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How to Prepare Your Workplace for a Power Outage

Workplace for a Power Outage

Many companies have dealt with the pandemic by transitioning their workforce to a work-from-home setup. For more than a year, businesses managed to take care of their operations and processes, mitigating the impact of the crisis and surviving. In recent months, the workforce is slowly going back to their offices.

Getting back to the office, bringing a concern you might have encountered with your employees when you let them work remotely –power outages. With the energy crisis in many areas across the globe, the threat of power outages in offices is a concern that business owners need to keep in mind.

Power outages could be announced or not, but it will be more than a nuisance when you are not prepared for it all. Not only will your business lose time and money during the outage, you may also suffer long-term, especially when your company deals with data servers and sensitive technology, along with employee-safety issues you also need to address.

If you’re gearing your business to prepare for unforeseen power outages, here are some steps you can take to ensure your office is ready whenever your office loses power.

Have a Backup Plan

The key to making sure you’re ready for the outages is proper planning. What are the vital processes that would be affected once this happens? Don’t be a business owner that only thinks about implementing a backup power plan when the actual power outage happens.

So instead of having a would have, could have, and should have moment when all your systems and power are down, take the time to plan out what you will do. Cover all the bases starting from securing your employees’ safety, then towards the core business processes that will be impacted by an outage and plan for an alternative that you can do, as well as securing your office equipment.

You may consider getting a generator to your building (in case it is not available yet) that will automatically kick in once power fails. Power back ups are highly beneficial in this scenario. Just in case you just have a limited supply of power, you may have an office-specific generator you can add on top of the building generator, especially when you can’t afford to lose power in long hours. Generators help you avoid disruptions and it keeps your personnel and equipment safe. You can also opt for solar power on your emergency power concerns, since there are also those solar panels with battery storage so may have enough energy socked away to power you through the power outage.

Secure Your Data and Equipment

Technology company or not, it’s imperative to protect your data and equipment. Your computers and other devices should have their mechanisms that prevent abrupt power outages and jumpy electric surges.

You wouldn’t want your equipment to wear out and get severely damaged because of sudden energy influx. Surge protectors do the job because it can shield your equipment from damage that can result from sudden voltage shifts that may occur when power is both lost and restored. A good measure to do is to turn off and disconnect any equipment and appliance as soon as the outage occurs.

As for your company data, it is important to have power supply for your own IT network and local servers, but in case a power outage happens, you need to store your data in the cloud so you can access the data that you need remotely, as opposed to having all your data in one place. The worst thing to happen is to have your servers damaged by the power outage and you end up losing everything.

Equip your employees

Your backup plan is only as good as the preparedness of your employees. Make sure they are properly equipped with your company guidelines in case of the power outage by creating engaging plans and drill ahead. Include these in your onboarding processes as well. Everyone should be familiar with your building’s floor plan so they immediately access emergency exits from their location.

Have training for staff for emergencies such as accessing emergency equipment, disconnect devices, manually operating secured doors, and etc. Designate leaders for the evacuation in the event of an outage.

Emergency kits are also important in the event that natural disasters are the cause of the outage that may prohibit people from leaving the building right away. Flashlights and first aid supplies are a great starting point, and it’s wise to have bottled water and non-perishable goods on hand. Batteries, extra batteries and charged cell phones should also be in your kit.

Conclusion

Now that many companies are going back to offices a year after the world was hit by the pandemic, the threat of power outages is a concern in a business owner’s mind. Avoid the critical impact of power outages to your business by preparing an efficient plan, securing your company data and equipment, and prepping your employees with the right mindset.

5 Best Online Casinos for US Players Compared

Gambling

When we talk about US online casinos, comparing the best of them is not the same as comparing casinos available to players in Europe, Canada, Africa, or New Zealand. Online casinos in these regions can serve multiple regions on the same platform via multiple licenses. However, in the USA, casino platforms are separated by state and can only operate within the state that the platform holds a license to operate.

888 Casino Europe Example: 888 Casino in Europe uses the same platform to cover several regions such as New Zealand, South Africa, Canada, Ireland, Sweden, Spain, and the UK via an MGA license, UK Gambling Commission license, Swedish Gaming Authority, and DGOJ (Spain) licenses. The brand can use the same platform for all countries via multiple companies holding these licenses.

888 Casino USA Example: 888 Casino operates in New Jersey. For the brand to spread its wings into Michigan or Pennsylvania, it would need to open a separate 888 Casino platform for each state. So while Europe can run a multi-licensed single platform, US casinos must run individual platforms for each state.

This set up makes it difficult to point out the best online casinos for US players because we could mention 888 Casino, which is not helpful to players in Michigan or Pennsylvania. That said, you can easily filter through the top brands and review websites. Check out the best online casinos for US players ranked by experts here or continue reading this guide so you have an idea of how you can spot the best online casino for you as a US player. 

The Brands Operating Online Casinos in All 6 States

Just so you are aware, right now online casinos, otherwise known as iGaming, are legally available in just 6 states in the USA.

  • New Jersey
  • Delaware
  • Pennsylvania
  • West Virginia
  • Michigan
  • Connecticut

Now, in some of these states, you will find the same brand name operating in all 6. Now we can discount Connecticut for the time being because the licensing framework is still yet to be put in place. The best way to judge the brands is by which states they are most found.

  1. BetMGM Casinos: Perhaps we can say that BetMGM is the biggest brand in the US because you will find it casinos in every state iGaming is legal. That is Michigan, New Jersey, West Virginia, Delaware and Pennsylvania. The casino has live casino games from Evolution, tons of slots, and there is a sportsbook too. BetMGM also dabbles in online poker, so as a member you get this vertical too. 
  • Video Slots + Virtual Tables
  • Live Dealer Casino Games
  • Sports Betting
  • Multi-Player Online Poker 
  1. FanDuel Casinos: Also found in many of the states with legal online gambling. Its casinos operate in Michigan, Pennsylvania, and West Virginia, while its online sports book operates across most of the 15+ US states in which online sports betting is legal. The company is well-known across the US, it is a highly trustworthy brand, and as such makes it one of the top places to play online casino games too. 
  • Video Slots + Virtual Tables
  •  Live Dealer Casino Games
  • Sports Betting
  1. DraftKings Casinos: Available in Michigan, New Jersey, and West Virginia, DraftKings operates a platform much like BetMGM. Plenty of video slots and virtual table games, and in states with live dealer studios such as Michigan, New Jersey, and Pennsylvania, players get to play live blackjack, poker, baccarat, roulette, and game shows being introduced to the US markets. For those that like to dabble in poker, DraftKings is also a great option.
  • Video Slots + Virtual Tables
  • Live Dealer Casino Games
  • Sports Betting
  • Multiplayer Online Poker
  1. Caesars Casinos: It’s that big name casino brand that has been in the news regularly recently; mainly due to its shrewd business investments. William Hill buyout, then the sale off the William Hill Europe and then Caesars Entertainment, offloading of its overseas land-based operations. The brand is focusing on the US market these days and currently operates Caesars online casinos in Michigan, New Jersey, and Pennsylvania while its William Casinos operate in Michigan. There are also numerous Caesars and William Hill sports books across the US.
  • Video Slots + Virtual Tables
  • Live Dealer Casino Games
  • Sports Betting
  1. 888 Casino: We chose 888 because of its global brand reputation and its potential to grow. It is only available in New Jersey as a casino, and you can play 888 casino game via Harrah’s casinos licensed in Pennsylvania for online casino play and poker, while you can also play 888 Poker in Nevada, home to Las Vegas gambling culture, where online casinos are not yet legal. 888 Holdings itself is floated on the London Stock Exchange, has plenty of financial backing, and is a well-respected brand in the iGaming arena. 

Rounding Up Our Top 5

Everyone has a different opinion on their top 5. Here we have chosen some of the more well-known US online casinos. Conversely, someone else may prefer to play at an exclusive online casino not available in other states, or with a brand name associated with more all-round poker and casino play like PokerStars. You may also want to consider welcome bonus offers as part of your decision too. One thing is for sure, the way the licensing is set up in each state, you will get a fair deal wherever you play.

How Copy Trading Works in Forex

Copy Trading

Copy trading is a buzzword in the financial markets. Many young investors are interested in copy trading, but they do not entirely understand how it works and how it differs from social trading. In this article, we will discuss copy trading, its risks and benefits, and the best platforms for copy trading. 

3 Best Copytrading Services 

Justforex

The rising start of a copy trading market, Justforex, was launched just a couple of years ago, but it has already won the top positions in the rates. Justforex offers a number of financial assets, including crypto, numerous account types, simple and fast withdrawal, and a dozen of payment methods. The only disadvantage of this platform is that US citizens are not approved to use it. 

Pros 

  • Different account types including demo account
  • Account opening via mobile apps
  • Low speads

Contras

  • Non-available for US citizens 
  • Fresh broker

Toro

One of the first copy trading platforms, eToro won the hearts of many traders. Its simple and user-friendly interface does not require much time to learn. The platform offers Forex trading and Commodities, Indices, Stocks, and other financial assets. eToro claims the number of its users exceeds 1,200 thousand users. It is the most regulated broker on the market. Despite this fact, the company is not listed on the stock exchange and it does not publish its reports. 

Pros

  • Easy account opening 
  • Best social trading broker 2021 
  • Commission-free stock trading

Contas

  • High forex and CFD fees 
  • Slow customer support
  • Only one currency for account 

FTXM

Another popular service is widely spread in Africa and Asia. It positions itself as single-point access to all your trading services and attracts its audience with a low minimal amount. It is a good and reliable service, but the product range is limited. One of the strongest sides of this service is multi language support that answers quickly and provides professional help.  

Pros

  • Excellent customer service 
  • Demo account
  • Live webinars 

Contras 

  • Inactivity fees 
  • High withdrawal fee
  • LImited product line 

What Is Copy Trading?

Let us start with social trading as an investment strategy. We all know the famous sayings “fake it until you make it” and “follow the best.” In trading, it means that a young investor follows experienced peers to understand their strategies and methods. Such behavior is expected in the framework of social education. In the rapidly changing environment, classical education is not effective anymore. That is why learning from the experts can be more helpful. 

So, social trading is learning from the experts on the forex market. However, the copier can choose various strategies of following the experts. First, the younger peer can copy the general strategy or some tricks of the experienced trader. Second, the copier just repeats the deals of other investors. The first option could be more effective, but it requires some time for analysis. So, the second option is less time-consuming and attractive for young investors. 

How Does Copy Trading Work?

First, the copier should choose the platform for copy trading. We will discuss several popular social trading services below to make your choice easier. Many platforms provide top traders’ lists, historical returns (past performance index), and personal risks score. 

So, the second step of a young trader is to choose a top trader to follow. The choice requires some analysis and investigation. When the top trader is chosen, the young investor should set up the trading terminal to copy the real-time forex signal from another live investor. 

Then the copier starts to mimic the trading deals. The software blindly repeats every deal: if a top trader sells, it sells also, and if the leader buys, the follower buys, too. It sounds good and safe, but there are some related risks. So, the copying trader should monitor the account to avoid a sudden money loss. 

Is Copy Trading Legal?

The question about the legality of copy trading should be split into two parts. The first part – is trading legal? Yes, forex trading is legal, but unfortunately, this industry is a pirate bay for scammers. So, starting the discussion about legality, we’d recommend checking a broker: find some user reviews, check the registration, and so on.  

Then we move to the legality of copy trading. The answer depends on your location and citizenship. For example, it is legal in the US, but the requirements and limitations are stricter than in other countries. In the UK, for example, copy trading is classified as portfolio management services, with the corresponding regulations.

In brief, copy trading is legal but keep in mind local restrictions and the reputation of your broker. 

Most Suitable Markets for Copy Trading

In general, all financial markets are suitable for copy trading. If we go back in time, we will find the copiers that made a fortune following the leading traders at the stock market. The stock market is suitable for copy trading nowadays, too. The copying is especially helpful if the leading trader can have some market insights and make good deals short before market fluctuations. 

A forex market is a perfect place for copy trading. You can copy trade with currency pairs if you want to practice your trading skills, but you are short of time. The advantage of the Forex market is that the periods of high volatility always follow relatively calm periods. 

Also, you can copy trade with future contracts, indices, and commodities, if you prefer this type of financial asset. The crypto market’s copy trading is questionable: the crypto market is even more unstable than the Forex market, and the risk is also higher. So we’d avoid recommending copy trading on the crypto market, at least at present conditions. 

Copy Trading – How to Start

First, select a leading trader to follow. Collect all the available information about your short-list candidates: the number of followers, the return of investments, the number of funds they manage, the best and the worst deals, and so on. The more you know, the better trader you will choose. 

Second, define your investment amount and deposit it on your account on your favorite copy trading service. You can invest all your money into a single trader, but common sense advises not to keep all eggs in one basket. So, you can also split your deposit and allocate a certain amount to each trader you want to copy. 

Third, monitor the automatic copy trading. You will see how the platform replicates the orders in your account. Remember, you can stop it anytime. Please also remember that you should pay some brokerage fees, as you would pay for normal trading. 

Fourth, analyze the traders’ performance and make the next steps. If you like the results, add more funds for better profit. If the performance is poor and the deposit has diminished or gone, do not replenish this amount. 

Copy Trading Risks

Of course, copy trading has some risks. Some of them are typical for the forex market as well as for financial markets in general. Making speculative profits with financial assets is a high-risk and high-reward business. So, never invest in Forex your money you cannot afford to lose. 

Market risk

There is no stability in the financial market. The global economy rises and falls, and each fall means the negative trends on the market, up to the total collapse. So, even you follow the most experienced traders who perform perfectly; there is always a risk of losing everything for them and you. 

Trader personality 

Unfortunately, some leading traders pretend to be more successful than they really are. You can choose the wrong trader to copy, but you will not understand this till you see the actual results. So, we repeat our recommendation to distribute your deposit between several traders. 

Liquidity risks 

On a volatile market, sometimes the traders can face liquidity issues. It means there is no buyer for the chosen financial asset, and a trader cannot sell it. 

However, every copier should remember that the high-risk level is fertile soil for high rewards. 

Copy Trading Benefits 

Without any doubt, copy trading has numerous benefits; otherwise, it would not become so popular. 

Easy Start 

Many new investors dream about forex trading, but they feel unconfident and inexperienced to start. Starting as a copy trader could be easier than an independent trader career.  

Accessibility

There are no limits to copy trading. Your age, gender, occupation, and other factors do not matter – you can access copy trading. 

Fast Learning

Practical experience is always a good way to get a new skill. Trading with experienced peers, knowledge sharing, and information exchange will make your path in trading easier.

Diversification

You can diversify your investments within the single copy trading platform. Moreover, you can diversify your investment strategy by combining copy trading with other investing activities.

Free time

You should monitor your account when copy trading, but it takes less time than normal trading. So you have more time for your family or other activities. 

Final Words 

A financial market is a field for people who want to invest their money and get some profit. Successful forex trading is a mix of special skills and some art. Not many traders can perform effectively and show positive results for a long time. 

If you do not feel you are skilled and talented enough for normal trading, try copy trading. You can automatically repeat the deals of the more experienced peer. There are many special platforms, including Justforex, and you can start your career in Forex easily and quickly.

New World Economy in Crisis Following Duping Glitch 

New-World

When Amazon’s large open-world online multiplayer RPG New World was released in 2021 on September 28th, it quickly became known as the most glitchy new game on the market. Players are tasked with forging a colony on a fictitious piece of land modelled like the Americas, working together to construct a viable new country in the middle of the seventh century. 

Even while bugs are common in new gaming releases, the fact that New World, that you can get from Gamecamp, has a buy-to-play business model has enraged gamers. 

So What Went Wrong?

Over the weekend New World users noticed a bug in Amazon Games’ freshly released MMO, and not for the first time. This one allows players to duplicate furniture among many other stuff, however the duping of trophies (furniture that enhances you in the world, uncommon and pricey) is what’s had some people incredibly hot under the collar. 

Players used this bug to replicate a particularly costly item and sell it for New World Coins. Community Manager Tosch informed players on Monday that the bug had been fixed. Tosch’s comment was that they are “disabling player-to-player trade, guild treasury transfers, and player-to-player currency exchanges until we investigate. It is expected that any player who has used this vulnerability will be penalized.” 

In the realm of online games, duplication errors are nothing new, and these things happen often when new games confront hundreds of gamers searching for security flaws. However, less than two months after the game’s release, this is already a frequent issue. A gold duplication problem was one of a handful of significant bugs that were afflicting the game at the time of Luxendra’s announcement on Nov. 1. 

Exploiters Hit with Bans

Amazon also halted wealth transfers at this moment, until resuming them the next day. In an effort to “create New World a fair gaming environment for our users,” Amazon said on November 3 that it has blacklisted 1,000 cheaters in a single day. Even if economic transfers have been disabled, New World is still playable, but the decision has had certain unique consequences for other in-game systems. 

There have been reports from some players that the outage has stopped them from paying the virtual taxes on their in-game towns, resulting in unavoidable downgrades. When the game was shut down for the second time, several players expressed their desire for compensation. Others are beginning to lose hope for the game’s long-term viability due to the recurrent issues. 

Amazon Shut Down New World Economy

Items may be duplicated in New World’s newest game-breaking bug. As soon as worried players began commenting on Amazon’s official forums, Amazon shut down the MMO’s whole economy (again). There is currently no way for players in the New World to transfer money, trade with other players, or visit the trading post.  Players in the New World were quick to take advantage of the issue. 

This has a particularly negative impact on the trophy economy (items that provide a player’s home passive rewards when they are put there). To the disappointment of those who invested in trophies without cheating, they were sold at a discount. Trophies that were once estimated to be worth $40,000 are now being offered for sale on the open market for less than $ten thousand. Developers are aware of a duplicate exploit, according to New World’s community manager. The team is now investigating. 

How Does this Affect the New World’s Future?

For the time being, all means of wealth transfer would be blocked. Players who take advantage of the flaw would be “actioned against,” although they didn’t elaborate. On the official boards, players are having a typical discussion. Some players have declared that they want to quit the game, while others have expressed their disappointment with the game’s lost potential. If anyone can overcome this grave issue it’s Amazon, I hope developers retain the control because I can’t wait to buy a New World account and experience the next-gen MMO!

There were some players who found this duplicate trick disturbing since they had spent weeks working on in-game achievements that explorers had achieved in much less time. This isn’t the first time that Amazon Game Studios had to reset the entire New World economy over an exploit. 

Players noticed earlier this month that they could copy gold by putting a certain piece of HTML code into the chat box. Their community staff then shut down the economy and vowed to penalize any players who were exploiting the game’s economy. A second wave of cheaters has not yet been deterred from taking advantage of the MMO’s already notoriously vulnerable economy, despite the warnings made.

Giving Cryptocurrency as a Gift for Loved Ones: Seriously? 

Bitcoin-gift

We all love receiving gifts on birthdays, holidays, anniversaries, and other special occasions. But as the famous maxim goes, there’s a different kind of feeling when you’re the one giving. If this holds true for you, then here’s a great idea: you can now give cryptocurrency as a gift to the one you dearly love. Head on to some of the popular crypto trading sites with expert help such as Coinbase and Bitcoin Evolution.

This is good news among crypto holders as they don’t have to look anywhere else to make someone feel loved and appreciated. They could simply credit or transfer their virtual money to another, and, voila, it makes the whole celebration a lot easier and more meaningful. 

Once the recipient gets a certain amount of crypto as a gift, they can use this to shop for items online. The asset may also be used to start crypto trading if that’s what they wish to do. There are plenty of choices that anyone can make out of crypto gifts. 

No more extra expenses on gift wraps, just little fees in money transfer transactions. While this is just beginning to become a trend nowadays, many people are now doing it on one or more occasions. The blockchain technology that operates crypto networks offers broad possibilities, and allowing virtual currency as a form of gift is a life-changing development.

Common Ways to Give Crypto as a Gift 

There’s now an increasing number of e-commerce companies that accept cryptocurrencies as a method of payment. This allows consumers to shop and pay bills using virtual currencies or digital assets. In the near future, gift-giving cryptos might become a trend in many societies. Here are some of the common ways that you can give cryptos as a gift to your loved ones. 

  • Gift Cards 

Various websites are now selling cryptocurrency as gift cards. If you prefer this option, you can look for a reliable company that offers advantages to their customers. A provider with good consumer reviews and allows secure and convenient transactions is usually preferable. The process would normally include paying a certain amount of gift cards, and you’ll be given a corresponding product. The recipient can redeem the gift by going to the same company and entering the details displayed on the card. 

  • Crypto Exchanges 

Another way to give cryptocurrency as a gift is through an exchange. But before you can make use of this choice, you’ll first need to choose a specific platform, register an account, and decide on a payment method. When you’re already part of it, the digital assets that you bought and hold can then be sent to the recipient’s wallet address. It’s that simple, but choosing an ideal exchange that suits your needs is important. You might be able to earn some practical advantages with the right choice in the market. 

Choosing the Best Cryptocurrency as a Gift

Over 6,000 cryptocurrencies are now circulating in the market, which makes choosing one more challenging than ever. It helps to consider what experts think about the matter if you’re clueless or confused. As general advice, it is ideal to opt for the mainstream choice that has an established reputation, like Bitcoin, Ripple, or Ethereum. These cryptos may be more expensive than other variations, but they are nonetheless more popular and stable. 

Likewise, you have to bear in mind that cryptocurrencies are high-risk investments. It is only crucial to review your options before buying one. When you do some research, you’ll be able to evaluate your prospects accordingly. You can check the white paper that contains all the essential information that you need to know about crypto projects. But if there’s a more valid basis, it’s probably the preference of the recipient of your gift. Try to know what the person wants to fulfill their wishes. 

Are there Taxes Associated with Crypto Gifts? 

Giving cryptocurrency as a gift to recipients is not usually a taxable transaction. The exception is when the transfer exceeds the gift tax allowance, in which case the Internal Revenue Service has to be notified when the asset is sold by the recipient who might earn capital gains or a capital loss. For instance, when the crypto gift is sold within one year at a profit, there is a short-term capital gain that will be taxed as an ordinary income. Beyond that period, however, it is considered as a long-term gain with lower tax rates. 

In calculating the size of the gain, the amount paid by the donor is used. That means if crypto was purchased for $200 and then sold five years later for $600, then the recipient of the gift will have to pay taxes on $400 profit. On the other hand, losses can be used as deductions on the inverter’s tax return. However, a capital loss is only accepted if the asset was sold less than what it was originally valued. The IRS may also take the lower of the two amounts when there are issues on tax deductions. 

How to Send Cryptocurrency to the Recipient

Generally, sending cryptos as gifts only requires pretty simple and easy steps. All you need to do is to log into your account, where you hold the virtual asset and then send a chosen amount to the recipient’s wallet address. Because QR codes are used in the process, you no longer have to worry about inputting the characters and bank account numbers. This eliminates the risk of making typo errors. The transaction can only take from seconds to a few minutes to complete. However, this may entail some transaction fees, which are imposed to cover the expenses in validating information on the blockchain. 

Final Thoughts! 

As technology is evolving in various industries, so too are consumer preferences. With the crypto market now allowing users to give their assets as a gift, many people can now enjoy quicker and more convenient transactions. Before going through the process, however, make sure that you understand the procedures and other information that entails some fees. This experience might prove advantageous to both the givers and recipients. You’ll know when you give it a try. 

The Best Tools To Help You Better Onboard New Employees

Every organization wants to get its new hires settled in as quickly and as better as possible. This requires new hires to quickly become familiar with the peers in the company and the responsibilities assigned to them. Getting a workable onboarding process for different departments is highly valuable to this process. 

So what does the term onboarding mean? Onboarding is a Human Resource (HR) term that refers to the phases of introducing a new employee into a company and its values. As soon as the new hire accepts the job offer in writing, the following onboarding phases begin: 

  • Hiring procedures
  • Orientation to the company’s facility layout and personnel 
  • Introduction to colleagues. 
  • Training for the specific role
  • Handover process from a form outgoing colleague or department
  • Provision of tools and equipment they need to fulfill their roles
  • Access levels to software, programs, selected departments, and so on.

The above phases show that onboarding a new hire includes the HR team, the IT team, the finance team, and the departmental team or coordinator. Thus, which are the tools that ease the onboarding of new employees? 

Consider a few: 

Onboarding Software for Human Resources

GoCo onboarding software 

This software does not change the way you work or your collaborators. GoCo is an all-in-one platform used by HR teams. Its easy-to-use features support HR and IT teams to customize the software features according to their existing onboarding procedures, strategies, and partnerships. GoCo onboarding software suits the remote work environment because it caters to online processes.

Onboarding Software for Training

The new norm of having remote and hybrid workers makes it necessary for organizations to find ways for online pieces of training. As a business entrepreneur, you can use cloud communication software tools for real-time training. However, other online products allow you to build lessons that your new hire can easily complete. 

Lessonly training software 

Lessonly makes it possible for its clients to create specific e-lessons for different departmental teams. An organization trainer can customize the training to include images, text, documents, quizzes, training videos, and more.

MentorCliQ 

MentorCliq is a mentoring software that enables a new hire to have a 1-1 mentor on job-specific tasks. The mentor and mentee connect through any communication and conferencing platform. These platforms provide a unique virtual mentoring for onboarding new hires.

Onboarding Tool for Project Management

With the ever-growing remote teams, you want to keep your finger on the ongoing progress of each project. Cloud-based project management tools such as Basecamp support you in monitoring your team and projects. Basecamp enables you to store and share files in an organized folder. It also allows you to assign tasks to your existing team and new hires, making their onboarding experience easier. 

Onboarding Tool for Project Communication

For any organizational process, communication is the key element for success. Onboarding a new member requires information on tasks, documents, who they will collaborate with to complete tasks, and what they need to complete before set deadlines. Microsoft Teams enables teams to cooperate in workspaces in real-time communication, work assignments, and application sharing. New workers can ask questions, work collaboratively with their team members, and quickly assimilate into their new work environment.

Conclusion

Employee Relation

Onboarding tools help to guide and streamline the process for inducting a new employee into a company. These tools assist the new hire to settle into their position and begin producing work as soon as possible to meet the company deadlines. The selection of onboarding tools lies with the company’s decision-makers. The business’ departments analyze what they need in terms of cloud-based software solutions that can help them streamline the process for onboarding remote and office workers. 

When Should You Hit at Blackjack?

Blackjack

One of the reasons that blackjack has remained such a massively popular card game for so long is its simplicity. Anyone can get to grips with the rules and start playing.

The most important aspect of blackjack for any player to understand is when to hit and when to stand, so what are the different situations to take into account?

An Overall Look at Blackjack Strategy

Basic blackjack strategy is the term used to describe how you decide when to hit or stand, depending upon the cards that have been dealt. This information might sound quite complex, but you can quickly get up to speed by looking at the charts that break it all down for you.

By carrying out basic strategy, you aren’t guaranteeing that you will win every time you play. But you will be making sure that you are giving yourself the best possible chance of success. The RTP figure listed for blackjack games is based on players using this sort of strategy.

Remember that you want to get as close as possible to 21 without going over it, but the real key is in beating the dealer. Even a modest hand can be a winner if the dealer goes bust or has to stand on a lower total than yours.

The Toughest Hands to Play

It is clear that you don’t want to hit on a hand like 19 or 20. You have a good chance of winning with this sort of total, while asking for another card increases your risk of going bust. Therefore, standing is a smart move according to the mathematical aspect of blackjack.

At the opposite end of the scale, you won’t have too much trouble total deciding to hit on a low total where another card won’t see you go bust. If you have something 4, 5 or 6 in your hand the only decent thing to do is ask for another card.

This leaves us those tricky hands in the middle, where you run the risk of going bust but feel that the total is probably too low to win with. This covers the range of numbers from about 12 to 17, and this is the sort of hand where most inexperienced players struggle to make the right decisions.

The first thing you need to do is look to see if you have an ace in your hand. It’s great news if you do, as this card counts as either 1 or 11, making it a lot more difficult for your hand to go bust. Hands with aces in them that can be counted as 11 without going over 21 are called soft hands.

Therefore, you can be more aggressive and hit with a soft hand than with a hard hand that has no ace in it. This is most clearly seen on hands like 15 and 16, where having an ace lets you ask for another card with confidence.

Just in case you are looking for an online place to play, bovada.lv offers live blackjack if you want to try these strategies.

Another area that players often fail to take into account is the dealer’s face-up card. If they have a strong card like an ace or one with a value of 10 then their chances of getting blackjack is higher. This means that you are best being more aggressive and hitting rather than settling for a low total.

Advanced Strategies

All of the advice we have looked at so far is contained in the basic blackjack strategies that you can find online. A quick glance at a strategy chart lets you see what you should do in each situation, which makes playing this game so much easier.

However, there are also some more advanced strategies that you can use to increase your prospects of a win. These are called splitting and doubling down, which give you useful alternatives to hitting in certain circumstances.

Splitting is carried out when you have two cards of the same value and create a couple of separate hands with them. The best example of how this can work is with a 16 made up of a pair of 8s. This is a difficult hand to win with, but 2 hands that each have an 8 in them is a lot more promising.

If you have 2 aces then this isn’t as good a hand as it initially appears, as it adds up to either 12 or 2. Yet, if you split them out this gives you a couple of chances at getting blackjack by then receiving a card worth 10.

Doubling down is a tactic you can use to double your bet, but you then only get a single card to add to your hand. This is something you will do when you have a good total, and preferably if you have an ace in your hand.

By using these strategies, you will make the right decision on when to hit more often, which will improve your chances of winning money overall.

Small Business Invoicing: 5 Tips to Save Time With Your Invoicing

Invoicing

What is the value of your outstanding invoices? For US small businesses, the average owed is $84,000. This adds up to about $825 billion in unpaid invoices for American small businesses.

This is a staggering amount of money to leave on the table for a small business. If you have too many outstanding invoices, the problem may not be with your clients. It could be with your small business invoicing.

Try implementing these five tips to improve and save time with your business invoicing.

1. Automate

The easiest method for speeding up the invoicing process is to stop manually doing everything. Start using software to automate the invoicing process. Look for an invoice management system that can handle the entire process from start to finish.

An invoice generator with business invoice templates will streamline the invoice creation process. This could include an in-progress or project completion invoice. You can also schedule reoccurring invoices to automatically go out on a particular date for clients with whom you have an ongoing relationship.

Some systems can also send out invoice reminders for unpaid invoices and accept payments. Having reminders go out automatically reduces the manual oversight required while also increasing monthly cash flow and reducing outstanding invoices.

2. Enlist Help

As the business owner, it’s tempting to think you should handle all of the invoicing. However, as your business grows, this becomes impossible. Hire someone with invoicing experience.

This streamlines the process because it takes the task off of your plate. It also becomes optimized when you empower your employee to utilize their knowledge of how to write invoices to improve your systems.

3. Don’t Wait

Prepare a business invoice as soon as you complete a job. Don’t wait to send the invoice because this only delays the entire process. The sooner you send the invoice, the sooner your client will make payment.

Integrate your invoicing software with the rest of your business systems. This ensures you know as soon as possible when you can invoice.

4. Go Electronic

The most common business invoicing advice is to make paying your invoice as easy as possible. The easier it is, the sooner and more likely your client will pay it. Email is the fastest delivery method.

Many invoice management systems will include a “pay now” button in the email. Once clicked, the payee can enter their credit card or bank account information. Thus, the client pays the invoice right away, and there’s no risk of the invoice getting lost before they have a chance to pay it.

5. Use Templates

Using templates can streamline the invoicing process by having ready-made forms that you simply fill out. All of your templates should have your business information and branding already included.

Then you can make templates for each client. If you have common products or services, you can have them programmed with their prices. Then it’s a simple matter of saving a new invoice and inserting preprogrammed information.

Improve Your Small Business Invoicing

By implementing these five tips, you can improve your small business invoicing. Focus on finding a management system that can automate the process with templates and scheduling. Then enlist help with skilled employees to take the load off.

Check out our other articles for more helpful business advice when managing your finances.

Outcomes from China’s 6th Plenum – Buyer Beware?

China

By Andre Wheeler

Much of the commentary around China’s 6th Plenum outcomes has seen Xi Jinping elevated to supreme leader for life, elevating him to a position in the history of China that is comparable to Mao and Deng. His leadership and vision are glorified as is “given” supreme authority to guide China to greatness in the new Asian Century. This narrative has been accepted by several governments and organisations, such as the EU, with a rapid realignment of the seven-member group the EU’s special committee on foreign interference mission to Taipei.

Has all this hype not just a smokescreen to hide what is happening in the geo-political background in China? Has Xi Jinping become a divisive figure within the Party noting that being a divisive figure is not new to Party machinations? There is an element of truth and certainty as the Party is a master at using deflection and obfuscation to mask issues within its ranks.

Where does this claim of a convenient smokescreen come from? It starts with the official communique. The joint statement has several key indicators that all is not as unified as the propaganda machine wants the broader public to belief. Identifying these indicators and background moves suggests that business needs to tread a very careful path, adopting a cautious “Buyer Beware” stance when engaging with China in 2022.

If Xi Jinping had been elevated to “Leader for Life” why did the communique not, simply say that. Rather it is at pains to say that Xi Jinping has won approval to have his leadership extended. Whilst extoling the positive benefits that he has brought to China, such as significantly reducing poverty, embedded in the document are indicative nuances that his position was achieved through compromise. To understand these nuances, business needs to be aware of the emerging tensions between key factions within the Party, particularly the Shanghai faction led by Jiang Zemin. This came to a head on October 2, with Xi Jinping admitting in a press briefing, that there is indeed a power struggle. The briefing went on to clearly identify that the “disruptor” was the Shanghai faction led by Jiang.

There is a significant shift in tone between October 2nd and the official communique coming out of the 6th Plenum. The language has changed, with the communique devoting a lengthy paragraph talking of the two Shanghai factions’ leaders’ contribution to the policy history and direction of the Party. Noteworthy is the apparent concession that the Party has followed Jiang and Hu strategies of injecting state funding into infrastructure and real estate to improve GDP numbers. The paragraph goes onto to praise them for assisting in implementing Deng’s economic policy of opening China to the international community. This is in stark contrast to them being as being a poisonous influence on the Party on October 2nd as well as confrontation between Zhang Gaoli and Xi Jinping on the eve of the Plenum. More detail can be found in the discussion around the Peng Shuai sexual harassment claims later in the piece.

Prior to the 6th Plenum there was a push to rewrite China and the Party’s history that would effectively write Deng’s contributions out of Chinese history. By way of example, Xi Jinping spoke of Mao being misguided with regards the Cultural Revolution as opposed to the 1978 Declaration under Deng that the Cultural Revolution was a disaster, and that truth needs to remain.  Prior to the meeting, Xi Jinping was said to be changing the narrative around Mao, challenging Deng’s pronouncements that the Cultural revolution was a disaster and replacing it with the softer narrative that Mao had merely misdirected the application of socialism.

Running in tandem was the narrative that Deng’s policy based on “trickle-down economics” was a mistake as well as revising historical texts that removed references to the dangers of one – man rule.  All of these would effectively write Deng out of China’s history.

There are several reasons why Xi Jinping wanted Deng’s influence curtailed, particularly the internal Party disquiet around claims in the Resolution that Xi Jinping had improved the country’s governance systems. Not only are Xi Jinping’s actions ignoring Deng’s dictum of “taking a low profile and never taking the lead”, but there is also a growing dissatisfaction within the politburo that China has returned to Mao style governance. The creation of a one voice chamber – one man, Xi Jinping, making all the decisions. This policy detour is understandable when you consider that he socialized within such a system, with his political precepts grounded in Leninist power politics, hence moving away from the Party’s ban on cult personality cultivation.

Dissatisfaction is such that Xi has a new nickname, “Chairman of Everything”. He is accused of not allowing broad politburo and Party consultation with fellow leaders before making key decisions. It is said that Xi Jinping has sought to re-centralize power away from Politburo consensus to decisions made by a paramount leader. Party factions are worried that world history is now on new tracks under Xi Jinping and its destination more uncertain. Examples of this trend include the side lining of Jack Ma and preventing Ant Corporation from listing. Included in this politburo realignment is the current crackdown on technology companies and associated data exchange protections.

There is understandable tension between Xi Jinping and Deng’s legacy, particularly as there is a history of conflict between the two families dating back to the clash between Xi Jinping’s father and Deng’s. This clash resulted in Xi’s father being sidelined politically, essentially ending his career in obscurity. Xi Jinping was not going to make the mistakes of his father who had failed to galvanize political support, challenging Deng individually and without a clear strategy.

Given this context, the official 6th Plenum Communique appears to have been drafted to placate the growing support for the Deng faction, led by Deng’s son. This explains why the communique reversed Xi Jinping’s wish to soften criticism of Mao and confirmed Mao’s Cultural revolution as a disaster.

Further evidence of Xi Jinping trying to placate internal dissent is his post plenum references to being a “servant of the people “and “happy to be a nobody”. This is taken as a direct attempt by him to be seen to be adhering to the Deng policy framework that a leader should show humility.

This “humility “highlights the inflection point reached within the CCP and to redress the claims made through nickname of being “Chairman of Everything”. Either Xi Jinping is using this to deflect his critics so that he can hold onto power for a longer period, or he is preparing the groundwork for a soft handover of power as seen with Hua Guofeng.

Whilst there appears to consensus that the Party is using the Beijing Olympics as cover for these internal rifts, there are two issues that may well undo these plans. Both will have a direct impact on international business within China.

The first of these is the international debate around the “disappearance” of tennis player Peng Shuai. There is still controversy as to the timing of her claims of sexual harassment against Zang, but what is emerging is that Zang is an important influencer over both the Shanghai Faction as well as Xi Jinping.

Zhang is not just a protégé of Jiang Zemin and Zeng Qinghong. He is linked to leading business figures, including Hong Kong tycoon Li Ka-shing. His daughter married the son of Lee Yin Yee, a wealthy Hong Kong businessman, closely connected to state land deals with groups including Evergrande and Fantasia. These are among China’s most heavily indebted property groups, both headquartered in Shenzhen, and now battling for survive. Whilst Zhang is not considered a rival to Xi, his broader network of relationships might now prove pivotal to his Xi’s future, particularly his loyalty to Jiang Zemin.

It has been suggested by some that Peng was promised protection from persecution when raising Zhang’s sexual impropriety, as the timing was to remove a “deal maker” for Xi, thus weaking his grip on power. Many have raised the question of why Zhang did not fall foul of Xi’s corruption crackdown, and why it was Peng that felt the consequences.

There is also the interesting narrative surrounding the Peng Shuai incident. Professor Yuan Hongbing in a recent interview with Vision Secret China has claimed that there was a fierce power struggle in play prior to the 6th Plenum. In particular, Zang Gaoli (the accused) was said to have stood up to Xi’s attempts to openly criticize Jiang Zemin’s time and policies to establish his new era of authority within the CCP. Xi is said to use the Peng Shuai affair as a warning and a means to silence Zang. What Xi failed to understand that this strategy essentially aimed at the domestic audience, would gain international attention. An important consequence of this incident has seen the CCP Police Head, Zhao Kezhi, being removed from his position. His mishandling of the “warning messages” meant that Xi and his supporters have been caught short.  They have not been able to contain the fallout outside of China. With threats of a form of boycott against the Beijing Olympics, the truce between the warring factions based on a post-Olympic timeline, may well erupt into an all-out purging of the Party.

However, the bigger issue in terms of business and China is Taiwan. The issue goes to the heart of the One China Policy and the precept that the CCP represents all Chinese people. Not only has the policy failed to “reunite” Taiwan, but it has also moved the accepted “strategic ambiguity” narrative around Taiwan to direct interference and interaction. To harness rising domestic Nationalism, Xi and the CCP has become strident in their attacks on anyone seen to be supportive of an independent Taiwan. These threats are now being commercially weaponised, with the current attacks being particularly focussed on bringing Taiwan’s economy to its knees. Business needs to be aware that if they are seen to be supporting the Taiwan President, Tsai Ing-Wen and the DPP in any way, shape or form, there will be direct punitive economic and commercial sanctions by the CCP. This could include increased tariffs or simply denied access to the wider China market. Many corporates should be assessing all their Taiwan business and develop potential contingencies to cope with any potential fallout.

At a Geo-Political level, members of the CPTTP need to assess China’s behaviour around Taiwan and whether it is consistent with the international rule of law. Based on observations and comments from member countries to the CPTTP, China’s current behaviour does not warrant them gaining acceptance. This could be a significant catalyst to leadership change in the CCP.

Initially using the Olympic games in 2022 as a watershed moment for Xi Jinping to change his current trajectory or step aside, this may all happen earlier than expected. Whilst it is difficult to predict the magnitude and kind of changes that will happen, it can be said that 2020 will be a turbulent year for China. Business needs to prepare itself for this and have scenario based contingency plans in place to navigate these turbulent waters.

About the Author

Andre wheelerAndre Wheeler is the CEO of Asia Pacific Connex with more than 20 years’ experience in international business, with a diverse network throughout the USA, Asia, SE Asia , Africa and the United Kingdom. Holding a B. Science (Hons) degree and an MBA, he is currently working towards his Doctorate on the Impact of the China One Belt One Road initiative. Andre has expertise in oil/gas, construction, marine services and mining.

Shipping and the Digital Integration Required by China’s Belt Road Initiative

Supply Chain and Logistics

By Andre Wheeler

Beijing’s Digital Silk Road initiative runs contrary to many data sharing platform projects around the world, something shipping will have to grapple with in the coming years. Andre Wheeler investigates.

There has been tremendous progress with regards smart port / shipping developments in recent times. What is heartening has been the progress with development of common data standards and the number of port ecosystems that have progressed data sharing platform and associated APIs that allow secure data transfer.

The architecture is increasingly in place, setting the standard for exchanging data. Further progress in this digital space comes out of the Port of Jeddah in Saudi Arabia. It has taken a significant step forward in data integration operating systems. Based on DP World’s terminal operating system and its operations and planning systems it has integrated these with the backend Navis N4 software platform. This optimisation of the operating systems will help DP World progress automation activities and real time location systems.

Whilst these developments are welcome, the issue that is not being directly addressed is how will this interface with China’s Belt Road (BRI) and Digital Silk Road (DSR). Have these developments taken account of the current megatrend coming out of China, namely the growing influence of China’s Digital Silk Road (DSR) on supply chain and trade. This important trend sees China creating a single digital platform that seamlessly integrates all trade along the BRI.

At first glance the DSR looks relatively benign as all global supply chain and logistics providers are working towards this seamless digital integration goal. There are significant and obvious benefits to this level of digital integration, particularly seamless data and information transfer between trading entities that would speed up trade across regional borders. Access to a central database reduces time and backlog constraints commonly found in the current manually driven documentation exchange such as Bill of Lading, Letters of Credit, and custom clearance. This trade Nirvana has still a long way to go.

The open system approach by the West to the digitisation and creation of smart trade and supply chains through data / systems integration, has progressed. Despite the building of data exchange networks, the slow implementation and agreement around data standards has been made problematic by the independent data silos found in this open digital network. Whilst the move from EDI data exchange to API exchanges focus on cyber security concerns through the incorporation of effective cyber security protocols, China is well ahead in its ambition to create a closed integrated and seamless ‘smart’ trade ecosystem that it controls from Beijing. Its closed data aggregation platform is the envy of others, but poses significant trade, transport and supply chain security questions for those seeking to diversify trade outside of China and its BRI.

This is fundamentally changing the way trade is conducted with China. The DSR platform is charged with co-ordinating and facilitating digital integration of all providers that conduct trade along the BRI regional ecosystem. In simple terms, it takes the discussion away from the idea of smart ports and/or cities and looks instead to creating a digital regional trade ecosystem. The DSR is a platform constructed along a single digital spine and skeleton, essentially owned, and controlled by the Chinese Communist Party. Key data is centrally stored, disseminated, and controlled by a state instrument in Beijing rather than in neutrally accessible data warehouses or cloud-based data storage.

This is disrupting current digital developments being undertaken by the maritime sector. This is especially important when one considers that the merge points of the Silk Road Economic Belt and the 21st Century Maritime Silk Road are largely ports. The core component of the strategy around these merge points is the development of physical infrastructure within a digital framework. Increasingly we see China’s applying pressure on all international trade to comply with and connect with its digital framework to trade with China.

Strategically, China is re-aligning trade such that it increasingly enforces participants to comply with China’s IT standards. The DSR is increasingly playing a central role in the development of a comprehensive package that includes policy dialogue, financial support, unimpeded trade, and people-to-people exchange. This ‘team China’ approach is to have all end user devices/services interfacing along a central/common digital infrastructure corridor that includes cloud-based platforms.

There are several indicators that China is becoming more robust in encouraging global shipping to dock into their platform. An example of this has been the introduction of the Data Security Law and Personal Information Protection Law that effectively shut western users access to AIS data based on national security. In some cases, shipping lost up to 90% AIS data access impacting on the visibility of vessels within China’s waters.

A further concern is China’s recent steps to replace US / Western technology with homegrown suppliers. Known as the Xinchuang whitelist it gives Beijing leverage to replace foreign tech firms in sensitive sectors. They have already forced Amazon Web Service and Microsoft to set up joint ventures to operate with China’s mainland. The Xinchuang committee is overseen by the Ministry of Industry and Information Technology and the China Electronics Standardization Association. This should raise red flags for the likes of the Port of Jeddah which relies on the US-based Navis OS.

Another concern is the Cybersecurity Administration of China draft rules for data transfer on October 29, 2021. Under the heading of ‘Outbound Data Transfer Security Assessment Measures’ it lists 18 articles of assessment. Article 4 of the measures would require all outward data transmission to undergo transfer security assessments. Article 16 goes further by allowing the state cybersecurity department to unilaterally “cancel” outward data transfer and sharing activities. Sadly, it does not specify what data constitutes a “risk to national security” and as such we could possibly find greater disruption that recently experienced when international shipping was denied access to China AIS data.

What is no longer in question is no longer if technology will be used in Chinese backed ports, but when will it be no longer possible for global maritime trade to operate outside of China’s DSR, this ceding control and ownership of data to Beijing. Huawei’s Smart Port solution focuses on four key areas: custom clearance, visualised collaborative command, convenient clearance systems and port management. Locked into the Logink data aggregation platform, it uses Big Data, AI, and cloud computing to offer an attractive proposition for busy ports.

This raises strategic questions, particularly as to how European shipping and technology companies can compete.

Is it possible for Application Programming Interface (API) and Electronic Data Interchange (EDI) standards that would allow differing operating data systems to securely communicate with China’s DSR? Can the recent Build Back Better infrastructure initiative recently introduced by the G7 offer a viable infrastructure / digital alternative to China’s BRI – how can this be leveraged?

What is becoming clear is that in the short to medium term, it is increasingly evident is that to trade with China will require incorporation into their DSR.

The article was first published on the Splash247 website. 

About the Author

Andre wheelerAndre Wheeler is the CEO of Asia Pacific Connex with more than 20 years’ experience in international business, with a diverse network throughout the USA, Asia, SE Asia , Africa and the United Kingdom. Holding a B. Science (Hons) degree and an MBA, he is currently working towards his Doctorate on the Impact of the China One Belt One Road initiative. Andre has expertise in oil/gas, construction, marine services and mining.

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