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Business

Small Business Office Ideas For a More Productive Workplace

by Matthias April 3, 2022
written by Matthias

The most important factor in any business office is the setup. An uncomfortable workspace can be a major hindrance to productivity. While this is a common complaint among small-business owners, it is worth a try to make a more pleasant working environment. Below are 20 small-business office ideas to keep employees happy and healthy. And, of course, all these ideas are cost-effective. Just be sure to check with your local building code first to make sure you’re not violating any regulations.

Your office should complement your business’s branding. This means choosing colorful wallpaper, unique product photographs, and a company logo. If you are based in a small town or city, you can also support artists by buying local art. The colors and designs of your office should inspire your employees and connect them to the city they live in. By adding plants and flowers to the office, you can add a touch of nature to the space.

If you have a limited budget, you may need to consider using off-site storage for some items. Shredding old documents and selling or donating them are excellent small business office ideas. You can also try to revamp the layout of your office by rearranging the furniture and the layout of the workspace. This will help to increase efficiency and productivity, and will also give your employees a chance to express themselves. If you’ve got a small office, there’s no reason not to implement it.

Having too many desks isn’t ideal for a small business. Having multiple file cabinets isn’t productive, and one big desk for each employee is overkill. Your office should support your business’s goals and be conducive to the work they perform. You should be able to transition easily between work stations and other parts of the office. By creating different zones, you can improve employee productivity and efficiency.

You can use office design ideas to make your small office more comfortable for the employees. By utilizing the space for different tasks, you can maximize the productivity and morale of your employees. Moreover, you can convert boardrooms and other spaces into media rooms and private call rooms. A flexible workplace can make employees feel comfortable and motivated, which will ultimately lead to higher levels of productivity and profitability. Your business needs a place where they can be inspired, and the right small business office ideas can inspire them to work hard.

Small office ideas should be flexible. Creating a flexible space will increase the productivity of your employees and improve the morale of the entire company. Creating a flexible space will make individual workspaces more conducive to multi-tasking. You can also make use of different rooms for meetings and brainstorming sessions. In addition to making your office more efficient, flexible workspaces will inspire your employees. It will also be easier to manage projects and make it more comfortable.

Aside from ensuring that the decor fits with the branding of your business, small business office ideas can also help you create an inspiring workspace. For example, the decor of your office should include pictures of your products and a local artist’s work. Besides, the design of your office should be functional. After all, it is important to make your employees feel happy and inspire them to work harder. A great workspace can also inspire employees to be more creative and motivated.

Besides the decor, you should also consider the personality of your employees. Small office ideas for small businesses can include a notice board where you can post your employees’ photos and messages. It is also a good idea to incorporate plants and jokes to a wall. If you have a small space, it can be a good idea to place plants in the area to bring in fresh air. You can also make use of a plant in your office. It is a great way to create a more welcoming atmosphere.

In addition to a professional, modern office, you should consider the aesthetic of your employees. An office should be free of clutter and inspire your employees. Incorporating unique images of your products can help your employees stay motivated. Incorporating plant-based artwork is a good idea to make your employees feel proud of their hometown. A small business office can be decorated with unique and inspiring artwork. This way, you can show your company’s personality.

April 3, 2022 0 comment
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container house
Business

The market for container houses and container builders

by Matthias April 29, 2020
written by Matthias

By 2025, it is estimated that the global container market should hit about $73,070 from about $44,768 in 2017. The market for container homes is obviously progressive. There has been an increase in the demand for container homes due to its numerous advantages. They are very portable and can easily be moved from one place to another.

This is one of the reasons it is adopted in developed countries where available space is limited. The reduced cost of production is pushing architects and container builders into constructing more container houses. In Africa, where there are several developing countries, the growth of container houses will tend to strive in these regions. Especially because of the need to acquire affordable housing.

Another reason why there is a boost in the demand for container homes is its preservation of internal architecture from the external influences such as the weather. Due to the insulation of the internal structure, container houses are often warm in cold regions.

Container homes do not require much space to set up. In developed and developing countries where space availability is minimal, container homes are an excellent choice. This is another reason for the boost in demand.

Globally, the container market is segmented into several parts. Container type, regions and construction parts are just some examples of these segments.

The offering segment is divided into on site built houses and factory built houses. On-site built houses have a higher percentage.

The architecture type category is divided into three segments; apartment buildings, duplex or bungalows and tiny houses. In this segment, the duplexes are expected to be more on demand.

The construction type segment is categorized into movable and fixed houses while the end user type segment is subdivided into recreational/leisure houses, residential homes, nursing and emergency houses. In the end user category, residential homes are dominant. Residential homes also dominates the container market globally.  

As the demand for container houses are growing so also will the demand for container builders be on the increase. There would be increased job opportunities for those who have delved into this industry. Container houses are very lucrative and would be in the market for a very long time. If you are a traditional home builder, it is wise to diversify and learn to build container houses.

What makes container houses stand out

The uniqueness of container houses makes them stand out in any locality they are found. When properly constructed, it has an exotic feel to it. They are not just houses but a piece of art work which is pleasing to the eyes.

If you have always lived in a traditional house, it might take a while to adapt to the new style of housing but when you do, you would not want to trade places. Container houses are comfortable and quite cozy. Little wonder there is a surge in demand for it. The key is to make sure you have good container home builders.

April 29, 2020 0 comment
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Business

How To Incorporate Videos in Your Wholesale Hair Business?

by Matthias January 9, 2019
written by Matthias

Let’s say you are seeking some best wholesale hair vendors over the internet to look good and more beautiful in the party tonight and the browser has just been popped up with two different websites with two different types of display. The first website describes it all about the wholesale hair business and wigs in the text form on which you have to invest at least couple of minutes to read. Whereas, the second website is totally based and working with the video marketing and while going through it you just need a minute or two to understand what they have been offering. So which one you’re going for?

Obviously, the second one which has been showing their products in the form of video. Absolutely, you have to be in the 72% of the online audience that really prefers video marketing for businesses and especially when it is about wholesale hair and extensions people usually wanted to see how they are going to look like when putted on.

According to a well-founded research almost 81% of the online buyers prefer to purchase those products online that are being marketed through videos. This means that the chances of leads and conversions are higher by doing video marketing.

How Videos Can Help Out Wholesale Hair Business?

Most companies insist that written content and product review are still a better option but they really don’t know that they are living in the heaven of fools. Whatever the product it is, video marketing is already doing wonders for every business and when it is about wholesale human hair wigs it is doing magical turnovers in terms of profits and revenue.

With the help of implementing video marketing in your wholesale hair business you can get the following advantages:-

  • Increased brand awareness
  • Closer product lookup
  • Increases online presence
  • Increases trust to your customer
  • Boosted engagements
  • More informative product review
  • More attractive and appealing
  • Simpler and easier
  • Saves a lot of time

There’s more a lot we can discuss about the unbeatable advantages of video marketing. Most of the readers at this point will surely ask that how to convert our wholesale hair customers using video marketing so here’s the answer, use four of these amazing proven tactics for video marketing of your business.

  • Create A Video Blog

Video blogs or vlogs are the most trending practice these days to promote and market your products. If you cannot do it yourself you can even hire one from the online marketplace and ask them to make a review for your wholesale hair business.

  • Facebook Live

Wholesale Hair Business

Wholesale Hair Business

The live streaming feature of Facebook has seriously gone beyond the marks for user engagement and audience building. If you yourself can’t do then just don’t worry and request any of the influencers from the online fashion industry and ask them to do so.

  • Instagram

Wholesale Hair Business

Wholesale Hair Business

This is one of the most accurate and best platforms to promote the fashion related products because women have been using this application a lot. Your wholesale hair products can get a serious boost with the help of this social media channel.

  • Facebook Cover Video

Facebook has recently rolled out an update after which you can replace your static cover photos with eye catchy video content because the cover part of your Facebook page is like a landing page for your business.  A short video review can do really good for you!

I guess that’s enough of the lecture today that will make you able to improvise your wholesale hair business and marketing efforts, we’ll see you next time! J

January 9, 2019 0 comment
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Business

What is the impact of motivation in an educational setting?

by Matthias September 28, 2018
written by Matthias

Teachers need to understand the importance of motivating students to ensure high levels of success. Students’ motivation ignites the interest to learn both inside the classroom and beyond. Some of the methods that you can use to capture and increase the attention of students include reading to them inspirational Quotes and driving the mastery of the material that you teach them.

There is really no formula for motivating students. The most important thing to do is make sure that you understand your students at a personal level so that you are able to know what drives them to learn. Usually, students’ educational needs can vary since they don’t all share the same desires and values.

In this article, we’ll have a look at the importance of motivating student:

  1. Encouraging and motivating your students gives them all an equal opportunity to learn. It helps the struggling students to rediscover themselves and make progress no matter how small the steps are.
  2. Motivating your students helps them put their resources into action. To be successful, the students need to make full use of all the resources that are made available to them.
  3. Motivation improves the level of efficiency of the students as they pursue success. The students, in the hope of getting the most out of their efforts, put in extra hours into their studies.
  4. Overall, the entire class gets to achieve their goals and target. This can only be achieved through teamwork among the students. If the students are result-directed and act in a purposive manner they can achieve all that they set out to.

  1. Motivation helps the students to build friendly relationships amongst themselves. When the students know what benefits they are going to reap, they will realize how helpful it is to be co-operative with each other. Normally, any dispute and unrest will reduce; this will provide a smooth learning environment that coincides with the students’ interests.
  2. Motivation helps the students to achieve their own personal goals. Self-improvement leads to personal happiness and satisfaction. This gets better when the students have a strong support system or when they work together with a dynamic team.
  3. Motivation leads to a more optimistic and challenging attitude in the classroom. The students work hard in the bid to outdo each other and get to the top of the class. This kind of healthy competition leads to a more empowered team.

Generally, motivation leads to the mental stability of the students. The students will be more encouraged to learn and perform better when they feel that the teachers are also interested in their improvement. As a result, the school’s public image will be raised.

Conclusion

From the above discussion, we can say that motivation in an integral part of any learning institution. Teachers need to be in close contact with the students to that they can understand the needs, wants, and desires of each and every one of his students. When a teacher understands these needs, he will be in a better position to frame an appropriate motivation plan.

Effective motivation does not only involve the students but the teachers as well.

Finally, we would like to mention that motivation is a continuous process that needs to be continued all through. As the self-improvement goes on, one’s needs keep changing.

 

 

September 28, 2018 0 comment
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Business

Is Bitcoin Taking Over the Business World?

by Matthias May 25, 2018
written by Matthias

Bitcoin has registered immense success over time. Its prices shoot up to 750% in a year so it would not be too early to say it is taking over business. However, recent reports are worrying. With a recent big crash, you may be uncertain whether to invest bitcoin. Reports from China show that bitcoin prices plummet by 30% and the uncertainty that ensues should make you reconsider your choice to invest in bitcoin.

Bitcoin’s Firm Foot on Business and why you should not invest in it.

The infatuation with bitcoin is major. As a Cryptocurrency its doing better than real time currency. Experts however say it is an investment Armageddon. It can plummet anytime soon and the below reasons peak into bitcoin. Despite its firm foot, it lacks in:

  1. Bitcoin has unregulated space

Bitcoin’s lack of regulation by either government or banks is the red flag that should warn you off. In the case of a grievance, you will have no authority to address it to. When you are ripped off after you have bought a commodity suing your credit card, you will be compensated. On the other hand, if you are ripped off by a bitcoin transaction, you have no grounds to ask for compensation.

You should not invest where there is unregulated schemes. Therein lies pain if you lose your investment yet you cannot ask to be compensated.

  1. The issue of bitcoin’s legality

The legality of bitcoin is one major hurdle, most especially for Indian investors. Even though bitcoin has not been declared legal, it is recognized by the Reserve Bank of India and other Indian authorities as currency. This was however cleared in a December 2013 press release.

 

In the press release, traders of bitcoin and other virtual currencies were warned about potential operational, financial, customer protection, legal and security related risks. If this alone is not enough to keep you from investing in bitcoin, the latest February 2017 press release ought to.

The press release stated The Regulator had not licensed companies to trade in visual or digital currencies. The Reserve Bank of India added that if you deal with bitcoin it would be at your own peril.

  1. Ponzi schemes abound

You should be aware of the high risk of fraud. Fraudsters have banked a lot on the misinformation and lack of clarity that has surrounded bitcoin and Cryptocurrencies. Weigh your options keenly if you see a promise of ‘high returns’. It might be a Ponzi scheme.

Watch out for those companies that promise to double your initial investments. Miscreants will use the growing fame surrounding Cryptocurrencies to lure you into Ponzi schemes. If you want to invest, do so in the right state of mind because bitcoins are highly volatile. Promises of great returns after a short time are therefore highly unlikely.

  1. Prone to illegal activity

Extortionists and even terrorists can utilize the Cryptocurrency space as advantage over your investment in bitcoin. Illegal activities might just be at the end of your transaction without your knowledge. Cybercriminals can lure you and take advantage of your investment and you have no way to ask for compensation because they know how to cover their tracks.

Cybercriminals mask their addresses and even the government is not able to snuff them out. On one occasion, a bitcoin trader had his computer locked by hackers. They demanded from him payment in 3 bitcoins for his computer to be unlocked. He made the payment but the hackers did not keep their end of the bargain.

Hacking incidents and cybercrime make it impossible to track these legal activities. This stands as a danger in the Cryptocurrency space. Bitcoin has an unregulated scheme and this will expose you to unforeseen risks such as anti-money laundering and financing terrorism laws.

  1. Extreme volatility

Investing in Bitcoin is a high-risk venture because its prices are volatile. Bitcoin investment has been met with a fair share of skepticism. Analysts have their reservations about bitcoin because it lacks an ecosystem that will allow them study its investment. Bitcoin lacks enough ecosystem making it impossible for analysts to study is an investment.

What the bitcoin ecosystem lacks is enough individuals, organizations, entrepreneurship support organizations and top performing startups. These elements make bitcoin give bitcoin a ‘lesser’ ecosystem. You should invest if you have imperfect information. Bitcoin prices are not regulated and if you join the bandwagon, prices climb even higher.

Being lured by bitcoin’s high prices will burst your bubble of expectation. When this happens, it will cause widespread loss and your initial investment will not be recovered.

  1. Neither currency, nor commodity

Bitcoin lacks clarity on its origin. The proponents of bitcoin have unlike ‘fiat currencies’ failed to call bitcoin a commodity. This corrupts even the thought that bitcoin has been mined using complex mathematical formulae. Bitcoin does not fall in the currency category. Before you invest in it, you should know that any government does not control it.

The act of bitcoin declaring itself as democratic makes it risky for you considering investing in. Ensure that your investment is at least backed up by a tangible asset or at least by sheer demand.

  1. If you are not familiar with bitcoin, do not invest

Take it from global bankers and experts who have warned against investing in bitcoin. They are of the opinion that Cryptocurrencies are but a bubble waiting to burst. You may be caught up in the quagmire that bankers and retail investors are caught up in. Retail investors have used the Citgroup CEO Virkam Pandit as leverage because he invests in bitcoin.

This should not make you invest if you have no knowledge prior to bitcoin. You should follow Warren Buffet’s take of not investing in something that you do not understand. If you are not convinced yet, if bankers ask you to keep away from bitcoin because they do not understand bitcoin it is most likely that retail investors have no understanding of the phenomenon as well.

Conclusion

Bitcoin is a lucrative form of Cryptocurrency business. What lags it from ‘taking over the business world’ are the above reasons. It is an unregulated scheme and you should only trust your investment with an avenue that has put in place enough measures to secure your interests. Still it is the fad on the business street, there is no denying that.

May 25, 2018 0 comment
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Business

Successful Businesses from Shark Tank

by Matthias March 31, 2018
written by Matthias

Usually, you may have an original business idea but you need funding. This has been the case for many of the contestants you have watched in the debut of all the Shark Tank episodes. These entrepreneurs who make the cut have a chance of showcasing their idea to a large viewing audience; their potential customers.

The chosen few whose ideas are outstanding land a deal with one or more of the show’s investors. This pedestal gives the select companies the chance to scale and in some cases, they end up becoming a nationally recognized brand. This review samples out some of the most successful stories on the show, some are the shark’s own favorites.

Successful Businesses from Shark Tank

  1. Lollacup

This debut was a BPA children’s drinking cup with a flexible straw which allowed children to drink easily. For 40% of the phthalate-free children cup company’s equity, Robert Herjavec and Mark Cuban invested $100,000. It has since made a gross sales of over $1,000,000 since its debut on the Shark Tank.

  1. Squatty Potty

Squatty Potty’s debut on Shark Tank was no surprise. This personal care company was already well established and renowned for manufacturing a toilet stool that enhanced easier bowel movements.  For 10% of the company’s equity O’Leary and Lori invested $350,000. The Business Insider was shocked at the 24hours that followed after the two sharks bit.

Squatty Potty made $1 in sales within 24hours. Its gross revenue in 2015 was $19 million and was expected to shoot up further to $30 million.

  1. Ten Thirty-One Productions

Before their debut on Shark Tank, the Hinnants made about $1 million in sales. When Cuban decided to invest $2 million for 20% of Melissa Carbone’s Ten Thirt6y One Productions, a live horror-entertainment company in season 5, the company is now expecting $6.5 million in gross revenue.

This boost in sales was boosted by an appearance in Cosmopolitan magazine. The company has grown and one thing that has stood out is the company’s philanthropic nature. It has used its profits in India to house a total of 100 kids. Last year alone the company grossed $3 million in revenue and although the shark disclosed the company’s exact figure, he hinted that it makes a half a million dollars in annual revenue.

  1. Breathometer

Breathometer is a portable breathalyzer that works with a smartphone and mad its first appearance on Shark Tank’s 5th episode. For a 30% deal of their company’s equity, Kevin O’Leary, Daymond John, Herjavec and Lory Greiner got on board with an investment of $650,000. In partnership with Cleveland Clinic, Yim, the company CEO secured an additional $6.5 million in funding. This partnership helped Yim develop a more accurate and more portable main product. This was all in addition to a product that could track both oral health and hydration levels.

In reference to what Yim told Inc., the Breathometer was going to make $20 million gross revenue in 2015 which was double what it made last year.

  1. Bubba’s-Q Boneless Ribs

A former pro football player from Ohio came to sell the sharks his scrumptious baby back ribs which can be cooked in a microwave in 2 minutes. This went down in 2015 and John invested in the idea for 30% equity, for $30,000. When he spoke to the Business Insider, John told of his amusement because he had not expected to make the most out of a rib business.

John not only helped Baker license rights to his company but also helped him to secure a deal with a large-scale food processing plant. The shark said that he can make Bubba’s-Q become a national brand with a sterling $200 million in lifetime sales.

  1. Tipsy Elves

A man from Lubbock came to the sharks with his colorful, magnetic light strands were a remarkable solution to one of the holiday’s biggest headaches. It was only one of the sharks, Robert Herjavec who placed his money on Evan Mendelsohn and Nick Morton’s ugly Christmas sweater.

This was in season 4 and most viewers thought that Robert’s investment of $100,000 for 10% equity was a lost cause because the sweaters were a fleeting fad; Christmas comes only once. It turned out to be his most profitable Shark Tank investment when he spoke to Business Insider.

In order to stay ahead of trends, Herjavec helped Tipsy Elves become a year-round novelty apparel company. He helped the company capitalize off not just Christmas but also but in multiple holidays and even the college football season.

The change in annual revenue has been immense because, before its debut on Shark Tank, it made gross revenue of $900,000 in 2013 and last year $8 million while $12 million this year.

  1. Grace and Lace

This business idea was a husband-and-wife duo, Melissa, and Rick Hinnant’s fashion company, Grace, and Lace that shark, Barbara Corcoran invested $175,000 for 10% equity. When she spoke to Business Insider, the shark said that Grace and Lace was her most profitable Shark Tank investment.

  1. Wicked Good Cupcakes

Wicked Good Cupcakes, a mother and daughter company that makes cupcakes premiered on the show in season 4. The duo made a deal with O’Leary who instead of equity invested $75,000. After its debut on the show, the duo expanded Wicked Cup Cakes to a new production facility. In the course of this, O’Leary made $1 for every cupcake sold and when his return on investment was paid back, he earned 50cents for every cupcake sold.

  1. Scrub Daddy

This sponge company has become the biggest Shark Tank’ success stories. Investor Lori Greiner has had a total of $75 million in revenue over the past three years as return on investment in Scrub daddy. In season 4 of the show, Lori made a deal with Scrub daddy CEO, Aaron Krause for $200,000 in exchange for $20 equity.

Reiner invested in the company not because of its gross sales because it had not been doing so great; $100,000 in sales over 18 months. The investment was based on foreshadowed potential Greiner saw in the company’s signature offering.

It was a proprietary smiley faced sponge that was better than the traditional sponge as it was more durable and hygienic. She helped grow Scrub daddy by placing the company in a myriad of stores like Bed, Bath and beyond and also QVC. The sponges have become the best sellers.

 

March 31, 2018 0 comment
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Business

Top 8 Pillars of a Successful Business

by Matthias March 24, 2018
written by Matthias

Pillars hold something up giving it a strong foundation. Just like a chair held in place by its legs, a business needs pillars to hold it up. These pillars are found in the business ecosystem and are wide in variety. The best minds in the business have given their insight on pillars that have held up their successful businesses.

The founder of GST, Glenn Bolton made his discovery on certain factors that will either grow the volume of your business or plummet its destruction. There are more than 30 pillars of business but have been ramped up to 8. These 8 are major key and if you make sure to incorporate each into your business structure, your profit margins will grow tenfold.

Pillars of a Successful Business

The following are the main pillars for your business success;

  1. Trends

Trends will allow your business to cast a new level of business. Companies like Apple, Facebook, Reuters and Amazon among many others have implored trends. When you implore trends, it will keep your business ahead because you will find a way to grow through its adjacencies.

Some of the top 10 trends that you have to heed to make your business successful are; new ways to scale business, new type of business ecosystem, a different type of leader and leadership values, rise of the global middle class, global division of labor, the universal connector, cloud infrastructure and many more.

Knowing these trends will help you learn how to conduct your business anonymously on a huge scale. They serve as a source of innovation because trends will deepen your understanding of the business pyramid. This is how Unilever has penetrated the Indian market.

  1. Products

In conjunction with products that your business is engrossed in, these 9 factors should define your product line. On-demand, access how big the market is big for your products and services. Popularity will help you know if your products and services are a requirement or fashionable. Also, ask yourself whether your products provide value for money to its end user.

Basing on the services that your products provide, ask yourself whether those services are what people truly need. If it is yes, then your customers should readily pay full retail for the value of your products. Services and value reflect products uniqueness because they show exclusivity of your products.

Assess the longevity of your products in the market. If your products last long in the market, you will know the future of your business. Place your basis on whether there are more products ‘in the pipeline’ and your current competition.

  1. Company

Just like products, this third pillar of a successful business lets you upscale your business success by asking yourself certain company related questions. It starts with your management, knows the track record of your co-founder team that is running your company.

For a successful business, your company has to tread on legal lines. If it treads legally, what about the ownership? Is it listed on the stock market publicly or it is a private company? Check on globalization aspects because knowing if to market worldwide or only locally will what reserves to adjust such as an internet presence.

  1. Income

A successful business does not base alone on its profit margins. Its rate of return on your initial investment has to be promising for your compensation. Also, what leverage you hold will work out the success of your business. In turn, the rewards that you get have to be fair for the levels of commitment shown.

Speaking of investment, your return on investment matters. How soon you can return your initial investment will determine your level of commitment to how much money is required from you. Income revolves greatly around supplementary cash you can make in your spare time. How long it takes before you replace your current income will be based on income limitations.

It, however, relies on your payment schedule because knowing that will give you a fuller picture of whether your income is unlimited or potential limited.

  1. People

For you to make great strides in business you need to count on your co-founder team. The sort of people you surround yourself have to be smarter than you. Take it from Russell Simmons, the Def Jam Recordings founder whose take on people to surround yourself should be those smarter than you.

Accomplishing feats is a prerequisite for a team that is inspired to instill greater good in the company. Inspire teamwork by putting in place graded recognitions and foster an environment that kills a one-man show.

  1. Support

Training will host your business. You have to ensure that forums have been put in place to offer support. For meetings, you can strategize whether to go for online options or physically attend the meetings. Instill creativity which will give your support team effective tools in developing market materials and acquiring a domain name or creating a website.

  1. Stewardship

Businesses that are shortsighted in stewardship lack in outliving a company’s societal duty of giving back to the community. You, therefore, have to consider environmental impacts by assessing your ecological outlook. Charity and equality, therefore, have to count.

Be resourceful by having a policy of equality and participate in charity events as a way of giving back.

  1. Process

Take it from analysts and Dr. Edwards W. Deming’s take on how systems and processes will corrupt your business if you will not be vigil. He says that 85% of reasons that account for failure in meeting customer expectations are based on system and processes deficiencies.

You, therefore, should not take it lightly because systems and process can jeopardize your business. Have a complete understanding of your company’s systems and processes, make I part of you.

These pillars are the most elaborate pillars of a successful business. There also is profit but it is generally represented in the pillars. If you trends are overly your priority just like Unilever, your business will work its adjacencies through all sorts of markets. These pillars will radically move your business into markets you did not know you could dominate.

March 24, 2018 0 comment
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Business

Top 7 Benefits of Using Cryptocurrency

by Matthias March 17, 2018
written by Matthias

Cryptocurrency is a digital money designed to work as a medium of exchange that uses progressive encryption procedures called cryptography. Cryptography safeguards all transactions controls the formation of additional units and verifies the relocation of properties. Cryptocurrency is a type of the following currencies;

  • Digital currencies
  • Virtual currencies
  • Alternative currencies

Cryptocurrency uses decentralized control with a mechanism known as blockchain, which is an unrestricted transaction database. The first Cryptocurrency was Bitcoin that was invented in 2009, from then there have been a number of cryptocurrencies that have come into existence.

In recent years Cryptocurrency has swiftly gained recognition and understanding of its usage and value by many people. Apart from Bitcoin, there are other types of Cryptocurrency such as;

  • Ripple
  • Dogecoin
  • Litecoin
  • Dash
  • Ether

In April 2013 Bitcoin received a great deal of attention in many parts of the world when its worth was $266 per Bitcoin. But after two months the value of Bitcoin decreased by 50%. Currently, Bitcoin has a market worth of $10 billion.

The following are the benefits of using Cryptocurrency:

  1. Recognized Universally

Many global businesses currency have embraced the use of Cryptocurrency this is due to fluctuating exchange rates during transactions. Have you ever experienced difficulty in currency exchange or charged for currency exchange? For Cryptocurrency, there are no such things and are priced at a constant value.

Non-issue and recognized value of cryptocurrencies have led to time-saving in determining a value for a transaction, and charges associated with the exchange of different currencies. As Cryptocurrency is being embraced in different parts of the world, it is going to make financial dealings quicker and easier.

The other forms of the electronic money system, Cryptocurrency is the safest of all. This is because with Cryptocurrency you own a private key and a corresponding public key that creates your Cryptocurrency address, which only belongs to you. But for the other electronic systems, your account can be owned by another person without your consent.

For Cryptocurrency to replace traditional currencies and credit cards it will take time because many people are unaware of cryptocurrencies hence education on Cryptocurrency is essential if it is going to be used in future.

  1. Accessible to Everyone

Globally there are almost two billion people who have access to internet and phones. These group of people is slowly embracing the use of Cryptocurrency rather than the use of traditional forms of money. M-Pesa a Kenyan mobile money transfer system and micro-financing service have currently announced a Bitcoin device, in which has already gained popularity few months after later.

As the world is rapidly developing and the use of mobile phones connected to the internet are also increasing, many people and businesses will embrace the use of Cryptocurrency. It is considered that the use of Cryptocurrency will spread quickly in the manner phones spread at the end of the 1990s and beginning of 2000s.

  1. No Middlemen

Use of Cryptocurrency in the acquisition of property helps in the removal of costly lawyers, brokers and other middlemen who inflate the price of a property. Cryptocurrency essentially acts like, “a vast property rights database”, this is in regards to a financial professional and can be used to implement and apply a contract between two parties on various properties such as automobiles.

  1. You have Control of Cryptocurrency

The most exciting thing about Cryptocurrency, unlike other money systems, is that you have the control of your money. Most traditional money systems such as;

  • Brokerage houses
  • Banks
  • Credit Unions

Usually, take control of your money and you have to adhere to their terms and services. If you do not abide by these terms they can append your account. Sometimes they can increase the monthly fees without consulting the account owners which becomes more expensive.

But for Cryptocurrency there is no one who can manage your funds, you are the only one who can decide when to change your terms.

  1. Secure

Unlike cash or credit cards, Cryptocurrency is digital and encoded to avoid theft of your funds. If you are using legacy payment methods or a wallet full of money, theft becomes easier contrasting Cryptocurrencies.

Globally online, saving, and credit transactions are rapidly increasing on a daily basis. Hence the only safe method of transactions all this is by the use cryptocurrencies.

  1. Decentralization

Unlike banks and financial institutions which are controlled by the government and tracing and seizing of customers’ accounts is easy. For cryptocurrencies, no government can trace it hence no chances of confiscation.

Cryptocurrency is untraceable due to the fact that there are a number of networked computers that use Blockchain hence no central control.

  1. Appreciating Currency

Cryptocurrency has promoted usability and growth of global markets due to increase in the value of cryptocurrencies. As many users and merchants join the network the more the demand and the higher the prices of cryptocurrencies.

There are also other benefits of Cryptocurrency that are considered to be minor. They include:

  • Low inflation risk
  • Computer-generated Wallets – Cryptocurrency can be safely stored in a virtual wallet hence minimal the chances of theft.
  • Leverage – businessmen who trade Cryptocurrency with the help of brokers are presented with leverage, giving them a great pact of flexibility.
  • No transaction cost – no transaction cost is applicable when it comes to Cryptocurrency because all Cryptocurrency transactions are documented on a public account book and not on paper.
  • Fraud – Cryptocurrency is digital and hard for counterfeiting to take place.
  • Easy to use – Cryptocurrency is easy to use, by adding an extension to your business application or use of an application.
  • Faster processing – settlements are done within one minute opposed to banks that take five to seven business days.
  • Borderless dealings
  • Cashback platform for customers

There are many other benefits of using cryptocurrencies and currently, it is taking over the global market. With all these benefits I strongly recommend you to embrace the use of Cryptocurrency so as to be part of it.

Also, you should be aware of the risks involved when transacting using Cryptocurrency. You should trade Cryptocurrency with intelligent assets which are basically a better way of getting involved in the digital market using money in your ideal currency, without trading with the concerned Cryptocurrency.

March 17, 2018 0 comment
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Sizes of Some Random Markets Compared with Crypto Market
Business

Is it Too Late to Buy Bitcoin and Is It Too Late to Invest in Cryptocurrency?

by Matthias March 15, 2018
written by Matthias

As the price of bitcoin hit its all-time high of $19,000 last year, most people thought that it is too late to buy it. Despite the fact that the bitcoin price has shed some value since then and now trades around the $9,000 mark, most of those people still think it is late for them to buy a bitcoin.

However, it is not too late to purchase a bitcoin or invest in cryptocurrencies. The advice by most financial experts to steer clear of crypto investments is wrong for several reasons and there are reasons which point to the fact that Bitcoin and other cryptos are destined for greater things.

Is it Too Late to Buy Bitcoin

We will take a look at some of these points.

Crypto Projects are Gaining Widespread Acceptance

The stance of some top companies and governments in the world surrounding bitcoin and other cryptocurrencies is changing. An example of this is Ripple, a cryptocurrency that has been designed to make inter-boarder payment faster with less transaction speed. Banks and other financial institutions across the globe have registered with Ripple to use their blockchain so as to make payments faster.

This huge potential by Ripple means that it is set to become a very important coin very soon. Bitcoin is also trying to catch up with that with the adoption of the SegWit and the Lightning network.

As these cryptocurrencies begin to gain widespread acceptance by companies and businesses across the globe, their coins will ultimately increase in value. Thus, it isn’t late to invest in a crypto project to invest in.

Crypto Market Bearish Run is Just a Correction

According to the “Bitcoin Index Misery” tool that was developed by a Wall Street analyst Thomas Lee, this is the best time to purchase Bitcoin and other cryptos. The bitcoin misery index is currently below 18, which means now is the best time to buy a bitcoin or invest in cryptos. He explained that the misery index gets low every year and bounces back within 12 months. Lee has predicted that Bitcoin would hit the $20,000 by the middle of the year while his end of the year prediction still remains at $25,000.

This view is shared by analysts in the financial world. The crypto market is currently facing a correction but it is expected to bounce back and go on a bullish run afterward.

The price of cryptocurrencies have been rising for the most part since they first started out and there is no indication that the rise will stop soon despite the current market correction.

Country Stock Market Caps vs. Crypto Market Caps

Another reason why people are convinced that it is too late to invest in bitcoin and cryptocurrencies, in general, is because of the huge market value. The market value of cryptocurrencies which rose quickly last year has made several people think that the market is saturated and a bubble might soon take place.

Let us take a look at this statistics and understand what is really happening. The US Stock Market Cap is 167 times bigger than the Bitcoin market value and it is also 94 times the size of the crypto market. The second largest economy in the world, China has a stock market that is 54 times the size of Bitcoin’s market cap and 31 times that of the crypto market.

Country Stock Market Caps vs. Crypto Market Caps

Why are we making this comparison? It is because we want to dismiss the notion that Bitcoin and other cryptocurrencies are in a bubble. The crypto market is just a fraction of the US and Chinese stock market. When you look at it that way, then you will know that the crypto market isn’t in a bubble, rather it has the potential to grow even bigger than it currently is. Since they have the potential to grow even bigger, then it isn’t late to invest in Bitcoin or other cryptocurrencies.

Crypto market is just a fraction of the events that happen in stock exchanges across the globe and has the potential to rise even higher in the next few years.

Watch this video here.

Sizes of Some Random Markets Compared with Crypto Market

Looking at it from another angle, let us take a look at the market cap of some random market and compare them with that of cryptocurrencies. Some markets such as the Autonomous Vehicles, Virtual Reality, Augmented Reality, and the Internet of Things haven’t been fully explored yet but their market cap is bigger than the whole crypto market.

It is safe to conclude that the Bitcoin and crypto market has made more progress than the above-listed markets yet they have bigger market value than Bitcoin and other cryptos.

How often have you heard people ask if it is too late to invest in the virtual reality market or the autonomous market? How often have you heard people ask if these markets are in a bubble even though most of have greater market value than the crypto market?

The loyalty points market currently has a market value of $653 billion, which is bigger than the whole crypto market but the market has never been termed as overvalued.

All this points to the fact that the crypto and bitcoin market has the potential to grow even bigger than it is at the moment. When you consider the fact that larger players in the industries such as hedge funds, CME, investment banks, pension funds, asset managers, and others haven’t started investing in the market yet, then you would know that the market will explode beyond its current state and it is not late for you to invest in the market.

Diversification should be a Priority

The most important rule of investment is diversification. Keeping all your investments in one market is very risky as you might lose everything. However, if you diversify, you reduce the risk of losing everything. Bitcoin and other cryptos are excellent assets to diversify your investment.

Since they are to act as assets to you, then it isn’t late to invest in them

Conclusion

The question posed in this post is something only a few people can answer with much confidence. However, all signs point to the fact that it isn’t late to invest in Bitcoin and the crypto market as the market has the potential to become even bigger than it currently is.

March 15, 2018 0 comment
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