News

Sam Altman, the founder of ChatGPT-maker OpenAI, is poised to receive more than $10bn (£7.5bn) as the company prepares to abandon its long-standing non-profit status.

OpenAI is considering granting Altman a 7% stake as it raises funds at a valuation of around $150bn.

This move would make Altman’s stake worth approximately $10.5bn. OpenAI, originally founded as a non-profit in 2015 by Altman and other tech executives, including Elon Musk, aimed to make its technology “open source.” However, with growing commercial interest, especially from tech giants like Microsoft, the company has shifted towards a for-profit model, albeit still controlled by a non-profit parent.

As OpenAI seeks to raise significant funding to advance its AI systems, the company is considering becoming a public benefit corporation, which would allow it to generate profits while remaining focused on societal benefits. Altman, already a billionaire through investments in companies such as Stripe and Reddit, would see his net worth increase dramatically with the stake.

Elon Musk, who left OpenAI in 2018 following disputes with Altman and other executives, criticised the shift, stating on X: “You can’t just convert a non-profit into a for-profit. That is illegal.”

The potential changes at OpenAI come amid leadership turbulence, with several high-profile resignations, including Mira Murati, the company’s chief technology officer, and Ilya Sutskever, its chief scientist and co-founder. In a message to staff, Altman acknowledged the sudden nature of the leadership changes, calling them a “natural part of companies, especially those that grow quickly.”

OpenAI remains committed to its mission of building AI that benefits everyone, and despite the changes, the non-profit arm of the organisation will continue to exist.

Read more:
ChatGPT inventor set to receive $10bn as OpenAI shifts from non-profit status

Companies House has implemented a new regime of penalties aimed at improving compliance and transparency in the UK’s company register, with a focus on cracking down on misuse and economic crime.

Registered companies are being urged to meet their legal obligations, such as timely filing of confirmation statements, to avoid facing financial penalties or more severe consequences.

The new powers, granted under the Economic Crime and Corporate Transparency Act 2023, allow Companies House to take civil action, disqualify directors, and even pursue criminal prosecution in serious cases of non-compliance. Directors found guilty of offences could face criminal records. Companies House will collaborate with the Insolvency Service and other enforcement partners to share intelligence and take joint enforcement action when appropriate.

Martin Swain, Director of Intelligence and Law Enforcement Liaison at Companies House, emphasized that while the agency will support businesses in meeting their obligations, it won’t hesitate to use its new powers when necessary. He said, “These new penalties mark a significant step forward for Companies House… to firmly, but fairly, enforce the law.”

The new penalties are part of a broader effort to improve corporate transparency and combat economic crime, strengthening the integrity of data on the UK’s company register.

Read more:
Companies House introduces new penalties to boost compliance and corporate transparency

A sharp increase in creditors’ voluntary liquidations (CVLs) has raised alarms about potential abuse of the process, allowing companies to shed debts with minimal scrutiny.

CVLs, where a company’s shareholders agree to wind up the business due to insolvency, have reached record levels, making them the most common form of corporate insolvency in the UK.

Data obtained through a freedom of information request revealed that the ratio of CVLs to compulsory liquidations, a court-ordered process, has surged dramatically. While the ratio stood at roughly 2:1 before 2012, it reached 25:1 by 2021. Last year, one in every 272 UK businesses entered voluntary liquidation, prompting calls for tougher regulations.

Stephen Hunt, a partner at insolvency firm Griffins, attributed the rise partly to reduced costs driven by technology but warned of misuse. “CVLs are often sold by unqualified salespeople to unsophisticated clients seeking cheap liquidation,” he said. Hunt also highlighted that the higher cost of compulsory liquidation, which is managed by the Official Receiver, has contributed to the increase in CVLs, as the latter is seen as a more affordable option.

Fixed fees introduced in 2016 have made many insolvencies financially unviable for practitioners to investigate, raising concerns that significant tax and creditor debts are being written off without proper examination. Hunt urged the government to reintroduce percentage-based fees to ensure better scrutiny of liquidation cases.

Nicky Fisher, past president of R3, the UK’s insolvency trade body, noted that winding up a company via the courts has become more costly, with creditors often reluctant to commit funds when recovery prospects are slim. CVLs, being faster and cheaper for shareholders, have therefore become the preferred option, especially in challenging post-pandemic trading conditions.

Read more:
Surge in voluntary liquidations sparks abuse of process concerns

Managing property and housing can feel like wading through quicksand. Setting up invoices, sending receipts, and creating financial reports manually can take up a lot of your time and energy.

This often leads to burnout, taking your focus away from tracking every last penny. That’s where property management software swoops in to save the day.

For estate agents with big portfolios, the challenges are real:

Market ups and downs
Fierce competition
Juggling time
Meeting sky-high client expectations
Staying on top of finances

What you need is a tool that does the heavy lifting—automating the boring, repetitive work so you can keep your eye on bigger things. In this article, we’ll get into what makes Property Software stand out and how it can fit your business like a glove.

Main Focus for Estate Agents When Picking Property Management Software

When real estate owners are on the hunt for property management software, they’re looking for more than just basic features. They want a powerful tool that can:

Track tenant details, manage lease agreements, and send renewal alerts without missing a beat
Make submitting maintenance requests a breeze
Keep rent collection and expense tracking on point, with no room for errors

But that’s not all—good quality property software should also come with:

Mobile App

In today’s fast-paced world, real estate agents are constantly on the go. Remote working is no longer a luxury, but a necessity. With tenant demands and market dynamics changing at the drop of a hat, staying glued to your desktop at the office is simply not an option!

This is why think-tanks at successful property management businesses incorporate mobile apps into their software. Having instant access to your property portfolio can significantly boost your workflow. This lets you handle maintenance requests, track rent payments, or update lease agreements even on a coffee break.

Rex Software takes this need to the next level with its all-purpose mobile app. Whether you’re on-site at a property or in between meetings, you can have your business running smoothly. With Rex Software’s mobile app, you’re not just keeping up—you’re staying ahead of the game.

Software Dedicated to the Property Market

When estate agents use generic software, they often run into problems because these tools aren’t designed specifically for real estate.

These one-size-fits-all solutions might be okay for other industries but in real estate. Because they often lack features like tracking properties, managing client relationships, and marketing. This can be confusing and inefficient because agents end up juggling different tools just to handle basic tasks.

Additionally, generic software often doesn’t work well on mobile devices, which is a big drawback for real estate agents who need to stay in touch with clients. This can lead to missed opportunities and lower productivity.

Unlike those watered-down systems, Rex is designed specifically for the real estate industry. It offers specialised tools for tracking properties, managing client relationships, and automated marketing. Plus, its mobile app lets agents handle tasks on the go.

AI Integration for Smarter Operations

Industries need AI tools because it’s like having a supercharged assistant that keeps you ahead of the game and ready for whatever comes next.

Smart Ad Text: Automatically creates property descriptions by pulling details from existing listings, saving time and ensuring accurate marketing.
Smart Filters: Makes it easy to find properties by letting agents search with simple filters, improving efficiency.
Smart SMS & Email: Helps agents send personalised messages by understanding the context, leading to better client engagement.
Data Utilisation: Uses CRM data to provide insights that help with marketing and communication, supporting better decision-making.
Integration and Usability: Allows agents to use everyday language for commands, making the AI tools more accessible and easy to use.

Established and Proven in the Market

When choosing property management software, estate agents should look for tools that are reliable and offer good support. Rex Software stands out because of its:

Proven Track Record:  Rex Software had kick-started its way into the market in 2010 with only $100,000 in capital and just 15 users. After 7 years of brainstorming, Rex came up with unique features that set it apart. After stepping into the UK market in 2018, Rex now has 38% users in that region.

Positive Reviews: Rex Software has many success stories, like with Spicerhaart. Five years ago Spicehaart chose us for their sales CRM. Fast forward to present day, they rely on us for an end-to-end software solution for Sales, Rental Settings, and Property Management.

AI Integration: Rex Software uses advanced AI features like Smart Ad Text and Smart SMS to automate tasks and improve communication, letting agents focus on more important work. It’s powered by OpenAI, ensuring high-quality results.

Ongoing Support: Rex is always updating its features based on user feedback. Rex has an online voting platform named UserVoice where you can vote for your favourites and add suggestions.

Comparing Leading Property Management Software Solutions

When estate agents search for property management software, they’re after a tool that can streamline their workflow, eliminate the hassle, and offer real peace of mind. Let’s do a quick comparison.

Rex Software

Best for: Real estate professionals looking for advanced AI-driven marketing and CRM integration.

Features: Property listings management, CRM, automated email marketing, AI-generated content, task management, mobile app.

Pricing: Scales with agency size. Clients need to have one-on-one conversations about their industry-specific designs to know the approximate price.

Support: Strong customer support and training. Has online voting services to learn customer preferences.

Buildium

Best for: Larger agencies managing multiple properties, especially those needing solid financial management tools.

Features: Tenant and lease tracking, online payments, maintenance management, accounting.

Pricing: Starts at $450/month, more suited for larger operations.

Support: Extensive support with live chat and knowledge base.

DoorLoop

Best for: Smaller agencies or individual landlords looking for ease of use at a lower cost.

Features: Tenant tracking, rent collection, maintenance, and reporting tools.

Pricing: Starts at $59/month, affordable for smaller setups.

Support: Positive feedback on customer service.

RentRedi

Best for: Individual landlords or small property managers who need simple automation tools.

Features: Rent collection, tenant screening, property listings, eSignatures, repair tracking.

Pricing: Very affordable at $12/month.

Support: Solid support through various channels.

Conclusion

A good quality property management software should stand out with AI integration, scalability, and strong marketing tools. By understanding the clients’ vision, they should build solutions tailored to your industry.

Although Rex offers a wide array of business features, real estate agents are recommended to explore their options and choose what works best for them.

Read more:
What to Consider When Investing in Property Management Software

Lavender Waves Farm has quickly become a must-visit destination in Southern Rhode Island for those seeking a peaceful retreat and a taste of rural life.

The farm first opened its doors to guests in 2020. Since then, it has garnered acclaim from visitors, the press, and nature lovers around the country.

In 2021, Lavender Waves Farm was honored with the “Best of New England Travel” award by Yankee Magazine.

Owned and operated by Dr. Henry Cabrera, a local anesthesiologist turned agricultural pioneer, the farm offers visitors the opportunity to reconnect with nature through a variety of soothing experiences.

“From our beautiful lavender fields perfect for cutting your own bundles to interactive experiences with our camels, alpacas, and over 75 birds, there is something for everyone,” Dr. Henry Cabrera explained. “Visitors can enjoy yoga sessions amidst the lavender, indulge in lavender-inspired treats, and shop for exclusive items at our gift shop. We aim to create a luxuriously rustic environment that allows guests to relax, explore, and create unforgettable memories.”

Lavender Waves Farm is about much more than just lavender. It’s a sanctuary where guests can connect with nature, relax, and create lasting memories.

Stop and Smell the Lavender

Lavender Waves Farm is, first and foremost, a celebration of lavender. The farm is home to over 4,000 lavender plants, representing ten different varieties, each carefully cultivated to create a sea of purple and white flowers. The groves are arranged in a pattern that radiates outward from a central point, with a Victorian gazebo serving as the focal centerpiece.

During seasonal blooming periods, visitors are invited to explore the fields and lounge in the shade of the gazebo where the soothing scent of lavender fills the air. Aside from its beauty, lavender’s health benefits have been well-recorded over the years. This was one of Dr. Henry Cabrera’s motivations for cultivating it.

“You can read many articles about the health benefits of lavender,” he said. “It can help with blood pressure, stress relief, and a lot of people use it for insomnia…lavender just lends itself to being a crop of serenity.”

For those looking to take a piece of this serenity home, the farm offers a cut-your-own lavender experience. Armed with scissors, guests can wander through the fields, choosing their favorite stems to create one-of-a-kind lavender bundles.

Relax, Unwind, and Stay a While

Beyond the lavender fields, Lavender Waves Farm offers a variety of relaxation activities. The farm’s central gazebo and scattered picnic tables provide spots for romantic moments, family outings, or quiet contemplation. It also hosts events like yoga amidst the lavender, educational tours, guided meditation, and more.

For guests who wish to stay for a while, Lavender Waves Farm operates a luxurious Airbnb accommodation. The Farm Suite is a rustic escape where guests can wake up to the gentle scent of lavender and the peaceful sounds of nature.

The suite is built from reclaimed wood of a 150-year-old silo, granting it a rustic yet luxurious vibe. It provides the perfect retreat for couples or solo travelers looking to disconnect from the hustle and bustle of modern life. Guests at the Farm Suite also have the opportunity to book an en suite lavender-infused dinner of 3 or 5 courses prepared by a professional chef.

Lavender Waves Farm has also become a premier destination in New England for private events. the farm hosts events such as weddings, private gatherings, and photoshoots, all set against the stunning backdrop of lavender in full bloom.

“Lavender Waves Farm is about creating an immersive, relaxing experience,” Dr. Cabrera said. “We want our guests to leave with beautiful memories and tranquility.”

An Escape for All Ages—And All Five Senses

Lavender Waves Farm was designed to be an immersive experience in nature that engages all five senses.

As guests walk through the farm, the scent of lavender has an instant therapeutic effect, relaxing the body and mind. The rolling groves of purple and white flowers enhance the feeling of relaxation and the enjoyment of the present moment.

The journey continues with the farm’s culinary offerings. Visitors can sample lavender-infused treats, such as lavender lemonade, ice cream, and chocolate. Lavender honey harvested from the farm’s beehives is available at the gift shop, along with a variety of other lavender products. Visitors can also pack their own picnic lunch and dine at one of the many picnic tables on the property.

One of the favorite activities of young guests and families is mingling with the numerous animals on the farm. You won’t find cows and pigs here. Llamas, alpacas, and camels roam the lavender fields, enhancing the farm’s biodiversity. They are kept in pens during opening hours, though guests can feed and pet the animals.

The farm is also a hot spot for bird enthusiasts. It is home to over 75 birds, including majestic white peacocks, chickens, ducks, and guinea hens. The sound of birdsong can be heard across the property, and bird lovers often bring binoculars to catch their playful and colorful displays.

Dr. Henry Cabrera spent years building and designing Lavender Waves Farm to be an immersive relaxation experience. From the aroma of lavender and soft alpaca wool to the musical birdsong and creamy lavender chocolate, Lavender Wavers Farm is a celebration of nature for all of the senses.

Dr. Henry Cabrera: From Anesthesiologist to Agricultural Pioneer

The story of Lavender Waves Farm is as compelling as the farm itself. Dr. Henry Cabrera, a successful anesthesiologist, had always dreamt of starting a small farm. As a doctor working in a major hospital, for years he assumed this dream would never come true. Until one day, he discovered a perfect opportunity.

“I did my research with lavender and found a perfect farm close to my primary job. It felt like the stars were aligning,” he said.

Dr. Cabrera purchased the farm in 2016. Yet, despite his luck at finding such a beautiful and conveniently located piece of land, building Lavender Waves Farm was no easy feat.

“When I moved to the farm, it was just a field of hay,” Dr. Cabrera recalls. Transforming that field into the thriving farm it is today took countless hours of work. Dr. Cabrera spent years tilling the soil, renovating the property, and meticulously planning the layout of the lavender fields.

Planting rows of lavender is not a monumental task. But Dr. Cabrera wanted his farm to be much more than that. Lavender Waves Farm was built to be a hub where nature, community, and education intersect. Dr. Cabrera made it a priority that the farm operates in harmony with the environment and the local community.

Sustainable practices, such as organic fertilization, water conservation, and crop rotation, were implemented throughout the farm to protect and enhance the natural ecosystem. Dr. Cabrera works closely with the ​​Kingston Hill Garden Club of South Kingstown (where the farm is located), to ensure those practices are still closely followed today.

Lavender Waves continues to improve its agricultural activities to maintain the highest standards of sustainable farming.

Under Dr. Cabrera’s guidance, Lavender Waves Farm has flourished, becoming both a successful business and a valued community resource. His dedication to sustainable farming practices, animal welfare, and creating a space where people can connect with nature has made Lavender Waves Farm a model of modern eco-tourism.

How to Visit Lavender Waves Farm

Lavender Waves Farm is open to the public on select dates in the summer and autumn when the lavender is in full bloom. Entry costs $5 (or $20 to cut your own lavender bundle). Tickets are available at the farm and on the Lavender Waves Farm website.

Lavender Waves Farm also hosts events throughout the summer season, including yoga, meditation, art markets, and more. All events can be found and booked on the farm’s website.

For private events and group tours, Lavender Waves Farm offers membership packages. Membership includes private access to the farm, lavender bundles, and private tours with Dr. Henry Cabrera.

Read more:
Dr. Henry Cabrera Offers Tranquil Escapes and Sensational Experiences at Lavender Waves Farm

The UK’s cryptocurrency market is experiencing a vibrant evolution in 2024, driven by technological advancements, regulatory updates, and changing consumer preferences.

This article explores the dynamics of this growth, focusing on key areas such as crypto casinos, regulatory frameworks, market competition, technological integration, consumer behaviour, and future trends.

The Growing Adoption of Crypto in the UK

Cryptocurrencies have been growing exponentially ever since Bitcoin was created. There are now over 20,000 of them in the market and new ones popping up all the time. Among those that have truly been successful, like Bitcoin, Ether, Dogecoin, and Solana, their rates of adoption as payment methods, investments, and stores of value have rapidly increased in the last few years.

Now, all kinds of online sectors like eCommerce sites, the SaaS industry, and online gaming have all begun using cryptocurrencies more widely. Among these early adopters, crypto casinos are becoming increasingly popular in the UK. Boasting the largest iGaming market in the world for now, online casinos and sports betting sites are big business in the UK. Crypto casinos UK players can access are based overseas, but offer players unique perks like anonymity, security, and faster transactions. According to gambling expert Jake Beasant, as of 2024, these digital platforms are not just alternatives to traditional online gambling but are beginning to lead the charge in innovation and user engagement.

Technological integrations such as smart contracts improve security and trust, enhancing player experience by automating processes and ensuring fairness​. The appeal of crypto casinos also lies in their ability to bypass traditional banking delays, offering instant withdrawals and deposits in cryptocurrencies like Bitcoin, Ethereum, and Litecoin. This has particularly resonated with tech-savvy users who value privacy and speed​.

Despite these advantages, the UK Gambling Commission (UKGC) has tightened regulations, requiring these casinos to adhere to the same standards as traditional ones, which includes licensing and adherence to anti-money laundering protocols​, which means players are increasingly looking for offshore sites to play on.

Regulatory Landscape

In 2024, significant regulatory developments are reshaping the UK’s cryptocurrency market. The Financial Conduct Authority (FCA) has implemented stringent measures to ensure that all cryptocurrency operations are transparent and fair. These regulations are designed to protect consumers and prevent illegal activities, requiring all crypto businesses to perform thorough Know Your Customer (KYC) checks and report any suspicious transactions.

This regulatory tightening aligns cryptocurrency operations with traditional financial systems, creating a safer environment for both investors and users. Moreover, the FCA has intensified its monitoring and enforcement, levying heavier penalties on those who breach regulations.

This increased scrutiny helps to deter financial crimes and ensures the crypto market operates within a legal framework, bolstering stability and investor confidence. The regulatory environment is increasingly adapting to the fast-paced nature of cryptocurrency innovations, reflecting a deeper understanding of blockchain technology and its implications for financial systems and consumer protection.

Market Competition

The competition in the UK’s cryptocurrency market is intense, with new entrants continuously bringing innovative solutions. This rivalry drives improvements in service quality and the introduction of fresh features, keeping the market vibrant and dynamic. Companies at the forefront are leveraging cutting-edge technology to attract and retain users.

They are increasingly turning to specialised services and loyalty programs to stand out, offering custom promotions, enhanced security features, and interactive interfaces that cater to specific demographics, carving out niche markets within the broader financial industry.

This trend is further fueled by the emergence of decentralised finance (DeFi) platforms, which challenge traditional financial models and offer users more autonomy and potential profits. These platforms are rapidly growing in popularity, adding another layer of competition as they attract a tech-savvy demographic looking for alternatives to conventional financial services.

Technological Advancements

Blockchain technology is revolutionising the UK’s crypto market by enhancing security, enabling transparency, and facilitating faster transactions. Various crypto businesses are using blockchain to refine their operations, making them more efficient and user-friendly.

Additionally, the adoption of smart contract technology automates agreements and payments, reducing the potential for disputes and enhancing trust in digital platforms. The ongoing development of blockchain innovations, such as layer-two solutions and cross-chain integrations, is further enhancing transaction speeds and reducing costs.

These technological advancements are not only improving the efficiency of existing processes but are also paving the way for the introduction of new products and services that could fundamentally change how people interact with financial systems.

Consumer Preferences

UK crypto user preferences are rapidly evolving. Many are attracted to the anonymity and security that cryptocurrencies provide. The convenience of fast transactions and the allure of innovative technology are significant draws.

Surveys suggest a shift towards digital currencies over traditional financial services, accelerated by the rise of mobile technology which reshapes user preferences towards platforms that offer full functionality on mobile devices.

Additionally, the growing interest in non-fungible tokens (NFTs) and their applications in digital ownership and asset management is influencing consumer behaviour. As users become more familiar with the benefits of blockchain technology beyond simple transactions, such as in digital art, gaming, and media, their preferences are likely to further evolve towards integrating crypto into everyday life.

Future Trends

The UK’s crypto market is set to continue its growth trajectory. Innovations in AI and machine learning are expected to further personalise user experiences, making them more engaging. The integration of virtual and augmented reality could transform interactions on digital platforms, providing more immersive experiences.

As these technologies mature, they are likely to be integrated into more aspects of financial services, enhancing user engagement and retention. The potential for AI to facilitate more sophisticated trading strategies and risk management tools is particularly promising. This could lead to smarter, more adaptive platforms that could offer automated, personalised financial advice and investment strategies.

Conclusion

The UK’s crypto market in 2024 is marked by rapid growth and significant innovation, spurred by technological advancements and evolving consumer demands. As the market matures, it will likely continue to expand, driven by an environment that favours secure, user-friendly, and engaging crypto experiences.

The ongoing evolution in regulatory frameworks and technology promises to keep the UK at the forefront of the global crypto market. This growth is underpinned by increasing institutional interest and investment, further legitimising the market and attracting a diverse range of participants.

Read more:
How the UK’s Crypto Market is Growing in 2024

Working with a coach can speed up your progress toward personal, professional, or business goals. Coaches offer guidance, support, and smart advice to help you overcome challenges and achieve your goals faster.

In this article, we’ll share seven important things to consider when choosing a coach, so you find the right business coach for you.

Benefits of Working With a Business Coach

Before getting into these important points, it’s important to know the transformative benefits of engaging with the best business coaching service.

Setting clear goals: A business coach helps you set achievable goals by offering guidance and expertise. By working closely with a coach, you can identify your priorities, outline a plan, and create steps to reach your objectives. This approach ensures each goal aligns with your business’s vision, enabling focused progress.
Improved accountability: A key benefit of working with a business coach is increased accountability. Coaches help keep you on track and maintain momentum. Regular check-ins and progress reviews ensure you remain aligned with your goals, making adjustments as needed and celebrating achievements.
Boosted confidence: Business coaches help boost your confidence by offering support, encouragement, and feedback. This partnership can help you develop stronger self-assurance in your decision-making and leadership skills. As you gain confidence, you’re more likely to take risks and seize new opportunities.
Increased motivation: Working with a business coach can greatly increase your motivation by helping you clarify your purpose and reignite your passion for your work. Coaches inspire you to push past obstacles and maintain a positive outlook. By creating a supportive environment, coaches empower you to stay committed to your goals and strive for excellence.

7 Things to Consider When Choosing a Top Business Coach

Area of Expertise

When looking for high-performance executive coaching, focus on finding someone with a strong background in:

Leadership development: to shape leadership styles, improve team management, and refine your leadership approach.
Strategic thinking: to handle complex challenges effectively and make decisions that drive business growth.
Executive presence: enhances communication skills, public speaking, and professional image.
Emotional intelligence: to increase self-awareness, manage stress, and build strong relationships with clients and colleagues.

As you meet potential coaches, ask about their coaching philosophy and experience with executives at your level. Check for any publications, awards, or recognition on their LinkedIn or other public profiles for extra confidence.

Coaching Style

Coaches use different methods to help you learn. Some are direct and challenging, while others are more supportive. Common executive coaching styles include:

Directive coaching: offers a structured approach with clear guidance.
Supportive coaching: emphasizes self-reflection to find solutions and build self-confidence.
Strategic coaching: focuses on big-picture thinking and strategic problem-solving.
Transformational coaching: goes beyond performance, promoting personal growth.

To choose the right coach, decide which style fits your needs. Consider these questions:

Do you prefer clear instructions or an exploratory approach?
Are you direct or action-oriented?
What are your coaching goals?

Credentials and Certifications

Credentials and certifications show a coach’s expertise and commitment. Though not necessary, check if your potential coach holds certification from reputable organizations like:

International Coach Federation (ICF)
Academy of Executive Coaching (AoEC)
Center for Creative Leadership (CCL)

Certification ensures that coaches have received structured training, providing basic knowledge and skills. Working with a coach from a reputable organization means they stay updated with best practices and deliver quality coaching services.

Coaching Niche

Executive coaches with niche expertise understand the unique challenges and opportunities executives face. For example, a coach experienced in tech startups can guide executives through leadership challenges related to mergers and acquisitions. You might also consider looking into the best public speaking coaches to improve the way you communicate. Before searching for a coach, reflect on your goals and development areas. With this clarity, explore coaching directories or seek recommendations from professional associations in your industry. Compile a list of vetted coaches with expertise in your niche and schedule initial consultations to begin your journey.

Track Record and Results

Checking a coach’s history and effectiveness can be tough due to confidential client information. However, you can still learn about their success by asking about the results they’ve helped clients achieve. Direct questions often give more insightful information.

Look for online reviews or testimonials on the coach’s website or portfolio, but be cautious, as some reviews might not be relevant. To verify authenticity, consider contacting a few reviewers on platforms like Facebook or LinkedIn for insights into the coach’s approach.

Cost and Investment

Hiring a great coach for high-performance coaching is a big investment. Generally, experienced coaches charge higher fees due to their specialized approach and track record, which may lead to quicker, more substantial returns on investment.

Costs may vary based on program structure and duration. Individual sessions are usually more expensive than group programs; longer engagements (3-6 months) often offer better value than shorter ones. You might negotiate a better deal for long-term or strategic coaching programs.

Request a free consultation to understand their coaching style and make an informed decision.

Chemistry and Communication

A study found that 80% of participants see personal rapport as important when choosing a coach. Finding a coach whose communication style and personality fit with yours is the foundation of a successful coaching experience.

Why is this important?

Imagine feeling uncomfortable opening up to your coach. Could you really benefit from such coaching?

To assess these traits during initial meetings, observe verbal and non-verbal cues. Pay attention to their speaking style (tone, pace, clarity), body language (friendliness, warmth), and overall demeanor.

Once you narrow down your options, make a smart choice that fits your professional goals and personal likes. Check your initial criteria and goals to ensure the coach you choose meets them. Think about the connection you felt during consultations—did their communication style click with you? Does their approach inspire trust and motivation? Compare the cost with the value and potential benefit for your career growth.

Feedback from past clients or industry peers who have worked with the coach can give you helpful insights. To better understand your personality type and work preferences, consider taking a free DISC test and results, which can further inform your decision. Ultimately, trust your instincts to choose a coach who demonstrates the expertise you require and fits well with your vision for growth and success.

After Choosing a Coach

After choosing a coach, set up a clear plan for your coaching relationship to get the most out of it. Start by setting specific goals together that match your career aims. Define what you and your coach are expected to do, and establish clear boundaries to maintain respect and commitment. Schedule regular meetings and keep communication open, being ready to accept feedback and advice. Check your progress towards your goals regularly and adjust your plans if needed. Stay involved and committed to make the most out of your coaching journey.

Read more:
How to Choose The Best Business Coach?

The crypto trading contest is in the process of establishing itself as a noteworthy event in the trading landscape.

Depending on the nature of the enterprise, whether it is a new trading firm or a contender already in the market, these contests have prospects and risks.

However, to what extent are firms – startup and incumbent firms – able to address and overcome these threats? This blog post is designed to cover the issues that trading firms often encounter with crypto trading competition and provide proper guidance on overcoming them.

What Problems Do Startup Trading Firms Face in a Crypto Trading Contest?

1. Lack of Brand Recognition

Startup trading firms often need help with brand recognition when entering a crypto trading competition. An established presence makes attracting participants and gaining trust more accessible.

Solution:

Develop a strong brand identity with a well-designed front-end website. Invest in content writing and SEO to increase visibility. By boosting your online presence, you can attract more participants to your crypto trading contest.

2. Limited Resources

New firms often need more financial and technological resources to compete with established players. This can limit their ability to offer attractive prizes and advanced trading platforms.

Solution:

Consider partnering with a white-label prop trading platform. These platforms offer a complete CRM and back-office solution, as well as an interactive client area, helping you to provide a seamless trading experience without high upfront costs.

3. Inadequate Risk Management

Without experienced risk and dealing teams, startups may find it challenging to manage the volatile nature of cryptocurrencies during a crypto trading competition.

Solution:

Outsource risk management to experienced teams that specialize in cryptocurrency trading. This renders your form flexible to other aspects of the contest while at the same time addressing risks.

What Challenges Experienced Trading Firms Encounter In A Crypto Trading Competition.

Maintaining Participant Engagement

One of the challenges is that even large firms may find it very difficult to maintain the interest of a participant in a crypto trading event. Lack of interest from the trader’s side could also be a cause of reduction of success of the contest.

Solution:

Increased interaction can be achieved by providing updates, leaderboards, and buttons via a mobile app or a web trader platform. The participants can also be engaged by creating an interactive client area and enhancing the experience with feedback and support.

High-Volume Trading Management

As seen with many other online trading platforms, large trade volumes put stress on even some of the most solid cryptocurrency trading systems. It can thus cause technical hitches, which makes participants annoyed, and your firm’s reputation suffers.

Solution:

Select trading platforms that are sustainable and effective in order to accommodate a large number of transactions.

Leading Competition

This is a real problem as the number of companies in the market continues to grow in order to increase their market share.

Solution:

It is critical to establish a niche when organizing your crypto trading competition; some of the niches that you can consider include the crypto demo contest for the budding traders or the crypto trading challenge which involves factors such as detailed trading metrics.

How Can Firms Ensure Success in a Crypto Trading Contest?

Offer Competitive Prizes

Tangibly appealing rewards are also a must have in any form of event so that people would be inclined to join in the event.

Optimize Your Marketing Strategy

Market your service to the right audience, that is the Forex brokers, prop trading firms, and individuals influential in the trading.

Leverage Advanced Technology

This can be achieved through Webtrader and mobile apps for Android and desktop, all of which afford the best trading experience.

Provide Exceptional Support

The most important thing is to have an exclusive team of customer success. Ensure your support is online from 8 to 3 in the morning so participants can come to you if they need help with trading in the contest.

Final Thoughts

Crypto trading contests are particularly popular as a method of promoting the firm’s services and reaching out to the trading audience and potential clients. This affects every firm, whether new to cryptocurrency trading contests or an established organization that needs to face these challenges by implementing ideal solutions from outside help and feeling adventurous about how to host a contest. To begin with, enhance the approach, acquire proper tools, and provide a unique trading experience.

FAQS

1. What are the most common challenges startup trading firms face during a crypto trading contest?

Startup trading firms often need help with brand recognition, limited resources, and inadequate risk management. These challenges make it difficult to attract participants, offer competitive prices, and manage the volatility of cryptocurrencies.

2. How can experienced trading firms maintain participant engagement in a crypto trading contest?

Experienced trading firms can maintain participant engagement by offering regular updates, leaderboards, and interactive features through mobile apps or web trader platforms. An interactive client area that provides real-time feedback and support also helps.

3. What strategies can firms use to ensure success in a crypto trading contest?

To ensure success, firms should offer competitive prizes, optimize their marketing strategy to target the right audience, leverage advanced technology for a seamless trading experience, and provide exceptional customer support.

 

 

 

 

 

 

Read more:
Crypto Trading Contest: Strategies and Solutions for Firms

Investing for the long term is one of the most reliable ways to build wealth. However, picking the right investment opportunities can be challenging, especially in a market full of risks and uncertainties.

Whether you’re new to investing or a seasoned pro, here are 10 tips to help you identify strong long-term investments.

1. Understand the Business Model

Before investing, ensure you understand how a company makes money. Companies with simple, transparent business models tend to be more stable over time. Look for businesses that have a clear competitive advantage or a unique value proposition that makes them stand out from their competitors.

2. Focus on Companies with Sustainable Competitive Advantages

Successful long-term investment opportunities often involve companies with a strong competitive moat. This can be in the form of brand loyalty, proprietary technology, economies of scale, or network effects. Companies that dominate their industry are more likely to maintain and grow their market share over time.

3. Assess Financial Health

Evaluate a company’s financial statements to gauge its health. Look for strong revenue growth, consistent profitability, and manageable debt levels. A company that generates stable and growing free cash flow is often a good sign of financial stability and a strong investment candidate.

4. Examine Management and Leadership

A company’s leadership can make or break its long-term success. Research the company’s executives and board members to assess their track records. Experienced, visionary leadership with a history of making smart decisions can significantly increase the likelihood of long-term growth and profitability.

5. Look for Industry Trends

Choose industries that are positioned for long-term growth rather than those on the decline. For example, technology, healthcare, and renewable energy are sectors that are expected to see long-term growth due to innovation and global demand. By investing in forward-looking industries, you position yourself to benefit from macroeconomic trends.

6. Diversify Your Investments

It’s crucial to diversify your investments across different industries, asset classes, and regions. Diversification reduces risk because it spreads your investments across various sectors and markets, ensuring that no single company or industry can severely impact your portfolio.

7. Ignore Short-Term Market Noise

Successful long-term investors know that markets fluctuate. Avoid reacting to short-term market movements or sensational headlines. Instead, focus on the fundamentals of the companies you’re investing in. Over time, quality investments will weather market volatility and deliver solid returns.

8. Consider Dividend-Paying Stocks

Dividend-paying stocks are a solid choice for long-term investors seeking income in addition to capital appreciation. Companies that regularly pay dividends are often more stable and financially healthy. Reinvesting dividends over time can also compound your returns, accelerating wealth growth.

9. Invest in Companies with Ethical and Sustainable Practices

Environmental, social, and governance (ESG) factors are becoming increasingly important for long-term investments. Companies that prioritize sustainability, ethical practices, and social responsibility are more likely to succeed in the long run. Investors are increasingly rewarding companies with positive ESG practices, which can help mitigate long-term risks.

10. Maintain a Long-Term Mindset

Perhaps the most crucial tip is to keep a long-term perspective. Don’t expect immediate returns or panic during market downturns. Patience is key to long-term investing. Time in the market is more important than timing the market, so make your investment decisions based on the potential for growth over years or decades, not months.

Conclusion

Picking long-term investments requires diligence, patience, and a focus on the fundamentals. By understanding the business, assessing financial health, considering trends, and keeping a long-term mindset, you can build a strong investment portfolio that grows over time. Diversification and focusing on sustainable practices can also help you weather market fluctuations and maximize returns in the years to come.

Read more:
10 Tips to Pick Long-Term Investment Opportunities

Planning a trip to Taiwan’s top monuments? Whether you’re visiting the towering Taipei 101, exploring the Chiang Kai-shek Memorial Hall, or wandering through ancient temples like Longshan, the right packing list can make your adventure more enjoyable.

But what exactly should you bring along? Have you thought about how you’ll stay connected? With a Taiwan eSIM, you can easily access the internet, navigate the city, and check monument hours without the hassle of finding local SIM cards.

Packing smart for a trip to Taiwan not only ensures comfort but also makes sure you’re prepared for the country’s varying weather, cultural sites, and tech needs. Let’s explore the essentials you should have in your suitcase to make the most of your visit.

1. Comfortable Footwear for Monument Exploration

When visiting Taiwan’s monuments, expect to do a fair amount of walking. From climbing the stairs at the National Palace Museum to strolling through the serene gardens of Sun Moon Lake, a good pair of shoes is essential. Choose comfortable, supportive footwear that’s suitable for long hours of walking.

Sneakers or walking shoes with proper arch support will keep your feet comfortable during city explorations. If you’re planning to visit natural monuments or explore mountainous regions, consider packing hiking shoes. Avoid brand new shoes that haven’t been broken in, as blisters can ruin a day of sightseeing.

2. Weather-Appropriate Clothing – Pack for Taiwan’s Changing Seasons

Taiwan’s weather varies depending on the time of year, so packing the right clothing is crucial. If you’re visiting in the summer, light, breathable fabrics such as cotton and linen will keep you cool in the heat. The summer months can be hot and humid, making it important to dress comfortably.

In contrast, winter months in northern Taiwan, especially in Taipei, can be cooler, so pack some layers like light sweaters or jackets. Taiwan also experiences frequent rain, particularly in the spring and fall, so a lightweight rain jacket or an umbrella should be part of your packing list. Checking the weather forecast via your Taiwan eSIM before heading out will help ensure you’re dressed for the day.

3. A Reliable eSIM for Seamless Connectivity

Staying connected while traveling in Taiwan is crucial, especially when you’re navigating to different monuments. With a Taiwan eSIM, you’ll have seamless access to the internet without the need to purchase a local SIM card. This makes it easy to use GPS, check opening hours of monuments, and even read up on historical facts while on the go.

The convenience of an eSIM also means you can activate it before arriving in Taiwan, so you have immediate access to data as soon as you land. Whether you’re uploading photos of Taipei 101 to social media or using translation apps to communicate with locals, staying connected through a Taiwan eSIM makes the entire travel experience smoother and stress-free.

4. Sun Protection – Stay Safe During Outdoor Adventures

While exploring Taiwan’s monuments, especially the outdoor ones, protecting yourself from the sun is essential. The tropical climate in Taiwan can lead to strong sun exposure, particularly during the summer months. Be sure to pack a high-SPF sunscreen, and don’t forget to reapply throughout the day.

Additionally, a wide-brimmed hat and sunglasses are helpful for shielding yourself from the sun, particularly when visiting outdoor sites like the Liberty Square or Sun Moon Lake. Staying hydrated is equally important, so carrying a refillable water bottle can keep you energized during your sightseeing.

5. Portable Charger and Travel Adapter – Keep Your Devices Powered

Whether you’re using your smartphone for navigation, taking pictures, or sharing updates with friends, keeping your devices charged is essential. A portable power bank is a lifesaver when you’re out exploring all day and can’t find a charging station.

Since Taiwan uses Type A and B power outlets with 110V, make sure to pack a compatible travel adapter if your electronics have a different plug type. Having your devices fully charged also ensures you’re never disconnected from your Taiwan eSIM, allowing you to stay in touch with family or friends and access travel information easily.

6. Cultural Etiquette Items – Be Respectful During Your Visit

While Taiwan is a modern and open society, it’s important to respect local customs, particularly when visiting cultural or religious sites. Carrying a small scarf or shawl can come in handy when visiting temples, as some locations may require modest clothing. Covering your shoulders or legs may be a requirement in certain places of worship, so it’s always good to have an extra layer on hand.

Additionally, some temples may ask visitors to remove their shoes before entering. Wearing shoes that are easy to slip on and off will make this process quicker and more convenient. It’s also respectful to maintain a quiet and calm demeanor when visiting these sacred sites.

Why Packing Right Enhances Your Taiwan Experience

Taiwan’s monuments offer a glimpse into the country’s rich history, architecture, and natural beauty. But without the right packing list, you may find yourself uncomfortable or unprepared. Comfortable shoes and weather-appropriate clothing ensure you can enjoy long days of exploring, while sun protection keeps you safe during outdoor visits. Having access to a Taiwan eSIM means you’re never disconnected, even in remote areas, and you can easily access information about the monuments you’re visiting.

Packing thoughtfully not only ensures your comfort but also allows you to focus on enjoying the experience, soaking in Taiwan’s rich culture, and learning from its incredible monuments.

Wrap Up

Visiting Taiwan’s top monuments is an adventure that blends culture, history, and nature. By packing the essentials—comfortable shoes, weather-appropriate clothing, sun protection, and a Taiwan esim—you can ensure a smooth and enjoyable trip. With the right preparation, you’ll be ready to fully experience everything Taiwan has to offer, from its bustling cities to its serene temples and majestic mountains. So, pack smart and get ready to explore Taiwan’s treasures!

Read more:
What Should You Pack for a Vacation to Taiwan’s Top Monuments?