Best Bitcoin Wallets

Introduction

The traditional aspect of a wallet has been pivotal to society. People have grown up knowing this to be the safest place to keep their money as well as other documents that are important to them. Paradoxically, while the wallet protects our money and documents by storing them in one central location, it is also one of the most guarded pieces by people courtesy of the same – it secures us but we protect it the more plus the more it is securing, the more we protect it.

The same format was used when digitization came and the online and mobile wallet apps were formulated.

Security was a top priority for users of such wallets as these wallets, like the traditional wallets, were a store not only to the holder’s money but also their personal information such as their behaviour, incomes and identity. In this case, however, theft was in the form of hacking – a situation where a programmer or software gains access to an individual’s personal account or to their information without the knowledge or authorization of the account holder. As such, more resources were diverted towards ensuring the safety of these wallets upon its development. Furthermore, their security also became a selling point for these companies as everyone wanted to be assured of this paramount feature.

Little did they know that they were preparing for the formulation of cryptocurrency wallets.

The Advent of Cryptocurrency Wallets

Cryptocurrencies took the world by storm with bitcoin championing this race. Through them, a new technology – the blockchain technology – had come into force and the holders of this currency benefited from low cost transactions. However, this was not the only benefit, in actual sense, it was mundane compared to the real benefit these currencies accrued to its holders.

Top on this list was the fact that the value of these currencies appreciated day after another.

Holders of currencies – especially Bitcoin – saw their Bitcoins rise from $912 back in January 2017 to just shy of $20,000 at its peak in December of the same year.

Such accretion was visible only in the cryptocurrency space as these symbolized returns of over 2000% to holders of this cryptocurrency, nearly all the markets during this period. At this time, everyone now wanted a piece of the cake and this spelt doom for holders of the currency. With the currency being held digitally, hackers were having their hay-days and they could finally access anyone’s currency. Back then, these currencies were not well secured, unlike now.

As such, some developers realized this problem and decided to come up with a fix for this problem. Their solution went back to the most rudimentary form of storage and borrowing some of the concepts from there and the cryptocurrency wallets were formed: secure and lasting solutions to hacking of one’s cryptocurrencies. Moreover, with the advent of blockchain, cryptocurrencies were now more easily secured courtesy of the new systems that came up (such as proof of stake systems).
Eventually, some of these wallets came to be globally recognized as safe and secure.

Bitcoin Storage

Introduction

The storage of cryptocurrencies has become a thing of importance to the community of holders with security being a key issue (as has always been the case). As such, we shall narrow down to the different storage methods that are currently in use before finally diving into the best wallet.
From this point henceforth, however, we will be dealing solely with bitcoin rather than cryptocurrencies in general as it is the most accepted coin this far. Lessons from here can/may also be used to assess other cryptocurrency storage platforms.

Bitcoin Storage Methods

Different methods have been formulated to ensure that Bitcoin over the recent past.

Despite all of these methods having the name wallet, they possess different properties and store the coin in different ways.

Bitcoin wallets can be broken down into five: desktop wallets, online wallets, hardware wallets, paper wallets and mobile wallets. As with the name, these wallets are operated on the different platforms encompassed in the name therein.

Desktop wallets were the first type of wallets created with their forerunner, Bitcoin Core, being the first of this kind. Back then, these wallets were made to serve the purpose of storage only. However, with time, their purpose was augmented to suit different clientele such as those who preferred advanced security or anonymity got to get their own different wallets.

With time, however, convenience came into play as people needed to have their wallets with them more often so as to allow for them to pay for some of their goods and services while on the road, leading to the creation of mobile wallets. These wallets were meant to purely support payments using this cryptocurrency. Unlike other full bitcoin clients – who had to download the entire blockchain framework – these run on a portion of this framework and have the notion of simplified payment verification behind their formation.

The online wallet came by default courtesy of Bitcoin being a digital currency. They provided online service to clients with their personal information being stored on a company’s server. However, this was in turn a drawback, the cryptocurrencies were meant to give he control to the holder and not to an entity storing the holder’s information. Be though this the case, they have served the purpose of ensuring people are connected to the cryptocurrency space.

The next two wallets came to add on to the security features of Bitcoin wallets. They represent a form of storage known as cold storage – this is where the holder of Bitcoin does not wish to keep their money online or on any server therefore keeps it as ‘its raw form of currency’: either as the physical coin, paper or on a hardware device.

First is the paper wallet. This wallet serves as the cheapest method of storing Bitcoin. It comes with two QR codes on its surface enabling the use and receipt of the cryptocurrency. Furthermore, given that the Bitcoin keys – the private codes that enable transactions to be carried out – are stored on the paper rather than online, the wallet serves as a much safer method of storage as it is not prone to hacking as with other software-based wallets.

This being said, let us get to the most advanced of these wallets: the hardware wallet.

Hardware wallets are physical gadgets, similar to mobile phones, which are dedicated to Bitcoin. They serve as holders of the electronic keys of the cryptocurrency and are therefore used to facilitate payment.

Unlike other wallets, you actually have to pay a significant sum of money to acquire this wallet with some going as high as $240. This is especially so because of the fact that they are limited in supply – very limited supply versus higher demand causes prices to go up. However, with such a price, there must be value and this is what these wallets offer.

The main wallets in this category include include Ledger Nano, SatoshiLabs Trezor and KeepKey with other advancements in this space having already been made such as Boinym’s heartbeat sensing wallet which uses the rhythm of the heartbeat for security purposes.

The Best Bitcoin Wallet

Now that I believe we all understand how wallets operate and their practicality to our daily lives and especially to the lives of cryptocurrency holders, let us now assess best cryptocurrency wallet.
According to many sites, and in our view, the best Bitcoin wallet is Ledger Nano.

Ledger Nano

Ledger Nano is a cold storage bitcoin platform which harnesses the power of hardware as well as desktop interfaces to bring to Bitcoin clients the ability to store their private keys offline and therefore be more secure as they carry out their transactions on an offline platform.

The platform encompasses strong safety features in cryptographic assets and the security of digital payments. The hardware wallet comes in the form of a USB – Universal Serial Bus – which then allow the user to connect their USB to any computer they sign on to. The key advantage that can already be seen is that the device is portable, much like a phone, thus the user can both send and receive their funds on the go.

Currently, their main product is the Ledger Nano S, a flagship product which is currently available for pre-order for the next batch of hardware scheduled for shipment on March 26th at a tax exclusive price of €79.

The wallet comes with a number of features that make it stand out when compared with other cryptocurrencies.

First is its anti-malware function.

It has two buttons that ensure the holder can key in their pin number. This security add-on also gives the user the option to add some features such as security questions in the case that the pin is incorrectly specified three times in a row – in this case, if the user forgets their security question, the device gives them information on how to contact the technical or customer care team before giving them the option of either answering the security question or wiping the device.

Furthermore, using these buttons, the user can confirm their transactions via the wallet. This is achieved by pressing the two buttons simultaneously.
The above plays a critical role in the security of the device. Given that the private keys are stored on it, the holder is assured of the highest level of security from it and can therefore rest easy. The PIN and clear all features will also ensure that your personal information will never leave your device even if it lands into the wring hands. Moreover, these accounts are backed up on a recovery sheet which allows for the restoration of personal information to the wallet or to other devices which are compatible with the wallet.

A more important benefit is the device’s ability to handle multiple currencies. Currently, most wallets are limited to only a few currencies with the conversion from one currency to another only being achieved through a cryptocurrency exchange such as Binance or Changelly.
Ledger Nano S has come to solve this.
Through this platform, wallet holders will have exclusive reach to different cryptocurrencies such as Bitcoin, Ethereum, Ethereum Classic, Litecoin and other blockchainbased cryptocurrencies as can be seen in the image below:

With buyers having the ability to access all the above without the continuous need to go to different websites to change from currency to currency and incur costs in the process, Ledger Nano S has come to provide one of the best solutions available to cryptocurrency players.
This being said, the above cryptocurrencies need to be stored on a safe and secure platform. Ledger Nano S has got you covered.
They have integrated different cryptocurrency wallets with their system so as to bring the security to you. The hardware wallet brings a Bitcoin, Ethereum and Ripple wallet to you plus other wallets so as to ensure there is variety for the consumer (as can be seen in the image below). Through this, the maker expects that the user will have enough software wallets in which to store the vast cryptocurrencies available to them.

With the above in mind, it must have dawned on the reader by now that Ledger Nano is an all-in-one package that provides end-to-end solutions for the user to benefit from both security as well as a large choice set from which to make decisions.

Other Features

The wallet comes with an additional web interface and mobile application platform which enable them reach more people and suit the needs of users who wish to use them. Despite not having a desktop platform, the above two are deemed to suffice given that the wallet is already a hardware platform.
Its privacy and security features are atop most others the wallet is also easy to operate. These may be the reasons why the wallet received such a high rating from one of the coin reviewers standing at 96%. With the strong features presented above and the dynamism of the wallet, there is no doubt that this is definitely the best Bitcoin wallet available.

Foods to Improve Joint Mobility in Your PT Clients

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As we age, many things in our lives change. Most are for the better, however, some require attention. One of the things which we can begin to lose gradually over time is our mobility. This is a slow change, contributed to by many factors. There are however, many ways in which it can be combatted. One of the easiest ways to implement is through the food we eat. Here are a few of the best foods you can incorporate into your diet to improve joint health.

Bone Broth

Although bone broth has been around since ancient times, it is experiencing something of a revolution of late. It was always a food, sourced directly from animals, which was very high in collagen, gelatin and other highly beneficial nutrients.

These, along with glucosamine and other vitamin compounds found in bone broth have been shown as highly effective in combating joint problems. The collagen and gelatin are directly responsible for helping encourage the speedy repaid or strengthening of cartilage. Cartilage damage over time is one of the leading causes of joint pain and reduced mobility.

There are many organic and very effective, bone broth protein supplements which you can recommend to your personal training clients where they can note a sizable boost in their joint health over time.

Blueberries

Blueberries have been widely heralded for a number of years with improving joint health among a number of other medical conditions. These make for an excellent addition to the diet of any client due to their superbly high antioxidant properties.

These antioxidants work not only to rid the body of toxins but also are effective in helping to reduce inflammation. By reducing inflammation around the joint areas, this inevitably leads to increased movement as joints become more rigid and inflamed as we get older or succumb to injury.

Together with helping to improve blood flow which assists in stimulating the joints further, blueberries are a savior for those suffering from joint stiffness and a lack of mobility through age or injury.

Ginger Extract

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Ginger is renowned for its widespread, cure-all, abilities. Ginger is helpful in everything from settling a nauseas stomach to reducing blood pressure. Mainly due to its anti-inflammatory properties, it is very useful and effective in treating joint pain and discomfort. This makes it an ideal supplement in the battle to increase mobility among your clients.

As well as the benefits your clients will derive in terms of their joint health, they will also notice a considerable improvement in other areas.

How Can This Help Your Business?

Ultimately, in your personal training business, as much as any business, your end goal is the satisfaction of your clients.

The health improvements which they will achieve from your food recommendations will in turn lead them to recommending your service to others. There are few methods more powerful than personal recommendations in business. This should help you see a healthy boost in your overall client numbers over time.

Capitalizing on New Year’s Resolutions with Your PT Business

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There is no more popular time to plan for big changes than the New Year. We are all guilty of having made a resolution around that time, for better or worse. Especially in regard to our personal health and fitness though, January is the time to plan for using the “New Year, New Me” philosophy.

This can work out fantastically well for many people, giving them the all-important starting push to reach their fitness goals. Another important player and possible beneficiary in this system is you, the personal trainer. It is highly likely that this will be one of you busiest times of the year. Therefore, it is essential that you are prepared.

Offer Bulk Class Discounts

While new clients signing up in the light of a new year’s morning is great, what you want to achieve is a high retention rate beyond the short term. This is never easy, especially with the sometimes frivolous nature of a new year’s resolution. However if you attach clients to longer term commitments, there is a good chance to retain their custom after overcoming the difficult beginnings. Even in the case that they do not remain, you have still covered you cost for a number of the following months.

Be Approachable

A big part of the fear among people who do not use a personal trainer is just a lack of knowledge or a fear of the unknown. Entering a gym or speaking with a personal trainer can be a daunting and intimidating process for a newcomer. They will likely have many questions and often a less than basic understanding of many things you consider routine. If you want to maximize your business, it is your job to be the educator and helpfully guide your potential clients through the process. This will ensure that not only will your business volumes and reputation increase, you will also derive immense satisfaction from watching the development of your new clients.

Get Your Message out there

This stage can be pivotal to the success or failure of your ideas. You have to grind and work hard to promote your business and ideas. This means mounting intensive advertising campaigns, not only online but also by hitting the street and making your voice heard. This is only one stage though. To adequately convert your leads from advertising into actual clients, you will need to possess the correct technical infrastructure. This means implementing a convenient and trustworthy booking system which you clients can access and use easily.

Final Thoughts

January is the peak time where your personal training business can excel. This requires dedication and know how on many fronts. The dedication comes from both yours and the client’s side, though this can be somewhat mitigated by signing your clients up on multiple month discounts. With the correct technologies, booking systems and marketing strategy made simple and effective, the opportunities to grow your business in the new year are unlimited.

How to Best Maximize Your LinkedIn Profile

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In today’s business world, we are always connected. This constant connectivity and access to information and social networks brings, along with an abundance of opportunity and diversity, certain challenges. With social networking, you face the challenge of identifying how to use each unique social networking platform to ensure maximum benefit.

Each network will have its own specific nuances requiring a tailored approach. Here we focus on some key points of LinkedIn which are often overlooked. Following these simple steps will help ensure the best results to align with your goals.

 

Use a Professional Profile Photograph

The importance of this point cannot be overstated. LinkedIn, more than various other social networks, is a business oriented, networking platform. This is your opportunity to showcase your professional career and character. Like it or not, many peoples first opinion is based upon looks, therefore it is essential to get off to the most professional start possible. Think of this as the front page of your resume. You want to present a composed and friendly image. We would also highly recommend business attire. A collared shirt as a minimum requirement.

 

Choose Your Connections Wisely

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Undoubtedly, it’s fantastic to expand your network far and wide. The opportunity to market yourself to such a vast network is one which should be embraced. That said, being selective in who you choose to connect with is not a negative choice. You want to ensure that the people you are connecting with both welcome your connection and more importantly, add value to each other’s network. As an example, a financial consultant would be best served focusing on building a network broadly connected to that sector.

 

Engage With Your Network

Having built your network of connections, it is essential to interact with them. This is your opportunity to communicate with influential people and decision makers, who, in turn can shape your future. It is vital that you find a good balance when it comes to communicating with your network. Like other social networks, LinkedIn users do not want to be bombarded with a constant flow of needless information.

As a more professionally concentrated platform, you should have higher selection criteria for what you do choose to share. Industry related articles or reports which you can speak authoritatively on when questioned are always a good starting point. Even better if you are the author of these pieces.

 

Requesting Recommendations

This is another area where you can set your LinkedIn profile apart from the crowd. By putting the time an effort into requesting endorsements of your skills and unique written references from past employers or clients, you help to build and solidify your image as a trustworthy and capable individual.

When requesting recommendations, it’s important to request from those with whom you have actually had a meaningful business relationship. Try also to abstain from repeating the same request multiple times or sending a generic request message.

 

Writing Recommendations for Others

When writing a recommendation for others, you should ensure to firstly, take the time to customise your writing. There is nothing more obvious than a generic piece of text. This could also have an adverse influence on your future dealings with that person. Similar to requesting a recommendation, you should also only provide to those with whom you have had some form of working relationship. This helps to maintain a trustworthy system.

 

Final Thoughts

From a business perspective, LinkedIn is a highly valuable platform for growing your professional network, increasing your stature among groups of like-minded individuals or marketing your skills to potential employers or clients.

To achieve the greatest possible benefits from using LinkedIn, it’s important to both be aware of and adhere to the etiquette within the network. By doing so, you give yourself the best possible chance of enhancing your business position.

Make The Most of Marrakech

Morocco, Marrakech, Menara Palace, Water

A taste of the exotic only a few hours from Europe, Marrakech is very much a world apart. Over the years this city has been popular with nomads, French expats, hippies and celebrities. From Berber traders to Yves Saint Laurent to David Beckham, the city attracts a diverse clientele.

 

Nicknamed the Rose City, the architecture of the old town around the historic centre is very much in-keeping with what most would expect of an Arabic city.

 

Narrow maze like streets lined with clay built houses; street hawkers selling bubbling vats of stews which may or may not have sheeps heads in them; shop fronts packed with colourful trinkets. It’s everything you’re expecting and more.

 

For many Europeans, Marrakech can be a city break, but it deserves more time. However, a 48 hour trip is definitely doable.

 

No matter how long you’re in town, check out some of these must see attractions.

 

Jma el-Fnaa

The beating heart of Marrakech, no visitor will pass through the city without coming here. In fact, you could easily make a day of just sitting in one of the cafes in or around this huge square and watching the goings on.

 

Jma el-Fnaa sits in front of the main souk (covered market) and just across the road from the city’s landmark Koutobia mosque. This open space plays host to all sorts of traditional activities from nomadic storytellers and musicians, food traders, snake charmers and monkey trainers, trinket sellers and even witch dentists. The latter is not recommended…

 

There is constant activity and in fact you’d be unlikely to make it from one end to the other without being offered a picture with a monkey or a fake Rolex watch.

 

By dusk, the dynamic of the market changes and a nightly food market appears. You’ll see all sorts from traditional tagines, kebabs and couscous through to burgers and doughnuts. All the food stands have very enthusiastic and persistent salesmen trying to drag you in, so a casual saunter can become something of an ordeal. However, there is no harm browsing and it can be quite fun in itself just to see what tactic each of the salesmen is using as you go.

 

Around this time you’ll also see the large gatherings around a man telling an animated story or a troupe of traditional musicians. These are some of the most timeless sights of Marrakech so even if you don’t understand a word, stop and take it in for a moment.

Cafes Around Jma el-Fnaa

There are several cafes dotted around the square which offer great viewpoints from roof terraces. Be warned, there is often a surcharge for having a drink or even for entry to these cafes. You normally pay on the way out and the price can pack a surprise.

 

Ask on entry if there is an entry charge. As a general rule, prices will be double what you pay elsewhere, so expect to pay around MAD15 for a mint tea or soft drink. It is often worth double checking as sometimes prices can be made up on the spot.

 

Cafe Glacier offers the best views although it’s notorious for poor service. Food in most of the balcony cafes is second rate, at best. Perhaps just grab a soda or tea and swallow the silly price then go and get some decent priced food at the market.

 

Monkey Men In Jma el-Fnaa

Marrakech, Morocco, Oriental

 

A word of warning: the monkeys in the square are notoriously very badly treated so please refrain from giving the monkey trainers any business. Even taking a picture of them will result in you being harassed for money, so if you must, do it discreetly. Be warned, these guys have sixth sense so they’ll know you took a picture even from 50 yards.

 

The Souks

The covered souks are a collection of 5 markets, linked by winding alleyways. Getting lost is inevitable, so don’t fight it, dive in and follow your senses.

 

Technically there are different areas for rugs, pottery, spices and leather goods but you will see the same stuff pretty much everywhere. Salesmen vary from indifferent to infuriatingly insistent (as anywhere I guess!) so be prepared for a haggle match if you ask about prices.

 

A good tactic for working out prices is to find a shop where someone is already haggling and to either listen in or just casually ask a price and look uninterested. As with anywhere, especially in the developing world, you will be expected to haggle to an agreeable price for both sides.

 

The Leather Tanneries

A short walk from the northern exit of the souks is the leather tanneries. Here you’ll see men preparing leather the way it has been done for centuries. It’s crude and the smell is an assault on the senses, but it’s fascinating to see the work being done.

 

This isn’t for everyone so if you’re averse to people working in grimy conditions then you may want to give it a miss.

 

A guide can be hired at the entrance for a small fee although you will also find many people offering you a ‘free guide’. They will always expect a nice tip though!

 

Saadian Tombs and Bahia Palace

Morocco, Mosque, Building, Casablanca

These two relics of the old ruling family of Marrakech are great places to see the Islamic architecture of the city, especially for non-Muslims who aren’t allowed to enter mosques in Morocco.

 

Both are cheap to enter at around MAD10 and both are a fascinating look at the opulent lifestyles of the past.

 

Cyber Park

 

Most guides will tell you to head to the Majorelle Gardens, which are exquisite tropical gardens with a beautiful museum and cafe. However, it’s busy and expensive to get in.

 

The Cyber Park, between the Medina (old town) and Gueliz (new town) is free to enter and a great spot to relax in the shade of orange trees next to a bubbling fountain. Personally, I’d stick with this option unless you particularly want to pay around €7 to get into Majorelle.

Advantages of Starting a Tour Company

Agriculture, Asia, Cat, China, Cloud

Let’s face it, when it comes to starting a business and which one that will be, your choices are pretty endless. In many senses the expression “the world is your oyster” does perfect justice to this situation. So, with that in mind, why would you choose to start a tour company? What is the upside of doing so? And is that enough to tempt you on the path of becoming a tour operator.

These are all questions which we will invariably try to answer in this piece and hopefully enlighten you to the many positive points about becoming involved in the travel industry.

The World is yours

As a tour company owner, the world can quite literally become your playground if you so wish. Set your mind as close to home or as far afield as you like, depending of course on the viability of the market you intend to enter. This also possesses a degree of flexibility, in that at any time, you can choose to expand or change your offerings. This is something which is largely not available to the traditional entrepreneur operating from quite a fixed location in a somewhat rigid marketplace. The travel industry and certainly tour company’s main premise is that of moving and experiencing new things. A wonderful business for the curious travel minded.

Networking Advantages

Regardless the size and scope of your company, it becomes inevitable that you will run into new faces and opportunities you may not otherwise get to meet. While this can be true of any industry, it is especially true in travel and tourism. This is something that can not only enhance your life personal, but also hold fantastic long-term benefits for your business. Where else could you encounter people from a totally different sector and part of the world in such a relaxed environment? Some of the most productive and fruitful business relationships have been formed in the most unlikely of ways.

Character Enhancing Journeys

Scene, Water, Dal Lake, Black And White

Especially in smaller or more personalized tour company’s where you are guided or participating on the tour itself, you have a wonderful opportunity to travel and see the world. Many say that travel is a great education. That proves to be very true as you progress through life. By broadening your horizons you are opening your mind to a whole wealth of new experiences. Through the positive side you can experience new cultures and business environments, collecting ideas and inspirations as you go. On the other side, you may have some negative experiences but your character will be strengthened for it and your mind molded to understand and accept new situations.

Final Thoughts

If you are presented with the opportunity to start a tour business, it is one which you must embrace, for fewer businesses in life will present such fabulous opportunities to travel, learn and enhance both your own self and your business acumen at the same time. Just look at the likes of Richard Branson and Virgin Atlantic to name but one of his travel arms and the adventurous journey on which it has taken his career and life.

The Best Market Research Methods for Your New Business

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It may be tempting to jump right in with your new business idea. Full of confidence, we often don’t see any way in which our new idea can fail. This can be a great advantage, keeping our confidence high. However, it is important to put in the hours of market research to back up our faith in the new idea. Here are some methods you can follow to ensure you conduct effective market research.

Identify Your Customer

The first step in conducting any worthwhile research is identifying the correct target market. There is no point in conducting research on an unrelated market, unless you enjoy wasting time. Your market can be somewhat subjective based on current offerings or your own vision. Just be sure you can impart these visions to your potential market successfully if you plan to think a little far outside the conventional box.

Use a Variety of Mediums

When conducting research, your goal should be to engage as much of the target market as possible. This will assist you in developing a clearer conclusion. Be it by targeted email campaigns, seminars and coffee evenings or simply the old fashioned, feet on the ground approach, ensure that you use a variety of strategies to collect the most diverse cross-section of information possible.

Put in the Time

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This task in particular is one which can be labor intensive. Not only that. It can be tedious and vastly time consuming. Stick with it and be patient. Remember your end goals in collecting the information, the success of your future business. Resist temptation to take shortcuts. This would ultimately distort the data and could likely have a negative impact on your future business. Invest the time now to reap the reward in the future.

Consider the Results Fairly

Of course, it is extremely tempting to view the results of your market research in ways which favor your own desired outcome. In this case, that is most likely to be, brushing over negative feedback and giving increased weight to positive responses.

It is necessary to analyze the collected data in the most objective and impartial manner possible. This may slow down or indeed halt your progress on a particular plan, but will always prove to be beneficial in the long run. It can also provide you with the necessary information to go back and tweak some aspects in order to improve your idea.

Final Thoughts

The task itself may not always be the most appealing and the results may also be an unfortunate let down on some occasions, however, true and objective market research is priceless to the future of your business. Not only new businesses but also existing companies.

By investing sufficient efforts and using the above steps as a guideline, you should be well on the way to implementing a successful market research campaign. Unless you ask, you will never find out.

Choosing the Correct Business to Start for Your Future

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So, you’ve taken the plunge and finally decided to become your own boss. Opening your own business for the first time is a momentous achievement. A step on the road toward self-fulfillment for most of us, yet, it can equally be one of the tumultuous times in ones life. There are so many choices and decisions to be made. The fist is, which business is actually going to work the best for you and your future. Here will outline a few key steps when it comes to making the correct choices.

Identify Society Needs

This is key, you want to engage in a business providing a product or service which people actually need or desire. To help you on your way, in-depth market research should be carried out to identify the current market situation. You need to ensure that your market research methods are effective for collecting the data you need to make a good decision.

Consider Your Costs Carefully

No matter how much potential a business idea has, you need to be sure that you possess the capital required to fund your new enterprise. In some cases, the start-up capital required for a certain new business may be too great. This is OK, don’t worry. It is better to start with a safe financial buffer than be under immediate pressure to make a profit. How you finance your new business will also play a pivotal role in this respect.

Analyze Your Competition

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Entering a market already saturated with competitors or dominated by a very powerful competitor is almost always a recipe for heartache. It is vital that you conduct an effective SWOT analysis on the prospective business. You should be both thorough and honest in your assessments. It may be tempting to overlook the true power of your competition or over-estimate your own strengths, however, this is ill-advised in the long-run.

Identify Barriers to Entry

It is important to identify any stumbling blocks you may encounter when entering a particular industry. Competition, as outlined, is one such barrier. Others include any certifications which should be attained or trainings which have to be undertaken in order to gain accreditation in an industry. Taxes and any tariffs or quotas impressed upon an industry should also be considered.

Understand your supply chain

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This may be an overlooked area, but it is the lifeblood of your business. Be certain that any necessary suppliers of your stock or raw materials are available to provide service to your new venture and are willing to do so. In many industries, certain suppliers may be locked in contract with particular retails on, in specified locations.

Conclusion

There are various key steps to ensuring that your business idea can reach the next level and actually become a reality. With so many complex areas to investigate, it is recommend to do your due diligence before getting too carried away with any particular business idea. It is better to be safe than sorry.

Get Some Simplified Travel Tips To Follow

Almost everyone loves to travel, but many people do not love planning for a vacation. Planning all the myriad details associated with a trip can be both confusing and overwhelming. This article will make even the planning and booking portion of your trip easy and enjoyable.

Create a packing list for your trip! You should make this list around a week to a couple months in advance so that you absolutely know what needs to be packed. Having a list will keep you organized and clutter-free, even if you don’t actually pack until the last minute.

You must plan ahead if you are going to fly. It can take much more time then expected to get to airports in major cities because of traffic. Be packed and ready the night before. Be prepared long before you have to be at the airport. Missing a flight is a horrible experience that you never want to go through.

Create a list of what needs to be packed. You should start this list at least one week in advance, preferably earlier than that. The list should include all of your necessities for the trip. This can especially help you if you are in a rush to pack, as it will prevent you forgetting things or including unnecessary items.

Sometimes, the best way to deal with a red-eye flight is to have a sleeping pill to take once you are settled on the plane. For many, sleeping on a noisy and uncomfortable airplane can be difficult. If you have trouble sleeping while flying, feel free to have a sleeping pill shortly before your flight in order to help you relax and possibly get a nap in during the trip. You should take the pill after the plane is actually in the air.

These products are overpriced and the space saved is not worth it. Try simple folding and packing tricks to expand your luggage space instead. A packing plan could save you serious space in your luggage.

When you travel, you always need to keep up with your belongings. If you carry a purse, you want to make sure that it is tucked under your arm securely. If it has a long enough strap, you should have the strap crossing your body. Do not carry a bag with easy access to any of the pockets. Carefully evaluate your bags for security risks when choosing one for traveling.

Tip the bell boy and housekeeper when staying in a nice place. Tipping the bellhop around $1 per bag and the housekeeping staff around $2 to $5 per day is certainly not excessive. This will increase the quality of service in your hotel and make your stay more enjoyable.

Always keep in mind where your belongings are, and keep your most important items in a place you always have access to. If you carry a purse, you want to make sure that it is tucked under your arm securely. If it has a long enough strap, you should have the strap crossing your body. Do not carry a bag with easy access to any of the pockets. Always consider these things before purchasing your travel bags.

Try to wear comfortable and light shoes when air traveling – shoes that you can slip out of easily. This makes security checks easier since you can easily slip them off. Comfort over style is paramount when traveling. The ideal pair of shoes should also be as light as possible for the long hours you will spend sitting. A perfect type of footwear for travelling is sandals.

As mentioned earlier in this piece, traveling can be very fun, even if getting ready for it is not. There are ways to plan a trip easily and maximize the chances of having a successful trip. Use this article’s tips to help you make the most of your travel experience.

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Simple Travel Tips For A Great Trip

Whether for business or pleasure, traveling can be a fun experience. Traveling is not so much fun when you have to shovel out loads of cash for it. If you would like to save money when you travel, please read the following article to learn tips on how you can keep travel expenses to a minimum.

Leave all unnecessary valuables at home. Having valuable items with you on a trip is just asking to have them lost or stolen.

If you have a child, keep a color photo of him or her in your wallet in case they get lost. Not knowing your child’s whereabouts is frightening. No matter how thoroughly it is guarded against, it can still happen. Being able to show a photo might make a critical difference in the time it takes to locate your child should he or she get lost.

When you are traveling in unfamiliar locations, be sure to watch for scammers posing as government officials trying to take advantage of you. Never hand over your original passport, as you might not get it back. Also, if you have to go somewhere with this person, be sure to walk along with them. Avoid getting into a vehicle with anyone you don’t know.

Even when on long flights, never assume the airline will provide everything you need. Bring your own pillow, blanket and headphones if you think you will need them. You should also bring enough snacks to get you to your destination and not have to rely on airport food.

Throw a few clothespins into your suitcase. They can be a useful item when you go on a trip, even though they are not something someone thinks to bring with them.

Keep track of your important belongings when traveling. If you carry a purse, you want to make sure that it is tucked under your arm securely. If it has a long enough strap, you should have the strap crossing your body. You should avoid carrying bags with a zipper that is easy to get into because thieves could easily unzip the bag in a crowded location and steal important items. Take these things into consideration when searching for a reliable travel bag.

Always go out of your way to tip any bell station and housekeeper appropriately. An appropriate tip is considered $1 for each piece of luggage you have, and $2-$5 per day for the housekeeping service. If you treat the staff well, then they will treat you well.

Take the time to subscribe to e-newsletters of major airlines. These newsletters are great if you want to take advantage of special offers, discounts and other exclusive perks. Even though these e-newsletters can contribute to the congestion in your inbox, the money they can save you is well worth it.

You don’t have to wander far from home to enjoy a fun weekend get-away. Enjoy a staycation by visiting attractions in your local area. You will spend less money traveling if you stick close to home and support the local economy. You can find fun activities you didn’t even know existed.

Travel with bottled water when traveling outside of the country. Many countries do not purify their drinking water and this water can cause many different illnesses. Use bottled water to brush your teeth with. This is one subtle way that tap water can make you sick.

As this article has spelled out, the are a number of things that a traveler needs to think about. It can seem like a lot of work just to enjoy a relaxing trip. However, with the right information and some good advice, you can plan a great trip with less stress. Use the ideas you have learned to help you plan your next trip.