6 Unwritten Rules of Business

There are a lot of issues in our society and addressing any of those issues can get you started, all you are supposed to do is look, look closely.

Businesses are what drives the economy of the country. Businesses are the way forward as it paves the path towards the creation of more jobs and thus, more employment opportunities are generated. Businesses just do not come into being, they are a result of need identification in the market. Those who tap into those needs to find them themselves enacting a business.

When businesses come into being, they are governed by certain rules and regulations. Some of these rules are written explicitly whereas others are unwritten. What are those latter rules? Read on to find out below.

1.      Sending prep materials before a meeting

Where there are businesses, a number of meetings are conducted to ensure operations run smoothly. Business meetings are crucial as members of the management committee (most of the time) sit together, to sort things out. They discuss things how the business operations will be furthered and what resources will be required to achieve these objectives.

So imagine you have this big meeting coming up tomorrow and you are entrusted with the task of seeing things through, it is imperative that you send out the meeting details before 5 pm and a day earlier. Nobody will spell this out for you, these are just the things are and is one of the unwritten ones out there.

2.      Requesting a meeting with at least a week’s notice

Another one of the unwritten rules is intimating the party of a meeting at the eleventh hour. Even if you inform the person earlier in the day it is just not the same. You do not know if the party is available in town or has his hands full with some other engagements. Therefore, you ought to exercise care.

No matter if you are being polite or is scheduling a meeting at a dinner or at coffee, intimating the concerned party at least a week earlier is the way to do things. There is no way around to it unless of course the matters are really pressing and ought to be discussed on an urgent basis. Point being, you cannot take others' time for granted.

3.      Know the answers in a board meeting

Okay, this one is fun. If you happen to be a CEO of the company and you are is in the presence of your management committee members, never ask a question out loud. The unwritten rule here states that act like you know the answers to everything that is going in the board meeting. You can later refer to your close aides and seek answers to the questions you thought you needed clarification about.

4.      Sending meeting invites

If you are in a position of scheduling meeting between you and the other person, it is your duty to send the invite with a subject line that will make sense to the receiver. And if you are a facilitator setting up the meet between two or more parties than the subject line should make sense to both of them.

Now you must be wondering what would be an appropriate title, well, let me first tell you what would be an incorrect title, “Call with Greg” or “Catch up” are few of the titles that would make no sense whatsoever to either of the parties involved gearing up for a meet. Hence, the correct title would be “Meet with Craig/sender’s name followed up with the idea for the meeting." Believe you me, setting your subject line straight will bring you huge favours in the business.

5.      Manage financial forecasts

Business forecasts usually fail and by failure, I mean on the negative side. Experts hope forecasts to surpass their expectations but they seldom do. So it is from them we have learned that financial forecasts are a tough business.

Thus, to face forecasting errors right after having garnered funding is a BIG ‘no’ and should be avoided at all costs. It is because you can come back from missed forecasts but there is no coming back from lost trust.

6.      Be transparent with your edits

There will be times when certain contracts are drawn up because businesses work in liaison with other businesses and MoUs are traded where each business states it terms or code of conduct with another. It could also be other forms of documents too and not necessarily contracts.

Care should be exercised that whatever edits you have suggested to the other party they should be clearly identified with red showing where the changes will be incorporated. Alongside, send a clean version where only your suggested edits are shown. Do not just send them the clean version to figure things out on their own.

Top Reasons why Grease Trap Maintenance Should Not be Ignored

Looking for a grease trap service near me? Look for the authorized and reputed cleaners in your area for taking care of your general wastewater needs. A common faced by numerous commercial food establishments is how to deal with grease, oils, and fats from the dishes. Majority of the commercial kitchens have installed a grease trap.  Although the grease trap filters the waste efficiently, they too need cleaning at regular intervals. Below we have provided some valid reasons why you should frequently clean your grease trap.

Over the course of time, kitchens will be generating waste and dirt from cooking especially liquid waste like grease, oil, and fat. Unlike at your house, where you simply pour oil, fat, and grease into a container for disposal, cooking in a commercialized kitchen is little more challenging. When waste tends to accumulate, it becomes a huge issue if you are not having a proper grease trap maintenance service in place, so finding for grease trap service near me is the best place to start.

Grease Trap

A grease trap or a grease interceptor comes in various sizes from very large to small. Typically it is connected to a sink and its main work is preventing the oils, fats, and grease from accumulating in the sewer system. Grease traps are especially found in commercial kitchens.

Why there is need of a grease trap?

Large setups like cafeterias and restaurants in schools will be generating massive amounts of waste. This waste, if not handled, gets accumulated in the sewer pipes and can create more problems like the restriction of wastewater flow, foul odors, and blocked sewers or drainpipes. The greases, fats, and oils that these commercial kitchens produce are greater in frequency and volume as compared to smaller kitchens, so it is crucial that the grease trap must be cleaned by a grease trap service near me provider for ensuring the pipes and the things they are connected to remains safe and functional.

Working of a grease trap

A grease trap works by cooling hot greasy or warm water. The cooling of oils, greases and fats allow for the separation of various waste layers and the oil as well as the grease in the water floats to the top of the trap. The grease minus the cooler water continues flowing down the pipe to the sewer.

Why servicing is required for a grease trap?

If you do not maintain your grease trap, you risk having a backup, either because of an outlet blockage or it needs to be cleaned. These problems result in expensive repairs for your business. By servicing your grease trap on a regular schedule helps to ensure that your drains are running smoothly. The general rule is you need to clean once every month. However, for instance, a restaurant generates a huge volume of waste that requires more frequent cleanups. It is more important to note that the quantity of grease inside the trap hits the 25% mark. At this point, the grease trap will not perform well and the oils, fats, and grease will start escaping into the sewer line.

Five Key Suggestions to Choose the Best Grease Trap Cleaning Service

A large number of hotels and restaurants get fined every year by municipalities for not cleaning their grease traps properly. Some business owners forget to do it while some just hire a substandard grease trap cleaning company that does not know how to do the job properly. If you are also running a commercial kitchen, it becomes very important for you to hire a good grease trap cleaning service.

But, how to select one out of so many options out there? Well, it is not a difficult task if you use the following suggestions to choose the grease trap cleaning service:

1. License and insurance

The first thing you need to look for when choosing a grease trap cleaning firm is license and insurance. A valid license ensures that grease trap cleaning company you are interested in hiring is knowledgeable, skilled and certified, and passed the state’s licensing test. And an insured company means that you are protected from being held responsible in an event that their staff gets involved in an accident while on your property. Ask your grease trap cleaning to show the copies of license and insurance.

2. Experience

Look for a local grease trap cleaning company who has few years of experience under its belt. Ask your company about their experience in the industry. For how long they have been working at the current location. Do they have proper knowledge about how to deal with collected waste? Hiring an experienced cleaning company gives you the assurance that they’re knowledgeable enough to give you a quality service.

3. Reputation

Usually, best grease trap cleaning services have positive reviews, better BBB rating, and clients’ recommendations. It rarely happens that a good cleaning company has a bad reputation. So check the reputation of the company. You can read the online reviews and testimonials of clients and check the BBB rating of the company. It will give you an idea about the reputation of the company. You can also ask your grease trap cleaning company for references. By calling these clients references, you can ask about the quality of the work performed by the company.

4. Customer service

How your company communicates with you plays an important role not only before hiring but after the job as well. Check out their level of customer service. Do they respond to your queries? Do they provide assistance if something goes wrong after the cleaning? Do they back their work? These are the few questions you need to ask. Make sure you hire a grease trap cleaning service that values their customers and provide an exceptional level of customer service.

5. Price

Grease traps should be cleaned after every three months so look for a company that provides quality services at affordable rates. If you find a company providing cleaning services at a too cheaper rate than standard market prices, there are greater chances they are not good. Compare the prices of the best cleaning companies in your area, and choose one that offers value at affordable rates.

So these are the five tips that can help you choose the best grease trap cleaning service.

Some essential elements to make your business cards more effective

A simple and random handshake will not do the needful when it comes to reflecting your attitude, goal and objective. To authenticate who you are and what you are capable of, nothing can go as strong as an attractive business card

It will imitate your creativity, stature and seriousness and will convey your desired message to all your clients. But, making a business card is not enough. You have to make sure that your business cards are appealing enough and consist of all the necessary elements. Thus, the essential aspects of business cards are:

Typography

Apart from the printed information on the card, another significant decision that you have to take is to choose the design of your typography. Well, typography is nothing but the science of lettering, where a reader will engage himself with the written word, when they will go through the letters written on the page. Most of the times, the design of typography that you are going to take will take a significant amount of space of your card. So, you can understand how substantial typography is when it comes to business cards. No matter if you order Linen Business cards or presentation folder printing, typography is a very substantial aspect.

Logo

When it comes to the modern business card, there are numerous options of logos to choose from. To make it more acceptable, you can go for a logo which is classy and sophisticated at the same time. It can be a full-color illustration, geometric form or simple crest. You must keep in mind that your logo will epitomize the aesthetic of your business card along with the general feel of your business. Hence, branding experts consider that a logo is one of the most significant aspects of a business. It also plays a vital role in portraying the visual representation of your business and the specialty of your products. 

Paper

The quality of the paper will symbolize how serious you are about detailing. Earlier, when the internet was not on the board to make people find new jobs, the quality of the paper was considered to be the indication of how much you were serious about getting a job. It also used to indicate how much dedicated you are as an employee. Well, the material that you will use in your paper along with the thickness and texture is going to influence the feelings of the card receiver.  And if you want your card to stand out in the crowd, then provide it with some subtle touches like watermarks or beveled edging.

Creative layout

Designers don’t get much space to put down their creativity. But still, there are numerous scopes to incorporate creativity in the layout of the card. Try not to overcrowd the layout of your card with too much information because it can lead to an overwhelming situation and the receivers will feel a sense of monotony. But, with the coming of modern printing technologies, you can incorporate several designs and colors in business cards.

So, these are some of the essential elements that you have to look for if you're opting for appealing business cards. 

Reasons why EDDM printing is essential for your business

Every Door Direct Mail or EDDM printing service is a unique program, which is offered by the Post Office. With the coming of EDDM

To be more precise, EDDM is a kind of specialty printing that ledgers all the specifications and regulations, which is needed to craft an accurate and attractive mailer that is accepted by the post office.

The limitations of EDDM

When it comes to printing abilities, there are endless possibilities in EDDM. The only restrictions that EDDM witnesses are those, which are placed by the post office and for that, you have to follow some permitted direct mail formats. In addition to that, there are some limitations, which will limit the types of mailings that you can send.

Why are numerous customers going with EDDM printing?

Mailing list or address is not required

One of the most intriguing and convenient aspects of EDDM printing is that you don’t have to generate any mailing list or an address. Instead of that, you will be capable of selecting your mailing area by zip code. And the post office will take care of the rest. Usually, they will pre-select the carrier routes and every mailbox in that selected route will receive your piece of the message.

You will get a high-volume access

With EDDM on your side, it will be easier for you to oversaturate your neighbor with your message. They are capable of sending 5000 mails to per zip code per day. Do you want to know the best part? You don’t have to give any hardcore effort to avail the EDDM service. Once you are done with EDDM printing, the post office will take charge from there.

Cost effective compared to traditional postage

Yes, you heard it right. It will take quite a low cost for you if you opt for EDDM instead of traditional postage options. According to the advertisements for the post offices, it will make 50% less money on EDDM compared to traditional postages. Thus, you can to save a reasonable amount of money which you can use on future marketing initiatives.

Oversized options are not an issue

It is a very substantial advantage that you will enjoy while availing the EDDM mailings. You can select larger or oversized pieces, which are not that expensive. Some of the pieces include 8.5x11 brochure printing, postcard printings and tri-fold menus. We already discussed that it is a huge advantage, especially when you are promoting events or special sale.

EDDM will help you to save time

It doesn’t need any permit in case of standard sizes, and the post office takes charge of prep and mail, most of the times. Thus, you can understand that if you avail the EDDM printing service, it will help you save a substantial amount of time.

So, these are the reasons why EDDM printing service is so important for your business.

Why Should You Do An MBA? 2

The article lists down various reasons one should do an MBA and provides practical tips on how to select the right college and course.

Most students join an MBA program for the following reasons:

A simple graduation does not fetch a decent job

Having done Bachelors in Business Administration, there is little choice but to do an MBA

Extending their academic life by two more years

Go far away from their parents and relatives to a place where no one knows them

After doing an MBA, the salary levels would increase dramatically.

Reasons 1 to 4 are legitimately related to the reality of your past.

Reason 5 is a prediction of the future.

But do we know the future and do we know what determines salaries of an MBA?

The salaries are determined by the ability of the placement cell or your own contacts to approach the right companies.

The salaries are also based on the demand and the supply of MBAs. More the demand, higher the salary. More the supply, lower the salary!!

What determines demand?

The MBA college ranking determines the demand not because the students learn better stuff in those colleges, but your ranking in the various exams show that you are hard working or smart or both. Your ranking determines the college you get.

Your own intelligence, attitude and transferable skills determine demand.

The business climate determines demand. If the markets are not looking good, there is no growth and there is less demand. But markets go in cycles, and if today the market is bad, by the time you pass out, the markets may look up.

The state of the recruiting company determines demand. A growing company needs more MBAs than a mature company.

The alumni of the B-school determine demand, based on how they are doing in the market.

Your specialization in the B-school may determine demand, but this is debatable.

What determines supply?

Let us qualify supply in terms of quality and quantity. Fly-by-night operators may offer a cheap MBA, but they also take short cuts in education and placement. Quality is determined not just by the courses offered and the course content, but the quality of the classroom interaction and more importantly, how serious is the faculty member in imparting an education. There are more than 4500 MBA/PGDM programs in the country.

How do we select the right one?

Is the top salary offered to a graduate the right criteria?

Are you similar to that top graduate who got a great salary, or are you assuming that you will be?

Is the same company coming with the same job offer?

Are the market conditions the same?

Are you doing the same specialization and are you qualified for that specialization?

Should you not ask what is the mode (which salary band and what type of job profile did most students get)?

Why is Sales As A Profession, Disliked So Much?

Sales is one of the least preferred areas of career specialization after an MBA. But sales is prevalent in life and in business. This article explains a popular method of getting better at sales and closing more deals.

When I talk to MBA students about sales as a career, a distasteful look fleets across their faces. For may getting into sales after doing an MBA from a top MBA college is unthinkable. I sympathize. The image of a sales person conning you into buying something you do not need comes to mind. I did hardcore sales for 2 years and then decided never to do it again. Lo and behold, for the last 10 odd years I have been spending an increasing proportion of my time selling. As I grow more senior in an organization, I am selling my organization’s products to customers, the organization’s prospects to shareholders and the organization’s values to current and prospective employees.

The reason selling seems distasteful is probably because I am dependent on the ‘buyer’ to make a decision and therefore I am in his power. Maybe this hurts my ego. Another reason could be that there is no set formula for success and we need to make a new effort and come up with a new tactic for each sale. This means we need to understand and adapt to each situation as it comes. There is no predictability and so a perceived loss of control.

Is convincing people not selling? Am I not spending my day in and outside office convincing and being convinced? How can I escape selling?

So let us get real. We sell all our life and sales is unpredictable. There is statistically a 50 percent chance of success or failure. If our success rate more that 50%, we are ahead of the curve.

Although there is no formula, I have adapted the old Xerox methodology for selling. This was called the SPANCO method.

Suspect – list of all potential customers that I need to convince

Prospect – a short list of qualified suspects

Approach – what tactics do i adopt for each customer

Negotiate – Come to terms, monetary and otherwise

Close – get a letter of intent or be the only one in the running

Order – get the money or a contract

In order to sell anything, including myself for a job, I can follow this method.

S: I make a list of all potential companies that I can apply to.

P: I create a set of criteria to short list the targets. This can be based on location, salary, other perks, culture, learning potential, availability of jobs, seniors’ feedback, competition with other job seekers, company financials, company potential etc. I give weight to each of these criteria in order of importance. I then do my research and give points for each criteria (simple one is: 1 for favourable, 0 for no information, -1 for unfavourable). I then perform a weighted average calculation for each suspect and come up with a short list of companies.

A: For each company, I find out who to contact, what is the job, how to meet the person, what makes that person tick (what is in it for him), why will they take me, where and when should I meet the person, in essence the who/ what/ where/ why/ when/ how of each prospect. I need to have a 3-line pitch ready. This is when I customize my resume based on the requirement (equivalent to a proposal).

I do the homework and then I approach the company. Once I have reached a decision maker I make my short pitch and get him to engage so that there is a follow up action. I cannot get a sale done in one meeting and this stage takes time, with different meetings, different deliverables and maybe different approaches.

N: Once the prospect is convinced about the product (me), he needs to get the company to shell out money (salary). So a negotiation starts with maybe the purchase department (HR in this case). This is the time when I need to evaluate the relative merits and demerits of the competition, so I need to know who is the competition and I project myself as the ideal product for the job in the most cost effective way.

C: This stage is when I am the only candidate in the running and the numbers have been negotiated. This is where I am waiting for an appointment letter. Many times, specially like now, these letters can be withdrawn or a renegotiation can happen.

O: This is when I have actually joined or I have a proper contract with the company, the PF has been set up and I am a bona fide employee.

Why Does Your Website Need SEO Techniques?

SEO is the most effective strategy that plays an important role in the success of the online business. Apart from obtaining high rankings in search engine result pages, SEO techniques can deliver incessant traffic to a business website. This article explains why every business needs SEO.

Search Engine Optimization or SEO techniques help to enhance online visibility and increases website rankings on SERP. A number of search engine optimization tools and techniques can be utilized precisely and correctly to obtain the desired results. SEO involves the use of specific phrases and keywords on website content and identifying these keywords when prospective customers search for products and services. There are several reasons to optimize your website and SEO is one of the most crucial strategies that can be utilized effectively for this sole purpose.

Reasons Your Website Needs SEO

To create brand awareness

One of the main reasons to choose SEO in Houston is to build your brand, even though it is considered as a traditional marketing strategy. SEO helps to create content that synchronizes with the requirements of prospective customers and builds links from other sites to this specific website content. It creates an image for your brand in an effective manner and enhances your online presence.

Delivers impressive ROI

Investing in SEO is a long-term strategy that delivers high Return over Investment. However, Search Engine Optimization must never be perceived as a way to generate immediate sales and revenue. It is an on-going process and it requires time to yield results. Seldom can another online marketing strategy deliver returns like SEO? When utilized properly, SEO delivers the best results with consistent organic traffic to your website. Search Engine Optimization continues to work for years when you obtain services from an experienced and knowledgeable SEO professional.

Enhances user experience

SEO techniques aim to improve user experience and this is exactly the reason why you need professional assistance to optimize your website. User experience has a significant impact on conversions and eventually on your sales and revenue. It also easy to measure the results of your SEO investment and campaign. Tools such as Google analytics can be used to monitor your conversion, traffic, and other aspects that have an impact on your online business. It is easy to analyze those strategies, which function appropriately so that you can allocate your budget accordingly.

Enhances credibility and trust

A perfect combination of SEO and user experience equals to success in business. In the earlier days, it was relatively easy to rank websites with SEO tactics but now it has become quite tricky. It is essential to know your target audience to synchronize their requirements and your products. It is only when you gain trust and credibility that your website can earn authority. However, you need a good website that is easy to use and valuable information to build trust among users.

Optimizing a website is a challenging and complex process that requires time and patience. Now you know why SEO in Houston is pertinent for every business firm- it helps to realize marketing goals.

Three Important Things You Need to Discuss with Your Pediatrician

A child’s well visit is important, as it is much more than just an assessment of their physical and mental development. Kids need to visit their pediatrician even when they are healthy since parents can discuss important topics with the doctor. This article discusses what the pediatrician checks during these visits and the significance of these good visits.

A good visit with your pediatrician in Gaithersburg, MD, is essential for the growth and development of your child at any age. Most parents seldom visit the pediatrician if the child is healthy but an annual well-child visit is quite significant.

A pediatrician reviews the growth and development of your child during these visits. Is your child underweight or overweight? Is your child due for any vaccinations that you might have forgotten? Your pediatrician also analyses the eating and sleeping pattern of your child during these visits.  Your child is screened for autism at 18 months and 2 years of age. While there are several other screening tests done during these good visits, parents need to discuss any changes in the lives of their children, which could affect them.

Things to Discuss with Your Pediatrician

Medical history

Although your pediatrician should be aware of all the medical issues of your child, in some cases, there can be a miss. You need to update your pediatrician on any recent medical issues, accidents, sports injuries, or any other chronic illnesses and the medications prescribed for these illnesses. You also need to update on any over-the-counter medicines that your child takes. Your pediatrician also needs to know if your child uses vitamins, protein shakes, or any other alternative treatment such as acupuncture.

Social changes

It is also important to let your pediatrician in Gaithersburg, MD, know about any recent changes at home such as a divorce, death of a family member or a pet, remarriage, and so forth which might affect have a drastic effect on your child and cause behavioral issues. Your child might have difficulties adjusting to the new situations and might need professional help. Your pediatrician can offer timely assistance when you discuss these changes at home.

Friendship

If your child has no friends at school, it should immediately raise a red flag as he/she is having problems interacting with peers. Is your child bullied or does he/she bully others? Does she play with children at school? Does she have a best friend? You need to talk to your child about his friends, school, and other activities. If you feel there is a reason for concern, it is pertinent to discuss it with your pediatrician during these good visits.

You can also discuss your travel plans with your pediatrician, as your child might need some special vaccines and prevention pills. Well, visit is a preventive visit to ensure that your child has healthy growth and development. Checkups are not just for prescriptions and vaccinations. It is also to ascertain that your little one is physically and mentally healthy and happy.

What is the role of Living Room Carpets

Customizing your carpet adds a personalized touch to your room and adds colour and radiance to your room and in turn your mood. It also helps in coordinating the various rooms accessorize.

Why you should get a Customized Carpet

Having trouble choosing carpet designs that match your room décor, don’t worry, and just design your own carpet as per your needs. Here is the most enchanting experience of a carpet as you have the facility to design your own carpet as per the demands of your room. The huge diversity of carpets available these days make carpet an appealing home décor accessory. They add vibrancy to the room and give it a personal touch. They are used for a variety of purposes; one is providing an additional layer of protection to the floor and prevents it from any damage.

They are available in different types of patterns and designs and now even in your desired designs to embellish the floor of your houses. They can also be made in a plethora of colours by using differently dyed fibres and can be both hand-made and loom-made. Woven, needle-felt, knotted and tufted are some of the many varieties of carpets that are available. Carpets add to the exuberance of the room and help in lightening the overall mood of the user. They also create a positive vibe in the room as they tend to make the room colourful and jolly in contrast to the dull flooring.

Imagine having a self-designed carpet on the floor of your room, sounds amazing right? To fulfill this dream, you are on the right platform as we will personally curate your favorite design on your carpet, all for you. Customizing carpets gives you the opportunity to precisely connect all accessorize of your room and link them all to one chain.

Ï Creativity

Creativity is the path to innovation and this is exactly what you experience with us. We give you the provision of letting your creativity flow freely and come up with an innovative pattern that compliments the beauty of your room.

Custom made carpets give your room a personalised look wherein you decide all facets of the carpet and the room’s overall look. This personifies the room and brings the room to life, metaphorically.

 

Ï Advantages

The greatest advantage of a custom-made carpet is that it can be specially curated in a manner that it goes with the interiors of your room.

This adjusts the carpet as per your room and facilitates uniformity in the design pattern of the room. It brings symmetry and glows in your room and makes it all-the-more lively.

Caressing all nooks and corners of the floor, a customized carpet adds to the personal involvement in the room along with contributing to the vividness of the room. You get to decide the shape, dimensions, colour, pattern and everything else that you want to be a part of your custom made carpets.

This gives you the authority to decide all additional accessories like tassels to be put on the carpet and this instils a sense of confidence in the consumer as he/she gets to decide everything that is a part of the carpet from the size to the design to the decorations.

Customize carpets and decorate your room in accordance with your dream room. Get ready to curate the liveliest carpet for your room.

Are we still looking for committed than competent Arbitrators?

Arbitration can be protected only by neutral and committed arbitrators but unfortunately, none of us want to engage/ nominate an arbitrator who declares that he/she would be neutral always. Due to shortage of work, Arbitrators require canvas for their opportunities. 

Arbitration can be protected only by neutral and committed arbitrators but unfortunately none of us want to engage/ nominate an arbitrator who declares that he/she would be neutral always. Due to shortage of work, Arbitrators require canvas for their opportunities. The requirement of neutrality is more important in arbitrations because the appeal against an award is not a full-fledged appeal and it is just a restricted appeal and hence the award is almost final. The foundation of Arbitration lies in the supremacy of parties to decide the Arbitration procedure, appointment of Arbitrators, qualifications of Arbitrators, Place of Arbitration etc., In a litigation parties cannot choose either the judge or his experience or his qualification but in an arbitration parties are empowered to choose the type of Arbitrator they require in advance while entering an arbitration agreement. Hence the Major difference between a Court litigation and an arbitration is the power of the parties to decide its arbitrators. 

 

Hence, globally in case of a sole arbitrator, he is jointly chosen by parties or appointed by a neutral institution or court is in practice. In case of a tribunal, each party gets an opportunity to nominate one arbitrator each and both the arbitrators jointly appoint the chairman of the tribunal. Such an arrangement gives parties confidence on the panel that is going to decide the disputes between them. The above said systems are followed every where but still many parties do not have the required level of confidence on the arbitral tribunal since in many cases their right to appoint their nominee either get diluted or restricted in such a way that the party gets frustrated and become non-co-operative, right from the beginning.

 

In India, the courts have consistently upheld the conferred right of a party to appoint a Sole arbitrator in its own case. While examining such Arbitration agreements, Courts decide keeping in mind the interest of the Public-Sector Undertakings and Governments and uphold such agreements. 2015 Arbitration and conciliation (Amendment) Act brought in a lot of changes to ensure real transparency and to curtail arbitrators who ignore their conflict of interest in the matter and decide the matter. The said amendment was excessively progressive and incorporated the IBA guidelines on conflict of interest in commercial arbitration into the Act. The said Amendment imposed a mandatory duty on each arbitrator to keep on declaring their availability and conflict of interest throughout the proceedings till the completion.      

 

The above said Amendment generated a lot of enthusiasm among the arbitration community, when it brought in S.12(5) and Schedules V, VII & VII since they promised a promising future for arbitration in this country. The Said schedules prohibited certain category of persons from getting considered to be an arbitrator because of their relationship with either of the parties or the counsels. The said mandate brought under section 12(5) required the arbitrator to declare and disclose any relationship with the parties and the counsels appearing for parties. Schedule V, is a list of relationships describing justifiable doubts for arbitrators for making the declaring under the format provided under Schedule VI. Moreover, the relationship mentioned in schedule V does not disqualify the arbitrator from getting appointed.  But if an arbitrator is covered under any of the relationships mentioned in Schedule VII, then he is disqualified to be appointed as the arbitrator in a particular case. If any person falls under any of the relationships mentioned in Schedule VII then parties may approach the respective High Court under S.14 of the Act and pray for removal of that arbitrator. If any body falls under the category of Schedule V, then the party having justifiable doubts about the impartiality and independence of the arbitrator shall file an application under S.13 before the arbitral tribunal challenging the continuance as arbitrator. If the said arbitrator after hearing the application recuse himself after the application, then a new arbitrator shall be appointed following the procedure provided in the Act. But if the said application is rejected then the aggrieved party will have the liberty to raise bias as an additional ground while challenging the award under S.34 of the Act. 

 

But, unfortunately Parties are still finding ways to overcome those provisions by looking for committed Arbitrators. Arbitration agreements empowering one party to appoint the sole arbitrator is increasing. After DMRC Judgment of Supreme Court all PSUs and Government Departments are preparing the so called broad based panel to restrict the choice of the opposite party, to choose their nominee. Even after such efforts by PSUs appointing persons who are indirectly connected to them, the awards given against PSUs and Government are increasing in a big way. If the panels are prepared based on their domain knowledge and exposure, that may end up in good results. It is also important to note that high value arbitration awards are passed so casually without understanding even the basics of a sustainable award. Arbitration community of our country should realize that time has come that we should look for professional and competent arbitrators, who can deliver fair and sustainable awards.

Improve Your Visual Branding by Hiring a Freelance Designer for Graphic Design Work

A designer can bring aesthetic appeal to your business. Aside from that, there are many reasons why you should hire a freelance graphic designer.

A graphic designer can add an aesthetic edge to your company’s visual branding and help ramp up your marketing efforts. This can include providing you with eye-catching logo designs, attention-grabbing banners, appealing web layouts, and other advertising materials that shout out your brand from the treetops. With the right graphic design resource, your company will stand out and become widely known for all the right reasons.

Having a full-time art department for this purpose, however, may be beyond the financial scope of many small companies. Many large companies also find it to be an expensive venture. It is far more economical to hire a freelance graphic designer as and when required.

Here are some more reasons for hiring a freelance graphic designer:

You Get a Unique Branding Design

In your marketing, you need to stand out from the competition if you are going to grab the attention of potential customers. An experienced freelance graphic designer can help you in this without straying from the “stay classy” track.

You Get Help with Brand Positioning

While looking good is important, you also need to position your company and its services or products in a way that can stir your target market’s interest and curiosity. You want them to recognize your brand instantly and connect it with the services you provide or the products you sell. With their in-depth knowledge of the industry, freelance graphic designers can help you with this.

You Get Cost-Effective Creative Solutions

Hiring a freelance graphic designer is not necessarily going to be cheap. They are going to charge what they are worth, and it will be worth it to your business as well in the long run. Also, you will find it far more cost-effective to hire a freelance graphic designer than to maintain a permanent in-house art department.

You Get Reliability and Efficiency

Like you, freelance graphic designers run a business. For their business to prosper, they must be very professional in their dealings with clients and this means following design briefs, doing excellent design work, and delivering it on schedule. They will also be prompt in responding to your design concerns or questions and they will make any required design changes as soon as possible.

Before you hire a graphic designer, however, it is important to have a written contract that highlights all the work-related points that you have mutually agreed on. These should include the scope of the work, the assurance of work originality, if the designer is to complete the work all at once or in stages, the time-frame for work completion, the number of free revisions the designer is willing to make, the amount the designer will charge for paid revisions, the total amount for the work, and how and when you will make the payment.

Once you have the contract sorted, go over the design brief with the freelance graphic designer and make sure there are no ambiguities regarding its details. Now let the designer work without micromanagement on your part.

Get Your Business Future-Ready with Cloud-Based QuickBooks

Accounting is the most basic function of any business, taking it to the cloud is crucial, but it certainly can get tricky. Cloud-based QuickBooks has become an increasingly popular smart solution for companies in the past decade, especially for small businesses.

If you do not know it already, cloud technology has taken the business world by a storm. More and more companies are moving their core operations to a cloud environment. And why not, the cloud offers multiple benefits that have become essential to compete in the fast-paced world.

Gartner had predicted that about 50 percent of businesses will have moved their basic collaboration and communication systems to cloud platform. The cloud software market will continue to grow at a rate of 18.8 percent through 2019, according to a report by International Data Corporation.

But why should you also move my accounting software to the cloud?

Don’t do it because everyone else is doing it. Do it because you feel it is best for you and your business.

Using traditional accounting software can have many challenges, including:

software is installed only on one location,

backups can create problems with storage,

irregular or no software updates,

data in the system is not up-to-date,

And more.

QuickBooks cloud hosting offers an affordable alternative for small businesses for using sophisticated software for accounting purposes. Also, it eliminates challenges of traditional accounting practices and adds umpteen amounts of benefits that make the workflow more fruitful.

Cloud Environment Supports Accelerated Growth

It is a fact that many businesses have seen significant growth and smoother workflow since moving their operations to cloud based QuickBooks. Let us understand how. 

The cloud provides a platform for collaboration among departments in real-time regardless of the geographical location. The seamless connection means everyone works on up-to-date information and analytics to put their best foot forward.

Cloud solutions enable remote access and flexible resources which are a boon, especially for small businesses. The modern entrepreneur wants access to their data at all times, even when they are not in the office. This can only be possible with QuickBooks cloud hosting. 

With hosted solutions, your worry over the security of your data is taken over by the cloud vendor. A typical cloud vendor has state-of-the-art data centers which are secured with antivirus and firewalls. 

Cloud hosted QuickBooks means regular backups on the cloud which is essential. This means your data is safe even if something happens to you on-premise system. 

There are many more benefits that get added to your already feature-rich software with the cloud. Many are still skeptical in adopting this technology, and to be fair, there are risks in both on-premise and the cloud. 

Security remains the number-one priority, and it is a responsibility for both cloud vendor and the user. Gartner predicts that 95 percent of cloud failures by 2020 will be from the end user’s part. Organizations can reduce the risks by putting various security measures into practice, like two-step authentication or IP restrictions.

Online Marketing Trend in 2019

In this internet marketing industry, we have to update all the innovation and learn continuously with the latest marketing technique and the best significant trend for the business growth.

 1)Video Marketing

 In digital marketing industry, video marketing is one of the most effective method that internet marketer used nowadays from strengthening customer rapport and promoting the brand or products. With the advance technology, it is one of the best way to do marketing in social media channel because people can see all the marketing video or message on their phone. Therefore, we have to write online content that include the overview of the products with a short episode of entertainment and promote it on social media as the eye-catching presentation.

Get my secrets here, https://tinyurl.com/yd8f3ea2

 

2) Internet advertisement

It is undeniable that in present-day, most of the people spend their precious time using their phone for browsing internet and they seldom watch TV. It is reported that some people will spend about 2 hour via internet, in addition to this, almost 3 hour spend on youtube, and news website. All the data remind us to change the promoting channel.

Read more at, https://tinyurl.com/y9h92dpm

 

3) Content Marketing

It is promoting channel that used strategic approach to create valuable and relevant content to reach out to your existing and potential customers. You can find a lot of content marketing whenever read blog, newsletter or articles. Content marketing is one of the effective strategy that internet marketer used all over the world and it is still working because it increase sales and saving unnecessary cost. It is still effective so you have to update or post consistent and relevant contentto get free traffic and generate sales. It will be the future king in online marketing industry.

Get more tips at, http://www.kyalsin.com/inco1/

 

4) Social Media Marketing

It is true that facebook is very popular in social media platform and it was used by young generation and old one as well. Even though there is a breach on many users, some people are still using it. Therefore, you should be careful whenever you advertise it on social media. Instragram is one of the growing trend in social media channel. In addition, we should consider advertising on instragram for the growth of business.

Learn more tips at, https://tinyurl.com/ya5cr2ub

 

5) Email marketing

In all over the globe, millions of people are using email for personal and commercial and other reasons. Therefore, email marketing is still growing and you have to do it effectively and you have to write to grab people’ attention and have to use appropriate design. Before you send it out, you have to check it first how it feel and you can attract people with follow up promotional package via private email.

The easiest steps to follow, http://www.residualincome.kyalsin.com/rin/

 

6) Live video

It is true that live video is one of the growing trend in online marketing. Whenever you do live streaming, you can interact with your customers through comments and it is the enormous effect on your business. In addition to this, you have to upgrade some channel, twich or video.com: which make people to do stream video. Most of the influence are using this live stream and it is very popular in this internet marketing industry. Besides, it gains popularity with celebrity and many business people are using it.  Learn more at, https://tinyurl.com/ya5cr2ub

 

7) Chatbot

It is aso called artificial conversational entity, the part of effective upward trend in online marketing industry. With advance technology in present-date, most people interacting with chatbot, the instant message will be delivered to thousands of people in day or night. It is surveyed that most of the business have been using this chat bot for basic customer service. Instead of waiting for the staff to reply their question, customers prefer responsive answers straightaway, so it comes in for instant message. For instance, Taxi services using this advance technology, passenger can check location of car, safety, time arrival and so on.

 

8) Programmatic Advertising

It is one of the uplift trend that using artificial intelligence to target more specific client and it may have more conversion rate.

If you really want to make money from home, there is a simple step by step method that you can follow.

http://www.kyalsin.com/inco1/

http://www.residualincome.kyalsin.com/rin/

 

Wish you a great success,

Lin Lin

 

A Simple and Powerful Tool for High-Impact Achievement in 2019

Year-end planning helps define your ‘what’. To be inspired in your aspirations, here’s a tool to help define your ‘how’.

It’s coming up to a new calendar year. A great time for planning.

When you plan for your upcoming year, you can be ably guided by your Impact Purpose. That defining statement that summarizes the impact you want to have with your business. I’ve covered the process for clarifying your Impact Purpose in other articles, so I won’t focus on that here.

With your Impact Purpose, it clarifies the ‘what’, but not the ‘how’.

Here’s a simple and powerful tool you can use to guide your ‘how’ in the coming year.

You may have heard of the ‘word of the year’. It’s an aspirational word that encompasses the feeling of how you want to move into and through the year. It captures an elegant idea, the essence of something significant for you. It becomes the catalyst for a deep shift in your way of being.

A meaningful word that really engages your power is about both you and others, how you treat yourself and others, including your clients, your employees, and your suppliers. A meaningful word helps you delineate the ‘how’ of your everyday actions.

In my own past, I’ve used words like, ‘courage’, ‘abundance’, and ‘connect’. To help remind me, I’ve printed the words on index cards and even had a bracelet made one year.

These words have proven to be a powerful guide when I am in the weeds and forget who I am and what I want to achieve. So why not just choose a word of the year for 2019?

Because I’ve changed. I no longer plan my year on an annual basis. I’ve found that annual planning is not nearly as effective as planning for 12 week periods. In those 12 weeks, I can maintain high energy. I can stay highly motivated. I can get a TON done. And at the end, I can celebrate my accomplishments.

With a longer time frame, like a year or more, all of those things fade. The year’s end seems far away, with lots of time to get things done.

Truth? The year’s end will sneak up on you, and you may find that you didn’t accomplish nearly as much as you’d planned.

Using the 12 week time frame has been a powerful shift in planning for me. And I needed an aspirational ‘how’ to match it.

So in this coming year, I’ll be choosing a word of the quarter instead. A word that summarizes the feeling of how I want to move through my 12 weeks.

We all need inspiration for our aspirations.

You can be inspired by adopting this practice yourself, and really kick up serious and impactful change in your first quarter of 2019.