Meet The Celebrity Photographer Behind The Cover Of The February 2023 Issue Of MoneyCentral Magazine: Pedro Virgil

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Pedro Virgil is an Australia-based photographer, reality TV show personality, and engineer. He is best known for his participation as a judge and photographer on the reality show Caribbean’s Next Top Model, a guest photographer on Australia’s Next Top Model, and Project Runway Australia seasons 1 & 2. His photography has been featured in several magazine covers and editorials, including Inside Sport, Men’s Health, GQ, Sports Illustrated, Gay Times, DNA Magazine, and FHM.

Pedro’s work can be recognised on major billboards from high-profile brands such as Rolex, Sony, Adidas, Sony Ericsson, Van Heusen, underwear campaigns such as Calvin Klein, and hit television shows: Australia’s Next Top Model, Project Runway seasons I & II, Football Superstar, Caribbean’s Next Top Model and Australian Idol. He was also commissioned for the global advertising campaigns for Ed Hardy by Christian Audigier in Australia, the United States, Europe, and Asia.

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

When did your entrepreneurial flair first reveal itself?

My entrepreneurial flair first revealed itself when I wanted to create projects to give back to the community. In particular, this was a project called “Gods of Football” which involved photographing first-grade Rugby League and Aussie Rules players in the buff, to raise money for people with Breast Cancer in alignment with the McGrath Foundation of Australia. I set out to brainstorm a project that was both bespoke and possible to manage small scale and be economically viable. At the same time, in the end, it can raise a substantial amount of funds for charity. This meant starting from the ground up with preproduction, sponsorship acquisitions, negotiations with prospective clients, employing individuals, meeting with sporting managers/agencies, understanding business law, managing finances, and so on. Thus an entrepreneur emerged.

How did your life look like before being a photographer?

My life before I was a photographer was extremely busy. I have always worked in the arts and entertainment field as a make-up artist, special effects artist, set designer, location scout, location manager, artistic Director, visual merchandiser, etc. I also worked as a professional entertainer in the music industry, performing in bands, musical theatres, recording sessions, etc … So I had a lot of overall experience from working in many different facets of the industry.

As a photographer, what is it that motivates and drives you?

As a creative person, I am motivated by my desire to constantly better myself, to better my creativity, and to find new ways of storytelling, capturing moments, and depicting scenarios, scripts, or stories. As a photographer, I am constantly stimulated by anything visual, which creates the need to analyze it, dissect it, try to make my own interpretation, and eventually produce a visual depiction that is uniquely my own.

In one word, describe your life as an entrepreneur and explain why.

Unpredictable. Why?? Because life always has a new turn for you at any given moment. A new chapter, a new journey, and one must always be prepared for changes, challenges, and constant change. I believe to be successful in business, you need to be extremely adaptable, versatile, and willing to try new things and take risks. All these factors have one common thread: the thread of unpredictability.

What were your top three motivations for starting your photography business?

My creativity was a huge motivation in the sense that I never seemed to run out of creative ideas even though I’ve been doing this for so many years. I believe that life is constantly throwing influences at you, new experiences, new lessons, and new visual stimuli, which thereby, when absorbed by your creative mind, then processed by your creative spirit, get channeled into new creative ideas. The second motivation would have been wanting to have a unique style of my own, making my own creative rules, and working my own hours at my own pace. I would say my third motivation for starting my own photography business was the desire to leave some legacy or artistic footprint on this world that I can say was my own, from the “conceptualization” right through to completion.

What do you put your success down to?

Hard work. Not listening to too many people. Always be true to one’s creative spirit and not be afraid of taking risks, creatively and financially.

What would you say are the key elements for starting and running a photography business?

Definitely, knowing what the industry is about, first and foremost, is extremely important. By that, I mean not just what photography is but how and where photography falls into the whole ecosystem of the fashion/media/arts/advertising/marketing industry.

Understanding the law and also understanding that the images you create are not just pretty pictures; they are tools for marketing, advertising, developing brands developing products, developing people developing celebrities, creating lifestyle choices, and influencing the population. Photography, therefore, is a very responsible and influential career because you’re creative and can influence generations! My intellectual property and corporate branding are extremely important to me. Secondly, I would say that it is important to understand the financial layout that it takes to begin a photography business. Studio equipment, lighting gear, camera gear, Camera accessories, lighting accessories, computer accessories, data drives, editing equipment, props, transport, editing suites, and the list goes on and on. Before you know it, it becomes an extremely expensive layout. Thirdly, it’s very important to understand how photography fits into the spectrum of brand development, advertising, and marketing. How your creative flair can take a boring product that may not be highly coveted initially on the market to become extremely aspirational; simply through your creative processes.

What are the three biggest challenges you have faced growing the photography business, and how did you overcome them?

The three biggest challenges I have faced during my photography tenure are, firstly, finding good and reliable returning clients. This generally eventuates from good word of mouth, forming strong and trustworthy relationships with agencies, clients, industry professionals, etc. This process allows you to gain more clients. Another challenge has been the ongoing equipment cost and the constant need to update gear due to infrastructure improvements, new software technology, and the ever-changing hardware in the technology market. This obviously incurs more ongoing costs, not to mention the cost of repairs if any equipment gets damaged or general depreciation. I would say that the third challenge faced in this industry is to break free from the stigma attached to photographers being that sometimes people assume photographers are sleazy or only interested in sleeping with their clients etc. Of course, in any industry, a few people engage in that sort of behavior, but that is not always the case. So it’s always important to show your clients that you are trustworthy, that you have integrity, and that you fiercely care about your career and reputation.

Does the loneliness of the entrepreneur really exist?

That depends on how you define the word loneliness. If you mean not having people around you, that is not true because they are constantly people around you as a photographer. You always have people wanting something, or you always have something to deliver to somebody, or you always have meetings for preproduction, post-production, marketing discussions, etc. Suppose, however, you mean loneliness in the sense that not many people “get you” or understand “you.” In that case, that could be true because to be focused on your business/career, to be absolutely dedicated to it, means that you have to miss out on a lot of things, such as developing friendships outside of your work, finding people who totally get you based on your passion. The “art lifestyle” often conflicts with people who are generally academic because academia and art rarely share similar lifestyles. Loneliness in the sense of not having like-minded people around you is possible. I grew up as an only child with a single parent, so being alone is not an unfamiliar situation to me. In fact, I’m quite comfortable with being alone a lot of the time. However, I think this question’s importance is really about whether loneliness can affect somebody. That answer would be subjective, but I feel that it’s important for anyone to take a moment to reflect, meditate, and relax in their spare time, downtime, or alone time. I do not see loneliness as detrimental. It is a time to be able to reflect, reassess, and to re-energize myself.

As you grew the business, what have been some of the most important lessons you have learned?

I have learned that in business, Not everyone plays fair. I learned that through business deals gone wrong, through former business partners cheating me out of money, etc., but I do not take it as an overall bad thing: a lesson learned is a good lesson, and it’s an opportunity for me to grow and to learn from my mistakes. I’ve learned that you cannot trust everybody, but at the same time, you cannot distrust people completely because there are good people out there. It is up to us to monitor ourselves and those we interact with and spot any early red flags to avoid future problems. I’ve also learned that there are many times when you’ll be faced with” no” instead of “yes.” Sometimes, someone may only partially agree with your preference in terms of artistic direction. Art is a very subjective field. There are many opinions and as many perspectives as there are people, so I’ve learned never to take things too personally and to focus on my craft to try and make it as good as possible. That will lead to people gravitating toward me and my work.

What do you hope to see happen in the near future for small businesses all over the world?

The future allows small businesses to recover from the many losses they suffered during the Covid epidemic. This, unfortunately, was uncontrollable and unpredictable, as is the future. One can only hope that the spread of wealth in this world evens out, that the rich are not constantly getting richer and the poor are not getting poorer. I hope that the future brings much more fairness in the economy in all parts of the world. I also hope that ART continues to have a greater significance, appreciation, and value in all platforms, all industries, and faculties worldwide.

4 Simple Ways to Wake Up Happier Tomorrow

Granted, some mornings are better than others! No matter what the mood or situation, you’ll be thanking yourself silly if you follow these four easy steps before leaving the house every morning. They will ensure you start your day off positively and with an air of complete determination and purpose.

1. I am just as good as the person next to me.

Always remember that the person you’re comparing yourself to will always be comparing themselves to someone too. You never know; it could even be you! Although a little bit of extra push and determination can come from comparisons, making daily comparisons to others can be very detrimental to a woman’s thought process. Constantly thinking ‘she’s much skinnier than me’ or, ‘she likes him more than she likes me’ is simply pure negativity. Remember that you are on the exact path in life you’re supposed to be on, and everyone has a different path. The time taken to stop and look around at everyone else’s paths will slow you down on your own.

2. Today, I will be brilliant.

I find this to be very important. Every morning I wake up, look in the mirror and say (out loud), ‘today, I will be brilliant!’ There are a few reasons for this – I promise there is a method to the madness. The first reason is that I like to use my voice before I have to speak to anyone else and embarrass myself with the husky cough we all know too well because the ole’ vocal cords aren’t warmed up. The second and more important reason is that positive self-talk is really important to a successful outlook on life.

3. I deserve the best

I think this is something women are constantly compromising on, and you know what? I’m sick of it, ladies! Everyone deserves the absolute best when it comes to important matters of life! Now I’m not talking about having the perfect espresso every morning from your local brew house; I’m talking much bigger picture! Things like relationships, jobs, and friends. Yes, finding a balance between the three is hard, but simply aiming for the best will push you in the right direction. Settling for ‘just ok’ or ‘average’ should be a thing of the past!

4. Say Cheese!

Smiling as you walk out of the front door can be one of the most rewarding things you can do all day. It can truly set the tone for the rest of your day. The mere act of smiling releases endorphins and initiates a chemical reaction in your brain that forces happiness to conquer any feeling of unease. I find this technique especially useful when I’ve had one of those terrible mornings where everything that can go wrong does go wrong! Even though you’re in a state wherein the SheWitch Banshee from Hell would be afraid of you, forcing a smile will help you leave negativity behind you.

4 Business Opportunities To Try in 2023

 

Businesses are everywhere. With every second that we spend living, business is there. It is inevitable that you buy at every stopover or just by the moment that you can see that you don’t have toothpaste right after you wake up. Business is there, and it is there anywhere and at any time.

Is business really that important? Yes, of course. Imagine life without a business. Will you ever survive? Businesses provide products of all kinds to their customers. It also makes the best possible use of scarce resources with the aim of gaining profit from a specific kind of business or just a simple buying and selling transaction.

Engaging in business need not have a lot of capital. Some may be of low cost, and some may require high investment depending on the kind of business that you would like to engage. There are a lot of businesses that may be an option for you also, depending on the inputs that you have. Some may require real money, but for some, if you have the talent, you can already dive into your specialized business. Below are some that you can opt for.

Event Planning

If you want to start a small business, event planning is a sure activity. In event planning, you need the skills since this is a highly specialized kind of business. You can go for catering services or a wedding event planner. If you have experience organizing and planning a wedding, this is a business from which you can profit. It is also important that you should be sociable since this job requires you to meet a lot of different kinds of people. Event planning is becoming popular because most people now depend on someone to organize their events perfectly.

Dining Business in a Food Cart

Heard about fast-casual dining? This is not a fast food or a full-service, sit-down restaurant. This kind of business is believed to be a low-cost one and is the “in” now. Food carts’ profitability has been proven in major city areas. You can always start there. Franchising food carts are now available all around; you can grab one and start your own business immediately.

Affiliate Marketing

Marketing products have now gone online. If you have the skills in blogging and writing, this business is the best one for you. Affiliate marketing is earning a commission by selling other products on your website. One good thing about this is that you do not need to develop your product. All you have to do is promote the product you are selling and let orders come their way.

Candy Maker

Do you have the skills to make candy? Then you can start your own business right there in your kitchen. You can always make one and have your friends taste it; once they love it, you can start your little business.

Success in a business is indicated by how much you love your work. If it is your passion, go and let the world know that your business is the best.

Ted Baker announces the launch of four new stunning timepieces

Luxury British lifestyle brand Ted Baker is delighted to announce the launch of four new stunning timepieces just in time for the gifting season. Complete with 100% sustainable and recyclable gift boxes, Ted Baker proudly presents four new watches for both men and women, ensuring the perfect gift for the special people in your life lies within this impressive collection.

The Lilabel and Fitzrovia Bumble Bee timepieces join the brand’s elegant women’s range, while the Caine and Phylipa Gents watches combine contemporary and classic style to bring new additions to Ted Baker’s iconic men’s collection. This timepiece collection is also the first to incorporate the brand’s new magnolia motif, lifted directly from the Ted Baker archive, which symbolises perseverance and a love of nature, and is, “Ted Baker DNA summed up in one simple icon,” as pronounced by the brand’s Global Creative Director, Anthony Cuthbertson.

Each watch can be made unique through a variety of watchstrap style, colour, and case size options. Available from Davidjones.com, 275-350 AUD. 

This article was sourced from a media release sent by Ella McPherson of Grove Communication

Entrepreneur Spotlight: Homegrown Basketball Australia… What Is This All About?

Homegrown Basketball Australia (HGBA) is a community-based sporting association that started off as a small group of interested basketball players and enthusiasts playing social basketball games in 2012. It was later established as an organisation by its founders, Karlo Basa, Alfred Sayas, and Cromwell Alvarez.

HGBA prides itself on being the seasoned basketball influencer in Western Sydney and the Sydney Filipino community. Its presence has continued to expand all over Australia and is commonly recognised by International Filipino Basketball associates as the long-standing leader in Filipino Basketball in Australia.

The brand continues to be associated as the driver of the basketball movement in Western Sydney as it constantly elevates and redefines its services throughout the years. This has resulted in wide exposure and strong influence over the Basketball and Filipino community at large.

Homegrown Basketball provides the following services:

Western Sydney Basketball Association (WSBA)

WSBA is the Basketball League entity of Homegrown Basketball Australia, which officially commenced its Basketball League operations in Autumn 2013. In its tenth year and 16th basketball season, WSBA has established itself as the leading amateur Basketball League in Western Sydney, managing between 40-50 teams every season.

Homegrown Basketball Academy (HG Academy)

HG Academy is the basketball coaching and player development entity of Homegrown Basketball. Accredited coaches and trainers deliver the program in an innovative and fun environment, providing several options for all ages and skill levels.

National Basketball Training Centre (NBTC)

Homegrown Basketball Australia is the tenured partner of the SM NBTC Basketball Pathway to Philippine UAAP and NCAA Basketball. The program provides for Philippine Collegiate Basketball aspirants to participate in the extensive training and development program with an opportunity to be selected to represent Australia in the annual SM NBTC Global Games, the scouting platform for Philippine NCAA and UAAP coaching and scouting staff.

HGBA continues to build on its rich history as they endeavour to develop the sport of Basketball and its presence in Australia. For more information on its services and how to be part of the Homegrown Basketball community, please contact the Homegrown Basketball admin at info@homegrownbasketball.com.au.

Banking and finance executive develops technology that is set to significantly boost the performance of Australia’s superannuation industry

One of Australia’s most experienced banking and finance executives has developed world-leading technology that is set to boost Australia’s superannuation industry’s performance significantly.

Douglas Bucknell, Founder and CEO of Tailored Superannuation Solutions (TTS) was the CEO of Anglican Investment Development Fund (AIDF) and Senior Policy Advisor for the three Commonwealth superannuation funds and APRA.

He has developed the world’s first ‘Smart Default’ fund that will significantly increase superannuation members’ retirement balances.

“This ‘Smart Default’ fund will greatly impact the quality of life for Australians entering retirement because it will boost their retirement balances by, on average, at least 35%.

“We’re able to do this by replacing the one-size-fits-all ‘balanced option’ and simple age-based life-cycling default design, with this ‘smart’ fund,” Mr. Bucknell said.

“The days of simply dumping all members in the same investment option for life should be over,” he said.

Last year, 13 super funds were found to have failed the Federal Government’s new performance test. Since then, the Australian Prudential Regulation Authority has released all the funds it assessed showing another seven, including some of Australia’s biggest MySuper funds only marginally passed the test.

“Superannuation trustees need to focus on improving retirement outcomes for their members – that’s what they’re paid to do.

“Our technology delivers on the Productivity Commission’s finding that well-designed life-cycle solutions are better than the single strategy, one-size-fits-all, approach,” he said.

The ‘Smart Default’ fund uses a SAAS (software-as-a-service) solution to automatically tailor the existing investment options of superannuation funds to a member’s own projected retirement outcomes.

“We improve the competitive performance of superannuation funds enabling them to exceed the Federal Government performance targets and deliver superior outcomes to their members,” Mr. Bucknell said.

TTS is Australian-owned and operated. It was established in 2016 and backed by some of Australia’s leading business and government figures.

This article was sourced from a media release sent by Medianet

8 Surefire Ways You Can Save Money As Prices Soar

Recent data released by the Australian Bureau of Statistics showed prices climbing by 6.1% in the June quarter, driven primarily by the increasing cost of food and fuel.

Especially for those with kids, financial outgoings such as education, grocery, and days out can set you back.

Nick Drewe, money-saving expert at Australian discounts platform, WeThrift, shares his top tips on how you can cut your everyday costs. From energy bills to travel and grocery shopping, he shares his top tips below.

1. Keep checking your bills regularly: As some energy suppliers have been known to either make changes to tariffs or make mistakes when charging customers, it’s always a good idea to check your regular household bills.

With winter approaching, those who continue to work from home or have flexible conditions may opt to not return to the office Therefore, bills for water, energy and mobile data are likely to increase.

2. Reduce activities and classes: Whilst it is important for a child to have a routine, there seems to be pressure around keeping children busy with activities from a young age.

If you can’t quite afford every single activity, why not keep it simple and cost-free and encourage time to play in the backyard, playgrounds and explore the local creek. Children enjoy picnics, playdates and time at the beach, which will help reduce time spent in the car and spending money on petrol, entry fees, registration, tuition fees, uniforms or costumes.

3. Have a cap on present spending: Once your child starts school, they will begin to get more invitations to birthday parties. While this is lovely, this can also get expensive. Decide on a limit for presents early on and stick to it, unless it is a close friend where you may want to spend more.

Simple gift ideas that can work for both genders could be a pencil case filled with nice new stationery, a piece of sports equipment or a water pistol. 

Also, start collecting generic things throughout the year and put them in a gift collection cupboard. You never know, they may come in handy.

4. Choose inexpensive holidays: Once you have children, it is not as easy to travel interstate and overseas. Camping, particularly with young children, is fairly inexpensive to do once you are set up with some gear. 

Children love to ride their bikes around, meet other kids and roam the extra space, which is a great way for families to interact without spending too much money.

5. Share school trips with other parents: The cost of petrol adds up when taking the kids to school every day, and being able to do alternative trips with other parents nearby will definitely help cut your costs. 

If you can arrange to do alternative days or even alternate between the morning and afternoon drop off, this will cut your journeys in half. 

6. Look for discount codes before ordering takeaways: If you’re treating the family to a well-deserved takeaway at the weekend, before clicking ‘checkout’ on sites like Deliveroo or Menulog, it’s always worth a search on voucher sites for any discount codes or free delivery incentives that could knock your basket price down. 

Also, always check your emails for any promotional vouchers that may have been sent following your last order. Often delivery couriers will offer customers small incentives ahead of their next purchase, to retain their loyalty and avoid them being tempted to order elsewhere.

Deliveroo customers have the option to ‘Refer a friend, which will secure both of you $10 off your next order.

7. Time your grocery trips wisely: Try to time your grocery trips for when your local stores are likely to have just added yellow ‘reduced’ stickers to stock that needs to be sold that day. Making the most of these heavily discounted deals will help you to fill your freezer up with discounted meat, fish, and freezer meals for cheaper food options in the coming days and weeks.

Normally workers will start discounting products that are about to pass their sell-by-date later on in the afternoon or early evening, so a food shop after work is the perfect time to grab a  bargain.

Many supermarkets also have clearance sections where products that cannot be sold at their RRP or may have damaged packaging can be found. Just make sure to check you are happy with the item and that the goods aren’t compromised before heading to the checkout.

8. Cancel any unnecessary direct debits: Now is the perfect time to log on to your online banking and scour your direct debits and standing orders to see if you can cancel anything that’s become an unnecessary spend. 

Whether it be a gym membership you aren’t quite getting your money’s worth for, or a streaming service you signed up for during lockdown that you no longer make the most of, cutting these small outgoings will make a difference to your bank balance in the long run.

Also, make sure all of your monthly direct debits look correct, and if there are any questionable outgoings from your account to immediately address it.

Source: https://www.wethrift.com/tag/australia 

Meet The Entrepreneur Behind The Cover Of The August 2022 Issue Of MoneyCentral Magazine: Carl Runefelt

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With the crazy crypto boom around the world, there is a bit too much information to process, and hard to take your pick. But few special people have both the understanding as well as the belief. “Carl Runefelt” is one such individual. The billionaire has made his fortune with considerate assessment and belief in the law of attraction. The golden boy from the crypto industry shares an exclusive interview for the readers of MoneyCentral magazine.

Carl is very firm about his vision of crypto being the only currency we will use in the future. He has always believed that one bitcoin can be worth millions in the extended imminent stripe. He has invested in more than four hundred crypto startups, making him possibly the world’s largest crypto angel investor. With a following of over five million subscriptions across all social media platforms, Runefelt is prompting more and more people to share his journey, lifestyle, and reliance on the decree of magnetism. His youtube channel has been one of the most significant apparatuses in his accomplishment and distinction.

Runefelt, who hails from Sweden, dropped out of school early as he had a hard time focusing because of attention deficit disorder (ADD). He started working at a department store for a living, but within two years, he realized that he could never be successful or make his parents proud if he continued in that profession.

The founder of The Moon Group’s faith is in the law of attraction. He believes firm visions of your future can lead to possibilities of all your goals and dreams. The know-how of leveraging the internet to mint money and the ability to foresee the future of digital money have allowed him to climb up the success ladder.

Carl says, “I began to picture myself as a rich, cheerful and effective individual.” He even pretended that he was successful even though he was still working at the grocery store. He always took the train to his job, but he imagined driving a Ferrari in his head. He also started to look for yachts for sale online, envisaging that he was ready to purchase one. His life changed in just a couple of years more than he thought or most people would think could be possible.

Runefelt says, “There is no similarity between then and now.” He started probing for methods to get successful; he ran over a few speculations and meetings with fruitful individuals. What struck him more than anything else was the “law of attraction.”

Twenty-seven-year-old Runefelt mentally transformed himself into a successful person. From where he was, to where he is now, and where he’s headed. It’s been a shift of mindset and approach towards life. Self-belief and optimism about the future gave him the enthusiasm, courage, and strength required to overcome the barriers.

Carl did his research on cryptocurrency extensively a few years back, both online and by pouring through whatever literature was available at the time. He concluded that cryptocurrencies such as Bitcoin, Ethereum, and altcoins are designed to work as a medium of exchange. Educating people frequently about the traders and investors would be necessary and became his life’s purpose. Being a millennial, Runefelt realised the power of the digital world early on.

In no time, he created a YouTube channel, TheMoonCarl, to disseminate adequate and correct information about the control and value of cryptocurrencies, educating people on its nuances and how it’s competing against a broken system.

Runefelt says, “My life completely changed in just a couple of years, more than I thought or what most could even think possible. There’s no comparison between now and then. Being with people who share your ideals and goals is important; your company matters.”

He believes achieving success isn’t a matter of luck; it’s a decision. He says: “I thank myself every day. I decided to become the person I am today because I wasn’t happy with who I was before. The way to become whoever you want is to believe in your mind that you’re already that person. Act as if it’s already your reality, and you’ll attract it.”

The entrepreneur wants to be remembered for his extensive career. Wealth creation is no longer a motivating factor; he wants to contribute to society through philanthropic ventures. He says: “I want to be remembered as a great person who did great things. I already know that I’ll be one of the wealthiest people in the world, so it’s no longer a big motivator anymore. I want people to remember me as someone who did well for other people.”

In recent times, Carl announced his official partnership with Formula 2 & driver Ralph Boschung. An avid fan of racing, Runefelt’s multi-million-dollar sponsorship puts his name “The Moon” at the forefront of Formula 2. Runefelt says, “Bringing mass crypto adoption is my goal for 2022. Not only do I wish to bring more awareness to crypto but also to children with disabilities.” Carl himself is donating 30,000 USD every race to his charity for helping children in need and is motivating people to do so as well over a QR code printed on the car’s nose. “Formula 2 gives me a platform for both subjects that are near and dear to my heart. Crypto has built my wealth over the years, which has allowed me to make major donations to foundations that help children with major disabilities such as Down Syndrome, which my little brother has.”

Carl Runefelt, a serial entrepreneur and renowned crypto leader, is set to launch another exciting blockchain project, CryptoJobs.com. CryptoJobs.com aims to revolutionize the Web3 job space with an innovative employment platform for job seekers and employers. The platform will offer a sustainable solution to the existing job market problems and provide long-term benefits to its early supporters.

5 Things To Consider Before Investing In A New Business

For any investor, the essential thing is to see a return on their investment. The primary reason why investors put their money into a business is to make more money. However, the company investing data demonstrate that this is not always the case. Many investors have lost money as a result of a company concept that appeared to be “infallible.”

Investment is a business facet that necessitates meticulousness and a broad basis of financial understanding. Anyone who enters this profession must be willing and prepared to learn many vital measures for successful investing. This post will go over “5 things you need to know before investing in a new business.

1.    Understand The Business Structure Completely

One of the essential things to know before investing is understanding business structure. A thorough grasp of the business structure is one of the things to know before investing in a new firm. This is significant because it will impact how the IRS and legal system evaluate liabilities and earnings.

When you begin to understand the company structure thoroughly, you will be able to predict the likelihood that the firm will fail. According to the Business Administration – about half of small enterprises fail within their first five years.

Understanding the business structure will assist you in determining if you will be personally liable for any unpaid debts or liabilities if the firm fails. As a result, we usually urge potential investors to consider carefully minimizing their responsibility.

2.    Recognize The Importance Of Patience

Before investing in a firm, you should know that you may not see any profits for several years. That’s why we refer to it as comprehending the essence of patience. Any prospective investor must realize that investments are similar to seeds planted in a firm.

They, like seeds, require a certain amount of time before they begin to produce excellent harvests. You should be aware that the longer your cultivation period, the greater your profits. When you invest as a new investor in a business, you should know that the startup will require all the funds it can receive. That’s why patience is something significant that an investor must do before investing in a new business.

3.    Conduct Your Research

Knowing the importance of all factors to consider before investing in a new business is essential. Before investment, do as much research as you can. This implies you must be familiar with the background of everyone involved in the business’s management. Before investing essential resources in a firm, you should research the industry and market competition.

In reality, you should request a thorough written business plan that includes the company description, market study, SWOT analysis, financial strategy, marketing methods, and so on. Making your study will assist you in determining whether the company has an actual plan to carry out its grandiose aspirations.

4.    Interacting With Customers

Besides financial factors to consider before investing, interaction with customers is also essential. It is also beneficial to converse with consumers or customers. Collect as much consumer information as possible. First, we recommend speaking with at least 3 to 5 people who use that business or product.

The explanation for this is straightforward. You’re attempting to gain personal knowledge of how that thing feels and how valuable it is. You would also receive pertinent information on any flaws in the product or service that should be addressed.

5.    Make A Diversification Strategy

It is essential to develop and implement a diversification strategy. As a private investor who only invests in two or three firms, your chances of success are small. According to Kauffman Foundation research, the standard technique is to have roughly 7 to 10 investments.

As a result, it is critical to determine how much you plan to devote to your asset class. The objective of diversifying your assets is to reduce risk while increasing your chances of success.

Last Thoughts

Follow the above five things you need to know before investing in a new business. The secret to successful business investment is avoiding investing money you cannot afford to lose. As a result, we recommend that you should not invest in a company where the only way out is through an initial public offering. Before investing, you should learn how to invest wisely.

5 Surefire Ways To Take Advantage Of A Falling Property Market

Challenging economic circumstances, including rising inflation, steep interest rate hikes, and a looming recession ahead, have caused the property market to decline. The buying ‘frenzy’ of the pandemic property boom is over, and home buyers and investors alike are feeling wary about making the life-changing decision to purchase property in this economic climate.

Lloyd Edge, Founder and Managing Director of Aus Property Professionals, says, “Already property prices have fallen in major capital cities like Sydney and Melbourne, and we should expect to see the market slow by a further 10 percent to 15 percent in the next few months. For savvy property investors and home buyers, the declining market presents an opportunity to get better value for their money.”

Lloyd has recently launched his second best-selling property book Buy Now: The Ultimate Guide to Owning and Investing in Propertywhich includes practical tips for people looking to buy a house, whether in a boom or bust market and strategies for how to make the best of the economic circumstances that you’re in and use it your advantage.

Lloyd says, “I began my own property journey at the age of 28, buying a one-bedroom flat on a teacher’s salary of no more than $70,000 per year. At the time, I had no idea I was going to become a serious property investor. Fast-forward almost two decades later and I’ve grown my portfolio to 18 properties worth $15 million. I had to persevere and learn a lot of hard lessons along the way, and now I want to share my knowledge and help people find the same success in property as I have.”

For prospective buyers, particularly first home buyers or aspiring property investors, Lloyd shares his top advice from Buy Now that will help you to break into the market and get better value for your deposit:

  1. Look for below market value properties: A buyer who pays under the perceived market value of a property will have made instant equity on the property, meaning that they’ve made a profit from day one and can use this equity to keep building their property portfolio. To find a below market value property, one way is to use a buyer’s agent. A buyer’s agent can help you buy under market value because of their negotiation skills, contacts with local real estate agents in their areas of expertise, and their ability to uncover off market gems. However, you can also do it yourself by researching the recent sales of similar properties in the same area and seeing if you can negotiate a better deal with the real estate agent.
  1. Motivated sellers: So how do you find a below market value property and snap it up quickly for a bargain price? One way is to buy a property from someone in need of a quick sale. It could be because they’ve bought another house and need to close the sale on their current property quickly, or they could be a developer looking for a quick sale to pay off outstanding debts. However, this advice comes with a word of warning, as some sellers may want to sell fast because there is something wrong with the property, so it’s always advisable to do an in-person inspection and commission a full property report and pest inspection.
  1. Be willing to negotiate terms: In cases of motivated sellers, if you can be flexible on the settlement terms of your contract, this can put you a head above other potential buyers, as flexibility is a strong negotiations tool to bring to the table. If you are able to settle in as little as 21 days instead of the standard 35 or 42 days or offer an unconditional offer with no cooling off period at all, you could find yourself getting a much better deal on a property, and it will make your offer look far more attractive, even if you’re not necessarily the highest bidder.
  1. Be proactive with finances: Before you begin your property hunt, the first person you should speak to is a mortgage broker. A mortgage broker will be able to tell you what your borrowing capacity is, as well as help you secure pre-approval on your loan- this will ensure you don’t miss out on properties while submitting your paperwork and waiting for the banks or brokers to get back to you. If your finance is ready to go, you’ll have the option of making an unconditional offer. You’ll also be aware of any other conditions the seller has included in the contract, so where possible you can accommodate these for a greater chance of success.
  1. Be known to local agents: If you’re ready to go, reach out and get in touch with local real estate agents. Let them know your buying criteria and budget, ask to be contacted with off-market opportunities and when new properties are listed. Ask to be added to their mailing list, so you’re one of the first to know about new listings and to inspect a suitable property when it becomes available.

Lloyd says, “One of my favourite mantras is ‘No-one ever got ahead by waiting.’ Too often I’ll meet people who say they’re not quite ready to buy just yet, they’re waiting for property prices to drop or interest rates to go down. Meanwhile, while they’re waiting property prices start to rise again, and they’ve missed out on the opportunity to get better value for their money. My advice to people in this situation would be buy when you can afford to, when your finances are in order, and ultimately, you’ll be better off in the long run.” 

This article was sourced from a media release sent by Kathleen Quere @agent99pr.com