Cambridge Entrepreneur Academy https://www.cambridgeentrepreneuracademy.com Fri, 15 Feb 2019 20:21:43 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.9 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 Things to Consider When Hiring a Marketing Agency https://www.cambridgeentrepreneuracademy.com/things-to-consider-when-hiring-a-marketing-agency/ Fri, 15 Feb 2019 20:18:54 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1632 Businesses, particularly small and medium enterprises, have limited manpower and resources. Most of the time, outsourcing work to service agencies and third-party providers prove to be cost-effective and offer better results. In Salt Lake City, it is common practice to hire a marketing agency for marketing and advertising campaigns to help promote the business. Marketing …

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Businesses, particularly small and medium enterprises, have limited manpower and resources. Most of the time, outsourcing work to service agencies and third-party providers prove to be cost-effective and offer better results. In Salt Lake City, it is common practice to hire a marketing agency for marketing and advertising campaigns to help promote the business. Marketing agencies come with a solid track record of results and many years of experience in the industry. New businesses prefer to hire agencies that have worked with big-name brands because they already have the best tools and methods to create successful campaigns. Hiring a marketing agency can help jumpstart your business. Best of all, you can work with the marketing agency for a campaign or launch and handle the day-to-day activities on your own. Here are some key points to consider when the business needs to hire a marketing agency to work with.

Look for an Agency that Knows Your Industry and Target Market

Hiring experienced agencies increases your chances of success.  However, it’s not always about the numbers. Some businesses look for success rates in targeted niches or areas because these are the ones they want to break into. For example, if you are an accounting firm or office, your marketing agency should be familiar with how the industry behaves. The same goes for real estate firms because its marketing approach needs to be more sophisticated and classy. If the agency that you consider hiring is good in retailing but unfamiliar with real estate, it may not be an ideal match for you.

Look for an Agency with Recognition and Recommendations

Marketing agency office

An agency with a good reputation in its field is recognized by its peers. It might have been a recipient of customer service awards or marketing and design awards from distinguished bodies. The downside, of course, is that a top-ranking agency may be a little more expensive than the competition. It’s up to you to decide if your campaign is worth going all out for before you choose an agency.

If you’re considering signing with a marketing agency, take the time to find out what its previous clients say about its work. No matter how small the firm is, if it handles its work well, it would receive glowing commendations from companies it works with. This is a good sign for you to hire the agency.

Look for an Agency Willing to Keep Communication Lines Open

You should set clear boundaries from the very beginning. It’s your choice to sign with top executives but have other staff in charge of your account. Make sure that there is a designated project manager and that you set a meeting with him before committing to hiring the marketing agency. Ask about the schedule of meetings, reports, updates, and requirements to ensure that your business will be well taken care of.

Additionally, you should be clear about the payment terms and contract. Some agencies want a flat fee per project, while others prefer a weekly or monthly retainer fee. You can go beyond the usual rates and consider qualities that are hard to quantify such as having an artistic talent for creative advertisement projects. There will also be miscellaneous or additional expenses for events or launches. Ask whether these expenses will be included in the project cost or billed to you later for reimbursement.

Outsourcing projects and hiring agencies for your marketing or advertising needs have a lot of advantages. To make the most out of this process, business owners should also make an effort in choosing the best agency to partner with. It will be a waste of money, time, and resources if the selection process is done hastily and without any metrics for success.

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Lasers: Modern Tools for Etching and Engraving https://www.cambridgeentrepreneuracademy.com/lasers-modern-tools-for-etching-and-engraving/ Thu, 14 Feb 2019 09:00:43 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1617 CO2 laser engraving machines are now the industry standard in all things engraving. Whether it’s in range of materials, ease of use, or complexity of design, laser engraving machines have outperformed their counterparts in almost every possible aspect. 1. Etch and Engrave on Almost Anything Laser engravers are most suitable for engraving, etching, or marking …

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CO2 laser engraving machines are now the industry standard in all things engraving. Whether it’s in range of materials, ease of use, or complexity of design, laser engraving machines have outperformed their counterparts in almost every possible aspect.

1. Etch and Engrave on Almost Anything

Laser engravers are most suitable for engraving, etching, or marking several different materials. Hard materials like stainless steel, granite, and hardwoods are easily marked and customized. Even softer materials like fabrics, leather, acrylics, and plastic can easily be engraved with custom designs. Normally fragile glass can be handled with ease and minimal adjustments needed.

2. Just Like Your Office Printer

If you can use a printer, you can use a laser engraver. Laser engravers etch and engrave designs similar to a printer, but using lasers instead of ink. A laser head will deliver precise bursts of heat at specific locations as it moves back and forth along the intended material. Though no inks are used, the heat from the laser will vaporize a very thin layer of surface material. Depending on the material, the affected areas may lighten or darken. Multiple passes from the laser head increase contrast, which is impossible to achieve with a standard rotary engraver. This printer-like motion also allows laser engravers to finish production faster than conventional rotary printers, allowing more production and consuming less time. Like a printer, all you need to do is feed the laser engraver with the intended text, image, or design through a USB or a connected device. Load the intended material and then print.

Engraving Brass Plate Masterpiece

3. Endless Design Possibilities

Like printers, laser engravers use bitmaps to determine precise points and levels of contrast. This allows it to create exact and intricate engravings or markings. Small texts can easily be made legible, and some specialized laser engravers can even print text distinguishable only with the help of a microscope. Images of people and scenery are just as easily printed. Although the photos will be two-toned, the laser engraver’s control over contrast can make marvelous renderings that can mimic the appearance of black and white photographs.

4. Less Surface Damage

Laser engravers preserve the structure of any given material better than the usual rotary engraver. Engraved surfaces can hardly be felt, with no deep grooves or cuts. This is especially important in preserving the value of precious metals, where the deeper cuts left by rotary machines may scrape off too much material. Fragile surfaces like glass can easily be engraved without compromising durability, and even softer materials like denim and other fabrics can be customized easily. Laser engravers open up whole new design possibilities for softer materials like leather, clothing, and even compound materials with woven surfaces.

Do you want a printer that can print any design on any surface? CO2 laser engravers do just that. They enable you to etch and engrave whatever design and image that you need to meet the demands of your clients. Laser engravers are easy to use, and unlike printers, you won’t be messing up jobs because of paper jams.

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Energy-Efficient Handling of Compressed Air https://www.cambridgeentrepreneuracademy.com/energy-efficient-handling-of-compressed-air/ Wed, 13 Feb 2019 18:38:39 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1626 What would be the result of moisture or dirt entering equipment? It results in rust in metal, rotting in wood, and damage in the building fabric. The negative result can be too much to bear for proprietors and operators. When it comes to air compressors, their dryers and filters are important in the prevention of …

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What would be the result of moisture or dirt entering equipment? It results in rust in metal, rotting in wood, and damage in the building fabric. The negative result can be too much to bear for proprietors and operators. When it comes to air compressors, their dryers and filters are important in the prevention of damage to valves, motors, and other components. Unfortunately, this requirement makes the process expensive to maintain. With this knowledge, we have identified various ways of realising cost savings:

Compressed Air Costs

Air compressors are applicable in a wide range of industries for various uses. Many consider compressed air as crucial as water and electricity. The problem is that this utility is quite expensive to install, produce, and maintain. Compressed air generation in many facilities costs thousands of dollars. The worst part of this is that a large portion of this air goes to waste. That is why it is crucial to look at the energy-efficient part of the process, even as you get rid of moisture and contaminants.

Energy-Efficient Compressors

Compared to conventional models, modern compressors come with better storage and controls. The best models on the market today offer excellent storage and flow control features for energy efficiency. Flow control tools are necessary for reducing air wastage. They detect downstream pressure and effect adjustments immediately. When it comes to storage capacity, you may need to purchase a bigger compressor so that it will not need to run longer. Some companies have been able to save tens of thousands of dollars in compressor costs by adopting this change.

Filter Cleaning and Replacement

Dirty filters are a source of energy inefficiency as they cause the compressor to work harder to produce the required pressure. Cleaning these components is often a simple procedure that lasts minutes but helps save on the electricity bill. Moreover, it prevents air leaks and reduces maintenance cost. If a filter is faulty and allows dirt to enter the compressor pipes, corrosion may occur followed by air leaks. Even as you check and replace the filters regularly, be sure to check the pipes for dirt.

Piping Redesign If Necessary

Man checking air compressor

Perhaps an air compressor system is inefficient because of the piping infrastructure design. Did you know that a reduction in pipe size could help increase air pressure? It is one of the most effective ways of achieving higher efficiency. For instance, changing a 9-cm diameter pipe to a 6-cm diameter pipe could achieve a 50% increase in air pressure.

Heat Reuse

The air compression process produces heat as a by-product, but this does not have to go to waste. Indeed, some facilities use this for other purposes. This way, additional heating is not necessary, and savings are possible. Simply connect the ducting to an air-cooled compressor, and you can supply heat to any section of the building.

You can start saving money by promoting air compression efficiency today. Determine the suitability of your equipment for modern use and identify all the loopholes where the air is being lost. Hire an expert for this analysis, and the results may astound you.

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Start Your Welding Journey In Safety With These Tips https://www.cambridgeentrepreneuracademy.com/start-your-welding-journey-in-safety-with-these-tips/ Wed, 13 Feb 2019 01:00:00 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1610 Welding is an ancient and useful art. It has become so refined nowadays that anyone can learn it. But before you unlimber that rental welding equipment and start firing it up, there are some things you need to know about. Knowledge of them will make your development of welding skills safer and easier. The Right Equipment The …

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Welding is an ancient and useful art. It has become so refined nowadays that anyone can learn it. But before you unlimber that rental welding equipment and start firing it up, there are some things you need to know about. Knowledge of them will make your development of welding skills safer and easier.

The Right Equipment

The first part of the equation is having the right equipment and learning how to operate it. You can start with rentals but you’ll most likely end up buying a set for your own workshop in the long run. The important thing as a beginner is to learn how to operate it properly.

The core of it all is the welding machine. Don’t opt for a cheap welder. Try to work with high-quality components so that you won’t be disappointed with the results. There are several machine types that are good for starting out and can be used for a variety of welding types.

You will also be getting some welding wire to do the job. This is relatively easy to find and inexpensive. The main decision you need to make is how thick the wire is going to be. A good rule of thumb is the thickness of the wire depends on the thickness of the material you are going to work on.

Additional tools include hammers, scribes, and pliers. You’ll end up using them as you get more complicated projects, but on your first weld, they’re not that necessary yet.

Safety Not Optional

What cannot be skipped is the protective gear that you are going to need. Welding is a dangerous job and protective gear ensures that you don’t end up with burns or worse injuries. Experienced welders maybe a lot more blasé about the potential harm that welding can do, but as a beginner, you are most likely to get hurt.

That is why you should have a fire-resistant jacket for general protection, gloves for your hands, and safety glasses to protect your eyes. The most important piece, though, is the helmet. A good auto-darkening helmet will protect your face and allow you to work unimpeded.

It’s not just what you will be wearing. Your workshop should have a great ventilation system and a good clear space where you can be allowed to let the sparks fly. There also should be no flammable materials near your work area.

Develop the Skills

Welder at work

Now that you’ve got everything ready, you’ll need to learn the basic skills that every welder needs. The first one is knowing how to prepare the metal. This removes all the oil and dirt on the metal so that the weld is done cleanly. This is done by an initial cleaning and then grinding of the portions that will be joined. Then there is the positioning for the weld itself.

The main portion of welding is done by layering the weld on the materials that you are joining. Like a gold swing, your goal is to have few moving parts but still being fluid in movement. When it is done, you may need to learn how to grind away the weld so it looks presentable.

Welding seems intimidating at first glance, but with some practice and study, you should be doing it like a pro. With these skills under your belt, there should be nothing stopping you from tackling any of your dream projects, whether it is for artistic or more practical purposes.

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Here’s How Fresh Produce Retailers Can Ride the Online Shopping Wave https://www.cambridgeentrepreneuracademy.com/heres-how-fresh-produce-retailers-can-ride-the-online-shopping-wave/ Tue, 12 Feb 2019 07:51:05 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1600 E-commerce is one of the fastest-growing industries in Australia, and the good news is that it’s for virtually all types of industries, including groceries. Compared to other Asian countries such as Indonesia and India, the adaptation of online shopping in Australia is slow. It still represents less than 5% of the total sales. It doesn’t …

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E-commerce is one of the fastest-growing industries in Australia, and the good news is that it’s for virtually all types of industries, including groceries.

Compared to other Asian countries such as Indonesia and India, the adaptation of online shopping in Australia is slow. It still represents less than 5% of the total sales. It doesn’t mean that it’s not growing. According to the data from Australia Post, not more than 10% of people used their smartphones to purchase a product online. By 2017, the percentage increased by around twofold. By 2020, it’s possible that 14% of the goods people buy will come from the Internet.

Skipping the Fresh Produce Aisles

While most products are now available online, not all of them have high demand. One of those lucky enough to break barriers is the grocery.

Two of the most popular products to purchase online are pet supplies and beverages. Overall, the number of households that prefer to have their groceries delivered went up to 403,000. That’s about a 24% increase from 2016 to 2017, according to Nielsen research.

Fresh produce has a different story. Its growth has been minimal over the last few years, but almost 300,000 more households are already buying them since 2017. Of the different types of produce, the popular choices are fresh fruit, fresh convenience produce, and fresh salad, which has the highest value online at 75.1%. All of them, though, accounted for nearly 67% growth of new produce shopping in the country.

Capitalising on E-commerce with These Options

fresh apples

Analysts consider a couple of factors that affect the growth of fresh produce in the e-commerce market. One of these is the customers’ need to guarantee the freshness of the product. They still prefer to see and touch fruits and vegetables by themselves. It doesn’t mean that retailers cannot overcome that challenge. Here are some possible solutions:

1. Dome Shelters

One of the options available is to set up container sheds that can speed up the delivery process. Retailers can set these up closer to their target market to reduce both transport and delivery times. These structures can also preserve the quality of the goods by preventing them from environmental exposure.

2. Money-back Guarantee

A money-back guarantee tells the customers retailers to stand behind the quality of their products. It also helps create a win-win situation for both parties. Adding a clause like “no questions asked” can further make this offer more attractive to buyers.

3. Transparency

Retailers can also assure the safety and quality of their products by being transparent on their supply-chain processes. How do they choose the produce? Where do they buy them? What are their methods of preserving them?

Being transparent also boosts the credibility of the retailers and improves their relationship with their customers. It makes the latter feel they are part of the journey, which only enhances the value of the goods.

4. Customer Reviews

Social proofing is a powerful marketing tool. A Nielsen research in 2012 revealed that over 90% of people trust the recommendations of their friends and family. About 70% will believe reviews from strangers.

It may take a while before Australians break their shopping norms when it comes to fresh produce, but these solutions can quicken the process.

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Techniques for Traffic Management https://www.cambridgeentrepreneuracademy.com/techniques-for-traffic-management/ Tue, 12 Feb 2019 07:11:09 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1585 People working in road construction deserve to be protected. This is why there are practices in place governing areas with construction activity. As a driver, it is important that you obey all the road rules, observe the signage and follow the directions of the different flagmen. This allows you to share the roads with others …

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People working in road construction deserve to be protected. This is why there are practices in place governing areas with construction activity. As a driver, it is important that you obey all the road rules, observe the signage and follow the directions of the different flagmen. This allows you to share the roads with others safely.

Construction companies have a huge role to play when it comes to traffic control flags. They need to ensure that their employees know how to regulate traffic using these tools. Whether you are a flagman or a driver, understand that you contribute to road safety. The following sections detail how flags are used to control traffic:

Warning Flags

In this case, the flagman stands directly ahead of the driver. The flag should be held on the left hand and waved up and down. To make sure that you are clear, start the movement from the leg and raise it to the height of your shoulders continuously. It helps if your other arm also moves in the same way. Here, the driver becomes aware to expect road activity. If you want the drivers to take a particular action, you can add traffic signs to STOP or GO and turn each to the side you are referring to. Always make sure that approaching drivers can see.

Flags to Stop Vehicles

traffic

In this case, the flagman needs to face oncoming traffic and hold the flag on their left hand. The movement of the flag is the same as you make to warn traffic. However, in this case, you stop when the vehicle is approximately 100 paces close. You hold the flag on an outstretched arm at shoulder height and use the palm of the other hand to indicate for them to stop. This procedure should only be used for shortstops.

Flags to Allow Vehicles to Continue Moving

If after a temporary stop you want for traffic to keep moving, there is also a provision for that. The right side of the body needs to face oncoming traffic and then with that hand, you make horizontal movements. Drivers see this, and they proceed. Always make sure that vehicles on the other side have seen the flagman and the road there is closed.

Flags for Slowing Down Traffic

In some cases, the desire is for drivers to slow down. Here, you face oncoming traffic and stretch the left arm to shoulder height with the flag. The right arm is raised with the palm facing the driver. When the traffic slows down, you turn the right side of the body to the driver, lower the flag and indicate that vehicles may continue moving.

Note that there is a recommended distance for each of the procedures. In places where visibility is not guaranteed, there are allowances to change the procedures slightly. For example, in some cases, it is permissible to use the arm that is closest to the road. Flags can also be joined with other road signage to improve the visual impact. When necessary, the flagman can also use two flags.

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How to Keep Your Office Employees Safe and Healthy https://www.cambridgeentrepreneuracademy.com/how-to-keep-your-office-employees-safe-and-healthy/ Tue, 12 Feb 2019 07:02:26 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1589 When people think of occupational hazards, images of construction sites often spring to mind. But they’re not the only workplaces that can endanger workers’ health and lives. Offices, though seemingly safer, are not that safe after all. In fact, a 2014 report by the Bureau of Labor Statistics stated that “more than 3 million nonfatal …

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When people think of occupational hazards, images of construction sites often spring to mind. But they’re not the only workplaces that can endanger workers’ health and lives. Offices, though seemingly safer, are not that safe after all. In fact, a 2014 report by the Bureau of Labor Statistics stated that “more than 3 million nonfatal workplace injuries and illnesses were reported by private industry employers in 2013.” These injuries and illnesses involved falling, slipping, musculoskeletal disorders, and workplace violence. If you want to boost your company’s productivity, it’s crucial to keep your employees safe.

1. Counter the negative health effects of Wi-Fi with special devices.

Every office needs Wi-Fi to function, often at the cost of the employees’ health. Wi-Fi routers are known to emit electromagnetic radiation that can alter human DNA. If you’ve been listening to your biology teacher, you’ll know the dangers of changing your DNA, like mutation and even cancer. There are a few products that lower or weaken the electromagnetic fields or EMFs emitted by Wi-Fi. There’s an EMF meter that lets you measure the actual magnetic, electric, and microwave radiation field in your office, so you’ll know where you stand.

There is also a Wi-Fi router guard that reduces the radiation it emits by 50% and an air tube headset that keeps radiation from coming up to your head, which normally happens with a standard wired headset. You can also purchase laptop pads that reduce the EMFs coming from your computers.

2. Keep every corner clean with a commercial janitorial service.

When left unchecked, your bathroom and kitchen area can accumulate disease-causing bacteria, germs, and even molds. Keep your office clean by hiring commercial cleaning services in Salt Lake City. When hiring a cleaning company, make sure to ask about their business registration, cleaning equipment and materials, schedule, and so on.

employees clapping at seminar

3. Consider switching to sit-stand office tables.

Bad posture among office employees is getting more serious by the year. The regular, hour-long use of computer screens resulting in awkward sitting positions, stagnation and lack of breaks, and repetitive movements that irritate tendons and increase nerve pressure, all result in musculoskeletal disorders (MSDs). According to the Occupational Safety and Health Administration (OSHA), more than $15 billion in workers’ compensation costs are due to MSDs.

There are many ways to combat MSDs in the office. For one, consider switching to sit-stand tables that let your employees alternate between sitting and standing. Since sitting for too long increases one’s risk to a myriad of health complications such as heart disease and diabetes, you should encourage your employees to stand after every 20 minutes.

4. Establish a culture against any form of bullying.

Workplace bullying in the U.S. has been found to affect 60% of workers in 2017. Bullying has been associated with debilitating anxiety (80%), panic attacks (52%), and even clinical depression (49%). Not only is it your moral obligation as a manager or employer, but it’s also required by law. Utah HB 216, sponsored by Rep. Keven Stratton and signed into law by Gov. Gary Herbert, requires state agencies to train employees and supervisors on how to prevent abusive behaviors in the workplace.

More than installing CCTVs and alarm systems, keeping your workplace safe for every employee requires a deeper look at every factor that affects their safety and happiness. Taking careful measures to curb threats to their physical and mental health is bound to pay off in the long run.

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5 Reasons to Establish a Fruit Farm https://www.cambridgeentrepreneuracademy.com/5-reasons-to-establish-a-fruit-farm/ Fri, 08 Feb 2019 14:18:28 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1581 With more people becoming more conscious about their health, fruits have become an even bigger and more important commodity among grocers and shoppers. There is huge demand for fruits that you can respond to by establishing your own fruit farm. If someone planted the seeds of opening a fruit farm in your head, read below …

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With more people becoming more conscious about their health, fruits have become an even bigger and more important commodity among grocers and shoppers. There is huge demand for fruits that you can respond to by establishing your own fruit farm.

If someone planted the seeds of opening a fruit farm in your head, read below to help you decide for sure:

1. Fruits are consistently in high demand

Fruits are probably among the most requested food groups all over the world due to their health value and their relative accessibility. As an entrepreneur, you should take advantage of this by building your own fruit farm in your area.

Not only will you have a market in your area, but you also have the opportunity to export your products to other places and countries. If you want your fruit farm to be well-equipped in handling the business, you might want to purchase fruit picking ladders in Australia to achieve that goal.

2. It is a fantastic use of your vacant land

A lot of financial and investment advisers say that vacant land is one of the most valuable investments one can ever have. The question is after you acquire the land, what will you do with it?

While it is tempting to just leave the vacant land as is, it may be better to turn it into a fruit farm to maximise its use. Just make sure that you get the needed papers and documents to authorise growing trees.

3. It is a great source of personal fruit supply

If you like fruits, there is a no-brainer answer to the question of you establishing a fruit farm. It is an amazing way to earn additional income for you and your family while also getting your own supply of fruits.

The fruits will help you push a healthier lifestyle for your family. You will also be able to cut a bit from your expenses as you will no longer have to buy fruits from the supermarket.

4. It is a vital green space for your area

Apple picking

More and more communities crave green spaces in their respective areas due to the shrinking agricultural lands in the countryside. Your fruit farm will be a spectacular source of agricultural produce for your neighbours and surrounding locations.

It will also contribute more oxygen to the environment when the trees are already fully grown. Plus, it will make the soil healthier for future plants and trees that will help them grow better.

5. It facilitates a stronger community bond

If you live in an urban or suburban area, it is likely that there is a shortage or lack of community gardens and farms. By opening your fruit farm, you will be making it a potential centre of community bonding.

Members of the community will purchase fruits from your farm, or they will appreciate you for opening it. You may also have to hire a number of labourers in your area for this.

Fruit farms are profitable and practical for entrepreneurs who want to have their own business. It needs commitment, but it also does not require you to invest too much money in it.

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Coworking Options for Large Properties and Home Owners https://www.cambridgeentrepreneuracademy.com/coworking-options-for-large-properties-and-home-owners/ Wed, 06 Feb 2019 17:56:26 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1575 Coworking and shared office spaces are becoming buzzwords in Australia. Both individuals and big corporations are embracing the practice and demands for more coworking spaces are skyrocketing.  Large idle properties and even homes are becoming the new modern workplaces. Going Big If you own a large property and you’re wondering how to start a coworking …

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Coworking and shared office spaces are becoming buzzwords in Australia. Both individuals and big corporations are embracing the practice and demands for more coworking spaces are skyrocketing.  Large idle properties and even homes are becoming the new modern workplaces.

Going Big

If you own a large property and you’re wondering how to start a coworking business — it might be better to acquire a franchise of an established coworking company. You can even rent non-performing properties in your area and then use that space for your franchise.

Setting up a coworking space will require initial investments that would amount from A$15,000 to A$60,000. This includes three months of rent, workstations, high-speed internet and a wireless router, a couple of consoles for entertainment, miscellaneous office items, cleaning supplies, and a 1-year insurance policy.

However, if you own a suitable location — you won’t need to invest as much. Partnering with an established coworking company allows more experienced experts to guide your coworking business and gives you access to corporate clients. With more people using your coworking space — you get a faster return on investment.

Starting at Home

Big franchises get the big bucks, but even small residences have taken slices out of the coworking pie. A shared office space doesn’t need a formal office setting — a large living room or a dedicated granny flat will do. All you’ll need is air-conditioning, a few workspaces, and a reliable internet connection.

Even your couch and table can be enough to serve as workspaces in a coworking setting. Some freelancers actually prefer the more private and peaceful settings of residential homes over the busier and larger locations.

You can have your home listed through the internet in many of Australia’s coworking sites, similar to an Airbnb. You can decide on daily, weekly, or monthly rates and even choose the specific days you want your home to be open for business.

Starting a Coworking Business

Man researching using laptop

Like all businesses, you’ll need to do a little research to see if a coworking space will be profitable in your community. How many people are interested in coworking? How many potential members will your space have? How much will you be charging?

Smaller homes can run a coworking space on their own with significantly fewer risks. There is no rent involved, and the needed changes don’t amount to much. On the other hand, larger locations face higher risks and need in-depth research in order to assure success.

Franchising is still the best option for large properties — especially those that can house more than 30 coworkers. Large corporations prefer to keep their employees together in teams, and they also prefer doing business with an established brand.

It takes less than two years for a large coworking space to start being successful. A large coworking space running at 80 percent capacity will usually need less than two years to recoup the cost of the initial investment. Smaller coworking spaces take a little bit more time — but most coworking spaces eventually become quite profitable.

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An Honest Review: Investopedia Academy https://www.cambridgeentrepreneuracademy.com/an-honest-review-investopedia-academy/ Wed, 06 Feb 2019 02:33:37 +0000 https://www.cambridgeentrepreneuracademy.com/?p=1562 Featured Image from: Bree Chapin With the world just about recovering from the Great Recession of 2008 and stock markets worldwide finding a sense of balance, it’s the perfect time for people looking to invest their money and start building the foundations of their future wealth. But what about people like me, who barely know …

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Featured Image from: Bree Chapin

With the world just about recovering from the Great Recession of 2008 and stock markets worldwide finding a sense of balance, it’s the perfect time for people looking to invest their money and start building the foundations of their future wealth.

But what about people like me, who barely know anything about finance? How do I get in on this opportunity to grow my wealth? While there are numerous online courses regarding investments and trading, it can be difficult to find a legitimate site that can provide me with up-to-date and accurate information on where I should invest my money.

In this review, we take a look at Investopedia Academy and find out why it’s one of the internet’s most trusted online courses for financial education.

 

What is Investopedia?

Investopedia is one of the internet’s most comprehensive and most trusted resource for investment, marketing, business development, and other financial topics. While their site releases regular articles that analyze the financial industry, they also have a large dictionary of financial terms, with over 5,300 catalogued words so far. They also have in-depth studies on banking, personal finance, the real estate market, and other aspects of the business world written by financial experts. For the daring, they also have a stock simulator that gives would-be investors a look at how particular stocks might behave in current situations.

Investopedia Academy is Investopedia’s education resource that offers people numerous courses on everything business, from trading and investing to personal finance and cryptocurrency. Courses are online, which means they can be accessed via any mobile device, be it smartphone, tablet, or laptop. Each course is designed by an expert of that specific field and built in such a way that it is easy to understand and easy to follow. Courses also offer practical instructions that can help users apply their lessons on-the-job. These courses can also be used to train employees.

Is it Legitimate?

Yes. Investopedia is well-known for its high-quality articles and analyses that are backed up by legitimate financial institutions and experts. Investopedia is famous for its generally accurate, albeit basic, definitions of financial terms in its dictionary.

The courses in Investopedia Academy have all been written by field experts and industry insiders. All courses are offered to students for a one-time fee. Once a student buys a course, they can access it anytime and anywhere, with no expiry dates. Another great thing about the courses is that they offer a refund for unsatisfied customers (provided that you file it within 30 days of purchasing AND with 50% of the course being completed). Discounts and adjusted prices are also offered to active military personnel and military veterans.

Of course, any online course that promises better education in finance and investments is sure to draw some flak: after all, this is your hard-earned money. But in Investopedia Academy’s case, they don’t necessarily market themselves as the be-all-end-all of investing knowledge; instead, their marketing focuses on providing beginners with the necessary tools to get started, while giving seasoned investors additional tools to work with.

Our Verdict:

Will enrolling in the Investopedia Academy turn you into a stock broker Rockstar or business mogul overnight? Probably not, but it is a good starting point. Because the courses are built to accommodate students of all levels of financial finesse, everyone can learn something about day trading, financing, investments, and many more.

 Investopedia Academy

For beginners, their personal finance courses offer non-professional students a chance to budget their resources more efficiently. Couple that with supplementary investment subjects, and your average homeowner can learn how to manage their household AND grow their wealth passively.

While some of the paid courses they offer are fairly basic and cover surface-level information, Investopedia Academy makes sure that further courses are more in-depth. This can include exercises like studying current market trends, interactive content like stock simulators, and exercises designed to test students’ mental fortitude and business savvy. All of this, of course, is done under the guidance of Investopedia Academy’s faculty of financial experts.

For this review, I enrolled in Investopedia Academy’s most popular courses, most of which received several positive reviews from former students and have been cited as one of the better online courses out there for financial education. Some of these courses include:

  • Become a Day Trader
  • FOREX for Beginners
  • Excel for Finance
  • Investing for Beginners

The Become a Day Trader course costs $399 (but watch out for seasonal promos, as this price can go down drastically), and includes more than 40 lessons. These lessons can come with a variety of teaching materials like video seminars and interactive content. The course also offers comprehensive manuals on over 5 different types of trade. This course is managed by a Wall Street day trader with more than 3 decades of experience in the industry, so you know you’re getting good bang for your buck.

The FOREX for Beginners course costs $199 and is geared towards people wishing to enter the FOREX market. The course offers more than 60 lessons and provides students with accurate analyses of FOREX markets, current investment trends in that market, and live examples of FOREX trade from around the world.

The Investing for Beginners course is also priced at $199 and is one of the more comprehensive courses they offer. The course includes more than 70 lessons rich with interactive content and video seminars. But what really differentiates this course from other online schools is that the Investopedia Academy Investing for Beginners course comes with downloadable worksheets that help students learn more about making informed investment choices in real life.

Meanwhile, the Excel for Finance course, priced at $79.95, is more concerned about teaching students about data management. The course is built by financial experts but is self-guided and requires students to have an above-average level of Excel knowledge. This course helps students gear their Excel skills to better financial data management by teaching them effective data mining and data charting skills.

Investopedia Academy courses
Source: First

Each course comes with more than 30 pre-recorded video content that explores the subject in detail. It also offers downloadable resources like quizzes, practice exercises, and exams that help students retain the information they receive. Investopedia Academy also takes advantage of having educational experts in their faculty, which ensures that every topic is built with proven educational strategies.

Their pool of more than a dozen seasoned financial experts come from a wide variety of disciplines and have been handpicked for their authoritative qualifications and their years of experience. Their courses are designed to be done at the pace of the individual student.

All in all, Investopedia Academy is a great place for both beginners and experts, as every course offers something different for different students. It gives novices essential information to begin their financial and business journey on the right foot, while helping seasoned traders additional resources to help them succeed further. A good investment!

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