Most Trusted Business Software Solution Providers - 2023

Page 1

W W W . T H E E N T E R P R I S E W O R L D . C O M | A P A C E D I T I O N | S E P T E M B E R 2 0 2 3 Designing, Implementing, & Supporting to Make Work-Life Easy! MICHAEL HOPWOOD | CEO Customer Consulng Group Upshot What makes MEXICO a Once in Lifetime Tourist Destination? Case Study How did Gucci become the Luxury Symbol of the Fashion Industry? Articles 5 Property Investment Tips For First Time Property Investors REVIEW | CLICKUP BUSINESS SOFTWARE Solution Providers 2023 Business Software Solutions

S UB S CRIBE

CASE STUDIES

READ MORE

From brands like Tesla to Coca-Cola, get the in-depth analysis of their brand strategies, competition and much more in the Case Studies section of The Enterprise World

UPSHOT METROS

READ MORE

New York to Mumbai, wander the cities with The Enterprise World's this special section. Know everything you need to know about metro cities of the world.

PRESS RELEASE

Get exclusive insights about The Enterprise World's monthly magazines and other news in this Press Release Section.

VIDEO INTERVIEWS

READ MORE READ MORE

Access The Enterprise World's special video interviews with the most visionary and innovative leaders around the globe in our Video Interviews section.

150,000+

S UB S CRIBE

F r o m E d i t o r ’ s D e s k

Inthedigitalage,businesssoftwaresolutionproviderplatformshaveemergedas indispensabletoolsforcompaniesseekingtothriveinacompetitivelandscape.These platforms,withtheirdiverserangeofapplicationsandservices,havebecomethe backboneofmodernbusinessoperations.Fromstreamliningprocessesandenhancing productivitytoenablingdata-drivendecision-making,theyplayapivotalroleinuplifting businessesofallsizesandindustries.

Astechnologyevolvesatanunprecedentedpace,theimportanceoftheseplatformscontinues togrow,offeringbusinessestheagilityandscalabilitytheyneedtoadapttochangingmarkets andcustomerdemands.Thisintroductionunderscoresthetransformativepowerofbusiness softwaresolutionsincatalyzingsuccessandinnovation.

FeaturingforTheEnterpriseWorld’sthisissueofMostTrustedBusinessSoftwareSolution Providers-2023arethestoriesofsuchbusinessplatforms,empoweringbusinesseswith efficiency.

Forthecoverreadabout-

Asenterprises,especiallysmallandmedium-sizedones,navigatethecomplexitiesofmodern operations,theyseekpartnerswhocanoffertailoredsolutionstostreamlineprocesses,boost productivity,andensureefficientmanagementofessentialtasks.

Amidstthisdemand, shinesasoneofthemosttrusted CustomerConsultingGroup(CCG) andinnovativebusinesssoftwaresolutionproviderstoday.Ledbythevisionary andFounder CEOMichaelHopwood,CCGhasswiftlyemergedasatrailblazerinthefield.Witha commitmenttomakingworklifeeasierthroughsuperiorbusinesssoftware,CCG’simpact hasrippledacrossindustries,empoweringbusinessestoachievemorewhilekeepingcostsin check.Asaseasonedindustryleader,Hopwood’sguidancepropelsCCG’smissionto revolutionizebusinessprocessesandfosterafuturewhereinnovationmeetspracticality

CCGisatrailblazingcompanythatstreamlinesworkprocessesthroughtailoredZoho-based businesssoftwaresolutions.Specializinginservingsmallandmedium-sizedenterprises (SMEs),CCGfocusesonfosteringenhancedrelationships,amplifiedproductivity,and streamlinedpaperworkmanagement.

d i t o r ’ s D e s k

r o m E

F

Ofce No. 102, Bhakti Genesis, S. No. 245, H. No. 2B,Wakad Aundh Main Road, Pune. 411057

Follow Us On:

For Editorial Concerns: sales@theenterpriseworld.com

For Subscription:

For Sales & Branding Enquiries: info@theenterpriseworld.com

This list is NOT a ranking. The companies on listed in magazine serve different aspects of the market, making ranking them in any order except revenue impossible and unfair. We try to bring a perfect platform for business organization to showcase their valued products/ services.

Copyrights © The Enterprise World | 2019. All Rights Reserved. The images and content included in this magazine should not be copied, transferred or reproduced in any form or by any means, electronics, mechanical, photocopying, recording, otherwise, without proper permission from The Enterprise World. The Enterprise World solely owns all the reprint rights.

The Enterprise World Publisher Suchita P. James H. Sarah C. Sankalp K. Creative Content Editor Marketing Coordinator (APAC) PR & Marketing Coordinator Business Development Executive Creative Design Head Narendra S. Amanda V. Social Media Manager
Digital Circulation Manager editors@theentetpriseworld.com
Shalmali W. Aparna S. Graphic Designer

Forthecoverreadabout-

Asenterprises,especiallysmallandmedium-sizedones,navigatethecomplexitiesofmodern operations,theyseekpartnerswhocanoffertailoredsolutionstostreamlineprocesses,boost productivity,andensureefficientmanagementofessentialtasks.

Amidstthisdemand, shinesasoneofthemosttrustedand CustomerConsultingGroup(CCG) innovativebusinesssoftwaresolutionproviderstoday.Ledbythevisionary andCEO Founder MichaelHopwood,CCGhasswiftlyemergedasatrailblazerinthefield.Withacommitmentto makingworklifeeasierthroughsuperiorbusinesssoftware,CCG’simpacthasrippledacross industries,empoweringbusinessestoachievemorewhilekeepingcostsincheck.Asaseasoned industryleader,Hopwood’sguidancepropelsCCG’smissiontorevolutionizebusinessprocesses andfosterafuturewhereinnovationmeetspracticality

CCGisatrailblazingcompanythatstreamlinesworkprocessesthroughtailoredZoho-based businesssoftwaresolutions.Specializinginservingsmallandmedium-sizedenterprises(SMEs), CCGfocusesonfosteringenhancedrelationships,amplifiedproductivity,andstreamlined paperworkmanagement.

L E A D E R S I N S P O T L I G H T

C O N T E N T S

Customer Consulting Group 1

2

What makes MEXICO a Once in Lifetime Tourist Destination?

How did Gucci become the Luxury Symbol of the Fashion Industry?

2 4

UPSHOT CASE STUDY

3 4

4 2 Article 5 Property Investment Tips For First Time Property Investors

4 8 review REVIEW Clickup

COVER STORY

CONSULTING GROUP

DESIGNING, IMPLEMENTING, & SUPPORTING BUSINESS SOFTWARE SOLUTIONS TO MAKE WORK-LIFE EASY!
CUSTOMER
| September 2023 12
Michael Hopwood | CEO

GROUP

BUSINESS www.theenterpriseworld.com | 13

T T

Theneedfortrustedsoftwaresolution providershasbecomeparamountinan ever-evolvingbusinesslandscape.As enterprises,especiallysmalland medium-sizedones,navigatethe complexitiesofmodernoperations, theyseekpartnerswhocanoffer tailoredsolutionstostreamline processes,boostproductivity,and ensureefficientmanagementof essentialtasks.

Amidstthisdemand,Customer ConsultingGroup(CCG)shinesas oneofthemosttrustedandinnovative businesssoftwaresolutionproviders today.LedbythevisionaryFounder and CCG CEOMichaelHopwood, hasswiftlyemergedasatrailblazerin thefield.Withacommitmentto makingworklifeeasierthrough superiorbusinesssoftware,CCG’s impacthasrippledacrossindustries, empoweringbusinessestoachieve morewhilekeepingcostsincheck.As aseasonedindustryleader,Hopwood’s guidancepropelsCCG’smissionto revolutionizebusinessprocessesand fosterafuturewhereinnovationmeets practicality

EmpoweringBusinesseswith InnovativeSolutions

CCGisatrailblazingcompanythat streamlinesworkprocessesthrough tailoredZoho-basedbusinesssoftware solutions.Specializinginservingsmall andmedium-sizedenterprises(SMEs), CCGfocusesonfosteringenhanced

relationships,amplifiedproductivity, andstreamlinedpaperwork management.Foundedin2018,CCG wasconceivedwiththevisionof deliveringtop-tierenterprise-grade businesssoftwareconsultancyto SMEswithoutexcessivecosts.This visionhassinceevolvedintoa commitmentto“Makeworklifeeasy withbetterbusinesssoftware.”Under theleadershipofHopwood,who boastsovertwodecadesofindustry expertise,CCGispoisedtoeffect significanttransformationsthrough incrementalchanges,asillustratedby “TheRippleEffect,”aconcept encapsulatedinthecompany’slogo.

CCG’s proficiency spans diverse domains, including:

CustomerRelationship Management(CRM):CCGoffers customizedsystemsthateffortlessly recordcustomerandstakeholderdata, facilitatingpersonalizedexperiences withminimalmanualintervention.

DigitalForms:Replacingtraditional paperformswithefficientmobile appsandforms,CCGoptimizesdata collectionprocesses,savingvaluable timeandresources.

DocumentManagement: Simplifyingdocumentstorageand retrieval,CCGprovidessecurecloudbasedsolutionswithversioncontrol andgranularaccessmanagement.

ElectronicSignatures:CCGenables approvalsandagreementsfromany locationthroughelectronicdocument signing,ensuringseamless workflows.

Email&Calendaring:CCG facilitatesconsistentcustomer engagementbyensuringsecure accesstoemailandcalendar functionsacrossdevices.

HumanResourceManagement: Fromrecruitmenttodevelopment, CCGaidsinharnessingan

organization’shumanresourcesfor competitiveadvantage.

OnlinePresence:CCGenhances visibilityandinteractionthrough professionallydesignedmobileresponsivewebsitesandsocialmedia engagement.

| September 2023 14

SocialEngagement:CCGhelpsclients monitorandengagewiththeirsocial mediapresence,fosteringmeaningful interactionswiththeiraudience.

Withakeenunderstandingthatminor adjustmentscanyieldsignificantresults,

CCGembodies“TheRippleEffect” philosophy Thisapproach, championedbyHopwood,advocates forgradual,impactfulchangetoavoid overwhelmingtransformationsand ensuretherealizationofdesired benefits.Thecompany’slogoisa

visualrepresentationof“TheRipple Effect,”depictingthecascadingimpact ofsmallchangesonalargerscale, reflectingCCG’scommitmentto measuredandmeaningful enhancements.

COVER
www.theenterpriseworld.com | 15
STORY

ProfessionalExperience

Hopwoodembarkedonaremarkable journeyofprofessionalgrowthfroma youngage.Hisentrepreneurialspirit ignitedat8,wherehesoughtto streamlineprocessesassociated repetativetaskssuchaslabeling sunscreentubsanddistributing

brochurestominimiseworkeffort whisltmaximisingtheearning capacity.Atjust12,heventuredinto entrepreneurshipbydistributing collectorcards,rapidlyturningitintoa profitableendeavorthatexceeded earningsofsomeadultswithinhis circle.

Thisearlysuccessshowcasedhis businessacumenandinnovative thinking.TransitioningtoITinhislate teens,Hopwoodcontributedtoglobal techgiantslikeSage,Microsoft,and Telstra.However,hismostnotable achievementsemergedfromfounding andnurturingsmallerconsultingfirms, withCCGasastandout accomplishment.Hopwood’sjourney exemplifiesalifelongcommitmentto entrepreneurialexcellence,innovation, andimpactfulleadership.

EntrepreneurialResponsibilities

Hopwoodhighlightsseveralkey responsibilitiesthatentrepreneurs shoulduphold.Attheforefrontis envisioningthecompany’sfuture trajectoryanddevisingacoherent strategytonavigatetowardthatvision. Thisstrategicapproachmustbe flexibleenoughtoadapttotheeverevolvingmarketlandscape, underscoringtheentrepreneur’s vigilantmonitoringofmarkettrends.

Integraltothisroleiscultivatingan organizationalculturealignedwiththe company’svalues.Hopwood emphasizesthatentrepreneursplaya pivotalroleinnotonlydefiningthe idealculturebutalsoexemplifying thesecorevaluesthroughtheiractions. Thisleadstotheorganicembodiment oftheenvisionedculturethroughout thecompany.

OvercomingCOVIDSetbacks

CCGencounteredsubstantialhurdles, prominentlyduringtheinitialstagesof theCOVID-19pandemic.Theonsetof thecrisispromptedthecancellationof numerousslatedprojects,including somealreadyunderway.The ramificationsweresignificant. However,thecompanyadeptly navigatedthesechallenges.Benefiting fromgovernmentassistancein Australia,theentireteammanagedto sustaintheircollaborativeefforts.This supportcushionedtheimpactand empoweredthemtoinnovateand

| September 2023 16

devisenovelserviceofferingsand operationalapproaches.

TriggeringPoint

Duringitsinitialformativeyears,CCG exhibitedsteadygrowth.However,the pivotalmomentthatpropelleditintoa newphasewassparkedbyHopwood’s shrewdbusinessdealings,backedbyhis successfultrackrecordinprevious ventures.Thecompanyfounditself inundatedwithrequeststosalvage businesssoftwareimplementationsthat hadfalteredunderthewatchofother providers.Unfortunately,thesoftware implementationlandscapewasriddled withthosewhooverpromiseandunderdeliver,resultingindelayedtimelines, increasedcosts,andsubstandard work—ultimatelybrandingmany implementationsasfailures.

Asthecompany’slistof accomplishmentsexpanded,sodidits credibility,erodingthehesitanceof partneringwithastartup.Hopwood’s networkeagerlyreengagedwitha trustedcollaboratorknownfor deliveringtop-tierserviceandremaining faithfultocommitments.Thissudden surgeinprojectsledtoanastonishing 300%growthforthecompanyinits thirdyear

EmbracingAIwithChatGPT

Inthesoftwaresolutionslandscape,a prominenttrendcentersonArtificial Intelligence(AI),notablytheapplication ofChatGPT.Thisdevelopmentprompts manyorganizationstoassessits implicationsfortheirworkforce. Concernsrangefrompotentialjob displacementtoexploringavenuesfor augmentingexistingservicesusingAI. FromCCG’sstandpoint,while recognizingvaryingimpactsacross industries,theprevailingsentimentis thatthisshifthaspositivepotential, amplifyingproductivity

LeveragingAI,specificallyChatGPT, emergesasavaluabletoolfor expeditingtaskssuchasdrafting

COVER STORY www.theenterpriseworld.com | 17

documents,emails,andsocialmedia posts.Anotableallyinthisjourneyis CCG’sprimarypartner,Zoho,which integratesChatGPTacrosstheirsuite ofapplications.Furthermore,Zoho’s AIengine,Zia,continuestoevolve, empoweringuserstocompose comprehensiveemailsandsocialposts fromscratch.Itexcelsatrefining language,perfectingtone,and rectifyinggrammaticalerrors.The company’schatbotcapabilitiesalso undergoenhancement,culminatingin anenricheduserexperienceforwebsite visitors.

Zoho’sinnovationextendsto optimizingengagementstrategies.By suggestingoptimalcontacttimesand additionalproductstooffer,users harnessthesebuilt-incapabilitiesto enhancetheirinteractionswith prospectsandclients.

CertifiedZohoPartner

CCGisacertifiedZohopartnerand standsoutthroughitsencompassing suiteofservices.Unlikenumerous Zohopartnerswithalimitedscope, CCGexcelsindesigning, implementing,andprovidingsupport forabroadarrayofZohoapplications. Thisdistinctiveapproachallows organizationstoharnessthefull potentialofZoho’sextensivelineup, includingthecomprehensiveZohoOne bundleencompassingover40essential businessapplications.

WhatsetsCCGapartisitsfocuson userexperience.Meretechnical fulfillmentofabusinessrequirementis insufficient;itmustalignseamlessly withuserinteractions.Atestamentto thisethosisevidentinCCG’s commitmenttostreamlineprocesses. Forinstance,ifaclientseekstosend monthlyreportstocustomers,CCG seekssimplicity.Whileotherpartners mightdeliveratechnicallysound solutionnecessitatingaconvoluted sequenceofclicks,CCGprioritizes userease.Thegoalistoensurea seamlessexperience,evenreducingthe

processtoasfewasthree clicks—minimizingcomplexityand enhancingusercomprehensionwithout extensivetraining.

OvercomingSocialMedia Challenges

Intoday’sbusinesslandscape,the prolongedexistenceofsocialmedia underscoresitspivotalrole.However, navigatingtheintricatesocialmedia networksandestablishingseamless, ongoingengagementremains challengingformanyorganizations. CCGrecognizesthisstruggleand offerstailoredsolutionstoaddress theseconcernsbolsteredbyZoho technology.Manyenterprisesarestill decipheringoptimalnetworksfortheir engagementstrategy.CCG’sexpertise guidestheminpinpointingthemost suitableZohoapplicationstoharness, alleviatingtheguesswork.The profoundsynergybetweenCCGand Zohotechnologysignificantly simplifiestheprocessofongoing engagement,culminatinginimpressive resultsforbusinesses.

SecuringDataandEarning Accolades

CCGplacesparamountimportanceon datasecurity,recognizingits significanceincontemporarysociety.It achievedISO27001certificationin August2021tounderscoreits dedicationtosafeguardingclientdata, showcasingitscommitmentto informationsecurityandrisk managementprocesses.Notably,CCG standsamongaselectgroupofsystems integratorsandconsultingfirmsin Australiatoattainthisprestigious certification.

BeyondISO27001,CCG’sexcellence isunderscoredbymultipleaccolades. Thecompanysecuredacovetedspotin APACCIOOutlook’sprestigiousTop 10CRMConsulting/Services Companiesin2019and2023. Furthermore,BusinessTalkMagazine acclaimedCCGamongthe“10Most

DynamicCompaniestoWatch”in 2021.ThisrecognitionatteststoCCG’s dynamicapproachtobusiness solutions.

CCG’sstellarreputationisfurther solidifiedthroughconsistent recognition.Thecompanyemergedas afinalistintheLocalBusinessAwards for2019,2020,2021,and2023, alongsideaccoladesintheAustralian SmallBusinessChampionsAwardsand theAustralianAchieverAwards.

KeytoSustainedTriumph

TheenduringprosperityofCCGfinds itscornerstoneintheunwavering integrityexhibitedbyitsentireteam. Amongmanycompetitorswhooften makegrandpromisesbutfallshortin delivery,CCGdistinguishesitselfby upholdingitscommitments.The company’scommitmenttomaintaining itswordwhileconsistentlydelivering exceptionalsolutionswithinbudgetary confineshascementeditsreputation forreliabilityandexcellence.This steadfastdedicationtointegrityhas propelledCCG’senduringsuccess.

StayingAhead:Responsiveto MarketDynamics

CCGmaintainsadynamicapproachto ensureitsofferingsremain synchronizedwiththeever-evolving marketplaceandcustomerdemands. CCG’scommitmentinvolvesongoing engagementwithZoho,facilitatinga reciprocalexchangeofinsightsfrom clientsandfirsthandexperiences.This collaborativefeedbackmechanism influencesenhancementstothe underlyingsoftware.ValuingCCG’s input,Zohohasacknowledgedtheir contributionsbyinductingtheminto theesteemedGlobalPartnerAdvisory Council.

Thisprivilegedpositionunderscores CCG’sroleinexpeditingZoho’s responsivenesstoshiftingmarket trendsandcustomerrequisites. Furthermore,CCGprioritizes

COVER STORY | September 2023 18
www.theenterpriseworld.com | 19

continuousimprovementinitsservice portfolio.Thisentailssolicitingclient andpartnernetworkinputandfrequent internalbrainstormingsessions.These effortsculminateinrefiningservice offeringstoalignmorecloselywith customerneeds.

FutureServices

CCGispoisedforafutureofstreamlined services.Itaimstosimplifypricingby designingstandardizedpackagesand expeditingclientROI.Simultaneously, CCGremainscommittedtoknowledge sharing,expandingfreeofferingsthrough onlineandin-personevents.This approachseekstoempowerclientswitha deeperunderstandingofZoho’sdiverse capabilities.

TransformingBusinesses,Empowering Success

CCGhasgarneredanarrayofresounding testimonialsthatstandasatestamentto itsexceptionalservicesacrossdiverse industries.

AsatisfiedRealEstateclientshared, “Following CCG’s adept implementation of our HR platform, our efficiency has skyrocketed. Mundane tasks such as form-filling and contract generation are now streamlined, liberating us to enhance our service quality.”

Fortheautomotivesector,amanufacturer ofpartsexpressedtheiracclaim,stating, “CCG’s ingenious integration between our CRM and finance system has revolutionized our operations. The resulting time savings for our sales and service teams have increased data accuracy and translated to significant cost reductions and expedited deliveries.”

AprominentclubextolledCCG’ssupport insports,remarking, “With unwavering assistance from CCG, we’ve catapulted our community engagement efforts and alleviated our volunteer committee’s weekly burdens.”

Keyachievements

Hopwoodreflectsonapivotal achievementthatreshapedtheIT landscapeduringtheearlystagesof hiscareer.Inaperiodwhere SoftwareasaService(SaaS)wasin itsinfancyandtraditionalon-premise solutionsdominated,Hopwoodsaw anopportunitytorevolutionizethe industry.Recognizingthehesitance ofsoftwarevendorstodepartfrom establishedon-premiserevenue models,Hopwoodembarkedona daringventure.Heintroducedan onlinehostedCRMsoftware application,uniquelyoffered monthlyandfreefromlong-term contracts.Thisdisruptiveapproach challengedconventionalthinkingand pricingstructures.

Hisstrategicgamblepaidoff remarkably.Clientsweredrawnto thecost-effectiveandrisk-minimal proposition,whichallowedaccessto aleadingCRMtoolwithoutthe burdenoftraditionalcommitments. Notably,theproduct’simmediate impactonbusinessescementedits value,resultinginrapidand substantialgrowthoftheclientbase. ThissuccesspositionedHopwood’s ventureasapremierCRMprovider inAustralia.Theexperiencebecame aguidingprincipleforHopwood, reinforcingtheimportanceofselfconfidenceandvaluedelivery.

EmployeeWell-being

Hopwoodplacesparamount importanceonnurturinghisteam’s well-being.Herecognizesthatthe collectiveeffortsoftheemployees arethecornerstoneofthecompany’s accomplishments,motivatinga robustapproachtotheircareand development.Hopwood’sphilosophy centersoncontinuouslearning, fosteringanenvironmentwhereeach teammember’sgrowthisprioritized. Thisextendsbeyondtherealmof software-relatedskills,encompassing

personalgrowth.Thecommitmentto holisticdevelopmentunderscoresthe company’sdedicationtoeach employee’sjourney.

Goingaboveandbeyond conventionalbenefits,CCG introducesuniqueinitiativesthat reflectthecompany’scultureand values.Adistinctiveapproach includesgrantingtimeoffworkfor volunteering,aligningwiththe company’sethosofsupporting communitycauses.Additionally,an innovativeconceptcalled“It’stoo goodtoworktoday”empowers employeestoseizemomentsof personaljoy Thisunplannedleave encouragesthemtorelishlife’s pleasureswithoutresortingtofaking illnesstotakeadayoff.Sharingthe experiencesoftheserejuvenating daysfostersasenseofcamaraderie andanticipationforthereturnof eachteammember

GuidanceforEmerging Entrepreneurs

Hopwoodimpartsinvaluableadvice tobuddingentrepreneurs.Hiswords encapsulatetheessenceofself-belief andpersistenceonthe entrepreneurialjourney.Hopwood’s coremessageistobelieveinoneself andpersevereagainstallodds.He underscorestheimportanceof recognizingtheinherentupsand downsintheentrepreneurialpathand howunwaveringdeterminationcan leadtosuccess.

Headvocatesseekingmentorsand engaginginnetworkinggroupsfor knowledge,notjusttomarketand sell.Hopwood’sguidance emphasizesthatknowledgeisthe ultimatekeytounlockingsuccess, reinforcingthesignificanceof continuouslearningandgrowth.

| September 2023 20
COVER STORY www.theenterpriseworld.com | 21
| September 2023 24
www.theenterpriseworld.com | 25

Mexicohasalwayspiquedtheinterestoftouristswithitsbeautifullyrichhistory,culturalroots,andglobally celebratedcuisine.Thecountryisalsonaturallyblessedinotherregards,suchasancientruins,breezybeaches, spectacularmountainsandcanyons,sandydeserts,anddeepforestsonlyaddtoitsbeauty

Thecountryisaparadisefortouristslookingtoembarkonexcitingplaces.However,ifyouareunsurewhether ornotyoushouldsvisitthisbeautifulcountry,youareattherightstartingpoint.Wewillhelpmakethatdecision easyforyou,let’sdivein!

| September 2023 26

Top3TouristAttractionsyou shouldVisit

Thecountryishometoanumberof spots,makingitapreferred destinationbytouristsalloverthe world.However,herearethree spotsyoushouldn’tmissifyou’re inthecountry:

Thecountryisknownforits numerousMayansites.And ChichenItzaisthemostrenowned andvisitedsitebylocalsandglobal tourists.Alludingtoits archaeologicalbeauty,ChichenItza wasdeclaredoneoftheSeven WondersoftheWorld.Despite beingbuiltsomewherearoundthe 19thand20thcenturies,the buildings,temples,andpalaces todayarestillinsurprisinglygood shape.

ThePyramidofKukulcan,akaEl Castillo,istheprimelandmarkthat oftencatchesthemostlimelightat ChichenItza.Unlikeother Pyramids,whatmakesituniqueis themixofthetempleterrace structuremadewithstonesand ChichenItza.Thetwo,when combined,createanillusionof serpentscrawlingonthesideofthe pyramid.

Whilethefoundersofthesemysteriouspyramidsare unknown,onethingyoucanbesureofistheir mesmerizingbeauty.Resided50kmawayfromthe northeastoftheCity,Teotihuacanusedtobehometo gigantictemples,palaces,squares,andstadia.Theword Teotihuacantranslatestobirthplaceofthegods,andthe Aztecswhonamedit,alsobelievedittobethestarting pointoftheuniverse.

Ifcrystal-clearbeachesareyourthing, thenTulumwillnotdisappointyou. Whetheryouarelookingtoexplore exquisitefoodoralcoholicbeverages, youwillfindbarsandrestaurantshere thatsuityourtasteadequately.However, beforevisitingTulum,itisworthnoting thattherearethreedifferentTulum, locatedatdifferentplacesthatarenot toofaryetnottooclosefromeachother. Toavoidanyslipup,herearethosethree types:

Ÿ TulumPueblo: Locatednearthe southoftheCobajunction,The TownCenterisoftencalledTulum Pueblo.

Ÿ TulumPlaya:Spreadacross10km oftheCaribbeancoastline,Tulum PlayaisalsoknownasZona Hotelera.

Ÿ TulumRuinas:Thisisthesite whereTulumMayanruinsreside.

1.ChichenItza 3.Teotihuacan 2.Tulum
www.theenterpriseworld.com | 27

ATrulyWorld-ClassMexican Cuisine

WhilefoodsinMexiconeedno Introduction,herearesomedishesthat wehavehandpickedthatyoushould notmiss:

Tacos

Tacoisthemostfamousdishinthe country,savoredglobally Ataco,in general,isanythingeatenonapieceof softtortilla.Whilethereareseveral typesoftacos,theclassiconeisgrilled overcoalandservedwithafillingof thinlyslicedmeat—ofyourchoice, toppedwithOnion,Guacamole,anda wedgeofLime.

2.Mole

Recognizedasthenationaldish,a Moleisatypeofsaucepreparedusing morethan20ingredientsandserved overchickenorturkey.Themolescan varydependingontheregionyouare visiting.However,themostcommon varietiesincluderedmole,greenmole, yellowmole,andblackmole.

3.ChileEnNogada

Preparedusingpoblanopeppers,the dishisstuffedwithamixtureofmeat, fruits,andnutsandpouredwitha smoothwalnutsauceontop.To creativelyshowcasethecolorsofthe Mexicanflag,thedishisoften garnishedwithpomegranateseedsand cilantro.

Guacamole

AswithTacos,Guacamoleisalsoone oftherenowneddishesrepresentatives ofMexicanfoodculture.Asthelargest producerofthefruit,Avocadosof Mexicoareusedtomakethedip,and it’sgenerallypairedwithtortillachips. Thename,Guacamole,stemsfromthe

Nahuatlword“ahuacamolli,”meaning “avocadosauce.”Thedishlovedbythe globalfoodiepopulationisamusthaveifyou’reinthecountry

5.Chocolate

Whilechocolatesfromcountrieslike SwitzerlandandBelgiumhavemadea nameforthemselves,notmanyknow thatthebirthplaceofChocolateis actuallyMexico.Atonestage, Chocolateswereusedasacurrency duetotheirhighperceivedvalueand haveplayedapartinreligious ceremonies.

Tabasco,oneoftheMexicanstates, producesaround70%ofthecountry’s cocoa.Chocolateloversvisitingcan takethingsfurtherastheyexplorethe localchocolatemuseums.That includestheMuseoDelChocolatein PueblaandtheMuseodeChocolate MayainRivieraMaya.

6.

Tequilaisonedrinkyoushouldcount ontoupgradeyourdrinkingpalette. TequilainMexicoisasubjective matter,however,ouradviceistofind theonethatsuitsyourtaste,andit shouldn’tbetoodifficulteitherwith manybrandstochoosefrom.

OriginatinginMexico,Tequilaismade withtheuseoftheblueagaveplant. Aninterestingfactabouttequilaisthat ithastobemadeinspecificregionsof thecountrytoearnthehonorofa Tequila.Theauthorizedpartsinclude Guanajuato,Jalisco,Michoacán, Nayarit,orTamaulipas.

isaMexican-bornFormulaOne RacingdriverrepresentingtheRed BullRacingTeam.Afteracareer kickstartwithcarting,Checoslowly madehiswayuptothepinnacleof motorsport,F1,withhisgritandtalent. WithFormulaOnegainingglobal popularity,Checo’sfanbaseisalso reachingnewhighs.Today,manyfans andpunditscallhimthe“Mexican MinisterofDefence”forshowcasing hissuperiordrivingskills.

SalmaHayekisarenownedMexican ActressborninCoatzacoalcos, Veracruz.Sheaspiredtobeanactor fromayoungage,androsetofame withhercharacterintheMexican telenovela“Teresa”in1989.Although shebeganwithrelativelysmallerroles, shelaterplayedcharactersin prominentfilmssuchasFrida, Desperado,andTraffic,andotherfilms, ashercareerprogressed.

CarlosSlimisaMexican-born entrepreneurwhooncetoppedthelist ofwealthiestpeopleintheworld.He hasamassedhiswealththrough contributionsinvarioussectorssuchas communications,insurance, construction,energy,mining,retailing, finance,andmore.

Formanyyears,aprimarypartofhis holdingwashisownershipofthe Mexicantelecommunicationcompany Teléfonos de México, alsoknownas Telmex.Inadditiontothat,hehasalso contributedtothephilanthropyfieldby foundinganot-for-profitartmuseum calledMuseoSoumaya.

JavierHernadez,alsolovingly nicknamed“Chicharito,”isafootballer

1. 4. Tequila 4RenownedPersonalitiesfrom Mexico 1.ChecoPerez SergioPerez,nicknamedChecoPerez, 2.SalmaHayek 3.CarlosSlim 4.JavierHernández
| September 2023 28
www.theenterpriseworld.com | 29

borninGuadalajara.Howdidhe gethisnickname?Chicharito, meaningpea,wasgiventohimfor hisgreeneyes.

Footballwasalwaysabigpartof Chicharito’sfamily,withhisfather andgrandfatherbothrepresenting theMexicanteamatanational level.Inhiscareer,hehas representedseveralworld-known clubssuchasManchesterUnited, RealMadrid,andSevilla,andthe latest—LAGalaxy

7Unheard-ofFactsaboutMexico

1.RealNameofMexico

Whilealmosteveryonecallsit Mexico,thecountry’sofficialname isEstadosUnidosMexicanosor theUnitedMexicanStates.

2.HairlessDogofMexico

ConsideredsacredbybothAztecs andMayan,Xoloitzcuintlehas beenanintegralpartofMexican culture.Itsnamecomesfrom Xolotl,godoflightninganddeath, anditzcuintli,whichmeansdog. TheAztecsheldabeliefthatthis dogwascreatedbythegodto protectlivingbeingsandguidethe soulsofthedeadthroughMictlán, knownastheunderworldof Aztecs.

3.Don’tShave&Drive

In2008asasafetymeasure,the MexicancityofTorreonstarted penalizingpeoplewhoputon make-uporshavedtheirbeards withelectricrazors,whilethey drovetheirvehicles simultaneously.Don’tsaywe didn’ttellyouandmakesureyou don’tshaveanddriveordoyour makeupwhenyouvisit.

4.

Most-VisitedInLatinAmerica

AreportbytheWorldTourism OrganizationplacedMexicointhe 10thspot,alludingthatitisthemost visitedLatinAmericancountry,with themostnumberofglobalvisitors.

5.WorldCultureHeritageCuisine

ItisnosecretthatMexicancuisineis oneofthemostlovedcuisineinthe world.Asatestamenttotheglobal adoration,itwasdeclaredaglobal culturalheritage,withafeaturein UNESCO’sIntangibleHeritageof Humanitylist.

6.35WorldHeritageSites

OnthelistofUNESCO’sWorld HeritageSites,thecountryranks seventhwithatotalof35World HeritageSites.Thosesitesinclude varioustouristattractionssuchasruins, mines,canals,andmore.

7.NotaSingleOfficialLanguage

That’sright,whileSpanishisthe country’sdominantlanguage,Mexico doesnothaveasinglenational language.However,the60-plus languagesusedacrossthecountryare nothingbutatestamenttothecountry’s diversity

OurVerdict

WhileavisitbetweenNovemberto Marchisideal,eveninothermonths, Mexicoisstillafascinatingplacetobe in.Fromitsgobsmackingfood,world heritagesites,andscenicnatural beautytothewelcomingnatureofthe locals,Mexicoisoneofthemost iconicglobaldestinationsthatone shouldvisitatleastonceintheir lifetime.

| September 2023 30
www.theenterpriseworld.com | 31
| September 2023 34
www.theenterpriseworld.com | 35

ItwasalazySundayevening,andIliterallyhadnothingtodo,so oneofmyroommatesaskedmetogowindowshoppingatthenew mall.Afterenteringthemall,Istartedcheckingoutthesefashion brands:Armani,Prada,Burberry,Levi's,Gucci,etc.,andGucci's uniquelogo,GG,capturedmyattention.Ifounditinterestingand exclusive,asotherbrandsexplicitlytalkabouttheirnames, whereasGucci'ssymbolincludedadoubleG.Iimmediatelyranto mybestfriend(obviously,notmyroommate),Google,and researchedit.

That'showIgottoknowaboutGucci.Sinceitisapopularluxury fashionbrand,andIwasatthemallonlyforwindowshopping,I didnotmakeanefforttogoandcheckoutGucciproducts.Gucci bags,Guccishoes,Guccisunglasses,Gucciperfume,etc.,are famous,andforsomeofus,theyaresomethingwecanonlydream ofbuyingonceinalifetime.However,manycelebritiesand aristocratsareloyalcustomersofthebrand.Thismademethink, whatissospecialaboutGucci?Well,Ihavetriedtoexplainhere whatIdiscovered.Inthisarticle,youwilllearnwhatmadeGucci successfulandpopularamongtheelite.

| September 2023 36

TheMostRenownedandInfluentialFashionBrand

In1921,GuccioGuccifoundedanItalianluxuryfashionbrandcalled Gucci.Today,itisoneofthemostrenownedandinfluentialfashion brands.Inthissection,youwilldelveintothejourneyofGucciand learnwhatmadethebrandsuccessful.

• GuccioGucciestablishedthebrandaspurelyleathergoodsoriented,whichgainedpopularityamongtheelitesocietyandthe affluentclass.Afterhisdeath,hissonsexpandedthebusiness, openingnewstoresinMilanandNewYorkCity.

• Inthe1960s,thebrandlaunchedanewlogothatfeatureda double-G,gaininginternationalrecognitionandbecominga favoriteamongcelebrities.

• After20years,in1980,Gucciexperiencedadeclineinproduct qualityduetoafamilycrisis.However,thebrandneverlostits elevatedstatusinthefashionindustry.Itsfortunetookaturn whenTomFord,anAmericandesigner,becamethecreative directorofGucci.

www.theenterpriseworld.com | 37

• UnderFord'sguidance,Gucci experiencedaremarkable resurgenceandexpandedits productrange.Thebrandbecame knownforitsprovocativeand boundary-pushingadvertising campaigns,whichincludedthe "Flora"scarfandthe"Bamboo" bag.

• In2004,whenFridaGiannini tookoverascreativedirector,she embracedGucci'sheritageby infusingacontemporaryand femininetouchintothedesigns.

• Today,Gucciisoneofthe leadingluxuryfashionbrandsin theworld.Itsinfluencehas expandedbeyondthefashion world,becomingasymbolofan elitelifestyle.Thebrandhas enteredtherealmsofhomedecor, beauty,andevenrestaurants.

TheMostAdvancedMarketing Strategies

Guccihasconsistentlymetits commitmenttoconsistentinnovation andluxuriousofferings.Itisan emblemofItalianluxury, craftsmanship,andcreativity.Itsrich historyandabilitytoevolvewiththe timeshavesecureditspositionasone ofthemostcovetedbrandsinthe fashionindustry Thebrandhas employedavarietyofmarketing strategiestoreachthenumberone position.Someofthemareas follows:

• Guccihascarefullycraftedits brandimage,combining innovationandItalianheritage. Mostofitsadcampaignsentail inspiringstoriesofthebrand, runwayshows,collaborations, andcreatingacompelling lifestylearoundthebrand.

• Thebrandcombinesclassicdesigns withcontemporaryelements, distinctiveprints,andunexpected details,settingitapartfromits competitorsandmaintainingits alluretokeepcustomersengaged.

• Gucciembracessocialmediato stayintouchwithglobalclientsand maintainsastrongpresenceon platformslikeInstagram,Twitter, YouTube,etc.Ithaspartneredwith socialmediainfluencersand celebritiestoattractyoung audiences.

• Inthepast,Guccihassuccessfully collaboratedwithdesigners,artists, andbrandsfromvariousfieldsto createlimited-editionproductsand collections.

• Guccihasprioritizedsocial responsibilityandsustainability rightfromthestartbysupporting philanthropicactivities.Youmight haveheardoftheGucci ChangemakersProgram,which promotesdiversityandinclusivity withinthefashionindustry

Thesearethestrongbrandmarketing strategiesatwhichGuccihasexcelled. Thebrandhasmaintaineditsstrong brandidentity,embracedinnovation, andengagedwithconsumersthrough compellingstorytelling.

GlamorousGucciProducts

Guccicaterstoawiderangeof products,includingfashion,accessories, footwear,beauty,andhomedecor.Let's diveintotheoceanoftheseproducts andexplorehowfarGuccihascomein theindustry:

1. Handbags and accessories: You mighthaveseenGuccibagsinany femaleaccessoriesstore.Inthelate 1950s,Guccibecamepopularfor

itsbamboo-handledbags, whichfeaturednaturalbamboo handlesandleatherexteriors. Guccibagsbecameasymbol ofeleganceinthatera,and soontheylaunchedthe'Flora' feature,showcasingvibrant floralpatterns.Guccihas capturedthemarketforbelts, sunglasses,jewelry,etc.

2. Ready-to-wear clothing: Gucci offersacombinationofluxury andfashion-forwarddesigns.In the1970s,Guccibecame famousforitsiconic'GG'logo, whichwasfeaturedonclothing itemslikedresses,jackets, shirts,etc.Eclecticlayering andvibrantcolorsmade Gucci'sclothingcollection standoutfromothers.

3. Footwear: Guccishoesarethe mostpopularamongcelebrity consumers.However,Gucci hasawidefootwearcollection thatgoesbeyondshoesand includeshorse-bitloafers, whichwereintroducedinthe 1950s.Theywere acknowledgedasiconicpieces offootwear,recognizedfor theirtimelesseleganceand signaturehorse-bithardware. Theseloafershaveremained popularandhavebeen reinventedinvariousmaterials andfinishes.

4. Beauty Products: Thisis somethingunusualforany fashionbrand,asbeauty productspredominantly dominatethecosmeticindustry However,Gucciisan exception.Ithaslaunched men'sandwomen'sperfumes, knownfortheirunique fragrances.Theproductshave capturedtheessenceofthe

| September 2023 38
www.theenterpriseworld.com | 39

1. brandandGuccihasalsolaunched makeupproductswithexcitingcolorsand uniquescents.

2. HomeDecorandLifestyle:Guccihas expandedintothefieldofhomedecorto createaluxuriousandstylishliving environment.Itscollectionincludes furniture,tableware,decorativeobjects, andtextiles.TheseGucciproductsfeature vibrantdesignsthatcanelevatethe lifestyleoftheirconsumers.

Gucciproductshaveevolvedovertime, blendingtimelesselegancewithinnovative andlatestdesigns.Fromitsiconichandbags andaccessoriestoitsready-to-wearclothing andfurniture,Guccifulfillsitscommitmentto customersbyofferinguniqueandluxurious products.

OvercomingChallenges

Everybrandthathasmadeitbiginthemarket hasfacedseveralchallenges,andGucciisno exception.Ithadtoovercomevarious difficultiestostabilizeitsbusinessinthe internationalmarket.Apartfromthe aforementionedchallengeofdeclining productqualityduetoafamilycrisis,the brandhasfacedseveralotherdifficultiesonits journey.

• Overexposure:Inthe1990s,Guccifaced challengesregardingbranddilutionand overexposure.Duetotheexcessiveuseof the'GG'logoonvariousproducts, associatedwithagaudyandtacky aesthetic,Guccisufferedlossesinthe market.Gucciproductswerewidely copiedandfabricatedduetotheir overexposure,whichimpactedthe exclusivenessofthebrand.

• Declineinsales:Guccifacedfinancial difficultiesduetoadeclineinsalesasthe brandstruggledtocompetewithother fashionbrands.CustomersfoundGucci productsoutdatedandlackinginnovation, leadingtoalossofitsloyalcustomer base.Toenhancetheirdefinitionofa

standardlifestyle,manycustomers turnedtootherbrands.

• Lackofcreativityanddirection: BeforeTomFordwasappointedas creativedirector,Gucciencountereda lackofcreativityanddirection.This putthebrandatasubstantialrevenue lossanddamageditsreputation. Furthermore,Guccihadtofight againstcounterfeitersandtake significanteffortstoprotectits intellectualpropertyrights.

• Balancinglegacyandmodernity: Gucci,asahistoricbrand,facedthe challengeofbalancingitslegacyand heritagewiththedemandsofthe modernworld.Ifithadchosentostick toitslegacyandheritage,itrisked losingyoungerconsumerswhosought updatedproductswithmoderndesigns. Guccimadethedecisiontoembrace moderndesignsandattractnew consumers,evenifitmeantgiving someinjusticetoitslegacy.

Despitethesechallengesandstruggles, Guccihasemergedasoneofthetopmost brandsinthemarkettoday.Keyfigures suchasTomFord,FridaGiannini,and AlessandroMicheleplayedcrucialrolesin bringingGuccitothepositionitholdsnow. Eachofthemcontributedtoreestablishing Gucciasaninfluentialbrandinthefashion industry

Inconclusion,Gucci'sjourneytobecoming theluxurysymbolofthefashionindustry canbeattributedtoseveralfactors.The brand'srichhistory,theintroductionof iconicdesignslikethedouble-Glogo, successfulcollaborations,advanced marketingstrategies,andawiderangeof glamorousproductshaveallplayedarole initssuccess.Despitefacingchallenges andsetbacks,Guccihasconsistently adaptedandevolvedtomeetthechanging demandsofthemarket,maintainingits allureandexclusivityamongelite consumers.

| September 2023 40

FAQs

WhoOwnsGucci?

Currently,theFrenchluxurygroupKeringownsGucciwhich purchasedan$8.8billionstakeintheiconicItalianfashionbrand in2004.ArtémisisKering’sleadingshareholderwhoholdsa majorityshareinthecountrythroughtheparentorganization.

WhatdoesGuccimeanactually?

Guccihasbecomethesymbolofnotjustfashionluxurybutalsoa commonformofslang.Thoughitisthenameofthefounder,ina commonvernacularlanguageitexplainssomethinglike‘doing well’.Youmighthaveobservedhowfamousrappersandsingers oftenuseitintheirmusiccompositions.ItinterpretsGucci’s historywithboldnessandopulence.

WhatisthemeaningofGucci’slogo?

GGasGucci’slogoisregardedasthefanciestsymbolintermsof branding.AldoGuccidesignedthelogointhememoryofhis father TheuseoftwoGinthelogosignifiestheinitialsofGuccio Gucci,founderofthecompany.

WhichGucciwasmurdered?

MaurizioGucci,anItalianbusinessmanwasonceheadofthe Guccifashionhouse.Hewasthegrandsonofthecompany’s founderGuccioGucciandsonofactorRodolfoGucci.Hewas murderedbyahitmanhiredbyhisformerwifePatriziaReggiani on27March1995.

WhatisGucci'suniquesellingpoint?

Likeeveryotherorganization,Guccihasauniquesellingpoint,its unparalleledcraftsmanship.Lip-flops,shoes,andbeltsarethetop threeGucciproductsexploredbycustomers.Itsbrandvalueis $12.7billionandtheexclusivequalityofbeingrecognizedatthe internationallevelenhancesitssales.

www.theenterpriseworld.com | 41
| September 2023 42
www.theenterpriseworld.com | 43

Propertyinvestmentcanbeincredibly beneficial.Inthemodernage,itcanbe advantageoustohaveadiverse investmentportfolio,consistingof stocks,bonds,andotherinvestments. Thisincludesproperty.Ifyouare interestedinpropertyinvestment,be suretocheckoutinvestmentproperty manchester.

Thoughpropertyinvestmentcanbe incrediblylucrative,itcanalsobe ratherrisky.Itwillrequireplentyof hardworkandresearch.Ifyouarenew totheworldofpropertyinvestment,

Hereare5fantastictipsforproperty investment:

1.DoYourResearch

Beforeyoustartyourpartyinvestment journey,youneedtoensurethatyou haveafirmunderstandingofthe industry.Thiswillrequirebeginnersto startbydoingplentyofresearch.It's recommendedthatyouresearchthe followingareasbeforeyoustart investing:

Ÿ Whatpropertyinvestmentis.

Ÿ Howyoucaninvestindifferent properties.

Ÿ Thedifferenttypesofproperties. Thisknowledgecanbegainedthrough thoroughresearch,whichyoucan primarilygetfromonlineresources. Foramoreprofessionalguide,you mightwishtoconsulttheaidofa propertyinvestmentadvisor

2.ConsiderTheArea

Thelocationofthepropertyisoneof themostimportantconsiderationsin determiningwhetherornotan investmentisgood.Toensurethatthe propertyisaworthwhileinvestment, youneedtoresearchwhetherthe neighborhoodisdesirable.

Desirableresidentialneighborhoodswill likelybelocatednearrestaurants, schools,spotsofnaturalbeauty,and otherfacilities.Meanwhile,business propertiesshouldbelocatedinpopular areas.

Propertyinvestmentcanbeincredibly beneficial.Inthemodernage,itcanbe advantageoustohaveadiverse investmentportfolio,consistingof stocks,bonds,andotherinvestments. Thisincludesproperty.Ifyouare interestedinpropertyinvestment,besure tocheckoutinvestmentproperty manchester.

Thoughpropertyinvestmentcanbe incrediblylucrative,itcanalsoberather risky.Itwillrequireplentyofhardwork andresearch.Ifyouarenewtotheworld ofpropertyinvestment,

Hereare5fantastictipsforproperty investment:

1.DoYourResearch

Beforeyoustartyourpartyinvestment journey,youneedtoensurethatyouhave afirmunderstandingoftheindustry This willrequirebeginnerstostartbydoing plentyofresearch.It'srecommendedthat youresearchthefollowingareasbefore youstartinvesting:

Ÿ Whatpropertyinvestmentis.

Ÿ Howyoucaninvestindifferent properties.

Ÿ Thedifferenttypesofproperties. Thisknowledgecanbegainedthrough thoroughresearch,whichyoucan primarilygetfromonlineresources.For amoreprofessionalguide,youmight wishtoconsulttheaidofaproperty investmentadvisor

2.ConsiderTheArea

Thelocationofthepropertyisoneofthe mostimportantconsiderationsin

determiningwhetherornotan investmentisgood.Toensurethatthe propertyisaworthwhileinvestment, youneedtoresearchwhetherthe neighborhoodisdesirable.

Desirableresidentialneighborhoods willlikelybelocatednearrestaurants, schools,spotsofnaturalbeauty,and otherfacilities.Meanwhile,business propertiesshouldbelocatedinpopular areas.

Inparticular,youshouldaimtoinvest inup-and-comingareas.Thisrefersto areasthathavewitnessedanincrease inpopularity.It’simportanttoresearch whethertheareaisup-and-coming,as thiscanbechallengingtopredict.

Beforebuyingapropertyinanarea, youshoulddoyourresearch.Thiswill includeresearchingthecompetitionin thelocation.

3.ThinkAboutTheTypeOf Property

Thereareafewdifferenttypesof propertiesthatyoucaninvestin. Differenttypesofpropertieswillbe associatedwithdifferentadvantages anddisadvantageswhichshouldbe consideredwhendeterminingwhether ornottheseinvestmentsareagood choice.

Residentialpropertiesaregreatfor renting.However,youcanalsouse themasvacationpropertiesifdesired. Meanwhile,commercialpropertieswill bebestsuitedtobusinessesthatwish tousetheproperty.

Whenconsideringthetypeofproperty, youalsoneedtoconsideritsstate. Thesecategoriescaninclude refurbishedproperties,new-build properties,andoff-planproperties. Anoff-planpropertyreferstoa propertythathasnotyetbeenfinished. Asaresult,itwillstillbeinthe

| September 2023 44

constructionphase.Anadvantageofthis propertyvarietyisthatyouwilloftensave money Yet,anadvantageisthatyouwon'tsee thepropertybeforeinvestinginit.

Refurbishedpropertieshavebeenpurchasedand renovatedtogiveitamoremodernaesthetic.It canbecostlytorenovateaproperty,thoughthis canmassivelyincreaseitsvalue.Finally,anewbuildisapropertythathasbeenrecently finished,namelywithinthelastcoupleofyears.

4.CreateAThoroughBudgetPlan

Partofthereasonwhypropertyinvestmentisso riskyisbecauseofthehighcostsassociated withit.Thiswillincludenotonlytheupfront costofthepropertybutalsoadditionalcoststhat youmaynotrealize.Thiscanincluderegular maintenanceoftheproperty,utilitybills,and legalfees.

Topreventyourselffromoverspendingona property,itisadvisedthatyoucreateadetailed budgetplan.Whenconsideringaninvestment, youshouldresearchallofthedifferentcoststhat youwillneedtocover

Ensurethatyouaddalittleleewayfor unexpectedexpenses.Iftheseexpensesaretoo substantial,youmightwanttoreconsiderthe investment.

5.TakeTheRisksIntoAccount

Lastbutnotleast,youneedtoweighupthepros andconsofpropertyinvestmentwhen consideringdifferentopportunities.Additionally, youshouldtakestepstominimizetheserisks wheninvestinginproperty.Someoftherisksof investinginpropertiesinclude:

Ÿ Fluctuatingprices

Ÿ Irresponsibletenants

Ÿ Unexpectedcosts

Bytakingtheserisksintoaccount,youcan ensurethatyourinvestmenthasthebestchance ofsuccess.Iftherisksforaparticular investmentaretoosubstantial,thisisan indicationthattheinvestmentmightnotbeideal foryou.

www.theenterpriseworld.com | 45

REVIEW

Ÿ Establishment Year: 2017

Ÿ Founder: Zeb Evans and Alex Yurkowski

Ÿ Headquartered: San Diego, California

No. of Employees: 1000

Ÿ Website:

| September 2023 48
www.theenterpriseworld.com | 49
| September 2023 50
STORIES TOLD WITH A NEW PERSPECTIVE! # www.theenterpriseworld.com
Follow Us On: w w w . t h e e n t e r p r i s e w o r l d . c o m

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.