Mohit Tater's Blog, page 544

Learn the 7 Forces of Business Mastery from Successful Entrepreneur Tony Robbins

As an aspiring entrepreneur, there is so much you can learn from the respected entrepreneur and best-selling author, Tony Robbins. Tony is a believer in constant evolving, improvement, and adding value. He is driven by a passion to make others succeed. In his book, The 7 Forces of Business Mastery, you will get to learn the vital factors that are affecting your business at the moment, so that you can refocus and re-strategize to stay competitive in any economy.  You have got to manage these seven forces consistently to grow.

Many startups do not make it past the first year, while 96% of businesses do not go on after a decade. The reason why businesses are failing is because there is a lack of simultaneous continuous improvement in many areas of business, making it difficult for them to compete. Even though entrepreneurs possess some core skills, lack of proper marketing skills causes failure. Even some business people with excellent marketing skills can end up making poor decisions which ruin their businesses. Below are the seven forces you can use to transform your business.

1. Creating a business map

Be honest about where your business is; do not describe it as better if it is not so. Secondly, know where you want to be. All businesses have a life cycle. There is the toddler stage where the business is not yet on its feet, the prime stage where it is taking off, and the aging stage. Determining where you are will help you get clear on where you want to be. 

2. Strategic innovation

To succeed in business, uniqueness is critical. Why do your clients prefer you to other competing businesses?You should be meeting the needs of your clients better than anyone else in the market. Innovations will keep you ahead, as long as they are strategic. Over-innovating without a solid plan about how your creation will make an impact will kick you out of business.

3. Strategic marketing

You will not succeed if you have an awesome business that nobody knows about. You need a world-class marketing plan that gets your business in front of as many valuable leads as possible. Practice value-added marketing by finding a way to be in direct contact with your ideal client.

4. Consistent sales 

Marketing is not enough if you are not generating a steady growth in sales. Be rigorous about your sales process. There are various ways you can make consistent sales. One of them is to set targets of the number of prospects you want at any specific time and tracking your sales cycle. You should know the average time you take to make a sale for better planning.  Also, be on the lookout for referrals. Most importantly, always follow up on clients and be a good listener to understand what your clients need.

5. Financial and legal analysis

Understand the financial condition of your business. Financial analysis involves comparing historical data with current data to draw insights on the financial health of a business.Know the real markers of progress, monitor them, and make corrective changes where necessary. Be financially literate by understanding your financial statements andcontrolling your costs. You also need to protect your business from costly litigations. Have an experienced attorney who will always make sure your business is on the right side of the law. 

6. Optimizing and maximizing for growth

This is where you create explosive growth for your company, even without making giant changes. If you learn how to optimize your business, you can grow without taking any risks. Optimization is a loop of measuring business performance and ensuring continuous improvement. 

7. Have raving fan customers 

It is not enough to have satisfied customers. You need loyalty so that your clients are not tempted to leave with the next best wave. Raving fan customers know you inside out and stick with you through thick and thin because you offer them value that they cannot get anywhere else.

Do not shrug off the small changes that you are making to your business. Slow but incremental growth is the path to achieving increased efficiency and profitability. Little progress is all you need to build a great business. 

The post Learn the 7 Forces of Business Mastery from Successful Entrepreneur Tony Robbins appeared first on Entrepreneurship Life.

Why Are Spy Apps Becoming More Popular?

Majority of the people still think that a spy app is something highly tech-savvy and is only used by detectives and military personnel on secret missions. They couldn’t be farther from the truth. With the advancement of technology, you can now track your people’s activities from your smartphone itself. https://phone-spy-app.com/ tells you all about spy apps so that you can decide which one works the best for your needs.

You don’t even have to spend hours researching the best one for yourself. Gone are the days when you had to hire a spy to follow the spouse who you suspect of cheating or an employee you think is leaking sensitive data.

When you are in the market for a spy app, make sure you buy a spy app that offers good customer service and performs regular updates. Do not download free apps that promise you big things – if it seems too good to be true, it usually is. These apps are mostly scams and will steal your personal information. Which is why going to a trusted site is important.

Remember the time when Facebook was the most popular social networking site? It still has millions of users to this date, but people now have a wide range of different social media platforms to choose from. Instagram and Snapchat seem to be ruling the current scene when it comes to most time spent by teenagers and youngsters on social media. With everyone privvy to a high-tech phone these days, kids have access to social networking sites at very early ages.

The exposure to the outside world at an impressionable age has become a sort of a problem for parents. As we know, the internet can be a dark place at times – especially for the least suspecting. Teenagers who don’t know how to filter real from a fake can easily fall prey to many things. Kids can be exposed to many things way before their age is ready to fully grasp the concept of it. This makes parents want to keep a tab on what their kids are doing online for their own safety.

It becomes the parent’s job to take matters in their own hands. If Their kid is a preteen, then it becomes more important. With all the security features like fingerprint locks and face scans, the phones have these days; parents don’t always have access to their kid’s phone and kids don’t necessarily share passwords with their parents for obvious reasons, and this is where spy apps come in.

It has also become a tool for people who stay awake at night questioning their spouse’s loyalty. There are many studies that suggest that men and women both tend to cheat when things don’t work out well. Although there are plenty of ways to fix a relationship and cheating is simply unacceptable – people still choose to take the easy way out by cheating rather than working on their relationship.

No one deserves to be cheated on. To know the truth, people who suspect their spouses find using spy apps to be the easiest way to find out the truth by tracking their spouses’ day to day activities than confronting them. Hence, spy apps are used.

Final Thoughts

You can simply download a spy app on your iPhone or Android and begin tracking your kids, spouses or employees activities within a few seconds. All you will need is one-time access to download the software on your target’s phone. The spy apps will generate reports on activities like phone calls, text messages, location, etc.

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Read this Before Starting an Online Business in New Zealand

These days, starting your own business can be done entirely online. Accomplishing domain registration online has become easier than ever, add that to the multitude of good business opportunity for any start-up. In any case, starting an online business is not as easy as it sounds.

If you’re trying to convert that passion into starting an online business in New Zealand, well you can. It doesn’t have to be over-innovative or unique; you must be brave and have a good view of what’s possible. Because of the boost in internet usage across the world, it’s so easy for upcoming entrepreneurs to start a business from simple ideas. You are on the right track.

Why start an online business in New Zealand

As one of the youngest territories in the world and ripe with a multitude of opportunities, it’s also an excellent environment for start-ups of all kind and types. It gives a fantastic opportunity for young businesses especially in telecommunication, IT, food & beverages as well as electronics among different sectors in the economy. Based on the study of World Bank Doing Business Survey, the country is rated as one of the easiest places in the world to begin a business with regards to the efficiency and quality of regulation and potential market.

However, there are a few restrictions on running a business in New Zealand, but the government has made the registration process easier via online portals. The diverse culture made the country a vibrant and dynamic target for local and foreign investors.

Facts and figures that you need to know about New Zealand

New Zealand is popular for its dedication to ensure transparent, corruption-free and competitive system and its efforts to punish corruption and any form of bribery. The government is keen to protect contracts and private property rights so there is no fear for new investors.

Tax and regulations

It is vital to check all the regulations. The legal and licensing requirements for start-ups are flexible with no capital requirements plus subsidies, especially on agricultural products. Only a day is necessary to complete a business registration in New Zealand.

Your tax obligation will be the same as a business with physical stores. Create a budget for the future tax payments including the tax on goods, income tax, and services depending on the nature and size of your new online business.

The online market

Whether you are starting a new business or are looking for a way to extend your current retail store, the online market has a big opportunity for growth. With the internet linking the world today, bringing your business online allows your business to be exposed to a huge marketplace and an easy way to begin even with a limited budget and technical skills. Take the following into account to get the benefits of the online market.

Legal issues. It is vital to check the rules and regulations. You must obtain a business license, register your trademark and follow regulations to avoid being on the wrong side of the law.

Marketing Your Business. Apart from your website, you must consider other marketing options like social media marketing and marketing avenues. This helps in establishing a good online presence and create loyal online followership for your business.

Data Protection. New Zealand government requires you to protect consumer or employee data. You need an efficient measure to defend your business data against cyber-attacks that will compromise data security.

You can boost your chances of being successful in the online market by only using a web hosting provider with reliable and other important tools to get you started. It is crucial to research your target market as well and come up with strategies that make it easy for them to find you and acquire your products or services.

Now you have the primary information you need to start or open an online business in New Zealand. Keep researching and only commit when you’re ready.

The post Read this Before Starting an Online Business in New Zealand appeared first on Entrepreneurship Life.

Q&A with Sheldon Barris, Toronto Lawyer, President of Jorlee Holdings, Ltd.

Sheldon Barris is the founder, owner and president of Jorlee Holdings,
Ltd., a Toronto company that provides funding for construction and development
projects for clients who don’t qualify for financing from banks and other
traditional lending institutions. The many projects Sheldon and his team have
funded include View Point Estates, located in Bradford, Ontario.

As a leader in the lending industry, clients
have come to rely on Sheldon Barris for
his customer service, ethics, and discretion. 
Despite the substantial growth of his business, Sheldon has maintained a
small, professional and knowledgeable staff in order to continue providing clients
with the personal service they’ve become accustomed to.

Sheldon Barris, a graduate of both the University of Toronto and Osgoode
Hall Law School, has a dual background in law and finance. He established his
first solo law practice not long after graduating from law school. Months
later, he was recruited by no less than Sheldon Esbin, a senior partner at
Toronto’s prestigious Spencer Romberg, for a junior position at the firm.
Realizing a great opportunity, Sheldon closed his practice and spent the next
several years specializing in real estate, finance and corporate commercial law
at Spencer Romberg.

In 1992, when Spencer Romberg was dissolved, Sheldon started his own new
law firm, Sheldon Barris Barrister, along with a new lending company called Jorlee
Holdings. As Jorlee began demanding more of his time, Sheldon withdrew from the
Law Society of Upper Canada and devoted himself fully to construction
financing. Since its founding, Jorlee has continued to experience dramatic
growth, going from $5 to $10 million in annual revenue to roughly $150 million
to $200 million today.

Sheldon Barris has also been very active as a philanthropist for many years, supporting a wide
and diverse range of charitable and faith-based initiatives both in Toronto and
around the world.

Your career, both in finance and
law, has been on an upward trajectory for decades. What’s your secret?

Sheldon Barris:   I
don’t think it’s as much of a secret as it is a rule of life — and that is
being loyal and fair to people.  You may
make less money in the short term, but in the long term, it pays off to be fair
and loyal to all people.  In my business,
that includes brokers, borrowers, etc. 
It’s important to never become overly greedy.

How do you lead your team?

Sheldon Barris:  I lead by involving everyone.  I
always try to think of a win-win for everybody, instead of taking advantage of
people.  I am a solution-oriented
thinker.  While it’s obviously important
to make financial rewards, I don’t reap those benefits unless it’s a win-win
situation for my entire team. Otherwise, I try to stay away from situations
that don’t involve my team winning as well. 
In my business, I do finance that provides a service for people where
the goal is for them to become successful as well, not just me reaping the
benefits.

What gets you out of bed in the
morning?

Sheldon Barris: What gets me out of bed in the morning is
being in the business to make a difference in peoples’ lives.  The work that I do makes a difference because
the people who invest money with me enhances the quality of their lives.  And the people who I lend or do financing
for, it also improves the quality of theirs. 
In turn, I take the money that I make and apply it to charity. I enjoy
doing philanthropy work and making generous donations to good causes.  Making money certainly helps to facilitate
supporting the causes that I’m passionate about.  Ultimately, I live by the rule that you
should be generous to people.  That’s
what really inspires me.

From your experience, is
leadership in the legal world different than in the financial or lending
environment?

Sheldon Barris: Yes. 
They are two different situations. 
As a lawyer, you are adding skills from a legal standpoint to the business
transactions that are being created or in the process of being created, but
you’re not really adding business savvy to those.  You are, more or less, trying to complete
transactions in the four corners of the law and adding legal input.  The lending environment, however, is strictly
creating transactions that would in turn require the service of lawyers.  I’m not minimizing the work that lawyers do,
but lawyers are more instrumental in finalizing the business transactions that
we do behind the scenes.  So they require
two different areas of expertise.

You’re very altruistic. Why is
it so important to support all the organizations you do?

Sheldon Barris: 
Because my Jewish faith is so important to me, I choose to contribute to
a lot of Jewish and Israeli related causes. 
That doesn’t mean I don’t want to support all causes. For instance, I’ve
been involved with the Canadian Cancer Society and the Alzheimer’s
Association. 

Overall, I don’t believe it’s how much money a person makes that defines
their character; I believe it’s what they do with their money that defines
their character.  I believe contributing
to society, getting involved with charitable causes and helping people in
general is the best route people with resources should follow.  There’s nothing wrong with having a material
enriched life, but if that’s what defines a person – that’s not what defines
me.  What defines me is the good causes I
can support with the money that I earn. 

Outside of work, you enjoy
sports and traveling the world.  Why is
maintaining balance important to you?

Sheldon Barris: I don’t live to work.  That’s for certain.  I do work very hard, but I don’t live to
work.   Further, my work doesn’t define
me.  Yes, it’s what I do with my life but
it’s only a part of it.  I take my
parenting more serious than anything.  As
a single father, although my children are older now, being a good parent has
been one of my basic goals in life. 
Outside of work, I do a lot of traveling.  I enjoy going on hiking expeditions and also
skiing.  One thing is for certain,
although I work hard, I don’t get satisfaction out of being a workaholic. 

What
social causes are you passionate about and why?

Sheldon Barris: I’m most passionate about helping the state
of Israel because I think it’s instrumental for the survival of the Jewish
people.  But I’m also interested in doing
work for Middle East peace and that’s because of my faith.  I’m interested in humanity in general. I’m
not restricted or limited to Jewish causes. 
I hope over time to provide more funds to cancer research, alzheimer’s
research and the Red Cross.  All charity
is good charity and I wish I had unlimited funds to give to every charity out
there. 

The post Q&A with Sheldon Barris, Toronto Lawyer, President of Jorlee Holdings, Ltd. appeared first on Entrepreneurship Life.

A Guide to Selecting Key Personnel for a Crisis Communication Team

More and more business owners are realising the benefits of planning for a crisis, when you consider that a business reputation can take many years of hard work to create, yet it can be destroyed in a matter of hours, should an unexpected crisis be dealt with badly. Crisis communication planning means you already have prepared the right responses for a wide range of scenarios, should they ever occur. If you have decided the time is right to take precautions against an unexpected crisis, here are a few key players you need to bring into your team.

The CEO – The person in the driving seat should head the team, as they are ultimately responsible for all external communication. Once the team has been chosen, invest in some professional training in crisis communications planning , which will be money well spent.



PR Head – Another personnel, the head of your PR team would have the experience to be a key player, as well as being the person who oversees all direct and indirect external communication. This person might also be the company spokesperson, or would delegate that responsibility to team members. It is vital that they are involved in developing communication strategies for a range of scenarios.



Company Lawyer – Essential, as he or she can verify that statements are in accordance with the law, and omitting a legal expert could have serious consequence in the event a statement is released without close scrutiny. People are happy to sue whenever they feel their good name is under threat. The greatest of care must be taken when issuing statements. There is a great article online that examines the primary roles of a crisis communication team , which will help you gain a better understanding of what is required so make sure to refer to it.



Marketing – At least one key player from the marketing team needs to be included in your crisis communication team, as they are able to ascertain whether or not the crisis will have a negative impact on sales. The marketing specialist can gauge public reaction to certain scenarios, and their input might prove invaluable.



Cyber Security – If the crisis involves data theft, or compromise, then you really do need your cyber security expert on the panel, as they can accurately explain the potential consequences, plus explain how to limit the damage caused. Prior to making any statement, or informing affected parties of a data breach, the IT specialist can define exactly what has occurred.

If you are planning to put together a crisis communication team, you should invest in some suitable training. With affordable online courses that put everyone on the same page, you can rest assured that the goals are understood by all team members. This is essential, and should a crisis ever come along, you can minimise the damage by issuing the right statements to the right people at the right time. An online search will help you source a crisis communication planning expert who can help the team to define the parameters of your plan.

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Why Smart Home Technology Deserves your Attention

The idea of a ‘smart’ home isn’t a massive leap in logic from devices we are already used too. We rely on our smartphones every day to keep us organized and entertained; the concept of a “smart” device has been embraced by most. It has been over a decade since the first smart phones were released into the wild, and the technology has had time to mature.

With refinement in smart technology came a new idea that is poised to change the way we live and enjoy our lives again. The internet of things, or IoT, is a system of interrelated machines, computers or other entities that have a unique identifier and the ability to transmit data to each other without the need for human to human or human to device contact.

So, what does this all mean for you? In a way, you may already have the beginnings of a smart home. If your smartphone and smart TV share the same network and can communicate, say, by casting your video to the TV, then the concepts behind smart technology may already be understood.  With smart home technology, you can take this further. Imagine being able to control not only your TV, but smart lights, smart fridges, and more.

There are a few core components of a truly connected home, but you can start small and add pieces over time as you see fit. All of these devices will need to be connected on the same network. Lets go through the components of a smart home now.

Smart enables devices

These devices could be anything from smart power switches to smart light bulbs. Essentially, these devices have the ability to transmit data through a wireless network. Smart lights can be controlled through a phone app, and some like the Phillips Hue lights series can change color and pulse patterns. Other smart-enabled devices, such as the power witch mentioned above, can be used to set up automation, this is a big deal, more on that later. Anything that has been designed to communicate with a smartphone or over a Wi-Fi network with other devices can be classified as a smart device. For brevity, we will include security systems in this category.

Voice assistants.

Products like Google’s voice assistant and Amazons Alexa are clever pieces of software that can recognize the user’s voice commands. These virtual assistants are housed in a speaker allowing them to communicate back to you or play music. These voice assistants are connected to your smartphone and can help you keep organized by keeping track of your schedule, notifying you of traffic jams and bad weather. Again, these voice assistants can play a huge role in a smart home, especially when it comes to automation.

Hubs and Networks

Hubs are a device that allows all of the smart-enabled devices to converge into one easy to understand place. Google’s imaginatively named “Google Home Hub” is a fine example of such a hub. These hubs will visually display information from your smart devices and allow you to control them without your smartphone. Think of this as a visual assistant instead of a voice assistant. These devices are especially practical; picture yourself cooking dinner, asking your home to show you recipes and instantly getting millions of recipes and even video instructions.

I have included networking gear and hubs as one category because these two systems are the “brain” of your smart home. All smart devices need to be linked through the same network; even if you want a single smart light, you will need a Wi-Fi network. In a single bedroom apartment, a basic router will be fine. For larger, more connected homes, more powerful networking solutions such as Linksys Velop will be required.

Automation

Now we know the essential components of a smart home, we can talk about why you would spend the money and go through the effort of setting one up! Automation is one of the coolest features of smart devices and opens up some interesting possibilities. With automation, you can turn your heater on and warm a room before you get home or have lights turn on as you enter a room.

Automation is taking the idea of a smart home to its full potential but requires some planning and a whole lot of smart devices and sensors. Home security can be streamlined by adding automation. For instance, if your system had a sensor light and a camera, with automation, you can set the camera to start recording if the sensor light was tripped.

Remote control

Setting up a fully connected smart home that comes alive as you come home sounds incredible, but it does require some effort. If you like to keep things simple, smart home technology still offers benefits. Being able to control aspects of your home remotely can simplify and improve your quality of life. Being able to view your security camera feed while on holidays is an excellent example of this.

Being able to monitor your smart home is remotely is energy efficient too. No more accidentally leaving lights or other devices on, you will be able to turn them off remotely from your phone. With smart locks, you can even unlock your home for a family member who has forgotten their keys.

Smart home technology has taken a while longer to gain acceptance in our lives and logically so. With all-new ideas comes a teething period and resistance from some who question the point of such technologies. Smart home technology has come a long way in a short amount of time, perhaps due to a surge in interest or general improvements in networking technology, and now it deserves your attention. The ability to monitor your home and control it remotely is the stuff of science fiction, but it’s here now. From the fun single, smart light in your bedroom, to a whole home designed from the ground up with smart devices, smart home technology could change the way we live forever

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Tips for Fulfilling Your Tax Obligations with a New Business

Starting a new business is a lot of hard work and there are so many things you have to consider. You need to market your new business, be able to offer a brilliant customer service, and supply the goods that you are offering for sale. A business owner has to wear many hats though, as there are so many tasks involved in running a successful business. Not least of which is making sure you are compliant with all the tax rules and regulations. Here are just a few tips that might help.

Register Your Business

You may need to register your business with both the federal and state agencies depending on the type of business you are running. Where the federal government is concerned, many small business owners need to do no more than get their federal tax ID. With the state you are running your business from, you will need to register with either the secretary of State’s Office, a Business Agency or a Business Bureau.

Get Professional Help

There can
be a lot of bookkeeping and record-keeping needed for any small business which
can be time-consuming at a time when you should be concentrating on running the
business. This is where professional people can help to take this burden from
your shoulders, as well as helping to file tax returns and giving you business
and tax advice.

Not only will this save you time, but the expertise provided by tax resolution services for businesses can save you money as well.

Just as you
know your job, they know theirs, and they can be a help to business owners in
many ways.

Register as an Employer

To process
payroll in the US, you will need to obtain a state unemployment identification
(SUI). Also, some states have state-run workers’ compensation or disability
programs that you must be part of. You will need to check out the rules and
regulations for the state you are operating in as the tax agencies that deal
with payroll tend to be very aggressive with fines and penalties for getting it
wrong.

The best
way to deal with your payroll is to use the services of a reputable payroll
bureau that is with the state you are operating in. They will know how to keep
you compliant with the state regulations and will possibly save you far more
money than they will cost.

You may also need advice on employees’ rights to ensure that any contracts of employment comply with federal and state laws.

Getting It Right from the
Start

The simplest way to help keep your business running smoothly is to be compliant will all federal and state taxes from the start. This is an area that often gets put to one side until another day, but in reality, is so important that you should seek professional advice from the beginning. Fulfilling your tax obligations will be one less worry off your mind, and you can concentrate on what you do best – running your business.

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Here’s How Young Entrepreneurs Can Save Money In Business

Young entrepreneurs need to distinguish their voice from an already crowded marketplace. And they have to do it as fast as possible or else, they will run out of funds.

Almost 50% of start-ups fail by their fifth year. This explains why financial management is one of the key skills in becoming a successful entrepreneur.

When running any kind of business, the owners need to spend wisely to increase profits and avoid facing financial challenges. However, it is very easy for young entrepreneurs to feel overwhelmed when operating a business.

With that in mind, we have listed below some smart tips that can help entrepreneurs succeed in their business venture.

Search for a financing option that suits your needs

As an entrepreneur, you must know that money is out there — it always is — all you need is to know where to find it. Usually, most young business owners tend to fixate on two or three financing sources, rather than checking out all of them.

You can opt for fast loans, small loans, personal loans, funding from angel investors and venture capitalists, etc. Just make sure you weigh down the pros and cons of all the sources carefully before choosing the one right for you.

Buy Your Supplies in Bulk

When starting a business, capital can be hard to come by. Regardless, you should try to budget for more significant purchases as much as you can.

Find deals from manufacturers and warehouses that are willing to give huge discounts for bulk orders. Or look for online/ offline suppliers that sell their items for the lowest price.

You need to pull up your socks and be smart to maximize your returns.

Save on Space

Don’t get disheartened if you can’t afford to rent a good office space in the beginning. There are more options than you think,

Get work done in collaborative coworking spaces,Turn your apartment into an office, orKeep all transactions and communications online.



Use Free Online Resources

The internet is flooded with open-source software and free services that you can use for your business.

When setting up an online store, take advantage of online selling platforms and free websites. Opt for free tools watch free tutorials and make use of the gift of the internet.

Protect Yourself From Expensive Mistakes

Any legal action taken against you or your company can potentially bankrupt you. So, if you want to avoid such a situation, you must cover all your legal basis by hiring a lawyer.

This will cost you money, but it will help you prevent losing a lot more. A trusted and reliable attorney will guide you from the beginning and help you avoid mistakes that might turn into a lawsuit.

This tip goes for other aspects of your business as well. Hire a professional if you don’t want to lose your money.

Just make sure, you are careful while deciding which tasks you have to outsource and which ones you are going to do yourself.

Don’t Overlook The Small Expenses

Don’t overlook small expenses; they add up too. Review everything!

Sit down weekly and check if you can justify all of your expenses. Did the software you bought add much value? If something is not providing a good ROI, you will save a lot of money if you cut it down to the bare minimum.

Cutting down on small items can equate to large savings in the long run.

Wrap-Up

Managing business requires financial management; it is the only way to ensure that you are only spending money on the necessary items and services needed to keep the business running.

With these above-mentioned “money-saving tricks” in mind, young entrepreneurs can succeed in their business.

The post Here’s How Young Entrepreneurs Can Save Money In Business appeared first on Entrepreneurship Life.

Getting the Most Data Analytics Bang for Your Buck

It’s important to get the most value out of your expenses when running a business. So, you’re constantly analyzing the return on each investment your company makes. Data analytics is no exception to this rule. These are a few ideas for getting the most data analytics bang for your buck.

Ability to Integrate Various Types of Data

Data comes in many forms and from many places. Many enterprises have long-term backlogs of built-up data that hasn’t been put to good use for this reason. Finding ways to integrate all that data, however, can provide massive benefits to any organization.

There are likely insights going totally undetected when data remains overly siloed. Getting the right analytics software can help bring all those disparate points together to create value.

Ad Hoc Analysis

With new technologies coming on the market, there are becoming more ways for people to work with data directly. One of the best examples of this trend is ad hoc analysis. Modern BI platforms such as ThoughtSpot are empowering employees to ask questions and get answers whenever they pop up using search analytics — rather than having to wait on data specialists to create a static report for them.

It’s far more efficient and user-friendly this way. It often took a long time for requests to get to an analyst, who was often working with a substantial backlog. Then they had to be processed, put into a report, and sent back. If they didn’t exactly answer the query correctly, the process would need to be started again. Have a follow-up question? The process would start over again.

Ad hoc analytics also helps to foster a data-centric business culture, since all employees will be able to actively participate. Some useful — and maybe even surprising — insights can come from people when they’re given the right tools to dig into data.

Embedded Analytics

The actual analysis aspect of working with data is just the starting point; the next steps are sharing those findings with other stakeholders and making decisions based on that mutually accessible information.

Embedded analytics is the answer here because it allows for data visualizations to be taken from an analytics interface and placed into a business app or workflow tool that’s already used for making decisions. This is hugely helpful for getting those critical insights in front of people who need them.  

Pushing Insights into Workflows

Artificial intelligence (AI) tools in data analytics are capable of automatically uncovering insights, then getting them in front of employees. AI algorithms can dive into data, discovering insights as they go. Then these tools can push notifications into existing workflows. The result? People making decisions are able to see automatic insights as they arise, then act on them as needed.

Scalability

When it comes to getting the most bang for your buck, few things are more important than scalability. You don’t want to be spending money on features when you’re not truly using them. At the same time, once you need greater capabilities, it’s essential your analytics platform can seamlessly grow along with your data requirements.

Ensure an analytics tool offers flexible and comprehensive scalability before you invest in it. Otherwise, you could end up having to scramble to get a different one at some point down the line.

Variety of Visualization Tools

Data visualization models are important for helping lay people understand what’s being shown to them, in the form of an interactive chart. Without proper visualizations, decision-makers aren’t going to be able to adequately understand the analysis to its fullest.

Ultimately, data analytics help influence how an organization runs. People need to get data in a variety of digestible formats in order to make the right choices — and they need the ability to keep clicking to drill down, getting a comprehensive view of what the data’s saying before jumping into action.

Data Governance and Security

The safety of data needs to be accounted for when using an analytics program. Data governance is one important piece to this puzzle. You don’t want crucial data to be exposed to the wrong people. Having customizable built-in permission levels for users ensure people will only have access to what’s actually useful to them.

Additionally, security is a paramount concern. Data can be used against you in a lot of ways if it’s obtained by a negative source. Make sure you only choose platforms that take cybersecurity seriously.

There are a lot of things to think about when it comes to using data analytics in your organization. Keep these ideas in mind if you want to get the most out of these tools.  

The post Getting the Most Data Analytics Bang for Your Buck appeared first on Entrepreneurship Life.

Utopia Messenger and P2P Network: Keep your Data Safe!

In the digital era, people are legally
monitored every day. Companies are willing to know who you are and what are you
doing online to create a precise image of you. Data is the same value as fuel:
people steal it, sell it, collect and analyze.

We use mobile phones, computers daily to shop,
read articles, record our medical metrics, connect with people. That is how a
massive database of personal information is created and expanded regularly.

A detailed data set about an individual is
high-priced and legally sold. Data brokers gather and analyze information to
transfer it further even without permission. That is how direct marketing and
targeting work.

To survive in a surveillance-heavy era, users
should switch to encrypted services instead of commercialized apps, browsers
with ad trackers and popular messengers. In this press release, we dig into the
multipurpose self-enclosed ecosystem – Utopia. Learn how to make money four
times an hour and surf web anonymously!

Utopia
messenger and all-in-one privacy tool

Utopia p2p ecosystem is not a regular encrypted messenger that got widespread attention recently. Utopia is a secure peer-2-peer network that includes daily arsenal for communication and financial operations. uMessenger, uMail, uWallet, Idyll browser, and Mining bot have attracted a lot of new users while being on the Beta stage. What is the selling point?

Superior encryption. Utopia employs elliptic Curve25519, which is defined by extremely high
speed. 256-bit AES protects in-house storage. uMessenger is encrypted by
default contrary to the leading communication apps.



Decentralization. Utopia never handles metadata and doesn’t hold it on a data warehouse.
The data flows rigidly from the sender to a receiver. The elimination of a
central server ensures that third-parties and black hats won’t obtain sensitive
data.



Anonymity.
Registration doesn’t require a phone number and private info. A set of unique
digits distinguishes users alternatively to a nickname, although users never
reveal the secret key to transfer data or coins.



Functionality.
Utopia is user-friendly and contains the essential apps we use daily (will
cover it in details further). Plus, it allows handling these tools in one
window simultaneously when switching to a Hybrid Mode.

The listed principles frame a unique security
pattern, which successfully protects:

Everyday chats. Interact with friends and family in a private, secure chat room.
uMessenger allows sharing text and voice messages, files of all popular
formats. Make communication engaging and funny using customized stickers and
games.



Сhats
for work. Group
chats in Utopia are encrypted by default and have no limits on the number of
members. This feature, in addition to Hybrid Mode, makes the messenger perfect
for the working environment. Discuss strategies, accountancy, and other
sensitive data without any security breaches.



Blogs. Channels
within Utopia facilitates the transmission of unbiased news feeds applying the
freedom of speech. You can start a blog on any sphere by creating a Read-Only
chat, the level of safety no doubt outstrips Telegram encryption. 



Utopia
ecosystem: detailed tools review

uMail

The mailbox looks like famous email services;
the interface is intuitive and user-friendly. Letters are comfortably organized
as the mailbox has in-built filters. You should take into account that you can only
send emails to a registered within Utopia members. This rule contributes to
enhanced security and privacy. How to use uMail?

Working environment. To facilitate business communication, make use of Templates. Develop a
draft for regular messages to commit routine mailing in a flash!



Personal emails. Share files and send letters encrypted end-to-end. The selling point is
that you can switch to Hybrid Mode, which allows to having wallet info, emails,
chats, and contact list at your fingertips.



Secure file storage. Warehouse and transfer files of different size and extensions excluding
hacking, blackmail, and theft.

Idyll browser

The in-house browser allows you to surf pages
hosted via Utopia environment. Idyll meets the golden rules of security for numerous
reasons. It never handles metadata and searches history, so that your
passwords, billing info, and digital habits are not recorded.

Along with private and anonymous browsing, you
can design a personal website in a matter of minutes even if you’ve never done
it before.

uWallet

The built-in wallet is a universal financial tool and a safe place to store cryptocurrency. The internal coins are called Cryptons – by the way, you can get them for just being online (read to the end to discover how)!

Money transfers are encrypted and take place in
a heartbeat. Why use uWallet?

Issue a crypto-card. Get a personal card with customized design and digits set for a few
seconds. E-shopping.
Purchase in crypto without any limits and tracking. Transfers.
Send coins inside Utopia ecosystem to the other users. Merchant account. Register as a seller and promote your goods and services– interface for
merchants has been updated recently.

Now the icing on the cake is coming – how to
get a bounty?

Mining bot

Users who take part in the network paths’
extension get domestic coins for just being online. The balance is replenished
every 15 minutes. Activate the Mining bot on multiple devices to gain more
money; there are no limitations!

To sum up

The online data leakage can be reduced if users switch to encrypted products. Utopia messenger is the alternative for the privacy-conscious audience; the encrypted ecosystem replaces social media, commercialized messaging apps, and emails. Test Utopia for a computer while the mobile app is on the way – rich functions and confidentiality are guaranteed!

The post Utopia Messenger and P2P Network: Keep your Data Safe! appeared first on Entrepreneurship Life.