Cambridge Entrepreneur Academy https://www.cambridgeentrepreneuracademy.com Sat, 20 Apr 2019 01:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 https://www.cambridgeentrepreneuracademy.com/wp-content/uploads/2018/09/cropped-C_Users_mark.m_AppData_Local_Packages_Microsoft.SkypeApp_kzf8qxf38zg5c_LocalState_6ace4629-ce93-4adb-95e2-7ac2da04bbf5-32x32.png Cambridge Entrepreneur Academy https://www.cambridgeentrepreneuracademy.com 32 32 How Virtual Offices Increase Productivity https://www.cambridgeentrepreneuracademy.com/how-virtual-offices-increase-productivity/ Sat, 20 Apr 2019 01:00:00 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1819 Workspaces and working styles have never been more flexible. Modern workplaces are decidedly more fluid in terms of working hours, location, and measuring productivity. Nowadays, a company can have its headquarters in their home country and have its back-office support located halfway around the world while still operating efficiently. There are even companies that offshore …

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Workspaces and working styles have never been more flexible. Modern workplaces are decidedly more fluid in terms of working hours, location, and measuring productivity. Nowadays, a company can have its headquarters in their home country and have its back-office support located halfway around the world while still operating efficiently. There are even companies that offshore their entire operations, from customer service to marketing and production, and still perform well while cutting costs. All of these are possible with a virtual office.

What is a virtual office?

A virtual office, as its name implies, is a technology-based office that encourages collaboration among its tenants. In this environment, employees can work together without needing to interact or meet with each other in the real world. Employees communicate virtually through e-mail, voice calls, and video conferences. Virtual offices allow businesses to have flexible working hours and even operate 24/7 and create a unique opportunity for its employees to work whenever they like, from wherever they are. Here are some of the advantages of working from a virtual office:

You get access to worldwide talent

Operating remotely lets you source the best talent internationally, allowing you to build the perfect team for your business. You are connected on a global scale, so having the most talented individuals in the world working hand in hand with you in making your company’s vision come true is now possible.

It lets you operate your business on a 24/7 basis

employee working late at night

Physical offices usually have actual business hours, usually eight to nine hours on business days. A virtual office can run 24 hours a day, seven days a week, as long as your Internet connection is stable and fast enough. This means that you can respond to your customers’ and clients’ needs any time, which adds to your company’s sales and ultimately, value. Plus, you no longer have to deal with building administrators or pay unnecessary fees to stay open when you need to be.

You do away with overhead costs

Virtual offices let you do away with office lease, utility payments, and other expenses that come with having a physical space. However, you still get access to standard office amenities, such as a dedicated local telephone number that lets you connect with local customers, as well as a corporate mailing address that adds to your business’ credibility. Additionally, virtual offices also feature a live receptionist, a specific company facsimile number, and customized voice mailboxes.

These are just some of the perks offered by reliable virtual offices in Singapore.

Increased productivity among employees

Comfortable and happy employees tend to be more productive, and this is something that virtual offices can offer. Allowing your employees to report in a rented office space acquired through seat leasing not only gives your team a lot of flexibility in terms of how they work, but you are also assured that there will always be dedicated seats for them in a comfortable setup. Your team still operates in a professional environment, so everyone can work efficiently. Choosing a virtual office that’s accessible to your staff cuts down their commute time as well, which means that they can focus more on work.

If you want to cut down on overhead costs, have the most talented employees in your team, and ensure that everyone is comfortable while working, a virtual office might be the best solution for you.

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SOS: When to Enlist the Help of a Recruitment Agency https://www.cambridgeentrepreneuracademy.com/sos-when-to-enlist-the-help-of-a-recruitment-agency/ Tue, 16 Apr 2019 05:16:06 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1812 The search for great talent is a challenging task that many in-house recruiters face. Skills shortage, market competition, and geography are just some of the biggest recruitment pains that in-house recruiters tackle when looking for candidates to fill certain roles. In addition, administrative tasks, attrition levels, and the lack of quality applications also slow down …

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The search for great talent is a challenging task that many in-house recruiters face. Skills shortage, market competition, and geography are just some of the biggest recruitment pains that in-house recruiters tackle when looking for candidates to fill certain roles.

In addition, administrative tasks, attrition levels, and the lack of quality applications also slow down their ability to meet recruitment targets. While having an in-house recruitment team will make it easier for a company to build its brand, there are situations where hiring the services of a recruitment agency makes more sense.

Here are some of the instances where leveraging the services of agency recruiters is more advantageous for a company:

Speed of Hire

One of the most time-consuming steps in in-house recruitment is sourcing candidates. While it is easy to advertise a vacant position in job hunting sites, it can be difficult to find candidates that closely match the position’s requirements. In-house recruiters spend a lot of time and energy weeding through hundreds of applications only to come up with a handful of quality candidates. On the other hand, recruitment agencies already have a talent pipeline that they can conveniently access, reducing time spent on the sourcing process.  

Specialised Roles

In-house recruiters often find themselves stuck when they are not receiving enough applications from strong candidates. This usually happens when they have to fill specialised and highly technical roles like accountants or engineers. In this situation, acquiring the services of an agency will help expedite the recruitment process. Some agencies focus on recruiting for specific fields, like finance, engineering, and IT. They have a better understanding of the market or possess knowledge of verticals that in-house recruiters may lack.

Start-Ups

startups

A start-up company that’s still in the process of determining the effectiveness its business model will benefit from hiring a recruitment agency by letting them save on operating costs. In startup land, everything is still unpredictable. And that includes how many positions the company needs for it to operate efficiently within the next few months. Business owners should focus on understanding the organisation’s needs first, and then secure the help of an agency for the first few hires.

C-Suite Candidates

Filling executive positions is more time-consuming compared to hiring less senior roles. It will require a more in-depth review of applications and scrutiny during interview. As the talent pool for executive candidates is also smaller, a speedy hire is also less likely. Executive searches entail a higher level of confidentiality and hiring an agency will make searching more discreet.

Regional or Global Expansion

Hiring a recruitment agency is ideal for companies that plan to expand their operations off-shore. Recruitment agencies, especially those specialising in global recruitment practices, understand cultural nuances in hiring candidates from different parts of the world, a skill that in-house recruiters might still need to develop.

As seen above, recruitment agencies can be a useful resource, depending on time constraints and the company’s situation. Recruitment agencies don’t have to completely replace a company’s in-house recruitment team. Rather, they can provide quality candidates who can fill important roles while allowing in-house recruiters to find ways of improving their recruitment process.

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Mistakes that Tar Heels Make When It Comes to Life Insurance https://www.cambridgeentrepreneuracademy.com/mistakes-that-tar-heels-make-when-it-comes-to-life-insurance/ Wed, 10 Apr 2019 01:00:00 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1787 It is hard to dispute the merits of Raleigh life insurance, but many people in North Carolina do not pay attention to its importance. As a shining pillar of your personal finance, avoid the following mistakes:  1. Not Having One  Not every person needs life insurance, but it is something that you must have if …

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It is hard to dispute the merits of Raleigh life insurance, but many people in North Carolina do not pay attention to its importance. As a shining pillar of your personal finance, avoid the following mistakes: 

1. Not Having One 

Not every person needs life insurance, but it is something that you must have if other people are depending on you financially. If nobody is going to struggle with money problems when you pass, then you have an excuse not to have it. But if you are the bread-winner or at least a contributing member of a household, strongly consider getting one. 

According to a recent study, about four in every 10 Americans do not have any form of life insurance even though nearly 70% of people say they need it. Some individuals might argue that it is expensive, but there are insurance policies with a $1 million benefit that only cost $500 per year. 

Another reason why some people are uninsured is that they hate thinking about death, so they do not think about life insurance, too. People who want to have life insurance but are intimidated by its complexity. 

While many insurance products come with different features that can make your head spin, you do not really need to get all the bells and whistles to make life insurance worth the trouble. You can get a basic policy and still enjoy peace of mind knowing that your family will receive adequate money in the event of your unexpected death. 

2. Choosing a Policy Without Running the Numbers 

How do you know which life insurance policy makes the most sense to your situation? Multiply your annual income by 15 to determine the product with a suitable death benefit. When the money is invested to earn at least 5% per year, it can grow annually enough to match at least 75% of your income. 

claims file being handed

3. Considering One an Investment 

Look at a life insurance policy as a risk management tool instead of an investment. The spirit of insurance is to protect your family from financial hardship when something happens the can devastate your household’s overall income. If you have enough emergency cash reserves and an intact 401k, then you probably do not need a product with an investment component. 

4. Not Considering One an Investment 

But if you can pay more for life insurance, use it as a forced savings mechanism much like building home equity through mortgage payment. Many policies offer such, so understand how all of them work to compare them accurately. 

5. Replacing One Prematurely 

When changing life insurance products, it is better to pull the trigger only when there is a guaranteed replacement. You might be denied to get a new policy because of a newly discovered health problem, so do not cancel what you currently have without assurance. When there is cash value involved, think about its future growth and the probable tax complications before cashing in. 

Life insurance is generally a useful product. Shunning it to avoid the thought of your demise will not help your loved ones financially when you are gone. 

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For the Love of Burgers: Building a Successful Burger Business https://www.cambridgeentrepreneuracademy.com/for-the-love-of-burgers-building-a-successful-burger-business/ Sat, 06 Apr 2019 01:00:00 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1780 Franchise ownerships deliver remarkably if you are wise enough to take advantage of them. Particularly with burger franchise opportunities, the perks are considerable. You will not only earn as a sole proprietor, but you will also get the best from a highly successful food franchise type. Turnkey Experience and technical expertise in running a franchise …

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Franchise ownerships deliver remarkably if you are wise enough to take advantage of them. Particularly with burger franchise opportunities, the perks are considerable. You will not only earn as a sole proprietor, but you will also get the best from a highly successful food franchise type.

Turnkey

Experience and technical expertise in running a franchise are not required. You do not need additional skills to make your burger franchise profitable. Like any franchise, it operates based on an already effective business model.

It is a given that food businesses are easily patronizable. But with a franchise, this edge is doubled up. In other words, a burger business is already a successful business. You only need to operate it the way it should be, and voila, you generate profits.

Support-Rich

Unlike small businesses, a franchise is supported by the whole franchise system, from the business to the other franchisees. Even the franchisor and their consultants will have a say in many of your management needs.

In a burger franchise, support is massive since it holds a number of staff and a daily production and service routine. Whether it be marketing, sales, training and development, and ongoing management support, you will be guided towards maintaining the brand’s success.

Easy to Finance

A franchise is far easier to finance than putting up your own business. It may also cost less. Banking and lending institutions view franchises differently than any other small business. They expect franchisees to be able to pay loans on time. It only helps that many burger franchises are extremely popular.

A loan is easy to approve, and this is based on a history of success. The viability of a business to remain profitable is what banks look into. If a brand is yet to be made, it may be harder to secure financing. Not so with a burger franchise.

Recognizable

In the food industry, burger franchises are well known. They have a highly recognizable brand. Their image is strong and able to pull customers towards the business. This is very evident now.

Many recognizable burger brands have simple logos and names, yet they command an indomitable presence. It seems consumers are already tied to their brand, as if they grew up with them. Food is a surefire attractant, but burger franchises sell more value beyond their key offerings.

Low Inventory Prices

Burger and fries with ketchup

Franchises are equipped with machinery that is more than what physical capital can provide. As a system of franchise entrepreneurs, it creates some sort of social capital that is embedded in its doctrine as a business.

Any buyer can take advantage of the group’s collective buying power. In return, inventory prices are lowered dramatically. To bargain with vendors, sometimes you only need to show the name of your band to get the best deal. This bargaining power is a unique franchise feature.

Burger franchises are overflowing in the market, and there is a reason they do. They are simply successful. If a brand or a product is maintaining relevance in the market, in spite of competition, regulation and economic uncertainties, it means it sells. And burger franchises? They sell well.

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Why You Should Hire a Logistics Company https://www.cambridgeentrepreneuracademy.com/why-you-should-hire-a-logistics-company/ Tue, 02 Apr 2019 11:58:34 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1773 If you are running a business that operates in a complex supply chain maze, transporting goods on time and even doing a supply search become serious contributors to bottleneck issues. How do you reach your destination on time? How will you source your materials without affecting schedules? Hiring a logistics company is not only pertinent …

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If you are running a business that operates in a complex supply chain maze, transporting goods on time and even doing a supply search become serious contributors to bottleneck issues. How do you reach your destination on time? How will you source your materials without affecting schedules? Hiring a logistics company is not only pertinent but also highly essential. It helps in improving your market reach and reducing operational costs. It also offers technical expertise while helping you develop your own business competencies.

Wider Market Reach

Sound logistics solutions can improve how you reach markets. Expanding your business does not end in finding customers and shipping goods to them. It also involves creating a potentially profitable approach of finding more. A logistics company can offer a wide network for you to utilize to move your products or services. Getting the best shipping rates and other transport benefits are common. This saves a lot of time spent on finding the most efficient way to solve key supply chain considerations. At best, it somehow markets your brand by widening your network of buyers and partners, too.

Cost Effectiveness

Cheaper investment and effective solutions are typical with a good logistics company. Managing your warehouse, your staff, and the whole operational sphere of your business is costly. With a logistics company, you partner with a trustworthy expert at comparably low investment costs. With the partnership, expect solutions that matter. With less time spent in finding and reaching destinations and even packing them, cost is greatly reduced. The goal of logistics solutions is to eliminate process cost. This is to ensure optimal business operations.

Advanced Technical Expertise

Now, logistics companies exploit the most advanced technologies to find solutions. The use of artificial intelligence is a good example. To maximize the logistics process, AI can identify trends, process behaviors, and operational loopholes. Other approaches are even becoming more computational and hence powerful. These approaches altogether guarantee continuous optimization. With markedly better delivery times and order accuracy, you satisfy more customers. Keeping them around will not be difficult as your supply chain is more intelligent than ever before.

Development of Key Competencies

logistics company

One reason why companies hire logistics companies is that such providers are the masters of shipping, packing, and related services. Your company most likely will have little or no logistics capability. Or maybe you are just starting off, trying to figure out a fitting logistics model. But that would take years. Logistics companies know the supply chain market better than you do. If you hire one, you can devote more time and money on key company strengths. Let them do their stuff, while you do your own.

The supply chain world is a massive source of opportunity. However, it also comes with the same dose of uncertainties. To unravel the best of the industry, finding a reliable logistics partner and entrusting them your shipping and related needs are recommendable. Sometimes, you cannot be everything operations-wise. There are business realities out there that you cannot control as an organization. While you know where you are going, a logistics company prepares the road to that destination.

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Why Customer Loyalty Schemes Are Essential to Business Growth https://www.cambridgeentrepreneuracademy.com/why-customer-loyalty-schemes-are-essential-to-business-growth/ Tue, 02 Apr 2019 06:09:20 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1762 A business benefits when it manages to keep people coming back. Regular customers are a business’ lifeline, and they keep the money flowing because you can always count on them being there. Sometimes, keeping fresh products isn’t enough to get them to return for more products and services. Often, customers look for promos such as …

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A business benefits when it manages to keep people coming back. Regular customers are a business’ lifeline, and they keep the money flowing because you can always count on them being there. Sometimes, keeping fresh products isn’t enough to get them to return for more products and services.

Often, customers look for promos such as discounts, freebies, and rebates. They look for some perk that could get them to save a little more than most or a freebie as a token of their loyalty.

While you’re starting up your own business, here are a few reasons loyalty programs are important and helpful for your venture.

1. It creates advocates.

As your customers grow, so does the word on the street. Your already existing patrons have friends, family, and other colleagues that they talk to all the time. If you have a loyalty scheme in place, then it can also become a topic of discussion for your regulars, convincing them to try out your offerings themselves.

To make sure that it’s effective, you can avail of membership marketing services that will help you craft your program into the best fit for your business and customers. It’s also best that you tie it in with your current advertisements so that more will be aware of what you offer those who go to you on a regular basis.

2. It improves reputation.

learning online

The more customers that you have, the more likely that people will be swayed into thinking that you’re the best. Your business will also grow in reputation, pushing your brand further out into the market.

Known brands sell because they’ve built a trustworthy name for themselves. Your business can also benefit from that kind of marketing. One way that you can get into it is to show your appreciation and give a little extra to clients that come back.

Take advantage of opportunities such as sponsorships in events or better yet, organize your own events and give away freebies, discount cards, and even subscriptions as prizes.

3. It keeps people interested.

Just like when people subscribe to a page, website, or channel nowadays, loyalty programs can become avenues for further promotion. You can talk about special discounts and limited offers through a mailing or messaging list or even a newsletter that’s exclusive to regular customers.

If you plan them out well, they’ll be able to keep your loyal clients interested in the next promo and may even entice non-subscribers to sign up for them. As long as you maintain interest, the customers will keep coming and do business with you.

A business is only as good as how its customers are valued and convinced to stay with them. Loyal clients tend to give more than just money and keep what they think is a good company alive.

They provide free promotions for those companies as well and bring in new people who have the potential to become regulars. You can never buy loyalty, but you can spend and work so that you can earn it. Why don’t you use it to make your business grow?

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What You Should Know Before Investing in Minerals https://www.cambridgeentrepreneuracademy.com/what-you-should-know-before-investing-in-minerals/ Fri, 29 Mar 2019 06:17:23 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1756 We’ve all known that precious minerals have always held the most sway over our aesthetics. Aside from being used as decorative pieces of jewelry, there are some actual benefits to having these materials over the things we use every day. Diamond drills, gold-electric plating, and bronze conductors are just some of the applications we are familiar …

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We’ve all known that precious minerals have always held the most sway over our aesthetics. Aside from being used as decorative pieces of jewelry, there are some actual benefits to having these materials over the things we use every day. Diamond drills, gold-electric plating, and bronze conductors are just some of the applications we are familiar with.

Given that these materials are already valuable (and even more so when combined with other materials), it may seem like a good idea to have investing strategies for silver, gold, and other minerals. While the price of these materials will always be high, you should be aware of a variety of risks.

Market Information is Often Closely Protected

The price or use of precious metals is well known, but some niche applications are only starting to be discovered. This makes insider knowledge in the market extremely rare and often remains closely guarded among competitors.

This presents an immediate problem to anyone who is just looking to invest for the first time. Where or who do they go to? Some stocks and bonds in the mineral industry can be traded and sold publicly, but the majority of market movement occurs under the table. It’s not only consumer or public demand that shapes the price of the minerals on the market, but also new applications that may not necessarily be limited to commercial use.

The Price Can Change Instantly

price changes

One of the riskier aspects of mineral investing is that the pricing is high as a baseline, but can often shift between a high or low margin based on factors that can’t be controlled. One of the biggest issues along these lines is the upcoming generation that has buying power.

While the older generations still have the majority of the buying capital in their coffers, the Millennials and the generations after them have now started to saturate the buyer’s market. If research is anything to judge by, these younger folks have little to no interest in buying precious minerals such as diamonds; instead, they are opting for alternatives or other types of minerals.

Advances in Technology

One of the biggest issues that can impact the minerals industry is innovations in mineral fabrication. While the majority of the world’s minerals is still mined from the earth, there is an ongoing and steadily growing push to manufacture synthetic gems that rival or even surpass the elements in their original state.

This doesn’t mean you shouldn’t invest in minerals anymore. However, you also need to consider the newer, burgeoning areas of the minerals market that would’ve been unthinkable investment opportunities a decade ago. In today’s shifting market, it’s important to balance the old with the new.

With all the challenges cited above, it becomes easy to see why getting an investment strategist should be an essential consideration for any serious investor. Not only do they have connections and information that will help you survive in an extremely competitive market; you also have the assurance that their experience can back you up in times of shifting prices and other challenges.

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Charterer’s Liability: Insurance for the High Seas https://www.cambridgeentrepreneuracademy.com/charterers-liability-insurance-for-the-high-seas/ Sat, 23 Mar 2019 01:00:00 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1742 The shipping industry operates in a world where the liability environment is becoming more legislative. A primary reason for this is the rising amount of regulation on issues, such as pollution and safety. On top of that, charterers are deemed as a carrier under several jurisdictions, which entails huge liabilities and responsibilities. They are exposed …

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The shipping industry operates in a world where the liability environment is becoming more legislative. A primary reason for this is the rising amount of regulation on issues, such as pollution and safety. On top of that, charterers are deemed as a carrier under several jurisdictions, which entails huge liabilities and responsibilities. They are exposed to major risks either through contractual indemnities and liabilities or directly to third parties. These exposures, on some occasions, are big enough to jeopardise the financial basis of a well-established company. This is the reason ship charterers need to recognise the need to purchase insurance protection.

What Goes into Chartering a Ship?

The first order of business in chartering a ship is the signing of the charter party, an agreement between the shipowner and charterer. This says that the charterer will bear a responsibility to compensate the owner of the ship for third party liability that arises out of activities that are responsibilities of the charterer or in the event of charter party breach done by the charterer.

Ship chartering could be on a voyage charter or a time charter contract. Voyage charter means that the owner of the ship is being chartered for a particular voyage from one point to another with a specific cargo. Time charter, on the other hand, means that the ship (when available to the charterer) is being chartered for a certain period.

The charterer, in both cases, assumes liabilities towards the owner of the ship for damage:

  • Due to the stowage of cargo
  • Resulting from an unsafe berth or port
  • Caused by the ship during the handling of the cargo

On top of that, characters can be held accountable for shortage, damage or loss of cargo.

Get Charterer’s Liability Insurance

selling insurance

Accidents and incidents can happen when chartering a ship. Given this, it is a good idea to get charterer’s liability coverage.

Charterer’s liability is a marine insurance product that aims to give protection to the charterer. It is recommended by insurance professionals. Whether you are looking to secure your cargo or just prepare for any eventuality, it’s best to have complete protection.

When you need this type of coverage, make sure that the insurance provider is able to cover the following:

  • Damage to the hull as consequence of stowage, off-spec bunkers, unsafe port or berth and stevedore damage
  • Time lost in fixing the vessel
  • Cargo damage, shortage and loss claimed under the charter party
  • Loss of life, injury or illness of third parties, damage to third party, pollution and wreck removal
  • Costs for replacement of bunkers, stowaways, fines and sue and labour
  • Disputes that involve charterers concern off-hire/hire, speed/consumption issues, breach of contract, laytime, freight and deadfreight and more. Even if the charterer isn’t liable for damage, it can become quite costly for an individual to defend himself or herself against false claims. It would be great if expensive legal fees are part of the coverage.

Is a charterer’s liability cover mandatory? It’s would be a good idea if you could look at it as a requirement. It can safeguard you against serious risks when you are out chartering a vessel.

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Your Marine Cable Buying Guide https://www.cambridgeentrepreneuracademy.com/your-marine-cable-buying-guide/ Fri, 22 Mar 2019 02:38:21 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1748 Nothing will test the limits of an electrical circuit quite like a boat. In optimal conditions, the terminals and cables in a boat’s connection should hold up to the constant vibration and salty atmosphere in its environment. During the worst of times, on the other hand, a boat’s electrical cables are at times submerged in …

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Nothing will test the limits of an electrical circuit quite like a boat. In optimal conditions, the terminals and cables in a boat’s connection should hold up to the constant vibration and salty atmosphere in its environment. During the worst of times, on the other hand, a boat’s electrical cables are at times submerged in bilge water, cooked at high temperatures or dripping with the engine’s oil.

There is no sense in installing the highest quality electronics on your boat and yet paying little attention to the cables used to connect them. Marine cable suppliers are your go-to option for the purchase of cables that will support the operation of the electronics on the boats you are building and the harsh environment of their operation.

Some engineers might assume that residential cables can also work, but these only cause deadly boating electrical issues. The following are some variables that should guide your choice of cables for your boat.

Ampacity

This is your cable’s current carrying capacity and denotes how many amps of electrical current can safely run through it. The ideal ampacity for your cable is determined by the device you are connecting it to, so this is easy to handle.

The amperage and width of wire generally go hand in hand. As such, a cable with high amperage is usually thick to minimise the risk of unacceptable voltage losses. But you should also leave room for extra current since a device might draw more current than is indicated because of an extra load or low voltage.

Environmental Temperature

This variable will influence the amount of current your cable can safely conduct. Consider you are using a marine cable in your boat’s engine room where temperatures are generally about 500 degrees Celsius.

Here, an average #6 AWG cable will only safely carry 46.4 amps compared to the 80 amps it will carry outside the engine room. The maximum current rating of cables is generally 15% less than indicated in boat spaces, which are about 200 degrees Celsius hotter than other areas.

Cable Bundling

navigation officer driving a ship

Marine cables are bundled to generate a cumulative heat amount and minimise their heat dissipation. Therefore, you should make sure that you account for this when buying your cables to avoid surpassing your needed maximum amperage.

If, for instance, you pick three bundled cables, reduce your required maximum amperage by 30%. With four to six bundled cables, reduce it by 40% and for seven to 24 bundled cables, reduce the amperage by 50%.

Voltage Drop

Each cable length has a set internal resistance level such that a certain energy amount is lost when turned to heat. If you opt for long cable runs, you should expect a high voltage drop as more energy is converted to heat. To avert this, opt for cables with low internal resistance. These are generally those with large diameters.

Picking the right cable for your boat’s electrical connections is no easy feat. Without the proper choice of the above variables, your cable will not last and might damage your boat’s electrical equipment from frequent short circuits. This will paint your company in the worst light and lead to a loss of business.

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Fun Facts About The Taco That You Need to Know https://www.cambridgeentrepreneuracademy.com/fun-facts-about-the-taco-that-you-need-to-know/ Thu, 21 Mar 2019 09:48:49 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1737 With the world obsessed with expedience and convenience, it’s unsurprising that the taco is popular. This popularity means a great business opportunity! Here are interesting facts about the taco to get you inspired to invest. If you want a successful business, a taco fast food franchise is one to go for. Its popularity has meant …

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With the world obsessed with expedience and convenience, it’s unsurprising that the taco is popular. This popularity means a great business opportunity! Here are interesting facts about the taco to get you inspired to invest.

If you want a successful business, a taco fast food franchise is one to go for. Its popularity has meant that over 4.5 billion tacos are consumed by Americans annually. With the current population of 325 million, that’s about 13.8 tacos per person! This isn’t surprising given that the taco is easy to eat and highly flavorful. If you’re thinking of going into business selling the famous food, you need to be in the know. Here are the most fascinating facts about the taco that you should be aware of.

Historical Taco

Many experts in the field of tacology place the invention of the taco to between 1,000 and 500 BC. At the time, the taco wasn’t in the form we know it today. Rather, it was used as an edible spoon to rake in other food. The name “taco” didn’t come about until much later. They were then called “tacos mineros” as they were most popular around Mexican silver mines around the 19th century. It was only shortened to the taco in the United States in 1905. Bonus fact: the tacos of the 19th century Mexico were served with gunpowder.

American Love

Not only is there a National Taco Day in America that’s celebrated on October 4, but—as mentioned previously—over 4.5 billion Americans consume the stuff annually. Taco Bell is one of the most popular purveyors of the taco. Statistics show that close to half of the population visits a branch every 11 days. That’s why it’s funny when you find out that Taco Bell started out as a burger stand in 1954. It only switched to its most popular product today because they found themselves in a mostly Hispanic neighborhood.

Records Made

There are several records that make it fun to be the owner of a taco fast food franchise. For instance, the biggest ever made was over 246 feet long and filled with carnitas. It was created on November 20, 2011, in Queretaro, Mexico. Taco trucks have been a popular method of selling the taco since 1966. This started in New York and carries on to this day. Finally, the taco was brought into the United States by immigrants in 1905 thanks to the San Antonio Chili Queens. They were the ones who started the idea of selling them quick and easy via food stand—and the rest followed.

Time to Eat

making tacos

Many people eat tacos whenever the craving hits them. It’s exactly because of this convenience that they are popular. In Mexico, however, there is actually a “right time” to taco. Their tradition dictates that seafood tacos are exclusively for lunch time, while the more traditional taco is for dinner.

Those are the most interesting things that every restaurateur needs to know about the taco. It’s clear that this is certainly a very popular food item—which makes for a more comfortable investment. If you’re a taco fan—and who isn’t—you would do well to consider this as a business prospect. You’ll be offering tasty, healthy food fast and delicious to a very wide audience.

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