Category: Business Plan In Excel

Bitcoin, The Cryptocurrency

Bitcoin, The Cryptocurrency

Bitcoin is a digital currency that means it not in the form of notes or coins rather its online form of money digital marketing in malaysia . It was invented in the year 2008 by a group of unknown people under the brand name Satoshi Nakamoto and was officially launched in 2009.it can be sent from one person to another without the help of the involvement of an intermediate. It involves a safe end to end transfer without any encrypment. However, the transactions are recorded in the bitcoin network. 

What is Bitcoin Cryptocurrency?

 

Origin and history of Bitcoin

  • Bitcoin originated in the 1980s
  • It was later preceded by bit gold One Search Pro, which was a new  type of cryptocurrency
  • Nick Szabo later developed it in the late 90S
  • Bit gold didn’t gain much popularity or success, and it had many features common with bitcoin, like protection against duplication, public key identification.

 

Advantages

  • The Identity of the user is hidden. That is; it is autonomous
  • Prevents double spending of money
  • Has transparent record system
  • Bitcoin currency has high return rates on investment
  • Transaction fees are also very less
  • Buyers are at lower risk of getting involved in fraud
  • No threat of inflation, almost zero.
  • Very accessible and easy to use.
  • Involvement of any third person is not required; only buyer and seller are involved.
  • It contains privacy keys that have owners’ identities, and through It, they can do transactions.
  • Bitcoin wallets are present, which contain cloud storage
  • Miners are individuals who prevent fraud and keep the privacy of the bitcoin community and keep the information encrypted

Cryptocurrency Market Tumbles; Bitcoin Falls | PYMNTS.com

 

disadvantages

  • One .client can be exposed to fraud and theft
  • 2. money ones can’t be refunded
  • 3 . Previous scams and frauds have tarnished its image
  • 4. Threats of hacking of accounts
  • 5. No protection from the government, so the risk of fraud is very high
  • 6. Not accepted by all online merchants, so it can’t be used everywhere.
  • 7. Conversion of bitcoins into fiat currencies is very costly
  • 8. Various scams are being held. The most popular one was of Mt. Gox 
  • 9. It can be slashed down by bigger companies shortly, which is more powerful and better than it.

 

How Bitcoin Works?

  • Bitcoins are like virtual coins. They hold their value 
  • They don’t require to be stored in banks or to be shifted here and there
  • They can be transferred from one personal account to another with great ease through online bank transfers via mobile phones, laptops
  • They can be used to purchase goods through web portals
  • They can also be stored and used later when their value increases.
  • Transactions can be made from one individual’s wallet to another with full privacy.
  • Wallets are databases that can be stored in our laptops, smartphones, tablets.

 

Bitcoin is a digital currency; it is a very popular form of cryptocurrency. It came into force during the 90s, money can be transferred from one account to another with the involvement of anyone else, no bank transaction fees are involved because the bank itself is not involved, but the identity of the user is hidden so any fraud can take place with the user like scams, scandals, etc. But the buyer is at lesser risk, so one should be very careful while using it and should be extremely cautious so that he might not be cheated upon by any other user.

Read More
What are baby monitors?

What are baby monitors?

Baby monitors for babies are basically devices made up of two units: one that transmits a signal and one that receives it. The signal can only be sound, but also video. The unit that emits the signal is placed in the baby’s room best pack and play for newborn, possibly near the cradle, and is a kind of microphone that is activated whenever the baby cries or makes an abnormal noise. The receiving unit, on the other hand, is placed in the room where one of the two parents is, so that whatever happens (the child wakes up, cries, etc.) can intervene promptly.

By doing this, you can be sure your little one is fine even when, for one reason or another, you are in a different room. These products are marketed all over the world and more and more fathers and mothers decide to choose them. Particularly useful is the device during, perhaps, the night. You will be able to place an eye and ears directly in the room where the baby sleeps and, in case of sudden awakenings or any problems, you can immediately intervene.

Image result for What are baby monitors?

How does it work?

These devices are as useful as they are simple. They are collected of two foremost objects:

A device, equipped with a camera, microphone and any additional components to be placed near the child;

A display, more or less accurate, which reproduces both the images and the sound collected by the previous product presented.

Each model has a maximum radius. As with classic walkie talkies, in fact, you will not be able to afford to excessively distance the two main components. Many baby monitors are also equipped with a night light, which allows parents to have excellent vision even during the night, and a speaker that spreads familiar sounds to the child. The more expensive and modern models also offer additional tools, such as sensors that allow you to follow the movements of the child

Image result for What are baby monitors?

How to choose a baby monitor?

There are variables that you will have to consider to make the best choice that can satisfy all your expectations. Always remember that, being a very important product for the safety of the child, it is advisable to opt for something more expensive that can ensure higher quality, additional tools and, consequently, great safety. The two units of the baby monitors are obviously mobile and work as if they were walkie-talkies. The sector offers a great variety of models, equipped with specific technologies and functions. To choose the best baby monitor model for new borns, several aspects must be taken into consideration.

The first aspect is that of communication technology. The two units (the transmitter and the receiver) must communicate with each other via wireless systems, to make this instrument truly versatile. At the same time it is important to consider the distance between one camera and another and, consequently, the signal strength.

The other feature to consider when choosing baby monitors is that of versatility. The baby monitors, in fact, can be integrated with infrared cameras (to see the baby even at night), motion detectors (to find out if there are strangers in the room), temperature sensors (to record anomalies and prevent the room becomes too hot or too cold), etc. In some cases it is also possible to buy baby monitors that allow you to talk from one room to another (and beyond). The transmitter unit, in fact, in addition to the microphone can also be equipped with a loudspeaker, so that the parents can talk and the child listen. This is a very useful feature especially for those parents who turn to babysitters in their absence and who want to reassure their baby if they cry not seeing them at home (this feature is available for remotely controllable devices).

Read More
What is a business plan for? To convince partners!

The business plan is also a communication tool with your partners. Some suppliers, and your financial partners (banks and investors) will not fail to ask you to send them a business plan before doing business with you.

In this context, the business plan takes on another dimension: it must convince.

When addressed to a supplier, the business plan must highlight both the business opportunity for the latter – that is to say, highlight a level of forecast order volume that is credible and attractive – and the the financial soundness of your business – that is, reassuring the supplier against any risk of default on your part.

If you apply for financing from your bank, they will also assess the financial soundness of your project: what are the chances of the business being successful? What is the level of debt in the capital structure? Will the business generate enough cash to pay the interest and repay the principal? Will the weight of the debt requested leave enough resources for the company to develop?

Finally, when it is intended for an equity investor, the business plan must highlight the potential return on investment of the project. Your business plan must be able to convince the investor that the profitability of the project will be sufficient to offset the risk he takes by investing in the company and that the latter has the means to achieve the objectives set in the plan. .

To be successful in convincing, your business plan must be read. But your interlocutors have better things to do than read a little about your business. The business plan is therefore also an exercise in form.

In addition to the content, your business plan must therefore be perfect in form in order to make your future partner want to read it. This is due to a few elements: a clear and airy presentation, content that goes straight to the point, and a good catchphrase: that is, a good executive summary .

Is it essential to make a business plan?

You have now realized the importance of this task, but also its time consuming side. It is therefore normal to expect us to answer you yes: the business plan is essential.

Making a business plan will be for the future, it will allow you to project yourself and get an overview of the financial potential of your business.

Also know that a banker or an investor will not take you seriously without a business plan, you must therefore arm yourself with a professional document with a realistic forecast and explanations that hold up.

Which tool to choose to make a business plan?

It is up to you to decide how you will implement your business plan, however here are some tips.

Choose to create a business plan in Excel

This solution is the cheapest, but not the easiest. Indeed, without knowledge of accounting, financial modeling, and office automation, it will be difficult for you to obtain a reliable forecast.

Call on a chartered accountant or consultant

A support professional will offer you invaluable help in setting up your business plan. However, check that he is familiar with your field of activity, and that he is able to make a critical judgment on your turnover assumptions. Also pay attention to the cost generated by fees which can quickly rise, especially if your project evolves after the first version on the forecast.

Read More