Category Archives: Business

What Happened To Gold And SMSF’s In 2020

Saving for your retirement is important. There are various ways that you can go about doing it but the Superannuation is a common way. Superannuation is compulsory for most people who are tax-paying employees. The employers will set aside a percentage of your salary and put it into a super fund to have financial support on your retirement.

How does it work?

If you are an 18-year-old employee who works more than 30 hours a week and you earn over $450 a month, your employer is obliged by law to pay 10% of your earnings into a super fund. Once your fund receives your contributions, it looks after the money until you retire.

A Self-Managed Superannuation Fund (SMSF) is exactly what the name implies – A Do-It-Yourself super fund. This is a superannuation that you as a member control. You make the decisions on how you want your money to be invested, you can also buy SMSF gold bullion or contribute more. These sorts of decisions have certain tax implications-paying more or including gold in your portfolio could potentially mean less tax – so you will have more money when retirement comes along. A popular reason for setting up an SMSF is that you aren’t limited or affected by the poor performance of a lot of public funds that exist in Australia and you can always choose the best financial planner or accountant to handle your investment portfolio.

According to the Australian Taxation Office (ATO), there are over 600,000 SMSFs in the country with over 1.1 million members.

Getting the most out of your Super

The primary motivation why people choose Self-managed Superannuation Funds is control. When you have control over your fund, you can decide how to diversify your investments. You want to buy SMSF gold bullion because it is a great hedge against economic or political risks. Gold has intrinsic value that fiat currencies don’t have. The price of gold rises in inflationary economies. It has been a valuable asset for many centuries.

Gold has the ability to balance out portfolio returns. It can do this because it has negative correlations to the equity market. When equities fall, the price of gold rises. For instance, in 2020, the Australian stock market plunged 30% in a single month because of fears around COVID, the price of gold rallied by more than 20% which helped protect investor portfolios and in particular those who had gold in their SMSFs. In 2020, gold was arguably the highest performing asset, because it is largely uncorrelated with other types of equity. In the months that global equities and Australian shares fell, the price of gold in AUD rose.

But how much gold should investors add to achieve the maximum benefit?

Economists and financial planners advise that investors should hold 2-10 percent gold in gold to get the maximum benefit from their investments. You can then mix your investments to include property, equities, fixed interest, etc.

Self-Managed Superannuation Funds allow you to structure you’re your pension features to line up with your goals and objectives. Another reason many investors include a permanent allocation to gold – safety and health returns.

4 Tips That Can Aid in Raising More Money For Your Cause

Fundraising is often necessary in order to generate cash that can be used for a specific cause. While you’ve done some of that in the past, there may be some additional strategies that would aid in raising more money for your non-profit organization. Here are some tips that will help you refine the process and hopefully enjoy more participation by the wider community.

Review What Worked Well in the Past

Some of the hints about what to do in the future are found by taking an intensive look at hat has gone before. Some of your fundraising campaigns did better than others. What was it about those campaigns that allowed them to generate more returns from the community?

Identifying those specifics and relating them to an upcoming campaign can provide valuable ideas. Even though you may not be able to use the same approach, it could spark a similar strategy that is a good fit for this project. While evaluating your own past activities, don’t hesitate to do the same with past projects by other non-profits. Some of what you learn from them may also trigger an idea or two.

Consider the Donor Demographic You’re Targeting

What demographic is likely to exhibit the most interest in the project you’re launching? Is there a secondary demographic that may also be interested? If so, you want to appeal to the sensibilities of those to groups primarily while including some elements that appeal to a wider base.

The economic condition of those demographics is worth considering, but doesn’t have to be the only consideration. While wealthier donors are always welcome, many fund raising activities receive the majority of their support from those of more modest means. If your project is more likely to appeal to middle class or lower middle class donors, don’t hesitate to lean your promotional materials in that direction.

Identify Fresh Reasons Why People Should Donate

It’s easy to fall into a rut by creating a litany of why people should donate and using it from one campaign to the next. While everything on that list may be true, it can also get boring over time. Come up with some fresh reasons why people should support the cause and choose your campaign over that of other non-profits.

Keep in mind you don’t have to jettison the reasons you’ve used in the past. Feel free to include them in your current list, but present them in a new way. There are many ways of saying the same thing without losing the meaning. Being a little creative on this front could be the ticket to raising more money for your cause.

Make Responsible Use of Social Media

Social media has a lot to offer in terms of promoting any type of fundraising effort. It’s free to create accounts on the most popular platforms. The local and national reach on the most popular networks is substantial. You also create posts that others can share, something that adds a more personal and a bit of a viral element to your promotions.

While not neglecting the use of what has worked in the past, set up social media accounts and begin to build connections. Post about your campaign at least two or three times a week and include something that motivates followers to share those posts. You may be surprised at how much attention the accounts create, and how they increase the amount of money that comes your way.

Take a good look at what you already do. Is there room for improvement? If so, try these ideas today. It won’t take long to see how they make a positive difference.

The Dangers of Hiring Ill Qualified Companies

Imagine a scenario where your brother was hospitalized. After treatment, your brother was certified OK to return home hence he was discharged. But you are worried about the condition of your brother’s home in which he is to return. In this case, you may want to contact a professional crime scene cleaner to perform a thorough remediation job on the property. This is essential if you want your beloved family member to return to a clean, sanitized home.

A trustworthy crime scene cleaner will however ask a few questions before accepting any job request. This is protocol. The response gotten from the questions asked will help them prepare for the task before them. The primary reason for hiring a professional cleaner is to help decontaminate a hoarder’s room in disarray. Most hoarder’s rooms are always in disarray and filthy with dirt, debris, and in some cases human waste and vomit. You are also likely to find hard drugs and drug paraphernalia.

Don’t be surprised when you hear your brother’s apartment is under contract with a professional cleaning company. Commercial property owners usually hire cleaners to keep their property safe and sanitized. Calling these ill-qualified cleaners to handle the cleaning of the apartment of the sick individual can be likened to a death warrant. They will proceed to the apartment and get the work done, as usual, cleaning the debris, bodily fluid, vomit, human waste, and drug paraphernalia without protective gear

The doctor’s report has it that your family member was hospitalized for contracting a wide range of viruses and infections such as MRSA, hepatitis, and HIV. To worsen the case, all the items including drug paraphernalia, materials, and sharps found at the cleaning site are likely contaminated. The traditional cleaners assigned to clean the property may likely perform the tasks without wearing any sort of proper protection like masks, gloves, and hazmat suit.

If you do not want a reoccurrence of what happened at the initial stage, the best line of action is to contact a professional cleaner to detail and sanitize the apartment. These experts are properly equipped and are aware of the hazards around them. Returning your brother to a properly disinfected home will eliminate the chances of getting infected again.

Keep in mind that there are more jobs that need to be done other than the cleaning and that is finding a lasting solution to the root cause of the problem. Why would your beloved brother hoard items in his apartment? Why leave his room unkempt and untidy? If you fail to address this issue, be prepared for a repeat situation.

A Note to Professional Cleaners

Regardless of what you are hired to clean, be it a home, vehicle, commercial building, or yard maintenance, keep in mind that biohazards can’t be seen by the naked eyes, so learn to protect yourself at all times. Traditional cleaners should know when to walk away from a cleaning job. Not all cleaning tasks can be handled using traditional cleaning agents. Some cleaning tasks are best left to professional crime scene cleaners.


4 Tips That Will Help You Start B2B Company in Your Area

While you want to launch a company, the idea of selling to other businesses is more what you have in mind. A business to business operation can be quite lucrative, if approached in the right way. If you’re ready to start b2b company in your area, here are some tips that will help you prepare.

Evaluate the Potential in Your Target Market

Before you begin to address the specifics of the business structure, take a look at the local market. Do you see any particular areas that are lacking in terms of supplying goods and services to local business owners? If so, are those areas profitable enough for you to use as the basis for your operation?

Keep in mind that the presence of some competition should not cause any issues. It’s not a lack of competitors, but rather the inability of current competitors to meet the demand that should capture your attention. When that’s something you can identify with relative ease, you can bet there’s a place for your business in the local market.

Determine How to Build Connections With Local Businesses

There are a number of ways to build connections with local business owners. One is to participate in activities where they are likely to gather. Choosing to become a member of the local chamber of commerce is great, provided you show up at the meetings. It also helps if you participate in any chamber events that allow you to set up a display or offer a short talk about what your business has to offer.

Keep in mind that approaching local business incubators and talking with people one on one about what you have to offer is another way to build connections. When combined with the contacts you make at chamber events, you’ll have a solid base for launching your operation.

Compile a Qualified Lead List

The key here is qualified. Anyone can compile a list of names and contact information without determining if there’s any real need for your goods or services. What you need is a list of contacts that have a proven use for what you have to offer. By qualifying in this manner, you can start B2B company with a better chance of building a reasonable clientele in less time.

Keep in mind a qualified lead list is not the same as a prospect list. As you make those contacts, some of the leads will not be interested for various reasons. Others will be open to talking with you further. It’s at that point your qualified lead becomes a prospect.

Cultivate an Online as Well as Offline Presence

In order to broaden your company’s outreach, do make the most of offline and online options for networking. For example, participating in a business radio talk show that allows you to discuss some aspect of the local economy while getting in a plug for your business is a good idea. Participating in local community events by being a sponsor and setting up exhibits at them is also a good idea.

Online, do start a blog to go along with the company website. Create content that is likely to resonate with local business owners. Promote that content on social media sites via company business pages and accounts. You never know when something shared via social media will get in front of someone who needs what you have to offer.

Start laying the groundwork for your B2B operation today. This time next year, you may be surprised at how far things have come.

Pre-employment Criminal Background Checks

How deep should you go?

Given that nearly one-third of all Americans have some kind of criminal record, if you are using criminal background screenings as part of a safe hiring policy, you’re going to encounter candidates within your applicant pool that have a history of criminal activity. While there’s no denying the value of criminal record checks, using them appropriately for hiring decisions requires care. How deep should you go when performing a criminal search, and what should you do with the results? These three steps will help you weigh the risks and opportunities of individual applicants in a fair and balanced way.

Focus on the Position

Designing your background check policy begins by examining each position. Understanding the specific responsibilities and potential risks for each role within your organization will help you define what it means to hire wisely. Consider the following types of questions:

  • How much direct, active supervision does the position receive?
  • To what extent does the position represent your brand to the public?
  • What risks are associated with the position?
  • Does the position require interaction with vulnerable populations?
  • Does the position involve direct access to cash or other fungible assets?

As you can see, this type of analysis is critical. For example, for positions that require direct access to cash, a criminal history of theft is relevant. Likewise, a poor driving record is pertinent to positions requiring the operation of a motor vehicle. Conversely, if the criminal background check returns results that have little relevance to the job at hand and if the applicant is otherwise qualified, the record need not be disqualifying.

Follow EEOC Guidelines

The U.S. Equal Employment Opportunity Commission (EEOC) has defined three factors to guide employers in their use of criminal background checks:

  • The nature of the job.
  • The nature and seriousness of the offense.
  • Time passed since commission of the offense or completion of sentence.

With these factors in mind, employers will often find that an applicant’s criminal past does not disqualify them for the position. However, if there is deemed to be a significant risk, there’s one more step.

Make an Individual Assessment

Before taking adverse action, the EEOC recommends conducting an individual assessment. Talk to the applicant. Let them know their past actions may exclude them from the position and give them a chance to explain. Information about the circumstances, severity, subsequent rehabilitation efforts, and other mitigating factors may or may not alter your original decision, but you’ve done your due diligence to be fair and equitable.

The End Goal

The end goal is to hire qualified, trustworthy, responsible employees. Following these steps will help you collect and use the information you need to evaluate risks and make fair and wise hiring decisions.