According to Lapeze & Johns Personal Injury Lawyers, “Oilfield personal injury claims have become more and more common.” While almost any other industry would be forced to make drastic changes to make things different, the big name oil companies are able to financially compensate those involved, but that doesn’t always make the situation right.

If you have been hurt while on the clock in an oilfield or by means of transportation of their supplies or products, think twice before reaching any kind of settlement without legal counsel. Do not allow yourself to be intimidated by a popular name or brand. Take the extra time to make sure you receive everything that you are entitled to.

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