Author: gaia

Why is working capital the backbone of a business? (Content Princess – SEO)

What is working capital?

Simply put, working capital is funds available to the business for day-to-day use. It is the excess of current assets over current liabilities. A positive working capital reflects the ability of a company to pay off short-term debt. Some businesses cannot cover their regular operations without additional working capital obtained through funding options.

Ways to build a good amount of working capital

A few lucky entrepreneurs are financially stable. They have savings and sales to cover their expenses. Others, however, will need some help to get the business running. The financial backing can come from a variety of courses.

Regardless of the situation, businesses may need to increase their capital during certain circumstances. Some companies will use working capital to expand their business by hiring new employees, increasing their inventory, or investing in technological advances. Others will use the loan to prepare for an upcoming busy season.

How strong is your working capital?

As Entrepreneur suggests, a company can calculate its operating cycle and use that information to analyse its financial needs. The time elapsed during the accounts receivable and the inventory cycle is compared to the length of the accounts payable cycle. A lower working capital during the first two cycles could prompt a business to look at financing options.

Does the Business Need a Loan or a Cash Advance?

Loans and cash advances are the two primary funding options. Each has its advantages and disadvantages, and each can be procured from several establishments. Below is a summary of each option.

Loans

  • Legally binding
  • May be dependent on credit history
  • Possibility of low-interest rates
  • Can be approved and funded quickly
  • No hidden fees

Before signing for a loan, the business owner must be eligible for it. The requirements vary by lender, but they are essentially verifying that the owner will repay the loan on time.

Cash Advances

  • Less regulated than loans
  • Offered by non-banking corporations
  • May be easier to obtain for new businesses
  • Different payback system than loans
  • May have high-interest rates
  • Can be approved and funded quickly
  • May have hidden fees

Look out for the funding options at Capital Float

The size of your company and eligibility

Capital Float will accept businesses that are as young as one year old, granted they have an annual turnover of 25,00,000 rupees and are based in India. Loans begin at 1,00,000 rupees, go to up to 1,00,00,000 rupees for online sellers, and are capped at 50,00,00,000 rupees for larger businesses. Interest rates can be as low as 18{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}, and funding can be approved in one week.

How much of your inventory can be financed?

Inventory financing is available for companies that have been running for two years with an annual turnover of 1,00,00,000 rupees. Up to 80{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of the invoice value can be loaned. The loan can be repaid in one payment, or over the course of up to 180 days.

Cash advance for your business needs

Additionally, cash advances are distributed to companies with annual turnovers of 20,00,000 rupees, when 12,00,000 of that is done by credit card. The loan can be between 50{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} and 150{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of the applicant’s monthly credit card volume, repayable in up to one year.

Managing the Cash Flow for Improved Sales

When sales are going well, and expenses are being covered, the business has a positive cash flow. This is the desired flow for a company. Having a negative cash flow means that the business is spending more than it can repay, and this is risky behaviour.

Factors affecting working capital

Working capital management is essential for the business to run smoothly. To properly manage the cash flow, factors like accounts receivable, inventory, and accounts payable need to be considered in addition to the profit or loss of the company. Generally speaking, a positive cash flow means the business is profitable. A low inventory level frees up working capital for other uses. Sending out invoices promptly will speed up customer payments.

Identify difficulties and resolve problems in time

Having a cash flow spreadsheet allows the owner to quickly identify challenges that may be faced, such as unexpected large orders, cancelled orders, or late payments. When the repercussions are shown with numerical values, plans can be made in anticipation of those events.

As business owners learn to control their cash flow, working capital will be more readily available, and funding options will not be required as often.

Primary keyword: Working capital

LSI keywords:

Variants: additional working capital, lower working capital, working capital management,  positive working capital

Antonyms and synonyms: cash flow, financing options, funding options,  financial backing,  regular operations, operating cycle,  financial needs, inventory financing

https://www.kabbage.com/blog/merchant-cash-advances/

https://www.entrepreneur.com/article/225658

http://www.investinganswers.com/financial-dictionary/financial-statement-analysis/working-capital-869

http://fitsmallbusiness.com/working-capital/

http://www.profitbooks.net/manage-cash-flow-small-business/

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What You Should Look For in Unsecured Business Loans (Content Princess – SEO)

Unsecured business loans allow a small business to obtain funding without putting up collateral. This is a viable option for many businesses who may not have anything of ‘value’ to put up as collateral e.g. expensive equipment or property. It is also a viable option for companies that may not wish to borrow much in the way of cash.

As with other types of loan out there, you will find that there are many lenders to choose from. Some of these lenders may be perfect for your business. Other lenders may not be quite as advantageouss. As a small business owner, it is your job to select a lender who is right for the business that you are operating. This blog post will provide you with details on how to do this.

Benefits of Unsecured Business Loans

There are various benefits to unsecured small business loans. You will be able to see a quick round up of the advantages on Chron. It, essentially, boils down to the following:

  • Easier to obtain than traditional loans as you will not have to supply collateral.
  • In the event of bankruptcy, unsecured loans tend to be ‘discharged’ whereas secured loans are typically not.
  • The lender will not be able to seize your possessions should you be unable to pay the loan back.

Steps to Obtaining a Small Business Loan

Obtaining an unsecured loan for your small business will rest strongly on the way in which you manage your business and your finances. Before you apply for a small unsecured business loan, you should read the article at Investopedia. It goes in depth on what is expected of you when you apply for a loan. It can be summarised as follows:

  • Ensure that your cash flow predictions are accurate. This will have a significant impact on whether you can obtain a loan or not.
  • Ensure that your credit score is accurate. Try to boost it if possible. An excellent guide to follow can be found on inc.com.
  • Put together a solid business plan
  • Research potential lenders. We will give you information on how to select a lender in the next section.

What should you look for in an unsecured small business loan provider?

Your small business is unique. This means the short-term financing that you obtain for your business should be unique too. Therefore, it is important that you select a loan provider who can offer flexible loans. Capital Float can provide you with the following:

  • Customised loan products. This way you will be able to tailor the loan package to suit your specific business.
  • Flexible financing options. This includes invoice financing and e-commerce finance.
  • Term finance where you have the ability to set the length of the short term business loan.

Small business lending on both invoices and e-commerce values are a great way to boost your chances of being successful with your loan application. Invoice financing allows you to borrow capital against the number of outstanding invoices that you currently have. E-commerce financing allows you to borrow money for your small business against your average total sales for your online company.

Unsecured business loans without collateral tend to be a bit ‘riskier’ for a lender. Also, you may find it slightly more difficult to obtain a loan with competitive interest rates. However, if you look at various websites, you may not find a satisfactory interest rate. But we here at Capital Float, provide you with competitive interest rates as low as 1.33{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}. Low interest rates mean that your business will be paying back ‘less’. This means paying back the loan will have a lower financial impact on the firm.

Applying for the loan

Once you have found somewhere to provide you with your unsecured loan for your business, it is important that you get the application process right. This will increase your chances of being selected. At Capital Float, we will process your application and provide you with the money that your small business needs within just three days. However, to ensure this, you will need to make sure that you have all of your paperwork in order.

Primary keyword: Unsecured business loan

LSI keywords:

Variants:  unsecured small business loans, Small Business Loan, small business unsecured loan,  unsecured small business loan provider

Antonyms and synonyms:  collateral,  traditional loans,  secured loans, short term financing,  financing options, Term finance,  short term business loan

Sources:

http://smallbusiness.chron.com/advantages-disadvantages-unsecured-business-loan-34986.html

http://www.wahm.com/articles/the-pros-and-cons-of-unsecured-small-business-loans.html

http://www.investopedia.com/articles/personal-finance/082616/4-steps-getting-small-business-loan-without-collateral.asp

http://www.inc.com/rohit-arora/eight-ways-to-raise-your-business-credit-score.html

https://www.nationalfunding.com/unsecured-business-loans/

http://www.comcapfactoring.com/blog/what-is-invoice-financing/

https://www.fundingoptions.com/knowledge/finance-for-ecommerce/?utm_expid=52061910-29.EPoOv9CRSBeI-fZQil1s0A.0&utm_referrer=https:{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}2F{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}2Fwww.google.se{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}2F

https://safe.capitalfloat.com/cf/offers/businessLoan?utm_source=Social&utm_medium=Facebook_Post&utm_campaign=GIFF-UBL-Flash-Sale-5Aug_ARM

http://fitsmallbusiness.com/how-to-apply-for-an-sba-loan/

https://lendedu.com/blog/difference-between-secured-and-unsecured-loan/

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Lenders in the Millennial Temple: Revolutionising Mortgages in the Digital Age (Content Princess – SEO)

Just a few decades ago, almost no one had internet access. Now, the internet has fully invaded every industry, and housing mortgages are no exception.

The housing market has struggled to grab the new millennial consumer audience. Research has shown that, largely due to the emergence of the sharing economy and changing generational values, young people are not buying homes or cars. Especially compared to their parents’ generation, hardly any young people plan on buying a home in the next decade. Mortgage rates are low, and employment rates are high, but it is simply not a priority for many.

How are mortgage companies capturing millennial audiences?

Instead of trying to rope in young audiences with expansive ad campaigns or through rate incentives, some mortgage companies are taking a different approach. Instead of getting the customer to come to them, they are picking up their businesses and taking it to the customer. And where else could millennials be but – you guessed it- the internet.

It is widely known that millennials essentially live on the internet. They conduct much of their public and private business online. They are the children of the internet age – the expectation is that information on products (in this case, homes) will be readily available, easily accessible, accurate and fast.

Information Access is the key appeal for younger generations

Companies like Zillow, Redfin, and Realtor.com operate well-interfaced real estate search engines that cater to young people’s preference for finding information online rather than heading to an office or hiring a real estate agent.

This online search capability gives a sense of power to the buyer, as they feel they have more control over their finances and future when they are secure that they have accurate information and are not being taken advantage of by a salesperson.

Online mortgages have also entirely changed the lending market. By moving from banks to the web, more people can take out mortgages and gather information about the best rates.

Most millennials want to do as much of the home buying process as possible by themselves, but eventually many also want the affirmation of a real, expert agent. Therefore, even though mortgages are being steadily shifted online, it can never quite push out the importance of loan agents and realtors.

There are plenty of benefits to online mortgage boom, but some negative impacts as well

Online mortgages are often available at the lowest possible rates, but without the help of an expert to walk you through the entire process and regulations. This could lead to additional costs down the line due to a lack of understanding of the terms of a mortgage. However, current technology has made us biased towards the belief that most large purchases can be done very quickly, an aspect where online mortgages have a huge advantage over traditional ones.

Advisory HQ published their recent list of the best-rated online mortgage companies, including:

-Quickenloans
-AmeriSave
-LendingTree
-Sebonic Financial

These companies all have a few things in common which determine online lenders’ success:
-understandable online interface
-customisable products
-low rates
-fast turnover

Further reading:

https://academymortgage.com/news/article/industry-updates/technology-continues-to-impact-the-housing-industry
 http://www.themreport.com/news/origination/05-12-2016/the-digital-revolution-in-the-mortgage-industry

http://www.advisoryhq.com/articles/best-online-mortgage-lenders/

Keywords:
housing market, millennial consumer, online mortgage, online lenders, online mortgage companies, real estate search engine, online mortgage, loan agent, online interface, online search, millennial consumer

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Ace That GMAT- How To Improve Your Reading Speed (Rank Princess – SEO)

With graduation on the minds of a lot of MBA students, the much-feared GMAT is on the tip of everyone’s tongue. This test is considered to be extremely challenging, and with its importance in a student’s career, the stress is even more. It is imperative for MBA students to get a decent score to qualify for a reputed university of their choice.

GMAT stands for Graduate Management Admission Test. It currently stands as a significant barrier to getting into 2,100 schools and 5900 programs all over the world.

With the challenging verbal section testing comprehensions and sentences with challenging grammar, learning the rules of the language becomes a necessity to solve the test under the time limit.

The average reading speed of a human varies from 200 to 250 words per minute, while it is easy to reach a reading speed of 500 words per minute by proper instruction and practice. This means that you can outdo your competition by improving your reading speed and thereby get better Gmat scores.

Keeping the needs of GMAT takers in mind, here are some extremely handy tips to improve your reading speed–

  1. Let Go of Poor Reading Habits- There are some common reading habits that readers invariably practice on a day to day basis. Once we are aware of what practices cause our reading to become slower, working towards eliminating such habits can help us double our reading speed. Some of these habits are:

 –Sub-vocalisation: Sub-vocalisation is the habit of pronouncing every word in the head as you read it. This habit is very common in speakers coming from a non-native English speaking background. However, one must try to eliminate this habit as one can understand the meaning of a word way faster than one can pronounce it.

–Word-by-word reading: This is another slow reading habit that should’ve been done away with in primary school. If you still carry this habit, try improving your general English proficiency, so you do not need to read the ‘expected’ verbs and pronouns between the inevitable nouns and adjectives.

–Regression and Lack of Concentration: These two habits, along with bad reading go hand in hand.

Regression is the habit of re-reading already read material. This problem arises when you do not concentrate enough on what you’re reading.

In a fast paced GMAT exam, regression is a strict no-no. To avoid regression, you can inculcate the habit of running a pen or a pointer against the sentence you’re reading.

In the long run, you need to eliminate concentration issues. There is a whole list of tactics that you can utilise to improve your general concentration levels.

  1. Practice Makes Perfect-This famous one-liner holds perfectly in the case of improving your reading speed. Try to read everything you can get your hands on. Start your day by reading your newspaper. Read books and novels in your free time.

Practice from famous grammar books such as Wren And Martin. Read signboards, leaflets, questionnaires – essentially anything you can get hold of.

Here’s food for thought- An average graduate student only reads 5 to 6 books in their entire lifetime! More reading will surely result in better marks!

  1. Choose Easy Material to Start With- While reading Shakespeare will help at some point in time, starting with complex material is a bad idea. Try to read the works of local authors (who write in a simpler language) and work your way upwards. Also, do not limit yourself to a single author as you might get too acquainted with one writing style.

Professionals recommend the works of R.K Narayan, Sidney Sheldon, and Paulo Coelho.

  1. Learn to Skim Read- Skim reading is jumping over words yet still deriving complete meaning from the material at hand. In a study by useit.com, it has been found that one can derive the same level of understanding of an article by reading only 18{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of it.

Once your reading skills improve, GMAT becomes half the threat that it once was considered to be. Besides helping you to ace GMAT, quick reading skills are something you’ll cherish for your entire life.

LSI Keywords- How to improve reading comprehension for GRE, GRE reading comprehension practice, GRE reading comprehension tips and tricks

Reference Links-

https://en.wikipedia.org/wiki/Graduate_Management_Admission_Test

http://www.gmac.com/gmat.aspx

http://outbeat-the-gmat.blogspot.in/2008/02/gmat-reading-comprehension-tips-tricks.html

http://gmatclub.com/forum/how-to-improve-my-rc-accuracy-117195.html

https://www.mindtools.com/speedrd.html

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Ace That GMAT- How To Improve Your Reading Speed (Rank Princess – SEO)

With graduation upon the heads of a lot of MBA students, the next step is quite worrisome- GMAT. This test has stood iron hard against students with its difficulty and importance. It is imperative for MBA students to get a decent score to qualify for a good university of their choice.

GMAT stands for Graduate Management Admission Test. It currently stands as the barrier to get into 2,100 schools and 5900 programs all over the world.

With the verbal section filled with comprehensions and English sentences with twisted grammar, learning to read quickly becomes a necessity to solve the test under the time limit.

The average reading speed of a human varies from 200 to 250 words per minute while it is easy to reach a reading speed of 500 words per minute by proper instruction and practice. This means that you can outdo your competition by simply improving your reading speed and get better Gmat scores.

Keeping the needs of GMAT takers in mind, here are some extremely handy tips to improve your reading speed–

  1. Let Go Of Poor Reading Habits- There are some common reading habits that readers practice invariably. Once we are aware of what practices cause our reading to become slower, working towards eliminating such habits can help us double our reading speed. Some of these habits are-

–Sub-vocalisation- Sub-vocalisation is the habit of pronouncing every word in the head as you read it. This habit is very common in speakers coming from a non-native English speaking background. However, one must try to eliminate this habit as one can understand the meaning of a word way faster than he can pronounce it.

–Word-by-word reading- This is another slow reading habit that should’ve died with primary school. If you still carry this habit, try improving your general English proficiency, so you do not need to read the ‘expected’ verbs, pronouns, etc. between the inevitable nouns and adjectives.

–Regression And Lack Of Concentration- These two habits attached with bad reading go hand in hand.

Regression is the habit of re-reading already read material. This problem arises when you do not concentrate enough on what you’re reading.

In a fast paced GMAT exam, regression is a strict no-no. To avoid regression, you can inculcate the habit of running a pen or a pointer against the sentence you’re reading.

In the long run, you need to eliminate concentration issues. There is a whole list of tactics to use and foods to eat for concentration, but that is a topic for another day.

  1. Practice Makes Perfect-This famous one-liner holds perfectly in case of improving reading speed. Try to read everything you can get your hands on. Start your day by reading your newspaper. Read books and novels in your free time.

Practice from famous grammar books such as Wren And Martin. Read signboards, leaflets, questionnaires, anything you can get your eyes on.

Here’s food for thought- An average graduate student only reads 5 to 6 books in his entire lifetime! More reading ushers in better marks.

  1. Choose Easy Material To Start With- While reading Shakespeare will help at some point in time, starting with complex booksis a bad idea. Try to read the works of local authors (who write in a simpler language) and work your way upwards. Also, do not limit yourself to a single author as you might get too acquainted with one particular writing style.

Professionals recommend the works of R.K Narayan, Sidney Sheldon, and Paulo Coelho.

  1. Learn To Skim Read- Skim reading is jumping over words yet still deriving complete meaning from the context at hand. In a study by useit.com, it has been found that one can derive the same level of understanding of an article by reading only 18{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of it.

Once your reading skills improve, GMAT becomes half the threat that it once was. Besides helping you to ace GMAT, quick reading skills are something you’ll cherish for your whole life.

LSI Keywords- How to improve reading comprehension for GRE, GRE reading comprehension practice, GRE reading comprehension tips and tricks

Reference Links-

https://en.wikipedia.org/wiki/Graduate_Management_Admission_Test

http://www.gmac.com/gmat.aspx

http://outbeat-the-gmat.blogspot.in/2008/02/gmat-reading-comprehension-tips-tricks.html

http://gmatclub.com/forum/how-to-improve-my-rc-accuracy-117195.html

https://www.mindtools.com/speedrd.html

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Ace That GMAT – How To Improve Your Reading Speed (Rank Princess – SEO)

Studying abroad has become a popular alternative to continuing with our Indian education system. But, after the increase in the number of people opting to pursue their higher studies abroad, many competitive exams got introduced to filter the applicants.

One such immensely popular exam is GMAT (or Graduate Management Admission Test). This test is meant for students interested in graduate management programs, like MBA.

More About GMAT

GMAT is, primarily, an English exam which tests your reading, analytical, writing, and quantitative skills in the language. It is not a measure of your business aptitude, rather an analysis of your capabilities to solve problems, use of logic in certain situations and critical reasoning.

The total time limit for the exam is three and a half hours in which you have to complete four sections. Each section must be given equal importance for a decent score.

Sections Of The GMAT exam:

The following points will relate the divisions of the GMAT and the approximate time allotted for each:

  1. Analytical Writing Assessment: This section consists of questions that analyse argument and should require 30 minutes to be completed.
  2. Integrated Reasoning: This part focuses on reasoning skills and interpretation of graphics and tables. 30 minutes are assigned to this section.
  3. Quantitative: It is a measure of one’s problem-solving abilities. It takes 75 minutes.
  4. Verbal: Reading comprehension, critical reasoning and sentence correction are the core elements of this subdivision, which takes about 75 minutes.

Why Is It Necessary To Improve Your Reading Speed?

With such time pressure to complete the paper, most examinees commit mistakes or skip questions. As you have read earlier, only 75 minutes is allocated to complete the verbal section which consists of reading comprehension questions.

So, it is vital that your reading speed is enhanced to match the deadline for solving this section accurately.

The verbal section consists of 41 questions among which 13-14 questions are of reading comprehension type. It consists of long paragraphs which may have 300 to 350 words and short passages have 200 to 250 words in total. Long passages have four questions, and short ones have three questions related to the passage.

How To Improve Your Reading Skills?

Often, in the haste of completing a passage, students miss out on the actual information that is conveyed by the passage. Therefore, it is integral to read the passage carefully, rather than quickly.

What is highly recommended is to time your reading of the reading comprehension passages during practice. Read more and more paragraphs to enhance your reading speed so as to take 2.5 minutes for a short passage and 3.5 minutes for a long passage.

On an average, most people have found the reading speed of 200 words per minute is good enough for the test-takers to complete the verbal section under the time limit.

However, it is better to read the passage carefully and identify the key points of the passage. This section, in fact, tests how you will perform when you have to read memos and articles as an MBA graduate.

So, your goal must be to follow the argument explained in the passage and not memorise it. Map the critical points by jotting down the important parts of the passage. Use shorthand writing or any other method of your convenience to achieve this.

When you have to answer questions, you can easily refer to your notes and answer with ample time to spare. After all, it’s easier to improve your writing speed than your reading speed!

So, with plenty of practice, you can easily achieve high scores in GMAT and enrol yourself into your dream college. Ivy League education is just a few passages away!

LSI: how to improve your reading skills, necessary to improve reading speed, achieve high scores in GMAT, enhance your reading speed, pursue higher studies abroad, studying abroad

LINKS:

https://magoosh.com/gmat/2012/gmat-reading-comprehension-technique-read-carefully-once/

http://www.beatthegmat.com/reading-speed-t16909.html

https://magoosh.com/gmat/2012/introduction-to-gmat-verbal/

http://www.mba.com/global/the-gmat-exam/gmat-exam-format-timing.aspx

https://en.wikipedia.org/wiki/Graduate_Management_Admission_Test

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5 Tips To Land A Job In The Hospitality Industry (Rank Princess – SEO)

The hospitality industry is a service industry that includes planning, management and building quality relationships between guest and host in all subcategories within the tourism industry.

Hospitality Industry Has Numerous Opportunities

A hospitality unit is something like a hotel, restaurant or amusement park, and such places have various types of jobs for the maintenance of the facility, and management of operations.

Hospitality as an industry is a fairly new concept. However, securing a job within the industry is not necessarily very difficult as it is an ever expanding industry with a lot of jobs. People are spending more than 1.5 billion nights in hotels and other similar establishments, and the number is set to grow.

There is room to accommodate the job requirement of different people and skillsets. The number employed increased from 7.4 million to 9.3 million between 2003 and 2008. 

Here are five tips that will help you get a desired job in the hospitality sector:

  1. Dream High, Start Low

Ambition is a good thing. It sets a target and lets you work towards it. While your ambition may be to be a part of the management group, it’s not easy to directly start at that position.

It is advisable to look for entry-level openings. You may think that washing dishes or cleaning rooms are the most thankless jobs the industry offers, but they can help you get a foot into the industry. They also have ample scope that allows you to work your way up. Also, there is never any dearth of job openings at this level.

  1. Experiment to Find Your Fit

It’s not always possible to know exactly what job you are looking for in the industry, especially as you start your journey. In such cases, seasonal work and internships are a good option to try out various types of job and pick one that suits you the most.

Seasonal work is easy to get in the hospitality sector. Job opportunities increase with the onset of peak tourist seasons and festivities. In fact, the longer you work on such part-time basis, the more are the chances for you to be inducted into a full-time job in the future.

Chicago Tribune in 2012 stated that there was a 10{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} increase from 2011 in the number of part-time workers who got retained for a permanent position.

  1. Step Out of Your Hometown

Most job vacancies are present in large resorts, national parks, and popular tourist destinations. Starting at a big place, even if it is an entry-level job, gives valuable work experience and is a big boost to your resume. It will aid in getting a job at a higher position later.

It is not always possible to secure a job in your hometown. Hence it is worthwhile considering suitable options outside as well. The benefits might not be apparent at that moment, but you could certainly reap dividends of such a move in the longer run.

  1. Versatility is Key

The good thing about a growing industry is that you don’t have to be restricted to a particular role. Being versatile opens more doors, and lets you experiment with various roles. In fact, some companies expect you to take on varied roles, so it’s imperative to keep an open mind.

It could go a long way to earn brownie points with your employer if you do whatever job is assigned.

  1. Don’t Let The Long Hours Scare You

The hospitality industry has erratic timings because of the fluctuations in demand. If you’re expecting a predictable, well-scheduled 8-hour job, then perhaps this sector is not suitable for you.

Night shifts and long working hours is very often required, especially for entry-level and mid-level posts. So be proactive to take on workload and don’t shy away from long work hours. This enthusiasm and willingness will surely send a positive message to a potential employer during an interview!

LSI Keywords:

Hospitality industry, tourism industry, hospitality sector, hospitality, entry-level openings, seasonal work, internships, tourist destinations, amusement parks, national parks, luxury destinations

References:

  1. https://www.livecareer.com/interview-tips/industry/hospitality
  2. http://www.portablecareer.net/hospitality-jobs-tips-for-getting-the-job/
  3. http://blog.oxbridgeacademy.co.za/5-tips-for-a-successful-career-in-hotel-management
  4. https://www.facebook.com/notes/academy-of-learning-college/going-into-the-hospitality-industry-5-tips-to-get-your-foot-in-the-door/10154504451454373
  5. http://www.portablecareer.net/hospitality-jobs-tips-for-getting-the-job/
  6. https://targetjobs.co.uk/career-sectors/hospitality-leisure-and-travel/advice/286355-how-do-i-get-a-job-in-hospitality-leisure-and-tourism

 

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5 Tips To Land A Job In The Hospitality Industry (Rank Princess – SEO)

The hospitality industry is a service industry that includes planning, management and building quality relationships between guest and host in all subcategories within the tourism industry.

Hospitality Industry Has Numerous Opportunities

A hospitality unit is something like a hotel, restaurant or amusement park, and such places have various types of jobs for the maintenance of the facility, and management of operations.

Hospitality as an industry is a fairly new concept. However, securing a job within the industry is not necessarily very difficult as it is an ever expanding industry with a lot of jobs. People are spending more than 1.5 billion nights in hotels and other similar establishments, and the number is set to grow.

There is room to accommodate the job requirement of different people and skillsets. The number employed increased from 7.4 million to 9.3 million between 2003 and 2008. 

Here are five tips that will help you get a desired job in the hospitality sector:

  1. Dream High, Start Low

Ambition is a good thing. It sets a target and lets you work towards it. While your ambition may be to be a part of the management group, it’s not easy to directly start at that position.

It is advisable to look for entry-level openings. You may think that washing dishes or cleaning rooms are the most thankless jobs the industry offers, but they can help you get a foot into the industry. They also have ample scope that allows you to work your way up. Also, there is never any dearth of job openings at this level.

  1. Experiment to Find Your Fit

It’s not always possible to know exactly what job you are looking for in the industry, especially as you start your journey. In such cases, seasonal work and internships are a good option to try out various types of job and pick one that suits you the most.

Seasonal work is easy to get in the hospitality sector. Job opportunities increase with the onset of peak tourist seasons and festivities. In fact, the longer you work on such part-time basis, the more are the chances for you to be inducted into a full-time job in the future.

Chicago Tribune in 2012 stated that there was a 10{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} increase from 2011 in the number of part-time workers who got retained for a permanent position.

  1. Step Out of Your Hometown

Most job vacancies are present in large resorts, national parks, and popular tourist destinations. Starting at a big place, even if it is an entry-level job, gives valuable work experience and is a big boost to your resume. It will aid in getting a job at a higher position later.

It is not always possible to secure a job in your hometown. Hence it is worthwhile considering suitable options outside as well. The benefits might not be apparent at that moment, but you could certainly reap dividends of such a move in the longer run.

  1. Versatility is Key

The good thing about a growing industry is that you don’t have to be restricted to a particular role. Being versatile opens more doors, and lets you experiment with various roles. In fact, some companies expect you to take on varied roles, so it’s imperative to keep an open mind.

It could go a long way to earn brownie points with your employer if you do whatever job is assigned.

  1. Don’t Let The Long Hours Scare You

The hospitality industry has erratic timings because of the fluctuations in demand. If you’re expecting a predictable, well-scheduled 8-hour job, then perhaps this sector is not suitable for you.

Night shifts and long working hours is very often required, especially for entry-level and mid-level posts. So be proactive to take on workload and don’t shy away from long work hours. This enthusiasm and willingness will surely send a positive message to a potential employer during an interview!

LSI Keywords:

Hospitality industry, tourism industry, hospitality sector, hospitality, entry-level openings, seasonal work, internships, tourist destinations, amusement parks, national parks, luxury destinations

References:

  1. https://www.livecareer.com/interview-tips/industry/hospitality
  2. http://www.portablecareer.net/hospitality-jobs-tips-for-getting-the-job/
  3. http://blog.oxbridgeacademy.co.za/5-tips-for-a-successful-career-in-hotel-management
  4. https://www.facebook.com/notes/academy-of-learning-college/going-into-the-hospitality-industry-5-tips-to-get-your-foot-in-the-door/10154504451454373
  5. http://www.portablecareer.net/hospitality-jobs-tips-for-getting-the-job/
  6. https://targetjobs.co.uk/career-sectors/hospitality-leisure-and-travel/advice/286355-how-do-i-get-a-job-in-hospitality-leisure-and-tourism

 

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5 Tips To Land A Job In The Hospitality Industry (Rank Princess – SEO)

The hospitality industry is a service industry that includes planning, management and a quality relationship between guest and host in all subcategories within the tourism industry.

Hospitality Industry Has Opportunities

A hospitality unit is something like a hotel, restaurant or amusement park, and such places have various types of jobs for the maintenance of the facility and direction of operations.

Hospitality as an industry is a fairly new concept. However, securing a job within the industry does not have to be difficult because it is an ever expanding industry with a lot of jobs. People are spending more than 1.5 billion nights in hotels and other similar establishments. 

There is room to accommodate the interests of different people. The number employed increased by 1.9 million from 7.4 million to 9.3 million between 2003 and 2008. 

Here are five tips that will help you get a desired job in the hospitality sector:

  1. Dream High, Start Low

Ambition is a good thing. It sets a target and lets you work towards it. While your ambition may be to be in the management, it’s not easy to directly start at that position.

It is advisable to look for entry-level openings. You may think that washing dishes or cleaning rooms are the most thankless jobs the industry offers, but they can get you in. They also have ample scope that allows you to work your way up. Also, there is never any dearth of job openings at this level.

  1. Experiment to Find Your Fit

It’s not always possible to know exactly what job you are looking for in the industry. In such cases, seasonal work and internships are a good option to try out various types of jobs and pick one that suits you the most.

Seasonal work is easy to get in the hospitality sector. Job opportunities increase with the onset of peak tourist seasons and festivities. In fact, the longer you work on such part-time basis, the more are the chances for you to be inducted into a full-time job in the future.

Chicago Tribune in 2012 stated that there was a 10{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} increase from 2011 in the number of part-time workers who got retained for a permanent position.

  1. Step Out of Your Hometown

Most job vacancies are present in large resorts, national parks, and popular tourist destinations. Starting at a big place, even with an entry-level job gives valuable work experience and is a big boost to your resume. It will aid in getting a job at a higher position later.

It is not always possible to secure a job in your hometown, no matter how out of reach some luxury destinations might seem. So time to fly out, little birdie!

  1. Versatility is Key

The good thing about a growing industry is that you don’t have to be restricted to a particular role. Being versatile allows you to be more active and experimental. In fact, some companies expect you to take on varied roles, so it’s imperative to keep an open mind.

It could go a long way to earn brownie points with your employer if you do whatever job he assigns.

  1. Don’t Let The Long Hours Scare You

The hospitality industry has erratic timings because of the fluctuations in demand. If you’re expecting a predictable, well-scheduled 8-hour job, then perhaps this sector is not suitable for you.

Night shifts and long working hours is very often required, especially for entry-level and mid-level posts. So be proactive to take on workload and don’t shy away from long work hours. This enthusiasm sends a positive message to a potential employer during an interview and lets him/her know you’re dependable.

LSI Keywords:

Hospitality industry, tourism industry, hospitality sector, hospitality, entry-level openings, seasonal work, internships, tourist destinations, amusement parks, national parks, luxury destinations

References:

  1. https://www.livecareer.com/interview-tips/industry/hospitality
  2. http://www.portablecareer.net/hospitality-jobs-tips-for-getting-the-job/
  3. http://blog.oxbridgeacademy.co.za/5-tips-for-a-successful-career-in-hotel-management
  4. https://www.facebook.com/notes/academy-of-learning-college/going-into-the-hospitality-industry-5-tips-to-get-your-foot-in-the-door/10154504451454373
  5. http://www.portablecareer.net/hospitality-jobs-tips-for-getting-the-job/
  6. https://targetjobs.co.uk/career-sectors/hospitality-leisure-and-travel/advice/286355-how-do-i-get-a-job-in-hospitality-leisure-and-tourism

 

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Emerging Trends and Technological Advances in the Logistics Industry (Rank Princess)

If one were to look at emerging logistical trends of the next century and understand which way the market is moving, one need not move further than the internet, quite literally.

One of the key emerging trends for logistics would be the Internet of Things. This is something that is set to transform every known industry over the next few decades and is already in the process of doing so.

How does the Internet of Things or IOT help in this industry?

IOT seeks to create smarter solutions for the most mundane of chores, thereby making processes more efficient, improving the quality of service as well as monitoring and acting upon real-time data.

Trucks and cargo carriers will have continuous monitoring as well as real-time feedback about availability to warehouse resources and traffic details. This steady flow of information is what makes IOT a standout too regarding future industry needs.

Moving on from IOT, the natural successor to this would be Data Analysis and Machine Learning.

Analysing large amounts data, being able to interpret them and coming up with actionable solutions based on that data is what makes Data Mining or Data Analysis an integral part of the future of the logistics industry.

Machine learning involves digesting the copious amounts of passive data and providing proper business solutions based on that raw data. It can forecast demand accurately as well as predict sales patterns and provide proper supply chain management solutions that make it easier to work in the industry.

With time fleet management and the availability of delivery vehicles will become more abundant as most of this data moves to the cloud. Cloud computing will in turn help bring about greater efficiency in the way even smaller companies manage their logistics. This easy availability of data will, in turn, make smaller businesses more viable because they will have greater access to solutions that were, till then, not quite within their grasp under the status quo.

RF Identification Tags

Another avenue where emerging technologies will make the logistics industry better would be in RF Identification tags. A lot of companies transport extremely perishable and expensive goods, and they would like to know at all times where their product is.

One such example would be Intel. Their chips or semiconductors as they are known are expensive to manufacture, and rough transportation can lead to losses with many being destroyed on the way. So it helps if they get to know their whereabouts via RFID.

ERP Solutions: Playing it old school

Basic ERP solutions including SAP solutions to your business is something that can transform millions of dollars as profit to the industry in the long term and make your business successful. ERP enables your business to bring in technology with a pro-people stance and enables you to manage a large workforce in the most seamless manner possible.

These were but a few of the emerging solutions that are going to take the logistics industry to a whole new era of efficiency and profitability. As long as the technology is regularly updated, the industry will continue to churn out winners.

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