Business

You Aren’t Your Boss When You Are the CEO of a Start-Up
Business

You Aren’t Your Boss When You Are the CEO of a Start-Up

When people think of being a boss, they think that it means not being answerable to anyone, but that is seldom the case. Your customers are your boss.  Your clients are your boss. Your deadlines are your boss. Your commitments are your boss. While working for yourself, you are responsible for everything. You can’t shift blame and be done with it. No, when it is your business, everything comes down to you. Your clients become your boss because they dictate the amount of work you get and the kind of cashflow you deal with. Your customers are your boss because even if one of them is not satisfied they can damage the business with being vocal about their experience. A happy customer will always bring in more business. Your deadlines are your boss because they de...
Understanding the Bitcoin Working Model
Business

Understanding the Bitcoin Working Model

Blockchain has changed the way we perceive, process, and verify the information. The applications of the concept are still being explored in various industrial verticals. The most high-impact blockchain applications have been built on the Bitcoin model. So how does Bitcoin actually work? First of all, Bitcoin or any other currency in this domain is not downloaded or uploaded anywhere. All transactions implemented with Bitcoin are recorded in a register or ledger, which is globally shared across the extensive peer-to-peer bitcoin network. Each transaction has to be verified and approved.  This is executed on computers hooked on to the network by a global volunteer group. There is no “main server” or “headquarters” for this network, hence no single point attack can bring the s...
Understanding the Initial Coin Offering in Blockchain
Business

Understanding the Initial Coin Offering in Blockchain

With the blockchain buzz reaching a frenzied pitch, investors are scrambling their chips around various options to invest in cryptocurrency. With all this initial craziness, it’s hard to focus on what’s real enough to warrant an investment.  As far as start-ups are concerned, they have a whole new avenue to garner that highly elusive initial capital. The recent trend of startups launching ICOs has caught up fast investors flocking to these events in droves. Understanding the ICO Concept To clear away the obvious, what is an ICO? An ICO or Initial Coin Offering is basically the blockchain-version of an IPO or initial public offering where a company seeks capital from investors.  In this scenario, the investments are made through shares, whereas in the case of an ICO, inves...
5 Inspirations For Building Your Own Business
Business

5 Inspirations For Building Your Own Business

Sometimes, you have to take a cue from your personal needs and then build a business around it. Having more than one source of income is not only a necessity but also a smart move. It doesn’t matter if you are looking for ways to minimize your debt or looking to make some extra cash. Buiding a secondary business will let you have a financial cushion if your primary source ever fails.  Building a business isn’t easy, but it isn’t as difficult as most people tend to believe. Here are some inspirations to help you find a business idea that works for you. 1. Monetize Your Skills Monetizing your skills is one of the easiest to pursue options out there when it comes to building your own business. If you already have a skill that can be monetized then you will most likely not need ...
5 Best Health Insurance Companies of 2019
Business

5 Best Health Insurance Companies of 2019

Choosing a health insurance plan is never an easy task. First, you have to find out the reliable companies in your geographical location, study all the plans they have to offer, then finally select one that fulfills your health needs. Once you purchase the right plan, then begin the phase where you pay monthly/quarterly/yearly payment as premiums. Along with premiums, you are also needed to pay a flat rate fee called "co-pay" every time you go for a checkup or a medical evaluation. In this post, I have listed a few health insurance companies that I found to be the best in the United States. Here are the 5 best health insurance companies of 2019 1. Blue Cross Blue Shield (BCBS) Blue Cross Blue Shield (BCBS) is a health insurance company offering Medicare plans to all American citi...
Be a Better Van Business Entrepreneur: Tips to Keep You Up and Running
Business

Be a Better Van Business Entrepreneur: Tips to Keep You Up and Running

The transportation business is one of the most lucrative trades there is. There are several types of transportation services to choose from. While some may require high capital such as air transport, others such as a moving van business require much less capital. This low entry barrier means you are likely to compete with a lot of people. To have a competitive advantage, here are some important considerations. Carve Out Your Niche Many businesses tend to be generic in terms of who they serve, and that is why most of them struggle for years and eventually close. As a van business entrepreneur, you need to fill a particular niche that nobody else does. The first thing you need to do is define what kind of customers you want. Trying to sell to everyone will cost you money and time...
3 Reasons to Shop at Costco
Business

3 Reasons to Shop at Costco

As of March 2019, there are 770 Costco stores worldwide. Out of 770, 631 stores are located in the United States and Canada itself. It is growing at a rapid rate and soon will be able to compete against other megastores like Walmart and Target. For a frugal person, there are plenty of reasons to shop at Costco. However, to make dramatic savings, you need to become a "gold star" member of Costco which costs just $60 per year. Is a Costco membership worth it? Will it help me make some remarkable cash savings this year? There are two types of memberships Costco has to offer. One, "gold star" membership that I already mentioned earlier. Next, "executive membership" which will cost you $120 as of July 2019. It all depends on how much you spend each year. The "executive members" get 2...
What To Do If Your Employer Doesn’t Offer a 401k Plan
Business, Retirement

What To Do If Your Employer Doesn’t Offer a 401k Plan

"82 percent of millennial workers(age 21 to 34) are making contributions to the 401k plan" [1] Despite the popular belief, the new generation is very much interested and are active participants of the 401k plan. The 401k retirement plan is still one of the safest ways to save for the old age. It's a powerful financial tool that has served baby boomers over the past several decades.    Yet, some employers do not offer a retirement plan and prefer to pass the responsibility to the employees themselves. There could be many reasons why they choose to do so. Maybe the employer has started a new business and thinking about his/her employees future is not in his/her circle of concern.   So, every employee should think about alternative ways to save money from their ...
What does a worker’s compensation insurance entail and why is it important for a business?
Business

What does a worker’s compensation insurance entail and why is it important for a business?

What is the worker’s compensation insurance? The worker’s compensation insurance is basically a type of insurance which provides coverage to all the workers in terms of both medical and wage benefits if they ever fall ill or get injured at the workplace. This is mandatory in many places and also the term and conditions, as well as the benefits provided by it, may vary from one place to another. Many businesses carry it out because it is considered to be a necessity bylaw. What does the worker compensation insurance entails? Now the worker’s compensation insurance is one of the most valuable insurance protection out there than any particular business can have. For people who are in a workforce it is a necessity for both the employers and the employees.   Now depending upon...
5 Factors that Influence Business Environment
Business

5 Factors that Influence Business Environment

For any business to be successful, it is necessary that the business is able to carry out an effective interaction with its environment. This is because the business environment has quite an impact on its direct relationship with the various other organizations.  Also, the extent to which a business will success depends quite a lot on the manner in which it is able to interact with its environment. Now there are 5 different factors that can affect the business environment.  They are discussed in detail below- Political factor The ease with which the business of any particular company can be done depends majorly on the political environment of that country.  Now there several factors that can influence this like the political organization, the ideologies of the gover...