5 Proven Ways to Recover From Stress and Being Overwhelmed And Being Overwhelmed

2021 has been a stressful year across the board. Even if you think you’re good at dealing with stress, there have undoubtedly been times this year during which you’ve had to use every trick in your book. And if you’re not good at managing stress, there have undoubtedly been times in which you’ve been desperately seeking an outlet for those overwhelmed feelings.

You’re in luck because this article will furnish you with some useful tips and tricks to help you relieve some of your mental strain.

Nourish Your Spirit

If you’re feeling stressed, a good way of easing your troubles away is to connect with yourself. Spiritual pursuits, like meditation or prayer. Both of these practices can help to increase your sense of self-awareness, diminish feelings of anxiousness, and shift your focus off of your worries and onto something higher than those worries, like yourself, or your deity.

Exercise

This one may seem tricky if outside stress-compounding factors such as anxiety, depression, or physical limitations make the idea of exercise or activity seem daunting. But keeping active doesn’t have to mean high-intensity fitness training at the gym or even organized sport. Take the dog for a walk. Mow the lawn. Watch an exercise video online and move or stretch along. Certain scientific studies suggest that regular physical activity may have similar effects on mental health as antidepressants due to the encouraging production of endorphins, the brain’s neurotransmitters that help to mitigate stress.

Do Something You Like Doing

If you’re a writer, write. If you’re an artist, create something new. If you’re a musician, play. If you’re a sportsman, head outside. If you’d rather binge watch TV, there are a plethora of streaming services to choose from. Any constructive hobby is a worthwhile pursuit and can go a long way to giving you a sense of enjoyment and satisfaction.

Get a Pet

If your life circumstances allow, having a furry friend can help with stress relief, as certain studies have shown that taking care of a pet can help to lower the blood pressure that stress can raise, and decrease levels of cortisol, a hormone sometimes caused by stress, and even make a person feel less lonely.

Unplug from a Busy Life

Sometimes, you simply have to escape, and that’s okay. Work will be there when you come back, and so will the news. Spend time with friends or family – or time alone – uninterrupted by your day-to-day activities. Taking a break from an otherwise busy life may also include a social media hiatus. You might find that the more you disconnect from the pressures of everyday living, the more you connect with yourself.

A Final Word

Taking care of your mental health is important, and even more so in these unprecedented times in which we live. And now that you’ve seen some ways to help combat stress, hopefully, you’ll be able to fight against it even harder.

Home Loan Repayments 101: How To Make Home Loan Repayments As Easy As 1-2-3

A home loan is one major type of loan you will probably ever have in your entire life.  Having said that, managing a home loan would be a tedious task to accomplish every month; especially that you still have to deal with other equally important expenses.  However, there are certain things you need to be conscious or aware of in order to manage your loan home payments in an easy way.

Before applying for a home loan, you first need to formulate a strategy on your financial plan in order to successfully manage your home loan repayments.  In other words, you have to make it fit right into your monthly budget.  This way, you can make necessary adjustments ahead of time just in case some problems occur. 

Needless to say, home loans are quite a big deal; thus, it may take a big chunk out of your financial plan.  And, it is some sort of a necessary evil to deal with every month.  However, it is equally important to take note not to miss a single payment to avoid future complications and penalties.

Make your first repayment as soon as your home loan has been approved.  This will take off a big chunk of the amount from the principal even before the interest accumulates.  With this in mind, the amount of your repayment will be much lower than you have anticipated.

Coordinate with your financial institution that you prefer paying fortnightly instead of monthly.  This way, you will speed up the process of your repayments because you end up paying the equivalent of roughly 13 instead of 12.

If you have an extra monthly income that you earn from a bonus, then, it would be wise to make additional repayments.  Do this on a regular basis and you will end up reducing the cost and duration of your home loan.

Once your loan repayments will lower down due to a decrease in the interest rate; then, make sure you will not lessen your repayments.  This way you will be making a monthly extra repayment which will make you pay off your loan sooner and eventually save you money.  And, the best thing about this strategy is that you are not affecting your monthly budget because you are still deducting the same amount of money from your financial plan.

Another tip is to make arrangements with the financial institution to have your monthly income directly deducted by the amount of the home loan repayment.  This way, you will be assured that your financial obligation on your home loan will not be jeopardized.  Also, crediting companies would prefer this kind of payment system and would even give incentives—in the form of reimbursements or diminished interest rates—to their clients for timely repayment.  You can have the rest of your monthly expenses charged from your credit card with an interest-free period. 

By and large, if you are always alert with the financial movements of your monthly budget and linking them to your home loan and daily expenses; then, you will be assured of a successful and easy way of dealing with your home loan repayments.

5 Ways To Keep Yourself Healthy During The COVID-19 Pandemic

In the midst of a global pandemic, many want to know which ways are best to boost your immune system. However, it must be noted that there is no diet, supplement, or lifestyle modification that will protect against COVID-19 except for proper hygiene and social distancing. The tips listed below may support and boost your immune health, making it easier to fight off disease and infections, but they do not specifically fight against COVID-19

That being said, here are 5 tips that will boost your immune health and with time will help you feel healthier as well help your body to fight off illnesses.

Getting Enough Sleep Each Night

You may notice when you get a cold or start feeling sick, you start sleeping longer and deeper. This is your body allowing your immune system to better fight off the illness. Your immune system takes a lot of energy to fight off illnesses, likewise, it takes a lot of energy to protect against them. It’s important to get enough sleep for many reasons, among them is to have enough energy to give your immune system a chance to fight off illnesses.

Work Whole Plant and Fermented Foods into Your Diet

Whole plants, such as fruits, vegetables, nuts, seeds, and legumes are incredibly rich in nutrients and antioxidants. These may give your immune system an upper hand in its fight against some harmful pathogens. It can cut down on chronic inflammation, provide fiber to promote gut health, and most provide the vitamin C needed to reduce the duration of a common cold.

While fermented foods may not be what many think is best for their diets (And in fact when done improperly can be dangerous so be sure to research fermentation before starting) they are often packed with probiotics and beneficial bacteria that promote gut health. In turn, this allows your stomach and immune system to work together to fight off illness.

Limit the Amount of Added Sugars in Your Diet

With many coming to the conclusion that added sugars and refined carbs contribute heavily to obesity, it is important to try to begin cutting these out of your diet. Obesity, type 2 diabetes, and heart disease are all capable of suppressing your immune system. To maintain a healthy immune system it is vital to cut the risk of these by reducing how much-added sugar is in your diet to 5% of your daily calories.

Practice Moderate and Daily Exercise

Simple, daily exercises such as brisk walking, steady biking, jogging swimming, and light hiking are all great ways to stay in shape, as well as boost your immune system. An active body has a better chance of fighting off infections and illnesses.

Drink Enough Water Everyday

While drinking water does not directly protect you from germs or viruses, it does prevent dehydration and boosts your overall health. Preventing dehydration is important for everyone, as you are far more susceptible to illness while dehydrated.

Photo by cottonbro from Pexels

Universal Music Launches A Major Expansion In China, With The Launch Of Multiple New Local Record Labels

Universal Music Greater China (UMGC), a division of Universal Music Group (UMG), the world leader in music-based entertainment today and Republic Records, today announced the launch of Republic Records China, the first international label division of leading U.S. label Republic Records to launch worldwide.

Republic Records, the label founded by brothers and chief executives Monte and Avery Lipman, is home to some of the world’s most acclaimed and successful international artists, labels, and entrepreneurs including Taylor Swift, Ariana Grande, Drake, The Weeknd, and Post Malone amongst others and has long been synonymous with breaking and introducing global talents of the highest quality. In recent years, Republic artists have found success around the world, including in China, where Taylor Swift has consistently broken records for international sales success, thanks to building a large loyal fanbase across the region.

The new Republic Records China label will be built with the same blueprint and ethos as its sister-label but will focus on signing and developing the next generation of Chinese music and C-pop talent from Mainland China, with a view to reaching a global audience. The label will be based in Beijing and led by Tony Wen, who has been appointed Managing Director, Republic Records China, effective immediately and will report to Sunny Chang, Chairman & CEO, UMGC. Wen has significant experience within the Chinese music and media industries as both a successful music producer and former Sony Music and EE-media executive, with the first label signings to the new label to be announced shortly.

In making the announcement, Republic Records founder Chairman & CEO Monte Lipman said, “We’re thrilled to see the launch of Republic Records in China led by the brilliant leadership team of Tony and Sunny. This initiative recognizes the extraordinary growth in the Chinese marketplace and the palpable influence which has made a tremendous impact on our industry worldwide.”

Adam Granite, EVP, Market Development, UMG said, “I’d like to thank Monte, Avery, and Republic Records for their support, as we welcome Republic Records China and Tony to the UMG label family. We are incredibly excited for Republic to become a new force synonymous with the best in Chinese music, just as the Republic brand is seen as a trusted mark of quality around the world.  It is a unique time for music in China, with a diversely rich talent pool of new artists and talent that have the potential to find huge success both domestically, across Asia, and more than ever before around the world. UMG has a long history and culture of supporting and developing the best global music talent, and the launch of new labels only helps to accelerate and strengthen the domestic Chinese music market and most importantly introduce new and exciting artists and music to fans in China and beyond.”

Sunny Chang, Chairman & CEO, UMGC, said, “I am also very pleased to welcome aboard Tony Wen – a highly experienced, senior executive in the music industry, who has established his career in the local market and has now become part of the amazing UMGC management team. His insights and experiences will bring indispensable value for us, as we launch Republic here in China. We thank Monte and Avery for the trust in UMGC, to launch Republic as a cornerstone for our multi-label strategy, as we set to expand the horizons for Chinese music talent in the future.”

The launch comes as part of a significant expansion of UMG’s recorded music operations within China, with the establishment of a multi-label structure, to lead its focus on domestic A&R and local language artists within the region. Republic Records China will sit alongside EMI China, PolyGram Records China Universal Music China, each operating independently with their own dedicated artist rosters, A&R and specialist marketing teams as part of an innovative and unique to market, multi-label strategy, reinforcing UMGC’s commitment to accelerating and introducing the next wave of Chinese music talent to the world across a variety of genres, as it becomes the first major music company to establish multiple frontline label operations across China.

About Republic Records

A division of Universal Music Group, the world’s leading music company, Republic Records is home to an all-star roster of multi-platinum, award-winning legends and superstar artists such as Ariana Grande, Black Thought, Drake, Florence + the Machine, Greta Van Fleet, Hailee Steinfeld, Jack Johnson, James Blake, James Bay, Jessie J, John Mellencamp, Jonas Brothers, Julia Michaels, Kid Cudi, Lil Wayne, Lorde, Metro Boomin, NAV, Nicki Minaj, Of Monsters and Men, Pearl Jam, Post Malone, Seth MacFarlane, Stevie Wonder, Taylor Swift, The Weeknd and more. Founded by brothers and chief executives Monte and Avery Lipman, it is also comprised of innovative business ventures, including American Recordings, Boominati Worldwide, Brushfire, Casablanca Records, Cash Money, Lava Records, XO, Young Money, among others. Republic also maintains a long-standing strategic alliance with Universal Music Latin Entertainment (J Balvin and Karol G).  In addition, Republic has expanded to release high-profile soundtracks for Universal Pictures (Fifty Shades of Grey), Sony Pictures (Spider-Man Into the Spider-Verse) and NBC TV (The Voice), as well as other notable film and television franchises. Extending further into the worlds of film, television, and content, Republic launched Federal Films in order to produce movies and series powered by the label’s catalog and artists. Its first production was the Jonas Brothers documentary Chasing Happiness for Amazon Prime Video. Find out more at: https://www.republicrecords.com/

About Universal Music Group

Universal Music Group (UMG) is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising, and audiovisual content in more than 60 countries. Featuring the most comprehensive catalog of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation, and entrepreneurship, UMG fosters the development of services, platforms, and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. Universal Music Group is a Vivendi company. Find out more at: http://www.universalmusic.com

Source: www.universalmusic.com

Card Payments In Australia Are Expected To Rebound And Grow By 8.3% This Year

The Australian payment card market, which has been on the rise for the past few years, registered a slowdown in 2020 due to the COVID-19 pandemic with reduced consumer and commercial spending. However, the market is expected to rise by 8.3% in 2021, forecasts GlobalData, a leading data, and analytics company.

According to GlobalData’s Payment Cards Analytics, the value of card payments registered subdued growth of 0.8% in 2020, much less compared to 5.8% in 2019. With improving economic conditions and vaccination programs gathering pace, the card payments market is set to rebound and reach A$749bn (US$577.3bn) in 2021.

The value of card payments is forecasted to grow further and register a compound annual growth rate (CAGR) of 6.6% between 2021 and 2025 to reach A$967.9bn (US$746.1bn) in 2025.

Sowmya Kulkarni, Senior Payments Analyst at GlobalData, comments: “Australia has a developed card payment market with a strong payment infrastructure and high consumer preference for electronic payments. Australians are prolific users of payment cards, with a high frequency of card payments at 185 times per card in 2020. While the card payments market was affected in the short-run due to the pandemic, it is expected to rebound and continue its growth trajectory from 2021.”

The growth in card payments will be supported by the rising usage of contactless cards and e-commerce payments. The use of contactless cards is on the rise as even smaller merchants are now insisting on non-cash and contactless payments amid hygiene concerns arising from COVID-19. To support this, the limit for contactless card payment was increased from A$100 (US$77.08) to A$200 (US$154.16), effective April 2020.

In addition to physical cards, payment via mobile wallets with stored debit and credit cards are also gaining prominence in Australia. According to the Commonwealth Bank, as of March 2021, over 40% of the bank’s debit and credit card contactless transactions were made via mobile wallets.

In addition, the drop in overall consumer spending during the pandemic has been offset by a rise in online spending, as wary consumers are staying home and using the online channel. Payment cards are the major beneficiaries of this as they are the most preferred tool for e-commerce payments in Australia.

Debit cards are the most preferred card type for payments, accounting for 58.5% of the overall card payments value in 2021 while credit and charge cards account for the remaining 41.5% share.

The share of credit and charge cards segment is on a constant decline over the past few years due to the changing consumer attitude towards credit card debt, and the growing prominence of alternate financing options such as buy now, pay later. The reduction in consumer spending amid the pandemic also adversely affected the segment with credit and charge card payment value declining by 10.7% in 2020.

Ms. Sowmya Concludes: “While the COVID-19 pandemic hampered the growth of payments market in the short-run in Australia, it is expected to grow at a robust pace over the next four years, supported by the gradual economic recovery, a rise in consumer and commercial spending and high contactless adoption.”

Photo by Karolina Grabowska from Pexels

FYI

  • Quotes are provided by Sowmya Kulkarni, Banking and Payments Senior Analyst at GlobalData
  • Information is based on GlobalData’s Payment Cards Analytics, which provides deep insight into the key trends in the global payment card market covering 73 key markets.
  • This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts

About GlobalData

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology, and professional services sectors.

Entrepreneur Spotlight: Find Out More About Taylor Lou

Multi-six figure entrepreneur, Taylor Lou Dixon is a certified Image Consultant, and Business Mentor who’s helped hundreds of women stand out in a crowded market by sustainably scaling their online businesses through her reinvention process – finding their “It Factor.”

Taylor Lou has been an online entrepreneur since 2014 and started two successful online businesses before the age of 25. Understanding that entrepreneurship can take us down a road of self-discovery, she uncovered her authentic self and integrated this type of journey into her mentorship programs. Her special sauce is through her identity mapping process which taps into her client’s “It Factor”s through self-discovery practices and strategy. This allows them to utilize their gifts, strengths, passions, and purpose in their businesses to ultimately attract more growth and success for their brands.

In her process of personal, brand, and business reinvention, she guides her clients to become thought leaders in their industries by gaining clarity on their most Natural Essence (special qualities that make us stand out), Convicted Message (a message that we can share with confidence) and Embodied Medicine (a contribution that we can share, create and/or teach that’s deeply unique to us); which together becomes their “It Factor.” Through this method, Taylor Lou has helped female entrepreneurs make more money and skyrocket their impact across many different online industries. She offers online courses, workshops, high-level group programs, private mentorship, and 1:1 immersions. Taylor Lou is a master-level trained NLP Practitioner, Certified Life and Success Coach, and Hypnotherapist with a passion for personal growth and spirituality. She offers online courses, workshops, high-level group programs, private mentorship, and immersions.”

MoneyCentral Magazine recently caught up with Taylor Lou to discuss her journey as an entrepreneur and here’s what went down:

What are you currently doing to maintain/grow your business?

Our #1 focus is always continuing to add value to our current customers and offerings. In addition to our ongoing organic social media marketing efforts, our business continues to grow through referrals and returning customers because of this commitment to create a quality and “rave-worthy” customer experience. We have also built simple funnels to move our customers up the value ladder of what we offer. It’s really easy for someone to get started with one of our entry-level products, see immediate value, and then feel ready to invest in our supportive services at a higher level.

What social media platforms do you usually use to increase your brand’s awareness?

Instagram is the main platform we use to connect with our customers. We also use Facebook and Pinterest as supporting platforms.

What is your experience with paid advertising, like PPC or sponsored content campaigns? Does it work?

Our team just started preparing paid advertising campaigns for one of our signature products, The Content Creatrix Bundle. Previously, we’ve been able to scale to multiple six figures using all organic social media marketing and word of mouth.

What is your main tactic when it comes to making more people aware of your brand? How did your business stand out?

Magnetic personal branding and consistent social content marketing are our creating channels for business growth. Personal branding is one of the best ways to create a community online, make money by solving your community’s problems, and feel creatively fulfilled. Relationship marketing is so powerful when utilized through social media. People are craving authentic role models and guidance online. Because of this, I’ve created a methodology called “The ‘It-Factor’ Method” to help online business owners understand their inherent magnetism, message, and gifts so that they can stand out online and make money doing what they love.

What form of marketing has worked well for your business throughout the years?

Organic social media marketing has generated the overwhelming majority of new leads in our business. Consistently showing up giving value to my audience, sharing my life and expertise, and inviting them to be a part of the magic within my paid communities. I’m so passionate about helping fellow business owners understand their “It-Factor” because it’s been massively crucial to helping me scale my own business in a way that feels authentic.

What is the toughest decision you had to make in the last few months?

The last few months in business have brought about some big (and at times) difficult changes for our team. We have decided to simplify our product suite and business plan as much as possible- which means releasing things we used to offer, cutting things out of our marketing plan, and hitting the pause button on future new projects. This decision was made with the intention of working smarter, not harder, and creating deeper refinement and mastery with our signature services. As a creative, this was a difficult decision because I always have so many ideas and projects that I want to take action on right away. However, this can often create overcommitment and undue stress on our small team.

What money mistakes have you made along the way that others can learn from (or something you’d do differently)?

The biggest struggle I’ve had in my coaching business with money is a tendency towards overgiving and undercharging. Especially in the beginning of running in-person events and retreats, it was so easy to go over budget because I love showering my clients with the best of the best! It’s really important to understand your numbers and understand that you are running a real business. Overgiving and undercharging leads to resentment and disruption over time.

What new business would you love to start?

I would love to start a business designing high-quality, “on-brand” physical backgrounds for video calls. As a branding expert, I love helping people to curate the experience of their brand- whether it be through their clothing style, online presence, or even home decor. I think this would be a huge hit, especially among the female entrepreneur crowd!

If you could go back in a time machine to the time when you were just getting started, what would you do differently?

I would put less pressure on myself to be an “overnight” success. I would give myself so much compassion and view the entrepreneurial path as a marathon, not a sprint. This probably would have led to less burnout, stress, and overwhelm in the beginning.

What is the best advice you have ever been given?

Your genius is where you’re always in flow’ is a quote from my business mentor, Katerina Satori. It took me a long time to realize the more I focused on my true zone of genius, the more successful my business would become (and the more fulfilled I would feel). I always considered myself a “jill-of-all-trades” in the online business world. I have a wide range of interests, passions, and expertise. After a while, I started to realize that this was holding me back in a major way. I was spending a lot of time in roles and projects that weren’t aligned with the things that come the most naturally to me. Once I began to specialize more in my business, I saw huge jumps in income and a deep passion for my work.

What advice would you give to a newbie Entrepreneur setting up their first business?

GET SUPPORT! There are so many amazing resources out there for people wanting to start their own business. You do not have to do this on your own. Find a support system of people who really want to see you succeed and have the experience and resources to help you get where you want to go. Trust me, you will be so thankful you have a roadmap, even if that means investing early on. It’s 100% worth the time you’ll spend trying to figure out everything on your own.

Venture Capital Helps Early-Stage Startups Connect With Large Corporations

Big companies concerned about not being agile enough are moving closer to venture capital and finding partnerships with early-stage startups to help them solve corporate problems.

Stoic Venture Capital Partner Geoff Waring said venture capital’s role in aligning large companies with startups could contribute significantly to a post-COVID-19 economic recovery.

“Corporate executives find it hard to deal with accelerators, hackathons, and internal research and development departments. Partnering with startups is proving to be the most feasible way to solve corporate problems,” Dr. Waring said.

“Companies are often focused on satisfying the immediate needs of customers. Partnering with startups allows companies to investigate and accelerate innovative offerings that anticipate their customers’ future needs.”

The benefits for early-stage startups are manifold. It enables these growing companies, which otherwise do not have access to facilities or a sufficient customer base, to test their prototype with customers.

“These collaborative arrangements are a good way to test the feasibility of their model to solve specific company problems in a cost-effective and controlled environment,” he said.

“Where successful these arrangements can lead to commercial engagement down the track

“Large corporations worry a startup will fail, not be focused nor have shared goals,” Dr. Waring said. “Venture capital firms (whether independent or a corporate venture arm) can play a vital part alleviating their concerns by bringing legitimacy and finance to their start-ups, keeping them on track with milestones and introducing them to corporations with similar goals.”

The niche of venture capital is managing the phase between an unproven startup concept to where it is a company a large corporate customer will partner with then eventually acquire, Dr. Waring said.

“Company employees have little incentive to take on risk lest they are responsible for a project failure. Partnerships with startups enable them to outsource risk management but internalise innovation while avoid facing a new disruptive competitor in the market.”

Healthcare and pharmaceutical corporations are among the organisations most successfully using this method of startup partnering to internalise innovation.

Digital health platform Cardihab recently partnered with the Tasmanian Department of Health and Royal Flying Doctor Service Tasmania to provide digital cardiac rehabilitation services in public hospitals across the state.

This enabled Cardihab to demonstrate how its solution improved access to critical cardiac rehabilitation programs for patients recovering from cardiac events and living with heart disease in regional and remote areas.

It followed Cardihab’s agreement with Medibank to enable more people to access cardiac rehab during the COVID-19 pandemic.

In other rapidly transforming industries such as agritech, companies like Agerris have partnered with farms to demonstrate how their field robotics, artificial intelligence, and intelligent systems can dramatically improve on-farm operations.

About Stoic Venture Capital

Stoic Venture Capital provides financing for early-stage companies, particularly those arising from university research. Stoic is unconditionally registered as an Early-Stage Venture Capital Limited Partnership (ESVCLP) and takes a collaborative approach to investing in the highest potential companies. Atlas Advisors Australia AFOF is the major limited partner for the Fund. www.stoicvc.com.au

Stoic Venture Capital’s investments include:

• Cardihab (Digital cardiac rehab);
• Ena Therapeutics (Enhancing immunity to fight respiratory diseases);
• Certa Therapeutics (Drug for treating kidney disease);
• Wildlife Drones (Drones tracking animals);
• Agerris (Agricultural robots);
• Kinoxis (Addiction rehabilitation);
• Occurx (Drug to treat eye damage from diabetes);
• Que Oncology (Breast cancer side effects treatment);
• Ferronova (Magnetic nanoparticles for cancer diagnosis);
• Q-Sera (Blood collection);
• PERKii (Probiotic drink);
• Occurx (Eye damage from diabetes)

Source: Medianet

Meet The Entrepreneur Behind The Cover Of The August 2021 Issue Of MoneyCentral Magazine: Steve Stanulis

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Steve Stanulis is an award-winning filmmaker, actor, and the founder of Stanulis films who is currently adding to the revolution of the modern-day entertainment industry with his premium content and unmatched vision.

As the world continues to evolve digitally, high-speed internet connection has paved the way for the latest addition to the entertainment industry: streaming services that allow people to watch their favourite movies or shows online.

According to Action Elite magazine, Streaming services also brought about a significant impact on the roles of actors and actresses. They are no longer tied to major movie studios and productions exclusively. Rather, they can now earn through various online platforms because the advertisers in these digital channels pay them a certain fee to promote their products to their followers.

Leveraging this new wave of digital entertainment, Stanulis established Stanulis Films in 2019. His enterprise has already showcased early success, earning the award for “Best Documentary” in the New York Independent Film Festival for his documentary “Wasted Talent”.

Stanulis made a statement of intent with that documentary, alerting the entertainment world of his vision, creativity, and drive for triumph. Stanulis followed up this maiden success by bringing home the titles of “Best Drama” and “Best Ensemble Cast” with the hit 2020 film “5th Borough.” This casting award further lends credence to Stanulis’ creativity and a keen eye for detail in finding the right people for his films.

With longevity comes experience; with experience comes greater expertise. Stanulis didn’t appear from thin air to scoop up laurels. A former NYPD Officer and A-List Celebrity security guard, Stanulis honed his craft and garnered entertainment experience as a published and credited actor (starring in projects such as The Sopranos, The Interpreter, and I Now Pronounce You Chuck & Larry).

With his expertise, a wealth of experience, ability to develop and find talent, and work ethic, Stanulis has been successfully steering the wheels of his enterprise in the right direction, creating amazing content all while staying within minimum film budgets.

Stanulis is not resting on his laurels yet, for his drive for success is new every morning. Leveraging on the rising independent film industry, the filmmaker currently has 10 upcoming films in the works through 2022, and with his precedents draped in awards and laurels, viewers have reason to be excited, for first-class entertainment is on the way.

MoneyCentral Magazine recently caught up with Steve to discuss his journey in the entertainment industry and here’s what went down:

Why Did You Decide To Be A Producer Above All Other Industry Job Roles?

I really enjoyed the business aspect of the entertainment industry. Being a producer allows you to run the show and make business decisions, which ultimately decide the success of the project.

What Was Your First Job In Film And How Did You Progress To Producer?

My first job in film was The Replacements with Keanu Reeves and Gene Hackman. I played Keanu’s backup quarterback and only had two lines, but I was hooked!

What do you look for in a script?

When reading a script, the genre, the dialogue, and character development are most important to me. Unfortunately, many writers fall short when it comes to character development.

How do you select a director?

I usually choose a director based on the genre of the film and their past success on prior projects. It’s also very important for us to be compatible and have the same creative vision.

Have you ever had to handle a difficult conflict in your career? What did you learn from it?

There have been many difficult conflicts, usually on the financial side. For instance, sometimes monies are counted on and at the last minute, investors don’t follow through. As a producer, you need to have a fallback plan and if for some reason you do not have enough time to raise the money, you have to decide where to cut the script where it doesn’t change the story.

What would you change in a movie you produced that you believe would make it better?

None- I have been blessed in the sense I have never looked back on a film or cast member and wished something was done differently.

What Film Projects Are You Working On Right Now?

We are currently shooting a project called “Monica”, starring Emily Browning and Patricia Clarkson. The film is about a transgender woman who comes home to take care of her sick mother, even though their relationship is estranged. We think the topic is timely and we are proud to be a part of this film.

Do you think it’s a good time to invest in films right now amidst this pandemic?

It’s never been a better time to invest in films, due to the fact when I first started in 1999, you either needed a theatrical release or a deal with Blockbuster. Now, there are so many platforms looking for new content. Therefore, it truly has never been a better time to have your work as a filmmaker distributed.

What Advice Would You Give To Those Hoping To Pursue A Career In Producing?

My advice would be to network, do your research, and try to find a mentor already in the business to help you learn the ins and outs. I’d also warn them that the journey is not a sprint, it’s a marathon. But if you stay motivated and remain tenacious, you will achieve all that you dream of!

Despite COVID-19 Global Sneakers Market Still To Hit $102.8B Value By 2025… Yes, You Read Right

The COVID-19 has had a huge impact on the sneakers market, causing supply chain disruptions, closing retail stores, and cutting down revenues. Although all major sports brands managed to recover and boost their sales online, this year’s revenues are still expected to remain below pre-COVID-19 levels.

According to data presented by BuyShares.co.uk, the revenues of the global sneakers market are set to reach $66.3bn in 2021, compared to $69.6bn in 2019. However, the entire industry is forecast to grow by 30% in the next four years and hit $102.8bn value by 2025.

A Two-Year Recovery after the COVID-19 Hit

Sports brands and sneakers producers have never had a year like 2020. Before the COVID-19, global sneakers sales had been growing steadily, with revenues doubling between 2012 and 2019. However, in the first half of 2020, sales crushed to the deepest levels in years, as global demand significantly dropped amid the lockdowns. Sneakers were selling at lower prices, while marketplaces looked to drive customer engagement on social media.

As a result, global sneaker sales revenues dropped by almost 10% YoY to $63.2bn in 2020, revealed the Statista data.

After a challenging 2020, the sporting goods giants Nike, Adidas, and Puma all managed to recover, with their sales growing strongly in the first half of 2021. The return of major sports events also allowed them to showcase their brands to billions of consumers, who turned back to their stores in all parts of the world.

In the fiscal year ended May 2021, Nike reported $44.5bn in revenue, a 19% increase YoY, driven by growth across NIKE Direct and wholesale and double-digit growth in the footwear and apparel sector.

Its largest competitor, Adidas, also saw significant growth in all market segments, with sales in China jumping 156% in the three months of 2021. As a result, the revenues of the German sportswear company jumped by 27% YoY to €5.27bn in Q1 2021, with its net income reaching €502 million, up from €26 million in Q1 2020.

Although all major sneakers producers witnessed significant growth across different market segments in 2021, the revenues of the unified market are still forecast to remain $3.2bn below pre-COVID-19 levels.

However, the year 2022 is set to witness a significant recovery, with revenues rising by nearly 25% YoY to $82.4bn on a global level. Moreover, the increasing trend is set to continue in the following years, with the figure rising by $20bn by 2025.

The United States to Generate 30% of Total Revenues, Chinese Market to Shrunk by 10% in 2021

Analyzed by geography, the United States represents the world’s largest sneakers market expected to generate $20.1bn or 30% of total revenues in 2021. Statistics show the US market is forecast to grow by 6% YoY and reach almost pre-pandemic levels. By 2025, the US sneakers sales revenues are set to jump to $28.9bn.

However, as the second-largest sneakers market globally, China is expected to witness its revenues drop by 9.3% YoY to $12.4bn in 2021. In the next four years, this figure is set to jump to $23.2bn.

The United Kingdom is expected to witness the most significant growth among the top three markets, with revenues growing by 12.4% to $3.7bn this year. Japan and Germany follow with $3bn and $2.5bn in revenue, respectively.

The full story can be read here

5 Ways New Entrepreneurs Can Future-Proof Their Businesses

It’s no secret that many businesses took a massive hit during the COVID-19 pandemic, but while some were struggling, entrepreneurs were thriving. According to the U.S. Census Bureau, 4.3 million new businesses were launched in 2020 alone — over 1 million more than the previous year — meaning that more people are launching new businesses than ever before.

While this is great news for the entrepreneurship community at large, that doesn’t mean these newly-launched businesses are in the clear. In fact, some estimate that as many as 50% of these businesses will fail within the first year without additional support. 

So what can new founders do to ensure their success? It’s easier than you might think.

  1. Establish yourself as a thought leader.

As business owners, there are few things more important than your credibility and reputation. As such, establishing yourself as a thought leader in your industry is vital — not only will this ensure that potential customers want to work with you, it can also lead to other business-boosting benefits like media inquiries, partnership offers, and more. 

You might be tempted to brush off thought leadership as a secondary priority, especially when you’re focused on getting your business off the ground. However, demonstrating that you’re a leader in your field is a fantastic way to build a safety net that can help your business stay afloat and even thrive. Building your personal brand and platform can help you create a strong foundation from which your business can grow, and it will help bring people to you instead of the opposite. 

  1. Don’t be afraid to pivot. 

Change is scary, especially when you’ve already stepped out of your comfort zone by launching a new business. As we’ve learned during the pandemic, however, the ability to adapt is key to many businesses’ survival. While there is definitely strength in persistence despite the odds, it’s also critical for entrepreneurs to understand when and how to pivot.

Don’t view it as giving up on your business or your ideas but rather as exploring new avenues of possibility. Studies show that businesses that are willing to adapt or change during times of crisis are more likely to be successful, which means your ability to think quickly and respond accordingly might be the difference between a business that succeeds and one that fails.

  1. Focus on financial literacy.

Money is the #1 cause of stress in America, and the same is true for entrepreneurs. While this stress can wreak havoc on our overall health and wellness — including contributing to anxiety, depression, high blood pressure, heart disease, and more — it’s often far worse for entrepreneurs, who are more prone to mental health issues due to immense stress.

While you can certainly introduce stress-relieving tactics into your regular routine to help you cope — whether that’s exercise, mindfulness, meditation, or something different — it’s important to address the sources of that stress as well. And one of the best ways to worry less about money? Learn more about it.

Look for ways to level up your financial literacy as both an individual and an entrepreneur, and make sure to find ways to give yourself the financial education that many business owners aren’t able to receive in traditional schooling. There are plenty of resources available online for entrepreneurs who want to learn more about money, and the more you know the more confident you’ll be in handling your money and taking financial risks. 

  1. Explore alternate methods of funding.

While there’s nothing wrong with bootstrapping your business, lack of funding is one of the biggest reasons why new businesses fail. And while a small business loan from a traditional bank is an option for some, it might not be the best path for you, especially if you’re a first-time entrepreneur. 

Don’t be afraid to think outside of the box when it comes to funding your business. Crowdsourcing is a great option for anyone who is able to provide a physical product or service, and you might be able to raise money through crowdsourcing on Kickstarter or Indiegogo. Not sure if crowdsourcing is right for you? There are plenty of angel investors out there who are looking for new investment opportunities, and there’s no reason not to reach out to them. There are also new alternative forms of investors that are available on platforms like ClearCo that can help businesses scale without sacrificing a large ownership stake in their company. If your product is in the e-commerce or SaaS space, this might be the type of funding you need to get your business off the ground. 

  1. Get a mentor.

Mentorship might not be on your “top priorities” list as an entrepreneur, but it definitely should be. According to one survey, 70% of small businesses that received mentoring survived more than five years, which is double the survival rate of non-mentored businesses. Plus, business leaders who are mentored by a top performer are three times more likely to become top performers in their industry as well, meaning mentorship might very well be the thing that helps your business not only survive but thrive. 

Charlotte DeMocker is co-founder and Chief Operating Officer at Penny, an innovative digital media startup that successfully launched during the pandemic. Penny seeks to help ordinary people master their money. Follow Charlotte on Instagram @charlottedemocker and learn more about Penny @penny.app.