13

The Three Great Benefits of Crowdsourcing in Driving Up Startup Financing

Aug
No Comments |  Posted by |  Category:Finance

Actual data and information is the only way innovators could convince investors that their product or service is a viable and growing investment. For long term plans, crowdsourcing is an efficient way to drive up a startup’s capital cost. With great information on hand, startup companies could experiment with different approaches, products and costs in allowing their innovative edges to grow.

1. Feedback
Investors want to know the feedback from the public regarding an innovative new product. An orange-flavoured beer product is absurd, but with crowdsourced information that proves the innovative flavour is something that can sell, considering the demographic to ensure that entrepreneurs have hit their marks, innovation could have a chance to flourish. A few more adjustments will be needed to ensure that a product or service finds its “sweet spot” in the niche market, and its overall potential in the mainstream market.
2. Actual Data
Feedback is actual data, but performance and feasibility information could be driven by crowdsourcing. Online gaming companies have made use of this strategy by implementing “free to play” periods for their beta versions of games. Collecting information and feedback from the communities interested in such games, introducing innovation can rock or smoothen the product or service without harm to the brand or the sales.
3. Multiple Data Sources
To ensure the transparency of information collected, crowdsourcing provides an opportunity to access multiple audiences to ascertain the innovative product or service’s capacity to deliver its return in profit. Make it clear how these different sources could receive benefit from the startup’s products and service, and see the real returns the innovative idea could have.

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10

Imitation’s Role in Finding Capital Investments

Jul
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Imitation is not entirely wrong, especially if it is flattering, but if patents are present, you and your business can be in so much trouble. Including imitation as part of your business strategy could help you attract venture capitalists if they could see its use to you and their advantage.

1. Discuss Someone Else’s Idea
Anybody can break down someone else’s idea and innovation and see the features that made it work. Discuss this idea with your team and note down the details that made the product unique, appealing and sellable.

2. Use The Details, Read the Patents
Patents are the enemy in using some ideas that the competition thought of. Sure it would be nice to give it a try or your own spin, but beware that you might be trespassing. Read the patents, and incline it with the details you have discussed earlier.

3. Use Other Materials
If one copies a product directly, this is a complete violation of patents, but if you use the idea behind the development of the product and used other materials, you could ride on the concept behind the successful product. For example, you might want to add a new style on an ergonomic keyboard design. You could follow the idea of QWERTY keyboards and the actual design, but not the material.

4. Why It Would Sell
If you discuss with your venture capitalists that your idea is based on someone’s idea, but you are only imitating the motives and innovation behind the idea, venture capitalists are likely to invest in your company. Patents and legalities aside, venture capitalists only want to know if your product would sell, and if it would continue in the long run.

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11

Effective Ways to Cut Corners For Small Businesses

Jun
No Comments |  Posted by |  Category:Finance

Money is undeniably the root of all success for any kind of business, and most small businesses are frugal with expenses and need to maximise their budgets. Ineffective cost cutting may deal only a small reduction to expenses, or it may affect employee attitudes or productivity due to the lack of funding. Here are a few ways you could save money effectively.

1. Equipment
It is unadvisable to get sub-par equipment, new or old, and the next best thing if you are trying to reduce expenses is to find a year to a two-year’s old owned equipment that you need. Buy-and-sell listings are effective for this purpose. Ask the former owner about their reasons for selling the item. Don’t go for anything beyond three years, it will not be as good as it used to be. You could do the same for your office deco.

2. Exchange
Money is not everything; things around your office, your house or other properties you might have carry their own worth. Your services even carry bigger worth. If you are a pipe manufacturing company for example, and you need a few social media interaction, you could offer to provide products or services to a start-up social media company, who may in turn consider the proposition.

3. Free Platforms
Open-source software is the result of crowd funding, crowd sourcing and community development, and most of them are free to own and use. Here is a list of useful open-source office software for your convenience. No need to get that expensive registration code.

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12

Is the Knife-Crime Changes Really Fair?

May
No Comments |  Posted by |  Category:Law

Deputy Prime Minister Nick Clegg said that he did not approve of “headline-grabbing” legal changes to knife-crime laws in the United Kingdom despite the death of schoolteacher Ann Maguire, who was stabbed in her classroom and passed away. While we may all condemn Mr. Clegg for his statement and apparent insensitivity, awarding six months of jail time for anybody found with a knife, even a penknife, is not really right.

But my opinion changed when Justice Secretary Chris Grayling and several supporters of the change indicated that without criminal intent, nobody, even cub scouts and tradesmen wielding penknifes, could be arrested for six months.

However, is it really fair to imprison someone for six months just for handling a knife and showing criminal intent? In this case, I support the changes, for as long as it is clear what criminal intent means in its clauses. But it has its flaws.

The Liberal Democratic party is right to say that the costs of cases will impact the legal system with the great influx of “second knife-crime cases.” The UK’s prison population is also growing in number, and it would be best to recommend the knife offenders to treatment and rehabilitation instead.

However, it cannot be helped that the Conservative party is trying to win over public affection by doing something for a heartbreaking case. Ann Maguire did not deserve to die, but nobody has the right to use her death for publicity.

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10

UK Becoming the Hub of New European “Modern Slavery”

Apr
No Comments |  Posted by |  Category:Law

UK employers are abusing Asian, African and other foreign domestic workers coming into the United Kingdom according to a Human Rights Watch report. The report indicated that some UK employers “imprison” their domestic helpers by confiscating their working visas, inadequately giving them food, having them work for many hours and even withholding pay.

HRW criticised the UK’s new immigration laws that facilitate modern slavery. Worker visas for domestic helpers restrict them only to one employer. According to interviewees in the report, they were physically, psychologically and sexually abused. Some interviewees said their employers withheld their working visas, and they did not allow them to leave the house without accompaniment.

HRW also criticised UK’s laws for failing to protect foreign domestic workers. Domestic workers have no direct access to justice for maltreatment. Some of them risk leaving their employers and deportation. Some of them remain and endure the suffering, wanting to have more opportunities for jobs and to support their families back in their home countries.

UK’s government continues to deliberate on a new anti-modern slavery law. However, many experts criticize the law because it still fails to protect immigration workers from the United Kingdom.

The UK’s Home Office had also been accused of discrimination after its campaign asking illegal immigrants to come forward to seek help to return to their home countries. The campaign is part of the UK’s efforts to meet its net migration for 2013-2014.

Source

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31

What Lagging Business Lack in 2014

Mar
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In the early days of cellular phone with low resolution cameras, taking photographs and keeping them in digital albums in your computer was a must. It allowed you to keep memories that possibly defined your individuality and memories with the people important to you.

A half-decade later, the internet became updated, and now you could share those photographs of yours. Smartphones, which have higher-grade cameras and features, became commonplace. Internet speeds allowed one to share, explore and create their own interests and find people who think similarly as them. In such a way, individuality wrested upon how people perceive and take note of your produce and information about you that you share in the internet.

Small businesses have adapted effectively to this model, which is why many younger generations make use of the services of these small businesses. Some small business, including early experimental service platforms such as 8-Tracks that allows you to listen to playlists made by other people and you can contact them as well. You could also buy the songs if you want the playlist on the storage of your phone.

Big businesses are losing their ground on the younger generation, which generates the bulk of many country’s income and GDP.  Car manufacturers are having trouble selling their products, along with many other vehicle and transportation-oriented businesses. Meanwhile, technology manufacturing companies are increasing their profits.

Clearly, small or big businesses lagging behind in 2014 lack a sense of understanding the perspectives of the younger generation.

Young people find that sharing, creating and developing their own individuality through the internet is more valuable than owning something that cannot provide the same idea.

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06

Political Troubles and Your Investment Portfolio

Mar
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Political turmoil, unrest and civil distresses affect the economy of each country. Economic changes can even plunge the country into difficult areas. When these economic troubles happen, investors tend to “run away” because of the impending political crisis. When political problems happen in countries, it could mean the inflation of goods and the lowering prices of stocks and bonds.

Political problems only predict a highly-possible event happening in the stock market, but it does not mean that the market will turn into a bull or a bear automatically. When turmoil happens, do not pull out your stocks or bonds in that country instantly. Sure, bonds may lower in value, but it does not mean that it could go down easily

In a time of political turmoil, such as a revolution or massive protests that hamper business activities, it is important to keep in perspective long-term plans by the business. Surely, a factory with revolting workers will not stop until they are given their demands, but it doesn’t mean the owner of the factory has to sell the property at once. A factory in the area helps the economy and the local economy is a big market for the manufacturer.

It is important that you set your investment portfolio for the long term. Look at the feasibility of the economic situation in the future. For example, if France is having lots of sales in Ferraris and has an economic turmoil with employees randomly abandoning their tasks daily that involves the lack of performance, you cannot abandon the investment in Ferrari just yet. It may lower, but it can come back double of what it was.

Always look for opportunities in such political turmoils, they will always help.

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17

The Employer’s Responsibilities in a Work Accident Scenario

Feb
No Comments |  Posted by |  Category:Law

Employers will always be responsible for employee injury that takes place in their work environment. Their responsibilities are in the employee contract, which the employee signs before they start working. It is from here that you’ll find out about the employer’s responsibilities in a work accident scenario you can possibly encounter.

Some employers just handle basic environmental hazard compensation. This provides you medical support and wages for your recovery if it is proven an environmental hazard, including the equipment you are responsible for, injures you by accident. This is usually issued in office and corporate employment.

If your work is around working in a dangerous environment or accident and sickness prone environment, your insurance premiums increase along with your wages. For any rare accident you encounter, such as in construction, chemistry or other equipment-and-substance plentiful environments, you get compensated in full for any accident even if you are given proper safety equipment in handling these items.

However, there are some cases that employers will skip on their responsibilities and that is when claims experts could help you begin with your claim. Some employers only provide minimal compensation for their employees even if the situation calls for mesothelioma or environment-pandemic related case. A claims expert, such as one from www.NoWinNoFeeAdviceline.co.uk   could help you sort out other details with enough evidence.

Employers are also cutting costs. If you cannot prove your claim properly, you are letting the employer evade their responsibility to you and they can do it again to other employees who might encounter the same kind of troubles as you have.

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24

Real Estate Investment Tips: Tax, Spending, Bubbles

Jan
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Experts see the 2014 western real estate market as a “seller’s market.” The right amount of house price bubbles clearly help improve the prices of many homes in the US and Europe. However, there are still challenges for both sides of the real estate market. Here are a few things you need to know about tax, spending and the housing bubble.

1. Taxes
Tax bills will always play a great role in selling homes, but in some US states, property tax cuts are being proposed. The cuts would be depending on the income of the homeowners. So, for homebuyers, this can mean they will be paying less for houses, and once they live in the houses of these states, they will have reduced taxes depending on their income as well.

2. Spending
However, mortgage rates have increased by 5%, but experts said that home buyers have nothing to fear because 5% is still a tolerable mortgage rate. Experts said that the consequential effect of higher rates is easier access. Home buyers could get mortgages with banks becoming more lenient with requirements.

3. Housing Bubble
Properties will continue to rise in value, but with mortgage rates rising, it would mean a slower rate of growth. However, with smaller-value houses getting better deals, home sellers should take their time in choosing a buyer. Avoid getting a very generous, “too good to be true” offer and instead focus on the actual value of your home based on the housing bubble.

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02

Investing in 2014: Technology, Industry and Outsourcing

Jan
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A new year brings fresh opportunities for any investor. Markets all over the world are showing signs of recovery, but still enough to allow other investors to ride the boat to higher profits. In 2014, technology and outsourcing are dominating, but outsourcing is not too far behind.

Outsourcing
Business processing outsourcing companies are becoming more convenient for both small and big businesses in terms of providing quality processing of data and even consumer support. This industry is bound to go higher as the industry continues to bloom in India and Southeast Asia.

Technology
Car manufacturers have announced that the “starting gun” for the development of self-driving cars (SDCs) will begin this year. Nissan, General Motors, Toyota, Honda and other developers may be demonstrating their self-driving vehicle research in the 2014 Car Expo Show in Las Vegas. Aside from vehicles, the smartphone industry continues to grow its bubble.

Oil
With the ongoing crisis in South Sudan and the Middle East, barrels of oil are costing more than they should. Securing your own barrels of oil can help you sell them at a better price later. Experts predict a higher price for oil once electric cars hit the mainstream market of western countries.

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