Business

Turbo Jam Review: Can You Lose Weight In Your First Week On Turbo Jam?

I have probably seen the infomercial on television for the exercise program, Turbo Jam, and wondered if the results are real. Does this program really work? Can this program help me get real results? It is possible that I have even seen the Rapid Turbo Delgado Results program that comes with Turbo Jam presented in the infomercial that guarantees results of up to 10 pounds of weight loss and 10 inches lost in up to 10 days, but the rapid starting programs like that do they really work?

I tried the Turbo Jam program at 20 pounds overweight and after battling chronic fatigue for 6 years due to my autoimmune ulcerative colitis. He had not exercised in over 2 years due to chronic fatigue associated with the disease. I decided to give it a try after wanting to lose 20 pounds, get rid of the tire around my waist, and get more energy. I really didn’t know if the program would work for me since I was out of shape, chronically ill and hadn’t exercised in over 2 years. I was surprised by the results.

I started with the Turbo Slim 10 day rapid results program that comes with Turbo Jam. It is a 10 -day physical food and conditioning plan that is an additional plan to regular and advanced training schedules and the food plan included with the training program. During the 10-day program, you exercise for 10 days in a row and follow a meal plan that consists of real food. There is no hunger! I was surprised to discover that food plans included real daily foods that people really have time to prepare and consist of ingredients that people already have at home. My favorite meals were the tuna salad, the chicken pita, the turkey burger, and the chicken burrito with rice and beans. It is very easy to prepare and fix. The magic of the meal plan and the physical conditioning plan of 10 days of rapid results is that it is high in proteins and low in carbohydrates and helps accelerate its metabolism to burn many calories. The 10 day kickstart program really paid off. I lost 7 pounds 3 inches in 10 days following the plan. This weightlessness motivated me to complete the entire program and lose 12 pounds and 8.5 inches in 38 days with the program.

So if you are a woman considering buying Turbo Jam and you struggle with low motivation every time you don’t see results and see some results within the first two weeks of a program, and you want to lose weight fast and lose inches off your waist , I highly recommend the program.

To learn how you can use the 10-Day Rapid Results Program during a 90-Day Turbo Jam Challenge to lose weight, drop inches off your waist, and have more energy, go to: Turbo Jam Review.

Business

Such is the Importance of a Claims Policy for the Start-up of a Company

What does a complaint policy mean? Simply put, it is a process that ensures that business establishments and their employees comply with the specific laws and regulations that apply to them. These corporate complaints cover both internal policies and applicable federal and state law standards.

Risk is something that companies of all scales experience. Also, in some cases, even a risk management strategy is not good enough.

However, with a proper complaints management system, companies can cover all the essential bases and safeguard in the best possible way.

Discuss the importance of a good complaint management strategy:

According to the World’s Most Successful Companies, two things are crucial to keeping track of all your compliance requirements:

  • First, they have a complaints division usually headed by the CCO – Chief Compliance Officer who oversees all crucial issues.
  • Secondly, they incorporate an adequate complaints kit. It includes databases and extensive software required to monitor audits, major court cases, performance management sheet, key management factors, and more.

The implementation of such policies generates notable differences in the operational competence of a company.

  • Helps build a positive reputation in the marketplace

Each company aims to secure a respectable stature in the marketplace and be considered trustworthy by its target audience. The success of a company depends to a large extent on the type of public image it has. However, if end clients encounter a corporate agency facing numerous court cases and other similar issues, they tend to lose their trust and start to doubt the quality of your service/product. It is surely the last thing any business owner would want to experience.

With proper complaint dogma, business owners can ensure that they never have to witness this dreaded day. They can easily maintain their positive image and collect advertisements, sponsorships, etc.

Again, having a reliable complaints management policy ensures that companies overcome different legal cases, accidents, and other image-damaging concerns.

  • Optimal Productivity Level:

With the help of a proper grievance management strategy, companies can also ensure that their work environment is robust and friendly. With the internal management of complaints, company managers can manage and regulate:

  • The necessary safety measures for its workers.
  • Keep up to date the salaries, incentives and annual compensation of its workers.
  • Ensure worker satisfaction by monitoring and resolving their issues and complaints early before it starts to hamper the entire office environment.

Numerous successful entrepreneurs take the view: having a strong complaint dogma with an efficient audit division ensures higher labor productivity and performance in the marketplace. It allows business heads to have proper rules in place for security, whether it be for staff, customers, or even the company as a whole.

  • Effective Risk Management:

Risk management is an essential strategy that most companies need to incorporate. Identifying potential risks and preventing them from occurring is the goal of most companies. With a proper grievance plan in place, an organization can focus on those areas and conduct assessments as corporate risks constantly change.

Top-rated agencies that have stable complaint policies and procedures help corporate stewards to:

  • Enforce the latest industry trends
  • Establish risk denial policies for specific risk areas
  • Evaluate audit results and employee competence/development

Simply put, it allows a company to mitigate against complaint violations and work proactively to consistently achieve company objectives. Having made its mark on various economic enterprises, risk management serves the medical and financial sectors the most.

Bring competitive differentiation:

Successful entrepreneurs have claimed that with a proper compliance procedure, companies can achieve that decisive competitive differentiation in their target market. In addition to reducing risk, it also helps drive a client’s operating results.

With general management system improvements, data reporting, less confusion in complying with any new company regulations all serve as great benefits for a company.

These reasons clearly explain why it is so important for a business owner to have a stable complaint program. So, find a reputable complaint system provider and revolutionize overall business functionality.

Business

Life Settlement – What is it and how does it work?

A life settlement is a financial transaction in which a policy owner who owns an unnecessary or unwanted life insurance policy sells the policy to a third party for more than the cash value offered by the life insurance company. The buyer becomes the new beneficiary of the policy at expiration and is responsible for all subsequent premium payments. The life settlements are an important development because they have opened up a secondary market for life insurance where policyholders can access the fair market value of their policies, rather than accept the lowest cash surrender value of the issuing life insurance company.

Generally speaking, life settlements are an option for high net worth policyholders age 65 and older. Independent estimates report that among this group, 20% of policies have a market value that exceeds the cash value offered by the insurer. And while many policyholders aren’t familiar with life settlements until a financial professional mentions the option to them, the concept has caught the attention of high-profile advocates including Warren Buffett, former US Representative Bill Gradison and numerous other policyholders. media, including The Wall Street Journal. , Time Magazine, Business Week and The Economist. A growing number of experts now believe that informing clients about the offer of life settlements should be part of a financial adviser’s fiduciary duty.

How does it work

In a life settlement transaction, there is a chain that runs from the seller of the policy to the ultimate purchaser of the policy (known as life settlement provider.) Each link in the chain has a different responsibility to facilitate the transaction and ensure it runs smoothly, while third-party providers often assist the provider with specialized functions.

It’s what we do

Our niche was formed to meet the changing demands of trusted advisors and their clientele, who are increasingly taking advantage of the burgeoning secondary life insurance market. The market is booming as customers realize the $108 billion* of existing policies have unrealized potential in excess of their cash surrender values. Advisors maximize these gains for our clients, who are rapidly becoming more sophisticated and savvy about these opportunities. Our directors have more than 75 years of combined financial planning and insurance experience, helping to integrate life settlements into a client’s financial, estate and/or other goals. All principles hold NASD securities licenses (in good standing) and offer the services of a broker/dealer to facilitate life settlements on variable policies. Variable policies are considered by many to be securities transactions.

This process used by our advisors ensures your client the best possible offer for their policy. This process includes understanding the client’s objective, reviewing alternative solutions (if requested) with their advisors, pre-qualifying all cases for the likelihood of a settlement, reviewing each case by in-house risk impaired specialists before it goes to market , and move the case forward and offers transparency through the proprietary TOP program.

Business

Advantages of implementing electronic forms processing services

Data acquisition and processing has become a critical function for any growing organization. Many companies for insurance, healthcare, education, retail, etc. they have to deal with a lot of the data collection and processing. This job is often cumbersome involving high cost of labor and administration. Some companies do this work in-house while others prefer to outsource it to some specialized companies. There are a number of data management or form processing companies specialized in this field that are successfully serving their clients. A business had to deal with a variety of forms like invoices, medical claims, insurance forms, legal or financial documents, etc., and the processing is tedious work. Therefore, it becomes important that a company outsources this work to some specialized firm that can eliminate possible human errors and convert it to any electronic format.

The immense generation of data in any large company needs a consistent and efficient data management system, as processing a large number of forms is time consuming. Today’s global businesses use electronic or digitized form processing services to obtain and store quality data.

Some benefits of implementing form processing services in your business are as follows.

  • Data quality: Hiring a professional form processing service provider improves the quality of data you get. By digitizing forms and with proper controls, one can ensure that authentic data such as phone numbers, addresses, etc. are obtained.

  • Reduce paper use: A good data management service provider can substantially reduce paper use by using electronic forms. This also makes it profitable for you as you have to use less paper and ink. Such electronic data capture also ensures that the data remains secure and stored with fewer problems.

  • Easy to edit: Digitizing data helps you easily edit and update data, as there might be many people working on that data. Through electronic form processing services, software systems automatically route data to interested individuals.

  • Minimize errors – Another benefit of using data management services is that it reduces or eliminates the chances of errors. Using automated calculations to process invoices, calculate taxes, prices, etc., errors are almost negligible. Advanced technologies can even make bill processing, credit card application, payroll, etc. be a fairly easy task.

  • Accessible: Companies in the insurance business, for example, have to deal with large amounts of forms on a daily basis. This creates problems in easily accessing these forms, since they are stored in separate places on physical forms. By digitizing and processing the forms using ICR and OCR technologies, one can ensure that the data is always at hand and easily accessible.

  • Reporting and auditing: Professional data management firms today use a digitized version of the data, making it easier to audit and prepare accurate reports. One can easily track the form through various stages and stay up to date on the processing cycle of the form.

In addition to all these benefits, other advantages of using professional form processing services are that they are cost effective and save you time to focus on your core business issues. Along with this, you have access to quality data management talent and flexibility to adjust services based on one’s business needs.

Business

Top 10 Qualities of a Juicy Network Marketing Business

1. You will have quality products

This cannot be overemphasized. The core of a good network marketing business is the products they have. Innovative and quality products speak to the credibility of the company and of you as a business owner. A good network marketing business should have a good place to get their products, preferably a vertical integration of their products. This can make such a company a market leader with a proven track record of success in terms of products.

2. there will be no passes

No one in your downline should be promoted above you as long as you are getting a good deal. As soon as you go into business, clone yourself into your downlines as soon as you can. A promotion for them should also be a promotion for you.

3. there will be no emotions

A juicy network marketing company should have a good marketing plan that allows you to relax if you need to without worrying about being demoted for inactivity. Once you cross a particular level, you have crossed it forever.

4. There will be unlimited income

A juicy network marketing business compensation plan should have multiple guaranteed income streams from different areas of the business that should generate residual income. And also, they may have an icing on the cake that should make your mouth water in the compensation plan as a volunteer entry.

5. There will be bonuses paid on retail prices

The wild card in this type of business is bonuses paid on top of retail prices. What this means in simple terms is that you make more money as the business owner. Note: Bonuses paid on wholesale prices are a red flag.

6. There Will Be Proven Financial Stability

Steady growth is a strong indicator of a successful future. Audited financial statement records must be made public for review. Review company growth charts and lifetime sales figures and get experts to interpret areas you don’t understand.

7. There will be business longevity

Look for a company with at least a 10-year history of growth and strong management. This is a good indication of a going concern and not a flash type of business. There are many out there who have been in business and weathered the storm. A good suggestion is at the end of this article.

8. There will be consumable products

An active customer base is critical to a successful network marketing business. This can only be built with quality consumable products. Also, this helps with quick turnover and you can easily increase your net worth and pay back once your customer base increases.

9. There will be a wide support network

A juicy network marketing business must have a good support system to help your business grow. Their success represents the success of the company. A company that seriously promotes this will offer excellent training, seminars, incentives, and a support center, among other things.

10 There will be an international presence

A business with an international presence in many locations shows a diverse business that demonstrates stability, growth, and extensive industry experience.

Business

Top five domain name selection criteria

When it comes to choosing a domain name for a business website, there are a number of criteria that can be used to gauge candidates. Choosing an appropriate domain name is important as the domain name is essential to a company’s online identity. A deliberate and well thought out domain name can have lasting benefits for a business, such as building a positive brand and generating repeat traffic. Once a domain name is registered, a business immediately invests in that domain name as it will exist in web links that drive search engine rankings, directories that drive web traffic, including on business cards, banners and other promotional materials. This article provides the top five criteria to apply when selecting and registering a strategic domain name for a business website.

The first criteria, which can also be seen as a prerequisite, is to find a domain name that is available. Since domain names uniquely identify a business online much like an offline phone number does, domain names must be unique. Many of the shortest and most desirable domain names are already in use and are of great value. These include Insurance.com, Business.com, Cooking.com and Diet.com There are many free tools provided by domain name registrants and web hosting companies to determine if the desired domain name is available and to suggest variations when the desired domain is available. already taken. It is also good practice for businesses to search the online US trademark database to ensure that a potential domain name is not a trademark for some other business. Believe it or not, there are known cases where companies had to surrender domain names they registered and were later found to be in violation of other companies’ trademarks, even though the trademark owners had not previously registered the domain name. .

The second domain name selection criteria is to find a name that is related to the trade name, brand, or industry. If the business has an established brand identity, then the domain name choice should be the brand name, if available. Some of the largest e-commerce sites fall into this category, namely Amazon.com, ebay.com, and craigslist.org. Your domain names are your brand names that have been established over the years. However, if a business is new and does not yet have an established and widely recognized brand identity, the selected domain name may benefit from being related to the business focus. Examples of this type of domain name include PRWeb.com, EzineArticles.com, and emarketer.com, although it is unclear to the author whether these now well-established brands were created before or after their domain names were registered. Either way, a prospective visitor can look at these domain names and get an idea of ​​the registered owner’s business focus. Having a domain name aligned with the business focus can also help with SEO (search engine optimization) and increase referral visitors to the business website from search engines.

The third domain name selection criteria is based on the old adage, “less is more.” In other words, it is best to select a domain name that is as short as possible taking into account the other selection criteria. Many suggest that ten characters or less is ideal. This can be quite a challenge with so many domain names already registered and in use over the last decade and a half. To make matters worse, many investors registered domain names for the sole purpose of branding and reselling them prior to use. This practice, known as domain name parking, is based on speculation of high demand and motivated buyers for certain domain names. That being said, there are still plenty of domain names available that are ten characters or less for those who want to get creative. Having a short domain name benefits the website address by reducing the number of misspellings, making it easier to remember, and it can fit on business cards, stationery, and signs.

The fourth domain name selection criteria is to register com suffixes whenever possible. Most Internet users assume that business entities will have domain names ending in .com instead of .net, .biz, .tv, .us, .info, etc. Many looking for the website of a well-known company or brand will add “www”. to the company or brand name, then add “.com” to the end to try to navigate directly to the website of interest. Some companies will select a popular brand or company name as their “root” domain name, but register it with a suffix other than .com, since the .com domain name is already registered by the brand owner. . While this approach can generate “free” traffic, the visitor-to-customer conversion rates will be very low, as these visitors will typically leave the website feeling cheated. The same principle applies to selecting a domain name using a misspelled brand or company name.

The fifth and final domain name selection criteria is what I call “The 3Rs”: easy to recite, easy to recognize and easy to remember. Random strings of numbers and letters make good system passwords, but horrible domain names. They are difficult to remember and almost impossible to guess. This applies to acronyms that stand for unknown brands. This is especially relevant when providing a website address to radio audiences or listeners of presentations. A good domain name will allow advertisers and presenters to recite a website address to potential customers and customers who will hear and recognize the website address and then remember that address the next time they are online. Domain names with word components that can be spelled in multiple ways, such as “ad”, “add”, “two”, “to”, “too”, should be avoided as listeners will be prone to misspelling the address from the website when they try to reach the business online.

Carefully selecting and registering a strategic domain name is an important step in launching an online business identity. Businesses will benefit from smart selection as domain names, once registered, will quickly find their way into countless materials, partner links, and search engine indexes that become expensive to update if changes are required. Applying these top five domain name selection criteria will enhance your online identity, increase website traffic, and make it easier for current and potential customers to connect with your business.

Business

Tilly Bagshawe’s characters are ready for the Cut Throat world

Reading is an adventure that doesn’t require you to buy a ticket, and Tilly Bagshawe is an author who understands all of these facets of the world of reading too well to pass up the opportunity to be entertained. Her work entertains and inspires you at the same time, and some of her titles may also require a second reading. Others give you company when you need it most, whatever your case, we won’t blame you if you look forward to the author’s next release. Whenever you’re ready to be transported to another setting with Tilly, be sure to take your imagination with you.

She steps out of the shadow of Sidney Sheldon

Tilly Bagshawe is already well known for having written her own continuation of Sidney Sheldon’s storytelling style, and for those who don’t know, she is the freelance author of the series now published under Sidney Sheldon’s name. The plots she comes up with are perfect for the cutthroat world we live in, and the stories conjured up by her are the ones we all want to read.

He began his career as a headhunter

Tilly Bagshawe grew up in England, attended a Catholic boarding school, and then went to Cambridge University to study History and English. She began her first career as a headhunter in London and later became a partner in the number one headhunting firm. She then moved to Los Angeles to begin her second career as a writer. She started out as a journalist for The Sunday Times and after about a year she came up with her first novel, Adored.

I discovered the inner writer gradually

Like scientists, she didn’t have an ‘Aha’ moment when she suddenly discovered the writer in her. She gradually realized that writing was what she had always wanted to do after feeling exhausted in the conventional high-stress headhunting job. From a very young age, she had been a single mother, and initially all she could think about was surviving and earning money. The fact that her sister was also a novelist helped a lot, and one of her friends was also a literary agent. All of these converged together to her logical conclusion and Tilly Bagshawe came up with her first book.

Novels set in glamorous settings

The first book, Adored, written by Tilly Bagshawe was set in the glamorous setting of Hollywood and was a family saga. Later titles by her also had glamorous settings which were very popular due to her escapist fantasy writing style. Tilly Bagshawe says that the second book of her Showdown was the most difficult to write because she had self-doubt after the success of the first book of hers. She doubted if a book was all she could write.

Business

How to Start a Profitable Home Improvement Referral Service

Home improvement referral services are springing up from New York to California. They are taking the time to do the legwork to find reputable and reliable contractors and these companies are profiting from good work.

It really doesn’t take much to get started. A home improvement referral service business takes just a little money and no more time than a regular 40 hour a week job. In fact, they can start making money within the first year of business.

The first thing to consider is what types of home improvement businesses you will be referring to. This can include gutter cleaning and replacement, remodeling, building additions, fencing, lawn maintenance, and many others. Remember, even if you like to paint, a client may not like it or may not have the time. Therefore, no business should be overlooked.

Once you have an idea of ​​the types of contractors for your referral service business, you’ll need to call your local, county, and state government offices. Learn about the rules and requirements regarding licenses, bonds, commercial registration and insurance for each type of contractor. This is the first step in building your list. Any contractor who does not comply with government regulations should not be on your referral list.

By knowing these requirements and using them, your home improvement referral business will gain credibility with your customers. They will know that if the contractor does not meet these requirements, they will not be on their list. It makes the client feel more confident that the job will be completed professionally and correctly.

Another way to ensure the credibility of your referral service business is to only look at contractors recommended by your previous satisfied customers. But this is not the end of the selection process. Recommendations are not enough.

Once a contractor is recommended for your home improvement referral business, you need to check out their service. Talk to them, explaining your referral service business. Many contractors will happily give you the necessary information. Ask to see their licenses, bonding information, and insurance to make sure they are up to date. Ask for a list of the services they provide and the cost of these services. Finally, ask for references you can talk to.

You have now started your list of referral contractors. While working on creating this list, she should have started thinking of a name for her referral service business, advertising, office area, office equipment, and ordering a business phone line. She may want to use a computer right away, but a tab or file system could work just as well, and for a fraction of the cost, until her business grows. Keep in mind that as your business grows, office space, office equipment, and the reference list system will likely need to be computerized to save time and money.

Since your referral business will start locally, check with local newspapers and periodicals to see if they would be interested in doing an article about your business. Make some flyers and ask local hardware stores if you can leave some there to advertise your service. You may also want to send real estate agents letters advertising your business, they can be great advertisers for you.

Make your services free for people who call your business looking for referrals. Many home improvement referral companies charge the contractor anywhere from 6% to 15% depending on the size of the project. You put clients in touch with the contractor, and upon completion of the project, the contractor pays you a fee.

Advertise that no contractor is paying you to get on their referral list. If clients or contractors ask how they got on the list, explain to them that the only way for a contractor to make the list is for a client to recommend them. You may want to explain the entire selection process so the person knows the exact qualifications contractors must have before being accepted.

A referral service business can easily and quickly expand. Once your business starts to grow, create a business plan to set goals. Decide how much you want to expand and consider starting franchises elsewhere or expanding the list to include contractors not originally included. This is your home improvement referral service business and you can take it anywhere you want.

Business

Why Leasehold Is Better Than Freehold

Why Leasehold Is Better

A leasehold property is one in which you buy a share of the ownership, but not the freehold. This means you own part of the land and building that’s built on, but you share responsibility for maintenance, repair and servicing with the landlord or freeholder.

You will pay ground rent, service charges and other fees to the Leasehold Services Ltd or freeholder for using your leasehold property. This is typically re-assessed regularly to reflect the value of your property.

The ground rent and other costs will vary according to your specific leasehold agreement, but in most cases they will be lower than paying for a freehold.

Why Leasehold Is Better Than Freehold

Buying a leasehold property is a great option for first-time buyers or people who want to move out of their parents’ home. However, it is a big decision, so you need to be sure you understand the difference between leasehold and freehold before making your purchase.

There are many advantages to leasing over buying a freehold. The main ones are that it is cheaper to own a leasehold than to rent, it’s more affordable for people looking to relocate, and there’s more flexibility when selling.

If you’re considering buying a leasehold property, it’s worth ensuring that the lease period is long enough for your needs. This will help you to avoid future problems, such as having to extend the lease or finding that you’re unable to sell your property because of the restrictions imposed on it by the freeholder.

Generally, a leasehold has a tenor that is a minimum of 30 years and a maximum of 999 years. A lease whose tenor is less than 30 years will make it harder to get finance for the property, and can affect its value.

You will need to apply for consent from the state to transfer a leasehold property, which can take longer than when you own a freehold property. This is especially true when you’re purchasing a second-hand leasehold property.

A freehold will also give you a more clear view on how much you own and when it’s your turn to sell. It also means that you can easily transfer the freehold to your children or other family members, and it will allow you to build up a sizable deposit for your next home.

Another benefit of buying a freehold is that you can choose to upgrade the property, as long as there are no legal issues with doing so. This could be something that would not be possible with a leasehold property, and can help to boost the value of the property.

In addition, a freehold will give you a better chance of gaining approval for a mortgage. This can be particularly important if you are planning to move into the property with a young family, as it will mean you can get a mortgage for your new home quickly and easily.

It is also easier to gain approval for a leasehold property than a freehold one, as it is usually easier to prove that the property is used as a residential building. If you’re thinking about buying a leasehold property, it is important to discuss the costs with a conveyancing lawyer before deciding on your purchase.

Business

Globalization among technology: How is international business affected?

Have you ever considered where your phone or computer came from? Each individual part of the device requires work in production and assembly. There are many products that are manufactured in the country, but the large number of companies that move their products to be produced in other countries is growing every day due to the expected increases in profits. This is an example of globalization. Specifically, companies like Apple can produce their phones, computers, and tablets in foreign countries for much less money than it takes to produce them domestically in the United States. New technology at companies like Apple has allowed globalization to have a negative effect on global business through factors such as location, consumers, and competing organizations. Yes, international factories can produce parts cheaply, but at what cost to global companies?

The consumer is the main reason why companies are successful. Without the consumer, companies would be wasting valuable resources and capital to produce products or services that are not purchased. People all over the world have become so fascinated with Apple products that they spend outrageous amounts of money on them. The cost of these products does not change regardless of the country in which they are sold. However, if the consumer cannot afford the product, he cannot buy it. This is especially true for those who live in the United States if companies like Apple, among many others, move their jobs abroad. Similarly, in foreign countries, companies that produce the technology are paid pennies on the dollar. This results in low wages for workers and, in turn, the inability to purchase products. Thus, the expansion of technology internationally through globalization has a negative effect on the company through the volume of consumer purchases.

Many companies initially manufactured their products in the country. The desire for a higher return on investment has attracted more companies to consider or commit to expanding these tasks internationally through globalization. Potential startups in the United States are not considering manufacturing or creating new products domestically because they fear they will not be able to compete with international rivals or companies that use outsourcing. As a result, this may be too much expansion happening too fast for a new business, and it could be counterproductive to your bottom line. The lack of opportunities to produce in the country has also reduced the number of jobs and has taken funds out of the economy in many ways. By not creating the physical product, but continuing to consume it in the United States, the economy still essentially receives the taxes from the creation or sale of the good. Yet the economy is missing out on income taxes collected from factory employees, as well as money those same workers would be spending to stimulate our economy if their work were not outsourced. This means that consumers will spend less money on products that are produced by companies like Apple.

On the other hand, the globalization of technology also has negative effects at the international level. This continues to affect business on a global scale. As noted above, companies are paid pennies on the dollar for the products they produce, which translates into poor working conditions and wages for the people employed in these jobs. Low wages for workers are directly related to the inability to buy non-essential items like iPads, MacBooks or iPhones. So by using globalization, Apple is technically limiting the number of products it will sell. Continuing with this thought, it is well known that an alarming number of Apple factory workers have committed suicide through exhaustion in their situations. A negative stigma and reputation could be attached to Apple for the reasons behind this, resulting in additional units not being purchased. This would all be thanks to the initial effects of globalization and illustrates just how complicated the problems caused by globalization can be.

Competing companies are also affected by the globalization of technology. For example, when Company One sends manufacturing of its products abroad, there are many negative impacts on similar businesses. There are lost sales opportunities for other companies because Company One can sell its product for much less due to market dominance in the interest of the consumer. The consumer looks for cheaper items with an available offer. Supply tends to be higher because larger manufacturers are able to offer more products for less, further increasing demand. You cannot compete with Company One because their cost to bring the product to market is significantly lower.

The effects of globalization on business are so severe that more emphasis should be placed on discussing the pros and cons when making the decision to outsource a business. Although it may generate more profit for a company, they should consider how far they are willing to go to achieve this goal. They must deliberate on the effects of globalization in their country of origin, as well as in international countries. While outsourcing can be a positive for them, low wages, poor working conditions, and deteriorating mental health have dire repercussions for overseas workers. Likewise, the negative effects on the economy itself and that of competitors must be considered. The money that should be stimulating and circulating through one’s own economy is now in another country. Also, competitors in the same industry will have trouble keeping up and could be forced to go out of business. None of these factors is positive for one’s country. Finally, the most important point about globalization would be the long-term effects on global business. You may initially see higher gains, but overall, globalization affects the consumer and all countries involved so much that sales volume is likely to decline as time goes on. This blatantly defeats the main goal of globalization for a business in the first place.