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You are here: Home / 2021 / Archives for December 2021

Archives for December 2021

5 Important Reasons for Comparing Life Insurance Quotes – Business

December 31, 2021 by Asif Nazeer Leave a Comment

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In this post, we discuss the importance of comparing life insurance quotes.

RELATED ARTICLE: 5 WAYS OF PLANNING FOR RETIREMENT WHEN STARTING A BUSINESS

Life insurance is a crucial addition to any business owner’s financial portfolio. It offers complete financial security to your family in your absence. As such, it is one of the most important investment decisions if you are a breadwinner.

Even though there are different life insurance plans available, such as endowment plans, one must consider taking a term plan. These low-cost life insurance plans provide expansive coverage to protect your family against life’s uncertainties.

However, when you are looking to buy a term plan, the first thing you need to do is compare life insurance quotes online.

Let us discuss the importance of comparing life insurance quotes when buying a policy.

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Tips for Comparing Life Insurance Quotes

It is easy to calculate life insurance quotes online. However, there are some things you need to keep in mind when comparing and calculating premiums online. Here are some steps to follow:

  • Enter the sum assured you want.
  • Enter the policy duration.
  • Choose the premium payment option. It can be a single payment, monthly, quarterly, or annually.
  • Make a note of the premium amounts offered by different insurers.
  • Compare premiums to make an objective decision based on cost and benefits.

Reasons to Purchase Your Policy Online

Everything these days is available online. When it comes to buying life insurance plans, things are no different. Online transactions give you transparency and complete control over the buying process.

With easy access to the internet, you can enter the websites of life insurance providers with a click of a button. Then, you can simply enter all the details as discussed above and check the life insurance quotes.

All the insurance companies these days have a user-friendly website to help you navigate the page with ease. You even don’t need to invest too much time. The process is relatively straightforward. You can use these websites to check life insurance quotes. You can also plan features and other crucial details. 

Why You Must Compare Life Insurance Quotes Before Investing

  1. Premium rates online are relatively cheaper than their offline counterparts.
  2. Buying a policy online gives you a quick turnaround. Usually, it can take up to three weeks for an insurer to give you policy approval. However, in some cases, the result may be quicker.
  3. There is no paperwork involved when you compare and buy policies online.
  4. Enjoy complete transparency throughout the process.
  5. You may be able to buy the term plan without the need for a medical checkup if you fall within a predetermined age group or for a certain sum assured value.

Why Choose Term Insurance Plans?

Term insurance plans are simple. They are the purest form of life insurance plans. But if you are wondering why you need to invest in them, these reasons below will help you make an informed choice.

  • Term plans are more affordable than any other life insurance plan.
  • You have the flexibility to choose coverage that is most suitable to your income and lifestyle requirements.

You can expand your policy coverage by adding rider benefits, such as critical illness, accidental death, and so on. These riders are available at nominal prices and help provide an added layer of security to your savings

  • You can get discounted premiums if you follow a healthy lifestyle or buy a policy at a young age.
  • It is pure life insurance. This means that all the money you pay toward your premiums accumulates to provide death benefits.

Which Is the Best Term Insurance Plan?

The best way to know about suitable insurance plans is to assess your needs first.

After that, you can do online or offline research to learn about available policies that meet your budget and lifestyle requirements. Most of this information is available online these days, but you can also call the insurance companies to get more guidance.

Finally, it is advisable to make an Excel worksheet with all the details you gather through your research efforts. This will help you see the benefits and cost analysis in an objective way. Once you have all the necessary information, you will be able to make the most prudent investment decision.

This is a tried-and-tested method to calculate life insurance quotes. It is also the easiest.

Make sure you have all the information you need before you finalize a policy. Following a systematic process to compare plans will help you choose the highest sum assured at the most affordable premium option.

Keep all these points in mind when you are looking to buy life insurance.

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The Complete Guide to NRE Recurring Deposit Accounts – Business

December 31, 2021 by Asif Nazeer Leave a Comment

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Featured image by rupixen.com on Unsplash

Moving out of India, whether for business or personal reasons, involves a lot of changes. This includes the way you manage your finances. As a non-resident Indian (NRI), if you want to continue investing back home, you can do that easily with an NRE (Non-Resident External) Recurring Deposit account. Here’s a guide to understanding how an NRE RD works, including NRE recurring deposit interest rates and more.

What Is an NRE Recurring Deposit Account?

While non-resident Indians can bank in India, there are some special rules and regulations in place. Under the Foreign Exchange Management Act (FEMA), non-resident Indians cannot have bank accounts similar to those that resident Indians can have. However, several NRI accounts can meet your investment and savings needs. These include NRE RD accounts. This type of account, maintained in rupees, offers attractive interest rates on maturity.

With this account, you can invest small sums in India every month. A predetermined amount gets added to your deposit every month. It earns the same interest during a specific term.

On maturity, you receive the accrued value of all your installments along with the earned interest. Another significant advantage of investing money in an NRE RD is that the interest you earn is not taxable in India.

What Features Are Important When Choosing a Bank for an NRE RD?

The NRE recurring deposit interest rates and other available benefits can vary from one bank to another. That’s why, before choosing a bank to open an NRE recurring deposit, there are certain features you must consider. For example:

  • Your Funds Should Be Repatriable:
    Your funds, both principal and interest, must be fully and freely repatriable.
  • The Bank Must Offer Ease of Funding:
    You should be able to transfer funds with ease from your NRE savings account every month.
  • Your Funds Should Be Maintained in Indian Rupees:
    Your funds should be maintained in the Indian currency.
  • Interest Should Be Exempt from Tax Deductions:
    The interest your deposits earn should be exempt from tax deductions.
  • The Bank Should Offer Suitable Deposit Tenure:
    You should have the freedom to choose a suitable deposit tenure. For instance, with IndusInd Bank, you can take advantage of competitive NRE recurring deposit interest rates. Terms range from a minimum of one year up to a maximum of ten years.

It is important to note, however, that banks will pay no interest income if you close your NRE deposit account within twelve months.

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How Do You Open an NRE Recurring Deposit Account?

Opening a recurring deposit in India from abroad may sound like a lengthy process. However, nowadays it is easy to do.

For instance, all you need to do is follow a few quick steps to open an NRE RD account. State-of-the-art digital banking features make this possible today. Start by checking the prevailing NRE recurring deposit interest rates. Check also to see if you meet the specified eligibility criteria. Then get your deposit account running.

Once you meet the criteria and understand the paperwork requirements, you can apply online through the bank’s website. Or you can download the deposit opening form.

Fill out the form, upload it along with any relevant documents, and submit it online. Alternatively, mail the completed form to the bank address. If you cannot file the application online or download the necessary form, you can connect with the bank and request help with your application.

RELATED ARTICLE: HOW TO GO INTERNATIONAL WITH YOUR BUSINESS

Conclusion

As you can see, starting an NRE recurring deposit helps you set aside funds every month. This enables you to earn interest without the risk of facing market fluctuations. Moreover, opening an account is a cakewalk. So what are you waiting for? Open your NRE RD today.

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Jury Decides Craig Wright Is Satoshi Nakamoto – Business

December 27, 2021 by Asif Nazeer Leave a Comment

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Featured image by Lukasz Stefanski

It took the jury in a Miami federal courtroom ten days to deliberate and come back with a verdict on what some believe was the trial of the century. This trial pitted Ira Kleiman, estranged brother of late computer forensics expert Dave Kleiman and executor of his estate, against Craig Wright. What was at stake was the ownership of half the original 1.1 million bitcoin.

Kleiman and his team of lawyers attempted to portray Craig Wright as a serial forger, liar, and thief among other less-than-desirable images. The crux of the plaintiff’s case was proving that Dave and Craig had a partnership, either documented or implied. They intended to prove that Dave was Craig’s business partner. Importantly, they wanted to prove that the pair acted together as Satoshi Nakamoto in the creation of bitcoin, including writing the Bitcoin white paper.

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Each Side Presented a Mountain of Evidence

There was an extensive amount of evidence introduced by both sides. Each side presented hundreds of emails, depositions, video, and live testimony by witnesses. Much of the evidence may have been more than the jury could digest. Initially, in fact, the jury expressed an inability to come to a unanimous decision.

At one point, they sent a message to Judge Beth Bloom. Their message read: “Unfortunately, we cannot come to a conclusion and we cannot all agree on a verdict on any of the questions.”

In order to avoid a hung jury and ultimately a mistrial, Judge Bloom had the Allen Charge read to the jury. This is a ruling which was originally established by the Supreme Court in 1896. Its intention is to encourage individual jurors to scrutinize their views more closely and make a further attempt to reach a unanimous opinion.

“The trial has been expensive in time, effort, money, and emotional strain for both plaintiff and defendant,” Judge Bloom stated. “If you fail to agree on a verdict, the case remains open and may have to be tried again,” she continued. “There is no reason to believe either side could try it better or more exhaustively,” Judge Bloom told the jury.

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The Jury Ruled That Craig Wright Is Satoshi Nakamoto

Thereafter, the jury ultimately came back with a verdict. All but one of the 25 jury decisions on the verdict form were in favor of Craig Wright.

The most important of these is the Breach of Partnership for which the jury clearly said Craig was not liable. That pretty much set the stage for the rest of the claims on the form. The fact that they found no partnership between the two men makes Craig the one and only Satoshi Nakamoto. This is something most Australians and those close to him have known for a long time.

Billions Were at Stake in This Trial

The jury did award $100 million to W&K Info Defense Research LLC for conversion. The jury said they believed Craig was liable for this matter. This is not a large sum in comparison to the billions at stake, however.

Unfortunately for Ira Kleiman, that money will likely never see his bank account. This is because there is a pending probate case involving W&K. Additionally, Craig Wright’s ex-wife Lynn owns two-thirds of the company. The probate case should determine if Ira Kleiman controls Dave’s shares as part of the estate.

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What to Learn from Netflix’s Marketing Strategy – Marketing

December 27, 2021 by Asif Nazeer Leave a Comment

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Featured image by tomasi via Pixabay

If you know what Netflix is, do you remember how you learned about it? Was it a friend telling you about it? Or did you learn about it from a social media ad? Whatever channel it was, Netflix is undoubtedly a global leader in strong marketing strategy. It has gained a substantial audience in this pandemic era, as Netflix’s subscriber base surpassed 74 million during this time.

The most magnificent movies on Netflix are ones that people have adored. They have great ratings, high demand in streaming, and are backed with proper subtitles and quality. Not only that, but Netflix’s content library also gets updated every month with new movies and shows. They also have their own production house that produces some of the best features of the 21st century.

You can stream Netflix at a price, but the real takeaway will come from the priceless lessons you can learn from Netflix. There is a lot to learn from Netflix, especially their marketing strategies that win hearts. In this article, we take you through Netflix’s marketing strategies and how effective those strategies have been in producing the customer base it has today.

1. Netflix’s Marketing Strategy Is Customer-Centric

If you think about the biggest asset of a business, it is not the product, the service, or the building. It is the customer base. Netflix takes another step further and becomes completely customer-centric. This helps Netflix know what qualifies as an improvement and what does not.

We have seen Netflix in action on their social channels and how they attempt to serve their audience by listening to them. Back in 2019, they had run a poll on whether Stranger Things should get another season or not. With 80% saying yes, Netflix tweeted an announcement afterward that the new season will now start production.

While many businesses focus on being product-centric, Netflix lets its customers take the wheel.

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2. Netflix’s Multi-Channel Marketing Strategy Connects with Offline and Online Viewers

In simple words, Netflix is everywhere. Not literally, but if you look at its social channels, you’ll see how its team consistently produces great quality and engages proudly with its audience. Social channels like Snapchat, Twitter, Facebook, Instagram, TikTok, and others have Netflix handles and none of them post generic stuff.

If we look at their post, it doesn’t feel like a page publicizing their newest release or feature. It feels more like a person sharing updates and content. Netflix Twitter differs so much from its other handles because different channels call for different strategies.

3. The Company Carries Out E-Mail Marketing at Its Finest

Who said email is dead? Not for many people who still check it. If you do have an email account, we suggest signing up for Netflix newsletters just for laughs. The emails they send out have the best of copywriting.

Each email is witty and is straight to the point. Again, the email doesn’t feel like one from an organization. People love to be talked to and not be sold, so Netflix adapts the language of a human and the e-mail does not have sales jargon or any template-styled text.

Email marketing has great potential to scale the audience and viewers. It is a marketing model that is heavily in demand and is responsible for bringing a great chunk of traffic.

4. Its Personalized Content Hooks the Audience

If you think about it, Netflix isn’t the only streaming giant. There’s also content from services like Hulu, Amazon Prime, Disney Plus, and more. What makes Netflix truly stand out is personalized content.

Those people who spend hours looking for something to watch know what I’m talking about. We don’t like scrolling through genres and subgenres for movies or shows. So, Netflix caters to that by bringing newer recommendation categories like “award-winning,” “tear-jerking,” “critically acclaimed,” “just for you,” and so on.

Netflix simply reduces the search hours, thereby increasing the streaming hours.

5. Netflix Uses Machine Learning for Marketing Purposes

The most important advent of the 21st century is machine learning (ML). ML has progressed to newer advances of automation, and Netflix uses such to personalize your experience. The orders of the show are based on the user’s interaction and activity.

The ML is even designed to change title covers based on the user’s interests. For example, someone who’s a fan of Dwayne Johnson will see a different cover of Red Notice as compared to someone who’s a fan of Ryan Reynolds or Gal Gadot. 

The company’s Vice President Yellin explains the ML integration as follows:

“If you click play nowadays in the streaming world, it tells volumes more information that is a lot less superficial than getting someone’s gender and age. If one version gets more people to watch the show, it may be incorporated across the whole service.”

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Conclusion

Netflix’s marketing strategy just goes to show us the importance of pivoting and adapting to future trends. It also explains why they are and will continue to be the market leaders.

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8 Benefits It Can Bring Your Business – Productivity

December 14, 2021 by Asif Nazeer Leave a Comment

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Featured image by Webentwicklerin on Pixabay

Contract sewing services are offered by companies to other businesses that need sewing work done. Clothing, home textile, and shoe manufacturers look for contract sewers because they require extra hands when their production levels are high.

Contract sewing services can work for large and small companies alike. Large companies tend to have a lot of orders and seek the help of contractors to keep up with customer demand. Small companies may be starting out or expanding their operations and need some assistance for order fulfillment.

Whichever type of company you have, the following benefits of contract sewing services will help your business grow over time.

1. Cost Reduction

When you outsource sewing work to experts, they’ll handle all of the requirements involved. For example, design and production planning, materials acquisition, purchasing and distribution, and oversight of the entire operation. It’s a perfect solution for reducing costs because the company you’ll work with will take care of tasks you may not have enough time or employees for but are necessary for you to earn profits.

However, note that you still need to invest in this service since every contract sewing company has its fee structure and price list. For example, a contract sewing company may charge a base rate plus per piece charges depending on the complexity of the design. Also, the sewing company will charge you if they need to order extra materials for your project.

Another factor you should be aware of is the type of production process. Companies that want their sewing outsourced may choose between two kinds: piece work and job costing system.

  • Piece work is when each seamstress or tailor has to complete an assigned number of pieces to get paid.
  • Job costing system is when the client only pays the sewing company once they reach a specific number of pieces produced (for example, 1,000 pieces).

Unlike the first production process, the second one is more effective since it charges you for efficiency. You can limit your overhead cost by paying for productivity instead of every piece completed. The job costing system also works for small businesses that may not necessarily have to produce thousands of garments.

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2. Time Savings

The outsourcing contract also saves your business time because experts can do the task faster and better than you can. You’ll be able to focus on other matters that’ll help drive your company’s growth, not sewing or cutting garments.

Having a contract with a quality team also frees you from the hassle of dealing with workers. For example, hiring and firing, evaluating their performance, and providing other benefits like health care and paid leaves.

Creating the designs is another thing experts can do for you. They have extensive experience and knowledge about the latest fashion trends. In addition, they can suggest designs you may not have thought of when planning the project. And unlike when you create the designs yourself, which may take a lot of time and effort, they can do it within a specific time frame.

Time saved leads to more significant profits because it allows you to focus on selling more products.

3. Increased Profit Margin

Since you can better utilize your time by letting the contractor handle the manufacturing process for you, you’ll be free to concentrate on growing your business. Undertaking more projects means that you can bring in more revenue, which would increase your company’s bottom line.

What’s more, contract sewing services help reduce production costs and enable you to market your products at a lower price point. For instance, you can offer the same product line in different sizes without increasing the costs for production. Hiring a provider of contract sewing services also makes it easier for you to create new product lines. This is because they’ll be in charge of designing, developing, and producing them.

You’ll pay the expert only when the job is done. This means that if at any time you can no longer afford their services or decide to do the work yourself, you won’t have to worry about receiving unfinished products.

4. Product Quality Assurance

Also, because contract sewing companies are experts in their field, they know how to handle various types of fabrics and materials and how to replicate the design in different sizes.

They’re also familiar with the latest production technology in the industry. This includes new fabric finishes, computerized sewing machines, digital pattern-making systems, and modern cutting equipment. For example, such experts can use computerized pattern-making systems to reduce the number of steps in making patterns, which would result in streamlined manufacturing.

In contrast to letting your workers do all those tasks, the contract sewing service has the expertise and resources to make them happen in no time. Moreover, you know that the company you hire will produce high-quality garments because they only work with reliable and reputable suppliers.

5. Compliance With Standards

Outsourcing lets you ensure that your company abides by international standards in terms of garment production. This is crucial, particularly if you’re a small business owner interested in reaching overseas markets. It also ensures health and safety compliance in the industry. And since a sewing contractor is familiar with those standards, they can quickly produce garments that meet them.

For example, in the garment manufacturing industry, standards regulate their work processes. You have to meet such standards to receive product certifications when selling items in different sectors.

Compared to starting your own manufacturing unit, hiring a contractor will ensure that all legal compliances are being met. In addition, producers need to make sure that all their garments are appropriately labeled to meet country-specific safety and health laws. That task can be handled by the contractor, too.

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6. Faster Delivery

Clients expect their orders to arrive quickly, which is why you need to focus on getting your products manufactured fast. With contract sewing services, your product can go from the concept phase to production more quickly than if the entire process were only done in-house.

Contract sewing also helps you keep up with today’s competitive market. Today, consumers prefer items that aren’t only aesthetically pleasing and convenient to purchase. Many businesses offer their clients various online shopping options so they can get their products quickly and conveniently without having to worry about them being out of stock. By outsourcing your sewing work, you can reduce the time it takes for you to complete an order and improve your delivery times. That’ll be a competitive edge for you in the industry.

7. Increased Savviness in Marketing Products

When you outsource, you also gain access to the contractor’s marketing resources. Many contractors keep up with the latest trends in the industry and know how to best promote your products. They can develop creative marketing campaigns that’ll help increase your brand awareness and product sales. Also, by outsourcing your sewing work, you can have the time to focus on other aspects of your business.

When you outsource your sewing work, you’ll have time to ensure that the company is doing everything it takes to sell its products, including gathering market intelligence and researching new markets. Those pieces of information are crucial in helping your business know what items to produce and where to sell them. You can then allocate more budget toward marketing the items you already have instead of using your funds solely for production.

For example, you can spend more time to promote special sales on social media or make new partnerships with vendors. Doing so would help your business grow because you can widen your client base, which would eventually result in increased sales.

8. Business Continuity

With contract sewing, you can rest assured that your business won’t be disrupted if anything happens to the members of your in-house production team. This is because you’re able to continue meeting your customers’ demands without a hitch.

Contract sewing companies can comfortably accommodate a high workload since they have a large number of employees working for them. That means that if one team member falls ill, there are other workers who can step up to take their place until they recover from their health condition.

This‘ll help ensure that your business won’t suffer due to an unforeseen situation such as equipment breakdown. That way, you can certainly be confident that your business will continue even while you take time off to relax and recharge.

Who Can Benefit from Contract Sewing?

Contract sewing services offer a variety of benefits to any business. However, those benefits will vary depending on the type of industry in question. The different industries that can benefit most from contract sewing include but aren’t limited to:

  • Garment
  • Footwear
  • Household product
  • Personal and home accessory

Conclusion 

You’ll find it hard to grow your business if you don’t take the time to improve its processes. In this case, outsourcing your sewing work is an excellent way to help increase your business’ productivity and reduce costs.

Today’s competitive market demands that businesses invest in products that meet or exceed their clients’ expectations. By outsourcing your sewing work, you can be sure that you’ll be able to deliver a quality end product in a shorter time.

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6 Tips for Choosing an Industrial Blower – Running Your Business

December 14, 2021 by Asif Nazeer Leave a Comment

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Featured image by Crystal Kwok on Unsplash

An industrial blower is a type of mechanical fan used to move gases and particles from one location to another. This equipment uses pressure differentials created by the rotating blades. This causes the gas particles to flow at high speeds.

In choosing the best industrial blower for your particular needs, you need to have a clear understanding of the types of industrial blowers available. It’s also essential to understand that each type has its own set of applications, ratings, and limitations. It is therefore necessary that you first list down the tasks that need to be done. Doing this will make it easier for you to identify the type of industrial blower that best suits your needs.

What Industries Use Industrial Blowers?

A wide range of industries use industrial blowers. They include the following:

Food and Beverage Processing Plants

Here, blowers are used to remove humidity during processing. They also dry packaged foods quickly at the end of the line.

Wastewater Treatment Plants

In wastewater treatment plants, industrial blowers move sludge and scum from one location to another.

Pulp and Paper Mills

In these industries, industrial blowers keep the machines running smoothly by moving air through the system.

Textile Mills

In textile mills, industrial blowers remove excess moisture from the air. They also remove dust and lint from the fabrics.

Paint Booths

In paint booths, industrial blowers exhaust fumes and vapors out of the booth.

Metalworking Industries

In these industries, industrial blowers clean metal parts by blowing off any contaminants that may be present.

Industrial Blowers in the Automotive Industry

In the automotive industry, industrial blowers dry wet air filters after they’re cleaned. They are also used to dry out mufflers before they are placed back on the cars after repairs or during installation.

Other applications include storage tanks where fans remove moisture to increase capacity and reduce corrosion. Additionally, some industries use them on heating devices that use gas combustion to produce heat in furnaces, kilns, and boilers.

To help you choose the right industrial blower for your particular needs, here are some tips you may want to follow.

1. Understand the Classifications of Industrial Air Blowers

In general, industrial blowers are either centrifugal or axial.

Centrifugal Industrial Blower

A centrifugal blower relies on radial impellers to draw air into the center of the unit. Then it discharges it at high speeds through a set of stationary vanes. The amount of airflow determines the speed of rotation. Centrifugal blowers are generally used with high-pressure applications where large volumes of air or gas are required.

Axial Industrial Blower

An axial blower relies on a set of blades that run parallel to the shaft. Lower pressure applications use these blowers, as they can move more air than a centrifugal blower of the same size. However, they do not create as much positive pressure.

2. Know the Different Applications of an Industrial Blower

Filtration

Air filtration is the process of removing impurities from the air. Industrial blowers create a negative pressure within the filter housing, drawing the particles into the filter media, trapping them there.

Dust Collection

Dust collection is the process of removing dust and other small particles from the air. In these applications, industrial blowers create a positive pressure within the dust collector. This draws the particles into the collection media and traps them there.

Fume Extraction

Fume extraction is the process of removing fumes and gases from a work area. Industrial blowers create a negative pressure within the fume hood, drawing the fumes and gases into the hood and capturing them there.

Pneumatic Conveying

Pneumatic conveying is the transporting of materials through the air. In these applications, industrial blowers create a positive pressure within the conveying ductwork. This draws the particles into the conveying line and transport them away. You can see an example of a positive displacement blower at: https://www.nwflowtech.com/products/positive-displacement-blowers/.

Cooling Air for Hot Parts

In these applications, industrial blowers provide pressurized cooling air for hot parts. Usually, the coolant-to-air heat exchanger in these blowers induces the pressurized cooling airflow.

Air Saturation

Air saturation is the process of introducing a gas into the air. Industrial blowers in this application pump pure oxygen or other gases into various workstations or furnaces.

Exhausting Air

Industrial blowers are often used in this application to exhaust air from a work area. The exhaust hood or stack often induces pressurized airflow.

Blow-Off

In this application, industrial blowers vent a high-pressure area to the atmosphere. The pressure relief valve or a clamping ring of a pressurized vessel induces the necessary airflow.

3. Familiarize Yourself with Industrial Blower Ratings

It’s vital to understand how the ratings of these fans before choosing the best industrial blower for your particular needs. There are three standard ratings for industrial blowers.

Dynamic Pressure

This first rating specifies the pressure at which a fan will deliver its rated air volume. It’s typically expressed as “inches of water” or “millimeters of water.” The higher the number, the greater the amount of airflow an industrial blower produces. So, as an example, a fan with a dynamic pressure rating of 50 inches of water will deliver more airflow than a fan with a rating of 25 inches of water.

Static Pressure

This second rating specifies the amount of pressure that a fan can withstand without sustaining damage. It’s also expressed as “inches of water” or “millimeters of water.” The higher the number, the greater the static pressure that a fan can withstand. So, for example, a fan with a rating of 25 inches of water will be able to handle more static pressure than a fan with a rating of 15 inches of water.

Air Volume

This final rating specifies how much air an industrial blower can move. Air volume rating is measured in cubic feet per minute (CFM). The higher the CFM rating, the greater airflow an industrial blower will deliver at its rated pressure. So, for example, a fan with a CFM rating of 500 will deliver more air than a fan with a rating of 300 CFM.

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4. Know What Features to Look For in an Industrial Blower

You should also consider the different features of an industrial blower, as these may affect your work operations.

Horsepower

The higher the horsepower of a blower, the more airflow or air volume it can produce. In this context, you can just use the term “volume,” as there’s no need to mention both airflow and volume.

Size

Industrial blowers are available in many different sizes, from under one inch to over two feet. You can determine the best size for your particular application mainly by the amount of airflow you need the industrial blower to deliver.

Motors

Industrial blowers may have either AC or DC motors. The best choice for your application depends on several factors. These include power needs, cost, voltage required, cooling airflow requirements, availability of power sources, and other environmental conditions.

Maintainability

To maximize the life span of an industrial blower, choose a unit that allows for easy access to critical components. If a fan has service doors or removable side panels, for example, then workers can easily access the internal components and replace them as necessary. This ensures that you can maximize your industrial blower’s operational life.

Price

The price of an industrial blower varies widely depending on its size, power source, number of motors, horsepower required, the amount of airflow it produces, and other factors. Therefore, be sure to consult with a reputable fan specialist for help in choosing the best unit for your needs.

6. Choose an Industrial Blower Manufacturer

When choosing a manufacturer, it’s always best to choose one that others within your industry trust. Moreover, make sure it has a reputation for providing high-quality products. Also, always review their customer service and warranty policies before purchasing. If anything goes wrong with your blower, you should be confident that the company you bought it from will honor the warranty and provide good customer service.

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Now You’re Ready to Install Your Industrial Blower

Once you’ve selected an industrial blower that fits the criteria you’ve set, the final step is installation and maintenance. Industrial blowers should never be installed in a “dead-end” application. There should always be a return line to allow the airflow to pass through the fan and out into the environment. The failure to allow for airflow to return through the fan is what causes most industrial blowers to fail.

It’s also vital to install an appropriate number of air filters on a system you are using for dust containment, fume extraction, or pneumatic conveying. For example, when using a dust containment industrial blower, you should install an air filter upstream of the fan to prevent dust from entering the fan and damaging it.

Follow These Tips to Choose the Industrial Blower You Need

Choosing the right industrial blower can seem daunting, but if you follow the tips above, you should be able to find the perfect blower that meets your specific needs. Ultimately, make sure to consult with a reputable industrial blower specialist before making your purchase to ensure you get the best possible advice.

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Everything You Need to Know – Business

December 8, 2021 by Asif Nazeer Leave a Comment

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Featured image by Noah Buscher on Unsplash

Are you an airline, hotel, or tourism-related company manager or entrepreneur? If “yes,” one of the areas that you need to have a lot of focus on is sustainability.

Sure, you might have already started on your report, but perhaps it is time to rethink the process. ESG sustainability reporting is the practice of disclosing a company’s information about its sustainability in the areas of environment, social, and governance.

Most governments and regulatory authorities have already adopted this process, and it is expected to become the norm. For example, the EU’s taxonomy for sustainable activities is extensive. It is aimed at ensuring that companies engrain sustainability into their operations.

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So, what can businesses in the hospitality industry do to operate in line with ESG reporting requirements? Here is everything you need to know:

Understand the Process of ESG Sustainability Reporting

ESG sustainability reporting is the process of revealing to stakeholders what your company is doing to stay sustainable.

Although the core target is the report, you should direct the bulk of the work toward creating structures that incorporate sustainability into company operations. The process of ESG sustainability reporting involves the following steps:

  • Company assessment to identify opportunities and risks.
  • Materiality assessment to identify reporting topics.
  • Crafting strategies and action plans for the reporting process.
  • Data gathering and analysis. (Make this an ongoing process.)
  • Report generation and publishing.

Internalize the Principles of ESG Sustainability Reporting

To correctly follow the process of ESG reporting, you also need to understand the main principles that guide it. The most notable of these principles is accuracy. This principle aims to ensure that the information presented in the sustainability report is accurate. This is because only in this way can stakeholders can make the right decisions. Other ESG reporting principles include:

  • Materiality.
  • Verifiability.
  • Continuity.
  • Clarity.

Understand the Challenges of ESG Reporting

In most cases, new managers and entrepreneurs say that ESG reporting is difficult. This is probably because the process is complex and companies need to report on multiple variables.

For example, you might want to focus on supporting wildlife habitat protection, sourcing locally grown food, and recycling wastes. When these are combined with finance-related data, however, the results can become unmanageable. Complexity is one of the main reasons why you should identify a good ESG reporting framework and software.

Top-rated software on the market today can help you to automate data-gathering, analysis, and report generation. You might also want to work with an ESG sustainability reporting expert for further assistance.

Make the Process About the Target Stakeholders

Once you have gathered the data from your company’s selected sustainability activities, the final stage is generating a report. It is important that your stakeholders be able to read about and understand the company’s efforts. Therefore, you should make the process about the stakeholders from the start. Additionally, be clear about whom you are writing your report to. For example, are you targeting investors or consumers with your reports?

Image by Gerd Altman on Pixabay

You should also consider bringing the stakeholders onboard during the materiality assessment. Begin by asking them about the things they want the business to focus on. Because they will feel included in the process, the final version of the report could compel them to want to be more closely associated with the company. Alternatively, if you are targeting customers, they could become the ambassadors you need to drive more sales and build a stronger brand image.

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Regardless of your approach, you should execute your efforts in line with ESG sustainability reporting standards for your enterprise and your industry. Remember also that activities you undertake in one reporting session should form the basis for the next reporting period. To get assistance with the best ESG sustainability reporting software and technical guidance, visit Diginex.com.

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Why Agents Choose Dorrmat for Seller Lead Generation – Real Estate

December 5, 2021 by Asif Nazeer Leave a Comment

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Featured image by RODNAE Productions from Pexels

Dorrmat is a market leader when it comes to providing high-quality real estate leads to its registered agents. In this post we cover the benefits offered by the Dorrmat platform.

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The need to generate real estate leads is the prime focus of all real estate agents. Agents usually adopt a wide range of strategies to achieve results and find new leads. These strategies can include, for example, utilizing social media as well as revamping time-tested real estate marketing strategies.

Additionally, one of the most popular lead generation strategies most agents use is to obtain leads from online platforms. There are multiple platforms out there that provide leads of buyers and sellers for a nominal fee. Dorrmat is one of the market leaders when it comes to providing high-quality real estate leads to its registered agents. In this post we cover both the advantages of such a platform and specifically the benefits offered by the Dorrmat platform.

What Are the Benefits of Using an Online Real Estate Lead Generation Platform?

How Does a Lead Generation Company Work?

A real estate agent lead generation company like Dorrmat works on the simple premise of bringing together real estate agents with home sellers and buyers. The company thereby acts as an intermediary, providing home sellers with the information about a real estate professional in their area.

For the agent, a platform like Dorrmat utilizes technology with local listings according to the availability in your area.

What Are the Key Benefits of Working with Real Estate Platforms?

A Platform Like Dorrmat Will Save You Time

For a real estate agent, it is essential that your efforts in lead generation enable you to acquire leads quickly. A platform like Dorrmat will ensure that you gain leads in a short time. This will therefore provide you with more opportunities to focus on acquiring the new listings.

You Will Expand Your Real Estate Business

There are multiple ways to generate leads. However, a lead generation company will help you grow your real estate business because of the sheer number of seller leads it will provide. Basically, your business growth depends on the number of homes you are selling. Therefore, the number of leads you gather directly affects how quickly you can expand your real estate business.

You Can Find Potential Clients Even in Slow Periods

There are fluctuations in real estate lead generation. So your normal methods may not be working due to local real estate market conditions. Platforms like Dorrmat can be a major help in such scenarios. This is because an agent can keep their real estate lead generation numbers up by choosing to register for such a service.

Why Real Estate Agents Choose Dorrmat For Home Seller Leads

Obtain Quality Home Seller Leads

Dorrmat has made a name for itself in the Arizona real estate market. Years of experience and the trust it has gained among homeowners have made it possible for Dorrmat to provide a large number of leads to its registered agents.

As a registered agent with Dorrmat, you will get leads from Arizona home sellers who are looking to sell their homes in booming real estate markets such as Tempe, Tucson, or Phoenix. Dorrmat brings together the best of technology with the in-depth understanding and experience of an agent who has almost two decades of real estate experience to provide qualified real estate leads to its agents.

Dorrmat Provides a Transparent System

As Dorrmat was established by real estate agents for the benefit of other agents and homeowners, its system is transparent and simple. Agents have a complete view and control of their property leads. Moreover, they have a wide range of tools available to maximize their client reach. This ensures their pipeline of leads never goes dry.

Similarly, for property owners, the simple system ensures that they are able to find the best real estate professionals in their area when they are considering selling their homes.

You Will Get a Branded Landing Page

The fundamental need in real estate lead generation is visibility. This means that agents need to ensure that prospective clients are able to take advantage of their services. When an agent walks into a listing appointment, there is a necessity to walk out with the contract signed, for which he needs a tool that can convert the lead into a client.

Dorrmat provides you with an individual and customizable branded landing page. On this page, you can describe your services, your recent sales, and your customer reviews. You can utilize this landing page to market your services and also convince your leads about your successes.

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Dorrmat Provides Customer Relationship Management Software

A crucial requirement for agents is having customer relationship management (CRM) software. Dorrmat provides you with a robust CRM with backend modification features. Basically, CRM tool provides you with extensive features to manage all of your clients.

For example, with a CRM tool, you will be able to add new leads and scheduling appointments. Plus, you can set reminders and track all of your current clients and prospective leads.

You Can Add Vendors to Your Database

Real estate agents are expected to provide a wide range of services to their clients. One of these is to suggest businesses that provide services related to real estate. For example, these are vendors who can provide lending services, home staging services, or even legal help.

Dorrmat makes it easy for you to directly add your vendors to your profile. Then, when you go to meet home sellers, this can be an added facility that you can provide them.

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Summary

Agents who are looking for quality leads will be making the best decision of their careers as real estate agents when they register on the Dorrmat platform. Dorrmat will provide them with a steady supply of seller leads. Additionally, real estate professionals will gain the benefits of both quality home seller leads and a wide range of additional features.

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What Are Accounts Payable? Does Your Business Need Them? – Business

December 1, 2021 by Asif Nazeer Leave a Comment

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Well-managed accounts payable can keep you from having to borrow money during leaner times, even if you find it necessary to scale up production. Read on to find out more.

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As the famous adage says, you must spend money to make money. Likewise, companies must have enough cash to conduct business and stay afloat. For this reason, purchasing of supplies is a constant in the normal course of business. This translates to inputs that generate revenues and sustain operations.

But there are times when you have to scale up production to keep up with market demand. As such, the resources you have available may not always suffice your business needs. This is where accounts payable can save the day, allowing you to avoid the hassle of borrowing money to pay for the supplies your business requires.

With that in mind, we will discuss how accounts payable function for your business. We will also take a look at some of the industries that most rely on accounts payable.

Accounts Payable in a Nutshell

Accounts payable is a business term that refers to liability to one or more creditors. An account payable is recorded upon receiving goods or services on credit terms. In short, it is an amount your business owes to the suppliers of goods and services your company needs for production.

These are part of current liabilities or those paid within the year. Often, they do not bear interest since these are not debt by nature. Nonetheless, creditors may still add interest, depending on the credit agreement.

While they are a liability, people tend to treat accounts payable as an expense. In reality, they are a credit entry in the trial balance that gets debited once paid. For example, let’s suppose you pay for your purchased goods of S$500 on a credit term. This is how you will record it: You will debit Accounts Payable S$500 and credit Cash S$500.

Meanwhile, they can help you maintain your working capital for a short period. You may delay paying them to maintain the current amount of your cash on hand. They can also help with liquidity for a short period because you will maintain a larger cash balance. But once you record accounts payable, that status will change. This is because your liquidity ratio depends on your current assets and current liabilities.

https://www.youtube.com/watch?v=LpAe_jJUl50

How These Accounts Work Across Different Industries

Your cash on hand is not always enough to cover your payment for materials and supplies. As such, it is no wonder that accounts payable are a fundamental part of a company’s core operations. They ensure that you have enough cash and materials for your day-to-day activities. This is even more important when you have to increase your production.

You can incur accounts payable through agreements with your suppliers. But a more efficient way today is through your corporate or business credit card. Let’s say you run out of materials for your product. Your first impulse is to run to the nearest store or supplier to buy what you need and continue the process.

With a credit agreement or corporate card, you can get the materials as soon as you need them. With that, accounts payable works best with companies in the commercial sector. This is a collective term for companies that involve inventories as part of their operations. These can be food companies, pharmaceuticals, sporting goods, and the traditional supply chain.

In short, companies with manufacturing or distribution in their process need accounts payable. Of course, banks and investment companies may also have them, along with inventories as well. Yet, if you compare the amounts, the differences among these industries is noticeable.

We made a tabular example of some public companies in Singapore, classified according to industry. Note that all values are in SGD.

Table from Yahoo Finance

We can infer that the companies that use inventories have more accounts payable. This is logical since these companies need materials to produce their finished products. Obviously, accounts payable are common in industries that turn raw materials into finished products. Most of their orders are in bulk and according to credit agreements with suppliers.

To understand this better, check what a company produces. For example, the two insurance companies have no inventory and no accounts payable. In essence, insurance companies create policies from premiums. They earn from their policyholders and investments. They do not need these credit agreements since premiums do not need raw materials.

Meanwhile, banks earn on loans and investments. They may have accounts payable, but the value is lower compared to most other industries. The trend is different in other industries such as food and chemicals. In general, companies in the commercial sector rely on accounts payable.

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A Deeper Look at Inventories and Credit Agreements with Suppliers

Assessing inventories and the accounts used to pay for them helps a business maintain its financial position. Inventory is part of current assets, even if it is an operating cost in nature. This is because inventories are sources of revenue. As mentioned, these are composed of supplies you sell and replenish. Meanwhile, accounts payable for purchasing inventories is a liability.

Together they can show a company’s financial standing daily. They can show how efficient your business is in managing and selling products. You can track your inventory turnover or how fast inventories generate revenues. Inventories and accounts payable may appear too high compared to revenues at times. When this occurs you may have to take steps to improve efficiency and stimulate revenue growth.

Also, you can check the proportion of your supplies and credit. This is done by comparing the ending value of accounts payable to inventories. Given this, you can ensure that you are earning enough to pay your suppliers on time. You will know which suppliers may extend credit terms based on your payment standing.

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