Keeping the employees safe and healthy should be a priority for all businesses, especially for the ones that have their staff working in a warehouse. Warehouses can become extremely dangerous places, because of moving vehicles, high shelves, human workforce, and heavy items stocked on racks. If the management does not promote and follow proper health and safety procedures, disaster can wait around the corner. Studies show that the main causes of accidents in warehouses are the vehicles that run in and around the space, the falling objects, the moving objects, the manual handling of goods, the work at heights and the slips and trips. Safety regulations require all companies to have occupational health and safety programs. Its purpose is to prevent diseases in the workplace, and work-related injuries. All business owners and employers have the responsibility to ensure their staff a safe workplace, no matter if they are working in a warehouse or office. Depending on the size and area of the business, the scope of the health and safety program can differ. Health and safety should not be forgotten once the legal obligations of the company are satisfied. The working environment is in a continuous change and companies should asses the risk, and adapt the health and safety policy to the present needs of the market. Warehouse operators should focus their attention on some specific aspects that require improvements.
The collective opinion of investors all around the world is that a diverse investment portfolio is better than a linear one. Diversification is perceived as easy and straightforward by many investors, but truth be told, there is plenty of misleading information out there that might damage numerous of investment portfolios. Of course, you can’t “put all your eggs in one basket” but this is wrongly interpreted by investors. Below we have some additional information that will certainly come in handy when it comes to building a strong and resilient portfolio.
Different Types of Risks Lowe Portfolio VulnerabilityWhen investing, venture capitalists face two main types of vulnerabilities: undiversifiable and diversifiable.
- Non-diversifiable risks are those that are associated with all companies and all investors. These are commonly known as market risks or systematic risks. In this category fall inflation rates, exchange rates, war, political instability and interest rates. These are things that cannot be changed by the investor themselves and should be accepted as they are.
- Diversifiable risks are also known as unsystematic risks and these don’t depend on political or economic instability. They can be influenced and minimized through diversification and they are specific to companies, markets and industry.
Why Should You Start Diversifying Your Portfolio?Let’s take a hypothetical situation where an investor only has airline stock investments in their portfolio. The pilots and staff of said airline announce that they will be on an indefinite strike and all stock prices are dropping. Your portfolio will lose its value in an instant. But if you also have stocks in other industries, let’s say railway stocks, only one part of your investments will suffer. But experts recommend not to stop your diversification at two types of stocks. In case of war or economic instability, both airline and railway stocks might suffer. Diversify your investment portfolio furthermore to gain resilience in face of unfortunate economic or social disasters. From different companies to different industries, investors should seek new diversification opportunities to gain uncorrelated stocks. Asset class diversification is also important. Different asset classes react differently to various market events. This type of diversification will keep investors protected against market swings. As a general rule, equity markets and bonds move in opposite directions. So, if unfortunate events emerge in one asset class, the other will experience growth and a positive trend. Experienced investors can try to diversify their portfolio with synthetic investment products. However, these are complex and require plenty of experience. Small investors and beginners should avoid such investments due to their difficulty level.
How to Find the Finances for Portfolio Diversification?Diversifying your portfolio means more money invested in different types of assets. If you’re unwilling to swap one asset for another, you can find various types of loans that will offer you just enough financial means for your future investments. Business loans seem to be the most desired when it comes to reliable and accessible financing options for most investors (Source: Nocredit.se). When investors want to reach new diversification rates in their portfolios, these types of loans are the first on investors’ list.
How to Diversify Your Investment PortfolioTo diversify your investment portfolio, it’s mandatory to consider different asset classes. This depends, however, on your capital and risk tolerance.
- Stocks are the most common investment option but they also are the most volatile asset class. Instead of investing in stock in a single enterprise, it’s advisable to invest in different enterprises in different industries. Diversity can be achieved easily when it comes to these types of assets, but it’s important not to limit your portfolio at these.
- Real Estate is another asset in which you want to invest for a diversified portfolio. The real estate market and stock market influence each other (see the 2008 recession) but don’t show such a close relationship. When stocks or bonds drop, there is a long interval necessary for real estate to follow. But also, when stock rates experience a positive trend, the housing market needs a while to improve and also follow. When it comes to real estate assets, it’s important to remember that location-specific factors play a huge role in prices to boom or plummet. In this case, you should think of these factors as independent ones from the overall economic context. Expensive markets, for instance, tend to perform better than stock markets in many circumstances.
- Bonds are yet another great type of asset for investors looking forward to diversifying their portfolios. Bonds are issued by government and corporations when they look forward to raising money. Investors can lend money to the government or a company that needs money. The loan is issued for a fixed amount of time and it is also charging interests (variable or fixed). Of course, the borrower will have to repay the entire amount borrowed and interest as well when the bond expires. While this isn’t a permanent type of investment, it’s a great opportunity to diversify one’s portfolio. They perform opposite to stocks in face of various market events, which makes them perfect. Plus, in this case, portfolios are not exposed to market volatility. The amount borrowed will be recovered by its maturity date. Bonds are a great way to counterbalance market volatility and are more stable than stocks and real estate investments are. While the returns are certainly less generous than in other assets’ case, they are a secure investment for sure.
Other Reliable Ways to Diversify a PortfolioWhile the options presented above surely are great tools to diversify an investment portfolio, there are other reliable ways to do so. For instance, you can invest in whatever type of asset you think that will accumulate value over time. Vintage cars, art and jewelry are only some of the asset classes that investors believer that will preserve if not boost their value over time. Low-risk short-term investments are other solutions when it comes to portfolio diversification. You could invest in foreign and domestic stocks at the same time to minimize your portfolio’s volatility in face of certain politic and economic events.
Many people encounter problems when it comes to managing their finances. This happens because they are not organized enough, they have previous debt that they need to pay, they don’t know how to track expenses and so on. In order to learn all these things about finances, they need to invest some time and attention in learning how to become financially smarter and keep the numbers between the limits. This article is supposed to present the easiest and most efficient ways to manage money and avoid accumulating debt any further. The tips you find here may be difficult to apply at first, but once you turn them into a habit, these actions are going to become part of your routine. Here’s what you should know:
How to track your expensesThe first thing you must learn in order to bring your finances to the right path is represented by expense tracking. In many cases, people don’t understand where their money goes because they don’t smartly track what are the things that require spending each month. You can either start an agenda and write your spending down, or you can use one of the many available smartphone apps, that also remind you to insert your expenses at the end of the day. Apps are more appropriate for this task because they also make the necessary calculus to add up your expenses at the end of the month. To start tracking your expenses, you must determine what your total income is. The total income includes all the money that you gain, no matter the sources. To calculate your total income, start by adding up your base salary, any spousal support, child support, social security support or side hustle. If you gain any bonuses, gifts or donations during that month, add them to the income category as well. Basically, any sum of money that you receive must be added to the total income. Once you do that, you can start extracting the expenses. Separate the expenses into categories. The most important expenses are represented by housing and food. Housing expenses include the money that goes on mortgage, rent, home insurance, taxes, maintenance and such. Food expenses include groceries, work meals or money that you spend on coffee, restaurants etc. Paying the utilities is next. This category includes any electric, gas, phone, TV and Internet, trash and other bills. Then, make sure to pay insurance bills, healthcare bills and any services that you have active memberships for. Another expense category has to do with savings. This category can’t miss from a financially-stable person’s plan. You need to set up an emergency fund and a home fund. If you have children, you need to put together a college fund for future education expenses.
How to improve your financial situationIn case you struggle with finances and you can’t cover all the expenses at the end of the month, you need to find ways to improve your current financial situation. The best method to do that is by starting a side business. It might sound too difficult at first, but there are all sorts of side businesses that don’t require much time or effort from you. If you can’t start a business, you can look for part-time jobs or weekend jobs that could help you gain an extra amount of money. Keep in mind that this solution is temporary and you shouldn’t overwork yourself. Building an investment account is another option you have. Most banks offer commissions for people who save a certain amount of money per month. Take advantage of that commission and start your investment account. As for purchases, try to reduce your expenses to a minimum and select shops that offer promotions and sales. There is a rule that you can follow to understand finances easier and save some money on the side. This rule is called 30/30 and it involves the following principle: to avoid unnecessary purchases, anything that costs more than $30 should wait 30 days, only if it’s not paramount for a living. This rule will help you stave off purchasing impulses that you may have. In case you still encounter financial problems, you may want to get a loan until the situation gets better. If you decide that this is the option you seek, you can find more information about loans and finances at smarter.loans.
How to pay off existing debt fastThere are a few tips that will help you pay off debt quickly to meet your future financial goals. First of all, you need to make a list of all your debt and try to pay it each month as a whole. Consolidating your debt is a good option as well so that you don’t need to worry about paying separate bills. Until you pay your existing debt, you should avoid accumulating new debt, or the situation may get worse in the long run. You need to set goals for the next year to pay off a certain part of your debt, based on a simple calculus – how much you afford to pay at the end of each month. During such situations, you may want to minimize the amount of money you include in your saving accounts and spend more money on paying off debt. In this situation, needs overcome wants, so you need to reduce your monthly spending. Seeking financial advice from a professional may also help. You should give the 30-day money challenge a try. This challenge involves participating in activities that don’t require as much money and opting for low-budget variants instead of more expensive ones. Reevaluating goals every now and then is required, along with a new calculus regarding how much debt is left. Depending on how quickly you want to get rid of it, you can set how much money to pay monthly on this goal. Read personal finance books to find more creative ways to improve your financial situation in the meantime and keep in mind that balancing everything out will take some time.
Ramaphosa’s job isn’t an easy one, the current president of South Africa having to pick up from where Jacob Zuma left off in February of 2018, trying to gradually undo all past mistakes by committing the government to allow private investments. Some criticize the current president for holding meetings and summits where nothing really appears to get done, but a little patience should be granted in this case, especially considering that there are at least 10 companies willing to invest in the progress and development of the country, helping create new jobs in the process to aid resolve the issue of high unemployment stats. As there was a great loss of credibility during the Zuma era, the country facing a severe image damage inflicted by the opaque and unpredictable government formed by the prior ruler. Thus, Ramaphosa has been facing a great challenge since the get-go under the form of credibility recovery. For this reason, summits and meetings are held often, the president trying to convince investors to drop a dime and aid the country’s development process go smoothly.
Companies have already pledged to investOn the second day of the Investment Summit, 10 pledges had already been amassed. Rain Mobile commits R1 billion to build a new 5G network that would help improve the telecommunications sector considerably, while the Mara company is said to invest R1.5 billion towards the same sector, putting a bigger emphasis on creating more jobs to concomitantly help lower the unemployment rate as much as possible. Ivanplats, a subsidiary of Ivanhoe Mines, is willing to invest R4.5 billion in the local economy, Sappi pledging R7.7 billion for the same purpose with the added intent of focusing on manufacture and textiles more. Naspers intends to invest R4.6 billion while setting up a tech innovation hub to create more jobs. Vedanta offered a staggering R21.4 billion for the metal industry, while Mercedes-Benz South Africa gave R10 billion and Mondi pledged R8 billion for the country. The biggest surprise yet came from Anglo American, a mining company that commits an R71.5 billion investment in the mining industry that spans over the next 5 years. Up to this point, R134.1 billion have been raised and the good news keeps rolling in, a positive outlook on the country’s situation not seeming as impossible as it did the past years. As long as Ramaphosa will have a strong hold over government and not allow the internal situation to decay as his predecessor did, investors are bound to aid as they won’t fear losses, and South Africa will be on the right path to economic growth and development.
Oppressing developmental issues that Ramaphosa must tend toPoor regulation of the energy, telecommunications, and water industries must be fixed under his presidency for him to regain credibility in the eyes of foreign investors. Evidently, when discussing these industries we must take into account the impact held on country inhabitants as some major issues emerge:
- People don’t have the same access to information and communication means as those in better-developed countries do, which harms a number of life quality aspects, education receiving the biggest blow.
- Water pollution is a major issue that has led to serious health detriments for inhabitants, thus decimating the number of people who are apt to work and who would have otherwise contributed to a more rapid development. At home sanitation doesn’t come as easily for inhabitants as it does in developed countries as earnings are significantly lower, so it is up to the state to fix this oppressing matter.
- There can be no real development without the energy department thriving as it is needed not only for life quality increase among the populous but for sustaining the rest of the industries that can help South Africa in its developmental process. As it basically stands at the core of all actions, energy is the department where Ramaphosa and the government must get most heavily involved.
What the future holdsAware of how important Africa’s development is for Europe as well as the rest of the world, Chancellor Angela Merkel has personally urged companies to shift their focus towards this continent to back efforts in prosperity so that the people of the continent will finally enjoy the same luxuries as the rest of the world. With backing from one of the most respected political figures at the moment and Ramaphosa on the right track towards winning trust, the future seems brighter than ever for South Africa in particular. The summit might have seemed a bit too pretentious to some as its showbiz style scene and the fanfare were indeed over the top, but this isn’t what we should take away from it. The vast audience that tended to the event, which was composed of approximately 1300 business and government leaders, was pleased with the outcome as pressing issues regarding the country’s reliability when it comes to investment were clarified, the president reassuring the business community that their properties and investments are now safer than ever and will remain this way. In the event that even more businesses commit to aiding South Africa in its journey toward growth, people who live in unsanitary conditions, who are faced with pollution-induced health issues, who live in poverty, and who don’t have proper access to education will likely see an end to their troubles as not only will new jobs invade the market, but life expectancy and quality will grow as a result of industrial and economic growth. Summary: With South Africa’s economy struggling, the recent investment summit led by Cyril Ramaphosa was intended to revive economic growth in the region. Addressing the structural weaknesses in the economy and improving the investment framework could be the moves that will eventually lead to a fix, especially with the right external help.
Although the paycheck is the only thing people think about before accepting a job, there is more than this involved in the equation. Of course, salary matters, but other parts of the compensation package or even training opportunities matter enormously. Besides, you want to make sure that the employer is a reliable one. You want to be sure that for that paycheck you won’t have to take extra working hours or double shifts. And most certainly, you want to make sure that your employer’s workplace attitude is a positive one. Here are some things that you may want to consider before jumping into that boat and accepting a job offer.