Retirement Plan can succeed through Mutual Fund Investment

It’s well said, “Effective Planning for your Retirement in early stages helps you to build strong financial balance after retirement”. Who doesn’t look forward to achieving a comfortable life after retirement? After all, life is all about ending up with happiness. To pursue such happiness, you need to have some retirement corpus and as well as a steady flow of income to meet your every requirement.

Why Mutual Fund is the Ultimate Avenue for your Retirement Plan? It is best to have an employee of the Central Government as they take care of your future and sorts out your all retirement aspects financially. The scenario comes different when you are a Private Employee as you are not guaranteed to have a comfortable life in your older days. Mutual Fund is one of those Avenues through which you can make hassle-free retirement while beating inflation. In simple term, mutual fund accumulates money from different investors and puts them on different money market instruments such as equity, stocks, and debts. If the investment goes on for a long time with consistency, offer high returns and helps to build a high corpus for your retirement. Benefits of Mutual Fund Investment for Retirement Plan
You will be getting the best recommendation from the Retirement Plan advisor regarding your retirement plans and schemes.
Mutual Fund for Retirement Plans is more tax-efficient than pension plans.
The transparency in mutual funds is higher than those of pension plans as you can access your desired information regarding mutual funds.
Mode of Payment is Easy and Convenient.

The Tax Implications of Cryptocurrency

Bitcoin is the most widely traded, held and circulated digital currency of all time. It’s called a convertible virtual currency due to its being an equivalent value in real currency. While the IRS has been slow to deal with crypto taxes, they are beginning to tighten up. Read on for all you need to know about cryptocurrency and taxes.

Bitcoin Explained
Before we get into what crypto taxes are all about, let’s first go over what Bitcoin is. Bitcoin uses cryptographic encryption systems to secure transfers and storage between uses. Unlike fiat currency, bitcoin is not printed by a central bank, nor is it backed by any institution. The coins are generated by a process called mining where a high-powered computer on a giant network uses a mathematical formula to produce bitcoins. It takes very sophisticated hardware and hours sometimes days to mine less than one bitcoin. TO obtain them you can either mine bitcoins or buy them from someone with cash or a credit card. Since 2009 Bitcoins have been used on several occasions exactly like a fiat currency to buy goods and services.

Bitcoin is now listed on many popular exchanges and has been paired with leading world currencies such as the pound, US dollar, and the euro. The US Federal Reserve began acknowledging the importance of bitcoin when it announced that cryptocurrency transactions and investments would not be considered illegal. Initially, the allure of Bitcoin was attributed partly to the idea it wasn’t regulated and could be used in transactions that avoided tax obligation. The intangible nature of bitcoin and its universality also made it harder to keep track of cross-country transactions. Also, government authorities around the world soon realized that bitcoin attracted black marketers who could make shady deals without being traced. It was only a matter of time before the tax authorities and government agencies honed in on Bitcoin.

Taxes on Bitcoins
Globally many tax authorities are starting to bring legislative regulations on bitcoins. TheUS Internal Revenue Service (IRS) and its associated partners from other countries are mostly on the same page when it comes to the treatment of bitcoins. The IRS has stated that bitcoin should be treated as an asset or an intangible property and not a currency since it’s not issued by a central bank of any country. Bitcoin’s acceptance as an asset makes the tax implication comprehensible. It may seem like a minor distinction, but it makes quite a difference. This determines how bitcoins are taxed, what information will be needed to make sure your taxes are calculated correctly, and what tax planning techniques you can use to minimize your taxes on bitcoin transactions.

IRS Cracks Down
The IRS has made it mandatory to report bitcoin transactions of all kinds, no matter how large or small in value. Thus, every US taxpayer is required to keep a record of all buying, selling, investing in, or using bitcoins to pay for goods or services, which the IRS considers bartering. Since bitcoins will be treated as an asset, if you use bitcoins for simple transactions such as buying food at a grocery store, you’ll incur a capital gain.

Taxable and Nontaxable Events
A taxable event is simply a specific action that triggers a tax reporting liability. Whenever one of these ‘taxable events’ occurs, you’ll trigger what’s called a capital gain or capital loss that is required by the IRS to be reported on your tax return. Here are a few of the major taxable events to look out for: trading cryptocurrency to a fiat currency like the euro or US dollar, trading cryptocurrency to cryptocurrency, using cryptocurrency for goods and services, and earning cryptocurrency as income. A nontaxable event is just the opposite. These are events that incur no capital gains and are not considered required to be reported. Here are some examples: giving cryptocurrency as a gift to someone, a transfer from a wallet, or purchasing cryptocurrency.

Cryptocurrency Tax Software
You will need to pay taxes on your digital asset investment tax returns unless you reside in a country that doesn’t require you to pay capital gains taxes. Cryptocurrency tax software is software built for cryptocurrency traders to solve the tax reporting problem. It allows cryptocurrency users to aggregate all of their historical trading data by integrating their exchanges and making it easy to bring everything into one platform. Many traders and investors are beginning to use this software to securely create their required cryptocurrency tax reports.

The Blockchain is a public ledger, which means anyone can view the ledger at any time. Figuring out a person’s activities on that ledger comes down to placing a wallet address with a name. Making the decision not to report your crypto transactions is a risky decision that could subject you to tax fraud which could be punishable by criminal prosecution, a fine of up to $250,000 couple with five years of imprisonment. If you’re getting into Bitcoin or other forms of cryptocurrency, be sure to know when you should report your taxes and why.

Ask Your Car Insurance Company in Texas to Add Roadside Assistance to Your Teen’s Policy

The best car insurance agency in Texas will offer it to you when you sign your teen up to be on your policy. Before you say “No way! I want their insurance to be as cheap as possible!” consider the following reasons why it is actually a very good idea:

#1 It brings you peace of mind. Sending your teen out onto the roads without you is scary, to say the least. Peace of mind is priceless benefit of adding roadside assistance to your auto insurance policy. You cannot be with them all of the time, but it is reassuring when you know there is someone to call in the event of a crash, breakdown, or flat tire.

#2 They feel more confident out on their own. Sure you are scared, but so are they! Confidence is key when driving safely. Any type of panic or feeling out of control will only make a bad situation worse. Not very many teens can change their own tire or know what to do when the dashboard lights start blinking. When your teen knows they can call someone for help (without getting in trouble!) they will feel more self-assured out on the roads.

#3 It makes the necessities of life more affordable. When you’re driving, a lot can go wrong. When a teen is driving, a lot more can go wrong! Even if your son or daughter is driving a nice, new car it can still get a flat tire. Of course, most teens drive a car that isn’t nice or new, so there’s an added probability that car trouble could happen at any moment! Instead of hoping car trouble will simply never happen, it is a much better idea to plan for the eventuality that it will. Roadside assistance often costs very little to add to your policy. When you consider the cost of calling a tow truck and paying out of pocket, it’s clear to see which is the true cost saving measure.

It’s easy to see why this would be so helpful! If your family has a new driver on the road, you can breathe easier knowing that your teenage son or daughter can call someone for help. Even with a low cost policy from a reputable car insurance company in Texas, they will have someone to reach out to if they are stranded on the side of the road with a flat tire or forgot to put gasoline in the tank.

How to Start in Consulting – Discover Proven Steps to Get Started in Consulting

If people consider you as someone who is a great source of information and someone who has been there and done that, you can make money by offering consulting services. In here, you’ll be asked to share your expertise and you need to provide assistance to help people solve their problems or reach their professional goals.

Here’s how you can get started in the field of consulting:

1. Establish your expertise. You really can’t be a consultant unless you are known as an industry leader or someone who is extremely knowledgeable on your chosen niche. Establish your expertise by creating a portfolio that contains all your achievements, your relevant educational background and experience, and the list of people that you were able to help in the past. It would help if other experts in your chosen niche look up to you as a great resource person and if your previous clients highly recommend you to other people. This means that they are extremely happy with your services.

2. Decide where you want to work. You can be an “offline” or online consultant depending on your preferences. If you want to work at the comforts of your own home, I recommend that you offer your services online. However, if you love working with other people face-to-face, you can start your consulting “brick and mortar” business. Both have pros and cons. Just weigh them so you’ll be able to make well-informed decision.

3. Plan an effective marketing campaign. Obviously, you will need to attract interested parties so you can make money in this endeavor. Plan a targeted and effective marketing campaign to easily connect with those people who might consider doing business with you.

Consulting Training – Revealed – 3 Marvelous Methods to Improve Your Training Consultant Programs

Most consultants who have been in the business for quite sometime and who have made their mark in this field are moving their cheese from offering consulting programs to offering consulting training programs that are designed to help aspiring consultants to get started in this endeavor.

If you are one of them, it’s important that you always analyze the effectiveness of your programs to get ahead of your competitors. Here’s how you can improve them:

1. Know your clients. Keep in mind that every client is different. Although they have the same goal (to become a consultant), they do need different information and assistance as they have unique sets of goals and skill levels. Get to know them individually before you train them so you’ll be able to offer them exactly what they need. Assess their abilities and their skills to know what areas you will need to focus your attention on.

2. Choose your mediums. People these days don’t have the luxury of time to attend traditional training programs conducted within the four walls of a room. Help them out by using mediums that will compliment their preference. You can conduct training sessions using internet or your phone. If you are serving people who would like to learn at their own pace, you can use video-based training programs or you can simply send the information they need through email.

3. Make learning a two-way process. You can make your training programs a lot interesting and a lot productive if you let your clients participate on the discussion. Encourage them to share their ideas and ask their questions from time to time.

High Priced Consulting – Uncover 3 Remarkable Ways to Explode Your High Ticket Consulting

Here’s how you can make your consulting services more enticing to the eyes of your target market:

1. Feedback. Make it a habit to solicit feedback from each of your clients after your consulting sessions. Send them surveys or questionnaires to easily know your strongest and weak points. Take each feedback seriously and use them as guides when doing some improvements on your offerings. You can also ask an objective third party or some of your colleagues to watch you when conducting your consulting sessions. They can surely give you some pointers on how you can improve on some areas.

2. Check on your competitors. If you don’t want to lose your potential clients to your competitors, you need to make sure that your consulting services are way better compare to what these people can offer. Keep yourself posted on the things that they do by visiting their website on a daily basis or by asking somebody to do the research for you. Knowing all the steps that your competitors are taking can make the process of outplaying them a bit easier for you.

3. Think out of the box. Avoid being someone else’s copycat and make your own mark in this field by being unique. Let your creative juices flow and perform some experiments to discover new techniques and elements that you can use during your consulting sessions. Just make sure that everything you use are aligned to the needs, demands, and preferences of your clients to easily impress these people and give them great value for their money.

Consulting Sales – 3 Interesting Ways to Increase Your Consulting Business Sales

Consulting, just like any business, is created to earn revenue. This can only happen if you, the consultant, know how to get people to sign up to your service. Here’s what you need to do:

1. Build a good reputation online. Online users will surely go gaga over your consulting services if you can convince them that you are the best in your chosen niche and that you are genuinely interested in helping your clients. You can do this by positioning yourself as an expert and by making sure that you give each of your clients 100% satisfaction each time they do business with you.

2. Build relationship with your prospects. You cannot get people to sign up with you by simply putting banner ads on your website. Before can win their business if you build rapport with them and if you can get them to like you. Build an ongoing communication with these people and strive to help them out with some of their battles. Send them informative and useful newsletters on a weekly basis and encourage them to email you should they have any problem.

3. Referrals and recommendations. Instead of just promoting your consulting services by yourself, why don’t you get your satisfied customers to help you out? Ask them if they know some people who might get interested with what you offer. Your previous customers will surely not mind getting the word out if they were extremely happy with your consulting service. You can also boost your sale if you can get industry leaders to recommend you to other people.

Management Consultant – What it Takes to Become a Consultant in the Management Field

Are you seriously considering starting a career in management consulting? Then, this article is for you. Here’s what it takes to get started in this endeavor:

1. As a management consultant, you must have that ability to develop or enhance the leadership skills of your clients or their management team. Your job will include assessing the collective skills of the present leadership team and later on, offer expert advice on how to reorganize the whole team to achieve the full benefit of their skill sets. You will also be tasked to eliminate or possibly, create new positions in the management team to increase efficiency and productivity. Your goal here is to help your clients (business owners) to use their current resources to their full advantage.

2. Management consultants are also expected to step in when there is a sudden vacancy in the management team. He must have in-depth knowledge and the capability to handle any position in the management team to easily fill the inadequacy in the company. That means, he must have deeper knowledge about the tasks that are being performed by different type of managers. This requires adequate experience, educational background, and relevant trainings.

3. Management consultants are expected to be experts when it comes to telecommunications, retail industry, management consulting, and other related fields. They are also expected to have exceptional leadership, management, selling, communication, analytical, and people skills. They must be team players and they must easy to work with. In addition, they are expected to know a little bit about everything in running a business and they need to be a great source of information and inspiration to everyone in the organization.

Chinese Brands Seek Respect in the International Market

We partly agree with this statement,Guest Posting as certainly having broadcasted national brands to an audience of million people is a great branding exercise, but we still believe that the brands that are going to benefit the most are the one that have invested beforehand into brand building in face of international competitors.

In fact, there are still a few but very pressing problems Chinese brands have to deal with before being able to take full advantage of the positive influence the Olympics are bringing about.

It is no news to say that the “Made in China” label is often associated with brands of poor quality and low value. Even though the Olympics showed a highly developed China, this moniker still weights on the locally born brands. Just think about the recent product recalls that have brought consumers to become even more skeptical about buying products manufactured in China. Not to mention the influence the current milk powder crisis will have on the “China Brand” both at home and abroad. Tsingtao, for instance, have had almost a fatal blown when the barley grown in China was found to be heavily polluted with pesticides making it unsuitable for use. Consumers only started to gain trust in the brand after Tsingtao began to import its barley.

Secondly, Chinese brands seem to have been relegated to niche markets and have failed to expand. Looking again at Tsingtao we can see that the brand has been in the US market for thirty years but has been unable to break out of a niche of only 0.04% of the market.

The problem here is that Chinese brands tend to lack of a definite brand identity.

In an effort to expand to a larger consumer market Tsingtao went through a major redesigning process in 2007 aimed at supporting more effectively the brand positioning. The new design revolved around the bottle label, thought to be more contemporary while still maintaining the signature pagoda medallion and red and green color pallet thought to be representative of the “Asian cool,” or the fusion between time-honored traditions and the cool aspirational culture of the Western world.” Still, as the brand re-design have not been associated with a strong definition of what the brand stands for, Tsingtao still find itself stuck in a niche market.

Stressing the Chinese heritage cannot by itself differentiate the brand enough to make it successful in the long run. Furthermore, Tsingtao has very limited visibility outside of Chinese restaurants and grocery stores which make the search cost too high and reduces considerably the brand capacity of winning new brand loyalist. So what can make Tsingtao unique?

Tsingtao has something different than other Chinese beers: it was founded by a Germany company. Some suggest that the Chinese brewery could brand itself as a “Chinese German” beer thus borrowing from Germany’s strong reputation for beer. Though this may not be the be all and end all suggestion Tsingtao has to figure out what will differentiate itself from its competitors other than their Chinese heritage which so far has not proven to gain them a higher market share.

If Tsingtao doesn’t make enough of an example, look at Haier. By being associated with low quality refrigerators Haier is having difficulties breaking out of the low cost compact refrigerator segment targeted to college students. Haier has been selling low price and has not spent many efforts into building a strong international identity. Without brand recognition Haier is unable to enter the high end segment in America because it is all about brands in the upscale market. After all, it is just normal that those people buying a two-thousand dollar refrigerator would choose GE over the brand that makes low cost refrigerators. In a market where products look increasingly similar it is vital to have a strong brand to get your product off the shelves and into your customer’s homes. Haiers association of low quality products and their lack of strong marketing capabilities leave them a relegated market share.

As Chinese brands move from being low cost Original Equipment Manufactures (OEMs) to creating their own strong global brands they have realized the importance of brand building. However, creating strong, valuable brands will take a long time. Overcoming the association of cheap and poor quality can not be changed with the snap of fingers. Furthermore, as new companies or other countries start to capitalize on low production costs, Chinese brands realize that they can no longer use their low price advantage if they want long term success in the international market. After all there is more to a brand than just a cheap price tag.

“A product is something that is made in a factory; a brand is something that is bought by a customer” says Peter Schweitzer the president of J. Walter Thompson. China is used to manufacturing products for exports but as they start making more and more products for themselves they then can offer more than just a low price. A brand is not created by only using a low price advantage. The consumer who bases his purchasing decision only on the price is generally not loyal to the brand and most of the time does not even know the brand name.

The Road Ahead

Chinese companies have become successful by entering less developed markets first which helps gain brand awareness before entering mature markets. This allows companies to understand the international market in a less competitive environment and comprehend how their brand is perceived in different countries. Yin Tongyao, CEO of Chery, is very vigilant when going overseas. Tongyao’s philosophy is “We always start small. If this works, we’ll increase our investment. You always need a nurturing period if you want to take root in a local market, so I don’t expect exceptional sales in any country.” Building a brand is a very expensive and time consuming endeavor but it is vital for Chinese companies to invest.

The 2008 Beijing Olympics has been the opportunity for Chinese company’s to showcase their brands. For Instance, Beijing Urban Construction Group hopes for their 19 Olympic related facilities to have gained worldwide publicity causing foreign companies to come to them for new contracts.

Tsingtao has been the official domestic beer sponsor of the Olympics. This opportunity has gained Tsingtao tremendous awareness internationally but only time will tell if this will be enough for them to gain a stronger market share internationally. As Tsingtao’s brand campaign is heavily associated with Chinese culture they have planned that while watching the Olympics a bottle of Tsingtao was to be in hand. The Olympics have also marked their one hundred year old anniversary – lucky coincidence to make them able to display to the world their strong Chinese heritage and associate the brand with the Olympics values.

In the increasingly competitive global economy the role of the brand has never been greater. Chinese brands are learning how to position themselves internationally. By looking at Tsingtao, Chery, Haier, and the Beijing Urban Construction Group we see that these companies are successful by ensuring that their products sent overseas are of highest quality, starting small when entering markets overseas, creating brand designs that translate well over many different countries, and using their Chinese heritage in their brands image. It is no doubt that it will take Chinese companies time to gain brand recognition but by continuously managing and creating brands that are strongly differentiated, Chinese companies have a real good shot to become major players in the international market.

Corporate branding – its presence and importance

Corporate branding – its presence and importance. Key notes to bear in mind.

The keeping of an organisations promise can lead to corporate brand equity; this is when consumers hold favourable,Guest Posting strong, and unique associations about the corporate brand in memory (Keller 1993). There are many advantages of corporate branding as corporate brands represent the class and well known by every body, for example once David Beckham said, “I can’t even imagine using any nothing else then Adidas”. Though he is the contracted model for Adidas but at the same time it reflects that Adidas as luxurious and expensive item and also a status symbol. This made sports people with money buy that item. Rolex watches can also be an example for this, Rolex are known as the watches for high-class people. This makes people with money buy the Rolex watches to show the class. This is the brand equity of Adidas and Rolex.

Brand equity can be transferred to other products as well. This can be seen in the case of VW buying the Skoda. Before VW took over Skoda’s sales were declining but in recent years Skoda has improved and its sales has gone up as well due VW’s transferred its brand equity to Skoda. G.M motors have also bought different corporate brands such as Daewoo and Volvo and have transferred the brand equity to them brands.

This does not stop here there are so many other benefits an organistaion can have by having a corporate brand. Newman (2001) suggests that success rate of a new product or service can increase by twenty percent if it has a corporate brand behind it. Also costs could be reduced when launching the product or service than if it did not have a corporate brand supporting it.

This is due to the trust and credibility build by the organisations. Consumers prefer to stay with the organisation they have dealt with before. When Mercedes build the 4*4 people have bought the vehicles even though it was the first time Mercedes has launched a 4*4 vehicle. Mercedes has achieved this through due to the string branding and consumer trust on them.

Corporate brand has a longer life as compare to other resources with in the company. For example Coca Cola the brand is much older then the plants and location used to make it. It is also older then the human resources those make the product. Grant (1991) stated that the corporate brand tends to decay slowly, and strong corporate brands can decrease the competition in the market. Products have shorter lifecycle so corporate brands are preferred over just product brand.

A corporate brand is an intangible asset so it is difficult to copy as it is not a product from a production line. Corporate brand represents a logo or a slogan that is protected by laws, which are in place. Slogans or logos are more secure then the product it self as it is easy to copy a product but it is nearly impossible to copy a logo.

Corporate brand helps achieving the economies of scope, which means it is less costly for a firm to produce two separate products than for two specialized firms to produce them separately. For example Nike has a slogan of “Just Do It” across the globe and through its advertising Nike can promote its different products and services.

Due to advancement in technology and in communication world is becoming a small community. Consumers are more knowledgeable then ever. Globalisation is common between all the big organisations. Corporate brand is important for the globalise organisations to show that their core value is same wherever the product is.

Corporate branding is also very useful when organisations want to enter into a new market. This can be seen when Samsung entered into mobile communication market, Samsung did not have much experience in mobile market but their recent mobile model Samsung D500 has outclassed Nokia and Motorola’s models. This is gain mainly through innovation but brand equity played its part as well. Samsung is brand which consumers can trust and is known for a time.

According to Balmer (2001) a corporate brand is seen as a rare entity due to brands unique pattern of development. Companies with corporate brands have competitive advantages over those that do not have corporate brand. The brand name, logo plays a vital role in awareness and it also provides the peace of mind to customers. Olins (2001) classed Manchester United and British Airways as organisations with corporate brands. Reason that these organisations have corporate brands is because that’s how they presented their brands through marketing such as T.V advertising, Billboards and other marketing campaigns. These companies have spend millions of pounds on advertising to have a corporate brand, as organsiations with corporate brand believes that this will give them a competitive advantage. It can be stated by considering Olins statement that corporate brand is important for the organisations.

Davis suggests corporate brands are not required by some companies, for example those that may have a portfolio of brands such as Unilever and Proctor and Gamble, tends to use the branding of products rather than implementing a corporate brand. This issue of importance of having a corporate brand has not been taken by these major organisations in past for example surf is a product by Unilever. Unilever’s general emphasis is on product branding as compare to one corporate brand. But the importance of a corporate brand has been explored on these big companies.