4 Golden Rules For Would-Be Investors

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StrategyDriven Entrepreneurship Article |Would-be investors|4 Golden Rules For Would-Be InvestorsIf you’re planning to invest your money this year, you shouldn’t jump in blindly.

There are risks to all investment types, whether you’re considering stock, shares, bonds, real estate, or the trending cryptocurrencies to trade this year.

There are a few golden rules that every investor should follow. We list some of them below and by adhering to them, you will reduce risk and improve your chances of reaping a financial reward.

#1: Have a goal in mind

Many investors have one simple goal: to be as rich as possible. This isn’t necessarily a bad thing but it is a bit abstract. Without a financial figure in mind or a projected timeline, they could invest forevermore and increase the risk of losing money.

When investing, consider your financial goals. it might be an x amount of money for retirement or enough money to put your children through college. When you have attained these goals, you can withdraw this money and put it into your savings fund. If you don’t withdraw it, there is the chance that you will lose some or all of it if a later investment works out badly.

#2: Don’t put all of your eggs in one basket

One of the biggest investment mistakes you can make is putting all of your investment money into one type of asset. If the asset performs badly, you could make significant losses and this would scupper your chance of achieving your financial goals.

It is wiser to diversity your portfolio as this way, you still have the opportunity to make a profit from something, even if you suffer financial losses elsewhere.

#3: Don’t invest in something you don’t understand

You don’t need to be an investment expert but a little bit of knowledge will still carry you a long way. If you were to invest in stocks without knowing about much about the highs and lows of the stock market, for example, you could make a bad decision when choosing where to invest your money. The same applies to other forms of investments.

To learn more, read articles online and take time out to read books written by expert investors. Use trading simulators so you can get a handle on the basics without the need for real money. And if you know any experienced investors, talk to them and ask them all the questions you need before you make any type of investment yourself. By gaining knowledge, you are less likely to do something you might later regret.

#4: Don’t invest what you can’t afford

Before you invest, budget your finances. You still need money for your household bills, family needs, and all of your other expected expenses. If you invest without budgeting, you could lose money that you need elsewhere and this could leave you in a dire financial situation.

Don’t only factor in your daily expenses, however. Leave room for an emergency fund too as it’s wise to put money into that, as you may be faced with unexpected expenses. After factoring in this and all of your other living costs, you will then know how much you have leftover for investing purposes.

Finally

These are just some of the rules you should adhere to. However, there are more to add to this list, so continue your research online and then remind yourself of these rules whenever you decide to start investing.

Business Hacks to Navigate 2022 in Style

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StrategyDriven Entrepreneurship Article |Business Hacks|Business Hacks to Navigate 2022 in Style2022 is the perfect year to be making important changes as a business, and working your way toward greater success. This is something that you have to make the most of moving forward right now, and there are a lot of key elements that can help you when it comes to improving and assessing your company, and this makes a huge difference.

There are so many ideas that will play a role in helping you achieve this, and being able to understand your company and improve it is so important right now. Being able to navigate 2022 as a business means you need to be making important changes and alterations that can help your business grow. Here are some of the key ideas you can use to help your brand navigate 2022 in style.

Rebranding

Rebranding your business in 2022 is one of the best things you can do to try to achieve more success, and this is so important for the future. Make sure you focus on doing your best to improve the way you brand your company, and there are so many things that play a role in this process. Try to come up with some of the best ideas that will help you to rebrand more effectively, and updating your business for a more modern audience is one of the best things you can do when it comes to making the most of this. Rebranding plays a big role in allowing you to help your company become more modern and impressive.

Have a Backup Plan

Having a backup plan for your business is something that is even more important in the modern world. Since the global pandemic hit the economy hard, it has become more important than ever for companies to be able to have a backup contingency plan to help them thrive in the event of disaster or adversity. This is something that you need to try to improve upon as much as you can, and being able to map out a route to success as a modern business is so important. By having a contingency plan in place for your company, you will find it easier to thrive in difficult situations.

Stand Out

Making sure you stand out as a business is one of the best ways of being able to be more successful in 2022 and beyond. There are a lot of things that play a part in this, and there is a lot that can be done to improve your company and make sure it stands out moving forward. By changing your branding, offering the best quality products, and making sure you give people something unique, you can be sure your company is going to stand out and make a huge difference to any success you might have in 2022.

Have Values

It is important in the modern world for businesses to have values, as this is important to clients and customers. There are a lot of things that play a role in helping you to achieve success here, and this is really important. Being able to have strong and important values as a business is crucial, and you need to demonstrate that you care about society issues and that you have values that are important as a modern business. This is something that you have to try to make the most of moving forward right now. Having values as a business matters so much, and this can help you to achieve greater success this year.

Develop a Strong Social Media Presence

Developing a strong and successful social media presence is one of most important things you can do as a modern business seeking success in 2022. Social media is the most powerful weapon in your company’s arsenal, and you need to try to harness it as effectively as you can. There are plenty of strategies to improve your online presence, and building up a strong and engaging social media platform is one of the most effective. So, make sure you look at the best ways of being able to develop and enjoy a strong social media presence as much as possible, and this is something that will really help the company improve in 2022.

Improve Your Marketing

Being able to improve your marketing as much as possible, and there are so many factors that play a role in helping you promote and market your brand more effectively. There are so many elements that you need to focus on when it comes to marketing the company, and this is something that you need to make sure you get right. Focus on the best ways of being able to market the business more effectively, and this is something that you have to make sure you get right as much as you possibly can.

Put the Customer First

Putting the customer first is all about making choices for the greater good that are going to help you improve the way your company deals with customers, as well as what you are able to offer them. This means teaming up with reputable companies to take care of important areas of the business; click here to find out more about the sort of thing that plays a role in this, and some of the best ideas that will allow you to do this. You also need to look at what you can do to put yourself in the customers’ shoes, and make sure they are getting the service they require from your business. Making them feel important and valued is a great way of boosting customer satisfaction, and this is something you need to make the most of.

There are a lot of things that you can do to help you improve your company and its success rates as much as possible. There are a lot of ideas that you need to keep in mind when you are looking to improve your business and make it more successful this year. Come up with some of the key ideas you can use that will help you improve upon this as much as possible, and these are some excellent ways of being able to navigate 2022 in style right now.

Crypto Project Registration in Estonia

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StrategyDriven Entrepreneurship Article |Crypto Registration Estonia|Why Open a Legal Crypto Project Registration in Estonia?Why Open a Legal Crypto Project Registration in Estonia?

More and more businesses and digital nomads pick Estonia as their base of operations. There are two main reasons for this: transparency and convenience. Every business ever has a simple goal: making as much money with as few resources as possible. Wasting time dealing with murky bureaucracy is not a smart way to waste the already limited resources and that’s the reason why company registration in Estonia is so en vogue right now. Remember that Estonia was among the first countries to launch a remote registration program – it’s called Estonian e-Residency Program and since its launch, it has grown considerably. They harnessed the blockchain and decided to use it to speed up and simplify the process of building a company and integrating the business into, say, the healthcare industry. The probability of successfully registering a crypto-related business in the country is close to 100% and that’s something that a lot of crypto businesses want to know in advance.

How Long Will It Take to Register a Crypto Project in Estonia?

There is no definitive answer to this question. It depends on the complexity of the registration and the level of experience. It’s highly advisable to try to speed up the process of obtaining a crypto license by applying for an e-residency card. That will allow you to cut through the red tape in the regular Estonian bureaucracy to a certain degree. Even without the card, you can still get a registered company but it might take longer than the average. One more thing to note here is that it’s very important that you consider how you want to structure the company in order to successfully register it. There are many consulting firms that are more than willing to help you out, so all you have to do is ask.

What Organizational / Legal Things to Consider Before Even Starting a Crypto Project in Estonia?

  • Tech skills are incredibly important. Blockchain is pretty much synonymous with innovation. If you want to start a crypto project, be it an exchange or something entirely different, you need to be tech-savvy at least to some extent.
  • Figure out how to attract investors. Not everyone was born with a gift for entrepreneurship and that’s understandable. By no means is this a handicap, however, you need to either figure out a thorough plan or attract someone who can persuade investors to sign a lucrative partnership with you.
  • Embrace innovation and adaptation. The cryptocurrency business is a rather complex environment and there will be new developments around every corner, every single day. You need to try to stay on top of things and, if you have the necessary skills, also help to shape the future of the industry.
  • Learn about risk management. Financial risk management is of huge importance in crypto-industries. It is a highly volatile environment and you need to be able to protect your assets from scams and failures, not to mention underperformance.
  • Don’t be too harsh on yourselves. Set your goals but understand that the business is still in its infancy. It’s not as if your company is going to win the lottery tomorrow anyway.

Why Is It So Easy to Do Crypto Projects in Estonia?

Is Estonia really the best place in the world to build a crypto business? It’s impossible to tell if it’s going to be the best place in the world for your specific business, but the fact of the matter is that Estonia remains one of the most flexible and rewarding jurisdictions in the world. The e-Residency program proved to the world that Estonia is going to be a mainstay in the crypto business in the future. It will further boost the country’s economy and give it access to a new segment of potential customers. So, to address the key question: why is it so easy to register a crypto business in Estonia? It’s because the powers that be understand the power of blockchain and they’re welcoming this new frontier. Estonia is helping crypto entrepreneurs achieve their vision without needing to worry about tedious details that could jeopardize their business goals.

Why Do People Choose Estonia For Starting a Crypto Project?

There exists a myriad of reasons why people choose to set up a crypto business in Estonia, and the country is, without a doubt, one of the most sensible places in the world to do so. The reasons to come to Estonia include, but are not limited to the following:

  1. It’s a simple option when compared to other jurisdictions, especially the US.
  2. The process of crypto project registration is very fast and easy, especially if you hire a lawyer or rely on third parties.
  3. Low costs as compared to other locations.
  4. Clear, unbiased, and transparent regulations.
  5. Infrastructure that is constantly evolving to support new technological advancements.
  6. Low operating costs after setting up a crypto project.
  7. No stern requirements related to the financial aspect of the business.
  8. Progressive taxation for businesses.
  9. Cryptos are not subject to VAT.

Vital Considerations To Running A Professional Kitchen

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StrategyDriven Entrepreneurship Article | Running a professional kitchen|Vital Considerations To Running A Professional KitchenWhether you own a restaurant, a food retail business or something else entirely, as long as there is a kitchen to run you need to make sure that you are approaching it in the right manner. There are many important reasons to make sure you do this right, from the issue of safety to ensuring that you are producing the best quality food possible. In this post, we are going to take you through just some of the most vital considerations to bear in mind as you try to run a professional kitchen. All of the following will prove to be necessary.

Designing The Kitchen

At some point early on, if it is a new business, you are going to need to design your kitchen. This is something that can be surprisingly difficult to get right, but it is important that you are doing it right if you want to get the most out of it. You will therefore want to make sure that you know how to properly design a professional kitchen, and that is something that is not always easy to do.

However, as long as you find a decent place to store everything, and you think carefully about how your chefs will move around the room as they work, you should be able to design a kitchen that works well.

Keeping It Clean

A clean kitchen is essential if you hope to run your business properly and successfully, for the simple reason that it is important to do all you can to keep both staff and customers safe at all times. It’s not too challenging to keep a kitchen clean, but you do need to make sure that it is a clear priority in the company, which is something that needs to be made a big deal of with your employees.

It’s also a good idea to hire professional cleaners, as this way you are much more likely to have a clean kitchen on the whole. If you can also encourage staff to clean up after themselves, then this is going to be even better. There are some parts of the kitchen that will need occasional deep cleaning too, which is where you’ll need to look for professional hood cleaning services for instance.

However you do it, remember that a clean kitchen is one which is better for everyone, so it’s important that you bear that in mind.

Organization

A professional kitchen will always need to be well organized, so this is something else that you need to focus on from the start. Good organization keeps things safe and salubrious, and helps to ensure that it is easy to work in the space as much as you would hope for a fast-running business. To improve organization, ensure there is a place for everything, and that this is respected by the staff members who work there. Having specific protocols in place is also going to help keep things running smoothly, so that too is something you will want to focus on.

Human Communication

One of the most important ways to ensure that your kitchen is running well is to make the most of human communication. As long as everyone is able to speak with one another easily and without trouble, that is going to make for a much better approach on the whole, and one which is going to enable the kitchen to be run in an efficient and simple manner. A kitchen works best when everyone is loudly communicative and open, so this is the culture that you should be aiming to encourage in your kitchen if possible.

Roles & Responsibilities

As with many kinds of workplace, you also need to make sure that everyone has their own idea of their role and responsibilities. If people are clear on this, it’s something that you are going to find drastically improves the working culture in the kitchen. You will generally have a head chef, a sous chef, and many assistants, as well as the kitchen porter and other roles coming in and out too, such as servers. With a clear demarcation of responsibilities, the whole operation will run a lot more smoothly, so be sure to focus on getting that right.

Regulations

Because you are working with food, there are many legal regulations that you need to respect and work within. First of all, it’s a case of carrying out the necessary research so that you are aware of what these are. Then you need to make sure that everyone in the kitchen understands how to work within them, so that you can keep the business free from any kind of legal trouble. Often these regulations are designed to protect people’s health and safety, so it’s vital that you keep on top of this stuff as best as you can.

The Right Equipment

Work in a kitchen is a lot quicker, smoother and easier if you are working with the right equipment rather than less than perfect equipment. It is normally worth spending a little more on the better version of something, as this is usually going to save time, make things easier, or otherwise improve the experience of working in that kitchen. Finding the right equipment can take some time and research, but it is absolutely worth your while as it will ensure that you are running a much better kitchen on the whole.

Keeping It Stocked

Stocking your kitchen with food is obviously a vital part of the process too. If you don’t have the necessary ingredients, after all, then you can’t make the meals! However, it is true that keeping the kitchen stocked is not as easy as you might think, and sometimes there are supply chain issues. It is normally best to design a menu that focuses primarily on local ingredients for this reason, as well as staples which are usually easy to find at any time.

With all that in mind, you should be able to run your professional kitchen to a much higher standard.

4 Out Of The Box Investment Ideas

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StrategyDriven Entrepreneurship Article |Investment Ideas|4 Out Of The Box Investment IdeasOne of the truest statements in investing is that if there is no risk, there is no reward. There are a million ways that people make money around the globe daily from manufacturing to retailing to providing services, which goes to show that there are no wrong ideas when it comes to investing. Over the generations, ideas that were seen as too radical have proven to be some of the most genii, so with a balanced portfolio, there is always a little merit in investing in some out-of-the-box ideas that you believe in.

International property

Many people feel comfortable investing in property markets that they are familiar with but property is a big investment to make that involves long-term mortgages that take decades to pay off. For those willing to do the research and to travel to new destinations, international property investment has a lot to offer. Many international housing markets are considered to be much more affordable, from small villages in Italy to high rise apartments in the Philippines. With an affordable cash injection upfront, investors could be looking at a quality return on investment from a property that is affordable enough to be purchased outright, not to mention having the option of a beautiful holiday destination to jet off to.

Coins

It might sound like a hobby that your grandfather was passionate about but coin collecting can pay some serious dues. With currency increasingly becoming digitised around the world, the value of older coins is beginning to escalate. As physical money begins to fade away, coins will become rarer and rarer and we all know that anything rare equals value. Look into the value of coins in your country. It will be surprising how much you could be looking at for something that appears no more interesting than an old penny.

Overseas shares

There are numerous stock markets in countries all around the world. If you are into buying stocks, day trading or just looking to grow and diversify your investment portfolio, the digital age means that you are no longer only limited to one market. Global digitization has opened up access between markets in different countries in ways that have never been seen before so if you want to check out Wall Street, buying US shares from Australia is now entirely possible. With online brokers that have developed easy-to-use apps and unprecedented competition on previously unaffordable brokerage fees, there has never been a better time to consider investing in international markets.

Start-up capital

The investment bankers on Wall Street sure had it right when they began investing capital into start-up companies back in the day but this is not necessarily a million-dollar business only. There are a multitude of new business ideas out there in the world at any given time and if you think you have the ability to spot something good when you see it, then you can bet on yourself and invest in it. Small and medium enterprises often lack the capital they need to start up their businesses and take on silent investors in exchange for a share of the business returns. Whether you choose to do this privately with friends, family or associates, or you opt to work with a larger financial firm, this is an option for you to invest on the ground level of the next big idea.