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The World’s First Trillionaires… REVEALED

In light of reports stating Elon Musk may pull out of the $44bn Twitter deal, new research reveals that Elon Musk is set to be the world’s first trillionaire by 2024.
 
A new study from Approve has predicted the world’s first trillionaires by comparing the annual net worths of the top 30 richest people and their annual growth rate to estimate how soon each of them will reach one trillion dollars.
You can view the full study here: https://www.approve.com/the-trillion-dollar-club/
Potential rank for the world’s first trillionaires:

Rank

Name

Industry

Current age

Average annual net worth growth

Estimated year of trillion dollar valuation

Estimated age at trillion dollar valuation

1

Elon Musk

Automotive & Aerospace

50

129%

2024

52

2

Gautam Adani & Family

Diversified

59

121%

2025

62

3

Zhang Yiming

Technology

38

123%

2026

42

4

Mukesh Ambani

Diversified

64

43%

2029

71

4

Bernard Arnault

Fashion & Retail

72

27%

2029

79

6

Jeff Bezos

Technology

57

24%

2030

65

The world’s richest person, Elon Musk, who could possibly be purchasing Twitter, has an estimated net worth of $263 billion with an average annual net growth of 129%. This means his net worth can potentially hit a trillion dollars in as little as two years, at the age of 52.
Gautam Adani & family own the commodity trading business Adani Group (one of India’s most profitable companies). Adani would be a year behind Musk, reaching trillionaire status in 2025, at the age of 62 at his current rate of 121% growth.
At just 38 years old, Zhang Yiming is the founder and chairman of Beijing ByteDance Technology Co, which is considered to be one of the world’s most valuable start-ups. The business is predicted to make Zhang Yiming a trillionaire in 2026, at the age of 42.
Further Findings
  •  Zhang Yiming is set to be the youngest trillionaire, potentially reaching trillionaire status by 2026 when he is just 42, with a 123% average annual net growth.
  • The technology sector is set to produce the most trillionaires, with six of the top ten trillionaires working in the sector. For example, Amazon’s founder, Jeff Bezos ranks in sixth place, potentially reaching trillionaire status by 2030.
  • Bernard Arnault, chairman, and chief executive of luxury goods company Moët Hennessy Louis Vuitton (LVMH), is the only trillionaire in the top ten from the fashion industry, predicted to reach trillionaire status in 2029.

You can view the full research here: https://www.approve.com/the-trillion-dollar-club/
This press release was sourced from Fay McFarlane of Digitaloft
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10 Surefire Strategies That’ll Help You Create A Profitable Facebook Page

What began as a way for Harvard college students to connect with each other has now grown into one of the world’s biggest social networks and the best marketing resource out of all the other social media platforms.

Facebook currently has over 200 billion active users.

Yes, you read that correctly, 200 BILLION users.

Hence the reason why Facebook remains ahead of other social media platforms when it comes to social media marketing. This is also the main reason why I highly recommend all entrepreneurs to get serious about promoting their businesses on Facebook by creating highly engaging Facebook business pages because that will translate to money in your pocket.

So how can you make your Facebook page more profitable?

Simple, you need to attract potential customers by engaging them first on your Facebook page and then eventually driving them to your website. But here’s the thing, you have to do it organically though. Doing this organically won’t cost you anything besides your time and effort. You need your customers to engage with your content because the more organic reach you have, the better your chances are of converting potential buyers into actual buyers.

So the big question is: how can you engage potential buyers? How can you get organic reach?

Well, first we need to take a look at how Facebook’s news feed algorithm actually works first. Then we can take a look at some practical strategies we can implement to increase your business page’s organic reach.

There are a ton of factors that decide which posts eventually show up in a user’s news feed. Adam Mosseri, the VP of News Feed at Facebook, explained in detail how the algorithm works by presenting a real-world problem – he compared it to ordering something for his wife at a restaurant as an example.

Adam broke the explanation down into four steps:

1. He goes over the menu to determine what his options are.

2. He takes into account all of the information that is at his disposal (for example, what does his wife like to eat, is it lunch or dinner time, what’s good at the restaurant?)

3. He then comes up with predictions in his head (for example, would his wife enjoy having salmon for lunch today or would it be weird if he ordered her a chocolate soufflé for breakfast?).

4. After considering all of this information, he’ll be able to then place his wife’s order.

Here’s a quick summary of his explanation:

Inventory – What’s on the menu?

When you first open your news feed, Facebook’s algorithm immediately takes an inventory by reviewing all of the stories posted by your friends as well as the pages you follow which is similar to Adam reviewing the menu.

Signals – Is it lunch or dinner time?

Facebook then reviews all the available data and tries to decide how interested you may be in a particular story. Facebook refers to this information as “Signals”. This is what Facebook uses to rank your content. Facebook takes into account things like who posted the story? What’s the frequency of posts from that person? What’s the average time spent on the content? What phone is the user on? What time was the content posted? What’s the overall engagement the post already has? When was the story posted? Facebook even takes into account your friend’s tags or even recent comments from a friend.

Predictions – Would she enjoy the salmon?

Facebook then uses these signals to create predictions and calculate the probability of specific outcomes; for example, how likely are you to click or comment on a story? How likely are you to spend time or share a story?

Score – Place an order.

After coming up with predictions and calculating the probabilities, Facebook combines all the information it has gathered to calculate a “relevance score,” an actual number that represents how interested Facebook thinks you may be in a particular story.

Adam eventually pointed out that Facebook doesn’t really know how interested you are in a specific story – it’s an educated guess at best. In a nutshell, Facebook’s algorithm uses these four steps to help it decide as to how to rank your content in the news feed.

So what’s Facebook’s ultimate goal for its News Feeds?

Just like Google, Facebook cares the most about its users. Facebook only wants its users to experience high-quality and relevant content.

So how can you boost your Facebook organic reach taking into account its constant algorithmic changes? Below are ten effective strategies.

1. Focus on providing valuable content rather than reach

Going after Facebook’s organic reach can only get you so far. In hindsight, it should just come secondary to providing valuable content because your audience should come first.

When you post Status updates – your primary focus should be engaging your followers and getting likes and comments. When you post links – your primary objective should be driving traffic to your website.

So how do you do that?

Simple, you need an attention-grabbing headline as well as an attention-grabbing photo. The post should also be short; it should just be around 40 characters or less for maximum engagement. Here’s a perfect example from Buzzfeed.

2. Find out what your audience wants

What better way to gain engagement than by finding out what your audience actually wants?

Maybe they want to see photos? Or perhaps they want links or videos?

The best way to find out is through your Facebook Insights which I will explain in more detail later. You need to keep a sharp eye out and figure out which content gets more likes and shares.

Another way is to conduct a voting poll on your Facebook page to figure out what content appeals to them the most. You can create a Facebook voting poll by clicking this link on your page.

3. Build authority

It’s nowhere near enough to just focus on increasing your business page likes because realistically, the number of likes on your page gives no indication as to how the content you post will perform.

What really matters is building authority and a strong presence online because by being an authority in your field, you’ll be able to command your audience to respond favourably to your posts. Therefore, they will be more likely to positively engage with your content.

If you want to increase engagement on your page here’s what you can do:

– Only post content that is relevant to your business and make sure that you post consistently.

Posting about a cute cat video on a business page that sells plumbing tools is just plain dumb and will get you 0% engagement because you’re just posting irrelevant content.

– Promote your Facebook page on your other social media platforms.

If you have a huge following on other social media channels such as Instagram, Snapchat or Twitter, you can leave a link of your Facebook page in their bio section.

– Use your audience insights to track and analyze your organic search.

You need to identify where your weaknesses are by gathering significant metrics to measure your page’s performance. Without this data, you won’t know where to focus your efforts on.

4. Publish compelling content

You need to publish “evergreen content” if you want to engage your followers – a type of content that is always relevant to readers and highly unlikely to become immediately dated.

The word “evergreen” is usually used by editors referring to the type of stories that are always interesting to readers. The idea behind this kind of post is to write compelling stories that can be easily found by search engines while making sure they are always fresh (forever green) without needing to be updated so that your followers engage with your content.

Once you’ve found a compelling post that has gone viral, you can always repurpose that post by taking note of this content and approaching that piece of content and putting a new spin on it, or changing the context. Make sure you publish your repurposed content at different times. This guarantees that there always be some fresh eyes that get to see and engage with this “new” content.

5. Share other people’s compelling content on your page

Another smart way of getting your followers to engage in your page is to look at other similar Facebook pages from across the internet and share their viral content on your page.

Here’s the thing, you can’t just press the share button, and that’s it. Instead, you need to put a different spin on it. A great example is Problogger’s reading roundup of posts related to blogging. It’s a great way of putting a new spin on other people’s engaging content.

6. Post content when it’s the best time to post on Facebook

The best time to post on your Facebook page is when your followers are active on the network. This data garnered by Optimal times shows 20 studies that prove that posting at the best days and times will help you get more traffic, more engagement, and of course, more followers.

This data taken from 20 studies proves that posting at the best times will help you get more traffic, more engagement, and more followers.

Of course, I don’t recommend that you blindly follow this post because every Facebook page is different, I live in Australia, and I find that for my pages, the best time to post is past 5 pm on a weekday as most of my audience are on their phones on the train on the way home and around 3 pm on weekends.

But to make it easier for you, I suggest that you take a look at your Facebook Insights to find out exactly when your fans are online.

You go to your Facebook Insights and go to post, and you’ll see the most popular times your audience visited your page. You can even monitor the social media marketing posting strategies of your competitors by visiting Fan Page Karma if you want to take a peek how your competitors are going.

7. Keep an eye out for the latest Facebook app updates

Just like Google, the Facebook app gets updates all the time. You need to be on top of these updates because there’s always a new feature released and you need to take advantage of these updates so you can master it faster than anyone and be ahead of the game.

Here are some updates worth noting:

Facebook stories: Similar to Snapchat and Instagram stories, Facebook stories are short user-generated photo and video collections that can be viewed up to two times and disappear after 24 hours.

360-degree photos and videos: this feature gives you the ability to capture a 360, panoramic view of pretty much anything you want.

Video autoplay: Facebook users no longer have to manually tap the play button to play a video. You can now watch a video while still scrolling through your news feed.

Facebook offers: This feature enables you to create and share coupons, discounts, and other promotional offers on your Facebook business page.

8. Share your content on your Facebook Profile

If you want to boost post views on your latest post, then you need to first share a post on your Facebook page then share it from the page on your personal Facebook profile.

This is a useful technique for posts that you feel would resonate well with your Facebook friends. There’s also that chance for them to share your content if they like it so your brand will be exposed to a new crowd.

9. Use hashtags effectively

If you’re always on Facebook, then you’ll surely be familiar with hashtags and how they actually work.

But do you know how to use them efficiently for maximum engagement?

After analysing more than 1 billion Facebook posts from over 30 million pages, BuzzSumo discovered that Facebook users are in fact prone to hashtag fatigue. Posts with a lot of hashtags shockingly performed worse than those without.

Therefore, hashtags should be used in moderation – according to online marketing guru Neil Patel only two hashtags maximum should be used in any given post.

Why only two?

After analyzing 200,000 brand posts on Facebook, SurePayroll discovered that interactions were highest when only one-two hashtags were used that’s why.

To make the most of hashtags, your hashtags need to be unique so that it doesn’t get confused with anyone else’s. You can also use your hashtags to search for your content. This way, you’re enabling your users to continue to refer to your past content by carrying out a hashtag search.

10. Run a competition

Facebook contests are an excellent way to establish brand presence quickly.

First, you need to determine the reason for the poll, are you looking to generate more fans or more leads? The answer to this question will decide what you’ll do next.

Next, you need to figure out what sort of competition you need to run. If your goal is to get more emails then you need to establish an email grab system, if your goal is to get more followers on your Facebook page, you can require willing people to follow and like your page before they can enter the competition. Just make sure you have a decent price for the winner of the contest, offering something silly like “exposure” on your Facebook page is not going to get you anywhere.

Don’t forget to review Facebook’s guidelines when it comes to running contests and challenges before you start any contest – you don’t want Facebook to shut down your Facebook page for not following instructions.

Let’s face it, Facebook is an incredible marketing tool.

As long as you put into practice the ten strategies that I’ve enumerated above, you’ll definitely be well on your way to improving your organic reach and generating more income for your business.

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5 Surefire Tips That Can Help Businesses Thrive In The New Normal

Successful business professionals presenting analytical report while working together with colleagues in the modern office

SKYBIZ, the business solutions arm of SKY Cable Corporation, partners with Microsoft’s Crayon Software Experts Philippines, Inc. to help entrepreneurs and enterprise owners shift and grow amid today’s digital age of doing business as it conducted a special webinar event, showcasing the features of the all-in-one business suite Microsoft 365.

Alongside the introduction and demonstration on how to use Microsoft 365 to help in aiding business operations in today’s times, the event, in line with SKYBIZ’s ongoing Grow Together campaign, shared business tips and factors to consider to sustain work progress and productivity.

Here are some key takeaways from the webinar hosted by SKYBIZ and Crayon Software Experts Philippines, Inc. that would help small, medium, and large enterprises grow their ventures to new heights in today’s age of digital transformation:

1) Business alteration and reset

Indeed the pandemic has changed our way of living, including how we do business.

According to Crayon Philippines’ solutions architect Danica Francisco, many businesses are finding ways to make their businesses thrive amid these uncertain times, ushering the new normal in how we communicate and transact with our clientele.

“We’ve seen how businesses changed and shifted focus on making their ventures thrive. I’m not only talking about the large enterprises, even the small businesses. Here, we could see the resiliency of these businesses, some didn’t make it, but others thrived in today’s times,” Francisco shared.

Shifting to digital could be beneficial for many business owners in order to cope with the ongoing new normal set-up and make operations accessible and run more smoothly.

2) People are the driving force behind progress

Despite the ongoing shift in today’s digital transformation, people are still pivotal in driving success for all businesses.

With this in mind, companies and smaller businesses alike should continue addressing the needs of their employees to establish trust and bolster rapport in boosting work productivity.

Plus, considering a more work-friendly set-up for workers, including the implementations of work-from-home or hybrid arrangements, would be beneficial in promoting work productivity and safety.

“It is important for organizations and companies to address their current needs. We know that it is difficult to go to work due to these uncertain times with COVID affecting the transport sector. We need to think of how we can help our people to stay motivated at work,” Francisco added.

3) Real-time collaboration

One of the worries of business owners is how flexible working set-ups would hamper real-time collaboration, with employees now working apart from one another to maintain their safety.

But with the help of modern technology, including the Microsoft 365 business suite, businesses can run smoothly as usual with real-time collaboration applications that would help them interact with one another and continue doing their work together virtually.

Another vital factor to note in virtual real-time collaboration is to introduce a user-friendly interface so all employees, whether tech-savvy or not, can seamlessly conduct business activities without the worry of being left behind.

4) Strengthening digital security

Going digital may also introduce new risks, including cyber threats that would potentially affect one’s business.

From stealing personal information to breaching bank funds, investing in additional digital security measures is key to protecting all crucial data from hackers and other digital perpetrators alike.

5) Taking note of costs

Shifting to digital may also be heavy on the pockets of most businesses.

With costs in the equation, it is apt to find an all-in-one solution to cut costs while enjoying the benefits of virtual real-time collaboration and digital security.

This is where Microsoft 365 enters, providing a business suite for collaborating through its Teams app with access to all of the essential Microsoft Office applications, which is helpful in documenting and presenting their day-to-day progress.

Plus, its security features also ensure companies and business ventures that their vital information is locked in within their system to avoid potential digital threats, whether on mobile or on their computers.

Together with SKYBIZ’ reliable internet connectivity, users can fully utilize Microsoft 365 and integrate it in their day-to-day activities at ease.

Upon subscribing to SKYBIZ’s BIZBB PRO Fiber, it comes with speeds of up to 200 Mbps and free access to Microsoft 365, plus gift vouchers from Grab or ABS-CBN Dash to help in sustaining business growth in today’s digital age.

Business owners can also subscribe to SKYBIZ’s BIZTastic Bundeals, which also come with fiber business internet connectivity, plus access to Microsoft 365 and a free ABS-CBN Dash voucher. Promo is extended until June 30, 2022.

To know more about SKYBIZ’s internet plans and promo updates, visit www.skybiz.com.ph.

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Meet The Entrepreneur Behind The Cover Of The June 2022 Issue Of Global Millionaire: Anouk Brumfield

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Having worked with teams for over thirty years, including C-suite managers, she brings deep experience from many industries to the consulting arena. With a track record for driving successful and efficient large enterprise initiatives, the people she works with are assured of a dynamic outcome, leading to profitable growth, transformation, or product innovation.

Anouk is also a highly sought-after motivational speaker who coaches entrepreneurs where she teaches and encourages entrepreneurship through a unique blend of mindfulness and strategy. By helping aspiring and experienced business leaders gain a greater perspective, she inspires them to get the job done efficiently, get it done right and assume a positive outlook. This doesn’t just help productivity; it improves morale throughout the organization. Over the years, it’s been evident to Anouk that people respond best to those who work hard, get things done and take a task from beginning to end efficiently – which is something she prides herself on doing. Besides working with Fortune 500 companies, Anouk works with colleges, universities, non-profit organizations, and her community as well to help more people reach their potential.

Global Millionaire Magazine recently caught up with Anouk to discuss her journey in the industry, and here’s what went down:

Could you please tell our readers a brief background about yourself and how you started?

My grandparents reared me in Shreveport, Louisiana. My grandmother was a very strong and wise lady who taught me the value of hard work and the importance of building, nurturing, and sustaining relationships. She also instilled in me that I can do ANYTHING. Early on, I cherished learning new things. I love a good challenge, and I establish short-term and long-term goals. I started my professional career in the oil and gas industry. Now, 30 years later, I have been afforded the opportunity to work across several different industries and perform in various capacities. My focus has been on building a diverse background and being a flexible asset. There have been several times that I had to reinvent myself. I have an accounting degree, and I started my corporate career in accounting.

I now work as a VP/Senior Partner for IBM, where I am responsible for the global strategy, organization, and business performance of Blockchain Services. In this Executive role, I partner with client and industry leaders, global consortia, and venture firms. I am focused on delivering accelerated client value in the advisory and creation of new business models coupled with intelligent workflows powered by blockchain AI and hybrid cloud. As a proven COO and serial innovator, I am known for driving global businesses and strategic growth initiatives in a profitable and scalable way, inspiring change, and delivering brand breakthroughs for clients. I have significant experience helping teams and people reach their full potential, creating a growth culture with delivery excellence. I have successfully created, led, transformed, and delivered various CEO-focused programs and businesses across my previous executive and leadership roles in sales, delivery, operations, consulting, account management, and business transformation. I have built winning and empowered teams whose results are recognized by analysts as market-leading and market-making. I am active in various global diversity initiatives and mentor a large talent population.

I help businesses grow with my cross-industry and cross-domain background. I thrive off of starting and recovering organizations and businesses. I am most passionate about helping others; therefore, I spend a lot of time mentoring and coaching people. I also do a lot of community service and participate in various nonprofit organizations.

How would you describe your leadership style?

That is a very good question because I have to admit that my leadership style is different now than it was 20-25 years ago. My current leadership style prioritizes focusing on people since they are our biggest asset. I spend time getting to know my employees so that they can see I sincerely care about them as individuals. I drive with simplicity and clarity and empower people to do their job responsibilities without micromanaging. I challenge people to be the best, and I have high expectations.

What factors do you consider when defining long-term goals?

I have ‘personally’ learned it is important to ensure goals should not conflict with your values. And throughout life and life’s seasons, your values may change, so it is important to know that you can adjust your goals along the way.

So the key factor I consider when defining my long-term goals is my values.

What is your method for shaping a company culture?

I bring my authentic self to work every day. It is important that everyone brings his/her authentic self to work every day. We each must strive to be our best version of ourselves. We should all come to work as an original. Be ourselves because everyone else is taken anyway. If we all do this, we help build the culture. We help build a diverse and inclusive environment. We help to be the catalyst for the change.

What is the most difficult decision you had to make in your position?

Companies are around to drive profitable revenue growth and to serve their clients and their employees. I had faced times when I had to be bold and take risks to ensure my employees were being treated fairly. I have had to stand up for them. I had to be their voice. I had to speak up in some very sensitive situations. I had to be an upstander. I had to do the unpopular thing at times and be willing to be misunderstood, but I was okay with that when I knew in my heart of hearts that I had to do what was right by my employee at all costs.

Secondly, I also have had to be an advocate for my clients at times to make sure we are listening to what they wanted and/or needed and not trying to sell them something that they did not want or need.

What do you like to do outside of work?

I really love spending quality time with my family and friends. I love to laugh and have fun. I really enjoy reading, traveling , and exploring new and different things. I am recently engaged to be married and love spending time with my finance’ and am looking forward to building a life with him.

What are your greatest professional strengths as a senior partner?

Building meaningful relationships with the team and our clients is my biggest strength. I have also mastered how to keep things simple while staying focused and driving client outcomes to obtain strong business results.

It is all about serving. I pride myself on being an outstanding servant leader.

What does success mean to you?

Helping others. Paying it forward is success to me. I have benefited from so many great mentors and sponsors along the way that I feel compelled to make sure I am benefiting others as well. At this juncture in my career, I am most concerned about helping others obtain their goals… which is success to me when I can pay it forward and help the next person.

What motivates you to succeed?

I feel very motivated when I think of all of the sacrifices my grandmother made for me. She is my driving force. She passed away some time ago, but I want her to look down and take pride in the little girl she reared. I know that I can, I will, and I must, which is something that I keep at the forefront of my mind. I have a saying posted in my room that says, “This Girl can DO IT.”

How do you deal with conflicts in your workplace as a senior partner?

It is important to pick your battles. Not every battle is worth fighting. Not every battle is worth fighting immediately. When there is a battle I determine that must be addressed; I address it directly with facts and without emotions.

What would you consider your biggest achievement?

My biggest achievement is that I have the privilege to be in a position to help my family, friends, and community.

What advice would you give someone who wants to follow your footsteps?

Know yourself, Be Your Self, and Surround Yourself. Let me dive into each of these. Know yourself is where you make sure you align to your values. Be Yourself is about being authentic. Surround Yourself is to remember that no one gets there alone, so build your network of mentors and sponsors and ask for help when needed.

Know that you can do it. When I was little, one of my favorite quotes was, “Shoot for the moon, and if you miss, you will be amongst the stars.” Set goals, and then just do it and breathe and enjoy the journey. And on the journey, give grace to others as God gives it to us!

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Five Key Reasons To Invest In Real Estate Right NOW

Investing in real estate can have several benefits because you can leverage real estate to build wealth. You can enjoy passive income, excellent returns, and even tax advantages. If you’re thinking about investing in real estate, here are five reasons why Sydney property investment makes sense.

1. It’s a more stable investment

When you invest in property, you can expect that your return on investment will be more predictable than it would be if you invested in the share market. Sydney property investment is one of the most stable investments you could explore. People always need houses, and it’s an asset that is more likely to appreciate in value as regions experience growth over the years – just make sure you research your suburbs carefully when deciding on a location.

2. An investment for every budget

Despite the common belief that Sydney’s housing market has become saturated with demand and is increasingly unaffordable, investors would be interested to know that there is still a lot to gain from more affordable suburbs. Suburbs in Sydney that are a little further away from the CBD have a lot to offer for investors when getting your foot in the door.

3. It’s an asset you can use

An investment property is an asset that you can make practical use of. It’s a very tangible asset. If you change your mind and decide that you’d like to move into your investment property, you can. If you choose to use it as an investment again later on, you can do that too. Other investments don’t offer the same level of flexibility, but with a Sydney property investment, it’s part of the package.

4. Other people pay for your investment

Having an investment property means that you can rent it out and have that income go directly towards paying off your investment. This is a reliable, regular payment that offers the stability and frequency that you wouldn’t get with most other investments. When you rent out your investment property, you can enjoy the peace of mind that your investment is paying itself off.

5. Leverage

You can use investment property to gain access to leverage. This is an investment strategy where you use debt to bring in greater returns and ultimately pay off that debt. Using your property as security means you can borrow more money than you would with a share portfolio. Lenders will let you borrow up to 90-95% of the property’s value, but typically 50-60% of a share portfolio’s value. In addition to this, this allows you to benefit from the growth of a larger asset because you have significantly greater borrowing power.

This article was sourced from the Property Investors Alliance.

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Meet The Entrepreneurs Behind The Cover Of The May 2022 Issue Of Global Millionaire: Solar Energy Partners

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In 2017, brothers Alex and Clint Williams and Founding Partner Dave Madrid poured their skills and entrepreneurial drive into starting Solar Energy Partners, also known as SEP. After developing their business model around the philosophy that “more options means more deals, which means more savings,” the trio went to work partnering with many of the largest, highest-rated companies in the solar industry. From there, SEP began to take off.

This growth coincided with the onset of the COVID-19 pandemic, which limited social interactions and meant salespeople could no longer work on their original direct-to-home, door-to-door sales model. Additionally, tariffs implemented on solar panel imports made the challenge of staying operational even more monumental. However, Alex, Clint, and Dave stepped up to the challenge and approached it with innovation and proactivity, pivoting their operations and bringing their business to fruition during a time when many were struggling. During this period, SEP experienced such high growth that it provided employment opportunities for more than 1000 new representatives, including many struggling musicians, actors, and others in creative industries across Southern California.

The Global Millionaire magazine recently caught up with the Solar Energy Partners Founders to discuss their journey in starting and growing SEP, and here’s what went down.

Could you please tell our readers a brief background about your company and how your company started?

Our organizaton has evolved significantly from when we originally launched to where we are today. We started with the same mission: to offer the best customer and consultant experience in the solar industry; that hasn’t changed. The most endearing aspect of building a business is that, at some point, the business takes on a life of its own – today, our purpose is to spread that message and reinforce positive change in every community we touch.

Clint, Alex, and I founded the company after crossing paths in the solar ecosphere multiple times. Eventually, we were able to find common ground, and it only made sense to work together. From the moment we were able to actually sit down and start discussing our perspectives on the current and future shape of the solar industry, I think we all looked at each other and said, “how have we not had this conversation sooner?”- I love the moment when something symbiotic just ‘clicks.’

From that moment, as previously mentioned, we’ve grown from that existential vision that we all shared into something capable of growing. At this point, I think we’re looking at things on more of a universal scale.

How does your company approach recruiting a new person?

We always approach recruiting with an open mind. We want to keep the doors open to those who want to pursue a new career path with their inherent talents and skills while providing the knowledge to pave the way for success in a new career. Of course, we’re interested in working with people that are self-starters, but what’s unique about the experience is that we offer the scholarship opportunity to pursue the industry from start to finish; novice to master.

Most companies generally look for individuals with outright solar experience – we’ve always believed that everyone is born with the same potential; it’s just a matter of one having the right opportunity and mindset to foster success… that’s what we’re all about: fostering success.

What are some significant events that have made your company the company what it is today?

There have been so many, but walking away from a high-level corporate position at a billion-dollar company to pursue my own business, realizing I could make a bigger difference on a smaller scale, is probably where it started. It really came to fruition when we noticed the business snowballing, not just in sales but also in the quality of people joining our ranks. I think that all comes down to the culture we’ve developed from the ground up. We genuinely wanted to change things; we had a mission to fill the void in solar where so many customers were let down and consultants felt abandoned; we aimed to be the solution. Once we noticed that our dreams were starting to lean closer and closer to reality, we knew this was real.

Do you think the solar industry is mobilizing in this day and age?

That’s a great question. I believe it’s moving and becoming more efficient. Still, the truth is it’s still the wild wild west in the solar industry – with all of the growth; it feels like the industry has to capitulate at some point to remain healthy. I think that it will be the entities that provide the best, most authentic service that will inevitably stand the test of time.

How is your company adapting to the Coronavirus in its daily operating model? What has it been like for your employees?

COVID was inevitably a game-changer for any business. We had to pivot to stay afloat, and ultimately we found that it served us well. We were able to utilize our knowledge from door-knocking in the past and translating that information over to a more virtual model, which we’re still using today. Even as COVID becomes more endemic, we’ve noticed that the business has forever changed – we’re now perpetually thinking outside the box.

How do you balance the need to respond to a crisis like COVID-19 rapidly while at the same time keeping a long-term, resilient course?

With an anomalous situation that rocks the world as COVID-19 did, the only option was to stagnate or progress. Given that the renewable industry is a constantly revolving door in terms of information, litigation, adoption, etc., it seems like we’re generally used to swimming upstream in one way or another. When the pandemic became tangible, we did what we do best: evolve.

How has your company gone about the arduous task of engineering a change in company mindset?

Personal and professional development are two things we’re perpetually fixated on; we’re constantly engineering change in mindset across our business. We want to unlock our consultant’s innate potential so they can make legitimate changes in their lives and the lives of others. When someone is brought into the fold working here, they have the opportunity to grow without fear of a ceiling progressively. One of the critical factors of succeeding in entrepreneurship is the never-ending belief in yourself- sometimes that fire requires a little tinder, though. Through our scholarship, we provide constant motivation and dedication, which we’ve found has fortified our purpose as an organization: to make a positive difference.

What are your company’s main priorities, hopes, and aspirations looking ahead?

We’ve always had big dreams. We’re looking forward to further expansion on a national scale as well as fostering new and exciting partnerships in the next year. Ultimately, everything we do is in the best interest of the people we work with, as well as the people we work for.

We’re looking forward to 10,000 installs per year in our future and taking our organization international. As far as the immediate future, stay posted for all of the news and updates via our Instagram @solarenergypartners.

Where do you see the most growth opportunities in the solar industry right now?

Another great question… all I can say is that the company that gets creative with financing as more liquidity enters the renewable market in the United States will make serious waves.

What advice would you give to those hoping to follow in your company’s footsteps?

Work hard, play harder, and never lose track of your dreams.

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Elon Musk Reveals He Doesn’t Even Own A Home Despite His Billionaire Status… Yes, You Read Right.

Screenshot from TED’s YouTube account

Elon Musk has decided to finally address the ongoing issue about his billionaire status in a new interview with the head of TED, Chris Anderson.

As most people would know, Elon was recently declared by Forbes magazine the richest person on the planet, with an estimated net worth of more than $200 billion. He’s the CEO of Tesla and the founder of the rocket company SpaceX. Elon is also the founder of an infrastructure and tunnel construction services company called the Boring Company and co-founder of a neurotechnology company called Neuralink.

In the interview, Chris pointed out the criticisms surrounding Elon’s massive wealth. Many people seem to believe that billionaires are “unethical” given the fact that a massive chunk of the global population are living paycheck to paycheck, and homelessness is still a major issue across the globe.

“There are many other people out there who can’t stand this world of billionaires,” Chris stated. “They are hugely offended by the notion that an individual can have the same wealth as, say, a billion or more of the world’s poorest people.”

To which Elon responded, “I think there are some axiomatic flaws that are leading them to that conclusion.”

“For sure, it would be very problematic if I was consuming billions of dollars a year in personal consumption. But that is not the case.

“In fact, I don’t even own a home right now,” he surprisingly revealed. “I’m literally staying at friends’ places — if I travel to the Bay Area, which is where most of Tesla engineering is, I basically rotate through friends’ spare bedrooms.”

Elon further revealed that he doesn’t even make any massive luxurious expenses. “I don’t have a yacht, I really don’t take vacations, so it’s not as though my personal consumption is high,” he added. “I mean, the one exception is a plane, but if I don’t use the plane, then I have less hours to work.”

Chris further asked how Elon feels about criticism of his and other billionaires’ status in this day and age. “How upsetting is it to you to hear this constant drumbeat of, ‘Billionaires, my god. Elon Musk, oh my god.’ Do you just shrug that off, or does it actually hurt?”

Elon simply responded, “I mean, at this point, it’s water off a duck’s back.”

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5 Essential Must-Have Skills To Succeed As An Entrepreneur

Any entrepreneur can earn considerably well from owning a firm if things go well. Still, they also take on a significant level of risk—far more than a typical employee of the business. This entrepreneurial risk can take many forms, including financial risk, career risk, emotional risk, and overall business risk.

Because there is so much at risk when it comes to the beginning and maintaining a successful business. There are very particular talents that every entrepreneur should have to be successful. We’ve highlighted five of them below.

1. Communication

Every entrepreneur must have excellent communication abilities. Whether a person is a lone founder or the CEO of a Fortune 500 company, they must be able to communicate effectively with all stakeholders and potential stakeholders who have an impact on the company. An entrepreneur must communicate effectively with workers, investors, customers, creditors, colleagues, and mentors.

If an entrepreneur cannot explain the value of their product, it is doubtful that the business will be successful. They must also be proficient in all modes of communication, such as one-on-one and in-person interactions, group discussions, written communication, and email or internet messaging.

2. Sales

Develop entrepreneur skills in sales. The soft skill of sales is inextricably linked to the communication skills necessary for success. As an entrepreneur, a person must be able to sell everything and anything. A business person must have the skills to sell the idea to potential investors, the product or service to customers, and oneself to employees.

An entrepreneur who can effectively communicate is better positioned to promote their original ideas and products. Entrepreneurs are accustomed to being the first salespeople at their numerous businesses. These selling skills are necessary to demonstrate value to all stakeholders, both inside and outside the company.

3. Focus

Attention is a crucial one among the numerous must-have characteristics for an entrepreneur. The road to success as an entrepreneur is fraught with ups and downs. There are highs from triumphs and lows from disappointments. A successful entrepreneur must be able to focus on staying on track when things become difficult.

This skill is also known as thinking with the end in mind. Regardless of the difficulties an entrepreneur faces, a successful entrepreneur has the attention required to keep steadfast sight of the final objective and drive himself to achieve it.

4. Curiosity

A healthy curiosity has always been the most exemplary business talent. This will prompt you to investigate what your rivals are doing and use new technology to simplify your business and even reach out to new clients. When your only limitation is what you can envision and apply, almost anything is conceivable.

5. Strategy For Business

While a competent and successful entrepreneur must have developed a successful firm, business planning is the fifth most essential talent that every entrepreneur should have. Entrepreneurs frequently attain success in their firms by sheer force of will.

An entrepreneur may develop a company plan on the fly by using good communication skills, sales abilities, a keen focus, and a sense of curiosity. However, while establishing and expanding a firm, the structure and development plan must be founded on strong business sense and talents. Among the traits of successful entrepreneurs, business strategy is a must.

Final Words

These are the top qualities of a successful entrepreneur. While there is no perfect formula for becoming a successful entrepreneur, those who do tend to have mastered the following set of skills: excellent and effective communication; the ability to sell both themselves and their idea or product; strong focus; curiosity to learn, and be flexible; and a solid business plan.

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Billionaire Elon Musk Reaches Game-Changing $44 Billion Deal To Buy Twitter

CNN confirms that Twitter has decided to sell itself to Elon Musk, the world’s richest man in a whopping $44 billion deal.

Musk apparently made an offer to buy Twitter (TWTR) and take it private, believing that the company needs to be “transformed.” He recently purchased 9.2% of Twitter stock making him the largest shareholder in the company.

The mega-deal, which was reportedly approved by Twitter’s board, is expected to get finalised this year. Musk revealed last week that he has $46.5 billion in financing to acquire one of the world’s most influential social networks, which apparently forced Twitter’s board to seriously consider the offer. T

CNN confirms that under the terms of the deal, shareholders will receive $54.20 in cash for each share of Twitter stock they own, matching Musk’s original offer and marking a 38% premium over the stock price the day before Musk revealed his position in the company.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a recent statement. “Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.”

Twitter stock was reportedly up by nearly 6% following the announcement of the mega-deal, floating around $51.84. The deal is pending approval from shareholders and regulators.

Editorial credit: Rokas Tenys / Shutterstock.com

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Netflix Loses A Massive $50 Billion In Value After A Massive Stock Drop

Shares in the streaming giant Netflix went down by as much as 35% plummeting to its lowest point since January 2018 after it revealed a massive drop in subscribers and anticipate millions more are set to quit as per BBC.

BBC confirms that the loss wiped more than $50bn off the company’s market value prompting Netflix to crack down on password sharing.

Although Netflix remains the world’s leading streaming service with more than 220 million subscribers, BBC reports that it was losing customers to rivals, while struggling to expand due to password sharing.

In a note to its shareholders, Netflix wrote: “Our revenue growth has slowed considerably as our results and forecast below show. Streaming is winning over linear, as we predicted, and Netflix titles are very popular globally. However, our relatively high household penetration – when including the large number of households sharing accounts – combined with competition, is creating revenue growth headwinds.”

The note further said: “While we work to reaccelerate our revenue growth – through improvements to our service and more effective monetisation of multi-household sharing – we’ll be holding our operating margin at around 20 percent. Key to our success has been our ability to create amazing entertainment from all around the world, present it in highly personalised ways, and win more viewing than our competitors. These are Netflix’s core strengths and competitive advantages. Together with our strong profitability, we believe we have the foundation from which we can both significantly improve, and better monetise, our service longer term.”

Michael Hewson, an analyst at CMC Markets said, “Netflix’s wider problem, along with the rest of the sector is that consumers don’t have unlimited funds and that one or two subscriptions is usually enough.”

“Once you move above that something has to give in a cost-of-living crisis, and while Netflix is still the market leader, it doesn’t have the deeper pockets of Apple, Amazon, or Disney, which makes it much more vulnerable to a margin squeeze.”

Photo by cottonbro

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5 Crucial Ways To Lead A Business Through Crisis

Running a business is already a psychologically complex undertaking under normal conditions. Taking the helm during a moment of crisis and uncertainty, on the other hand, is a whole different ballgame. The Covid-19 epidemic was the type of disaster that may rock the global economy. The sort compels corporate executives to reconsider and rethink our entire strategy for dealing with a catastrophe.

Unfortunately, for many, this procedure seemed more like an autopsy, with you gazing back in regret at what you wished you had done differently. Others were luckily able to eke out a living but are fully aware that drastic adjustments are required. For the business leaders, the previous two years weren’t without their worries; however, the following five tips for leading a business through a crisis will help you.

1.    Keep The Core Intact

A good leader in a crisis will definitely keep the core intact. When the entire economic impact of the epidemic became clear, many businesses promptly furloughed or lay off personnel to save money. If a crisis occurs and the first question your employees have is, “Will I still have a job next week or next month?” they will not be focused or involved in the problem-solving effort.

If your organization conducts onboarding and hiring well — that is. Suppose you invest time and money finding individuals who are a good fit for your company culture. It would help if you acknowledged this as your most valuable asset. If you work in a service-oriented industry, such as the event industry, you understand that the experiences your employees create for your clients are everything.

2.    Deliver Consistently

Even though many obstacles and causes are beyond their control, the most exemplary leaders manage a crisis and accept personal responsibility in every situation. They coordinate team attention, develop a culture of accountability, and build new measures to assess success.

As a business leader, you must be aware of and connected with a daily dashboard of priorities. Leaders should record their top five goals clearly (on half a page or less) and ensure that those above them are on the same page. Examine performance against those things regularly — if not daily, then at least monthly — and ensure that leaders communicate this information with direct reports. At the end of each day or week, go over and update your “hit list.”

3.    Adapt Bravely

Strong leaders anticipate, respond to changing situations, and effectively lead through a crisis. They seek feedback and information from various sources, are not embarrassed to confess their lack of knowledge, and bring in outside experts when necessary. You and your leaders should do the following:

  • Determine what you will not do. Put a stop to primary activities and costs, and prioritize ruthlessly. Make your “what not to do” decisions public.
  • Toss out the playbook from yesterday. The past acts that drove outcomes may no longer be applicable. The most outstanding leaders adapt fast and devise new strategies.
  • Improve (or create) direct linkages to the front lines.

4.    Participate To Make A Difference

No job is more vital than taking care of your employees during a crisis. Influential leaders are aware of their team’s conditions and diversions. Yet, they find methods to engage and encourage their team members by clearly and completely delivering vital new goals and information.

This aspect demands particular emphasis since, while the COVID-19 epidemic is, of course, a health problem, it has also triggered a financial crisis. In this time of continual and intense change, your leaders must constantly reiterate new goals to maintain sustained alignment.

It would help if you interacted with specific team members to lead through a crisis. Reach out to at least five people daily for a “pulse check”; set out a time on the calendar to do so. First, relate on a personal level, and then focus on the job.

5.    Get Prepared To Reallocate Resources

Identify unnecessary costs and programs in various functional areas that might be reduced to save capital and resources during a crisis. Evaluate and identify the significant business drivers and the sales and lead generating areas that are truly pushing the needle.

Prepare to eliminate laggards and underperforming projects while reallocating resources to the stallions that provide the most returns. Everything, large and little, is tracked and managed. Know your numbers and handle them with vigor. Concentrate on critical and consider delegating, automating, or eliminating anything else.

Final Thoughts

Consider taking these actions while leading a business through a crisis; we believe you’ll come out stronger and better positioned as a consequence. As a leader, you must navigate new and shifting priorities with little response time. Small efforts in support and coaching may go a long way toward increasing the effectiveness of your leaders.

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Meet The Entrepreneur Behind The Cover Of The April 2022 Issue Of Global Millionaire: Cal Evans

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Cal Evans is an award-winning international cryptocurrency lawyer. He is the managing associate of Gresham International, a US Securities Consultant with a wealth of experience working in top law firms in both California and London as well as the founder of Fortune Wallet.

Cal undertook advanced IT at a junior college and received the top AVCE recognition award before undertaking his undergraduate in law. He eventually passed law school in England specializing in business and corporate law. In 2015 Cal undertook his certificate in financial markets with Yale – he is considered one of the leading individuals on Cryptocurrency and Crypto Raise Compliance. Few people have the technological, legal, and financial expertise needed to tackle the cryptocurrency market and Cal certainly is one of those rare individuals. He has experience working with companies across the globe, including some of the largest tech companies, during his time working in California.

Global Millionaire Magazine recently caught up with Cal to discuss his journey as an entrepreneur, and here’s what went down:

Could you please tell our readers a brief background about yourself and how you started your business?

I started Gresham International back in 2015. The truth is that I was broke, living with a good friend, and had to move back to the UK to be closer to my mum, who was sick. I decided that I honestly had nothing to lose at that point in my life, so I should just roll the dice and start my own firm.

As things grew, I realised that having flexibility was a great thing. I could focus more on clients, meet their needs a get more involved than if I was just working for another firm. It’s amazing the stamp that you get to put on something when you build it yourself.

I can remember the first time I was able to give my friend ‘rent’ money. It was only a couple hundred pounds, but I earned those hundred pounds from my company. It was a great feeling.

Prior to setting up Gresham International, I worked at a California law firm. It was a great time. I finished my training with a small law firm and was preparing to take the bar when I had to move back to the UK. That time in California exposed me to real startup life if there is such a thing. Meeting so many amazing entrepreneurs also drove me to set up my own firm.

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

Gresham has an amazing industry name in the Crypto space. We have offices in multiple countries, and I love the team we have grown! The real benefit of our industry position is that most folks have heard of either me or us (probably both). Growth feels very organic at this point in time.

With the Crypto industry going so crazy, with so many new avenues, we’re not short on new clients. Actually, the opposite. We are now focusing more on strategic clients such as RadioShack, BabyDoge, CEEK, etc.

Don’t get me wrong; we love startups and new clients entering the market. The only problem is that as the number of them has grown, our test for them has too. Sometimes, it’s better to be kind to someone, highlight some flaws in their ideas and give them some steer, rather than just take their money!

We forecast some pretty awesome growth this year, focusing more on larger strategic clients.

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

Instagram is a heavy hitter for me. I have to balance between my personal image as an industry expert and the corporate one.

A couple of years ago, I decided to focus more on myself as an expert than as a company regarding social media. The reason being, is that most people don’t really have ‘brand’ loyalty, but they can develop ‘personal’ loyalty.

As a result, I have about 14,000 followers on Instagram and a large following on LinkedIn too. I actually think our corporate social media is dormant at the moment, given the change in strategy.

I have hardly ever used Twitter. I have a real personal issue with how Twitter treats its users and Jacks’ ever-changing view on Crypto.

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

Honestly, no. PPC Campaigns are a thing of the past. They also get beaten by bots if they work out you have paid for engagement.

Our marketing focuses more on ‘in person’ events, especially with my speaking reputation. I would much sooner spend money at an event meeting, people, than hoping people click on our website.

What is your main tactic for making more people aware of your brand and engaging your customers? How did your business stand out?

Marketing is very tough in the crypto industry. Especially being a legal service firm. The whole social media scene is full of fakes, bots, and spam. My social media accounts are constantly being cloned, and these clones reach out to my followers in an attempt to steal money.

As a result, my main tactic is to do as much face-to-face work as possible. In an industry full of so much ‘fakeness’ it’s easy to hide behind an email. Conferences, events, and speaking are all the main ways of generating interest and meeting people.

Of course, we keep the corporate side of things up with a solid website and some social media presence. The engagement of that definitely shows an intention to be in the industry.

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

In-person marketing has worked the best. Getting to events and conferences and meeting with people.

There are so many lawyers claiming to be ‘blockchain believers’ or ‘crypto captains’ – the minute I see a tag line like that on anyone’s social media, I switch off. It’s obvious they are full of crap. You see the same people at events worldwide, the real titans of industry. They recognize each other, and usually, meeting them shows your commitment to the industry.

My dad ran a very successful business for years. He once told me that we could put a sign out the front of the office, saying our services are free, but no one would come in if no one needed them. The reality is to realize that in any service industry, you are outnumbered, and it could all end at any time. We keep that philosophy. As a result, our marketing is nimble, and we try to be as out-the-box thinking as possible.

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

I recently moved to a new location, which was well away from what I would consider the ‘hustle and bustle’ of city life. I went from London to California to where I am now. To say it was a culture shock is an understatement.

Like many, during COVID, I realised that I don’t NEED to be in the middle of everything.

My main worry was that being so far away would impact my work and client relationships. My aim was to become more focused on things that I could help develop and build the company and better service our clients.

I think it has paid off. I have the ability to strike a much better work/life balance and enjoy what I do so much more. Not that
I didn’t enjoy it before! It’s just when you work long days; it’s hard to find time for yourself often.

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

I made a lot of mistakes—both personally and professionally. However, I wouldn’t do a thing differently. I believe those mistakes helped shape who and what I am. I would say the same to anyone else. Mistakes are as much a part of life’s journey as the wins. Embrace them as you do a win, and everything balances out.

If you are looking for one personal money mistake? I definitely sold some of my Crypto holdings WAY too early. However, I can never see that as a bad thing. I spent the money on stuff I needed!

What new business would you love to start?

It’s actually starting! Fortune Wallet is something I have been working on for several years. Filing the patent, fighting for trademarks, developing strategy. I just got the first valuation back at $10million, a pretty great starting point for a new company.

The wallet is essentially the best wallet you will ever use. Think of a Venmo or PayPal style app which allows users to remit Crypto easily to each other, using a really cool method. That system is patented.

Watch this space!

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

Honestly, nothing. Except probably buy more Bitcoin.

What is the best advice you have ever been given?

I took a lot of influence from my dad. I think most young men do, although they wouldn’t admit it. My dad has always been very pragmatic in life; a simple problem, a simple solution.

I also read a lot of books by industry leaders. I try to get as much information from them as I can while reading between the editing lines.

The best advice I was ever given, was honestly to just try things. There is only one way to find out is something I have lived in business and personally. You can plan, plan, plan, but there is no substitute for just trying and seeing how it goes at the end of the day. Maybe that’s one of the reasons I wouldn’t change anything about my past. If I had an idea, I tried it. If it didn’t work, I moved on.

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

Just go for it. Don’t over plan. Don’t overthink. I promise you everything you think of will be different from how you originally planned it. You can never plan for every possible outcome, and you can’t predict the future.

Richard Branson is famous for saying, ‘if someone asks you if you can do it, just say yes, then work out how to do it when you need to’. Sure, that doesn’t work if you are a pilot, but it’s a great way to grow and adapt if you are starting a business. Don’t say no to something just because it doesn’t fit in your business plan. Grow along with your business and the opportunities life gives you.

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Billionaire Elon Musk Once Lived On Just $1 A Day

 

Do you think you have what it takes to sacrifice like a bonafide entrepreneur?

If you think you have what it takes, then try limiting your spending to just a dollar a day for an entire month- because that’s exactly what Elon Musk once did when he was a 17-year-old college student at Queen’s University in Kingston, Ontario.

Talking to Neil deGrasse Tyson in a 2015 interview on the podcast StarTalk he said, “My threshold for existing was pretty low… So I figured I could be in some dingy apartment with my computer and be okay and not starve.”

The CEO of SpaceX and Tesla tried this experiment to determine whether he could really live spending so little on food. Turns out, a $30 CAD monthly grocery budget was enough to get by.

“You sort of just buy food in bulk at the supermarket,” he stated, though he admits that “you get really tired of hot dogs and oranges after a while.” So he started getting into Pasta and green peppers as well.

Please note that this experiment happened a while back, and Musk warns against trying this experiment in this day and age. “I would not encourage anyone to live on $1 a day,” he told Business Insider. “That would not be super fun. Also, I did this back in 1990, so a dollar went a lot further back then. Would be much harder to do that today.”

Editorial credit: Kathy Hutchins / Shutterstock.com

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5 Surefire Ways Property Managers Help Add Value To Investments

Some new property investors get tempted to scrimp on property managers, shopping around for the cheapest option they can find or even trying to do it all themselves. But almost all seasoned and successful investors agree that a great property manager is worth their weight in gold.

In this article, we explore what it is that a property manager brings to the property investing equation and how they can protect your asset and help you maximise your returns over both the short and long term.

Why use a property manager?

A common misconception is that a property manager’s duties are limited to simply collecting the rent on your behalf. While it’s true that rent collection is one of the fundamental tasks they perform, it’s really only a small part of what they do.

The reality is that property is an active investment and one that involves ongoing management and involves some degree of risk. A property manager helps alleviate some of the burdens by making sure the day-to-day is taken care of and that risks are minimised.

Here are some of the ways they do just that.

1. Property managers will work to keep vacancies to a minimum

One of the main responsibilities of a property manager is to find tenants whenever the property is likely to become vacant. This includes advertising the property, holding open inspections, screening applications, and negotiating terms with tenants.

But the best property managers take don’t just do the minimum here. They do everything they can to make sure the property is leased, holding inspections outside of regular hours, and longer inspection times if they need to, to make sure as many prospective tenants see it as possible.

Finding the right tenant for your property can be an onerous job. Done well, it can also be a skilled one. That’s because there’s more to it than simply securing any tenant. You need to secure the best tenants – the ones most likely to take care of your property, give you the fewest headaches and pay the rent on time for the long term.

A good property manager will be well attuned to the signals and context and will do the right research to know exactly which tenants are best for your investment.

2. Property managers are strategic advisers

Speaking of which, there may be times when you have multiple rental offers on the table. So which do you choose? A property manager will be able to advise you based on their research, their knowledge of the market, their experience with tenants, and the reference checks they perform.

But a property manager’s strategic advice doesn’t end when they’ve found your tenants. They’ll also advise you on what type of lease to sign, what conditions to include, how long your lease should be for, and – most importantly – what rent to ask for. They’ll do this based on their knowledge of the market and where it’s headed so that you maximise your income and minimise your pain.

They can also advise you on depreciation schedules and even help you put together a long-term property plan.

3. Property managers will help maintain your property

In an investment property, small maintenance issues, if not resolved, can accumulate over time and have a big impact on your finances. A good property manager will help notice these and correct them before they get out of hand. For instance, a small leak in a bathroom may go unnoticed by your tenant but could eventually lead to water damage and mould problems.

A property manager who knows what to look for is likely to spot the problem early, saving you thousands in the longer term. They’ll also usually organise the trades you need to repair anything efficiently and with a minimum of disruption to your tenants and your income.

Through regular inspections, a property manager will also help make sure that your tenants are looking after your investment. And, if they’re not, they can help rectify that, using their negotiation skills to let the tenant know what’s expected of them and how they need to improve or resolve any issues.

4. Property managers guide you through the rules and regulations

There are many rules and regulations governing the landlord/tenant relationship and getting them wrong can be an expensive exercise. For instance, a tenant has certain rights when you give notice of inspections or increase the rent. On the other hand, landlords have rights too, especially when it comes to the tenant ending the lease and the condition in which they need to leave the property.

A property manager can help you make sense of these so that you avoid unnecessary risk.

5. Property managers help you maximise your return on investment

Cashflow management is one of the most important factors in property investing, especially for first-time investors. At a minimum, you need to make sure you’re covering your mortgage each month and that your investment doesn’t result in ongoing financial stress.

But to really grow your wealth you also want to be confident that you’re maximising your returns and minimising your outgoings. A property manager can do both. Helping make sure your investment delivers a strong yield in both the short and long term so that your cashflow runs smoothly and your rental return remains high.

If you’re looking to grow a property portfolio a property manager can also advise you on your next move, using their knowledge of the market to single out properties with potential for capital growth. They can also advise you on the right time to consider acquiring a new property and help you understand what it means for your day-to-day finances as well as for your future wealth.

In short, a property manager can save you time and money, helping you make the most of your current investment while using their expertise in the property market to ensure you do everything you can to maximise your wealth in the long-term wealth too.

Source: The Property Investors Alliance

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Meet The Serial Entrepreneur Behind The Cover Of The March 2022 Issue Of Global Millionaire: Meeta Vengapally

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Notoriously known for founding and successfully exiting a fitness and tech platform Garnysh, Meeta Vengapally has made a place for herself as an investor, advisor, and Board of Director in the business world. The woman serial entrepreneur is also a writer and Top Influencer in the industry noted by Forbes and momager to Winston and Sitara Vengapally. Recently she was also seen at the judges’ table for the Ms. California Pageant. Highly sought-after by wide genres, including tech, lifestyle, fashion, and beauty companies, this self-made multi-millionaire continues to pave the path and inspire women and men. As of 2022, Meeta’s net worth is reportedly estimated at 10 million.

Meeta also holds an M.S. in Psychology, and she wrote her thesis on mindfulness which has been published and is currently available on Google Books. She has continued to write about women in business and current social issues for major publications. Because of her status and influence, she has been featured in top-tier publications such as Forbes, MSN, Entrepreneur, BuzzFeed, Thrive Global, Inc among others. As a top influencer, she has also worked with several high-profile brands such as Kat Von D, Sephora, Elizabeth Arden, Pixi, and many others.

Meeta’s entrepreneurial roles include being an investor and part of the Board of directors to several Silicon Valley startups and several global companies. Most of her time is split juggling between being an entrepreneur and managing her kids Winston and Sitara, who happen to be actors.

Global Millionaire Magazine recently caught up with Meeta to discuss her journey in the industry, and here’s what went down:

Could you please tell our readers a brief background about yourself and how you started your business?

I’m known as the founder and CEO of a fitness and tech company formerly known as Garnysh, which was acquired right before the pandemic. I’m also recognized as one of Forbes’ Top 5 Social Media Influencers. Currently, my entrepreneurial roles include being an Investor and part of the Board of directors to several Silicon Valley startups as well as some global companies. Most of my time is split between doing that and managing my kids Winston and Sitara, who are actors.

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

To be honest, I’m currently in a balancing act game, trying to manage everything on my plate. But even so, the entrepreneurial spirit stays open to any new opportunities, ideas, and projects. I am grateful for my team to tackle everything that directly correlates to my focus, drive, and undying desire to do it all.

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

Mostly Instagram and Facebook, but I have to admit that social media sometimes needs to be on a snooze mode to stay focused.

What is your main tactic for making more people aware of your brand and engaging your customers? How did your business stand out?

Authenticity and openness to failure go a long way. I learned that in the initial days of my business. Staying original to the idea, no matter how big or small I think, leads to the roadmap of the business. Then it’s a matter of taking small steps daily, which eventually become part of the big picture. I believe my business’ uniqueness was how we approached our initial customers. We built a product purely based on our beta testers’ feedback. I failed and pivoted, then failed and pivoted, and just kept going through this cycle until one day, our platform crashed due to too many orders. That was a true a-ha moment in the face of panic.

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

We didn’t spend anything on marketing. Part of our vision is to be face to face with our customers. This is probably not the fastest or the quickest way to scale at mass levels, especially when you are just starting with limited team members. However, it was very important to me to start local, gain feedback from the get-go, and have a personal touch.

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

Saying no to opportunities due to too much going on. Because I’m directly managing both of kids’ acting careers, I’ve had to make some choices to make room for this adventure.

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

I wouldn’t call it a mistake per se, but I do understand one thing which I think some people can benefit from. You don’t need to spend a lot of capital when starting out. And another huge trend I noticed as a new founder and now as an investor is that people ask for funding too soon in the game. We don’t invest in ideas; we invest in proof of concept and the team. I am humored when the wannapreneurs try to “pitch me” their idea but have nothing to back it up with.

What is the best advice you have ever been given?

You will never influence the world by being just like it.

What new business would you love to start?

I would love to contribute to the mental health space. I’ve always had a passion for it, so I’m currently pursuing my Ph.D. in Psychology. I don’t know about business, but I would like to give back by doing what I can in that space.

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

I’d change my narrative and the self-talk. I’d love to have seen me get started sooner than I did without ever doubting myself or my drive.

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

Outgrind, outwork, outhustle everyone and look at your competition as your inspiration for improvement.

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Revealed: The Celebrity Car Collections Worth Up To $350 Million

New research has revealed the famous faces with the most expensive car collections in the world, with Ralph Lauren owning the most valuable car collection after royalty!
The team at Bill Plant Driving School has analyzed estimated values for celebrity car collections – from the Sultan of Brunei to Messi and Floyd Mayweather Jr. The research also looked at the most desired car collections, by annual Google searches.
The Sultan of Brunei, Hassanal Bolkiah, is the owner of the largest car collection in the world: a total of over 7000 vehicles with an incredible value of $5bn! Although, it has long been rumored that many of his prized, rare wheels have been sold or abandoned following some financial troubles.
Coming in second place is fashion mogul Ralph Lauren, owner of a $350 million car collection ranging from exotic hypercars to vintage race cars. The collection includes several rare models: a 1962 Ferrari 250 GTO, McLaren F1 LM, 1929 “Blower Bentley” 4½ Liter, a 1930 Mercedes-Benz SSK “Count Trossi” (aka “The Black Prince”), and a Lamborghini Reventón Roadster, to name a few.
Most valuable celebrity garages:

Rank

Celebrity

Value

1

Hassanal Bolkiah

$5bn

2

Ralph Lauren

$350m

3

Lawrence Stroll

$185m

4

Jay Leno

$150m

5

Jerry Seinfeld

$100m

6

David Letterman

$50m

6

Lionel Messi

$50m

8

Manny Khoshbin

$30m

9

Floyd Mayweather Jr

$25m

10

Ian Poulter

$24m

The research also looked at the celebrity car collections that people desire the most, and found that Cristiano Ronaldo’s cars register the second highest number of google searches.
Jay Leno owns the most desired collection: around 286 vehicles, including some of the last remaining models of vehicles such as the Duesenberg Model X and Chrysler Turbine Car. He also has his own TV show called ‘Jay Leno’s Garage’.
Elon Musk and Jeff Bezos are in third and fourth place, with 49,200 and 46,500 Google searches respectively. Bill Gates’ collection also makes it to the top 10!
Most desired celebrity garages:

Rank

Celebrity

Annual Searches

1

Jay Leno

175,500

2

Cristiano Ronaldo

112,000

3

Elon Musk

49,200

4

Jeff Bezos

46,500

5

Kylie Jenner

43,800

6

Ralph Lauren

38,500

7

Hassanal Bolkiah

36,100

8

Jerry Seinfeld

35,700

9

Bill Gates

34,800

10

Lewis Hamilton

31,200

This article was sourced from a media release sent by Olivia Smith of Digitaloft
Editorial credit: Michael Cola / Shutterstock.com
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The Big Reason Sydney’s Residential Property Will Be The Winner In This Pandemic

By: Justin Wang

At the beginning of the COVID-19 outbreak, I said that Sydney’s residential properties will become the winner out of this epidemic. This confidence is based on my long-term research and unique understanding of Sydney’s real estate market, and it is based on the “PIA investment philosophy” that I have concluded over the years. I always have great confidence in Sydney’s residential property market. In 2004 and 2005, whilst many people were pessimistic about the market, I said that there was no problem with Sydney’s residential market. The problem was that we lack an understanding of Sydney’s residential properties. During the Global Financial Crisis in 2008, the value of real estate assets in the United States fell by 30% and by more than 20% in the UK. Many international institutions, including the International Monetary Fund, predicted that Sydney’s residential property would suffer the same decline, yet I held the opposite view. And I was right.

The impact of the COVID-19 on the economy is unprecedented. So, why am I still confident in the Sydney residential property under the current circumstance?

The epidemic will have an impact on all assets, however, some will resist the negative impact based on the characteristics of the assets.

One of the characteristics of Sydney residential assets is that the character is mainly based on the internal factors of supply and demand and high development costs. The residential asset is less dependent on other external factors. So when external factors negatively impact the economy, the Sydney residential assets always stand out in the crowds.

The value of Sydney’s residential properties, or their ability to withstand price drops, depends on two demands. One is housing demand and the other is investment demand.

Regardless of the development of the epidemic, people still need housing. When people cannot go to the office to work or have food at restaurants, housing becomes even more important.

Although border closure and the rising unemployment rate will have a certain impact on the demand for housing and rental affordability, 95% of the demand for housing is still there, and it is still very strong. The NSW Government has recently decided to spend 500 million dollars to buy residential properties from private developers to meet the needs of society. Although this is not enough, at least we can see from the government’s action that residential properties are still in short supply.

The second demand for housing is investment demand. I said earlier that the residential properties in Sydney are Noah’s Ark of wealth. The Bible records that when the flood came, the righteous Noah escaped the disaster using Noah’s Ark. Under the trend of economic downturn and wealth loss, we cannot expect wealth to grow. We shall learn how to preserve our wealth first.

In judging whether an asset is suitable as a carrier of our wealth and to ensure the longevity of our family wealth, we need to consider the following aspects: 1. Whether the ownership is permanent; 2. Whether the asset can maintain its value; 3. Whether the asset can appreciate. 4 Whether the asset can generate passive income.

Those assets are quite limited and examples of those assets are cash, stocks, shares, gold, collection, etc.

Cash has permanent ownership, but it cannot appreciate or maintain its value. Under normal circumstances, it will depreciate due to inflation. Normally cash deposits can generate income by gaining interest. However, when the epidemic caused an economic downturn, the interest rate kept dropping to a record low level. If the global epidemic cannot be controlled, the interest rate will remain low for a long time, we may even see a negative interest rate. If a person has a deposit of $ 2 million in the bank and the interest is 3%, then he can live with $ 60,000 per year. If the deposit interest drops to 0.5%, the interest will suddenly become $ 10000 which is not enough for him to live. If he wants to maintain his living standard, he has to make good use of the principal. From this perspective, the cash had devalued. Governments all over the world are borrowing heavily to issue more money, resulting in a huge deficit. Who will make up for this black hole? The easiest method for governments is through the depreciation of the existing cash deposits. On top of that, some people say that the world’s debt will be paid by the entire generation. This means that the interest is likely to remain low for a long time.

For stocks, it’s needless to say, not only may the stock price fall, but we may not expect to receive any dividends in the near future either. However, a lot of public companies may go bankrupt, then the value of their stocks will become zero. Not even mentioning return, stocks can’t even guarantee ownership.

Though trading stocks are shares issued by publicly listed companies, companies that are not publicly listed and their shares can face the same issue too.

We say the collection market flourishes when times are good because everyone has money. Now that everyone has no money, many companies can no longer survive anymore, and life can not be carried on in the same way. Under this circumstance, the collections naturally will not appreciate. The collections are merely embellishments of economic prosperity unless they have significant value to human heritage and history. 

What about gold? I have never advised people to invest in gold. Though the ownership of gold can be guaranteed, it cannot be preserved, appreciated, and it cannot generate passive income.

What about real estate? Commercial real estate, retail real estate, and tourism real estate are already facing problems. And the problem will not get too much better after the epidemic. Because the epidemic has changed the way we work and consume. The longer the epidemic drags on, the bigger and stronger this change will be, and the world will not be the same again. E-commerce and the home office has already become a trend. This epidemic has made these changes come faster and more thorough. So in the foreseeable future, the world no longer needs that many offices and retail stores. For the shops and offices that lost their tenants during the epidemic, it will be difficult for them to find the same rental demand as before. It will take a long time to find new ways to use those office buildings and shops.

No matter what happens in the world, people must have a home. When the border was closed, some people could not enter the country. But for people who remain in the country, they must have a home.

Residential property as a form of real estate will never lose its advantage. As its ownership is permanent, and its living function will never disappear. Because of the epidemic, people may choose to order food online, shop online, or work online, but those activities need to be done at home, so the value lost in commercial properties is being transferred to the residential properties. From this perspective, the residential property has gained a new utility value because of this epidemic.

When disaster strikes, no one can escape its impact, so does Sydney’s residential property market. Many people worry about whether this epidemic will affect their rental income. The impact will definitely be there, but even if it does, it will not affect Sydney’s housing market being the winner in the wealth race.

Interest on long-term deposits is less than 0.5% p.a only.

The yearly return on government bonds is only 0.75%.

Stock dividends can not be counted on at all,

Business operations are very difficult.

Only Sydney’s rental market has a return of 2.5-3% after deducting 1% of outgoings. Even if the vacancy rate rises to 6%, which is double the historical average vacancy rate, the rental return rate can still reach 2.35-2.5%. This is still considered a good return compared to other investments.

If we see Sydney’s residential property as an asset, not only we need a stable rental income, we also want capital growth. There are five Don’ts in PIA’s business philosophy. One of them is not to make subjective judgments on the market. Here I will not say when the house price will grow back and how much it will grow. But here we can give you a few tips and, you can think for yourself.

1. Under immense financial pressure, the residential housing prices in Sydney have not fallen so far.

2. Two of Australia’s major construction and real estate industry associations have joined forces to lobby the government to provide tens of billions of dollars to support property development. The reason is not just to stimulate the economy, but responding to real demands.

3. The government has started to discuss canceling stamp duty to stimulate residential property sales. Although the sales of off-the-plan properties are not good at the moment, we are not seeing a significant drop in land prices. On the contrary, because of the epidemic, and the stricter building standards set out by the government, the construction cost has begun to rise. If the land price does not fall, and the construction cost increases, there is no room for property prices to fall.

4. Although it is estimated that net immigration will decrease in the future due to the epidemic, the facts may be on the contrary. Some people currently living overseas with an Australian permanent residency visa will return to Australia because of Australia’s ability to keep the epidemic under control. In addition, as Austliaa built upon immigration, increasing immigration is the best way to solve the crisis and revitalize the economy. This happened in the past, so it will happen this time. The only difference is that this time only the high net worth immigrants who create job and investment opportunities will be welcomed. Those who are only there to get welfare payments or do low-end jobs will be kept out.

5. News from today says the Government is considering priority entry of international students into Australia.

Because international students will not only affect Australia’s education export industry they will also boost the real estate market again.

When the government announced the mandatory closure of multiple industries, it was specifically mentioned that the construction industry will be business as usual. When easing the restrictions, the open home inspection is among the first batch of restrictions that have been lifted…..

I personally feel that the prosperity of Sydney’s residential property market will come sooner than most people think, and the real estate industry will recover faster than many other industries.

Some people say that living through this COVID -19 is like being through a world war. Then you may wish to take a look at the historical data on and how property prices in Australia have risen right after the First World War and the Second World War.

The above is just my personal opinion for your reference only.

Disclaimer: the above article contains information about PIA and the investment philosophies of its founder and MD, Justin Wang. The information and material are purely for information and general marketing. In reviewing this document you acknowledge and accept that no representation or warranty in any way whatsoever and howsoever is meant or intended in or from any information or material appearing at any time and you do not rely on such. Persons reading this document should always rely on their own independent advice and judgment, and further in making any inquiry with PIA or its employees the enquirer may not rely on any statement whether in writing or verbally made by any members of PIA unless PIA confirms in writing.

Source: PIA

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Entrepreneur Spotlight: Get To Know Brock Murray, The Co-Founder Of Digital Marketing Agency Seoplus+

Brock Murray is the co-founder of Seoplus+, a Canadian digital marketing agency serving clients globally. He started the business in 2012 as a web design and online marketing firm that evolved into a full-service digital agency.

Brock also kicked off Seoplus+ with a friend and business associate, Eddy Abounehme. They had worked together previously in IT, and they partnered up to create a web design firm. They didn’t know where it would go, but with Eddy’s mentorship and advice and Brock’s digital marketing skills, they saw the potential of growing their business to be a leader in their industry.

Global Millionaire Magazine recently caught up with Brock to discuss his journey as an entrepreneur, and here’s what went down:

When did your entrepreneurial flair first reveal itself?

Since I was a young child, I remember having an entrepreneurial spirit. I come from a family of entrepreneurs – my aunt, uncle, and grandfather all had their own businesses. This gave me the insight and opportunity to help them in their business, all the while setting the stage for me to do the same.

Even at the young age of 9, my sister and I created AMBRO’s community newspaper (Amanda + Brock). She would write articles about anything from the Spice Girls to the Ottawa Senators to book reviews, and I would go door-to-door around the neighbourhood to sell issues and pitch local businesses to have their business cards included in our issue. 

Coincidentally my sister Amanda is the General Manager at seoplus+, so we have continued the trend of creating content and helping local businesses in our community.

How did your life look like before being an entrepreneur?

Before being an entrepreneur, I worked for many businesses in various roles. I did everything from telemarketing (cold calling), media (cameraman and audio technician) for local sports teams, for a local IT firm, as well as doing freelance web design for customers in various industries. 

As an entrepreneur, what is it that motivates and drives you?

The thing that motivates me the most is helping people. Nothing is more rewarding than hearing from a business owner or marketing team that I have helped them grow their business. That ties directly into our company mission to make life better for our team and our clients.

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

Growth.

It’s all about growth – both personally and professionally. You need to grow as an individual, looking for ways to improve and keep up with trends and opportunities. As a business, if you aren’t growing, you are dying. At times it can be uncomfortable, but this is when you are truly growing. So be comfortable with being uncomfortable.

What were your top three motivations for starting your business?

My top three motivations for starting a business were: 

(1) Following my passion. I love digital marketing, and I couldn’t imagine doing anything else.

(2) To be my own boss. Being a Leo, I am a natural leader, and I always wanted to lead a team.

(3) Control my destiny. I always envisioned being a part of something big, which would give me freedom later in life.

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

The key elements for starting a business are:

  1. Have a plan. Conduct market research and be real about the opportunity, so you don’t fly blind.
  2. Build an amazing team. Have a strong vision, mission, and values that your team can get behind. Build a strong culture and get buy-in to ensure company success.
  3. Know your strengths and leverage them. Everyone has strengths and weaknesses, so be sure to look for ways to make the most of your strengths and have others care for areas where you aren’t as strong.

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

The three biggest challenges I faced in growing the business were:

  1. Building predictable revenue. Initially, we launched as a web design firm. This was a challenge as web projects are typically a one-time/project-focused revenue model versus recurring. We wanted to create a predictable, recurring revenue model that would allow us to grow consistently while having the cash flow to fuel that growth. So we pivoted to create a new brand and service offering that allowed us to do just that.
  2. Creating demand. When I started the business, I had very few connections – my business network was very small. I had to find a way to create demand for a service (SEO) that many businesses didn’t even know existed. They most certainly didn’t have the budget for it. I started by leveraging any contacts I did have, attended networking events, got involved in the community, and bit by bit, was able to get bigger and bigger clients by being a trusted resource for businesses.
  3. Building a strong culture. Roughly five years into the business, we had a rough patch with staff turnover. For a company of approximately 15 people, we lost about 5 in about a month. At first, I took it personally. Where did I go wrong? What did I do? The biggest thing was the lack of clarity and communication around our mission, vision, and values. We then clearly defined these, lived them out daily, and included them in everything we did. I committed to leading by example – day in and day out. This was a turning point in our business, and we haven’t looked back since.

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

What is beautiful about our business is we practice what we preach. Our core service offering is SEO, so we led with just that and dominated locally first (for terms like “SEO Ottawa”) and eventually ranked for national terms (“SEO Services”, “SEO Canada”), which generated countless business opportunities for us. At this point, we generate a ton of referral business – where our clients refer their associates to us. We care deeply about our clients, and we always go the extra mile.

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

The most important leadership lesson I learned in business is always to evaluate challenges with the “people versus process” question. If there is ever an issue, problem, or challenge, always ask: was the issue related to a (broken) process or people (problem). Typically managers/owners tend to look at the people first versus asking how we can fix the process to protect the employee and the customer. When you make incremental improvements to your processes, this helps improve the customer experience, enabling you to scale your business and helps protect your employees.

What is the best advice you have ever been given?

The best advice I ever received in business was to read Jeffrey Gitomer’s Little Red Book of Selling

The book taught me to win business by being a trusted expert, network myself, the business of being a thought leader and around personal branding. It’s not who you know; it’s who knows you.

This helped push me to deliver presentations at industry events and attend networking events, which took a ton of energy but has paid dividends over the years.

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

The advice I would give to a newbie entrepreneur setting up their first business is to follow your passion. Being a business owner is a rollercoaster. The highs are high, and the lows are low. When you are following your passion, this helps you through the tough times. I am a huge fan of the quote, “Choose a job you love, and you will never have to work a day in your life.”

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High Rises Vs Houses: What’s Better For You?

With house prices constantly soaring and populations growing rapidly in major cities, apartment living seems to be the way of the future. Our busy, fast-paced lifestyles have meant that the dream of owning a house in the suburbs is transitioning to feature a high-rise building instead.

In addition to these factors, it helps that apartments these days offer a broad range of benefits that you don’t have in a traditional house. People are increasingly gravitating towards apartments from lobbies that rival expensive, five-star hotels to communal pools and gyms.

Here are just a few reasons why this is happening in your city.

Apartments offer a unique lifestyle and affordability options

Apartments tend to create more of a community feel than houses do since you’re in the same building with anywhere from a handful to hundreds of other residents. Most apartment complexes also come with communal outdoor areas, which are great for relaxing and socializing. Additionally, since apartment living is generally concentrated in city centers, there’s always something happening right on your doorstep. Not to mention the transport and shopping convenience that living in close proximity to a city would offer.

Most notably, apartments are usually significantly cheaper than purchasing a house, making the lifestyle more accessible to a broader cross-section of the community.

Major maintenance and amenity convenience

Apartments tend to have a lot less maintenance work attached to them than houses do. Green spaces tend to be smaller and more basic; oftentimes, professional maintenance staff are paid for using strata fees and they handle all the gardening and upkeep. No mowing and cleaning mean that you get to save a lot of time and energy.

In addition to maintenance convenience, apartment complexes often come with facilities such as pools, roof decks, entertainment rooms, and gyms. Still, some newer developments will even offer pet-sitting, laundry, childcare, and car washing services. What better way to meet neighbors and make the most out of the place you live?

Security and peace of mind

Unlike a conventional ground house, an apartment offers a lot of security. At the very least, you’ll need a key to get in through the security doors, but some newer developments offer concierge and keycards, similar to a hotel. Access to lifts and amenities is also limited to residents only, and CCTV monitors many apartment complexes. Whatever your reason for wanting that extra security, apartment living can offer you peace of mind.

If apartment living sounds like a future you’d want to be a part of, PIA can help. They offer a wide range of rental properties in Sydney, purchase and investment options – including off-the-plan projects.

This article was sourced from the Property Investors Alliance

Photo by Max Vakhtbovych from Pexels

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Meet The Entrepreneur Behind The Cover Of The February 2022 Issue Of Global Millionaire: Carl Runefelt

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There is no shortage of wealthy people in today’s world, but a few special minds have changed their fortune miraculously. Where contemporary entrepreneurs struggle to gather thoughts and strategies with plans of progress with half or full decade stages – Carl Runefelt has done wonders in just a few years; it is a tale worth narrating. There are very few smart people around us. These smart brains made it possible in less time, with minimum effort compared to others, and the only thing that makes them unique is being perceptive and modern about their method toward their goals.

Founder of The Moon Group, Carl Runefelt is an entrepreneur, motivational speaker, and philanthropist. The Moon Group is a group of companies in the cryptocurrency space. Currently, his establishments are working on numerous projects to increase the adoption of crypto into the mainstream economy using blockchain technology, not just financial markets.

Carl is most known for his success on YouTube and his huge following across all social media platforms. He has the largest crypto analysis channel on the platform and is one of the biggest Twitter personalities in the crypto space, with over two million followers across social media. Runefelt is the fifth most influential person in the crypto industry, according to Hackernoon.

In an exclusive talk with The Global Millionaire, Runefelt said, “The power of my social platform has greatly assisted my abilities to bring mass awareness to crypto and showcase individuals on how they can use crypto to better their lives, just as it did for me. It’s a great way to reach and impact others.”

Carl said, “My net worth has exploded in the past 3 years due to my 350 plus investments in crypto start-ups, my yield farming strategies, and the increase in the valuation of all my crypto companies. My goal for the end of this year is to be among the top 100 wealthiest people globally, making me the youngest person on that very list. I’m the founder of multiple companies, and Kasta is one of the companies I co-founded. Kasta is a payment solution; it enables us to make crypto payments instantly and for free. Kasta will help mainstream the adoption of crypto which aligns with one of my long-term goals”.

Twenty-seven-year-old Runefelt mentally transformed himself into a person. From where he was to where he is and now to where he’s headed. It’s been a shift of mindset and approach towards life. Self-belief and optimism about the future provided him with the enthusiasm, courage, and strength required to go through the barriers. The entrepreneur dropped out of school early because he was unable to concentrate due to Attention Deficit Disorder (ADD). He started working in a grocery store to make a living. During that time his daily routine consisted of working at the store and sitting at home watching YouTube videos but essentially being unproductive. He realized he needed a change because if he continued to live like this he’d never have the life of his dreams. More than anything, Runefelt wanted to do something that would make his parents proud.

Talking to The Global Millionaire, he said, “When I was working as a cashier in a grocery store, I was watching luxury content on YouTube and Instagram of successful billionaires; this inspired me. I was so motivated by watching these people with their Bugatti’s and expensive watches that it helped me visualize my dream life; it helped me to get where I am today. Now that I am in the same place as the people I watched back then, I want to give back, that’s why I am showing people my luxury lifestyle. By showing them my Bugatti, my office, my million-dollar crypto punk NFT, I wish to show people that you can go from working in a grocery store to buying a Bugatti within 3 years if you simply use the Law of Attraction and prioritizing mindset, realizing, that mindset is everything.”

Carl is also a philanthropist, sharing a bit about his social work he said, “previous year I donated an amount to a charity for disabled children. This year one of my goals is to donate a lot of money to charity through smart campaigns. I’m currently developing a few that I am excited to release publicly soon.”

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

He believes achieving success is not a matter of luck; it is a decision. He said: “I thank myself every day. I decided to become the person I am today because I wasn’t happy with who I was before. The way to become whoever you want is to believe in your mind that you’re already that person. Act as if it’s already your reality, and you’ll attract it. When I was working in a grocery store, I was visualizing myself with a Bugatti and flying in a private jet on a weekly basis. Now it’s finally my reality.”

Explaining why he presents his lifestyle extravagance on his social media he said, “sharing my luxury lifestyle has a huge symbolic value, hopefully inspiring millions of people to go out there and realize that they also can achieve their dream life if they just put their mind to it. One of my biggest missions right now is to teach people about the Law Of Attraction and how it can change your life, just like it changed mine completely.”

Carl now employs over 120 employees, working for him directly under The Moon Group. This is an enormous achievement as he directly impacts his employees’ lives. He is very happy with himself, and so are his parents. The fact that he was able to get to this point in such a short period of time working on creating his crypto empire is incredible.