What is Hospitality Interior Design and Who Uses It?

In the hospitality industry, interior design performs a similar function. The layout of a lobby or guest room in addition to the color scheme, lighting, and furniture choices, greatly affects how a guest feels and how they view their surroundings.

Hospitality interior design covers a variety of different venues. It is used in restaurants, hotels, even retail stores. Every design aspect from the floor plan to the color of the walls and the style of furniture makes a difference in affecting a certain tone or atmosphere. Depending on the tone a business wishes to set, an interior designer might choose a bright, vibrant color pattern paired with modern furniture and innovative decorative accents or he might select a subtle, more muted color palette paired with plush furniture and simple wall decorations to inspire feelings of calm and comfort.

Lighting and color palette go hand in hand when it comes to hospitality interior design. Most interior designers have been educated to know what types of lighting to pair with bright color schemes versus those which are more subtle. The lighting of a venue may also be affected by furniture choices and the actual architecture of a building. Rooms with vaulted ceilings might require wall fixtures which direct the light upwards while smaller rooms might utilize overhead lighting or corner lamps. Not only does the type and placement of lighting affect the atmosphere of a room or building, but the degree of illumination is also important. A soft glow is more relaxing while bright or colored lighting inspires feelings of excitement and energy.

In addition to lighting and color palette, several more factors come into play within the realm of hospitality interior design. The type of furniture selected dictates whether a room is meant to be more decorative or functional and the arrangement of said furniture plays a role in establishing atmosphere as well. An open floor plan into which the furniture is sparsely placed induces an airy, free atmosphere while small groupsings of furniture might incite feelings of intimacy. When considering different styles of hospitality interior design there are myriad factors to think about but the most important decision to make is what kind of atmosphere should be affected. A good interior designer will be able to make all aspects of hospitality interior design work together in order to create a cohesive feel the subscribes to a certain tone or atmosphere.

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Job Search Techniques That Don't Work

You frequently know when you've simply made an enormous error in your job application. You skip to attach your CV. You send the incorrect version. You address the resume cover letter to Mr. Chris Smith, then find out there's a solid possibility Chris is a girl. But other times, you possess no notion you may actually think you're doing all the things right. Actually, there are a few regular job search methods that applicants employ over and over since they believe they work perfectly. In fact, though, these very same approaches might be standing in the path of you and that great interview. To ensure you possess the very best probabilities of inching better to your desire job, here are four regular blunders and very much more successful methods to try preferably.

1. Applying to as many Jobs as possibly.

Persons frequently think that the job search is a quantities game. The extra resumes you send, the even more likely it'll be that somebody will contact you back, right? Not actually. Since applying to hundreds of jobs involves you're most likely not taking the time to really investigate the organization and position, customize each request appropriately, and touch base to recent employees who may have the ability to give you insider details.

Likewise, applicants sometimes consider that applying to innumerable positions at the exact organization ups their probabilities of getting called back for one of these people. In fact, although this sends one of 3 messages: That you're not convinced what you want, that you're needy and you'll take whatever, or that you don't possess a solid understanding on what every job requires. In any circumstance, not a good thing.

How to Fix this? Quality instead of quantity. Rather than applying to every single semi important job within a 70 mile radius, begin your search by putting together a concise list of ideal firms and learning anything you can regarding them. When they have opportunities that fit your skill set, consider the time to cautiously build your application modifying your CV bullets to display precisely how your knowledge aligns, composing a tailor made cover letter, and requesting your new connections if they possess guidance for standing out. Yes, this strategy takes even more time and strength than submitting your same CV at over and over, but your probabilities of scoring a job interview will be substantially, much bigger.

2. Applying ASAP.

OK, so you've simplified your list of corporations, and one of them just published a role that's precisely according with your skill set. Amazing, so you crank out all the things as fast as feasible and hit send seeking to be the 1st request the employing manager views. Not only will you demonstrate just how thrilled you are regarding the job, yet probably the team will like your application so very much they won't require to interview any individual else. News flash: This almost never does you any favors.

How to Fix this? Give it a Day or So.

9 times out of 10, managers have to throw out the applications they obtain within just the first hour of publishing a position since they're unfinished. When you're concentrated on velocity over anything else, it's easy to lose the information getting names correct, counting additional components, and so on. It's considerably better to provide your self a day or 2 to compose, edit, and change your elements, make sure you've covered everything required, and have somebody else look them over. And, once again, total reward if you get guidance from a recent employee. A outstanding application will be considerably better than a not truly there but prompt one, each time.

3. Emailing Your CV to People Unrequested.

Let's return to all those persons who work at your dream corporations for an instant. Meeting them and making their radar: Very good. Requesting their advice on doing the job there: Also fantastic. Sending them your CV unrequested with a note that says, Here's my CV allow me to know if you know of nearly anything I'd be a fit for! Very bad idea! Sure, in a few cases, you may get successful, but commonly only in the off chance that the organization is employing for a role that matches your precise skills. But this move can also be interpreted as you requesting your good new contact, who's previously been useful in talking to you regarding the organization, to do the effort for you critiquing your CV, looking at to see if any available positions are a match, and forwarding along your data.

How to Fix this ?: Apply Normally, Then Allow Your Contact Be aware of.

Yes, you may and ought to ask your contact for guidance before you apply. And then if, in the course of action, he or she provides to pass your cv or a suggestion along, that's great. But by no means make this presumption. Consider those suggestions you've discovered and then do the very difficult work, just like any other applicant would do. Take a look at a company jobs page, discover your dream position, then send an application by way of all the needed parts.

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Floral Design Tip – The Importance of Greening

What is Greening?

"Greening" is a term that florists use to explain the process of adding foliage to a flower arrangement. It is usually the first step in the design process because most florists use greening as an opportunity to create the shape of their design. It can be thought of as providing the foundation, structure, or architecture for a design. Greening is also important because foliage provides the necessary support for flowers to stand in a container. Additionally, when using floral foam, foliage is utilized to cover the mechanics of a design.

What Kind of Foliage Can Be Used For Greening?

Although there are a few staples in the floral industry (such as leather and lemon leaf), there is so much variety in the foliage available today, there is no answer to this question. Many designers use herbs and foraged greens for their designs. Foraging your greens is a great way to cut the costs of your arrangement. Greens are everywhere, and opportunities for foraging are also vast. Keep your eye out for interesting foliage for your arrangements. Utilizing two to three different types of greens, with different textures and tones of green, adds interest, movement, and depth to a design.

How To Green a Vase Arrangement:

The first step is determining the length of each stem you place in the vase. The standard rule is that your arrangement is 1-1.5 times the height + width of your container. Select three stems to start and cut the longest stem using the formula above. Then cut the second step 2/3 the length of the longest stem. Lastly cut the third stem close to 2/3 the length of the longest stem (you don't want to be too exact, and even a small difference in length adds dimension to your piece).

For a 3-sided standard-shaped arrangement, place the longest stem in the middle of the vase, and the shorter stems on each side of the longer stem. Use these three pieces as the skeleton of your arrangement. Cut the rest of your greens to fill in between the three primary stems.

Now that you have your greens in place you can add your flowers, continuing to use the shape you set with your greens as a guide for flower placement.

As you can see, greening is a fundamental step in the floral design process. It provides the architecture for your design, offering support for your flowers to stay in place, and also covering up the mechanics for floral foam designs. Mastering greening is not an overnight process, and takes patience and practice. Don't be afraid to make mistakes and use your mistakes as opportunities for learning.

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Why Preliminary Designing Is Important in Leatherwork

Preliminary design refers to the designs that are made prior to the production of the real product in Leatherwork. They are usually in the form of sketches carried out on paper. Preliminary designing is of immense importance in the field of Leatherwork production.

• It offers opportunity for selecting from a series of designs-

Preliminary designing helps the leather artist to have a wide range of designs to choose from for the designing of leather articles. This helps him to make a better choice of design for his products because he is not handicapped as far as design selection is concerned.

• It prevents wastage of materials-

It assists the leather craftsman to envision how a finished product would look like. This enables him to use his raw materials judiciously, avoiding unnecessary waste. He cuts his materials with accuracy and precision because he had planned the cutting of each part of the leather product.

• Gives the chance to have the end products in view-

Preliminary designing helps the leather craftsman to see how the finished product will look like even before its execution. This helps him to make the necessary corrections and additions required before the final work is made. Usually, the client is made to see how the design will look like when it is finally produced with the actual materials. Therefore, the queries of the client are factored before the product's actual execution.

• It offers the opportunity to plan and prepare adequately-

It affords the leather craftsman the opportunity to plan and prepare the design for his products very well. This makes his products of a high quality since it has been well planned before its execution.

• It offers the chance to work accurate and with precision-

Preliminary designing ensures that mistakes in the working of the final product are avoided or minimized. This is due to the fact that the precise sizes and shapes of the articles have been already determined. Thus, articles are cut with precision and accuracy.

• It serves as a guide-

The preliminary design serves as a guide for the leather craftsman in the manufacture of his articles. Since he has a guide, he works at an extremely fast rate. The guide enables him to work systematically to achieve his set goals.

Preliminary designing should be very important to every leather craftsman because it impacts positively on the total outlook of his / her productions, attracting large market share for his / her enterprise.

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Real Estate Investment Outlook

Although it appears to have been mainly technical factors that triggered the correction in the stock market, inflation concerns have been the major cause for plummeting stock market prices. We have outlined such a scenario of inflation and its impact on real estate investments.

Indeed, the difference between current and trend economic growth is moving close to zero, rising labor demand is putting upward pressure on wages and salaries, but it is still far from a strong acceleration in inflation rates. Meanwhile, the recommendation by the US Department of Commerce in its investigation to restrict aluminum and steel imports on national security grounds is a reminder that the risk of escalating trade tension has a significant impact on real estate investments.

We are not suggesting that the probabilities of risks have risen substantially in light of these events. However, we argue that higher volatility combined with uncertainties about the future uncertain outlook for US trade policy is not an environment where we should risk everything on one endeavor, but rather seek returns by pursuing opportunities in the real estate market.

It would be more than natural that unjustified price appreciations will be corrected over time. Some teams believe that rising inflation may have played a prominent role in the recent stock market sell-off. However, higher inflation points to an overheating economy and rising wages could lower profit margins. Neither case obviously applies at the current time. However, historical evidence shows that periods when inflation begins to rise often create volatility in real estate markets and, on average, returns are meager. Finally yet importantly, higher interest rates could hit real estate prices if they reflect rising risk. Higher interest rates should be less relevant if they result from higher growth.

For now, we expect the implications of rising interest rates on the real estate outlook to be limited. A more persistent significant decline in real estate prices could, however, be associated with somewhat slower growth, either because the economy anticipates a slowdown, or because economic decline itself dampens growth.

The impact of rising interest rates on growth also depends on the factors that pushed up interest rates. The rise in interest rates could be the consequence of stronger growth momentum, in which case the economic fallout is understandably limited. However, if higher interest rates reflect rising risks, for instance, then growth may well suffer more significantly. Financial conditions remain very loose and interest rates relatively low. This should continue to support economic growth.

Therefore, we are keeping our scenario of sustained economic growth: (1) higher world economic activity, (2) rising fixed capital formation, (3) a very gradual adjustment of monetary policy in the US. We acknowledge the risks from higher protectionism, as recent announcements are a reminder that trade frictions could escalate significantly. At this point, it remains to be seen what action the US will take and how other countries may respond.

Since the beginning of the Great Recession in 2008, most have averted the specter of deflation by deploying conventional and – even more importantly – unconventional measures of monetary policy. Inflation in the US averaged around 1.5%, with a dispersion of -2% in mid 2009 to approximately 3.8% in late 2011. Currently, US consumer price inflation stands at 2.1%.

In the US, the government is embarking on a path of fiscal stimulus, and more trade tariffs and trade friction may push inflation higher. However, several factors are keeping underlying inflationary pressure contained for now, including still-cautious wage bargaining behavior by households, price setting by firms and compositional changes in the labor market. In addition, the recent readings have likely overstated current price trends, (the surprising weakness in inflation in 2017). Outside the US, wage and price trends have not changed much in recent months.

Against this backdrop, we do not foresee any surprises over the course of 2018. The Fed is expected to gradually lift rates with caution depending on the tightness of the US labor market, the evidence of accelerating wage dynamics and the potential impact of higher financial market volatility on economic growth.

In addition, a tax policy that fosters the competitiveness of Corporate America and attracts direct foreign investments, helping to raise the potential growth rate of US, should also be supportive for the greenback. At the same time, there are as many factors pointing to a glorious future for real estate markets

According to the Federal Reserve Bank of New York, the current probability of recession for the US economy stands at around 4%, moving to approximately 10% at the end of 2018. In our view, the gradual tightening of monetary policy, limited inflation expectations and cautious investment demand, will keep real interest rates relatively low. Therefore, we prefer real estate investments in 2018.

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Alternative Investment Fund Regulations

What is an Alternative Investment Fund (AIF)

AIF is an Alternative Investment Fund Regulations privately pooled investment vehicle which collects funds from investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors. AIF may be in the form of a trust or a company or a limited liability partnership or a body corporate.

Why AIF

AIF Regulations endeavor to extend the perimeter of regulation to unregulated funds with a view to ensuring systemic stability, increasing market efficiency, encouraging the formation of new capital and consumer protection.

Who are not covered

Currently, the AIF Regulations do not apply to mutual funds, collective investment schemes, family trusts, ESOP and other employee welfare trusts, holding companies, special purpose vehicles, funds managed by securitisation or reconstruction companies and any such pool of funds which is directly regulated by any other regulator in India.

Categories of AIFs

An AIF needs to seek registration broadly under one of the 3 categories –

Category I AIF: The following are covered under Category I

1. Funds investing in start-up or early stage ventures or social ventures or SMEs or infrastructure

2. Other sectors or areas which the government or regulators consider as socially or economically desirable including the Venture Capital Funds

3. AIFs with positive spillover effects on the economy, for which certain incentives or concessions might be considered by SEBI or Government of India or other regulators in India

Category II AIF: The following are covered under Category II

1. AIFs for which no specific incentives or concessions are given by the government or any other Regulator

2. Which shall not undertake leverage other than to meet day-to-day operational requirements as permitted in these regulations

3. Which shall include Private Equity Funds, Debt Funds, Fund of Funds and such other funds that are not classified as category I or III

Category III AIF: The following get covered under Category III

1. The AIFs including hedge funds which trade with a view to making short term returns;

2. Which employ diverse or complex trading strategies

3. Which may employ leverage including through investment in listed or unlisted derivatives

Applicability of AIF Regulations to Real Estate Funds

After knowing what an AIF is and its broad categories, we analyze whether AIF Regulations are applicable to the Real Estate Funds

Firstly AIF has to seek registration under AIF Regulations under one of the three categories stated above. Therefore if a Fund does not fall under any of the three categories stated above, then it will not seek the registration with SEBI.

If we look at the Category 1, registration is required by funds which invest in start-up or early stage ventures or social ventures or SMEs or infrastructure

If we look at the definition of infrastructure, Explanation to Regulation 2 (m) states that Infrastructure shall be as defined by the Government of India from time to time.

And in the normal parlance, the term typically refers to the technical structures that support a society, such as roads, water supply, sewers, electrical grids,

telecommunications, and so forth, and can be defined as "the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions.

Therefore infrastructure does not include the real estate or construction activity since this activity deals in investing in land, developing the land by way of construction of flats, townships and other residential and commercial projects.

But if the real estate fund carries on certain projects for a social purpose like purchasing land for charity etc .; then the fund may be covered under social venture funds.

The clause further states that 'or other sectors or areas which the government or regulators consider as socially or economically desirable and such other Alternative Investment Funds as may be specified;'

The AIF Regulations have been notified just a few days back and till date, no other AIF funds have been specified in the Category 1 by the Government. Further what the government or regulators consider as socially and economically viable is a very broad concept. However, till the Government specifically comes out with specific inclusions under Category 1; a Real Estate Fund will not be covered under Category 1 and therefore would not require Registration.

Further, the clause also states that – Alternative Investment Funds which are generally perceived to have positive spillover effects on economy and for which the Board or Government of India or other regulators in India might consider providing incentives or concessions will bee included

By adding these lines to the Category 1, SEBI has made the category 1 very vague and open to dispute and litigations since what SEBI intends with positive spillover effects on the economy is not defined or clarified. Different people or organizations may have a different opinion on this which would lead to unnecessary litigations and hardships to business owners. However, till any clarity comes on this, the business owners need to take a cautious approach to the decision of seeking registration under AIF regulations.

Category II AIF

Now we examine whether a Real Estate Fund falls under the Category II AIF

If we look at the funds covered by Category II above, they

1. Shall not fall in Category I and III

2. Shall not undertake leverage or borrowing other than to meet day-to-day operational requirements and as permitted by these regulations;

3. Shall be funded such as private equity funds or debt funds for which no specific incentives or concessions are given by the government or any other Regulator

For Real Estate Fund under Category I, we notice that at present it does not fall under Category I and it also does not fall under Category III since these are basically hedge funds. Further, no specific incentives or concessions are given by the Government to the Real Estate Sector. Therefore if we look at the applicability of Real Estate Fund under Category II, these funds may fall under the Category II AIFs if they do not take leverage or borrowing except for short-term requirements.

Impact of AIF on the Real Estate Funds

Under these Regulations, the minimum investment amount has to be Rs 1 crore from each investor. Therefore attracting the funds from the investors would become tough for the real estate funds, who used to raise amounts as less as INR 1 million from the investors. Now they would need to find high-value investors though this is not the only challenge that lies ahead for those raising domestic corpuses. They now also have to invest 2.5% of the corpus or Rs 5 crore, whichever is lower, to ensure that the managing company risk is aligned with that of the investor. Moreover, a single investment in a company or a project cannot exceed 25% of the entire corpus.

Further a Real Estate Fund registered in the form of an LLP also would be covered under the AIF Regulations. In an LLP Structure, since the investors are also partners, the risk to the rights of the investors being misused is very minimum. Therefore applying the AIF Regulations to the LLP Structure would reduce the flexibility available to such a Structure.

Conclusion

If we look at the AIF Regulations from a short term perspective, in light of the difficult fund raising environment today, the higher ticket size for investors could possibly throw up some challenges and could in a manner constrict the growth of the asset class, but clearly , in the long run, these regulations appear to have an element of maturity to play a pivotal role in the development and shaping up of the future of alternate asset class in India. It is also clear that alternative investments are more sophisticated and risky as compared to investments in equity and debt and till market matures it is advisable that only HNIs and well informed investors make an investment in this asset class and once the market matures it is made open to all. In the long run, we may see more investments in the Alternative asset class (in terms of quantum and maturity) due to the increased investor confidence in these funds.

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Jobs For Retirees – Finding The Perfect Retirement Job

Working After Retirement

Now I'm living the dream and while I enjoy the freedom of not having to work, working is still a part of my life. Work still provides some positive things that I need and I don't know how to turn off the work ethic that took a lifetime to develop.

The big difference is that now, I'm not committed to 40 hours a week, every week. Most of the retired people I know are still working in some capacity. It's just something we do.

But the question most people ask me when they begin thinking about retirement is "Why work after you retire?" . An old friend of mine had one of the best answers. He said "You can sit on the porch for only so long." He was 80 when he took his last part-time job.

The question I always ask is "What do you want to do after you retire?" and there may be several answers to that question. The decision will generally be based on how financially secure you are going to be after you retire. For some of us, working, even part-time, will be a reality. How many seniors do you see working in restaurants and department stores?

So, what is the perfect retirement job for you?

The Perfect Part-Time Job

The perfect retirement job might be the one you have now. Except on your own terms. I know several people who retired and agreed to come back to work on a part-time basis for their former employer. They get to use their vast store of knowledge, work shorter hours with people they already know and get paid pretty well for it. A win-win situation if you can get it. The place to start is to find out if your company already uses part-time employees or make an offer to your company to provide valuable services after you retire.

If you have technical experience, you might explore consulting as a part-time job. My consulting work started shortly after I retired in 2009 with a phone call from a company asking if I could help them out with a short term project doing exactly what I did before I retired. I've been working four to six months a year ever since.

There are several other possibilities for part-time work that you could consider;

Do you like to drive and travel? Recreational vehicle dealers in your area might have a need for someone to transport motor homes from one dealership to another. Check with your local RV dealers and offer your services as a driver. Some might require a class C driver's license, but the rewards of being paid to travel to different parts of the country in a luxury motor home might be worth the effort.

I know a retired guy who used to drive cars between auto dealerships in his city and another who delivered cars for Enterprise car rental. This type of work is a little more difficult to get into because auto dealers usually have someone on staff deliver cars. It doesn't hurt to ask and it might result in a unique part-time job.

Uber, the ride sharing service that was started on the internet a couple of years ago offers opportunities to generate some additional cash. I don't know what the pricing structure is, but it should be easy to sign up for and generate some extra cash. Another big benefit for a retiree, you get to work when you want to and on your terms.

When most people think about a part-time job, the first thing that comes to mind is a low paying structured job where you report to a place at a certain time, put in some hours and get paid. This works and has been the norm since forever. But, the real key to finding unusual ways to earn extra cash is to look around, watch the news and see what is happening in the world today.

If you see something unusual that interests you, check it out. It might just be the perfect part-time job.

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