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21 Secrets to Franchise Business Success

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1) Evaluate your tolerance for risk

Opening a new business is a scary prospect. There’s a lot of personal, professional and financial risk to consider. It’s natural when contemplating such a profound step in your career to look at ways to manage your risk and increase your chance of success.

The Small Business Administration conducted a survey that found 62% of non-franchised businesses failed within 6 years. A separate study by the United States Chamber of Commerce found that 97% of franchises were still open after 5 years.

The research conducted by these independent third party organizations clearly demonstrates that choosing a franchise business carries significantly less risk than starting a business on your own.

2) Work with what you’ve got

Making a list of your strengths is easy. But when launching a business, it’s also important to make an honest assessment of your weaknesses.

Before you get to work selecting a franchise, take the time to develop a list that honestly depicts your strengths and weaknesses as a potential business owner. Then use this profile as a tool to help with the decision making process.

Ask franchise owners questions about the duties they perform, and compare the job requirements to your profile. If the business has the potential to be a good fit, the skill sets required to run the business will either be skills you already have or skills you can learn quickly. If this is not the case, it’s best to keep looking.

If a certain aspect of a franchise has a steep learning curve but the business is otherwise a great fit, you may want to consider hiring someone experienced with that position. If this is the choice you make, be sure to include their salary and benefits in the financial business plan.

3) Remember to run the business

Many potential franchisees make the mistake of thinking they’re limited to buying a franchise in their current field. In fact, this might be the worst way to go.

Some franchises will not allow someone skilled in a particular industry to buy a franchise in that industry. For example, a mechanic may not be allowed to purchase an auto repair franchise. Skilled technicians sometimes find the transition from hands-on work to management work difficult to make, and are tempted back onto the floor to do the job they’re familiar with.

The problem with this is that you grow the business by running the business, and what a franchisor wants to see on the bottom line is growth. A business owner needs to be out networking, marketing and interacting with customers. If there’s too much work on the floor of an auto repair franchise, then the owner – even if he’s a highly skilled mechanic – needs to hire more mechanics.

Basic business skills are transferable to any franchise. If your current position involves universal roles like sales, marketing or accounting then your franchise options are practically unlimited.

4) No business is recession-proof

There’s no such thing as a business that can’t be impacted by a faltering economy.

There are, however, certain industries that are considered recession “resistant.” These are generally products and services people can’t do without no matter how much they’re cutting the budget.

The good news is there are hundreds of great franchise opportunities in recession resistant industries. The following are just a few examples:

Top recession resistant industries: Food · Automotive · Healthcare · Medical·Clothing · Education

Recession resistant franchise industries: Fast food restaurants· Automotive maintenance, parts and repair · Weight loss and fitness · Resale shops and discount (dollar) stores · Education (tutoring) and child care

5) Objectively evaluate professional advice from personal sources

Friends and family have your best interests at heart, and their advice comes from a place of love and concern for your well-being. No one would suggest making the personal, professional and financial commitment to launching a business without consulting your loved ones.

But friends and family are not subject matter experts and their advice can – intentionally or not – discourage a new business venture. The people who love you worry about what could happen if you fail, and their instinct will be to protect you from the risk.

When it comes to the final decision whether or not to proceed with purchasing a franchise, of course you will carefully weigh all the advice you’ve received. The key is to rely most heavily on the advice offered by industry professionals.

6) There’s no such thing as a free lunch

There are countless “free” franchise brokers and consultants out there claiming to offer unbiased information on franchise opportunities. They will work with you to assess your needs, and use your professional profile to help make recommendations on franchise opportunities that may suit you.

The problem with these services is that they get paid by the franchises for selling franchises. That means they are naturally only going to show you options they’ll get paid for. And in the case of high profile franchises that may offer them 2 to 4 times the average commission, there’s a real risk they may steer clients to those businesses whether they’re a good match or not.

These broker services may have access to detailed data on several hundred franchises and they can be a great source of information. Just be cautious about their recommendations, and get a second opinion before investing your money.

7) Tune out the hype

Never before was the adage “if it sounds too good to be true, it probably is” more applicable. You’re going to hear a lot of hype – good and bad – while assessing potential franchise opportunities.

Between marketing blitzes and human nature, it’s easy for success stories to spread like wildfire. Think about the guy who lost weight eating Subway – that story is so pervasive it’s become almost impossible to separate the allegory from the restaurant in the public’s perception. The hype surrounding that marketing campaign will have an impact on potential Subway franchisees for the foreseeable future.

It’s also natural for people to look for something to blame when things go wrong. Because of this there are also going to be negative, emotionally charged franchise stories in circulation. However, keep in mind the nuanced details that created such situations are never discussed; only the attention-grabbing outcomes.

No one is suggesting you completely ignore these stories, because hidden beneath the hype there are likely valuable lessons to learn. Learn from them what you can while keeping in mind what they are: unique situations with complex back stories that probably have no bearing on your success whether or not you choose the same franchise.

8) Look beyond the big brands

Sometimes it’s easy to forget there are thousands of franchise opportunities out there, because the big name brands get all the attention. When you’re in the early stages of your search, it’s a good idea to bypass the overblown marketing of the huge franchises and make an effort to learn about the “no-name” franchises in your industry of interest.

There are quite a few advantages to lesser known franchise brands. For instance, they are often cutting edge concepts that can get a lot of marketing attention. Lesser known franchises haven’t yet saturated your local market. And they’re usually less expensive to start up, which means less financial risk.

Of course, you may be looking for the security and benefits that come with a big name franchise. Criteria such as national marketing campaigns, standardized employee training, management support and strong purchasing power may be at the top of the checklist for what you’re looking for in a franchise, and there’s nothing wrong with that. But if you’re not interested in being another instantly recognizable box in another strip mall, then a ‘no-name’ franchise might be for you.

9) Look beyond the price tag

Just because a franchise is more expensive does not mean it will be more successful.

It’s important to evaluate every aspect of a franchise – financial projections, monthly franchise fees, franchiser support levels, issue response time, customer base and marketing, to name a few. The price tag is a factor to consider, but should not be the sole criterion for evaluating the quality of the business opportunity.

Once you narrow down your preference to a particular industry, conduct due diligence on 2 to 3 franchises in that industry. Gathering adequate information on several comparable franchises will allow you to make an informed decision.

10) Comparison shop

Once you decide a franchise is right for you, keep looking.

If you decide to purchase a franchise of Coffee House A, then it’s time to start looking for reasons not to buy it. Build a list of questions, and then go talk to owners of Coffee House B and Coffee House C.

Be blunt – ask the competing franchise owners why they feel their business is better than Coffee House A. Ask them what made them choose B over A and C. Ask them if they would recommend you buy the same franchise, and don’t stop digging until you’re clear on the why (or why not) of their response.

Build a spreadsheet comparing the details of the franchises. Include data such as the benefits offered, financial commitment required, estimated monthly expenses, commercial lease requirements and franchise fees.

If your franchise preference stands up to the scrutiny, then you’re on the right track.

11) Contact current and former franchisees

The best way to find out if a franchise is right for you is to go behind the scenes and ask a lot of questions.

Before making a buying decision, prepare a list of questions. Contact at least five current franchisees and make an appointment to discuss your interest in the business. Whatever else you discuss, be sure to ask the questions you prepared.

Try to arrange an all day job shadow session with at least two current franchisees. This will allow you to observe the daily operations of your potential future business without committing to personal financial risk.

Contact several separated franchisees to learn about their experience. Understanding their reasons for getting into – and out of – the franchise can impact your decision.

12) Do your due diligence

All franchises are not created equal, and it’s your job to sort them out. The information is out there – all you have to do is go get it.

Conducting due diligence on a franchise opportunity should include:

· Check with the Better Business Bureau for complaints

· Check with the State Attorney General for complaints

· Speak with the franchisor

· Request a Franchise Disclosure Document (FDD)

· Attend a discovery day with the franchisor

· Make at least 10 calls to current and separated franchisees

· Make appointments to meet franchisees and visit the operation

· Job shadow a franchise owner (or owners) for at least a day (longer, if you can)

· Repeat as necessary

The purpose of due diligence is to reduce your risk. All the steps are necessary, but the most important step is interviewing and job shadowing a current franchise owner.

Some franchise owners will allow potential franchisees to spend weeks at their business learning the ropes. They may be willing to share detailed financial data, and can confirm or refute claims made by the parent company. A franchise owner can answer questions the franchisor may be legally bound from discussing. You may be able to make assessments about your own management style or potential business location by observing theirs. Visiting operating franchises in the course of due diligence may be the single best method for evaluating your potential success with a franchise opportunity.

13) When the time is right, hire a legal and financial team

Getting expert advice on the legal and financial aspects of a potential franchise purchase is essential. Some buyers skip this step to save money, but this is not the place to cut corners. The relatively small fees a lawyer and accountant charge pale in comparison to the enormous financial loss you’ll incur if the business fails.

Bringing in the legal and financial experts too soon in the purchase process can also be a mistake. Their professional opinions are necessary and valuable, but their advice can be expensive and potentially counterproductive in the early stages of your search. It’s crucial to remember when seeking their input that they should not choose the franchise for you.

Bringing in an accountant too soon can mean paying for them to run Profit & Loss data on every franchise that catches your eye. This onslaught of numbers can cloud your judgment, particularly if they’re taken outside the context of in-depth, due diligence research on each business.

Bring in an attorney too soon can mean paying them to review the Franchise Disclosure Document (FDD) for every franchise that strikes your fancy. Studying detailed franchise information at such an early stage with a legal advisor who doesn’t understand your personality, lifestyle and professional preferences can be detrimental to your search. You could end up inadvertently being talked out of the perfect business.

Waiting to bring in legal and financial advisors until your franchise choices have been narrowed down dramatically is not just cost effective. It’s the logical way to use the team’s expert advice to your best advantage.

14) Feel the fear and do it anyway

The best way to manage your fear of buying a new business is to manage your risk. The best way to manage your risk is to learn everything you can, then proceed according to what you’ve learned.

Start the process with no intent to purchase. That removes the chance of getting so excited about business ownership that you take an irrevocable leap with the first prospect you research.

Above all, ask yourself “can I picture myself doing this all day?” If the answer is “no,” then be grateful for what you’ve learned and move on to researching a different industry.

The research and due diligence processes get easier with practice. It may take a few attempts to find the perfect franchise, but your efforts are not wasted. By actively engaging in the search, you’ve made yourself familiar with the process. And there’s no fear in the familiar.

15) Go it alone

Business partnerships are appealing on the surface because the idea of splitting costs, liability and workload is tempting. But it’s nearly impossible for any two individuals to work together as much as necessary to launch a new business without problems developing.

If it is a financial necessity to form a partnership in order to purchase your franchise, it’s crucial to define the roles each partner will play well in advance. If at all possible, try to structure the partnership so you own 51% and have the power to make binding decisions for the business.

Entering a partnership is not to be taken lightly, and should not be done without consulting your attorney.

16) Lease, lease, lease

Most franchises provide detailed specifications on the type of commercial real estate required to launch the business, and many will assist with the search for an appropriate property.

Leasing a commercial property is nearly always preferable to purchasing one. The capital required to purchase a property is better reserved to fund operating costs for the first few years. It’s also preferable to sign short lease terms with options to extend rather than committing to a long lease term.

Because many commercial leases include taxes and assessment fees buried in the fine print that can cause financial problems for your business, it is very important to have your attorney review any commercial lease before you sign it.

17) Don’t forget you’ve got to eat

One of the most common mistakes people make when working up a financial business plan is forgetting to pay themselves. This simple oversight is at the root of a lot of failed businesses.

In a perfect world we would all have enough in savings to go a year without a paycheck, and everything a new business makes could go right back into making it stronger.

The reality is we’ve all got bills to pay. It’s important to be honest and thorough when estimating the salary the business will need to pay you. Cutting yourself short will create enormous problems, especially if your fledgling business can’t afford to give you a raise yet.

This is one area where decisions you make for the business directly impact your personal life. The franchise isn’t going to do you much good if your heat’s turned off and the bank is foreclosing. Taking extra care with this critical detail could someday save more than just your business.

18) Consider alternate financing options

In the current economic climate, strict lending standards are making it harder than ever to get a commercial loan issued. When loan approval is a problem, it is worth considering your 401(k) or IRA as a resource for purchasing your business.

These self-directed retirement structures do permit individuals to actively invest their retirement funds into a business without taking a taxable distribution or incurring early withdrawal penalties. A successful use of this financing method offers the chance for a greater potential return on your money than the original investments.

Using your retirement funds to purchase a business is not to be taken lightly. But if done right, having your own business could be the best retirement plan of all.

19) Lead by example

If you’re not working hard for your business, neither will your employees.

At the end of the day, the only one who cares if your business succeeds is you. This is not the time to kick back and count the money. In fact, that attitude is the quickest way to ensure that soon there won’t be any left to count.

Even the most diligent business owners may forget that employees can’t see through the office door. They have no idea you’re calling customers, ordering supplies, writing a marketing plan, reviewing applications and trying to find a way to cover next week’s payroll. For all they know, you’re taking a nap.

When an employee sees a manager coming in late, leaving early and taking long lunch breaks they think the worst. They don’t understand that you came in late because you attended a 7 am referral group meeting. They have no idea that your lunch ran long because you were signing a deal with a big new client. It doesn’t occur to them that you left early so you could attend a Chamber of Commerce networking function.

Communication with your employees can help them see you’re working as hard as they are. Share your growth projections and help individuals set goals to meet them. Bring key employees to client meetings. Send high performing employees to networking functions in your place. By giving your employees a role in growing the business, they’ll take pride in supporting your success.

20) If you don’t love it, don’t buy it

Confucius said “Find a job you love and you’ll never work a day in your life.”

If you wake up in the morning and dread going to work, your franchise will not be successful. It’s as simple as that.

The beauty of franchising is the endless variety of options – there’s literally something for everyone. You just need to devote the time and effort to figuring out which one will make you hop out of bed every morning, happy to be doing what you love.

21) Use every resource at your disposal

Investing your personal, professional and financial future in a franchise opportunity is a big decision. Use every source of information you can find, and compare the data to make sure you’re getting the whole story.

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The Rise of the Global Boutique Production Company

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Production companies working with film and photography have seen the industry change over the course of the 20th century. Once relegated to the mega-studios or individual advertising companies, now it is common to find a production that is small enough in size to serve the individual needs of each of its customers, but able to do so on a global scale. With modern technological advances and partnerships with the right niche contractors around the world, these companies handle every digital branding need for businesses large and small.

Global Impact, Local Service

As industries grow, it’s been common for businesses to evolve into massive corporate entities, with huge staff and presences around the world. While this made it effective for these companies to handle a volume of work, each individual client that they served often lost out on that personal touch that is so necessary to effectively building and maintaining a brand presence. For example, a company looking to target customers overseas may find that working with a large company means they never know who they will be talking with at any given time, while instead, finding a German production company will help them develop the exact right materials to target that market, all with a devoted staff guiding them through each stage.

Able To Handle The Largest Jobs

The benefit of these smaller-scale production companies is that they can handle just about any needed job, wither in-house or through a network of related partner contractors. For example, in the above scenario, the German production company would know the right people – from casting directors to camera operators – to film a video job in the country, without the client needing to leave their home base.

A single boutique production company can handle any print media elements that may be needed for a campaign or event, including ad campaigns, catalogs, and even published interviews or editorials. If it comes to a special cause, a company can help put on an event from start to finish, even something as unique as an art exhibition or fashion show.

Not to mention, a company means that clients are able to access Hollywood’s resources. Whether the goal is to have a particular celebrity endorse a product or an ad, or to cast a group of actors for roles in a promotional video, the production company will have all the means to handle every single aspect, from start to finish.

Size Matters

It can’t be said enough that one of things attracting large-scale clients to smaller, boutique production companies is that they can have more or less of a role in the entire branding or marketing process. Some clients prefer to be entirely hands-off, in which the above resources can be utilized to take care of every aspect. Or, if a client prefers to attend castings or visit locations, a smaller team will be more than happy to accommodate requests.

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What is PABX System?

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So, in such cases, installing business phone systems is great option. Not only does it save you time and money in the office, but also prevents you from losing out on potential business, even when you are away. One such office phone system is the PABX system, which stands for Private Automatic Branch Exchange.

PBX

PBX is an acronym for Private Branch Exchange and it stands for a telephone exchange that is used in business or the office as opposed to one that is used as a common carrier or telephone company that operates for many businesses or for the general public.

PBX is also referred to as PABX-Private Automatic Branch Exchange and EPABX-Electronic Private Automatic Branch Exchange.

PBXs are used to make connections amongst the internal telephones of a private organisation, which are usually business oriented. They are also connected to a public switched telephone network (PSTN) through trunk lines. As they incorporate telephones, modems, fax machines, and many more parts, the general term “extensions” that is given is referred to the end point on the branch.

PBXs are differentiated from the key systems in which the users of the key system manually select the outgoing lines, whereas the PABX phone system selects it automatically. There are some hybrid systems that combine both the features. In the beginning, the main advantage of PBXs was the cost saved on internal phone calls, handling the circuit switching and thus locally reduced charges for the local phone service. Over the time, as PBXs increased in their popularity, it started offering many more services than the operator network, like call forwarding, extension dialling and hunt groups. In the early 1960s, there was a simulated PBX known as Centrex, which provided many similar features as the central telephone exchange.

How it all began

There were two significant developments during the 1990s and it led to new types of PBX systems. One of the developments was the immense growth of the data network and the increased understanding in the public about packet switching. Companies needed packet switched networks for data and to use them for public telephones was very tempting and with the global availability of the Internet, the system made packet switched communication became even more attractive.

These factors then lead to the development of the VoIP Phone System, which stands for Voice over Internet Protocol. Another development that leads to the hosted PBXs was that most companies realised that they did not have the core competence to handle the telephony of their companies and they required it to be done by someone else. Thus, in a hosted PBX setup, the PBX is situated and managed by a telephone provider and the features and calls are delivered through the Internet. The customer has to just sign up instead of buying the hardware. But today there are many companies that are setting up their own PBX systems, which are available with companies like ITT Communications.

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Play Poker With Online Casinos

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There is this inherent desire in every human being to earn loads of money and that too, as soon as possible. However, it is hard to refute that there is no shortcut to success. With the introduction of online casino games and poker, there finally seems to be a way to play online poker easily.

Why is online poker so popular?

Online poker seems to be the buzzword among both die hard gamblers and novices who are simply thrilled by the rising popularity of this game. In fact, most of the students in USA prefer playing poker rather than engaging themselves in summer jobs for their allowances. Although, online poker games might start as a hobby for most of the people, it soon goes on to become a source to earn some easy money instantly.

Most of the people seem to be welcoming the concept of poker games. However, critics slam it as a fraudulent and highly risky game which could backfire on the player at any point of time. Although a large number of professional players bet that their success rate is cent percent, another fact which needs to be understood is that playing poker with online casinos still hasn’t been able to receive legal sanction.

Are parents fine with it?

Most of the parents seem to be sceptical of their children who invest large amount of their time, energy and even money while playing online poker. However, certain parents are also completely comfortable with the idea of their children playing poker in order to provide their tuition fee themselves.

Though it cannot be ignored that there are mammoth amount of failure stories where people have lost huge amount of money while playing poker, winning is not fairly common. Professional players who play poker for a fee claim that it is important to learn certain gambling moves in order to master the game. One can only learn these moves when they have practiced the game again and again, therefore mastering it. It is advisable that novice gamblers who do not have a thorough knowledge of online poker should not risk investing too much amount while playing online poker initially.

On the other hand, professional poker players seem to be more cautious than any other kind of player. This is because these individuals are supposed to play on a limited amount of sum and claim their win as well. The best advice which can be doled out to any novice who is about to venture into the world of online poker would be not to invest their amount in one go. It is better to increase or decrease the amount of sum invested on the basis of their performance in them game.

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Relationship Withdrawal – Why You Feel Like You’re Going to Die

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You have just broken up with your boyfriend/girlfriend and you can’t eat, sleep, feel panicky, disoriented, can’t focus at work and feel like you’re going to die. Maybe you feel nauseous, have headaches, feel depressed, can’t function at home or at work, have cravings for the person, have thoughts of suicide, feel shaky, forgetful, or a host of other symptoms that make you feel horrible.

Welcome to relationship withdrawal. Yes, the symptoms you are feeling are the same symptoms a drug or alcohol or any other addicted person feels when their “substance” is removed from their lives.

How can this be so? And why is it so intense?

I have written several articles on the effects dopamine has on the brain. Dopamine is the “feel good” transmitter that our brain produces in response to something that triggers it. The trigger can be positive: exercise, falling in love, being surprised with some wonderful gift from a loved one; and it can also be triggered by something negative: spousal abuse, an unexpected response or event, drug/alcohol abuse.

The bottom line is this: Our brains like dopamine and they don’t care what we have to do to supply it to them, as long as they get their “fix.”

When we find ourselves out of a relationship with someone, it does not really matter to the brain whether it was a healthy or destructive situation. As long as the brain was getting its dopamine needs met, it felt okay. But once that supply is gone from our lives, the brain gets cranky and starts to flood us with all sorts of physical and psychological symptoms. Sometimes these symptoms are so bad, that we will voluntarily return to whatever the supply was that we left, including horrible and painful relationships, just to get that dopamine level met and thereby quiet and quell the dreadful withdrawal. This is one of the reasons some people can’t leave a bad relationship. It is also the reason we feel like we are dying when we get dumped from what we thought was a good relationship. It is like being on a treadmill running 5 miles an hour for a long period of time and then suddenly the treadmill is turned off. We are still in motion, even though the treadmill is no longer running us. Instead of the euphoric dopamine production, we crash and burn in a dysphoric state.

The brain knows there are many ways for us to get our dopamine “kicks.” But as creatures of habit, we will seek the same thing over and over until it destroys us; or we may instead switch addictions and leave the drama filled relationship and do other things to get our dopamine needs met. With each bout of addiction comes the need to up the ante because the brain will need more and more as it gets accustomed to the ever increasing levels of dopamine. The pattern becomes a disease of the brain which is constantly talking to us and telling us to feed it more and more. This explains why people literally feel as if they are going into withdrawal when they get out of a relationship. The brain is begging for a fix.

Anyone who has ever been through drug or alcohol rehab knows that it takes time to go through the withdrawal. Time has an elegant and eloquent way of calming us down if we allow it to. If you or someone you know is going through relationship withdrawal, share this information with them. Be as supportive as you can and if you are going through it yourself, don’t isolate. Isolation will magnify the symptoms and prolong the recovery. Get active and stay busy in something positive. Start to walk, jog, volunteer to work with animals, work out at the gym or take a class so that the dopamine levels in your brain can be positively activated. And do this every day whether you want to or not. If you wait for your feelings to catch up with you, you will never get there! Get a notebook and journal about your feelings each day, then put the notebook away and get proactive doing something positive for yourself. Allow yourself only 5 minutes twice a day to cry over it and then get on with your life in between the crying spells. Seriously, schedule and time out your crying spells. Then get on with it. Learn from the relationship and make a solid plan for what you will do, won’t do, will allow, won’t allow the next time you are in a relationship. Know that in time, you will look back on your stint in withdrawal and it will be over…for good.

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Internet Speed: How Fast Is the Internet Across the Globe

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The Internet has grown exponentially in the last years. More and more people are now connected and have access to the internet. Considering that people now rely on the internet to perform their daily tasks and even interact with their peers, it is now a must to have Internet access wherever you go.

But not all places have the same Internet speed. The internet speed differs in many areas because of a lot of factors. It can be the infrastructure of the service provider or even how you set it up in your home.

You would think that the US has the fastest Internet Connection on the globe as it is considered a first world country and has the means to create a better infrastructure for this. However, the country with the fastest connection is found on the other side of the globe, South Korea. Having a speed of 39.41mbps, it is considered as the country with the highest internet speed. And they are still on the quest for more!

Here is the list of the countries with the fastest Internet speed in the world.

1. South Korea

Apart from having the fastest speed, the country holds the most wifi spots. If you always want to stay connected, then South Korea might be the best country to live in.

2. Latvia

The main users of internet in Latvia are from ages 16-24. Given that number, you can easily assess that most users are the millennials and are always using social networking sites and other modern apps.

3. Lithuania

They have fast internet, that’s a given. However, the recent study shows that a lot of internet users in Lithuania are experiencing security problems last year.

4. Aland Islands

Not only a place worth to visit because of its great landscape, it’s a perfect spot if you are looking for a speedy internet connection.

5. Romania

This might come as a surprise but Romania is a hot spot for companies that would like to set up their web host. Thanks to the fast internet speed for that.

If you are still interested to know some of the countries that have the fastest internet speed, then you can find them here. At least you will know what to expect if you are about to visit these places.

(Netherlands, Republic of Moldova, Sweden, Portugal, Iceland, Japan, Belgium, Switzerland, Andorra, Singapore, Bulgaria, Germany, Estonia, Denmark, Hungary, Ukraine, France, Luxembourg, Norway, Finland)

Internet speed in these countries is between 13 mbps to 39 mbps. It just shows that the internet speed does not depend on the economic status of the country. Every year, the speed increases roughly around 10% which just shows the hunger for speed of the global users. With the fast-paced lifestyle we have now, the internet would also need to keep up. Do you think it will?

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Mobile Document Shredding Services – 10 Good Reasons to Hire a Professional Paper Shredder

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Thanks to new laws passed by the government, creating a document shredding plan has become a part of doing business. This is to keep non-public information handled by businesses and organizations secure and to prevent identity theft. However, some companies still shred paper themselves. In this article we’ll look at 10 good reasons why it is a good idea to hire a mobile document shredding company to handle this work for you.

  1. Ease of Use – Mobile shredding companies provide clients with secure locking containers. When sensitive materials need to be disposed of, they can simply be dropped in the locked console, rather than having to shred them individually. Forget removing staples, paper-clips or bindings…With high volume capabilities, you can toss huge folders of paper work into shredding trucks and they are shredded beyond recognition in seconds!
  2. Cost Efficiency – Shredding trucks shred paper faster and have much more capacity than any regular in-house shredding machine can provide. If you were to assign an employee to do this task, it would cost your company more than hiring a shredding company. It is even more cost effective than having a minimum wage employee do the shredding, let alone someone who gets paid good wages. Why waste the time of talented employees by making them stand over a shredding machine? Also, shredding machines are not cheap, and can require repairs if used a lot.
  3. The FTC Safeguards Rule of the GLB Act mandates that private data be monitored for destruction.

    Most mobile shredding services have observation screens where you can watch the papers being shredded. You are also provided with a certificate of destruction. Other services, such as recyclers can easily lose your papers on the way to the recycling plant. They pay little attention to the security of your data. Why increase your legal exposure and risk huge fines for improperly disposing of private data?

  4. It’s An Ethical Business Practice.

    Do you really want papers your customers’ or clients’ non-public information blowing in the wind? Think of how bad you would feel if your customer data was stolen because you were too lazy to take simple precautions…Not to mention the huge PR damage your business could take.

  5. With A Shredding Service, You Get Major Help From Pros

    Let’s face it…Compliance with all of the various shredding laws is not always simple. There are many laws and it can be hard to decipher all of the various sources of information. When you hire a shredding company, you get years of experience behind you.

  6. The Environment.

    It’s good to know shredded paper is baled and ends up in paper products like those coarse paper towels you wipe your hands with in public bathrooms. Many shredding companies sell the the bits of paper to paper mills and it is recycled into new paper products.

  7. Better Than ‘Off-Site’ Destruction

    On-site shredding is way more secure. You can actually see the paper being shredded first hand before it leaves your property. By having it done on-site, you eliminate all of the possible risks of exposing your data in it’s complete form after it leaves your premises.

  8. Self Interest & Competitive Advantage

    Many business secrets have been lost to improper handling of important information. Keep your competitive advantage by keeping your data private! Corporate dumpster divers have cost companies millions. With a secure mobile shredding service, you can eliminate (or minimize) risk of competitors and make more money.

  9. Organization

    By organizing your papers and creating a shredding schedule, your home or business can become more efficient. Shredding papers saves tons of storage space and frees up room for more important office equipment.

  10. Peace of mind – Without the proper safeguards, information ends up in the dumpster where it is readily, and legally, available to anybody.

To learn more about how to choose a shredding service and to find a company near you, visit The Document Shredding Directory today.

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