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The UAE real estate is back on track after a few sluggish years. The pandemic hit the real estate market globally and UAE was no exception. However, the prices are at a point now when it is just the right time to invest. The market is recovering but it has not reached its peak. This is ideal for resellers as well as for people looking to buy a new house, live in it, and then sell it later.

For residential property investment in the UAE, you need a proper toolkit. This includes all the soft skills that can help you play it smart in this industry. As aforementioned, the time is right. Property rates in Dubai and Abu Dhabi are rising. Having a slice of this delicious cake is on the offering for everyone at the moment.

The right time for real estate buyers to pitch in

Dubai, Sharjah, and Abu Dhabi are all witnessing a crazy spike in the real estate market. Factors like a growing economy and a rising population are at play here. Things are looking to go in the same direction for the predictable future as well. Based on real world data, experts suggest that the curve will head upwards for at least five years. However, it is worth noting that market investments in real estate are always subject to risks. Overinvestment, therefore, should be avoided at all costs.

Helpful tips for real estate buyers in the UAE

Tip 1: Identify your goals

The first thing to do before investing in property in the UAE is to identify your objectives. This is a key step in the lifecycle of real estate buyers. It helps in determining the kind of property you should invest in. This then leads to scoping the market and looking for the right opportunities.

Identifying one’s goal for residential property investment in the UAE should be based on real world data. You should also approach this market with a flexible mindset. Sticking to what you want to invest in although other verticals might be doing better is the wrong play. Therefore, make sure that you know what you want to achieve and how you want to do it.

If you are a reseller, then residential and commercial properties both open up for you. However, it is for you to decide whether the former or the latter is the better choice. For an end user, residential property investment in the UAE is the right way forward. With the rising population, things are looking good right now.

Tip 2: Research about government policies

Government policies and guidelines in the UAE can also determine the kind of property you want to invest in. Certain areas in Dubai, for example, are on sale and are designated as freehold properties by the UAE government. This means that even a foreigner can buy a residential or commercial plot there.

Expand your research and educate yourself. The idea is to get the established systems on your side and use them to your advantage. Look for places where the government aims to execute projects in the near future. The government also pushes certain properties for investment. Look into those as well.

Tip 3: Learn about the financial side of residential property investment in the UAE

Real estate buyers should not fool themselves into thinking that the down payment and the installments (or complete amount) is the only expense heading their way. Make sure that you expect the following:

Agency charges
Transaction charges and fees
Convenience fees
Sales procession fees
Insurance
Maintenance expenses

This is not all. It is highly recommended that you meet with an advisor and clear your doubts before any investments. These advisors will also charge a sum of money. At the end of it all, you’ll have to do the maths and figure out whether the investment is profitable or not.

Tip 4: Maintenance expenses

This is not all though. Maintenance expenses and service charges should be considered and calculated beforehand. Depending on the location of the property, you’ll have to weigh this factor and come up with an affordable solution. For real estate buyers who want to resell, the longer they hold this property, the more the maintenance will be.

Tip 5: Scope out locations and hire a licensed consultant

The most important thing in residential property investment in the UAE is the location of the property. Your research on this ‘department’ should be thorough and well thought out. This is why we recommend working with a licensed consultant who is an expert on the real estate scene in the UAE.

A property in the UAE is heavily reliant on its location and its future prospects when it comes to defining its value. It is crucial that you understand this before dipping your feet in the pond.

Tip 6: Verse yourself with the buying flow

This includes the complete mechanism of how property investment takes action in the UAE. You should be well-versed with the process – the A to the Z. Some of the steps that need special mention and consideration here are:

How and when to make an offer.
How the negotiation takes place – the formalities and the execution.
Defining and drafting the contract.
Other documentation is required.
Arranging the NOC.
The handover process.

Working closely with a qualified real estate investment expert will do a lot of good here. They can help you come up with a checklist and guide you through the process.

Tip 7: Plan when and how to sell the property

This should be considered and planned from the very beginning but as usual, you should be flexible with it. An exit plan is important and decisive in the success of your real estate investment.

There are also certain things that come up when the property is being handed over. The value of the property is defined by many parameters, one of which is the utility factor. The location and the market data may be positive but the practical ground-level reality may be different. This is why an exit plan must be in place to bail you out of unfortunate investments.

Tags Business Consultants

The CEO Magazine recently interviewed the founder of CBD Movers, Deepak Mandy, and here is an extract from his exclusive interview. Let’s dive into it and learn about his life story.

In the year 1979, the world got a dynamic leader, but the talent was yet to be unleashed. Yes! Mr. Deepak Mandy, born in 1979, was destined to become a dynamic entrepreneur and a great leader. He is a true example of “age is just a number.” At a very young age, with the spark and zeal to move the sky, he started his journey.

Mr. Mandy had very little money in his pocket when he left for Melbourne, Australia from India. But his heart was on fire to become successful. He started with the plan to start a taxi company. He had to battle a lot in the beginning and also took various odd jobs on his plate. He also invested his surplus money in a cab business. Young Mandy was determined to make it successful.

All his experience, knowledge, efforts, and perseverance were rewarded in 2009 when he started his moving and packing business. It started with a two-ton vehicle and a man. And today, his moving company has established a strong network worldwide. The brainchild of Deepak Mandy, CBD Movers is thriving as an international transport business and operates in Australia, the UK, New Zealand, the UAE, the Philippines, Canada, and India. This glorious success does not stop him, and he is further determined to come up with more branches.

Mr. Mandy has been very competitive since his early teens, and that serves as a major reason behind his success. He takes up challenging objectives head-on. In addition to logistics, moving, and packing, he utilizes his experience to offer business development and real estate services. He aims to take CBD Movers to even greater heights and make it a reputable company at a global level.

Talking about the success of his business, he reveals with a spark in his eyes that CBD Movers tops the moving and packing industry in Australia, with affiliates in Canada, the UAE, New Zealand, India, and the Philippines. The reason for this zenith success, he feels, is the dedication of his team to exceeding the expectations of the customers. CBD Movers has been setting new standards for commercial, residential, corporate, and international moves for over a decade now.

Furthermore, CBD Movers has always been appreciated for the pace at which it is expanding its horizontal and vertical growth. The company has built a strong network of like-minded people. The brand has made significant investments to strengthen the infrastructure, vehicle fleets, personnel, and all the other resources. All this has contributed to the worldwide establishment of the brand.

Most people relate success to earning profits only. But Mr. Mandy’s perspective on success is not the same. Though revenue is one of the important aspects of success for him, he also considers some other factors, like the firm’s expansion, customer satisfaction, and the networks he has built. The factors to achieve this are client focus, integrity, creativity, teamwork, innovation, growth, accountability, teamwork, respect, and ownership, as revealed by Mr. Mandy.

Being a visionary man, Mr. Mandy always has approachable plans for his future. He aims to nurture his team to the best of his abilities. And he has a specific plan for doing so. It will be done by putting systems in every organization, emphasizing well-organized and strong training programs. It will help in strengthening the roots of the organization and lay a solid foundation to achieve customer satisfaction.

Businessmen are often believed to be money-minded and focus on achieving profits only. Mr. Deepak Mandy, on the other hand, is known for his constant desire to give back to the social institutions in which we live. He has the desire to feed 1,200 families, offer free tuition to his employees’ families, and offer a considerable amount of his profits to charity.

Through CEO Magazine, Mr. Mandy advised his readers to “remain consistent and never give up.” He believes that everyone has challenges initially, but it is with perseverance that you can overcome these challenges and become a great businessperson. Do not give up on maintaining relationships and gaining knowledge.

By now, one thing is for sure: the reason for the success of CBD Movers is the zeal that CEO Mr. Mandy has to make his team learn through several initiatives like development programs, professional training, focusing on their communication skills, and nurturing the leadership and managerial skills of the organization. Apart from learning, the primary focus of the organization is the health, well-being, and happiness of its employees.

You must be thinking that CBD Movers must be very monotonous to work for because of the regular training programs that the company hosts. But the fun part is that the brand leaves no chance to create a social and enjoyable work culture for the employees. There are regular business outings, sports leagues, and holiday get-togethers, which ensure that the employees gel well together and strengthen the team bonds.

By now, you must be thinking that it was all a fairy tale success for CBD Movers. But as everyone has to face challenges, even Mr. Mandy had to take his brainchild through difficult times. He was able to do this because he tried his best to not dwell on his mistakes. He is an optimist and tries his best to take advantage of every situation by learning and developing from his mistakes. He accepts the fact that failures are unpredictable and can arise at any time and never fears facing them with his well-trained crisis management team.

Today, the CBD Movers franchise model serves as a distinctive strategy for its success. Many small and medium-scale businesses rely on CBD Movers to handle the relocation part. It is because the brand supports businesses requiring guidance and assistance to those who do not have enough resources to expand their personnel and lack proper guidance. By owning this franchise, people can live their dream of owning a successful brand that has surpassed the initial days of struggle and has a worldwide presence.

After this glorious success, Mr. Mandy has even higher aspirations for CBD Movers. The brand is heading towards achieving the goal of becoming the best at offering personalised and unique services. It further helps in achieving the ultimate goal of maintaining client loyalty. The goal is to grow not only vertically but horizontally too. The inner management tries its best to create an enjoyable, stimulating, and enriching work environment for the employees. The vision is to shine as the go-to movers and packers of the era, as shared by the founder and CEO of CBD Movers, Deepak Mandy.

As Mr. Mandy has built this empire from scratch, he understands the initial daily struggles. Thus, he wants to help all small and midsize business owners by providing them with the tools and resources that they cannot afford.

So, these were some of the insights from Mr. Deepak Mandy’s interview with The CEO Magazine. It reveals what makes him a dynamic leader and the secret sausage of CBD Movers’ success.

Tags Business Consultants, business investment, deepak mandy

Real estate entrepreneur and real estate investor are two names you may have heard and questioned what they meant and whether they meant the same thing or not. There are some significant variances between these two descriptors despite their similarities. Discover more by reading on, then decide which term most accurately describes you.

What Is an Entrepreneur in Real Estate?

An individual who buys real estate to amass a fortune is known as a real estate entrepreneur. Real estate can be invested in either passively or actively, depending on the investor’s professional and personal objectives. An active real estate investor engages in land acquisition investment strategies including purchasing and selling a property for a profit. Investors in passive real estate lend money to others so they can use it to finance their real estate endeavours and eventually get their money back.

Many people are forced to work at low-paying jobs they despise to make ends meet. If this seems familiar to you, you might want to think about starting a real estate business and building your property portfolio. Building money and achieving financial independence through real estate investing is highly recommended. However, what exactly is a real estate entrepreneur? What does an entrepreneur in real estate do?

As a real estate entrepreneur, there are several ways to generate income. But first, let’s discuss why you should think about being a real estate entrepreneur.

Why Should You Become an Entrepreneur in Real Estate in the Future?

Cash flow business, tax advantages, the possibility for appreciation, and leverage are just a few of the advantages of investing in real estate. Although it is difficult to make money in real estate, there is no end to your earning potential. A real estate job can be more financially and personally gratifying when done correctly. Many millions have been made and are still being made in real estate.

Additionally, there has never been a better time than today to start a real estate business. Due to low loan rates and rising property values, real estate investing has gained popularity recently. There are numerous vibrant and lucrative housing markets.

A real estate entrepreneur has access to term planning for a wide range of real estate investing options. There are now more methods than ever before to start a career in real estate. There is always something out there for you.

What distinguishes an investor from an entrepreneur? So, what distinguishes a real estate entrepreneur from a regular investor? And what particular qualities do they have?

An investor and a real estate entrepreneur are essentially the same people because both use land sub-division as a means of generating income, capital gains, and tax advantages. There are, however, a few important qualifiers that should be remembered.

Generally speaking, a real estate entrepreneur is aspirational, risk-tolerant, and driven by oneself. They can conceive of something from nothing and seize possibilities rather than just see them. More than anything else, it’s a philosophy that blends grit, passion, and vision.

On the other side, the investor is often just starting in real estate. Although they are primarily focused on the daily tasks of getting their business up and running, they have the ambition to succeed. The investor initially focuses on specific bits, whereas the entrepreneur sees the overall picture like how to achieve goals in your life.

That does not mean an investor cannot start a real estate business, though. Taking the transition from employee to entrepreneur simply comes down to recognising the traits it takes to be successful.

How do you succeed as an entrepreneur?

Real estate entrepreneurs don’t emerge out of thin air. It’s a never-ending process that needs regular use and dedication. Nevertheless, there are numerous opportunities for investors to start their real estate businesses and welcome passive income. I’ll list four:

They have a business-minded attitude.
They have pledged to pursue a real estate education.
They create alliances and groups.
They consistently practise good everyday practices.

Entrepreneurial Attitude

A better mindset is by far the most crucial trait that a real estate entrepreneur possesses. This intangible characteristic is a crucial component of success, whether it be in real estate or business because having the mindset to keep learning and moving forward is essential to overcoming difficulties and roadblocks. The deciding factor between business owners and investors is a real estate perspective.

You won’t be an expert when you first start in real estate by any means. However, investors can better position themselves for the future if they have a better mindset, which includes the desire for new inventions in career ongoing learning and development. Keep in mind that having an entrepreneurial mindset is a learned behaviour that gets stronger through time rather than an inborn quality. Your mindset and the set of beliefs you adopt as an investor will be crucial to the success of your venture.

Real Estate Training

The next stage to becoming a real estate entrepreneur is educating oneself on the subject, along with this mindset. A good real estate education can give investors a strong base upon which to develop, giving them a practical understanding of the market and the perception to know if they’re going in the correct direction. A real estate education can also aid investors in reducing risks, generating additional opportunities, increasing returns on investments, and even building more effective networks of relationships.

Your success depends on personal interest in your career by choosing a solid mentor in the real estate sector. There is nothing like the information you can get from an industry expert, even though you can learn as much as you can from podcasts, books, and blogs. They can introduce you to key contacts and provide you with insight into market-specific information and plans. Additionally, just by being near your seasoned mentor, you will pick up soft skills. By participating in pertinent Facebook groups and local networking events, you can find your mentor.

How does one become a successful real estate entrepreneur?

Joint ventures, wholesaling, and property management for hotel sites are just a few ways real estate entrepreneurs can make money from the real estate industry. Essentially, the real estate industry is about buying and selling properties to make a profit. The idea may seem straightforward, but the venture is very dangerous and expensive, not to mention how competitive the real estate industry is.

Therefore, you will need a little knowledge if you want to become a successful real estate entrepreneur. We’ll go over numerous crucial actions you must take to become a real estate investor in the essay that follows. You will also need to create a business plan, comprehend the dangers, hire an accountant, develop a network, study the market and find a niche. To learn more about strategies for achieving success initiate target sets monthly or yearly in the real estate industry.

Investigate the Housing Market

You should research the market as your first step in becoming a real estate entrepreneur. This entails having a thorough awareness of the industry’s ups and downs as well as the particular trends in your region. When the time comes to buy or sell real estate, doing your research can help you make informed judgments, which is a crucial skill for any real estate investor.

Establish a niche

A niche is a particular specialty within the larger real estate industry that you concentrate on. Creating a specialization enables you to specialize in a specific sort of real estate or transaction, making it simpler to locate and finish agreements. Additionally, it helps with business branding and makes you learn how to grow your portfolio with equity.

For instance, you can concentrate on luxury hotel sites rentals, or properties that need work. Alternatively, you could focus on a specific sort of transaction, such as short sales or wholesale real estate.

Regardless of the niche you select, make sure it is something you are knowledgeable about and passionate about.

Plan your business

A business plan is a road map outlining your objectives for the company and how you intend to reach them. Although writing a business plan may seem difficult, it is crucial for any entrepreneur, whether they are in the real estate industry or not. As you launch and expand your firm, a well-written business plan will help you stay organized and focused.

A market study, company overview, executive summary, and financial predictions should all be included in your business plan. Software for business planning is another option for starting.

Recognize the Risks

Real estate investing is a risky endeavour; there is always a chance of losing money, whether as a result of market circumstances or tenancy problems. It’s critical to comprehend and accept these risks for term planning before entering the real estate market. Then, and only then, can you decide which properties to invest in, and how to safeguard your investment?

As a real estate entrepreneur, you could run into several risks, including:

Market danger. Changes in the real estate market may result in a decline in the value of your property.

Renter’s risk. You can experience property damage or rent arrears from tenants.

Risk of liability. Injuries that take place on your property may subject you to liability.

Spend money on an accountant

One of the best choices you can make as a real estate business owner is to invest in an accountant. A competent accountant will assist you in managing your finances, preparing your taxes, and creating a financial plan for your company especially if dealing with commercial buildings. Your time will be freed up, as a result, allowing you to concentrate on other areas of your business like seeking and closing sales.

Make it important to choose an accountant that has prior expertise working with real estate enterprises when making your choice. To locate the perfect fit, you should also conduct interviews with several individuals for your business requirements.

Create a Network

Establishing a network of contacts is crucial for business owners in the real estate industry. Other real estate investors, bankers, contractors, and real estate agents are a few examples of these interactions. You can identify properties, obtain finance, and close agreements more quickly and simply if you have a strong network.

There are various ways to expand your network, like going to professional events, signing up for networking organisations, or taking part in online discussion boards. Through social media or internet directories, you can also make connections with prospective contacts.

Be Open to Learning

Being open to learning new things is essential because the real estate sector is continuously evolving. Make sure you are constantly learning, whether you are taking an online course, reading business news, or going to a conference. You will be better equipped to run your firm by being more knowledgeable.

Finding a mentor is among the best ways to learn about the real estate business. A mentor is a successful businessperson who may provide advice and direction. You can look for a mentor online or by asking friends or coworkers for recommendations.

Be patient

It is essential to have patience because real estate investing takes time. Your real estate empire won’t be developed overnight, just like Rome wasn’t. There will be ups and downs along the way, but if you don’t lose sight of your objectives, you won’t succeed right away.

Collaborations and Teams

I cannot overstate how crucial self-awareness is for a real estate business. Entrepreneurs must assess their skills and shortcomings to start putting the pieces together for something truly valuable.

For novice investors, especially those seeking to advance their firm, starting a real estate partnership with land acquisition or assembling a team can have incalculable advantages. A partnership can be helpful for several reasons, including having access to greater working money, along with a larger pool of expertise, abilities, and contacts. On the other hand, creating a strong real estate team might provide investors more advantages than a partnership.

To accomplish a certain goal and keep the company operating smoothly and as efficiently as possible, it is necessary to be able to harness the power of collaboration and plug-in complementary elements.

Investors should start by doing the following:

Self-Evaluation: Knowing your skills and weaknesses is the first step in putting together a dream team. A self-evaluation will show your best qualities while also pointing up areas for development.

Consider Your Needs: Investors will ultimately have a checklist of what their firm requires if they take the time to analyse themselves. Once a real estate investor has identified the areas of their company that require improvement, they may start hiring the talent to fill the vacancies, whether it be more finance or networking possibilities.

Key Players to Add: Find the right team members as the final step in creating a real estate team. Beginner investors should seek influential figures in the sector, particularly those with prior expertise. Keep in mind that you are trying to identify talent, thus your job will be to identify complementing individuals who will succeed both within the firm and in their respective positions.

Set objectives: Last but not least, begin establishing target sets monthly or yearly for your company. Setting SMART Goals—specific, measurable, actionable, realistic and time-bound—can help you get started. You could, for instance, decide on a benchmark and a deadline for meeting it. When you set your goal, be sure to include a plan for how you’ll do it and the steps you’ll need to take to get there. You may easily follow a roadmap for yourself by defining a goal in detail. Check out give points for some fantastic examples of how to develop goals for real estate investments.

Daily Routines: Everything depends on practice if you want to succeed. The development of one’s body, mind, and soul through routines and self-discipline is essential for becoming a real estate entrepreneur. The following list focuses on three daily routines to help you succeed as an entrepreneur:

Waking up early: Wake up early because there is never enough time in the day to manage a business. However, getting up early and utilising the power of the mornings can offer investors several advantages, including establishing the mood and attitude for the rest of the day. Early to bed and early to rise, says Ben Franklin, “makes a man healthy, wealthy, and wise.”

Visualize Success and Talk to Yourself: The ability to perceive the big picture is the defining characteristic of a real estate entrepreneur. Nevertheless, investors should develop the essential habit of picturing success. This way of thinking seeks to help you not just create objectives but also picture how you’ll accomplish them. Additionally, as self-talk is a technique for boosting confidence and willpower, it can assist investors in visualising success.

Always Be Networking: For investors, networking is the final daily habit. In your journey as a budding investor, you will come into contact with a wide range of people. While some may only wind up being friends, it’s crucial to continuously grow your database of real estate contacts because it might be the most beneficial component of your lead generation for the industry.

The main distinction between a real estate entrepreneur and an investor, in the end, is their approach to success and receiving passive income. They have the drive and mindset to succeed despite the obstacles in addition to the ability to think “big picture.”

How a Real Estate Coach Aids Brokers in Increasing Business

Whether you’re a rookie or a seasoned veteran in the real estate industry, it’s normal to feel unsure about how to organise your company, expand your lead database, cultivate partnerships, and ultimately optimise revenues. Hiring a reliable, experienced real estate career coach can help alleviate these worries because they have dealt with similar situations to yours and can steer your career on the proper path.

Let’s go over what a coach can do directly for your real estate firm.

The Benefits of a Real Estate Career Coach

Real estate coaches are frequently long-time agents and brokers who are familiar with the requirements and preferences of inexperienced real estate professionals. When you employ a real estate career coach, you receive individualised advice and direction from someone familiar with the processes involved in marketing a real estate company, generating suitable leads, establishing and maintaining connections, and closing agreements.

Some trainers have a specialisation in real estate marketing requirements, such as how to create a paid advertising campaign and set up social media accounts. Others assist with more fundamental business structure requirements, such as locating the ideal office space and planning for retirement.

While some real estate career coaches are retired former agents and brokers, plenty of coaches still work and find time in their busy schedules to help agents. Whether you choose to work with a recent retiree or someone who’s still on the job, there are certain qualifications to look for to ensure you hire the right real estate coach for you:

Qualifications of a Great Real Estate Coach

1) They have a background in helping other agents achieve their goals.

When first researching potential real estate coaches to hire, examine their backgrounds as real estate agents to gauge their experience. Have they closed many deals in your market? If so, they might be quite knowledgeable about the region you work in and be able to offer advice on how to close deals in particular neighbourhoods or towns for cash flow business.

To find out if candidates have the real estate business savvy to assist you in becoming a top-selling agent, inquire about their sales history and certifications. Check over their websites, particularly the “About me” section, to learn more about their background and other qualifications. A superb real estate coach should have experience as an agent for several years and a track record of success in sales and launching the careers of other agents.

2) They are aware of the latest real estate agent’s marketing requirements.

Setting up a real estate website and building your property portfolio, writing frequent, pertinent blog posts, publishing to and monitoring social media, and launching paid advertising campaigns are all necessary components of modern real estate marketing. The best real estate instructors are aware of this and are using inbound marketing successfully.

Candidates that haven’t used web marketing to expand their company are the ones you might want to stay away from. Yes, agents can still sell themselves locally using offline marketing techniques.

However, inbound marketing allows you to generate many more leads than any bench sign or billboard ever could, allowing you to expand the reach of your brand as widely as possible and develop your business.

Look for a real estate career coach that is knowledgeable about web marketing. Working with a career coach who has built up a customer relationship management system (CRM) and optimised their real estate website for search is someone who cannot only generate plenty of leads but the proper ones as well.

They can identify an agent’s assets and liabilities and know how to help strengthen both.

3) They know inside and outside of the real estate industry

The best real estate career coaches have a talent for identifying an agent’s strengths and weaknesses and for creating a game plan to assist them to advance. Practically every employee in every sector requires coaching at some point. You can only become a better agent in the long term by having a coach evaluate every part of your real estate business to identify your strengths and flaws.

Ask potential career coaches to assess your company throughout your interview. Give them a rundown of your most current sales figures. Inform them about the strategies you employ for real estate marketing. Enlighten them on your lead generation process. The ideal hire can be a coach who can identify your areas of improvement and provide precise suggestions and counsel. To expand your business, even more, look for a coach that can assist you in developing a plan of action with precise goals for every month, quarter, and year.

4) They can meet with agents frequently and in-depth.

One of the biggest benefits of hiring a real estate career coach is having access to someone who can assist you almost 24/7. Some agents keep a line of communication open with their clients so they may offer support wherever they are. Set up a Google Hangout or Skype session with your coach, for instance, if you both happen to be out of town, to discuss your issues.

Great coaches can help agents almost at any time and almost anywhere, within limits (3 a.m. calls may not be ideal). Find a career coach you can rely on—someone who is readily available, fast to reply to your questions, and able to offer insightful advice and helpful suggestions.

Locations of Real Estate Coaches

Now that you are aware of the qualities to seek in a real estate coach, you must determine where to look. The good thing is you have plenty of options.

The top coaches can be found below as a starting point. Each has given readers unique insights into the real estate industry and assisted agents in becoming some of the best-selling real estate professionals worldwide.

When choosing your first career coach, it’s excellent for beginning agents to keep the cost in mind. Many of the most reputable and in-demand coaches and consultants demand expensive fees—some of them are as high as $600 per month. If money is a concern, your best option is to work with a respected local coach who is also reasonably priced, has all the necessary training and credentials, is familiar with the current state of sales and marketing, and is eager to assist you in expanding your company.

Ask a senior agent or broker if they can name any coaches if you have a few more years of experience working for an agency or brokerage. There may be employees in your office that may advise you in some way and provide consultation on significant agreements you have in the works.

If you are a solo agent, try contacting regional real estate associations or Realtor organisations to learn about any trainers they may have on staff.

Online is another place to find coaches. You may choose the best courses to study based on your goals and budget thanks to the program’s multiple training levels and price points.

Things successful entrepreneurs who are exceptionally brilliant do

Entrepreneurship is a path that not everyone wants to go on. The decision to accept the challenging challenges and leave your mark on society is yours. Making this earth a better place requires a path filled with unavoidable ups and downs. As it was once stated, Rome was not built in a day, and the same is true of being a successful businessman. Being an entrepreneur is difficult to succeed in, even when you work hard. You need the correct blend of talents, especially when working with people, as well as business acumen.

66% of startups fail within the first year of operation, according to the US SBA. Additionally, according to Entrepreneurs Organization, more than 50% of firms fail during the first two years. Therefore, learning how to run a successful firm and become a successful businessman becomes crucial. So, here are some advice for being a prosperous businessman.

Focuses on their area of expertise.

Successful entrepreneurs only concentrate on what they are capable of doing. To get the most out of team members, tasks need to be assigned that are compatible with their skill sets. Otherwise, founders get mired down with little details and impede production.

Employ clever people, have faith in their abilities, and your team will succeed without your involvement.

2. Sees opportunity in every obstacle.

Most people view issues as distractions that cause delays in their workday, but successful businesspeople discover ways to overcome challenges.

Innovative businesspeople always come up with new ideas for how to bounce back from failure, keep going, and try again without giving up.

3. Consistently venture outside of their comfort zones.

Successful businesspeople are continuously looking for new challenges. Without it, individuals occasionally experience stagnation and easily become bored. They search for answers as well, and they search swiftly.

You must force yourself out of your comfort zone, even though it may feel safe. To achieve more, push your limits, make connections with motivating others, and change the way you approach your work.

4. Willingness to learn more.

The most prosperous businesspeople have a strong internal drive to continuously and unreservedly engage in their growth. They are naturally motivated to keep improving in what they do. They desire to know everything there is to know about a subject they are unfamiliar with if they don’t already know the answer.

Ask successful or excellent businesspeople about their efforts to develop themselves the next time you speak with them, and let them share what they are reading or doing to do that.

5. Monitors both short-term and long-term objectives.

It is impossible to overstate the value of measurable objectives. Additionally, it is crucial to understand the distinction between short-term objectives and long-term milestones. To ensure sure the team is on track to accomplishing the long-term aim of their enterprises, they monitor progress weekly or monthly.

6. Is to provide excellent value every day.

Businesses solve issues. The best value is always provided by those that focus on it. Successful entrepreneurs keep a tight focus on the ultimate result. They work hard to provide clients with better service than their rivals. To keep ahead of the competition, outstanding entrepreneurs innovate to create new, improved products.

7. Celebrates little victories

Thoughtful business owners understand the value of minor victories in their organisations even while the emphasis is on thinking big and accomplishing your long-term goals. They are aware of how crucial it is to commemorate these victories for both the squad and the company. Maintaining team morale is crucial. Reward their efforts and celebrate your achievement with them.

8. Devoted to complete tasks more quickly and intelligently than laboriously.

Instead of working harder, try working smarter. Entrepreneurs with business sense make realistic plans they can complete in a specific time frame. By utilising methods that enable individuals to accomplish more without necessarily working harder, they maximise their productivity.

By making a reasonable to-do list and limiting the number of items you add to it each day, you may set yourself up for more productivity. Instead of focusing on how long it takes you to do tasks, consider how you accomplish them.

Manifestations of a Smart Business Owner

There are many different kinds of business owners, with varying degrees of skill and knowledge. You can be a skilled and talented newcomer to small business ownership, or you might be a seasoned business owner with years of experience but not as much talent as others.

Regardless of which category you fit into, you must be intellectual. This intelligence may come naturally to you or it may be something you are actively working on developing. If you consider yourself to be rather intelligent, evaluate how you fare by looking at these 10 qualities.

1. You Don’t Shoot Down Ideas

To begin with, one indication that a business leader isn’t very smart is if they immediately reject suggestions from members of their staff without even giving them a chance to be considered. This frequently results from the master-of-the-universe syndrome, which is prevalent in many inexperienced business entrepreneurs or those whose egos completely eclipse their team.

Great ideas can come from everywhere, especially from people who are committed to your firm enough to bring you an idea they believe would be useful, so it’s crucial to at least sincerely consider them when someone on your team approaches you with one.

It requires considerable competence and dedication on the part of an employee to express their viewpoint, even when it’s not a necessary part of their job description. A wise, seasoned leader never instantly dismisses a potentially valuable and lucrative concept just because they didn’t come up with it.

2. You’re constantly engaged in a new project.

An intelligent owner is one that constantly generates and develops new concepts, testing them out whenever possible to determine their next major move or just how to enhance their current business.

Many business owners only focus on doing the absolute minimum necessary to maintain the status quo, giving little thought to how they may run things differently or more effectively. Additionally, if the business they already own is flourishing and moving forward, they have no desire in beginning any new projects.

Since running a business is difficult enough as it is, this isn’t necessarily a criticism of those types of entrepreneurs. However, some business owners have it in their genetic makeup to continuously be experimenting with new concepts and undertaking new endeavours. They simply operate in that manner.

3. You Can Handle Any Unexpected Situation

The terrible truth is that things will unavoidably go wrong and turn out in ways that you can’t always predict. It’s easy to sit back and hope that nothing goes wrong. To the best of your abilities, you should be ready for anything, which is exactly what wise business owners do.

They go to great lengths to ensure that they are prepared for any problem that may arise, they carefully plan it out, and they put together backup plans for anything they can think of, so that no unexpected issue may affect the business too severely.

Because there are so many things that may go wrong with a new business, it’s crucial to plan for the unexpected before you even launch it.

4. Your team looks to you for guidance and leadership.

This not only shows that you are a good owner and leader of the business, but it also shows that you are an expert in your field. If your team looks to you for leadership and assistance, you’ve already shown them that you’re approachable and qualified to tackle problems they can’t solve on their own.

Smart, capable leaders are typically slow to talk or offer counsel because they have a healthy regard for directing someone to do anything because it will have a meaningful impact on them. In contrast, unintelligent people tend to broadcast their opinion to anybody who would listen. You can be very sure that you’re a strong leader if your team frequently comes to you for assistance.

5. You Don’t Fear Competition

Few new business owners are aware of this important but little-known fact. Many new business owners are terrified at the first sight of a rival because they believe it will steal their clients and maybe drive them out of business. Rarely is this the case?

First of all, realise that competition is a positive indicator. It implies that you have a viable company plan with a market, as the rival has also determined that it is lucrative. The next benefit is that you now have a resource to draw knowledge from to expand your firm.

They might have considered ideas that you hadn’t, giving you a chance to use what has been successful for that rival’s business to strengthen your own. Smart business entrepreneurs are aware that it is uncommon to need to be terrified of competition.

6. You Value Quality Above Ingenious Marketing

One of the biggest problems for small businesses is this. Many business owners devote the majority of their time and resources to carefully planned marketing campaigns that target a wide audience, but they devote relatively little time to refining their products or service.

The quality of your goods should without question be your primary focus, not fancy slogans and marketing. Marketing and advertising are equally important, but quality should come first because a great product tends to sell itself.

Customers will remember and spread the word about your business when they think your product or service is fantastic. Regardless of how gorgeous your advertisements are, word-of-mouth is still one of the most powerful sources of new business.

7. You Always Provide Excellent Customer Service

You should always take care of your consumers since, without them, your business would not even exist. Meanwhile, far too many business owners continue to undervalue providing assistance and customer service.

Few things are as successful in retaining a customer as excellent service. If your competitor offers excellent customer service, customers will switch over and pay more for the goods. Never forget that you can’t behave negatively toward a tough or uncooperative consumer.

Your company should have a policy of turning around difficult clients unless they are rude to your personnel. Even if you are unable to change their behaviour, you can at least prevent them from generally giving you a negative review after the experience. When you don’t have to, providing outstanding customer service to your clients can still be advantageous to your business.

For instance, follow up with customers and go above and beyond what they expected if they had had a wonderful experience with your company and received everything they needed. By doing this, you not only make sure your clients are happy but also raise the likelihood that they will continue using your service or making another purchase from you.

It is always a delight to read inspiring stories and get motivated to overcome all the obstacles and reach new heights. Intending to inspire passionate individuals, IT Firms publish stories of inspiring leaders in the industry.

Here is an extract from IT Firms on one such influential personality interview, Deepak Mandy.

Read below to learn about his insights on technology trends.

Deepak Mandy shared that Work4you is a dynamic IT company that changes as per a customer’s requirements. He further shared that it is powered by artificial intelligence and machine learning. Work4you also facilitates customer support, KPOs, and BPOs.

Those who have ever encountered Mr. Mandy know how passionate he is about society and wants to help everyone to tap their innermost potential. His vision is to help people achieve their personal growth. He is the one who takes challenges head-on and never fears risks.

Mr. Mandy not only leads Work4you but is also a business consultant. He has set up strong businesses in various countries like Australia, New Zealand, United Kingdom, Canada, UAE, Philippines, and India. His passion to help others roars, and he is all set to expand the horizontal and vertical structure of his business even more.

Unexpected challenges are part of business, and recently, during the pandemic, we have seen how badly businesses were knocked down. Speaking about the same, Mr. Deepak Mandy explained how he managed to run his business during the tough times and how everyone else could prepare. He revealed that he motivated his team to take it as a challenge and restructure the functions in a streamlined manner. Being an IT company, it was easy to figure out ways to carry out operations online. Everyone realized the importance of going digital and abandoned traditional ways of marketing. Thus, Work4you was able to help many small and large-scale businesses. Mr. Mandy and his team’s greatest accomplishment was to be in sync with what the rest of the world is going through and to be able to assist everyone in progressing their businesses during difficult times.

In an exclusive interview with IT Firms, Mr. Mandy not only shared his highs but shed some light on his disappointments too. As he keeps traveling and visiting his teams in various nations, he does not like to stay away from his teammates. The lack of physical contact with his teammates is something that Mr. Mandy never wants to experience again. But as shared already, he is an optimist and figured out this positive thing about the entire situation: isolation was somewhat beneficial as it helped people figure things out about life and learn about themselves.

Now, comes the most awaited part of the story, which is the functioning of the company from scratch, i.e., from the moment a client walks into the time the product is developed. Mr. Mandy is the preacher of the agile model of business. The moment the client walks in, his team maintains a back-and-forth relationship with the customer. And he revealed that the secret sauce of his success is the art of conducting several interactions and moving in chronological order. He stresses the importance of understanding the requirements of the clients completely and then entering the development stage. Furthermore, it makes the functioning of the organization much more transparent and, thus, increases the authenticity of the company.

Now comes the engagement model. It is delivery and partner-oriented. When offering services to customers, the aim is to stick to quality and cater to the customer’s requirements. Looking closely at the models:

Delivery-oriented: Here the focus is to examine the client’s requirements, put across the information about the deliverable to the client, and offer effective price ranges. Once the client is on board, the hardworking team of Work4you offers the services and gets into regular feedback sessions with the customers.

Partner-oriented: Work4you is expanding both horizontally and vertically. It also readily collaborates with individuals or organizations with similar ideologies. The vision behind this is to benefit both parties. As discussed above, Mr. Mandy is concerned about society too, and aims to nurture every business. His model also focuses on nurturing upcoming entrepreneurs and constructing a conducive business environment for growth.

As companies are switching to hybrid or online mode, Work4you is committed to making this transition smooth for customers. It provides the best solutions for the market. With the upgraded technology and processes, Work4you can deliver it. The team is dedicated to gaining more popularity on a global level without compromising the quality of work. “Our approach is customer-oriented, as our name “Work4you” implies,” Mr. Mandy stated.

In conversations with IT Firms, Mr. Mandy also shared some traits that are useful in an app development firm. He shared how essential working on the design is. Quoting the example of “Apple”, he stresses the fact that its pioneer, Steve Jobs, gave most of his time to design in the nascent stages. He believes that marketing design is crucial for success. Thus, he concludes that apart from the technicalities like website interface and programming language, it is important to focus on marketing and design.

He was also asked how he views the role of research agencies that bridge the gap between clients and service providers, as IT Firms did. Commenting on this, he expresses his admiration for the idea of cultivating a community of progressive and like-minded individuals and expresses gratitude to IT Firms for doing so. He also stresses that the bi-directional flow of communication between the customer and the organization is important.

Further, he comments that IT Firms is an amazing platform, which is fun like social media. It provides a chance for entrepreneurs and businesses to keep themselves updated.

So, this was an extract from Mr. Deepak Mandy’s interview at IT Firms. It reveals how he climbed the ladder of becoming a successful entrepreneur. But he knows how to secure his work-life balance apart from the “n” number of tasks that are lined up for him. Giving time to loved ones and yourself is also important, he concluded.

This was an extract from Deepak Mandy’s interview with IT Firms.

Tags Business Consultants, deepak mandy

Over a decade ago, when people were hunting for the right professional services, the advocate of automation, “Deepak Mandy,” came up with an idea. The idea is to bridge the gap between organisations seeking professional services and the experts offering these services. As automation has always fascinated Mr. Deepak Mandy, he has been keen to utilise technology right from the time he tried his hand on MS paint. Obviously! He just could not wait to give wings to his idea. This is how his brainchild, Work4you, came into the picture. Soon, the idea became a game changer in the industry as all the small and mid-level organisations benefited from its technological services.

The journey of Work4you started back then when it provided backend support to its Australian client, CBD Movers, which has now grown to have a worldwide presence. After this glorified success, there was no looking back. Work4you has today become a leading organization that runs processes in virtual assistance, lead generation, sales, enterprise-level solutions, customer support, website design and development, digital marketing, app development, and various other niches all over the world.

You must be wondering why Mr. Deepak Mandy chose this difficult and competitive niche of the industry. Well, commenting on this, Mr. Mandy shared his thoughts that he knew that the strong value system and deep-rooted thoughts he had behind launching Work4you would help him surpass all the competitors in the industry.

In conversation with Firmfinder, Mr. Mandy shared his secret sausage of success in the initial days. He shared three key points:

1. Engagement

“We at Work4you have always been open to suggestions and deliver the best to our clients. Since our initial days, we have followed the strategy of engaging with our clients.” Our approach has always been feedback-centric,” shared Mr. Mandy.

2. Tapping “The” Right Niche

He also shared another crucial thing, which was to recognise their forte and work hard to improve it. And today, Work4you is leading the virtual assistance and digital marketing industry. They recognised their hook and worked for it.

3. Setting goals

We also figured out that Work4you, since it was a baby, has kept a goal-centric approach. They set measurable, small goals and worked to achieve those goals. The team also ensured that the process of reaching that goal was realistic and smooth.

The ladder to success was not easy for Work4you. Even this industry-leading brand had to overcome many initial challenges, such as finding the right skill set, acquiring resources, and gaining societal trust. Throwing some light on the initial days’ setbacks, the CEO of Work4you shared that his team was in the process of taking a very influential client on board. He quoted, “We worked hard on the project in making the strategies, hiring more people with the required skill set, and providing the best services. But this very client, for no good reason, went silent just a week before the kick-off was scheduled.

We also discovered that Work4you’s monetization model has a two-pronged model and has further subdivisions. The first model is delivery-oriented. It focuses on understanding the requirements of the customer and delivering on their demands. Another model is partner-oriented. The goal here is to expand the network and add more to the skill set by collaborating with the companies and individuals. This approach is majorly contract-based. The collaboration is structured in a way that benefits both parties.

Work4you follows 5 key points, which are based on a design thinking model that has led it to create successful apps or SaaS.

The first approach revolves around the customer’s demand. It is the customer-centric approach. The idea behind this approach is to satisfy the demands of the clients and make their experience worthwhile. An example of this is Mate4trade. It is a customer relationship management app. It was developed to help tradies manage their team and work. It has helped tradies to abandon the stressful process of managing the leads manually.

Next, the brand uses a “lean approach.” It uses the art of optimising resources efficiently. The idea is to do smart work and save time and effort.

The third approach that we discovered, which Work4you uses, is agile methodology. As Work4you has always believed in the engagement approach and satisfying customers’ requirements. It sticks by it at every step. The customer’s feedback is taken at every step to make sure that the results satisfy their requirements.

Another approach that Work4you is appreciated for is its “after-sales” support. It maximises customer satisfaction completely. Providing maintenance after delivering the service or product is very important to maintain the authenticity of the product.

Another very evident approach that Mr. Deepak Mandy swears by is valuing relationships more than monetary benefits. Work4you has gained popularity for serving the community and giving affordable services that actually help brands achieve their goals.

We know that by now you are all influenced by the charm that Mr. Deepak Mandy has spread in the industry. Since you are all influenced by him, let us tell you a good deed that is on his mind. If you are idealising him, then you must approach him and give him ideas to actualize it. So, being a visionary man, he has the vision to begin a movement that provides a platform for the masses to show their talent to the world. That will further aid them in earning their living. Hardworking and deserving people should be able to make their name as experts in the niche that they are proficient in. Helping people realise and tap into their inner potential and grow in life is his aim.

It was the support of his parents, wife, children, and employees, whom he chooses to call his own family, that led him to the point where he is today. Yes, this is what he shares whenever he is asked about the strengths that made him a successful entrepreneur.

There is no success story without mistakes. Every human being makes mistakes, and so did Deepak Mandy in his initial days. But he believes that it is important to make mistakes and learn from them. Do not be knocked down by them, but rather persevere each day to reach the point of victory.

He has built a strong international brand, but the key to his heart will always be a simple Indian milk tea. Deepak Mandy believes in constructing a strong path for himself and others through his vision. Having made his name in the industry, he is now focused on helping others build theirs. These are the highlights from the interview of Mr. Deepak Mandy, conducted by firmsfinder.

Tags Business Consultants, deepak mandy

You need a strong reason to part with your hard-earned money. Australia is going to give you plenty of those. If you are a strategic investor, you already know what factors to look into before investing in real estate in Australia.

You know what goals you want to achieve and you have long-term property investment strategies already forming in your mind. But if you are new to this game, you are probably going to need a bit of advice and guidance. This could be your opportunity to turn your cash into a money-minting asset. The following section contains a checklist that you should keep in mind when investing in real estate anywhere in Australia. Let’s begin:

1. Begin By Organizing Your Finances

You cannot imagine investing your money without organizing your finances. You must have a financial plan ready before you buy any property. Right now, interest rates across Australia are quite low but they do vary from city to city. Usually, this allows people to borrow somewhere between 80% to 90% of the property’s value and just have to gather close to 10% to 20% to pay upfront. You may decide to work with a finance broker to get you the most flexible loan options that are going to suit your needs the best.

2. Understand The Structure Of Your Loan

The next step is to understand the structure of your loan. You can engage a financial advisor to structure your loan whether it is fixed, variable, or mixed. The interest that you pay on your investment property is going to be tax deductable. Remember that there are certain borrowing costs as well that are tax deductable but others may not be. You will be advised to go for an interest-only loan. This is especially relevant for investment properties because you can easily write off the interest amounts when calculating your tax. Remember that going for the contemporary principle and interest structure for your loan may not be the perfect fit given the current economic conditions. But then, the entire structure of your loan will depend on your financial goals as well.

3. Purpose Of The Investment

What is the purpose of your investment? Are you looking to invest in a property so that you can convert it into a source of recurring income? Do you want to invest in a house or a commercial building so that you can sell it off later at a profit? Whatever your goal might be, this is your wealth creation journey we are talking about and the answers to these questions will form a part of your property investment strategies. At any point of time, there are more than 300,000 properties that are available for sale all across the country. According to independent studies, less than 5% of them are investment-grade. So remember to first define the purpose of your investment and then shell out any money for investing in real estate in Australia.

4. Wrap Your Head Around The Upfront Costs

You must have heard about upfront costs from various sellers, buyers, investors, and property management professionals as well. What are these?

– Deposit

Real estate investors looking to invest in residential property will be required to deposit at least 20% of its value. If you want to buy any commercial properties, the percentage changes to 30%. The vendor is going to expect at least this much from you.

– Loan Establishment Fee

This fee is also called your application fee. It is going to cover the cost of document preparation for your new mortgage. Some banks and financial institutions do not charge this fee at all. This can cost you somewhere between $200 and $700 depending upon the amount of loan you have taken.

– Lenders Mortgage Insurance

The lender is going to require this insurance if your deposit is less than 20% of the value of the property. This is a one-time fee that the lender is going to charge just for protection purposes. If you default on your mortgage, this fee is going to give the lender the cover that he needs.

– Stamp Duty

When it comes to changing the ownership and title of the property, the stamp duty is going to cover the cost associated with it. The amount is going to differ depending on which state you are located in. It is also going to fluctuate depending on the value of the property.

– Connections

All your utilities, services, water, gas, electricity, and other amenities are covered under this fee.

– Legal Fee

If you have hired any solicitor, this fee is going to cover his cost.

5. House, Unit, Or Land

The type of property that you are looking for is also an important consideration. A plot of land is like a blank canvas which can be a lot less expensive initially as compared to an already constructed villa. Also, if you intend to acquire this land and turn it into a rental property, there is a long gestation period and further investment that will involve constructing a building, looking for tenants, advertising the property for rent, and a lot more. If you are a first-time investor, a single unit can be your first choice. Despite the high prices, houses still continue to be a preferred choice amounting to close to 38% of purchases.

6. What Is The Age Of The Property?

As a real estate investor, the age of the property would also matter to you because an established building would require the services of a professional property manager and regular inspection of the asset. In a new property, these issues may be limited in number. You can always improve the condition of the asset through renovations.

7. Remember To Negotiate

Is there a rule that you have to accept the asking price? Not at all! It is never advised to suppress your desire to negotiate. If you have the calibre to do it, do not hesitate. Some sellers are always going to price their property really high because they already anticipate that the buyer is going to negotiate. They would then cut down on their asking price and sell it off still at a very considerable profit.

Final Thoughts

Investing in real estate in Australia can be one of your biggest life-changing decisions. Whether you are a non-resident or an ex-pat, the property market in Australia always has something for everyone and every budget.

The benefits of creating a business partnership are numerous. It’s a chance to pool resources, and that person is likely to have abilities you don’t. Establishing a partnership with partners or investors can provide your organization with financial resources as well as talented, productive human capital if done correctly. Everyone has a favourite brand, but there’s a high possibility your favourite products are the result of two different brands collaborating.

One of the quickest methods to expand your business is to form partnerships. CBD Movers Owner does not have a large group, but Deepak Mandy knows how to use partnerships to broaden our reach and accomplish more than most other groups of our size.

I’m delighted to share how we achieved it and demonstrate how smart collaborations can help you develop your business. After having an epiphany: our potential clients were already spending time elsewhere, CBD Movers owner began looking for partners. Deepak Mandy thought he had a lot to contribute to the right consumers because of his background and expertise in the moving industry. All we had to do was select companions who were a good match for both of us.

1. Bridging the Knowledge and Expertise Gap

Partnering with CBD Movers Owner can provide you with a broader range of skills for many aspects of your company. A good business partnership may also contribute expertise and experience that you lack, as well as complementary abilities that will help you build your company.

For example, you might be amazed at coming up with fresh ideas but not so much at selling them. You may be a digital whiz, but when it comes to creating connections and managing operations, you’re a fish out of the sea. That’s where a capable and knowledgeable partner like Deepak Mandy may come in and fill the gaps.

2. Increased Capital

A potential partner like CBD Movers Owner may be able to inject capital into the company. It’s also possible that the other person has more strategic ties than you. This could help your company attract potential investors and raise further funding to expand. It will be easier to raise funds for business operations if there are two or more partners interested in the company.

A potential business partnership may have a diverse network of connections that can assist your company in attracting investors. The collaboration can also assist you in obtaining funding for your firm. It will increase your creditworthiness, making it easier for you to obtain business loans. Your ability to borrow money to fuel your company’s expansion may also be improved if you choose the right business partner. When examining a potential companion, it’s a good idea to keep these financial issues in mind. As a result, the more partners in the firm, the more money will be put into the investment, allowing your company to grow and profit more.

3. Cost-Cutting

Having such a business opportunity might help you share the financial burden of running the company’s expenses and capital expenditures. This could save you a lot of money compared to going on it alone.

4. Expanded Business Opportunities

The opportunity to share labor is one of the benefits of having a business partner. CBD Movers Owner can help you enhance your productivity while also allowing you to explore new business opportunities with ease and flexibility. It may even be capable of resolving the issue of opportunity costs.

Potential advantages or commercial chances that you may be compelled to forego while pursuing other options are known as opportunity costs. After all, as a one-man band, you must prioritize where you spend your time and talents. A partner who shares the workload may free up time for you to pursue other options.

5. Achieving A Better Work-Life Balance

By spreading the effort, a companion can assist lighten the weight. Such a business opportunity may allow you to take time off when you need it, knowing that someone you trust will keep the fort running. This could be beneficial to your personal life. Partners can assist you in achieving a balanced life by reducing your job load. As a result, your mental health will improve.

You will not be constantly stressed. You will also be able to take vacation days as needed. A business relationship may eventually assist you in being psychologically fit.

6. Morale Boost

Everyone should be able to bounce ideas off each other and discuss big issues. When we face setbacks or have to deal with jobs or everyday disappointments, we may want moral support. Other times, it’s simply the want to rejoice after achieving a goal or even the need to vent now and then.

A solopreneur or small-business owner may not have as many options for accomplishing this. Running a business on your own can be isolated. However, a valuable business companion like CBD Movers Owner might be a trustworthy collaborator.

7. A Fresh Viewpoint

It’s all too simple to develop blind spots in our business practices. Collaboration can bring in fresh eyes to assist us to see things we might have overlooked. It may assist us in gaining a new perspective or outlook on what we do, who we work with, which markets we seek, and even how we price our products and services.

A spouse can inspire us and perhaps take us from apathy or the status quo to the thrill of discovering new possibilities. We can’t put a price on everything, and inspiration is one of those precious intangibles.

8. Adaptability

A partnership business is a useful structure or form. Other corporations’ policies are more conservative than their own. In comparison to other businesses, they are not as severely regulated. The moving business can be operated and financed in whatever way it sees fit. Because partners only have the right to make business decisions, management and business operations are more flexible as long as all partners agree with each other.

9. Long-Term Stability

All businesses want to remain relevant for a long time and fulfil their corporate goals. If you have business partners, you are no longer functioning alone. You’ll have more information, innovation, expertise, and finances available to you. What’s the bottom line?

A good business collaboration improves your performance by addressing your flaws and enhancing your strengths. Finally, this is all you need to stay relevant for a long time and assist your company in achieving its goals and essential outcomes.

To summarise, all firms should seek out the ideal strategic relationship that matches their operations, since this is a proven way to propel any company forward. If huge global organizations such as Google, Apple, Luxottica, and others still regard strategic partnerships as a method to grow and expand their company horizons, then there should be no reason for any business owner to ignore the benefits of a well-aligned collaboration.

During the joint presser, Australian Foreign Minister Marise Payne has recently announced a series of new drives to upheave the education system. she has announced to build education and cultural ties between Australia and India, in regards to that she announced the ‘Maitri’ Scholars Program.

Under this program, Indian students get USD 11 million for four years to study in Australia’s world-renowned universities. MoU’s signature with India by the Australian government is to boost tourism under the ‘Maitri’ scheme. In addition to that, the $3.5 million grants and fellowships program will build links between future leaders, supporting mid-career of Indian and Australian professionals.

To boost the role of creative industries in our economic and people-to-people ties $6.1 million Australia-India Cultural Partnership was made. This collaboration is meant to expand the horizon and promote artistic talent and cultural exchanges in two countries’ world-class visual and performing arts, literature, film, television and music industries. Apart from this, trade, tourism and investment are also areas that can get affected by this initiation.

During the visit to India, Mr Dan Tehan met India’s Minister of Commerce and Industry Piyush Goyal to discuss the free trade agreement between the two countries. They have also renewed MoU on tourism cooperation and launched India Australia Infrastructure Forum.

On the CECA, Ms Payne has emphasized recovering from the impact of COVID and both countries should promote travel. This travel would encourage markets and advance cooperation on tourism policy, data sharing, training, and industry engagement. Ms Payne has also acknowledged Australia’s most important partners in the Indo-Pacific region which is India and strengthening the bond for the future also.

These scholarships and funds let the students focus on their studies, instead of survival and earning money to pay their tuition fees. This will eventually make some brilliant students with investing their dedication in learning only. Furthermore, Indian students can earn better career opportunities for themselves based on the core education they will get.

Tags Indian students, scholarships, training

Deepak Mandy is a business coach who has been building businesses Down Under all his life. From commendable expertise in the IT sector to a tight grasp on logistics, he has also been a mentor for budding entrepreneurs, giving genuine and effective business advice. As a business coach, Deepak Mandy understands the challenges that young, as well as seasoned businessmen, face while raising funds for their companies. It is true that the proper execution of an idea is what makes it work. Bringing good solutions to the masses has been Deepak Mandy’s forte ever since he entered the Australian markets and raising capital is one of the foundations of any good execution. This guide seeks to explore these challenges and how to overcome them.

Challenges in Raising Capital

Entrepreneurs come up with brilliant ideas and even have the right knack for executing them into practice. However, a slow or lack of cash injection at the right time is a major reason for many crushed dreams. Deepak Mandy suggests:

Investors are Dicey: It happens often that a verbal commitment given by the investors during a pitch is not followed up with a proper investment decision by the investors.
Lack of Urgency: Entrepreneurs often fail in creating a sense of urgency to the investor which results in a delayed reaction. The number of investors is less compared to the number of companies seeking funds – a major reason behind this issue.
A Declining Economy: You can’t do much about it, can you? Well, coming up with a market disruptive solution is the only business advice that would work here. Moving on.

Companies Eligible to Raise Funds in Australia

Public companies (a company with more than 50 shareholders that are not direct employees of said company) are eligible to raise money from the general public (IPO). The company has to declare securities before entering the public pool to raise money.

Private companies (technically the opposite of a public company i.e not more than 50 shareholders that are not employees) can also enter for raising capital:

From a private party such as employees, shareholders, or a subsidiary company.
If there is no disclosure document required, the private company can raise funds from the general public.

Restrictions on Advertising or “Cold Calling”

When a disclosure document is required to raise funds, cold calling or advertising to the general masses has restrictions and boundations. In the most general terms, it is not allowed to cold call people from the general public and tells them about the securities. There is an exception in this case though. Deepak Mandy suggests that you check this link out. Holders of the Australian Financial Services Licence can raise funds from the public. Do check the link for more information though.

Advertising securities, as aforementioned, is not allowed. However, if the disclosure document is lodged, the scenario changes a bit. You can start advertising for public funding in Australia after the disclosure document is lodged as long as there is a statement in the advertisement or cold call stating that:

Offers will be taken only with an attachment of the disclosure document
There is an application form in the disclosure document and anyone who wishes to infuse money should fill it out first.

Don’t have a disclosure document? The Right Time to Raise Funds is this

With years of experience raising as well as investing funds, business coach, Deepak Mandy has compiled some pointers for you in this regard. If your company does not have a disclosure document, the right time to raise funds depends on:

In case there is a personal offer. This also includes (a) offers made to less than 12 people in the course of a year and (b) the offer will not raise the total amount (in a year) above $2 million.
Offers are made to the person who is not eligible for a disclosure document.
There are also various conditions that are included in this category. For a detailed understanding of when you can raise capital without a disclosure document, check out the official link.

The right time to raise capital in case of the non-existence of a disclosure document also depends on where your business is currently and whether you have an execution plan in place. In simple terms, the allocation of the proposed incoming funds needs to be decided by the entrepreneur. Although this is not some mandatory step, it is absolutely essential for the entrepreneur to have a thorough understanding of where the money would be used and how much the returns will be.

How to Overcome Raising Capital Challenges

As a business advisor and coach, Deepak Mandy suggests that entrepreneurs take the following roadmap to overcome the challenges of raising funds in Australia:

Scalable business strategy: A scalable business strategy is one of the major factors that investors look into before injecting money into a business. Investors look for good future prospects before making a decision so a scalable business model is a must.
Market feasibility: Entrepreneurs and young businesses should not fall in love with their ideas and lose a sense of the real world. The feasibility and the problem-solving power of a business is the one thing that will keep the company floated in periods of crisis.
Having a realistic time frame: Unrealistic deadlines are also a reason for the failure of many young businesses. Business advice in this case requires entrepreneurs to keep a realistic sense of time frames.
Networking: Networking with high net individuals as well as good companies of the different industries is another key factor that will help you to raise capital.
Crowdfunding: Crowdfunding is another great way to raise capital if you believe that your idea is capable of motivating the general public to help you grow.

Conclusion

It is crucial to understand the place and time where your company stands before you start planning the next step. If you decide to raise money at the wrong time, it may end up hurting you more than helping you. We hope that this ‘Deepak Mandy’s guide to helping overcome capital raising challenges’ was mind-opening for you.

Tags business coach, business consultant, Capital Raising, deepak mandy

Establishing a new business can be amazing and challenging. You have to do market research, arrange finance, build contacts, secure a location, and perhaps hire staff. Before establishing your new business, it is recommended that you speak with an experienced business consultant about your new business idea. A business consultant will increase your knowledge and experience about the future operations of your business, as well as help you in creating a business plan.

Business Plan

People avoid writing a business plan because they believe it is too time-consuming or unnecessary unless they are seeking financing. However, the reality is opposite. Establish a business strategy before investing. It will help you develop a strategy, define your company goals, and determine the viability of your planned business.

A business consultant may develop a customized business plan for you or will evaluate your existing plan and provide you with useful suggestions on your business idea. They will identify any missing information or research on your behalf. Additionally, they will offer simple business advice on how to improve your company’s performance.

During the start-up period of the business life cycle, a business consultant will help you deal with the specific difficulties that arise.

● Building a strong structure– Identifying the most appropriate structure for you.
● Registration may be a hassle– With assistance, you may avoid the hassle of registering your company with the government.
● Budgeting and planning– can help you in developing a practical and effective company strategy.
● Accounting system– can conduct an audit of your current accounting system and provide recommendations for improvements to guarantee that your system generates accurate and trustworthy financial statements.

Benefits of Getting the Assistance of a Business Consultant

● Protect your company from making potential mistakes and spending money that isn’t required.
● Provide a properly studied business plan.
● Most up-to-date legal and compliance knowledge.
● Understand all aspects of running a company from start to finish.

What does a business consultant do?

A business consultant’s goal is to help an organisation improve its performance and growth by finding creative ways to achieve corporate goals. They are equipped to handle difficult business problems by developing solutions that will enhance the operational and financial health of any organisation.

Identify barriers to growth or efficiency
Determine the changes that need to be made and help implement the changes
Provide necessary training and resources to staff and management
Bring unique ideas to rejuvenate the business
Support in business planning and creation of new business
Implementation of new programs
Analyze the budget of a business, provide recommendations for changes, and assist in implementing such changes
Select suppliers and partners to help accomplishing goals

Strategy Development For Your Business

Strategy development approach of a business consultant ensures that short term activities are aligned with long term aspirations, vision and purpose. Through market research and business analytics, they identify key issues, opportunities, and threats that affect an organization’s business model.

They collaborate with you to define and develop your organization’s fundamental mission and vision, as well as define the critical strategies necessary to achieve them. Then they plan, prioritise, and organize key initiatives into a roadmap with short-term, mid-term, and long-term goals.

Tags Business Consultants, Business Consulting, Business Plan, Business Startup Strategy, deepak mandy, small buisness, Startup Business Plan, strategic business plan, Strategic Plan for Business Development