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What Entrepreneurs Should Know About Expanding Their Business

ABC Staff
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What Entrepreneurs Should Know About Expanding Their Business

When you look at the different types of people who start businesses, you’ll immediately see that no one specific kind of person can become a business owner and entrepreneur. All backgrounds, educations, and ideas are welcome in the business world, especially now that, thanks to technology, it’s a simple thing to set up a business.

Of course, any good entrepreneur will have a lot in common with others, even if they are different when it comes to them as a person. They will want the same things, for example. They will want to grow their business and make it as good as it can be. When this happens, they will be making money, be successful, and even think about the future a lot more positively. So just what is it that entrepreneurs need to know about expanding their business? Read on to find out.

Market Research Is A Necessity

Market research will bring about different ideas and emotions in everyone. Some will think of it as boring and unimportant. Others will make it a priority. These latter people are the ones who truly understand how to expand a business. Market research is not something that can be done quickly or that can be left untouched. Unless you carry out market research, your expansion plans might come to nothing because you simply won’t understand who your target market is, and you won’t understand how to cater to their needs.

No matter what stage of your business you are at, market research is going to be necessary, but when you are thinking of expanding, either into a new territory, with a new product, or perhaps changing your website to offer more, it’s vital. You don’t want to run the risk of making a big, costly mistake that market research would have warned you about.

Don’t Alienate Existing Customers

Something that it will certainly pay to keep in mind when you are looking at how to expand your business as an entrepreneur is that your existing customers need to be taken care of even while you’re looking for new ones. If you don’t watch out for them, you might find that all the changes you’re making actually alienate them, and they’ll start to drift away. This is problematic since you might lose too much money to continue your expansion plans without your core of loyal customers.

Therefore, when you are growing your business, you need to focus on your old customers as well as your new ones. Offer loyalty discounts, for example, or ask for feedback about how you can move forward. You can even create an event for current customers with entertainment from alivenetwork.com. Getting them involved will help them stick with you despite the changes.

Build Brand Recognition

Brand recognition will be important when it comes to expanding your business. If you have this, if customers automatically know who you are, then making any movements towards growth will have the desired effect more quickly because you won’t have to do quite as much advertising to be seen. Of course, marketing is still going to be essential, but you can scale back a little if you’re already known, and this will save you money which is always something entrepreneurs should be looking for ways to do.

There are various ways to build brand recognition for your small business. They include:

  • Creating a standout logo
  • Having a tagline
  • Sending out newsletters and email marketing
  • Being highly responsive on social media
  • Providing excellent customer service
  • Helping in your local community

Utilize these ideas, and you should be able to leverage your brand to help you grow.

5 Ways to Improve Your Eyesight

Sam Allcock
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0
5 Ways to Improve Your Eyesight

Since the start of the pandemic, our daily lives have changed significantly. Over the last couple of years, we have experienced important changes, from wearing masks and sanitising our hands every 10 minutes to working from home.

But while remote working has undoubtedly helped people achieve a better work-life balance, many are also spending more time at home in front of a screen and less time outside. For a lot of people, this has meant that eye health has suffered. 

Most of us are so used to staring at a screen for hours on end that we forget to think about the effect it can have on our eyes. While we might ensure we’ve got lumbar support and drink plenty of water throughout the day, we forget to take care of our eyes. So to help you look after your eyes, we’ve put together this guide to help you improve your eye health and your vision. 

Spotting the Signs of Deteriorating Eyesight

Only 35% of adults have 20/20 vision, which means chances are your eyesight isn’t perfect. But how can you tell? 20/20 vision is the definition of good eyesight, and it means that you can see objects clearly from 20 feet away. If you’re lucky enough to have 20/20 vision, it’s unlikely that you’ll need glasses for day-to-day activities. 

If the world doesn’t appear clear to you most of the time, then it’s likely that you need glasses — even if you had 20/20 vision at some point in your life. Unfortunately, our vision tends to worsen as we get older, so spotting the signs early is vital. Some of the symptoms of deteriorating vision are: 

  • Blurred vision
  • Eyestrain
  • Headaches
  • Fuzziness.

If you’ve noticed you’re experiencing any of these, even if you already wear glasses, it could be that your eyesight has worsened. Fortunately, there are ways to improve your vision and maintain eye health, such as: 

1. Live Healthy

As with many health issues, healthy eating can help your eyesight. One of the easiest ways to improve your eye health is by making sure the right stuff is on your plate. 

Try to eat foods containing omega-3 fatty acids, zinc and vitamins C and E. All these nutrients can help ward off problems like macular degeneration (retina deterioration) and cataracts. There are plenty of foods that are excellent sources of these nutrients, such as:

  • Leafy greens — spinach, kale and collards
  • Oily fish — salmon, tuna and sardines
  • Protein sources — nuts, beans and eggs
  • Citrus fruits and juice.

Another reason for keeping on top of your bodily health is that it helps you maintain a healthy weight, reducing your chances of diabetes, a leading cause of blindness. 

Unsurprisingly, if you’re a smoker, you should quit as soon as you can. Alongside other health problems, smoking can cause blindness, cataracts and damage your optic nerve and retina. 

2. Wear Sunglasses

While sunglasses are undoubtedly a fashion statement, they are so much more than that. Sunglasses protect your eyes from damaging UV rays from the sun. Providing you have the right pair, sunglasses will help protect your eyes from too much UV exposure that can cause cataracts. 

But sunglasses aren’t just for those lovely sunny days. Even bright cloudy days can cause you to squint when you’re outside. You might not even realise you’re squinting, but it puts strain on the muscles in your face, which can cause headaches and migraines. 

When looking for new sunglasses, always look for glasses that have a UVA or UVB rating. The majority of designer sunglasses have this rating, while some lower price sunglasses provide no UV protection. Always double-check you’re protected. 

3. Limit Your Screentime

We are all guilty of spending too much time staring at some sort of screen, whether it’s our phones, computers or the TV when we’re relaxing. Limiting your screen time is much easier said than done, but it’s well worth making an effort. Not only will it help your eyesight, but it’s also excellent for your physical and mental well-being and can help you be more productive. 

Adopt the 20-20-20 rule: 

  • 20 minutes of screentime
  • 20 seconds staring at something 20 feet away. 

4. Exercise Your Eyes

Exercising your eyes might sound ridiculous, but it can help your eye muscles stretch out, relax and start working correctly again. Stepping up the absurd, take up eye yoga. No, we’re not talking about your eyes doing downward dog, but the logic behind regular yoga applies to your eyes. 

Performing these exercises daily, weekly or as often as you can, can help you to avoid straining your eye muscles:

  • Focus shifting
  • Palming
  • Controlled eye-rolling.

5. Book an Eye Test

Last but by no means least, if you’re worried about your eye health, then book an eye test. While all the other tips and exercises on this list can help, an optician can accurately access your eyesight and identify any problems and underlying health conditions. 

An optician can determine if you need to get glasses or contact lenses that will solve any symptoms you’ve been experiencing. If you do need to wear glasses, even if it’s just for reading, make sure you pick a pair that you enjoy wearing. Choosing a pair you’re not keen on will mean that you avoid wearing them, and your eyesight will deteriorate further. 

Etherium: What Investors Should Know Before Investing

ABC Staff
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0
Etherium: What Investors Should Know Before Investing

Etherium is one of the most well-known cryptocurrencies that many people have been investing in. Its conversation rate or dollar equivalent has increased massively, and surprisingly that caught more people’s interest. Despite the fact that these cryptocurrencies, such as Etherium, are volatile and can be very risky, new investors are still taking their chances to invest for some share. 

Thus, knowing the positive possibilities in investing with Etherium is clearly not enough reason for you to take the risk. There are more details and information that you must dig deep first before jumping right in. With these kinds of investments, you should be prepared for the better and worse that may come without notice. Now, if you’re planning to invest specifically in Etherium because of its potential and high success rate in this present time, here are more facts that you might want to take a look at. 

  • One of the most liquid financial assets.

One notable advantage when investing with Etherium is that it is undoubtedly one of the liquid financial assets amongst all the other cryptocurrencies. This has all been made possible because of the creation of multiple online brokerages, trading platforms, and exchanges that are all thriving. Through this liquidity, investors can easily convert and exchange their Etherium for cash or goods such as gold. 

  • Lesser danger of inflation. 

Another advantage in investing in Etherium is that it has been proven that it has a lower danger of inflation compared to other cryptocurrencies available on the platform. Thanks to their clean inflation strategy that blocks the possibilities and risks of fraudulent activities such as tampering. 

  • ETH has been considered the second-largest cryptocurrency. 

With that being said, it is clear the Etherium has acquired a very trusted and reliable reputation when it comes to cryptocurrency. No wonder why many investors have continually stretched their support and put large bets towards this specific currency. 

Take note that this specific cryptocurrency has maintained its position for years which is impressive because even with the fact that these are volatile, they still managed to stay at the top.

ETH is supported by most, if not all, crypto exchange platforms. In Australia, a recent survey revealed that it’s the second most traded cryptocurrency this year. And with the number of trusted crypto exchange platforms in the country, as outlined by Debt Bombshell, traditional and institutional investors on a global scale are very confident and positive about the thriving success of ETH for more years to come. 

Final Words 

Truly, Etherium can be a high-risk investment or a high-reward investment. There’s no in-between. However, because of its success rate and reputation in the field, investing in Etherium at this present time is a very wise decision because of its stability and reliability. 

After all, it wouldn’t reach the top and become the second-largest cryptocurrency for years if it was a flop. Truly, Etherium has established a clear strategy that has helped them to reach success. Just remember the major principle when it comes to investing in any of cryptocurrencies, only invest what you can afford to lose. 

Is Crypto.com Safe: A Detailed Overview

Sam Allcock
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0
Is Crypto.com Safe: A Detailed Overview

Crypto.com has gained immense popularity among crypto traders in recent years. Still, many potential users are wondering whether it is secure enough to keep money there. In this review, we will discuss all the security aspects of the operation of this exchange and find out whether it is trustworthy or not.

Let us start with legal regulation. This platform works globally and is licensed in most countries. It strictly obeys all the local laws and regulations in each region where it is available.

Yet, you probably know that, in the case of some platforms, legal does not mean “secure”. So, is crypto.com safe?

In short, yes. This company has a “Defense in Depth” approach. In other words, they introduce safety measures into every aspect of their work. As a result, the risk of hacking attacks and similar problems is minimal.

Most potential users are worried about their money protection in the first place. This company stores its clients’ money offline, which is the safest option. Also, its cold storage is protected with $500 million insurance that covers a full range of risks.

Also, they have HSM-protected hot wallets with multi-signature keys for serving everyday transactions. But they are used to store only a small part of the general amount of users’ money.

Speaking about fiat currency trading, for such investments, the source offers custodian accounts regulated by local authorities, for example, in the USA, traders are protected by the FDIC.

As for their web and mobile platforms, they are secured like large international banks. So, they apply firewalls, TLS encryption, automated threat detection, real-time monitoring, and a long list of other advanced protection features.

In sum, crypto.com is one of the safest choices for both novice and experienced crypto traders. So, we recommend including it in your top list.

How Old Do You Have to Be to Buy Stocks: Simple Explanations

Sam Allcock
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0
How Old Do You Have to Be to Buy Stocks: Simple Explanations

What to do if your kid is interested in investing, but he or she is a teenager only? What is the age when one is allowed to start trading stocks and other assets? In the article below, we will provide you with the key legal information on this issue and offer an optimal solution.

According to the law, in the USA, only adults at the age of 18 and older can own stocks, bonds, and other assets. Consequently, teenagers and children under 18 cannot buy, sell, or invest in such products. Yet, there is an easy solution, which can help you circumvent these restrictions.

Luckily, you as a parent or guardian have the right to open a custodial account for a teenager and help him or her start a career in trading. In real practice, the answer to the question “How old do you have to be to buy stocks?” is “Any age”. It is up to you as a parent to decide when your child is ready for investing.

Now, let us discuss available custodial account options:

·   Uniform Gift to Minors Act. This type is intended for investing in stocks, mutual funds, bonds, and cash. Both a teenager and his relatives (or guardians) can send deposits to it. But those contributions cannot be returned afterward for the sake of the child’s security. Also, there are no annual deposit limits.

·   Uniform Transfers to Minors Act. The biggest difference from the previous type is a wider range of assets available. Such accounts allow holding any property, like cars, real estate, land plots, art pieces, etc.

·   Roth IRA. These are retirement accounts, as you know, but you can open them for teens as well in case they have some taxable income. But take into account that there are annual income limits ― about $6,000.

Luckily, such accounts for teenagers are available on most brokerage platforms, the main point is to make sure that the service chosen does not charge any commissions for trading and does not demand making a big initial deposit or holding a large sum on the balance.

Online life insurance – How to apply

ABC Staff
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0
Online life insurance – How to apply

Whilst surfing the web, you’re bound to come across countless online ads for life insurance. We all want to protect the people we love, that’s why life insurance is a safety net like no other.  Applying for life insurance online can be quick & easy – if you know where to look.

Just like any long-term purchase, you’ll want to do your homework beforehand. So before you begin your search, let’s understand the basics of a life insurance policy.

What is life insurance?

Life insurance is a form of insurance that provides support for your family when you die. Typically, your insurer pays a lump sum to your loved ones upon your death. The policy pay-out can be used to cover any living expenses or outstanding payments your family may struggle to pay off alone.

Among many things, the payout from a life insurance policy can be used to help with:

  • General household bills
  • Mortgage repayments
  • Outstanding payments like loans & debts
  • Childcare support
  • Education costs like school or university fees
  • Funeral expenses

When you take out a life insurance policy, you will start paying monthly premiums to your provider. If you fail to pay your premiums, you will no longer be covered or receive repayment for the premiums already paid.

Types of life insurance

We’re all different, that’s why there are several types of life insurance policies we can choose from. These types of cover mainly differ in terms of cost and the length of cover. Ultimately, the cover you choose should reflect your budget to ensure you can keep up with your premiums.

Whole life insurance

Also known as ‘life assurance’, whole life insurance covers you for the remainder of your life, instead of a fixed period of time. Though it can be more expensive than other policies, you are guaranteed a payout – so long as you keep paying your premiums. This policy offers a worry-free solution to life insurance, ensuring cover no matter when you die.

Term life insurance

Unlike whole insurance – which provides permanent cover, term life insurance has a set policy length (i.e 20 or 30 years). If you outlive the cover length (which is a good thing!) the policy expires and you will no longer receive cover or refund for the premiums paid.

Term life insurance can be bought in 3 forms of cover:

  • Level term – The pay-out amount remains the same throughout the length of the policy. However, the pay-out is not protected by inflation and could be worth less later down the line.
  • Increasing term – The value of your pay-out increases over time to protect it from inflation. As the pay-out increases, so does the cost of your premiums.
  • Decreasing term – Usually taken out to cover a large payment like a mortgage loan.  Over the term of your policy, the value of your pay-out decreases by a certain percentage.

Joint life insurance

Popular with couples, spouses & business partners, joint life insurance covers two people under a single policy. It can work out much cheaper and easier to manage than individual policies. Most standard joint policies pay out and end after the first death – the surviving member will need to take out further cover if required.

Critical illness cover

Critical illness cover can be bought as a standalone policy or as an add-on to a life insurance policy. It pays out in the event you are diagnosed with a critical illness, supporting you and your family during this difficult time. It’s important to understand which illnesses you are covered from and how the provider defines them, as it can vary depending on the provider.

There is also terminal illness cover – which typically pays out if you are diagnosed with a terminal illness which you will die in less than 12 months.

Where can I buy life insurance online?

There are a number of routes to use when buying life insurance online, first, you’ll need to get a quote from an insurance provider. A quote is an estimate of how much a life insurance policy will cost you monthly. This is usually calculated by age, health, smoking status, occupation and other health and lifestyle factors.

You can apply for life insurance online with providers such as:

For expert advice, it’s worth speaking to an online insurance broker as they take your personal circumstance into searching for a policy. If you are unsure about the financial aspects of a policy, it’s best to speak with a financial adviser. They can advise you on a policy that matches your budget.

What is the cost of life insurance?

As already mentioned, there are several factors that determine the cost of life insurance policy. Depending on the type of life insurance you may be required to undertake a medical exam. The insurer normally asks you some general health and lifestyle questions regarding:

  • Your age
  • Health
  • Occupation
  • Smoking status
  • Type of cover you want
  • The length of cover required

Age has a significant impact on life insurance costs, it’s typically cheaper to take out a policy when you are young. As you get older, the cost rises – mainly due to the reduction in your life expectancy as well as an increased risk of developing health conditions.

Who needs life insurance?

We don’t think it’ll happen to us, but sadly we all have to die one day, that’s why  It’s always worth considering life insurance. Generally, you should get life insurance cover if you have any dependant who relies on you financially. The people who typically need life insurance are:

  • Main earners of the households
  • Spouses or partners
  • Young families
  • Single parents
  • Business owners

None of us want to leave our family with any financial burdens when we die. That’s why the sooner you take out a life insurance policy, the sooner you can give you and your family peace of mind.

How TikTok Uses Business Analytics To Grow On The Internet?

Sam Allcock
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0
How TikTok Uses Business Analytics To Grow On The Internet?

TikTok is a China-based social networking platform that focuses on short-form video media. It presents users with various challenges to unlock their imagination and produce entertaining (if not addictive) content that is available via an unending feed. TikTok’s primary source of revenue is advertisements, giving it an attention-based corporate strategy. TikTok was first introduced on the global marketplace in 2017. TikTok has had more than 800+ million active users worldwide since its introduction, and it remained the most installed application within the App Store for five successive months during October 2018.

It is a global equivalent of an even more existing video application called Douyin, developed by a China-based Online technology business called ByteDance. TikTok’s popularity as an online media network can be linked to its pioneering use of AI and learning techniques to promote user-specific information to users, and its controversial strategies developed using intelligent business analytics. They recently debuted the Pro function, which enables people to gain knowledge of their accounts depending on user interaction and provides extensive analysis to encourage more people to interact with the accounts. With more than 300+ million installations during 2019, India seems to be the application’s second-largest user base behind China. It made it the most popular advertising and marketing channel, and it’s quickly becoming one of the most crucial ways for a company to increase sales and buy tiktok likes for its business updates.

What Is Business Analytics, And How Does It Work?

Business analytics is a branch of research that tries to help businesses make data-driven and realistic improvements. It concentrates on giving meaningful advice by developing a viable model for putting statistical data generated through various methodologies into practice. Data is always correct and talks louder than just about any other medium of communicating. All that is required is the development of ways to interpret data in a manner that provides tangible and actionable insights. If done correctly, it can significantly enhance sales and expand a company’s customer base. TikTok collects data and provides insights using powerful algorithms and cutting-edge AI capabilities, allowing content producers to attract a wider audience. It also gives authors access to information on which types of content appeal to which audiences. Such insights could be used by businesses to compile needed content and create content that reflects it.

How Has TikTok Been Improved By The Use Of Business Analytics As Well As Trolllishly?

People and businesses were unsure about the success of employing the channel for digital marketing and advertising well before the arrival of advanced analytics. Companies couldn’t assess network results first from investments that were committing since there had been no in-app analytics capabilities. Because of this, the businesses that partnered with the influencers were difficult to assess the success of their collaborations. Following the advent of the TikTok pro profile’s business analytics feature, the business noticed an unusual rise in companies attempting to use the site. Users were also encouraged to stay on the network because it could now promote their updates using Trollishly.

The advanced analytic dashboard proved to be a valuable tool for identifying insights into the types of viewers who interacted with the material and the effectiveness of the released contents. In addition, it enabled the company to know its user base & prospective customers and target individual adverts to their preferences and preconceived notions. As a result, it is the highest downloaded application with over 1.5 billion installations and a market value of even more than $75+ billion.

It is easy to say that TikTok is the most popular social media site right now, surpassing the long-established business giants like Twitter, Facebook, and Snapchat. The reality that it accomplished this in under three years is even more incredible. TikTok appears to have become what it is now due to its unique utilization of  AI (Artificial Intelligence) with the broad implementation of business analytics. By participating in the Executive program in Business Analytics, one may now emerge as a Business Analytics specialist. There seem to be several 12-month programs that concentrate on developing analytics competency and are offered via online live events.

It’s all regarding data-driven competing tactics, quantification, and predictive analysis or modeling. The curriculum teaches managers how to find their most significant consumers, give the most excellent price, create products, streamline the supply chain, and discover the critical financial performance factors. To add further rigor and quality to the program, the course is presented by a group of subject specialists.

Conclusion

TikTok and business analytics are great together. However, sometimes it is wise to make the best use of it whenever it is required. Anybody can learn more about business analytics and how to use it along with the TikTok application. The additional opportunities come only if you put in other efforts.

Entrepreneurship Education Curriculum: Does It Need to be Updated in 2022?

Sam Allcock
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0
Entrepreneurship Education Curriculum: Does It Need to be Updated in 2022?

The start-up ecosystem of the world is changing rapidly. It is growing exponentially at an accelerated pace and shows a promising future for budding entrepreneurs. 

The soaring popularity of entrepreneurship education has made many individuals explore the world of entrepreneurship as a career instead of going for 9 to 5 regular jobs.

Aspiring entrepreneurs want entrepreneurship education institutes to provide them with the needed competencies and skills and introduce them to the secrets of start-up businesses. They also expect the institutes to offer a launchpad for their business and product ideas.

As the world is marching into an online era, the entrepreneurship curriculum needs to be updated to meet the dynamic demands of this exciting domain. 

Here are the top factors that shape the entrepreneurship education curriculum in 2022:

  1. Experiential learning for entrepreneurial mindset development

Entrepreneurship institutes are keen to design their curriculum in such a way to pull the aspiring entrepreneurs out of the conventional classrooms to embrace a learning process wherein practically doing is emphasized. 

Students will be expected to work on real-world projects that will ask them to conduct feasibility analysis, build business models, handle competition, and get conversant with market scenarios in the coming years. 

Experimentation and innovation will encourage students to find entrepreneurial opportunities and spend considerable time building a business idea and executing the same practically.

  1. Incubation centres and e-cells

Incubation centres and e-cells will become the major feature of every entrepreneurial institute. The learners get the opportunity to play with innovation to validate their business ideas and try their hands in building prototypes.

More and more institutes will include e-cells in their course structure and guide students to improve their innovation potential and hand-hold them from the pre-ideation stage through launching a setup and shaping it to an established business venture. 

Entrepreneurship learners with e-cells can access various kinds of entrepreneurial resources that include infrastructure, funding, mentors, networking, materials, technology, tools, and professional support needed to launch and upscale new businesses. 

  1. Entrepreneurship Bootcamp

If they have limited space and funds, entrepreneurship educational institutes may not be able to deliver quality entrepreneurial education to the students on campus. Such institutes need to consider sending the learners to start-up boot camps to enrich the participants’ learning experience.

Such boot camps help students sharpen the nuances of entrepreneurship, including business mindset development, idea generation, crafting business plans, presenting their ideas to the investors, and associating with mentors. The future of entrepreneurship education is all set to offer modernized and dedicated development boot camps powered by practice and participation.

These intensive boot camps typically last a week or a month, offering excellent opportunities to the participants to innovate, create, compete, and collaborate on a global or a national platform.

  1. Inclusion of female learners

It is important to state that women entrepreneurs can bring social and economic revolution to the entrepreneurial ecosystem and thus become invincible leaders of this exciting space.

In the coming years, entrepreneurship educational institutes will deliberate efforts to increase women’s participation in entrepreneurial learning. They will introduce more and more women-focused courses and programs to give them ample, if not equal, opportunities to excel as successful entrepreneurs.

  1. Partnering with business

Entrepreneurship education institutes increasingly have partnership agreements with established businesses, and students are sent to business organizations to work as interns for a short period. This kind of entrepreneurship-in-residence is indeed an innovative way to impart practical knowledge to young business aspirants. This approach allows the participants to connect with experienced and successful entrepreneurs. 

These entrepreneurship-in-residence programs help the beneficial association between institute campuses and successful start-up founders so that the institute’s students can have lectures from business stalwarts and have them as their mentors as well. Students will get a real-world perspective of entrepreneurship and businesses.

  1. Emphasize technology topics

In today’s digital era, entrepreneurship institutes are keen to include more and more technical topics in their curriculum to enable students to understand the strategic ways how businesses can utilize technology to innovate, ideate, communicate, and operate.

After all, entrepreneurs need not just the skills but also a mindset inclined towards experimentation, exploration, and innovation. 

Top 5 Ways to Save Money When Travelling Internationally

Sam Allcock
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0
Top 5 Ways to Save Money When Travelling Internationally

Travelling outside country borders can be just as stressful as it can be fun, inspiring, and expensive. Leaving the iconic London skyscrapers to go see the Louvre in Paris or spend a week in Portugal’s iconic Porto could cost you more than you are willing to spend right now. Luckily, there are plenty of smart ways to save money while travelling abroad. If you have never tried shipping luggage internationally or opting for a last-minute flight, it might be time you did.

Without further ado, here are 5 helpful tips that should help you afford your upcoming international trip without too much hassle.

Look For Last-Minute, Budget Flights

If you have never taken the time to subscribe to a specialised flight comparison platform online that can send you real-time notifications whenever there’s a flight ticket sale that might be of interest, do it now. It’s free and it will help you keep close track of flight prices that you are looking to purchase. You could also look for a dedicated website that compares flights, including Webjet or Skyscanner.

Choose popular global budget airlines with a good reputation to make sure your transportation will cost as little as possible. Stay flexible if your schedule enables you to. This means you may need to be ready to up and leave in the middle of the week or on a Saturday evening.

You could also sign up for a travel newsletter online and wait for fresh flight deals to be popping periodically and way in advance. If you do not have a very tight itinerary or your travel dates are rather loose, this idea will help you come across some extremely attractive deals that should save you hundreds in airfare tickets.

Save Money On Airline Baggage Fees Using A Luggage Delivery Service

Hire a professional luggage delivery service that can safely transfer your most voluminous or heavy bags to the accommodation you plan on staying. This should help you save a lot of money on airfare, while also making sure your precious bags and the items in them will safely reach the destination. This is not always the case for commercial airline luggage transfer services. Plus, you could use the same service on your bag provided you plan on going on a shopping spree or buying something bulky or heavy that will cost you extra to check-in at the airport. 

Search For Military Discount Flight Tickets

You could try using a military discount as lots of airlines do not usually charge checked luggage fees to members of the military, whether active or veterans. Companies like JetBlue enable active-duty members of the military as well as the family members accompanying them to carry two bags per individual whenever they are embarking on a leisure flight. The discounts are even more advantageous when a flight for duty is involved. Make sure you verify the airline’s luggage policy for service members and pack your military ID along to obtain the discount.

You could also look for additional military discounts when finding accommodation, buying museum or zoo admission tickets, or when eating at local restaurants at your destination. Students or the elderly who have retired also oftentimes benefit from similar discounts for a variety of services, so make sure to do your research before planning your itinerary. 

Try To Check Smaller Bags Straight At The Gate

You could also save money when flying your bags to the destination by checking small rolling bags at the gate instead of the check-in area. When a flight is too full, the airlines may choose to provide free luggage check-in at the gate to create more room for all the passengers’ carry-on luggage. If you plan on packing a small rolling bag that is more optional than it is necessary for travelling, take a chance. As a side note, do keep in mind that this can be risky behaviour, as the bag will still need to comply with the standard requirements for carry-on baggage.

Adopt The “Living As The Locals” Mindset

Stretch your travel funds to the maximum by embracing the lifestyle of the locals in the area you wish to travel to. This includes doing your shopping at local grocery stores instead of tourist-dedicated boutiques or using local public transportation. If possible, stay at hostels or search for a friendly family of locals for a more affordable and authentic experience.

Invest in a cheap local SIM card and replace your regular SIM so you can save on those high international roaming fees and try to only rely on local WiFi at the hotel, Airbnb, or hotel.

Remember these smart tips next time you are ready to travel on a budget and thank yourself later.

Liquidity Provider – How to Create Professional Platform

Sam Allcock
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0
Liquidity Provider – How to Create Professional Platform

A quality brokerage company that wants to start a cryptocurrency business needs to choose professional liquidity providers. It is one of the main components of quality platforms that allows you to achieve success in the Forex market and gain trust in the eyes of users. The platform uses the liquidity aggregator for various purposes: access to the Forex market, conducting crypto payments, connecting an order book, etc. Let’s talk about the main functions and role of a liquidity provider.

Basic LP Features

The point of liquidity providers is that they are so-called “third parties”. These are special intermediaries who provide high-quality and reliable communication between brokers and market makers (large exchanges, large banks, etc.). Of course, a broker can also carry out a direct relationship. But this is only possible in the case of very large transactions. And trading companies may not always meet these conditions.

Therefore, brokers who decide to create a crypto exchange prefer to cooperate with liquidity providers. These platforms provide connectivity with major financial institutions and charge a commission. The amount of the payment depends on the volume of the transaction and the company with which you need to conclude an agreement.

Main Steps, How to Become an LP

A company that is thinking about how to start a forex business faces some organizational issues. For example, the need to obtain a license. All high-quality brokers work only with qualified and certified liquidity providers. The most popular countries for obtaining a license are Belize, Saint Vincent and the Grenadines, Vanuatu (weak regulation) or Cyprus, Malta, Estonia (strong regulation).

The next step after registration and obtaining a license is LP contracts. A professional LP should liaise with tier 1 banks and large hash funds. Also, chat with Pop brokers and liquidity pools. The more partners and participants in the pool you have, the better.

The situation is similar in other markets. For example, you are partnering with brokers who decide to create a cryptocurrency exchange. In this case, you need to be a quality cryptocurrency liquidity provider. It is necessary to sign contracts with other exchanges, investment funds, banks, and financial regulators. This approach allows you to form a good pool of liquidity and become a reliable LP.

Selection of Quality Technologies

It is obvious that suppliers cannot work with brokers without high-quality technologies and White Label crypto exchange software. An important step is the choice of reliable innovative software that meets modern requirements. The software must guarantee a high level of protection and be responsible for the high-quality process of interaction between sites and first-level market makers.

One of the main points is the introduction of a high-speed way of processing transactions. Quality liquidity providers can process 10,000 or more transactions every second. The introduction of an advanced white label cryptocurrency exchange software and work with innovative programs will create a high-quality platform and ensure success.

In addition, many liquidity providers are actively using other important technologies. For example, the FIX API connector allows you to open access to new markets and attract new partners. The more possibilities LP offers, the better.

Terms and Agreement with Platforms

So now you have created a legal liquidity provider and are ready to partner with brokerage platforms. It is important to offer forex prime brokers the most favorable and transparent conditions. The partners need to understand how and how much a liquidity provider earns. The commission must be clearly indicated and there must be no hidden fees. Create a clear and transparent contract that benefits both parties. Having a competent and high-quality agreement without additional commissions will increase your trust rating.

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