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Jack Ma’s hiring tip: ‘If you think he will be your boss in five years, hire him’

Jack Ma

Jack Ma, the founder of Chinese e-commerce behemoth Alibaba, sees serious change on the horizon. In the next 30 years, artificial intelligence will outpace human knowledge, leading to job loss, the billionaire.

“The new wave is coming. Jobs will be taken away,” Ma says. “Some people, who catch up [with] the wave, will be rich, will be more successful.”

But for those who fall behind, says Ma, the future will be “painful.”

 At the heart of the fast-approaching technological new age, Ma says, is data. According to his projections for the future job market, skills associated with data and its analysis will become extremely valuable.

“The world is going to be data,” Ma says. “I think this is just the beginning of the data period.”

In a wide-ranging interview with Charlie Rose at Alibaba’s Gateway ’17 event in Detroit, Jack Ma touched on topics like Taobao’s humble beginnings, the hiring tip he gives colleagues and the struggles of an entrepreneur.

The founder and executive chairman shared how he has never stopped being a teacher, how he is planning for retirement and the opposition he faced in the early days of the internet in China.

Check the following link to get the motivational video of Jack Ma. The best thing is that according to him we don’t need to worry about our future.

https://youtu.be/V-UsGuZHAMA

Jack ma

Jack Ma always says that I will only hire those people who will be more hardworking or intelligent than me.

So the qualities he is always in the people are somehow those that are in his own self. Some of the qualities that he think we should have in our self are given below.

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Believe in your dreams:

The best quality a one person can have is to try believe in what their dreams are and do as much as required hard work is required. Nothing can stop you from doing anything or to follow your dreams if you really believe in what you do.

Following is the link that will help you to get to the video of Jack MA in which he is motivating us about the importance of our dreams or how we can follow them properly to get what we desired for.

https://youtu.be/X9JExlvPwcs

Take time to train your mind:

Jacky

You should always give yourself time to understand what your mind desired for and than work for it so you can train your mind the way you want it to work for your dreams.

In life its better if your heart and mind properly understand what you are trying to do or to achieve in life. so if your mind and heart is focusing on the same aim you are dreaming off you will surely get success after giving complete hard work.

It can only happen when you give time to your mind so you can focus in your life.

Following video of Jack Ma will help you to understand the importance of time you need to focus on.

https://youtu.be/lYGGpc2mMno

 

FAQS

Q. What are the principles of Jack Ma?

Ans. The top and best principle of jack ma is to accept failure as a leader. If you are a leader and leading a team or company you need to accept if you failed in something but never give up, get up and try again.

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Q. What are the working days and working time of Jack Ma?

Ans. The working days of Jack Ma is six days a week and more that 12 hours in a day.

Q. What is the real name and age of Jack ma ?

Ans. His real name is Ma Yun and he is 58 years in 2023.

Q. What is the net worth of Jack Ma in 2023?

Ans. The approximate net worth of Jack Ma in 2023 is 34.5 Billion USD.

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Business

Determining Rental Property Value: Guide for Landlords

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On paper running a real estate business seems straightforward. After all, all you have to do is ensure your expenses don’t exceed your rental income, right? Unfortunately, it’s rarely ever that simple. As a landlord, you have to strike a balance between making profits and keeping your rental rates low enough to attract tenants and to accurately do that you have to determine your rental property value. Here’s how:  

How to Determine Rental Property Value 

Property Type and Size

Evaluate your property’s features to get an accurate estimate of its worth on the market. A 3-bedroom single-family unit would be more expensive than a 2-bed apartment in a multi-unit complex, assuming they’re in the same neighborhood. Comparing the property cost with others can help owners define a more accurate figure on how much the rental investment is worth. 

 

This approach involves using the sales comparison method, where appraisers determine a rental’s value based on the price tag of similar properties. Most experts recommend using at least three properties to get a better picture, especially because finding an exact unit that matches your location, square feet, type, and amenities can be difficult. 

Property Condition

Consider how modern your property’s amenities and features are to calculate its value on the market. Another way real investors determine a rental’s value is by assessing its current condition and estimating how much it would cost to reconstruct it from scratch. The idea behind this assessment method, often referred to as the cost approach, is that investors the price of an existing property should match the cost of land, construction, and any depreciation. Ideally, property owners should not pay more for a property they can build for less. 

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This method is beneficial when landlords cannot compare their property type and size to recent sales, or in markets with well-defined construction costs, and it uses the formula:

Value of Property = Cost – Depreciation + Land Value

Rental Demand and Supply

Observe the local rental market closely to understand how current demand and supply affect your property’s worth. An accurate property valuation has to always consider the local market because location often plays a major role in determining the price of a rental. For instance, identical apartments in diverse neighborhoods can have different prices. On one hand, a three-bed and two-bath unit can cost up to $250,000 in a high-demand area with a low crime rate. However, an identical property in a less savory neighborhood could have a price tag of $180,000, which is why you should hire a knowledgeable rental property manager in Carroll County to guide you on the rental values in your area.

Seasonal Demand Fluctuations in Rental Properties

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High vs Off-Season

Plan your property purchases and sales around the calendar year to get the best results. Rental prices often follow a pattern that correlates with the seasons, allowing savvy investors to plan and take advantage of the cycle to maximize their profits. If you have some experience in real estate, most home searchers are most active in warmer weather, during the spring and summer seasons when house hunting is most convenient and coincides with the beginning of a new school year. Fall and winter months record less real estate activity, making properties cheaper as there are fewer potential renters. 

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Economic Factors

Use current trends to measure the potential value of your property. Aside from the seasonal fluctuations, rental prices can also vary from one year to the next based on the economy. For example, during the pandemic the economy slowed down, borrowing became expensive, and housing prices shot through the roof. As a result, predictions of cheaper housing in the off-season of the following years were still higher than projected estimates. Research market value to see options on how to increase property value so your rental stands out in any season. 

Tourist Destinations

Anticipate changes in rental property demand during tourist peak and off-season. This tip is especially useful for vacation rental owners who have to plan around the holidays when vacation spots are full. Coastal towns are more likely to experience an influx of guests when the weather is warmer and tourists are off to the beach. In contrast, rental properties near ski resorts see higher demand in winter when locals and visitors want to stay somewhere cozy. 

Conclusion 

Being able to accurately determine your rental property’s value can give you a competitive edge in the market. Knowing how much a property is worth allows investors to decide if a potential apartment is worth the trouble, and how much rental income they can earn from their investment. Comparing your property’s type and size to similar and recent sales is a great way to estimate its price, but you can also use its current condition and local rental trends. 

Consider how seasonal factors can affect rental property prices. The weather, economy, and tourist locations can easily influence occupancy rates, affecting your estimates in the long run. That’s why insightful investors also rely on the advice of experienced property managers to help them navigate rental property values. 

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A blog which focuses on business, Networth, Technology, Entrepreneurship, Self Improvement, Celebrities, Top Lists, Travelling, Health, and lifestyle. A source that provides you with each and every top piece of information about the world. We cover various different topics.

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