Living in the UK for few years I was wondering how the cable distribution technology has evolved with the advancement in the electronics and space technology. With Satellite television or digital set top boxes, television companies are now able to track how famous is their channel with how many people are subscribed. People get seamless high picture and sound quality and they pay for only those channels which they watch. I have even heard of the rumours that the new Xbox gaming console will be able to track your TV viewing habits and reward you with achievements for watching certain advertisements or for completing certain series or other dynamically added customized goals. All this is possible with the digitalization of cable TV.
When I arrived in India few weeks back I was surprised that until then there was no mandatory rule to digitalize the analog cable network in the country which is the hub of global entertainment. Television channels are relying more on advertisements for money than on subscription. While in big metropolitan cities like Delhi, Mumbai and Chennai digital TV had become popular, but its popularity was still very less in other cities like Bangalore, Hyderabad, Kanpur, etc. It was very recently that government of India strictly banned analog cable TV in almost all major cities and will be completely banned in India by the end of 2014.
In UK there are already a number of digital TV service provider and I was subscribed to BT packages which provided TV and inclusive broadband and call facility for £25 ($38) a month which included a one-time gift card for the same amount. A similar service can be provided by Reliance or Airtel in India if they merge their broadband and call services with digital TV. MTNL has already been providing a similar facility through its IPTV service which is a broadband cum TV service in Delhi and Mumbai.
When compared to UK, TV subscription in India is extremely cheaper. Cable operators were providing nearly 100 channels for mere $3-$6 depending on the region. Digital TV can also be more or less for the same cost. Depending on the requirement, a subscriber can reduce his or her monthly bill up to $2-$3, however, viewers will have to make one-time investment buying and installation of set top box/satellite signal receiver.
How will you be benefited?
Cable operators could provide only 100-150 channels whereas there are nearly 600 channels available in India. Most of the TV sets support storing of only 100 channels, thus to view additional channels viewers have to manually override the particular channel for temporary viewing. With set top box viewing more than 500 channels can become easy without even storing them. Not all channels received through cable are clear, some are received with poor signal and noise. Viewers can’t watch any channel if there is technical fault, cable damage or load shedding at the place from where the cable operator operates. Viewers have to pay a full monthly bill even if they watch only one channel. Cables above the ground in the residential area causes complex wire mesh which is unpleasant to the eyes. A large number of cable operators bundle a lot of free-to-air channels with few paid channels and charge the subscribers more money claiming to provide more channels.
How the Industry will be benefited?
There are several limitations in the analogue system. Like, how I mentioned before, it is difficult to precisely estimate how many people are making use of cable services. Only the cable operators are aware of the actual numbers, in fact in some cases even they are not aware, as stealing cable line is very easy. Since stealing cable doesn’t cause any loss to the actual subscriber people do not raise complaint against this. As I mentioned above cable operators can only distribute nearly 100 to 150 channels, broadcasters who would like their channels to be distributed have to pay a hefty amount of fees to these operators. Cable operators also work as bill collection agents and the bill should be split between broadcasters, Multi System Operators and Local Cable Operators in the ratio proportion of 45:30:25. Since Local Cable Operators are in charge of their region, they do not report exact amount of subscribers and declare what is not even 20% of the whole ₹19,400 crores ($3.45billion) subscription based business, confirmed by a 2010 report by FICCI and KPMG.
Such a bold step by the government will reduce the control held by the Local Cable Operators and broadcasters will earn the actual money they deserve and subscribers will pay for only those channels they watch in high quality. In develop markets, such as United Kingdom, there are channels which survive entirely on subscription fees thus making themselves ad free. If in India this is implemented on time, we might see better viewing experience without having long advertisement breaks.
Digitalization of TV will also give scope to smart TV manufacturers to develop and implement more exciting features to make entertainment a better experience. As I mentioned Xbox integration earlier, I think it would be an advance feature which many young generation Indians would appreciate.
Turn Your Passion into a Career: How to Make Money Doing What You Love
Many dreams of turning their hobby, passion, or creative outlet into a career. It’s a beautiful idea, but it can take time to figure out where to start. Here’s a guide on successfully turning your hobby into a career.
Do Your Research
Before you turn your hobby into a business, please research and find out what the industry looks like, your potential customers and their needs. Next, consider your strengths, skills, and knowledge and decide how to use them in this new venture. Finally, consider what makes you unique in the industry and how you can market yourself.
Take A Strong Career Test
A Strong Career Test can help you identify your ideal job and the type of environment you would flourish in. In addition, knowing this information can give you an idea of what kind of business to start and whether it’s something you’d be passionate about.
Think About Finances and Legalities
Once you have an idea of what you want to do, consider the financial aspect – are there any costs associated with getting started? What sort of budget will you need? Will there be any tax implications? It’s also essential to think about the legal side of things – if necessary, consult with a lawyer specializing in business law so that you understand all the regulations associated with starting up and protecting your intellectual property rights.
Create a Business Plan
Now that you have researched and considered the legalities and finances involved, create a business plan that outlines all this information. Make sure it includes short-term and long-term objectives to keep track of your progress over time. Be realistic when setting targets for yourself – don’t aim too high at first because this could set you up for failure if it doesn’t pan out. Also, consider whether or not there is potential for growth or expansion once your business gets off the ground. This may include marketing strategies such as social media campaigns or investing in advertising materials such as brochures or flyers.
Networking is essential when launching any new business; it’s about building relationships with people who may be interested in your offer. Start by reaching out to family, friends, and acquaintances who may already know about your business or service offering; they may even be willing to share it with others! Additionally, join online groups related to your area of expertise – these are great places for exchanging ideas with like-minded people and potentially finding potential customers/collaborators/mentors/partners, etc. Finally, attend events such as trade shows or conferences where relevant topics are discussed – these are ideal opportunities for making connections within the industry that could prove beneficial down the line!
Turning your hobby into a career is no small task, but it can be approached thoughtfully and strategically! Please research the industry thoroughly before beginning to understand its nuances; familiarize yourself with the legalities of running a business; create a viable yet ambitious business plan; network extensively (both online & offline). And never give up! With dedication & hard work, anything is possible.
Top Tips for Moving Your Business to an Office
Every business starts somewhere, and every successful business will eventually reach certain points in its growth journey that require the next step to be taken. For a lot of businesses, one of these steps is transitioning from a home or temporary work area into an office space. Moving into an office, although bringing a new set of costs and challenges also brings a new set of positives and opportunities. Not to mention upgrading to an office space can have the added benefit of improving the culture and productivity of your business.
This step should be seen as an exciting new investment and not something to be afraid of so if you are considering taking the next step or wondering what you should think about when looking at moving your business into an office space then the following tips may be of use to you.
Choosing the right location for your office
Whatever your reasons are for taking the next steps and moving your business into an office, you must choose the right location for it. You will not only need to be aware of its location for your staff but also depending on the type of business you own you may need to consider its location for your customers as well. You might find “the perfect workspace” internally, or one that fits or is much less than your budget, but it may not be in a suitable location for your business’s requirements, ultimately leading to a negative investment in the future.
Buying or hiring adequate equipment
Your office needs to be equipped adequately so as to enable your staff to do their job properly, and although budgets can be tough it is important to at least get the basics. An option you could look into would be something like mac studio rental equipment which can be sourced as a cost-effective way to enhance your short-term, and even long-term projects with high-end, and portable equipment that you may not be able to afford to start with. Whether you are working on a video production, hosting a conference, or heading to a marketing event, investing in the right equipment is a must.
Create a positive working environment
When moving into a new workspace, (just like when moving into a new home) you will be given an empty husk or a blank canvas that you can over time put your own flare into. Creating a positive working environment is not only based on your company’s work ethics, such as inclusivity, events, incentives, and how you treat your staff in general, but also on how you present, decorate, equip, and maintain your business’s workspace. No one will want to come to work or do their best if the office space you provide them is not a nice place to be in, so be sure to implement the best working environment possible for you and your team.
Consider your budget and growth
A big part of running a successful business is to make sure you are acquiring more wealth than you are spending so that your business can continue to grow. When you are looking at moving into an office with your business you need to consider all the expenses that this will bring with it. Rent, bills, insurance, etc. You might have to make a decision and choose a smaller office to start with before investing in your dream office space, as running before you can walk may hinder your business’s progression.
Ensure that your office space is fit for purpose
All businesses have different workspace requirements depending on what they specialize in, for example, if your business primarily works with clients overseas or on the phone then the office space needs to only really accommodate your employees, their desks, and equipment. Whereas if your business requires customer-facing meetings then you will also need to consider whether the office space you are planning to move into has conference room spaces available. Maybe your business is more “hands on” for example a computer diagnostics and repair shop and may require a workshop space too. So be sure to consider what your office space needs to be used for and whether it is fit for purpose.
So, whether your business is already at the stage where you are looking to find your perfect office space and take the next step, or if you are just starting out as a new business, acquiring and building the right office space is vital.
Are You Leaving Your Business Open To These Common Security Pitfalls?
Security is a critical concern for business owners operating on the market today. If there is a security breach in your company, then it can end up costing you a fortune. As well as this, it can also end up damaging your business reputation and this will lead to you losing more and more customers and clients. Aside from losses of sales and damage to your business reputation, there’s another problem that you can have here too. That’s the legal factor. Businesses these days are required to reach certain security standards. If you don’t do this, then you are going to be leaving your company open to a potential lawsuit. So, let’s look at some of the ways that you might be leaving your business open to security pitfalls and the best ways to correct these troubles.
Failing To Secure Tech
First, you need to make sure that you are taking steps to secure your tech. There are lots of ways that you can do this. For instance, you might be getting rid of old tech. If so, then it’s essential that you wipe all the data. You should start by clearing out the Google search history. If you don’t do this, then there’s a chance that there will be remnants of passwords and encryptions that a criminal could use to access your company’s sensitive data. If you’re wondering how to delete Google search history, you’ll be pleased to hear that it’s relatively simple. By that’s just the beginning, once you have cleared the history, you’ll need to complete a more comprehensive clean up of the tech. Some businesses will even decide to hire a professional service to ensure that this work is completed the right way and that absolutely no data is left.
Forgetting About The Cloud
Are you wondering the best way to keep your business data secure? The answer is simple. It’s the cloud. Experts agree that by using the cloud, you will always have a greater chance of avoiding a hack or potential theft of data in your business model. It really is that simple. The benefit of a cloud server is that it keeps your data offsite and restricts the access.
You might assume that it’s going to be difficult to access a cloud solution that will suit your business. However, we’re pleased to say that’s not the case. Instead, cloud solutions are completely scalable and thus can be accessed by any type or size of company you can imagine.
Failing To Vet New Team Members
It’s also important that you remember to vet new team members before you allow them any kind of access to your business. While it might not seem like a massive concern, it should be because of the security risk that it poses. Before you allow anyone to join your team, you need to have run extensive background searches on them, spoken to all of the referees that they have listed, and checked for anything that is untoward about them. If you don’t find anything, then this is great and you can go ahead with hiring them.
However, if there is any doubt about them, then you need to be caerful. Run the checks again if you need to, but make sure that you’ve got the information that you need. Even then, you need to have them sign a non-disclosure agreement before they are allowed to join your team, just to be on the safe side.
Forgetting About Physical Security
We may live in the age of technology, but this does not mean that you should not be focusong on physical security as well. Your business building is still important, and the people who work for you still need to be protected. You can’t just try to cut corners and save money by leaving your actual business location vulnerable, and yet this is exactly what some companies try to do.
There should be physical security on the doors at the entrance of your building at the very least. As well as this, you’re going to need extras such as CCTV to keep an eye on the areas of the business that are not supervised. We recommend having these in any area that holds important information or money.
Failing To Stay Up To Date
If you are using out of date technology and software then this may not be running the maximum security that your business needs. The reason it is recommended to keep up to date with tech is so that you are getting the very best services within your company. If you don’t update tech when required you may be missing out on vital security updates that will keep any and all unwanted activity away from your business. Make sure that you keep on top of all of these things and your business will be thriving and successful.
Using The Wrong Services
Finally, if you are using the wrong services then you are leaving your business extremely vulnerable to attacks and hacks. Without the right level of support from the correct services then you could be saying bye bye to your business before you are ready. Make sure you know which services to use and research these before you sign up for them. You don’t want to use something you don’t actually need as this will just take your hard earned cash for nothing.
You should certainly be using IT support services when it comes to the cybersecurity aspect of your business. They will keep a close watch on your business and alert you to any hacks, no matter how small.
We hope that you have found this article helpful, and now see some of the things that you need to do in order to avoid leaving your business open to some of the common security pitfalls. It’s more important than ever that you are taking the right precautions, and doing everything in your power to keep your business safe. Tech is more powerful than ever in business, so you can’t afford to fall down on this hurdle. We wish you the very best of luck.
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