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Online PR Service B2Press continues exponential growth in 2022

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B2Press increased its business volume by 104 percent and its turnover by 163 percent by serving more than 450 brands in 2022. Thanks to this, the company’s revenues exceeded 1 million euros.

The spread of mobile devices, smart technologies, and the rise of the internet and social media use has made it unavoidable for companies to invest in online visibility. The influence of content accessed from digital platforms in purchasing decisions led companies to online PR activities.

Proving the success of its ‘pay as you go’ model, Online PR Distribution Service B2Press announced another record year in 2022, achieving a turnover exceeding €1 million with a y-o-y increase of 163% and boosting the volume of business handled by 104%.

Offering PR solutions based on a service model in which no fixed monthly fees and no long-term contract is necessary, B2Press achieved such volumes through its global press release distribution business, which showed a massive 280% y-o-y increase, resulting in almost half of its revenues being generated internationally.

“Winning today’s race while running tomorrow’s”

B2Press Managing Partner Ediz Tokabaş commented, “Our 2022 results exceeded our expectations. Our brand awareness has grown organically without our having to make a significant investment in media buying. Our biggest successes were developing new strategies for efficiently managing our rapidly increasing business flows and effectively commercializing our B2Press brand.

We are trying to win today’s race while running tomorrow’s. In 2023, we want to build on our success by introducing new products, such as a new live content management system. We will continue to expand our agreements with important media groups, especially in Europe. And we want to continue diversifying our revenue streams with value-added products like our new digital content service B2Press Plus.”

B2Press Managing Partner, Ediz Tokabas
B2Press Managing Partner, Ediz Tokabas

Responding to client requests for customized digital content, B2Press Plus was launched to service leading cyber security, enterprise software companies, and other similar providers in the digital ecosystem to support their requirements for producing technical documents like white papers, website content, blog posts, and offering competitor benchmarking and market research including trend analysis.

Press release distribution grew by 62% and special features by 375%

Press release distributions by B2Press in different countries around the world increased by 62% on the previous year, while each press release turned out to have an average of 103 media coverages. The special features and interviews published across different media outlets grew by 375% in 2022.

Collaborating with 55 different news agencies and media databases in 2022, B2Press distributed press releases in 25 languages globally. The main regions where B2Press distributed press releases the most were Dubai/UAE, Europe, United Kingdom and the United States, respectively, with 4th quarter sales evidence of remarkable growth in these new focus markets.

B2Press continues to drive forward into new markets with distribution requests handled from locations as diverse as Spain, Poland, Brazil, Malaysia, and Indonesia in 2022.

Online PR for dozens of brands from various sectors

Founded in 2016, B2Press is a leading press release distribution and online PR service based in the Netherlands. Public relations, communications, and marketing professionals use B2Press to distribute press releases and multimedia. B2Press has grown to become a trusted source for media outlets, journalists, and marketing professionals at over 450 companies operating in high-growth technology and media sectors such as SAP Turkiye, Zer, Philips, VitrA, RE/MAX, Roksit, CoinW, Express VPN, SPARK, The MENA Stevie Awards, and True Global Ventures.

Contact:
Tulay Genc, info@b2press.com, +31 30 799 6022

How to Safeguard Online Banking with a VPN

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Initially, the banking industry used paper currency but has now moved to the internet due to technological advancements. These days, you can access your bank online and do transactions like paying bills, cashing a check, etc. While this brings convenience, it has security issues you should know.

Usually, banks employ sufficient measures to secure their websites and apps. That is why you can easily become a victim of a phishing scam than your banking account getting hacked. Nonetheless, a virtual private network (VPN) will add an extra security layer to protect your online banking. Also, it will help you access your banking account if you have traveled abroad.

Is online banking secure?

Most banks protect their websites with hypertext transfer protocol secure (HTTPS). It uses TLS encryption to prevent third parties like your ISP from interfering with your connection. However, they can still see the website you visit. The padlock icon in your browser’s URL bar shows that your banking website is secured with HTTPS.

Is a VPN necessary for online banking?

VPNs are an imperative tool today. Regarding finance, they are recommended even when you’re using cryptocurrency for online payments, let alone the banking.

A VPN can help protect your internet connection from hackers and ensure that your online activity is private and secure. Additionally, a VPN can also help you access geographically restricted content and websites.

However, it is important to note that using a VPN does not guarantee complete security, so it is still important to be cautious and take other security measures when making online transactions, especially when using cryptocurrency.

So, coming back to our key point, a VPN for bank offers extra protection to your online banking beyond HTTPS. Below are some of the ways a VPN will come in handy.

Prevent DNS poisoning

When visiting a website, you have to type its URL in your browser like https://www.amazon.com/. However, your computer won’t see the URL but the website’s IP address, such as 184.146.149.159.

The internet has a directory known as a domain name system (DNS) that links URLs with IP addresses. Your ISP or network administrator has special DNS servers that handle your DNS requests.

DNS poisoning or spoofing is when a hacker hijacks your DNS request and redirects it to a fake web server instead of your intended destination. As a result, they can access your information, including your login credentials.

Usually, DNS poisoning occurs on networks that lack TLS encryption. Unfortunately, most public Wi-Fi hotspots have poor security, which is why they are easier targets for DNS poisoning.

Therefore, it is good to use a reliable VPN whenever you are on a public Wi-Fi hotspot. It will alter your IP address and encrypt your web traffic, including DNS requests.

Hide your banking website

When using public Wi-Fi, HTTPS will protect your connection from being interfered with but will not prevent third parties from seeing the website you are visiting. In addition, malicious actors will use this information to device lethal phishing scams.

But, a VPN will protect your traffic and route your connection through encrypted servers. So, hackers on the public Wi-Fi will only see the IP address of the VPN server and not yours or the banking website you visit.

Access your banking website or app when abroad

You may be denied access when you try to access your banking website or app while traveling. This is because most banks don’t allow login attempts of IP addresses from other countries.

Thankfully, a VPN will help you to bypass the geo-restrictions and access your banking website or app from anywhere worldwide. You only need to connect to a server in your home country to trick your bank into thinking you are within the country.

Note: There are many VPN providers on the market with enticing offers. However, not all of them are reliable. A VPN will replace your ISP and handle your internet connection, which means it can see the websites you visit. Therefore, you should choose a trustworthy provider that observes a strict no-logs policy.

Other ways to protect your online banking

A VPN will help you to do online banking securely. However, there are specific measures you can take to add more protection to your online banking.

Strong passwords

A password helps to prevent unauthorized access to your online accounts. So, you should use a solid and unique password to make it difficult for hackers to access your bank account. A strong password should include letters, special symbols, and numbers. Also, you can use a paraphrase with four or five words, which is more difficult to crack.

Password manager

Usually, you have to memorize your passwords, which can be challenging, especially if you have several online accounts. However, a password manager will help protect your passwords and generate more complex ones. Fortunately, many password managers come with an autofill feature, making it more convenient to access your online accounts.

Two/Multi-factor authentication

Two/Multi-factor authentication (2FA/MFA) brings an extra protection layer to your banking accounts in the form of a one-time passcode, fingerprint, or facial recognition. So, if a hacker manages to get your login credentials, they cannot access your banking account without the second verification.

Type in the website’s URL

This is a subtle but effective trick. Hackers are getting sophisticated and even hiding malicious URLs in hyperlinks, making it difficult to know if you are accessing a fake website. Remember that a VPN or TLS encryption cannot protect you if you open a phishing site. Typing your bank’s website manually is the best way to avoid falling into this risk.

Can I use a free VPN for online banking?

No, we would not recommend it for various reasons. First, most free VPNs don’t have the resources to employ sufficient security measures. As a result, hackers can intercept your connections when doing online banking.

Furthermore, some free VPN providers will collect your data and sell it to third parties, including your banking information. Also, most will restrict your speed, bandwidth, and server access.

Therefore, if you are on a budget, choose affordable premium VPNs like Surfshark. Alternatively, you can go for freemium options like ProtonVPN.

What to Do if you Suffer an Injury in the Workplace

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Employers have a legal obligation to mitigate risks and prevent accidents, but work-related injuries are still far too common. According to statistics reported to the Health and Safety Executive (HSE) by employers, people in the UK sustained 61,713 non-fatal workplace injuries between 2021 and 2022, along with 123 fatal injuries. While this is significant, it is only a fraction of the 565,000 injuries self-reported by workers. There are many reasons why these numbers differ so greatly, but one important takeaway from this data is that many people who sustain an injury in the workplace do not report this to their employer and are not counted in official figures.

There are several steps you should take if you are involved in an accident, as we have detailed below. While the easiest thing may be to put the incident behind you, especially if you do not think that you have been seriously injured, this is rarely the best course of action. At the very least, you should inform your employer about the accident and have it recorded in an accident book. Employers must report some accident statistics under the Reporting of Injuries, Diseases and Dangerous Occurrences Regulations 2013, but this relies on information from employees – this is one reason that self-reported injuries far outnumber those reported by employers.

By following the appropriate procedures after an accident, you can reduce the risk of your injuries getting worse, prevent future accidents and potentially claim compensation that will help you during your recovery and cover any costs associated with your injury. Here, the personal injury experts at Clough & Willis explain what you should do if you suffer an injury at work, and the steps that both you and your employer should take to mitigate the risk of accidents.

What are the most common types of workplace accidents?

Many people who experience an accident in their workplace do not realise that it may have been the fault of their employer – in fact, they may not be aware that the incident would be treated as an accident in the eyes of the law. In other cases, people do not realise that they have suffered an injury following an accident at work because symptoms do not emerge until later. For these reasons, it is important to understand the most common causes of workplace injuries and the responsibilities that both employers and employees have when an accident happens.

HSE’s 2022 data shows that slips, trips and falls were the most common accidents last year, followed by lifting or carrying, and being struck by a moving object or vehicle. HSE’s health and safety guidance is designed to prevent all of these types of accidents: it requires wet floor signs to highlight any heightened risk of slipping, training for any employees whose responsibilities include heavy lifting, and a large number of regulations in areas where vehicles and pedestrians might interact.

Is there a procedure I should follow if I am injured at work?

The most important first step to take if you are injured at work is to seek medical treatment. Even if you do not feel like you have sustained a serious injury, it is important to have a medical professional examine you and ensure that there are no unseen injuries that could develop into something more serious later on. In some cases, you may need to go to the hospital, and you should have someone you trust follow the procedures below. Otherwise, if you are healthy enough, you can do this yourself.

Once you have sought medical treatment, you should immediately report the accident. This will not only make statistics more accurate and help to highlight risks in a way that might prevent future accidents; it can also help to ensure that the incident is investigated properly and provide evidence that you might rely on if you are eligible to make a claim for compensation.

You should collect as much information and evidence as you can about the circumstances of the incident and the events that led up to it, whether you think you will need it or not. This might mean taking photographs of the site of your injury and any factors that contributed to the accident or your injury – improperly or insecurely stored objects, for example. Take the details of any witnesses to the event, as it may help you if they can provide statements later.

How will I know if a workplace accident was my fault or my employer’s?

Your employer has a responsibility to carry out risk assessments, provide training and implement effective health and safety procedures to identify and mitigate the most likely causes of accidents. If your accident happened because you were told to use equipment that you were not trained to use safely, or because a preventable risk was not identified or addressed properly, your employer may be found liable for your injury. This is important, not only because it will enable you to claim compensation, but because it will hold your employer accountable for their health and safety failure. By taking action against them, you may be able to prevent further accidents of the same nature from happening in the future.

There are several advantages to claiming compensation: you have a legal right to do so, meaning that your employer cannot take any action against you or penalise you for making a claim. Further, you may be able to claim on a no win, no fee basis, where legal fees are taken from your compensation and there is nothing to pay if you lose the case, meaning that there is no financial risk to you.

Recovering from an injury can require physiotherapy, time off work to heal, private medical treatment, support from family members and friends, or all of the above. You may lose earnings by taking time off work, and incur the costs of transport to medical appointments or private medical bills, all of which can lead to financial losses. Compensation will account for these costs, along with any pain and suffering you experienced as a result of your accident, so it can prevent you from losing money as a result of your injury.

By following the procedures above, you can ensure that your accident is reported correctly, that your employer takes responsibility for mitigating risk and preventing future accidents, and that you have the time and space you need to fully recover from any injuries you sustained.

Collaborated with Chris Macwilliam, Partner and Head of Personal Injury, Clough & Willis Solicitors.

WHAT KIND OF RESPONSE TIME WILL PEOPLE EXPECT WHEN REACHING OUT TO YOUR CUSTOMER SERVICE TEAM?

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In today’s fast-paced world, people expect their queries, enquiries and complaints to be answered fast. In fact, according to Statista, customer service expectations are growing year-on-year, with people now expecting faster turnaround than they did in 2018.

As 94% of people say that customer service experiences can convince them to buy a product again, it’s essential that a company focuses closely on delivering outstanding customer service at all times.

Obviously, meeting customer expectations regarding response times can be a difficult challenge, especially as those expectations increase.

The good news is, despite these challenges it is still possible to meet these expectations.

WHY IS SPEED SO CRUCIAL WHEN IT COMES TO CUSTOMER SERVICE

Customers value customer service very highly. In fact, 96% of customers say good customer service would inspire them to remain loyal to a brand.

Many customers expect answers to their queries immediately or at least within 10 minutes. If you can’t meet these expectations, they will begin to check out your competitors to find those that can.

HOW TO REDUCE RESPONSE TIMES IN YOUR CUSTOMER SERVICE DEPARTMENT

The good news is, there are ways to improve your customer response times without spending loads of money or making enormous changes to your company. Here are some of them.

Check your current response times

You can’t check how fast your customer service responses have become in the future if you don’t know what speed they are now.

To work out your average first response time, simply add up all your first response times for a set period and then divide this number by how many resolved tickets you achieved in this time.

Once you have this figure, you can start to plan your improvements. As you implement these, you can measure their success rate against your original response rate.

Respond to let them know you received their enquiry

An immediate automated email or message to let your customer know their enquiry has been received and is being dealt with can help them to feel reassured. If you can give an estimate as to when this enquiry is likely to be dealt with, this will help even more.

Invest in technology.

Trying to answer every email or social media message manually can be a massive task. Unless you have a huge customer service team who are all incredibly well-trained, you will never manage to answer queries quickly and efficiently.

Try investing in a unified communications system, as this will help you stay organised and increase your speed. It will also enable you to talk to your customers on multiple platforms at any given time.

As all your communications software can be found in one place, there is no time lost searching for the relevant app, platform or channel. This speeds things up considerably too. Use business mobile telephony to assist with communications and responses too.

Devise scripts and templates

Find out what questions your customer service department gets asked the most, then create scripts and templates that will deal with these issues, leaving blank spaces within them so customer details can be filled in either manually or via software automation.

For live support, like telephone helplines, have your teamwork from scripts designed to answer frequently asked questions when relevant.

By using scripts and templates, your team doesn’t have to continuously type up similar responses time and time again.

Dr. Schär” ‐ the world’s leading nutrition and gluten-free brand ‐ appoints new CEO as it seeks to accelerate its global expansion

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‘Dr. Schär’, the special nutrition and gluten-free global leader has appointed Hannes Berger as their new CEO, tasking him with accelerating the expansion of the business globally.

 The former CEO, Philipp Schoeller, has resigned from his position as CEO at his own request at the end of 2022. Mr. Schoeller had taken on the role in 2020.

 Philipp Schoeller: “I am grateful to Ulrich Ladurner, President of Dr. Schär, for the trust in me and now the support for my decision. I would especially like to thank my colleagues at Dr. Schär, with whom I worked closely and in a spirit of trust. We can all be proud of the new growth we have created together and the success in strengthening the Schär brand. With great enthusiasm and passion, I have led our global business as the market leader for gluten-free nutrition.”

Ulrich Ladurner, has commented: “I would like to thank Philipp Schoeller for the successful collaboration – his outstanding achievements and his dedicated work. He has kept Dr. Schär going in these difficult times, strengthened our global presence and boosted innovation. I hold Mr. Schoeller in high esteem, regret his departure and wish him all the best and continued success in his future career and life. With the departure of Philipp Schoeller, we want to continue the path we have taken with someone at the top who has known the company well for almost two decades and decisively shaped it in a leading position during this time. We are pleased that Hannes Berger will take over the CEO role at Dr. Schär and we are sure that the company will be in excellent and experienced hands.” 

Hannes Berger has held key positions in the company for almost two decades and is a member if the Board of Directors since its establishment. In the past five years he has been focused on the development of the overseas markets as CEO and President of North America and then expanding his responsibilities also to Latin America, UK and Ireland. Under his leadership, US sales have more than doubled to become one of the Company’s key markets supported by continuous investment in the expansion of the local production sites.

Dr. Schär will be exceeding 500 million euros in revenues this year and wants to further accelerate the business by expanding into new geographies and into new nutritional categories. Hannes Berger has commented on the new role: “I would like to thank Ulrich Ladurner for the trust he has placed in me and look forward to working with the entire team to achieve the ambitious goals we have set ourselves.”

Best Things to do When in Bucharest

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Bucharest, the capital of Romania, is a city rich in history and culture. With a mix of medieval architecture, Soviet-era buildings and a vibrant nightlife, Bucharest offers something for everyone. In this article, we will discuss some of the best things to do while in Bucharest, including options for accommodation.

Explore Old Town Bucharest

Old Town Bucharest, also known as Lipscani, is a must-see for any tourist visiting the city. The area is known for its medieval architecture, including the Stavropoleos Church, which dates back to the 18th century. Visitors can also explore the Old Princely Court, which dates back to the 15th century, and is considered to be the birthplace of Bucharest. The area is also home to a variety of bars, restaurants, and shops, making it the perfect place to spend an evening.

Visit The Palace Of Parliament

The Palace of Parliament is the second-largest administrative building in the world, after the Pentagon in the United States. It was built during the Communist era and is an architectural masterpiece. Visitors can take a tour of the palace to learn about its history and see the impressive halls, chambers, and galleries. The palace also houses the National Museum of Contemporary Art, which is worth a visit.

Take A Stroll In Herastrau Park

Herastrau Park is the largest park in Bucharest and is a great place to spend a relaxing afternoon. The park is home to a variety of trees and plants, as well as several lakes and a large playground. Visitors can also explore the Bucharest Village Museum, which is located within the park. The museum offers a glimpse into the traditional way of life in Romania.

Enjoy The Nightlife In Bucharest

Bucharest is known for its vibrant nightlife, and there are plenty of options for those looking to party. The city is home to a variety of clubs, bars, and pubs, many of which are located in the Lipscani area. Visitors can also enjoy live music performances and traditional Romanian dancing.

Accommodation In Bucharest

Bucharest offers a variety of options for accommodation, including hotels, hostels, and vacation rentals. For those looking for luxury lodging in Bucharest, there are several high-end hotels in the city, such as the InterContinental Bucharest and the Radisson Blu Hotel.

There are also plenty of budget-friendly options, such as hostels and vacation rentals, which can be found in Old Town Bucharest and other areas of the city. Visitors can also find a good number of vacation rentals and apartments on websites like Airbnb.

Where To Stay In Bucharest

When it comes to choosing where to stay in Bucharest, there are a few areas that stand out as particularly good options.

Old Town Bucharest, also known as Lipscani, is a great area for visitors looking to be in the heart of the action. The area is home to a variety of bars, restaurants, and shops, making it the perfect place to spend an evening. Accommodation in Lipscani range from budget-friendly hostels to high-end hotels and vacation rentals.

Another great area to stay in Bucharest is the Centrul Vechi Area, also known as the Old Center. This area is home to many of Bucharest’s most famous landmarks, including the Palace of Parliament, the Old Princely Court, and Stavropoleos Church. Accommodation options in this area range from luxury hotels to budget-friendly hostels and vacation rentals.

The Herastrau area is a great option for visitors looking for a more upscale experience. This upscale neighborhood is home to the Herastrau Park, the largest park in Bucharest, and the Bucharest Village Museum, which offers a glimpse into the traditional way of life in Romania. Accommodation in this area is mostly luxury hotels and vacation rentals.

Finally, the University area is a great option for budget-conscious travelers. This area is home to many budget-friendly hostels and vacation rentals and is well-connected to the rest of the city via public transportation.

Ultimately, the best area to stay Bucharest will depend on your specific needs and preferences. Whether you’re looking for luxury, history, or budget-friendly accommodation, Bucharest has something to offer everyone.

Bucharest is a city that offers something for everyone. From exploring Old Town Bucharest and visiting the Palace of Parliament to taking a stroll in Herastrau Park and enjoying the nightlife, there are plenty of things to do in Bucharest. The city also offers a variety of options for accommodation, from luxury hotels to budget-friendly hostels and vacation rentals. By taking the time to explore what Bucharest has to offer, visitors can experience the history, culture, and vibrant atmosphere of the city.

Forex Trading in India: Challenges and Benefits

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Forex trading in India can be challenging due to regulations that restrict the ability of Indian citizens to trade currencies. The Reserve Bank of India (RBI) has placed limits on the amount of currency that can be traded and has also made it illegal for Indian citizens to trade in certain currency pairs. However, despite these challenges, there are also benefits to forex trading in India. For example, the Indian rupee is relatively stable compared to other emerging market currencies, which can provide a level of safety for traders. Additionally, India has a large and rapidly growing economy, which can provide opportunities for traders to profit from movements in the value of the rupee.

Challenges with Forex Trading in India

Regulations in India

These investments must be governed by organizations like the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). The authorities prohibit a typical online currency approach by the rules stated. You won’t be able to exchange any currency you choose at any time, so this is what it means. Trading is allowed as long as INR is used as the base currency and choosing forex brokers in India that are regulated by the governing body.

Trading electronically or online with foreign countries is illegal. However, it is advised to refrain from using these techniques and to keep trading to the above-mentioned authorities-regulated trading process.

The forex trades permitted in India include those involving currency pairs like the US dollar and INR, the euro and INR, and the pound sterling and INR.

Education Regarding Trading

Lack of education is a common problem faced by beginners in the forex market. Forex trading can be complex and requires a certain level of understanding of the market and the various factors that influence currency values. Without proper education and training, beginners may struggle to understand the market and make informed trading decisions. This can lead to poor performance and financial losses. It’s important for beginners to do their own research, read books, learn the importance of forex signal providers and take courses or seek mentorship from experts to gain the knowledge and skills needed to succeed in the forex market. The best forex brokers in India always encourage education about trading before getting in too deep.

Limited Market Access for Indian Traders

Limited market access is one of India’s main challenges forex traders face. The Indian government has certain restrictions on the amount of currency that can be traded within the country and the amount of currency that can be taken out of the country. These restrictions can limit the opportunities for Indian traders and make it difficult for them to participate in the global currency market.

One of the main restrictions is the limit on the amount of currency that can be traded within the country. The Reserve Bank of India (RBI) has set a limit on the amount of foreign exchange that individuals and businesses can purchase. This limit is intended to prevent speculation and protect the Indian rupee, but it can also limit the opportunities for Indian traders.

Another restriction is the limit on the amount of currency that can be taken out of the country. The Indian government has strict rules on the amount of foreign exchange that can be taken out of the country for personal or business use. These rules can make it difficult for Indian traders to participate in the global currency market and can also limit their ability to make profits.

Rewards Offered by Forex Market in India

High Returns while Trading

Despite these difficulties, the best forex broker in India still offers many benefits. The potential for high returns offered by the best forex broker in India is one of the main benefits. With the appropriate information and abilities, investors can profit significantly from the highly liquid forex market.

The Flexibility of the Forex Market

The adaptability of the forex market is another benefit. For those who are unable to commit to conventional forms of investment, forex trading is a fantastic option because it can be done from any location at any time. The forex market is accessible to traders seven days a week, 24 hours a day, allowing them to trade whenever it is most convenient.

Power of Leverage by Forex Brokers

The power of leverage is one of the key features of forex trading. Leverage allows traders to control a large amount of currency with a relatively small amount of capital. This can greatly increase the potential returns on investment and increase the risk of losses.

Conclusion

In conclusion, forex trading in India can be challenging due to the regulations imposed by the Reserve Bank of India (RBI) on the amount of currency that can be traded and certain restrictions on currency pairs that can be traded. However, despite these challenges, there are also benefits to forex trading in India. The Indian rupee is relatively stable compared to other emerging market currencies, which can provide a level of safety for traders. Additionally, India has a large and rapidly growing economy, which can provide opportunities for traders to profit from movements in the value of the rupee.

Mike Collins Mortgage Expert – Does a bridging loan affect a mortgage application?

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Financial advisor Mike Collins says the best advice he can give is to do your research and get into the best financial position to go ahead with the purchase of your property. Bridging finance could put you at an advantage and help prevent long waits for mortgage approvals or risk losing any deposit you’ve already put down.

To understand whether a bridging loan affects a mortgage application, it’s necessary to first understand what both products are. A bridging loan is very different to a mortgage, with the main reason being the loan duration.

Mortgages can last up to 35 years and have higher value with lower interest rates, whereas a bridging loan is only designed to be a short-term, high interest loan to ‘bridge’ a gap in finance.

Mike says: “In essence, a bridging loan could put you in a better position than other buyers in making your dream home yours, even though you’ve not sold your old house yet. 

“There are a few considerations regarding both including credit scores, interest rates and more, so hopefully this article will prove helpful for those attempting to buy a new property.” 

How does a bridge loan work? 

The point of a bridging loan is to mend a temporary gap in finance. It could be a first or second charge on your property.

First charge: The bridging loan is the main loan on your house e.g., if you own your home outright and need the loan for renovation works. This would be a first charge on your home.

Second charge: If you already have a mortgage on your home, that would be the first charge. A bridging loan would be the second – and that is the order that creditors would be repaid if you failed to keep your monthly repayments up.

Credit scores

If you have a bridging loan, it won’t necessarily affect a mortgage application, but you should consider your credit score in terms of this.

It may be that you’ve been turned down for a mortgage because you have bad credit or poor income. A bridge loan can help you buy your dream property before another buyer comes along in a better situation. This is why an exit strategy is essential, for example, switching from a bridge loan to a mortgage when you’re eligible.

But does a bridging loan affect your credit score? Well, that depends entirely on your lender. Some may choose to only look at your overall credit rating on your file before deciding whether to hand over the cash.

There are a number of loan companies and lenders that specialise in bridge loans for bad credit. 

Interest rates

Interest rates are the highest they’ve been for decades plus you may have to pay admin fees on top.

In this case you’ve got to consider why you need a bridging loan. If it’s to secure your ideal home, then it could certainly be a cost worth paying if it helps you secure it.

But then you should also consider securing debts against your home, meaning there must be an asset to set it against.

Monthly repayments

Unlike bridging loans, mortgages can be taken out on a capital repayment or interest-only basis. Interest-only mortgages are more common for buy-to-let mortgages, with residential mortgages usually being capital repayment. Either way, the interest is paid with regular payments every month. 

Whatever you choose to do to achieve finances to pay for your home, be sure to consult a financial adviser first and check out interest rates. You may find variable rates too risky at the moment.

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How to Prepare for Executive Compensation Negotiations

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Executive compensation negotiations can be a lengthy and complicated process. The key to success lies in proper preparation. 

With the right tools and knowledge, you can ensure that you are well-positioned when the time comes to negotiate your executive compensation package.

What is Executive Compensation?

Executive compensation is an umbrella term that refers to the total package of rewards and benefits provided for top-level executives, often with a focus on high-ranking positions like CEOs. 

It encompasses the direct payment of salary, bonuses, incentives, and stock options or awards. Executive compensation also includes non-cash benefits such as company cars, health insurance, travel allowances, and other perks. 

This form of remuneration is typically much higher than the salaries of lower-level staff members due to the nature and scope of executive duties and responsibilities. 

As such, it is important for organizations to ensure fair and adequate compensation for executive talent to attract and retain needed individuals within their ranks.

Let’s look at some of the steps you need to take before engaging in any executive compensation negotiation. Read on for more information!

Do Your Research

Before getting into the negotiation itself, it is important to do your research. 

This will help you evaluate your worth as an executive and give you a better understanding of what you should be asking for in terms of compensation. 

You will want to research other executives within your industry who have similar roles and responsibilities as yours, as well as those with similar experience levels. Knowing what they are earning can help you determine a fair salary range for yourself. 

Know What You Want

With research in hand, it is time to determine what exactly you want out of your executive compensation package. 

Consider both financial elements, such as salary and bonuses, as well as non-financial elements, like vacation days or flexible work hours. 

Having this list prepared ahead of time will make it easier for you to stay focused during negotiations and be less likely to accept something that does not meet your expectations or needs.

Create a List of Priorities

Once you know what you want from the negotiations, it is essential that you create a list of priorities. 

So that if there is pushback on any particular element, you have options available in terms of which items are most important to compromise on versus which ones should remain firm points in the negotiations. 

This list should also include any non-negotiable items such as personal values or ethical considerations. These must be taken into account when negotiating an executive compensation package.                                              

Be Ready to Negotiate

When negotiating an executive compensation package, it is essential that both parties come prepared with their respective positions, you with yours and the employer with theirs, in order to maximize efficiency throughout the process. 

Being organized from the start helps ensure that no one’s time is wasted during negotiations and allows for more productive discussions about how best to reach a mutually beneficial outcome for both parties involved in the negotiation process.  

Conclusion

Executive compensation negotiations can be tricky, but with proper preparation, they don’t have to be daunting or intimidating, so don’t worry that much.

By taking the steps outlined above, such as doing research, knowing what you want from a compensation package, creating a list of priorities, and being ready to negotiate, you can set yourself up for success before ever stepping foot into the negotiation room.
With these tips from Chauvel & Glatt business law page under your belt, go forth confidently into those negotiations armed with knowledge and confidence.

Important Tips for Commercial Property Management

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Whether you are the owner of a commercial property or a real estate agent that manages an entire portfolio, there are a few things you can do to make sure that your operation runs smoothly. It may seem simple to be a landlord; however, there is a lot of work that goes into maintaining your property and making sure that it is attractive to both existing tenants and prospective renters. Here are some tips for managing commercial properties that can help you to ensure that your assets remain profitable for years to come.

Embrace Preventative Maintenance

Many landlords loathe spending money on maintaining amenities or equipment that are still in good working order, but preventative commercial maintenance can help you save money in the long run. By performing routine inspections and making repairs before they are needed, you can keep expenses low and avoid costly replacements or repairs in the future. A proactive maintenance schedule can also help prevent problems from occurring that could result in injury, property damage, or even liability issues. You should take inventory of all the systems and equipment on your property and use facility management software to keep track of their condition. This software can help you to establish a regular preventative maintenance schedule that keeps everything running efficiently.

Provide Superior Communication

The success of your property management business depends on the satisfaction of your tenants, so providing exceptional customer service should be one of your top priorities. Always have an open line of communication between your tenants and yourself or a customer service team so they can get answers to their questions as quickly as possible. Take the time to get to know your tenants and understand their individual business needs and preferences. Always keep them updated about any upcoming changes to your building or the surrounding area that may affect them. Instead of only providing a phone number, consider different ways of communication such as live chat or instant messaging.

Upgrade Whenever You Can

Refurbishing an older space or upgrading the systems in your building can be expensive, but it may also be necessary to keep the property in top condition and attract more tenants. Inspect your property and plan for upgrades or renovations that will allow you to improve its value over the long term. Renters are always on the lookout for spaces with more amenities and modern features, so investing in improvements such as high-speed Wi-Fi or brand new restrooms can help you to stay competitive. It will also ensure that your property will command a high price if you must sell it in a hurry. A good time to undertake this type of project is just before an existing lease runs out.

Use Property Management Software

It may be easy to manage one or two tenants but imagine running a shopping mall or office block with over a hundred! Property management software is another way that technology can simplify your job as a property manager or owner. Property management software allows you to have a clear view of your tenant relationships, including their leases, contact information, payment information, payment history, and other important details. You can also track things like rent collection and maintenance requests, and set automatic reminders for late rent payments.

Make Data-Driven Decisions

Keeping track of the performance of your properties and using the data to make strategic decisions is an important part of running a property management business. Important metrics that you should monitor include maintenance costs, income generated, and tenant turnover. Regular reporting will enable you to identify emerging trends and identify issues that could end up influencing your property’s profitability. For instance, if you notice tenants are willing to pay more for certain units, you can increase your rent accordingly or upgrade more units to a similar style. Likewise, if you notice that a particular unit has higher maintenance costs than others, you can investigate possible causes and take action.

Be Energy Efficient

Making your property more energy-efficient is not only good for the environment and your bottom line, but it can also make the property more attractive to prospective tenants. You can take steps to reduce the energy use on your properties by replacing inefficient appliances and fixtures, installing programmable thermostats, upgrading lighting, and adding insulation to the doors and windows. Reducing your utility bills will help keep your tenants happy, especially if they are expected to pay a share of the energy costs.

Hire a Good Team

The quality of your staff can have a significant impact on the performance of your rental properties, so be sure to hire competent and reliable people who are invested in providing quality service to your tenants. This includes facility cleaners, maintenance crew, and customer service personnel. Your employees should know how to spot potential problems and take care of any issues quickly and efficiently. Even if you outsource most of your on-ground services, make sure that the team you use is well-trained and fully on board with your company’s policies.

Building a long-term relationship with your tenants is one of the best things you can do for your commercial property. To do this, you must keep them satisfied with both the condition of their space and the service that they receive. The above tips will help you get the most out of your property and maximize its long-term profitability.

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