Author: Complete Controller

Can you learn to start a business or become a leader? Yes, the capabilities that make up the whole of entrepreneurial talent can be improved. Thanks to the heads available in the market and the amount of bibliography that exists today, there are many possibilities to learn. 

For them, “the most important thing is that what you are going to undertake drives you crazy. That passion is the driving energy that keeps you connected to the project all the needed hours. Enthusiasm and faith in the project are indispensable because setting up a new company is difficult. It takes a lot of effort and requires patience, and the fruits arrive when they arrive, and usually, they make you wait. “

Passion and the ability to enjoy are fundamental factors of entrepreneurial talent. The process itself should not be any game, but it must be something you want to experience, learn, achieve, and even make mistakes.

Passion for Entrepreneurship

This passion leads to entrepreneurship becoming a motivation that guides you and gives you the ability to act and the energy to move forward.

Adequate training and review of the existing bibliography should support finding the right way to apply your talent. Learn to use the specific type of intelligence aimed at solving problems creatively.

Much of today’s managers’ training includes coaching programs to improve the application of that emotional intelligence to the set of knowledge you have and commitment to the objectives.

The process of the undertaking cannot be based solely on the business idea. It must rely on the person or the entrepreneur. The person is the factor that must be developed exponentially to control the chances of success. You will not have all the elements of talent from the beginning, but you must continue working on your gaps through learning, development, and personal growth applied to your commitment to the project.

The learning course does not end at any time; it continues throughout life as an open process of constant improvement.

Successful Entrepreneurs

Some have managed to focus their design training on entrepreneurship. “We put a lot of effort into designing a user experience focused on the fact that just entering, he thought the product was made for him.” The vision of the two young entrepreneurs to whom Pinterest (the booming social network to share a digital image cork) has bought its startup and incorporated its team in San Francisco.

These two young people are an excellent example of how a good business idea can be conducted with effort and motivation even if you do not come from the business world.

For the creators of Icebergs, this demonstrates that two ordinary guys from Barcelona can go to San Francisco. Sometimes, we make ourselves small. “Do not let others have to come to convince you how great you are.“

Admit What You Do Not Know

The most popular myth about entrepreneurs is that they do not admit what they do not know and are often arrogant. However, genuinely successful, self-made entrepreneurs do not have such habits. They pay attention to their goals and are always busy streamlining their issue to make the best stand out in the market as an honored business owner. Most entrepreneurs of such type admit that they know nothing at all.

Excessive research about their business, market, and potential clients’ requirements will help business owners get what they do not know. If you have meaningful and timeless success, you must gain experience for this. Suppose you do not eat a rotting apple; how will you see the sweetness of a fresh apple? Always keep this fact in mind and strive to manage all criticism you face immediately. The best example of this is the ongoing criticism of Creative Live.

Learning how to get leadership to proceed further is the popular advice of the famous author Richard Branson. You can achieve remarkable success from scratch with a high credit score. Your credit report explains your on-time debt payment, eligibility for getting a loan of any size, and loyalty towards your business and customers.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

When starting a business, deciding where the capital will come from is crucial because of its implications for financial projections.

Entrepreneurs are continually confronted with deciding how to fund the activities and development of their organizations. Do they obtain more cash or look for other outside financial specialists? Choices include numerous components, including how much obligation the organization has on its books, the consistency of the organization’s income, and how agreeable the proprietor is in functioning with accomplices.

With value cash from financial specialists, the proprietor is assuaged of the strain of complying with the time constraints of fixed credit installments. Notwithstanding, he must surrender some control of his business and regularly talk with the financial specialists when settling on meaningful choices.

To increase your chances of success, develop a business plan that defines your business objectives and how you plan to achieve them. If you request external financing at any time, it will also be the document that offers essential information about your company to your investors or lenders.

You may have an initial capital to contribute, but that is not enough to start operations or grow your business. It is the moment you will find yourself before deciding what kind of financing to look for.

Your options are limited to seeking the help of family or friends, whether they lend or invest as partners or in financial institutions through credit cards or bank loans.

Types of Financing

If you go to the banks, they will offer you two types of financing: through capital or debt. Both have advantages and disadvantages representing opportunities for your business or significant risks, so you must know how to differentiate them.

Debt

It is the financing you can access through loans from people or banks. They are subject to interest, and they will have deadlines and fixed payments, regardless of the behavior of the business.

Capital

In this case, whoever offers you the money, whether individual investors or financial institutions, expects to have a share of future earnings and shares the risk of bankruptcy.

Sources of Capital

In each financing type, diverse sources of money can be presented.

For example, in the case of capital, the funds may come, in addition to your savings, from loans made by people who are enthusiastic about your idea, trust in your business plan, and are willing to risk their money. They can be friends, family, angel investors, or partners.

If it is the debt itself, the money can come from banks that offer you credit cards, commercial loans, personal loans, or relatives and friends who provide you their funds as a loan, hoping you pay them with a loan performance.

Factors to Consider

To make the best decision, depending on the stage your company is in. There are essential factors in each case.

If you opt for debt:

• The control of the business will remain totally in your hands.
• The lenders will not interfere in your business decisions, nor must you answer to anyone.
• All the utilities will correspond only to you. You will not have to share them with the lenders.
• You must be punctual in your payments to not damage your credit history or personal relationships with friends or family.
• Interest rates, depending on the type of loan, can be onerous.
• The terms of the loans can be concise concerning your financial planning.
• Fixed payments can affect your cash flow when you spend the money on more productive things within your business.
• Before financial institutions, you may have to leave your house or other property as collateral, putting it at risk of losing it.

If you opt for capital: 

• Company Stage: Assess the stage your company is in to determine its readiness for capital infusion and the specific needs associated with its current growth phase.
• Control and Ownership: Consider how much control and ownership you will relinquish in exchange for capital and how it will impact decision-making processes.
• Investor Expectations: Evaluate the expectations and requirements of potential investors, ensuring alignment with your long-term goals and values.
• Financial Structure: Analyze the potential impact on your company’s financial structure and balance sheet, understanding the implications of taking on equity financing versus other forms of capital.
• Market Conditions: Consider the broader market conditions and investor sentiment, as these factors can influence capital investment availability and terms.
• Risks and Rewards: Thoroughly weigh the risks and rewards associated with accepting capital, balancing the potential benefits of accelerated growth and expansion against the dilution of ownership and increased accountability to stakeholders.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Most people think investing in something is limited to buying bonds and stocks. Which packs many risks as nobody relies on a stock market for a stable income.

So, if a person wants to avoid any investment that trades through a broker or an online broker? Only some excellent substitute investment opportunities are worth giving a try. Some of these business ideas can be highly profitable.

Before investing, the first thing a person needs to focus on is to stay away from scams and get-rich-quick schemes. A person needs genuine investment plans that may take some time but will prosper after a while. 

Below is a list of five alternative investment ideas besides the stock market.

Peer-to-Peer Lending

Peer-to-peer lending is a new concept. These online services offer all sorts of loans to people in need. Once the borrower is eligible for the loan, they will get a loan funded by ordinary people willing to lend to others.

In this process, there is no bank involved. Money is combined with other investors’ capital, and all investors will make a loan to that individual asking for a loan. The best part about this is that the rates are higher than anyone can find anywhere else. Most people get double-digit returns from the interest and the fixed payment that a person will get monthly by investing here.

The only risk involved here is that a person might end up loaning to someone who may not have been able to get a loan from a bank or, for some reason, cannot go through old-fashioned loan outlets. However, if you do not feel comfortable, there is always a choice to fund or not.

Real Estate

Investing in real estate is another great idea, allowing you to buy and own property. A person can also buy a house or an apartment complex and put it up for rent. It is an excellent idea because the returns can be decent, as a person does not have to pay in full for the property immediately. It is possible to make a down payment through bank house financing and pay the dues with the rental income.

This investment option can be availed alone, or a person can do it with a partner. Having a reliable partner with basic real-estate knowledge will help spread some risks. However, before buying property, people must ask themselves if they have what it takes to be a property owner. Like any other investment, few risks are involved, such as breaking things, accidents, people falling behind on rent, etc. A person may hire management companies to handle such issues, but it will cost more.

Gold

Investing in gold is another great idea for a person without the risk of losing their money. However, getting a respectable profit from gold can take a long time, as it is a long-term investment.

Owning Your Own Business

A person can always use their money to invest in their own business. This type of investment can produce significant returns. It can also flop and end up failing.

A properly planned business often produces a decent, steady income and grows with time. A person can put part of their money into a business and invest the rest elsewhere to divide the chances of success and failure. Another way is to make a part-time business plan, something a person can do after work and on weekends. That way, people can keep their day jobs and make extra money.

Equity Crowdfunding

If someone is not entirely comfortable owning their own business, they can always invest in someone else’s business. Many new start-up companies often need money in exchange for shares of their companies on equity crowdfunding sites. Buying shares from a company means that now a person owns a part of it and will be rewarded if that company prospers. The only risk involved is that the investor will lose their money if the company fails. However, a person can put their cash into equity crowdfunding by starting with as low as a few hundred dollars.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

We’re excited to share some fresh ideas with you! Remember that their success will vary depending on your location – whether in a bustling city or a quiet countryside. Our main goal is to inspire you to think creatively about each idea. Take your favorites and brainstorm ways to make them even more innovative, eye-catching, and profitable.

Don’t be afraid to venture outside the norm and explore unconventional ideas. Challenge the status quo and create something truly unique and original. It may seem daunting, but we believe in you – give it a shot!

Let your imagination run wild, and don’t limit yourself. With a little effort and ingenuity, you can make your business dreams a reality. We can’t wait to see what you come up with!

If you manage to develop a good idea, you might think the following.

Work Online From Home!

Is it possible to work from home? Is it a dream that can come true? Can you earn enough money to live, cover your needs, and more?

Indeed, the answer to all these questions is “YES,” it is possible to transform that dream into reality. Many in the world are already doing and enjoying. Thousands of people are doing it right now, and you can be one of them. It does not matter your situation, no matter how old you are.

New technologies have made it possible, and we are not discussing unattainable technologies. We refer to the fact that a simple Internet connection, a personal computer, and some excellent work-from-home offers in the market are enough to undertake a business to earn the money you need to live and much more.

Sell GPS Locators for Satellite Tracking of Valuable Objects and People

Businesses are already manufacturing small chips or devices for tracking and locating objects based on satellite positioning technology GPS (Global Positioning System). The system offers the exact coordinates of the vehicle or object, with a margin of error of 10 to 15 meters.

These devices are expensive now, but they are still a worthwhile investment to protect high-value objects such as cars, paintings, jewelry, and electronic devices such as plasma televisions, notebooks, and even people to avoid kidnapping relatives of people.

Win Money Investing in the Forex Market From Your Home

Anyone with business anywhere, from home, with a computer and an internet connection, can make transactions, buy or sell currencies, and earn profits in the Forex currency market.

As you have read in other articles on our website, Forex is a foreign exchange market in which you buy or sell currencies to profit from fluctuations in each other’s values. It is the largest financial market globally and an effective option to consider if you are looking for high-return investments.

Rent Inflatable Castles, Ball pools, and Annexes

Rentals of inflatable castles and annexes for children’s parties are straightforward business ideas of rapid diffusion and growth.

Imagine that you rent your castle for the first time on a birthday attended by 10, 20, or 30 children (it may be the son of a relative, friend, acquaintance, or neighbor); if your service, price, and treatment.

With the client, they are excellent; you will have 10, 20, or 30 new birthdays (those of the children who attended the first one) and 10, 20, or 30 new children every birthday! That simple.

Why? Each child will want that inflatable castle on their birthday to receive their classmates and have fun with them. Their parents will ask your first client how the service is, how many hours he rents it, at what price, etc. If you know how to take advantage of this opportunity to provide excellent service, you will have many calls requesting your castle very soon.

Conclusion

In conclusion, these diverse online work-from-home ideas are designed to ignite your creativity and empower you to explore unique opportunities tailored to your circumstances. While success may vary based on location and individual factors, the goal is to inspire innovation and encourage you to think outside the box. Embrace unconventional approaches, challenge the status quo, and unleash your imagination to create something exceptional.

With determination and ingenuity, whether selling GPS locators, delving into Forex trading, or renting out inflatable castles, there’s boundless potential to turn your entrepreneurial dreams into reality. So, seize the moment, push your limits, and embark on a journey where the only boundaries are those of your imagination. We believe in your ability to thrive in online entrepreneurship, and we eagerly anticipate witnessing your remarkable achievements as you redefine what it means to work from home.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Embarking on the journey of launching your own business is no small feat. Yet, despite the multitude of sacrifices and challenges entrepreneurs encounter, 84 percent of them express willingness to undertake the journey again. If you ponder the prospect of diving into entrepreneurship, taking some essential steps beforehand is crucial. Below, I share some top tips drawn from my experience mentoring over 1000 SCORE clients and serving as an angel investor. These insights stem from observing the practices of successful entrepreneurs and identifying common pitfalls among those who fall short.

Consider self-financing your business whenever possible, reserving funding efforts for when you can craft a compelling growth narrative. Breaking down your product or service offering into manageable components can help in the initial stages, allowing you to gain traction and valuable experience. As you navigate the complexities of business ownership, be mindful of when to enlist the expertise of professionals such as accountants, lawyers, insurance agents, marketing specialists, web designers, or consultants. This proactive approach will set the foundation for effective management as an entrepreneur.

Before taking the plunge into entrepreneurship, it’s crucial to ask yourself a fundamental question: “Why am I starting this business?” Many individuals embarking on this journey envision working from home, enjoying a flexible schedule, and having more time for themselves. However, it’s vital to dispel this misconception early on. Starting a business entails a significant commitment, often requiring more hours, less flexibility, and many responsibilities. Rather than enjoying leisurely freedoms, you’ll navigate endless liabilities and wear multiple hats simultaneously. Understanding and accepting these realities upfront is essential for making informed decisions about your entrepreneurial path.

Biggest Obstacle

You will face two of the biggest obstacles when starting your venture: reputation and money. Being a business owner has exponential returns, so the initial investment also needs to justify the returns. As far as reputation is concerned, this is an obstacle you will face when you enter the market competing against many already-established others.

What do You Need?

Business Plan

It is an essential part of any new start-up. Having a well-documented business plan that defines every aspect of your business without ambiguity would be best. Critical components of a business plan include marketing analysis, competitor analysis, product details that you will offer to the customer, industry analysis, and funding details to influence the investors.

Viable Product

If you want to make money and make significant profits from your new venture, you need to give something to the customers, a product or services that address their needs and improve their lives. The better your product will be, the more chances you will have to give your rivals competition. Your approach needs to be more consumer-centric, and that can only be possible when you spend time on research to understand their needs.

Means of Financing

It doesn’t matter how revolutionary your idea might be; your business will not get moving if you don’t have the money to back up your ideas. Before you dive into the world of entrepreneurship, ask yourself how much money you need. How much salary do you need to give to your employees? Will you invest entirely online, or do you need to open a physical store? These are just some basic questions that need detailed answers.

Most people often take a loan from a bank. However, we recommend a self-financing option to reduce the pressures of returning the money. The last thing you want for yourself is pressure from creditors.

Bottom Line!

Launching a business is undeniably challenging, and it’s natural to harbor concerns if you haven’t thoroughly considered every aspect. While everyone aspires to success in their ventures, achieving it demands patience and unwavering dedication. Without a sincere willingness to invest time and commit to your business, its longevity may be jeopardized. It’s crucial to understand that success doesn’t materialize overnight; it evolves through consistent, focused efforts toward the right goals.

Moreover, don’t let the fear of failure deter you. Setbacks are inevitable, but they often serve as invaluable learning opportunities. Embracing these lessons can ultimately propel you forward and strengthen your resilience in the face of adversity. By approaching entrepreneurship with perseverance and a willingness to learn from both triumphs and setbacks, you’ll be better equipped to navigate the journey toward your business goals.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Are you having difficulty increasing your Facebook ad’s CTR (Click-through rate)? Uncertain about how to enhance it? Getting people to click on your Facebook advertisement may be very difficult. However, if you put the right ideas and techniques to the test, the results will begin to flow.

The click-through rate is a statistic used to assess the relevancy of your advertisements. Optimizing your creatives and targeting may help you improve click-through rates, lowering your cost per action.

We did not utilize impressions while dealing with email but rather the number of messages sent. The remainder of the CTR computation will stay unchanged.

For instance, if your advertising campaigns generate 1000 impressions and 23 click-throughs, your formula will be as follows:

CTR = 23 / 1,000 x by 100 is 2.3%

The more individuals click on the links in the email, the more effective it is.

When I mention 2% account CTR, there is a chance that individual campaigns will have a higher or lower CTR. For instance, the CTR for your branded and retail ads may surpass 2%, while others may fall below this mark. A high CTR does not necessarily indicate a successful campaign. This may indicate that your account decreases the probability of individuals spending money via advertising, meaning that your client is less interested in goods or services.

According to the study, the average CTR for Facebook Ads is less than 1%, indicating significant growth potential.

CTR stands for click-through rate and is a ratio of the number of clicks on your ad to the number of impressions. This statistic is computed as the number of links clicks divided by the number of images. Thus, if you get ten clicks on a video that receives one hundred impressions, your CTR is 10%.

Facebook’s average click-through rate is at 3%. It soared to 3.41 percent in June 2023 but predictably fell to 3 percent in the following months. This is unsurprising, given that everything went online in May and June 2023, and social media became the primary source of information. As a result, it’s only logical that the click-through rate was also affected.

Utilize Intriguing Visuals

Your Facebook ad should grab readers’ attention with the proper mix of text and graphics. Visuals create a good user experience, reflect your brand’s personality (e.g., friendly, inventive, fashionable, etc. ), and encourage visitors to click.

Some pointers for designing Facebook ad graphics include the following:

Avoid overcrowding pictures with text. Although Facebook eliminated word restrictions on advertisements, you do not want to overload your ad picture with text. According to Facebook, advertisements with less than 20% of the image covered by text perform better. Therefore, keep your text brief and concise.

Utilize the proper size ratios. Each Facebook ad type has its own set of technical specs and needs. Without adhering to these guidelines, your pictures may look fuzzy or low-quality. Always double-check picture requirements (and if in doubt, use our Facebook ad sizes guide sheet!).

GIFs and videos for testing purposes. Experiment with graphics like GIFs or video advertisements to see how people react. If a specific kind of ad performs better, invest more to boost your Facebook ad’s click-through rate.

Limit Your Audience

We’ve seen many Facebook advertising campaigns targeting millions of people, but this results in poor ad relevance and low click-through rates in most cases. If your audience is too broad, your message will often be very general in trying to appeal to everyone; at that point, it will be diluted and unlikely to have a strong appeal. Additionally, as your ads get more targeted, consumers are more likely to click on them, engage with them through comments, share them with friends and family, or click through to a sale. As a result, segmenting your audience is essential for improving your Facebook ad’s click-through rate.

Posting Schedule And Frequency

Thursday and Friday’s posts get an average of 3.5 percent more attention, while Monday to Wednesday posts receive 3.5 percent less. Timing is also critical. Some people suggest publishing between 9:00 and 19:00, but I believe this is an extensive timeframe. Posting begins at 1:00 p.m. and will likely get the most shares, while posts around 3 p.m. produce the most clicks.

Ascertain That Your Multimedia Content Is Visible

As stated before, the multimedia material you employ in your advertisements should be eye-catching. One method to do this is to avoid utilizing generic stock images. Choose more natural-looking picture advertisements. Otherwise, your Facebook Ad will be ignored by your target demographic. After all, people generally resist blatant ads that appear in their newsfeeds.

As an example, suppose you offer shoes with personalized artwork and design. Alternatively, you may utilize a picture of someone wearing one of your goods. Better still, have that person stroll through the streets to give your multimedia ad material a more natural appearance and feel.

Do you need more funds to employ a model for your business? Consider enlisting the assistance of your friends to model for you in return for a nominal fee.

Present An Attractive Offer

Knowing your target demographic and creating an appealing Facebook Ad is insufficient. Additionally, you must have an enticing offer. Your prospective consumers will want to know what they may get by clicking on your advertisement.

Your offer is what will entice them to click. And this will vary according to your advertising objective.

Therefore, if you want to attract new clients to your coffee shop, you may want to offer a discount to first-time visitors. Pair this with a pertinent call to action, such as “Get a Discount. “

This is likely to increase your Facebook ad’s click-through rate (CTR) since it plainly states what your audience may get by clicking your advertisements, not to mention that you made an enticing offer.

Conclusion

CTR for Facebook Ads is one of the most discussed performance metrics. The greater the CTR, the more effectively your advertisement performs (at least in capturing your audience’s attention and directing them to your offer and landing page.).

The guidelines and methodology outlined above were created to assist you in increasing engagement and click-through rates on your Facebook Ads. They will act as a springboard and guidance for you as you work to improve the success of your advertisements.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

In April 2021, a Nevada court found David Gilbert Saffron guilty of committing ‘cryptocurrency fraud and misappropriation.’ As part of the judgment, Saffron will have to pay back $32 million to all those he defrauded. Defraud may be one of the most severe cases of cryptocurrency fraud we’ve seen lately, but it’s far from the first and won’t be the last. 

As cryptocurrency trading sees a rise in popularity across the digital world, so do scams and other cybercrime involving crypto. When cryptocurrency first rose to prominence on the internet, the Commodity Futures Trading Commission (CFTC) quickly warned against the various scams in such trading. 

Types of Cryptocurrency Scams

Several such scams are just modern takes on classic illegal schemes. For example, the CFTC warned traders about pump-and-dump schemes, where scammers would bulk buy a particular cryptocurrency while its value is low, then release false news about a rich celebrity or organization investing in it, thus increasing the price. They would sell back their stock when the price was high, netting a substantial profit. The currency would fall in value once people realized they had been scammed. 

Other scammers have posed as cryptocurrency trading outlets, inciting less informed traders to hand over their money, hoping to see profitable returns, but they never do. 

Giveaway scams have become very popular on social media platforms, namely Telegram, Facebook, Instagram, and Twitter. Scammers will post fake videos and images from well-known corporations and celebrities, encouraging people to invest in cryptocurrency. These posts will feature hyperlinks leading to websites that look like authentic crypto-trading platforms but are designed to steal your cryptocurrency, bank information, and other personal data. 

Scammers may use data breaches on official platforms to obtain personal data and information about you. They’ll then use this data to extort money, or more recently cryptocurrency, out of victims.

Some scammers conduct employment scams. They post fake job postings online to gather personal data from applicants, which they then use to steal their cryptocurrency.  

Not all illegal activity surrounding cryptocurrency trading is as complex, however. Some more insidious hackers will hack into people’s virtual wallets and steal the cryptocurrency people have accumulated. 

According to The North American Securities Administrators Association (NASAA), cryptocurrency fraud is one of the significant threats to investors right now. 

Advice From the U.S Government

Stay Informed

Scammers have been using the Covid-19 pandemic to take advantage of people. The government advises citizens to remain informed about cryptocurrency and the pandemic in general, as scammers can spread false information to commit fraud. 

If an Offer, Service, or Product is too Good to be True, it Probably is

This one might sound too pessimistic, but a bit of skepticism can go a long way in such uncertain times. Be wary of any service asking for personal information, and know who you’re sending money, gift cards, or cryptocurrency to before sending it. 

Don’t Act Immediately

Take all the time you need to assess your options and fully understand what kind of service you’re offering. A legitimate service would gladly assist and inform you if a service agent seems to be forcing your hand toward giving them your money and personal data. 

Advice from a Reputable Crypto-trading Platform

Coinbase is one of the most reputable names in the cryptocurrency industry. It has been operating since 2012 and has earned a positive reputation among seasoned and novice crypto traders. 

Coinbase advises never to give sensitive information to anyone claiming to be support staff or any other employee of a crypto-trading platform, nor should you give them remote access to your device. 

Coinbase warns its users to be cautious of anyone who asks you to send them even the smallest amount of cryptocurrency, with the promise of sending more back. Such offers are always scamming. 

Coinbase cautions users to be skeptical of offers of higher than usual returns on ‘unrealistic’ investments. According to them, it probably is if it sounds too good to be true. 

According to Coinbase, those interested in investing in any cryptocurrency should take ample time to research any platform to plan on buying through. Communicating with company staff is essential, but you should also ask other, more experienced traders for advice. 

An Educated Buyer is a Happy Buyer

With the boom the crypto market is seeing right now, it’s no surprise how many people want to invest, but there will always be those looking to take advantage of buyers. Cryptocurrency can be an incredibly lucrative investment, but you must have an in-depth understanding of what you’re getting into. Don’t be frivolous with your money. Be patient, be informed, and hopefully, you’ll see positive returns in no time if all goes right.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Welcome to Exchange Traded Funds (ETFs), where investment opportunities meet the convenience of trading shares. ETFs, or Exchange Traded Funds, represent a dynamic intersection between traditional investment funds and the flexibility of stocks. In this guide, we’ll explore ETFs’ fundamentals, advantages, disadvantages, and key considerations for investors. Whether you’re a seasoned investor or new to the game, understanding ETFs can unlock a world of potential in the stock market. Let’s dive in and discover the power of ETFs in shaping your investment strategy.

What are ETFs

ETF stands for Exchange Traded Fund. ETFs are publicly traded investment funds that behave like shares. They can be bought and sold anytime during the stock market session.

Like the shares, their price varies throughout the trading session. In that sense, they are a mix between stocks and investment funds. The objective of the ETFs is to replicate some equity index of equities, fixed income index, raw materials, or any other.

Therefore, a single purchase copies a whole index, obtaining excellent diversification for very little money and straightforwardly. As I told you, ETFs are products very similar to mutual funds. The main differences between these and the funds are taxation and existing rates, something I will tell you later.

Advantages of ETFs

Diversification

As I have already mentioned, when you buy shares in an ETF, you “buy” an entire stock index. So, if you choose one replicating the IBEX 35, you automatically purchase shares of 35 companies at a stroke, obtaining spectacular diversification.

On the other hand, ETFs also allow you to invest effortlessly in unknown or emerging countries to diversify geographically. With a well-built portfolio, your diversification will be maximum.

Low Commissions

Despite being very similar to investment funds, ETFs charge low management fees. You can even find ETFs that charge a ridiculous 0.10% annually on your money. Costs are essential when determining profitability, so this aspect is a clear advantage of the quoted funds.

High Liquidity

Like the shares, the ETF has excellent liquidity, especially if referencing an essential primary market.

They are Effortless to Acquire

There are many different ETFs; most can be purchased from your bank for a lifetime. It is as easy to buy ETFs as stocks or investment funds. Of course, before buying, you must always be sure of the broker’s commission since banks like Santander or Caixa charge much more than banks like ING.

There is No Minimum Investment Amount

Some funds require a minimum of money to invest, not like ETFs.

Of course, buying an ETF implies a commission, so if you make a purchase that is too low, the commission loss will be excessive.

Investment genius Warren Buffett has recommended that his wife invest all his money in ETFs when he dies because of their simplicity and profitability.

Disadvantages of ETFs

Although ETFs are a perfect option, they cannot be all advantages. I don’t have an ETF in my investment portfolio; I have funds.

Diversification Has a Price

Buying the entire desired index comes at a price, and good and bad companies are accepted.

If you buy shares individually, you can choose exactly where to put your money, while if you buy an ETF, you can only choose the index and eat some companies you do not like, which may involve obtaining less profitability for your money.

They Tax as Actions

Investment funds have a significant tax advantage; you can rotate them without paying taxes. On the other hand, ETFs have the same treatment as shares, so if you sell, you will have to pay capital gains taxes. It has bought-and-sold commissions. It is the main reason I have funds and not ETFs, along with the worst taxation of ETFs regarding funds.

Conclusion

In conclusion, Exchange Traded Funds (ETFs) offer investors a unique blend of accessibility, diversification, and flexibility in navigating the stock market. As we’ve explored the fundamentals, advantages, and disadvantages of ETFs, it’s evident that they present a compelling investment option for both seasoned investors and newcomers alike. With the ability to replicate entire stock indices, achieve diversification effortlessly, and benefit from low commissions and high liquidity, ETFs provide a gateway to a world of investment opportunities.

However, it’s essential to consider the potential drawbacks, such as limited control over individual stock selection and taxation implications, when incorporating ETFs into your investment strategy. Ultimately, understanding the intricacies of ETFs empowers investors to make informed decisions and unlock the full potential of their portfolios in the dynamic landscape of the stock market.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Starting a food processing business is no easy gig; it requires much hard work and management. It is no secret that with the change in the economy, the food processing and agriculture business opportunities are on the verge of revolving. The process of updating the whole food chain has already begun. According to recent research, total food production will likely double in the next 20 years. Keeping that in mind, here are a few decent food-producing business ideas that are worth considering.

Starting a Bakery Business

The bakery business is the most extensive commerce in the food processing region. In recent years, bakery products have been ruling markets and are highly in demand. Starting a bakery is considered one of the most profitable businesses to set up in either a rented or owned space. If a person wants to start a thriving food processing business, opening a bakery is undoubtedly a worthy option.

Making Banana Wafers

Banana wafers are “under-ripe bananas cut into slices dipped in syrup solution. “Later, they are dried in the oven and fried. Wafer bananas are highly in demand and are sold on both export and local markets.

Making of Biscuits

Even though the biscuit-making business is considered small-scale, it is undoubtedly very profitable because most people still enjoy a freshly baked biscuit, way more than factory–made ones. A person can quickly start this food processing business, even with small capital.

Starting a Bread Production

Quality bread is an excellent source for adding extra carbs and fiber to the daily diet. Properly baked bread is a product that will never go out of style. Even though many new brands provide factory-made bread, fresh quality bread will always be in demand in urban and suburban areas. The best part about starting a business is that bread-producing is simple, uncomplex, and can start with small capital.

Cashew Nut Processing

The primary manufacturing processes required for cashew nut processing are cutting, cell cooking, drying, peeling, grading, and packing. For a person looking for a profitable business that requires small machinery and capital, cashew nut processing seems like the perfect choice.

Cheesecake Production Business

Cheesecakes are easy to make and only require a short list of ingredients, such as sugar, cheese, flour, wheat, eggs, vegetable oil, salt, strawberries, artificial color, essence, etc. These cakes are versatile and come in many different flavors. If someone wants to start a small business, creating a cheesecake-making business is worth a shot.

Chocolate Making Business

The manufacturing procedure of chocolate varies according to the type of chocolate a person wants. The taste of chocolate will also vary based on its ingredients and production methods. The chocolate-making industry is one of the most money-making food processing businesses a person can do.

Coconut Powder Milk Production 

The coconut milk powder-making business has excellent market potential across the globe. Another fantastic fact about coconut milk powder is its long shelf life, which can last long. The coconut food processing business is profitable for new starters and entrepreneurs.

Coconut Oil Manufacturing Business

For decades, coconut oil has been used as a healthy cooking agent. In addition to cooking, coconut oil is used to make bathroom and laundry soaps, detergents, hair tonics and products, hair oil, and cosmetic products.

Conclusion

In conclusion, venturing into the food processing industry demands diligence and strategic management. With the evolving economy, food processing and agriculture opportunities are ripe for innovation and growth. As recent research indicates a potential doubling of food production in the next two decades, aspiring entrepreneurs have a wealth of promising business prospects to explore. With careful planning and execution, individuals can tap into these lucrative opportunities and contribute to the dynamic landscape of the food processing industry.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

With time, social media has taken its toll on almost everything a person does today. The rise of social media has been so inspirational that it has caused people to switch their businesses to online stores. Nowadays, having an occurrence on social media has become everyone’s necessity instead of a choice. Undoubtedly, social media provides an excellent ground for online businesses and is also a valuable tool for an HR professional. Over time, more HR professionals have begun to use social media to connect and find new talent for different positions and purposes.

HR professionals can utilize social media in multiple ways, some of which are below.

Acquiring New Talent

By correctly utilizing the power of the platforms provided by social media, HR professionals can quickly enter a large pool of applicants. Social media platforms will allow HR professionals to post job vacancies on company pages or even on different public groups. It will also help in spreading the word about the new job position. Social media also allow HR people to view candidate profiles and their random activities before calling them. Social media will let a recruiter know candidates and their views regarding their personal and professional lives.

Employer Branding

With the help of social media, human resource personnel can utilize present and past employees as brand ambassadors. It can also use social media for promotional purposes regarding a brand, such as creating social media groups to share the company’s best accomplishments and undertakings. It can also use these platforms to post promotional images, videos of the company events, company culture, success stories, etc. 

Employee Engagement

Social media has fantastic potential for keeping people engaged; HR professionals can use a social media platform to create in-hour forums that employees can use to communicate, share ideas, and collaborate. It can also use such discussions to express concerns and give logical suggestions regarding the improvement of the organization.

Through such random suggestions and conversations, HR professionals can better understand their employees‘ issues and address them adequately. HR personnel can also take advice from employees regarding company policies and improve them accordingly. Such activities allow employees to participate and discuss company policies, making them feel more responsible for the outcomes.

Productivity Enhancement

Human resource professionals can also utilize social media by asking senior and experienced employees to write company forums about their careers and work. They can use these HR blogs to post company policies, announcements, promotional events, appreciation programs, etc.

Employee Communication

Another handy use of social media, especially for big international firms, is that it will allow employees to communicate better with each other across the globe. Sharing videos and images on social platforms will help employees better display their motto rather than exchanging emails like old times.

Monitoring Employees’ Activities

HR professionals can also use these social media platforms to monitor employee activities. Using Twitter will allow HR people to see the employee messages they are posting, and following them on Facebook and LinkedIn will allow them to monitor their daily activities. However, to properly implement this, a robust social media policy must be a form that is entirely relevant and up to date based on that company’s policies. Also, any debating or controversial conversations need to be avoided at all costs.

Conclusion

In conclusion, social media’s pervasive influence has transformed not only personal interactions but also professional landscapes, particularly in the realm of human resources (HR). As businesses increasingly shift online, social media platforms have become indispensable tools for HR professionals seeking to recruit talent, enhance employer branding, engage employees, facilitate communication, boost productivity, and monitor activities. 

By harnessing the power of platforms, HR professionals can tap into vast pools of potential candidates, effectively showcase company culture, and foster a sense of community among employees. Social media not only streamline recruitment processes but also serve as vehicles for promoting organizational achievements and facilitating open dialogue between employees and management. 

Moreover, monitoring employee activities through social media enables HR professionals to maintain awareness of their workforce’s online presence while ensuring compliance with company policies and regulations. However, it’s essential to implement robust social media policies that balance monitoring with privacy rights and ethical considerations. In essence, social media offers HR professionals a multifaceted toolkit for fostering a dynamic and thriving organizational culture in the digital age.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.