Property has long been a popular choice of investment. If you have decided that you would like to diversify or begin your investment portfolio by purchasing a property, there are a lot of decisions that need to be made. One of the key decisions is whether to invest in commercial or residential property. It can be a challenge to figure out which one is going to be right for you.
It is important to be aware of the key differences between investing in residential and commercial property. Of course, you will already be aware that the former means that your tenants are going to be living in the property you have purchased, while the latter is an investment in business premises. Read on to discover more about the key differences between both options in further detail.
Investing in residential property
With residential properties, you can expect a more stable investment. This is because residential tenants are going to be available irrespective of the economic climate. If the economy was to take a downturn, the same may not be said for business tenants. A lot of people also find residential leases much easier to understand. The process is a lot more straightforward, which is ideal for those looking to make their first property investment.
Commercial property investment
While commercial property investment can be lucrative, it comes with more risks. Not only do you have to consider the impact of the economy, but also you probably won’t get as much financial assistance in terms of bank loans. Most banks are willing to lend around 75% or more for the housing market, yet 60% or less for the commercial market. Plus, there are many clauses with regards to the contract, so you will need a good lawyer on your side to help you navigate your way through this. If you do decide to go down this route, you need to have enough cash reserves to handle the higher risks, as well as greater experience and knowledge.
In terms of tenants, it is fair to say that both commercial and residential properties can be exposed to bad tenants. While luck has a lot to do with it, there are now stringent procedures in place for screening tenants to make sure you do not fall foul of a bad lodger.
Hopefully, you are now aware of the key differences between commercial and residential property investment. No matter what route you go down, it is so important to make sure that you seek the right legal advice and that you also update your will as well. This is imperative otherwise probate disputes can easily arise between your family members.
So there you have it: an insight into the differences between investing in residential properties and commercial property investment. Both can be great opportunities to make more money, and so it is all about figuring out what is going to be right for you and your current financial situation.
It is no secret or surprise to anyone that someone returning from battle is going to have a hard time readjusting to civilian life. The level of difficulty they experience is going to depend on many factors, of course, including the temperament and personality of the individual, the kinds of experiences they had in battle, and what their civilian situation is life. But all are going to experience at least some kind of difficulty adjusting back to normal life. But the question is: what is it that makes it so difficult? In understanding this, we might be able to help those around us who are suffering in this way, so it’s an important thing to know about.
Many people who have seen battle will experience some kind of psychological suffering after the fact. Again, the extent of this depends from case to case, but there can be expected to be at least a little stress, at the very least. In more severe cases, the individual in question might be suffering from PTSD, or experience panic attacks and related symptoms. All of this can be overcome in time thanks to the right therapy and having good friends and so on, but nonetheless they are very real concerns in the here and now for many returning soldiers. That kind of psychological suffering is something that a lot of people have to deal with every day.
Financial Hardship
You might not think that a returning soldier would have to put up with financial troubles, but the truth is that many of them do, for a variety of reasons. The last thing any of us would hope for is for a service person to have to experience this after coming home, but it’s the reality for many. There are some things that they can do in these cases, and there is quite a lot of help out there if you know where to look. They might look into making a VA claim for instance, if they are diabled as a result of battle. But it’s tough for many people to keep a hold of their finances in the way that they would want to, and it poses a major challenge in returning to civilian life.
A lot of people returning from battle will also experience a great deal of social difficulty, especially in trying to relate to those who have never had such experiences. It can seem incredibly jarring to come home to a normal way of life with people who have never seen what you’ve seen, and for that reason it becomes difficult to relate to those people in a healthy or normal way. With a poor social life, many negative results can come from that too, and it is something that most people need to try and avoid as much as possible. Some therapy can help with this, and it does generally get better with time, but it can take a while for it to get back to a normal social life.
Camera technology is always a hot topic as everyone likes to take great photos. We know that a general trend in the industry is that photos get better and clearer year after year. You only have to compare a photo from a modern camera to one back in the year 2000 to see how far we’ve come.
This begs the question: what does the future hold for camera technology?
Specifically, what can we look forward to as consumers? Are there any technologies or features that will become more prominent in the next five or ten years? To answer this, we can look at some of the current trends while mixing in a few predictions of our own.
Enhanced technology in smaller packages
Much like the future of gaming, camera technology seems to be focused on delivering big hits in small packages. What we mean is that you see better quality photos in much smaller devices. Smartphones are a prime example of this. Unless you’re buying a proper DSLR camera, you’re unlikely to find a digital camera with as much photo-power as a modern smartphone. The cameras on these things are tiny, yet they’re capable of producing crystal-clear imagery. We’re bound to see this trend continue as professional photo-power will soon be available through smaller mobile devices.
Low-light technology
There’s been a huge trend in the photography world around low-light technology. Nobody likes taking photos in a dimly lit area as the quality deteriorates. Not only that, but adding a flash to proceedings can mess up the image you wish to create. Therefore, many cameras are being built with low-light features to take better photos in darkness. This enables you to capture things as a more accurate representation of what you see with your eyes. How often have you seen an image or looked through a camera and seen something that looks clear and awesome? Then, you take the photo and it just looks dark and blurry. Low-light technology corrects this, making night-time photos more appealing.
Drones fit into the first point about big tech in small packages. However, they deserve a spot on their own as drone cameras are a huge trend. It mentions on DrDrone that some drones already have HDR capabilities and up to 48mp sensors. This is already a dramatic improvement on the first drone cameras we ever saw. However, things are bound to get even better. Drone cameras are receiving significant attention from some of the biggest camera giants in the photography world. The aim is to create something that delivers DSLR levels of quality in something that flies up high. Of course, this demands a great balance between camera technology and drone weight. So, it will be interesting to see how close these cameras get to rivaling handheld professional ones.
Better selfies
Selfies are probably the strangest trend in the world of photography. Who’d have thought they would become this popular? We’ve mentioned smartphones already, and selfie cameras have become a key selling point of these devices. People want clear and HD images of themselves! But, this will translate into the wider camera world as well. Many handheld cameras come with screens that can be flipped around to let the user see themselves. This makes selfies a lot easier to do as you remove the guesswork. So, expect to see more cameras adopt an emphasis on selfies. This could come in the form of flippable screens, or it could be through accessories. Either way, DSLR cameras will become more capable of rivaling smartphones for top-quality selfies.
One battery cameras
Typically, a DSLR or handheld camera will come with a place to put a battery. When the battery runs out of charge, you swap it for a charged one and re-charge the old one. It’s a good system, but it can be improved. In the future, you can expect to see cameras that require one battery. They will work like smartphones in that you simply charge the camera when the battery is low. However, things can be taken to another level by implementing solar power. A camera will usually be out in the sunlight, so it makes sense to take advantage of this? Some manufacturers are already toying with the idea of adding solar technology that charges the camera while you use it. Or, it stores the energy generated into a reserve battery, calling upon it when required. The idea is that your camera will never run out of charge when you’re out and about! Funnily enough, many security cameras already implement this technology.
Which one of these trends do you think is more likely to take off? Better yet, which one are you most excited for? Regardless, the future of camera technology certainly looks very intriguing.
Startups tend to be some of the most disruptive and innovative companies out there. Thanks to their unique ideas, small team and fewer obligations, they’re afforded a lot more freedom than most other companies. This is usually great news for whoever owns the startup, but it’s very easy for startups to fail if they’re exercising a bit too much freedom. Perhaps this is why startups have a high failure rate; maybe having too much individual control over your business can actually be limiting their success.
But that’s not the only factor that could be holding back your company. There are many ways in which a startup impedes its own growth, and in this article, we’ll be listing eight of them.
1. Trying to create a market for something with no demand
A surprising number of startups end up trying to grow in markets that have almost no demand. Pushing your products without a good reason will usually end up slowing down your business.
2. Running out of money or failing to budget
Trying to run a business on a tight budget can be incredibly difficult. Make sure you establish a steady stream of revenue to keep your business running and budget accordingly so you don’t waste money.
3. Failing to train or hire the right team members
Hiring new recruits might be enough to keep your business running, but you also need to train them in order to grow your business. Make sure you’re encouraging existing employees to learn new skills and train new recruits so they have an easier time fitting into your workforce.
4. Falling behind the competition and failing to adapt
Analyzing the competition is a very common strategy for small businesses. You need to understand what their good points are, where you can compete with them and how to identify sections of the market that you can take advantage of.
5. Forgetting about the importance of customer service
Customers need to be treated well if you want them to return, so make sure you don’t forget about the importance of offering a good service to them to keep their business and ensure they don’t wander off to your competitor.
6. Being stubborn about hiring outsourced services and freelancers
A lot of startup owners want to save money by doing everything themselves. However, growing your business is difficult if you’re stubborn and don’t hire outsourced services or freelancers. Considering paying for small business IT services to help you manage your company more efficiently and ultimately grow it.
7. Ignoring what customers are saying
Make sure you listen to your customers and take in all of the feedback they give you. This is valuable information that you should be using to grow your business and improve on products.
8. Poor product release timing
This is perhaps one of the biggest problems that startups face. Even if your product is fantastic, you need to release it at the right time to ensure it’s not overshadowed by the competition.
The coronavirus is impacting every business around the world. As such, it’s important to make sure that your business is prepared for the challenges. You need to guarantee that your company is able to operate effectively.
Are Your Customers More At Risk?
Your first step is always going to be considering whether your customers are more at risk when they visit your company. There’s a strong possibility that this is the case and if so, then you are going to need to think about how you can solve this issue. Supermarkets have already been effective here. New markings on the floor ensure that customers know how much space they need to keep. New hours mean that shelves can be restocked too.
Is Your Team More At Risk?
It is possible that it’s your team who is more at risk of contracting the virus. For instance, fast food joints are facing particular trouble here. In a fast-food, joint team members operate in a very tight space, close together. This is by design to ensure that food can be transferred as quickly as possible to customers and remains hot by the time it reaches them. It’s also how companies keep prep times so low. However, when you’re looking at a highly infectious virus it’s one of the worst environments and situations imaginable.
Of course, if your team is more at risk, then you might be dealing with a higher number of sick days. A temp labour agency can help here and ensure that your business is not left without crucial workers.
What Changes Do You Need To Make?
It’s likely that your business will need to make changes to the model that you currently use. The changes in question could vary dramatically. For instance, you might need to consider whether it would be best if most of your team members started to work from home and whether this is even possible. You might also want to think about if you need to reduce your number of workers to ensure that social distancing regulations can be applied. It’s also possible that you will need to scale back the numbers of people you let into your business. Cinemas are already talking about reopening at 50% capacity and they certainly won’t be alone here.
Are You Prepared For A Second Wave?
Finally, you do need to be thinking about the potential threat of a second wave. While there is a great debate about whether this will occur, experts are already warning that a second wave isn’t just possible it’s highly likely and it could be significantly worse than the first. The reason for this is that it will likely coincide with the flu season and hit through the winter months. As such, businesses need to be prepared. It’s not too late to ensure that you have the right insurance plan in place to help deal with any financial issues caused here. However, you should also think about how you can cut your costs to prepare if your business is hit a second time.
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