Neil Haboush | Top 4 Business Ideas in Canada
Canada ranks 3rd when it comes to the ease of
venturing into new business and the country boast of a highly developed and
stable economy.
With the economy being dominated by service
industries, there are millions of ventures and businesses out there making
aspiring entrepreneurs overwhelmed with the right one that proves
profitable.
While some are easy to set up, some require more
investment than others and some can be profitable than others. Whatever the
case, whatever your background and whatever your skillset, there will always be
that business that is meant for you.
Here is Neil Haboush, to share some of the
profitable sectors to invest in Canada. Let’s dive in!
Professional Services
Starting a professional service means you are
proficient in the field and you know what it takes to be an expert on the said
subject. If you have some expertise or experience in accounting, finance, health,
education, marketing, and many more, why not consider capitalizing your
knowledge.
You might consider being a consultant. In
relationships, businesses, health, marketing and life in general. people and
businesses are always looking for ways to be better, earn more and be
successful. For instance, if you know about finance, and can provide expert
advice to help businesses and individuals reduce expenses, diversify a
portfolio and increase wealth, being a financial advisor or consultant can be a
good one.
Moreover, if you are an expert in a specific
subject, online coaching or one-one coaching will yield enough income.
Transportation Services
Think of a small profitable business, think
transportation. All that is required to start is a van and strategies to
solicit for customers.
“You don’t have to limit yourself to a taxi
service, there are different transportation business that is very promising and
profitable. This includes Car shuttle service, truck transportation service,
taxi service, delivery service, nonemergency medical service among others,”
says Neil Haboush.
Real Estate Services
There is no denying the amount of money that can be
made from the real estate industry. Hence if you know people and you understand
how the market is being run, you are in for a lucrative business.
From renting out houses or office spaces to
property management to offering brokerage services, there are a lot of
opportunities that can be explored in this field.
You can set up as a sales and marketing firm to
help developers sell buildings, and properties and earn commission in the
process.
If you also understand how to manage the property
and you know some developers and brokers, property management can be the way to
go. Property managers collect rent, manage tenant and keep the property in safe
and habitable conditions. There are a lot of property investors who are on the
lookout for one.
Fitness
Do you have a flair for fitness? What about the
charisma, buff, with good business strategies?
Why not use all you get to benefit others, and make
money in the process. Plus, your health will thank you!
Read more on clicking Neil Haboush.
How to Apply AI in Business | Neil Haboush
Take computer vision a branch of
AI, which itself is a branch of computer science with cv. Neil Haboush can
create a system that does a subset of things that the human visual system can
do in CV. The system can analyze a picture taken by a camera to understand,
what's in the picture.
For example it can recognize
objects like cars, streetlights and people. While humans have no problems with
these kinds of things. It's difficult for computers to do the same thing
because all it sees is a rectangular array of pixels. Each with a certain
intensity and color we need the computer to somehow take a step back and look
at the pixels. Around the neighborhood of a point instead a popular way to do
that is to slide a window across the image and at each point look for
higher-level features.
If you can somehow summarize
what's in each window, then you can run the same process. Through summaries and
repeat the process to hope to recognize objects computers, do this through a
network of nodes called neural networks. An image can be fed into the network
and the concept of sliding one window or the image is called convolution. So
the network itself is called a convolutional network or CNN. So that's Artificial Intelligence Park now let's look at the
business part.
Say you have a business that
manages a parking lot in the city of Montreal. We have three types of customer’s
members who pay a monthly fee and whose credit card information. We already
have members who pay per use and whose credit card information. We already have
non-members who just pay by usage and whose credit card information we do not
have. We want to use a computer vision based license-plate recognition system
to simplify operations. When cars come in or go out their plates are
automatically red and the members are charged appropriately. Others are charged
at exit but there is no concept of having to take a ticket as customers. Drive
in a customer simply pulls up into the parking lot and parks on entry. The CD
system registers her license plate and logs her check-in time when she leaves.
If she's a member, she simply drives
out, if she's not then the gate does not open until she pays at the credit card
machine. Here's what the process looks like a non-member may choose to become a
member with a single acknowledgment. Since
we already have all the required information for membership like the credit
card license plates and car model to make this all happen. The license-plate
recognition system the registration system and the billing system. All have to
be integrated there are a few other processes and systems as well but as you
can see the CV system is simply one part of the end-to-end process. Now let's
look at some exception conditions, what happens if the car comes in with dirty
license plates and the system is not able to read it.
We have a few options here one is
to send the car through a manual process where someone reads off the license
plate and enters. It manually this will
increase operational costs that includes an employee and perhaps construction
of a separate lane for such processing. Another is to write it off because the
number of such occurrences, may be so small that it's not worth paying somebody
to handle. Exceptions this decision needs to be made based on historical data,
because you don't want to write off too much revenue another option is to use
two systems want to read the front of the car and another to read the license
plate at the back of the car.
This will reduce a number of exceptions
but some states do not enquire front and back license plates. Yet another
option is to install a water spray module to wash off the soil in the snow as
the car enters. This will increase the reading accuracy and is similar to
cleaning the data before you feed it into a CV system or a machine learning
system. The point is that as you look at the total implementation of the process
you will see that artificial intelligence plays only a small part you have.
To make many other decisions
about customer experience, speed cost employees processes etc to make the
solution reality. So don't get an armoured by the AI technology. We might even
have to throw in other technologies like IOT and blockchain to make these
processes even more robust.
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Kindness is The Best Business Strategy | Neil Haboush
Kindness is one of the most powerful forces in business, yet hardly heard of. This is one strategy that doesn’t require cost, can generate profit, promote goodwill and branding and most importantly, renew your mental and physical health. Let’s explore with Neil Haboush, a business icon as he unveils kindness as an important key to success in business and life.
Kindness is The Best Strategy in Life | Neil Haboush
Kindness
is one of the most powerful forces in business, yet hardly heard of. Think of
the last time a customer care service responded negatively when you complained
about the product or the time your manager was rude to you. You aren’t going to
shop there again, never! And you will probably feel less inclined to cooperate
with your manager neither.
The
sad truth is many people are brought up to believe the act of kindness is a
sign of weaknesses, and many are used to an unhealthy business world dominated
by cut-throat competition and governed by domineering managers. It’s no wonder
the act of kindness has been long forgotten and it has taken the backseat when
it comes to business strategy. This is one strategy that doesn’t require cost,
can generate profit, promote goodwill and branding and most importantly, renew
your mental and physical health. Let’s explore with Neil Haboush, a
business icon as he unveils kindness as an important key to success in business
and life. Read on!
Kindness is The Secret Weapon to Healthy Living
A
simple consideration of your fellow humans- including employees, clients,
potential clients, and even competitors can go a long way in shaping your
mental and even physical health. Research has shown that people who carry out
acts of kindness for others have higher levels of kindness flourishes
psychologically and emotionally. it can also release oxytocin hormone that
helps to reduce blood pressure. This means when you are kind, your heart will
thank you. As an entrepreneur who is constantly fighting business battles, this
is a much-needed dosage to stay right on track in the business world.
Kindness Builds Powerful Long-Lasting Connections
The
more you give without expecting anything in return, the more capital you amass,
and the more the reputation grows. The fact is you never can tell where people
you impacted positively might be in the future and what benefit this might be
to you. A simple act of kindness can be sharing a competitor piece of content,
or helping a fellow in need. A person that cannot afford your brand today can
be an advocate tomorrow or your helper.
Kindness is a Powerful Competitive Advantage
In
a world where consumers have countless options for businesses and brands to
choose from, the act of business can be your competitive advantage. Why not
stand out among the crowd and be kind, it cost nothing! Shops and restaurants
where people are friendly and warm will probably be your go-to and you will
rather run from businesses where employees are rude and mean. Everyone
wants to be treated with respect. In a world where word of mouth accounts for
50 percent of business sales, set the tone for good customer experience and
turn them into an advocate. Customers will remember when you listen to their
problems and help resolve an issue.
To
create a lasting impressions on clients, businesses should be ready to do
things that are out of the ordinary and go that extra mile.” says Neil Haboush.
Being kind, giving and making your customers feel valued will make a legendary
customer service that will get people talking about your business for years”
Neil adds.
Earn the Respect of the Employees
Employees
will be more productive and ready to put in their best when they work in a
warm, responsive work culture. 33% of employees stated that they would change
to more empathetic employers for equal pay while 20% said they would do it for
less pay. An act of kindness will command respect from employees and promote
the ones that will stand by you through thick and thin. You can be firm and
still be kind. You can be focused on being successful while still showing
empathy to those around you.
Neil Haboush | 5 Cyber Security Tips for Startups in 2020
As of 2017, more than 50 percent of startups are victims of cyber-attacks, according to Symantec’s cyber security report. Surprisingly, more than 60 percent of the cyber-attack victims are out of the business world after 6 months. What does this mean? The sad truth is more and more SME’S and medium-sized companies have been the main targets and they have suffered the hardest hits in recent years. As a startup, while you might not be able to stop attackers from infiltrating your business, there are effective steps you can take to prevent or at least reduce the amount of damage that can occur. You don’t have to experience the dark underworld of the internet, here is Neil Haboush, a financial and technical manager in Beaconsfield to walk you through some cyber security tips to ensure your business stays safe and secure in the complex digital world.
Use Strong Password
As much as simple passwords are attractive they can be the key for easy access for attackers. You won’t forget easily and it doesn’t come with the hassle of management when one password is used across different sites. Well, you are simply making the whole process easy for hackers. One of the effective, practical ways is to use stronger passwords. That is a combination of special characters, numbers, mixtures or caps and small’s letters and complex ordering. To be safer, use different passwords across multiple sites and this will ensure not all your accounts are messed with. However, managing multiple passwords can daunting, but having a password manager that saves all the passwords in a safe encrypted form will ensure none is Lost.
Use Two-factor Authentication/Multi-factor Authentication
Two- factor authentication is an extra layer of protection that passes beyond mere username and password to include something the user has on them. This proves to be a more effective way of securing sensitive information than single based authentication. As explained by technician Neil Haboush, the authentication method might require, for instance, the user, providing a password, then either a security token such as cell phone and/or biometrics (such as picture or fingerprints).
Stay on Guard
It’s not enough to get security software or tools installed, ensuring they’re also up to date will ensure you are taken a proactive approach to cyber security. Your antivirus and antiphishing tools are there to detect, protect and prevent malicious attacks if they are aren’t updated, you are simply creating loopholes for attackers. A good rule of thumb is to get your software and network update and checked regularly by cyber security experts to ensure there aren’t any cracks in your security walls.
Provide Cyber security Training for the Employees
With different expertise and specialization in the workplace, some employees can be the gateway for cyber-attacks, data breaches or phishing scams as hackers might take advantage of their ignorance. Investing in cyber security education for your employees is very important to ensure information are secured at every end. Moreover, limit access to sensitive information, data and cyber security maintenance to in-house or your cyber security team only.
Organizations embracing the latest trends such as remote workers, BOYD and IoT, should also train employees on both physical and cyber security and go the extra mile in investing in high-quality devices that come with the latest software and security control.
Be Smart, Do Not Give Away too Much
Sharing way too much information across social media platforms is generally not a good idea. Business needs to be careful and vigilant when giving out information. Moreover, be aware that information can also be compromised physically. Physical security breaches can occur when dumpster divers ransack wastes for documents containing sensitive information, discarded storage media or files. Shred or burn the document to stay safe.
While you are incorporating these cyber security tips to stay secure, it is also important to have a recovery plan put in place.” says Neil Haboush. In case of security breaches, an organization with an efficient backup plan will be able to recover quickly and avoid the horror stories” Neil adds.
Be Prepare for these 4 Business Startup Expenses
You are about to embark on a
wonderful bummy- jumpy business ride and you have got the plans laid out.
Office space and furnishings are all ready, insurance cost is in place and you
simply can’t wait to see your business
startup scale up the success ladder says Neil Haboush. However, before you get caught up in the excitement
of the moment, here are other things you might have ignored during your
preparation.
Neil Haboush shared 4 most
important business startup expenses
every aspiring or young entrepreneur should know.
1. Online presence for Business Startup
Having an online presence is
very crucial for any Business Startup
who aims to succeed. Some business might require a brick and mortar store, but
having an online presence is still required says Neil Haboush. There are various social networking sites such as Facebook,
Instagram, TikTok, Linkedin and the more where businesses can communicate with
consumers, earn their trust, develop good relationship, make sales and build
brand reputation. The good news is, these sites are free.
Moreover, with 80percent of
people making an online purchase, having a professional website is very crucial
to growth. Your website will communicate your brand, provide information about
your service/products, and include contact information and much more. In fact,
any reputable company is expected to have a website that projects the services
provided or products to be purchased. However, there is more to it than you
think. It requires a user-friendly, clean, professional-looking website that
will demand some bucks
2. Inventory for Business Startup
Inventory can be a bit tricky
to determine when you are just starting but it is better to be prepared
beforehand and include it in your business start-up budget. Not all businesses
require an inventory especially if you are providing a service. However, in
case of ecommerce, consumer goods, retail or manufacturing, inventory is most
likely part of your business. Careful planning, vigilance and inventory
management is essential. You don’t want to have overstocked goods due to low
demand neither do you want to lose out on customers or sales simply because you
are out of stock. Spoilage, damage, and loss of money can also occur especially
if you are dealing with perishable goods or items.
3. Equipements and Utilities
Equipment’s cost depends on
the industry you are venturing into, the size of the business, and if the
nature of work demands the employee have their equipment. For instance, a
person starting a catering service will require different equipment from one
who is about to start a photography business. You can decide to purchase the
equipment if your cash position permits or try other options such as leasing or
loans.
Neil Haboush | Top 5 Technology Trends for Small Businesses in 2020
The year is almost over and there are technology trends that are waltzing their way into 2020 says Neil Haboush. For small businesses or startups who aim to stay in the game, being abreast of the trends is a big deal. In a highly competitive business world, investment in the technology trends head-on will prevent small businesses to be wiped out by the competitive tech-savvy companies.
Here
are the technology trends shared by Neil Haboush, a successful business
guru.
1. The Rise of Social Media Marketing
Social
media marketing is the talk in 2019, but it’s going to be the life of the
business itself in 2020. As much as social media can consume a lot of time, it
is of paramount importance for business growth. Platforms such as Tiktok,
Instagram, Twitter, Youtube, Snapchat can help connect to a large audience and
youth aside from Facebook. From building an online reputation, connecting with
your customer to know their needs and drive sales, there is a lot that it can
do for your business.
Moreover,
small businesses can make use of social media influencers who will make an
honest review of their product to generate sales says Neil Haboush. Don’t forget, consumers trust word-of-mouth more than
any other means.
2. 5G Data Networks will be the Thing in 2020 - Technology Trends
5G
data might not be a thing for small business in 2019 due to the cost, but it’s
going to be on the rise come 2020. With a super-fast network and more
affordable mobile data, interactions with the internet will be faster and
accessible while on the go. Businesses need to be informed of these technology trends and see through the
opportunities to grab.
3. The Gig Economy and Remote Workers are Taking Over
The
need for side hustling, flexibility and the fulfilment of being your boss has
given rise to the gig economy. More and more freelancers, work from home moms
and others are competing for jobs such as software developers, content writing,
name it... Moreover, workers are now converting passions to earning and they
believe it is more fulfilling.
For
business, getting an office is expensive and business needs to grow. Thanks to
telecommuting, communications, and collaboration between employees are made
easy. Facing financial struggles? Ditch traditional workspace for remote
workers.
4. Need to Invest in Voice and Chatbots – Technology Trends
Chatbots
and voice searches are now taking over. With the needs to serve customers
better and meet their requirements, this comes as no surprise. Startups need to
incorporate this trend to make work easier. Chatbot, for example, can
communicate with multiple customers and attend to their queries before human
intervention. Moreover, the need to incorporate voice communication is
increasing to meet consumers’ demands. Little wonder Alexa and Google Home are
the new rages.
5. More Personalized Customer Service
Personalized
customer service has gone beyond addressing customers by their first name.
Recent technology trends help to
serve customers better by tracking their needs or intents through purchase
history. ‘Analysis of customers’ behavior and needs is important for a more
personalized consumer-centric marketing’- Says Neil Haboush. There are a lot of products and noise out there,
consumers only want to see their needs and not surfing the whole bunch of
products.
Final Words
These
5 technology trends given by Neil Haboush will help small businesses to be
ahead of competition. To be informed is not to be deformed.
Neil Haboush | Artificial Intelligence Role in Businesses
With businesses such as medical, finance, Hr, IT
and, recording successes with the incorporation of artificial intelligence for
efficiency, organizations who are yet to dig into it might find themselves
being kicked out by those who did. From production to marketing, artificial
intelligence is changing business forever and affecting the way humans carry
out tasks today. Automation of time-consuming tasks carried out in a jiffy,
increased customer relationship through automated communications, discovery of
important findings that help to fasten decision makings and loooooot more!
What’s not to love about this gem that is transforming business and the world
in general?
A guru with years of experience as a sales manager,
organizational infrastructure, finance and tech-savvy, Neil Haboush, shed more light in the areas in which artificial
intelligence is impacting businesses and what can be done.
What is artificial intelligence?
Before proceeding to its impact on business, it is
important to understand its meaning. Put simply, humans displayed natural human
intelligence while artificial intelligence displays artificial, machine
intelligence. It is the ability of machines to carry out activities from
planning, speech recognition to decision making, otherwise performed using
human intelligence. AI can analyse data and human behaviour to make predictions
and forecast future occurrence. Moreover, it sees changes, loopholes, and
things that are hidden to human understanding. This helps to hasten decision
making and to take the required steps for productivity.
Artificial intelligence is a broad term and its
other branches include machine learning and deep learning. Neil Haboush explores ways in which artificial intelligence is
affecting the way organizations carry out their daily tasks. Great examples,
Amazon Alexa, Driverless cars, and so much more!
Marketing
- Artificial intelligence is a great tool for targeting and
segmentation.it provides information on their demographics, location, and
age, purchasing behavioural pattern, consumer’s browsing information and
their interests. This will help to market to the right audience.
- It creates room for a more personalized marketing, products and
customer experience that will cut down wastes, increased customer and
profits.
- Moreover, advertisement, email and SMS marketing have been made
easy to the right audience which can lead to customer loyalty and
generating leads. Thanks to artificial intelligence.
Customer relationship management
- Businesses that deal with a lot of consumer data can leverage CRM
with AI to process data, detect patterns and consumer behavior, for
improved customer experience.
- Two powerful tools of lead management as it helps employees to
lessen their burdens in searching, targeting and follow up on leads. One
good example is a chatbot that can interact with unlimited consumers
visiting your site at a time. Something a human cannot do.
- Improved customer experience and engagement as it can detect their
feelings, image recognition and interpret natural language and serve them
better.
Finance
- According to Neil Haboush,
the role of artificial intelligence not only in finance but in all sectors
is countless. In finance, not only does AI helps carry out boring,
repetitive tasks, but it can also help in making decisions.
- Artificial intelligence has helped solved the cankerworm called
fraud that has been a headache for financial sectors for years. Fraud
detection and prevention that might be difficult using human intelligence
have been made easy.
Final Words
We didn’t just wake up with this technology trend
becoming part of our lives, it evolvement and progress took decades to be what
it is today says Neil Haboush. Yet,
no stopping, it is still on the move to transforming business and our daily
lives. Understand the impacts and take advantage of it.
