Category Archive : Business

Crypto trader investor using computer analyzing cryptocurrency stock market.

Restructuring Your Debt To Improve Your Profit Margin

To make the right decisions about your debt, you need to have a realistic understanding of your business. Take a good, hard look at your numbers and be honest about your profits and losses. If you’re looking to improve your profit margins, you can do a few things to help. One of the most important is to restructure your debt. This means looking at your interest rates, term lengths, and credit limits and making changes where necessary. Keep reading to learn more.

What are some tips to improve your profit margin?

img

Perry Mandera is the founder and CEO of The Custom Companies, Inc., a transportation management firm. He has been in the transportation industry for over 30 years and has extensive knowledge in trucking, freight forwarding, and supply chain management. Perry Mandera has demonstrated a commitment to helping others achieve success. His passion for giving back to the community and his dedication to creating opportunities for others makes him a role model for entrepreneurs and business leaders everywhere. There are several steps involved in Mandera’s debt restructuring strategy:

  • Establish credit lines with multiple lenders: This gives you more flexibility when negotiating terms with your creditors.
  • Negotiate lower interest rates and longer repayment terms: This will help reduce your monthly payments and give you more breathing room financially.
  • Pay off your high-interest debts first: This will reduce your overall interest payments and save you money in the long run.
  • Use cash flow projections to keep track of your finances: This will help you stay on track and ensure that you’re meeting your financial goals.
  • Stay disciplined and don’t overextend yourself financially: This is critical if you want to avoid going back into debt again.

How can debt restructuring improve your profit?

Debt restructuring and bankruptcy are two methods companies can use to improve their profitability. In debt restructuring, a company renegotiates the terms of its debt with its creditors to reduce its payments and interest rates. This can include reducing the money they owe, renegotiating the interest rate, or extending the repayment period. This can help companies free up cash flow to invest in new products or expand their workforce.

Bankruptcy may be an option if your debt is overwhelming and you can’t seem to make any progress. It can provide relief from your debts and may give you a fresh start. However, it’s a serious decision and should not be taken lightly. Speak with a qualified bankruptcy attorney to learn more about your options.

How will paying off high-interest debt help your profit margin?

There are two leading schools of thought regarding how to handle high-interest debt: pay it off as quickly as possible, or reduce the interest rate you’re paying on the debt so you can afford to pay it off more slowly. The first option is usually the better one for businesses, especially if they have a lot of high-interest debt. Reducing your interest rate may make sense if you have a lot of low-interest debt that you want to pay off more quickly.

Paying off high-interest debt first can help improve your profit margin in several ways. Getting rid of high-interest debt will free up more cash flow each month, which you can use to reinvest in your business or cover other expenses. Eliminating high-interest debt will lower your business’s overall borrowing costs and improve its credit score, leading to lower interest rates on future loans.

Try negotiating with creditors to help improve your profit.

img

When a business is struggling, it’s important to take a step back and renegotiate the terms of your debt with your creditors. This can help improve your profit margin and give you breathing room as you work to get your business back on track.

Compile a list of all of your debts and their associated interest rates. Next, devise a plan for how you will pay them off. You may want to consider consolidating debt or negotiating lower interest rates. Reach out to your creditors and let them know about your plan. Be prepared to explain why you cannot meet your current obligations and what steps you take to fix the problem. Negotiating with creditors can be difficult, but keeping your business afloat is often worth it.

Wat is de beste Bitcoin Wallet voor Beginners?

Cryptocurrencies zoals Bitcoin hebben de afgelopen jaren veel aandacht gekregen, waarbij de interesse een all-time high bereikte tijdens de pandemie. Nu denken steeds meer mensen erover om digitale activa zoals Bitcoin te kopen, hoewel het lastig kan zijn om erachter te komen hoe je dit moet doen als je nieuw bent met crypto. Voordat je cryptocurrency’s voor jezelf koopt, heb je een crypto-portemonnee nodig om je vermogen in op te slaan. Er zijn veel verschillende wallets, en het is essentieel dat je er een vindt die je crypto veilig bewaart. Lees verder om meer te weten te komen over wat de beste Bitcoin portemonnee voor beginners is.

Welke Bitcoin portemonnee is het beste voor beginners?

img

Iedereen die op zoek is naar de beste Bitcoin portemonnee zal merken dat er veel opties zijn om te overwegen. Er zijn veel verschillende soorten Bitcoin portemonnees, dus het is belangrijk om de verschillen te begrijpen voordat u er een voor uzelf kiest. U moet er zeker van zijn dat de portemonnee die u kiest het type cryptocurrency dat u koopt ondersteunt, hoewel Bitcoin-ondersteuning op dit moment vrij standaard is. Hoe u van plan bent uw cryptocurrency te gebruiken, is een andere belangrijke factor bij het kiezen van de portemonnee die het meest aan uw behoeften zal voldoen.

Een belangrijke beslissing die u zult moeten maken is of u een hardware-portemonnee of een software-portemonnee wilt. Er zijn ook online, desktop, en mobiele portemonnees, maar deze komen vaak met meer veiligheidsproblemen dan andere alternatieven. De meest aanbevolen manier om digitale activa zoals crypto op te slaan is in een hardware-portemonnee. Deze bieden een gebruiksvriendelijke digitale interface en slaan uw munten op in een veilig, offline apparaat dat meestal de vorm heeft van een geheugenstick. Het gebruiksgemak, in combinatie met veiligheid en betaalbaarheid, is de reden waarom ze algemeen worden beschouwd als de beste keuze.

Als u specifieke aanbevelingen nodig hebt, kunt u de Ledger Nano X overwegen. De Bitcoin-gemeenschap noemt de Ledger Nano X als een van de beste Bitcoin-portemonnees die er zijn. Het heeft zelfs een Bluetooth-batterij die gebruikt kan worden voor draadloze functionaliteit. Dit betekent dat het een hardware-portemonnee is met ingebouwde mobiele ondersteuning, zodat u uw saldo vanaf uw telefoon kunt controleren in plaats van alleen vanaf uw desktop. Hoewel de Ledger Nano X een iets hogere prijs heeft dan andere portemonnees, is het een investering die de moeite waard is voor iedereen die in crypto wil gaan handelen.

Wat is cryptocurrency en hoe werkt het?

img

Cryptocurrency is een vorm van digitale valuta die kan worden ingewisseld voor goederen en diensten en die wordt gekenmerkt door transacties die worden beveiligd door een online grootboek dat gebruikmaakt van sterke cryptografie. Hoewel het gebruik van cryptocurrencies zoals Bitcoin als betaalmiddel steeds gebruikelijker wordt, beschouwen veel mensen crypto vooral als een speculatief activum. De onderliggende technologie die cryptotransacties ondersteunt, staat bekend als blockchain.

Blockchain-technologie is in wezen een netwerk van gedecentraliseerde computers die alle cryptocurrency-transacties beheren, verifiëren en registreren. Ze slaan deze gegevens op in blokken die met elkaar verbonden zijn door het gebruik van cryptografie. Binnen de cryptocurrency-sfeer is de blockchain opzettelijk gedecentraliseerd, zodat geen enkel individu of groep de controle heeft. Er zijn een aantal bedrijven die geïnteresseerd zijn in het gebruik van blockchain op andere manieren, waardoor veel extra toepassingen voor de technologie worden ontdekt.

Er is veel te leren over cryptocurrency, maar er zijn veel hoogwaardige bronnen online beschikbaar die je alles kunnen leren wat je moet weten. Een van de eerste dingen die u moet doen is een Bitcoin-portemonnee kiezen om uw crypto in op te slaan, maar het kan overweldigend zijn om te beslissen met zoveel beschikbare opties. De verschillen tussen hardware- en software-portemonnees kunnen ook moeilijk te begrijpen zijn als u niet veel weet over hoe crypto werkt. Neem de tijd om jezelf een beetje te onderwijzen, en het zal je helpen slimmere keuzes en investeringen te maken.

What Is a Radiologic Technology Degree?

Anyone who has ever had an X-ray or imaging study has interacted with a radiologic technologist. Becoming a radiologic technologist requires a postsecondary certificate program, an associate degree, or a bachelor’s degree. Certain states require you to be licensed or certified, and most employers give priority to radiologic technologists who have undergone formal training and hold a certification.

What’s a Radiologist Technician?

img

A radiologist is a health care professional with the skills and training to use X-rays and other imaging technologies to help diagnose patients. Radiologist technicians are responsible for patient positioning and shielding them to ensure a proper image is taken. Those technicians with advanced training administer radiation therapy to treat cancer and other illnesses. Within health care, these technicians are also known as radiologic technicians and radiographers.

There are countless career paths to pursue within the health care field, many of which don’t require a medical degree. Choosing the right college and educational program that best fits your strengths and educational goals can be overwhelming. Working with a college consultant not only makes the college admissions process less daunting but also improves your success rate of gaining acceptance into top universities. Empowerly matches college applicants with the best college admissions consultants and dedicated case managers to provide peace of mind throughout the college applications and admissions process.

A college coach provides admissions committee reviews, college admissions counseling, essay editing, internship matching, and advice about financial aid and scholarships. The best way to improve your chances of gaining acceptance into your dream school is to work with an expert college consultant.

Roles and Responsibilities

img

Radiographers can either practice general radiography or pursue a specialist career in cardiac or vascular interventional radiography, computed tomography (CT), mammography, magnetic resonance imaging (MRI), nuclear medicine, or sonography. They are responsible for correct patient positioning to produce accurate image quality. There are several roles and responsibilities of a radiologic technician. They prepare patients for imaging by explaining the procedure and preparing them for testing. They review patient histories, charts, and doctor’s reports and keep images organized. Technicians are responsible for the calibration of radiology equipment, as well as staying current on radiation safety measures to protect against radiation exposure. Technicians ensure the clarity and image quality before relaying them to doctors, and they keep radiology equipment properly sterilized and stored.

There are many specialized, high-demand career paths in the medical field that require specific training, such as medical imaging. Pursuing a career in the radiologic technology profession can be rewarding for those who are detail-oriented, good with technology, and passionate about patient care. Students who earn their radiologic technology degree from Northwestern College will learn the fundamentals of the radiology field and be prepared to work in a range of health care settings.

The associate degree program features coursework in radiography, patient care, radiation protection, radiographic procedures, medical terminology, medical imaging, medical law and ethics, and anatomy and physiology. Upon earning a radiologic technology associate degree, students are qualified to sit for licensing exams, including the American Registry of Radiologic Technologists (ARRT) exam.

Work, Education, and Employment

img

Qualified radiologic technologists work in a variety of settings, including health care facilities, medical labs, clinics, doctor’s offices, and more. Some technologists specialize in imaging in operating rooms, emergency rooms, procedural suites, and specialized imaging departments. Becoming a radiologic technologist requires strong math, science, and critical thinking skills, as well as coursework in anatomy, physiology, computer science, biology, and more. Technicians do need to earn an associate degree or bachelor’s degree or complete a certification program. Upon completion of an accredited program, radiographers must pass the American Registry of Radiologic Technologists (ARRT) exam to become certified and registered as radiologic technologists.

Pursuing a career in radiologic technology can be a rewarding way to enjoy a medical profession without investing time and money into a medical degree.

Business Practices and Services To Elevate Your Company

Launching a small business is a great accomplishment, but it takes a lot of work to build a successful company. Many business owners make the mistake of thinking their enterprise will run itself and that all they have to do is get the ball rolling. Well, there’s nothing further from the truth.

The United States has the world’s best economy because it’s the most competitive, meaning the cream usually rises to the top. To build a successful brand, you have to constantly work to enhance your products and best practices to elevate your company. In this brief article, we’ll discuss some services and business operations that are essential to growing your enterprise.

Digital Marketing and SEO

img

One of the advantages large corporations have over small businesses is that they have a much larger marketing budget. However, the growth of digital marketing has leveled the playing field for businesses of all sizes, as it’s inexpensive and wildly effective. Indeed, you can create digital marketing campaigns for little to nothing, but creating engaging digital content that can rank high on search engine results pages is a skill that takes years to develop.

As we mentioned, you can market online for free, but without search engine optimization (SEO), your reach probably won’t extend far beyond your social media circle. SEO is a set of best practices and software tools that increase the online presence of companies. It involves optimizing their digital content to make it more appealing to search engines and increase their domain authority.

With the right SEO best practices, you can outshine large corporations in your local market. Birmingham is a city that supports its small businesses, and with local SEO, your business can rank higher in your region than large businesses that provide the same products and services.

Flagstone Search Marketing is an SEO company Birmingham should be proud of. Their content has been featured in some of the top publications in the world, and they’ve helped plenty of small enterprises like yours maximize their digital marketing efforts.

Presentation Design

img

One of the greatest needs for growing companies is capital. Attracting investors is vastly different from attracting new customers. Investors expect a thorough presentation to show them why they should infuse your enterprise with their money. You need to create engaging content that will show them why they should be excited to invest in your business, and regular old diagrams and pie charts won’t do it.

The best option when you need a presentation for potential investors is to outsource to project management or presentation design company. They can help you create templates for content using your brand colors and employ an online graph maker to create interactive infographics.

Data Science

img

Big data is one of the most powerful forces in the business world, so if you’re not using it, your business isn’t operating at its full potential. The right data science services can help your company turn raw data into insights that shape the way you do everything, from consuming energy to monitoring employee productivity.

Taking your company to the next level isn’t a one-shot deal—it’s a never-ending process. As a business owner, you should always be looking for ways to enhance your company’s best practices. Furthermore, you can’t build a great company alone, so using the right services is critical to your success.

Search engine optimization, presentation design, accounting, and data science are vital business operations. They require skills that take years to develop and hundreds of thousands of dollars to acquire. However, outsourcing means you only pay for the services you use, saving money and increasing your ROI. You can’t elevate your company overnight, but by outsourcing these services, you’ll be well on your way.

4 Resources for Business Owners

Owning a business comes with a number of responsibilities and challenges that can be difficult to manage for even those with significant experience. Small businesses face unique challenges since they often can’t afford to hire full-time staff to address their needs. Fortunately, there are a number of services and products available that can help any business streamline its operations and reduce the workload on its employees. Practical challenges like a lack of space for inventory or confusion about tax obligations can also be resolved with outside help. Read on to learn more about four great resources for business owners.

1. Custom Printing Services

img

Many businesses need to print and produce custom products but lack the resources to handle high-quality printing on their own. A custom printing service can address your company’s needs when it comes to promotional gifts, customized client tax folders, professional stationery, and more. Mines Press is a great option for anyone who needs a printing company. In addition to the previously mentioned products, they can also print business cards, envelopes, calendars, and a wide variety of other promotional products.

Custom printed products also have other benefits besides their utility and ability to be gifted to potential investors, partners, or clients. Having a visual identity for your business that is consistent is important. Brand consistency has been proven to be an asset for any business, especially those that are newer and looking to expand their audience.

2. Storage Units

img

It’s common for businesses to need additional storage space, no matter what industry you’re in. Business storage units can provide a place to store everything from inventory to office supplies. A storage unit can even also be a good place to secure business vehicles. Depending on your needs, you can rent storage units of all sizes or look for storage solutions for larger items like a truck or company car.

3. Accounting Software

img

If you don’t have a full-time accountant on staff, it’s likely that you’ll need some help with the financial side of running your business. There are several different types of accounting software that can handle some of the harder stuff for you. Your accounting software can also automatically generate financial reports and produce professional financial statements you can give to clients and collaborators.

4. IRS Small Business Portal

img

Taxes on businesses, especially small businesses, can be difficult to understand. Paying your taxes and being in compliance with all government regulations for your business is essential, but luckily, the IRS provides a portal with all the information you need to answer all of your tax questions.

If you need assistance with learning how to file your business taxes, understanding how much you owe, or what deductions you may qualify for, the IRS Small Business Portal is the best place to go to find answers. You shouldn’t spend money on advice from a financial advisor that you can find yourself online.

Whether your business is struggling to manage its finances, promote itself effectively, or handle the logistics of storage and delivery, there are resources available to help you out. You may even be able to save money and increase your profitability by improving your accounting and learning more about the tax deductions your business is entitled to. Taking advantage of the products and services available to you as a business owner will also take some work off your plate and enable you to focus more on the bigger picture. While it can be tempting to do it without any assistance, it’s always better to give your business the help and support it needs to thrive.

Are There Any Legal Requirements When Starting a CPR Training Business?

The short answer to this question is no: there are no legal requirements specific to starting a CPR training business. However, legal requirements and considerations for generally starting a business will apply to your CPR training business. The following are a few areas that you will need to research before starting a CPR training business to ensure you are meeting all of your legal obligations as a business owner.

Training

img

You will need to follow an approved training program to ensure that all of your students learn actual CPR that will work in an emergency. You can get a CPR AED certification online to see the process and materials used and get a feel for how others teach CPR. As a trainer, you will need to keep an updated certification, which you can do online.

Supplies

img

If you are planning to teach in-person training classes, you will need supplies for your class. Those supplies will include educational materials for the students, CPR mannequins called Resusci Anne, and personal protective equipment used during CPR. If you are also training AED, which is often taught along with CPR, you will need an AED machine and AED pads to show students how it works. You will also need the CPR certificate of completion to give to students who complete the course.

If you want to offer a hybrid of online and in-person classes, you will also need to set up a website for the online portion of the CPR certification. As the business owners, setting up and maintaining the website and online classroom portal will be part of your overhead expenses that you will need to plan for.

Taxes

img

As a business, you will need to register for an Employer Identification Number (EIN) and pay business taxes. It is best to work with an accountant, so as your business grows, you will know what you need to pay for estimated taxes. Hiring a bookkeeper and using a program like Quickbooks will allow you to stay on top of your financial information, so when it comes time to file taxes, you have everything is done and ready to go. Although the bookkeeper and accountant will be an extra expense, it will be worth it for the growth of your business and your peace of mind. You may also have to pay state, regional, and local taxes depending on where you live, so it is important to choose a local accountant who will be familiar with those requirements.

Insurance

img

You will need business liability insurance to protect yourself and your business from lawsuits. If you own a building where you hold the classes, you will also need insurance to protect the building and people while they are in the building if there is ever an accident on your property. Talk to your insurance agent about your business plan to determine how much insurance you will need.

Business Registration

img

This will depend on where you live and whether you are operating from your own location. Many areas have license requirements for businesses operating out of their communities. You will need to check with your local municipality to see the requirements for starting a business in your community.

As your business grows, you may turn it into a franchise opportunity for other entrepreneurs to open up their own CPR training facilities under your direction. There are a lot of national companies that offer franchise opportunities. For example, McDonald’s, Subway, UPS, and Denny’s are all franchise companies. There may be additional business registration, insurance, and tax obligations with a franchise, so it is important to look into those before deciding. Your accountant will be able to provide insight into the implications of starting a franchise business model.

Services To Help You Keep Track Of Your Business’s Inventory

Anyone who owns a business understands the importance of maintaining efficiency in your supply chain. Inventory management can be one of the most challenging parts of this, especially if you’re still relying on manual systems to take care of it. In a world of big data and digital transformations, it’s hard for any type of business to keep up reliance on legacy systems. This is true whether you’re running a small business or a large enterprise, and it’s true whether you’re running an eCommerce shop or a brick and mortar retail store. Even if you prefer to maintain a physical store, it’s a bad business practice to forgo online shopping options entirely, especially when you consider that worldwide eCommerce sales surpassed $4.2 trillion during the COVID-19 pandemic last year.

Making online shopping offerings gives your business a piece of that lucrative pie and can have other benefits as well. For example, if you increase your online presence, you can bring additional foot traffic to your brick and mortar store. This is because customers frequently use their smartphones and mobile apps to find places to shop, and the better your online presence, the more likely it is for your business to show in local searches.

Of course, adding online shopping options also adds another layer to your inventory management, since it will be almost like tracking inventory for two different stores. That’s why you’ll need some of the best services available to help you keep track of your inventory and equipment, as well as keep your books balanced. Here are just a few business services that you can’t afford to miss out on if you want to take your retail store to the next level.

Enhanced Retail Analytics

img

You should already be using a point of sale system (POS) to help you with sales data and inventory data, but you can enhance the capabilities of your POS greatly by pairing it with retail data analytics. Businesses both inside and outside the retail industry rely on advanced data analytics these days to gain insights into their business processes and make better business decisions.

Put simply, retail analytics is the process of collecting and analyzing data regarding inventory levels, supply chain efficiency, customer preferences, sales data, and any other information that helps you maintain excellent procurement practices. One great feature of retail analytics software is that it can use a combination of historical data and current customer data to accurately forecast customer demands through predictive analytics, so your POS system can send you alerts exactly when you need to restock. You can even choose to have alerts automatically sent to your suppliers, so you don’t even have to put in the orders yourself.

Having easy access to inventory, sales, and customer data also makes it easier for you to improve customer service. For example, you can use all this data to determine who your best customers are and make them special offers based on purchasing history. You can also use this data to help you set up customer loyalty programs that offer points to shoppers that they can trade in for discounts and other advantages.

Equipment Management Solutions

img

Of course, the products you have for sale in your store aren’t the only inventory you need to keep track of. You also need to worry about the equipment you keep on hand in stores, such as electronic barcode scanners, credit card, and debit card scanners, mobile devices, and more. The last thing you need on your mind is missing equipment or additional costs for when equipment is damaged. That’s why equipment management software is so important for any store.

A reliable equipment management solution will let you easily track what equipment is available at any time, who’s using checked out equipment, and even the exact location of each item in use. This makes it much easier to hold employees accountable for any equipment that may be damaged or missing. With a convenient mobile app, employees can check out equipment on the go, and they can even scan asset tags for immediate troubleshooting. Asset management software even makes it possible for maintenance managers to schedule regular appointments for preventative maintenance, so you can be sure your equipment functions as intended at all times.

Accounting Software

img

While advanced analytics and asset management will help you take care of a lot of the stressors involved in a retail business, you’ll need top-notch accounting services to make sure everything is affordable and that your new business plans are working out. If you’re a small business, then one bookkeeper with QuickBooks might do the trick, but as you start to grow, you might want to look into online accounting services to ensure that your finances are in good hands.

Maintaining an in-house accounting team is costly, and you’re unlikely to ever need it for much of the year. It’s extremely cost-efficient to outsource this need, and it lets you find experts in the field who likely have more experience than employees you’d hire in person anyway. When it comes to your online sales, you can even find eCommerce accounting services that specialize in different niches and can help you with your marketing as well.

No matter what kind of retail business you’re running, you’ll need the best tools and services available to make smarter decisions and put yourself ahead of your competition.

5 Characteristics of Big Data

Big data has become one of the biggest and most recognizable terms in commerce in recent years. In truth, the term big data is self-explanatory. Big data is simply large amounts of data, and while there is nothing new about the concept of big data, the things we can do with it now are cutting edge.

Even though there is no true definition for big data, there are some characteristics that you should expect from big data technology. Continue reading to learn more about the features of big data analytics and how your company can benefit from a big data strategy.

1. Big data is big.

img

As the name indicates, one of the main characteristics of big data is that it’s big—in fact, it’s ginormous. To get an idea of who “big” big data truly is, with capable big data technology, you can manage petabytes of data. Petabytes are equal to 1,024 terabytes.

As you can imagine, the larger the volume of data your company has to work with, the easier it is to pinpoint areas of the market that are ripe for the taking and identify ways to make your operations more efficient. Through data mining, big data technology can analyze data from large databases and provide different types of analytics from predictive to streaming.

As one of the industry leaders in big data technology, Tibco actively seeks to increase what we’re able to do through data analytics. In fact, one of their main goals is to equip the data scientists of the future with the big data analytics software they need to continue making our technology smarter and more customized.

2. Big data is fast.

img

Another one of the most important big data characteristics is velocity. Businesses, governments, and NGOs need big data in real-time, making velocity a critical feature. The quicker you can get insights into markets and operations, the quicker you can make adjustments and crucial decisions.

You can credit the velocity of big data to the use of machine learning algorithms that employ artificial intelligence to collect and clean terabytes of information as soon as it’s available. Big data increases the speed with which insurance companies make policy decisions and played a monumental role in the velocity of the global COVID-19 response. So you can see why big data is big business.

3. Big data is accurate.

img

When gathering a large amount of data from various data sources, including the internet of things (IoT) and relational databases like social media, it’s paramount to ensure the veracity of such a huge amount of data. One of the best features of big data is that it’s much more accurate than traditional data means and methods.

The old ways of collecting and analyzing data were too prone to human error. When you’ve got data from different data sets such as data lakes and data warehouses, veracity is of the utmost importance and integral to data quality.

4. Big data promotes variety.

img

Another great characteristic of big data is that you can collect, manipulate, and analyze a variety of data from multiple data sets. From mobile devices to various social media platforms, you can collect all types of data and use it to optimize your business operations and products. Data mining technology enables you to compile large amounts of data and recognize variables that enable different types of analytics like predictive analytics and visualization.

5. Big data is time and cost-efficient.

img

The traditional methods of managing a large volume of data aren’t only outdated, but they’re also costly and time-consuming. Big data processes make intricate data easier and cheaper to collect, store, and manipulate. The time and money spared by big data business processes mean that execs can designate data stewards within the company to watch over and manage data rather than enduring the IT specialist hiring process.

While there is no real definition for big data, it’s revolutionized the way we collect and apply business intelligence. With the ability to store and manipulate large volumes of data and different types of data from different sources in real-time, big data analytics is the wave of right now and the future.

4 Great Career Paths To Make a Difference

To many people, working hard at a job and earning money for oneself and one’s family are essential aspects of life. Working diligently in a fruitful career not only enables people to support themselves and their loved ones and afford some luxuries, but it can also be a way for people to make a difference in others’ lives and their chosen career fields.

If being helpful and making a difference in others’ lives are your passions, consider finding ways to do so professionally on a larger scale. You could start a business offering services to others that could impact their physical, mental, emotional, and social wellbeing. Listed below are four great career paths for individuals whose goal is to make a difference.

1. Pursuing a career in law enables you to make a difference on individual and social levels.

img

As a lawyer, you can make a change in various ways. Lawyers have the vital role and responsibility of working to right any wrongs they observe in their community or advocating effectively and passionately on behalf of those who can’t do so for themselves. If you desire a legal career, keep in mind that you could work in almost any field and make a difference. You could handle legal issues in criminal justice, business, politics, healthcare, education, entertainment, and more.

You could become a divorce lawyer or a bankruptcy lawyer and take up bankruptcy cases, helping people with bankruptcy filings and giving legal advice. One of the best Louisville bankruptcy lawyers, for example, is notable for thoroughly understanding bankruptcy laws, forging an excellent attorney-client relationship with clients, and years of experience giving people the fresh start they deserve during and after foreclosure and bankruptcy filing. Working as a bankruptcy attorney or in another practice area would require immense training, an understanding of the law, and the ability to establish an excellent attorney-client relationship with diverse clients who have various needs.

2. Consider a career where you can help others understand and improve their mental health.

img

Many people in the United States and other countries continue to struggle with the challenges and anxiety-inducing fears associated with the novel coronavirus 2019 (COVID-19). It can be challenging to stick to a daily routine, engage in physical activity, follow a balanced diet, and practice stress management or sufficient self-care. Adolescents and teenagers might be some of the hardest hit by the current pandemic, as worldwide societal changes may have exacerbated stress and depressive symptoms they may have already been experiencing regarding academics, social lives, body image and obesity, and bullying.

If you were a mom, dad, or guardian concerned about your child’s mental health and its impact on their physical health, you might turn to a counselor for what to do about happiness and your teen. Considering how helpful counseling professionals and therapists can be to individuals and families regarding youth and adult mental health, being a therapist could be the career path for you to make a difference to others.

As a therapist, you may also be the professional people turn to when their family deals with stressful events, such as a family member receiving a cancer diagnosis. Navigating cancer treatment can be overwhelming and emotionally and financially challenging for cancer patients with all types of cancer, like prostate cancer or breast cancer, and their caregivers. Using your expertise and having empathy and compassion, you can help people stay positive during cancer treatment and chemotherapy.

3. A career as a certified behavior analyst can help you impact others.

In behavior analysis, also referred to as applied behavior analysis (ABA), behavior analysts study behavior and learning principles and apply changes to improve specific behaviors. Behavior analysis can be effective for individuals with autism spectrum disorder, cognitive impairment, mood disorders, anxiety, behavior disorders, learning disabilities, and other psychological disorders, improving their behaviors at home, in the classroom, at the workplace, and in other places.

Before one can become a behavior analyst and make a difference in others’ lives through behavior analysis, they must obtain the proper qualifications. Earning your bachelor’s degree in behavior analysis and participating in an ABA internship are some ways to gain the skills and knowledge needed to be a behavior analyst. Take it a step further by pursuing a master’s degree in ABA. Don’t let the coronavirus stop your professional development—consider obtaining your masters in applied behavior analysis online. The best online master’s degree program empowers graduate students with the core skills needed to serve individuals with learning and behavioral challenges and prepares them for the Board Certified Behavior Analyst (BCBA) certification exam, equipping them to be behavior analysts in a variety of settings.

4. Take up a career in animal welfare.

img

Wildlife and animal lovers can make a difference in animals’ lives and well-being by exploring veterinary career options. Consider taking care of injured or orphaned animals and ensuring they receive the rehabilitation they deserve and need. Furthermore, you could play a vital role in planning animal relocation through release into the wild or adoption.

Using your talents, ideas, and services in the right career path can give you personal fulfillment while you benefit others.

Why You Need Tail Insurance for Your Medical Practice

Most adults are aware they may need life, auto, and homeowner’s insurance. Business owners and employees may need additional forms of insurance to protect their income and business.

Doctors, dentists, physical therapists, occupational therapists, and audiologists are medical professionals who may have a medical practice. If you’re a healthcare provider with practice, you may need additional insurance, including tail insurance.

What is tail insurance?

img

Insurance that covers medical professionals after they’ve left a job is called tail insurance. Healthcare providers need medical malpractice insurance to protect themselves from medical malpractice lawsuits. Malpractice insurance covers the costs of legal fees and settlements in the event of a malpractice lawsuit.

Once you leave your job, however, your medical malpractice insurance for that place of employment ends. This means you aren’t covered for any future claims related to your last place of employment.

You can protect yourself from future claims when you leave a job by securing tail insurance from an insurance company. The only living medical professionals who do not need to pay for tail insurance are those who become disabled or retire.

Tail insurance is expensive. Instead of paying additional premiums, policyholders must pay a one-time lump sum for tail insurance. Following a career change, insurers offer policyholders 30 days to obtain tail coverage.

Why do medical professionals need tail insurance?

img

Medical professionals may be sued for several reasons. Medical malpractice doesn’t just encompass active wrongdoing on the part of healthcare providers. Malpractice suits can be filed for negligence if the patient feels you haven’t provided the minimum standard of care required.

The needs of each client can complicate allegations of negligence. For example, when communicating with seniors, medical professionals must consider the unique needs of older adults. If you’re treating an older adult with Alzheimer’s, you may also need to communicate with caregivers or family members. This can present legal issues if the patient hasn’t assigned medical power of attorney to a caregiver or family member, because the Health Insurance Portability and Accountability Act (HIPAA) prevents medical professionals from disclosing patient information without legal authorization.

Healthcare professionals may also face communication challenges if they’re treating patients whose first language isn’t English. Miscommunication can complicate healthcare delivery and lead to potential legal issues. Ultimately, securing tail insurance is a good idea because it ensures you can change your place of employment with peace of mind. If legal issues do arise, your insurance company has an active policy that will protect you from bearing the costs of legal fees and settlements.

How do healthcare providers obtain tail coverage?

Start by contacting your current insurance company to get a quote for tail insurance coverage. Once you’ve received the quote, contact other insurance providers to determine the best rate they offer and find the best tail policy option. For example, MEDPLI employs tail insurance specialists who strive to provide the amount of coverage required for the best rate possible. Comparison shopping is the best way to ensure you get the amount of coverage you need at the best price.

You can prepare for your career change by setting aside extra money to cover tail coverage costs. It’s normal for tail insurance to cost over $10,000.

What other forms of insurance do medical professionals need?

img

As a healthcare worker, you need multiple forms of insurance. You need medical malpractice insurance to protect yourself if you’re sued. Malpractice insurance pays for your legal expenses. It also covers the costs of a judgment or settlement.

You also need income protection insurance, particularly if you have a practice. Income protection insurance protects you if you’re unable to work. If you’re injured in an accident or become ill, your income protection insurance provides compensation while you’re off work. Since medical professionals are regularly exposed to viruses through their work, income protection insurance is the best way to protect your income.

You should also obtain a term life insurance policy. You can review policy options from life insurers by accessing life insurance quotes online. Follow the prompts to receive a free quote to determine how much coverage you can receive and your coverage premiums.

Medical professionals may face unique challenges that make it challenging to communicate effectively with patients. Since medical professionals can be sued for negligence, it’s crucial healthcare providers who change jobs obtain tail insurance. Tail insurance extends their malpractice insurance to protect them from lawsuits filed after they change their place of employment. Healthcare providers also need other forms of insurance, including income protection insurance and life insurance.