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A commercial steam table is an indispensable piece of equipment in the food service industry. Used primarily in buffet-style dining settings and commercial kitchens, these tables use steam or heated water to keep cooked food at the optimal serving temperature. Commercial Steam Tables Commercial steam tables, or buffet steam tables, are designed to keep prepared food at safe serving temperatures for extended periods. Using either electric heat or gas, they heat water to produce steam surrounding the food pans, keeping food warm without further cooking. They are most commonly found in establishments that need to maintain food temperature over a period, such as in buffet lines, cafeterias, and catering events. These tables consist of wells where water is heated to create steam. Above these wells, food pans containing the prepared food are placed. The steam that rises from the wells envelops the food pans, maintaining the temperature of the food. The benefit of this method is that it prevents food from drying out, which can occur with dry heat methods. Steam tables are available in various sizes and designs, with some having two or more compartments to simultaneously hold different types of food. Some models also include storage bins underneath for added convenience, enabling the efficient organization of supplies. Whether serving lasagna or stir-fried vegetables, commercial steam tables ensure that your food remains at the ideal temperature and texture. The primary purpose of commercial steam tables is to keep food warm while preserving its quality. Unlike other methods that continue to cook food while keeping it warm, steam tables eliminate this problem, ensuring that the food remains at the correct serving temperature without becoming overcooked. This makes them an ideal choice for commercial food-serving establishments. Best Commercial Steam Table Picks for Your Business Keep the foods you serve at your place of business warm with these commercial steam tables, now available on Amazon. FeatureTop Pick: Worcest 6 Pan Commercial Steam Table Food WarmerRunner Up: Leblett Commercial Countertop Steam Table with Temperature ControlBest Value: VEVOR Commercial Electric 4-Pot Steam Table Food Warmer BrandWorcestLeblettVEVOR ColorStainless SteelStainless Steel and GlassAll Stainless Steel MaterialStainless Steel201 Stainless Steel304 Stainless Steel Voltage110 Volts110V/ 60Hz110V/60Hz Wattage1500 watts1.2kW2000 W Number of Food Pans664 Capacity16 Qt/15LTotal Capacity: 36L/ 38QtEach Pan Capacity: 22L/5.8 gals Temperature Range86-185℉/30-85℃30-85℃/ 86-185℉0-100℃/0-212℉ Anti-Dry-Boll Button DesignYesYes- Safety FeaturesETL, CE ROHS certifiedPrevents dry burning- Adjustable TemperatureYesYesYes Worcest 6 Pan Commercial Steam Table Food Warmer Key Features: High Capacity: With 6 compartments and included lids, this food warmer provides a total capacity of 16 Qt/15L, accommodating all your food heating requirements. Thermostatic Adjustment Design: The adjustable knob allows you to easily control the temperature within the range of 86-185°F/30-85°C. This thermostatic temperature control guarantees a consistent temperature throughout the unit, helping to save energy while keeping your food warm. Anti-Dry-Boll Button Design: The food heater includes an anti-dry button that automatically stops dry-boiling when the water is depleted. Simply add water and press the button to restart the heating process. Cleaning is also convenient, with a built-in faucet for easy water drainage. Food-Grade Safety Stainless Steel: Crafted from food-grade 304 stainless steel, this steam table is resistant to rust and corrosion. The thickened wall adds sturdiness and durability, ensuring long-lasting performance. The product is certified ETL, CE, and ROHS for supreme quality and safe use. Wide Applications: Ideal for restaurants, canteens, catering services, and other high-demand food establishments, this electric food warmer is a versatile choice for keeping and heating food efficiently. Worcest 6 Pan Commercial Steam Table Food Warmer Buy on Amazon Leblett Commercial Countertop Steam Table with Temperature Control Key Features: Maintain Optimal Taste: This steam table efficiently heats food with hot water, retaining heat and freshness for longer durations compared to traditional alcohol-heated warmers. Enjoy your food at the perfect temperature, preserving its taste and quality. High Safety: Preventing dry burning, the steam table automatically shuts off power when water levels are insufficient, ensuring safe and worry-free operation. Large Capacity: With six 6L/6.3Qt pans, this commercial steam table provides ample space for holding significant quantities of food, effectively meeting your customers’ needs. Temperature Adjustable: Easily adjust the temperature with the control knob, offering a range of 30-85?/86-185? to suit different food requirements. Constant Temperature Function: The commercial steam table features an automatic constant temperature function that stops heating once the desired temperature is achieved and resumes as necessary, ensuring food remains at a consistent temperature. High Efficiency: Featuring a 1.2kW power output and a U-shaped heating element, this commercial steam table quickly and uniformly heats food, guaranteeing effective food preparation. Easy to Use: Add water to the bottom of the food warmer, load your food, and plug in the electricity to start using—no complicated processes or setup required. Customer Service: We are committed to providing quality products and excellent service. If you encounter any issues, please get in touch with us, and we will promptly assist you. Leblett Commercial Countertop Steam Table with Temperature Control Buy on Amazon VEVOR Commercial Electric 4-Pot Steam Table Food Warmer Key Features: All Stainless Steel Construction: The heavy-duty stainless steel structure ensures robust sturdiness and longevity, with all parts in contact with food made of food-grade material for added safety and hygiene. Four Full-Size Pans: This steam table can accommodate four 1/1-size, 6″ deep food pans, allowing you to separate different foods and maintain their original flavors. Adjustable Temperature: Easily set the temperature between 0-100°(0-212?) using the rotary knob, ensuring your food is kept at the ideal temperature. Please note that this steam table is intended for dry use. Fast Heating: The well-designed thickened heating tube provides rapid and even heating, maximizing efficiency and ensuring quick heat transfer for your food. 2 Lockable Wheels: Equipped with 360-degree rotation lockable wheels and a side handle, the steam table offers easy movement and secure placement, allowing you to position it conveniently in your kitchen. Cutting Side Table & Under Shelf: The included poly cutting board provides an extra workspace for ingredient preparation, while the practical under-shelf offers storage space for utensils, food pans, and other essentials. VEVOR Commercial Electric 4-Pot Steam Table Food Warmer Buy on Amazon ROVSUN 42.3QT 4-Pan Electric Commercial Steam Table Key Features: Premium Quality: Constructed with high-grade stainless steel for durability, corrosion resistance, and food safety. Large Capacity: Features a 42.3QT capacity with four compartments and lids, providing ample space for various food items. Humanized Design: Equipped with a convenient faucet for easy operation and cleaning. Long-term insulation preserves the delicious taste of the food. Adjustable Temperature: Easily adjust the temperature from 86-185?/30-85? to quickly heat up your food and keep it at the ideal temperature. Versatile Applications: Suitable for nacho cheese, chicken wings, stews, eggs, porridge, soup, chili beans, milk, and more. Ideal for restaurants, catering, parties, cafeterias, and other events. ROVSUN 42.3QT 4-Pan Electric Commercial Steam Table Buy on Amazon SYBO Commercial Grade Stainless Steel Food Warmer Steam Table Key Features: Large capacity pan with compartments and lid included Durable food-grade 304 stainless steel construction Interchangeable design for easy replacement ETL, CE, and ROHS certified for commercial use Automatic shut-off and keep-warm function for convenience 2-year new replacement warranty for peace of mind SYBO Commercial Grade Stainless Steel Food Warmer Steam Table Buy on Amazon VBENLEM Commercial Electric Food Warmer 3 Pot Steam Table Key Features: High-quality food-grade stainless steel construction Three-well pans with lids for holding full-size food pans Individual temperature control for each well Foldable cutting board for extra workspace Practical under shelf for storage of utensils and food pans Wide application in restaurants, canteens, fast food establishments, and more Fast heating with efficient heat transfer Foldable side table for additional workspace VBENLEM Commercial Electric Food Warmer 3 Pot Steam Table Buy on Amazon TAIMIKO Food Warmer Buffet Steam Table Key Features: Large capacity pan with six compartments and lid included Durable stainless steel construction for easy cleaning and long-lasting performance Adjustable temperature control for personalized warming Fast heating stainless steel U-shaped heating tube for efficient heat transfer Suitable for various occasions, including family gatherings, parties, and commercial use Easy-to-clean design with a drain tap for effortless maintenance TAIMIKO Food Warmer Buffet Steam Table Buy on Amazon Cadco WTBS-2RT Countertop Buffet Warmer Key Features: 2 half-size steam pans: Allows you to serve a variety of dishes simultaneously. Variable heat control: Temperature range of 155°F – 205°F for precise heat adjustment. Removable pans and pan holders: Easy to clean and customize according to your serving needs. Warming shelf base: Provides additional space for warming or serving. Cool-touch handles: Ensures safe handling during operation. Stainless steel construction: Offers durability and a sleek appearance. Non-skid feet: Ensures stability and prevents slipping on countertops. Cadco WTBS-2RT Countertop Buffet Warmer Buy on Amazon Sabary Electric Commercial Stainless Steel Food Warmer Key Features: 32 Qt Large Capacity with 6 Compartments: Ideal for keeping a variety of dishes warm and ready to serve. Solid and Rustproof Stainless Steel Construction: Ensures durability and reliability, keeping your food warm for a long time. Temperature Control with Anti-Dry Burning System: Provides even heating and automatically stops heating when the water level is low. Easy to Clean: Features a tap for draining excess liquid, making cleaning effortless. Widely Applicable: Suitable for office cafeterias, school cafeterias, birthday parties, restaurants, and more. Sabary Electric Commercial Stainless Steel Food Warmer Buy on Amazon TECHTONGDA Propane Gas Steam Heater Key Features: Uniform Heating & Durability: Made of stainless steel 304, this food warmer ensures uniform heating and offers a long service life. Propane Gas Operation: Easily control the temperature with the gas regulator valve and adjust the inlet flow. Note that the machine cannot be used on flammable material. Large Capacity: With 8 wells and a generous size of 13″10.5″4″ (32.5cm26.5cm10cm) for each container, you can conveniently pack a variety of dishes, including soups. Simple Operation: The easy-to-use button and clear indicator light make operation hassle-free. Package & Content: The wooden box and foam packaging provide additional safety, and the package includes a heating tank and matching lid. TECHTONGDA Propane Gas Steam Heater Buy on Amazon Importance and Applications of Commercial Steam Tables Commercial steam tables are essential for businesses that need to maintain the temperature of prepared food for long periods. From buffets and cafeterias to banquet halls and catering companies, these units enable large quantities of food to be kept warm and ready to serve. They are designed to be robust and durable, capable of withstanding the rigors of a busy commercial kitchen. In addition to their primary function of keeping food warm, steam tables also contribute to an efficient workflow in the kitchen. Some models come equipped with storage bins underneath, allowing for the convenient storage of additional food pans, utensils, or other necessary supplies. This feature can significantly improve the organization and efficiency of a commercial kitchen, making the service process smoother and faster. Furthermore, commercial steam tables also play an important role in ensuring food safety. By maintaining food at a temperature above the “danger zone” (between 40°F and 140°F, where bacteria grow most rapidly), steam tables help to prevent foodborne illnesses. This is especially critical in buffet settings, where food is exposed for extended periods. From a customer’s perspective, steam tables also improve the dining experience. Food kept at the right temperature tastes better and has a more appealing texture. Whether in a restaurant, a catered event, or a school cafeteria, a commercial steam table ensures that the food served is not just safe but also delicious and enjoyable. Different Types of Commercial Steam Tables Several types of commercial steam tables are available in the market, each designed to meet specific needs. The most common types are gas steam tables and electric steam tables. As their names suggest, gas steam tables use propane or natural gas as a heat source, while electric steam tables use electricity. Gas steam tables are often preferred for their high heat output and quick recovery times. They are ideal for use in environments where access to electricity may be limited or in establishments that already utilize gas for other tasks. Structure and Design of Commercial Steam Tables The structure and design of commercial steam tables differ based on the specific requirements of an establishment. Nevertheless, there are several standard components that constitute these units. This section will cover the essential components, the materials utilized in their construction, and the variations in design depending on the manufacturer and model. Key Components of a Commercial Steam Table A commercial steam table comprises heating elements, wells or compartments, a water pan, and food pans. The heating elements, powered by gas or electricity, heat the water in the well or compartment to produce steam. This steam then envelops the food pans placed above, keeping the food warm. The compartments or wells in a steam table are designed to hold water and create a steam environment for the food pans. They are typically lined with spillage pans, which collect any food or liquid that may drip or spill from the food pans, ensuring that it doesn’t contaminate the water or other foods. The food pans are shallow, rectangular trays that sit above the steam wells and hold the food items. They are designed to transfer heat evenly across their surface, ensuring uniform food heating. Some steam tables also feature a sneeze guard or protective shield to protect food from airborne contaminants. Finally, some steam tables have storage bins underneath the wells. These bins provide additional storage space for spare food pans, utensils, or other supplies, adding to the efficiency and convenience of the steam table setup. How Commercial Steam Tables Work Commercial steam tables utilize steam heat to maintain the temperature of cooked food for extended periods. This section will examine the heating process, the variations in heating techniques, and how steam tables ensure food stays safe and of high quality. The Heating Process Commercial steam tables keep food warm by using water to create steam that heats the food pans from below. Here’s how it works: the steam table wells are filled with water, then the heating elements, either electric or gas, heat the water until it turns into steam—the steam envelopes the food pans, warming the food evenly and efficiently. The efficiency of heating food using steam comes from the fact that steam transfers heat better than dry air. This results in the food maintaining its temperature without becoming dry or overcooked, as can happen with other warming methods. The moisture also helps to preserve the food’s flavor and texture. It’s important to note that steam tables are designed to keep already cooked food warm and are not meant for cooking food. This is because they operate at a consistent temperature optimal for maintaining food warmth, not cooking. Variations in Heating Techniques Two main heating methods are employed in commercial steam tables: electric heating and gas heating. Electric steam tables utilize heating elements to warm the water in the wells. This approach provides precise temperature control and is often preferred in environments where gas access may be limited. On the other hand, gas steam tables use a natural gas or propane burner to heat the water. This method provides powerful and efficient heating and is often preferred in high-volume food service operations. However, it requires proper ventilation and access to a gas supply. Some models of steam tables use exposed elements to heat the water directly, while others use sealed elements that heat the water indirectly. Each method has its advantages, with the direct heating method providing fast heating times and the indirect method offering more even heating. Ensuring Food Safety and Quality Commercial steam tables play a significant role in maintaining food safety. They keep food at temperatures above 140 degrees Fahrenheit, the point at which harmful bacteria can start to multiply rapidly. This ensures the food remains safe for consumption for longer periods. In terms of quality, steam tables help maintain the food’s texture, moisture, and flavor. Unlike dry heat methods, which can cause food to dry out or become overcooked, steam heat provides gentle, even heat that helps food retain its original quality. This is particularly beneficial for delicate dishes that can easily become tough or rubbery if exposed to dry heat. Commercial steam tables offer an effective and efficient solution for keeping food warm, safe, and tasty, making them an invaluable tool in any food service operation. Choosing the Right Commercial Steam Table When selecting a commercial steam table for your food service business, various options can feel overwhelming. Your choice will significantly affect your kitchen’s operational flow and efficiency. In selecting commercial steam tables for our recommendations, we meticulously assess a series of key factors to ensure that we present options that are efficient, durable, and cater to the varied needs of food service establishments. Here’s how we evaluate them, complete with an importance scale for each criterion: Capacity and Size: Importance: 9/10 The size and number of compartments are essential. The commercial steam table must be capable of holding the amount of food that is usually served, ensuring it fits appropriately within the available kitchen or serving area. Temperature Control and Consistency: Importance: 9/10 Precise and consistent temperature control is vital for keeping food at safe and optimal serving temperatures. Build Quality and Material: Importance: 9/10 Durability is key in a commercial setting. Stainless steel construction is preferred for its longevity and ease of cleaning. Energy Efficiency: Importance: 8/10 Considering the extended operating hours, energy-efficient models can significantly reduce operating costs. Ease of Cleaning and Maintenance: Importance: 8/10 The unit should be designed for easy cleaning and simple maintenance to ensure hygiene and extend its lifespan. Versatility and Adaptability: Importance: 7/10 A steam table that can accommodate various pan sizes and types offers more flexibility for different menu items. Safety Features: Importance: 8/10 Safety aspects, such as cool-to-touch areas and splash guards, are important for protecting staff and customers. Drainage and Moisture Control: Importance: 7/10 Good drainage systems help manage moisture and make cleaning easier, maintaining the quality of food. Cost and Budget Considerations: Importance: 7/10 We aim to balance the price with the features and benefits offered, seeking options that provide long-term value. Aesthetics and Design: Importance: 6/10 The appearance should be professional and suitable for front-of-house use if applicable. Warranty and Manufacturer Support: Importance: 7/10 Reliable customer support and a solid warranty are important for peace of mind and assurance of quality. FAQs What are the benefits of using a commercial steam table in a restaurant setting? Commercial steam tables provide numerous advantages in a restaurant environment. They keep food at safe temperatures for extended durations, ensuring that it remains hot and fresh without the risk of drying out or overcooking. This is particularly useful in buffet-style restaurants or catering events where food must be served for long periods. Furthermore, they enhance kitchen efficiency by incorporating storage bins underneath for supplies and additional food pans. How does a commercial steam table ensure food is kept at safe temperatures? A commercial steam table ensures food is kept at safe temperatures by using heated water to generate steam. This steam surrounds the food pans, creating a consistent temperature environment. Most steam tables also feature thermostatic controls, allowing operators to adjust the temperature as needed to meet food safety regulations, which typically mandate holding hot food above 140°F. What types of food are best suited for a commercial steam table? A variety of food types are suitable for a commercial steam table, especially those that benefit from moist heat to maintain quality over time. These include stews, soups, casseroles, and sauces. However, it’s also good for non-liquid items such as rice, pasta, and vegetables. It’s not recommended for crispy foods as the steam can make them soggy. What is the energy consumption of a commercial steam table compared to other warming equipment? Commercial steam tables can be more energy-efficient than other types of warming equipment. This is because they use steam to heat the food, which requires less energy than dry heat methods. However, actual energy consumption can vary based on the model, size, usage, and whether the steam table is electric or gas-powered. How should I clean and maintain my commercial steam table to ensure it remains efficient? To ensure efficiency, a commercial steam table needs to be cleaned daily to prevent the accumulation of food particles and bacteria. This process includes emptying and sanitizing the water pans, wiping down all surfaces, and cleaning the heating elements according to the manufacturer’s guidelines. Additionally, regular maintenance should involve inspecting and replacing any worn components, such as seals or heating elements, to guarantee the steam table operates efficiently. What safety measures should be taken when operating a commercial steam table? When operating a commercial steam table, it’s important to use heat-resistant gloves to prevent burns. Always check water levels to prevent the unit from running dry and overheating, which can be a fire hazard. When cleaning or performing maintenance, ensure the unit is turned off and cooled down to avoid burns or electric shock. YOU MIGHT ALSO LIKE: Best Countertop Refrigerators for Your Business What’s the Best Commercial Refrigerator for Your Business? Best Commercial Margarita Machine for Your Business Commercial Hand Dryer: Our Top Picks For Your Business Image: Amazon This article, "Commercial Steam Table: Best Picks for Your Business" was first published on Small Business Trends View the full article

It’s almost become cliche for employers to express concern about Gen Z’s lack of training in the social skills necessary for life in the office. Employers want new recruits with a certain level of professionalism—the ability to casually converse with office higher-ups, or negotiate with their own managers—that they just haven’t had the ability to practice, especially after coming of age during pandemic restrictions and widespread remote work, says Tigran Sloyan, CEO of worker assessment and learning platform CodeSignal. “When you’ve just come out of college, you’ve never really worked anywhere, so it’s very hard,” he says. To help fill that gap, CodeSignal on Wednesday launched an AI-powered addition to its platform that will let users practice skills involving business conversation on their own and confer with an AI assistant and coach called Cosmo. CodeSignal already let users practice technical skills like writing code in a simulated development environment, but the new addition will let them similarly practice skills like negotiations, giving feedback, and holding sales calls. Universities have also participated in beta testing, letting students applying for jobs practice talking with simulated recruiters. Employers can customize practice scenarios based on employee needs, like letting budding salespeople pitch their companies’ own specialized products, and AI conversational partners can become tougher to handle as workers level up their skills, Sloyan says. “It will get more and more and more difficult as you progress through your skills,” he says. CodeSignal is one of a number of companies that have rolled out AI systems to let employees develop skills that previously could only be practiced by roleplaying with other humans, find other educational opportunities, and demonstrate their aptitude for particular roles. They’re not just for entry-level employees. People taking on new positions, like those entering management, can also benefit, as can anyone looking to brush up on particular skills they’re already using, AI developers say. After all, some studies have suggested the majority of managers received no formal training for their jobs after moving up from other roles. “We’ve all been managed by bad managers,” says Sloyan. “And it’s for a good reason—because they never get the training.” AI technology, which can help assess worker experience and adapt lessons to individual needs, is also helping drive a shift to hiring and training employees based on very particular social and technical skills they need for their roles, whether that’s making sure managers know how to have difficult conversations with underperforming employees or coders know how to efficiently work with databases. “I think the beauty of it is its ability to create learning content at scale and speed,” says Ravin Jesuthasan, global transformation leader at consulting firm Mercer. Skills-based hiring is often seen as a way to get access to a broader talent pool than traditional indicators of aptitude like a college degree, and skill-focused training can let employees keep up to date even as their positions evolve due to technological and societal changes like the rise of AI and hybrid work. AI can help measure what skills employees already have, then create or locate highly targeted course material to fill in any gaps. “Instead of you sitting in a class with everyone else going through two months of training, you’re maybe spending three days or something because you’ve got a lot of those technical skills,” Jesuthasan says. In the past, while employers might have offered access to training materials like videos, written materials, and podcast-style audio, workers could feel overwhelmed by the possibilities and unsure how to fit learning in between work tasks, says Kian Katanforoosh, CEO and founder of skills assessment company Workera. In September, the company unveiled an AI mentor called Sage that can give employees quick and (ideally) fun skill assessments using a variety of interfaces. Those include a virtual coding workpad, a voice interface, and an on-screen whiteboard for presenting ways to connect ideas and concepts. The results can help route staff to particular projects or to personalized training options. Those can include some instruction from Sage itself, though Workera generally connects users to coursework from across a variety of learning platforms, matched to individual needs, Katanforoosh says. “Some providers have really good metadata which allow us to have the transcripts of every course and understand videos at a transcript level, and be able to say this is a good video or not for the user,” he says. And when AI itself provides interactive training, it has the advantage of being available on demand around the clock to tirelessly generate practice material for different skills and scenarios. A company called Alelo works with employers and training firms to create AI-powered educational material, where workers can practice skills interacting with digital avatars, then receive feedback generated by another specialized AI model. Healthcare training is a common use case, with nurses and others in the field practicing patient interactions, says Lewis Johnson, the company’s president and CEO. Scenarios, which can include short sessions where health providers demonstrate their ability to express empathy for a patient in pain or longer interactions that simulate an entire patient interaction, are meant to be repeated. Typically, users are intended to practice a particular training at least five times, then repeat them as needed later on to keep skills fresh, Johnson says. [Screenshot: Alelo] “Part of the goal here is to encourage learners to practice as much as they need in order to gain proficiency,” he says. “Each run may be somewhat different, so this really encourages people to keep practicing until they’re comfortable and able to fully meet the training objectives.” Employers or training organizations get access to dashboards that let them see at a glance how employees are advancing through the training. In general, AI instructional tech can help save time for employers by automating training, assessment, and development of learning plans for staff. In October, learning platform Udemy announced a new AI assistant to guide learners to relevant material, and a Skills Mapping system that can help identify employee skills needing an upgrade within an organization. The AI then provides a custom “learning path” of instructional material to get workers trained. “Skills Mapping has significantly reduced the median time needed to create a public learning path, slashing it by more than 80%,” writes Eren Bali, Udemy’s cofounder and CTO, in an email. “Notably, over one-third of paths created by organizations since the launch have been AI-powered paths, indicating Skills Mapping’s impact on efficiency and performance.” Still, AI training likely won’t eliminate traditional mentoring and instruction any time soon. Training company Mursion, known for its avatar-based training experiences powered by human actors, recently introduced a fully AI-powered alternative. It lets workers practice skills at any time, without Mursion needing to ensure its own staff are available, which is especially important for clients training employees in environments like restaurants or warehouses where downtime may be unpredictable, says CEO Mark Atkinson. “It’s just impossible to build a staffing model that knows that we need to be ready at that moment,” he says. [Photo: Mursion] The company’s simulations can help train service workers in techniques like conflict de-escalation and dealing with challenging customers, Atkinson says, and Mursion also helps employees in management, healthcare fields, and sales practice techniques relevant to their work. Avatar-based simulation in general can help employees practice types of uncomfortable scenarios that could feel too awkward or embarrassing for traditional in-person role play, he says, and generative AI has proven adept at consistently simulating particular behaviors for employees to practice responding to. It’s also beginning to play a role in Mursion’s human-directed simulations, automatically and consistently scoring participant performance. That, in turn, lets Mursion’s human simulation leaders focus on playing their roles rather than evaluating responses. They’ll keep playing those roles for the foreseeable future, Atkinson says, since they can offer a level of narrative variety and adaptability that AI can’t currently easily match. “I’m not saying it won’t ever happen, but the way I see it is the AI is pushing us to be better at the human [side], while delivering an incredibly valuable, on-demand experience for those who want that,” he says. But as the workplace continues to evolve, and new generations of workers continue to graduate and seek employment, then move into management or other new roles, AI seems likely to also be on hand to guide and, sometimes, even conduct their training. After all, while Gen Z is currently being called out for a lack of workplace savvy, it wasn’t too long ago that employers said similar things about millennials starting their first full-time jobs. “These are skills that we somehow expect that the younger generation would just come out of school knowing but they don’t, because they’ve never really had the chance to practice,” Sloyan says. View the full article

Back in December, OpenAI rolled out a new way to chat with ChatGPT: You can reach out to the generative AI by calling 1-800-CHATGPT (no, really)—or, if you have WhatsApp, you can text that same number to share what's on your mind. While many of ChatGPT's distinct features were missing, the core of the experience was still present. You text or ask ChatGPT something out loud, and the bot responds in kind. For WhatsApp users, that largely feels like texting a friend—only, that friend happens to respond right away with a detailed response generated entirely by AI. (We all have one of those friends, right?) Now, less than two months after rolling out this new way to contact ChatGPT, OpenAI is expanding its features on WhatsApp. There are two key updates here: One, you can now upload and send images when chatting with ChatGPT, which means you can request that the bot analyzes a photo, or provide an image as added context to a greater query. Second, you can share voice messages to ChatGPT. If there are times when you can't call ChatGPT and talk for extended periods of time, but you don't want to type out your full question, you can simply send a voice message instead. OpenAI also shared that the company is working on a way for users to link their ChatGPT accounts (whether free, Plus, or Pro) to WhatsApp, but that feature isn't live yet. This Tweet is currently unavailable. It might be loading or has been removed. While these updates should make it a bit easier for WhatsApp users to use ChatGPT through the messaging app, the entire experience is still quite limited: OpenAI gives all U.S. numbers 15 minutes of call time per month, with a "daily limit" on WhatsApp messages. In addition, this experience has a knowledge cut off of October of 2023, so don't expect this version of ChatGPT to know anything that's happened in the past year and a half. If you like ChatGPT, you should probably just download the ChatGPT app. However, if you only want to interact with the bot once in a blue moon, and don't want to clutter your phone up with yet another app (another AI app, at that), sure—send ChatGPT all the images and voice messages you want (or, more accurately, can). View the full article

US president’s proposal to expel millions of Palestinians follows years of interventions favouring the Israeli rightwingView the full article

Spend a few minutes imagining a clean slate. By Ed Mendlowitz Tax Season Opportunity Guide Go PRO for members-only access to more Edward Mendlowitz. View the full article

Spend a few minutes imagining a clean slate. By Ed Mendlowitz Tax Season Opportunity Guide Go PRO for members-only access to more Edward Mendlowitz. View the full article

The dismantling of the U.S. Agency for International Development will deliver a major blow to efforts including humanitarian assistance in Colombia, conservation efforts in the Brazilian Amazon, and coca eradication in Peru—South American countries that have been a priority for the support. Even if some foreign aid resumes after the 90-day suspension ordered by President Donald Trump, many USAID-backed projects focus on areas he has derided as ideological: climate change, biodiversity, and minority and women’s rights, so several recipients fear their projects are now dead. Colombia has long been the largest recipient of U.S. foreign assistance in South America. Recent USAID money has supported emergency humanitarian aid to more than 2.8 million Venezuelans who fled economic crisis. In 2024 alone, the agency transferred some $45 million to the U.N. World Food Programme, mostly to assist them. The end of U.S. humanitarian assistance in Colombia, Brazil, and other Latin American countries is another huge setback for Venezuelans abroad. Last week, the Trump administration also revoked a temporary immigration status that has allowed roughly 600,000 people from Venezuela to stay in the U.S. The first large group could be deported in about two months. “Trump’s cuts will hit Latin America’s most vulnerable populations, including millions of Venezuelan migrants and refugees, as grassroots organizations providing essential care, guidance, and food are left without funding,” Bram Ebus, a Bogota-based consultant at the International Crisis Group, told the Associated Press. “Migrant populations are targeted by organized crime and armed groups. If aid projects are not resumed quickly, it will allow these groups to abuse and exploit vulnerable migrants.” Despite the fact that the U.S. is the largest source of aid to Colombia, President Gustavo Petro said some of this help is not welcome and has to go. “Hundreds of immigration officials who guard our borders were paid by the United States. This aid is poison,” he said during a cabinet meeting Monday. “That should never be allowed. We are going to pay with our money.” In 2024, the agency paid nearly $385 million to Colombia. Trump told reporters Monday that shutting down USAID “should have been done a long time ago.” Billionaire Elon Musk, who is leading government cost reduction in the new administration, said the agency was run by “radical left lunatics.” In Brazil, USAID’s largest initiative is the Partnership for the Conservation of Amazon Biodiversity, which focuses on conservation and improving livelihoods for Indigenous peoples and other forest communities. About two-thirds of the world’s largest rainforest is in Brazil. One Brazilian organization USAID has supported is the Amazon-based Roraima Indigenous Council, which operates in 35 areas including the territory of the Yanomami tribe, totaling some 157,000 square kilometers (60,600 square miles), larger than Greece. This direct support is representative of a shift at USAID over the past few years to prioritize funding grassroots organizations. In a region vulnerable to illegal gold mining and drug-trafficking, the Roraima Indigenous Council is using the money for improved family farming, adapting to climate change, and income generation for women. Now everything is at risk, Edinho Macuxi, the tuxaua (leader) of the Indigenous Council, told the AP. In recent weeks, his organization, which represents some 60,000 people, laid off workers and canceled activities due to lack of funds. “The partnership with USAID has existed for seven years. If the decision is to end it, this will shake our organizational structure and projects that are very important for strengthening the economy and autonomy of Indigenous peoples,” he said. “Our message to President Trump is that he should maintain the resources not only for Brazil but for other countries as well. In Brazil, Indigenous peoples who access this funding are the ones who effectively keep most of the forest standing, ensuring life not just for people in Brazil, but also the world,” Macuxi said. In recent years, USAID also supported arguably the most successful sustainable resource effort in the Amazon, the managed fishing of pirarucu, the region’s famously giant fish. The U.S. funds built a slaughterhouse where fishers could work during the legal catch. Indigenous and riverine communities helped recover what was an endangered species, at the same time getting income and food. In 2024, USAID disbursed $22.6 million to Brazil. Over half, close to $14 million, went to general environmental protection, with the Amazon, which stores crucial amounts of carbon from the atmosphere, as a top priority. For Peru, the humanitarian agency disbursed some $135 million in 2024. Part of it is to control cocaine production by financing alternatives such as coffee and cacao. Those efforts date back to the early 1980s. Peru is the world’s second-largest cocaine producer after Colombia, which runs similar programs financed with American assistance. In a statement, Peru’s Premier Gustavo Adrianzén said his government will continue the crop substitution program without U.S. funding. The Peruvian National Commission for Development and Life Without Drugs, known as DEVIDA, declined to comment on the new U.S. administration’s freeze. A former DEVIDA chief, Ricardo Soberón, said that USAID’s pause is an opportunity to review a partnership that has not been effective. “It has always been conditional assistance, with politics involved. It has been minimal, often delayed, and not integrated with the actions of the Peruvian state,” he told AP. Soberón said that neighboring Bolivia, which expelled the U.S. agency in 2013, has achieved better results in controlling cocaine production since then. “Despite its problems and external limitations (the economic and political crisis), the withdrawal of USAID has provided Bolivia with a high degree of autonomy to develop social control policies, which have been much more efficient.” ______ The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org. —Fabiano Maisonnave, Associated Press View the full article

We may earn a commission from links on this page. Deal pricing and availability subject to change after time of publication. The Sonos Era 100 is an improved version of the Sonos One, with much more powerful bass and other upgrades that make it one of the best multi-room smart speakers you can buy. It's currently at its lowest price ever—$199 (originally $249) after a $50 discount—according to price-tracking tools. Most of the other Sonos speakers are also seeing their lowest prices right now. Sonos Era 100 Black - Wireless, Alexa Enabled Smart Speaker $199.00 at Amazon $249.00 Save $50.00 Get Deal Get Deal $199.00 at Amazon $249.00 Save $50.00 The Sonos Era 100 came out in early 2023 and received an "excellent" review from PCMag for its ability to create stereo audio with a single device (it has a dual tweeter setup); its balanced audio; the useful companion app that allows you to adjust the EQ; its ability to connect with Bluetooth and wifi; Alexa and Sonos voice integration; and compatibility with most major music streaming services. As it is still a single speaker, the stereo effect won't match a true stereo setup, but it's a good approximation and an improvement over previous Sonos speakers. The real point of differentiation for the Sonos Era 100 (and most Sonos speakers, for that matter) is the ability to seamlessly group with other Sonos speakers that you own. Sonos makes it easy to handle multi-room pairing (lets you play your music in multiple Sonos speakers in different rooms) without needing to connect to your wifi over and over again. Back when the speaker first launched, it only supported Apple Music, Amazon Music, Deezer, and Pandora—with Spotify a notable omission. However, Spotify and other music services are now available. The Sonos voice assistant is still limited in capability, with no Google Assistant or Google Cast integration, and the speaker also doesn't support Dolby Atmos, which is disappointing for a device at this price level. Caveats aside, if you're looking for a stationary smart speaker with great audio that can easily connect with other Sonos speakers you own or might add in the future (they also work as rear speakers with a Sonos soundbar), the Sonos Era 100 is a great choice—especially at 20% off. View the full article

Analysts bombard executives of listed companies with questions on coping with trade warsView the full article

Starting a shrimp farm can be rewarding for those interested in aquaculture. With the increasing demand for shrimp globally, establishing a successful farm requires careful planning and implementation. In this article, we’ll explore how to start a business in shrimp farming. Let’s dive in! What is a Shrimp Farm? A shrimp farm, or shrimp aquaculture, is the practice of cultivating shrimp in controlled environments. It involves the breeding and rearing of shrimp species, such as the Pacific white shrimp, in specially designed ponds or tanks. Responsible shrimp farming practices aim to ensure sustainable production, focusing on factors like water quality, disease prevention, and ecological impact. Shrimp farms play a significant role in meeting the global demand for shrimp. How to Start an Indoor Shrimp Farming Business: Simple Steps Begin your journey to create an indoor shrimp farm business by following these simple steps. From setting up the infrastructure to managing water quality, follow these guidelines for a successful venture. Dive into the details on how to start a farm with shrimp below: Determine Your Business Plan Formulate a comprehensive farm business plan outlining your goals, target market, and financial projections. Assess feasibility and market demand to ensure a solid indoor shrimp farming venture foundation. Set Up the Ideal Infrastructure Create a suitable environment for shrimp farming, including tanks or ponds, filtration systems, and temperature control. Ensure optimal conditions for growth and reproduction while maintaining a sustainable and efficient operation. Select the Right Shrimp Species Choose the appropriate shrimp species based on market demand, compatibility with your infrastructure, and your farming objectives. Consider factors such as growth rate, disease resistance, and market value. Acquire Healthy Shrimp Stock Source healthy shrimp postlarvae from reputable hatcheries. Ensure proper transportation, acclimation, and quarantine procedures to prevent diseases and maintain the quality of your shrimp stock. Implement Feeding and Management Protocols Establish a feeding schedule and provide balanced nutrition for your shrimp. Monitor water quality parameters regularly, manage disease prevention measures, and implement best practices for optimal growth and health. Harvest and Market Your Shrimp Plan and execute a systematic harvesting process, ensuring the shrimp reach the desired marketable size. Develop marketing strategies to promote your sustainably farmed shrimp and secure profitable sales channels. The Shrimp Farming Industry Today The global shrimp farming industry is poised for significant expansion, with the market anticipated to achieve $69.35 billion in the near future. Demand for frozen shrimp, driven by its popularity in the food, pharmaceutical, healthcare, and cosmetic sectors, contributes to the industry’s prospects. However, shrimp production poses environmental risks, as the United Nations Food and Agriculture Organization (FAO) notes. Why You Should Consider Becoming a Shrimp Farmer Becoming a shrimp farmer could be a viable option if you’re seeking a rewarding and profitable venture. Here are five compelling reasons to consider starting a shrimp seafood farming business: High demand: The global appetite for shrimp is growing steadily, providing a lucrative market for shrimp farmers. Sustainable practice: Shrimp farming can be conducted using responsible and sustainable methods, minimizing environmental impact. Profit potential: Shrimp farming has the potential for significant profits due to high market prices and efficient production techniques. Versatile market: Shrimp is a versatile product with a wide range of uses, catering to various industries such as food, pharmaceuticals, and cosmetics. Ease of entry: With the right planning and support, launching a shrimp farm can be quite simple, making it an attainable venture for aspiring entrepreneurs. U.S. Shrimp Species When it comes to shrimp species, the United States boasts a diverse range found naturally or farmed. Here are some prominent shrimp species in the U.S., each with distinct characteristics and considerations for farming: Marine Shrimp: Commonly known as “white shrimp” or “pink shrimp,” this species is abundant in coastal regions and is known for its delicate flavor and versatile culinary applications. Giant Tiger Prawn: Also called “black tiger shrimp,” these large, impressive creatures are native to Asian waters but are now farmed in the U.S. Known for their size and distinctive tiger-like stripes, they offer a sweet and succulent taste. Freshwater Prawns: Native to freshwater habitats, these prawns are larger than typical shrimp. With a firm texture and slightly sweet taste, they’re popular for their versatility in various dishes. Blue Shrimp: Native to the Gulf of Mexico, blue shrimp display vibrant blue coloration and a mild, slightly sweet flavor, making them a sought-after delicacy. Brown Shrimp: Found along the Atlantic and Gulf coasts, brown shrimp have a robust flavor and firm texture, making them ideal for various cooking methods. Pink Shrimp: Residing primarily in the Gulf of Mexico, pink shrimp boast a delicate flavor and tender texture, often favored for their versatility in recipes. Rock Shrimp: With a rock-hard shell, rock shrimp are prized for their sweet taste and firm, lobster-like meat, commonly harvested off the southeastern coast of the U.S. Spot Prawn: Native to the Pacific Northwest, spot prawns offer a subtly sweet flavor, firm texture, and a distinctive white spot on their tail, hence their name. Royal Red Shrimp: Deep-sea dwellers found off the coast of the southeastern U.S. Royal red shrimp have a unique taste, described as sweet, succulent, and comparable to lobster. White Shrimp: Widely distributed along the Atlantic and Gulf coasts, white shrimp have a mild, slightly sweet flavor, making them a popular choice for various dishes. Shrimp SpeciesCharacteristics and Culinary Traits Marine ShrimpAbundant in coastal regions, delicate flavor, versatile cooking. Giant Tiger PrawnNative to Asia, farmed in U.S., large size, sweet and succulent. Freshwater PrawnsLarger than shrimp, firm texture, slightly sweet, versatile. Blue ShrimpGulf of Mexico native, vibrant blue color, mild and sweet. Brown ShrimpAtlantic and Gulf coasts, robust flavor, firm texture. Pink ShrimpGulf of Mexico inhabitant, delicate flavor, tender texture. Rock ShrimpRock-hard shell, sweet taste, lobster-like meat, southeastern U.S. Spot PrawnPacific Northwest native, subtly sweet, distinctive white spot. Royal Red ShrimpDeep-sea dwellers, sweet and succulent, similar to lobster. White ShrimpAtlantic and Gulf coasts, mild and slightly sweet flavor. Shrimp Production Methods In shrimp production, different methods are utilized to satisfy the increasing demand for this beloved seafood. Each shrimp production method has its own advantages and considerations, influencing factors such as production scale, environmental sustainability, and water management practices. Here are some of the main shrimp production methods used in the US: Pond Culture: The most common method is that shrimp are grown in large ponds, utilizing natural or controlled environments to support their growth and reproduction. Raceway Systems: Shrimp are raised in narrow, flowing channels called raceways, allowing for controlled water flow and efficient waste removal. Biofloc Technology: This method promotes the growth of beneficial microorganisms in shrimp ponds, creating a biofloc system that helps maintain water quality and provides supplemental nutrition. Recirculating Aquaculture Systems: Shrimp are raised in closed-loop systems, where water is continuously filtered and recirculated, optimizing water usage and minimizing environmental impact. Integrated Multi-Trophic Aquaculture: This method combines shrimp farming with other species, such as fish or algae, creating a symbiotic ecosystem where waste from one species is used as nutrients by others. Choosing a Shrimp Farm Location When choosing a shrimp farm location, several factors should be considered. First and foremost, water quality plays a vital role in fish farms, as shrimp require clean and well-oxygenated water to thrive. Proximity to markets is also important for efficient distribution and reduced transportation costs. The availability of suitable land and access to necessary infrastructure, such as electricity and freshwater sources, must be assessed. Climate conditions, including temperature and rainfall patterns, should also be taken into account to ensure optimal growth and disease prevention. Essential Shrimp Farm Equipment To establish a successful shrimp farm, specific equipment is essential. Let’s explore the necessary tools and machinery vital for shrimp farming operations, covering pond management, water quality control, and shrimp handling. Pond Aeration System: A reliable aeration system is crucial to maintaining proper oxygen levels in shrimp ponds, promoting healthy growth and minimizing the risk of diseases. Water Pump: An efficient water pump ensures optimal circulation, maintaining water quality and facilitating the removal of waste materials from the ponds. Shrimp Net: A specialized net designed for capturing and handling shrimp enables efficient harvest and transfer of shrimp between ponds or containers. Water Testing Kit: Regular water testing using a comprehensive kit allows farmers to monitor and adjust crucial water parameters, ensuring an ideal environment for shrimp growth. Feeding Equipment: Automatic feeders or feeding trays are essential for the accurate and timely distribution of shrimp feed, optimizing nutrition intake, and reducing wastage. Shrimp Grading Tools: Tools such as grading sieves or trays are employed to separate shrimp based on size, ensuring uniformity in growth and facilitating market grading. Water Filtration System: A reliable filtration system helps to remove impurities, sediment, and excessive nutrients from the water, maintaining favorable water conditions for shrimp. Shrimp Tanks or Ponds: The primary infrastructure for shrimp farming, tanks or ponds provide a suitable habitat for shrimp, allowing them to grow and reproduce under controlled conditions. Water Heating or Cooling System: Depending on the geographical location and climate, a heating or cooling system may be necessary to maintain optimal water temperature for shrimp growth. Shrimp Disease Prevention Tools: These include disinfection products, probiotics, and medications that assist in preventing and controlling common shrimp diseases, ensuring healthier stocks. Developing a Sustainable Shrimp Farming Strategy There are many environmentally friendly techniques that can be utilized in shrimp farming. Use organic feeds, avoid harmful chemicals, and implement energy-efficient systems to minimize ecological impacts. Sustainable practices not only benefit the environment but also contribute to the health and well-being of the shrimp. Effective Water Management: Water quality is critical in shrimp farming. Regular testing, efficient filtration, and water conservation techniques are essential. Effective water management supports healthy shrimp growth and reduces the environmental footprint of the farm. Marketing and Selling Your Shrimp In the dynamic world of shrimp farming, having a top-notch product is just part of the equation. The other critical component is effectively marketing and selling your shrimp. This involves not only identifying who your customers are but also how to reach them, engage them, and ultimately convert them into loyal patrons of your products. Identifying Target Markets Local vs. Global Markets: Assess the potential of local markets versus global markets. Explore selling to local restaurants and markets for fresh shrimp or consider international markets for frozen or processed products. Specialty Niches: Identify niche markets that value specific shrimp qualities, such as organic or sustainably farmed shrimp. This could include health-conscious consumers or high-end culinary establishments. Market Research: Conduct thorough market research to understand the preferences and buying patterns of your target audience. This can involve surveys, focus groups, or studying market trends. Developing Effective Marketing Strategies Branding: Develop a strong brand identity for your shrimp farm. This includes creating a memorable logo, a compelling brand story, and consistent messaging that reflects your farm’s values and the quality of your shrimp. Digital Marketing: Utilize digital marketing tools such as a professional website, social media platforms, and email marketing. Share engaging content like behind-the-scenes farm tours, customer testimonials, and educational pieces about the benefits of your shrimp. Collaborations and Partnerships: Forge partnerships with local chefs, food bloggers, or influencers who can showcase your shrimp in their recipes or dining experiences. This can provide authentic endorsements and widen your reach. Sales Channels and Distribution Direct Sales: Explore direct-to-consumer sales strategies such as subscription boxes, online orders, or farm stand sales. These approaches can enhance profit margins and foster a direct relationship with your customers. Wholesale Distribution: Collaborate with wholesalers or distributors to expand your market reach. Negotiate advantageous terms and make sure they are in line with your brand’s values and quality standards. Diversification of Products: Beyond selling raw shrimp, explore value-added products like marinated shrimp, ready-to-cook meals, or shrimp-based snacks. This can attract different customer segments and increase revenue streams. Promotion and Customer Engagement Promotional Offers: Create promotional campaigns such as discounts, seasonal offers, or referral programs to attract new customers and retain existing ones. Customer Engagement: Engage with your customers through regular updates, newsletters, or social media interactions. Encourage feedback and use it to improve your products and services. Community Involvement: Participate in community events, sponsor local activities or host farm visits. This helps in building a loyal local customer base and enhances your brand’s community presence. Maintaining and Expanding Your Shrimp Farm Routine maintenance is essential for a successful shrimp farm. Regular cleaning of ponds, upkeep of equipment, and health monitoring are critical components. A properly maintained shrimp farm not only produces high-quality shrimp but also reduces the risk of diseases and minimizes losses. Plan for the growth of your shrimp farming operation. This might include increasing pond sizes, diversifying shrimp species, or integrating other aquaculture types. Consider the financial and logistical implications of expansion and aim for sustainable growth. FAQs How much does it cost to start a shrimp farm business? The initial investment needed to set up a shrimp farm business can differ greatly, usually falling between $10,000 and $200,000, depending on factors like the scale and level of production. How long does it take to grow farmed shrimp? The growth timeline of farmed shrimp depends on various factors, such as species, water temperature, feeding practices, and desired size at harvest. Generally, it takes around 4 to 6 months for shrimp to reach marketable sizes, but this can vary. Where are the best places in the U.S. for shrimp farms? The Gulf Coast region is popular for shrimp farming. Specifically, the best states to start a farm with shrimp include Texas, Louisiana, Mississippi, and Alabama, which are known for their favorable climate and abundant water resources, making them ideal for shrimp farming. Other potential regions include parts of Florida, South Carolina, and Hawaii. How much money do shrimp farmers make? Shrimp farm owners can earn annual salaries ranging from $35,000 to well over $150,000, with the amount dependent on the size and scale of their operation. Some shrimp farms even invest in additional revenue streams. For example, you may look into how to start catfish farming to add even more profitability. Is shrimp farming a profitable business? Shrimp farming proves to be a lucrative business, offering significant profitability. With meticulous management and streamlined operations, you’ll unlock tremendous financial gains and pave the way for long-term success in this lucrative industry. Image: Envato Elements This article, "How to Start a Shrimp Farm" was first published on Small Business Trends View the full article

Starting a shrimp farm can be rewarding for those interested in aquaculture. With the increasing demand for shrimp globally, establishing a successful farm requires careful planning and implementation. In this article, we’ll explore how to start a business in shrimp farming. Let’s dive in! What is a Shrimp Farm? A shrimp farm, or shrimp aquaculture, is the practice of cultivating shrimp in controlled environments. It involves the breeding and rearing of shrimp species, such as the Pacific white shrimp, in specially designed ponds or tanks. Responsible shrimp farming practices aim to ensure sustainable production, focusing on factors like water quality, disease prevention, and ecological impact. Shrimp farms play a significant role in meeting the global demand for shrimp. How to Start an Indoor Shrimp Farming Business: Simple Steps Begin your journey to create an indoor shrimp farm business by following these simple steps. From setting up the infrastructure to managing water quality, follow these guidelines for a successful venture. Dive into the details on how to start a farm with shrimp below: Determine Your Business Plan Formulate a comprehensive farm business plan outlining your goals, target market, and financial projections. Assess feasibility and market demand to ensure a solid indoor shrimp farming venture foundation. Set Up the Ideal Infrastructure Create a suitable environment for shrimp farming, including tanks or ponds, filtration systems, and temperature control. Ensure optimal conditions for growth and reproduction while maintaining a sustainable and efficient operation. Select the Right Shrimp Species Choose the appropriate shrimp species based on market demand, compatibility with your infrastructure, and your farming objectives. Consider factors such as growth rate, disease resistance, and market value. Acquire Healthy Shrimp Stock Source healthy shrimp postlarvae from reputable hatcheries. Ensure proper transportation, acclimation, and quarantine procedures to prevent diseases and maintain the quality of your shrimp stock. Implement Feeding and Management Protocols Establish a feeding schedule and provide balanced nutrition for your shrimp. Monitor water quality parameters regularly, manage disease prevention measures, and implement best practices for optimal growth and health. Harvest and Market Your Shrimp Plan and execute a systematic harvesting process, ensuring the shrimp reach the desired marketable size. Develop marketing strategies to promote your sustainably farmed shrimp and secure profitable sales channels. The Shrimp Farming Industry Today The global shrimp farming industry is poised for significant expansion, with the market anticipated to achieve $69.35 billion in the near future. Demand for frozen shrimp, driven by its popularity in the food, pharmaceutical, healthcare, and cosmetic sectors, contributes to the industry’s prospects. However, shrimp production poses environmental risks, as the United Nations Food and Agriculture Organization (FAO) notes. Why You Should Consider Becoming a Shrimp Farmer Becoming a shrimp farmer could be a viable option if you’re seeking a rewarding and profitable venture. Here are five compelling reasons to consider starting a shrimp seafood farming business: High demand: The global appetite for shrimp is growing steadily, providing a lucrative market for shrimp farmers. Sustainable practice: Shrimp farming can be conducted using responsible and sustainable methods, minimizing environmental impact. Profit potential: Shrimp farming has the potential for significant profits due to high market prices and efficient production techniques. Versatile market: Shrimp is a versatile product with a wide range of uses, catering to various industries such as food, pharmaceuticals, and cosmetics. Ease of entry: With the right planning and support, launching a shrimp farm can be quite simple, making it an attainable venture for aspiring entrepreneurs. U.S. Shrimp Species When it comes to shrimp species, the United States boasts a diverse range found naturally or farmed. Here are some prominent shrimp species in the U.S., each with distinct characteristics and considerations for farming: Marine Shrimp: Commonly known as “white shrimp” or “pink shrimp,” this species is abundant in coastal regions and is known for its delicate flavor and versatile culinary applications. Giant Tiger Prawn: Also called “black tiger shrimp,” these large, impressive creatures are native to Asian waters but are now farmed in the U.S. Known for their size and distinctive tiger-like stripes, they offer a sweet and succulent taste. Freshwater Prawns: Native to freshwater habitats, these prawns are larger than typical shrimp. With a firm texture and slightly sweet taste, they’re popular for their versatility in various dishes. Blue Shrimp: Native to the Gulf of Mexico, blue shrimp display vibrant blue coloration and a mild, slightly sweet flavor, making them a sought-after delicacy. Brown Shrimp: Found along the Atlantic and Gulf coasts, brown shrimp have a robust flavor and firm texture, making them ideal for various cooking methods. Pink Shrimp: Residing primarily in the Gulf of Mexico, pink shrimp boast a delicate flavor and tender texture, often favored for their versatility in recipes. Rock Shrimp: With a rock-hard shell, rock shrimp are prized for their sweet taste and firm, lobster-like meat, commonly harvested off the southeastern coast of the U.S. Spot Prawn: Native to the Pacific Northwest, spot prawns offer a subtly sweet flavor, firm texture, and a distinctive white spot on their tail, hence their name. Royal Red Shrimp: Deep-sea dwellers found off the coast of the southeastern U.S. Royal red shrimp have a unique taste, described as sweet, succulent, and comparable to lobster. White Shrimp: Widely distributed along the Atlantic and Gulf coasts, white shrimp have a mild, slightly sweet flavor, making them a popular choice for various dishes. Shrimp SpeciesCharacteristics and Culinary Traits Marine ShrimpAbundant in coastal regions, delicate flavor, versatile cooking. Giant Tiger PrawnNative to Asia, farmed in U.S., large size, sweet and succulent. Freshwater PrawnsLarger than shrimp, firm texture, slightly sweet, versatile. Blue ShrimpGulf of Mexico native, vibrant blue color, mild and sweet. Brown ShrimpAtlantic and Gulf coasts, robust flavor, firm texture. Pink ShrimpGulf of Mexico inhabitant, delicate flavor, tender texture. Rock ShrimpRock-hard shell, sweet taste, lobster-like meat, southeastern U.S. Spot PrawnPacific Northwest native, subtly sweet, distinctive white spot. Royal Red ShrimpDeep-sea dwellers, sweet and succulent, similar to lobster. White ShrimpAtlantic and Gulf coasts, mild and slightly sweet flavor. Shrimp Production Methods In shrimp production, different methods are utilized to satisfy the increasing demand for this beloved seafood. Each shrimp production method has its own advantages and considerations, influencing factors such as production scale, environmental sustainability, and water management practices. Here are some of the main shrimp production methods used in the US: Pond Culture: The most common method is that shrimp are grown in large ponds, utilizing natural or controlled environments to support their growth and reproduction. Raceway Systems: Shrimp are raised in narrow, flowing channels called raceways, allowing for controlled water flow and efficient waste removal. Biofloc Technology: This method promotes the growth of beneficial microorganisms in shrimp ponds, creating a biofloc system that helps maintain water quality and provides supplemental nutrition. Recirculating Aquaculture Systems: Shrimp are raised in closed-loop systems, where water is continuously filtered and recirculated, optimizing water usage and minimizing environmental impact. Integrated Multi-Trophic Aquaculture: This method combines shrimp farming with other species, such as fish or algae, creating a symbiotic ecosystem where waste from one species is used as nutrients by others. Choosing a Shrimp Farm Location When choosing a shrimp farm location, several factors should be considered. First and foremost, water quality plays a vital role in fish farms, as shrimp require clean and well-oxygenated water to thrive. Proximity to markets is also important for efficient distribution and reduced transportation costs. The availability of suitable land and access to necessary infrastructure, such as electricity and freshwater sources, must be assessed. Climate conditions, including temperature and rainfall patterns, should also be taken into account to ensure optimal growth and disease prevention. Essential Shrimp Farm Equipment To establish a successful shrimp farm, specific equipment is essential. Let’s explore the necessary tools and machinery vital for shrimp farming operations, covering pond management, water quality control, and shrimp handling. Pond Aeration System: A reliable aeration system is crucial to maintaining proper oxygen levels in shrimp ponds, promoting healthy growth and minimizing the risk of diseases. Water Pump: An efficient water pump ensures optimal circulation, maintaining water quality and facilitating the removal of waste materials from the ponds. Shrimp Net: A specialized net designed for capturing and handling shrimp enables efficient harvest and transfer of shrimp between ponds or containers. Water Testing Kit: Regular water testing using a comprehensive kit allows farmers to monitor and adjust crucial water parameters, ensuring an ideal environment for shrimp growth. Feeding Equipment: Automatic feeders or feeding trays are essential for the accurate and timely distribution of shrimp feed, optimizing nutrition intake, and reducing wastage. Shrimp Grading Tools: Tools such as grading sieves or trays are employed to separate shrimp based on size, ensuring uniformity in growth and facilitating market grading. Water Filtration System: A reliable filtration system helps to remove impurities, sediment, and excessive nutrients from the water, maintaining favorable water conditions for shrimp. Shrimp Tanks or Ponds: The primary infrastructure for shrimp farming, tanks or ponds provide a suitable habitat for shrimp, allowing them to grow and reproduce under controlled conditions. Water Heating or Cooling System: Depending on the geographical location and climate, a heating or cooling system may be necessary to maintain optimal water temperature for shrimp growth. Shrimp Disease Prevention Tools: These include disinfection products, probiotics, and medications that assist in preventing and controlling common shrimp diseases, ensuring healthier stocks. Developing a Sustainable Shrimp Farming Strategy There are many environmentally friendly techniques that can be utilized in shrimp farming. Use organic feeds, avoid harmful chemicals, and implement energy-efficient systems to minimize ecological impacts. Sustainable practices not only benefit the environment but also contribute to the health and well-being of the shrimp. Effective Water Management: Water quality is critical in shrimp farming. Regular testing, efficient filtration, and water conservation techniques are essential. Effective water management supports healthy shrimp growth and reduces the environmental footprint of the farm. Marketing and Selling Your Shrimp In the dynamic world of shrimp farming, having a top-notch product is just part of the equation. The other critical component is effectively marketing and selling your shrimp. This involves not only identifying who your customers are but also how to reach them, engage them, and ultimately convert them into loyal patrons of your products. Identifying Target Markets Local vs. Global Markets: Assess the potential of local markets versus global markets. Explore selling to local restaurants and markets for fresh shrimp or consider international markets for frozen or processed products. Specialty Niches: Identify niche markets that value specific shrimp qualities, such as organic or sustainably farmed shrimp. This could include health-conscious consumers or high-end culinary establishments. Market Research: Conduct thorough market research to understand the preferences and buying patterns of your target audience. This can involve surveys, focus groups, or studying market trends. Developing Effective Marketing Strategies Branding: Develop a strong brand identity for your shrimp farm. This includes creating a memorable logo, a compelling brand story, and consistent messaging that reflects your farm’s values and the quality of your shrimp. Digital Marketing: Utilize digital marketing tools such as a professional website, social media platforms, and email marketing. Share engaging content like behind-the-scenes farm tours, customer testimonials, and educational pieces about the benefits of your shrimp. Collaborations and Partnerships: Forge partnerships with local chefs, food bloggers, or influencers who can showcase your shrimp in their recipes or dining experiences. This can provide authentic endorsements and widen your reach. Sales Channels and Distribution Direct Sales: Explore direct-to-consumer sales strategies such as subscription boxes, online orders, or farm stand sales. These approaches can enhance profit margins and foster a direct relationship with your customers. Wholesale Distribution: Collaborate with wholesalers or distributors to expand your market reach. Negotiate advantageous terms and make sure they are in line with your brand’s values and quality standards. Diversification of Products: Beyond selling raw shrimp, explore value-added products like marinated shrimp, ready-to-cook meals, or shrimp-based snacks. This can attract different customer segments and increase revenue streams. Promotion and Customer Engagement Promotional Offers: Create promotional campaigns such as discounts, seasonal offers, or referral programs to attract new customers and retain existing ones. Customer Engagement: Engage with your customers through regular updates, newsletters, or social media interactions. Encourage feedback and use it to improve your products and services. Community Involvement: Participate in community events, sponsor local activities or host farm visits. This helps in building a loyal local customer base and enhances your brand’s community presence. Maintaining and Expanding Your Shrimp Farm Routine maintenance is essential for a successful shrimp farm. Regular cleaning of ponds, upkeep of equipment, and health monitoring are critical components. A properly maintained shrimp farm not only produces high-quality shrimp but also reduces the risk of diseases and minimizes losses. Plan for the growth of your shrimp farming operation. This might include increasing pond sizes, diversifying shrimp species, or integrating other aquaculture types. Consider the financial and logistical implications of expansion and aim for sustainable growth. FAQs How much does it cost to start a shrimp farm business? The initial investment needed to set up a shrimp farm business can differ greatly, usually falling between $10,000 and $200,000, depending on factors like the scale and level of production. How long does it take to grow farmed shrimp? The growth timeline of farmed shrimp depends on various factors, such as species, water temperature, feeding practices, and desired size at harvest. Generally, it takes around 4 to 6 months for shrimp to reach marketable sizes, but this can vary. Where are the best places in the U.S. for shrimp farms? The Gulf Coast region is popular for shrimp farming. Specifically, the best states to start a farm with shrimp include Texas, Louisiana, Mississippi, and Alabama, which are known for their favorable climate and abundant water resources, making them ideal for shrimp farming. Other potential regions include parts of Florida, South Carolina, and Hawaii. How much money do shrimp farmers make? Shrimp farm owners can earn annual salaries ranging from $35,000 to well over $150,000, with the amount dependent on the size and scale of their operation. Some shrimp farms even invest in additional revenue streams. For example, you may look into how to start catfish farming to add even more profitability. Is shrimp farming a profitable business? Shrimp farming proves to be a lucrative business, offering significant profitability. With meticulous management and streamlined operations, you’ll unlock tremendous financial gains and pave the way for long-term success in this lucrative industry. Image: Envato Elements This article, "How to Start a Shrimp Farm" was first published on Small Business Trends View the full article

The website of the Chinese artificial intelligence company DeepSeek, whose chatbot became the most downloaded app in the United States, has computer code that could send some user login information to a Chinese state-owned telecommunications company that has been barred from operating in the United States, security researchers say. The web login page of DeepSeek’s chatbot contains heavily obfuscated computer script that when deciphered shows connections to computer infrastructure owned by China Mobile, a state-owned telecommunications company. The code appears to be part of the account creation and user login process for DeepSeek. In its privacy policy, DeepSeek acknowledged storing data on servers inside the People’s Republic of China. But its chatbot appears more directly tied to the Chinese state than previously known through the link revealed by researchers to China Mobile. The U.S. has claimed there are close ties between China Mobile and the Chinese military as justification for placing limited sanctions on the company. DeepSeek and China Mobile did not respond to emails seeking comment. The growth of Chinese-controlled digital services has become a major topic of concern for U.S. national security officials. Lawmakers in Congress last year on an overwhelmingly bipartisan basis voted to force the Chinese parent company of the popular video-sharing app TikTok to divest or face a nationwide ban though the app has since received a 75-day reprieve from President Donald Trump, who is hoping to work out a sale. The code linking DeepSeek to one of China’s leading mobile phone providers was first discovered by Feroot Security, a Canadian cybersecurity company, which shared its findings with The Associated Press. The AP took Feroot’s findings to a second set of computer experts, who independently confirmed that China Mobile code is present. Neither Feroot nor the other researchers observed data transferred to China Mobile when testing logins in North America, but they could not rule out that data for some users was being transferred to the Chinese telecom. The analysis only applies to the web version of DeepSeek. They did not analyze the mobile version, which remains one of the most downloaded pieces of software on both the Apple and the Google app stores. The U.S. Federal Communications Commission unanimously denied China Mobile authority to operate in the United States in 2019, citing “substantial” national security concerns about links between the company and the Chinese state. In 2021, the Biden administration also issued sanctions limiting the ability of Americans to invest in China Mobile after the Pentagon linked it to the Chinese military. “It’s mindboggling that we are unknowingly allowing China to survey Americans and we’re doing nothing about it,” said Ivan Tsarynny, CEO of Feroot. “It’s hard to believe that something like this was accidental. There are so many unusual things to this. You know that saying ‘Where there’s smoke, there’s fire’? In this instance, there’s a lot of smoke,” Tsarynny said. Stewart Baker, a Washington, D.C.-based lawyer and consultant who has previously served as a top official at the Department of Homeland Security and the National Security Agency, said DeepSeek “raises all of the TikTok concerns plus you’re talking about information that is highly likely to be of more national security and personal significance than anything people do on TikTok,” one of the world’s most popular social media platforms. Users are increasingly putting sensitive data into generative AI systems — everything from confidential business information to highly personal details about themselves. People are using generative AI systems for spell-checking, research and even highly personal queries and conversations. The data security risks of such technology are magnified when the platform is owned by a geopolitical adversary and could represent an intelligence goldmine for a country, experts warn. “The implications of this are significantly larger because personal and proprietary information could be exposed. It’s like TikTok but at a much grander scale and with more precision. It’s not just sharing entertainment videos. It’s sharing queries and information that could include highly personal and sensitive business information,” said Tsarynny, of Feroot. Feroot, which specializes in identifying threats on the web, identified computer code that is downloaded and triggered when a user logs into DeepSeek. According to the company’s analysis, the code appears to capture detailed information about the device a user logs in from — a process called fingerprinting. Such techniques are widely used by tech companies around the world for security, verification and ad targeting. The company’s analysis of the code determined that there were links in that code pointing to China Mobile authentication and identity management computer systems, meaning it could be part of the login process for some users accessing DeepSeek. The AP asked two academic cybersecurity experts — Joel Reardon of the University of Calgary and Serge Egelman of the University of California, Berkeley — to verify Feroot’s findings. In their independent analysis of the DeepSeek code, they confirmed there were links between the chatbot’s login system and China Mobile. “It’s clear that China Mobile is somehow involved in registering for DeepSeek,” said Reardon. He didn’t see data being transferred in his testing but concluded that it is likely being activated for some users or in some login methods. Contact the AP’s global investigative team at Investigative@ap.org or https://www.ap.org/tips/. —Byron Tau, Associated Press View the full article

Organic and paid click-through rates (CTRs) are down – and Google AI Overviews are partially to blame. However, paid CTR declined regardless of whether AI Overviews were present. The new analysis of ~10,000 informational intent keywords ranking in the top 20 positions was conducted by digital marketing agency Seer Interactive. Organic CTR drop. For queries where AI Overviews appeared, organic CTR fell sharply – from 1.41% to 0.64% – year over year. But when AI Overviews were not present, organic CTR actually increased: Paid CTR drop. Paid CTR was down year over year regardless of whether AI Overviews were present: But. Paid and organic CTR actually increased when a brand appeared in AI Overviews: Paid: 7.89% to 11% Organic: 0.74% to 1.02% Why we care. Google’s AI Overviews are clearly impacting visibility, engagement, and traffic – as we knew would be the case when Google launched its precursor, Search Generative Experience (SGE). Though Google continues to say AI Overviews drive higher search satisfaction (as recently as yesterday on Alphabet’s Q4 2024 earnings call) – AI Overviews clearly aren’t driving as many clicks to websites year over year. Analyzing your own keywords will be important to understand whether you can be competitive in terms of earning visibility and clicks. About the data. Seer pulled data from Google Ads, Google Search Console, and ZipTie.dev and merged it all together for its analysis, slicing and dicing it to identify changes from January 2024 to January 2025. The report. Google AIO Impact – SEO & PPC CTRs at all time low View the full article

Read insights from marketing agencies, explore strategies for success in 2025, and provide actionable takeaways to help your agency thrive. The post Up-To-Date Trends, AI-Driven Workflows, and Smarter Data Strategies for Q2 appeared first on Search Engine Journal. View the full article

The average purchase loan size hit a four-month high of $447,500 as fewer home shoppers are applying for government-backed mortgage products. View the full article

This post was written by Alison Green and published on Ask a Manager. A reader writes: I work for a small-ish (100 people) British nonprofit. The work we do is similar to helping disabled people find homes and jobs, coaching them in social and life skills. We have developed a network of connections with local businesses who help us make this all happen. All good so far. I love my job, my coworkers and my boss. The work we do is valuable and I’m proud of it. We have plans for growth in our city so we can help more people. Again all good. But … the CEO recently brought in a consultant to work on the growth project. Next thing we know, that network of local connections is being expanded beyond businesses. All of us staff members are being asked to systematically share our own personal contacts. A series of meetings is planned over the next few weeks where small groups of us will each talk about where in the city we live and map out our connections. (It sounds like there will be some kind of actual map involved.) For me, this would look like giving details of my book group and the cafe where we meet, my local church and related discussion group, my yoga classes, art group, and so on. Then once all that information has been collected, we’re expected to go along to each location with a coworker and encourage our own private social contacts to get involved in the work we do, which might mean asking for money or seeking people with the skills we need to volunteer or work for us. This sounds a lot like the equivalent of a MLM scheme. Also, my friends are my friends, and I don’t want to mix those boundaries with my paid employment. But I’m much more introverted than most of my coworkers, and I’m hearing a lot of enthusiasm for this scheme from those who are more social. The level of fervor from the CEO and consultant in particular is beginning to sound almost cult-ish. Although my work is well thought of, I’m concerned that refusing this madness will affect my prospects. My boss is away for a couple of weeks. I think he’ll be sympathetic but he’s two levels below the CEO (who is pretty autocratic). Any ideas on how to handle this? Maybe I just need to pretend I have no friends. Yeah, one option is that it turns out that you’re a hermit! You don’t know many people locally — maybe most of your friends and family are long-distance — and perhaps that one group people know you’re involved with has an explicit rule against any sort of business solicitation among members. That said, I’d be inclined instead to just decide that of course this request is not “open up your entire life to us to exploit,” but instead is “let us know of any parts of your network that you think would be amenable to this and which you would be comfortable approaching.” Take it as a given that that’s what’s being asked of you and proceed accordingly. That might mean your answer is, “There’s really no one in my local network who fits this, but I’ll keep thinking about it.” Feel free to add, “The groups I’m in have rules against any kind of solicitations.” By the way, the idea that you’re supposed to physically show up in these places with a coworker is really odd. It would be one thing to say to you, “Hey, if you think people would be interested, could you mention us at your next art class?” But you’re supposed to show up at all these physical locations with a colleague who no one knows and just flagrantly go into business pitch mode? That’s super weird — so you also might be able to say, “They would react really poorly to that approach and we would definitely not succeed that way, so instead I will feel out their interest one-on-one.” (And then maybe “feel out their interest one-on-one” ends up meaning “in my head, after which I’ll conclude they’re not going to be interested.”) However, the best option of all is to push back more honestly if you feel you safely can. It’s not unusual in nonprofit work for staff to be asked who in their networks might be interested in supporting the organization’s work, but pressuring people to feel like they have to turn over their personal contacts is not okay. That said, it’s also possible this won’t turn out to be as high-pressure as you currently fear. Maybe when you sit down to do it, it will end up being more in the vein of “anyone who you’d be comfortable approaching, if anyone.” Which is another reason to go into it assuming that of course we’re all being reasonable about this … while simultaneously being prepared with a plan in case they’re not. View the full article

The Trump administration said Tuesday that it is pulling almost all U.S. Agency for International Development workers off the job and out of the field worldwide, moving to all but end a six-decade mission to shore up American security by fighting starvation, funding education, and working to end epidemics. The administration notified USAID workers in emails and a notice posted online, the latest in a sudden dismantling of the aid agency by returning political appointees from President Donald Trump’s first term and billionaire Elon Musk’s government-efficiency teams who call much of the spending on programs overseas wasteful. The order takes effect just before midnight Friday and gives direct hires of the agency overseas—many of whom have been frantically packing up households in expectation of the announcement—30 days to return home unless they are deemed essential. Contractors not determined to be essential also would be fired, the notice said. The move had been rumored for several days and was the most extreme of several proposals considered for consolidating the agency into the State Department. Other options had included closures of smaller USAID missions and partial closures of larger ones. Thousands of USAID employees already had been laid off and programs worldwide shut down after Trump, a Republican, imposed a sweeping freeze on foreign assistance. Despite outcry from Democratic lawmakers, the aid agency has been a special target as the new administration and Musk’s budget-slashing Department of Government Efficiency look to shrink the federal government. They have ordered a spending stop that has paralyzed U.S.-funded aid and development work around the world, gutted the senior leadership and workforce with furloughs and firings, and closed Washington headquarters to staffers Monday. Lawmakers said the agency’s computer servers were carted away. “Spent the weekend feeding USAID into the wood chipper,” Musk boasted on X. The mass removal of thousands of staffers overseas and in Washington would doom billions of dollars in projects in some 120 countries, including security assistance to partners such as Ukraine as well as development work for clean water, job training and education, including for schoolgirls under Taliban rule in Afghanistan. The U.S. is the world’s largest humanitarian donor by far. It spends less than 1% of its budget on foreign assistance, a smaller share of its budget than some countries. Health programs like those credited with helping end polio and smallpox epidemics and an acclaimed HIV/AIDS program that saved more than 20 million lives in Africa already have stopped. So have monitoring and deployments of rapid-response teams for contagious diseases such as an Ebola outbreak in Uganda. Hundreds of millions of dollars of food and medication already delivered by U.S. companies are sitting in ports because of the administration’s sudden shutdown of the agency. Democratic lawmakers and others say the USAID is enshrined in legislation as an independent agency, and cannot be shut down without congressional approval. Supporters of USAID from both political parties say its work overseas is essential to countering the influence of Russia, China, and other adversaries and rivals abroad, and to cementing alliances and partnerships. The decision to withdraw direct-hire staff and their families earlier than their planned departures will likely cost the government tens of millions of dollars in travel and relocation costs. Staff being placed on leave include both foreign and civil service officers who have legal protection against arbitrary dismissal and being placed on leave without reason. The American Foreign Service Association, the union which represents U.S. diplomats, sent a notice to its members denouncing the decision and saying it was preparing legal action to counter or halt it. Locally employed USAID staff, however, do not have much recourse and were excluded from the federal government’s voluntary buyout offer. USAID staffers and families faced wrenching decisions as the rumored order loomed, including whether to pull children out of school midyear. Some gave away pet cats and dogs, fearing the Trump administration would not give them time to complete the paperwork to bring the animals with them. Tuesday’s notice said it would consider case-by-case exceptions for those needing more time. But with most of the agency’s staff soon off the job, it was unclear who would process such claims or other paperwork needed for the mass removal of thousands of overseas staffers. Musk’s teams had taken USAID’s website offline over the weekend and it came back online Tuesday night, with the notice of recall or termination for global staffers its sole post. The announcement came as Secretary of State Marco Rubio was on a five-nation tour of Central America and met with embassy and USAID staff at two of the region’s largest USAID missions: El Salvador and Guatemala on Monday and Tuesday. Journalists accompanying Rubio were not allowed to witness the so-called “meet and greet” sessions in those two countries, but had been allowed in for a similar event in Panama on Sunday in which Rubio praised employees, particularly locals, for their dedication and service. At a news conference earlier Tuesday, Rubio said he has “long supported foreign aid. I continue to support foreign aid. But foreign aid is not charity.” He noted that every dollar the U.S. spends must advance its national interests. The online notice says those who will be exempted from leave include staffers responsible for “mission-critical functions, core leadership and specially designated programs” and would be informed by Thursday afternoon. “Thank you for your service,” the notice concluded. Lee reported from Guatemala City. —Elen Knickmeyer and Matthew Lee, Associated Press View the full article

The program Better Forever rewards returning mortgage customers by discounting the fee charged on their future refinance or purchase loans. View the full article

Over the first 16 days of the Trump administration, Elon Musk and a small team at the “Department of Government Efficiency” has systematically started to dismantle the agencies that keep the country running. DOGE workers have taken multiple actions that experts say are illegal, from accessing private taxpayer data to pushing workers out of their jobs. Musk (and Trump’s) power grab has arguably created a constitutional crisis—and seems likely to only get worse. “This is totally outside the bounds of the way the federal government should operate, and is required by law to operate,” says says John Davisson, director of litigation and senior counsel at the nonprofit Electronic Privacy Information Center. So far, no one has stopped Musk. But it’s possible that lawsuits that are now underway could succeed. Musk is behind a push to try to get 2 million federal workers to quit their jobs—including air traffic controllers, in an email that went out the day after a plane crash in D.C. killed 67 people. (This happened despite the fact that 90% of airports currently have a shortage of workers.) Only after a second plane crashed in Philadelphia, a day later, were air traffic controllers exempted from the general effort to try to get federal employees to take buyouts. An email sent by DOGE officials claimed that workers who took buyouts would get paid through September if they agreed to quit this month. As of Tuesday, at least 20,000 workers had agreed to leave—but the government doesn’t have the funding to pay them, and DOGE doesn’t legally have the authority to make the buyout offer in the first place. Meanwhile, some roles that cover vital day-to-day work will go unfilled. Some agencies, like the Justice Department and FBI, have seen firings that are also likely illegal. Musk’s team also reportedly accessed classified information at USAID, the international aid agency, without the proper clearance; the security officers who tried to stop them were put on leave. Musk later said that he “spent the weekend putting USAID into the wood chipper,” and that the humanitarian agency, which has saved millions of lives, was a “criminal organization” and it was “time for it to die.” On Friday, USAID announced that its 10,000 employees will be put on administrative leave. DOGE also reportedly accessed private Treasury payment systems that contain Americans’ personal data, including tax information and social security numbers, despite potential conflicts of interest with his own businesses and the risk that the data could fall into the wrong hands. Another career official was placed on leave for trying to prevent Musk’s team—including some college-age programmers with no government experience—from seeing the data. “That band of personnel is barreling in to agencies across the government, upending security and privacy and confidentiality protections and established procedures, to gain access to databases that in many cases contain vast amounts of sensitive personal information from the general public and from federal employees,” says Davisson. “And they are doing this to remake the federal government in their preferred manner, regardless of what Congress has ordained.” U.S. Sen. Elizabeth Warren speaks to a crowd gathered in front of the U.S. Treasury Department in protest of Elon Musk and the Department of Government Efficiency on February 4, 2025. [Photo: Anna Rose Layden/Getty Images] ‘The approach seems to be to move fast and break things, including the law’ Much of DOGE’s work is illegal, experts say. “Basically, the approach seems to be to move fast and break things, including the law,” says Laura Dickinson, a law professor at the George Washington University Law School who focuses on national security and human rights. “A lot of what his team is doing appears to be illegal, and they’re putting the burden of challenging this on people that are harmed.” DOGE is potentially breaking multiple laws. Its access to taxpayer information, for example, “is very likely illegal under the Privacy Act and under aspects of the Internal Revenue Code, which guarantee confidentiality of information,” Dickinson says. “There’s also a case to be made that it could violate the Federal Information Security Modernization Act, which has some cybersecurity protection. The issue here is just that that personal data is very closely regulated—who can have access to it, for privacy reasons, but also for security reasons. It’s really quite dangerous to kind of change the process for handling that data. There could be greater exposure to hackers and others.” In the case of USAID, because it was established by Congress, Musk and Trump don’t get to choose whether or not it survives. “There’s no current authority for this president, or any president, to abolish USAID,” says David Super, a law professor at Georgetown University with expertise in administrative and constitutional law. “So he’s flatly disregarding a binding statute of Congress.” The administration has folded USAID into the State Department, something that it also doesn’t have the authority to do. Now Musk’s team is also targeting the Department of Education, which Trump reportedly wants to shut down via executive order. The DOGE team also showed up at the headquarters of the National Oceanic and Atmospheric Administration (NOAA) on Tuesday, reportedly accessing computer systems with more confidential information. Project 2025 called for the agency to be “broken up and downsized.” Like USAID, the president doesn’t have the legal authority to close either department. DOGE also doesn’t have the authority to tell employees to quit. Federal law does allow for buyouts, but only if an agency decides that it wants to staff to leave early and submits a plan to the Office of Personnel Management and gets the plan approved. DOGE has “created something entirely different, without any legal authority, in which they are effectively promising federal employees that they will be paid for doing no work between now and the end of September,” Super says. “Making such a promise is illegal, and they also have no authority to keep the promise even if they wanted to.” (Unions representing federal workers have warned that the buyout offers are scams, and that workers are unlikely to actually get paid.) Lawsuits are underway Because the work is illegal, lawsuits are part of the answer. Federal employee unions sued the Trump administration on Tuesday for allowing DOGE access to sensitive data. The largest union also sued over the buyout offers, saying that the policy is “pretext for removing and replacing government workers on an ideological basis.” Public Citizen, an advocacy group, is suing over DOGE’s violation of the Federal Advisory Committee Act, a law that requires public meetings and more transparency over what the government does. More lawsuits will come. USAID workers could sue, and so could recipients of funding from USAID, including contractors who work for the agency. Anyone who’s affected, including citizens, could potentially sue. “For example, if there is someone who is signed up to get extension courses from the Agriculture Department and those courses are cut off because of the illegal change in the job responsibilities of the people who were supposed to teach that course, people could absolutely sue,” says Super. It’s possible that some court cases could move quickly, in the same way that a court almost immediately blocked the Trump administration’s attempt to freeze all federal funding. “That doesn’t mean that there won’t be serious harm,” Super says. “We’ve heard of AIDS treatment programs overseas and other things that desperately need continuity that have been shut down. All the people whose lives have been upended—people who are wondering how they’re going to make their mortgage, having taken jobs with the federal government often for less than the private sector would offer, expecting the job security that federal law provides them—now seeing their lives upset.” Still, he says “lawsuits can stop these things quite quickly.” Though this also requires the Trump administration obeying the rulings of the court. Congress also needs to act, says Maria McFarland Sanchez-Moreno, CEO of RepresentUS, a nonprofit that fights corruption. “It’s urgent that Congress do its job,” she says. “They are responsible for exercising oversight over the executive branch.” Although several Congresspeople have spoken up—Senator Brian Schatz, for example, vowed to put a blanket hold on nominees for the State Department to protest what’s happening to USAID—the majority still haven’t. “Nobody should be silent in the face of this,” Sanchez-Moreno says. “And frankly, this should not be a partisan issue. This is about very traditional, historically conservative values of rule of law and preventing corruption and abuse of authority and respecting the constitution.” In her past work in international human rights, she says she saw firsthand how important it was to act. “These sorts of issues are easier to address earlier than later—I say that having worked on autocracy and corruption in many parts of the world,” she says. “Once you have attacks on the rule of law, if it’s not protected in a pretty strong way, it can be harder to recover it.” Everything DOGE has done follows the playbook that Musk has taken at his own companies, where he’s skirted labor laws and ignored safety regulations. In some cases, he’s gotten away with it. The stakes are obviously higher now. “This is a fast-rolling catastrophe,” says Davisson. “It is happening right now and demands an immediate response. I think all of our business in Congress should be put to the side and stalled wherever possible until this gross criminality and illegality is corrected and the DOGE is forced out of these systems.” View the full article

Gmail has had an Undo Send feature for years now, and it looks like Outlook for Mac is about to get a version of it too. While Outlook Recall technically isn't new, Microsoft is streamlining bringing it to Outlook's Mac app. Recall allows you to unsend an email in Outlook and works on both the service's free and paid tiers, and you can try out a beta version right now. What is Outlook Recall?I've often sent emails without thinking too much, and only after sending did I realize that I could have chosen a different example to illustrate a problem, my tone could be perceived as a bit rude, or that my email has an embarrassing typo. I've even misspelled my own name in an email once (I still pray that the receiver didn't notice it). In all these cases, I wished that Microsoft allowed me to quickly unsend the email, and eventually, I trained myself to take a deep breath and review emails before hitting the dreaded Send button. Now, with Outlook Recall, Microsoft has a way to help you unsend emails. It works with Outlook's Windows and web apps, and now the Mac app, too. This feature is not to be confused with Microsoft's AI Recall, which quietly records everything you do on your PC. The Outlook Recall feature is only for bringing back sent emails. How to use Outlook Recall Credit: Microsoft To use Outlook Recall for Mac, you'll need to be on the Microsoft 365 Insider program. To join it, visit this page and follow the instructions for the type of Office account that you have. Note that you using updates intended for the Insider program might mean troubleshooting and dealing with occasional bugs and crashes, as they're not fully ready yet. The program is meant for testing features before they're released to the general public, so you could face weird issues in your Microsoft 365 apps. Once you've joined the Insider program, you may have to update the Outlook for Mac app to version 16.94 or newer to start using the Recall feature. Check under File > Office Account > Update Options to be sure. Outlook Recall only works if you and the receiver are subscribed to Microsoft 365 or Exchange within the same organization. If you've emailed something to someone outside the organization, you're out of luck. Once you've sent an email to another person in the same organization, follow these steps to use Outlook Recall: Go to the Sent Items folder in Outlook for Mac. Right-click the email you wish to unsend. Click Recall. This button is also available in the toolbar above your emails. Go back to your Inbox and you'll see a small popover notification telling you that the message was successfully recalled. Right-click the sent message and select Resend to send it again. Microsoft said it plans to roll out this feature to the (confusingly separate from Beta) Preview channel this month (February 2025). If all goes well, it should make it to stable version of Outlook for Mac soon. View the full article

Are you considering starting a property management service? It’s essential to recognize that the responsibilities of a property manager and real estate agents overlap in several areas. Both positions operate within the realm of the real estate industry and have some common requirements. A broker possesses the qualifications to operate as a property manager. What follows is an outline of property management activities and guidance on launching a business that caters to rental properties or investment properties. The future looks good. The property management market is projected to reach a value of 21.4 Billion USD. So, if you are considering how to make money in real estate, property management is one reliable way to achieve that. Additionally, if you’re interested in learning how to start a property management company, now is an excellent time to explore this opportunity. Important Steps to Starting a Property Management Company The process of starting a property management company is not a spontaneous one; it necessitates following a series of well-thought-out steps. Let’s delve into what these steps entail. Research Other Property Management Companies Before you can start your own property management company, you need to know what you’re up against. That means market research into the property management industry. Potential property managers need to know who their direct and indirect competitors are. Look at: Who their customers are. These are your potential clients. What products do they offer? Do they sell properties, too? Their pricing. What’s a month’s rent worth? Remember, direct competitors are other property managers. Indirect competition can include in-house managers. And those who sell real estate. Choose a Name and Brand Your Property Management Company One of the first steps in setting up your property management company is to choose a name and build a brand around it. An impactful, well-thought-out name can leave a lasting impression and help in establishing your identity in the market. Here are a few tips for aspiring property managers looking to brand their new business venture. Remember, successful property management companies start their journey with a strong brand. Make sure the name is unique. There are legal issues about duplication in most states. Try a Google search to see what’s taken. Choose the URL carefully. It needs to be memorable. Don’t just focus on the SEO value. You’ll get traffic from one person, remember. It shouldn’t be hard to spell or understand. Write a Property Management Business Plan Any successful property manager understands the value of a robust business plan in guiding their enterprise. Such a plan assists in multiple areas, including setting achievable goals, choosing an appropriate business model, and keeping the focus sharp. In the following sections, we will cover a few crucial points that need to be addressed in a well-structured business plan. Business Model and Services. Add the general structure of your business here. Plus a few words on who you are and what you do. Goals. Property managers need to have long and short-term objectives. Landlord resources written down can help you put these together. Structure. Most SMBs have specific positions. Outline them. These are key areas that a new property manager should address. Here’s a general business plan template site. Form a Legal Entity and Register To operate legally, you’ll need to select a suitable business entity for your company and register it accordingly. This crucial step not only legitimizes your operations but also defines the framework within which your business will operate. Sole Property Management Business. Business losses and profits go on the personal tax returns of a sole proprietor. A Partnership. Do you have a few commercial properties to look after? Partners claim business income on personal taxes. They are liable for claims, too. Limited Liability Corporation. Contrary to popular belief, an LLC isn’t an incorporated business. The property management company’s owners have limited financial and legal liability. Corporation. Business and personal taxes get filed separately. Open a Business Bank Account As a property management company, you could be working with various clients, including real estate investors owning multiple investment properties or individuals with residential property concerns. Regardless of the client base, a business bank account is essential for managing your company’s financial operations. This involves more than just securing a business credit card. For example, certain states mandate that funds from lease agreements be kept separate from security deposits, which requires diligent financial management. Make Sure You Have the Licenses and Permits Required in Your State Property owners expect the professionals managing their real estate properties to hold the necessary licenses and permits. Compliance with these legal requirements is key to building trust with your clients. In this context, having a real estate license, although not always necessary, can be an added advantage. Property Management License: This is a requirement for some boards. You’ll need to pass a property manager license exam. Real estate investors favor these. Real Estate Brokers License: This is a common requirement. The exam usually contains both property management and other questions. Here are some easy steps to get a real estate broker’s license. Leasing Agent License: Some states require these that specifically focus on activities in a defined real estate market. Create a Business Website and Choose a Location In the initial stages, an online presence can help you save on commercial office space and tap into the digital market, where most property management companies now operate. Having a professional website will not only save you money but also expand your reach to potential clients. However, remember to consider associated costs, such as search engine optimization for your website and hosting fees, which are essential to increasing your visibility online. A business email hosting service is good. The setup fee should be low. Consider Ongoing Costs and Fees Your business will need to balance costs and fees to stay afloat. Here’s some of what you’ll need to look at. Ongoing Management Fee. The money you get paid. Charge a flat rate or a commission on the rental value. Lease Renewal Fees. Be sure to clarify these. Usually, they can be at a flat rate or a percentage of rent. Legal Fees. You don’t need to pay for them. They’re optional, but a real estate lawyer can help. Max cost is $1,500 USD. Utilities. This is a cost if you’re going brick and mortar. Water, heat, and hydro. Property taxes, too. Advertising. Business cards, signage, and digital marketing are just a few possibilities. The national average for a business sign is $438 dollars. Don’t forget to add in your tools and a leasing fee if there’s no existing tenant. Get Your Taxes in Order Understanding and organizing your tax obligations is vital for running a successful property management company. Taxes in the property management sector can be complex, and they vary depending on your business structure and location. Here are key points to consider: Research Local Tax Laws: Ensure you are aware of the state and local tax laws applicable to property management businesses in your area. Consider Hiring a Tax Professional: An accountant or tax specialist can help navigate the complexities of real estate taxes, deductions, and credits. Organize Your Records: Keep detailed financial records, including all income, expenses, and receipts. Familiarize Yourself with Self-Employment Taxes: As a sole proprietor, you should be ready to manage self-employment taxes that include contributions to Social Security and Medicare. Regular Tax Filings: Ensure timely quarterly or annual tax filings to avoid penalties. Investigate Tax Deductions: Determine possible tax deductions related to property management, including operating expenses, travel costs, and office expenses. If you’re a self-employed manager of your own company, there are separate rules. Purchase Business Insurance Just like any other business, obtaining business insurance is essential for a property management company. This protective measure safeguards your business against unforeseen financial challenges, offering a safety net for your venture. Errors and Omissions Insurance. Also called professional liability insurance. Protects against property manager mistakes. General Liability Insurance. Covers day-to-day services. Tenant Discrimination Insurance. It is not necessarily covered under the general liability policy. Plan Your Accounting System Setting up an efficient accounting system is crucial for managing the financial aspects of a property management company. An effective system will help you track income, expenses, and profitability. Here are some important steps to consider: Choose the Right Accounting Software: Select software that can specifically cater to property management needs, like tracking rent payments and maintenance expenses. Maintain Separate Accounts: Keep client funds, such as security deposits and rent collections, separate from your business operating funds. Regular Financial Reporting: Generate monthly financial reports to stay informed about your business’s financial health. Monitor Cash Flow: Keep a close eye on your cash flow to ensure you have enough funds to cover operating expenses and plan for future investments. Hire a Professional Accountant: It may be beneficial to engage an accountant who specializes in real estate and property management to handle your financial records and offer expert financial guidance. Keeping the books straight is important. Look for software that can capture records for individual properties. Set Up Your Business Phone System Given the nature of a property management business, maintaining consistent communication is key. Opt for a business phone system that offers useful features like a mobile app, voicemail-to-email service, and the flexibility to add or remove users as per your business needs. Hire Staff Now, let’s talk about staffing. Here are some of the key roles you’ll need to fill to ensure the smooth operation of your property management company. In certain circumstances, you might need to look into obtaining a National Interest Exemption (NIE). RoleDescription Property ManagerThey are responsible for collecting rents, managing budgets, and overseeing various property-related tasks. AccountantTheir role involves managing all financial records, keeping track of incomes and expenses, and ensuring financial compliance. Maintenance OfficerAs the name suggests, they handle all maintenance requests, ensuring that all properties are kept in good repair and meeting all necessary standards. Marketing Officer (If budget allows)Responsible for creating and implementing marketing strategies to attract potential tenants and increase the company's visibility in the market. Finalize Your Services and Pricing Structure Once you have a clear understanding of your services, it’s time to associate costs and fees with each service. This will allow you to calculate revenue forecasts and make necessary adjustments to the numbers, ensuring your pricing remains competitive while also profitable. Consider Property Management Software Financial tracking is crucial when dealing with rental properties, making property management software an invaluable tool. Features like rent collection and tenant tracking are essential to efficiently manage your property portfolio. Market Your Business An effective marketing strategy can significantly boost your real estate sale activities. Ensure your website is well-optimized for search engines and designed to be mobile-friendly, as the majority of users now access the web via mobile devices. Expand Your Portfolio Every property owner seeks a successful property manager to maximize their return on investment (ROI). Starting a property management business becomes more straightforward when following the steps listed here. As your portfolio expands and your clients’ monthly rental income spikes, you’ll find more property owners queuing up to bring you on board. Starting a property management company requires careful planning, strategic implementation, and a constant eye on evolving market trends. This journey might appear challenging, but by adhering to the steps detailed in this guide, you are setting yourself up for success in the dynamic realm of property management. Always remember that, at the core, this business revolves around people and properties – a seamless blend of strong relationships and meticulous care for assets. As your business takes root and begins to flourish, you’ll find the journey equally rewarding as the destination itself. Go forth and conquer the world of property management with confidence and competence! What is a Property Management Company? So, what does a property management company do? Simply put, these individuals or teams shoulder the responsibility of managing a property that is owned by another party. Their jurisdiction includes various types of residential property, along with industrial and commercial spaces. Their tasks range from rent collection and property advertisement to the regular cleaning and maintenance of the premises. These companies are often the preferred choice for absentee landlords who seek expert management for their properties. How Much Does it Cost to Start a Property Management Company? You need to consider capital and operating expenses to start this type of business. Property management enterprises start out with costs averaging $19,267 dollars. These businesses often collaborate with real estate agents to facilitate the sale of apartment buildings and contribute to other related activities. Image: Depositphotos This article, "How to Start a Property Management Company" was first published on Small Business Trends View the full article

Are you considering starting a property management service? It’s essential to recognize that the responsibilities of a property manager and real estate agents overlap in several areas. Both positions operate within the realm of the real estate industry and have some common requirements. A broker possesses the qualifications to operate as a property manager. What follows is an outline of property management activities and guidance on launching a business that caters to rental properties or investment properties. The future looks good. The property management market is projected to reach a value of 21.4 Billion USD. So, if you are considering how to make money in real estate, property management is one reliable way to achieve that. Additionally, if you’re interested in learning how to start a property management company, now is an excellent time to explore this opportunity. Important Steps to Starting a Property Management Company The process of starting a property management company is not a spontaneous one; it necessitates following a series of well-thought-out steps. Let’s delve into what these steps entail. Research Other Property Management Companies Before you can start your own property management company, you need to know what you’re up against. That means market research into the property management industry. Potential property managers need to know who their direct and indirect competitors are. Look at: Who their customers are. These are your potential clients. What products do they offer? Do they sell properties, too? Their pricing. What’s a month’s rent worth? Remember, direct competitors are other property managers. Indirect competition can include in-house managers. And those who sell real estate. Choose a Name and Brand Your Property Management Company One of the first steps in setting up your property management company is to choose a name and build a brand around it. An impactful, well-thought-out name can leave a lasting impression and help in establishing your identity in the market. Here are a few tips for aspiring property managers looking to brand their new business venture. Remember, successful property management companies start their journey with a strong brand. Make sure the name is unique. There are legal issues about duplication in most states. Try a Google search to see what’s taken. Choose the URL carefully. It needs to be memorable. Don’t just focus on the SEO value. You’ll get traffic from one person, remember. It shouldn’t be hard to spell or understand. Write a Property Management Business Plan Any successful property manager understands the value of a robust business plan in guiding their enterprise. Such a plan assists in multiple areas, including setting achievable goals, choosing an appropriate business model, and keeping the focus sharp. In the following sections, we will cover a few crucial points that need to be addressed in a well-structured business plan. Business Model and Services. Add the general structure of your business here. Plus a few words on who you are and what you do. Goals. Property managers need to have long and short-term objectives. Landlord resources written down can help you put these together. Structure. Most SMBs have specific positions. Outline them. These are key areas that a new property manager should address. Here’s a general business plan template site. Form a Legal Entity and Register To operate legally, you’ll need to select a suitable business entity for your company and register it accordingly. This crucial step not only legitimizes your operations but also defines the framework within which your business will operate. Sole Property Management Business. Business losses and profits go on the personal tax returns of a sole proprietor. A Partnership. Do you have a few commercial properties to look after? Partners claim business income on personal taxes. They are liable for claims, too. Limited Liability Corporation. Contrary to popular belief, an LLC isn’t an incorporated business. The property management company’s owners have limited financial and legal liability. Corporation. Business and personal taxes get filed separately. Open a Business Bank Account As a property management company, you could be working with various clients, including real estate investors owning multiple investment properties or individuals with residential property concerns. Regardless of the client base, a business bank account is essential for managing your company’s financial operations. This involves more than just securing a business credit card. For example, certain states mandate that funds from lease agreements be kept separate from security deposits, which requires diligent financial management. Make Sure You Have the Licenses and Permits Required in Your State Property owners expect the professionals managing their real estate properties to hold the necessary licenses and permits. Compliance with these legal requirements is key to building trust with your clients. In this context, having a real estate license, although not always necessary, can be an added advantage. Property Management License: This is a requirement for some boards. You’ll need to pass a property manager license exam. Real estate investors favor these. Real Estate Brokers License: This is a common requirement. The exam usually contains both property management and other questions. Here are some easy steps to get a real estate broker’s license. Leasing Agent License: Some states require these that specifically focus on activities in a defined real estate market. Create a Business Website and Choose a Location In the initial stages, an online presence can help you save on commercial office space and tap into the digital market, where most property management companies now operate. Having a professional website will not only save you money but also expand your reach to potential clients. However, remember to consider associated costs, such as search engine optimization for your website and hosting fees, which are essential to increasing your visibility online. A business email hosting service is good. The setup fee should be low. Consider Ongoing Costs and Fees Your business will need to balance costs and fees to stay afloat. Here’s some of what you’ll need to look at. Ongoing Management Fee. The money you get paid. Charge a flat rate or a commission on the rental value. Lease Renewal Fees. Be sure to clarify these. Usually, they can be at a flat rate or a percentage of rent. Legal Fees. You don’t need to pay for them. They’re optional, but a real estate lawyer can help. Max cost is $1,500 USD. Utilities. This is a cost if you’re going brick and mortar. Water, heat, and hydro. Property taxes, too. Advertising. Business cards, signage, and digital marketing are just a few possibilities. The national average for a business sign is $438 dollars. Don’t forget to add in your tools and a leasing fee if there’s no existing tenant. Get Your Taxes in Order Understanding and organizing your tax obligations is vital for running a successful property management company. Taxes in the property management sector can be complex, and they vary depending on your business structure and location. Here are key points to consider: Research Local Tax Laws: Ensure you are aware of the state and local tax laws applicable to property management businesses in your area. Consider Hiring a Tax Professional: An accountant or tax specialist can help navigate the complexities of real estate taxes, deductions, and credits. Organize Your Records: Keep detailed financial records, including all income, expenses, and receipts. Familiarize Yourself with Self-Employment Taxes: As a sole proprietor, you should be ready to manage self-employment taxes that include contributions to Social Security and Medicare. Regular Tax Filings: Ensure timely quarterly or annual tax filings to avoid penalties. Investigate Tax Deductions: Determine possible tax deductions related to property management, including operating expenses, travel costs, and office expenses. If you’re a self-employed manager of your own company, there are separate rules. Purchase Business Insurance Just like any other business, obtaining business insurance is essential for a property management company. This protective measure safeguards your business against unforeseen financial challenges, offering a safety net for your venture. Errors and Omissions Insurance. Also called professional liability insurance. Protects against property manager mistakes. General Liability Insurance. Covers day-to-day services. Tenant Discrimination Insurance. It is not necessarily covered under the general liability policy. Plan Your Accounting System Setting up an efficient accounting system is crucial for managing the financial aspects of a property management company. An effective system will help you track income, expenses, and profitability. Here are some important steps to consider: Choose the Right Accounting Software: Select software that can specifically cater to property management needs, like tracking rent payments and maintenance expenses. Maintain Separate Accounts: Keep client funds, such as security deposits and rent collections, separate from your business operating funds. Regular Financial Reporting: Generate monthly financial reports to stay informed about your business’s financial health. Monitor Cash Flow: Keep a close eye on your cash flow to ensure you have enough funds to cover operating expenses and plan for future investments. Hire a Professional Accountant: It may be beneficial to engage an accountant who specializes in real estate and property management to handle your financial records and offer expert financial guidance. Keeping the books straight is important. Look for software that can capture records for individual properties. Set Up Your Business Phone System Given the nature of a property management business, maintaining consistent communication is key. Opt for a business phone system that offers useful features like a mobile app, voicemail-to-email service, and the flexibility to add or remove users as per your business needs. Hire Staff Now, let’s talk about staffing. Here are some of the key roles you’ll need to fill to ensure the smooth operation of your property management company. In certain circumstances, you might need to look into obtaining a National Interest Exemption (NIE). RoleDescription Property ManagerThey are responsible for collecting rents, managing budgets, and overseeing various property-related tasks. AccountantTheir role involves managing all financial records, keeping track of incomes and expenses, and ensuring financial compliance. Maintenance OfficerAs the name suggests, they handle all maintenance requests, ensuring that all properties are kept in good repair and meeting all necessary standards. Marketing Officer (If budget allows)Responsible for creating and implementing marketing strategies to attract potential tenants and increase the company's visibility in the market. Finalize Your Services and Pricing Structure Once you have a clear understanding of your services, it’s time to associate costs and fees with each service. This will allow you to calculate revenue forecasts and make necessary adjustments to the numbers, ensuring your pricing remains competitive while also profitable. Consider Property Management Software Financial tracking is crucial when dealing with rental properties, making property management software an invaluable tool. Features like rent collection and tenant tracking are essential to efficiently manage your property portfolio. Market Your Business An effective marketing strategy can significantly boost your real estate sale activities. Ensure your website is well-optimized for search engines and designed to be mobile-friendly, as the majority of users now access the web via mobile devices. Expand Your Portfolio Every property owner seeks a successful property manager to maximize their return on investment (ROI). Starting a property management business becomes more straightforward when following the steps listed here. As your portfolio expands and your clients’ monthly rental income spikes, you’ll find more property owners queuing up to bring you on board. Starting a property management company requires careful planning, strategic implementation, and a constant eye on evolving market trends. This journey might appear challenging, but by adhering to the steps detailed in this guide, you are setting yourself up for success in the dynamic realm of property management. Always remember that, at the core, this business revolves around people and properties – a seamless blend of strong relationships and meticulous care for assets. As your business takes root and begins to flourish, you’ll find the journey equally rewarding as the destination itself. Go forth and conquer the world of property management with confidence and competence! What is a Property Management Company? So, what does a property management company do? Simply put, these individuals or teams shoulder the responsibility of managing a property that is owned by another party. Their jurisdiction includes various types of residential property, along with industrial and commercial spaces. Their tasks range from rent collection and property advertisement to the regular cleaning and maintenance of the premises. These companies are often the preferred choice for absentee landlords who seek expert management for their properties. How Much Does it Cost to Start a Property Management Company? You need to consider capital and operating expenses to start this type of business. Property management enterprises start out with costs averaging $19,267 dollars. These businesses often collaborate with real estate agents to facilitate the sale of apartment buildings and contribute to other related activities. Image: Depositphotos This article, "How to Start a Property Management Company" was first published on Small Business Trends View the full article

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A sweeping new U.S. tariff on products made in China is expected to increase the prices American consumers pay for a wide array of products, from the ultracheap apparel sold on online shopping platforms to toys and electronic devices such as computers and cellphones. An additional 10% tariff on all Chinese goods took effect Tuesday, while the U.S. Postal Service announced it will stop accepting parcels inbound from China and Hong Kong until further notice. The previous day, President Donald Trump agreed to pause his threatened tariffs against Mexico and Canada for 30 days following negotiations on Trump’s demands for the North American nations to take steps to reduce illegal immigration and the flow of drugs such as fentanyl into the U.S. After failing to get a similar White House reprieve, China struck back with retaliatory tariffs on some U.S. goods that are set to begin next week. The sheer volume and variety of the China-made merchandise sold in the U.S. means residents would probably see the prices of many typically inexpensive items tick higher if the tit-for-tat tariffs persist. These are some of the products most likely to be impacted: Electronics, home supplies, and car parts The U.S. imported about $427 billion worth of goods from China in 2023, the most recent year with complete data, according to the U.S. Census Bureau. Consumer electronics, including cellphones, computers, and other tech accessories, make up the biggest import categories. China is a dominant production engine for tech gear, including for American companies like Apple that have their products assembled in the country. In 2023, China accounted for 78% of U.S. smartphone imports and 79% of laptop and tablet imports, the Consumer Technology Association trade group reported. The tariffs also may affect how much consumers pay for typically inexpensive clothing, shoes, and kitchen items like pots and pans, as well as the big-ticket items, such as appliances, furniture, and auto parts. Jay Salaytah, 43, who runs his own auto repair shop in Detroit, said he bought some pieces of equipment sooner than he might have, anticipating they would cost more if Trump implemented his campaign promise to use import tariffs as a tool to promote U.S. manufacturing. “I knew the costs were going to go up, and these are manufactured in China,” Salaytah said of a probe test light he purchased before Tuesday’s tariff went into effect. Low-cost apparel and accessories In addition to imposing a new tariff on Chinese imports, Trump’s executive order also suspended a little-known trade exemption that allowed goods worth less than $800 to come into the U.S. duty-free. The order left open the possibility for the loophole to still be used with shipments from other countries. The trade rule, known as “de minimis,” has existed for nearly a century. It came under greater scrutiny in recent years due to the rapidly growing number of low-cost items coming into the U.S. from China, mainly from prominent China-founded online retailers such as Shein, Temu, and Alibaba’s AliExpress. Former President Joe Biden’s administration proposed a crackdown on the loophole in September, but the rules did not take effect before Biden left office. Shein and Temu have gained global popularity by offering a quickly updated assortment of ultra-inexpensive clothes, accessories, gifts, and gadgets shipped mostly from China, allowing the two e-commerce companies to compete on the home turf of American companies. Seattle-based Amazon is trying to compete with them through an online storefront that mimics their business model by offering cheap products shipped directly from China. Chinese exports of low-value packages soared to $66 billion in 2023, up from $5.3 billion in 2018, according to report released last week by the Congressional Research Service. In the U.S., Temu and Shein comprise about 17% of the discount market for fast fashion, toys, and other consumer goods, the report said. How much will prices go up? It’s unclear. Under de minimis, Shein, Temu, and AliExpress could bypass taxes collected by customs authorities. But under the changes effective Tuesday, company shipments from China will now be subject to existing duties plus the new 10% tariff imposed by Trump, analysts said. “The vast majority of these orders are valued less than $800, which means all or virtually all of them are going to get caught in that,” Youssef Squali, an analyst at Truist Financial, said. Juozas Kaziukenas, founder of e-commerce intelligence firm Marketplace Pulse, said he thinks the price increases on platforms like Shein and Temu will be “pretty small” and the products they sell will remain cheap. However, the rule change is likely to result in delivery delays since the packages now have to go through customs, Kaziukenas said. The new tariffs will also hit third-party sellers on Amazon that import products from China, according to Squali. He expects sellers to eat some of the costs and pass the rest onto customers, which he thinks could result in percentage price increases in the mid-single digits. Other e-commerce sites that host businesses, such as Etsy, are also going to be impacted, Squali said. Temu, which is owned by China’s PDD Holdings, has previously said its growth did not depend on the de minimis policy. Though most of its products are shipped from China, Temu has been recruiting Chinese merchants to store inventory in the U.S., a move that experts said would allow it to not be as exposed to changes around the trade rule. In January, China also introduced measures to help cross-border e-commerce build overseas warehousing by offering them tax rebates or tax exemptions What are U.S. retailers saying? The day after November’s U.S. presidential election, Brieane Olson, CEO of teen clothing chain PacSun, went to Hong Kong to meet with factory executives to figure out ways to prepare for Trump’s tariff plan. Roughly 35% to 40% of PacSun’s garments are made in China, even as the chain has accelerated moves to diversify with suppliers in countries like Cambodia and Vietnam. But Olson said Trump’s 10% tariff on Chinese goods was less extreme than the company anticipated. For now, PacSun doesn’t plan to increase prices on its products or move its manufacturing of knitwear and denim out of China. Toys are another category of consumer products that relies heavily on imports from China. Greg Ahearn, the president and CEO of The Toy Association trade group, said he thinks toy companies that source in China are going to absorb the cost of the new tariff in the short term. Eventually, those price hikes will be moved onto the consumer, Ahearn said. Associated Press writers Anne D’Innocenzio in New York, and Christopher Rugaber and Didi Tang in Washington contributed to this report. —Haleluya Hadero, Associated Press View the full article

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