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How to side-step your career into the world of finance 

The world of finance is hugely appealing to many people, particularly when it comes to career progression. Accountants, financial managers, and other budget-based roles are certainly highly sought-after, not to mention well paid. Not everyone comes from a financial background, however. Many of us went off to college with different ambitions, and so it can feel challenging to think about making a complete career side-step.

In order to side-step your career in the world of finance, here’s how to go about it:

How to Side-Step Your Career into the World of Finance 

How to side-step your career into the world of finance 
To step up in the world of finance, we’ve outlined some of the tips you need to follow in order to side-step your career.

Chat with your boss

Before you start dreaming of ditching your current job for somewhere better and far, far away, be sure to check whether you have support from your own company. Ask to have a meeting with your line manager or a member of senior management to discuss how you want to progress within the company. If you work in a larger corporation, you might be surprised by their capacity to train you up in a new position. If they are prepared to do this, it shows their willingness and desire to keep hold of you as an employee. 

Consider part-time education

We can’t all afford to take time out for a three-year degree to completely re-train. If we have rent to pay, children to feed or other commitments, it’s not always practical to devote your full schedule to education. 

Choosing a part-time online degree might be far more practical. This way you can continue to either work your way up in the company you’re currently in or take up a part-time role somewhere else to improve your resume. You can easily study accounting from the comfort of your own home, from websites such as this one here

Experiment with trading simulators

You might be surprised by how many resources there are out there for you. Trading simulators, such as those by Investopedia, help you to build a would-be portfolio and gain a little experience. They also get you into the practice of checking the markets regularly. Crucially, they also allow you to generate a portfolio with a minimum amount of investment. 

Show and demonstrate an interest

Whether you’re side-stepping in your career within a company or you decide to hunt elsewhere for job positions, it’s good practice to display an ongoing interest in finance. This can be hard if you’ve never had a demonstrable career in this area. 

However, you can do this by starting a blog. Writing posts about current topics that interest you, or maybe even your investment ideas might be a great way of illustrating your active enthusiasm for this sector. 

Collect relevant experience

Becoming trained is half the battle when it comes to being an accountant or working in the world of finance. It’s useful to be able to demonstrate that you have the relevant skills, even if you’ve been working in a completely different industry. For example, a finance job such as accounting is actually completely deadline-driven. When you’re re-building your resume, try and think of examples of when you’ve had to stick to a tight and un-moving deadline.

It may also help you to start doing the odd job for small companies. Working in finance on a freelance basis (alongside your current job), may help you to start building that knowledge. For example, helping a small business with their accounts, or maybe even a few freelancers with their tax returns could be a generous way of showing your willingness to apply yourself. 

Find a mentor

Working in any industry is hard if you feel as if the path forward is relatively unknown. Therefore it could be helpful to you to chat with someone in that sector. If you’re looking to side-step within the company you currently work for, then chatting to a mentor could help you gain some knowledge about the position you want and what the expectations are for that role. Finding a mentor is also a great way of networking. When you do finally qualify, your mentor may be a helpful reference for you when you fill out those job applications. 

Closing remarks

Making a drastic shift in your career can feel incredibly intimidating. There will always be the worry about ‘making it’ or not being quite good enough. However, the best way to dodge these anxieties is to research the job role you’re after extensively beforehand. Be sure to investigate the job availability in your area, and what qualifications companies are currently looking for. Talking to a mentor within your workplace could help you to stay within the business you currently work in, as well as give you some real insight. 

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Business Money & Finance News

10 Popular Fintech Companies that Make Management of Money Easy Online

Fintech companies provide services in account management, payment processing, lending & financing, and capital markets and financial assets. They are readily available to provide clients with instant, seamless and safe digital transactions with unimaginable speed. These companies with the aid of financial technology are set to innovatively disrupt traditional banking and finance industry in the near future. Let’s take a look at popular and trending Fintech organizations that can assist you in online management of money.

10 Popular Fintech Companies Disrupting The World’s Finance Landscape

Popular fintech companies
Popular Fintech Companies 2019: When it is about finance; be it making money or spending money, there are fintech companies that are created purposely for solving any of the problems that may arise. These are the top 10 companies that are impacting the fintech industry.

Stripe

Stripe was founded by John and Patrick Collison. Stripe is a direct competitor of the international giant PayPal. Stripe operates in as many as 25 countries throughout the globe. It allows individuals and businesses to send and receive payments through the internet. It provides clients with technological infrastructure along with fraud prevention and banking services.

Stripe prides itself with a fraud prevention technology and internet payment facilities. Another of the top fintech companies out there.
Stripe prides itself with a fraud prevention technology and internet payment facilities. It serves customers across the world and offers the toughest competitive challenge to PayPal. Another interesting addition to our top fintech companies list.

YapStone

Yapstone is yet another payment platform that is founded in 1999 and focuses on offering end-to-end payment service to multi-billion dollar market economies along with vertical markets that include apartment rentals, vacation rentals, commercial real estate, and nonprofits.

Yapstone empowers complex markets to simply transact by providing a comprehensive payments platform that is built on a modern architecture of scalable and flexible micro-services. This innovative solution makes it possible to deliver industry-specific solutions.. It is topping the list of popular fintech companies that are impacting our world.
Yapstone empowers complex markets to simply transact by providing a comprehensive payments platform that is built on modern architecture of scalable and flexible micro-services. This innovative solution makes it possible to deliver industry-specific solutions. It is topping the list of popular fintech companies that are impacting our world.

Braintree

Braintree is a subsidiary of PayPal and specializes in providing mobile and web payment services to e-commerce companies. Braintree’s advanced technology is utilized to process credit card transactions on more than 3000 e-commerce websites like Airbnb, Uber, LivingSocial, Hotel Tonight and Angry Birds.

Braintree is a brain box of solutions just as the name implies. The service brings together world-class experts from different areas of expertise such as biological, computer sciences, psychology and software developers, to provide game-changing tech-focused solutions.
Braintree is a brain box of solutions just as the name implies. The service brings together world-class experts from different areas of expertise such as biological, computer sciences, psychology and software developers, to provide game-changing tech-focused solutions.

Lending Club

Lending Club is a US-based peer-to-peer lending platform with its headquarters situated at San Francisco, California. It is one of the largest P2P platforms that offer personal loans, business loans, auto-refinancing loan, and medical financing. It provides the best investing and borrowing solutions for you. It is the first P2P lender that has registered its offerings in form of securities under Securities and the Exchange Commission which also offers loan trading based on secondary markets.

Lending Club offers you peer to peer lending and alternative investment solutions with an option to lend a personal loans up to $40,000. This is definitely subject to approval upon application.
Lending Club offers you peer to peer lending and alternative investment solutions with an option to lend personal loans up to $40,000. This is definitely subject to approval upon application.

Addepar

Addepar was founded by Jason Mirra and Joe Lansdale in the year 2009. Addepar is an organization that utilizes investment management technology to provide a homogenous financial software platform which can be used by various offices, financial institutions, wealth advisors, and foundations and endowments.

Addepar is the first performance reporting platform that easily handles all of your assets, connecting your financial goals and objectives with real-world actionable insights.

Addepar offers a platform that gives a clearer financial picture— at every level.
Addepar offers a platform that gives a clearer financial picture of clients — at every level. Be it a beginner or an expert investor, you are covered and that makes Addepar a wonderful addition to our popular fintech companies.

Kabbage

Most of the small and medium scale business struggle to raise finances and procure loans from traditional institutions. Kabbage offers direct funding to such small and medium scale businesses through its automated lending software and platform. Its products for small business offer credit line up to $100,000 based on business volume, transaction volume, credit score, social media engagement, etc.

Kabbage creates way for businesses to be swiftly funded. Kabbage fully represents our popular fintech companies category without any form of doubt.
Kabbage creates a way for businesses to be swiftly funded. Kabbage fully represents our popular fintech companies category without any form of doubt. They have an amazing line of products for fintech consumers.

Plaid

Plaid is founded by William Hockey and Zach Perret in the year 2013. This platform allows various different applications to directly connect with the client’s bank accounts and ensures a speedy authentication process.

Plaid provides developers the right tool to build solutions for connecting customers bank to an app for seamless online payments.
Plaid provides developers the right tool to build solutions for connecting customers bank to an app for seamless online payments.

The company has managed to grow at an overwhelming pace by aiding apps like Venmo and Betterment to connect with the client’s accounts.

Credit Karma

Credit Karma is founded by Nichole Mustard, Kenneth Lin and Ryan Graciano in 2007. It strives to offer free credit points and credit recommendations to its customers. Unlike its counterpart, you are not required to register your credit cards on this site to avail its services. Credit Karma also provides educational materials and resources to end users which are estimated to be around 85 million.

The credit karma team’s ideology is making your credit score checking a freemium and exciting experience with their app.

Mint

Mint assists in keeping track of incomes and expenditure. It is a budgeting app that also allows its user to keep track of bills and offers free credit points. Mint has millions of clients spread all over the globe. A perfect example of our popular fintech companies disrupting the status quo in the financial industry.

Yes, Mint is a free budgeting and financial planning app that makes life easy. All your financials are in one place, right on the go!
Yes, Mint is a free budgeting and financial planning app that makes life easy. All your financials are in one place, right on the go!

Acorns

Acorns is one of the fastest growing platforms with already 4.5 million users. It was founded by Walter Wemple Cruttenden III and Jeffrey James Cruttenden in 2012. It provides a simple and hustle-free option to invest spare cash or change in the investment market.

Acorns – invest, earn, and grow money before you commence the spending with Acorns financial planning and investment app lets it easy for you to save that little change for tomorrow.

Final words on top fintech companies

Whether you want to invest extra little cash, manage your books, raise funding, carry out overseas payments and purchases, earn credit points, change the mode of payments, connect seamlessly with different accounts or maintain and track your budget, it’s all possible within the comfort of your home. With faster networks, safe and secured transactions, Fintech technology is ready to disrupt the traditional banking and finance institutions in coming years.

Stacy Thomas is a freelance writer who has been writing for various blogs for the last few years. In this post, he has written about the benefits of business, finance industry, technology as well as the features related to the same.

These ten popular fintech companies will make online management of money easy for you. From opening a long-term investment portfolio to buying the latest stocks in town, or lending money for your business development, and all the rest of those financial opportunities out there, you are in safe hands.

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Business Discovery Education Featured Money & Finance

4 Different Types of Financial Advisors in San Diego

When it comes to having a true professional in handling serious task for us, what are the types of financial advisors we can get in San Diego?

Financial advisors are like players of a sport, like basketball. All players have different roles. Similarly, financial advisors have different fields of expertise. If you want to hire a financial advisor in San Diego, you need to make sure the advisor is good at the specific position you’re hiring him or her for.

4 Different Types of Financial Advisors in San Diego?

If you have business doing in San Diego, you surely going to need the services of financial advisors. If not for the good part, you are going to need them for the other part of the business processes. So, what are the different types of financial advisors we can get in San Diego?

1. Accountants

The typical role of accountants is to help the firm in preparing and filing tax returns. But there’s much more to that. Accountants can help filing out tax returns correctly. They also help finding deductions that you might have missed. These deductions can be for home office or childcare. Accountants can also help filing an extension on your taxes. Lastly, they can help by donating or investing to charities to lower your taxes. If you’re starting a side business, you can use accountants to do other jobs for you. They can help you set up and even manage books and keep track of your income and expenses.

Accountants
Accountants are needed in San Diego for record keeping purposes, and they are in high demand.

There are two types of accountants: regular public accountants and certified public accountants, or CPAs. In order to earn this position, accountants are required to complete a coursework of at least 150 hours. They’re also required to work under a qualified CPA, and to pass the state licensing exam. After they earn their license, they need to continue taking classes throughout their careers. Doing so can keep their skills up-to-date.

When hiring an accountant, you must check the CPA qualifications. This way, you’ll know you’re hiring someone who underwent the right training. As a company, it is important to hire someone with experience to handle your needs. You can ask for referrals from friends or from business colleagues. Take the time to meet your candidates in person to determine if their personalities are a good fit to your company.

2. Insurance Agents

There are different types of insurance. We have health insurance for medical bill and car insurance for car accidents. We also have home insurance for our properties and homes. Sometimes, it’s difficult to determine which company can offer the best deal.

Being an insurance agent is more than just selling insurance policies. Insurance agents know all the ins and outs of the business. They can educate you about the various types of insurance. They can also educate you on the type of insurance you’ll need, depending on your situation. Some agents compare policies from different companies in order to find the best deal.

Insurance Agents
Insurance agents are well demanded for in San Diego because of their expertise. You will probably need for your car insurance, or health insurance. They could also help in insuring your home and properties.

If you want to hire an insurance agent, you need a wider range of options from independent agents. Since they sell policies from different carriers, they can be a great help for you to compare the prices. From there, you can choose the policy that will be best for you.

The best way to get a good insurance agent is through referrals. You need to talk to the people you know. Then, ask them where they buy their insurance. You know it’s a good sign if they’re satisfied with the agent for years.

3. Attorneys

A lot of people don’t think that attorneys are financial advisors, too. Aside from being in the courtroom and defending suspects in court, attorneys do other things. They are very useful in:

  1. Setting up new businesses
  2. Developing estate plans
  3. Writing or updating a will
  4. Negotiating a divorce settlement
  5. Setting up a durable power of attorney
  6. Dealing with other legal situations
Attorneys in San Diego
For law and order, attorneys are highly in demand in San Diego for helping small or large scale business owners set up new businesses, develop estate plans, deal with other legal situations. They are also useful for family related cases such as divorce documentation and consultation.

When hiring a lawyer for a particular job, you’ll need to look for someone who specializes in that field of law. For instance, when you need help with estate planning, you should find an attorney who has an expertise in estate law. Hiring a divorce layer to write or update your will is like hiring an electrician to do the plumbing. The skillset is just not the same.

To make sure you find the type of attorney you need, you can start by asking for referrals. If you know someone who recently bought a property, you can ask questions where to find such real estate lawyer. As soon as you already have a list, you can start doing a background check. See to it that the attorney is licensed to practice in your area. Also, make sure you ask how much the upfront rates are. Don’t be blindsided by an invoice that you can’t afford to pay.

4. Financial Planners

Financial planners are the go-to people when it comes to your financial issues. They can help you make plans to save for college, pay off debts, or invest for retirement. If you have a specific need which calls for someone like attorney, then your financial planner can help you.

People often confuse financial planners with investment advisors. That’s because people often use the term “financial advisor” for both positions. An investment advisor has a different role. While a financial planner looks at the bigger picture, an investment advisor focuses only on helping their clients in choosing best investments. You can get a good investment advice from your financial planner. But you can’t get good tax advice from an investment advisor.

Financial Planner - Financial Advisor in San Diego
Financial planners are your best bet when it comes to planning for a new vacation, moving to a new environment or starting a new business venture. All of the stuffs that requires money coming into or out of your pocket, getting a qualified financial planner by your side is the right call to make.

Some investment advisors are fiduciaries while others aren’t. Fiduciaries are those who put their clients’ interests first. When choosing between two similar investments, a fiduciary advisor will recommend what is better for your situation. A suitability advisor, on the other hand, will recommend whatever gets him a higher commission. Because of this, it’s better to choose a financial advisor San Diego who has met the fiduciary standard.

There are other different types of financial advisors in San Diego. You wouldn’t need all these financial experts on your company, all at the same time. As a matter of fact, wealthy people would need a financial advisor San Diego that focuses on investment but not on debts. Similarly, most companies don’t want to work with a financial planner and a money coach at the same time.

There’s nothing wrong with getting help when you need it. If you like to handle most of your financial needs by yourself, it would help if you call a pro for the job. Handling your financial needs involves planning for retirement or writing a will. It will be best if you have someone to help you.

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Business Money & Finance

How To Improve Your Small Business Budget By Avoiding Unnecessary Expenses

Everyone knows that running a business costs money. Whether you are running a small shop or you are the owner of a small e-commerce business, every company has to deal with a number of expenses. However, there are many ways to reduce your costs at the office and avoid unnecessary expenses. To help you improve your small business budget, here are a couple of tips on how to reduce your business costs.

Want to Improve on Your Small Business Budget? 

How to improve small business budget by avoiding unnecessary expenses from your business processes without sacrificing on the quality of services you render.
How to improve small business budget by avoiding unnecessary expenses from your business processes without sacrificing on the quality of services you render.

1. Outsource

Instead of hiring full-time employees for short-term jobs, bring in contractors or freelancers to do these jobs for you. By doing this,you won’t have to pay them a full-time salary and you’ll be saving tons of cash. In case someone from these freelancers stands out, you can always consider hiring this person if there is a job opening.

 2. Reduce Paper Costs

The truth is that printing costs add up rather quickly and the cost of mailing, ink, and paper supplies can lead to a large business expense. Try to eliminate as much paper as possible at the office to cut costs and transfer to a digital invoice. Instead of a file cabinet packed with thousands of papers, you will find all important paperwork in a folder on your computer.

3. Buy Refurbished Equipment

I know it’s nice to have new things, but many of these items cost a lot. Fortunately, you can reduce these expenses by purchasing used equipment which in most cases is as good as the new brands that cost much more. Many manufacturers offer refurbished equipment at a discount price,which is great for your budget. This should apply to things like file cabinets and drawers. I wouldn’t recommend purchasing used laptops or much worse, office chairs for the employees.

4. Invest in Web Conference Software

Travel can be expensive. Instead of organizing dozens of business trips for your employees, consider investing in web conference software which will allow you and your employees to have face-to-face conversations with other parties. This doesn’t mean that you should eliminate personal meetings and travel entirely, but to reduce costs, the travel budget should only be used for high-priority situations.

5. Reduce Energy Costs

Yes, you can actually do this. There are many energy efficient appliances online that you can use to cut some costs. Consider switching to compact fluorescent light bulbs, as they use less energy than your standard incandescent bulbs.

6. Avoid Bad Marketing

Although marketing can help your small business in the long run, there are many bad marketing agencies out there that charge a lot of money for their services. Instead of wasting your hard-earned money on bad marketing, learn something about your customer base first. This little secret could save a lot off your intended small business budget.

7. Negotiate Lower Prices with Your Suppliers

One of the best ways to improve your small business budget and cut down expenses is to negotiate lower prices directly with your suppliers. Luckily, many suppliers are open to the idea of negotiations, simply because they would rather give you a cheaper price than lose a regular customer.

8. Cut Back on Software

You can reduce your small business budget and costings by purchasing software that is actually used at the office every day. There are many companies who pay to have applications that they use like once a year and this is called wasting money. To save more cash, you can also use open-source software alternatives instead of popular brand name applications.

Conclusion

Small businesses usually face many challenges and one of these challenges is finding enough money to keep the business profitable. Each of these 8 steps is there to create an alternative solution that can reduce your costs and protect your small business profit. You can do yourself a lot good simply by learning more on streamlining your small business budget.

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Business Money & Finance

Credit Limit: This Is How Your Credit Card Limit is Determined

Wanna know how your credit limit is measured and determined before you can get that loan or financial aid approved? We wrote a definitive guide that detailed all the process you should follow.

While the credit limit a card issuer sets is in fact an indication of its faith in your ability to repay the loan, it shouldn’t be looked upon as a measurement of your worth as a human being.

After all, given a choice between doing the right thing and the wrong thing, most people do choose to the right thing—first.

Seriously though, while the exact algorithms governing how your credit limit is determined vary from lender to lender, the clues they use are all pretty much the same.

How Your Credit Card Limit is Determined

Your Income

The more money you make, the more you can afford to repay—or so the logic goes. Thus, people with higher incomes tend to have higher credit limits. Well, that is up to a point. As you’ll see below, there is another rather significant issue that comes into play around your income.

What You Owe vs. What You Make

Also known as your debt to income ratio, this factor could find you saddled with a lower credit limit than someone with a much smaller income—assuming they also have no bills. The more you keep of what you make (the lower your debt to income ratio), the more risk a lender is willing to take on your behalf.

How You Handle Debt

A quick glance at your credit report is all experienced loan professionals need to determine whether you’ll qualify. If your accounts are paid on time and have low balances—or paid in full with no hiccups, you’ll find yourself getting a pretty nice credit limit—assuming your income will support it. On the other hand, late payments, high outstanding balances, and other negative credit-related information will depress your limit.

Your Credit Score

The factors above are typically combined to determine your overall credit score. If everything lines up and yours is high, you’ll get a larger limit than a similar applicant who has a lower credit score.

How Others Have Previously Ranked You

If you routinely get cards with five and six-figure limits, each new application you submit is likely to be responded to with yet another one—assuming all of those accounts are in good standing. However, this is only can only be true up to a point. If a lender finds itself fifth or sixth in line and your income has already been stretched with a hand of cards with high limits, they might be reluctant to follow suit.

Your Co-signer’s Situation

If you need someone to apply with you to qualify, you’ll find your credit limit will, in part, be determined by what they are considered capable of handling. After all, if things go sideways and the issuer has to go after your co-applicant, they’ll want to be certain that person has the ability to pay on your behalf.

Your Financial Problems (or Lack Thereof)

As you may have surmised, when it comes to how your credit limit is determined, problem-free people tend to get better treatment. If you’re not one of them, you should set about cleaning your house before inviting new lenders to come in and look around (so to speak).

If you have a lot of debt you can’t shake and your income isn’t keeping pace, you might consider working with a debt relief company to help you get things back on track. However, before choosing one, conduct some research along the lines of these freedom debt relief reviews to learn the nature of the company with which you’re considering working.

Hopefully now you understand how your credit limit is determined and can leverage this information to make the best choices for your financial situation.

With this article, we hope you are clear of the fact having a clean credit record is all it takes. To get that loan approved, your credit card limit has a lot to do. You must do everything to be clean to go.

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Money & Finance

What is Cash Flow Financing And Why Should You Use One?

In business, an ever-growing number of businesses, especially small ones, regularly seek out some sort of debt financing to secure some necessary funds to grow their businesses. This can be for a number of reasons including opening a new store location or another branch or simply buying more stocks during seasonal fluctuations. And truthfully, it really is not entirely hard to find a suitable loan to finance these sort of things. In fact, taking out loans is so easy you can almost do it in your sleep. However, as a smart businessman, you need to be smart about the loans you take. On the one hand, you want a substantial capital to sustain your business effectively. On the other hand, you don’t want to end up on a pile of debt that you can’t pay.

So what’s the solution? Three words. Cash Flow Financing. Cash flow loans typically strike a balance between APR, loan size, and the difficulty and length of the application process. It’s the kind of business financing that won’t land you in trouble if you are careful. So what is cash flow financing and why should you use one?

Cash Flow Financing In A Nutshell

Cash flow Financing
Cash flow financing in a nutshell is a form of financing where a loan made to a business is backed by the company’s projected (future) cash flows.

According to Investopedia,

“Cash flow financing is a form of financing where a loan made to a company account is backed by the company’s expected cash flows. Cash Flow financing differs from an asset-backed loan, in which the collateral for the loan is based on the company’s assets. The timeframe of the repayments for cash-flow loans are based on the company’s projected future cash flows.”

Cash flow finance is usually suited for companies with a steady growth of cash inflows. It is also recommended for businesses that require an upfront investment to generate more profit or revenue.  Simply put, a business borrows money they are already expecting to receive in the future in exchange for giving an investor or lender the rights to an agreed portion of the receivable profit.

Cash flow finance often comes as short-term loans, credit line, or working capital. They can be paid off through weekly, bi-weekly, or monthly dividend payments. On an investor’s side, it’s also a smart opportunity to put money in a business with a steady net income that is able to cover all debt obligations. It’s a win-win situation on both sides.

When should you use Cash Flow Finance?

Common uses for cash flow financing can come in a variety of business needs:

  • Invest in physical inventory and stocks.
  • Preparation for seasonal or peak periods.
  • Opening a physical store or in some e-commerce shop’s case, a Brick and Mortar location.
  • If you’re looking to lock in a good deal for the merchandise, you are selling.
  • You need additional staff or workforce.
  • An opening of another branch location.

What are the types of Cash Flow you can get?

Cash Flow can come in many ways. Here are 5 of the most common types of cash flow financing.

Term Loans – Much like mortgages or student loans, cash flow financing can also come in the form of a term loan. Essentially, you borrow an amount upfront and pay it back in fixed weekly or monthly payments throughout the agreed-upon term of the loan agreement.

Business Credit Cards – Perfect for your business’ short-term needs, business credit cards are used to finance projects that can be typically paid back fully within a month. It is relatively easy to access business credit cards if your business has a good finance and credit reputation.

Credit Lines – Unlike business credit cards, credit lines are a more formal agreement between lender and borrower. Credit lines are also typically only given to companies that already have established relationships with banks or other financial institutions. This is perfect for covering seasonal cash flow gaps.

Invoice Financing – If your business needs upfront capital to fulfill a short-term need for a big project, invoice financing is the way to go. Basically, you will borrow the amount of money that you’ll be expecting to get from your customers once the order is fulfilled.

Merchant Cash Advance – A Merchant Cash Advance isn’t necessarily a loan, per se. It’s an advance payment against your company’s future income. Terms can be as short as 90 days or as long as one year or more. You get a lump sum that is paid using a percentage of your daily credit card receipts. 

Michael is an experienced innovator and all round leader with a long track record of successfully developing successful brands online. His proficiency in growing SaaS platforms, generating web traffic and global team building has aided in driving Newswire’s rapid growth. He strives to make press release Newswire the go to disrupter in the PR and Marketing space by allowing businesses to attract media attention without the need for high-priced agencies.

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Money & Finance

Some of the Advantages Small Business Debt Settlement

When debts spiral out of control, they can sink a small business once and forever. Since it is common for start-ups and small businesses to rely on loans for funding their business, proper management of finances and timely repayment of the loans are also crucial. Problems arise when debt payments get the lion’s share of the revenues, leaving little to no money for carrying out business operations.

If you are in a similar situation where you are struggling to pay off your debts, maybe you should start thinking about debt settlement. There are many strategies that you can employ to make the process of settling debts easy and smooth. Let’s discuss what the process entails.

5 Ways Small Business Debt Settlements Will Bring Your Ailing Business Back to Life

Staying out of debt should be the dream of every small business owners; big credit to this effect goes to small business debt settlement initiatives all around. With that said, your ailing business could come back to life.

Advantages of debt settlement

Simply put, debt settlement is the process of negotiating with the creditors to reach an agreement where they forgo a significant portion of the money you owe to them if you put forth a more practical repayment plan. Credit card companies offer debt settlement schemes to recover a part of the outstanding debt if there is a situation of losing the entire amount if the borrower is planning to file bankruptcy.

If you are at a cumbersome debt situation, then you can smartly negotiate with the lenders to write off anywhere from 40 to 70% of the outstanding debt to make a settlement. However, this needs to be done perfectly, and it is ideal to take the services of a professional and expert debt management consultant or advisor. Check for the debt settlement reviews ofbusiness owners to identify who offers the best services in debt settlement.

Avoiding bankruptcy

When facing the challenges of debt management, companies often consider bankruptcy. However, bankruptcy may ruin your reputation and remain on your credit report for about a decade. You may find it difficult to get other fresh loans or other lines of credit after a bankruptcy. Even after this period, you may have to explicitly mention the history of bankruptcy while applying for new loans or credit cards.

Debt settlement is one of the best options that businesses can think of to get rid of the debts and avoid the negative consequences of bankruptcy. Debt settlement will also remain on your record for about seven years. However, after this period there will not be any public record left.

Through proper debt management, it may take 2 to 4 years for you to repay your debts even if you are getting into an ideal debt settlement plan. However, the process may be challenging as it is difficult to make the creditors agree to your settlement terms. Here comes the importance of a skilled negotiator who can act on your behalf to discuss it with the creditors and devise an ideal settlement plan.

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Blockchain Technology Disruption Money & Finance

Blockchain Revolution – Is Blockchain Technology Really Dangerous?

Vlad Zamfir who is one of the founders of Ethereum and its lead developer has recently published an article titled: “Blockchains Considered (Potentially) Harmful”.

I believe that the potential dangers of the blockchain, outlined in Vlad Zamfir’s article are exaggerated and contradictory.

I’ll try to provide a different point of view, different from the opinion of Vlad Zamfir.

Is blockchain technology really dangerous as the traditional and government backed media promotes it?

Blockchain technology is not dangerous but a blessing to our generation.
I think we are trying to get rid of all intermediaries, including the centralized government by introducing the blockchain technology. To me, Blockchain technology is not dangerous but a blessing to our generation.

Censorship resistance

Absolutely rightly mentioning the impossibility of censoring information in the Blockchain, Vlad somehow tries to divide the censorship into useful censorship and bad censorship:

On the other hand, censorship is actually important for preventing many forms of online abuse.

But this is exactly where the contradiction appears. There is no good and bad censorship. There is only one kind of censorship. Censorship is always imposed with the help of violence, using methods which individual authors cannot prevent or oppose. It does not matter who acts as a censor – a global corporation, for example, Facebook, or the government. In any case, censorship is the arbitrariness of the person who makes the final decision.

Let’s be frank, censorship cannot prevent any events, it can only hide or limit information. And any restriction of information is an intervention on freedom.

Assuming that censorship will prevent the spread of some information, we thereby deny people the freedom of reasoning, that is, we, a priori, believe that people do not have the ability to reason intelligently and be responsible for their actions. But at the same time, supporters of censors forget that the censor is also a person and will be guided by his own moral principles. Thus, defending any kind of censorship, we give some person the power to decide what is moral and what is not.

Next, the author provides an example with a photo:

For example, imagine if you were unable to un-tag yourself from an embarrassing photo that someone posted to Facebook without your consent.

But the censorship cannot remove from history that event – when the photo was taken, nor can it destroy the photo itself. If you follow this path to the end, then you should not just delete the file from the Facebook database, but also remove all participants of the event. And yet it will still remain in their memory.

And now for the:

The right to be forgotten, which allows people to stop their personal information from being searchable.

Who could ever come up with the idea that someone has such a right? Adoption of new privacy laws does not remove already happened events. We live among people. Any action of ours directly or indirectly affects others. Demanding the right to be forgotten, we essentially demand that everyone around us also forget, never speak or write about something they saw or heard. This is an interference into basic human rights – freedom of speech and thought.

Everyone should be responsible for his or her decisions and actions. If you want to stop the distribution of information about you – initially do not be the cause of such information. If you act and talk without preliminary reflections, accept the fact that the blockchain keeps everything.

Financial freedom

In this part of the article Vlad Zamfir tries to take care of the government:

On the other hand, the same financial freedom can pose critical threats to a government’s ability to enforce its policy goals. Goals like tax collection, enforcing capital controls, and preventing terrorism financing may be challenged by the possible success of blockchain technology.

Correct me if I am wrong but I was always thinking that introducing the blockchain technology we are trying to get rid of all intermediaries, including the centralized government. The author’s concern about how the state will collect taxes is amazing.

It is assumed that weaning some of the money from those who earned them (taxes) is simple for execution now. And when new technology that makes it difficult for the government to interfere in the lives of its citizens, including making it impossible to use force to collect taxes – poor little government begins to play the role of a victim.

Right now, does the government often consult with taxpayers, how exactly to spend our money?

Let’s look at this problem from the other side. In the event that the forcible tax collection will not be possible, the government will have to try very hard to raise the right amount for its needs, which means that it will have to publicly answer a lot of unpleasant questions from opponents. In case the goal seems worthy to the people, then the government will easily collect the necessary amount by the Crowd Funding method.

Using the blockchain technology to collect money by the government will make it impossible to endlessly inflate the bureaucratic apparatus. At the same time, it will make healthy completion possible, since there will always be a private company that will happily provide any service to people if this is backed up by appropriate financing. Intuition tells me that a private company will do any work cheaper and better than any government, particularly in countries with less developed democracies.

Prevention of the financing of terrorism

Has someone wondered how well this works now? Our life becomes more complicated for doing business, traveling, communication – because governments interfere in everyday life under the pretext of fighting terrorism. Did all those measures really hinder the terrorist attacks?

Blockchain Technology
There are lots of misconception about blockchain technology that would take ages to retrace. Many sees it as the next dot com bubble that would soon blast while others sees it as the next disruption that would would channel us into the next century. On the other hand, some other people sees it as a baby lacking motherly care, hence there’s need for censorship so the baby won’t go wayward. But the bottom line is, blockchain technology is here to stay and it might mean diverse things to many people as possible.

New kinds of organizations trailing blockchain technology

But this new technology may also enable organizations with nefarious goals. Cyber criminals who infect their victim’s computers with ransomware are able to accept ransom payments without fear of having their accounts shut down or their payments reverted, thanks to the blockchain.

I have a question: “How did the lack of the blockchain interfere with the existence of organized crime so far?”

A kitchen knife can be a tool for cooking, and can also become a murder tool. It depends not on the knife, but on the one who holds it in his hands and his purposes. The same can be said about any technology: nuclear energy, electricity, mobile communications, the Internet, social networks, drones.

Blockchain powered city of the future
An example of a blockchain powered city of the future where everything has to be transparently done and projected. From the local vegetable shop to other perishable goods stores, and from there to the city mall where you could buy virtually anything from clothes to house wares, to children toys, to bicycles and many others without carrying physical cash while everything is well documented on public ledger for accountability. That is the future where we are all connected, that’s where blockchain technology is heading.

Blockchain creates plenty of great opportunities for the world to be more secure. For example, the creation of private law enforcement structures, which will be financed directly by consumers. They will compete among themselves. They will not depend on borders and governments. Blockchain allows us to create an open organization, independent of the borders to search for missing people, stolen property, etc. Such organizations do not require licenses or permits from governments, they do not depend on the authorities. Their activities are regulated solely by consumers. The most uncomfortable questions

I have other questions related to the development of blockchain technologies:

Is there any future for banks? Now the bank is an intermediary who verifies the identity, guarantees transactions, carries out payments, issues loans. What will remain of the banks when the blockchain technology becomes ubiquitous? I do not see banks in the future world.

What will happen to national currencies? Already now, having several Bitcoins, I have no reasons to worry in almost any country in the world. I will always find a local who will gladly exchange Bitcoins for local currency. Already now crypto-currencies do not depend on the country, the central bank or the government. Lots of business accept Bitcoins already now. Sooner or later the question will arise: “Why do I need different currencies if I can buy goods and services without an exchange?”

And again, the most important question: “Do we really need a government?” Now the strength of the government lies in the security guarantees of execution of transactions. For this, in addition to the power component, governments monopolized various registries and databases. With the wide adoption of the blockchain, an unlimited number of DAOs will be able to deal with all those situations monopolized by the government at the moment, not only in terms of voting but also in terms of funding.

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Business Money & Finance Programming Security

Tech Debt – The Different Issues And Aspects Of Technical Debt

Tech debt is inevitable and cannot be avoided by any software development company. This is a debt which you can pay off now or later that depends on your discretion but be assured that repayment of technical debt along with the interest accrued is a crucial and compulsory aspect for a software development company. Technical debt can be incurred knowingly or unknowingly by the software development team. When there is a continuous pressure from the outside to meet the deadlines of a release development teams tend to cut corners to meet with such demand and incurs tech debt knowingly in anticipation that it will be rectified in due course of time.

Why Your Tech Debt Never Works Out the Way You Plan

Tech debt issues
Tech debt can be incurred knowingly or unknowingly by software development team when there is ongoing pressure to meet the deadlines.

Reviewing Is Necessary

Tech debt can also be a result of the ignorance of the development team regarding the latest requirements, tools and techniques. Moreover, an old code may have tech debt accumulated over time and the team or person that designed it may not be around this time due to job transfer. Therefore proper and regular reviewing of codes with the use of suitable metrics is essential to identify and locate tech debt presence in a code. This will enable you to identify the various attributes of technical debt which includes unrealistic schedules, use of inexperienced resources, lack of proper code reviews and testing, unrefined code requirements, fewer code comments and little use of framework and patterns.

Categories Of Tech Debt

There are different categories in which tech debt can be classified which may be the result of fast and improper completion of the job, lack or professionalism, and procrastination of refactoring. Tech debt especially occurs when someone knows that maintenance of the code is not his responsibility. Tech debt can also be the result of poor and convoluted designing, defects in architectural structure, hard coded elements. It can also be a result of abstraction, lack of separating concerns and presence of questionable objects in the code. Accordingly, tech debt is categorized which may be both good and bad for the company depending on the time and amount of defect in the code.

Some Other Types

There are a few other types of tech debts found in a software development company. One such kind is the API debt. This specific debt is not granular and therefore it has long strings of faulty codes. Such debts are the results of poor error handling. These debts reduces the velocity of the code in functioning, makes it unresponsive and all these are effects of poor code structure. Tech debts can also be due to quality issues which are results of poor test coverage, little automation, and inadequate unit and performance tests conducted.

Comparing All Tech Debts 

Apart from it, there are infrastructure debts which are results of old and not scalable equipment, full of unrealistic data and  recovery plan, little replication and sloppy deployment. Therefore, you must compare all tech debts before you consider which one to pay and which one to retain just like you do for all the financial debts before including it in your repayment list with bill consolidation loans. All this will help you to get out of the black hole of technical debt.

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Application Design and Development (Mobile or Desktop) Business Money & Finance Programming Web Development & Design Ideas

A Derived Value Can Help In The Identification Of Technical Debt

Most of the software development companies and their teams do not know the proper way to identify and locate tech debt in a code and thereby incur heavy loss due to untimely repayment or nonpayment. The problem becomes all the more severe when the code is old and may be designed by some other team that is not around now. More the age of the code, more is the chance of it being a bad code. Another problem is that old and new codes get commingled over time which makes the identification more difficult as no code is highlighted to indicate presence of technical debt.

Technical Debt identification
Technical debt is a very big issue. When the code that was designed by other team or group in an organization becomes obsolete, and the current team would have to go through miles to get it working, different challenges may arose along the way.

The Warning Signs

From the old bad code the bugs start creeping in to the newer codes irrespective of its better design and thereby affect the functionality of the entire system. Therefore, you should watch out for the signs of existence of technical debt in a code. You must train all your team for this purpose so that everyone is knowledgeable about tech debt in faulty codes and its necessity of repayment through refactoring. With such training the team will know about all the code metrics along with the retest metrics to know about the warning signs. With an organized, trained and disciplined team the velocity will never drop below desired level.

Ways To Identify

Technical debt can exist in several places including integration points and old libraries. It can also exist in the various components that are written in languages that are not used frequently. One of the best places technical debt may exist is the codes that are not touched often for not causing any problems. You can use the programmers work on such codes on a daily basis to identify and locate tech debt in a code. They are the right persons to discuss about the condition of the code and what are the best possible ways to restore desired and original functionality.

Analyze The Defect Logs

The programmers do all the heavy jobs that lead to a frank and useful conversation with the teams as well as the stake holders. It is also their job to help you and tour team to analyze the defect logs along with the customer call logs which will enable you to get an idea about the defect in the code. When you notice several customer calls repeated in the log regarding any specific section of the code or the overall functionality you must understand that there is problem in the code that needs immediate refactoring.

Repay Like A Finance Debt

Repayment of tech debt is essential along with interest. However, if you have multiple debts in multiple codes you may be overwhelmed at the situation but if you follow the same principle as the multiple finance debt, things will become easy. Just like to ascertain which debts you should include in a bill consolidation loan to repay, you must also find the tech debts which needs to be repaid and those that can be left as it is for the time being. Prioritize according to the up and downstream results and start repaying.