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Louris Fenny

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Precious metal investment has long been popular globally. It allows investors to enjoy a high liquidity level and dodge inflation. It also comes with no credit risk and lets you diversify your portfolio. But while most people consider gold and silver as suitable metal investments, you may also think about putting your money into other choices. Platinum can be an excellent option for precious metal investment in 2022 and beyond.

The popularity of this shiny white metal has become more rampant over the past years. It is because it has a higher boiling point than the other metals. However, if you are still wondering if putting your money on this type of metal is worth every cent, these details will prove the value of this investment. Make sure you have enough precious metals advice before taking the big step on investing your money.

What is Platinum?

Most people can distinguish this metal as a gleaming white material. However, it is heavier, stronger, and denser than white gold. It is also rarer and purer than gold.

Many jewellers also prefer this metal over the other options due to its durability and malleability. They can mould or press it into any shape without the risk of breaking or cracking. It is also shinier and more elegant than other metals.

Why Invest in this Metal?

Putting your money into this precious metal allows you to have a unique investment opportunity. Some of the things you will enjoy if you include it in your investment portfolio includes:

  • Low-risk entry for beginner investors who are unsure about what to get for their first venture
  • Minimal correlation to the action of traditional assets and survives well during instances of economic recovery
  • Broad range of uses in various technologies

Unexpected Uses of this Metal

The Royal Society of Chemistry mentioned that while this precious metal is popularly used for jewellery-making, its primary purpose is to create vehicles’ catalytic converters. However, there are other uses for this metal group that you may have never considered before.

Some of the most uncommon uses of Platinum include:

  • Helps Treat Cancer – In chemical forms, this metal can delay or diminish the division of existing cancer cells. It is also used in numerous drugs for treating cancer.
  • Makes Vehicle Safer – Silicones cured with this metal are used to cover and secure airbags from their triggering systems. It allows the airbags to stay stable for a long time without the risk of deterioration.
  • Boosts Personal Hygiene – There are numerous personal care products like shampoos, lipsticks, and even contact lenses created using the chemical form of this metal. It can also make medical elastomers that help heal wounds rapidly.
  • Keeps the Body Warm – The catalysts of this metal can create petrochemical feedstocks. It is the most common raw material needed to develop synthetic rubber, plastics, and polyester fibres to manufacture blankets and clothes.

What are the Best Ways to Invest in this Metal?

The ideal way to put your money into precious metals is to purchase them outright and get your hands on their physical form. Some of your options include buying platinum jewellery pieces, platinum bars, platinum bullion, and bullion coins.

It is also best to put your money on exchange-traded funds (ETFs) through traders with a trustworthy reputation in holding precious metals. You may also seek help from experienced investors who have a vast knowledge of the precious metals industry.

Investing in precious metals will help secure your investment portfolio. You only need to look for reputable sources where you can put your money to avoid the risk of losing your hard-earned funds.

The International Organization for Standardization (ISO) is an independent group that has developed over 22,000 standards today. Moreover, there are only three main types of these and one of which is ISO 14001:2015 or the standard for Environmental Management Systems (EMS).

This standard provides guidelines and a solid framework for creating your company’s successful EMS. However, an ISO 14001 certification is voluntary, yet more organizations are now including it in their systems. As a result, there was an 11.5% or 36,000 increase in the total number of valid ISO 14001 certificates from 2019 to 2020.

The Benefits

The ISO 14001 standard has specific requirements designed for businesses to diminish their ecological footprint and thus their negative impact on the environment.

Construction and manufacturing companies will greatly benefit from better waste management and more significant resource lower-cost strategies. Similarly, small and medium enterprises (SMEs) and service industries can also be given an advantage and show their environmental commitment to using natural resources more efficiently.

●       Improves Environmental Impact

An audit of your company’s environmental efforts and impacts will determine which areas the ISO standard can specifically help you.

Depending on your needs, the standard can provide you with guidelines on streamlining environmental processes to reduce pollution and waste from your business operations. It reduces resource costs and promotes more efficient material use that can reduce the carbon footprint and mitigate climate impact.

Addressing all current and foreboding environmental issues will guarantee you an iso 14001 certification.

●       Reduces Costs

As mentioned above, improving your operational techniques can help save your company more money in the long run. New energy-efficient machines and a clean, modern working environment mean better and healthier working experiences. Your enterprise then prevents liability costs from the reduced accident risk.

In addition, your business can procure insurance at lower costs as you show your commitment to being eco-friendly and sustainable. The reduced energy bill and consumption and less water, material, and other resource input will also continually improve your environmental impact over time.

●       Demonstrates Compliance

The certificate keeps your company in line with the regulatory and statutory laws and requirements. The guidelines don’t stop working once your business has acquired the certification. Thus, it is an ongoing task to implement the framework to prevent breaches and complications.

Most importantly, a negatively-seen company in the public eyes will not gain the favour and trust of consumers, especially an environmental advocate.

●       Opens Up New Opportunities

Today, investors and stakeholders are similar to customers in prioritizing environment-conscious and trustworthy brands. Thus, demonstrating and establishing your environmental efforts and positive impact is crucial to acquiring sales and investments.

Furthermore, obtaining and maintaining the ISO certification builds your credibility that existing customers would choose to be loyal to and even recruit more allies. In addition, most organisations now prefer to work with ISO 14001-certified companies even if they haven’t worked with a company like yours before or they only know little of your brand.

The Maintenance

Getting an ISO 14001 certificate is a feat in itself. Thus, maintaining it is crucial for your image and better environmental impact.

Your company must have a clear-defined list of EMS-skilled and trained leaders and employees. These individuals must allocate roles and responsibilities to make your environmental efforts successful. In addition, every non-compliance, comment, and recommendation must be revisited and repaired.

Addressing all minor and significant concerns will be essential in maintaining your status as the ISO conducts regular audits and follow-ups.

It delivers information services to give you a more assertive security posture, insulate your enterprise against threats, and reinforce your cyber defences. In addition, cyber security services assist organisations in analysing and managing their cyber risks.

Hackers’ strategies evolve every day, and organisations must keep up. In addition, many cyber security services offer tremendous monetary and non-monetary value to an organisation. Therefore, organisations must be aware of the most up-to-date tactics to defend against growing risks.

Cyber security solutions that your business needs to prevent cyber attacks include

Perimeter Security

The perimeter security solution is the first form of cyber security your company should have. This type of solution acts as a firewall between your network and the Internet. Moreover, these technologies increase the number of solutions and services to maintain security.

When there are many connections, a single piece of malware can infiltrate and spread throughout the network. To combat such threats, you’ll need to set up a perimeter security structure that protects critical data, apps, and services.

Intranet Security

Intranet security solutions are a sort of cyber security servicessolution. Protecting individual devices and PCs against malware infiltrating your local network is essential for cyber security.

Human Security

Many computer users feel that the only dangers they should be concerned about are creative hackers and software attacks. However, human errors such as using weak passwords, connecting to insecure networks, and responding to spam emails account for 23% of all security breaches.

Tips For Increasing Human Security Within Organisations:

Employee Training

Staff should receive thorough security awareness training to protect themselves and your company from various dangers. You can either host training sessions in-house or hire a third party to help you train your personnel.

Teach your staff about the capabilities of each type of malware so that they are aware of the warning signs if their device is infected, as well as the need for a strong password and correct password-setting practices. You should also require your employees to use unique passwords for various applications. Even if a hacker obtains a password, they will not be able to access all of the programs on your network.

Security Testing

Conduct security testing to confirm that your staff have received all of your required information. Security testing is a great way to reinforce the security procedures you want your personnel to follow. According to some research, security testing has helped certain businesses lower their sensitivity to threats by 20%.

What is Incident Response (IR), and why does your business need one?

Even the most sophisticated security infrastructure will not be able to prevent all invasions or harmful activities. However, you must be prepared to respond effectively if a security event occurs. It all comes down to how quickly your firm recognises, analyses, and responds to an occurrence.

It’s never been more critical to keep your network stable, reliable, and secure than it is now.

Computers, tablets, phones, and other devices that manage all of the demands from databases, email clients, programs, and other sources can cause issues and areas of vulnerability. It’s critical to have confidence that your company’s IT infrastructure is secure and monitored around the clock.

Your company cannot protect itself against data breach campaigns without cyber security services, making it an easy target for thieves.

Many businesses are forced to follow compliance rules, requiring extra degrees of data security to avoid catastrophic data loss and hefty fines.

One of the most intimidating tasks for everyone is buying a home. There are too many processes involved, and even a single mistake at any point can have grave consequences. However, this process becomes a lot streamlined when you have the assistance of a real estate agent. But as a home buyer, you also need to look into a buyer’s agent. These professionals facilitate real estate buyers to understand the nuances of the market. As a result, they allow them to bring in more cost and time efficiency. You can find buyers agents who can look out for properties that align with the parameters of the home buyer. They also negotiate the process of buying the house. This agent can also find an entire portfolio as per the particular requirements of home buyers.

The Major Tasks of a Buyer’s Agent

These professionals guide their customers through every stage of their home purchasing journey. Their principal duties include the following:

  • Searching for suitable properties – The agent inquires about the ideal home from the home buyer. They use their likes and dislikes to find appropriate listings.
  • Schedule a time for buyers to explore the house – After finding listings, they schedule showings for their clients. They also work with the listing agents in this process.
  • Resolves queries of the home buyer – When home buyers take a tour of the property, the agent accompanies them. They not only give their views about the house but also respond to any doubts that the home buyers may have. This professional will also ask such questions to the SSBO seller about the home, whose answers trigger major insights in home buyers about the property.
  • Price consultation – When home buyers decide to invest in a property, the agent inquires the listing agent about its disclosure. It means any potential issue that needs to be revealed to the home buyer. After that, the agent carries out a market assessment and finds an appropriate offering price for the property as per similar properties that home buyers have purchased in that area.

The Process to Locate a Buyer’s Agent for Yourself

Everyone wants their homeownership process to be a smooth one. A buyer’s agent can contribute immensely to this process. Choosing a good agent can make or break your home buying process. That’s why you need to select one with careful consideration. Some things that you can ask the agent to gauge whether they are suitable for you include the following:

  • Inquire about their availability. An agent who is already involved in various other projects will not be able to devote much time to you.
  • Find whether they specialise in the places you want to reside in. For it, ask them about the areas they specialise in.
  • It’s also a good idea to know about their experience. Only an experienced agent can give you quality advice.
  • Ask them about their charges. Buyers agents who bid for you generally carry lower fees. It’s because a lesser amount of price is involved in this process. If you wish to get a full-fledged service that includes research and negotiation of a property, you’ll have to pay a part of the buying cost of the property.

It takesconsiderable energy and time to locate the appropriate place. Most buyers spend innumerable hours trawling sites. A buyer’s agent can add value, especially if you are buying a home for the first time and are investing in an unknown area.

The pandemic might have put a halt to a lot of things, but it didn’t put a damper on the demand for new housing. The rate of residential new construction was up 22 percent in February 2022 compared to the previous year. With demand like this, it’s only natural that you’d want to put your construction skills to work by starting a construction company.

Working in construction and running your own construction business are two different things, though. How do you get a construction business off the ground? Read on to find out!

Research the Construction Industry

Your first step is to determine what’s going on in the construction industry in your area.

This helps you determine if starting a construction company is possible in the area you’re thinking of starting it. We know that there is a lot of demand for new residential housing, but if your area is already saturated with established home builders, you might not be able to effectively enter the marketplace.

Construction industry research also lets you know who your potential competitors are, which helps you drum up ideas to improve upon their services. You’ll also have a better idea of how much to charge.

Finally, do some research on your potential customers. What is their potential age? What interests do they have that you can use to improve your services?

Create a Business Plan

Once you know all about your local market, it’s time to start drafting your business plan. Your business plan helps you stay organized as you get your business off the ground. It is also what you’ll present to lenders when you look for funding, so it’s important that you take your time to craft a polished plan.

Solid business plans include information about the business structure and management, the services you plan on offering, and the jobs you plan on bidding on. You’ll also want to include information about potential costs to start and maintain the business, how many employees you’ll hire, and how much you expect to make at the end of your first year.

Register Your Business

Once you have your business plan ready, it’s time to register your business in your state. Create a name for the business and determine which form you’d like to use to incorporate. You also need to register for a federal tax ID and Employer Identification Number (EIN).

Check If You Need Licenses and Permits

Every state and county is different and has different requirements for businesses. For this reason, it’s important for you to make sure that you obtain any required licenses and permits before you start operating. This includes licenses for anyone who you expect to work as a general contractor.

Most states require that general contractors obtain a license in order to work on projects over a certain dollar amount. Some states have complex licensing requirements, like California. California requires general contractors to have at least one of three different licenses depending on the work they’re doing.

On the other hand, Connecticut doesn’t require general contractors to have a license. Be sure to review all the requirements to make sure you’re in compliance. If you aren’t sure what you need to do, speak with an attorney to make sure everything is in order.

Get Insurance

If you’ve spent time working in construction, then you know that it’s a risky business with tons of liabilities. For this reason, it’s critical that you obtain high-quality insurance to make sure you’re covered in the event of accidents or injuries. Look into general liability, professional liability, builder’s risk, and auto insurance.

Look for Funding for Construction Businesses

To get started on your first job, you’ll need employees and tools at a minimum. Unless you’re able to self-fund your business, you’ll need to find a funding source to help you get everything you need to start working.

The most common sources of funding include bank and government loans, as well as funding from credit unions and government programs. You can also ask customers for some portion of the money upfront to help secure the tools and materials you’ll need to complete the job. Once the job is complete, they can pay off what they owe.

Hire Construction Contractors and Employees

Unlike many new businesses, construction businesses require the help of employees to get the job done. This means you need to look for people to fill the roles of a construction contractor, construction estimator, and more.

Make sure to do some research on what the going salaries are for the roles you need to fill so you can attract the top talent. It’s also important to offer some form of benefits to enhance the attractiveness of your business. The more you can offer upfront, the better your applicants.

Start Marketing Your Business

You have everything you need to get your business going, now you just need customers. The best way to do that is through marketing!

Create a website for your business and build a social media presence. Consider some local social media ad campaigns to capture the attention of potential clients. You can also build a blog on your website and utilize the power of SEO to bring new customers in.

Once customers start inquiring, don’t forget to hone your customer service skills to keep them happy!

Are You Planning on Starting a Construction Company? 

Starting a construction company is a great way to build a thriving business in today’s economy. Sure, it’s more complicated than starting a simpler business with fewer risks, but there’s also more payoff once you get going. With a little research and hard work, you’ll be on your way to building a business that can sustain you throughout the rest of your career!

Starting your own business isn’t easy, and you’re bound to need some help along the way. That’s what we’re here for. Check out the rest of our blog to stay up to date on the latest business news!