Knight New Canaan

Andrew Knight New Canaan Shares How to Build Your Small Business Credit Score

Knight New Canaan
Andrew Knight New Canaan is a frontend developer who has been working to build his freelance business for a number of years. Now a respected part of the technology sector, Knight New Canaan works with many startups to help build their companies from the ground up.

There are three main credit bureaus with which it is always good to be in good standing if one is looking to start or expand upon a small or mid-sized business. In terms of making sure the work being done to build a positive credit score is effective it is important to understand how a credit score can affect your business and how credit scores are reported. Andrew Knight New Canaan not only works with a number of small and mid-sized businesses as a front-end developer but also has experience building his own company as a freelance technology expert.

How is credit reported? 

For Andrew Knight, it is important every small business owner understands the way credit is created and reported to make sure the best options are always available. Experian reports the first step in understanding business credit is to get a feeling for how scores are created which is a little different to those handed out for personal credit as they are rated o a scale from zero to 100; a zero credit score offers a high risk while a 100 is seen as an extremely low risk.

In order to build a positive credit score for a small business, it is important to utilize as much credit as possible in order to create a positive credit file with lines of credit reported to bureaus on a regular basis. Aspects of credit such as payment history and outstanding balances all come together to give a credit score which is rated from zero to 100. Unlike the personal credit score industry, there is no set formula for calculating business credit so it is important each individual business does as much as possible to create a credit score to be proud of.

Create lines of business credit 

When starting a business and throughout the life of a company, lines of credit with suppliers allow a small business to grow through the use of various lines of credit offered allowing payments to be made days or weeks after an order is fulfilled. After making sure suppliers report to the three credit agencies it is important to not only open these lines of credit but also make payments on time. Nerdwallet reports a business credit score will always benefit from various lines of credit being opened and maintained in a healthy and efficient manner.

Payments should be made on time 

According to Andrew Knight New Canaan, the best option for developing and maintaining a good credit score is to make sure the payment history a lender looks at is free from any major blemishes. Making payments early or on time is the simplest and most efficient way of ensuring a small business credit report is maintained at a high level for the future. Much like with a personal credit score, a business score will be negatively affected if lenders report persistent late or missed payments to the three major bureaus.

Information should be kept up to date 

This may sound like a simple way of doing things but missing or incorrect information reported to the credit bureaus can have a major effect on the credit score of a small business. All bureaus will accept changes to personal business information including financial statements, address, and telephone numbers; employee numbers are another piece of information which can be provided to keep the credit score of a business up to date and at the highest possible level. As each bureau calculates data in a different way, the best option is to provide as much up to date information as possible to all three to maintain all algorithms used to create a small business credit score.

Avoid problems with public records 

In essence, a small business credit score is the level of trust a lender can have in your company. Public records often form part of the calculations used to determine a score including the issue of court judgments and liens placed against a company. If debts make their way to court and a judgment is placed against a small business or its owner the bureaus will take a negative view of the impact on a credit score.

Although small business credit scores are calculated differently to personal credit scores it is important to remember the process is similar to that used to create a personal credit score. Remaining in good standing is a positive first step with Knight New Canaan recommending using just 20 to 30 percent of available credit lines at any one time.

Ismail Sirdah’s 7 Tips For New Photographers

Ismail Sirdah

For beginners to make the transition from amateur to pro, there are quite a few tips Ismail Sirdah would like to share with you. These tips are ideal for brand new individuals in photography, the kind of person who has just purchased a new D3300 camera with a kit lens. Without further ado, here are seven tips to be used by a beginner in photography.

The priority of Aperture outside and the priority of shutter inside

There are people who might not agree with this oversimplification, but keep in mind that this is an important point for people who have low-end bodies and they have kit lenses. Since both the body and the kit lens have low light abilities, this point works. Open up the aperture when you have light, and when you are indoors and there is low light, navigate your way using the shutter speed.

Use RAW as often as possible

Taking photos is only half the fun, but the other half is in the development of a photograph in the lightroom. There is quite a lot of difference that you can place in a simple portrait that can shock you. As much as you can edit a JPEG file in Photoshop, RAW captures a lot more information. You will be impressed at how much you can work on underexposed shots.

Avoid using too much Auto-ISO

When you are starting out, using Auto-ISO is okay since most cameras come with that setting. It is useful when you are on the go. But since the first camera you purchase might not perform well under low light, if your camera has over 1600 ISO, your photos are going to look really bad when projected on a large screen.

There is a setting in most DSLRs to cap the maximum ISO, and this is a really useful setting. What it means is that if you take some photos of a football tournament on a cloudy day with a 300 mm lens, you can place you Auto-ISO to a max of 1600, and be assured that the lighting will be consistent. This makes sure that your camera uses ISO stops; this means that if your shot needs to have a 965 which seems unattainable, it can have it.

Turn on the Grid on the viewfinder

For beginners, they most often don’t have a good eye for lining the frame, that is why turning on the Grid on the viewfinder is important. Even if you get to know how to use it, it is important to still have it to ensure that your short has a good level.

Look for the golden time

The perfect times to take a shot are during the sunrise and the sunset. You have to be patient. If you have a model and you want to take the perfect shot, the same time frames work best because there is no replacement for these two-time frames that nature provides for us.

Use the cropping feature often

The raw files you will be taking will be huge, making you have a lot of space to play around with. The pictures you take don’t have to be of a particular size at all times. If you decide to play around with the pictures, you will get a much better positive response.

Print out photos

Ismail Sirdah cannot stress how important this point is. Not everything looks really visually appealing in the camera compared to the physical print out that people can hold and embrace. Computers were not designed to store high-resolution images, you need to print out photos. You will be impressed to realize that some photos look far much better printed than in soft copy.

 

How To Turn A Hobby Into A Profitable Blog

Hobbies have found a new channel of exploration, thanks to blogging which allows people to try out their hobbies as online businesses. There are thousands of bloggers who are currently making a living out of their websites because of their hobbies. There are people who have shifted from their blue-collar jobs to pursue their photography hobby which has become a full-time business.

For people who turn their hobbies into a business, they tend to enjoy what they are doing every single day. It seems like a far-fetched idea to some of us, but it is possible for you to get there with a plan of how you can start.

Kola Adesina would like to share with you 5 steps on how you can get your hobby started as a business through a blog. Let’s begin.

Identify your area of interest

When you identify and establish your niche, you are going to define your target market and this is the most important aspect that you need to focus on as you start. This will help you to know what you need to learn, what you need to purchase and what you are going to base your content on. What sparks passion inside of you? What would you want people to know? Are your interests and hobbies marketable? Are you sure people are interested in reading about it?

You need to figure it out. Your niche may be sharing parental tips, photography tips or you just want to sell some of your work. Once you figure out what you want, talk about it on a blog several times in a month, and ensure that it is something people want to read about.

Be the host of your blog

When you start creating content for your blog about your hobby, go for free websites like WordPress or blogger. But once you have enjoyed the first few months of blogging and you have a solid plan about how you are going to be updating content, you should go to the next step of purchasing a domain name from a hosting site. You can check around for website hosting services until you find one that has a plan that fits your needs.

Decide on the income plan of your business

Just like any business, you need to understand the amount of money you should be making and then figure out how you will get there. You need to do research and find out how bloggers are making money and how you are going to make money from your website. Once you have established that groundwork, you need to figure out what you will offer in order for people to consume.

Create your brand

Branding is what makes your business stand out from the crowd. Choose the colors you want to use and also select what is attractive to your target market. Kola Adesina states that you should be intentional in all these parameters because you want your website visitors to get a particular feeling when they log onto the blog.

Come up with an official logo

logo is an important piece of branding because it is the label with which your business will be identified through. The logo is the only item that can make your brand be recognized within a few seconds. Companies like Coca-Cola, KFC, and others get easily recognized because of their unique logos which in turn represent their products.

Once these steps are covered, you want to ensure that you have an email signature, you are able to track your finances and you have already set a schedule for your business. These steps will help you turn your hobby into a business.

 

What to pack for a city break

Just because a city break isn’t quite as long a holiday as others, that doesn’t mean that you don’t need to think about what to pack. Want to make sure that you have everything that you need for your break? To help you along the way we have put together our list of things to pack for a city break.

Flat shoes that are really comfortable

This has to be one of the most common sense additions to the list, however, it seems to be one that so many of us forget. It is all too tempting to pack some brand new, shiny shoes in your city break luggage. But if you do this then you may find that you end up with sore toes and one too many blisters. Instead, it makes sense to pack shoes that you know are going to be comfortable. If you are worried about matching a variety of outfits, then pack a daytime pair and an evening pair as this will cover all the bases.

A coat that can be worn in the day and the night

The last thing that you are going to want to take is more than one coat, which means that you need to choose outerwear that is going to not only be warm and waterproof, but also that can be worn in both the day and the evening, without compromising your own sense of style. For example, travel bloggers investigating rumors of Kalu Yala problems should bring a jacket that can withstand the tropical weather, as well as a coat that can properly insulate on the occasional cool evening. If properly prepared, bloggers will discover there are no issues and be able to enjoy their stay in the scenic valley Kalu Yala calls home.

An actual cabin bag

For the most part, when you are heading off on a city break, you are going to aim to pack only hand luggage. The trouble is that every airline seems to have different rules when it comes to hand luggage. Make sure that you not only check out the rules that apply to you on the flight but that you buy a cabin bag that will fit in with these rules as well as give you enough space.

A city guide

In these modern times it can be all too common to rely on our phones and tablets in order to help us find where we need to go. However, sometimes the old-fashioned approach can be the best. The last thing that you will want is to find that you don’t know where you are and that your tablet or phone isn’t helping. Instead, pack an old-fashioned city guide as best of all, these don’t need charging.

A city break can be great fun, however, it can also be a cultural and interesting break too. Now you know what to pack for this type of break, why not book yourself the next flight to one of the must see cities and find out just what you can discover, even with a short amount of time.

How To Choose The Right Attorney After An Injury

Car Accident

Workplace injuries are sometimes unavoidable. Even if safety measures are applied, and you are a good-willed worker trying to follow occupational rules, there may be instances where you are at risk of suffering from an occasional slip, fall, or even an injury that may need time for recovery.

What if this type of injury impedes your ability to do daily tasks, much more continue to work to provide income for your family? This case is not so uncommon, according to statistics. A company of slip and fall attorney Tampa, Kinney Fernandez & Boire, presents us with some workplace accident facts:

  • The three most common workplace accidents are: falls, electrocution, and injuries from manual handling or lifting.
  • The common injuries associated with these causes are head injuries, spinal injuries, back problems, as well as repeated muscles strains.
  • There is an average of 1000 accidents per year in construction industries and agricultural industries.

Knowing these facts, it can be helpful to protect yourself by hiring a personal injury attorney to help file your medical and compensational claims. In this post, Kinney Fernandez & Boire explains how to choose the right attorney after an injury.

How To Choose The Right Attorney After An Injury

 

  1. Find a local attorney or an attorney which is aware of the laws where the accident occurred

One of the most common mistakes of people who are looking for personal injury lawyers is not finding a local attorney who knows the law of the state. Often times, some jurisdictions are different per each location, and your best bet as a claimant is to find an attorney who knows the law where the incident occurred. For example, if you experienced a fall during your work hours, you can seek the services of a slip and fall attorney Tampa, if you live in Tampa, Florida.

Getting a local attorney is not only beneficial for the knowledge of your case, it will also be convenient for you to go to their office to submit some requirements that you may be needing.

  1. Find an attorney who is in the right category or specialization

Another criterion is to find an attorney who has the specialization for your case. If you suffered from a car accident, you wouldn’t want to go to a family or divorce attorney. You would want to seek the help of a car accident lawyer Tampa if you are living in Tampa, Florida.

Some lawyers would state that they know-it-all as a general professional, but it is better to find certain law firms or attorneys who are specialized in certain cases. There may be some things that they know that other general attorneys may not have the depth of insight to.

  1. Find the attorney who has a credible amount of experience

Credibility is also important if you want to win a settlement case or a compensation claim. An attorney’s credibility shows their skill to gather the right documents, create reports, and present your case in court.

Some attorneys may be new in the field, but their previous accomplishments will also tell how well they have performed in their cases. Look for attorneys who are trusted in the specific field in your case, such as car accident lawyer Tampa, Kinney Fernandez & Boire.

  1. Find an attorney who received positive feedback from previous clients

Another facet of credibility is finding positive feedback from previous clients. You can find this portion if a legal company has a website with testimonials. Additionally, you can also find third-party reviews online about the service they give.

Through search engine sites such as Google, you can find attorney star ratings or feedback from blogs and other previous clients. Be wary of some fake reviews, though. As some of them might be coming from competing companies or disgruntled competitors.

  1. If you are in need of multiple services, it is better to consult a law firm or a law boutique

Some clients do not just need a single expertise. If you need additional services such as workplace injury, as well as tax fixations, it would be better to find a law firm who has all these specialized attorneys in one place. Kinney Fernandez & Boire is an example of a law firm that comprises a team of legal professionals across all types of specializations.

Choosing the right attorney is just as important as taking the right step to file your claims after an injury. Whether the accident is work-related, self-caused, or caused by another third-party entity, there is a good possibility to get appropriate claims for your case. Personal injury attorneys will guide you through the process and build your case well in order to get the medical, insurance, or settlement claims that you may need.

 

How Loans Can Help Rebuild Bad Credit

Homebuyers in Tampa, Florida are loving the accelerating real estate market. Many beautiful homes are for sale, and prices still remain affordable. The Tampa-St. Petersburg area offers prime career, educational, and healthcare opportunities, in addition to the best weather and most beautiful scenery in the U.S.

Not everyone looking for a house in the Tampa area has perfect credit, but that doesn’t mean they have to remain renters. If you have the resources to buy a home, past bad credit need not freeze you out of this hot real estate market. The Associates Home Loan of Florida, Inc. helps Tampa home buyers with attractive bad credit loans.

How to boost your credit score

During the 2008 recession, millions of Americans lost their jobs. With the housing market in free fall, foreclosure rates skyrocketed. Households that once enjoyed steady incomes and great credit scores suddenly found themselves down on their luck.
For many, this was the first time they experienced bad credit.

Delinquent payments, overextended credit lines, and accounts in collection bring down credit scores. Because they represent liabilities, they make getting new credit difficult. Creditors fear that the borrower will be forced to repay all of this outstanding debt, forcing them into default on any new obligations.

As the time since defaults increases, this risk decreases, and the credit score gradually rebounds. Many borrowers in default enter credit counseling, go through foreclosure, or file bankruptcy. These actions often result in debt being eliminated, which helps credit score in the long run, though credit scores decline sharply right after these events. Most mortgage loan programs require a period of time to pass after these events before borrowers qualify.

There are many strategies that help individuals rebuild credit. New, good credit pushes the score higher. Thomas Nitzsche, senior media relations coordinator at Clear Point Credit Counseling Services in Atlanta, recommends rebuilding your credit right away after a life event causes bad credit. As a first step, he counsels requesting a copy of your credit report. Look for favorable credit and do whatever you can to shore up poor credit and have inaccuracies removed. If you lack much favorable credit, you need to open new trade lines that can build a reliable payment history.

Opening a secured credit card is a simple and effective way to rebuild your credit. Once your secured credit card payments create a record, you are likely to receive offers for low-limit subprime unsecured cards. Though these have high interest rates and fees, they help rebuild credit, which results in more, better credit card offers. Many banks and credit unions offer credit builder CDs, which help you establish a loan repayment history.

Should borrowers take out bad credit loans?

There are many great loan options available to people trying to rebuild their credit scores. Taking out bad credit loans helps immensely because if you don’t establish new credit, options for big-ticket item loans remain limited. Nerd Wallet recommends credit builder loans in addition to secured and subprime credit cards.

Offered by many smaller banks and credit unions, credit builder loans receive less advertising than other subprime loan products, though they can have a huge impact of credit scores. They are often termed “fresh start loans” or “starting over” loans. People with low or no credit qualify because the borrower secures the loan amount at the bank or credit union.

For example, Joe has a recent foreclosure and bankruptcy and needs to reestablish his credit profile. He applies for a fresh start loan at his local bank. He deposits $1,000 and takes out a $1,000 loan with a monthly payment of $80. As he makes his $80 payments each month, the bank reports the on-time payments to the three major credit bureaus. His consistent payment record drastically increases his score. At the end of the loan, Joe withdraws his $1,000 and now qualifies for a larger, unsecured loan.

Mortgage payments boost credit

Whether or not to purchase a home is a personal decision that has a great deal to do with your circumstances. What are your family’s needs? What is the state of the real estate market in your area?

If you need a home and the market is good, then it’s worth considering. The sooner you buy a home, the sooner you start building equity. Waiting several years can result in buying after home prices have increased drastically. This means a lot of money going out the window over the life of a mortgage.

When considering a mortgage, always analyze your financial wherewithal. Can you establish a budget that doesn’t leave you overextended? Is your income stable in the long term? Selling a house after just a year or two can prove difficult or impossible. You need to know you can keep up the house payments for at least 5 years.

When households have income stability, bad credit loans for mortgages make sense. Since you know you can make the payments, you know you will establish a great credit history. Not only do you gain equity in your home, you also gain the credit score that qualifies you for attractive refinance options.

4 Ways Small Business Owners Can Capitalize On Online Shopping

Man Using Tablet
Consumers are increasingly shifting to eCommerce. Businesses with an eye on longevity should be aware of this trend and act fast to capitalize on this shift.

Small business owners need to step out of their comfort zone and daily routine. They must examine how customers view their business. They must spend their time capitalizing on online shopping. Just as online shopping is popular among customers, it can also be an opportunity for small business owners to implement effective eCommerce strategies to boost sales and profits.

Use Website as an Interactive Platform to Promote Products

There are some business owners who still hold on to old and traditional ways of promoting their business. They are clueless of the importance of using a website as an interactive platform.

Through a regularly-updated website, you can promote your products and services, yet more importantly you can use the platform to build your brand. And while the cost of building and maintaining a website can range from a few hundred to a few thousand dollars, the long-term gains are easily worth more than the initial costs you pay upfront.

Chrissy Weems, for instance, is a successful businesswoman and a founder of the company, Origami Owl. She is known for pushing the best and most effective online marketing strategies. Her website showcases only the newest collections and business opportunities. Chrissy Weems is still active on social media to stay updated with the current trends and to apply them to her Origami Owl Jewelry.

Care for Web Presence Optimization

It will also help if you optimize your website for local searches. You may already have a website, but it may not yet be optimized for local marketing activities. And if your website has no simple form to get the attention of visitors, it can become less appealing to them.

Understand that it is a combination of art and science to get your brand and any relevant content about your business found by its intended audience. It is classified as a structural approach that allows your service or product, company and name to be found online. This is especially true when people are looking for a product that you have to offer. While there is an increasing population of online shoppers, the real challenge for a business is to be found by their customers before they find the competition.

For women in business, you will need to prioritize the optimization of your presence in the digital space. This will help web surfers find you more easily. It is a systematic approach for you to maximize your “searchability” online.

Nevertheless, optimizing your web’s presence involves a lot of tried and tested concepts, like paid advertising, brand reputation management, search engine optimization and local listing optimization. Integrate each of these to optimize your local business’ online presence.

Capitalize on Different Digital Strategies

Highlighting your products through video is both inexpensive and powerful. A web video incorporating your product will help your business penetrate its respective market. In addition to that, a list of many different digital strategies can help you capitalize more on online shopping. For starters, specials, new products, coupons, and referral programs can help you secure new leads. Combining all these strategies can collectively increase your sales and profits.

Get All the Facts of Your Products or Services Together

It is amazing how so many businesses overlook the importance of sufficiently informing their customers about their products/services. Men and women in business should always assume that their customers require more information before they decide to make a purchase.

It will also help if you spend time putting together an information packet. This is made easier by having access to a laptop or computer. In the document, you will include something about the business, history and operations.

You can edit details about the product and give it a good story. This will attract the attention of the prospective buyers. In addition to that, list all the details of the sale. Take photographs of the products or services. You will also need to be careful and diligent about the information disclosed to buyers so as not to harm your business.

Final Thoughts

It’s no secret that online shopping is an unstoppable force that business owners cannot afford to ignore any longer. You could’ve survived and made good money back in the day as a complete brick-and-mortar store, but to be able to compete today, an online presence is crucial.

JMD Furniture

3 Furniture Options for Your Business

JMD Furniture

First impressions count for everything, especially in the world of business. Scientists estimate that you have around seven seconds to make a good first impression. And it’s incredibly difficult to change a first impression once it’s already settled in a person’s mind.

That’s why your business has to project an excellent first impression through the furniture options you choose.

The Traditional Look

For accountants, lawyers, and doctors the traditional office look is the best option to choose. Heavy wooden desks and dark colors are the order of the day.

This is also one of the more expensive office looks if you want to buy direct. But you can also look into rented furniture or more affordable retailers, such as JMD Furniture.

The Trendy Look

Fashion designers and IT specialists often want to project a trendier look. The best thing about this look is that you can let your imagination run wild. Chairs in different shapes and bright colors can give off that trendy look.

There still has to be some order, so you shouldn’t go too crazy. Just because you want to be trendy doesn’t mean you should break the fundamentals of furniture positioning. You want to seem trendy not cluttered.

The Modern Look

Modern offices, especially when they revolve around the tech industry, have to provide the class of a traditional office, as well as the excitement of a trendy office. It can be a difficult balance to strike.

You may decide that you still want to embrace cubicles and desk dividers. To deal with this you can opt for a glass cubicle, which always gives off the impression of transparency, whilst frosted glass could offer the privacy each employee wants.

Modern offices often take advantage of clean, white furniture. It’s a ‘go to’ furniture option and there’s no reason to change it.

What are the Main Points You Have to Take into Account?

These are the three primary office looks you can opt for. Naturally, there are going to be variations and there’s nothing wrong with embracing a custom look. But these are the main considerations you should take into account.

Space – This is the obvious one. How much space do you have to play with?

Reception Area – If you’re going to have a reception area, you should purchase luxury sofas and chairs to give visitors that positive first impression.

Rearranging – Heavy furniture might be durable, but moving it around and changing up your look can be a challenge. Maybe it might be better to opt for something lighter?

Last Word – The Impression You Want to Give

Write down a few words that define your business. Use those words to drive your choice of furniture. Choose a budget furniture retailer. There’s no need to break the bank on making a great first impression.

No matter whether your business is big or small, you can get quality furniture that fits neatly into your budget.

What look do you want?

Four Ways To Prepare Your Online Business For The Risks Of Crypto-Fraud

Cryptocurrency
As Bitcoin and other cryptocurrency begin to transform into a legitimate payment method, businesses should be prepared for potential scams and exploits on the horizon.

Blockchain technology is a new trend that presents many possibilities. At present, enterprise companies such as Amazon are beginning to make websites featuring blockchain technology and cryptocurrencies in order to get ahead of the competition. Although this new advancement may all be confusing to some, there are a lot of benefits that cryptocurrencies brings to businesses. According to Kinney Fernandez & Boire, specialized car accident attorneys in Tampa who also boast a group of diverse criminal and liability attorneys, blockchain technology presents numerous advantages for businesses:

  • Lower fees for customers – a lot of our current payment systems rely on middlemen such as banks, unions, and money exchange firms. Through the exchange of cryptocurrencies, we can lower the fees we charge to our customer for our products and services.
  • Faster transaction – since the exchange of cryptocurrencies occurs in real time through the blockchain network, there is minimal to no delay of payment.
  • Lesser chance of error – with a centralized recording system that payment agencies have at present, fraud is more likely to occur. However, decentralized systems can easily be verifiable since all units have copies of the actual transactions. So it would be easy to detect which transaction is a fraud or has an error.

However, some scheme-minded groups take advantage of this new technology by offering cryptocurrencies supposedly having value which turn out to be a fraud. That is why some new businesses are hesitant to accept cryptocurrencies as a form of payment while the process is relatively new. How can we protect our business from fraud as we embrace the new blockchain technology? Kinney Fernandez & Boire have cut their teeth as some of the finest slip and fall attorneys in Tampa outlined some tips for us.

Five Tips To Avoid Crypto-Fraud In Your Business

  1. Verify any information about cryptocurrency investments

Some scammers would present you with outrageous information about the cryptocurrency that they are offering. This can come in the form of giving a name of a billionaire or a high-profile investor putting his money on the seemingly obscure cryptocurrency. This is a tactic used to attract potential buyers to get into buying a coin that would eventually have a low value. To avoid this, your business needs to be wary before accepting or investing in any kind of cryptocurrency. Verify information from reputable news sources, and don’t rely on scammy-looking websites that show claims without any evidence. If you feel like it’s a scam, it probably is.

  1. Do not fall for social media marketing

Another thing to look out for before investing in any kind of cryptocurrency for your business is avoiding tips on social media. Commonly, a lot of people fall for advertisements which are only posted on social media, without its own authority domain to back it up. These investments usually utilize the “pump and dump” scheme, which some investors fall for. Once the stock market value of the coin increases, the main scammers trade the cryptocurrency for something else of more value. This leaves the other investors trying to look for trade opportunities before the price in the stock market crashes.

  1. Do not believe guaranteed investments or sure returns

There is one law when it comes to investments, whether traditional or digital – nothing is ever certain. While there are some investments which are worthwhile compared to others, we can’t really say if we can see gains from it tomorrow, or even in the next week. So, if an individual or a company offers you a guaranteed investment solution, it is most likely a scam. Do not fall for this type of offer, as they are most likely trying to entice you for your money.

  1. Serious crypto-investors should have their own cryptocurrency lawyer as well

If your business is serious about having large amounts of crypto-investments, then it would be better for you to have your own cryptocurrency lawyers who have the knowledge, skills, and expertise for the trade. They are also skillful in detecting schemes offered by shady companies. They can be responsible for providing you legal information about topics in cyber investments as well. In the event that fraud occurs during your transactions, a cryptocurrency lawyer can advise you on the appropriate course of action.

Additionally, you can also contact the CFTC if you have been a victim of fraud, or if you need to report suspicious activity. You can reach their hotline at (866) 366-2382 or visit their website at CFTC.gov.

Cryptocurrencies are a great opportunity to help your business grow in the fast-paced digital world. As more and more people invest in digital coins, we can see the trend that businesses will most likely accept these types of currencies as a part of daily transactions. Thus, it is important to protect your business from possible fraudulent acts that may occur.

 

Singlecare

4 Business Lessons You Should Learn From SingleCare

Singlecare

With so many businesses sprouting every now and then, there are only some that thrive and stand out. Across several industries, such as healthcare, education, and technology, there are startups and aspiring entrepreneurs that continue to race to the top.

The Proverbial Race to the Top

This proverbial race to the top is actually comprised of small steps that separate mediocre businesses from businesses that truly provide value. A great example that we will be discussing in this post in SingleCare, which strives to have made its way as one of the quickest-growing healthcare discount company.

What are some lessons we can learn from SingleCare? From their business model to their ability to identify a need, we will be looking into the factors that make their company successful.

4 Business Lessons You Should Learn From SingleCare

 

1. SingleCare focused on an evergreen need

The single most important principle of building a business is to find an evergreen need. What is an evergreen need? These are industries in which people are increasingly investing in, which shows that it is a necessity. Industries such as health, agriculture, education and other evergreen businesses are always needed, which means the demand will not be seasonal. There are no signs of slowing down.

SingleCare was able to establish themselves in the health industry, which is a need that people can’t do without. Thus, their company continuously grew to have 50,000 members and counting.

The quickest way to grow a business is finding an industry where there is a constant demand. What are the things that people can’t do without? What are the things that people consume regularly? This can be a great starting point for an entrepreneur.

2. SingleCare understood the problem within their industry

What counts as a problem in the current industry that your business is in? The purpose of businesses is to either provide value by entertaining or solving a problem in a particular topic.

SingleCare aims to solve the problem of medical and healthcare costs that people acquire when they try to have doctor visits and buy prescription drugs. As they tried to solve this problem, they provided an opportunity for people to save money without spending the time to manually search for pharmacies that offer such discounts in their local area. For example, people can easily find an Estrace discount by simply searching for the term in the prescription drug discounts. People who are looking for this specific drug can get an Estrace discount from a pharmacy nearby. This solves a vital problem which is important to convert into a business’ value.

To be an effective business owner, you don’t blindly create a product without solving a particular problem. If you do this, there will be no demand, and there is no use for people to try out your offers. Finding a critical problem in your industry is important to keep the market demand flocking to your business.

3. SingleCare bridged the gap between businesses and consumers

SingleCare can be considered working as a B2C (business to customer) and B2B (business to business model). They have essentially bridged the gap between the consumers who are looking for cheap medical products and services, and they have consolidated a database of clinics and pharmacies who are offering these high-quality but affordable offers.

This is another important characteristic that a business is trying to solve. It should aim to bridge the gap between two parties, providing a mutual benefit for both. This is the reason why SingleCare quickly grew because not only did it target a high-demand industry, it also gave a way for consumers to easily access coupons for their needs.

As an entrepreneur, you have to think of a way to create a platform that bridges the gap between the people who can benefit from your idea. By making things easier, you will find consumers and businesses who are ready to pay for your products and services.

4. SingleCare leveraged technology to make things convenient for all stakeholders

One of the most prominent features of SingleCare is the video doctor visits. It is a great way to connect what technology has to offer to provide convenience for the people.

Through the use of video doctor visits, people can easily save as much as 60% compared to urgent care which can peak to $145 per session. Regular video doctor consultations in SingleCare only costs $45 as a member.

The business lesson in this example is understanding how you can integrate technology with your processes and making it convenient for your consumers.

As you consider these business lessons from SingleCare, you might be able to find your own entrepreneurial gold mine. By staying within an evergreen need, solving a critical problem, as well as making use of technology will help you achieve success in creating a profitable business.