In 2020, foreign individuals or entities spent $1.9 billion to establish new businesses in the United States. Though the country is open to non-native business ownership, the federal government requires several steps before you can operate within the country. Dr. Gregory Finkelson offers guidance on how to proceed if you cannot travel to the U.S. to set up in person.

Dr. Gregory Finkelson’s Recommendations for Establishing a Business in the U.S.

Before you can open your business within the United States, you need to go through the legal process of registering your company, obtaining a tax ID number and opening a bank account with a U.S. financial institution, with intervening steps in the process. Fortunately, you can take care of them without setting foot inside the country. Follow this procedure to take advantage of the U.S. business environment.

1. Identify a Home State for Your Company

Your first step is to identify a state to register your company in. Consider the state’s foreign business regulations, filing fees and tax structure. Dr. Gregory Finkelson recommends registering with a state that does not have corporate or capital gains taxes, leaving you only to deal with federal taxes. However, if you are opening a business that requires you to operate in a particular state, you should choose that state as your home base.

2. Hire a Registered Agent and Submit State Registration Documentation

A registered agent is an individual or entity responsible for handling legal documentation for your business. The agent can be anyone over 18 with a physical address in the state you are registering your business in, though Dr. Gregory Finkelson suggests you hire a registered agent service.

3. Obtain Your Employer Identification Number

As a foreign business operating in the U.S., you need a federal tax ID number. Your EIN serves this purpose. To obtain one without a social security number or individual tax ID number, you need to FAX or mail a completed and signed Internal Revenue Service Form SS-4, the EIN application.

4. Establish a Physical Mailing Address

Before opening a bank account, you need to set up a physical mailing address. If you intend to have a physical office or business location, you can use that address. Otherwise, you will need to use a mail service that provides a physical address rather than just a box number.

5. Open an Account at a U.S. Financial Institution

Dr. Gregory Finkelson cautions that some U.S. banks require you to visit the bank in person to open a business banking account. However, many banks now allow you to complete the process online, as long as you have the required documentation. Furthermore, the number of digital banks legally operating in the U.S. is increasing, with many offering business banking services.

Finally, be sure you understand your tax-filing responsibilities in your business’s home state and with the federal government. Once you complete all steps in the process, you can begin operating your business within the U.S.

The hospitality industry is revitalizing, and the development of new business models is attracting travelers. Updating operations to monetize or otherwise streamline every aspect of a customer experience is becoming more affordable through innovation. New trends in technology and social structures are influencing hoteliers and leisure management to invest in approaches that serve customers and businesses.

Trends in Hospitality Business Development

These are some emerging opportunities for specializing in new aspects of hospitality operations, according to Peter Bowen, renowned hospitality and housing advocate who innovates large-scale organizations from hotel chains to cities.

Sustainability 

Protecting the environment is vital. Suppliers continue to adopt more efficient renewable materials and processes, but they can still be expensive at scale. There is an ethical imperative to consider. Environmentally safe options are appealing to some travelers, but by large, they are not their consideration. Peter shared that, although data has shown guests do not often book based upon these factors, some of these options still offer cost savings to the hotel.

Digital Technology 

Hotels have begun to embrace digitalized authentication such as QR codes and check-in software such as Mobile Key over the last decade. Digitalized guest experiences allow for opportunities to promote amenities, on-site services, and sister businesses in the community. The investment in contactless payments, biometrics, voice control, and their subsequent savings in labor costs means that the upgrades pay for themselves quickly.

Remote Workers

Remote work is a new way of life. Big tech companies and local office spaces alike employ hybrid workers and digital nomads. The rise of the “bleisure traveler” lifestyle means an opportunity for hospitality venues to serve as offices. Peter believes that, with some more data and time, stronger forecasting in quality revenue management strategies will find ways to generate profitable development of such new, flexible workspaces.

Asset Management 

The division between the real-estate assets and the management of operations allows hospitality companies to perform efficiently. Asset managers work to resolve potential complex agency problems. Large companies need skilled asset managers to correct the misalignment of incentives to the management companies when they take their percentage of revenues. Updated asset management strategy and budgeting will prevent these losses.

Customization

Many organizations are using social media management platforms to target customer communications. Millennials and Gen Z now value privacy and control of their data more than signing up for another unique service with another set of emails and notifications. Open-source apps and standards are one solution. Software designed to combine with others for the best user experience will also generate the most business. CRM and CEM software can use data to offer personalization without intrusion. Hotel operations can use integrated middleware to connect customer profiling and analytics with revenue and marketing strategies.

Medical Tourism

The development of holistic hospitality has been thriving, especially in Latin America and countries with alternative and progressive treatment modalities. Destinations, cities, and even some local economies can brand their experience to receive world travelers for health and well-being. Peter Bowen sees a future in partnering with sister health services, offering in-house treatments, specialists, spas, exercise, wellness facilities, and personalized meal options.

Want your conference to be a smashing success? If so, check out these must-know tips from Stephanie L. McJury, a conference planning expert.

Running a conference or another major event takes a lot of hard work. Use the wrong approach and your event could become a dud. Who knows what opportunities you might miss? Fortunately, Stephanie L. McJury can offer some vital insights for managing conferences and other major events.

“The first step is coming up with a plan. With events, some people try to fly by the seat of their pants,” Stephanie McJury says. “Unfortunately, that rarely works out well. You need to write things down, create checklists and schedules, and then execute.”

Of course, if you’re going to write your plan down and create checklists, you need to have a plan in the first place. If you’ve been winging it, you might not have much of an agenda at all. Stephanie L. McJury believes that you set your budget, identify the venue, and come up with a basic schedule well in advance.

Conferences center around speakers and who’s speaking at your event can go a long way in determining success or failure. Also, when looking for sponsors, make sure you invite sponsor representatives to speak and give them prime slots too. This could help you attract more sponsors.

“Setting the right schedule for speakers can be tricky, but if it’s a long event, consider spreading out the best speakers, the most well-known experts,” Stephanie L. McJury suggests. “This way, you can try to drive engagement throughout the day.”

Stephanie McJury Offers Tips For Getting the Most Out of Your Conference After It Wraps Up

All great conferences come to an end. Hopefully, you provide a memorable experience, and weeks from now people will still remember your conference in a good light. There are some steps you can take to ensure that you maximize the value of your event even after it wraps up.

“It’s smart to look at your conference as simply the peak of a marketing drive,” Stephanie McJury says. “In the lead-up, you’ll run campaigns to promote it. After the concert is done, you can use assets gathered during the event to continue to market your organization, contributors, and other stakeholders.

While running a conference, you’ll want to have a professional photographer on hand to capture plenty of great images. Then, after the event, make sure to share the images on social media. You can also use them to anchor blog posts and for many other purposes.

Speaking of blog posts, you should use content from the conference, such as sage insights provided by attendees, to craft blog posts. You can follow up with speakers and key guests asking for quotes. This way, you’re promoting them too, not just your organization and the event itself.

“Ultimately, finding win-wins for speakers, sponsors, your organization, and other stakeholders can amplify success,” Stephanie L. McJury says. “It’s one way to get all hands on deck and more people supporting your efforts.”

And when your next conference rolls around, you can use videos of your best speakers and others to entice sponsors and sell tickets. Point is, your awesome conference, in many ways, is simply the beginning.

Financial investors always want to achieve financial stability and success which is mainly possible if you undergo the right portfolio management strategy. But what is portfolio management?

It is the process of identifying and selecting different ways of investments for meeting the long-term financial goals and the risk tolerance of your company. It is very much clear in the world of investment that for any business there involves a risk. But they can reduce that risk by conducting proper research and avoiding the pitfalls that occur while they are building their portfolio. 

Andrew Binetter who is the co-founder and SEO of an Australian Beverage company has the best strategies and ideas for businesses to have successful portfolio management for a brighter future. He is an experienced and skilled entrepreneur who has the best ideas and strategies that never fail. According to him, the investors need to stack the potential odds in their favor and it can be only done when they adhere to the best portfolio management strategies. 

• The allocation of the assets 

The allocation of your assets is the process of choosing the required weight of all the asset classes to be present in the portfolio. The three usual asset classes include the bond, cash, and stocks but other classes with it should be included in the portfolio. The allocation of these assets should be done correctly to build a portfolio that is best for you. 

• Identifying the risks 

For all investments there exists a risk that an investor needs to understand. Therefore, an investor must take into consideration their risk tolerance to determine what is the amount of risk which is tolerable for them before they conduct an investment. 

• Diversification 

Diversification is the other tactic that an investor should consider having a safe investment. This process has been suggested by professionals for years and it is the best practice for all investors. Investors can purchase many different stocks of smaller amounts or the other way to invest in some different financial products. This technique is followed by many investors and they have seen success through it as it is one of the best practices for avoiding the risks involved in the world of financial investments. 

Mr. Binetter has many different strategies for helping the investors to make the right decisions and have the best portfolio management to gain a lot of profit from their investments. 

Are you looking for the right job for you? Have you multiplied applications without getting ant job interview? There is a chance that the problem comes from your CV which is the first contact with the person in charge of recruitment. Here are the best tips for creating a perfect CV and landing an interview for sure!

Never Lie on your CV

If you want to create a perfect CV, make it attractive and 100% honest. According to a study, around 75% of resumes are misleading. Indeed, it is sometimes tempting to lie, or at least to embellish your CV, especially for young graduates with little experience and for people who have to justify holes in their career. But anyway, that is a very bad idea! Whether you lie about a date, a diploma or a skill, it will be discovered and will come back to you sooner or later. It can harm your whole career.

Make a Unique CV for each Application

Like the cover letter, your curriculum vitae must be adapted to each position for which you are applying. Read the ad carefully and write down the key words to include in your CV. It starts with the title – yes, your resume must have a title – and continues in the professional experiences but also the school career. For example, if you are applying for a job as a web marketing officer, make sure that this term is present in the document as well as all the associated words, so as to convince the recruiter that you have the right profile.

Focus on the Essentials

Did you know that recruiters spend on average only 40 seconds on a CV? It is therefore essential to give them the main information in this period of time. Be direct and focus on the essential points related to the position sought. There is therefore no need to mention your 2-month temporary assignment when you were 18 if you plan to get hired as a computer equipment manager.

Traditionally, in many countries like the UK, a CV must fit on one page. For young workers looking for an internship or applying for a master degree, for example, this should not be too much of a problem. For experienced or senior profiles, and given the evolution of the job market, it is becoming more and more complicated to respect this standard. The key is to only mention information related to the position sought.