News

6 Signs That You’re a Serial Entrepreneur

No Comments
Rusty Tweed

Entrepreneur is a broad term used to describe many famous business personalities. Consider the list below:

  • Richard Branson
  • Oprah Winfrey
  • Rod Drury
  • Andreas von Bechtolsheim
  • Josh Kopelman
  • Michael Rubin
  • Omar Hamoui
  • Wayne Huizenga

These extraordinary individuals are what the business world has termed serial entrepreneurs. They each found success at more than one venture.

Instead of luck, these individuals demonstrate principles that consistently yield profits. Inc.com expressed the importance for entrepreneurs to maintain healthy “cash machines”. While each person on this list is recognized by an iconic brand, they share several traits in common.

6 Traits of Serial Entrepreneurs

Among the most valuable traits that successful serial entrepreneurs have in common are identifying opportunities and the ability to diversify. There are other telling signs that distinguish serial entrepreneurs. Below is a list of 6 of the most important:

  • identifying opportunities
  • diversification
  • management efficiency
  • timing and resource allocation
  • strategic partnerships
  • idea development

Identifying New Opportunities

Forbes examined how serial entrepreneurs identify opportunities. A key factor was recognizing how different industries intertwine. Developing a talent for knowing precisely when to enter a market was also a deciding factor.

Rusty Tweed is the founder of Tweed Financial Services. For over 25 years, his clients have benefited from detailed financial planning supported by keen risk analysis. Rusty established himself as a serial entrepreneur upon recognizing additional opportunities that would help him provide better services.

Among the successful companies Rusty Tweed built are TFS Properties and Mold Zero. The financial services company provides investors with answers for retirement. Through TFS Properties, Rusty stabilizes rental investments. Mold Zero supports property ventures by managing the dangers of critical mold and mildew. When taken together, Rusty’s companies illustrate why serial entrepreneurs are so highly valued.

Diversify with a Keen Eye and Discerning Interest

Diversification is a key function for major corporations. Just consider how IBM, Walmart, Amazon, and Microsoft aggressively seek to expand their operations. Each of these companies illustrate the modern trend of a single entity meeting more of its consumers’ needs. Yes! Magazine discussed how diversification can limit exposure to risk. New ventures can compliment and even improve leverage for existing businesses.

Extended services provided by serial entrepreneurs are often symbiotic. In other words, clients get the most for their money while making sure that all of their needs are met. This is possible because people like Rusty Tweed take their client’s issues to heart. From an entrepreneurial standpoint, Rusty recognizes need areas and seeks to fulfill them with the best possible services.

Today, IBM and Microsoft are pursuing blockchain; a technology that developed through open source efforts. This is a business model that contrasts much of their development. Similarly, Walmart continues to explore options beyond its brick-and-mortar operations. Most notably, in gaining a greater online presence. Amazon has recognized a need to go the other way. It invested in a line of trucks to make their own deliveries. Amazon and Walmart exhibit different sides of the same coin which puts them in direct competition.

Management vs. the Redistribution of Resources

Managerial efficiency often coincides with resource allocation. However, one pertains to maintaining operations while the other involves the pursuit of future ventures. Serial entrepreneurs must be adept at plugging leaks in a sinking ship. Sometimes all that is required are more efficient operations. Other times, resources are better allocated to new ventures.

Forging Productive Partnerships

Success in business is as much about partnerships as anything else. People determine how a company and market respond to unpredictable future events. This applies more to entrepreneurs than other business people. The reason is that a primary aspect of being an entrepreneur is creating opportunities. Other business professionals often exist in an environment where operations are established and stable.

New Ideas and Creativity

New ideas and entrepreneurs are closely related. A venture might merely require a unique perspective or fine-tuned adjustment. Such instances can lead to substantial profits with minimal work. Identifying these opportunities should be a concern for all serial entrepreneurs. It’s a trait that aids new idea creation. New ideas are raw. Upon conception, they are rarely perfect and require careful adjustment to meet current market demands.

Just like market entry and identifying opportunities are subject to timing, so too must new ideas fit the moment. Thus, serial entrepreneurs must be well-versed in understanding when an idea is mature, as well as when to present it to the public. Ideas, relationships, management and diversification are inescapable traits for people whose personalities align with those of enterprising entrepreneurs

Continue Reading

News

Banks That Are Offering Coronavirus Financial Aid

No Comments
Jason Vanclef

During the coronavirus, many people are being forced to stay home from work and this is drastically affecting the economy. People are forced to live without pay but are still asked to live life. These people cannot afford their bills, have trouble paying for their food, and cannot support their family like they once were able to. While these people were all great at their jobs they were told one day that they could not return to work. The impact of the coronavirus on the entire nation has been a drastic challenge. Experts believe that the unemployment rate could hit 30% during the coronavirus. To help people overcome these challenges and rise above these difficult times there are some financial institutions that are helping their customers. Here are some of the top financial institutions that are helping its customers.

#1) The Vanclef Financial Group

This financial group was started in 2002 by Jason Vanclef. He had the desire and the passion to help people through their financial challenges, which is one of the main reasons why he is helping people today through the coronavirus. The mission and goals of this financial group and Jason Vanclef are something that all people should admire and support. Jason has recently stated that his company thrives on being honest with its customers and helping others continually motivates him. The ability of this company to work directly with customers and to help them during difficult times is a motivating feature that all companies should admire. Recent studies have shown that one of the biggest worries that Americans have today is there ability to afford their rent during this outbreak. This is why it is crucial that financial groups, like The Vanclef Financial, is helping.

#2) Gesa Credit Union

This credit union is working to help people through the coronavirus by offering their customers personal loans at very low or zero interest rate. This credit union is offering loans to its customers to help them pay their bills and overcome this challenging time. This assistance by the company can help provide some relief for families and allow them extra money to afford the things that they need in life to make it through the coronavirus.

#3) Ally Financial

In the last week, Ally Financial released a public statement saying that “we’re here to help”. They are offering their customers support during the coronavirus pandemic and are working closely with individuals to give them financial assistance when needed. They are not offering a widespread assistance program to all customers, but they are offering assistance on a case by case basis. This assistance can help hundreds of people who have lost their jobs and are in need of support and financial guidance to get back on their feet.

#4) Bank of America

Bank of America is another financial institution that is offering its customers support during the coronavirus outbreak. They are providing clients and small businesses with help if they are experiencing hardships. They created a client assistance program that allows its customers to reach out to them for help. Their financial experts will listen to each hardship and help them find solutions to accommodate them. They are also offering their clients the ability to submit a payment deferral request if they are having trouble affording their credit card payments during the coronavirus. Bank of America is also waiving payments on mortgages upon request and approval of the request.

#5) Fifth Third

Fifth Third Bank understands the challenges that many Americans are facing during the coronavirus and because of this, they are offering payment forbearance on the mortgage and home equity loans for their current customers. They are assisting customers during one of the most trying times and working hard to help make the time a little bit easier. This bank is also offering personal loans to some customers at very low interest rates to help them cover their expenses during the coronavirus and periods of unemployment. This company is willing to help its customers on a case by case basis.

The coronavirus has taken the country by surprise and has caused a great deal of panic for many Americans. Even some of the nation’s leading experts are admitting to being panicked about the coronavirus. This pandemic has completely changed the economy and has resulted in high unemployment rates. As people struggle to afford their bills and live the life they want financial institutions are working with their customers to provide some relief and financial assistance to keep their life on track

Continue Reading

News

8 Ways To Tell If You Have A Cold Or Winter Allergies

No Comments

Have you ever heard the expression It’s the sneezing season? Well, this can mean one of two things. Either, you have a cold or you have allergies due to a change in season. When you feel awfully ill, it is hard to determine, if you have a cold or it’s just allergies. There are several ways, you can tell the difference between a cold and allergies. Here are 8 ways to tell its allergies.

If you are suffering from allergies, these are the symptoms you may experience.

1.Itchy or watery eyes – Itchy watery eyes are triggered by histamine in the body and histamine is associated with allergies. If you take an antihistamine and find that your symptoms subside then it is a strong indication that you have allergies. 

2.A sore throat -A sore throat can be attributed to a cold but it is also suffered by those who have allergies. If you have an inhaler and take a puff of it when experiencing an itchy throat -and the itchy throat subsides then it is a strong indication that you have allergies. 

3. Eczema – Eczema is a skin irritation and has no correlation whatsoever between itself and the common cold. It is another symptom of allergies. 

4. Conjunctivitis – While conjunctivitis is a viral infection, it can be brought on by irritants such as pollen or smoke. There is no concrete evidence that the common cold can give you conjunctivitis.

5.  Post-nasal drip – Post-nasal drip is a common symptom of hay fever. It is common in the late stages of a cold. It is the body’s way of cleansing itself of the cold.

6.  Coughing – Coughing is a strong indicator of allergies. We cough to rid our throat/airways of something foreign, or because we have been irritated by dust, or pollen.

7.  Sneezing – Sneezing is caused by irritation from pollen, dust or other spores and irritants. Sneezing also happens when the cold virus starts to irritate mucous membranes inside your nose.

8.  Congestion –  Having a stuffy nose can be caused by allergic reactions to pollen, dust or other small particles inhaled during the day.

Some of these symptoms are also suffered by those who have a cold but the way to ascertain whether it is a cold versus allergies would be how quickly the symptoms came and when they left, how quickly did they leave you? The common cold can last 7 to 14 days, so if you have a stuffy nose for 1 day, and then nothing the next, it is safe to say it is allergies. If you are concerned about allergies, there are many premier allergy doctors out there to help you manage your symptoms.

If it is a cold, then you will experience any one of the following symptoms

  • Runny or stuffy nose
  • Sore throat
  • Cough
  • Congestion
  • Slight body aches or a mild headache
  • Sneezing
  • Low-grade fever
  • Generally feeling unwell (malaise)

Fever is not associated with allergies, so having a fever is a strong indication that you are experiencing a cold.

AS you can see there are some shared symptoms, but the likelihood of it being a cold is slim, if the symptoms left you as quickly as they arrived. If you are not sure it is allergies or a cold then you should see a doctor. Any premier allergy doctor will quickly determine your symptoms and treat you according to allergies, or a cold, as the case may be.

Continue Reading

News

How to Make Sure Your Sales Tax Audit Goes Successfully

No Comments

The TAXCON Company’s main focus is to help calculate all of your sales tax for you, with the results of showing you how much you need to pay before you go to any bank or cashier. They also give you the confidence that they are able to help with any sales tax audit you may be dealing with. Many have to follow strict sales tax laws, such as being able to fix and find fraud within sales tax calculators or paperwork,and working with clients to ensure they receive the best quote and usage of their sales tax deduction. For instance with the debate of the Wayfair sales tax case, which states that states can mandate businesses without a physical precedence in a state with more than 20 transactions of $100,000 in-state sales collect and remit sales tax in the state, according to APIC. Also according to the Wayfair sales tax case, this will allow online sales to have simplicity, and also introduce a small business act, which was put into affect as of March, 2019.

Many ways of ensuring that your sales tax audit goes smooth and successfully is by putting your faith in the correct professionals to help with your sales tax deduction, which means you have to take the right legal advice, the right steps to come up with the right sales calculator to ensure your getting the best bout of your sales tax deduction.

According to TAXCON’s webpage, they will make the right legal decision for you, while following their business policies along with sales tax law and legal documentations. They will also be able to help you with sales tax outsourcing which means they combine sales tax know hows, industry knowledge to make your sales tax audit simple and easy. With compliance to sales tax law which varies in each state, due to the Wayfair sales tax case; to make sure you’re getting the money you deserve. When looking for the best options for you, always keep in mind to do research about sales tax outsourcing, to make sure you’re getting the best legal advice and quotes.

TAXCON is one of the best companies to use as a sales tax calculator, so many people have chose this company because of their knowledge on audits, tax deductions, and overall business choices to make to keep your company thriving. Another reason many companies use TAXCON as a sales tax calculator is because they believe in getting the best possible deduction for you that best suits your company, along with their helpful employees who are always available 24/7 to help with any questions you may have at any point in time with you audits.

According to Avalara,one of the best key items to having a successful audit is researching your states sales tax nexus, which differs which each state. A sales tax nexus is the connection between a seller and a state, which has to follow certain guidelines and regulations accommodatingly fit your state sales tax laws

Continue Reading

News

3 Billionaires That Entrepreneurs Can Learn Some Really Helpful Business Lessons From

No Comments

Entrepreneurs are always looking for advice and a leg up over the competition. They want to be certain that their business will succeed before pouring their life savings into a new venture. One of the best ways to gain confidence about a business plan is to view other people who have succeeded mightily in business. Warren Buffet, Bill Gates, and Mark Cuban all have lessons they can teach even the most junior entrepreneurs.

Warren Buffet

Warren Buffet’s long career as an extremely successful investor can give entrepreneurs a number of lessons. According to David Urban, one lesson is the importance of fundamentals and an old-fashioned approach to building wealth. Buffet has made his career through a strategic approach to valuation and investment. He takes massive risks without resorting to gimmicks or other cheap tricks. This philosophy is best shown through the numerous ventures that his company, Berkshire Hathaway, has embarked on over the past few decades. The company moved into real estate in traditional markets and with standard homes.

They offered a unique stock approach where each share is extraordinarily expensive. This system is based off of established models on how to price products and how to sell luxury goods. Buffet’s experience should teach entrepreneurs that they need to take risks more with their planning and size than with their ideas. A functional way to make money is to simply introduce a new product into an established field and sell that product according to a proven model. Such an approach can be effective with a little luck and years of hard work.

Bill Gates

Bill Gates’s career shows the value of taking risks. Gates dropped out of college in order to push his entrepreneurial dream and found Microsoft. David Urban notes that without a college degree, Gates may have been penniless. Now, he is often atop the list of the richest people in the world. Entrepreneurs should follow Gates’s path by always staying up-to-date on trends and potential market openings. If an extremely profitable business path opens up, they cannot delay in embracing it. A delay of a few months or a year can lead to another competitor swooping in and taking the same opportunity.

Mark Cuban

Mark Cuban shows the potential benefits of being a new entrant into a small field. Cuban made most of his money in computers and digital streaming. He entered into the field of PC sales early on. Cuban make a pioneer of broadcasting over the internet and marrying digital networks with sports. He has mostly worked in new fields and ventures with profitable partners. Cuban’s experience should teach entrepreneurs the possible benefits of entering into a new field with their business.

There are always a host of fields that are particularly popular and attractive to venture capitalist investment. Cuban’s experience shows the benefits of working in that field and becoming extremely familiar with all of its underlying concepts. Cuban also made his money through a number of profitable partnerships. These partnerships were mostly with higher-level executives such as billionaire Ross Perot. Cuban focused closely on fostering networks and relationships. Eventually, he was able to parlay his relationships into new companies and funding deals.

Conclusion

Not all entrepreneurs will be like the aforementioned billionaires. But they were not completely beneficiaries of blind luck. Instead, they made certain smart decisions that have propelled them into their successful positions. Following their lead may at least lighten the load for anyone attempting to pursue the life of an entrepreneur.

Continue Reading

News

Daniel Doyle Pleasantville NY Shares Three Ways to Become a More Successful Entrepreneur

No Comments

While being an entrepreneur is somewhat instinctive, there are tricks to the trade that can help you improve your business talents. Dan Doyle Pleasantville NY has tips for budding entrepreneurs that can help them build and grow their business. They involve being self-aware and forward-looking. Here are three ways to become a more successful entrepreneur.

Learn From Your Mistakes

Everybody will make mistakes from time to time. It is part of being a businessperson, and you will not get everything right 100 percent of the time. What separates success from failure is what you do with your mistakes. If you bury your head in the sand and minimize your error, you will likely make the same mistake twice.

While a mistake may be costly, it can also be beneficial in terms of providing you with a valuable lesson. Take the time to perform an honest assessment of what you have done wrong so that you can properly analyze your mistake and put it into context. Denying that you have done something wrong in the face of evidence to the contrary will only get you in trouble again in the future.

Take Targeted Chances

Nobody is saying that you should be a gambler when it comes to your own business. There are times where it is best to pass on an opportunity because the chances of success are low and the costs of failure are high. However, there are also times where it behooves you to take some risk. If you are risk-averse for your entire business life, you will miss opportunities to grow when they present themselves.

The proper answer to take a research when you have done thorough research and know the possible upsides and downsides of your choice. You should then make sure that the benefits outweigh the possible costs if you are not successful. The final piece to this calculus is making sure that you have an exit plan if your risk is unsuccessful and that it will not cost you your entire business.

Don’t Rest on Your Laurels

Staying still when you are an entrepreneur means that you will eventually be passed by your competitors who are moving forward. Dan Doyle Pleasantville NY can advise you that it is best to keep pushing ahead in your business as opposed to being satisfied with where you are because stasis is the first step to oblivion. The business world is continuing to evolve and those who are a part of it must evolve themselves to keep their place. Otherwise, they will become a historical relic in no time whatsoever.

While you do not have to push at 110 percent all of the time, you should be looking forward whenever you can. You should never be fully satisfied with where you are in your business because that means that you are not making necessary improvements and taking the time to grow.

Pushing ahead while taking the time to properly reflect can help you become a stronger entrepreneur. This way, you can take calculated risks that can help you further your business and build when others may be standing still around you

Continue Reading

News

5 Strategies That Will Help You Grow Your Business

No Comments

When starting out with your own business, it can be hard to get it growing and to a place where you’re comfortably making money and getting customers. The good news is that there are some things you can do to help grow your business and these things are recommended by industry experts, like Robert Butchike. If this sounds like something you’re trying to figure out, keep reading to see 5 strategies that will help you grow your business.

Create a Plan

The first thing you want to do is create a plan. You’ll have your business ready to go, but you need to make a plan on how you’ll grow. This includes everything from figuring out ways to advertise your business to helping improve your customer experience. If need be, look and see what others are doing, so you can get the best results! It might take some refining, but you’ll eventually find the perfect plan for you.

Get to Know Your Customers

You’ll also want to make sure you get to know your customers.. Customers are essential to a business, so finding ways to get to know them will make them feel like they matter and are valued. Not only can you do things like public appreciation events, but you can also set up things like customer loyalty programs. The possibilities are endless and the most important thing is making your customers feel like they’re more than just another sale or money maker!

Research Competition

In order to see what works and what’s bringing in the most customers and sales, you’ll want to research the competition. This is especially true for the competition that’s extremely successful. By researching them, you’ll be able to see what they’re doing and use some of those ideas to help your business. Keep in mind, you don’t want to copy what they’re doing, but you can use their practices as a guideline!

Use Great Customer Service

Another way to grow your business is by offering great customer service. When it comes to customers, the last thing they want is to deal with a company that acts like they don’t care. By offering the best customer service possible, you’re showing your customers that they matter and that you want to solve the issue. Good customer service will result in your customers telling their friends and network about their good experiences!

Form Partnerships

Finally, you want to make sure you form partnerships. The more partnerships and networking you do, the better your company will do. Not only can you go to actual networking events, but you can reach out to some of the industry experts. Who knows, these partnerships might bring you opportunities that you never thought possible! Always represent your company in good light and hold yourself to higher standards, because you never know who might be watching!

By taking the advice of industry experts, like Robert Butchike, you’ll be able to grow your business to be as big as you want. It will take some time and effort, but you’ll soon see that it’s all worth it! Keep working towards your goal everyday and you’ll have the business you’ve always dreamed about

Continue Reading

News

Wink Capital Shares Why Millennials Look For New Credit Cards More Than Older Generations

No Comments

For years, millennials have been the topic of conversation along with their financial struggles. Some experts would blame their poor choices, while others would feel compassion that they were dealt a bad hand. Whether the cause of the problem is external or internal, millennials can’t help but find ways to cope with these money problems.

According to Wink Capital, millennials suffer from the most debt compared to other generations. Here are some of the interesting statistics about millennials and their debt status:

  • Millennials ages 25-34 have an average of $ 42,000 in debt.
  • The top two sources of debt are credit card balances, while the next is student loans.
  • 1 in 4 millennials suffers from debt which amounts to $ 30,000 and above.

Despite these staggering numbers, millennials have found a way to ease their financial burdens, and one way is through finding better credit card offers. Credit card debt may be a challenge to pay off, but all is possible through the millennials’ new financial strategies. Below are some reasons why credit card companies should step up their game to get more millennials to sign up.

Wink Capital Shares Why Millennials Look For New Credit Cards More Than Older Generations

Credit cards can help millennials stretch their budget.

Many millennials understand the consequences of using credit cards–some of them have interest rates when you pay off the minimum amount. Credit card balances can eventually lead to skyrocketing costs when interest rates are added up.

However, a lot of these young adults also need to pay off other expenses. This is one of the major reasons why they use new credit cards. They can use their new credit to extend the timeline of their payments, while still having money for their daily expenses.

According to Wink Capital, credit card companies and banks can help millennials by offering lower or zero interest rates for credit card balances. Lowering interest rates can help credit card companies remain competitive in a financially tight market.

Millennials want credit cards with big rewards.

Though they often get blamed for their poor financial decision-making, millennials are now learning their lesson by being savvy about their credit card choices.

According to an article on CNBC, 68% of millennials want a credit card that offers big rewards. This includes freebies, discounts, travel packages, and other exciting offers. Since they are more selective compared to other generations due to their tight budget, they would only pick the best credit card offers with exquisite rewards.

The survey in CNBC showed that many of the millennials want a 3% cashback on their purchases, while others prefer a $ 500 or $ 1,000 sign up bonus. For jet setters, an ideal perk would be converting the rewards to free flights or miles on their chosen airlines.

This says a lot about the current credit card market. If credit card companies want to get the best of millennials, they should also be willing to present the best reward offers.

Millennials want to improve their credit score.

Another major reason why millennials are looking for new credit cards is to bump up their credit score. A lot of them may be rejected for housing, business, or other types of personal loans.

Having credit cards and paying the balances successfully helps increase their chance of acquiring these loans through a higher credit score. By offering easier payment schemes, credit card companies can successfully market their credit card through this demographic.

Credit card companies should understand these reasons and use them to their advantage to help millennials. This is a win-win situation for both parties, and when done right, can help millennials rise from debt

Continue Reading

News

3 Reasons to Speak with a Personal Injury Attorney Before Accepting the Insurance Company’s Settlement Offer

No Comments

Insurance companies are businesses just like any other company. This means that whatever they pay you for your claim will impact their bottom line, and they do not always like that. Therefore, you need to be wary when dealing with them. Here are three reasons why you should speak with a Tampa personal injury attorney before you accept the insurance company’s offer of settlement.

You Will Know the Value of the Claim

Insurance companies will definitely know how much your claim is worth, practically down to the penny. It is their bread and butter and what they do every single day. Beyond that, they have complicated software programs that help them compute your claim’s worth. You do not have any of this information. Hopefully, this will have been your first accident so you are not well-versed in claim valuation.

A Tampa personal injury attorney handles claims like yours on a daily basis. They will have an idea of how much you can get in a settlement offer and whether the insurance company is being fair with you. The attorney will also know everything that can be included in your claim.

Insurance Companies Can Be Difficult

Not every insurance company is easy to deal with when it comes to getting the money that you are owed. Many of them are excessively formal and try to put hurdles in your way to make it more difficult to get their money.

Navigating the maze of the insurance company may be more than you can handle in the wake of an injury. You are likely dealing with many things all at once before you are even able to worry about your health. A personal injury attorney can help you speak with and handle the insurance company, lowering your stress level during a very difficult time.

They Can Get You More Money

Under most circumstances, you should never accept the insurance company’s initial settlement offer. They are viewing the settlement process as a negotiation and, like any good negotiator, they will not make their best offer first. Instead, they will try to lowball you with their first offer. The insurance company is likely trying to see if you will jump at what they are giving you because you need the money quickly. They are hoping that your interest of necessity will overtake your need to be fully compensated.

You are under no obligation to take what the insurance company is trying to give you simply because they are offering it. Many people do not know this critical piece of information. It is possible to make a counteroffer to the insurance company in the hopes of settling your claim.

There is a skill to negotiating with insurance companies that a personal injury attorney will possess. While many cases will end up in court, these companies do not necessarily want to litigate your case. For them, it adds to their costs of doing business. While retaining an attorney does not guarantee you more money in a settlement, it will put you in a stronger position when dealing with the insurance company.

With all of this in mind, it is in your best interest to have a conversation with a personal injury attorney if you will be filing a claim for a personal injury or have a claim pending

Continue Reading