Signup Link for Gofounders Membership just 97$

If you feel stress at your job, imagine how owners of the company feel, especially when challenging situations. Moreover, no one realizes the incredible amount of stress that small businesses undergo.

If they are like coming down on you, it’s just because of their pressure to keep their business operating at the time of business challenges. And workers won’t realize this and will create some dislike on their bosses.

It is one of the challenges you face among many while running your own business, and it is a challenge you should expect. Many are entering into the entrepreneurial world with some wrong expectations or with some unrealistic ones.

You experience countless publications to achieve success as an owner, but you will across many things to expect in business ownership. It would help if you understood the good and bad side of owning a business clearly to succeed. Are you thinking of starting a business? Here are some business challenges you face as an owner and should suffer at some point during your journey.

Challenges to face while running a business:

1.   Hiring people:

It is not easy to find good people these days, and it is. Finding the right people is one of the biggest problems small businesses are facing. In reality, you may not achieve fully as it’s your business, not your employees.

Hiring new people comes with a hefty price tag. If you have to train some people, the money you spend to train new people and the turnover you get each time leaves. So, it’s better to think about your employees and do what you can to make them feel happy.

You should hire talented people who have the knowledge and are skilled in your industry experts if you are hiring for your business. Also, think about how well they follow the directions, how well they can work with others, and whether their values align with your company’s values.

Maybe, you cannot find the employee who is passionate about the company as you are. You can find people with handsome experience and sound knowledge you are looking for, and a positive attitude also matters. And that employee can work along with you and can have the potential to grow with your company.

2. Legal issues:

Many people will sue you when you become a business owner. In reality, a lawsuit that has been filed against you is almost predictable in some situations during the long journey with your business.

You should act as if there is a 100% chance your company will face a lawsuit in some situations, and you can be prepared, avoid risks. Ensure that you hire a legal counselor and take some actions to limit your risk as much as possible.

Getting sued is not a good thing you want to talk about or at least to think about, but it may happen to you during your journey as a business owner. Ensure that you have business insurance, whether it’s due to a supposed start in your contract, an unhappy customer, an accident, or maybe something. It would also help if you had strong counsel to represent you in some situations where you go into litigation.

Many business insurance policies protect your business against litigation. But, find the right policy or policies based on the type of business you have. Research well and find the right one who understands your specific niche and industry.

Make sure that you have workers, compensation insurance if you have employees. Also, be cautious to have professional liability insurance to protect against negligence claims if your business provides any services.

With these things, you can be in a better position and can avoid risks. It’s better to do things with your power to limit the risk as much as possible if there is no path to reduce the risk.

3. Business Interruptions:

If any event makes your business stop operating will be considered as a business interruption. Business interruptions can occur at any time and can be for a long time. Right now, many business operations have stopped due to the pandemic.

Natural disasters can also cause a significant effect and one event of business interruption. It’s everything from tornadoes to floods. You may not run your business if your store or your home office equipment has been destroyed.

Business interruptions also occur due to supply chain management. Your supplier is the supply chain and maybe at the same risk of business interruptions as you. Your business may be stopped from receiving the materials needed to operate a business if your supplier is affected by a tornado. So, make sure to have a few suppliers who can provide the materials as your primary supplier to prevent your business from experiencing it.

Source

Earn Money Online Reliable Company

Since the inception of Bitcoin, there have been many individuals that have refused to believe bitcoin would be adopted into the mainstream. However, developers of the bitcoin community have worked tirelessly to update the bitcoin network, allowing it to become increasingly user friendly and relevant. These changes, along with the COVID-19 pandemic of 2020 have increased the adoption rate of the digital currency. This increased adoption has made bitcoin a desirable payment method across the world.

Compared to credit cards, bitcoin provides a reliable and fast method of transaction, it is also extremely easy to use and highly accessible to the everyday person. This has led many businesses worldwide to pursue accepting bitcoin as a form of payment, but many are not sure of the process and how to announce this new form of payment to their customers.

I will outline the steps required to start your business bitcoin journey.

Generate your bitcoin address

The first thing you need to do when setting up a bitcoin payment system is to get a digital wallet. A bitcoin wallet enables you to get a bitcoin address, which is similar to email, which customers use when sending payments. The sender must input the receiver’s bitcoin address, scan the receiver's QR code and then send the allocated amount by clicking the send option given. It is usually recommended to keep a smaller number of bitcoins on a server for regular use and store the bulk of your bitcoins in a secure place.

Utilize a payment processor

If your business is receiving many transactions each day, it is advised to make use of a payment processor. Generally, these payment processors charge a fee for their services, but it is still cheaper than credit card fees. These processors also allow businesses to instantly convert their bitcoin to fiat currencies if companies don’t want the risk of holding excessive amounts of bitcoin.

Announce that you now accept bitcoin as payment

Individuals that use bitcoin are always big supporters of the bitcoin community and bitcoin businesses at large. Many people would be thrilled to hear of more businesses that accept bitcoin, and thus go all out when announcing it to the public. No matter if you’re online or offline, make sure to have signage up that you accept bitcoin payment. The best way to get customers and engage them is to go public with your acceptance of bitcoin.

Keep records for tax purposes

Many business owners are deterred by bitcoin because they think keeping track of payments will be difficult. However, accountants keep a record of all transactions, and many are specially trained to handle cryptocurrency payments. Just ensure that before you start accepting bitcoin payments that you talk to your accountant to ensure you understand keeping and maintain records for bitcoin.

The process of setting up bitcoin payments is rather simple, but it is crucial to understand the payment procedure, bookkeeping, and tax system. Be sure to keep yourself updated with the bitcoin market and learn how to better analyse it. Accepting bitcoin payments can take your business to new heights, if only you take the first step to get it set up.

Citizenship always used to be all in and in one country. As people are more and more fluid in the services they get and where they get them from, it is inevitable; there will be a separation of digital, physical, healthcare, and even government services. Imagine living in Fiji and getting services from Estonia with an e-residency. 

Siim Sikkut is the CIO for the government of Estonia. He is also titled as Deputy Secretary-General for IT and Telecom Strategy and policy setting and delivery on digital government, national cybersecurity, connectivity areas. He works inside the Ministry for Economic Affairs and Communications in an economy ranked just on the edge of the world's 100 largest economies. He holds an MSC from the SOAS in London and sits on the OECD's Senior Digital Governments Officials working party as Chairman since 2018.

A global fluidity in business and consumer freedom could become the norm. While the idea may not be entirely new, the scale and scope of our speaker today, the CIO of Estonia suggests, are radical. This idea could make e-residency as much as 1%+ of the Estonian economy. It is a vital recognition of the shift in how we think about the world digitally. The idea is for digital nomads to use Estonia as a base for access to the European Community (continued and new). Suppose you are a UK digital nomad. This may be the route to continually working in Europe once barriers go back up. This re-forming of citizenship has remarkable multiplier effects on the economy and government service offerings that can be used globally and increasingly benefit the physical citizens of Estonia.

Opening up a digital economy to global citizens reshapes the nature of government, economies, and citizenship ideas. 

• On a global level, there are 60,000+ more e- citizens, and they have created 20% of the new companies since the program's inception in Estonia.
• These e-citizens share incredible amounts of knowledge with their community, too, and these ideas have a multiplier effect also to encourage more companies and service needs. The creation of that community has created very caring energy around Estonian companies' global community (digital) that spread Estonia's word.
• Business tourism has increased too to Estonia over that time. This is not about a tax haven but the ease of doing business. It is about removing friction across digital and physical boundaries.  

Bitcoin trading is no longer just for investment aficionados. With Mirror Trading International, anyone and everyone has the ability to improve their standing and start profiting off the gains that Bitcoin is making. Bitcoin trading can turn people’s financial situation around because rather than having the money sit in an account doing nothing, trading Bitcoin means your money works for you. We have seen countless of examples of people who have joined the network and build themselves a healthy stream of income.

About Mirror Trading International

Mirror Trading International is a Bitcoin trading company that has pioneered the way trading gets done. It allows you to help you grow your bitcoin, with little effort from you! The vision of the founders was to find a way to pool resources together and remove the barriers to entry when it comes to Bitcoin. Through the Mirror Trading International opportunity, people from all walks of life have been able to join the movement and build up their own networks within the system.

How to Get Started

Traditionally speaking, joining platforms that allowed for trading were typically complex and riddled with rules and restrictions that don’t favour the user. When you join with Mirror Trading, the process is straight forward and simple. All you need is a minimum of $100 initial deposit, which goes into a trading pool. From there it is traded on your behalf, meaning that you don’t need to have any knowledge or action anything. You simply sit back and watch your account grow. The automated, AI algorithm at MTI takes care of all the trades, and you get to sit back and watch your investment grow.

Trades are made Monday to Friday, and you get a report at the end of the day. The profits average 0.5% per day, but this is no guarantee that there will be profits every day. The entire process is transparent, allowing you to track the daily performance of your account.

Bitcoin is the only cryptocurrency that MTI trades. As the biggest and pioneering cryptocurrency on the market, Bitcoin holds the least amount of risk in terms of being a valid cryptocurrency. While many smaller cryptocurrencies have since been born, Bitcoin continues to be a market leader. Mirror Trading International made the deliberate decision to make use of Bitcoin as the base currency as they believe that this will be the cryptocurrency of choice for the future.

Increase your Investment Through Referrals

MTI offers an optional referral program where the business rewards people for marketing the company. Should you refer anyone, you can receive a 10% referral bonus. You can also build teams, which allows you to make binary bonuses. You need to have at least 2 people in your team and more than $200 in your trading account. Thereafter, you can cash in on binary bonuses which are calculated according to your weakest leg.

Binary bonuses are paid on the volume invested in your weaker leg; it doesn’t rely on the number of people, but rather the volume of Bitcoin in that leg. This kind of structure inspires people to invest more, which can lead to greater financial gain.

Bitcoin is already starting to change lives. The longer you wait, the longer you are delaying the journey to financial freedom and reward. With MTI, both the investment and referral option will help you kickstart a nest egg that could start your new business, buy your dream home, or take you on that dream holiday you’ve been thinking about.

Source 

In life, you are the captain of your own ship. As the captain, you have to take executive decisions, decisions that will charter the course of your life journey. Surviving in turbulent times means having a strong sense of direction. If you spend too much time doubting, you could steer off course. Do you often find yourself looking back over your shoulder? Then maybe it's time you put more faith in your decision-making ability. Whether you are a manager, self-employed, an agent or just a regular employee, all aspects of your life will continuously require you to take decisions. Moving forward steadfastly is often what separates the ordinary from the extra ordinary. It is often said that “people buy from people”, so if you are in either sales or a referral program, being able to confidently state the value of your proposition is what will either make or break your sale. Unfortunately, not all of us are born naturally confident.

Here are some ways that you can build your confidence:

Keep a weather eye on the horizon

When chartering your course, a good captain never ignores the weather. Being blind to the environment around you could lead you to sail into rocks, whirlpools, or stormy seas. Make plans for where you want to go, and then check that the conditions are right. If you see that the sea will be rougher, or that there will be too many other ships, you may want to change course or move with caution. If you keep going forward blindly, you’ll eventually get tired of running into trouble, and you’ll have less and less faith in your decisions. Being prepared to face what is out there is the best way to know that you’ve got the best plans.

Have a trustworthy crew

You can’t sail a ship alone. That is why you need to be able to rely on the people around you. If they are honest, you can be sure that they will let you know when you’re going off track. A ship is no place for bobbleheads - so stay away from ‘yes men’ (or yes women). When people only tell you what you want to hear, you are likely to end up in some sticky situations. These people might secretly think that you’re making a big mistake, but they won’t tell you that to your face. Be careful that you don’t go overboard and think that your decisions are always right. It's better to surround yourself with a team that will tell you if you’re sailing into a storm.

Remember the ships that you sank in the past

No one likes to revisit their mistakes, but you’d be a fool not to learn from them. Everyone makes bad decisions, but the lessons that we take away from them are important. Think about the time that you didn’t scope far enough ahead, or that time that you gave up too soon and missed out on a hidden treasure. Compare these to your situation now - are you about to steer into the same rocks as before? Once you’ve checked that you’re not sailing into the same sinkhole, you will be more confident in where you’re going now.

Reevaluate your monsters

From a distance, a stick in the water can look like a sea serpent. If you don’t look carefully at the things that worry you, you’ll spend time and effort swerving to avoid them. Take a closer look at your doubts - are they based on reality? As humans we are conditioned to recognise and run away from a threat. This makes us more likely to exaggerate danger in our heads. If you’re not sure about a decision, think hard about why. You might be coming up with a lot of worst-case scenarios, but many of these will never actually happen. Don’t let anxiety blur your vision, because the monsters around you might just be your imagination. If you let yourself get scared off, you will never reach the treasure that lays ahead.

Aim for your end destination

If you don’t know where you’re sailing, you won’t know how to get there. What do you want from life? Are you looking to find your fortune or make it big in your career? Which coordinates will take you there? Remind yourself why you’re making this decision in the first place - your end destination. Either the stars will align, and all will feel right, or you’ll realise that you need to readjust your course. Your destiny is written in the stars - you just have to follow them to find it.

You have what you need to take the wheel. All that is left is for you to go forward, reach your destination, and uncover what treasures are buried there.

Source

I’ve seen a lot of questions as to whether Mirror Trading International (MTI) is a pyramid scheme or multiplication scheme. As their members often attest, they operate the business with full transparency at all times. With this in mind, I would like to address some of those allegations. MTI is a legitimate, legal entity and doesn’t fall into the ambit of a pyramid scheme or anything of that nature.

We got one of the greatest legal minds in South Africa to write an opinion piece on network marketing in SA and on FSB regulations to explain this further.

Regulatory body

For far too long network marketing has been depicted as a pyramid scheme. Everyone thinks that anything that has a referral or recruiting function is a pyramid scheme, and that couldn’t be further from the truth.

The legislation that regulates network marketing is the Consumer Protection Act. It is very clear about what is illegal in terms of network marketing companies under this act, and this is what we are going to explain further in this article.

Legal application

Mirror Trading International is not a pyramid scheme and is a 100% legal business. They are registered in South Africa because the core business operations happen in South Africa.

Multi-level Marketing, or MLM, is a strategy direct sales companies use to encourage members who are authorised to sell products to recruit new members in order to further sales of the product. MLM is a marketing campaign that promotes the sale of legitimate products or services.

MLM as per SA legislation is not illegal, and it’s not a dirty little secret. You don’t have to feel worried when you recruit people into a legitimate organisation. You are giving them an opportunity to make money in a legitimate way while creating a secondary income stream for yourself at the same time.

If a financial scheme doesn’t fall within the ambit of an MLM campaign, i.e. it doesn’t have a service or product attached, you have a problem regarding legality. Investment in fiat money is regulated by the Collective Investment Scheme Control Act.

MTI is not an investment company. They provide a service where trades are done on your behalf. They provide a service to trade with bitcoin as a base currency. The Financial Services Board deals with fiat currency, and our government doesn’t recognise bitcoin as currency, but rather as an asset. Therefore, the FSB is not a regulating body for any bitcoin-based companies, such as MTI.

DEFINITIONS

The CPA defines various schemes in a specific way, and this may help you further understand why MTI doesn’t fall under any of the following illegal types of schemes.

1. Multiplication scheme – According to the CPA, a multiplication scheme exists when a person is offered a guaranteed amount of return, or an effective annual interest rate that is 20% above the repo rate.

MTI doesn’t fall into this ambit. They do not offer or guarantee results in the future. While our company boasts excellent trading results of an average of 0.5% a day for the past year of trading, we cannot guarantee these results in the future, and it is made clear to members that trading results may vary over time.

2. Pyramid scheme – this is defined as an arrangement or agreement where participants receive compensation derived from respective recruitment of other persons as participants.

MTI does not have this problem. You do not have to recruit new members in order to make money with MTI. Every cent that is made is through profit generated by trade, not recruiting. When you join, you use bitcoin and the company trades on your behalf. Thereafter, you get a portion of the profit. You are not being used to pay someone else. Additionally, there are no admin fees, joining fees or subscriptions.

A pyramid scheme needs recruitment to keep the company alive. If 0 new members join MTI, they will still make money.

3. Chain Letter Scheme – this type of scheme involves various levels of participation. Existing participants recruit new participants, and upon joining, get compensated according to their “level” within the company.

Mirror Trading International – it’s legal and legitimate

From the above definitions it is easy to see why MTI is not a multiplication scheme, pyramid scheme, or chain letter scheme.

They generate profit from trade.

They cannot guarantee returns.

There are no levels within the company.

I hope this article puts to rest any doubts you may have about joining Mirror Trading International. With the world advancing at such a fast rate, a legitimate trading company like Mirror Trading International offers members the opportunity to create a lucrative secondary income stream for themselves, whether they choose to recruit new members or not.

Source

GoFunders signup Here

Are you thinking of starting a startup company, be at the forefront of the right niche market. We can take the example of the first cookie dough café opened in New York City in 2017. 

But now, there are many cafés across the city. People loved the idea and resulted in numerous cafes.

Unique business ideas help you to be at the top as there will be less competition. And owners should make sure that their business will remain on everyone’s mind. Here are some business ideas to help you in 2020. These ideas are built based on startup costs, the owner’s skill, and the earning potential.

Top 5 Steps you should follow for a Successful Startup Business

• Cleaning Service:

You can do a cleaning business if you like cleaning. You can provide cleaning services to the homeowners, apartments, and commercial properties by hiring a few staff members and hosting cleaning supplies and transportation.

You can charge up to 30-40$ per hour. Cleaning service is a straightforward business and requires little overhead. It will be best to have a plan, dedication, and marketing to get your business famous. Add some premium options like floor waxing, exterior power washing, and many for an additional fee if you want to make a difference between you and other cleaning services.

All these services are the deciding factors between your cleaning service and seasoned companies to maintain many customers for providing a high level of cleaning.

• Freelance Copywriter:

If you have a bit of marketing knowledge, you can make yourself a freelance copywriter. Companies will pay for your services by writing blog posts, web content, or press releases. You can increase your value by helping your clients with a specific keyword that targets the audience already using their online searches. You can charge $40 to $50 per hour and even more based on expertise in a given vertical cloud.

Freelance copywriting is a great business to start and can work as long as you have internet. Even you can work from your home comfortably. You can also do a freelance writing job full time if you have an extensive network and gain some clients referrals.

• Home Care Services:

A passion for care and hospitality can support household seniors who need home care services. Home care service has a high demand and grows regularly. To the National Institute on Aging, the population is increasing globally between 2010 and 2050, and the global number of centenarians is increasing tenfold. So, many need home care services and assistance.

There is no need to have the background to help seniors and grow a successful business even though those skills have particular demand. Most of the seniors need help from small to big around the house. You can make your business to help seniors from their homes to assisted living facilities and can offer services like packing, transporting, setting up, and to store their furniture.

• Digital Marketing:

The importance of the internet is increasing every day. More trends are happening for the businesses to cut according to the clutter and to market themselves properly. There is a demand for digital marketing services, and many small and mid-size companies approach outsources rather than hiring teams.

You will have a business opportunity with freedom even from home if you have cuts in SEO, content marketing, pay-per-click, web development, and social media management. Digital marketing is very crucial for a brand. Social media management is done by watching for comments and messages around the clock.

SMM is not just scheduling posts in a set-it-and-forget-it type. Digital marketing is the right business for you if you enjoy making strategies and implementing plans.

• Food Truck:

A food truck business is an excellent business for you if you love food and traveling. Food trucks are available in all sizes and shapes. It will serve a wide range of snacks and cuisines to hungry event attendees or foodies.

Have your favorite food on the road and travel the events you like to sell your passions directly to the customers. You can do according to your passion and can get a chance to connect with people who will have similar interests.

A food truck may sound like a rough idea, but there will be profitable growth. A food truck costs less than owning a restaurant, and also you have the added advantage of mobility. 

Source

by Trish Harris the original post was published on

 https://growyourbitcoin.co.uk/f/crypto-and-digital-currencies-explained

What are Cryptocurrencies?

A cryptocurrency is an asset used as a means of exchanging. It is considered reliable because it’s based on cryptography.

One of the cryptography’s primary objectives is communications and how to make them secure. It creates and analyses the algorithms and protocols so no information is changed or interrupted during the conversation by any third party. Cryptography is a mix of a large number of different sciences, with mathematics as the basis. It’s maths that attaches the severity and reliability to algorithms and protocols.

Cryptocurrencies use blockchain and a decentralised ledger. This means that no supervisory authority controls all the actions in the network.

What are Digital Currencies?

Digital money exists only in the digital form, this means that it doesn’t have any physical equivalent in the real world. Nevertheless, it has all the characteristics of traditional money. Just as with classic Fiat money, you can obtain, transfer or exchange it for another currency. You can use it to pay for goods and services. Digital currencies don’t have geographical or political borders; transactions might be sent from any place and received at any point in the world.

Core Differences between the Two?

Even though cryptocurrency is a type of digital currency, there are some fundamental differences between these and digital currencies.

1) Structure – Digital currencies are centralised, meaning that the transactions in the network are regulated by a particular group of people and computers.

Cryptocurrencies are conversely decentralised and the regulations are made by the majority of the community.

2) Anonymity – Digital currencies require user identification. You would be required to verify your identity with sufficient documentation issued by public authorities.

Buying, investing etc with cryptocurrencies do not require this. However, cryptocurrencies aren’t fully anonymous. Though the addresses do not contain any confidential or personal information, each transactions is registered, the senders and receivers are publicly known, thus all transactions can be tracked on the blockchain.

3) Transparency – Digital currencies are not transparent. You cannot choose the address of the wallet and see all of the money transfers. The information is confidential.

Cryptocurrencies are totally transparent. Anyone can see any transactions of any user, since all revenue streams are placed on the public blockchain.

4) Transaction – Digital currencies have a central authority that controls
manipulation transactions. It can cancel or freeze transactions upon the request of the participant or authorities or on suspicion of fraud or money-laundering.

Cryptocurrencies are regulated by the community, and it is very unlikely that the users will approve changes in the Blockchain.

5) Legal Aspects – Most countries have some legal framework  for digital Currencies, albeit they’re in their infancy. 

Currently, Cryptocurrencies are unregulated. In most countries, their official status is still undefined. This is sure to change in the not too distant future.

Source