Vlad Rigenco Launching a Startup Company

Vlad Rigenco Shares Insights on How to Launch A Startup Company

Many professionals desire to be out of the rat race. You can tell that this is an ongoing trend because a lot of companies now offer flexible jobs and an achievable work-life balance. However, there are people who simply won’t be satisfied with a flexible job–they are called to be visionaries, innovators, and entrepreneurs.

Perhaps that person is you. You may be stuck at your office desk thinking about how you can launch your own startup company, but you don’t know the first steps to move forward. Vlad Rigenco, a financial expert and entrepreneur based in Toronto, Ontario, knows what it’s like to be in your shoes.

Vlad Rigenco started his career journey early but quickly switched gears and began creating his own mobile application. In this post, he shares his insights that he picked up along his journey in building a startup.

Have a business plan in mind.

Having a world-changing idea is one thing but having a solid business plan is another thing entirely. You may have the brightest invention that could change the world, but without a business plan in mind, you may end up being the 1 in 2 small businesses that fail within the first 2 years.

Having a business plan in mind means learning about your target audience, creating your mission and vision, and preparing where you will get your capital for operations.

When Vlad Rigenco started out with his mobile application startup, he pinpointed a market he could serve, but he knew this wasn’t enough. He sought the help of a friend who is a Computer Science graduate to help him formulate his plans for building the app.

Being a financial expert himself, Mr. Rigenco also created a full business plan for his startup. He advises beginner entrepreneurs to create an outline of what they’re going to do to start a business and how they are going to do it. The timeline of this business plan should be within 3-5 years.

Find the right funding for your startup.

Some startups require a lot of capital and others not so much. Whichever category your business falls into, it is best to look for the best possible sources of funding.

If you have a highly innovative idea, you can look into pitching your startup to a venture capital company. They specialize in funding innovations in the area of STEM (Science, Technology, Engineering, and Mathematics). Other common sources of funding include personal savings, credit cards, friends and family, angel investors and banks.

Sometimes, you have to combine these options to secure the right amount of capital. You also have to keep in mind that some investors will want a stake in your business. Consider how you will be able to create a profit while still paying dividends to your investors.

Surround yourself with a great team.

In some instances, your startup company may be best shared with a business partner or a small team. Having the right team allows you to have extra hands to work on certain areas of expertise that you may not be aware of.

Mr. Rigenco started his mobile applications company backed with financial expertise. However, he built a small team to help in the technical and marketing aspect of his digital product. He has leveraged the power of combined skills to create results for his business.

If you have areas in your business that you are not confident in handling, you may want to consider building your own core team. Having the right people to back you up will provide you with the manpower and resources you need to successfully launch your startup.

Consider having an online presence.

Another important aspect of your business is its digital presence. Nowadays, more corporations and small businesses alike turn to the power of the internet and digital media to reach a wider audience.

Since more people are going online to look up information, choose a service, or purchase a product, it is imperative that your startup company should have its own website. Additionally, it could be very beneficial to also have an online marketing strategy in place.

Vlad Rigenco is well-versed in creating an online presence for his startup company. Since he started out with real estate, he has been closing sales for leads that he was able to get online. Since most people look for properties on websites such as Zillow or Realtor, he used his knowledge of building an online presence and applied this to his mobile app company.

According to Mr. Rigenco, these strategies are what helped him launch his startup successfully while keeping it on the right track. The main takeaway from the insights he shared is to enter your entrepreneurship journey with a plan in mind and execute it with confidence.


What to Do if Your Corporation is Facing Criminal Charges in Tampa

Just like individuals, corporations have rules that they need to abide by. If a company breaks those rules, it can face charges that result in financial and other penalties. In some cases, those other penalties include executives or employees spending time in jail or prison. What should your corporation do if it faces criminal charges?

Take Time to Fully Understand the Charges

The first step in the process of preparing a legal defense is to understand the charge or charge that your company is facing. It is possible that the government is pressing charges against someone who embezzled money or otherwise acted inappropriately without your knowledge. Furthermore, you should understand that a criminal charge is merely an accusation of a crime. Therefore, there is no guarantee that you or anyone else did anything wrong. 

Hire an Attorney and Create a Legal Position

A Tampa criminal defense lawyer will be able to help you learn more about your rights throughout the legal process. Those rights typically include the ability to remain silent in the face of questions from a judge, prosecutor or police officer. You also have the right to ask to be free on bail as the legal process unfolds.

The first thing that your attorney will do after being hired is begin to review the evidence against the company. This may involve reviewing tax documents, corporate emails or anything else that could be relevant in the matter. Generally speaking, legal counsel has the right to analyze any documents or other information that will be used as evidence at trial. 

After reviewing the evidence, your attorney will create a strategy that is most likely to help you obtain a favorable outcome in your case. Examples of legal strategies include asserting that you didn’t intend to break the law or that an employee acted without your knowledge. 

Cooperate to the Fullest Extent That You Can

It is important to cooperate with authorities as much as you can during an investigation. Your Tampa criminal defense lawyer will be able to help answer any questions investigators have or provide any information that investigators need. While you don’t want to incriminate yourself, being polite and helpful can bolster a claim that you are innocent. 

At a minimum, it can help to create a perception among a grand jury that you could be a victim of government overreach. The same may be true among jurors who preside over your trial. Having a solid rapport with the judge or prosecutor in your case can also make it easier to negotiate a plea deal that comes with favorable terms. 

Listen to the Advice of Your Counsel 

As a business owner, you may feel as if you can be successful at anything that you put your mind to. However, it is critical that you follow the advice of your attorney throughout the legal process. Going against the advice of counsel could result in additional charges or penalties that could be avoided by not letting your ego get in the way. Remember, even attorneys will hire attorneys to represent them in their own legal matters. 

If your company is facing criminal charges, it is important to hire an attorney as quickly as possible. This may help to preserve your rights and increase your chances of resolving the matter quickly and favorably. It can also minimize the potential damage done to your company’s brand and to those who are associated with it. 


The Toughest Job a Entrepreneur Has Is Trying to Keep Their Marriage Together

As an entrepreneur, you will have dozens of issues all vying for your attention from dealing with vendors to managing employees. While you don’t necessarily have to be an expert in all areas of running your business, you do have to understand enough to be able to communicate with your employees, service personal, and other professionals. This is a big responsibility, but so is keeping your marriage from falling apart. Unfortunately, this is one area in which the most successful entrepreneurs often fail. 


The Three Main Ways Entrepreneurship Affects Marriage

Money Problems Play a Factor

One of the biggest problems that affects any marriage is cash flow and that’s especially true when one partner is an entrepreneur. Starting a business is expensive and often requires taking out loans to finance the operation. Unless you’re exceptionally gifted, chances are your business is going to struggle in the first couple of years. If you don’t have a good plan in place for managing that, those financial difficulties are going to make life harder at home. 

A Breakdown of Communication

Those financial problems are going to affect your ability to communicate, because all your partner will want to talk about are your financial problems. On top of that, you may be failing to meet your commitments at home due to your dedication to your new business. This might not have such a devastating effect on the marriage if you take the time to communicate more effectively, but this is rarely the case. Left unresolved, these communication problems can lead you to spending more time consulting a good Tampa divorce attorney, when you should be talking to your spouse. 

There Are Only So Many Hours in a Day

The third problem couples face has to do with time, but not just in terms of communication. Entrepreneurs often spend most of their waking hours trying to make a success of their business, which leaves little time for a spouse. This can leave your spouse feeling neglected, even when that’s the last thing you intend. 

Three Ways to Keep Your Marriage Strong

Make a Plan

When you develop your business plan, it’s a good idea to develop a contingency plan for your private life. What if your business doesn’t make a profit for a year? How will you pay your rent or mortgage? Utilities? Groceries? Cell service? If you address these concerns early and work with your spouse on creating a response plan, you’ll be less likely to run into surprise hardships. 

Communicate Mindfully

Even after developing a good financial plan, it’s important to continue communicating with your spouse. Help him or her feel involved by sharing your experiences and decisions. If you ever become ill or injured, this level of communication will pay off, because your spouse will be able to step up and take your place temporarily. It will also help avoid the emotional chasm that might otherwise develop. 

Take Time for Yourself and for Each Other

No matter how well you communicate, you won’t help anything by not being physically present in your marriage. If your spouse feels neglected, they may believe the only way to fix the solution is to consult a Tampa divorce attorney. Of course, it’s within your power to prevent things from reaching that point. Even if you were single, taking days off and taking the occasional vacation is necessary for your own health. Spending that time together with your spouse will bring you closer together and relieve any stress and emotional tension either of you may be experiencing. 
Your marriage will take just as much work and effort as it takes to operate your business. Before you take that leap toward full-time entrepreneurship, consider how you’ll manage both aspects of your life. Acknowledging that your business and your spouse deserve equal attention can help you be more successful in business and happier at home.


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.

 


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.


5 Things That Separate Growing From Redundant Businesses

Companies like Inc. list down the fastest growing companies every year. To feature in this list, only the fastest growing companies manage this prestigious list. Sometimes you wonder how these companies do it. It is natural to be concerned especially if you are an owner or work for an SME. In this article, we will look at some of the key things that separate explosive business from those languishing in mediocrity.

1. Operating at optimal levels

It is sad that most businesses start with the intention to grow, but sometimes the existing team lack the capacity to help the company operate at optimal levels on all fronts. You’ll notice that only through optimal levels can a company generate enough revenue, save on time, utilize its networks or simply recreate itself in times of challenges.

Aaron Minc studied Inc.’s 500 companies and observed that all of them were operating at insane levels of efficiency. When a product development cycle starts and ends within the shortest time possible, it gives marketing and opportunity to bring in the product within the shortest time possible in the market. If the growth strategy was to be ahead of the competition in launching a product, then the strategy works.

2. Fool proofing your value proposition.

Research is the starting point of a proposal. If the company fool proofs its value proposals completely, then the chances of success increase. Sometimes, companies that face hardships are either too lazy or too poor in terms of strategy to be thorough. Out of every three products, they propose, only one hits the market. That means time is wasted, resources stretched, and for no good reason. Only a successfully value proposition separates the winners from the losers.

3. The team and the organizational synergy

Most companies start small with the hope that the future will be bright. However, at a certain time, it is necessary to re-brand, not just physically, but also internally. Some people focus on the physical re-branding forgetting that a re-brand requires human resource supplement. Fortify your human resource accordingly in terms of training, recruitment of quality, and team building. Organizational synergy determines how the team works. Good synergy means improved productivity.

4. Harnessing feedback

In business, they say that a review from one disgruntled customer is equal to a 1000 positive reviews. In short, you cannot let one disgruntled customer feel that you did not have his or her best interest at the heart of your company. Focusing on making a customer satisfied is very important and only those who’ve mastered the art emerge winners every time. Harness feedback from clients, suppliers, and employees; stay ahead of the pack; and purpose to learn from every feedback.

5. Keep up with technology

One mistake that you should never afford to make is to be left behind by technology. If you do, you’ll forever play catch up. If your competitors are ahead, you’ll be at a disadvantage. As a business, you cannot afford to be a late adopter. You must be among the first adopters. Customers have a tendency to trust trendy companies. Always use technology to your advantage. Technology should always be capable of paying for itself. If technology is not bringing any strategic advantage to your business, you can always pass but not if it puts you behind your competition.

To remain on a growth trajectory is a process. If you miss the ropes, then you will always remain redundant and the risk of being phased out becomes a reality. Do not allow your company to go down this path.


What You Need To Know About Personal Injury

Personal injury involves bodily and mental harm. The injury may be from motor vehicle collisions, other types of accidents, assault, defective products, negligence, and malpractice as well as from ingesting toxic substances among others. However, car accidents contribute to the largest number of personal injury claims. The victim may sue the perpetrator for compensation.

The victim has to prove that the guilty party caused their injuries. They also have to show the nature and extent of the injury. This enables them to claim compensation referred to as damages. It is usually paid by insurance companies to cover present and future medical bills and lost income. The compensation also includes damage to property, consequent emotional distress, deformities, or disability. In severe cases involving wrongful death, the damages may be significantly higher.

If you can prove that the perpetrator’s acts were intentional, you may claim punitive damages. However, personal injury cases are not criminal and do not attract extended jail time or hefty fines. This means the ultimate goal is to get some amount of compensation called a settlement. This helps you alleviate the effects of the

Lawyers have an in-depth understanding of the law. Experienced attorneys have seen how the system handles numerous different scenarios. A personal injury matter can become a complicated case in severe circumstances. They may also take a long time to get resolved. You can quickly find an experienced personal injury attorney in Tampa. Some personal injury lawsuits have to be filed within a given timeframe after the incident for them to be considered valid.

Quick action helps protect you as the victim from further harm. It also enables you to obtain substantial evidence and documentation. Hiring a personal injury lawyer is a smart move. It allows you to focus on recovery with a peace of mind in the knowledge that the matter is being taken care of by a professional. A smart lawyer will also help you make sense of your rights.

The lawyers are highly skilled in legal, medical, business as well as negotiating tactics. They exhaustively investigate your claim and follow up with the relevant authorities to ensure your settlement is received. If it is your first time engaging legal help, evaluate your requirements against the lawyer’s qualifications. Consider their academic skills, experience, and their area of focus, their litigation success rate as well as their fee structure and payment plans.

It is recommended to work with a lawyer with a bright personality and superior communication skills. Most personal injury lawyers agree to get paid from a percentage of your settlement. This means they get paid when you win. This also motivates them to negotiate aggressively on your behalf. Insurance companies are looking to pay out the minimum possible claim because that is what is good for their business.

Hire a personal injury attorney Tampa to enable you to get the settlement you deserve. Additionally, a good number of these claims are settled out of court. It is important to be presented by someone who is familiar with how the systems work and has your interests.