4 Essential Business Costs

Most startup owners start with a small budget, so the ability to maximize funds is an important entrepreneurial survival skill. 

However, if you don’t figure out and focus on business spending priorities, it might end up hindering your business growth in the long run. What you skimp on today may cost you big tomorrow. 

We’ve put together some essential business costs that you must factor into your tight budget as a business owner.

Hiring Talent

It is important to find employees to identify and develop different talent when you are looking to move the company forward.

While paying the minimum wage might be enticing to save business expenses, if you have some fantastic talents, you may want to consider paying them fairly. You need to compensate them accordingly if they prove valuable assets to your business.

This not only saves you in employees turnover but it also subsequently saves you money and time as undervaluing your employees may lead to them quitting, which will lead to a costly rehiring process.

Marketing

If potential customers do not know that your business exists, it doesn’t matter how great your products or services are, and you will not be able to grow. Successful enterprises have a strong marketing plan which identifies their target markets and outline strategies to reach them. And while startups may be tempted to lower their marketing budgets to save cash, the fact is that ineffective marketing would hamper business growth.

Insurance

One area you definitely don’t want to skimp on is business insurance. While it may be rare for a business to be hit by an accident or disaster, it absolutely does happen.

Small business owners should invest in insurance companies to provide their company adequate cover and ensure its continued survival in the event of a fire, burglary, litigations and other disasters that could occur. In addition, a good insurance policy will provide added protection for your business products as well as your employees. 

Small business and startup owners are always trying to work out which business area to cut cost and save money. Discussed above are five essential areas not to skimp. With that sorted, you can increase the chances of success for your business. 

Technology

Putting the right frameworks in place from the outset will help improve efficiency and accelerate success. By having technology that can streamline processes now, you can build a solid foundation and start to sustain growth for your business.

Your website is yet another vital component of your business. Never skimp it out. First impressions matter, and because of the way we primarily search for new offers online, it is vital your website looks professional as it will quickly communicate the right message to potential customers.

For a lot of startups, the idea of spending money is daunting. Whether that money comes from a grant, investors or those first few sales, it can be hard to part with. However, the four things outline in this article is some of the key areas where it is necessary to spend money to see real growth and development for your business.

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Why Skilled Implementation Is Critical To Business Strategies

If you’re aware of the importance of business strategy, you most likely know that it’s much easier to put your thoughts to paper than to actually implement your ideas. For many business owners, implementation doesn’t always come naturally, though nearly 39% of business owners know that skilled implementation is key to driving their strategies home. But what does this mean? Just as you would require a specialist to implement a winning marketing strategy, it’s important to involve professionals when it comes to business strategy, too.

The Formulation Of Strategy 

One of the most important parts of a business strategy is the actual formulation. In many cases, formulation of the strategy can take as long as the actual implementation. Resources exist to help with the formulation of the strategy, but if you’re not familiar with the processes or terminology, this might just be lost on you. It’s during this process where defining critical factors such as SWOT (Strength, Weakness, Opportunities, and Threats) become integral. Fortunately, business coaches and strategists have the skills to ask the right questions in order to formulate a successful strategy, and consulting them for advice or guidance can be crucial to your roll out.

The Implementation Of Change Management 

Change management can be particularly tough, especially if this change eats into operational output and time constraints for the business. It can also place staff under severe pressure if the new processes are foreign to the leadership and support is not readily available. While this might not be an important factor for new businesses, it can play a defining part for those who are already familiar with existing processes and systems. The risk of ineffective change management can tank particularly if the change is due to operational risk, legislature, or technological advancements in the market.

Effective change management requires the assistance of business strategy consultants who can provide the support and training needed to facilitate the change. It’s important that the business strategists are able to monitor the progress of the change management to ensure it takes place in a timely and cost-effective manner. Without this, businesses can lose out on their strategic objectives, significant investments, and perhaps even fail to meet industry requirements.

The Oversight To Bring Strategic Objectives Home 

A business strategy means very little when it’s implemented, but there is no objective or goal to reach. One of the ways to ensure that a business strategy meets its objectives is to use a SMART business plan. SMART (Specific, Measurable, Attainable, Relevant, Time-Based) goals provide business strategists with the criteria for setting an achievable business plan in place. The single most important component of SMART goals to drive strategies home is “T” for time-based. It’s impossible to reach a business goal or objective successfully without knowing what the timeframe is. Not only will it create a sense of urgency around the objectives, but it will also keep the strategy top of mind. The other components of SMART goals are most essential in the formulation and implementation stages.

A business strategy is important to reach specific business goals. With the right team behind it, a business strategy transitions from being just a dream, and instead, becomes actionable objectives.

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How Easy Is It to Achieve Funding for Your Home Business?

Many people dream of starting their own business and becoming their own boss but are being held back by a lack of funding. When you have a viable business idea that you know is going to make you a lot of money, not having the available capital to get started can put you in a very frustrating situation. No matter how unique or ground-breaking your business idea is it’s difficult to get it off the ground without the right funding. The good news is that getting business funding for your home business is much easier than you may realize. Let’s take a closer look.

Use a Business Credit Card:

Business credit cards are one of the most efficient options to fund a startup, and it’s worth considering for any new business owner. Usually, obtaining a business credit card is a much easier process than applying for a business loan from the bank, and you have the option of only using it when you really need to, allowing you to have more control over how much you’re borrowing. And, many business credit cards come with relatively low rates; many even offer 0% interest promotions, making them a very cost-effective option of financing your startup.

A Small Business Loan:

When it comes to applying for a bank loan, small, new startup ideas are facing an increasing amount of rejection. However, the good news is that there are now more small business lenders who’ll be willing to help provide your new company with the funding that it needs. Lending Express, for example, helps rejected SME applicants find the funding that they need to realize their business dreams by connecting them to viable funding solutions using algorithms and technology. When you apply, they will optimize existing funding and use the information that you provide to match you with a suitable lender.

Crowdfunding:

Crowdfunding has become more and more popular, particularly when it comes to raising money for charity. However, it could also be a great way for your new home business to get the capital that it needs to get off the ground. It’s based on raising small amounts of money from a large number of people and can be done on popular crowdfunding websites such as GoFundMe or Kickstarter. Basically, anybody who believes in your business idea can donate as little as a few dollars to help you get started. Once you’re successful, you can reward your supporters.

Angel Investors:

Generally, angel investors are those who are wealthy and prominent in the business world. An angel investor who believes in your mission will help with funding in return for an agreed percentage of your profits. And, some of the biggest businesses in the world today, such as Google and Yahoo, were helped out by angel investors during their early days. So, it’s definitely worth looking into, particularly if you want business support as well.

Today, there are several great options to choose from when it comes to funding your home business. Even if the bank rejects you, getting the funds that you need is easier than you think!

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5 Home Business Ideas for College Students

The time between lecturers, early in the morning, evening, weekends, and holidays can transform the life of a student forever. The most successful people in the world have proven that prudent management of such time can bring a fortune. If you feel overwhelmed by schoolwork, you can hire expert assistants at paymyessaywriter.com to give you the leeway to focus on your business idea. 

Students who start businesses while in college build a strong foundation for entrepreneurship. It saves you from unemployment upon graduation. It is also an opportunity to earn extra money for your college upkeep. 

Not all businesses can fit the life of a college student. Some might be too expensive while others demand fulltime presence, disrupting your schoolwork in the process. It must be a business that brings reasonable returns with minimal effort. Here are the ideas you can explore for your college business. 

1. Virtual Assistance

Organizations are looking for remote workers to handle their appointments, draft letters, book amenities, and reply to clients, among other tasks. These are simple tasks that do not require advanced training. You will also be working parttime, accommodating the demanding life of a student. A virtual assistant requires minimal resources like a laptop and the internet. Most students can afford these resources. The returns are rewarding, and the student can scale down the business upon graduation. 

2. Freelance Writing

Writing is one of the fastest-growing freelance professions. Businesses and professionals are searching for qualified writers for their content. Luckily, the content comes in multiple formats and types, enabling you to find your area of comfort. 

Starting a freelance writing business requires minimal resources like a computer and an internet connection. You will create a profile on writing sites or an own website advertising your skills. You may also approach clients directly to write their content. Writers are some of the best paid remote workers today. There are numerous opportunities to scale the business upon graduation. 

3. Blogging

Create a blog and monetize it to make money. One of the most brilliant business ideas for students is blogging. A blogger can choose any theme to start a blog. Your creativity and quality of content you write will determine the fortune you earn from blogging. Blog platforms are free and easy to monetize, allowing you to set up a business with zero capital. 

4. Social Media Management

The expanding role of social media in business is raising the demand for professionals to handle the platforms. Companies are also paying a fortune for these services. Managing social media can even be done on the phone. It makes it one of the easiest businesses for students to start. 

5. App Development 

Are you passionate about IT? It is time to turn that passion into a business. Begin developing apps and offering IT services to companies as well as professionals. Their needs vary, allowing you to utilize your amateur as well as advanced IT skills. App development is one of the businesses of today and the future. 

A business started while in college should never interfere with your academic work. Choose an area of passion to avoid fatigue and making your business scalable in the future. It is also advisable to avoid capital intensive business ideas considering the financial status of students in college.

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5 Tips to Control Your Business Finances

No matter what kind of business you run, managing your cash flow is crucial for your operation to survive and grow. While there are many benefits that go hand in hand with running your own company, unless you stay in the know of the financial side of things, you could find yourself racking up debt before you know it. To help you stay in control, here are five tips on how to manage your business finances correctly.

Understand Your Financial Responsibilities

As a business owner, there are various financial responsibilities that you will be held accountable for. The type of business you run, as well as how many people are in your operation will reflect on what is required of you, however, one of the most important responsibilities is to pay your taxes. It’s crucial that you find out what your tax obligations are so you can be sure you’re doing everything above board. Repayments and reports are other responsibilities that you may need to carry out, especially if you have stakeholders to engage with and investors to repay.

Make an Accounting Schedule

Any successful accountant will tell you that the key component to good financial management is staying in control. If you begin to lose focus, mistakes can be made, which can cause disastrous consequences for your business. To help you manage your business finances, creating an accounting schedule is vital. Setting aside time each week to go over your financial tasks such as recording all transactions and filing all invoices will help keep things clear and manageable.

Use Accounting Software

While you may not be an accountant, that doesn’t mean you can’t make use of their tools and software. If you are the owner of a small business, you may be inclined to use basic spreadsheets like Excel, however, this kind of software isn’t designed to manage your accounting processes. There are lots of accounting software that is better suited, such as FreshBooks and Xero, both of which have features to help you manage your finances better.

Take Onboard Expert Advice

To help manage your business’s money better, doing your research and getting expert advice is important. Reading articles written by business owners who have been in a similar situation to yourself will help you come up with strategies to conquer your financial mountain. There are many resources available online that you can use to brush up your knowledge and get better at accounting.

Know When to Get Help

One of the traits that many business owners share is stubbornness. While being stubborn can be useful in some circumstances, if you’re facing issues with financial management and accounting, it’s important that you know when and where to seek help. For example, if you’re struggling financially, rather than taking out a business loan, which can be hard to obtain, merchant cash advances may be the better option for you.

Being out of your depth can cause the day to day operations to slide, so whether you’re making frequent mistakes or you’ve lost control of your cash flow, knowing when to seek help is important.

For day to day operations to run smoothly, it’s important that you have a solid grasp of your business finances. Whether that means overseeing proceedings or hiring an accountant to take care of your cash flow, keeping in control will avoid you running out of funds and getting into debt.

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Top 5 Trends that Shaped SEO in 2019

SEO made a big impact in 2019 with new trends.

These trends helped shape SEO to where it is today. If you haven’t been applying these trends to your website, better jump on board now!

1)    Understanding your audience

One of the biggest trends of the year was learning what your audience wants to see from you. Do they prefer text? Or do they want to see more visuals such as images and videos?

Figuring out what your audience is wanting to see from you will help your rankings.

Even if you have stellar content that is correctly optimizing, you won’t see any benefits if it is geared toward the wrong audience.

2)    Exceptional content!

With all that said about catering to the perfect audience, you still need to provide exceptional content.

Especially with Google’s new algorithm BERT, you will want to create conversational and natural content for high rankings.

Since Google is constantly adding and changing their algorithms, good content is more important than ever. To rank higher, you want to provide clear answers to what people are searching for in the form of high-quality content.

The better quality content, the better the chance of acquiring links, which can improve your ranking on Google.

3)    Technical SEO

In the past year, more companies have put a major focus on technical SEO.

Did you know that the faster your site is, the higher Google ranks it? Because of this, more sites have become faster. If you haven’t improved the speed or simplicity of your website yet, don’t get behind in the game and check this off your to-do list.

Google and other search engines also cater to JavaScript-driven websites. Meaning if you don’t already have a JavaScript-driven website, you should work with an SEO  firm that is familiar with JavaScript to get this done.

4)    On-page Optimization

Yes, on-page optimization has ALWAYS been important, but it definitely became more relevant in 2019.

Aim for content that answers common questions in easy to read and short conversational pieces.

You may even want to consider chatbots. Now, not EVERYONE is a fan of chatbots, but for users, it is a very helpful tool that can improve your on-site SEO.

Don’t forget the simple stuff like websites that are appealing and easy to navigate.

5)    Machine Learning

2019 was the year for machine learning. With Google consistently releasing algorithms, this was the year to crack down and figure them out.

By testing new strategies, companies have been able to successfully optimize for these new algorithms.

It sometimes takes time to figure out if implementing new changes help you rank higher due to new algorithms, but while doing this, you are creating unique content. Which in the end, will improve your SEO.

Remember, there is no harm in trying new things to see if it help you rank higher. If it does end up working, it is well worth the effort.

Want to stay ahead of the game for 2020? Consider working with a Phoenix SEO agency to optimize your website in the new year.

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Guide to Scrum Zertifizierung

The art known as scrum is actually a way that people in a workplace environment can actually help to solve numerous problems on various planes that allow them to collaborate and build strong teams so people can get the most out of the benefits, and make the negatives go away in the overall process. Scrum zertifizierung isn’t actually a methodology, but it is actually a way to use the same principles in a normal workplace environment the same way agile development is used in the software industry, but applied to real life situations, and real-life workplace scenarios.

So, it’s a Framework?

While it’s not an actual scientific or software application, scrum is a real life application of the same principles that literally lead to researching all of the data, finding the negative to help eliminate the problems and make better decisions, improve workplace quality, and then with the correct implementation, improve everything (including product development and the workplace development as a whole). In order to actually be a master of Scrum, the Scrum alliance actually has special needs that have to be obtained. You have to become certified to be a scrum master.

What Does Certification Do?

Many clients and even future employers will benefit greatly from what you’ll be able to teach them, since you’ll essentially have knowledge to help them in numerous environments and on various aspects of the entire development process. When you have a certification in scrum, you are essentially getting the proper certifications to do things like group training, team training, help engage conference interaction and productivity, as well as even prove that you have the organizational skills necessary to adaptively set forth all of the tools in your arsenal in motion, and be able to teach your clients to do the same.

What About Advanced Certifications?

While a scrum developer itself has one of the shortest training roles, they should never be underestimated. However, in order to achieve this training, a basic 5-day seminar is all that is needed to complete the basic scrum courses in order to become a scrum certified developer, scrum master, or even a product owner.

When it comes to adding additional experience and training to your education level however, you can actually get additional training from the Scrum Alliance that allows you to show that you’re a certified professional, not just a regular CSM, CSPO, or CSD. This can help you get even more applicable jobs and even build the chance and network for you to get more leads, because it shows that you are capable of doing even more for a company, and are essentially a true business professional.

Conclusion

Finding the right scrum training in order to get all of the certifications we mentioned above, and learn the proper techniques of agile development may not necessarily be easy, but with a team that is dedicated to their commitment to make you the best scrum professional out there known as Agile.Coach, you can get even greater abilities and set up your future to help better train companies in their project development process, which in turn continues to help you grow as an individual.

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Which Berkeley HVAC Company Specializes in Furnace Replacements?

When it comes to all of the HVAC specialists that are in Berkeley, CA, the results of that search on a website like Google® can be devastating. With all of these options available, how on earth can you expect to make a decision quickly and it end up being the right one when you need to have your furnace replaced? Fortunately, we have the best solution for you, and we’ll tell you how to find that HVAC technician that’s right for you!

Energy Efficiency

While this isn’t something that’s the number one on the list that you need to worry about when hiring an HVAC technician, it is a very important one. The right technicians will do their best to ask you about your energy situation and be sincerely concerned that you are getting the most energy efficiency from your heating and/or cooling units. 

When you meet them, they should treat you as not only a customer, but also like you’re a part of their family and be personable. Most of the best HVAC companies are the go-to for long term customers, rather than just having millions of people served (that can mean thousands of people unhappy with their service too). As a matter of fact, the best contractors will not only provide a service guarantee, but they will have proof that they haven’t had to go on a service call in so many years.

Licensing and Insurance

The state of California is pretty strict with general contractors of any kind. In order to operate as a contracted HVAC technician, one must be able to and obtain a contractor’s license. Because of this, if you ever find an HVAC repairman that says they’re licensed but isn’t willing to show you proof is trying to scam you. Don’t ever fall for “I left it at the office” if they can’t call someone from the office and immediately or quickly produce the documentation.

Not only do they have to be licensed, but you always want to make sure that you protect yourself (and the contractors) by making sure they have valid, up to date insurance. This will make you not be liable for any accidents that can happen sometimes on the job, no matter how small. It can also protect your property so that if anything is damaged, then the HVAC repair company’s insurance will be liable.

Conclusion

In all of Berkeley, though you may think it’s hard, you can find the best HVAC installation, repair, and maintenance service in the area pretty easily (we’ve actually found it for you). Get ahold of https://www.hasslerheating.com/city/berkeley-hvac-services/, as they specialize in all types of HVAC projects, especially furnace replacements, and they are concerned with your energy efficiency of your units, as well as your safety and all of your customers. Their team is fully licensed, completely insured, and provides nothing but the quality service and parts guarantee (including parts and supply warranties) to ensure that you don’t have a problem with any part of your furnace for years to come. They also specialize as a general contractor and subcontractor to help with remodeling and custom home designs as well.

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Different Types of Office Envelopes and What You Should Use Them For

Not all envelopes are created equal. If you order office envelopes online, you want to make sure that you are ordering the proper type of envelope for a specific purpose. Otherwise, you will be wasting money, while the envelopes gathers dust.

There are three reasons why choosing the right envelope is important. First, choosing the proper envelope means that you will choose the right size, shape, and purpose for the job you had in mind. This not only protects the contents better, but it also makes the package look cleaner and more professional. Second, choosing the right envelope means following the rules set by any delivery company. Many companies won’t accept packages if the envelope is not correct. Finally, you will be saving money because you won’t need to change the envelope if you choose the right one out of the gate.

A clean and professional-looking envelope will encourage the recipient to open the envelope and check the contents. A shoddy, poorly-chosen, or wrong-sized envelope might get your package tossed in the trash.

Common Types of Envelope

Here are some of the most common types of envelopes and what they are generally used for:

1.      Business/Banker Envelopes

This is the most common type of envelope used, especially by the greeting card industry. It is also used to send personal content such as cards or letters. You can recognize them through their triangular flaps and wide, rectangular space. While they come in various colors and sizes, white is the most common for companies because it looks clean and professional.

2.      Window Envelopes

If you are sending out bills or notices of payment, window envelopes are generally the way to go. This type of envelope has a small cut-out portion on the face of the envelope which is covered by clear poly plastic. This window lets the recipient easily see what is inside the envelope at a glance, and the content is positioned in such a way that the name and address of the receiver are already visible. Some window envelopes even have two windows.

3.      Disc Envelopes

Disc envelopes are generally used by software or entertainment companies to store, protect, and transport CDs and DVDs. The size is perfect for the standard disc, making for a snug fit inside. This prevents the disc from rattling around and getting scratched. Disc envelopes can be made from plastic or paper, and come with an adhesive strip for easy sealing.

4.      Square Envelopes

As the name suggests, this envelope is square in shape. It is generally used for sending invitations. This type of envelope has a wide flap and an adhesive seal so that it is easy to see if there is any tampering. In some cases, square envelopes can be used to send small and fragile items, so there are some variations that come with padding inside.

5.      Wallet Envelopes

Broad and large, wallet envelopes look like a horizontal wallet. You can usually find it used with automatic mailing machines as the design of the envelope allows for automatic insertion and processing. If you are sending out large packages such as documents that cannot be folded or creased, this is the best type of envelope that you can use.

6.      Pocket Envelopes

This type of envelope is smaller compared to other envelopes, and it is generally used for storing and transporting smaller items. The name, of course, suggests that it is made to be compact enough to place into someone’s pocket. A pocket envelope can be used to store small sundry items such as photos, money, receipts, and coupons, to name a few.

7.      Catalog Envelopes

If you are sending paper packages that contain sensitive or important information, you should consider using catalog envelopes. The size, dimensions, and added padding of these envelopes offer protection for the contents and prevents folding. It can open fully, allowing the recipient to see the contents easily.

8.      Booklet Envelopes

Booklet envelopes are thin and wide and have a flap located along its length. This allows content to be placed inside and removed easily without wrinkling or folding. They are generally thinner and lighter compared to catalog envelopes, so you should only use booklet envelopes if you are sending thin or light paper content.

9.      Airmail Envelopes

If you are going to send mail overseas through traditional posts, you should use airmail envelopes. This type of envelope is easily recognizable due to the distinct red and blue pattern along the sides, which differentiates it from other types of envelopes.

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Conquering Coworking – How Shared Office Space Can Make Your Business More Productive

Productivity is a vital ingredient to the success of your team and your business in general. Even if you have the best ideas, the best technology, and the most dedicated staff. Maximising the use of your time and money using any means and tools at your disposal should be at the forefront of your priorities.  

One often-overlooked means of increasing productivity, both for a solo entrepreneur or a small team or startup, is the use of coworking spaces. While it may not be readily apparent, the nature of coworking space benefits business in ways that all lead to a greater amount of quality work completed in a shorter amount of time. Here, we have assembled an overview of some of the key ways that coworking can enhance the nature of your business processes.

Let’s take a look at some of the specific ways in which coworking space can improve the productivity of your business.

 Cooperation And Collaboration

When you first enter a coworking space, you will likely be amazed at the diverse backgrounds of the colleagues you will meet. People working in a variety of different industries and with a variety of different skill sets all already use coworking spaces to their advantage.

This diversity provides a truly unparalleled opportunity for generating new ideas and combining skills towards the completion of projects. Ideally, you will quickly find someone in your coworking space who can provide insights into how you could improve your business or who can give you inspiration for future projects. You may even find a future collaborator or business partner with great ideas for how to explicitly improve the productivity of your business.

You will certainly find that everyone in these spaces is equally motivated and ready to get down to work. Being surrounded by like-minded individuals in this way can give you the boost of meaningfulness and productivity that can take your business to the next level.

Keeps Business Separate From Personal Life

If your business is based on a freelance or flexible model, you already know that working from a café or a public library has its advantages. It can be highly enjoyable to be surrounded by light noise or other minor distractions, however, sometimes this can become less than ideal for getting things done.

In these cases, coworking spaces offer a perfect solution. By providing you or your team with a designated area devoted to working, this can help establish a clear distinction between work and leisure time. This will allow you to get down to business right away upon entering the office each morning and thereby improving your productivity in the process.

Keeps Costs Down

If productivity is defined as efficiency in production, then keeping costs down while increasing output of either goods or services is essential. Coworking offers a highly affordable alternative to traditional business spaces. Rather than paying for an entire office and ensuring that the variable costs of maintaining equipment are continually met, you can experience the benefits of all of these things at a reasonable rate even from premium providers of coworking space. Ultimately, with coworking, you only pay for what you need. You can choose from several different packages to find an option that suits the needs of your business.

Stay Lean And Flexible

The contemporary business world is increasingly competitive and flexible regardless of what niche or industry you find yourself in. Maximising productivity by keeping your production processes lean is vital to continued growth. Coworking spaces can really help your business to maximise productivity as well as give you the boost you need to succeed.

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