The love affair: Impulse or investment…..Romance or a fling

During the last couple of years the world of personal technology has been harassed by the need for smartphones and tablet computing.

I always imagined saving my hard earned cash to invest in prestigious cars and property, sustaining a way to have a better standard of living. This is what my parents did and who else was I to learn from (There was no such thing as YouTube back then)?

The world we live in today is saturated with impulse purchasing and clever marketing, however do you recall hearing two teenage girls talking about the current exchange rate or the price of crude oil? I ask these questions because in order to nurture an economy and increase disposable expenditure, the opportunists amongst us need to become more innovative and entrepreneurial.

Take investing in Art as an example.

Whether it is for recreational or commercial purposes, this has become that of an interesting discussion point more recently.

Most people, that want a change for the next generation, are sick and tired of hearing the majority of people complain that the ‘Rich get richer…. and the poor get poorer’. If this notion is treated like an attitude rather than a tragedy, we can change their way of thinking to encourage a brighter and more fruitful future for our economies.

In order to keep on purchasing the latest ipad every 6 months and drive the latest Audi, new avenues must be explored.

Purchasing on credit and earning interest from your bank account just isn’t an option for many at the moment and taking a good look at the past could reveal the secrets to a better future.

Take a leaf out of the book of a great man, Winston Churchill once commented “There is no finer investment for any community than putting milk into babies”. With that in mind would you be surprised to hear that Picasso’s ‘Garcon a la Pipe’, painted in 1905, was first sold to John Whitney in 1950 for $30K? That is an incredible profit on its own from the artist’s point of view, however that investor then went on to sell that very same painting 54 years later for a staggering $104,168,000, returning an appreciation of over 64 times the purchase value for each year.

Garcon+a+la+Pipe+painting+by+Pablo+Picasso

(image courtesy of mirror.co.uk)

During the interlude of sale and purchase, these types of paintings can generate a very healthy salary for the investor by displaying them in well known galleries across the world. Seem too good to be true? Sometimes it is, but a true entrepreneur will follow their instinct.

Although capital is difficult to get hold of at the moment, the opportunities are still there and perseverance fueled by a thorough understanding of fine art could change your life forever. Reassess your goals, decide what you need to be productive rather than what you want, and make a change today.

Luxury Acquisitions

Sources – www.funofart.com

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Should Employee Drug Testing be in Your Business Strategy?

Drug taking by employees has been seen for some time as having a detrimental effect on the productivity of business, and this means that drug testing is now being viewed as a vital part of business strategy. 

Drug testing on employees

To determine whether a drug testing policy is good for your business, it is necessary to look at how employees using drugs can damage companies. Consistent drug taking by employees can result in after-effects, similar to hangovers and withdrawal symptoms, which can lead to a drop in productivity. It can lead to employees having many days off work. Employees may spend their time preoccupied with sourcing more drugs, so their concentration and attention is off, and they may begin to engage in criminal activities at work to finance their drug habits.

There are several different kinds of drug tests available to employers. These include the testing of urine, hair and other fluids. Perhaps the least invasive of these is an oral fluid lab test, which involves a sterile swab being placed between the person’s gum and cheek and waiting for an indicator to turn blue to confirm that the sample has been collected. These tests do not only check for illegal drugs, such as heroin, ecstasy and cocaine, but also for alcohol.

Of course, everyone has personal rights, and a company needs to have a defined drug testing policy in place – they cannot just say one day that all their employees must take a drug test or else! In fact, it is good practice for an employer to work with his or her employees to develop a drug testing policy that is acceptable to both, and which establishes a correct code of behaviour at work. As drug testing can be a contentious area, it is vital that all employees are treated the same with regards to the policy and that the drug testing policy is carried out in a consistent manner.

An employer should set out in every contract of employment how the company’s drug testing policy works. This document should state when and how a drug test can be carried out, and the possible consequences of an employee failing such a test. Without this being present in the contract of employment, an employer cannot insist on a member of staff submitting to a drug test. However, an employer is not legally obligated to give advance notice of a drug test, although he or she must obtain an employee’s consent to perform one. If the employer believes that they have reasonable grounds upon which to ask an employee to take a drug test, and that employee refuses without good reason, then they may face disciplinary action.

There are many good reasons why you as an employer should have drug testing as part of your strategy; allowing drug users to work for your company can result in a loss of productivity, the endangering of profits and perhaps the endangering of other members of staff.

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