• How to Determine the Value of Your First Business

    Posted in Other Stuff on January 22, 2020

    It is a dilemma that many entrepreneurs face at some point during their careers: How do you assess the economic value of your company? 

    There are many ways to value your business. There is no “right” way, although you could probably think of several wrong ones. Ultimately, the business is worth what you think based on the criteria you set. 

    However, you can make an estimate by evaluating the company in different ways and then choosing the mix that reflects your final value estimation. You can start by looking at the value of the company’s assets: What does the company own? What equipment? What inventory?

    Company valuation can, among other things, help you attract investors, set a fair price for employees, or grow or expand your business. Here are a few criteria to use to value your small business.

    Entry Cost

    This is a simple process. You simply find out how much it cost setting up an existing company similar to the one being valued? You have to take into account everything that has brought the business to where it is today. 

    Write down all start-up costs and then the property, plant and equipment. How much would it cost to develop products, build a customer base and recruit and train employees? 

    Then think about the savings you can make on set up. If you can save by moving the business to another location or using cheaper materials, subtract this from the estimate.

    When you’ve considered everything, you have your entry costs – and a valuation.

    Price to Earnings Ratio (P/E)

    Companies are often valued based on their price-earnings ratio (P/E) or multiples of the profit. This model is suitable for companies that have a proven track record. Determining an appropriate P/E ratio may depend on profits. If a company has high forecast earnings growth, this may indicate a higher P/E ratio. And if a company makes good repeat profits, it may also have a higher P/E ratio.

    For example, using a P/E ratio of four for a business that makes £500,000 post-tax profits means it would be valued at £2,000,000.

    How you get the right figures for your P/E can vary significantly depending on the business. Tech startups often have a high P/E ratio, as they are usually high-growth companies. A more common high street company like a real estate agency has a lower P/E ratio and is likely to be a mature business.

    Valuation of A Company’s Assets

    Stable, established companies with many properties, plant and equipment, are often suitable to be valued on these assets. Real estate and manufacturing companies are good examples of such companies.

    To perform an asset valuation, you first need to determine the transaction’s Net Book Value (NBV). These are the assets reported in the annual financial statements of the company.

    Then you should think about the economic reality surrounding wealth. This essentially means that the figures are adjusted to the actual value of the assets. For example, the real values of old stocks are reduced. If there are debts that are unlikely to be paid, you can take them out. And property could have changed in value, so adjust those figures too.

    Discounted Cash Flow


    This is a complex method of evaluating a company based on assumptions about its future. The system is ideal for mature industries that have stable, predictable cash flows, such as electricity and telecommunications companies.

    The discounted cash flow is calculated from the estimate of the future cash flow. You can get an estimate by applying a 15-year dividend forecast plus residual value at the end of the period. They measure the present value of each potential cash flow using a rate of discount, which reflects the risk and time value of the amount.

    The time value of the money is based on the idea that £1 is worth more today than £1 tomorrow because of its earnings potential. Usually, the discount rate can be between 15 and 25%.

    What works for one company does not always work for another. By giving you an overview of some common business valuation methods, we hope that you are closer to properly evaluating your first business. 

  • Easy Ways to Lower Your Carbon Footprint in 2020

    Posted in Awareness and Hype on January 22, 2020

    From blazing fires in Australia to rising ice melting and rising seawater, it’s clear to see that the planet is experiencing chaos in 2020. In order to mitigate the effects of climate change, it’s imperative that we all come together to make a difference. If your goal for 2020 is to be kinder on the planet, we’re here to help.
    In this post, we’ll discuss some easy ways to reduce your carbon footprint this year.

    Reduce, reuse, recycle, repurpose

    If you consider yourself an environmentalist, you’ve likely heard of the “3 R’s” reduce, reuse, and recycle, but there’s another “R” that can help you reduce your carbon footprint this year. Repurpose! Here’s how you can demonstrate each:

    • Reduce: Stop buying things you don’t need! Food waste is one of the biggest offenders of climate change. As we continue to buy more and more food, we’re signaling to farmers and manufacturers that we need more than we’ll actually use. More food production means more equipment used and more energy wasted. Try to make a habit of going to the grocery store more frequently so that you only need to buy the amount of food you need for a few days rather than a whole week or more.
    • Reuse: Instead of relying on the convenience of single-use items, consider buying things that can be reused. A reusable water bottle or a reusable shopping bag can limit how much you rely on plastic items on a daily basis. Plastic is bad for the environment for several reasons, but two of the main issues are that its production contributes to carbon emissions and standard plastics are not biodegradable.
    • Recycle: Speaking of plastic, it’s time to start recycling! If you haven’t been recycling already, what are you waiting for? Cities and states all have their own guidelines for what is and isn’t recyclable, so be sure to check with your place of residence before mixing non-recyclable items into your recycling receptacle. If your residence doesn’t provide recycling services, you might consider using a private recycling service.
    • Repurpose: The last time you decided to throw away or get rid of a piece of clothing or toss food, did you take the time to think about how else you could use the item before ditching it? Repurposing is an easy way to reduce your waste. Let’s say you have a dress that doesn’t quite fit right anymore, think about turning it into a t-shirt instead of tossing it right away.

    As for food, oftentimes we’re too quick to throw out items that still have a shelf-life. Wilted greens, for example, can be mixed into smoothies, cooked into an omelet, or frozen for later. Next time you’re thinking about getting rid of an item, think carefully about whether it could actually have a second life.


    Consider alternative energy

    If you want to take a stronger approach to fight climate change, reconsidering how you source energy is a great place to start. There are many different types of alternative energy solutions these days, including solar, wind, and hydro energy. Solar energy is by far the most common for residential use and it is easy to implement. What’s more, solar energy is good for the planet and your wallet!

    There’s a big misconception that installing solar power is way too expensive and labor-intensive, but there are several resources out there that can help you make the transition. PACE financing is one option that homeowners can take advantage of to help them afford the upfront costs of transitioning to solar energy. There are also a number of tax benefits that can help lower the financial burden.

    Drive less

    Another really effective way to do your part for the planet is to drive less. Whether you use public transportation, walk, bike, or use a carpool service, having one less vehicle on the road will certainly make a difference!

    If you needed any more motivation than the safety of the planet, there are even apps that pay you to walk to work.

    Final notes

    In this time of climate crisis, it’s important that we come together as citizens of the world for the longevity of this planet. Use these tips in your day-to-day routine and convince some friends to join you in your mission!

    Toyota to Build A Prototype City Of The Future in Japan

    Posted in Gadgets and Tech on January 7, 2020

    Today at CES 2020, Toyota revealed plans to build a prototype city of the future on a 175-acre site at the base of Mt. Fuji in Japan. Called the Woven City, it will be a fully connected ecosystem powered by hydrogen fuel cells. Envisioned as a living laboratory, the Woven City will serve as a home to full-time residents and researchers who will be able to test and develop technologies such as autonomy, robotics, personal mobility, smart homes, and artificial intelligence in a real-world environment. 

    The city is planned to be fully sustainable, with buildings made mostly of wood to minimize the carbon footprint, using traditional Japanese wood joinery, combined with robotic production methods. The rooftops will be covered in photo-voltaic panels to generate solar power in addition to power generated by hydrogen fuel cells. Toyota plans to weave in the outdoors throughout the city, with native vegetation and hydroponics. For the design of Woven City, Toyota has commissioned Danish architect, Bjarke Ingels, CEO, Bjarke Ingels Group (BIG).

    Residences will be equipped with the latest in human support technologies, such as in-home robotics to assist with daily living. The homes will use sensor-based AI to check occupants’ health, take care of basic needs and enhance daily life, creating an opportunity to deploy connected technology with integrity and trust, securely and positively. To move residents through the city, only fully-autonomous, zero-emission vehicles will be allowed on the main thoroughfares. In and throughout Woven City, autonomous Toyota e-Palettes will be used for transportation and deliveries, as well as for changeable mobile retail.

    Both neighborhood parks and a large central park for recreation, as well as a central plaza for social gatherings, are designed to bring the community together. Toyota believes that encouraging human connection will be an equally important aspect of this experience. Toyota plans to populate Woven City with Toyota Motor Corporation employees and their families, retired couples, retailers, visiting scientists, and industry partners. The plan is for 2000 people to start, adding more as the project evolves. The groundbreaking for the site is planned for early 2021.


    Waste Disposal and Recycling for the 21st Century

    Posted in Uncategorized on January 6, 2020
    Bulldozer working on the mountain of garbage in the landfill

    The rubbish will always be a problem for any society. The truth is that people constantly make waste material whenever they use products, conduct business or carry out the normal liver function. Communities are always trying to find the best ways to eliminate refuse. Recycling plays a major role in detritus removal. This presentation on rubbish removal, waste disposal and recycling for the 21st century will help you to better understand the recycling process.

    Aerial view of unrecognized Garbage man loading garbage truck. Rubbish and recycling concept with copy space

    Modern Recycling Practices

    Societies around the world utilize standard recycling techniques to manage their waste. Practices such as Waste Electrical and Electronic Equipment (WEEE), paper recycling and metal recycling are commonly used for that purpose. Other types of recycling processes for wood, plastic and disposable products. Recycling is also conducted through drop-off sites, curbside collection, and buy-back centers.

    Waste materials are also being recycled through physical, chemical and solid waste reprocessing. There exist very few waste removal companies that collect, process and sell recycled items. Reduce, reuse and recycle is a common slogan for the recycling industry.

    New Recyclable Materials

    There are recently created recyclable materials that are now being commonly made. Potato starch is used for technical applications and foods and it is a by-product of potato waste. Blood bricks from animals, organic mushroom walls used for heating and packing applications and brick bottles for buildings are a few examples of new recyclable materials being produced today.

    Aluminium and steel, cardboard, glass, newspapers, and plastic bottles are still the most popular type of recycled products. Items such as plastic bags are often cut up into pellets which will be used to create new plastic bag materials. The recycling industry is creating new ways to use human rubbish and junk.

    The Problem of Hazardous Waste

    Items such as car batteries, aerosols, automotive waste, pesticides, paints, and solvents are considered hazardous waste materials. These products can run off the ground and mix into the local water supply. Hazardous materials can also contaminate the soil, plant life or pollute the air. Many communities have drop-off and collection points for hazardous materials as well as waste disposal and collection sites provided by local councils.

    People must Change the Way they Dispose of Trash Across the Earth

    Industries, nations, cities, communities, neighborhoods, and individuals are very aware of the modern waste problem. Still, it’s challenging to find useful ways to cost-effectively recycle rubbish. There are some beneficial recycling programs in place. However, there still is a problem with everyone doing their part to recycle debris. Thankfully, recycling is constantly evolving to meet the demands of waste reprocessing and disposal.

    Honda Plans to Begin Sales of BENLY e: Series of Business-use Electric Scooters in Japan from April 2020

    Posted in Transport on December 19, 2019

    Honda today announced plans to begin sales of BENLY e: Series business-use electric scooter models to corporate customers in Japan from April 2020. Developed with the concept of a “Business e: scooter perfect for everyday delivery services,” BENLY e: Series is equipped with a compact EV system that fits inside an easy-to-handle body size required for scooters used for various types of delivery services in Japan. BENLY e: models were developed as business-use electric scooters while giving consideration to user-friendliness in use for various pick-up/delivery services such as newspaper and package delivery services. 

    BENLY e: models are powered by two units of the Honda Mobile Power Pack (MPP) detachable and easily-swappable battery. In addition to outstanding environmental performance, which can be achieved only by clean and quiet electric mobility products which emit no CO2 in use, BENLY e: models demonstrate powerful and smooth starting and hill climbing performance even when carrying cargo by leveraging the unique characteristics of their motor which generates ample torque even from a low rev range. All BENLY e: models feature a meter panel which displays various information about the EV system in an easy-to-understand manner.

    In addition to the speedometer and a clock, the meter panel has settings to display the remaining battery level of MPPs, the reverse indicator which comes on when the scooter is put into reverse and the side stand indicator which comes on when the side stand is in use. BENLY e: models feature a large and flat rear deck which makes it easier for users to load items they will deliver, and a reverse assist function was adopted to increase user convenience in case the scooter needs to be turned around to face in the opposite direction in a narrow space or on an inclined surface. Price starts from (all Inclusive) 737,000 yen ($6721).

    Mitsubishi Motors Energy Solution Service At Okazaki Plant in Japan to Reduce Carbon Emissions by 1600 Tons A Year

    Posted in Uncategorized on December 11, 2019

    Mitsubishi Motors announced today its decision to introduce an energy solution service provided by Mitsubishi and Mitsubishi Corporation Power at Okazaki Plant in Okazaki City, Aichi Prefecture, one of MMC’s main electric vehicles production plants. The energy solution service aims to reduce carbon emissions through the introduction of renewable energy. Specifically, MC and MCP will install a utility-scale rooftop photovoltaic (PV) system and battery energy storage system (BESS) composed of used batteries from electric vehicles. The PV system and BESS (Battery Energy Storage System) will reduce carbon emissions approximately by 1,600 tons a year and avoid peak demand of power consumption at Okazaki Plant.

    The construction of the rooftop PV system began in October 2019 and the scheduled commercial operation will start in May 2020. MC and MCP will install an initial capacity of 3MW (annual power generation: 3GWh) and plan to gradually increase the capacity. Okazaki Plant will then use the power generated from the PV system, thereby contributing to a sustainable approach to the production of MMC’s electric vehicles. The energy solution service thus enables MMC to use carbon-free electricity from the rooftop PV system without initial investment or possession of equipment, only by bearing electricity charges. 

    MC and MCP will install a battery energy storage system (BESS) and conduct a verification test in fiscal year 2020. The system is composed of used batteries from MMC’s Outlander PHEVs, with a maximum capacity of 1MWh. Once completed, the installed capacity will be one of the largest among non-FIT (Non-FIT is a renewable power generation business that does not rely on the subsidized FIT (Feed-in Tariff) scheme) rooftop PV system projects in Japan. 

    EIZO Releases Two Frameless LCD Monitors with Features for Contributing to Sustainable Development

    Posted in Other Stuff on December 6, 2019

    EIZO today announced the release of the two LCD monitors – 23.8-inch FlexScan EV2460 and 22.5-inch FlexScan EV2360, with a frameless design for business environments such as trading rooms, back offices, and control rooms. They feature environmental-friendly specifications to aid companies in achieving their sustainable development goals, which are becoming more recognized worldwide. As part of its efforts to maintain environmentally responsible manufacturing, EIZO developed the monitors without flame retardant in the plastic body to improve recyclability. EIZO also uses recyclable packing material for the boxes the monitors are shipped in.

    The FlexScan EV2460 is the successor model to the FlexScan EV2450 and uses a 23.8-inch LCD panel with 1920 x 1080 native resolution. The FlexScan EV2360 uses a 22.5-inch LCD panel – the smallest amongst EIZO’s frameless models. The small-footprint EV2360 has a width of 499 mm and a large native resolution of 1920 x 1200. Both monitors implement LED-backlit IPS (in-plane switching) panel technology with 178° wide viewing angles. The FlexScan EV2460 and EV2360 are equipped with four and two USB 3.1 Type-A ports respectively. This allows users to conveniently connect devices, such as a mouse, keyboard, or headset, directly to the monitor rather than the PC.

    EcoView Optimizer 2 saves power by fine-tuning the balance between brightness and gain according to the content displayed on the screen. Auto EcoView automatically adjusts the screen’s brightness in accordance with changes in the ambient brightness to trim power usage while reducing eye fatigue. With these technologies, typical power consumption is reduced to as little as 10 watts (EV2460) and 11 watts (EV2360) – up to 40% less compared to displaying at maximum brightness. Both monitors are certified by worldwide comprehensive sustainability certifications such as TCO Certified Generation 8 and EnergyStar.  

    Logitech Commits to Ambitious 1.5°C Climate Pledge and 100% Renewable Electricity Goal

    Posted in Uncategorized on December 5, 2019

    Today Logitech extended its commitment to future generations by setting ambitious sustainability goals for its products, packaging, and operations. Logitech commits to support the Paris Agreement, pledging to establish science-based targets to limit its greenhouse gas emissions to support the ambitious 1.5°C trajectory by 2050. The Company is participating in the Science-Based Target Initiative (SBTi), and supporting science-based objectives that can be measured across industry and across the globe to affect the real change needed now.

    As a member of RE100, Logitech commits to source 100% of the Company’s global electricity consumption from renewable sources by 2030. The Company is working to hit the target early – it has already achieved 75% renewable electricity consumption due to its early efforts at its Lausanne, Switzerland and Cork, Ireland offices which now run on 100% renewable electricity. The Logitech manufacturing plant in Suzhou, China, is also a certified CarbonNeutral building through the purchase of renewable electricity and carbon offsets, reducing 17,000 tonnes of carbon each year.

    The carbon footprint of the materials, design, manufacturing, and shipment of all Logitech G and ASTRO Gaming products have been reduced to net-zero emissions. Logitech commits to maintain carbon neutral gaming products and intends to expand the certification to other product categories in the future. Logitech has converted to sustainable packaging on multiple new Logitech G and MX Master 3 products, started to introduce recycled plastic in its mice, keyboards, and webcams, and removed PVC from new product cables and feasible external parts.

    The Future of Fashion: Recycled Clothing and Footwear

    Posted in Recycle on November 27, 2019

    Going green is a trend that’s here to stay and for many people, the easiest first steps are recycling and making more conscientious purchasing decisions. You can combine both of these initiatives by investing in recycled clothing and footwear instead of fast-fashion, which has had a serious impact on the environment. 

    Did you know that it’s one of the biggest contributors to pollution because of all the waste it creates? From the production practices to the growing landfills packed with these clothes that constantly need to be replaced, fast fashion’s impact is far reaching. From garments made from recycled trash to biodegradable wedding dresses, more and more brands are committing to sustainable fashion practices, and you can too. 

    To make your mark by shrinking your footprint, you can begin revamping your wardrobe from top to bottom with items that are recycled, starting with these recommendations: 

    Sustainably Made Shoes

    Let’s start with one of the most important parts of your wardrobe—your shoes. Fortunately, there are many shoe brands taking steps in the right direction, including Rothy’s. Not only are Rothy’s shoes always on-trend but they’re also sustainable and comfortable. By using eco-friendly materials including thread made from repurposed plastic water bottles and bio-based algae, running their workshop that’s held to the highest sustainability standards, and shipping their shoes directly in their boxes, Rothy’s is able to make shoes that you can feel good about wearing for years to come. 

    Try them out and you won’t be able to find a reason to look elsewhere. Whatever your preferred shoe style, from flats to sneakers, they have you covered. Start with a pair of cute Chelsea boots just in time for the cooler months. 

    Recycled Denim

    Jeans are a staple in nearly everyone’s wardrobe, so they’re also a big source of waste. But, when it comes to your denim, you can do better. Thanks to the uptick in demand from consumers, there are plenty of options for eco-friendly jeans—including arguably the most well-known name in denim, Levi’s. Levi’s has been the go-to retailer for well-fitting jeans for decades and they still are, even for those who are striving for an eco-friendly wardrobe. The company is dedicated to using recycled fabrics and sustainable materials to make their iconic jeans. 

    They have a broad selection of recycled denim including their 711 skinny jeans, wedgie fit women’s jeans, and their popular exposed button mom jeans. Today, they’ve committed to re-purposing old vintage denim, use responsibly sourced cotton and lyocell, and reducing their water consumption in the production process.  

    Tees & Outerwear

    Top off your look with recycled tees and outerwear by Recover. They reuse plastic bottles and upcycle cotton,  turning them comfy yet stylish tees and outerwear you’ll love. Thanks to their dedication to eco-friendly fashion, not only has Recover been able to divert 7.8 million plastic bottles from the landfill, but they’ve also saved 29.2 million kilowatts of energy, 11.8 million pounds of carbon emissions, and 2 billion gallons of water. Plus, their clothes are buttery soft. 

    You can take comfort in knowing that when you throw on one of their classic v-neck tees, you’ve made a choice that looks and feels good. 

    Accessories

    No look is complete without the right accessories and fortunately you don’t have to sacrifice them. You may be aware that a lot of jewelry companies are scrutinized for their unethical practices and wasteful materials. However, there are many brands that are dedicated to breaking that stigma. 

    From designers who are passionate about recycling E-waste that can be turned into metal jewelry to major companies who are focused on making ethically sourced diamonds trendy, there are virtually limitless options to find accessories that suit your style. 

    As you can see, there are plenty of stylish ways to wear recyclable fashion, from shoes and clothing all the way down to your accessories. While starting to integrate eco-friendly pieces into your wardrobe is a great first step, don’t forget to also recycle your old clothes to help prevent them from ending up in landfills. You’ll have to invest some time and money to start dressing sustainably, but it’ll be worthwhile when you can enjoy the peace of mind that you’re part of the solution. 

    3 New Tech Features That are Making Cars Eco-Friendly

    Posted in Transport on November 22, 2019

    The future of cars is dependent on eco-friendly solutions. With climate change soon upon us, and pollution in cities around the world at an all-time high, it’s no wonder why so many automakers are devoting research and investment into greener solutions. From novel ways of powering personal vehicles to reimagining your morning commute, there are many amazing solutions on the drawing board. In this post, we’ll cover 3 new tech features that are changing the way Americans drive for the greener. Check them out!

    1. Electric and hybrid cars

    Electric cars have moved from mere novelty to viable transportation solution in just a few short years. With so many new models on the market from the Fiat 500e to rumors of a new GM electric Hummer, there’s a lot to look forward to on the horizon. Electric cars are cleaner than regular internal combustion engine cars for a few reasons.

    • First, they don’t rely on burning fossil fuels. Fossil fuels are made primarily of carbon, which, when burned, turns into CO2 and ends up in the atmosphere. As you probably know, an excess of CO2 in the atmosphere is the biggest driver of global warming, or climate change. By eliminating the emissions put out by cars on the road, car companies are significantly reducing the amount of C02 in the atmosphere, which helps slow climate change.

    • Second, because they don’t burn fuel, they don’t contribute to pollution. Not only is the general addition of CO2 to the atmosphere bad for the planet, cars belch out all manner of noxious fumes from smoke to carbon monoxide. Electric cars, once again, do not emit anything, so they’re much cleaner for cities.

    • Third, electric cars as well as hybrids are very quiet. Noise pollution can be every bit as damaging to wildlife and human wellbeing as atmospheric pollution, so reducing the amount of noise on the roads is huge eco-win. You won’t need Bose noise cancelling headphones just to hear yourself think while walking around town anymore. 

    2. Ridesharing

    Ridesharing isn’t exactly an onboard tech, but it’s still a tech change that’s making cars eco-friendlier. How? For the simple reason that people are using them less. Right now, the standard way that people in the US get around is with their own personal vehicle. Instead of browsing new Audi cars for sale for themselves, as ridesharing gets more popular and cheaper, people will start to ditch their personal cars in favor of a shared ride to work. How does this help the environment? Two ways:

    • First, not only do cars themselves contribute to pollution and climate change when they drive around burning fossil fuels, but the manufacturing of cars is also extremely environmentally damaging. As fewer people buy cars because they’re using a ridesharing app to get to work, fewer cars will need to be made. 

    • Second, with more people sharing rides, there will simply be fewer cars on the roads. This is great for the environment because of the outright reduction in the number of cars people own, and also because drive-times will be shorter due to less traffic. That’s a huge win for noise pollution, city pollution, and the carbon footprint that commuters are responsible for. 

    3. Self-driving cars

    This one seems far out there, but Uber self-driving cars are already being tested in cities across the US. Soon, driving yourself around may be a thing of the past, as autonomous vehicles dominate the market due to their superior safety and efficiency. While boosted safety features are usually touted as the benefit of autonomous cars, one huge benefit is actually the fact that they will be eco-friendlier than the current human-driven cars. Why?

    • First, because self-driving cars will be able to better regulate their own fuel or electricity usage. You waste a lot of gas driving at sub-optimal speeds, speeding up and slowing down, and making evasive maneuvers on the road. By optimizing all these systems, self-driving cars stand to be much more fuel efficient.

    • Second, self-driving cars won’t get in accidents as often and won’t slow down just because there are many other cars on the road. With all the cars operating in perfect sync, self-driving cars won’t often burn gas sitting in stand-still traffic. That’s a huge eco-plus.

    There’s a lot to look forward to in the near future, with these cutting-edge features that are sure to make cars much friendlier to the planet!