Youth Employability and Entrepreneurship

March 23, 2025

Portrait of young Black businesswoman enjoying work and collaborating on project in meeting with group of colleagues

The 2024 African Youth Survey showcased that most Africans have an entrepreneurial spirit and a clear vision for achieving their goals, but obstacles such as corruption and unemployment stand in their way. Chiedza Juru offers solutions and policy suggestions to help young Africans overcome these barriers to create strong futures for themselves and the continent that will be home to 42% of the world’s youth by 2030.  

The 2024 Africa Youth Survey revealed confidence among African youth about their future. Notably, 78% of youth have a clear vision for their life goals, with exceptionally high confidence in Chad, Rwanda, Kenya, and Zambia. This optimism extends to entrepreneurial ambitions, reflecting a generation eager to shape its destiny. However, challenges such as unemployment, corruption, and limited access to capital continue to impede progress.

The survey highlights the urgent issue of youth unemployment, with 73% of respondents struggling to find jobs. 40% also consider corruption to be a significant barrier to gainful employment. Meanwhile, 27% report inadequate government support, while 29% say there is a dearth of well-paying jobs.

These findings reveal a gap between African youth’s aspirations and their governments’ actions. While youth are eager to shape their futures, systemic obstacles hinder their progress. This calls for innovative solutions to bridge this gap and foster an environment where young people can thrive.

As the Founder and President of Annot Inc., I am dedicated to addressing these barriers through education, youth empowerment, and by leveraging the African diaspora’s support.

So, where do we begin? Enhancing access to capital is crucial for addressing youth unemployment. The World Economic Forum notes that Small and Medium Enterprises (SMEs) contribute about 50% of GDP in Sub-Saharan Africa and provide over 80% of the continent’s jobs.

Therefore, Youth entrepreneurship is critical to economic development, yet the survey indicates that 52% of youth view a lack of capital as the main barrier to starting a business. In fact, 45% of survey respondents said they would start a business if they had the funds.

This issue can be tackled by promoting venture capital led by Africans locally and in the diaspora. The Venture Capital Africa Report (March 2024) reveals a significant downturn in Africa’s venture capital ecosystem in 2023 due to a global decrease in startup funding. This shortfall forced many early-stage companies to cut back or close.

The exit of North American investors, accounting for half of the investment drop, underscores the cyclical nature of foreign investment in Africa. This highlights the urgent need for committed local investors who can support African entrepreneurs long-term. By investing in young entrepreneurs, Africans and the diaspora can spark job creation and economic growth.  

We harness the power of the African diaspora to drive meaningful change. Annot’s initiatives connect African youth with resources and mentorship from diaspora professionals, who offer financial support and valuable expertise. The diaspora plays a crucial role in fostering youth entrepreneurship on the continent. By leveraging their skills, networks, and resources, diaspora members can contribute significantly to job creation and economic development.

Initiatives such as diaspora bonds and investment funds can channel resources into impactful projects benefiting local communities. Additionally, diaspora professionals can serve as mentors and role models, sharing their experiences to inspire and guide the next generation of African business leaders. This investment and mentorship from the diaspora are essential for building a robust entrepreneurial ecosystem capable of sustaining long-term growth.  

African governments can implement several key policies to boost youth entrepreneurship further and enhance diaspora participation in economic development. Firstly, governments should create incentives for diaspora investment, such as tax breaks and streamlined regulations for diaspora-led businesses. Secondly, establishing dedicated entrepreneurship funds and grants for young people can ease financial barriers. Additionally, governments can foster public-private partnerships to develop incubation centers and innovation hubs that support young entrepreneurs. Finally, enhancing transparency and eliminating corruption in funding allocation will ensure that resources are used effectively to support and grow local businesses.

The African Continental Free Trade Area (AfCFTA) is a game-changer for African youth. Opening up borders and promoting intra-African trade creates new opportunities for businesses and entrepreneurs. Youth can now access larger markets, diversify their products, and scale their operations across the continent. This not only boosts job creation but also fosters economic integration and collaboration. There is a need to fast-track the implementation of the AfCFTA.

Consideration to emigrate is increasingly at the forefront of African youth aspirations, with nearly three-in-five (58%) saying they are likely to consider relocating to another country in the next three years. The “brain drain” phenomenon has long been a concern for Africa, with talented individuals leaving the continent to search for better opportunities. We must turn this challenge into an advantage by promoting “brain gain.” By encouraging collaboration with diaspora professionals and creating conducive environments for their contributions, we can harness their expertise for the continent’s development.  

The Africa Youth Survey paints a picture of a generation ready to take control of their future, but systemic challenges hinder them. By addressing these barriers through innovative solutions and leveraging the power of the African diaspora, we can create a brighter future for African youth.

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About the Author

Chiedza Juru is the Founder and President of Annot Inc., a non-profit 501(c)(3) dedicated to unlocking the potential of young people through education, youth empowerment, and diaspora engagement. With over a decade of experience as an education and youth development specialist, she has spearheaded innovative programs that have benefited thousands of students in East and Southern Africa.

Why Cleaner Workplace Air Could Help Solve the UK’s Productivity Problem

March 23, 2025

Professional Office Cleaning with Focused Worker and Motion Blur of Colleague in Modern Workspace

By Ben Simons

Think of ‘air pollution’ and you’re probably conjuring images of a thick city smog, car exhausts and warm gusts of air on the train. You might assume that behind closed doors you’re relatively safe from these types of pollutants, especially when you’re at home and at work – but this couldn’t be further from the truth. Did you realise that many of the UK’s workplaces are actually dirtier than these types of outdoor spaces?

New research reveals just how contaminated workplace air can be, affecting us financially, physically and mentally. Given that most of us spend a significant portion of our lives indoors, it’s alarming how little attention is paid to this issue.

Yet, it remains an overlooked crisis. UK regulators lag far behind in safeguarding indoor air quality, leaving workers exposed and businesses facing a silent productivity drain.

Talking particulates

Particulate Matter (commonly abbreviated as PM) refers to a mixture of tiny particles and droplets suspended in the air. These particles can include dust, dirt, soot and smoke, as well as microscopic liquid droplets. PM is categorised based on size, with PM2.5 representing finer particles of 2.5 micrometres or smaller – tiny enough to penetrate deep into our lungs and even enter the bloodstream, and categorised by the WHO as carcinogenic. Graph 1

The team at Zehnder Clean Air Solutions recently carried out an air quality survey to assess how many of these PM2.5 particles are present in UK industrial workplaces compared to public spaces like bus and train stations.

The findings were shocking: UK workers are breathing air that is on average 63x more polluted than public spaces, including 78x higher than a train station and 92x worse than a bus station – just some peak values which exceed the average in places you’d assume are some of the worst hotspots for air pollution.

Exposure to this level of air pollution is not only a huge risk to business productivity (cleaning the facility from dust settled than doing actual work), but is creating a silent health crisis.

The silent killer

Workers exposed to high levels of PM2.5 concentration are at risk of developing serious health conditions and worsening pre-existing ones. UK employers must understand that poor air quality is having a direct impact on their workers, and it has become an occupational health risk.

High levels of air pollution have been linked to cardiovascular problems, dementia and cancer to mention a few. Working in such environments eight hours a day, five days a week can also take a serious toll on mental health.

Poor air quality is forcing 3.9m sick days and year and tragically leads to 36,000 preventable deaths each year.

The trickle-down effect of these health risks is staggering. The more health issues experienced by workers, the more sick days they take, and businesses start to face a productivity crisis. Such is the impact that poor air quality is currently costing the UK economy £900m annually.

The regulatory gap leaving workers unprotected

In recent years, the UK has put in great effort to create public spaces with clean air, the ULEZ zone in London being a prime example. The Government acknowledges that poor air quality is the largest environmental risk to public health in the UK, yet current COSHH workplace air quality regulations are over 30 years’ old and out of line with World Health Organization (WHO) recommended levels. This means that even when employers comply with the UK’s law, there’s still the potential for harm.

Following the pandemic, office workers became aware of the way particulates moved, and steps have been taken to improve the quality of air in office environments. But industrial production workers have not had the same privilege; our research found their air is 34x more polluted than in the office spaces of the same business. It is simply unjust that one group of employees enjoys cleaner air while another is exposed to harmful pollution just because they are not sitting behind a desk.

The levels of exposure are almost off the charts: it’s time UK employers understand the importance of clean air at work and act upon it

The path forward: what employers must do

A large part of the current issue is due to a lack of understanding and awareness. A lot of UK employers may not even be aware of the link between their air quality and high levels of absenteeism or sick leave. Investing in clean air solutions isn’t just an ethical obligation, it’s a strategic business decision that enhances workforce well-being and performance.

The hardest part is that poor air quality is often almost impossible to see until the effects are already being felt. However even before testing, there are a few tell-tale signs that business leaders should be looking out for. If you are noticing a visual haze in the air under bright lights, dust gathering on surfaces, smells that cling to clothes even when workers have left for the day or reports of dirty shower water, then it’s time to take action.

There are several steps businesses can take now to start improving their workplace air quality, but the starting point is to measure current pollution levels. Understanding ventilation, airflow and potential equipment are key points to consider in the first place.

Conclusion: A business and moral imperative

This silent crisis has gone on too long and is endangering the lives of too many workers, and ultimately, our economic health. It’s a wonder we’ve gone on so long without talking about it. If left unchecked, business’ bottom lines will slowly be eroded by a mounting productivity crisis. The first step is to seek expert help to assess the air quality in your building. From there, there are many steps employers can take to improve conditions and benefit from a healthier, happier workforce.

The cost of inaction is too great. It’s time to clean the unseen.

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About the Author

Ben Simons is Head of Zehnder Clean Air Solutions Europe West and is leading the Clean the Unseen campaign, which aims to educate workers and employers about the dangers of unsafe levels of air pollution. Ben’s mission is to champion the benefits of Clean Air to industry.

Powell Warns Tariffs Will Raise Consumer Prices as Fed Hikes Inflation Forecast

March 21, 2025

Federal Reserve Chair Jerome Powell issued a stark warning on Wednesday: tariffs imposed by the Trump administration will drive up consumer prices. His statement comes as the central bank raised its 2025 inflation forecast to 2.8%, up from 2.5%, largely due to the economic impact of trade restrictions.

“A good part of it is coming from tariffs,” Powell said, adding that inflationary pressures could slow progress toward the Fed’s 2% target.

Since returning to office in January, President Donald Trump has significantly expanded tariffs, affecting over $1 trillion in imports from China, Canada, Mexico, and other trade partners. These measures, aimed at protecting U.S. industries, have sparked concerns about rising costs for businesses and consumers. Economists estimate that tariffs could add $1,200 in annual expenses for the average American household.

“Tariffs are simply inflationary, despite what President Trump may tell people,” said Bradley Saunders, an economist at Capital Economics. He explained that businesses facing higher import costs will likely pass those expenses onto consumers.

In addition to consumer goods, tariffs are expected to increase the price of cars and homes. The Anderson Economic Group estimates auto prices could rise by $4,000 to $12,500, while the National Association of Home Builders projects a $9,200 increase in the cost of a typical home.

Despite these concerns, the White House maintains that tariffs will create new jobs and strengthen the economy. Treasury Secretary Scott Bessent downplayed inflation fears, calling tariffs a “one-time price adjustment” while noting declining oil and mortgage rates.

With economists predicting core inflation could reach 3% in 2025, Powell acknowledged the uncertainty ahead. “It’s really hard to know how this is going to work out,” he said.

Related Readings:

Fed Cuts Rates, Signals Caution as Trump Policies Loom
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ECB Hikes Rates to Record 4% to Combat Inflation
.

Federal Reserve Stuck in Neutral as Uncertainty Looms Over U.S. Economy

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All United Nations Member States Have an Obligation Under International Law to Arrest President Vladimir Putin Pursuant to the International Criminal Court’s Outstanding Arrest Warrant

March 21, 2025

By Charles H. Camp and Sophia Herbst

On March 17, 2023, the International Criminal Court (“ICC”), which was created by the United Nations pursuant to the Rome Statute,^[1] issued an arrest warrant for Russian President Vladimir Putin, who has no head of state immunity from arrest.^[2] The warrant is intended to be more than symbolic and raises critical concerns regarding United Nations member states’ legal duty to arrest Putin. For states that are members of the ICC, their duty to arrest Putin is set forth in the Rome Statute. For states that are not members of the ICC, they have a legal and moral duty to cooperate and protect under the United Nations Charter and international law – the same obligations supporting all states’ Responsibility to Protect.^[3] Should states ignore their international law responsibilities to cooperate, the ICC’s effectiveness as an international court created by the United Nations for the protection of the world will be at stake.

The ICC’s Authority and its Link to the UN

The ICC, established when the Rome Statute entered into force in 2002, has jurisdiction over prosecuting individuals – not states – for genocide, crimes against humanity, war crimes, and the crime of aggression.

This agreement enables cooperation in areas including peacekeeping, evidence sharing, and witness protection.

Though independent, the ICC maintains a formal relationship with the UN via the Negotiated Relationship Agreement.^[4] This agreement enables cooperation in areas including peacekeeping, evidence sharing, and witness protection.

The UN Security Council (UNSC) can refer cases to the ICC, including involving non-member states, as it did in response to Darfur, Sudan in 2005 and Libya in 2011. However, the ICC faces persistent challenges in enforcing its decisions, especially when involving sitting heads of state.

The ICC’s Power to Issue Arrest Warrants and State Compliance Obligations

Under Article 58 of the Statute, the ICC can issue warrants when reasonable grounds exist to believe that an individual has committed a crime within its jurisdiction. Once a warrant is issued, Articles 59, 86, and 89 obligate member states to arrest and surrender the individual.

The case of Sudanese President Omar al-Bashir is noteworthy when considering these obligations. In 2009 and 2010, the ICC issued warrants against al-Bashir for genocide, war crimes, and crimes against humanity. Despite these warrants, al-Bashir traveled to ICC member states, including South Africa in 2015, without arrest. In its defense, South Africa argued that al-Bashir, as a sitting president, enjoyed immunity under customary international law.

The ICC rejected this defense. In its 2017 decision, the Pre-Trial Chamber II found South Africa non-compliant under Rome Statute Article 87(7), triggered when a state fails to comply with the Court’s request to cooperate and the non-compliance obstructs the Court’s proper function.^[5] While the ICC did not refer South Africa to the Assembly of States Parties or the UNSC, this was based in part on South Africa’s status as first to seek legal clarity from the Court regarding states’ obligations to arrest al-Bashir. As a result, member states who fail to comply with their obligation to enforce after this ruling should not expect the same leniency.

Case in point: the ICC’s October 2024 finding of Mongolia’s non-compliance with the warrant against President Putin and referral to the Assembly of States Parties.^[6] In the case of Putin’s warrant, the ICC has previously clarified that no personal immunity applies to heads of state, including non-members, in relation to ICC warrants.

Putin’s Arrest Warrant: Legal and Political Implications

Russia, not a party to the Rome Statute, has rejected the ICC’s jurisdiction and dismissed the warrant as illegitimate. Nevertheless, ICC member states have a legal obligation to arrest Putin if he enters their territory.

The obligation to arrest and surrender is one of the means to ‘give effect’ to the obligation to cooperate with the Court in the execution of its mandate.

Putin’s travels will place any host states at risk of violating the Rome Statute if they fail to arrest and surrender him. The Court’s finding of non-compliance by Mongolia illustrates the stakes for ICC member states, as they risk legal consequences for non-compliance under Article 87(7) of the Statute. Importantly, the ICC itself made clear in the Mongolia case that^[7], [A]rticle 27 of the Statute has the effect of removing any and all international law immunities of officials, including Heads of State, and binds to that effect States Parties, as well as States that have accepted the Court’s jurisdiction, not to recognise any kind of immunity or apply special procedural rules that they may attach to any persons. Whether these persons are nationals of States Parties or nationals of non-States Parties is irrelevant. The Statute, in any case, does not make any distinction in this regard. States Parties and States that have accepted the Court’s jurisdiction have therefore the obligation to arrest and surrender any person for whom the Court has issued a warrant of arrest, irrespective of their official capacity and nationality. The obligation to arrest and surrender is one of the means to ‘give effect’ to the obligation to cooperate with the Court in the execution of its mandate.

Moreover, the ICC has held that^[8] Article 34 of the Vienna Convention on the Law of Treaties, providing that the concept that “[a] treaty does not create either obligations or rights for a third State without its consent,”

is irrelevant to the matter at hand, since the Court is not aiming to impose obligations contained in the Statute to non-States Parties, but is rather seeking the cooperation of States Parties in cases against individuals who allegedly committed crimes under article 5 of the Statute on the territory of a State where the Court has jurisdiction.

The US and Other Non-ICC Member States Have an Obligation to Cooperate with the ICC

While non-member states of the ICC, like the United States, are not legally bound by the Rome Statute, they are, as members of the UN, bound by broader obligations under the UN Charter to uphold international peace and security, a concept reinforced through the “responsibility to protect” principle.^[9]

As the UN describes it, the principle creates an affirmative responsibility for states to protect their populations and a “residual responsibility” to act when a state fails to protect its population or commits such crimes itself.^[10] This principle can arguably be extrapolated to imply an obligation on all UN member states to assist in the enforcement of ICC decisions related to findings of “crimes and atrocities”, as such actions are consistent with international law and the UN Charter.^[11]

Ramifications of Non-Compliance with International Obligations

The ICC itself has no enforcement mechanism. It relies entirely on states’ cooperation to enforce its decisions. Non-compliance weakens the Court’s ability to enforce international criminal law and hold accountable individuals charged with crimes serious enough to trigger the ICC’s findings. While Putin’s arrest warrant is not the first issued by the ICC that is yet to be enforced, it represents a crucial test of the international community’s commitment to the enforcement of international criminal law regardless of the official standing of the accused.

Non-compliance weakens the Court’s ability to enforce international criminal law and hold accountable individuals charged with crimes serious enough to trigger the ICC’s findings.

As previously highlighted in the context of the International Court of Justice^[12], judgments by international courts must be enforceable to maintain relevance and provide justice to victims. If ICC arrest warrants are disregarded, especially by ICC member states, the Court risks becoming symbolic, without real-world accountability for its findings. Non-ICC member states, though not obligated through the Rome Statute, have an obligation, consistent with the Responsibility to Protect, to execute the outstanding arrest warrant against Putin.

Conclusion

The ICC depends on states to honor their legal and political obligations. Without state cooperation, including the execution of arrest warrants, the ICC’s ability to deliver justice is severely compromised.

The arrest warrant for Vladimir Putin will remain active unless withdrawn by the ICC itself. Whether it is next year or in the decades to come, the question of enforcing accountability for crimes and atrocities will persist until the day, if ever, Putin is arrested and surrendered to the Court for trial.

Consistent with the UN’s ultimate goals of international peace and cooperation, all UN member states, whether or not they are members of the ICC, have an international obligation to cooperate with the ICC for the benefit of all mankind, consistent with the Responsibility to Protect.

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About the Authors

Charles H. Camp is an international lawyer with over 30 years of experience representing foreign and domestic clients in international litigation, arbitration, negotiation, and international debt recovery. In 2001, Mr. Camp opened the Law Offices of Charles H. Camp, P.C. in Washington, D.C. to focus on effective, personalized representation in complex, international matters. Mr. Camp teaches International Negotiations at the George Washington University Law School.

Sophia Herbst, a former Associate of Mr. Camp’s firm, is an Adjunct Professor at the George Washington University Law School with a focus on international commercial and investor-state arbitration. Ms. Herbst also practices in commercial litigation and alternative dispute resolution.

References

^[1] UN General Assembly, Rome Statute of the International Criminal Court (last amended 2010), ISBN No. 92-9227-227-6, UN General Assembly, 17 July 1998, https://www.refworld.org/legal/constinstr/unga/1998/en/64553 [accessed 14 March 2025].

The Rome Statute was adopted on 17 July 1998 by the United Nations Diplomatic Conference of Plenipotentiaries on the Establishment of an International Criminal Court. This version of the Statute incorporates changes made to it by the procés-verbaux of 10 November 1998, 12 July 1999, 30 November 1999, 8 May 2000, 17 January 2001 and 16 January 2002. The statute entered into force on 1 July 2002.

^[2] Rome Statute, Article 27 (“a Head of State or Government, a member of a Government or parliament, an elected representative or a government official shall in no case exempt a person from criminal responsibility under this Statute …”) discussed at length at: https://www.icc-cpi.int/sites/default/files/CourtRecords/0902ebd1809d1971.pdf.

^[3]The Responsibility to Protect is a global political commitment, endorsed by the UN, that states have a responsibility to protect their populations from genocide, war crimes, ethnic cleansing, and crimes against humanity and, if they fail, the international community has a responsibility to act. See also

https://worldfinancialreview.com/nation-states-must-comply-with-their-responsibility-to-protect-ukraine-against-the-russian-federations-ongoing-war-crimes/.

^[4] The International Criminal Court and the United Nations, Negotiated Relationship Agreement between the International Criminal Court and the United Nations, UN Doc. A/58/874, 20 August 2004, https://www.un.org/sites/www.un.org.ola/files/documents/2018/10/un-icc-relationship-agreement.pdf [accessed 14 March 2025].

^[5] The Prosecutor v. Omar Hassan Ahmad Al-Bashir, (Decision) ICC-02/05-01/09 (6 July 2017) https://www.icc-cpi.int/sites/default/files/CourtRecords/CR2017_04402.PDF [accessed 14 March 2025].

^[6] Situation in Ukraine (Decision) ICC-01/22 (24 October 2024) https://www.icc-cpi.int/sites/default/files/CourtRecords/0902ebd1809d1971.pdf [accessed 14 March 2025].

^[7] www.icc-cpi.int/sites/default/files/CourtRecords/0902ebd1809d1971.pdf.

^[8] Id.

^[9] United Nations General Assembly, Resolution [A/RES/60/1] 2005 World Summit Outcome (24 October 2005).

^[10] United Nations Office on Genocide Prevention and the Responsibility to Protect, https://www.un.org/en/genocide-prevention/responsibility-protect/about (accessed 14 March 2025).

^[11] Id.

^[12]https://worldfinancialreview.com/judgments-issued-by-the-international-court-of-justice-against-states-violating-the-genocide-convention-must-be-enforceable-by-states-on-behalf-of-victims-of-genocide-otherwise-what-is-the-relevance/

The Tax Loopholes Wealthy Americans Use—And How You Can, Too

March 21, 2025

Tax season has a way of making everyone feel like they’re playing a game they don’t know the rules to—except for the ultra-wealthy. While most people scramble to figure out deductions and credits, the top earners work with strategies that keep their tax bills surprisingly low. The good news? Some of those same tactics aren’t just for billionaires. Regular people can use them, too. The key is knowing where to look and how to apply them in a way that works for your financial situation.

Rethinking How You Earn Your Money

Not all income is taxed the same way. The IRS treats ordinary wages, like the paycheck from a traditional job, differently than other types of earnings. That’s why the wealthiest Americans don’t rely on salaries alone—they focus on income that’s taxed at a lower rate.

Capital gains, for example, are taxed at a maximum of 20% for most high earners, compared to the top income tax bracket of 37%. This is why wealthier individuals structure their income around investments rather than traditional paychecks. If you’re not in that world yet, it’s still possible to shift some of your earnings into lower-taxed categories. Whether it’s investing in dividend-producing stocks or real estate, moving a portion of your wealth into assets that appreciate over time could lower your tax burden in the long run.

The Power of Retirement Accounts (If You Use Them Right)

Retirement accounts aren’t just about saving for the future—they’re one of the smartest ways to cut your tax bill today. The wealthy don’t just max out their 401(k)s; they take full advantage of tax-deferred and tax-free growth wherever they can.

For many people, Roth IRAs and 401(k)s are an obvious choice, but higher earners often hit contribution limits. That’s where backdoor Roth IRAs and mega-backdoor Roth conversions come into play. These strategies allow money to be moved into tax-free retirement accounts, even for those who technically earn too much to contribute directly.

Another big factor? Managing income levels strategically to avoid being pushed into higher IRMAA brackets for 2025—a key consideration for those on Medicare. IRMAA, or the Income-Related Monthly Adjustment Amount, determines how much extra high earners pay for their Medicare premiums. By strategically withdrawing from retirement accounts and managing taxable income, retirees can avoid unnecessary cost hikes and keep more of their money.

How the Wealthy Use Business Structures to Their Advantage

If you’re earning a paycheck as an employee, you’re paying taxes on every dollar upfront. But business owners and independent contractors get to take advantage of deductions that significantly lower their taxable income.

One of the most powerful tools? The S corporation (S corp). Business owners who elect S corp status can split their earnings between a salary and distributions. While salary income is subject to payroll taxes, distributions are not, creating potential savings. That’s why many high earners structure their businesses in a way that legally minimizes how much they owe.

Even if you don’t own a business, it’s worth considering whether side income could be structured in a tax-efficient way. Whether it’s consulting, freelancing, or rental properties, shifting even a portion of income into a business entity could provide financial benefits. And with professional accounting services, you can ensure you’re maximizing every deduction available.

Real Estate: The Wealth-Building Secret

One of the biggest reasons wealthy individuals love real estate? The tax benefits. Not only does real estate appreciate in value over time, but the tax code is written in a way that allows investors to reduce their taxable income significantly.

Depreciation is a major factor here. Even if a property increases in value, the IRS allows owners to deduct depreciation expenses each year, lowering their taxable income. Meanwhile, 1031 exchanges let investors swap one property for another without paying capital gains taxes, allowing them to keep growing their portfolios tax-free.

For those who aren’t real estate moguls (yet), there are still ways to use these advantages. House hacking—renting out part of your primary residence—can allow you to generate tax-advantaged income while building equity. And for those looking to invest more seriously, real estate syndications or REITs (Real Estate Investment Trusts) offer opportunities to tap into property markets without owning a home outright.

Charitable Giving: How Generosity Saves on Taxes

The wealthy don’t just donate money out of goodwill—many of them structure their giving to maximize tax benefits. Charitable remainder trusts (CRTs) and donor-advised funds (DAFs) allow for significant deductions while keeping assets growing for future giving.

Even for those who aren’t billionaires, strategic charitable giving can lower tax burdens. Instead of donating cash, consider gifting appreciated stocks or assets. This move lets you avoid capital gains taxes while still getting a full deduction on the donation’s market value.

Another approach? Bunching donations into specific years. Instead of spreading out contributions annually, consolidating donations into a single tax year can push deductions above the standard threshold, leading to bigger tax savings.

Why Tax Planning Isn’t Just for the Wealthy

The biggest mistake most people make? Thinking tax planning is only for the ultra-rich. In reality, the tax code is filled with incentives and strategies designed to help everyone—not just billionaires—keep more of what they earn.

From optimizing retirement accounts to leveraging business structures and real estate, there are plenty of ways to reduce tax liabilities legally. It’s all about knowing what’s available and making smart, forward-thinking moves. Because when it comes to taxes, the best way to win isn’t by working harder—it’s by planning smarter.

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Your CRM Marketing Just Got a Whole Better With This Video Platform

March 20, 2025

CRM Customer Relationship Management for business sales marketing system

In today’s digital landscape, integrating personalized video content into Customer Relationship Management (CRM) systems has become a game-changer for businesses aiming to enhance customer engagement and drive conversions. One platform leading this transformation is Blings, which offers real-time personalized, interactive videos that seamlessly integrate with existing CRM systems.

The Power of Video in CRM

Video content has proven to be a powerful tool in marketing and sales strategies. According to Clum Creative, using the word “video” in an email subject line can boost open rates by 19%, increase click-through rates by 65%, and reduce unsubscribe rates by 26%.

Additionally, adding a product video on landing pages can increase conversions by 80%. It can also increase the time people spend on your page, allowing the brand message to sink in. After all, videos are effective in explaining complex ideas, particularly with new product launches. They can get your message across faster than having the consumer read in the same amount of time.

Blings’ MP5 Technology: Revolutionizing Video Content

Blings has developed proprietary MP5 technology that redefines video content creation and delivery. Unlike traditional static videos, MP5 treats video as dynamic code, allowing for real-time rendering and personalization based on viewer data. This means each viewer experiences a uniquely tailored video, enhancing engagement and relevance.

The efficiency of MP5 technology is notable. Videos are incredibly lightweight, at just 60kb. This ensures quick load times and seamless playback across all devices, making it particularly advantageous for mobile users who often face bandwidth limitations.

Seamless CRM Integration

One of Blings’ standout features is its ability to integrate effortlessly with existing CRM systems. The platform offers quick integration, allowing businesses to embed videos into their CRM in under five minutes. This seamless integration ensures personalized video content consistently aligns with customer data, enabling more targeted and effective communication.

Enhancing Customer Engagement and Conversion

Personalized interactive videos have been shown to significantly boost customer engagement. For instance, brands using Blings’ technology have reported an 8.5x increase in customer engagement and a 4x uplift in conversion rates. These interactive elements transform passive viewers into active participants, fostering a deeper connection with the brand.

Several global brands have leveraged Blings’ technology to achieve remarkable results:

McDonald’s achieved a 4.2x increase in sales by utilizing personalized promotional videos within its app.
Live Nation achieved an 83% engagement rate by incorporating Blings-powered videos into their marketing campaigns.
With their personalized, interactive World Cup-themed video campaign, WPP got an impressive 46% click-through rate. They also have plans to expand in the future.

Beyond sales and engagement, businesses also use Blings for customer support, onboarding, and loyalty programs. By incorporating personalized video messages, brands can humanize their interactions and make customers feel more valued and understood. This is particularly crucial in industries such as finance, healthcare, and e-commerce, where clear communication and trust-building are essential.

Security and Compliance

In an era where data privacy is paramount, Blings ensures videos are rendered securely on the user’s device, with no exposure to personal identifiable information to the platform. Blings is fully GDPR and CCPA-compliant, providing businesses with peace of mind regarding data protection.

Why Blings is the Future of CRM Video Integration

Integrating Blings into your CRM system can significantly enhance customer engagement and drive conversions through personalized interactive videos. The platform’s seamless integration, real-time personalization, and robust security features make it a valuable addition to any business looking to elevate its customer relationship strategies.

With digital interactions becoming the norm, adopting a video-first approach can help brands stay ahead in an increasingly competitive market.

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India at a Crossroads: Trade Reforms or Protectionism in the Face of Trump’s Tariff War?

March 20, 2025

India has historically turned to economic reforms in times of crisis—most notably in 1991 when it embraced liberalization to overcome a financial meltdown. Now, as U.S. President Donald Trump’s trade war reshapes global commerce, the world’s fifth-largest economy faces a pivotal choice: deepen its integration with global markets or retreat further into protectionism.

Trump has repeatedly labeled India the “tariff king,” pointing to its 12% average tariff—one of the highest globally. By contrast, the U.S., China, and Japan maintain significantly lower rates. High tariffs raise costs for businesses and consumers alike, limiting India’s ability to compete on the world stage. Despite an expanding export sector, India’s global trade share remains a mere 1.5%, underscoring the urgency for change.

Recent moves by Prime Minister Narendra Modi’s government suggest a shift. In a bid to ease trade tensions, India has reduced tariffs on select U.S. goods and engaged in trade talks with Washington. Commerce Minister Piyush Goyal has urged Indian exporters to shed their protectionist mindset, while India actively negotiates free trade agreements with the U.K., the European Union, and New Zealand.

A surprising development has emerged in the telecom sector, with Reliance Jio and Bharti Airtel partnering with Trump ally Elon Musk’s SpaceX to introduce Starlink satellite internet in India. This unexpected alliance signals potential shifts in trade and technology collaborations.

Yet, challenges persist. Critics argue that protectionist policies have hindered Modi’s Make in India initiative, limiting industrial competitiveness. Reducing tariffs could make India a key hub in global supply chains, but experts caution against risks like market dumping—especially from China.

As global trade dynamics evolve, India has a rare opportunity to position itself as a leader in a re-globalized world. Whether it seizes this moment or remains tethered to protectionism will define its economic trajectory for years to come.

Related Readings:

Trump Grants Temporary Auto Tariff Exemption for Mexico and Canada

Trump’s Reciprocal Tariffs of Trade Destruction
.

American Tariff Wars Worsen Global Economic Prospects
.

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Challenges and Opportunities as AI Impacts and Transforms the BPO Industry in Philippines

March 20, 2025

AI Chatbot And Human Customer service as a traditional and Robot or Robotic Automation Replacing Humans as employees being replaced by Artificial intelligence.

The Philippine Business Process Outsourcing (BPO) industry employs about 1.7 million people and generated nearly US$38 billion in revenue in 2024. It contributes 8.5% to the country’s GDP, representing one of the most reliable drivers of national progress. These figures do not include freelancers who provide services via platforms like Freelancer.com, Remotasks, UpWork, and Fiverr – up to 1.5 million Filipinos are registered on international online platforms for freelancing services.

Yet the growing use of artificial intelligence (AI) technologies is rapidly transforming employment in this dynamic industry. Many BPO workers are at risk of job loss as AI increasingly automates customer support tasks, including individuals who perform voice-based services and write social media and market content.

AI tools can now engage with customers worldwide without language barriers, thus diminishing companies’ plans for outsourcing their services to any single country. That will be especially the case if businesses in higher-income countries choose to invest in AI solutions instead of continuing to outsource services to humans abroad.

Business process outsourcing (BPO) has been one of the most dynamic sectors of the Philippine economy over the past 25 years – 1.82 million Filipinos employed nationwide, with the sector outpacing the global outsourcing average of 3.5% by achieving 7% growth in 2024 -. By tapping into a large pool of English-speaking college graduates and having an affinity with the United States and its culture, the Philippines has become a leading beneficiary of international subcontracting of certain business functions to overseas vendors.

Today, US firms and companies around the world rely on Philippines-based workers to perform voice and non-voice services such as data entry and analysis, customer service, document transcription, IT support, fulfilment of e-commerce orders, software development, sales and marketing, game development, payment processing, accounting, and other tasks, including creative services and design. Among the sectors that outsource activities to the Philippine BPO industry are IT, health care, legal, and finance. Hundreds of BPO companies operate in Metro Manila, Cebu City, and other Philippine urban centres like Clark, Davao, and Iloilo

However, rapidly emerging AI-driven technologies, including virtual assistants, chatbots, and automated customer service platforms, have begun to take over tasks previously handled by humans, especially for routine customer inquiries and screening and directing customers’ calls. Indeed, the rapid adoption of chatbots to answer common questions threatens to suppress demand for entry-level customer service representatives. New technologies are being quickly adopted to improve efficiency, consistency, and quality while simultaneously lowering costs. Even companies that prioritize a human touch are forced to use the tech to satisfy clients who are demanding greater automation.

Transforming Jobs

It estimates that the number of BPO industry jobs in the country will actually increase by 1.1 million between the end of 2023 and 2028. While AI has been displacing workers in the Philippines and in other countries — it has also created new employment opportunities. People continue to be needed to perform tasks like classifying content, coding, data editing, strategy and annotating.

As routine tasks are automated, the need for advanced technical skills — such as programming, managing, and maintaining AI systems — is growing. The Philippines’ BPO industry has historically prioritized a workforce with strong communication abilities over technical expertise. However, the transition to AI demands workers skilled in data analytics, machine learning, and AI system management.

For instance, BPO firms can use machine learning algorithms to automate many of their repetitive tasks to free up human workers to do higher-value operations. They can also leverage AI to produce insights and accurate data analyses.

BPO companies can also use AI to improve processes already there, and accurately predict customer needs and trends, giving business leaders the opportunity to make well-informed decisions. These insights also allow companies to improve their recruitment and training strategies.

Individuals are also being employed to differentiate objects and living beings in videos that are used to formulate the algorithms for autonomous driving and to label images so that AI can, for example, generate representations of public figures. Technological solutions are not infallible, and many require — or at least benefit from — human involvement. For example, AI can be used to analyze large amounts of data quickly, providing initial insights that help BPO workers resolve complex customer issues more efficiently.

Need for Policy

For the industry to comprehensively adapt to the coming wave of AI innovation, government and industry leaders need to co-operate to develop policies and practices that boost investment in AI education and training. Such collaboration is also important for nurturing opportunities that arise through a human-AI hybrid approach, which could help mitigate the negative impacts of AI on employment.

The CCAP, a non-profit organisation consisting of more than a hundred local BPO firms, has been a strong supporter of AI integration in the Philippines. The group recently reiterated its stance that generative AI can benefit not only contact centres but other IT-BPM companies as well.

Since 86% of Filipino white-collar workers already use AI to “boost productivity, efficiency and creativity,” according to the 2024 Work Trend Index created by LinkedIn and Microsoft; advanced language, emotional recognition, and generative AI tools have made work more demanding for BPO workers, and outsourcing clients are requiring more automation and AI integration in workflows, the chances for AI technology to become a contribution to the BPO force rather that a constrain are greater than ever.

Conclusion

AI represents both a challenge and an opportunity for the Philippine BPO industry. The automation of routine tasks, cost-efficiency of AI, and changing skill demands pose significant risks to the industry and those employed within it. However, by investing in upskilling, embracing AI as a complementary tool, and adopting policies that foster innovation, the industry can adapt and continue to thrive in the future.

AI technologies allow agents to concentrate on more important tasks such as completing complex transactions. This would result in better productivity, as well as a much more positive experience for both workers and customers.

Yet policies that encourage investment in AI education and training could help mitigate the negative impacts of automation. Additionally, fostering partnerships between educational institutions, private companies, and the government to develop AI-related curricula could help equip the workforce with the necessary skills to thrive in the evolving job market.

The key lies in being proactive, adaptable, and forward-thinking, ensuring that the Philippines remains a global leader in outsourcing services in an AI-driven world. Thinking more ambitiously, there is even potential for the Philippines to position itself as a hub for AI services, providing expertise in AI management, data annotation, and machine learning model training.

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From Concept to Completion: The House Flipping Process Explained

March 20, 2025

Woman holds key against a multi-storey residential area

The allure of house flipping lies in the potential to buy low, sell high, and earn significant returns on investment. It’s a journey from a simple concept, through a well-planned renovation, to a profitable completion. But the road to a successful flip is paved with research, planning, and execution of key strategies that hinge on market knowledge and financial acumen. For those curious about this lucrative yet challenging venture, gaining an understanding of the entire process is crucial. Keep reading to uncover the key phases and best practices in flipping a property from the ground up.

Renovation and Remodeling: Maximizing Property Value

Renovation and remodeling are where a flipper can truly make their mark and add value to a property. Effective planning and a clear understanding of what adds value, versus what constitutes unnecessary spending, are paramount. Prioritizing renovations that increase curb appeal and structural integrity, like updating the kitchen and bathrooms, can offer a significant return on investment.

It’s also essential to manage the renovation process effectively, ensuring quality work is done while keeping costs within budget. Hiring reliable contractors and closely monitoring their work can help prevent costly mistakes. For example, tackling significant structural issues, like foundation repairs, first can avoid redoing cosmetic improvements later on due to unforeseen issues.

For those working in the Cherry Hill area, coordinating with services like junk removal in Cherry Hill, NJ can greatly facilitate the cleanup and preparation of a property for renovation or eventual sale. A clear space allows for more accurate renovation planning, faster work, and a more appealing home presentation.

Selling the Flip: Marketing and Closing the Deal Successfully

After the renovation work is completed, the focus shifts to selling the property – the most exhilarating stage of house flipping. Effective marketing strategies can greatly enhance visibility and appeal to potential buyers. High-quality photographs, virtual tours, and strategic online listings are just a few ways to showcase the newly renovated property.

Properly pricing the home is another critical step. A price that’s too high can prolong the period the home remains unsold, while a price that’s too low can erode profits. Conducting a comparative market analysis and possibly working with a real estate agent who has in-depth knowledge of the local market can assist in setting a competitive price point.

Throughout the final stages of sealing the deal, it’s also important to have strong partners to ensure a smooth closing process. Partnering with reputable companies like Beaver Heating & Air in Yuba City CA can ensure any HVAC systems in the flipped properties are well-maintained and functioning optimally, which can be a significant selling point.

Crafting a Strategic Plan for Your House Flipping Project

Successful flipping entails far more than just buying a property and making superficial changes. It requires a comprehensive strategic plan that addresses budgeting, timeline, renovation scope, and resale tactics. The plan must be grounded in realistic expectations and informed by a thorough market analysis to ensure the final product will be desirable to buyers.

Developing a budget is one of the first and most critical steps when planning a flip. This budget should account for the purchase price, renovation costs, holding costs, and unexpected expenses. Being meticulous in this step can prevent cost overruns that could potentially derail the entire project.

Timeline management is another key component. Efficient scheduling of contractors, material delivery, and permitting processes can greatly influence the success of a flip. Delays can increase holding costs and may cause investors to miss the optimal selling window, thereby affecting the profitability of the project.

Financing Your Flip: Options and Strategies for Investors

Funding a house flip can be achieved through a variety of means, each with its own advantages and considerations. Traditional financing through banks may be ideal for those with excellent credit and the ability to navigate longer approval processes. However, for many flippers, alternative sources of funding like hard money lenders or cash investors may be more appropriate.

Hard money loans are a popular choice due to their quick approval times and asset-based nature, allowing investors to obtain funds based on the property’s potential value post-renovation. However, these loans typically come with higher interest rates and shorter repayment terms, which can add to the overall cost of the flip.

Altogether, house flipping can be a profitable real estate investment strategy when executed with careful planning, detailed budgeting, and a clear understanding of market dynamics. Overall, success in flipping requires a mix of savvy investment strategies, a keen eye for potential, and the ability to navigate the renovation and sales processes with finesse.

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Generative AI Isn’t Intimidating When You Learn It This Way

March 20, 2025

AI generative app. Woman chatting with Artificial Intelligence software in computer laptop. Technology trends

By Dr. Gleb Tsipursky

Peer mentoring is a transformative strategy that can revolutionize how organizations embrace generative AI (Gen AI). By leveraging the power of personal connections and shared expertise, peer mentoring accelerates learning, fosters collaboration, and fuels innovation. In today’s fast-paced business environment, where the mastery of Gen AI tools can mean the difference between staying competitive and falling behind, this approach is nothing short of essential.

The Human Element of Embracing Gen AI

Generative AI tools promise efficiency, creativity, and transformative possibilities, but for many employees, navigating these tools can feel daunting. That’s where peer mentoring steps in, offering a bridge between uncertainty and confidence. When employees learn directly from colleagues who have already mastered Gen AI, they gain not just technical know-how but also context-specific insights tailored to their unique roles.

Imagine being guided through a new tool by someone who understands the nuances of your workload, rather than sitting through a generic training webinar. Peer mentors personalize the learning process, breaking down complex concepts and demonstrating their application in real-world scenarios. This one-on-one guidance makes Gen AI tools more accessible and, importantly, more relatable, while managing risks.

Empowering Early Adopters as Mentors to Embrace Gen AI

Organizations often underestimate the goldmine of talent within their own ranks. Early adopters of Gen AI—those employees who have enthusiastically embraced these tools to enhance tasks like coding, content creation, and data analysis—are an invaluable resource. Peer mentoring programs tap into this resource, positioning these employees as mentors who guide their colleagues toward Gen AI proficiency.

Peer mentoring programs tap into this resource, positioning these employees as mentors who guide their colleagues toward Gen AI proficiency.

Take, for example, one of my clients, a mid-sized professional services company whose leadership I helped recognize its Gen AI-savvy employees as catalysts for broader adoption. These early adopters, once scattered across departments, were brought together under a structured peer mentoring program. Their mission? To mentor colleagues eager to learn Gen AI tools but unsure where to start. This deliberate approach ensured the company didn’t just rely on scattered pockets of expertise but actively spread that knowledge across teams.

Building Bridges Through Tailored Learning for Embracing Gen AI

The beauty of peer mentoring lies in its flexibility and relevance. Unlike traditional training methods, which often feel detached from day-to-day responsibilities, peer mentoring sessions are tailored to the specific needs of mentees. For example, an employee in marketing might focus on content creation and effective Gen AI prompting, while a colleague in engineering could delve into coding automation.

This tailored approach was a hallmark of the aforementioned professional service company’s program. Mentors shared the practical tips and tricks they had discovered, demonstrated advanced techniques, and even helped troubleshoot challenges mentees encountered. Group workshops further amplified this knowledge-sharing, allowing mentors to showcase their expertise to a broader audience while building confidence among mentees.

A Win-Win for Mentors and Mentees

Peer mentoring doesn’t just benefit those learning Gen AI; it’s equally rewarding for the mentors. Early adopters gain recognition for their expertise, boosting their professional visibility and pride in their contributions. Mentors also develop their leadership and communication skills, positioning themselves as thought leaders within the organization.

Meanwhile, mentees experience an equally significant transformation. Armed with hands-on guidance and personalized support, they become more confident in their abilities to leverage Gen AI tools effectively. This confidence translates into tangible improvements in productivity and innovation, as employees feel empowered to experiment, iterate, and innovate.

The Ripple Effect on Workplace Culture

The impact of peer mentoring extends far beyond individual skill development—it transforms organizational culture. Over the course of a 12-month peer mentoring initiative, the professional service company observed a noticeable shift: employees not only became more proficient with Gen AI tools but also more eager to share their newfound knowledge with others.

This knowledge-sharing created a ripple effect, fostering a culture of collaboration and continuous learning.

This knowledge-sharing created a ripple effect, fostering a culture of collaboration and continuous learning. Employees across departments connected over shared experiences, strengthening professional relationships and breaking down silos. The workplace evolved into a vibrant hub of innovation, with employees actively seeking out new ways to integrate Gen AI into their workflows.

Real Results for Embracing Gen AI: Productivity, Quality, and Innovation

The results of the peer mentoring program were undeniable. Productivity soared as employees streamlined their workflows with Gen AI tools, completing tasks faster and with greater precision. The quality of work improved as employees applied advanced Gen AI techniques to tasks like content creation, data analysis, and client outreach. And perhaps most significantly, the organization’s culture shifted toward one of enthusiasm for learning and innovation.

Metrics underscored the program’s success. Teams using Gen AI reported significant time savings of over 25%, while cross-departmental collaborations increased by 30%. Employees consistently rated the program as one of the most impactful initiatives for their professional growth, with many noting that it demystified Gen AI and made it feel approachable.

Why Peer Mentoring Is the Future of Embracing Gen AI

As businesses navigate the rapid evolution of Gen AI, traditional training methods are proving insufficient. Peer mentoring offers a dynamic, scalable solution that not only accelerates learning but also strengthens the fabric of workplace relationships. By harnessing the expertise of early adopters and fostering a culture of collaboration, organizations can ensure that their employees are not just users of Gen AI tools but pioneers of innovation. In an era where technology often feels impersonal, peer mentoring injects a much-needed human touch into the learning process. And for organizations ready to embrace Gen AI, it can be one of the most powerful tools they have.

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About the Author

Dr. Gleb Tsipursky was named “Office Whisperer” by The New York Times for helping leaders overcome frustrations with Generative AI. He serves as the CEO of the future-of-work consultancy Disaster Avoidance Experts. Dr. Gleb wrote seven best-selling books, and his two most recent ones are Returning to the Office and Leading Hybrid and Remote Teams and ChatGPT for Leaders and Content Creators: Unlocking the Potential of Generative AI. His cutting-edge thought leadership was featured in over 650 articles and 550 interviews in Harvard Business Review, Inc. Magazine, USA Today, CBS News, Fox News, Time, Business Insider, Fortune, The New York Times, and elsewhere. His writing was translated into Chinese, Spanish, Russian, Polish, Korean, French, Vietnamese, German, and other languages. His expertise comes from over 20 years of consulting, coaching, and speaking and training for Fortune 500 companies from Aflac to Xerox. It also comes from over 15 years in academia as a behavioral scientist, with 8 years as a lecturer at UNC-Chapel Hill and 7 years as a professor at Ohio State. A proud Ukrainian American, Dr. Gleb lives in Columbus, Ohio.

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