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Birth of Electricity
Birth of Electricity

It the dawn of the 19th century, in a cellar in Mayfair, the most famous scientist of the time, Humphrey Davy built an extraordinary piece of electrical equipment; four metres wide, twice as long and containing stinking stacks of acid and metal. It had been created to pump out more electricity than had ever been possible before.

It was in fact the biggest battery the world had ever seen and with it Davy was about to propel us into a new age. That moment would take place at a lecture at the Royal Institution in front of hundreds of London’s great and good filled with anticipation. They packed the seats hoping to witness a new and exciting electrical wonder. But, what they would see that night with something truly unique; something they’d remember for the rest of their lives using just two simple carbon rods.

Humphrey Davy was about to unleash the true potential of electricity. Electricity is one of nature’s most awesome phenomena and the most powerful manifestation of its we ever see is lightning. This is the story of how we first dreamed of controlling this primal force of nature and how we would ultimately become its master. It’s a 300 year tale of dazzling leaps of imagination and extraordinary experiments.

It’s a story of maverick geniuses who used electricity to light our cities, to communicate across the seas and through the air to create modern industry and to give us the digital revolution.

It all started with a spark imagine. Our world without electricity, it will be darn cold and quiet in many ways. It will be like the beginning of the 18th century where how a story begins. This is the Royal Society in London in the early 1700s after years in the wilderness, Isaac Newton finally took control of it. After the death of his arch enemy Robert Hooke, Newton brought in his own people to the key; jobs to help shore up his new position the new head of demonstrations.

There was 35 year old Frances Hawkes be notes from the Royal Society in 1705 reveal how hard Hawks be tried to stamp his personality on its weekly meetings producing ever more spectacular experiments to impress his masters. In November, he came up with this, a rotating glass sphere; he was able to remove the air from inside it using a new machine; the air pump on his machine- a handle allowed him to spin the sphere. One by one, the tangles in the room will put out and France has placed his hand against the sphere. The audience were about to see something amazing.

Inside the glass sphere, a strange ethereal light began to form dancing around his hand; a light no one had ever seen before. That’s fantastic. It’s so beautiful; blue glows is marking out the shape of my hands but then doing right round the ball there’s something alive in there. It’s difficult to really understand why this dancing blue light meant so much. But, we have to be reminded at the time, natural phenomena like this was seemed to be the work of the Almighty.

This was still a period when even in Isaac Newton’s theory, God was constantly intervening in the conduct of the world and so it made sense for a lot of people to interpret natural phenomena as acts of God. So, when a mere mortal meddled with God’s work, it was almost beyond rational comprehension. Hawks never realized the full significance of his experiment; he lost interest in his glowing sphere and spent the last few years of his life building ever more spectacular experiments for Isaac Newton to test his other theories. He never realized that it unwittingly started an electrical revolution before Hawks be electricity had been merely a curiosity.

The ancient Greeks rubbed amber which they called electron to get small shocks and even Queen Elizabeth the first marveled at static electricity power to lift feathers but now Hawks machine could make electricity at the turn of a handle and you could see it and perhaps even more importantly his invention coincided with the birth of a new movement sweeping across Europe called the Enlightenment enlightened.

Intellectuals used reason to question the world and their legacy was radical politics, iconoclastic art and natural philosophy or science. But, ironically Hawkes new machine wasn’t immediately embraced by most of these intellectuals. Instead, by conjurer’s and street magicians and those with an interest in electricity called themselves electricians.

One story tells of a dinner party attended by an Austrian count, the electrician had placed some feathers on the table and then charged up a glass rod with a silk handkerchief. He then astonished the guests by lifting up the feathers with the rod, he then went on to charge himself up using one of Hawkes electrical machines and gave the guests electric shocks presumably to squeals of delight but for his ps2 resistance he placed a glass of cognac in the center of the table charged himself up again and lit it with a spark from the tip of his finger.

There was a trick called the electrical beatification in which the victim sits on an insulated chair and above his head hangs a metal crown that doesn’t quite touch his head and then if the crown is electrified, then you get an electric discharge around the crown that looks exactly like a halo which is why it’s called the electric beatification. As England in the rest of Europe whence electricity crazy, the spectacles grew bigger and the more curious electricians started to ask more profound questions; not only how can we make our shows bigger and better but how can we control this amazing power and for some can this incredible electrical fire do more than just entertain.

One of the first early breakthroughs would never have happened had it not been for a terrible accident. The Charterhouse in the center of London over the past 400 years, it’s been a charitable home for young orphans and elderly gentlemen and sometime in the 1720s, it also became home to one Steven Gray. Steven Gray had been a successful silk Daiya from Canterbury. He was used to seeing electric sparks leap from the silk and they fascinated him. Unfortunately, a crippling accident ended his career and left him destitute. But, then he was offered a new life here at Charterhouse and with it, the time to perform his own electrical experiments.

He built a wooden frame. From the top beam, he suspended two swings using silk rope, he also had a device like a hoax beam machine for generating static electricity. Now with a large audience in attendance, he got one of the orphan boys who lived here at Charterhouse to lie across the two swings. Gray placed some gold leaf in front of him. He then generated electricity and charged the boy through a connecting rod. Gold leaf, even feathers left to the boy’s fingers. Some of the audience claimed they could even see sparks flying out from his fingertips.

But, to the curious and inquiring mind of Stephen Gray, this said something else as well. Electricity could move from the machine to the boy’s body through to his hands but the silk rope stopped it dead. It meant the mysterious electrical fluid could flow through some things but not through others.It led Gray to divide the world into two different kinds of substances. He called them insulators and conductors.

Insulators held electric charge within them and wouldn’t let it move like the silk or hair glass and resin whereas conductors allowed electricity to flow through them like the boy or metals. It’s a distinction which is still crucial even today. Just think of these electric pylons, they work on the same principle that Gray used.

high voltage electric pylons of power station

Nearly 300 years ago, the wires are conductors the glass and ceramic objects between the wire and the metal of the pylon are insulators that stop the electricity leaking from the wires into the pylon and down to the earth. They’re just like the silk ropes in Gray’s experiment. Back in the 1730’s, Grey’s experiment may have astounded all who saw it but it had a frustrating drawback try as he might. Grey couldn’t contain the electricity he was generating for long. It left from the machine to the boy and was quickly gone.

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Secrets of the Insurance industry
Secrets of the Insurance industry

Insurance is a very old industry. It is actually diluted into culture. If we go back to the days of the tribes, there would always be a tribe and some people in the tribe would be hunters. In some of the tribes, people would be blacksmith, some of them would be farmers, some of them would be Goldsmiths.

They would all have different roles. But, there would always be a head of the tribe and the purpose of the head of the tribe was to ensure that the entire tribe was safe, secured, protected, satisfied, happy. If any person in the tribe, ever got you out, the whole tribe would work together to make sure that the family of the hunter would be protected. That was the reason why everyone went to do tribes.

That was a concept of community. When tribes became bigger, they moved into cities, they became kingdoms. The King used to play that role. He would have a Treasury that wouldn’t show that his entire population was protected, the soldiers were protected when they went to war, the families were protected in case the soldiers didn’t come back.

That road became more and more important. It came to a point where the society became so big, that the government couldn’t control all these things and there was a lot of inefficiencies. So, they went on to privatize these enterprises and one of these enterprises was insurance.

If any part of any member of the community passed away, fell sick, the community would work together to make sure that they are protected and that’s the job of insurance.

Insurance is a small amount of money that is given to the community and there’s what we call a risk and the money is collected in that pool of money. That pool is then used to pay out if anyone falls sick, if they pass away, when they retire, when the kids go to college, that pool is used to pay those monies out. The insurance company’s job is to protect that pool because there are a lot of people who were trying to defraud so they would find a way to make money from that pool rather than understand that inglis for the whole community. But, that’s what insurance does.

Insurance is a manager of that pool of money which gets used to pay out to people who need it. But, there are people out there that try to defraud that. That’s where investigation company will investigate claims that they feel are not genuine and that’s why the most important thing when it comes to insurance is understanding the documentation, understanding what is covered, what is not covered and trying to sit down with a proper financial advisor or intergenerational planner that will be able to guide you on what type of insurance you should buy.

So, the, insurance industry is not a very complicated industry. But, is not a very simple industry because it has evolved over a few thousand years now. But understanding, that is where the key is.

Insurance is a business that is based only on one thing. They are on time to make sure that you cover for eventualities and there are four primary eventualities that you should become.

1.In case you pass away, the family’s needs, income, protection

2. In case you fall ill, the family needs, income, protection

3. When you retire, you want to make sure that you have a steady flow of income

4.When your kids go to college, you might as well have some money on the side because you will need to pay for it

These are the four primary things that the pool of money is used for. There are other variables to it. There are other types of insurance like medical insurance, car insurance, travel insurance. These are what we call non-life insurance ‘as these insurance policies work on the same principles.

But, the only difference is the probability changes. So, the premium that you pay is the probability of something going wrong. If your premium is higher, it means you have a higher probability of something going wrong.

Some clients who have for example diabetes or they have high blood pressure the question they ask is why is my premium higher. The probability of you falling sick is also higher and that’s why your premium is higher. So, it’s always based on the probability of something going wrong and that’s the basics of how an insurance policy varies.

So, if you do have questions sit down with a two-generation planner or financial advisor and get yourself more details. The insurance industry is here to protect you and that’s what we do best.

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Life Insurance Decisions
Life Insurance Decisions

In every area of your business remember the universe words. ” The boat people are still buying cash value life insurance” 80% of all life insurance that is sold right now is cash value life insurance because nobody knows any better.

The first thing I want you to do if you meet somebody that has cash value life insurance, I want you to do this little exercise with them. First, show them how a Bank and a lot of you know in your presentation it’s right there and all your stuff that you can talk about. You all know what bank is.

In America 8 out of 100 people own banking and over 220 million people it’s probably close to 300 million people by now. I’ve been saying 220 for so many years right and so 220 million people own cash value life insurance.

So, if you were an agent, you could have $300,000 worth of life insurance would you rather pay twenty three hundred dollars a year and for the life insurance or would you rather pay $1,300?

For the light picture, you’d rather pay 1300. Think about the, if you die your family gets $300,000 of life insurance. That’s it. They get. That’s what they get if you die. Would you rather pay twenty to thirty twenty three hundred or thirteen hundred?

Every time, it’s thirty nine or every single time, there’s not one client in 20 years that has ever said any different. It’s real. It’s really simple. You ask that question and you let them know that the only reason why people have banking because obviously banking pretty bad. It is because of the compensation package that cash value, life insurance agents that the way that they get paid.

If you are an agent and you made one hundred percent, of the first years commissions, as your commission would you rather sell the client the one that was twenty three hundred or thirteen hundred, twenty three hundred?

If the client doesn’t know any better, you’d sell them the 2300. It’s filled. Three hundred thousand worth of life insurance, but you’re gonna sell on the higher priced product because you make one hundred percent of the first year’s commissions. You make that as your commission.

So, that is why mister missus client, that’s why the bank is the number one savings account. That’s why eight out of ten people own it. That’s why two hundred and twenty people million people own cash value life insurance.

So, if you can share this with the client and get them to understand that the product that they just bought was not sold to them because it made more financial sense. It was sold to them because that they were going to earn more commissions.

Once the client can see that and visualize that fact, writing the sale becomes a lot easier and of course here’s the rule of 72. It will always go through at one point.

I’ll go through the rule of 72. The only reason why I’m doing this is because I want to make sure that the client understands that there’s a major difference between 3% interest and 12% interest. A matter of fact, there’s a difference between getting 40,0000 dollars in 48 years and in 42 years.

Getting 1.2 million dollars, that’s the difference between a 3% rate of return and a 12 percent rate of return. If they can understand that, then when you explain Plan A or Bank a, we call it when you explain this it’ll make a little bit more sense to them.

On average you get zero to five percent interest on your savings, six to eight percent fee to withdraw your money, six months to defer your money, so if you ever need your money you gotta let me know six months in advance for me to give you that money. I can withhold that money up to six month, they keep all your first years deposit.

So, if you give me $1,000 that first year or $10,000 that first year, the bank is gonna keep that money 100 percent of those first years deposit and lastly if you die so your family doesn’t have to fight over the money. Stay tuned with Zeeable for more updates

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Easy Apple Watch Charger
Easy Apple Watch Charger

This is a really good way to charge your Apple watch.

The problem with the original Apple charger is, it comes with a very long cable and that’s fine if you’re in a fixed environment. So, for instance, I’ve got mine on a table and I’ve got it inside this wooden thing and it all wraps around and so therefore to take it anywhere with me, I end up taking the wooden thing.

So, some tech companies have come up with a solution and it’s this, which is a just a straightforward USB charger and I think it really does a good job.

Sometimes, a problem gets fixed which didn’t exist in the first place. But, this is definitely a solution to a problem that a lot of people have, that want to charge on the go and that means that it can be completely portable.

You can see here, the magnetic grip is so strong, it will even hold it upside down but this is great for wherever you are now.

The Apple watch’s battery life is not particularly good. So, you can literally just plug it into here and have it sat on and then you can get the charge.

It will charge it in exactly the same amount of time as the original Apple watch. The other benefits of this is that if you want to, if you’re on the move, for instance and you’ve got your computer with you or a power bank, then you can use that as well. It doesn’t have to be a mains charger, so you can literally just attach this USB device into the side of your computer and again just put your Apple watch on top and the charging will begin immediately.

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Loans-Good or Bad?
Loans-Good or Bad?

If you don’t know what you’re doing with your money, your bank can skin you alive with credit cards and overdraft fees and lines of credit within a blink of an eye. Banks pay you almost nothing to use your money because if you take your money out and you put it in your savings account, your money doesn’t just sit there.

The bank takes your money and then they lend it out. This way, the bank can make money on your money and then if you happen to miss a credit card payment, the bank is gonna charge you an arm and a leg.

Entrepreneurs need to learn how to start a business without going into debt.

For example, a lady who was sick and tired of her job, decided to start a business. This lady likes animals and so she decided she was going to enter the pet grooming business, you know where they give her dogs a bath and they trimmed their hair and stuff like that. People loved their pets more than their kids nowadays. So, not a bad idea for a business.

She found a cat and dog grooming business and she was in contract to buy it for $70,000, she didn’t have $70,000 laying around, so she decided to get a loan to finance her business idea. She’s financing something that will give her income. That’s what the lady was thinking – this is good debt right because now you’re gonna buy this business and then the business will pay you money and it’ll cover your loan payment and it will put some money in your pocket. The problem was this lady did not have any clue of what she was buying, what exactly is the $70,000 buying you. There’s no real estate involved because this business leases its retail space so what exactly is this $70,000 for?

You have less than five thousand dollars worth of actual equipment meaning the other sixty five thousand dollars is goodwill. In other words, sixty five thousand dollars out of the 70 thousand dollar purchase price is what you are paying for the brand’s reputation and their brand name and their customer list. This isn’t necessarily a bad thing by itself, for one the sales agreement to sell this pet grooming business included no non-compete clause; so the person selling their pet grooming business could next week open up a new pet grooming business right across the street.

There was nothing stopping them from doing that and second and even worse the business was losing money. This lady was willing to take out a loan to finance the premium for this business which was not even profitable right now. The way that the pet grooming business works according to the financial statement is that the owner works in the business full-time and after paying for all the businesses expenses, the owner takes whatever’s left over at the end of each month and they pocketed.

The only problem is the owner is not factoring in a salary for the time that they’re putting into the business. So, they’re working full-time and they’re not paying themselves anything. If you own the business you work at, you have to factor in some sort of salary for the time that you put into the business and then whatever’s left in the business after you pay yourself is the business’s profit. So, there is a difference between your salary as a worker in the business and your profit as the business owner. You have to understand that these two things are separate anyways.

Going back to the lady who wanted to buy this pet grooming business, the bank manager then reran the lady’s numbers and he included a small salary for the lady to pay herself with and now after paying for the businesses expenses and after paying for the loan, the business was losing money every single month and so this lady would have to put money out of her own pocket to continue running the business every single month. But, the story gets even crazier.

The craziest part is that this lady was approved for her loan. So, this lady found an unprofitable business with negative cash flow but no real assets because there’s no real estate involved and nothing proprietary and she was approved for a loan. Things like this are not uncommon.

So, here’s what I want you to know about debt, when it comes to your business. Debt can be used strategically to make you more money if you’re buying something with income that will cover your debt and all your expenses and put some money in your pocket but you have to understand the game in business. Nothing is guaranteed especially when you’re starting off and especially if you don’t know what you’re doing. But, if you get a loan to finance your business, then one thing is a for-sure guarantee you will have to make loan payments on your new loan, every single month whether or not your business is making money and then lots of people make the argument that interest rates are low, so debt is cheap, so you should take advantage of this, which sure makes sense. But, if you don’t know what you’re doing, financing a bad business decision to turn your bad decision into a financially draining or killing decision.

Most businesses can be started with little money. If you have the right mind strapped, you have to learn how to bootstrap and how to figure out how to make things work, when you have no money. That way you can manage your business much better. When you have a lot of money, otherwise you start to live this glamorous entrepreneur lifestyle where you have to buy all these nice toys for your new top-of-the-line office and you have a whole bunch of employees running around trying to figure out what to do. So, you have all these expenses to pay. So, you can live this cool entrepreneur lifestyle but you have no income coming in.

Work your way up, find a way to make it happen from wherever you are. That’s what entrepreneurs do.

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Starting up a business using loans
Starting up a business using loans

Is it wise to take a loan from the bank to start a business?

Some people don’t believe that if you cannot make money without money, you probably can make money with money. If you are starting a business and you need to borrow money to start, for most people chances are it means that you don’t know how to generate revenue.

In order to generate income and revenue in a business, you need to be able to sell. And, if you don’t have the ability to sell too close, to get customers, more money doesn’t help. I believe you should raise capital and this is just my belief.

But, I believe you should raise capital when you don’t need money, when you are already have something that’s working. Often, you’re getting trapped in the marketplace that you want their money in order for growth, in order to expand, you know to acquire more customers. Now, this is not the only way to make money, there are companies out there. We are in a tech world. They are raising money. They are putting investors’ money into the ventures and then eventually they want to sell that.

That’s a very particular strategy on its own and the only in certain sectors. So, don’t worry about if you have money or not right. Be worried about your skillset. If you’ve got no money, zero dollars instead of starting a business, what you focus on is working, on developing the high income skills first. It’s a skill that pays the bills. When he’s got some money coming in, then you can take that money and then start your business. If that’s what you want to do, if you don’t know how to generate money, more money doesn’t help.

More money only makes to get faster your failure rate. When you’ve got no money, it forces you to be resourceful. It forces you to think outside the box. It forces you to be creative. It’s not so bad, because at the end of day as an entrepreneur what we do is we think outside the box. We use the resources that we have; sometimes very limited to create some kind of results, to create some kind of products, to deliver some kind of value to the marketplace in exchange of money.

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Origin of Cupcakes
Origin of Cupcakes

Having traveled to the beautiful orderly end house in Essex conquers hopscotch, having a head flush down the toilet, they’re all classic childhood memories. But, nothing beats the recollection of the first fairy cake which for so many kids is the original point of entry into the glorious world of baking fairy cakes or cupcakes as are also known were first made in the kitchens of these vast stately homes, but would never have been possible without the use of a particularly unusual piece of kitchen kit.

Why they’re called cupcakes?

First, they’re baked in cups and the other is that the recipe often includes cups of things, so it will often be a cup of sugar, a cup of flour, a cup of butter.

So, how do the servants get their hands on crockery bling like that like anything cups quite a fashion so upstairs they’re drinking from delicate little tea bowls, then they start to get handled cups. The delicately bowls devolved down the household until eventually they reach the kitchen. The cook may well be drinking tea out of them and she looks around for something to bake a small cake and throws in the mixture into the oven.

First published cake in a cup recipes was written by the famous British cook Marie Arundel in 1806. Her Queen cake contains three cups each of flour, sugar, currants, butter and some very frothy eggs. This is the era where what we now know as the fairy cake is really invented and it’s called a fairy cake precisely because it’s so light.

In the medieval period, we’re going to mix in our egg whites and then we’re going to add in the dry ingredients folding them in. This made us end to end up with something that’s quite nice and light and airy and will rise very well because of all of the whiskey and then we’re going to fill them about two-thirds full because they will rise.

Cakes popularity really took off as afternoon tea became more fashionable. This teahouse bridge was specially designed for ladies to enjoy beautiful views and eat lots of small cakes. Georgian period is all about taste and gentility and refinement and civilization and showing ourselves to be one of the most civilized nations on earth. So, small cakes really are very useful both in terms of having something that’s the right size in proportion to the tea cup. But, also in having something that isn’t going to be unladylike in terms of what you’re eating.

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Organizations categorized based on ownership

Sole Traders

You may see sole traders refer to as sole proprietorships. It’s just two terms that means the same thing.

What distinguishes a sole trader from other forms of business ownership is how many people are allowed to own the organization. So, as the name suggests a sole trader is a business that has a maximum of just one owner.

A sole trader may only have one owner of the organization but they are of course free to recruit employees. If you wish so, you only have one person at the head of the organization owning the business, but you can hire a team of workers that will be in your employment to help you in the running of your organization.

Benefits of being sole traders

With only one owner of the business, one person gets to keep 100% of any profit made. There’s no dividing profits between different partners in the organization. There’s no having to pay dividends to a team of shareholders in the organization. Any profits made are kept entirely by the one owner of the organization.

They have 100% of the control of their organization as well. So, with only one owner, they get to decide the direction and the strategy of their business. There’s no compromises. There’s no time spent discussing different courses of action with other partners or shareholders. With one owner, that one person gets to make 100 percent of the decisions that effect that business and that can be very appealing to lots of entrepreneurs.

There’s not lots of complicated documentation. There’s not a lengthy registration process. What you have to submit in terms of tax returns or informations to Companies House is minimal or zero. So, sole traders really can get up and run very quickly without lengthy documentation to complete and submit to the government. But, on an ongoing basis, there’s very little requirement for them to report on their business activities to the government or to the Inland Revenue. What they do have to complete and submit is very simple and very quick to do which makes it another benefit for many people as kind of slightly more complex one and that’s associated with the kind of taxes that sole traders pay.

In the eyes of the law, a sole trader is essentially a self-employed individual. The law makes no distinction between the person owning the sole trader and the business that they are running. In the eyes of the law, they are one and the same entity and that means that the business doesn’t have to pay its own form of business or corporation tax. The person is seen as the business. So, just like an employee or any other individual that has a job rather than having to pay corporation tax that more formal organizations pay, sole traders pay a type of tax known as income tax.

A sole trader is allowed a certain level of profit before they have to pay any tax to the government and currently in the UK, the tax-free allowance that you are allowed to earn before paying any income tax is twelve and a half thousand pounds.

Downsides to being a sole trader

The owners of sole proprietorships have what is known as unlimited liability. That means that in the event of business closure, if the business is leaving behind any debts, the owner remains liable or responsible for any of the debt of their business. Their liability is not just restricted to whatever capital they have invested into the business. If you run as a sole trader, in the event of business closure, you become personally liable for any debts that the business may have. You might have to take those debts with you in your future life. So, once you’ve closed down your business and perhaps return to work or started another organization, you are still liable for any debts that your previous business ventures may have left behind.

With fewer people owning the business, there’s obviously fewer people that can invest capital. When that organization first starts, with only one person able to invest capital into the business, it might start on a longer scale than other types of business organizations are able to. It might mean that the business cannot set up on as large a scale as if another type of ownership was chosen and more investors or partners were able to put capital in to the organization. That might limit the size of the business in its formative years. It might also limit how quickly it can grow and expand and how big a market share it is able to amass during the first months and years of the business. So, for some people, if they’re starting businesses for financial rewards, sole traders might not allow them to raise as much capital as they need to start the kind of organization that might give them the financial security and rewards that they are looking for.

The final limitation is that as a sole trader although you can have employees, there is nobody alongside you owning the business. So, it might be very difficult to find anybody to cover you during periods of absences or illness or holidays. It may well be in the life of a sole trader that if you are taking time off your business is not earning money although sole traders are allowed employees, it’s not common to have employees as a sole trader. Most people start sole traders and run it just by themselves as the only worker inside the organisation. That means that when you take a two-week holiday, your business isn’t earning. There’s nobody left behind to carry on running the business.

Partnerships

A partnership is an organization that is owned by two or more individuals commonly up to 20 different partners.

Advantages of a partnership

Partnerships have multiple people running the organization. This means that more than one person can introduce capital when we start that business. That might mean that we can raise a bigger pot of money to start our organization with which might mean that we have more money to invest in the materials and the equipment that we need on the marketing or the market research that we would like to conduct. It might also allow us to start our organization at a slightly larger scale than if we were starting it by ourselves.

The fact that we have multiple owners also means that we now have multiple individuals that can all contribute ideas to the running of the organization. So, different partners might come up with different perspectives, different viewpoints that they can contribute towards the direction the business is moving in and it might be that some partners think of ideas that one individual might not have considered if they were running their business by themselves.

Having multiple partners running an organization provides the opportunity for them each to specialize in a different area of the organization. In a law firm for example, one of the owners might be a specialist in family law, whilst another is a specialist in personal injury law and a third partner is a specialist in corporate law and they can each bring their own areas of expertise or specialism to our business. Whereas, if we only have one owner, that one person has to be an expert in all of those areas themselves, to run the business as effectively.

Just like sole traders, partnerships pay a type of tax known as income tax and with income tax is quite useful for people starting smaller business organizations because for each of the partners. So, if the business is going to be operating on a smaller scale than larger organizations might and might not be achieving the profit certainly in the early years that a lot of business hopes to achieve, then paying corporation tax might be quite attractive for the owners.

The other benefit we could talk about with partnerships is that having multiple owners means that they can cover for each other. So, in periods of sickness or when owners want to take time off or have holidays the other owners are still there to oversee the running of the organisation. Whereas in sole traders, when the owner is away, often there is nobody that they can trust to run their venture in their absence. But, partnerships have some limitations and perhaps chiefly amongst those is that are by having multiple partners, the profits now have to be split or shared amongst multiple people. So, no one person gets to keep 100% of the profits of the organization.

Drawbacks of Partnerships

We have to split the decision-making or the control of the organization with other owners as well and this brings into play the potential for conflict in the running of our organization as different partners might have different ideas or different visions for the organization that leads to the creation of conflicts. When we have conflict in a business often it means that the business is not moving forward, that it’s standing still whilst the owners try to reach consensus on the direction that they would like to go in.

Each partner will have unlimited liability unless as in some very rare cases they can apply for limited liability status for some of their partners who’ve just contributed capital to the business but aren’t involved in its day-to-day running. But, most partners will have unlimited liability which means that they have the same legal identity to the business that they’re running. So, if the business gets sued, it’s actually the partners that get sued and if the business runs up debts and it’s declared bankrupt, it’s actually the owners that are going to be responsible for paying back the debts that the business has accumulated even if that requires them to use their own personal wealth to fund that debt repayment.

Limited Companies

Limited companies are both private and public. Limited companies have limited liability; a liability is responsibility for the financial depths of the business. Basically, so owners of PLC and Ltd only risk losing the money that they have invested and not their own property and rights or trades and etc.

So, basically, as an example, if there was a hairdresser and she started her own business being a sole trader with maybe five thousand pounds and eventually she ends up being bankrupt at seventy-five thousand pounds. she has to pay back all the debts. She might have to sell her own personal possessions like her own house in order to cover this because seventy five thousand more you got into your sole trader basically. If it was a limited company, the hairdresser would only lose the 5,000 pounds of share capital that she actually had start with in the business and not this extra bankrupt debt.

The more shares, the more control that the individual has over the firm. Public limited companies and Private limited companies both have shares.

With Private Limited, you only sell these to let your family, your friends, it’s less than 2,000 shares that you can have, whereas with public limited companies you sell it on the stock exchange market. So, anyone even I could buy stock like part of a share.

Private Limited companies should always end with Ltd or Limited. If they’ve got a limited in their name, they are like a private company.

Advantages of a private limited company

They can’t sell the shares without the agreement of other shareholders and they’re usually small companies. Even prior public companies could be small and private companies could be big.

Private limited companies are usually small companies and they have to publish accounts and these disclose information but not everything. They don’t have to tell everyone everything about their business unlike public limited companies.

So, you won’t lose more money than you invest in the company. So, your home weren’t be taken away like lead by example I used about the hairdresser and how she has to sell her house possibly because of the 75,000 death shares or sort of the family and friends which raises money for the business. So, usually you sell shares in order to get more money for the business to buy no quick mint and stuff like that. If someone dies, it doesn’t take effect of running the business.

Disadvantages of public limited companies

They have to share their profits by paying dividends to the shareholders. With private limited companies, you’re only giving your profits to your family and friends. So, I don’t think it’s that much of an issue really and it’s usually less compared to the public. You can’t sell your shares on the stock exchange market which is bad because you can’t generate even more money or more capital because you can. Because you are a private limited company you can only do it with family and friends and like close people like owners and stuff and it is quite expensive to set up. So, your startup costs are pretty much high.

Public limited companies are PLC in their names. They can sell shares to the public. Their shares can be listed on the stock exchange market. They can freely buy and sell their shares. But, usually you shouldn’t make sure that they have a fifty thousand pounds of share capital. Share capital is the amount of shares that you can actually sell. So, a minimum of fifty thousand is needed.

Advantages of public limited companies

They can raise more capital by being a PLC than any other business because you’re selling your things, your shares on the stock exchange market. So, you can get so many shares from so many people. So, your income, your revenue can actually increase. That’s why they say that you can earn more capital by being a PLC than any other company whereas when you are a private limited company, then it’s only your family and friends who put in the capital.

Extra capital allows the business to expand. So, the more people that earn shares in your business, the more you can expand because there’s more profits that you can get because they’re buying your shares. Death or an illness won’t affect how the business is run like with the private one. So, if you’re a sole trader or a partnership with someone dies there’s only one of you and therefore the business is kind of hopeless without the other person.

Disadvantages of public limited companies

It’s a lot more expensive to set up because it’s a public limited company. So, usually they’re like larger companies.

They have to publish and make available full and detailed accounts. So, basically there you have to publish everything like their financial records. So, it is very competitive.

So, if I was Coca-cola and I was a public limited company for example, even Pepsi could see my financial details; where I’m spending, my money, all these things that should be kept private. But, seeing as I’m a public limited company, I have to inform everyone, so I have to publish these detailed accounts, they have to pay dividends to their shareholders too. So like with the Private Limited companies, you have to always pay you your shareholders dividends. So, dividends is like income for your shareholders.

Basically, someone can easily buy enough shares to take over control of the company. If someone buys like 75% of the shares that you currently hold and maybe the other 25% or like 200 other individuals that one person that has 75% , pretty much controls the whole market. They could buy the excess shares off from everyone else and basically that’s kind of their company now.

If you’re trying to control over a public limited company, but I could even take over a business and have complete control of the company, so it’s a risk if someone actually does take up too many shares.

Public Corporations

Public sector organizations are the business organizations owned by the government for public purpose. These government undertakings are started either by the central government or state government or a local self-governing Authority. Examples of government undertakings include areas of mining, metallurgy, shipbuilding, aeronautics etc.

The public sector undertakings are controlled and managed by the public and the government. Public utilities are set up and managed by the government to provide essential products and services to the public. Public utilities do not intend to own profit.

Stay tuned for the next lesson where more types of organizations will be discussed.

LED Vs OLED Television
LED Vs OLED Television

LED is a fairly old technology which is advanced dramatically through recent years. It uses a LED backlighting technology which shines through a crystal display to give you your red, greens and blues. The pixel accuracy from one LED can be one to sixteen.

OLED– is a new technology which stands for organic light-emitting diode. This uses a LED backlighting which has a much higher pixel accuracy giving your one-to-one ratio which means better response times and color definition. With this technology, they are able to make the screens much thinner and even flexible.

The most significant differences between LED and a OLED is the color accuracy. Also, the contrast levels. OLED has the ability to shut off individual pixels, which means you get completely black sections of the screen.

OLEDs are considerably more expensive and only come in a limited range of sizes. LEDs have become much more affordable in recent years and is still improving.

This is a significant difference that I have seen. First hand, LED does not seem to handle motion as well as some of the top-end LEDs the colors tend to bleed out a little bit and it looks a little bit blurry. This may be something that will be fixed in the future.

How long is the lifecycle of an OLED panel?

It has been said that certain colors may fade and die out over time. This is yet to be field tested as the technology is so new. We will find out in the future.

LEDs currently still have an ace-in-the-hole with their 4k ultra-high definition. This means that these panels have the ability to show four times the amount of pixels.

Currently, there are no OLED TV on the market. High-end LEDs with local dimming have a better ability of reaching darker blacks. But, never quite as dark as the OLED. But, with their 4k resolution, they are definitely a good match for the O LED panels.

Both types of panel have their ups and their downs. LEDs being very affordable, available in large sizes with the 4k resolution and a longer lifespan, where as OLED has a better contrast range, redder colors, thinner panels but a potentially shorter lifespan at a high cost .

Stay tuned with Zeeable for more of such updates!!

Stakeholders and Business
Stakeholders and Business

Stakeholders are those people who are interested in and affected by your business decisions.

There are many types of stakeholders and it depends on each business.

  1. Local community

These are the people who are working or living around your company or around a factory.

For example, you own a factory and your factory works 24/7, causes a lot of pollution and suddenly you decide to double the production because your demand has increasedand obviously if you produce more, you’ll produce more waste and more pollution. That will affect the local community because they don’t want you to cause that pollution. They want you to be environmentally friendly. They want you to you keep things clean, not dump waste in the rivers.

So, they are your first stakeholders and you need to make sure you keep them happy. So, you need to make sure you cycle your environmental friendly, you don’t dump your waste.

2. Customer

This is because the customers do get affected by the decisions that you make. Your customers want high quality, low prices. So, they are obviously interested in what you decide to do, because they want to make sure that you are giving them the best quality products in the lowest price possible.

If suddenly you decide to increase your prices, that will affect them because they might perceive it as a higher quality product. However, they might not buy it now because it’s more expensive. So, the customers do get affected.

Since there’s so much competition, you need to make sure that your customers, your stakeholders, customers are happy.

3. The government

The government is definitely interested and affected by your business decisions because the you pay tax to the government and the higher your profits are the higher tax the government gets.

4. Workers

They are affected by decisions because they want job security, they don’t want to end up working in a company who is at the point of closing or shutting down and they want to make sure that if you’ve decided to grow, then obviously they are happy because they know that their job is secure.

They’re gonna be working in the company, they don’t need to look out for another job and they might even get a promotion because the company is growing and the company will earn more and maybe they’ll get more bonuses out of those processes.

5. The owner

The owner is the one who owns the company, he is not earning a salary, he’s earning what he sells and whatever, he earns is after paying you your salary, after paying the workers,after paying all the expenses that a business can have. That’s when he gets the ultimate on money; the final money.

Sometimes, he has roughly nothing because he has faced so much.

6. Money lenders

If the bank has given you a loan, the bank wants to know whether you’re capable of paying interest and repaying and paying back the loan. If you suddenly decide to shut down because you’re unable to run the business or you go bankrupt and your bank will seal arm your business and will get a hold of you.

7. Suppliers

The supplier on the other hand also get affected because they lent you the materials, if you suddenly decide to close down, then suppliers obviously now have one client less.

They know that they now have to find another client in order to serve a purpose or as well the supply. Sometimes, they give you credit. They allow you to pay for two months later for whatever material they supply to you.

If your company suddenly starts doing terribly and starts performing terribly, you’re not selling well, you don’t have enough money to even pay to the creditors, the suppliers will get affected because the supplier has lost all its material he has already given it to you.

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