Every business venture is characterized by unique and specific risks based on the industry. As such, it should be the aim of every business owner to implement strategies that aim at mitigating such risks and one way of mitigating or dealing with business risks is through insurance. The process of selecting and purchasing insurance for… Read More »
A bigger percentage of businesses that fail cite financial mismanagement as one of the leading contributing factors. One of the main remedies for financial mismanagement is creating a budget. A budget goes a long way in constraining spending, ensuring there is enough money for the running of your business operations, as well as ensuring the… Read More »
Financial management is one of the most fundamental keys to the growth of any business regardless of size. Financial management makes the difference between success and failure for many businesses. At its core, sound financial management entails the ability to make sound financial plans, as well as financial decisions that ultimately impact the growth of… Read More »
The growth in the prominence of cryptocurrency and the shifting perceptions and acceptance of cryptocurrency over the years among individuals, entrepreneurs, as well as corporations has fostered the recognition of cryptocurrencies as an asset or property by the IRS, the implication being that your cryptocurrency is taxed just like assets such as stocks. Crypto taxation… Read More »
One of the strategies towards incorporating cryptocurrency in your business is through partnering with third party vendors. There are two primary paths that a business can select in cryptocurrency usage namely; a hands-on or a hands-off approach. While a hands-on approach entails the adoption of cryptocurrency in a business’ entire operations, a hands-off approach entails… Read More »
The high volatility and uncertainties surrounding cryptocurrencies make them inherent to myriad risks. Further the increasingly high growth in terms of the value of cryptocurrencies has increased their level of vulnerability to thieves and hackers. Since cryptocurrencies are decentralized and thus not regulated by governments or frameworks, they are more susceptible to criminals. In essence,… Read More »
The cryptocurrency market has been following an upward trajectory over the years amidst the accompanying price volatilities. Essentially, many businesses, individuals, entrepreneurs, as well as corporates are joining the cryptocurrency bandwagon. Renowned companies such as Tesla and PayPal are allowing payments for products and services using cryptocurrency. Further, cryptocurrencies are being used globally for operational,… Read More »
Cryptocurrency trading is a strategic approach for a business to incorporate cryptocurrency into its business. Cryptocurrency trading entails the buying and selling of cryptocurrencies on an exchange platform with the intent of making profits or speculating on the price movements of specific cryptocurrencies by opening a CFD trading account. In order to be an effective… Read More »
Obtaining real-time market data when trading cryptocurrencies is crucial to avoid making losses. However, while drawing market data is instrumental in understanding the trajectory of specific cryptocurrencies, it is essential to integrate it with other components of trading such as network statistics and charting tools in order to minimize trading related errors. A market data… Read More »
Cryptocurrency exchange, also referred to as a digital currency exchange (DCE) is a platform that facilitates the exchange of cryptocurrencies either through crypto trading or through exchange of crypto to other assets, as well as fiat currency. There are several cryptocurrency exchange platforms in the market with differing features and offerings. In order to choose… Read More »
Creating your own cryptocurrency especially if your business leans more towards the block-chain related business is a good strategy of incorporating cryptocurrency into your business. Many block-chain related startups are leaning more towards creating their own cryptocurrencies as an option in support of a virtual product or as an option towards monetizing their ideas. Creating… Read More »
Cryptocurrency is the future of currencies and as such, many business are embracing the use of different coins in their everyday business transactions. Advantages associated with crypto such as immunity from geographical restrictions, as well immunity from government regulations are among the factors that are fueling the increasingly high penetration of cryptocurrencies’ use especially among… Read More »
As a result of economic uncertainties coupled with higher inflation rates, many entrepreneurs, businesses, companies, as well as organizations are often on the lookout for viable ways of hedging their funds from inflation-related fluctuations. However, while cryptocurrencies are also subject to high levels of volatility, they are strategic alternatives for hedging your money against inflation… Read More »
The increase in usage and value attached to cryptocurrency has fostered a subsequent increase in theft, hacking, and fraud cases, which makes it increasingly challenging for cryptocurrency holders to address as a result of the relatively vague or non-existent regulatory frameworks that surround cryptocurrencies. The most common or readily available wallets or storage options are… Read More »
Many of the world’s largest organizations as well as small and medium companies, businesses and organizations are accepting in-store cryptocurrency payments. The explosive popularity of cryptocurrency in the business arena is prompting more businesses to incorporate the technology as a payment option for their goods and services. The market is awash with tools, companies, and… Read More »