Menu
Menu

Don’t Freeze Your Business: 6 Unbelievable Hacks for Supercharged Industrial Heating

Avatar photo Brandon Foster on June 19, 2023

Industrial heating is often necessary for machines and equipment to remain operational, yet this process can be costly, difficult to manage, or just plain inefficient. But what if there was a way to maintain industrial heating in an efficient and cost-effective manner? Here are some unbelievable hacks that can help you supercharge your industrial heating system! From utilizing thermal blankets to embracing the power of humidity control systems, these tips will put your industrial operations ahead of the competition. Reduce energy output while simultaneously increasing production—it’s time you get on board with one (or all) of these revolutionary strategies!

Invest in Thermally Efficient Insulation 

Investing in thermally efficient insulation is a wise decision that can help you save energy costs and improve the efficiency of your heating system. With the right insulation, you can maintain a comfortable temperature inside your business even during the coldest months of the year. And by reducing heat loss, you’ll use less energy to heat your business, which means you’ll spend less on your energy bills. Plus, with improved efficiency, you can enjoy a more eco-friendly home and reduce your carbon footprint. So if you’re looking for a cost-effective way to enhance the energy efficiency of your business, thermally efficient insulation is the way to go. If you rent an industrial heater, you’ll also benefit from improved insulation. It’s important to remember that a heater can only be as effective as the walls and other insulation materials surrounding it.

Install Smart Temperature Sensors 

Gone are the days of manually adjusting the thermostat every hour or so in hopes of achieving the perfect temperature. With the installation of smart temperature sensors, maintaining an ideal temperature in your workplace has never been easier. These innovative sensors are incredibly accurate, ensuring that your heating system is working as efficiently as possible. Not only will this save you money on energy bills, but it will also provide you with peace of mind knowing that your space is always at the optimal temperature. So, why wait? Make the switch to smart temperature sensors and enjoy the benefits of a perfectly heated space year-round. Additionally, you should have your industrial heater serviced regularly to ensure that it’s running as efficiently as possible. The combination of temperature sensors and regular maintenance will optimize your heating system, allowing you to save energy and money in the long run.

Utilize Heat Exchangers 

Are you tired of wasting energy and money on your cooling and heating systems? Why not utilize heat exchangers to capture and reuse that energy instead? By installing a heat exchanger, you can recycle the heat energy generated by your cooling processes, saving you both money and resources. These devices work by transferring heat from one system to another, allowing you to harness it for other uses such as heating your building or even supplying hot water. With the added benefit of reducing your carbon footprint, installing a heat exchanger is a smart choice for any business looking to become more energy-efficient. If you’re not sure which type of heat exchanger is right for your business, consult an expert to make sure you choose the best option.

Install Radiant Heating Panels 

As the temperatures drop, no one wants to be left shivering indoors. Radiant heating panels are an excellent solution for those seeking warmth without the hassle of bulky radiators taking up precious space. Not only is this type of heating known for its high efficiency but it also quickly and evenly distributes heat throughout the premises. Say goodbye to vents blowing hot air on one side of the room and a cold draft on the other. Radiant heating panels ensure that every inch of your space is thoroughly heated for ultimate comfort. And with the added bonus of energy savings, installing radiant heating panels is a smart and practical choice for any office.

Use Solar Power for Heating Purposes

The rising cost of traditional energy sources is a major concern for industries that rely heavily on heating processes. However, the use of solar power can provide a sustainable solution. Harnessing the power of the sun, industries can gain constant access to free energy that can be used for a variety of heating purposes. This not only helps save on energy costs but also minimizes the carbon footprint. Solar energy is a renewable and eco-friendly option that can be utilized for various industrial operations. The adoption of solar power can pave the way for a cleaner and greener future, benefiting both the industry and the environment. Plus, you can combine solar power with other energy-efficient strategies to maximize savings. 

Consider Wind Turbines & Geothermal Heat Pumps 

The quest for renewable energy sources has been gaining momentum in recent times, and two contenders leading the charge are wind turbines and geothermal heat pumps. Wind turbines are impressive structures that generate electricity from the kinetic energy of moving air. But did you know that this electricity can also be used for industrial heating? Efficiency and sustainability are the hallmarks of geothermal heat pumps, which utilize the heat naturally present in the earth to warm homes and buildings. Not only are they more eco-friendly, but they’re also considerably more efficient than traditional heating and cooling systems. Together, wind turbines and geothermal heat pumps are instrumental in the move toward a greener future. They are both excellent options for businesses looking to reduce their energy costs and embrace sustainable solutions. It’s worth noting that, while these solutions may involve a higher initial cost, they are likely to pay for themselves in the long run with their energy savings. 

Industrial Heating

Investing in sustainable and cost-saving technology for industrial heating is a wise move; large businesses and manufacturing firms have much to gain by making the switch. Employing thermally efficient insulation, temperature sensors, heat exchangers, radiant heating panels, solar power, wind turbines, and geothermal heat pumps can work together to provide dependable and affordable energy for industrial purposes. Not only do these solutions reduce current costs but they also help ensure that future investments are both safe and profitable. So if your business or manufacturing firm is looking for an energy solution that provides cost savings and environmental benefits, make sure to consider switching to renewable sources of energy for your industrial heating needs.

How To Find And Choose A Reliable Logistics Partner?

Avatar photo Brandon Foster on June 19, 2023

Finding a reliable logistics partner can be one of the most difficult decisions your business has to make – and it’s also one of the most critical. After all, if you’re entrusting another party with the transportation and delivery of your goods, you need to make sure that they can efficiently get them where they need to go on time. That’s why it’s important to approach this process cautiously, carefully assessing different companies before committing.

In this blog post, we’ll look at some key aspects that will help guide you through selecting an appropriate logistics partner for your business needs.

Evaluate Your Needs

As a business owner, finding a logistics partner that can meet your needs is crucial. To do so, it’s important to evaluate what services you require and the type of product you’re shipping. For instance, shipping hazardous materials requires specific handling and transportation procedures that not all logistics companies can provide. When choosing your logistics partner it’s also crucial to consider the scope of services you need, such as warehousing, transportation, and customs clearance. By being clear about your needs, you can find a logistics partner who can provide the specialized services and expertise required to ensure your products are transported safely and efficiently.

Research Potential Partners

If you’re looking for a potential partner for your business, it’s important to do your research before committing to any deals. One way to gauge a company’s reputation and reliability is to look for reviews and references online. This can give you an idea of how they’ve performed in the past, how they treat their clients, and what kind of experiences others have had when working with them. By taking the time to do this research, you can make an informed decision about whether or not a particular company is the right fit for your needs.

Consider Location

When it comes to deciding whether to have a business partner located close to you or further away, it depends on your specific needs. If your business requires constant collaboration and face-to-face meetings, having a partner nearby could be extremely beneficial. However, if your business is more flexible and location independent, having a partner who is further away may not be such a hindrance. Having a partner in a different location could open up opportunities in new markets and expand your reach. Ultimately, it’s important to weigh the pros and cons before making a decision and to choose what works best for the success of your business.

Analyze Pricing

The cost is undoubtedly a key factor to consider. However, it is important to not just look at the price tag but also the scope of services and the overall value for money. Researching and comparing the pricing and services of different logistics partners is crucial to ensure you make an informed decision that ultimately benefits your business. By analyzing the pricing of various logistics partners, you can find the best fit for your specific needs and budget, while also receiving quality service that meets your standards. Choosing the right logistics partner can make all the difference in streamlining your supply chain and achieving your business goals.

Logistics

Discuss Terms Of Service 

Find out about their terms such as payment options and delivery schedules. It’s important to know what your partner can and cannot do so that you have a clear understanding of the services they offer. Make sure to understand any extra fees that may be associated with their services, such as storage and handling costs. Having an agreement in place outlining each party’s responsibilities and expectations will help ensure smooth operations going forward.

Protect Yourself Legally

When it comes to working with logistics companies, it’s essential to have a thorough understanding of the contracts you sign to protect yourself legally. These contracts can be complex and difficult to navigate, especially if you’re not familiar with legal jargon. That’s why it’s crucial to educate yourself on the terms and conditions of these agreements to ensure that you’re fully aware of the risks involved. In addition to reviewing contracts, you can also put additional protections in place to minimize risk. For example, you can include clear instructions for how your goods should be handled or request regular updates on their progress. By taking these steps, you can ensure that your working relationship with a logistics company is built on a strong foundation of transparency and trust.

Selecting a logistics partner is an important decision that should be taken seriously. The right logistics partner can make managing your shipping process easier and more cost-effective, while the wrong choice can cause avoidable issues such as unmet deadlines and costly mistakes. Evaluating your needs and researching potential partners are essential steps for making an educated decision, as is checking their location, pricing structure, terms of service, and legal protection options. As long as you have all of the necessary information about a potential logistics company, you can rest assured that your shipping process will run smoothly with minimal risk.

Smart and Simple Habits to Support Men’s Health and Well-Being

Avatar photo Brandon Foster on June 19, 2023

For countless men across the world, the concept of maintaining their health and wellness has been made a priority in recent years. However, without proper guidance, knowing what actions to prioritize and which habits will create sustainable change can be difficult. 

This blog post will discuss some easy ways for men to support their well-being and present simple yet effective practices they can incorporate into their daily lives. From healthy eating choices and regular exercise routines to mindfulness exercises and embracing positive self-talk, discovering how best to stay in shape physically and mentally is key for overall well-being. Read on to learn more about these smart strategies!

Keep An Eye On Your Testosterone Levels

Men’s testosterone levels typically fall as they get older. However, a steep drop in testosterone can lead to serious health issues like low sex drive, depression, and even bone loss. As a result, men need to keep an eye on their testosterone levels and take action if they notice any abnormalities. The team behind Atlanta Men’s Clinic says that this includes regular checkups with a doctor who can monitor testosterone levels as well as make recommendations for lifestyle changes and/or testosterone replacement therapy. By taking care of their testosterone levels, men in Atlanta can maintain their health and vitality for years to come.

Exercise Regularly

Keeping active has numerous benefits for both our physical and mental well-being. By dedicating just 30 minutes each day to exercise, we can experience a host of positive effects. Not only does it help to improve focus, but it can also work wonders in reducing stress levels and increasing our energy levels. Whether it’s going for a brisk walk, hitting the gym, or trying out a new fitness class, incorporating exercise into our daily routine is an excellent way to boost our overall wellness. By making it a habit, we can reap the long-term benefits that come with regular physical activity. So why not lace up those shoes and get moving?

Eat Healthy

Eating healthy is essential for maintaining a well-balanced diet and keeping nourishing and energizing your body corporating fresh produce, whole grains, healthy fats, and protein into your meals can do wonders for your health. Fresh produce such as fruits and vegetables provide us with essential vitamins and minerals that are crucial for sustaining our body’s functioning. Whole grains are an excellent source of complex carbohydrates that fuel our bodies with energy. Healthy fats, such as avocado and nuts, are necessary to keep our body balanced and support brain health. 

Finally, protein is essential for repairing and building our body’s tissues and muscles. If you focus on incorporating these four components into your diet, you’ll set yourself up for success to achieve and maintain a healthy lifestyle.

Stay Hydrated

Staying hydrated is essential to maintaining good health. Drinking plenty of water throughout the day is one of the best ways to ensure that your body is properly hydrated. It’s important to remember that your body needs water to function properly and that dehydration can lead to a variety of health issues. By drinking enough water, you can help flush out toxins from your body, which can help you feel better and have more energy throughout the day. So if you want to stay healthy and feel your best, make sure to drink plenty of water and stay hydrated!

Practice Relaxation Techniques

Life can often be stressful, and it is easy to feel overwhelmed by daily pressures. However, practicing relaxation techniques such as deep breathing exercises or mindfulness meditation can have a significant impact on our mental and physical well-being. By regularly taking time to slow down and focus on our breath, we can control our stress levels and reduce anxiety. Deep breathing exercises, for instance, can help calm the nervous system and lower blood pressure. Mindfulness meditation involves paying attention to the present moment without judgment, which can help us cultivate a greater sense of calm and inner peace. With the many benefits of relaxation techniques, it is worth incorporating them into our daily routines for a healthier and happier life.

Men's Mental Health
All of these recommendations contribute to a healthier, more productive lifestyle for men. When you commit to getting enough sleep, regular exercise, healthy eating habits, hydration, and relaxation techniques; you are setting yourself up for success. Taking ownership of your well-being creates a foundation upon which you can build resilience and confidence. You deserve to feel your best as you pursue your dreams and goals. Now is the time to focus on giving yourself the nurturing habits that will help support your well-being so that you can enjoy a happy and balanced life.

How To Get Ready For Graduating High School: A Guide

Avatar photo Brandon Foster on June 19, 2023

Graduating high school can be both an exciting and daunting experience. It signals the end of a significant chapter in your life, filled with memories, learning experiences, and relationships built along the way. There are many important steps to take during your final year in order to prepare for graduation day, including selecting courses that will give you enough credits and internships or jobs that support your post-high school dreams. Keep reading for an in-depth look!

Look out for credit recovery courses

If you’re a high school student who might be struggling to keep up with your credit requirements, don’t fret just yet. Credit recovery courses are designed to help students like you catch up on credits you need for your high school diploma — these courses are often offered outside of normal school hours, allowing you to work at your own pace to make up the credits you missed. Thanks to the advance in technology, it’s even possible to complete these courses entirely online. With credit recovery courses, you can ensure that you’re on the right path to graduation, despite any past setbacks.

Make a list of all important dates and deadlines for graduating

Graduating from high school is a major milestone in any student’s life. It requires a lot of hard work, but the feeling of accomplishment is well worth it in the end. To ensure a smooth journey to graduation day, keep track of all the important dates and deadlines. These can include application deadlines for college, scholarship opportunities, dates for senior portraits, graduation rehearsals, and of course the big day itself. By staying organized and aware of these dates, you can make sure that you don’t miss out on any opportunities and have a successful and memorable high school graduation experience.

Take advantage of extracurricular activities

Extracurricular activities offer an incredible opportunity to explore your interests and gain valuable skills that can be applied to various aspects of your life. Whether it’s volunteering, joining a club, or taking up a sport, you will be exposed to new experiences and challenges that push you outside of your comfort zone. It’s through these experiences that you will build resilience, determination, and problem-solving skills — all of which are highly sought-after by employers. Not to mention, extracurricular activities can help you develop social skills, forge new relationships, and boost your confidence. So, why not take advantage of what’s on offer? You might just surprise yourself with how much you can achieve.

Start building your resume

As a high school student, it may feel overwhelming to start building your resume. However, volunteer work, paid jobs, internships, and other experiences can help you stand out among other applicants. By immersing yourself in different activities, you can gain valuable skills while getting the opportunity to discover your passions and interests. Each experience can contribute to your overall personal and professional growth. So don’t be afraid to take on new challenges and start building your diverse resume!

Research and apply for potential scholarships

The cost of higher education is no joke, and it’s a burden that many students and families find themselves grappling with. It’s no wonder, then, that the idea of scholarships can be so alluring — the prospect of securing funding that doesn’t have to be repaid is nothing short of a dream come true. But note that the process of researching and applying for scholarships can be a time-consuming and often nerve-wracking endeavor. That said, the potential pay-off can be well worth it — scholarships offer financial relief and provide opportunities for recognition, networking, and personal growth. So, if you’re a student in need of financial assistance for college, it’s worth putting in the effort to research and apply for potential scholarships — who knows what exciting opportunities may be waiting for you?

Visit universities

One of the best ways to gain insight into a school’s values and culture is by visiting the campus in person. This can give you a feel for the atmosphere and surroundings, allowing you to better envision yourself as a student there. In addition, touring the facilities and meeting with academic advisors can help you determine if the program offerings align with your interests and career goals. In case you’re considering multiple universities, make sure you take the time to schedule in-person visits and immerse yourself in the university environment. You might just discover your perfect match.

Ask your counselors or teachers for advice

The transition from high school to college isn’t certainly an easy time for many students — after all, it’s the time to jump on your next career goal! For this reason, it’s a wise decision to seek advice from those who have been there before — your counselors or teachers. They have a wealth of knowledge and experience that can help you prepare yourself both mentally and emotionally. No matter if it’s about discussing time management strategies or tips for dealing with homesickness, they can provide guidance to ease the transition. Remember, you don’t have to go through this alone. Reach out to your support system and take advantage of their wisdom and advice.

High School

Graduating from high school is a huge accomplishment that requires proper planning and dedication. With these tips in the palm of your hand, you can ensure that you’re on the right track and make the most of your post-high school journey. After all, it’s never too early to start preparing for the future. So, what are you waiting for? It’s time to get going and make your dreams come true!

Is The Fax Machine Dead? Here’s A Surprising Answer

Avatar photo Brandon Foster on June 19, 2023

For decades, the humble fax machine has been an invaluable tool for sending documents and exchanging information quickly. But as technology and communication have evolved over the years, it’s easy to assume that the fax machine is no longer relevant in today’s digital age. However, South African entrepreneur Sizwe Nxasana recently proved us all wrong with his unexpected revelations about this outdated technology – a discovery that challenges our ideas of its place in modern society. Read on to find out why, despite predictions made by many industry experts, the controversial fax continues to remain surprisingly alive and well today!

Introducing The Fax Machine – A Brief History

In today’s world of instant messaging and email, it’s hard to imagine life without the convenience of technology. But did you know that the very first fax machine was invented in 1843 by Scottish inventor Alexander Bain? Originally called the “telegraph printing system,” it used a process called “facsimile” to transmit images over a telegraph line. Over the years, the technology behind fax machines has evolved significantly, with the introduction of digital scanning and transmission in the 1980s. Despite the rise of more modern forms of communication, the trusty fax machine still plays a vital role in many industries, from healthcare to finance. Its history is a fascinating one, and one that continues to unfold to this day.

Is The Fax Machine Still Relevant in Today’s World of Technology

With the rise of digital communication, it’s no surprise that some may view the fax machine as outdated. However, there are still instances where faxing plays a crucial role in various industries. The healthcare industry, for one, heavily relies on faxes for sending confidential medical information securely. Similarly, some legal documents require physical signatures, and therefore, faxing remains an essential tool for legal professionals. Although faxing may not be as prevalent as it once was, it still serves a specific purpose and may continue to do so in the foreseeable future.

Exploring the Modern Digital Alternatives to Faxing 

Gone are the days when fax machines were the go-to mode of transmitting documents. In this digital age, a vast array of modern options have emerged that provide faster and more efficient ways to send bulky files, contracts, and other documents. With modern online platforms such as Google Sheets and Dropbox, gone are the days of cluttered offices filled with fax machines. Instead, companies can securely send and receive important documents within seconds—no need for paper, ink, or a bulky machine. Even better, digital alternatives to faxing are environmentally friendly, saving paper and thus reducing the carbon footprint. Using these modern technologies not only increases productivity and convenience but also provides an easy way to conform to green initiatives, all while getting rid of outdated bulky machines for good.

How Technology is Changing the Way We Use Fax Machines 

Fax machines have been a staple of offices for decades, but as technology advances, so too does the way we use them. Traditional fax machines are slowly becoming a thing of the past, replaced by digital and internet fax services you can find on websites such as GoogleOnlineFax.com that offer faster, easier, and more convenient ways to send and receive documents. With the rise of smartphones and mobile devices, faxing has become even more accessible, with apps that allow users to send and receive faxes on the go. These advancements in technology are changing the way we work, allowing us to send and receive important information faster than ever before. As fax machines continue to evolve, it’s clear that the humble fax is here to stay – in one form or another.

Benefits of Replacing a Fax Machine with Digital Solutions

Gone are the days of frustration when dealing with fax machines. Picking up the phone and waiting for that high-pitched screech, all to maybe have a successful transfer of one page, was hardly anyone’s idea of a good time. The solution? Replacing that pesky machine with digital solutions. Not only will this save time and sanity, but it will also allow for quick and efficient communication with coworkers, clients, and customers. Digital solutions such as email, online document sharing, and even messaging apps all offer a streamlined process that is far more reliable than fax machines ever were. Plus, the added benefit of digital record-keeping will bring peace of mind to anyone who has ever lost an important fax in a cluttered pile of paper. Embrace the future and say goodbye to fax machines for good with these modern and convenient alternatives.

Fax Machine

Understanding the Real Reasons Why People are Keeping Their Old Fax Machines

Despite the advancements in communication technology, old fax machines can still be found in some offices and homes across the world. While many people might now consider this outdated technology, there are some real reasons why people choose to stick with their fax machines. One of the main reasons is that faxing provides a level of security that cannot be achieved through email or other digital methods. For example, with email, someone can intercept the message and steal sensitive information. However, with faxing, the message is encrypted and transmitted directly to the recipient. Additionally, some people have found that fax machines are more reliable compared to their digital counterparts, which can experience delays or malfunctions. These reasons, coupled with the familiarity and ease of use, make it easy to see why some people are still holding onto their old fax machines.

It’s clear that the fax machine is not dead just yet, yet its relevance is certainly fading. As businesses increasingly turn towards digital solutions, the convenience, efficacy, and reliability of digital alternatives to faxing are more and more attractive. The benefits of replacing a traditional fax machine with a modern digital alternative are impossible to ignore: Instant transmission speeds over secure servers, efficient storage capabilities for archives, and quick organization through online search tools. Moreover, with text messaging and collaboration software like Slack becoming more popular in workplaces around the world, our use of fax machines may eventually become as obsolete as their forebears – typewriters. Ultimately, it will be up to us to decide when – or if – we move on from the traditional fax machine.

Financial Empowerment Expert Deborah Ann Jones Launches A Powerful Mother Academy for Single Mothers

Avatar photo Brandon Foster on June 19, 2023

Renowned financial empowerment advocate, Deborah Ann Jones, has announced the launch of A Powerful Mother Academy, an innovative global company aimed at equipping financially frustrated single mothers with the skills and strategies to achieve financial independence and leave a million-dollar legacy. As the CEO and Founder of this groundbreaking academy, Deborah brings her extensive expertise and passion for financial literacy to empower women worldwide.  

Deborah Ann Jones has dedicated over 30 years to the financial literacy industry and has become one of the most sought-after international keynote speakers, best-selling authors, and financial literacy experts of our time. With her new venture, she aims to make life-changing financial education accessible to all single mothers, providing them with the tools they need to overcome financial challenges and secure a stable and prosperous future.  

A Powerful Mother Academy offers a comprehensive program called Mother’s Money Mastery, designed specifically for single mothers who are financially out of shape. Through this transformative program, Deborah teaches participants how to create a personalized spending plan to effectively manage financial responsibilities, reduce debt, improve credit scores, and build savings to achieve their financial goals. The curriculum covers a wide range of essential elements, including financial mindset, budgeting, financial planning, savings strategies, debt reduction, credit repair, income increase, retirement and wealth investing, insurance, estate planning, and goal setting.  

Deborah Ann Jones has a remarkable personal journey that resonates with her audience. Having overcome financial frustrations in her own life, she is living proof that financial independence and success are within reach. She shares her experiences and expertise as an inspirational speaker, encouraging single mothers to take charge of their financial well-being and maximize their money to upgrade their lives.  

“As a single mother myself, I understand the unique challenges and struggles that financially frustrated single mothers face,” Deborah explains. “My mission is to empower these extraordinary women to transform their finances and create extraordinary lives for themselves and their families. Through A Powerful Mother Academy, I provide the guidance and resources they need to build a powerful and profitable empire.”  

Deborah Ann Jones is widely recognized as an influential figure and has received numerous certifications and awards for her leadership, commitment, and contributions to her community and the next generation. Her work has been featured on major media platforms, including ABC, NBC, FOX, CBS, talk shows, radio, podcasts, newspapers, and magazines.  

To learn more about Deborah Ann Jones and A Powerful Mother Academy, visit her website: www.deborahajones.com. You can also connect with Deborah across all social media platforms @DeborahAnnJones.  

Jamie Inlow on going from a single unit to managing 30 properties

Avatar photo Scarlet Logan on June 19, 2023

Jamie Inlow — Airbnb has become a prominent platform for people looking to earn some extra cash while pursuing other endeavors.

They are especially prominent within the city as dozens of condo and apartment units are typically put up for rent.

Occasionally, beachside travelers have the opportunity to spend less with houses situated by the shore.

However, no one would have expected that a barn and an apartment would lead to a lucrative opportunity.

Jamie Inlow, the CEO of property management company Be Still Getaways, saw something that others didn’t, paving the way for her success.

Read also: First Republic awaits bidders as FDIC deadline inches closer

Be Still Getaways

Jamie Inlow and her family moved to Scottsville, Virginia, in June 2019, around 20 miles south of where she worked as a student program director for the University of Virginia.

They were touring around their neighbor’s property, which consisted of an unfurnished apartment, a barn, and 150 merino sheep.

The apartment had been emptied after the previous owner rented it out, giving Inlow an idea.

She later drafted a business plan and made a proposition to furnish the apartment and list it for Airbnb.

In doing so, Jamie Inlow created Be Still Getaways, sharing the profits with her neighbor.

Once the listing started picking up, they sought another, finding another partner for the unit and splitting profits down the middle.

Since then, Be Still Getaways has grown to run 119 vacation rentals in Virginia.

According to Airbnb and rental platform Eviivo, the company generated $2.28 million revenue in 2022.

Growing the venture

Be Still Getaways initially started as a side hustle for Jamie Inlow before dropping her director position to focus on her company full-time down the road.

“If I wouldn’t have kept my two jobs, I could never have scaled my business,” said Inlow.

Prior to her venture, Inlow worked over 30 hours weekly, making $50,000 annually between her consulting work and university job.

Jamie Inlow was eager to either cut down her work or find a remote job to stay at home and spend more time with her son.

However, her plan changed after her neighbor agreed to list the apartment.

Inlow came up with “Be Still Getaways” and had a former student design its logo.

Like most rookie entrepreneurs, Jamie Inlow found everything she needed on Google, using search engine optimization to bring new customers.

She also created an Instagram page and a website, paying a company to help create hashtags and grow her online presence.

With the help of a local influencer, Inlow managed to get the “Stays and Getaways” page promoted, with the apartment booked daily two months after getting listed.

Jamie Inlow later asked her neighbor (now investor) for $110,000 to buy and fix up a tiny home from Craigslist.

After going through their business model, the listing went live in March 2020.

While the pandemic might have created a problem, the unit was regularly rented out,

Jamie Inlow also helped an old classmate, redesigning a unit, running the property, and splitting the profits.

At the end of the year, Be Still Getaways was managing 20 properties.

“I was definitely spending 20 hours per week on research alone,” said Inlow.

“I was probably pushing 30 to 40 hours per week [at Be Still Getaways], on top of my other jobs.”

Expanding an empire

In 2021, Jamie Inlow and Be Still Getaways managed 30 properties.

Due to the massive growth, she sought a team, hiring for the following positions:

  • Operations director
  • Cleaning
  • Staging
  • Repairs

While the company’s expansion is something to behold, it also took a chunk off of Inlow’s time and paycheck.

In the fall, Jamie Inlow bought another property management company and co-founded a new venture with a local realtor: Carriage House.

Eventually, she quit her full-time university job in March 2022, and four months later, bumped up her annual salary from scraps to $72,000.

According to Inlow, she and her husband work for Be Still Getaways, earning a combined $150,000 annually.

The company also employs eight full-time workers, including an on-call handyman, and over 60 part-time staff.

Be Still Getaways manages several units that have been featured in online rental platforms, including:

  • Short-term rentals
  • Mid-term rentals
  • Inns
  • Motels

For now, Jamie Inlow is learning the ropes of being a CEO, but she has her sights on hiring more people to streamline workflows, allowing everyone to get a break from the hustle.

“My life is not chill, and I’m a workaholic by nature,” Inlow admitted.

“I have to practice strategies to create work-life balance.”

She is currently taking business therapy and tuning her Apple Watch to “do not disturb” mode to give herself more time to play with her son.

Banks to be pitched to save First Republic with urgency

Avatar photo Jeah Lorraine Adams on June 19, 2023

Banks — In the past couple of weeks, the economy has been bombarded with several problems, namely within the banking system.

Silvergate Bank and Signature Bank collapsed in March, with Silicon Valley Bank joining the fray.

Investors have grown concerned about the situation, inciting panic.

Lender First Republic Bank is on the brink of a collapse, but there could be a way to avoid the situation.

When banks collapse

If banks were to collapse, it would have severe consequences on the financial system and the wider economy.

Firstly, there would be a loss of confidence in the banking system, leading to panic withdrawals and further bank failures.

This could lead to a credit crunch, as businesses and individuals struggle to obtain loans and finance, which in turn could lead to a slowdown in economic activity and job losses.

Governments would likely have to step in to provide support and bailouts to prevent further collapses, which would be costly for taxpayers.

In extreme cases, bank collapses could even trigger a recession or depression, as seen in the 2008 financial crisis.

Another favor

First Republic Bank has a chance of avoiding collapse, and it all boils down to how persuasive a group of bankers can be with another group.

According to reports, First Republic advisors will try to persuade big US banks that have already propped it up for another favor.

Bankers aware of the situation will pitch the US banks to purchase bonds from First Republic at above-market rates for a total loss of a few billion.

Otherwise, they would face over $30 billion in Federal Deposit Insurance Corp. fees when First Republic fails.

Recent developments

The proposal is the latest development in the banking situation after Silicon Valley Bank in March.

After the government seized SVB and Signature, mid-sized banks were hit by heavy deposit runs.

The country’s biggest lenders came together to loan $30 billion in deposits to First Republic.

However, the solution was temporary after the gravity around the company’s problems surfaced.

If the First Republic advisors convince big banks to buy bonds for more than they were worth, they would be confident that other parties would join and help the bank recapitalize itself.

According to sources, the advisors have already listed potential buyers of new First Republic stock.

Read also: Check marks become symbol of punishment on Twitter today

Urgency

Investment banks are looking to raise the alarm and create a sense of urgency.

This week marks a crucial period for First Republic.

Since Monday, the bank’s stock has been in a free fall after sharing that its deposits recently fell by 41%, which includes big banks’ infusion.

Analysts following the company published negative reports after CEO Michael Roffler refused to take questions after a brief 12-minute conference call.

“Now that the earnings are out, once you’ve got a window to act, it’s time to do it,” said an anonymous banker.

“You never know what will happen if you wait, and you don’t want to be dealing with an emergency situation.”

Sources say that advisors might offer warrants or preferred stock so banks involved can reap part of the upside of helping First Republic, which would help the deal.

False starts

First Republic has always been the envy of other banks due to its focus on rich Americans helping growth and allowing it to lure talent.

However, the model broke down after the SVB failure, with customers pulling out uninsured deposits.

The advantage to the advisor’s plan is that it allows First Republic to offload some of its underwater bonds.

When it comes to government receivership, the whole portfolio must be marked down immediately, which results in what Morgan Stanley analysts estimated to be $27 billion.

However, one problem is that advisors rely on the US governments to bring bank CEOs together to come up with other solutions.

There have already been false starts as one of the top four US banks said the government told it to prepare to act on the First Republic situation in the past weekend.

But nothing happened.

Banks and doubts

While any deal is a matter for negotiation and could have a special purpose vehicle or direct purchases, there are several possibilities that could address the bank’s balance sheet.

On Tuesday, Bloomberg reported that the bank is weighing the sale of $50 billion to $100 billion in debt.

First Republic loaded up on low-yield assets like mortgages, municipal bonds, and Treasuries.

When they loaded up, the bank learned it suffered losses of tens of billions of dollars.

By reducing the size of the balance sheet, the bank’s capital ratios would be healthier, paving the way for it to raise more funds and continue as an independent company.

Other decisions they can take include the conversion of the big bank’s deposits into equity or search for a buyer.

However, a suitor has yet to appear, and it’s unlikely as any buyer would also own the losses on First Republic’s balance sheet. 

Sources close to the big banks believe the most likely scenario for First Republic is government receivership.

Those close to the banks were hesitant to endorse a plan that would recognize losses for overpaying the bonds.

They are also doubtful about government-brokered deals following pacts from the 2008 financial crisis leading to higher costs than expected.

Menu
Menu
Menu
Menu
Menu
Menu

© 2023 Kivo Daily. All Rights Reserved