September 2021


It always feels great when the finances are organized and under control. It makes one more stable and confident when one has finances properly managed. It may not be possible when you do it on your own because you have various responsibilities to take care of. Hiring a financial advisor such as Opes Ireland can be the best bet if you don’t have enough time to plan your finances and achieve the desired goals. You will be able to feel balanced financially and mentally when you are backed by a professional. At the time of hiring one of the best financial planners, you must keep below mentioned key points in mind:

Determining the need of a financial planner

Before hiring a financial planner, it is strongly recommended to know what actually you want to achieve. You should know if you really need an advisor. If you are looking for someone who can guide you better in the case of retirement plans, insurances, mortgages, savings, financial portfolios and other matters in which there is a need for in-depth analysis and research. You might not be able to know everything about what is happening in the financial sector. Before hiring a professional, you should know if you need an expert’s opinions for your personal finances.

Know different types of professionals

There are different types of professionals working in financial sectors such as Chartered accountants, financial planners, brokers and advisors. CA mostly works in a company and helps you with filing the tax. Brokers help in setting up trading accounts and even work on these accounts on your behalf.  Financial planners and advisors closely monitor the finances of an individual and, they can advise on financial investments based on that analysis. The planners even create the financial goals and actions to achieve those goals. Before hiring any expert, you should know who the best match for your financial needs is.

Look around for some options

When you have researched the basics of financial planning and professionals, it is time to look around and create a list of reputed ones. One of the best ways to do this is to search online because most of them give out their contact details through their official websites. Moreover, it will also save a lot of your precious time. It is also a good idea to get in touch with your family and friends. They can suggest to you some names and you can choose the best one as per your needs.

Check the background of a professional 

Once you have chosen a few of these professionals, the next step is to research properly about the background based on experience, qualifications and skills. This is the best way to compare all of them with one another. You can also check the companies with which they have worked. This way, you can figure out the expertise and skills of financial planners. Based on your preferences, you will be able to find the best one who can suggest to you the latest products in the financial sector.

Meet a professional in person

Before hiring anyone, you will have to meet him in person. You have to schedule an appointment to discuss your finances. This way, you can also make out how he works and what his areas of expertise are. It is suggested to ask him a number of questions so that you can make up your mind to hire a financial advisor.

By keeping in mind the above-mentioned tips, you will be able to appoint a financial advisor who will mend your financial status and make it healthier. 

Do you think the process is as necessary as the result? If you don’t, you should. Using quality materials can significantly affect the outcome of your product. Your products’ quality can also affect how your business might turn out. 

With this in mind, the manufacturing industry is the backbone of every material there is. Therefore, it is an industry that is leading today’s innovations. Some people don’t see the importance of this industry, but without it, you would not have the things you have now. 

Here are ten reasons why using high-quality materials in manufacturing can benefit you:

1. Reduced Production Cost

You’d be surprised how production costs are incredibly reduced by using good-quality materials. Checking the quality of the materials allows you to see which products would be inferior. This reduces wasted output and production costs.

2. Improves Customer Satisfaction 

Happy customers result in a successful business. They say that customers are almost always right. Using quality materials will naturally produce quality products that will leave customers smiling.

When your company consistently provides high-quality products and services to customers, you can establish a benchmark for customer satisfaction across the manufacturing industry.  In exchange, you will gain consumer trust, which will enable your business to advance.

More closely linked than many businesses is the connection between reliability and your company image. When your products fail to meet the high-quality criteria that you have guaranteed, people will spread the word about it on social networking sites, review sites like Yelp, discussion boards, and through word of mouth among their peers.

3. Saves Time

While it takes time to get the suitable materials, the results are worth it. It takes even more time to fix the errors in the future. It has always been said that prevention seems to be better than cure. 

4. Long-term Profits

Using quality products can provide long-term profits in many ways. One of them is through the reduction of wasted materials and time. Another reason involves the business being more competitive in the market. These advantages will make your business successful in the long run.

5. Improves Your Reputation

The better the quality of materials used, the better the products will be. This creates a butterfly effect. Customers will naturally be crawling towards your business

It’s no mystery that your clients are conversing about your business on the internet. What they suggest about you can turn you into a good business owner or a bad one. It doesn’t take much time for a client encounter to become a big news story on social media in today’s hyper-connected world. It only takes a single negative client encounter to delegitimize your client satisfaction approach. Your company’s credibility is everything you have. 

6. Consistent Results

Consistency is essential in a business. If you cannot provide the best products on the market, being consistent with the quality of materials and products can still boost your business. This provides people with information about how you are maintaining the standards of your company.

The ability to maintain consistency in business fosters integrity and leads to better performance. In difficult times, reliability is essential, especially when people seek clarity and solace from those around them. The quality of your goods will outline your company’s objectives, direction, targets, and approaches for accomplishing your business goals.

7. Quality Products

This one is obvious. Materials that have the best quality leave no room for doubt. The better the process is, the better the output will be. For example, when you are in the construction business, you need to find a trusted steel supplier. Otherwise, it can compromise your work and your reputation. 

8. Improves Employee Morale

Establishing your standards on the quality of materials used can improve your employees’ morale. The quality assurance will extend to their faith in the employer. This, in turn, boosts their confidence in their work.

9. Strengthens the Business Foundation

Using quality materials establishes a standard that needs to be met. Prioritizing the best quality materials and products sets the tone for your business. This can be an essential part of standing out among your competitors.

10. Fixed Prices

Quality material control can provide uniform products of the same quality. The price of this product will remain consistent and fixed in the market. With little room for errors, this can become an essential part of your business.

Manufacturing products can be tedious and complex. It’s a long process, but it will take longer if you cut corners and do not do it properly. It is said that it takes guts and brains to run businesses. You really can’t do anything halfheartedly. High-quality materials will result in better products and happier customers. This is the secret to success that often gets overlooked by most people.

Meta title:The Importance of Quality Management in a Manufacturing Business
meta desc: Quality means a lot in business. It can make or break a company and affect its reputation. Here are some reasons quality is vital in the manufacturing business.

We always learn a ton about how leaders are thinking about challenges, and their approaches are to address these headwinds through our executive coaching and consulting work at The ExCo Group, and our multiple interview series with senior leaders. In today’s increasingly complex and remote world, here are a few ideas that stuck with us. 

How do you build Culture in a WFH environment?

Driving cultural transformation in a work-from-home environment can be especially challenging. The Journal of People+Strategy had an insightful Q&A with Satya Nadella, CEO of Microsoft. Here are a couple of highlights:

“How do we maintain the social capital that comes from being together in the workplace? While we are building some new forms of social capital, we’re also burning some of the social capital we’ve built over time, and we will need to replenish that.”  

Add this the endless list of leadership challenges: How do you build culture and cohesiveness when so many people are working remotely?

On resetting Microsoft’s mission: “We asked ourselves, ‘what would be lost if Microsoft just disappeared?’ We had to answer for ourselves, ‘what is the company about? Why do we exist?’”

Satya’s “what would be lost” provocation is useful for any organization as that it grounds the discussion about mission and purpose in concrete terms, rather than the too-lofty and vague statements that many companies adopt.

What are the critical qualities to lead through uncertainty? 

One of the biggest challenges facing boards and leaders right now is planning. Margaret Heffernan, best-selling author and Ted talk star, has an incredibly timely book out called, “Uncharted: How to Navigate the Future.” In an issue of People+Strategy, she elaborated on themes of the book that included this powerful reminder of what will set the best companies and leaders apart in this new environment. 

“Those who rise to the leadership challenge will be outstanding convenors, better chosen for their skepticism and curiosity than their confidence. They may be more similar to artists than engineers. Collecting voices, structuring exploration, keen listening and synthesizing success and failure will be the focus of their work. They need to be excellent interrogators of the ecosystems in which they reside, aware of where they fit and the impact of their decisions on others. Being able to reconcile opposites—efficiency and robustness, complicated and complex—is a hallmark of their adaptive minds. Successful leaders will have to hold the tension between urgency and integrity, to stiffen resolve for what is confusing, frustrating and frightening and to resist simplifying what is innately complex. They cannot be expected to deliver reliable perfection, but they can and should be held to account for decisions that can be explained and understood.”

We will be hosting a live webcast with Heffernan on September 29th at 5pm ET. Be sure to check out the event and register.

Are you looking for opportunities?

The challenge of long-term planning has come up as a running theme in many of our interviews. For our directors series, we spoke with Eric Spiegel, the former CEO of Siemens USA about his extensive experience on private and public boards. He shared this perspective about not responding to uncertainty with broad-brush actions. 

“The pandemic has hit different businesses disproportionately. Some of them are doing great and are ahead of plan. Others have ground to a halt. They may be cutting costs and laying people off, but you want to make sure the cuts don’t go too deep because there is an investment in the business that has to be protected. It really requires understanding things at a greater level of detail in each division rather than looking at the overall average of the company’s performance. 

You also have to make sure you’re looking at opportunities, and not just firefighting, because all this disruption has created a lot of opportunities, both for organic growth and also for potential acquisitions. You can get so hunkered down and shortsighted that you miss how part of the industry is changing and creating opportunities to improve your position.”

Finally, in these uncertain times, don’t be afraid to ask for help. Leadership coaching can help accelerate performance against your organization’s strategy today, and prepare them to deliver on tomorrow’s.

This article was contributed by The ExCo Group, an executive coaching and leadership development firm comprised of experienced former CEOs, independent directors, and global business leaders.

An experienced trader can choose from various strategies depending on their outlook objectives and risk tolerance. A range trading strategy is one of them. In this method, you buy and sell equities tactically over a short period.

You should thoroughly understand the risks and limitations of range trading before you attempt it. Then, plan out your strategy regarding the constraints it faces about your overall portfolio while identifying your trading goals. In this article, we have given you details on how to use range trading to attain benefits.

What is range trading?

Range trading strategy is an active investment strategy where the investor identifies a price to buy and sell over a short period. In this case, if a share starts at $55 and you believe it will rise to $60 over the next few weeks, then it’ll fluctuate between $55 and $40. Thus, it is possible to trade it by buying at $55 and selling at $60 if the value rises. If the market trades within this band for an extended period, you would repeat this process until you think it will cease to do so.
Possible ways to set up a range of trade

It may be appropriate to consider placing a buy order near a price level you have identified as a support level if you have identified a price-bound trade. A trade should be completed near a resistance price level that you have identified as a price level of resistance. You can locate your critical resistance and support levels by viewing a moving average or looking at some other price level you have identified as significant.

If you want to sell a stock at a price that is some percentage below the price you bought for (assuming you purchased it at your desired price), you may want to place a stop-limit order. You would like to determine whether or not the market is moving based on your strategy and a time frame aligned with it if you fully understand the risks of short-term investments.

Range-trade strategies might be used when the stock is trading in a range (for example, if the stock or other investment is trading in a degree). However, if it seems that the stock or additional investment is trending in one direction, then a momentum-based financial strategy is likely to be ineffective.

When trading ranges, how does volume come into play?

This type of transaction relies heavily on volume. Therefore, using volume trends to confirm patterns can often prove helpful in deciding whether this type of investment is right for you. To verify any movement, a trend-confirming volume increase is required. However, most technical analysts think that volume precedes price.

Limitations of range trading

A major significant risk that comes up with the mentioned investment strategy is that it requires precise timing, which is essential because a stock or other investments might oscillate between two prices for a specific period. Therefore, whenever you engage in this type of investing strategy, you risk losing money if the stock price doesn’t move in the direction you expect.

Bottom line

Range investors can benefit from regular periods when markets don’t trend. Traders can use directional trading to trade on any market, which means there are no restrictions on when they can sell. Once a particular pattern is defined, the entry and exit points are clearly defined, making it easier for the trader to invest and stop losses. In addition, the risk of a price falling dramatically on the news is reduced significantly in trend trading since smaller profits are chased over shorter time frames.

No doubt that this world is filled with countless uncertainties, and we all are in need to be certain about the protection of our loved ones. You can protect your loved ones by securing life insurance. This policy is basically a legal contract between a life insurance company and you. There are a lot of reasons why you need to invest in life insurance. And if you are also interested in investing in this policy, you need to get life cover quotes first from different companies.

Since these policies are used widely, and people are getting more and more aware of the benefits of these policies, you must investigate these policies and plans and get to know which is the best plan for you. This guide is mainly designed for all those who are looking for life cover policies and want to know how to find the best insurance plan for themselves:

Assess your life insurance goals:

It might be possible that your aim of securing a life insurance policy is different from others. It varies from person to person. Therefore, it is important to plan your life cover goals with the help of the best and ideal insurance policy.

If your main aim of securing a life insurance policy is to provide optimal protection to your family, then you should find an insurance plan that must include high coverage at reasonable rates.

Moreover, if you are planning to buy a home for yourself or want to secure money for your children’s education, then you should go for unit-linked insurance plans.

Calculate the cover that you need:

It is highly recommended by the majority of financial advisors that your insurance cover should be ten times your annual income. But there are many other factors that must be taken into consideration while calculating the cover amount.

For example, if you have debts, then it will be challenging for your family to meet EMIs in your absence. The same case goes when you need to secure a policy for your children’s education or marriages, and as a result of inflation, your loved ones will not be able to maintain their lifestyle and face difficulties. Therefore, you must take care of these things:

·         You should find the total of your family’s annual expenses and then multiply it by the number of income replacement years

·         You should calculate the total amount of your debts and the complete estimation of repaying mortgages

·         And you should also total the amount of money that you need to save for your future expenses

In all these expenses, you should eliminate the total of your liquid assets to find the most suitable life insurance cover.

Determine the amount you have to pay:

There are a lot of premium calculators available on the internet that allow you to calculate and make sure how much premium you have to pay in order to secure a life insurance amount. It is highly suggested to compare different plans in order to find out the best policy in which high coverage is included at reasonable rates.

Choose the correct policy term:

The policy term is the number of all those years in which your entire family will be financially dependent on you. In order to find the correct policy term, you should deduct your current age from the expected age at which you want to stop your income and achieve your life goal.

Choose a reputable life insurance company:

A life insurance company is considered reputable and reliable that has a CSR of over 95% for consecutive years. It is basically the claim percentage that the company decided for a financial year as opposed to the number of claims placed.

In order to get the best and ideal life cover quotes, you should visit different life insurance company’s websites or meet them in person. Mostly, these quotes are free, and there are no charges on them.