Ready to hatch, the Mazda way?
The Mazda3 XD Astina has more rev and verve than most small cars that have hit the road in recent times. And it comes in diesel Nearly 10 years ago, Audi changed the way we thought about diesel powered cars by winning the Le Mans 24 Hour with just such an engine. Admittedly it was a pretty impressive diesel engine, but it was more about what it represented to the world and the shifting of the performance paradigm that made it impressive. Which brings us to Mazda… the car company that for many years fired our hearts with high revving rotary engines to provide its performance edge. It too now has started down the diesel path for performance, and what a job it has done. The best car in the Mazda3 line-up is the XD Astina and it uses the diesel from the CX5 and the bigger Mazda6 for grunt. The Mazda3 XD Astina is a good looking small hatch in the Mazda design theme – Kodo they call it. You know who its brothers and sisters are, and while some of the interior design features are a bit annoying – sorry I just don’t like the dash, all I can think of is how I will clean the dust out of the crevices – the exterior is sleek and seductive. We tried two models, both with deep red paintwork but one boasted an artificial carbon-fibre roof which was interesting. Simple thing that, but it looked purposeful and ready to run. Which is good, because that is exactly what this car does whether in manual or auto form — the manual incidentally is a beautiful little box with great feel and is the pick of the litter. The engine’s a gem, it pulls like a steam train from down low in the rev range and runs all the way to the rev limit with verve. But the torque spread means you can hold gears and get it to pull out of corners easily. Be warned though, that great sporty engine note is artificially pumped through the Bose stereo, so it won’t sound the same when you zoom by. It is sure-footed too. You get the occasional twitch from the front end, but otherwise it just hunkers down and takes the corners. Safety-wise it has pretty much all the gadgets too, including bi-xenon headlights that turn up to 15 degrees in the direction you are turning. There’s also blind-spot monitoring, forward collision, lane departure and rear cross-traffic alerts, and auto emergency braking just to help you out of any problems you can’t see. There’s a name for everything from the i-ACTIVSENSE (which packages the safety gear) and SKYACTIV TECHNOLOGY (which has something to do with why the engine barely drinks, the gearbox works well and the chassis is under control). What you get here is not really a hot hatch, but an incredibly fast small car that crushes kilometres with a smile. And it will do it with reliability and great retained value. But the diesel is expensive, so be prepared to pay for that extra bit of class.
Esha: Aged community experiences re-defined
Esha Oberoi, founder of AfeaCare, tells Alys Francis there is a huge demand for personalised care services for the elderly in Australia We’re all getting older, and thanks to medical advancements, living longer than ever. So it’s no surprise Australia is seeing rocketing demand for elderly care services. The Indian Sun caught up with an award-winning entrepreneur who tapped into the market early, building what has become one of New South Wales’ top aged healthcare providers. Esha Oberoi was inspired to found AfeaCare Services in 2008 when she was just 24 years old and working in a nursing home. Seeing a need to, “redefine the experiences of the frail and aged community”, she built Afea to innovate Australia’s care industry, offering personalised home-care services catering to elderly people, those with disabilities, mental health requirements, respite and childcare. To shake up the typical care model, Oberoi said she focused on “three critical elements — people, processes and systems”. “To begin with we changed the way that our coordinators engage and collaborate with our care staff in the field to provide quality care to our clients,” she said. Purpose-built care service management software was developed to inject transparency and efficiency in business processes and systems, which Oberoi described as being: “Central to maintaining the independence and dignity of clients as we help them age in the comforts of their own homes.” The design quickly paid off, with Afea becoming a leader in the state for healthcare service provision, with a compounded average growth rate of 49.5% per annum over the last five years, according to Oberoi – who was a finalist in the Telstra Young Business Women’s awards last year. The future for aged care businesses and entrepreneurs in Australia looks bright, to say the least. An ‘aging boom’ is seen on the horizon, with some 40 million aging people expected to put increased pressure on health services and aged care, according to Australia’s fourth Intergenerational Report released in March. The report predicted that the population would hit 39.7 million in 2055, with 40,000 people celebrating their 100th birthday that year. The number of Australians aged 65 and over is expected to more than double to 4 million. “The biggest challenge the industry will face is to balance the expected growth in demand for care, as Australians age and leave the workforce, [with] the increased fiscal pressures on government funding and the shortage of skilled care staff,” Oberoi said. She said Australia needed to, “prepare to cater for the growing demand” with government, care providers and the community working together to address the need and attract the right people to work in the care industry. Demand for South Asian-origin carers will also likely increase as Australia’s multicultural communities grow older. There is already a need for carers with cultural and language skills of this kind, according to Oberoi, who explained: “As we get older and are prone to conditions such as dementia and Alzheimer’s, there is a natural inclination to revert to our native language and social settings. “One of the preferences of clients when receiving care is to receive it from caregivers that understand their culture and speak the same language,” she said. While opportunities for people wanting to start care businesses or get employed as carers are set to skyrocket, Oberoi noted that proper training was crucial. “It is important that employers support care staff and nurses in on going development programs so they are better equipped to provide care for ageing individuals with high levels of care needs,” Oberoi said. “Due to the demanding nature of the work, engaging and promoting work life balance for employees is a key to retaining good quality care staff.” “We look for employees that are passionate about the industry and how it promotes positive connections amongst people. “Good care staff have a natural ability to connect with different people and are empathetic towards their unique circumstances,” she said. With projections for the industry to boom, Oberoi said it was an “extremely exciting time” and she had ambitious growth plans for Afea over the next five years, wanting to expand operations across the Eastern seaboard. “We feel that we have worked extensively on our culture and creating a strong foundation for growing our services,” she said. “We are continuously reinvesting in creating innovative and efficient service delivery models to meet the growing needs of our elderly and vulnerable members of community,” she added. “Our plans include retaining the focus on end client needs as primary to what we do everyday. We are currently investing heavily on learning and development of our care staff, embracing technology that enables efficiency in how we deliver care and lastly expanding our geographical reach through our office locations in Blacktown, Western Sydney, and Perth, Western Australia.”
Efficient online strategy for SMEs, an ITCC speciality!
IT Consulting Company (ITCC) is a Melbourne-based company specialising in the assistance of SMEs with their performance online. Through proven, SEO strategies, and the energy and drive of any new company emerging on the market, ITCC promises to help any company grow their business online. Like they did in the case of AA Business Brokers, a company that has been with ITCC since its inception. As experts in the field of business brokerage in Melbourne, AA Business Brokers was looking for a way to expand their business. Although they had been unhappy with the work of a previous IT company, ITCC approached them with a solution that proved beneficial for the business.By reaching out to AA Business Brokers, ITCC was able to gain the trust of the growing establishment. ITCC consultants came up with a six-month strategy that the business could use in order to grow their audience online and enhance their performance. As a result, the company receives over 7000 visitors per month on their website.Through dedication, and by looking at the needs of a business as a whole, ITCC is able to assist any organisation with their digital marketing needs. They guarantee success for any SME, no matter their needs and requirements. For more details, log in to http://www.itconsultingcompany.com.au/
Buy right, retire Rich
Can you be a property investor on an income of $70K? You bet you can, just by following a simple plan of action Hari Yellina At the outset, I would like to mention that this article is for those who want to become wealthy by property investing only. Wealth is not determined by how much you earn, it is by how wisely you invest for the future. I know people that earn $200,000 per year and all they have been able to acquire over period of 10-15 years was one property, which is to live in, and owing 74 per cent loan on the house. As per the ATO, 80 per cent of the investors who claim deduction on rental property are earning less than $80,000 a year. At any point in time there are 1 million properties on the Australian market for sale, of which 5 per cent are investment grade properties. Now, please understand the difference between investment grade and normal grade properties. Investment grade properties tick all the boxes for future growth regardless of the market conditions. According to research data, migrants are four times more likely to be wealthy than people who are born in Australia. Just by migrating to Australia, your chances are increased by four times to be wealthy. If you are reading this article now, it means you have what it takes to be wealthy and the right mindset to be in 1 per cent who would like to retire wealthy. So, here we go. Can I be a successful property investor on an income of $70K? Yes you can. It is quite simple to be a property investor. Save a deposit of 5 per cent of the property value and additional 7 per cent to cover your costs for the property transactions. If the fiscal discipline of saving is not possible, alternatively, borrow it from your parents to come up with the first 5 per cent of the property value. Remember, regardless of how much you earn, you will still need a deposit to be paid for the property investment. South Asian communities might have acquired some type of commodity for a long period of time such as gold or silver. To come up with the initial deposit consider selling this dead investment. Why is gold a dead investment, you may ask: Well, unless we are living in country like Zimbabwe where the inflation can be 1000-1,000,000 per cent a year, South Asian countries, which didn’t peg their currencies with the American dollar, will need some gold investment for the currency fluctuations. This is not for Australians or people who have their money in Australian dollars. Let’s say you are about to purchase a property for $400K. That means you will need $20K for the deposit and $25K for the transaction costs. Now, if you want to be a property investor, you must treat your investment just like a businessman would treat his/her business. Think like a real business man. RENT a property and buy your first investment property for rental. Continuing from the above example whereby the value of the purchased property is $400K. Converting this into an investment property you can expect an estimated rent of $19,800 per annum (or $1,650 per month or $380 per week). Banks will add this to your income for serviceability. Now your $70,000 income will become $89,8000 due to investment purposes. Like this, there are other tax benefits and deprecation benefits applicable which will boost up your income. You need to make a few changes, such as: If you are single, you can live in a shared accommodation or if you are married, you can rent in a single bedroom unit for a while till you have become wealthy enough to live a “Bondi Beach” or “Toorak” lookalike lifestyle. Let’s get started for the brighter and wealthier future. If you are one of so many who would like to rent an expensive house or buy a large house for living in during your initial stages of your wealth journey, I am afraid to say, you will fail in your wealth creation. Buying a property to live in is a great hindrance to property success, unless you are a cashed up investor. The Australia Housing and Urban Research Institute (AHURI) found that 22 per cent of Australians who get involved in property investment sell up in the first year or so, and about half of those who started down the property path sold their investment in the first five years. Of those who continue investing in real estate, less than 10 per cent own more than two properties and less than one in 200 own 6 or more properties. Just buying one or two properties won’t make you a rich or a property investor. If you are thinking of buying one investment and planning to be very rich property investor, you might as well, just buy a property to live in and move on. This article is to buy as many properties as we can. How to go about it: Save a deposit for house loan; Apply for a pre-approval for an investment loan (not for house to live-in); Buy an investment grade property; Let the property grow in value for next 2 -3 years (remember wealth journey is about 30 years); Refinance the property against the appraised equity, tap into the equity; Restart from Step 2 – Step 5. When is the best time to enter the market? As soon as you can afford it. Forget what the markets are saying and doing. Start when you are ready. Wealth journey is a 30-year game, whereby the first 10 years are the hardest, due to the learning curve and the emotional stability required to succeed. One bed room apartments: Are they good purchases? In the past Australians shied away from one bedroom apartments and they have always gone for big block of lands and houses. Time has really changed. The Australian Bureau of Statistics (ABS) predicts single households will increase to 1.7 million in 20 years. ABS also predicts by 2031, couples without kids will outpace, couple with kids. One bedroom apartments less than 50 sq m is a big NO. Banks don’t like them at all. It will be hard to get any loan on them or you will fork out at least 40 per cent of the valuations and they are very hard to sell. One bedroom apartments or units in well south out location like Malvern, Kooyong , Seddon, Yarraville are still ok as they will give you a good hold into property investment. If you would like to buy one bedroom apartments, 10 km radius of the CBD are favoured. Never buy apartments, especially one bedders in outer suburbs in regional locations as they might be tenanted, but capital growth can be a big problem. Wealth creation is about capital growth, not just the cash flow (rents). Identify your bad investments and slowly get rid of them. We have 2 bed room unit in country side. We would like to get rid of it for the same price we got it, 7 years ago. So, if we have few bad apples in our basket. Better to get rid of them as quickly as we can. One bedroom or two bedroom, it has to be spacious. Where are the good spots for units? Right now in the west — you can get good value for Units in West Footscray, Seddon, Yarraville, Williamstown and New Port. South East has Caufield, East Caufield, Malvern, Armadale, Kooyong, Richmond, Hawthron, Kew. In the North, try Brunswick, Collingwood, East Brunswick, Coburg, Preston. Buy in older style apartments, low rise apartments. Eighties and nineties stock will be good, so stay away from brand new high-rise apartment as the land to asset ratio is too little and off-the-plan properties are already priced very high, whereby the builder has included the 10 years worth of capital growth into the sale price of the apartments. How do you determine a good spot for investment purposes? Buy properties in capital cities – Sydney, Melbourne, Brisbane, and Perth. I would recommend our readers concentrate on Sydney or Melbourne. Try to invest in property in a 10-15 km radius of the city. Once you have selected your city and location close to CBD look out for amenities like transport, cafes and shopping centres which play a major role. People like to live close to transport and would like to be surrounded by the cafe culture. Closer to schools can play a good part. Is it a good idea to fix the interest rate when one gets a loan? If you would like peace of mind, you can always lock in the interest rates. Fixed interest rates have always been higher than the variable interest rate. Due to fixed interest rates being higher than the variable interest rate, it is not in the best interest as an investor to lock in interest rates. You will be better off not locking in. Interest rate will be low for a quite some time. If you want to upgrade or sell the property, fixed rates are not flexible. Hence selling an investment property on a lock interest rate will result in higher breaking fees and there is no flexibility of changing the loan for a better interest rate in future.
SPICE OUT: THE TONGUE DO THE TALKING
The Indian Executive Club has understood the growing need for a platform that recognises and supports the restaurant industry, passionately influenced by spice-based cuisine. Thus, the birth of the SpiceOut Awards 2015. The event is set to take place within a beautiful glass restaurant atmosphere at Werribee Race Course on 15 August. Launched as an annual publication in 2014, the corporate event has turned a new leaf with an awards platform that aims to honour the spicy crème de la crème of the restaurant sector. “It’s one thing to say you are the best in the restaurant industry and it’s another to let your customer’s tongues do all the talking. For any restaurateur, the latter would the ideal situation! Therefore, there is nothing like having your customers vouch for you through SpiceOut Awards online voting process,” says Natasha Doraiswamy, Vice Chairperson, IEC. Having kick-started this initiative on a high with India’s very own masterchef Sanjeev Kapoor, IEC proudly announces the involvement of an online and mobile restaurant search and discovery service that has been catering to the sector for years now. Yes, this is none other than the platform recently acquired by Zomato, Urbanspoon. And throwing light on the evolution of restaurants influenced by spice-based cuisine will be Zomato’s very own Regional Head Blake Collins. Blake is an accomplished senior executive motivated by transforming and invigorating business performance to achieve commercial and operational success with Zomato. He holds extensive business management experience spanning all areas of the sales and operational functions within the media, digital, technology and services landscape. His nature to empower employees and his agile, successful, outcome orientated sales culture will add much value to the message he will deliver at the SpiceOut Awards ceremony this year.
Health in wealth
Rashesh Bhavsar, founder Fortune Wealth Creation Group Our Reporter For Rashesh Bhavsar, his company Fortune Wealth Creation Group — which he co-founded with wife Darshana in 2010 – was a dream come true. And in the last four years, the firm, which specialises in providing superannuation, investment and insurance advice to professionals and executives, has raked in awards such as Best Businesses Award and Best Service Quality Award in 2012, 2013 & 2014, and a nomination for Rising Star of the Year award. In 2013, Rashesh became one of the first Indian financial advisers to be at the Trade & Investment Expo. In 2014, he became a member of the prestigious Million Dollar Round Table (MDRT), and in 2015, participated in Vibrant Gujarat as an Australian Delegate, as well as featured as an expert on national news channel ABC24. Besides achieving excellence in Business, Rashesh and Darshana are active in community events and have met with Australian leaders including John Howard, Bill Shorten & Kevin Rudd regarding issues concerning the community. “Our mission is to provide secure financial future to every family and help them achieve their goals much faster with the use of various financial planning strategies. Life is full of fun and a secure financial future is a key element of it,”says Rashesh, who calls his wife his “trusted adviser”.
Western Gymkhana reaches out to Tarneit, Wyndham Vale
The Western Gymkhana Club (WGC), a not for profit community club, has expanded its operations from Point Cook and has started its programs in other regions to cater to demand from the fast growing communities in Tarneit, Wyndham Vale and Truganina. WGC already has members joining them from Glen Huntly and Black Rock. “We release few memberships each quarter to maintain a level of our quality service delivery to members,” says Sudhir Juneja, President and Founder member of the Club, which currently has close to 200 members. WGC, which has most of its members from the western suburbs of Melbourne, is an inclusive club which is very proud of its Aussie-Indian heritage. The club has a range of members, ranging from newborns to 80-year-olds; average age of the members being 30-40years. “We value our senior citizens and young ones and do various programs to meet their requirements,” says Juneja, who adds that the programs are conducted on a voluntary basis. WGC’s philosophy is based on community involvement and engagement. “The club believes in providing holistic program to its members. WGC programs are related to areas of well-being, recreation, socials and personal and professional development,” says Juneja, and adds that the club is developing a group of young leaders who run the programs in given areas. “We encourage non-members to visit our events and get a flavour of club culture,” says Juneja. The club focuses on its core activities and collaborates with other groups for their events such as festival celebrations, work against family violence, cricket tournaments etc. In recent years WGC has been a community partner in Wyndham Diwali, Holi Fest and now community partners in India Day. All these events are emerging as big regional events in Western Melbourne. Club members have five opportunities every week to get engaged in Table Tennis, Tambola, Chess, Carrom Board, Dumb Charades, Tennis, Ladies Dancing, Cricket etc. Members meet every month in theme-based social bonding events and celebrate the months. The club is very active in its social responsibility and has facilitated fund-raising for Nepal earthquake victims and raised around $2,500, organised blood donation camps, and more. Plans for 2015-16 are to consolidate the current programs and explore possibilities of programs in Craigieburn, Cranbourne or Dandenong with partnership with the local community there. If any local community groups are interested in these areas, or for membership enquiries, please contact us at firstname.lastname@example.org.
Adani to focus on India plans: Australia project jammed
The fresh investment the group is planning is in addition to the Rs 50,000 crore it promised on Friday to invest in setting up urea, power and natural gas projects in Jharkhand. Last week, the group had said it was stopping work at its Australia coal mine project due to delay in approvals from the local government. Though the local government said all approvals were in place, the decline in coal prices and lack of bank funding were seen as some of the reasons for Adani to go slow in Australia. Analysts say it makes sense for the group to focus on its India projects, considering the number of projects it has announced or taken over since the Narendra Modi-led government took charge at the Centre. However, they are not sure how Adani plans to fund its massive projects. “The Adani group is financially and operationally leveraged to the expansion of several sectors across the Indian economy. Numerous new projects are underway. Some of those will be viable and proceed, while others might see some regulatory, market and financing changes that could make the proposals non-commercial,” said Tim Buckley, director, Energy Finance Studies, Australasia. At the end of March 2015, the group’s three listed companies had a combined debt of Rs 75,000 crore, a group-level debt-to-equity ratio of 2.9. At 5.7 times, the group’s gearing ratio (total debt to operating profit) was also on the higher side. While group companies are comfortably servicing their debt, with operating profit far higher than interest obligation, their capital expenditure is growing faster than internal accruals. This is forcing them to either make fresh borrowings or raise equity. The group’s debt in 2014-15 was about Rs 10,000 crore higher than in the previous year. By comparison, the group’s equity (or net worth) increased by around Rs 2,000 crore, further worsening its leverage ratio. The bulk of Adani group’s debt is accounted for by Adani Power, which reported a total debt of Rs 41,384 crore at the end of 2014-15. It was a fourth straight year in which the company reported a net loss. The brighter side, however, is that Adani group’s port company, Adani Ports & SEZ, is cash-rich and one of its least leveraged companies. This, coupled with its high market-capitalisation-to-debt ratio, gives the Adani group the headroom to further scale up its capital expenditure. The group plans to raise $1.5 billion from foreign bonds, apart from raising funds from local banks for individual projects. Adani’s India investments are huge. The biggest it is going to make is in solar power. The group has signed a joint venture with US-based SunEdison Inc to manufacture solar panels. The joint venture will invest a massive $4 billion (Rs 25,600 crore) in a manufacturing facility that will be set up in Mundra. The group has also signed a memorandum of understanding with the governments of Rajasthan, Gujarat and Tamil Nadu to set up solar parks for electricity generation. The investments in these solar parks are going be very big in size – Rajasthan tops the list with Rs 40,000 crore. Approached by Business Standard, the Adani group refused to comment on its expansion plan. Among its port-sector plans, the group is to invest Rs 10,000 crore in expanding its capacity at Odisha’s Dhamra Port to 100 million tonnes per annum by 2020. It will also set up a new port, worth Rs 6,200 crore, in Kerala. Adani Ports is also developing a new Rs 1,270-crore container handling terminal at Tamil Nadu’s Ennore Port, with a Rs 7,680-crore capital expenditure plan to expand the capacity to 80 mtpa. In a report dated June 24, Deutsche Bank said Adani Power’s reduced valuation of 1.6 times its 2015-16 estimated earnings still looked high when compared to peers, assuming a steady 5-11 per cent return on equity by 2017-18. “We retain a ‘hold’ rating due to the delay in compensatory tariff approval, which is bloating the capital structure. Even under conditions of reasonable volume growth and benefits of compensatory tariffs, the return on equity appears to be in a single digit. That could weigh on valuations,” said the report. “The company has implemented a 5-25 refinancing scheme for Kawai, and expects to complete it for Tiroda. That should lead to improvement in cash flows. The signing of long-term fuel supply contracts/new mine allotment for Kawai and Tiroda-II projects, and a favourable verdict for compensatory tariff cases will be key factors,” the bank said in its report. To raise funds effectively and to increase liquidity in its stocks, holding firm Adani Enterprises Ltd underwent a major restructuring, under which shareholders of Adani Enterprises received shares in Adani Port and Adani Power. The flagship Adani Enterprises was left with businesses like coal trading & mining, city gas distribution, agri logistics, edible oil and agro-commodities trading. The restructuring will help each group company, including the flagship, to chart its own expansion plans in India, say analysts. As of March 2015, on a revenue of Rs 3,909 crore, Adani Port had a debt of Rs 15,200 crore. This was 18 per cent higher than the previous year. Most of the additional debt was taken in 2014-15 for capital expenditure for Hazira, Mundra container terminal-IV and maintenance. Analysts do not see any increase in the debt of Adani Port after restructuring.
The Gurukull is set to open in July
With an aim to connect the youth from this generation to Indian heritage and language, Narinder Kumar Garg and his wife along with a few community volunteers have ignited a start up venture, which offers Hindi language tutoring over the weekends. “The Gurukull” concept is the first of it’s kind in Victoria. It all began two months ago where the language of Hindi was broken down to the basics and children were introduced to a language that held the flavor of their Indian roots on their tongues. Narinder holds the classes in Craigieburn every Saturday from 11:00am to 12 Noon. “Every week, new parents & children have been joining us passionately. We have been able to teach fifteen children presently and looking forward to include more. Apart from teaching them how to read and write in Hindi, soon we are likely to start yoga, dance, music classes and other cultural activities. A Gurukull Chaupaal (Indian Australian Parents Club) is also planned.” Said Narinder Kumar Garg, Founder & President, Gurukull. ‘The Gurukull’ is a Not for Profit Organization and is in ties with the Victorian School of Languages (VSL) in order to gain a formal setup. The school will be inaugurated on Saturday 11 July 2015 at the Newbury Child and Community Centre, 440 Grand Boulevard, Cragieburn. The time is from 12 pm to 2 pm. The event is set to include the presence of a few dignitaries, well known community people & local community leaders. A short cultural program will take place as part of the event. For information on the classes please contact: Narinder Kumar Garg Ph: (03)93566721; Mobile: 0431 123 045; Email: email@example.com
Indians, Chinese account for rise in New Zealand migration
Wellington, June 22 (IANS) New Zealand’s annual migration rose to a new annual record as more students from India and China arrived, a statistics agency said on Monday. The annual permanent and long-term migration showed a record net gain of 57,800 migrants in May, the 10th straight month of annual records, the New Zealand Herald reported. Migrant arrivals rose 15 percent from the year earlier, while departures slipped to 10 percent. The increase in migrant arrivals in May was led by India, Australia, the Philippines, China and France. Indian arrivals doubled to a net gain of 12,100 on an annual basis, from 6,585 arrivals a year earlier to be the biggest group, while the number of people arriving from China increased 22 percent to a net gain of 7,745 people.
Be Heard, Be Relevant
IEC welcomes Geoff Kelly of Kelly Strategic Influence Pty Ltd. How specific people see you, your business and your products and services defines the limits of their success. Change how they see you and you will change your future. Getting heard today takes more effective approaches, and more captivating messages. If we fail to fascinate, we become irrelevant. Most organisations fail to connect with their stakeholders. Their main flaw is that their messages are complex, abstract and largely about themselves. This robs them of the impact they need. Information is doubling every three years. The average attention span is down to less than eight seconds. And most people are largely disengaged about most things. So being invisible means no attention, no results, and no future. For the last 15 years, Geoff has helped clients with some of the most powerful approaches available to meet this challenge now, and into the future. Although Geoff works with several large corporations and national associations, he also works with Directors of private companies and professional service firms. Clients have included Rio Tinto in London, Orica, Australian Bankers Association, PricewaterhouseCoopers, Richard Pratt, the Victorian Premier’s Office, and many other corporations, private companies and professional service firms. In his previous corporate career, Geoff worked for four of Australia’s top 10 corporations (including three years on the Executive Committee of a 30,000 person business). He is a former Fellow and Victorian President of the Public Relations Institute of Australia, and was a founding Council Member of the Small Business Council of Victoria. You can contact Geoff at: Mobile: 0421 112 111 Email: firstname.lastname@example.org
Top 25 restaurants in SpiceOut Luxury Edition
Indian Executive Club is granting 25 restaurants from all across Melbourne the chance to be featured in the SpiceOut luxury edition this year. It will include five of the best restaurants from each of the following areas; North, South-East, West CBD Only 10 spots remain in this luxury edition! Kindly contact our team at IEC on email@example.com to register an interest! Natasha Doraiswamy, Vice Chairperson ABOUT SPICEOUT: ‘Spice Out’ is the Indian Executive Club’s (IEC) annual publication targeting the hospitality sector. We aim to celebrate this luxury edition at our 5 hour Annual Corporate event ‘SpiceOut Awards 2015′. The event will deliver a VIP atmosphere from start to finish all guests play witness to the day’s food festival finale(India day Food Festival) and the beginning of a new platform for awards – Recognition towards the cream of entrepreneurs from the hospitality sector at Spice Out Awards 2015.
10 Keys To Financial Success
Rashesh Bhavsar, Financial Adviser, Fortune Wealth Creation Group Budgeting to investing to building the will power to spend less than you earn, here are some pointers to saving more. And there’s no better time to start than now Although making resolutions to improve your financial situation is a good thing to do at any time of year, many people find it easier at the beginning of a new year. Regardless of when you begin, the basics remain the same. Here are my top ten keys to getting ahead financially. Make sure you earn in line with market, try to increase it, and spend less than you earn It sounds simplistic, but many people struggle with this first basic rule. Make sure you know what your job is worth in the marketplace, by conducting an evaluation of your skills, productivity, job tasks, contribution to the company, and the going rate, both inside and outside the company, for what you do. Being underpaid even a thousand dollars a year can have a significant cumulative effect over the course of your working life.No matter how much or how little you’re paid, you’ll never get ahead if you spend more than you earn. Often it’s easier to spend less than it is to earn more, and a little cost-cutting effort in a number of areas can result in big savings. It doesn’t always have to involve making big sacrifices. Have a budget and stick to it One of my favourite subjects: budgeting. It’s not a four-letter word. How can you know where your money is going if you don’t budget? How can you set spending and saving goals if you don’t know where your money is going? You need a budget whether you make thousands or hundreds of thousands of dollars a year. Pay off credit card debt/high interest/non deductible debt first Credit card debt is the number one obstacle to getting ahead financially. Those little pieces of plastic are so easy to use, and it’s so easy to forget that it’s real money we’re dealing with when we whip them out to pay for a purchase, large or small. Despite our good resolves to pay the balance off quickly, the reality is that we often don’t, and end up paying far more for things than we would have paid if we had used cash. Non deductible debt should be payable first as it does not attract any tax benefits. Contribute to a Superannuation for your retirement Yes, super is boring but it can be your dearest friend if you are high income earner and planning have comfortable retirement. Super is not an investment, it is just a tax structure where you park your money to save for your retirement. In super you pay maximum tax up to 15% in compare to your marginal tax rate which can be up to 45%. Once you put money into super, generally you cannot access until you meet your preservation age (normally age 60 for most people) or meeting one of early access eligibility criteria. We highly recommend to get a professional financial advice before you put money into super. Have a savings plan You’ve heard it before: Pay yourself first! If you wait until you’ve met all your other financial obligations before seeing what’s left over for saving, chances are you’ll never have a healthy savings account or investments. Resolve to set aside a minimum of 5% to 10% of your salary for savings BEFORE you start paying your bills. Better yet, have money automatically deducted from your pay check and deposited into a separate account. Invest! If you’re contributing to superannuation and a savings account and you can still manage to put some money into other investments. Remember, diversification is a key to minimise your risk from one asset class under performance. If you are investing for more than 7 years, investing into stocks and property historically outperformed cash and term deposits significantly. Review Your insurance coverage Too many people are talked into paying too much for life and disability insurance, whether it’s by adding these coverage to car loans, buying whole-life insurance policies when term-life makes more sense, or buying life insurance when you have no dependents. On the other hand, it’s important that you have enough insurance to protect your dependents and your income in the case of death or disability. Normally, to provide full protection to your family by having Life, Trauma, TPD (Total & Permanent Disability) and Income Protection cover cost between 2%-3% of your income and you also get tax deduction for income protection. Update your will and enduring power of attorney Almost more than half of Australians don’t have a will. If you have dependents, no matter how little or how much you own, you need a will. Protect your loved ones. Write a will. You also need a enduring Power of Attorney; make sure it is enduring not a general power of attorney. Enduring power of Attorney works beyond the mental incapacity while general power of attorney does not which defeat the purpose of power of attorney. Enduring power of attorney comes in various types — limited financial, medical and guardian. If you have a child or children, you need to have Enduring Power of Attorney (Guardianship). Keep good records If you don’t keep good records, you’re probably not claiming all your allowable income tax deductions and credits. Set up a system now and use it all year. It’s much easier than scrambling to find everything at tax time, only to miss items that might have saved you money. Get professional financial advice and review it regularly (at least yearly) If you need a doctor, you go to doctor right; if you need an electrician you call him; right you do not do yourself. So why you take a risk on your financial future by managing your financial affairs yourself. It is important to be a financial literate and I always encourage so you can take informed decision but doing everything yourself is surely not a right way to go as financial planning is a complex field and changes do happen every year in tax, superannuation and that make it more complex. According to Galaxy survey, 9 out of 10 Australians are benefited from the experience of using a financial planner but unfortunately only 2 out 10 Australians currently have their personal financial planner. It is also very important to review your financial situation regularly with your planner to update or modify the strategies accordingly. The writer is a financial advisor, CEO & Co-Founder of the Fortune Wealth Creation Group, and can be reached at firstname.lastname@example.org
IEC ANNUAL EVENT: SPICE OUT AWARDS 2015
Indian Executive Club extends a hearty invitation to all “Indian food lovers” in Melbourne to attend our annual event Spice Out AWARDS 2015 -a VIP Food affair. If you would like to buy tickets and be a part of this exclusive event please express your interest to email@example.com IEC is proud to announce that we are hosting an awards night at Spice Out to honour the creme de la creme of the Indian restaurant community. These are categorically people’s choice awards and therefore, restaurants from all across Melbourne will depend entirely on customer satisfaction in order to go home winners! It is time to get cracking and spread the word. Team IEC will be unveiling this year’s Spice out exclusive publication which features a number of the best restaurants and acts as a Melbourne Indian food guide. If you are a restaurant owner and you would like to be featured in it- do not hesitate to contact us! The Spice Out publication will be sold at the International food festival on the 16th of August at the Werribee racecourse.
SPICE OUT AWARDS 2015: CATEGORIES
The following are the Awards categories for Spice Out AWARDS 2015: BEST INDIAN RESTAURANT: Restaurants that have a balance to all areas of food quality and also includes efficient service & ambience! BEST CONCEPT: Restaurants that have the most creative Indian theme across the interior decor, ambience, menus & all design elements of the business. Restaurant looking to nominate for this category must be influenced by a specific concept from start to finish. BEST AMBIENCE: Restaurants that provide an ambience which is a cut above the rest and have created a unique atmosphere with it’s interior decor, entertainment & lighting. BEST SERVICE: Restaurants that provide an exceptional & consistent customer service within business hours.
SPICE OUT: Awards nominations et all
Indian Executive Club is set to announce the opening of nominations for Spice Out 2 people’s choice awards on the 15th of June. At this gala awards night, IEC will be catering to a vast area of Melbourne from the CBD, to the south-east, west & Northern suburbs at the Werribee racecourse on the 15th of August. PEOPLE’S CHOICE AWARDS: We encourage all restaurant owners to nominate for the awards as each category winner will be chosen based on the maximum number of votes from customers. IEC has put in place a stringent online voting process for which all details will be released next week! Please note: Online voting is set to open on the 4th of July.