How Sustainability Sets Up Real Estate Developers For Success
The growth and profit potential in the real estate segment is high, but developers also have to deal with stiff competition. You cannot expect to thrive without giving something extra to your customers with your projects. Of course, you must cover the basics, such as quality construction, timely delivery, and optimal prices
But green development can give you a winning advantage. Embracing a sustainable approach and applying it to your projects is easy, and it delivers immense benefits to your business. Let us explain how sustainability sets up real estate developers for success.
Make The Most Of The Growing Demand
With more and more people joining the green bandwagon, the demand for sustainable properties is booming. The trend works both for residential and commercial buildings. Owners are willing to spend more because they get the benefits of green living with them. From saving energy bills to maximizing the space and breathing easy in non-toxic interiors, they can get the best with such projects.
As a real estate developer, you can make the most of the trend by investing in green development instead of traditional methods. The best part is that you only need to change a few things to embrace the approach, such as changing the designs, construction materials, and features of buildings.
Read Also: How To Sell Off Plan Property In Dubai?
Maximize Your Income And Profit Potential
Besides being in high demand, green properties also offer a better income and growth potential. Buyers are willing to spend big on these projects because they can cover the cost sooner than later with high energy savings. You can sell projects at a premium by adopting sustainable building practices and spreading the word about them.
Beyond making higher profits with such projects, you can secure several incentives for doing your bit for the environment. For example, you can get Commercial Solar Financing and tax cuts for building solar properties. The government rewards businesses for promoting energy efficiency and eco-friendliness. So you can leverage these rewards to lower the costs and make more profits in the long run.
Future-Proof Your Business
Sustainability is the future of every business vertical, and real estate development is no exception. With buyers becoming more eco-conscious, they expect sellers to follow suit and realign their offerings. Going green can set you apart in the property market and help you build a reputation to become a market leader.
It shows that you are willing to do your bit for the environment by conserving resources. Likewise, you can also keep pace with industry standards and trends by reworking your approach.
Another great thing about sustainability is that it sets you up for regulatory compliance. You hardly need to worry about facing penalties and action for non-compliance to environmental regulations once your business becomes sustainable from the core.
Going green should be a priority for land developers because it offers more benefits than one expects. You can achieve immense growth in income, profits, and reputation with only a few changes in your processes and practices. You must do it sooner than later to make the most of the sustainability trend.
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What Are Articles Of Incorporation? – Importance, Working, And More
What are articles of incorporation? - Simply put, the articles of incorporation are a set of documents that you will need to file with a government body so as to legally document the creation of your corporation. These are also known as Certifications of Formation or Charters. You will need to include the general legal information about the corporation, which will include the name and location of the business. In this article, you will learn about articles of incorporation in general. Apart from that, we will also explain how the Articles of Incorporation work in the United States and how to prepare them. In addition to that, we shall also discuss the importance and purpose of articles of incorporation. Finally, you will come across an example of what to include in such a set of documents. Hence, to learn more, read on through to the end of the article. What Are Articles Of Incorporation? According to Investopedia, “Articles of incorporation are a set of formal documents filed with a government body to legally document the creation of a corporation. Articles of incorporation generally contain pertinent information such as the firm’s name, street address, agent for service of process, and the amount and type of stock to be issued. The articles of incorporation are used to legally form the corporation.” It is important for a corporation to file articles of incorporation to structure a company as a professional corporation, non-profit corporation, or any other type of corporation. Based on the state where your corporation is located, you might need to fill in different requirements for paperwork. Furthermore, there are also other rules that you will need to follow if you want to file articles of incorporation. The job of the state officials is to review applications for articles of incorporation. If the filer of the articles of incorporation follows the state regulations and pays the right fees, the state officials will notify the business of its corporation status. Read More: Business Risks – How To Identify, Manage, And Reduce Them? Articles Of Incorporation – How Do They Work? According to the Wall Street Mojo, “A corporation can either prepare Articles of Incorporation by itself or may contact a professional for the purpose. The documents must be accompanied by a set of all necessary credentials. However, this does not mean it must be extensive or highly complicated. A self-made filing is also acceptable, but only if it has the required basic minimum information.” In most states, you will need to file the articles of incorporation with the Office of the Secretary of the State, based on the state where you are located. In some other states, there might be another agency that will be handling the problem. All you need to do here is consult with an attorney in the state, who will give you details about what agency in the state registers businesses in the state. The attorney will help you locate the form (in either PDF or online) so that you can fill the form after completion. Once you get the certification of formation, you will need to complete other important documents related to your company. One of the important documents you need to fill in this regard is the Bylaws. It will contain information about the running of the corporation, including the rights and responsibilities of all the officers, directors, and shareholders in the corporation. Apart from that, you will also need to get the EIN (Employee Identification Number) from the Internal Revenue Service. It will help you establish your corporation’s bank account and credit account. With the help of this number, you will also be able to file taxes. The Importance And Purpose Of Articles Of Incorporation According to Business News Daily, “Articles of incorporation separate the business owner from the business by creating a separate legal entity for the business. Incorporating reduces a business owner’s personal risk because the business becomes financially responsible for its debts and legally responsible in the case of lawsuits.” All businesses can file articles of incorporation, regardless of their type. A new business might launch as a corporation body, or a business structured as a sole proprietorship can also become a corporation. Based on the size of the business, the company can choose to be an S Corporation or a C Corporation. In S Corporation, the business will only need to pay taxes on dividends since it is a small business. In a C Corporation, since the business is a large one, it will pay corporate taxes and must consist of a board of directors to operate the business. Where To File Articles Of Incorporation? In all states, you will need to file AOI with the Office of the Secretary of the State based on the state where the business chooses to operate. In some states, the regulatory and tax environments are more favorable than others. Hence, these states attract a higher proportion of businesses that want to be incorporated into the state. For example, two states, Nevada and Delaware, attract more than half of the public corporations in the United States. This is because the state laws in these states are flexible and strong enough to offer protection to the corporation. After the establishment of the corporation, the articles of incorporation become a public record in the state and provide valuable information about the corporation. Read More: What Is A Hold Harmless Agreement? – Let’s Take A Look Wrapping Up Hope this article was helpful for you in getting a better idea of what are articles of incorporation. Actually, these are the documents that you will need to file with a government body when you are creating a corporation. Based on the state where you are situated, you will need to file the AOI with the Secretary of State’s office. The things that you will need to include in the articles of incorporation documents are the company name, type of corporate structure, and number and type of authorized shares. Do you have any more suggestions regarding how to prepare articles of incorporation? Share your ideas with us in the comments section below. Read More: Market Segmentation: Definition, Types, Benefits, And More Network Marketing: What Is It? Is It The Right Option For You? Micromarketing – What Is It? How Does It Work? Pros And Cons
Sep 28, 2023
10 Signs Your Boss Likes You | Must Read
When you are working in an office work environment, it is important that a healthy work environment is crucial, and it mostly depends on your boss to create a good work environment. And in this case, when your boss likes you is a big advantage and relief for you. This will make your life very easy, and you will always be on the good books of the boss when it comes to promotion and important work assignments. But how will you know if your boss likes you or not? It’s not like they will outright come and tell you that, then how will you know? Here are a few ways to know whether your boss likes you or not, signs your boss likes you. Why It Matters If Your Boss Likes You? It’s not like it’s an absolute necessity that your boss likes you, but it is definitely an advantage in your favor. Getting along with your boss is definitely a good thing; having similar goals, mindset, and ideology is a great thing, indeed. Not every employee gets along with their boss, also it’s not like a job requirement for having a satisfactory work experience. But when it comes to important assignments, increments, and promotions, the boss liking you might become an important factor. So if you want to know the signs your boss likes you, then keep on scrolling to learn a few signs of that. 1. They Challenge You An easy sign to know whether your boss likes you or not is when they challenge you to help you grow professionally even more. They would always try to make you better by giving your challenging tasks or creating a challenging environment for you. 2. They Rely On You When your boss depends on you for certain information and work, then you will get to know that it’s a sign your boss likes you. This sign can be seen quite easily since your boss will often come to you for most things other than anyone else in the office. This might make a few of your coworkers jealous even, but that’s not your problem, after all. 3. They Trust You With Key Clients And Assignments It can be quite surprising when you see that your boss is making you in charge of dealing with a certain important client and or assignment. But don’t be too surprised, since it is just a sign that your boss likes you. So other than being overwhelmed by this honor, try to do your very best with the job at hand. 4. You Feel Respected It is important that you feel respected at your workplace, and if that respect comes from your boss, then it’s great. But it is not that easy to gain a certain amount of respect from your boss. But with hard work and determination, you are able to stand out from the crowd and get noticed by your boss enough for them to respect you. 5. They Offer Recognition Of Your Work You can see more often that more of the work you do at your office goes unnoticed by your boss. But what if your boss starts to recognize your work and starts to appreciate it when done right? These are signs your boss likes you and even keeps an eye over you but in a good way. Even though you know your boss is observing you, don’t do anything differently unless asked to. 6. They Give You Specialized Tasks After observing your work for a while, your boss starts to give you important specialized tasks. These tasks are specially given to those who are good employees and are capable of handling them. These are the only employee who actually liked by the boss. Not every employee is lucky enough to get such specialized tasks. But if you are, try to do them properly to leave a good impression on your boss. 7. Other Coworkers Share Compliments You can see a good and healthy workplace when your coworker compliments you on your good work along with your boss. This means that along with your boss, your coworkers also like you and appreciate your work. 8. They Share Similar Interests It is not that common to have similar interests with your boss. But if you and your boss have certain similar interests, then this can be a link for you and your boss to connect due to similar interests. So if you think that you have certain similarities with your boss, then why not explore these interests with your boss? Who knows, these interests can help you and your boss to become more than just an employer and employee relationship; maybe friends. 9. They Ask You To Help Other Employees If the signs your boss likes you are pretty clear to you, then this relationship might become clearer when your boss asks you to help other employees. This will only happen when your boss respects your expertise and think that you are able to teach other employees. If you are asked to help other employees, then it is a way of showing your leadership qualities to your boss by helping others. 10. They Check In With You It is a sign of a good sign when your boss checks in on you; it can be work-related, or it can be a personal check-in. Your boss might check in with you if you are feeling down or is under pressure. Then this might leave you with a very comforting effect on you, you feel comforted under work pressure. And if your boss checks in with your well-being, then it doesn’t mean signs your boss likes you romantically. It can be quite innocent enough. Wrapping Up! Now that you have seen the signs your boss likes you, then you can notice them and understand how to cultivate that relationship in your favor. This mutual liking and respect in the workplace are very crucial to have a healthy work culture in an office environment. So if you liked this article, then leave us a like and comment down below your experience with your boss. Read Also: How To Keep Your Employees Motivated 10 Signs Your Boss Is Impressed By You 6 Common Mistakes To Avoid When Hiring A Workplace Cleaning Company
Nov 25, 2022
How To Run A Social Media Campaign At A Low Budget For An Aspiring Entrepreneur?
Do you want to run a social media campaign on a low budget? If yes, you have to identify some of the essential facts that can work well in your favor. The application of the social media campaign can work well for an aspiring entrepreneur. Young Entrepreneurs need to think out of the box and deliver their best effort for fainting the momentum in a competitive business world. Proper and effective use of social media campaigns can boost your business growth in a short time frame. Before knowing the details of the campaigns, tips, and tricks, you have to understand some essential facts that can work well for you. What Is Social Media Marketing? Social media marketing simply means using social media platforms and the networks that can help you market the company’s products and services to reach out to the prospects and the customers for steadily developing your business. Many customers are interacting with the brands using social media platforms. Therefore, social media campaigns can help your business to multiply at a rapid pace. Which Social Media Channels Can Bring In More Revenue In 2021-2022? The scope of earning from the social media campaigns is huge in 2021-2022. So let’s find out the channels that can provide you this opportunity to become the next Social media business tycoon. Facebook. Instagram. LinkedIn. YouTube. Twitter. Snapchat. In my next article, I will talk about the daily subscribers of these channels. Stay tuned to get more exciting news about the social media revolution that is dominating the digital world. Benefits Of A Social Media Campaign There are several benefits of running a social media campaign at a low budget for your business. Let’s explore the facts to understand the importance of it. 1. Creates A Brand Recognition Creating brand recognition is one of the essential marketing goals for any company. Social media platforms can help you build brand recognition that will help your business grow at a rapid pace. In addition, social media platforms can help your business grow at a fast rate in a short time frame. It makes brand-building simple and effective. The chances of brand recognition will increase due to it. It draws the audience's attention even when you are not thinking about it. 2. Increases The Sales Digital marketing professionals are of the opinion that they must allow the increase of sales for your business. With more visibility in place, your company gets more opportunities for converting potential customers to actual customers. It is the reason why social media marketing can help your business to increase its level of sales. Therefore, the proper execution of social media marketing plans can prove very beneficial for your business. Sales figures for your business will boost when you can build your business awareness in the best possible manner. Compare the metrics of the social media platforms to understand the current market scenario. 3. Measuring The Success With Analytics Without tracking the data, you cannot follow the performance of the social media marketing metrics. Google Analytics is one of the most advanced social media data that allows you to track the current market trend. It can help your business to grow at a rapid pace in a short time frame. Proper execution of the plans can help you properly achieve your goals. Your conversion rate determines which social media campaign will help you to get more profit. 4. Discover How To Connect With Your Audience When you monitor the social conversation about some of the specific topics then it can increase the level of social listening. In addition, it will help you to identify the trends that can work well for you when you want to engage in social media campaigns. You will know about the problems which will help you to create different types of content and will address those issues. It will help you to understand the tone and the language of your target audience. Once you know that accurately you can make your decisions for business development. 5. Cost-Effective Your customer’s queries can be resolved in a short time using social media campaigns. Moreover, it provides you maximum market exposure at a minimum cost. As a result, you can grow rapidly well in all aspects. It is the most inexpensive compared to other types of marketing tactics. Today 80% of the world’s medium and small-scale businesses are dependent on social media platforms. Always start with a small approach to achieve your big goals. 6. Helps You To Get Marketplace Insights Gaining the insights of market social media campaigns can prove to be an effective tool in your hand. It can help you to multiply your business rapidly. For that, you need to stay active in social media platforms for knowing the customer’s interest and opinion. It is one of the best research tools available to you. For developing your market intelligence, social media platforms can work well for you. Create marketplace insights that can work well for you. 7. Higher Conversion Rate The best part of social media platforms is that it can increase your conversion rate in a short period. The conversion rate of your business will increase when you make use of the best social media campaigns. Thus, it will help you to grow your business at a faster pace. It can help you personify your brand when sharing your content, commenting, and updating your social media status. When you compare the two aspects of social media marketing and traditional marketing, the success rate of social media campaigns is 100% compared to that of the other branding websites. 8. Better Customer Satisfaction Social Media Campaigns will help you to increase the level of your customer satisfaction. The reason is that you can instantly solve your customers’ queries through chat box messages, which will help you improve your brand loyalty. Proper application of the brand strategy can help your business multiply in a short time frame. In addition, a social media campaign can make things easier for you to achieve your business goals in the best possible ways. Ensuring customer satisfaction is one of the primary goals of your business that can work well for you. From the information above, we have got a clear idea about the benefits of social media marketing. Now it’s time to understand how you can implement those strategies for upgrading your business. Essential Social Media Tips For Your Business Are you not feeling excited to know the tips for earning money from Social Media Campaigns? I don’t think that you are feeling bored about it. So now, let’s get started on the most exciting journey about social media campaigns to earn revenue. 1. Start With A Plan It is easier to get started with a social media campaign, but you need to set a clear idea in your mind from where you will begin your business. Then, you can make use of social media platforms to increase the reach of your business awareness. Without a plan, you cannot achieve your business goals in the long run. First, identify the social media platform that can suit your requirement. It can be Facebook, Twitter, Instagram, Pinterest. Select any one of them that suits your needs. 2. Set Social Media Goals Create a business goal that possesses a SMART framework ( Specific, Measurable, Achievable, Result Oriented, Time Framed). It can help you to set the perfect social media marketing strategy to attain your business goals. You can set the metrics that can bring actual business profitability for your organization. For example, aim to acquire customers to raise your conversion rate, rather than simply racking the likes. It can help you to achieve your business objectives in a better way. 3. Competition And Research Make a comparative analysis of how your competitors are using the social media campaigns for multiplying their business. Proper competitive research can make things easier for you to know the market trends. Competitive analysis can help you learn what is working for you and what is not working for you. It is the fundamental aspect of a social media fundraising campaign. In addition, it is a great way to reduce your learning curve. You will get a clear idea of how you have to make your effort to understand the market trend. First, clear up your statement where your social media strategy is lacking. 4. Conduct A Social Media Audit Conduct a social media audit to understand where you are lacking and where you need to improve. What ways you can implement to increase the level of your social media audit. Time to time reviews can work well in your favor. It will provide you with a fair idea of where you stand and where you need to improve. A social media audit can work well for you if you want to increase your business output. Prepare your business plans that can work well in the correct order. 5. Get Inspired You need to look at what your competitors are doing online and where you need to improve. Take inspiration from the success of your business from other industries. You can go through the success stories of many business heads. Pay attention to what you are doing. You need to understand where you need to click, buy or follow. 6. Create A Social Media Calendar You can create a social media calendar that allows you to post consistently. It will enable you to get the most consistent results for your business. You can get the most consistent results for your business once you post relevant and engaging content regularly. It will help you identify which ideas you can automate and which to assign whether you are a contractor or an employee. It will help your business to move in the right way in a short time frame. 7. Decide The Platform That Is Right For You There are various social media platforms from where you can make your business promotion. First, you have to select the best social media platforms that suit your business domain. Here, the correct selection of the business domain matters a lot. It can help your business to grow at a rapid pace. You can create a strategy where it can help you to achieve better results for your business. For example, start a better work process that increases your conversion rate. It can make things easier and effective for your business. Likewise, social Media Campaign can make something practical and easier for you. 8. Be Visual Attention seeking is one of the essential parts of the social media campaign. It can increase your conversion rate, and Social media fundraising campaigns can become easier for you. First, however, you have to prepare your business plans correctly to achieve your objectives in the best possible ways. You need to design the correct strategy that can work well for you from all aspects. For example, visually-oriented platforms like Pinterest and Instagram can work well for you. What Is The Job Role Of A Social Media Campaign Manager? There are several essential job roles of the social media campaign manager. In this article, you will get the complete details of it. They can develop the campaigns all across the social channels. You can monitor the hashtags and trends. To make a detailed analytics report. A social media manager has to interact with customers and prospects. They can find and save online customers’ reviews. They can help you analyze the company’s long-term needs for framing the company’s social media strategy. These are some practical ways that can work well in your favor to achieve your business objectives in the correct forms. What Is The Average Salary Of A Social Media Manager? The average salary of the social media manager is between $71,067, and the additional compensation you will get is $5,440. These are some of the precise metrics that show the growth prospects in this profession. Final Words Hence, these are some crucial facts that you have to ensure while you want to develop your business correctly. Several factors can work well in your favor at the correct point in time. But, first, pick out the best solutions that can work well for your business in the long run. You have to follow some of the simple steps that can work well in your favor at the correct point in time. Then, if you want, you can share your ideas and opinions to develop a perfect business plan for your future and make things more accessible and practical. Read Also: Why Create A Powerful Business Continuity Plan? What Is Network Marketing And How To Do It In 2021 How To Start A Business In 2021 – Best Business Strategies
Oct 18, 2021
What Is A Holding Company? – Importance, Operation, And Pros & Cons
What is a Holding Company? - A Holding Company is a type of company that generates revenue by owning assets and does not conduct any operations, ventures, or active tasks. If you want to start a holding company, you must be prepared to earn revenue by not engaging in the buying and selling of products and services. You can form it to gain control over one or more companies or any other assets. In this article, you will learn about what a holding company is and what is the importance of having a holding company. Apart from that, you will also learn how a holding company works, where we will give you an idea of its operations. Finally, you will learn about the major pros and cons of running a holding company. Hence, to learn more about holding companies read on through to the end of the article. What Is A Holding Company? According to Investopedia, “A holding company is a business entity—usually a corporation or limited liability company (LLC). Typically, a holding company doesn’t manufacture anything, sell any products or services, or conduct any other business operations. Rather, holding companies hold the controlling stock in other companies.” You can understand from this definition that a holding company basically owns the assets of other companies. However, it has the power of only overseeing those assets. Just having a mere oversight does not let the holding company actively participate in the business’s daily operations or the operations of its subsidiaries. In many cases, holding companies are also termed as “umbrella” or parent companies. The major purpose of creating a holding company is to have ownership of investments, which can be private businesses as well. The businesses that a holding company owns are known as subsidiaries. All the subsidiaries of a holding company are responsible for their own debts, and hence holding companies remain protected from the liability of subsidiaries. On the other hand, subsidiaries of a holding company and minority shareholders of the main company can also experience a reduction in the level of control they have over a business. Read More: Marginal Cost: Definition, Formula, Examples, And More Why Is A Holding Company Important? Having a holding company gives the parent business greater control of its smaller investments. According to the Corporate Finance Institute, “It gives the holding company owner a controlling interest in another without having to invest much. When the parent company purchases 51% or more of the subsidiary, it automatically gains control of the acquired firm. By not purchasing 100% of each subsidiary, a small business owner gains control of multiple entities using a very small investment.” In addition to that, if a particular holding company has control over different small subsidiaries, each of the subsidiaries can be considered a legal entity. It implies that if one subsidiary faces a lawsuit (for whatever reasons), the plaintiffs do not have the right to claim the assets of other subsidiaries in the holding company. Apart from that, if the subsidiary that is under lawsuit acts independently, then no one can hold the parent company responsible. This is how the parent company can save its assets from lawsuits by creating a holding company. Other than strategic decisions and monitoring the performance of the subsidiaries, a holding company cannot get involved in the activities of its subsidiaries. This means that the management of the subsidiary retains its roles and continues to conduct business as usual. How Does A Holding Company Work? According to Indeed.com, “A holding company is a corporation that doesn't run a particular business or participate in the daily operations of a business. Holding companies hold or own investments such as private businesses, stocks, bonds, mutual funds, real estate, gold, patents, and copyrights. Holding companies are parent corporations that maintain the oversight capabilities of companies that they own.” Due to being parent organizations, holding companies can oversee all the management decisions of their subsidiaries, as well as have control of the policies inside. The sole purpose is to have control over other companies. Apart from that, holding companies can also get ownership of properties like real estate, stocks, trademarks, patents, and more. Holding companies have this kind of structure, as it serves to limit the financial and legal liability exposure of itself (and also of its subsidiaries). It also has the power to depress the overall tax liability of a corporation. They can do this by strategically basing certain parts of their business in those areas where there are lower tax jurisdictions. What Are The Pros And Cons Of A Holding Company? The following are the major pros and cons of having a holding company: Pros Of A Holding Company Here are the major pros of holding companies that you will benefit from: Holding companies can oversee the assets of the business and make decisions related to it. They can make strategic decisions and monitor business performance. These companies enjoy the benefit of protection from the losses of their subsidiaries. These companies enjoy the benefit of protection from lawsuits against a subsidiary. It is easy to create or change a holding company. Cons Of A Holding Company Here are a few cons of holding companies that you must be aware of: Along with a subsidiary, the holding company can also experience capital loss and a decline in net worth. It is difficult to find an accurate financial health of the holding company. Unethical directors might hide their losses by moving debt among their subsidiaries. Holding companies can also force or exploit their subsidiaries to make decisions. Read More: Inventory Turnover Ratio: Definition, Formula, Working, And More Final Thoughts What is a holding company? - Hope this article was helpful for you in getting an idea of how holding companies operate. A holding company is a financial organization that owns a controlling interest in other companies. The holding company oversees the assets of the business, while the parent company manages the daily core operations of the business. Holding companies have protection from losses that their subsidiaries make. Hence, if a subsidiary goes bankrupt, the holding company is not responsible. Do you have any more information to add regarding holding companies? Share your information and ideas with us in the comments section below. Read Also: Trial Balance: Definition, Working, Importance, And More What Is Net Operating Income? How To Calculate NOI? What Is The Leverage Ratio And How to Calculate It?
Oct 05, 2023