Business

Trading has a pretty prominent presence in the history of mankind. It is something we have probably been doing even before we knew what it was. To trade something, be it some sort of good or service, for other goods or services, or even currency is something that is stuck in our society.

Nowadays we trade our hard-earned money for goods, be it for things we need to survive, or for recreational purposes. Clothing, medicines, food, and even our internet connection, is paid with money through trade.

Of course, there are different types of trades. Some trades are commonly performed in our daily lives and can be described as buying or exchanging things(Commonly known as bartering) to use them ourselves. Traders, on the other hand, make a living out of trading. As mentioned in this article, true traders seek to earn benefits from trading.

How do they do it? Well, they make sure that what they are getting is worth more, or will be worth more, than what they are giving. In ancient days, traders used to travel long distances to sell things that were uncommon in said places. Then, they would purchase things that were common over there, to sell them at another place at a higher price. This process could take months, but earn them massive wealth.

Trading Today

Nowadays, traders are more prompt to using technology, and stock trading came to life. By making investments that would make them profit after some time, is the main core of what trading is.

With that said, trading can be pretty complicated, considering how many things you need to know, understand, and predict. Even with knowledge, the experience can play a huge factor when someone decides whether to invest or not in stock.

You see, stocks could be described as merchandise, products, or goods that are available for sale and purchase. There are way too many different types of stocks to name them all, but most of them are pretty unpredictable.

Some Examples of Unpredictable Goods

Although researching for data on different stocks is also the job of a stock trader, one can never truly predict how merchandise or a product will act. A good example of this is oil, with the current situation with the COVID-19, a virus that has changed the world over the last few months.

Oil has always been a pretty important valuable for almost every country. Considering what you can produce with oil, it’s to no surprise that many countries are always looking to get some.

Because of COVID-19 and the whole quarantine situation, the amount of consumed gas and oil through the world has been massively decreased. Thus, the need for oil has also been reduced, which hindered the price of the stock worldwide.

And that is something that almost no one could have predicted with perfection. The same was for the weird situation with the Bitcoin, the electronic currency. At some time, you could get a bitcoin for $100, then after some years, a single bitcoin was priced at almost $20,000. Nowadays, a bitcoin is worth around $9,500.

That is why websites such as daytrademethods.com are there for you and everyone who is into trading. Online websites that focus on providing as much information about trading as possible are a treasure for those who are into trading because they are a quick way of getting valuable information about different goods, and how they will act in the future.

More Than Data and Information

Of course, your own knowledge about certain matters as well as your experience will play a key role in deciding where you should invest or not, but having more information at hand is definitely useful when making a decision.

Nowadays, investing in stocks can be done with just a click. By owning an account in the different stock-trading apps and websites there are in this digital era, and just deciding where you want to make your investment, you’ll decide how many hundreds or thousands of dollars you will invest in something.

If you want to start, you should first research on different markets and goods, and decide for the ones that seem more appealing. Data is really important in this process, so make your research beforehand.

You also want to know as much as possible. Understanding how online trading works and what are the differences between all the websites available to trade is important since it is practically the process that will decide where your money will be invested.

Useful Tips for Beginners

The first thing to do is get educated about it. This is probably the same for anything else, but certainly don’t want to start doing something without at least knowing about it. This is especially the case considering that you will be investing money in it.

After that, you should research for an online broker or website that suits your taste. A good place to start is at websites that have excellent customer service and education that will help educate yourself about the whole process. A website that is understandable and easy to manage is a big plus.

Then comes the difficult part that will require learning from mistakes if possible, since the chances of you earning tons of money right away are pretty low. You will decide on a strategy after researching stocks and goods. Making a plan to proceed and sticking to it will definitely show fruits if you had taken the right decisions.

Sometimes, the process will be slow and you’ll have to be patient, but if you play the right cards, you will eventually enjoy the profits.

Are you a business freak?

Do you have your business card?

If yes, do people wait and read, or they directly slide your card into the pockets?

Well, if this is the thing, then you must get a professional and classic business card that holds a distinctive impression than other businesses. It must create a standalone impression when one holds your cards. This symbolizes their interest in your business. Therefore, you need to select breakthrough designs that reflect your attention to detail and mirror your professionalism in the field. Here we have discussed some of the classic trends of transparent plastic business cards that will blow off your mind and simultaneously help in creatively a unique positioning into the minds of business associates or personal clients.

Plain plastic transparent business cards

The design and selection of color give a minimalistic impact in empowering your brand with personal connections. It helps create a strong brand identity by using an attractive and spell-binding design covering all the relevant information about your business. As a result, you must pay attention to its style because it serves as a powerful direct marketing tool that will take off the buried head from phones with its splendid elegance. You can customize its designs with fully or partially transparent offerings.

“Plain plastic transparent business cards exhibit your services the best.”

 

Business cards tinted with transparent background

Is your business logo design colorful? Then you can select this design so that your logo can fetch attention from the crowd. It will make your card look quite exquisite and expensive. They hold a great value for marketing your business through a logo that leaves a lasting impression right from the first meeting. Thus, it promotes your business with collective opportunities for networking creatively. You can test and try some additional options from an online business card for easy penetration.

“Business card with a tinted background helps in building and reinforcing your brand.”

It differentiates you from others

Business cards not only convey about your business, but they speak beyond words. Selecting a smart and sharp design will differentiate your brand from others without using word-of-mouth tactics. It acts as a golden opportunity for small businesses as well as for sky scrapped models in showcasing their reputation in the market. Therefore, no company should resort to gimmicks. One must look for a smart and concise business card that scores a hundred on aesthetics and is visually appealing with crispiness in contact details.

It improves the legitimacy of your business

The business card acts as a supportive agent in gaining customer trust and long-lasting building relationships with clients. It is an effective form of marketing that speaks about your company and piques the interest of the person who holds the card. It often serves as an assuring factor for new customers who seek for trust and reliability.

Thus, fuel your brand and strengthen your customer base with a classic business card.

Huge businesses and enterprises rely on the security of data within the organization. A simple data breach within any business enterprise can cause massive effects on the same company. It is, therefore, vital to consider strict regulations and strategies that ensure proper security of data within the business. It is undoubtedly true that data requires some privacy because, when revealed, it can create significant loopholes for attacks from outside and within. Read more at Paperwritten.com

For this reason, many business organizations are developing and adapting strategic ways of securing their data. This piece will take you through some of the critical tips that are critical when protecting business data.

Identification of sources of threat

You must identify the possible sources and threats that could cause major havoc to your business data. Some of the critical sources of threats to business data include unintended disclosure of business data, malware, and hacking, lost or stolen mobile devices, intended disclosure, among others.

Restricted and hierarchical access to data

Business data should always be accessed at different levels about the management of the business. Some employees should have restricted access to business data, some should have measured access, and a chosen group of trustees should have full access to business data. It should be noted that full access should be significantly restricted to a greater extent. Most importantly, don’t always give newbies access to the most sensitive information or data regarding your business.

Data encryption

The essential practice that every serious business should do is encrypting data related to the company. You can obtain the most powerful data encryption software for business servers and all electronic devices handling your business data. Two choices are critical to making when it comes to data encryption. These choices include the possibility of potential risks resulting from hacker attacks and the need for portability.

Use of stronger passwords

Weaker passwords can put a business enterprise at a higher risk of having data breaches. Currently, hackers are working to break passwords to gain access to critical business data. This verifies the need for establishing the strongest passwords ever. Use uppercase and lowercase letters and also numbers in your passwords to protect business data. Most importantly, always avoid using similar passwords everywhere, especially when holding a top position in a business enterprise or organization.

Update your software periodically

Sources of insecurity to business organizations involve outdated systems. Always ensure that your business enterprise runs on a current system to curb any security hitch that may arise. Always keep in mind of the constant evolution of malware and put all your focus on updates that patch up these vulnerabilities.

Ensure network security

Your business network can be a hot spot for hackers who are maliciously aiming to destroy the business. It is, therefore, important to firmly secure the business network through encryption and setting the network to hidden. Access to a business network should be significantly restricted and only be allowed under given authorities.

Conclusion

Data related to businesses should be shielded by all means. Always have the notion that a single data breach means destruction to the business.

Internet speak has created a much richer lexicon for today’s generation. And honestly, you can’t help but develop an appreciation for the clever terminologies that have emerged in recent years. And speaking of Internet terms, one of the relatively new ones that online-driven people use is “micro-moments.”

The definition provided by Google for this terminology is this: “Micro-moments occur when people reflexively turn to a device—increasingly a smartphone—to act on a need to learn something, do something, discover something, watch something, or buy something. They are intent-rich moments when decisions are made and preferences shaped.”

So, essentially, a micro-moment is the point in time when you turn to an Internet-connecting device for the information you need or to carry out an activity, which is what everybody does frequently on a smartphone. For whatever people need, it seems Google is the key — hence the phrase, “google it.”

Turning to the Internet is almost instinctive for a lot of people, and because of this, businesses must take this into great consideration, especially if they need to build a strong brand. But how does a company go about this? Here are seven strategies to implement.

1. Create a website

A website is the most extensive representation of your company in the digital realm. A lot of micro-moments can be accomplished through this online real estate, such as data provision, shopping, chat, and sales. You can really create an excellent impression for your brand through a website.

However, you need to make sure that this official online brand presence creates a consistently good user experience. Otherwise, your brand will suffer. Therefore, hire the best web developers for the job. They’ll make sure that your website displays correctly on all mobile devices and whatever transactions to be carried out on the site will go smoothly.

2. Blog

A blog can be a page on the website, but you need to focus on the different brand experiences it provides users. Make it as informative as possible by sharing tips, instructions, and guides.

Likewise, make your brand personality shine through it. You can share stories on the blog, which are essential for brand building because stories are the perfect content to connect with your target market. Indeed, there is nothing more powerful than a good story when it comes to building a brand and marketing.

3. Take into great consideration customer feedback

Take it from experienced branding consultants who always say that what customers say opens doors for improvements. Listen to the opinions and complaints of the people who connect with you online. Follow this up by formulating ways to tweak the quality of your service. This is the best way to draw them back in if your online presence had disappointed them before.

But aside from improving your service and online interaction with customers after listening to what they had to say, you can also work on polishing your product quality and rethink your prices. All such moves can create a solid, positive, and memorable impression for your brand.

4. Diversify your content

Content creation is very much a part of brand building in the digital world. Online content is what your target audience will consume first before your actual products and services. Thus, invest in the creation of different kinds of digital content for your brand.

Use videos to reinforce the value of your brand and what it stands for. Perhaps, launch witty memes as well, especially if you want your brand to be more meaningful to younger audiences. And, don’t forget to use infographics, images, podcasts, and others to deliver the information that people turn to your business for.

5. Take advantage of local SEO

Another effective strategy in making your brand more meaningful and memorable is by placing it where it’ll be more visible – you can do this through local SEO.

With local SEO, people searching for your brand through their smartphones will automatically be directed to the establishment nearest them where your products and services are available. This will create an image of a highly reliable brand. Plus, your business can score the chance to outperform your competitors in the area that do not make use of local SEO in terms of the search-to-purchase cycle.

6. Invest in an app that you can sell to your customers

Apps are highly useful programs that can be downloaded in most mobile devices, including small wearables such as smartwatches. The advantage of apps is people can use them even if they are not connected online. Therefore, micro-moments can be created even in the absence of an Internet connection.

You can turn to specialist companies for these programs to boost your brand. They will design an app that can provide users with an extensive collection of information to answer queries or to guide them in performing an action.

This is, no doubt, a pricey investment, but if you want your brand to serve a device-reliant audience well, an app for your business is completely worth it.

7. Stay relevant

One of the best ways to make your digital content work optimally for your brand is by making it relevant to the times. Churn out articles and other informative pieces that relate your brand to what the rest of the world is going through.

According to top branding agencies, you can’t go wrong by being a source of something good for a lot of people. So, let your brand prove timely information and other solutions. If your brand cannot provide those through products and services, then demonstrate empathy. Quite often these days, people turn to social media just to find words of encouragement and some sense that they are not alone. Let the brand be that for them.

Indeed, creating micro-moments through your brand is a fantastic way to ensure competitive advantage and relevance. It can be a lot of work, but the lovely thing about it is, it can provide you with a fiercer commitment to help or be what people need. Furthermore, you can trust that all these efforts will reward you with exponential connections that can lead to more sales and profits for your operations.

Author Bio

Hasan Fadlallah is a Serial Entrepreneur – Founder & CEO of Brand Lounge, the region’s leading and award-winning branding consultancy, whose role is to help organizations align their business behind an idea that will deliver success time and again. Equipped with over 20 years of professional consulting experience, today he advises businesses throughout the Gulf and Africa on brand development and in 2014 was recognized by the World Brand Congress who awarded him the prestigious Brand Leadership award in Brand Excellence.

Mistakes are bound to happen in life, as no one is perfect. However, avoid some mistakes by hook or crook. Website development mistakes are one. Your website is not just a bunch of web pages waiting to entice customers but also a reflection of your enterprise. A poorly done web page is more likely to reduce your conversion rates, causing huge losses.

Below are six mistakes you should avoid at all costs when developing your website.

Not knowing your target audience

There’s no way you are going to advertise to everybody. The idea is not only ambiguous but also unproductive. When creating your website, target a specific market or audience to maximize conversion rates.

When you have the correct audience in mind, you are more likely to tailor content and products that meet their needs. This focus will boost your business as more conversions will occur.

Creating an incompatible website

Imagine this scenario: a potential client wants to purchase a particular product from your website only to be slapped by “your device is not compatible with this website” error. The buyer will not only fail to purchase your products but also share the disappointment with friends.

An incompatible website is the last thing you want in your business. Furthermore, 52% of all web traffic is from mobile phones. So, if your website is shutting out this traffic, you are missing half of your target market.

Failure to engage a web designer

Web development is a critical activity that requires a lot of skills and professionalism. Unless you are an experienced Web Designer, DO NOT attempt to create your website. It is always wise to hire a professional.

You might be trying to save on costs, but remember a poorly done website will impact your business negatively. Seek professional help when creating your website to ensure you get a quality website.

Not updating your website

In a world that is technologically and informationally advanced, there’s nothing worse than an outdated website. For competitiveness, your website should be updated regularly, depending on your niche.

Outdated websites send negative perceptions on potential buyers who are unlikely to buy. Updates should include your current contact addresses, hours of operation, new products, to mention a few. Above all, develop a customer’s instinct and update what a typical client may deem necessary.

Creating a communication barrier

When potential customers visit your page, there are specific things they want to know. They are interested in who you are, your products and services, and, most significantly, how to contact you.

Minus contact information, your conversion rates are going to be low regardless of the services you are offering. When creating your website, make it easy for clients and potential clients to contact you; and instead of using contact forms like many businesses, provide direct contacts like your email address or phone number.

Creating long and complicated website content

No one wants to read a ton of complicated and long texts on your website, not when the season finale of Game of Thrones is a click away!

When creating your website, be short and precise in terms of the web content you are posting. Long texts require much attention, meaning you’ll lose your audience’s attention before passing the relevant message.

Your text should have a neat structure with small digestible chunks for easier reading.

Conclusion

Currently, businesses that are offline stand no chance against their online counterparts. Online presence ensures your business reaches many people improving your profit figures. However, a faulty website will compromise your business’s potential. The steps above will ensure you don’t commit mistakes in your web development journey.

 

Believe it or not, COVID has changed the world and the impact on the businesses is lasting and immense. It is a game of survival now and only the ones that are the most resilient can get through the crisis situation. Challenging as things may seem, you can easily sustain if you go the extra mile to fortify your finances and operations. While you can learn about how to perform installment loans online to consolidate your financial status, there are some other measures that you can adopt to emerge as a true winner. Let us highlight the best advice for businesses that want to fortify themselves during the pandemic.

Get your cash flow sorted with installment loans online

The first step to keep your business running right now is to maintain the cash flow. Right now, you can expect the sales pipeline to be slow and delay in payments. The only way to maintain the cash flow in this situation is by infusing cash. A quick installment loan online can be a true savior as it offers instant cash and you can pay back in easy payments over an extended time span. The process of online borrowing is quick and simple, which can make all the difference in the crisis situation like this one.

Create a plan B for your business

Right now, you can expect the unexpected. Having a plan B for the worst is the best thing you can do for your business. Consider diversifying into online sales if you aren’t getting enough foot traffic at your brick-and-mortar store. Or you may switch to selling products in demand such as sanitizers and masks if your cosmetics counter is not doing really well. The secret to survival lies in finding opportunity in adversity and a positive approach is the only way you can do it.

Take your marketing initiative a notch higher

Even though the markets seem bleak right now, you should still step up your marketing initiatives a notch higher. Focus on online marketing strategies because this is where your customers are most likely to be. Online searches will grow during quarantine and missing out on your presence there can put you in trouble. Right now, you should realign your brand messaging to build connections rather than boost sales.

Embrace the remote working model

Since social distancing is a mandate now, you cannot expect to operate out of the office at least till there is a tangible solution for the contagion. The only way to survive and thrive is to move to the remote working model. This surely requires technological investment and training for your employees, but you can win the battle with the right moves at the right time. Apart from keeping your operations running, the remote model also shows your good intentions for employee safety and well being.

Unarguably, this is a tough time for organizations and you cannot anticipate what lies ahead. Still, genuine efforts to fortify your foundations can help you see through the challenge and re-establish yourself.

Accidents with commercial trucks are common on highways and injuries involved in them are often serious. Fortunately, you can seek compensation for both economic and non-economic injuries through an insurance claim or personal injury lawsuit. However, a mishap with a commercial truck differs from a normal car crash. Obviously, you can expect the claims procedure to vary as well. These mishaps require in-depth investigations while the compensation claims can be very complex. Moreover, you will find yourself facing a powerful commercial entity rather than a driver. Having an expert legal professional representing your case surely makes sense. Here are some more facts that you need to be aware of.

Difference between a personal vehicle and commercial truck accident claims

When it comes to a personal injury claim for a truck crash, your attorney will investigate it differently. As compared to a mishap with a personally-owned vehicle, there is much more data and documentation that needs to be reviewed for determining the cause of the crash. Determining the liability for the accident is also more complicated because the negligent driver may not actually be the party that is liable for compensating the victim. As the truck driver may be an employee of a commercial company, the liability could be of the company. Also, the evidence and witnesses needed to prove negligence and liability in such cases need to be more solid. For example, your lawyer may call mechanical, electrical, engineering and accident reconstruction experts in addition to eyewitnesses to testify in the court.

Determining liability for a commercial truck accident

In most of the commercial truck crashes, the liability may not straightforward as in case of a car accident. There are several factors that are to be investigated for determining the liability. Only expert truck accident lawyers can help you determine the party that was negligent and the one that is liable to compensate as both may not be the same. Here are some facts that your lawyer will investigate for this purpose.

• The professional and personal driving history of the trucker
• His commercial driver’s license and endorsements
• His mental state at the time of the accident
• His physical condition at the time of the crash
• The repair and maintenance history of the truck
• Whether the vehicle was properly loaded
• Whether it was within the legally permissible weight and size limits
• Whether the trucker and carrier were following the federal and state regulations

Pursuing your compensation after commercial truck accident

Like any road mishap, compensation for a commercial truck accident can be sought through an insurance claim or a lawsuit, depending on the circumstances. If you go ahead with an insurance claim, you will file a claim against the trucking company even if the crash is caused by the driver. The reason is that the employer is responsible for the action of their employees while at work. The other alternative is a personal injury lawsuit, which gets you a fair settlement if things do not work out with negotiation. If the driver was at fault, you may sue the employer. In some cases, you can sue other parties such as the loader, maintenance provider, or a parts manufacturer depending on the cause of the accident.

Considering the complications of determining the legal liabilities and handling the claim against a commercial company, it is best to have a seasoned truck accident attorney to litigate your claim. They will definitely ensure just and fair compensation for you.

Placing an ad in a classified section of newspaper to buy or sell something. Placing an ad in a newspaper classified ad can be a good way to attain more buyers who buy your targeted product/service. They’ve been working for decades to market their products. Many newspapers also offer online classified advertising. If you are looking right classified for your business check this craigslist classifieds. These ads are usually less costly than placing ads in the original print paper, and you generally have more permissible characters. Sometimes you also have the option to add a picture. Through this you will likely attract a wider audience. Research shows that more than 76% of American households had access to the Internet in 2016, the most recent year for which comprehensive statistics are available. About 68% of consumers also surf their business on the web or their smartphone.

By agreement, online ads run 30 days on a fixed fee. Note that this will not reach those who do not see the online versions of newspapers, but as the numbers show, they are less vocal. And some online newspapers offer combination, so you can run a print ad and an online classified ad at a fixed price.

One of the most aesthetic and common ways of selling is by classified in newspaper advertising. When audiences want to look for jobs, services, and products, they find this section trustworthy. Classified ads today have blocks that specify approximately 20 words, describing a product or service for a customer. Because there are many ads on these pages, you need to make sure that your ad is eye-catching for your readers. Here are some helpful tips for running a classified ad in a newspaper:

Approach your target audience

This is very crucial that your ad reach your target audience. General newspapers can provide you a wide range of potential buyers, but this is very essential that you should place an ad in a niche publication to ensure that it will attract the right prospects. Since print media can be executive to advertise, you need to be very careful about the decisions you make. Working with a marketing agency is best for you. Through this you can get the freedom and insight in publishing effective newspaper ads.

Acknowledge classified section

The classified section in a newspaper is actually very cogent in advertising your ad. Although the pages are full of mini ads, readers are familiar with this section and turn to pages when they need specific information.

As you consider this section, ask yourself the following questions:

• How big is the classified section?
• What is the price for publishing ads here in the post you use?
• Who is your competitor?
• What category does your ad appear in?
• Do you need payment by word or line?
• Are bold headlines, cap locks, colors and borders allowed?

Select best publication

Choosing the right publications will help you in saving money, time and also energy on newspapers that do not work for your product promotion. Some newspapers and magazines are read by your target audience, and these are the king for you and you should use. You should also consider the cultural extent of your audience.

Does your business offer services all over or only in a specific region? It is not right to invest a significant amount of money to post your ad in a state-wide publication, while a small selection of audiences can buy from your store or access your services.

My mother always tells me, even to this day being a grown adult, ‘there is a time and place for everything.’ And it couldn’t be more true, queue the rolling eyes and why is she always right face. Times have changed and are increasingly so, it is time to take care of our futures and that of our upcoming generation.

Our kids may not understand all the gist of it right now, but having something of physical value is as important as having it in a bank account or investment offshore somewhere.

So how do we know where to put our money? In a gold brick of course, but if you’re like me who isn’t exactly rolling in the bling, then a couple of gold coins and bullion https://en.wikipedia.org/wiki/Bullion will suffice.

Gold, besides being all pretty and shiny which is what appealed to me in the first place much to my husband’s disgusted expression, is the fact that its value seldom goes down, and essentially increases when the stock markets plummet to the ends of the earth making a large chunk of the population cry and crawl under the covers.

So why gold of all things? Let’s take a closer look.

What is gold and why is it so sought after?

Most people may not realize but gold was first found in its native form of nuggets and flakes, not these perfect rectangle gleaming bars we like to think of that we see in the mobster movies.

Because this precious metal does not corrode or tarnish, it was for hundreds of years, and for sure still in some aspects in today’s society, regarded for those of royalty and portraying an ‘immortality’ of sorts above those less fortunate. The wealthy and upper class of social hierarchy was where the ‘gold shine’ was empowered.

We all have our reasons and opinions on the matter, some backed up by literal pieces of gold (any donations going?), so listen to what others have to say in this blog about why gold is still so valuable and get a different perspective on things, facts you might not have considered before.

4 Amazing facts about gold you probably didn’t know.

• Malleable. This metal is extremely malleable, meaning it can be hammered or ‘extended’ by the means of a roller or ‘outside influences.’ So much so that a mere ounce can be flattened into a 30×30 foot single sheet.
• Timeless. No condition is too harsh for this material, degradation by air, any acidic conditions or substances, or even moisture, and its resistance levels are through the roof.
• Ductile. Because it is so soft and manageable, one ounce has been known to be stretched and thinned out as far as 50 miles. Now that is some wire I wouldn’t mind getting my hand son, am I right?
• Rarity. A 69-foot cube is all it would take to house all the gold ever mined since the dawn of time, this shows us not only how scarce it is but why the value is never-ending even after all these years.

So you want to get on the gold train but not sure how?

When it comes to putting our money into something we want to have the surety that it’s not just a black hole and we are unlikely to see those funds again, and this is where doing your homework comes into play.

Many companies out there will offer you the world and the ‘best deal,’ but if you haven’t looked into it and done the research you are probably going to be taken for a financial ride. Boo. This is the last we want to happen.

To give you a leg up as they say and steer you in the right direction when it comes to all things gold, then be sure to have a look at this review on a company not only looking to help you get your step onto the investment ladder but one that comes with a reputable and reliable quality of service you deserve.

You want peace of mind, to know your asset value is going to hold when all else fails on the FTSE, and having your money integrated into gold is the best option for your security.

Make the investment now for ‘your’ future and your children’s future, and may it be a prosperous one.

 

Having and maintaining a business in the time of the coronavirus pandemic is the most challenging thing owners have come across in this lifetime.

The numbers aren’t quite encouraging to look at these days, but there are ways to get the small businesses ashore through the crises. Sometimes this involves also having to fill for bankruptcy, but there’s a long way to go and a lot of means to protect the business until that point.

Let’s go through the most important and likely ones:

Create a plan.

Creating an emergency plan, or accessing a previously existing one, is a must right now. It will help you and the company outline the steps to take if an event such a pandemic has an impact on the business. A plan will also underline the measures to take to protect the employees.

Securing liquidity may be an important part of this plan, and should be done as early as possible.

Communicate with all the employees.

Speaking of the employees, communication with them is one of the most important things to do when there is a crisis such as this. Health and job concerns are on the top of the list, as insecurity is roaming in different industries. And is equally important to keep posted managers and other workers alike.

There are lots of ways to have the employees updated and assured – and companies use emails most often.

Have them work from home.

Wherever the case, allowing the employees to work from home would hugely benefit both them and the company. Either is a new or an already established procedure, people will adapt fast – if they haven’t done it yet.

In most cases, the work equipment can be brought home from the office or job place, and other technologies, like phones or reliable Wi-Fi, are within a reach in most of the cities.

Sign up for relief, bailouts, benefits, whatever the case.

Governments in many countries are passing legislation to help small businesses and individuals to get over the crisis. Either bailouts, federal relief, or other forms of helping, you should strongly consider applying to, when needed. That means disaster loans, tax credit, tax deferment.

There are maybe millions of applications worldwide for such relief programs, so the system must be working.

Try to avoid bankruptcy.

While we all want to take small and decisive steps to improve the situation, keep in mind that avoiding bankruptcy is a target for many companies. There are several ways to keep the business afloat, like renegotiate contracts and reduce staff costs, collect outstanding cash, improve productivity, and also try to look pas the pandemic. While many of these advices may sound well on the paper, they are valuable steps to take trying to avoid getting in the next phase.

If needed, fill for bankruptcy.

OK, for some businesses getting to bankruptcy may be the final solution. In this case, it is vital to know how to file bankruptcy. There are some steps to take when filling for bankruptcy. If all is done properly, there will be light at the end of the tunnel.

After collecting the documents, then follows analyzing debts and determining eligibility, deciding whether to redeem, reaffirm or surrender the assets, filling the bankruptcy forms, taking credit counseling courses, meeting with the bankruptcy case trustee and, finally, receiving a discharge from debts.

What to know and when to fill for bankruptcy.

To know when to call for this decision is not something quite definite, but rather it depends from each case to another. But if you think is the right moment, just call a lawyer and have the process started.

Just keep in mind that filling for bankruptcy doesn’t mean closing the business, but the contrary. It is not the end of the financial life, so a decision like this you have to make it count. There is life after the coronavirus pandemic crisis both inside and outside the business.