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Sky Cruise: A 5-Star Gigantic Flying Hotel

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Forever Mogul Team
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This outlandish gigantic flying resort, known as Sky Cruise, is equal parts spaceship and ocean liner, and it comes with just about every amenity you could imagine. Its ginormous size can accommodate more than 5,000 guests, who would arrive on board via commercial or private plane (that’s right—jumbo jets would land on top of the Sky Cruise).

The newly revealed Sky Cruise is a nuclear energy flying 5-star hotel created by Hashem Al-Ghaili. A Yemeni engineer and video producer unveiled his vision for the artificial intelligence-driven aircraft in the video below.

What can one expect on the Sky Cruise? 

Passengers intending to visit this Sky Cruise could charter planes or simply book tickets on a commercial airliner that would be able to land on this aircraft. Once on the Cruise, visitors could enjoy the views from many viewing decks, such as the disc-shaped observation tower built on the aircraft, while restaurants and bars would cater to food and drink needs.

The massive aircraft will also have cinema halls, theatres, and game rooms for those looking for regular entertainment and even venues for people to get married, The Independent said in its report. 

The ship will be steered by artificial intelligence (A.I.), which would be so adept at reading weather conditions that it cannot only predict turbulent weather but also glide over it, providing a hassle-free experience to the onboard tourists.  

According to the maker of the video, Hashem Al-Ghaili, the Sky Cruise will be powered by 20 electric engines that will keep the aircraft afloat in the sky. Powered by nuclear fusion, the aircraft is designed to run 24/7 and will be able to remain afloat for several years, all without carbon emissions. Al-Ghaili even adds that running repairs would be carried out in-flight – a first in aviation.

Sky Cruise

In an email to Interesting Engineering about his inspiration for creating this video,  Al-Ghaili said, “I believe the current flying experience has become tiresome and outdated. It is time for new innovations, that make our flight experiences more comfortable. I have always been a fan of Studio Ghibli. Castle in the Sky is one of my favorite movies where we see massive flying ships with people living inside.”

For this video, Al-Ghaili imagined a world where flying moved beyond the fight for leg space. When asked to put a date for when the flight would be possible in the near future, Al-Ghaili was confident that it was not that far off. “I would go for the 2030s or 2040s at the latest. All we need is sufficient energy for the takeoff. That’s why nuclear energy was part of the design. I believe it’s a matter of time before powerful nuclear reactors become small enough to fit inside a plane that size.”

The animator also added that once these small reactors were in place, then one only needed to work on the aerodynamics of the flight. 

Ways to Build a Strong Team and Cultivate Effective Leaders

By
Forever Mogul Team
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Every organization and project needs leaders. The role of leadership is to coordinate the efforts of a group or team, facilitate goal-setting and problem-solving, motivate others to work towards a common vision, and provide support for team members so they can be more effective in their contributions. Leadership is a critical role that requires skill, perseverance, and a strong bias for action.

When leadership is absent in a team or organization, the results can be immediate and drastic. For example, research shows that the loss of even one leader can have ripple effects throughout an entire organization. In fact, organizational change often begins with a single leader who must be able to convince others of the need for change and provide the tools and processes necessary to get the group moving in a new direction.

How to Build Strong Teams

Any organization that wants to be competitive, innovative, and productive must focus on developing strong teams. So, how do you build a strong team?

Here are a few tips:

1) Hire or Promote the Right People

Any team-building effort will fail if you have the wrong people in place. Unfortunately, identifying the right candidate is difficult to do. A person’s resume may indicate they are qualified but it’s hard to tell if they will perform well on your team until they’ve started working for you. An important part of the employee experience is to communicate promotion opportunities widely. Click here to learn more.

2) Keep Your Team Focused

If you’ve hired the right people, then the next step is to help them align their effort with organizational goals. It may sound obvious, but it’s tough for people to move forward when their efforts don’t seem to be making an impact. Building trust between team members will make it easier for everyone to commit to achieving a shared goal.

3) Communicate, Communicate, Communicate

Keeping a project moving forward depends on solid communication between team members. It’s important to let people know if they are doing well and offer feedback if they aren’t hitting their targets. Communication is also critical at the team level. For example, teams must hold regular meetings to decide how to handle problems, who is responsible for what deliverables, and how the work of various teams needs to be coordinated to keep projects on track.

4) Give People a Chance to Grow and Improve

Ask your new hire to provide you with feedback on how they are handling their role and ask them to recommend a way they can improve. The result is that more people will feel comfortable giving honest feedback, which improves communication among team members.

5) Provide Ongoing Coaching and Development Opportunities

Supporting a team member’s growth is critical to building a great team. This can be as simple as distributing new ideas or having periodic meetings where people share their progress as they’re working on a project. It’s also important to make sure team members have the right resources and information necessary to succeed in their roles.

6) Practice Acknowledging Others’ Contributions

Team members need to know that others are valued for the contributions they make to the organization, whether through their ideas or through the way they work with other team members.

You will also need effective leaders. These tips will help:

1) Hire Leaders Who Have Experience in the Area Where They Are Needed

If you have a team that needs a leader, look for a proven performer who has already been successful in the function where you need their expertise. Hiring a proven leader will ensure your team gets the right guidance and direction to get the job done.

2) Make Sure Leaders Can Speak Up

Research shows that formal leadership roles provide no guarantee that people will speak up in meetings and offer their opinions freely. This is even more true when teams are working on complex problems that surface emotions and uncertainty — especially if team members don’t know one another well enough to feel comfortable disagreeing with one another or challenging other peoples’ ideas.

3) Provide the Resources a Leader Needs

The need for leaders with greater skills and experience is growing as organizations become more complex and as products and services offer more choices. In addition, many companies face regulatory requirements that make it harder for people to do their jobs effectively. When this happens, teams need leaders who can communicate with senior managers about the increasing challenges employees are facing and what needs to be done to help them get the job done. Look for leaders who have connections that will help you nurture your team throughout their time spent in the industry.

4) Assign Projects That Let People Prove Their Skills

If you are trying to identify high-potential employees and give them more responsibility, invest time in finding tasks that will allow them to develop the skills they need. For example, if you have a new manager who you think has the potential to move up in the organization, ask them to work on projects with your best people and let you know how things are going. The result is that people will naturally start taking on bigger challenges and leading larger groups of people.

5) Sponsor Promising Employees

Sponsors are senior people inside or outside the organization who offer advice and guidance to employees who are trying to develop their career goals. This can be done formally or informally — a senior person might invite a junior employee to lunch, for example, and share what is going on at the company and how he or she rose through the ranks. Sponsors can be given “medal” assignments, such as developing training modules for new managers on topics such as how best to use their time or how to communicate with senior leaders about challenges an employee is facing.

The recipe for success is not to be hired or promoted, but to have a happy work environment with clear, concise direction. The most important element is creating an environment within the workplace that allows employees to feel comfortable taking risks and making mistakes.

If your employees are creative and work collaboratively, they will engage in more innovative thinking. If they are feeling supported and encouraged, they will want to give their best effort every day. If you can help your team members do better in each of these areas—self-awareness, self-management, social awareness (this means relating well to others and being aware of how one’s behavior affects others), and relationship management, you’ll be well on your way towards creating a truly productive organization.

Stunning $36M Beachfront Estate In The Bahamas

By
Forever Mogul Team
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Indisputably, Halcyon House is one of the finest beachfront estate homes in the exclusive gated community of Old Fort Bay, Bahamas. Old Fort Bay Club initially began as a fort constructed by the British to keep order in the area. In the 1700s, the Crown concerned itself with protecting the Bahamas from pirates and privateers, and so the fort was developed.

Beachfront Estate

This stunning seven-bedroom home has eight bathrooms and four powder rooms with over 13,000 square feet of interior living space. Halcyon House commands a premier location on 225 feet of powdery white sand beaches and is one of the largest lots in the community situated on its 1.816-acre property.

Water features flank a lushly landscaped walkway leads from the driveway to the grand courtyard and loggia beyond.

Between the main living area and the formal living area is an open-air loggia for dining and relaxing. Located below the bridge suite it allows for captivating views of the tropical blue sea beyond the pool and provides year-round protection and breeze.

A secluded path from the pool leads to the pristine white sand beach which is considered probably the best beach on New Providence.

Beyond the pool to the east is the outdoor kitchen with veranda for alfresco dining, which is outfitted with a gourmet grill, pizza oven, and subzero coolers.

The beachfront estate also has manicured landscaping with many lounge areas to relax, surrounded by gardens with Bahamian foliage and mature tropical fruit trees.

A bright and light-filled entrance hall leads onto the main galleried staircase with the upper landing serving as a charming play area. From here, private corridors lead to the well-designed master bridge suite and the four additional bedrooms all with en-suite bathrooms.

A gourmet kitchen featuring handcrafted cabinetry and professional-grade appliances features a centre island outfitted with Wolfe range, two Sub Zero refrigerators and two dishwashers. It is perfect for casual family living the kitchen opens to the family dining and sitting areas. Coffered ceilings are featured throughout with mahogany glass doors allowing in light and showcasing the crystal blue sea beyond.

One crosses the loggia to the more formal living space that lends itself to more formal entertaining thanks to the full-service wet bar, formal dining room, butler’s pantry and powder room.

Located off the formal living space are two bedroom guest suites with its own sitting area that looks onto the courtyard. The suites are designed to provide private space for visitors.

The bridge suite features his and hers en-suite bathrooms and custom-built wardrobes. The suite features captivating view of the turquoise seas. The master suite referred to as the bridge suite has its own private balcony and connects the formal living space to the family area.

A private hallway leads to the impressive study and gym both with commanding views of the bay. Off the study is a powder room and winding staircase that takes one up to the tower look out providing 360-degree views across the community and out to sea.

An elevator services the first and second floors. There is a state-of-the-art theater on the third level. A central Crestron control system controls all the lights, blinds, & temperature throughout the residence. There’s also a Sonos music system throughout the house and outside living areas, and there is a heated pool.

The property has solar panels which provides around 30% of the house’s supplementary needs.

There is a generator with seven day’s worth of fuel to run the entire house. There is a reverse osmosis system that can take rainwater from the roof and is fed by 26,000 gallon cisterns, which is usually used for irrigation.

Just across the property there is an assigned 50 foot boat slip with power and water. The property is gated with a driveway leading to a three car garage and has a separate staff entrance with covered parking for three cars.

The property also consists of a two-room office building which could be converted to staff accommodations.

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When to Go About Raising Capital

By
Forever Mogul Team
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When it comes to raising capital, it is critical to know when to ask for what. 

Entrepreneurship is one of the greatest things about our society – anything is possible with a good idea and some hard work. It does take more than that to succeed, however. In this article, you will learn about the different rounds of investment, where the money should be coming from – in other words, who you should be asking, and how much.

Understanding how this all works is going to be important for entrepreneurs looking to advance from any stage to the next. If you want to be successful in your next pitch – then it is helpful to know what they are expecting from you. Let’s dive in.

Pre-Seed and Seed Money

Pre-seed money and seed money are related to the idea stage of a start-up. Pre-seed money is usually invested by the founder or their family and friends. It is spent trying to get the idea off of the ground. Prototypes for the product and a proof of concept are the goals here.

It is important to note that just because it is your own money, doesn’t mean you should simply throw cash at the project. Investors down the road in the process are going to be asking you how much you spent on this, and it is in your best interests to be able to prove that you are capital-efficient. If they are going to be giving you their money, they need to see how you do with your own, so be wise and be frugal.

Don’t waste money on patents or lawyers at this stage as that will be a big red flag to potential investors when you get further on in the investing rounds – you just need to prove that this product works and has a place in the world.

Seed Money

It isn’t always necessary to approach investors at this point, but it can be. Seed money typically will come from bank loans or early investors AKA angel investors.  

This is still within the idea stage of the product, and the goal of this round is to get it to market. At this stage of funding, you will typically be looking for anywhere between $10,000 to $2 million. 

Remember, less is more – always try to maximize capital efficiency. This money is to be spent on product development, manufacturing and marketing costs.

This is the money you will use to bring your product to the world. Every product is different and comes with its own unique set of challenges. 

Sometimes it is beneficial to focus on getting a stripped-down version to market sooner, rather than letting it sit forever in the costly research and development phase. This is known as a minimum viable product (MVP).  

This will focus on core functionalities and introduce more features as time goes on. It allows the customer to give feedback and develops the relationship early on.

An MVP has a few major benefits including capital efficiency. That term keeps coming up because it is very important – investors are most interested in one thing: return on investment (ROI). The sooner you can get a product to market and producing ROI, the better. 

This strategy tends to be software and technology-focused, and won’t work for every product, but it is a good concept to bear in mind when taking an idea to the real world. There are many well-known seed money investors like Entrepreneur First and Y Combinator to name 2.

Round A

At this point in the game, the business or startup has established itself as a business and is not just an idea anymore. Early-stage funding is going to be for startups and entrepreneurs who have a proper strategy for growth.

The goal for Round A funding is to complete the development phase and move into the growth stage. This is where it’s time to make a name for your business. Round A funding will generally come from venture capital firms and ranges from $2 – 15 million dollars. This money is used to grow a customer foundation that is solid and growing reliably. When those criteria are met, it is time for Round B.

Round B

This where you throw the gasoline on the fire so to speak. Round B funding is used to transcend the business from a startup to a fully established company. The business model has become well developed as has the product. This is the last round of the early stage, and the investment range can vary wildly depending on the numbers and the situation. $7 – 10 million dollars is ballpark range but investments can go way over the upper number.  

At this point, the company has ceased to meet the original definition of a startup and is now well known and successful. A couple of firms that are known for early-stage investing are Insight Venture Capitals and Accel Sequoia Capital.

Getting out of the early stages is a huge accomplishment, and not many startups reach this phase. When it becomes time to think about developing new products and continuing expansion, it may be time to consider late-stage funding.

Rounds C & D

Round C funding is used to build on success. The startup may wish to acquire other companies or open up in new markets or regions. Round C is all about expansion, and a company that is ready for this stage holds a valuation of at least $100 million. Round D is really more of a extension of round C, which is why they have been grouped together.

At this stage in the game the company may be thinking about going public, which is another way to raise capital. A publicly traded company can gain a massive amount of capital very quickly. To go public a company must develop an initial public offering – which is an extensive process that will require its own article!

A Roadmap for Capital Raising success

From the ‘Aha’ moment that started it all, until it’s time to think about going public, there are specific criteria that investors look for to determine if funding is right. Hopefully, with this guidance, you will know when and who to ask, for how much.

If you have a good idea and aren’t afraid to work for it, you can make your dreams a reality. 

Merger, Acquisitions, Partnerships or Licensing – which is right for you?

By
Forever Mogul Team
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In today’s competitive economic environment, growth is essential to your business’s success. Growth not only keeps your company’s culture aligned for success but is an essential ingredient in the valuation of your business. We outline the various external growth strategies for your business.

The right one can set you on a course for rapid, profitable expansion.

Realizing your business’ growth potential is one of the most challenging and rewarding pursuits you face as an entrepreneur. A properly executed external growth strategy can help you realize maximum growth potential at the right pace, particularly when internal growth opportunities are limited by financing or other constraints.

Mergers

A merger is defined as a voluntary agreement between two firms (that are rarely equal participants) to amalgamate as a single company rather than being owned and operated as two separate entities. The two participants in a merger are referred to as the ‘target’ and the ‘acquirer.’ As the acquirer in a merger, you attempt to buy a company while as the target you are the subject of a merger attempt. A merger is rational only if you perceive an additional strategic value for your business. There are, however, other hidden costs associated with integration.

There are various types of mergers, each with its own tax and legal consequences:

  • Horizontal merger – You merge with a direct competitor; a company that has similar product lines and markets
  • Vertical merger – You merge with either with a customer (forward vertical) or a supplier (backward vertical).
  • Market-extension merger – you merge with a company that sells the same products in different markets.
  • Product-extension merger – You merge with a company selling different but related products in the same market.
  • Conglomeration – You merge with a company that shares no common business areas.

Acquisitions  

Although acquisitions are synonymous with mergers, there are differences between the two. An acquisition can be defined as the process of taking over another company and clearly establishing yourself as the new owner. From a legal viewpoint, the target company ceases to exist as you ‘swallow’ the business, while your stock continues to be traded. Acquisitions can help your company acquire new growth-skills. An acquisition is similar to a merger in the sense that you seek out improved market connectivity, effectiveness as well as bargains of weight. The major difference between the two is that acquisitions usually involve a hostile purchase that does not entail exchanging organizational reserves or allying as an entirely new organization.

Partnerships

In a partnership, you join with one or more organizations to carry on a trade or business, whereby each organization contributes assets (money, property, labor or skill) and expects a certain share in the profits and losses of the newly formed entity. Reasons for engaging in a partnership may include a common business idea that you and your partner(s) wish to test or the realization of synergistic advantages such as increased capital funding, shared responsibilities and improved decision making. The downside to partnerships includes disagreements and conflicts between partners, no special tax treatment and the fact that you have to share your profits.

Licensing

Licensing is a marketing and brand extension tool that involves leasing a legally protected (that is, trademarked or copyrighted) entity, known as the ‘property’ or ‘intellectual property’ of an organization, for use in conjunction with a product. This process allows you to extend your brand into new stores or completely new categories altogether. It is the easiest way to move your company into new businesses without making a significant investment in processes or facilities. As the ‘licensee,’ you maintain control over the brand image and how it’s portrayed via contracts with the ‘licenser.’ You not only reap the benefits of additional revenues (as royalties) but also gain exposure to new channels, allowing your brand to grow substantially.

For large organizations, although situational factors vary from organization to organization, mergers tend to serve as the best strategy for external growth. Despite costing you more than other growth strategies due to the higher legal fees involved, mergers help your company realize several economies of scale (technical, bulk buying, financial and organizational) to justify the expenses. Furthermore, they help eliminate the threat of international competition, allow greater investment in R&D (leading to better quality products), promote greater efficiency as a result of redundancies, can provide protection if you operate in a declining industry and allow you to diversify your business, paving the way for greater profit potential.

14 Tips to Successfully Pitch Your Business to Investors

By
Forever Mogul Team
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Every pitch is an exercise in persuasion. If you can persuade potential investors to believe in your idea and mission, you can get the funding you require. That will make all other aspects of your business easier. That’s why how to pitch your business to investors should interest all entrepreneurs.

Pitching to investors is a challenging task, whether you are seeking seed investment or Series A. Everything you say will be examined for its monetary value. The smallest of mistakes can hurt your valuation, irrespective of the soundness of your business idea.

All successful entrepreneurs know that preparing to pitch to investors will pay rich dividends later. If you have a meeting scheduled with investors to get your startup off the ground or help it expand, here are 14 tips to successfully pitch your business.

14 tips to pitch your business to investors

1. Find the right investor

A successful pitch doesn’t begin in the meeting room. It begins with research. If you need investors to buy into your vision, you should be pitching to the right kind of investors. Before you reach out, know as much as you can about the investors.

Have they invested in your category before? Have they made public statements about interest in your field? Is this their first investment? Are they hands-on investors? These will make sure that you find the right match for your business.

2. Write your pitch deck

The most important aspect of your pitch will be your presentation. It should contain all the information that a potential investor might seek and importantly, get them excited about your idea.

Your pitch deck is where you state your case. It’s important to keep it short, ideally below 25 slides. You can have an extended version in case your audience wants to know more. Go through the pitch decks of the most successful startups here and here to get inspired.

3. Practice your presentation

Writing the perfect pitch deck is one thing. Delivering it with conviction is a completely different matter. For that, you need to practice. Merely knowing all the slides won’t help. You need to hear yourself presenting them.

When you practice, ensure that you speak slowly and take your time. Don’t read out the slides but explain what’s written on them. Get your colleagues to watch you present. This will help you simplify your message since you would see it from the audience’s point of view.

4. Format it like a story

Every great pitch is a story about a problem and a solution. People may forget the stats and the graphs but they will remember a well-narrated story. Start with the problem but state it like a story.

If you have trouble fitting your product into a story, take a bird’s eye view of your category. What’s the biggest problem you are trying to solve? What other solutions have your users tried before? What benefit will this solution bring to the day-to-day lives of your customers?

5. Explain your solution

The story you start with should organically lead to your solution. This is the highlight of your presentation and needs to be conveyed in an interesting and engaging manner. It should leave the audience excited to know more.

All successful entrepreneurs know that to successfully pitch to investors, they need to keep the solution short and simple. Everyone should be able to understand it. If you are forced to explain it in detail, your presentation – or your product – would need more work.

6. Define your target market

The key here is to be as specific as possible. ‘Small businesses’ is too vague to be a market. ‘Small businesses without in-house accountants’ is specific. ‘College students’ is too general. ‘College students who want to learn another language’ is more focused.

Developing the profile of an ideal customer will help the audience better understand your target market. They will be able to visualize the user seeking a solution to a problem or trying to add value to their lives.

7. Explain your business model

How do you plan to generate revenue? Do you have multiple streams of revenue? What’s the timeline for revenue generation? All these have to be explained in detail in your business model.

Remember that your business model will invite questions. That’s why you have to be as specific as possible. It’s always better to be realistic because the investors would know the business models of businesses in similar industries.

8. State your accomplishments

More than anything else, what you want to build through a presentation is credibility. The best way to do that is by telling your audience how far you have come in your journey. If your team has built the product, tested it out, and gained some traction, this is where you impress the audience with those figures.

Cite specifics about your achievements. Even if your business is at an early stage and doesn’t have big milestones, the investors will be more convinced by the direction and the speed.

9. Spell out your customer acquisition strategy

Customer acquisition is one of the most important parts of an investor presentation. Unfortunately, it’s also one of the most neglected. Some founders mistakenly believe that generic social media traction or public relations will get them their target audience.

Investors would like to know in detail your marketing plan and customer acquisition costs. You should explain your advertising strategy and the channels you would be using. You can also share a mockup of an ad to better explain your tactics.

10. Analyze your competition

When you describe your competitors, it’s important to talk not just about their products but the particular edge you have over them. You can list out their solutions and explain how your product has a better value proposition for the users. Here again, it pays to be confident but also realistic.

At times, you could also be competing against a particular behavior or practice. If you have a better solution, investors will be interested in it since you might be creating a whole new category.

11. Introduce your team

An investment in a company is primarily an investment in its people. Your potential investors would want to know more about you and your team members. This is where you introduce them, highlighting their areas of expertise and achievements.

You can also mention the positions that you haven’t filled yet. These could be in programming, sales, or marketing. This gives a more realistic picture of your startup and shows how you would spend the investments.

12. Be specific about your funding requirements

When it’s time to ask for funds, a common mistake that founders make is being ambiguous. Instead of asking for a specific amount, they ask for a range. This can erode investor confidence in the business.

You should be confident enough to ask for a specific amount. Don’t hold yourself back if you can justify why you need it. Explaining how you plan to use the funds will inspire confidence.

13. Prepare for Q & A

Even if you learn how to perfectly pitch to investors, there will be questions at the end. You should see those questions as proof that your pitch has interested them. The questions can be about the product, customer acquisition, competition, or pricing. If you fumble in your answers, the potential investors won’t feel confident about your business.

The solution is to see your pitch from the investors’ point of view and come up with possible questions. You can get your team members to ask questions while you practice.

14. Follow up

A pitch doesn’t end when the presentation ends. While the investors may raise a few questions during the meeting, they might think of other questions later. If they don’t get in touch with you, it’s your duty to contact them.

Reach out to the investors within 24 hours of your presentation. Ask them if they have any questions or feedback. Even if they don’t have any, this will help them remember you. This conversation will also show how you believe in your business and how serious you are about funding.

In short

These tips will help you successfully pitch to potential investors by persuading them to believe in your product and mission.

Check Out This Insane $38.5 Million Miami Penthouse

By
Forever Mogul Team
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One of the most impressive penthouses units in Miami is on the market. Located in the Echo Brickell, PH1 is the pinnacle of penthouse living. Listed for $38.5 Million, ECHO PH1 is a statement of ultra-lux innovation. This luxurious penthouse is everything you could imagine and more in the heart of Miami’s fast-paced neighborhood, Brickell.

The 5 bedroom and 7.5 bathroom Miami penthouse is 11,000 square feet of sophisticated interiors. The grand, 2-story penthouse unit occupies the 56th and 57th floors of the 173 unit condominium building. The unit was designed by famed architects Carlos Ott and Echo Brickell and was developed by PMG and JDS Development.

The unit is impressive from the moment you walk in, featuring 28-foot ceilings, making yourself quite literally sky-high with 360-degree views from the water to the cityscape. Every detail of this unit is unmatched, emphasizing natural elements including marble, glass, and wood.

Miami Penthouse

The master bedroom is the perfect place to sit back, relax and enjoy your home. The room features a midnight bar, bathrooms with dual baths, and closets big enough for any wardrobe.

Miami Penthouse

Naturalized by the Earth’s finest elements of marble, glass & wood, the fully-equipped Poliform kitchen is the perfect place for a chef to cook, while also featuring plenty of space to host dinner parties. 

In addition to the Echo Brickell being an all-encompassing building with state-of-the-art amenities and full concierge services, this penthouse has its own amenities within the unit.

The penthouse features a jacuzzi, sauna, media room, full gym, home office, barbeque, 6 parking spaces, 4 elevators, 3 lounges, staff quarters, fitness studio, and a cardio room.

One of the most exciting and impressive amenities in this unit is the full indoor swimming pool, practically in the clouds, with beautiful views of the water from sunrise to sunset.

Live in the heart of the financial district in the hottest city in America.

Dina Goldentayer of Douglas Elliman is representing the seller for this unit. For more information visit the official listing at dinagoldentayer.elliman.com.

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Dropshipping and How to Profit From It

By
Forever Mogul Team
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Dropshipping has been making news over the last few years. While the world saw a considerable increase in e-commerce during the pandemic, savvy entrepreneurs also saw the potential of dropshipping as more and more purchases went online. Whether you have an existing e-commerce business or are thinking about getting into it, dropshipping should interest you due to its immense potential.

Technology has optimized the way businesses approach everything from manufacturing to marketing. It has given access to entrepreneurs who now don’t need significant investments to start a profitable business. Dropshipping is one such business that any entrepreneur can start even if they have no previous experience running an offline or online business.

To make it easy for you, here’s a detailed guide to dropshipping in 2022 and how you can profit from it. But first, let’s understand the concept.

What is dropshipping?

With dropshipping, you can start an online business without stocking the products. In other words, you can start selling to customers without having to keep those products with you.

If you run a dropshipping store, you will buy the product from another seller and get it shipped to the customer. You will initiate the buying process from a manufacturer or third party to fulfil the orders you get.

Why dropshipping is important for entrepreneurs

The dropshipping business model is an innovative idea that empowers entrepreneurs. It’s important for the following reasons:

More access: Startups usually need a breakthrough idea and sufficient funding. If it’s in manufacturing, without the initial investments, it would be impossible to create a product and a go-to-market plan.

These barriers limit entrepreneurship. Dropshipping makes it easy for anyone to start a profitable business since there are no investments needed.

Low-risk approach: Risk is an inherent aspect of any business. Even with the best of ideas, teams, and funding, there’s no guarantee that you will find a market for your product or service.

Even if you were to find customers, it would be challenging to sell it at a price that would be profitable to you. Dropshipping doesn’t have these risks, which makes it easy for entrepreneurs.

Demand-led model: If you were to start a dropshipping business, all you have to do is find suppliers and customers. Once you zero in on a third party to deliver the product, the next step is to get customers for the product.

In other words, you will be focusing on demand generation rather than stocking inventory. Since this is directly tied to sales, you will have a steadier business model with dropshipping.

How does dropshipping work?

If it sounds like a business you might be interested in, the question then becomes how do you get started in dropshipping. There are primarily two ways to do it. The first is the manual method where you locate a supplier somewhere in the world that can reliably ship products when you ask them.

The second method is to go through an online marketplace that will connect your business to thousands of suppliers from around the world. There are several marketplaces that have suppliers who feature their products at the best prices. When you connect with them through an app, a customer will be able to buy your product and the supplier will be notified automatically.

In both methods, the product is shipped to the customer who would pay you directly. Your margin is what you have after you have paid your supplier.

7 benefits of dropshipping

Dropshipping offers several demonstrable advantages to aspiring entrepreneurs. Here are seven reasons why more and more people are starting their dropshipping businesses.

1. Little investments required

The biggest expense for most retailers is the initial investments in inventory that can be avoided with dropshipping. You can launch your e-commerce store without having to buy products worth thousands of dollars. You only have to buy a product once your customer has purchased it from you.

2. Easy to start

Without any physical products, you don’t have to rent a warehouse and pay for its management. You don’t have to worry about packing or shipping your products either. Keeping track of incoming supplies and handling returns are also tedious tasks that you don’t have to worry about in dropshipping. All of which makes the business easier to manage.

3. Low overheads

Since there is no inventory to manage and orders to track, you don’t need additional space or resources. You can start a dropshipping business from the comfort of your home. A laptop, internet connection, and a few other overheads are all you have to manage.

4. Remote operations

You are not bound to a retail store and its expensive rentals. You can run your dropshipping business from anywhere as long as you can be online and connect with suppliers and customers. You can even manage it when you are on holiday.

5. Wide range of products

If you run a retail or conventional online store, you will have to buy all the inventory you want to sell. In dropshipping, you don’t have to. This enables you to showcase a wide range with your audience. As long as you have a supplier, you can list the item.

6. Effortless to test

The secret to running a successful online or offline retail business is to sell products that customers want to buy. With dropshipping, you can test new products to find out which one gets customers excited. You can try out new categories and finally find the combination that will work for you.

7. Easy to scale

With dropshipping, you don’t have to make any additional investments to grow your business. You don’t have to purchase new inventory to meet the demand. Your suppliers will take care of that.

In short

Dropshipping is a viable and accessible model for entrepreneurs to start their businesses and build a customer base. This on-demand business model offers low-risk and consistent returns for those who can manage it well.

Inspirational Engineering Ideas That Changed The World

By
Forever Mogul Team
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0

The modern engineer works in a vast diversity of different disciplines, but most with one key underlying role – to improve the quality of life of fellow humans. From the nuclear engineer that harnesses the tremendous power of radioactive materials to the aerospace engineer that is on a constant quest to make flying by plane more economical, faster, and more comfortable, the work of engineers has transformed our modern world. 

Today, more gadgets than ever enhance both our work and social lives. Indeed, the pace of innovation through the last fifty or so years has been nothing short of remarkable – and is now being aided in no small part by emerging technologies and smart computer systems. However, it wasn’t always this way, and many of the tools and platforms we take for granted today took years – even decades – to come to fruition.

The significance of good management and learning from others

In almost all cases, the products listed below were not the work of just one individual or even one team but are rather the result of the concerted and determined efforts of multiple parties conducted over many years. Indeed, the inventors commonly accredited with many of the world’s greatest innovations stand, in a very real sense, on the shoulders of giants and owe much of their success and fame to the work of others preceding them.

That said, good management has been key in the majority of these (and other) discoveries – the ability to study the previous work of others, come up with a new hypothesis, and coordinate a new direction. Good management also gives a job focus and helps keep a project on track – which is particularly important when it comes to the seemingly endless possibilities involved when you’re trying to invent something completely new.

Incidentally, these points are worth bearing in mind if you’re considering starting your own research or looking at developing a novel product. It’s important to realize that few of the skills that are an inherent requirement of engineering management come naturally to most people – so you would likely benefit from taking a course to hone these abilities. A masters in operations online will cover all bases and help you learn the skills required for engineering management, so you stand the greatest chances of success.

Some of humankind’s greatest engineering feats

Below are just a few of the more remarkable inventions, and innovations dreamed up by engineers around the globe that have changed our lives forever – so much so that it would be almost impossible to imagine modern life without them.

Alexander Graham Bell’s telephone

The invention of the telephone is just one of countless examples of an innovation that’s been accredited to just one person (Alexander Graham Bell) despite the fact others were working on a very similar technology at the same time. Historians suggest the reason Bell is commonly cited as being the inventor is he lodged a patent for the technology first – ahead of other scientists, including Elisha Gray and Antonio Meucci.

Bell patented the telephone on February 14th, 1876, and, despite various evidence claiming he wasn’t the first in developing the technology – plus legal cases and accusations of wrongdoings – today, he remains largely renowned as the inventor.

Nonetheless, no matter how you look at it, the advent of the telephone marked a seismic shift in global communications and served to make the world a much smaller place. Indeed, the humble phone has very much stood the passage of time – even though traditional dial-up and fixed-line systems have increasingly been usurped in recent years by mobile connections and smartphones.

James Watt’s steam engine

The steam engine is yet another example of an innovative product that has largely been accredited to just one person when, in fact, it was the result of years of trial and error experimentation. Most historians consider Thomas Savery to be the inventor of steam-powered devices back in 1698. However, there is also evidence that humans were attempting to harness the power of steam as far back as the ancient Greeks when an inventor, Hero, created the world’s first, most primitive steam-powered turbine.

Over time, countless others would look to refine the stream pressure models, including an English inventor Thomas Newcomen. However, it would take until 1765 and the work of Scottish instrument maker, James Watt, to seal the fortunes of the steam engine and make it one of the fundamental driving tools that drove change through the industrial revolution. Watt saw flaws in the Newcomen model and refined them to make what has become known as the first functional steam engine – hence him being accredited with the invention.

However, as is so often the case when it comes to inventions, Watt gained fame and fortune largely on the back of work done by countless other people before him – just he made the first successful and widely-used model.

The automobile

The automobile is another invention with a similar story featuring many inventors working on competing systems at the same time, yet just one being largely accredited with the glory.

Even as recently as the early 1900s, the primary method of transport was by horse – yet try and imagine a modern world without the car. Today, cars offer freedom and liberation to countless millions around the world – yet it would take the work of one man to kickstart the development of automobiles and make them a viable and affordable option for the man on the street.

In 1672, Ferdinand Verbeist invented the first steam-powered vehicle, but it would take the work of Karl Benz to come up with what could be considered the first automobile with his invention of a four-stroke gasoline engine. Nonetheless, if you ask many people who they think invented the automobile, don’t be surprised to get the reply, Henry Ford.

Ford’s work pushed the automobile into the mainstream and gave birth to the Ford Motor Company and its now-famous and revered assembly line system. This style of manufacturing slashed both production time and costs, finally making automobiles affordable for the masses.

Indeed, it could be argued that Ford’s greatest achievement wasn’t so much the vehicles he produced but more how he produced them. 

The airplane

Speak to pretty much anyone and ask them who invented the plane, and you will almost undoubtedly get the same answer – the Wright Brothers. However, the story of the plane goes back centuries, with many a tragic tale of inventors believing they could emulate birds and achieve flight.

Today, we largely take speedy air travel for granted, but at the turn of the 1900s, the only options for traveling to foreign climes involved lengthy journeys that could take weeks or even months. 

While many inventors were making pioneering headway in flying vehicles, most historians agree the earliest pivotal work was performed by Sir George Cayley, who successfully achieved a form of flight with gliders. This early work would provide a great platform for Otto Lilienthal, who refined Cayley’s work to allow for a longer time in the sky and, in turn, the ability to fly longer distances.

Taking both Cayley’s early and Lilienthal’s work, Samuel Langley would then add steam motors to his model, but it was the Wright brothers who successfully launched the first power flight on December 17th, 1903 – a feat that would go on to transform the modern world and change our perceptions of foreign travel forever.

Computers

Many would argue the computer is possibly the greatest invention in history, yet it is another area that has taken years to develop and has been the cumulative work of countless inventors, scientists, and engineers. Certainly, when you consider the offshoots that came as a result of computers (the web, e-commerce, cloud computing, etc.), it’s fair to say that tech has been one of the most transformative inventions of the modern age.

Computers are now an integral part of our daily lives, used for both work and pleasure. Together with the internet, computing and computers have completely changed many aspects of the modern world, transforming everything from how we watch media and find news to how we shop and communicate.

However, perhaps the most intriguing aspect of computers is it could easily be argued we are just at the tip of the iceberg in terms of where computing, the web, and other associated tech could go. Compared to many other revolutionary inventions, computers are still very much in their infancy.

The first binary computer (an electro-mechanical yet programmable model) – the Z1 – was created by Konrad Zuse. However, Alan Turing is widely accredited (rightly in this case) as being the father of modern computing with his machine that still forms the foundation of computer and computing theories.

Of course, significant strides have been made since by countless inventors and companies to the point that computers now form an integral part of the operations of pretty much every business in existence – plus are an invaluable tool in our social lives too. Also, it’s worth remembering that the rather misleading title, ‘smartphone’, actually describes a shrunken down (and much easier to use and fuller-featured) version of desktop computers – and in 2022, it’s estimated just short of 84% of the world’s population has one.

Global Positioning System (GPS) technology

The Global Positioning System (GPS) was originally designed for use by the US military, but, like so many other technologies developed for defense and warfare, over the years, systems trickled down into mainstream use.

Initially, GPS products and software were horrendously expensive, but with greater take-up, prices soon came tumbling. However, the crowning moment of the tech must surely have come with the advent of GPS-touting smartphones.

Nowadays, GPS is used for a huge variety of applications and features in everything from smartphones to smartwatches, shipping containers, and farming vehicles. The tech has found multiple other uses, too, including helping design better cities by monitoring traffic flow as well as maintaining national security.

The age of machines and robots

Once very much the stuff of science fiction movies, over the last decade or so, robots and autonomous machines have reached new levels of sophistication and are beginning to herald a new reality where humans and intelligent, computer-driven bots will soon live in harmony.

While much has been made of this technology’s potential to strip human workers of their jobs, most industry experts suggest that many of the future jobs that could come to be as a result of the new tech have yet to be created. Certainly, one thing is for sure – there’s little point in trying to resist the seemingly unstoppable march of progress in terms of the complexity and sophistication of machines.

Pioneering companies like Boston Dynamics have made incredible progress over recent years in producing robots with almost scary dexterity nearing that of humans. Robots like their BigDog, Spot, Handle, and Atlas are already performing hugely precise and intricate tasks – making this one sector that shows zero signs of slowing.

Aside from robots, tremendous progress has also been made in smart technology – particularly over the last decade. Artificial Intelligence (AI) and Machine Learning (ML) have long promised a glittering future of automation but have, until very recently, somewhat spectacularly failed to deliver.

However, with the advances made of late in hardware, programming, and tech, both AI and ML are finally beginning to deliver on their potential. AI is now in common use across a huge variety of industries – everything from Big Data crunching to cybercriminal prevention.

Meanwhile, both technologies are also making inroads into our homes and personal devices. For example, if you use popular platforms like Google Photos or Spotify, both rely on computer intelligence to deliver their personalized, automated services.

The takeout

From the above examples, it should be pretty clear that the majority of inventions aren’t produced by just one person but are instead most commonly the collective work of countless inventors that is refined over the years.

Putting fairness aside, it has become common practice over time that the inventor who makes the most successful or commercially viable model of an innovation normally gains the reputation of the inventor while little recognition is given to those that went before them.

Nevertheless, there is little doubt that the ground-breaking work of these pioneering souls has changed – and will continue to change – our lives for the better.

Rolls-Royce Unveils The World’s Most Expensive Car

By
Forever Mogul Team
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0

British luxury brand Rolls-Royce has unveiled its latest bespoke creation of exclusive one-off Boat Tail, stretching both the imagination and the price tags of these beautiful creations.

Unveiled at Concorso d’Eleganza, Villa d’Este 2022, on the shores of Lake Como in northern Italy, the Boat Tail coach-built commission would only be limited to three cars, including the second one being revealed here.

Rolls-Royce
Image: Rolls-Royce

The first-ever Boat Tail revealed last year was rumored to be made for Jay Z and Beyonce. That Boat Tail was based around yacht design, while this second Boat-Tail edition has taken inspiration from the pearl industry. At around $30 million, this edition tops the list of the world’s most expensive new cars.

The project began with a series of four pearl shells from the client’s collection, inspiring the unique color. It starts with a foundation of oyster and soft rose embellished with large white and bronze mica flakes that add a special pearlescent effect that changes subtly in different light conditions. Rolls-Royce calls it one of the most complex bespoke colors it has created.

Image: Rolls-Royce

This particular client conveyed to us the desire to create a mirror to the differing environments in which the car would be used,” reveals Alex Innes, Rolls-Royce Coachbuild Design boss, “and I can say with some authenticity that only a few weeks ago, we viewed the car with the client in the UK, and its tones were white and simplistic. Here, somehow it is transformed to reflect the terracotta of the scenery around it, transforming its personality.”

The hood is painted a bespoke cognac-shaded blend that incorporates bronze and gold aluminum mica flakes and includes a layer of crystal and iced matt clear coat—the darker hood and rear deck both contrast with the base paint.

Rolls-Royce
Image: Rolls-Royce

The choice of luxurious materials and craftsmanship moves to the winged rear deck lids crafted from Royal Walnut wood veneers with inlaid rose gold pinstripes and a satin-brushed finish that creates a similar look to yacht decking. A matching soft-top connects these front and rear contrast elements.

The standout feature of the exterior is the vast Pantheon Grille with the Spirit of Ecstasy draped in rose gold.

Rolls-Royce
Image: Rolls-Royce

Each of the two split trunk compartments houses components of an integrated picnic in the park, including flatware colored to match the car and dishes with matching accents. The build also includes an umbrella that mounts on the rear deck to offer shade from the sun. 

The interior mimics the exterior design philosophy, complete with walnut veneers, cognac, oyster-colored leathers, rose gold, and mother-of-pearl accents.

The highlight is the classic timepiece in the center of the dashboard. The unique timepiece, made from the mother-of-pearl, is sourced from the client’s collection, a precious material used in the analog gauges.

Rolls-Royce
Image: Rolls-Royce

The Boat Tail series emphasizes the era of coach-built cars and how materials dictate the interior ambiance rather than a smattering of touchscreens. No wonder the price tag is around $30 million, but in the grand scheme of things, it seems good value considering it isn’t merely a ‘car’ but an exclusive piece of art.

The final Boat Tail is set to be revealed next year, and just like the first two, there would be a unique theme centered around the owner while also being entirely hand-built.

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Image: Rolls-Royce
Image: Rolls-Royce
Image: Rolls-Royce
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