Published on: 05 October 2018
Last Updated on: 24 February 2020
Many people working in the business are pursuing an MBA as the next step in their professional development so they can increase their future job prospects. MBA programs located in major cities are drawing talented and inventive people from around the world who want to learn and network with the best of the best.
Nowadays, an MBA is essential to your professional resume if you want it to stand out to recruiters because it’s a designation that shows leadership, teamwork skills and adaptability. The fact that many schools require students to have a few years of work experience before they dive into their MBA helps increase job prospects for students because they already have practical knowledge to do with their field. The requirement for work experience helps students understand what they may want to pursue as a specialization in order to improve their knowledge and performance in certain areas of business.
It’s a good idea to pay attention to the location of your school’s campus and its proximity to the city’s thriving business community in order for you to get the maximum amount of opportunities to network. Many people working in the business sector are pursuing a part-time MBA in Toronto while they work full time and choosing specific specializations that can help them increase their profile with greater specificity. Building your business profile is easier in Toronto because it is Canada’s economic capital.
The Lazaridis School of Business & Economics is a globally recognized AASCB accredited school that offers a part-time MBA program located in the Sun Life building in the heart of Toronto. The school’s reputation for distinguished faculty members and a variety of specialization options allows the institution to draw talent from around the world. You can complete your degree in 2.3 years or spread it out over 4 years on an evening and alternate weekend schedule (Friday evenings and Saturday daytime). There are nine different specialization options that will help your resume stand out to employers such as Marketing, Entrepreneurship, Financial Management, International Business Management, Operations Management, Accounting, Organizational Behavior & Human Resources Management, Strategic Management and Human Resources Management.
It is important for students to achieve a prestigious degree that centers on a textbook education but also allows them to bond with some of the brightest minds in their field. A school’s proximity to major social events and business functions makes the networking aspect of your degree easier, allowing you to make connections that could lead to better job prospects. Schools like these put on social events like GMAT, math and verbal refresher courses as well as the Laurier Finance Meetup, an event that brings together students and leading business figures.
Attending a school located near Bay Street in Toronto is essential to students who value a dynamic learning experience. An MBA in the city is the next step for those who want to visualize their own success, as they blend in with industry leaders while learning skills that will up the value of their business profile.
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When you start advertising on Airbnb or similar short-term vacation rental websites your primary objective is to turn your lodging into a stable source of income. Essentially, the success of your rental project depends on your ability to attract good, payable guests who will stay in your cozy corners, get an excellent experience, share it with other travelers on the Airbnb platform, and, ultimately, turn into your brand advocates with all the perks applicable. The snag is that not all Airbnb entrepreneurs know how to embark their venture on the path to success. In this guide, we will tell you about the pillars of a flourishing Airbnb company.
Define your mission
So you choose short-term hosting as a way to earn extra dollars for your happy living. First, you need to determine a simple mission statement. Your mission vision will shape how you operate your new-born startup and the experience you deliver to your tenants. Elaborate on a business plan and define your goals by asking yourself the following questions:
How do you want to work?
How much time and resources can you pour into your business?
What is your vision of perfect hosting?
What are your goals?
How many deals do you need per month to meet expenditures and earn?
How are you going to beat competitors?
What should you do to make your listing appealing?
What actions do you need to take to run your business smoothly and effectively?
How will you protect your place from unruly guests?
How will you ensure compliance with local tax legislation?
Like any business, leasing out on Airbnb will involve certain expenses and investments. You should have a pretty clear sense of all your possible disbursements and incomes to ensure your Airbnb business is simply worth it. Even if it is a single spare room in your condo that you are going to rent, it is still a business, though quite small. And the business must be legal to thrive. To exclude any problems with the Law, consider hiring a professional accountant or an accredited Airbnb management company that will help you obtain all necessary municipal permissions and secure your total compliance with all administrative codes and tax authorities as well as assist you with procuring an LLC status as your business grows.
Survey the market
Anything you can do to elevate your listing or make it unique and attractive is a chance to charge more in your market. Scrutinize real estate websites; explore what other Airbnb hosts, lodgings, and local hotels have to offer. Find out whether they use dynamic pricing to update their rates based on various factors like seasonality, upcoming events, weekends versus weekdays, etc. The initial research will help you make the right decisions.
Now think about what you can offer to make your guests happy. Is your home stuffed with all modern comforts to ensure a relaxed stay? Is your place pet-friendly? Do you have parking, a swimming pool, or a barbecue zone? Is the interior uniquely decorated? Do you provide extra little surprises for your cherished guests such as bottled water, coffee, sweets, or a free souvenir they can take as a memento? Added sophistication, delight, and comfort renders you the right to safely increase the price for your vacation rental property.
Stay sober about your expenses and profits
Tally your costs by creating a spreadsheet of expenses that can be divided into three categories:
Upfront costs: the things you need to buy to make your spaces comfortable and beautiful before anyone experiences it including renovations, decoration elements, furniture, appliances, and photography.
Ongoing costs. These include all items consumable by the guests that you will have to periodically replenish: toilet paper, towels, batteries, light bulbs, personal hygiene supplies, broken dishware, bedding, linen, etc.
Management and maintenance costs. Think of the fees for outsourced cleaning, repair works, exterior and lawn upkeep if you are not going to tackle these issues on your own. Be in the loop with your numbers like utility bills, WI-FI, mortgage, and consider them when setting the price for your service.
Outsource professional management
Running an Airbnb business is a time-consuming and stressful venture, especially when you have to do everything on your own without competent assistants or the second host. You have to deal with bookings, verify guests, restock supplies, arrange cleaning between stays, and maintain everything in working condition to ensure a flawless stay. Just a hell of a work. If you are not very sure about your managerial efficiency, yet, you want your Airbnb enterprise to thrive, hiring a team of professional rental managers can be a smart move. Ask yourself whether you have time and knowledge to cope with the multiple Airbnb fuss and bother on your own, or you can outsource a dedicated and competent Airbnb manager to do all the work on your behalf to free you up and ensure a wonderful customer experience, as this is the manager’s primary job. Reckoning to a well-trained rental manager is also reasonable when you want to have a stable source of income through renting out without breaking local tax laws and housing codes, as the field experts always know how to stay law-abiding, yet, profitable. More about the services of such companies you can read on masterhost.ca.
Assess your offer from the guest’s point of view
How can you make your guests feel as welcome as possible? Have you considered all the needs your future client may have while staying within your confines?
Beginner Airbnb hosts should seriously consider investing in comfortable mattresses, sofas, and quality bedding. The first thing you appreciate in a hotel is the bed’s comfort, so make sure your guests can enjoy a comfortable stay and sleep well on your beds. Very often guests give 5 stars simply because of the great bed, which eventually translates into improved ranking in the Airbnb search results and increased occupancy rates.
Provide your guests with perfumery articles in case they forget to take them. To succeed in the Airbnb business, you should have a clear idea of the guest’s wants and wishes. Have you ever thought about why people choose the same hotel over and over again? Because they know what to expect: the feeling that no one has lived in the room before you, carefully folded towels, the smartphone chargers on the bedside table... Guests want every detail to be meticulously considered. Be attentive to the desires of your guests, and they will want to come back to you again and again.
Put it on autopilot
Hosting isn't easy, given the heap of tasks and arrangements to struggle with. But with modern-day advancements of technology, running an Airbnb company can easily turn into a breeze as you can automate most of the repetitive, time-eating procedures and free your hands for something more important and exciting.
There are lots of powerful software solutions and cloud-based apps, either free or pretty affordable, which help to boost the efficiency of short-term vacation property through comprehensive automation of key business processes. These include guest communication, booking management, task allocation, multiple-account management, auto-pricing, guest review writing, and insightful financial reporting and performance statistics.
The market for collectibles can be difficult to navigate. When you do master it, though, it can pay out to massive potential gains.
How can you master the collectibles auction market?
It is one of the most detail oriented and fickle marketplaces in the world.
Don't worry, we have a quick and simple guide to help you start selling collectibles!
Selling Collectibles:
Whether you have old toys in the attic or inherited a flintlock for sale, there are many of us who have collectibles that could be worth more than they might seem.
Understanding Your Item's Value:
Any collectible can have a large variety of details that give it value. Some of these may not apply to all collectibles. Consider them all when figuring your item's value.
1. Rarity and Age:
Rarity and age are two massive defining factors for value.
The older an item is, the higher the interest in it can be. Even a very common item can be valuable if it is over a hundred or more years old. The age makes it less likely that an item still exists at all, as many as lost to time.
Rarity is an even bigger factor. The more common an item is, the more flooded the market may be, no matter the age. A rare item will always have some sort of value due to a lack of duplicates in the market.
2. Condition:
A simple detail to check. Is the item in question intact? If it is in dire need of repairs, that is going to hurt the value, as you will need to spend money to repair it or decrease the cost at auction.
Hiring a restoration expert can be worthwhile for the rare items, but outside of a very high-value item, it may not be worth it for sale.
3. Manufacturer Details:
Going hand-in-hand with rarity is the manufacturer. Who made this, and where, can be a big factor in value.
A big manufacturer that produced a similar product for decades decreases the value. A famous, single artisan is the dream for a collectible seller. It makes it both rare, but also well known and well regarded.
4. Wow, Factor:
One last detail is how exciting the item can be. A simple utensil or everyday product may have some value, but a unique and bizarre item has the chance of selling for an incredible amount.
The problem becomes when an item is too unique or bizarre. If no one understands the point of purpose for it, the item can go too far into the junk category. It can be a fine balance.
The Details of an Auction:
Auctions can be difficult to navigate. Once you have your item and an idea on its value, you will need to find a buyer.
An auction can smooth out the entire process. They will sell and even advertise your collectible so you don't have to. This all comes at a price, of course.
1. Commission:
Most auction sites have a commission fee. This is their take of the profits when the item sell. A commission fee can go as high as 20%, or as low as nothing if you have a big enough collection that can draw in other customers.
2. Other Fees:
Some auctions have a few other fees to consider. Authentication fees are common, to ensure that the items you are selling are legitimate. These can get pricey, depending on the volume of collectibles.
There may also be a premium buyer's charge, to ensure that an auction may cover costs.
After the Auction:
These are the basics of dealing with auctions and selling collectibles. It is a market filled with exceptions and details.
While you are out finding the right auction for your collectibles, you can spend some more time learning about all sorts of things at Content Rally. Contact us today to learn more!
Read Also:
Get Rid Of Middlemen And Sell Your House For Cash
Guide On Choosing The Right EQMS Solution
Benefits Of Working With A Realtor When Selling A Property
Setting up your physical shop or office is not an easy job. You should put away huge time and cash and put a lot of difficult work to guarantee that you have an amazing retail facade or working environment that mirrors your image and will pull in your objective clients or customers. Relocating business along with packing and moving can be the toughest jobs of your life, but movers in Phoenix can help you get rid of this task.
With all the exertion and cash you put resources into opening your store or office, relocating your business will absolutely be the farthest thing in your brain. Notwithstanding, regardless of whether your business is new or effectively settled, there will come a time, when moving your shop or working environment will be the best choice you can actually make.
If your organization is planning to move to another state or country, here are a few tips to read that could possibly be one of the main reasons for relocation:
# 1. To secure more space.
The No. 1 explanation an organization will move to another office is on the grounds that their present office no longer has enough space for them to do the things they need to do. One of two components becomes an integral factor: either the encompassing property needs more open space to oblige an actual extension of the structure, or the executives have established that such an office development on the current site would not be financially savvy.
# 2. To bring down working expenses.
While the requirement for more space might be the No. 1 explanation, directly behind the reality high working expenses have made an organization or plant uncompetitive. In some cases it's the expense of work: normal compensations, benefits, laborers comp and joblessness protection costs, and so forth Or then again it very well may be the difficult natural guidelines or high assessments.
# 3. To modernize hardware and offices
Now and again an organization's current office, its gear, or both, have become so outdated that the organization is put at an inconceivable hindrance contrasted with its rivals.
# 4. To draw nearer to an enormous section of their market
Significant distances to advertise mean two things: time and cash. In the event that a huge segment of an organization's market is in a specific district, that organization might have the option to set aside a ton of cash in transportation costs — and furthermore lessen their item conveyance times — by setting up an activity in that locale.
# 5. To combine into fewer offices.
Some of the time an organization simply has more assembling offices than it needs.
# 6. To be nearer to specific providers or common assets.
Similar market influences that apply to an organization's client base additionally apply to its providers. Significant distances mean higher transportation expenses and longer reaction times.
# 7. To get to a superior or bigger work pool.
Nowadays, work is the topmost concern for growing or migrating organizations, when they take a look at the areas. Here and there, an organization or office develops to where the neighborhood or local area, at this point don't supply a working power in adequate numbers and quality.
# 8. To kill explicit work-related circumstances.
Here and there an organization or office is having a terrible involvement in associations — ongoing strikes, expensive advantage bundles, or whatever — and the solitary arrangement is to move as distant as they can.
# 9. To be nearer to comparable sort organizations (grouping).
Numerous organizations like to bunch around different organizations inside a similar industry. Silicon Valley and Detroit are exemplary models, yet there are a lot of different models everywhere in the country.
# 10. To improve personal satisfaction.
A few organizations simply need to improve their personal satisfaction. This might be the individual decision of the proprietor.
Or it could be with the goal that the organization can more likely draw kinds of workers. Like engineers, researchers, visual specialists, or whatever, by being in “high caliber of life” area.
Before you start to move out, here are a few tech details you should know about relocating a business. We all vibe that the spot we live in has the best personal satisfaction on the planet.
The significant thing is the way others see personal satisfaction in a specific area. If an organization enlists broadly, or globally, for high-ability representatives, at that point being in an area by and large seen to be “cool” is an unequivocal resource.
How to Make this Relocation Fast (...and Hassle Free)
Moving your business can seem like the most difficult task.
From packing up everything in your current office to getting settled into a new space, there are numerous obstacles along the way.
However, moving your business doesn’t have to be overwhelming or stressful. With some careful planning and consideration, you can make the transition much easier for yourself and your employees.
A Checklist Is a Must!
Planning. Write down a checklist or to-do list of everything that must be done before, during, and after the move.
This includes things like letting employees and customers know, as well as calling the moving companies.
Having a plan will keep you organized and help stop anything from falling through the cracks at the last minute.
Try Hiring Professionals
Don’t try to do it all yourself. Hiring professional movers with experience in business relocations can save you time and stress.
They know how to handle office equipment, furniture, and even sensitive documents. Plus, they can help you avoid common moving pitfalls.
Communicate with Your Team
Keep your employees in the loop- Let them know when/where you are moving, how this will affect their work, and what, if anything, they need to do.
Good communication will help you identify potential problems early and ensure that everyone is prepared for re-opening and is on the same page.
This is also the time to banish any gossip or rumors that can occur at a time of uncertainty.
Declutter Before You Pack
Get rid of the stuff you don’t need. Take a full inventory of your office and decide what to keep, donate, or throw away.
This is an opportunity to not only reduce clutter but also start fresh in your new location.
Label Everything
Labeling will be your best friend!
Labeling is important for being organized on your move. Use post-its or markers to write down the contents of each box and where it will go at the new office. You can unpack much faster and nothing is left behind.
Plan for Downtime
No matter how much time you plan, you will still have some downtime moving.
Make sure your clients know the move date, and if you need to, set up a temporary workspace. You don’t want your entire business to be down.
Visit your new office space before your official move-in date. Make sure everything is in working order.
This includes your internet connection, phone lines, and any other systems you work off. The sooner you find and report any issues, the less of a headache it will be for you down the line.
Why Not Enjoy the Move?
Throw yourself a little party after signing the lease!
Lastly, don’t forget to celebrate. This is a big deal, and your team deserves recognition for its efforts.
Throw an office party or lunch to welcome everyone to the new space. It’ll send some good energy around the office as you open this new chapter.
Follow these tips, and your business relocation will be as quick, organized, and painless as possible.
Read Also:
Mistakes that Expats Make when they Move Overseas
Plan Moving Houses Ahead: 7 Essential Tips
7 Helpful Tips During an Emergency Moving Process
Moving Companies and How they Determine Cost
Finding The Right Moving Company
