The Importance of In house Business Research

In any type of business the value to collecting information from your clients and suppliers cannot be understated. Information is a key element in the development of any business strategy. Some companies even go to the extent of using unorthodox methods to gain such information. Such methods include corporate espionage. This is the use of covert methods to gain confidential material from other businesses.

Here we are not going to discuss the illicit ways of gathering information. Rather we are going to focus on the legal methods of data collection and how this data can be useful to an organisation.

Typically information is collected through survey methods which include questionnaires and direct observations. In terms of casinos in America, bestunitedstatescasinos and other organisations are not too particular about answering a couple of questions regarding their business, especially to business partners.  

When this information is collected it can be used to determine market trends. As technology continues to change the way we live and do business it has been essential for businesses to quickly adapt. Failure to quickly notice opportunities and threats in the business environment can lead to a company being irrelevant in the market.

A good case study for this phenomenon is in the online casino industry. In house research by Affiliate companies has directed them into the online gambling industry. Affiliates such as are now becoming online casino operators in a bid to close the gap in the online gambling industry.

This was prompted by discovering that online casinos are failing to cater for the rapidly increasing demand for online services. As more countries continue to regulate online casinos and online gambling this demand is only set to increase.

The ability to quickly see an opportunity and react to it swiftly is what separates successful organisations from those that go down after their core product is no longer relevant.



Manchester Welcomes New Builds Amid Property Boom

As Manchester overtakes London as the UK’s number one spot for property investment, its skyline is changing dramatically by the minute with cranes sprinkled across the horizon. New builds are cropping up in all areas across the city as Manchester blends fresh and innovative developments with refurbishments of historical buildings.

In property, there are three ways to invest your money. The first, is completed property. If you find a development that is already constructed and tenanted, you can invest in free units which are 100% completed. Alternatively, you could put your money into refurbished properties where old buildings are redeveloped into modern living spaces. Manchester is famous for literally building upon its heritage as an industrial centre by transforming old textile mills and derelict warehouses into trendy residential apartment blocks. However, there’s a third type of property investment arriving on the scene which is proving more popular than ever with investors.

Off-plan property refers to an investment in a development before its construction is complete. There are many benefits to off-plan property, including the fact that entirely new buildings are kitted out with the finest furnishings and appliances which attract 21st century residents. Investors are heading to off-plan shores where there are new units up for grabs with access to the best onsite facilities, and Manchester is top of the list for constructing brand-new accommodation.

There’s a massive undersupply of housing across the city where the population is accelerating rapidly into the future. Greater Manchester has a population of around 2.55 million with its urban populace alone set to rise to 535,465 by July 2018 using the average annual growth rate of 0.75%. The need for more accommodation is urgent with young people making a beeline for popular areas such around the city centre. Manchester City Council has collaborated with local developers to confirm a new wave of off-plan residential builds that will reshape the northern giant’s cityscape.

One major residential development near Spinningfields will consist of six interconnecting towers that will house over a thousand residents. The structures will become a landmark for the city, overtaking the famous Beetham Tower in height which is currently the tallest skyscraper in Manchester at 169 metres. Described as resembling islands of the sky standing at 67 storeys high, the towers will be part of a new £1.35 billion neighbourhood in Manchester.

Other exciting additions to the landscape highlight the UK’s powerhouse city as a destination for new build property. In a ground-breaking style of construction, gyms, gardens and work hubs are just some of the facilities onsite in most new off-plan properties and companies like RWinvest are keen to unite investors with properties offering such stand-out amenities.

With so many projects taking centre stage, Manchester is undergoing a property boom. Everywhere investors look, buy to let properties with high rental returns are emerging every month. The fact that Manchester combines such a prominent investment destination with an array of off-plan schemes means that buyers of property are inundated with lucrative opportunities across the city, and it’s now the case that most properties are fully sold out before even making it into phase two of construction.


Should you Pay your Mortgage Off Early?

navy blue house

If you own a house, chances are you’ve considered making extra principal mortgage payments in an effort to pay your house off faster.  However, there are some pros and cons to paying a mortgage off early. I was always under the impression that when we were in a financial position to prepay pay the mortgage that we would.  Lately I’ve been reconsidering that, especially while we are in a period of transition with our finances.  Here are some of the factors I’ve been considering.

Better Investment Return

Many investment advisers and finance experts recommend that instead of making extra principal payments, the money is going to bring greater returns if invested instead.  A conservative estimate for stock market returns is around 7%, and if your mortgage rate is around 3-4%, you’re probably going to come out way ahead in the long run if you invest.  Of course, there are other factors to investing, but personally I think it would be a good idea to max out retirement account contributions (I like Roth IRAs at Vanguard) before trying to pay off the mortgage early.

Money is Inaccessible

A huge mental block I have is that any extra money you put toward the mortgage is inaccessible unless you refinanced or took out a home equity loan.  For that reason, I wouldn’t recommend that someone who doesn’t have a 3-6 month emergency fund pay extra on their mortgage.  I would get that emergency fund in place first and then go from there.

Home mortgage interest deduction

If you pay interest on your mortgage, you may be able to deduct the interest on your taxes.  Of course there are stipulations, one being if you don’t itemize your taxes it doesn’t help you. The home mortgage interest deduction is only valid for the amount you deduct over and above the standard deductionwhich is available to taxpayers who don’t itemize their returns.

Those are some of the cons for paying off your mortgage early. Here are some of the pros of paying it off early.

Guaranteed Return

If your mortgage rate is 4% and you make extra principal payments, you could look at it that any money you put towards the mortgage is saving you from paying interest, so you are “earning” 4% on that money.  Sometimes I have to think of things this way to have it make sense to me.  I remember when savings accounts were paying 5%! Those were the good old days.

Financial freedom

I think the biggest advantage to paying off the mortgage early is having financial freedom. Imagine not having to make a mortgage payment each month!  How amazing would that be? That would be a huge amount of money each month that could be put towards retirement contributions, kids college savings, travel funds, or whatever you wanted!  I hate debt and the thought of not having a mortgage payment feels like a dream.

Basically I think it all boils down to your personal financial situation. I don’t think there’s any harm in paying off a mortgage early if it is what you want to do.  I know I would sleep better at night knowing I didn’t have a mortgage payment, and that alone is priceless!  I feel like if you’re even thinking about paying off your mortgage early, you’re probably doing pretty well 😉

What’s your opinion on paying off the mortgage early?

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