4 things you need to start doing

Image result for processBefore and during the process of undertaking we have many insecurities. There is always the doubt about whether the path we are taking is the way to achieve success. According to Moe Kittaneh, entrepreneur, investor and collaborator in the Entrepreneur magazine, you can mitigate these insecurities and risks if you follow the following 4 steps when undertaking a project.  

1. Find a niche

There are two main ways to identify what you want to undertake. The first is to find a problem that needs to be resolved. In Mexico and around the world, there are many challenges, therefore, there are many areas of opportunity to start a business. The second is that you have a well defined area in which you wish to play, considering the taste, or the experience and knowledge you have in it. If you have identified either of these two ways, you are on the right track.

The secret to finding a niche to undertake is to think in an original way. Define an idea that offers solutions to needs that have not been met. If your idea or solution already exists, look for ways to improve it, so you can face the competition.

2. Set clear objectives and rewards

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As in personal finances, define objectives to make your company or project a reality, write them down and keep them in mind so that you do not forget to fulfill them. If you do not have concrete goals, you will advance, but without a fixed direction and without approaching the idea that you defined in the beginning. Another advantage of having clear objectives is that, each time you reach one, it will fill you with emotion, motivate you to continue with more difficult challenges and in the end you will be amazed at everything you can achieve. In addition, it will give you the feeling of constant progress.

In addition, if we add a reward to each objective fulfilled, we will feel even more motivated. What kind of rewards do we talk about? Reward yourself and your team when they meet goals, not everything is demanding and work, there is nothing wrong with spoiling yourself from time to time, after overcoming obstacles or meet challenges. Look for simple rewards, but that motivate you and your team.

You should consider that there are short, medium and long term objectives. The short-term goals are easier to meet, because you must do it today or this week. On the other hand, those of medium or long term are to be achieved in months or years. The best way to manage them is to divide them into smaller parts and thus reach them little by little.

3. Think positive

Sometimes, with so many challenges to overcome, our perspective can become pessimistic, because we do not know if our project will succeed. Also, you should know that there will be difficult challenges and there will not be an equal solution for everything, so you will most likely learn from trial and error. In this scenario, identify what you can improve and keep a positive outlook, you will see that it will be worth it when you see your goals.

If you feel that you can not take it anymore, take a little distance and look for other ways to help you face those problems that plague you.

Also, you must be prepared to face problems that you can not solve. Sometimes, there will be obstacles that you can not overcome, but that does not mean that the project as a whole will not succeed.

4. Enjoy what you do

Image result for funPerhaps the main motivator to become an entrepreneur is that you will dedicate yourself to what you most like to do. If you are not enthusiastic about the niche that you will attend or do not find the benefit of what you do, do not continue! Your project will become a burden.

Why should we enjoy what we do? Mainly to be happy, so we can transmit and sell our idea with more energy to investors and customers, which are key for a business does not fail. Also, if you love your company or project, you will always do your best to strengthen it.

In conclusion, to begin to undertake, you must be clear about the scope in which you can offer new solutions or think about several ideas to create an original company. Establish a plan with specific objectives to achieve a great goal and look for the positive side of entrepreneurship. Finally, do not forget to enjoy what you do, this will be essential to determine if you must continue or surrender.

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June 28 world tree day

 This Sunday is celebrated the world day of the tree, a day like this is worth stopping to reflect a few minutes on the trees, those living beings protective of the atmosphere, soil and water, shelter of birds and screen against the wind and the dust that can not move voluntarily, but that day by day are victims of man’s action on nature.

Image result for world tree dayThe Day of the Tree is a reminder of the importance of protecting wooded areas. Day in which society is mobilized to pay homage to something that is part of our lives but that we tend to forget and treat as if it were just another object of the urbanism that surrounds us. Schools and associations are mobilized by creating events of different kinds such as planting a tree, cleaning forests, carrying out family activities in nature that allow discovering the characteristics of trees or such simple things as simply visiting a park. These are initiatives that help to educate society from the root of the origin, instilling good practices to future generations that will replace us in the years to come.

# Nevertheless it would be convenient to remember its importance not only in the day that is celebrated, but not being aware every day of the importance of preserving these immobile beings since the trees are indispensable for the functioning of life as we conceive it. They are directly responsible for the oxygen we breathe and for many of the foods we eat. From them are extracted both healing substances and medicines and lethal poisons. Many of the dresses that protect us from the cold, from the soaps that clean us, from the paintings that decorate our home or from the numerous products with which the industry is supplied have an origin in vegetables. They hold the earth and defend it against the erosive factors of nature, such as rain and wind. They can provide us with shade, shelter and beauty. Life on Earth would not be the same without the presence of plants.

 And with a great phrase of John F. Kennedy I hope you reflect, if only today, on the importance of taking care of the environment that surrounds us.

“Trees are poems that the Earth writes in the sky. We cut them and turn them into paper, to be able to record our emptiness. “

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Image result for zaragoza fair ENOMAQ, OLEOMAQ, TECNOVID, OLEOTECLast week ENOMAQ, OLEOMAQ, TECNOVID, OLEOTEC and FRUYVER were held at the Zaragoza Fair, with very professional spaces where innovation, research and development have been the undisputed protagonists in some competitions highly supported by exhibitors and visitors. INBIOTIC-ESMEDAGRO, as a reference technology consultancy, we were present.

ENOMAQ-TECNOVID-OLEOMAQ-OLEOTEC and FRUYVER have been present at the Saragossa Fair from 24 to 27 February, closing their doors after four intense days of commercial and business activity. The success achieved with the joint celebration of the five contests reflected the optimism that is glimpsed in the agri-food sector, and strengthened its role as technological leadership in the international arena. The excellent data recorded – 1,096 exhibitors from 22 countries and more than 25,000 visitors – endorse the strength and consolidation of the agri-food industry and place the five events as the reference showcase in Southern Europe. They highlighted the 11 technological innovations awarded in the Technical News Contest and where the jury valued the research work, the promotion of quality, as well as safety and respect for the environment, among other criteria.

During four days, the professionals linked to each segment have had a unique opportunity to learn about the world’s biggest developments around wine, oil and stone fruits. The International Exhibition of Machinery and Equipment for Bodegas and Bottling celebrated its twentieth edition, which coincided with the fifth International Exhibition of Machinery and Equipment for Oil and Packaging (OLEOMAQ), the ninth edition of the International Exhibition of Techniques and Equipment for Viticulture (TECNOVID ), the fifth of OLEOTEC (International Exhibition of Techniques and Equipment for Olive Growing) and the fourth FRUYVER (International Exhibition of Techniques for the Fruit and Vegetable Sector). In this way, the linked sectors had their forum of international reference.

In addition to the presence of stands, there was a wide agenda of parallel activities, among which stood out the “Technological Innovations” contest, organized among the exhibiting companies, as well as the traditional Technical Conferences or the initiative called the ‘Winemaker’s Corner’ .

This event is an essential tool to publicize the technology and R & D linked to the wine, oil and fruit machinery industry. ENOMAQ, TECNOVID, OLEOMAQ, OLEOTEC and FRUYVER represent a presentation of the innovation and the new processes for the elaboration of these vital products for the development of the Spanish agricultural sector allowing to know the advances in technology and machinery within a compact and sectorized space. The innovation and the technology suppose the main bet of the companies linked with the wine and the oil and the hortofruticultura that participate in the living room and his card of visit.

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Interest charges 101

Related imageInterest rates play an important role in our financial market; They indicate the cost of loans. In other words, interest rates encourage lenders to provide us with the loans we need and want. The higher the interest rates, the more profitable it is for lenders to provide loans and other financial products. In turn, loans offer countless opportunities for borrowers to spend wisely and invest. In other words, this type of spending creates good debt and can lead to prosperous economic growth. On the other hand, too high interest rates can have a negative impact on economic growth because they often create high levels of bad debt. It is important for all Canadians to understand how interest rates are calculated before making decisions about applying for loans or credit. This article will provide basic information to help you understand general aspects of interest rates.

Fixed rate / variable rate

In general, most loan products offer two types of interest rates to borrowers: fixed or variable. Depending on your financial needs, one may be more beneficial than the other.

Fixed rate

A fixed interest rate means an interest rate that will not change for the duration of your loan agreement. This means that you will maintain the same interest rate as your payments are made and until your loan is fully repaid. Managing your finances well is the key to healthy financial habits. This will help you build a good credit rating and allow you to access a variety of different financial products. The best way to organize your finances is to know the exact amount you have to pay. Fixed interest rates can help you anticipate your payments and make sure you have enough money to pay for them. A fixed interest rate is calculated by the financial institutions in the same way as for the variable rate. It can be divided into two parts: the market premium rate and your own risk premium. The first is a base that depends on the market position; We can consider this as the basic cost of loans. Your risk premium is based on your financial history; This is usually found throughout your credit rating. Your risk premium is a percentage that will cover the lender in case you are unable to repay your loan.

Variable (or floating)

The second form of interest rate is the floating rate. As its name suggests, this is a rate that will change as your payments are made. The floating rate fluctuates with the market premium. When the market interest rate changes, your interest rate may be positive for you (lower interest rate) or negative (higher interest rate). When you negotiate your loan agreement, your risk premium will be granted to you in the same way as the fixed rate, based on your financial history. With a variable interest rate you share some of the risk with your lender, this one will offer you a lower interest rate by getting your loan. A variable rate can be a great option when you apply for a short term loan. In Canada, interest rates are stable and fluctuate rarely; This can be a great way to get a lower interest rate without too much risk. For example, the market premium is 3% and your own risk premium is 2%, which means that for the first month, your floating rate will be 5%, in case the market premium drops to 2%. % your interest rate for the following months will be 4%. It is important to take into consideration that the market can change positively or negatively.

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Annual percentage rate

There are several ways to display interest rates. When signing a loan agreement, your interest rate can be calculated on a daily, monthly or more often on an annual basis. In fact, in Canada, the law is that any loan agreement must display the annual rate. An annual rate is the percentage of interest you will pay on your loan in a year. For example, if you have a 5% interest rate on a $ 10,000 loan, you will pay $ 500 in interest rates in a year. Here’s another example that can help you understand how you can turn your interest rate into an annual percentage rate. Say you have a 3 month loan of $ 1000, every month you have to pay $ 400 and there is a $ 30 activation fee. According to the calculation below, you are currently paying an interest rate of 23% on a three-month loan. Now let’s look at the calculation of a TPA: The best way to calculate this is first, find the monthly rate, then multiply it by 12 months. In this case, the monthly rate is 7.67% and the annual rate is 92%.

((430+ 400+ 400) -1000) / 1000) = 23% interest for 3 months

23% / 3 months = 7.67% per month

7.67% x 12 months = 92% per year


Interest Rate (Term) = (Number of Payments – Loan Amount) / Loan Amount

Interest rate (monthly) = Interest rate (term) / amount per month / weeks

Interest Rate (annually) = Monthly interest rate x 12 months

Legal limits of interest rates

In our last example, the TPA was 92%. In Canada, this is well above the legal limit. In fact, the allowable limit is at most 60%, including fees and charges. There is one exception to this allowed limit, with the payday loan industry, which is regulated by each province and has different limits. A payday loan is a loan of last resort in which you borrow an amount of money that you must repay on your next payday. This is usually a two week period. Payday lenders charge high interest rates and fees to their clients in order to make short-term profits. Here is a table showing the authorized interest rate caps for payday loans by province.

provinces Limit allowed for a loan of $ 100 with a term of 2 weeks TPA
British Columbia $ 23 598%
Saskatchewan $ 23 598%
Alberta $ 15 390%
Manitoba $ 17 442%
Ontario $ 21 546%
Prince Edward Island $ 25 650%
New Scotland $ 25 650%
New Brunswick

Understanding interest rates can help you make better financial choices. This will help you build your credit rating while saving money in the long run. It is important for you to negotiate your loan agreements and look for the lowest possible rates. Make sure you are fully aware of the annual rates and compare them before making any final decisions. Organizing your finances and creating a budget will help you make the right choices before borrowing.

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