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Tipping Ideas


tippingWhile not every business allows tipping for their employees, many do, and if your business,especially in the US,involves food, most customers will expect to be able to tip their servers. Tipping, however, isn’t as common as it has been in the past, and if you are wondering what you can do to encourage tips from customers, here are some suggestions:

Offer Excellent Service:
Obviously, the best way to get a good tip is by doing a good job. Smile, greet the customer by name if they provide it and give them what they want in a timely fashion. No matter what out-of-the-box tip ideas you come up with, customers won’t give if the service is poor. Granted, some people will be rude anyway, and others won’t even think about it — that’s the tough part about working in the service industry — but being friendly and professional goes a long way.

Reward Tipping With Something:
The Cold Stone franchise is famous for their tipping policy. Every time someone puts a tip in the jar, the workers have to sing. They have a variety of short songs about ice cream written to the tune of another well-known song, and it’s not uncommon at all for customers to tip just to hear them sing. This also works well to keep customers entertained when the line to get ice cream is long and slow. Keeping your customers in a good mood right up until they pay makes it more likely they’ll offer you a tip of their own. Read more of this post

The Gold Bungalow


Gold BungalowThe gold bungalow above was the most talked about offering to the Lalbaugcha Raja this year. At auction, devotee Santosh Mane put in the highest bid at Rs 5.21 lakh.The current market price of gold is Rs 3,54,818 lakh for 130 grams.

Investing In Solitaires


wealthymattersWhile the BSE Sensex, the country’s equity benchmark, and gold prices rose 68% and 70%, respectively, since 2010, the price of one carat of high quality solitaire has doubled during the same period to around Rs4 lakh from close to Rs2 lakh, that too without any wild swings. And there is the added advantage of being able to flaunt them.

A solitaire is priced anywhere between Rs75 lakh to Rs 20,000,depending on its weight and other parameters. There are some 123 factors that diamond sellers follow around the world. The major ones that determine the price of a diamond are its colour, clarity, cut and carat. A flawless diamond with a certificate from an international lab is considered the best quality. This last point is the most important. You will find a lot of cheaper stones with local certificates.

If you sell an old solitaire, with a certificate of authenticity from an international lab, jewellers across the country offer 90% of its prevailing market price.

 

Investing In Unlisted Shares


wealthymattersIf you’d like to be part of the action and excitement of various start-ups, you can consider investing in unlisted shares. But there are a few challenges to overcome and difficulties to bear up to.

Since these companies are unlisted, very little financial information is available. Also, because there’s no formal platform to trade these shares, the demand-supply situation varies and the price at which deals are struck are a function of the quantity, demand-supply situation and the sentiment prevailing in the secondary markets.

Unlike listed stocks, the unlisted space has few brokers and trades are made through known sources.Often, a broker accumulates small lots of shares from employees who have earned them as ESOPs, or from investors who have bought earlier and are looking for an exit. Once the broker has a sizeable chunk of shares, typically worth more than Rs 1 crore, it’s offered to HNIs.

Unlike listed shares, where a holder can exit through the stock exchange, liquidity is poor in unlisted companies. You would have to look for an IPO or another buyer. Read more of this post