Cronica Social Finance

In the present times where we live in a digital world, the way we accomplish tasks and deliverable has changed dramatically. We depend on advanced present technology for all sorts of things such as conducting business, staying connected with friends and family, and even for simple things such as shopping, preparing for education and many more

One of the most important way in which technology has benefited our lives is through the way we process specific transactions. Over the past years, technological advancements have enabled us to enjoy the  hassle-free online payments such as using credit and debit cards to make payments and transaction online and even monitoring our investments on stocks and World Oil Trade. However, more recently cryptocurrency has become a number option in the world is Bitcoin.

Why is digital currency popular these days? 

Bitcoin known as one of the world’s best known digital currencies and has enjoyed huge success over the past few years. This is a currency that has increased in value and in usage. Moreover, experts believe that its popularity is because of various reasons. Bitcoin is identified as a safe and decentralized digital asset, which has helped to aid its popularity as well as its value. The no-VAT rule in Europe has also helped to increase its popularity and value of this type of digital currency.

One of the major factors behind the increased value of Bitcoin is its widespread usage worldwide, with a lot of people now opting to make transactions via Bitcoin rather than using other traditional methods. For consumers, being able to transact and make payments through Bitcoin provides ease and convenience when they are doing online transactions with the additional bonus of security and peace of mind – something that are not always confident of when you use payment methods such as credit and debit cards because of the higher risk of fraud and stealing personal information.

Another reason why its is continuously increasing is because acceptance was very easy. There are now many places around the world where consumers can pay by Bitcoin, as many companies now trust this as the best and safest method of payment. From eateries, shopping malls, and coffee shops through to real estate companies and more, Bitcoin is now being used in a wide variety of companies and popular establishments.

With the increasing popularity of Bitcoin across the world, it looks as though this digital currency is really developed to enjoy continuous success and popularity globally with more and more people to take an interest in this form of currency.

If you are located somewhere in the southwest, nurturing a great business idea but still waiting for the right economic conditions, consider Tucson, Arizona as a potential business location. After all, most startup businesses achieve success in locations where target customers are abundant, and at the same time gainfully employed, or experiencing growth in their trading endeavors.

Tucson, county seat of Pima County, Arizona, is one of the places in the U.S. where a startup business has excellent opportunities for achieving success. A great concentration of the population lives, works and does business in Tucson City. Moreover, the range of industries present in this county is quite diverse: healthcare, solar, water, information technology, optics, biotech, aerospace and defense, which is just to name a few.

As a matter of fact, growth turned out to be the trend in 2018. A number of existing local companies and new players, like Caterpillar and Amazon, are into carrying out expansion plans that will see to the creation of thousands of future job openings.

By the way, the state of Arizona ranks number 9, among the top ten U.S states that have high success rates for startup businesses. Awesome even is Tucson’s contribution to this ranking, having the highest concentration of startups compared to other U.S. cities of similar size.

Creating a Business Plan before Actually Taking Your Business to Tucson, Arizona

Prior to taking steps to actually operating a business in Tucson, it is important to have certain aspects of the business properly documented and arranged beforehand. That way, once the business license and all related permits have been approved, all that an entrepreneur has to do is to start running the business as planned.

Creating a Formal Business Plan

First off, decide whether you will be operating as a single proprietor or as a Limited Liability Company (LLC) in Tucson City.

Make a statement about your product or service by being clear on what you can provide as a more effective or better solution to customers, whilst identifying areas for future innovations or improvements.

Identify the types of customers that your Tucson business will be targeting. That way, you will direct marketing strategies and promotional campaigns toward those that can be converted into becoming actual buyers or clientele.

Determine the kind of skills that your employees must possess as human resources and as effective representatives of your business establishment. Set forth a hiring process that serves as set of guidelines on who and how many to maintain as permanent or contractual employees.

Identify the kind of professional services and suppliers that your Tucson business will require. The likes of which include a Tucson accountant who will set up the accounting system of your enterprise, as well as provide other accounting services related to financial planning, reporting and filing of periodic tax returns.

Once your business plan has been properly documented, you can now proceed with looking for viable business locations, resources and service providers, as well as applying for business permits and licenses to operate in Tucson, Arizona.

Being able to find a reliable and trustworthy merchant that’s providing cash advances is easier said than done. To be able to narrow down confusion in the process, there are a handful of things to be considered. By doing this, it will ensure that you are doing business with a lender that works best for you.

The Hidden Charges they are Hiding

Well first things first, majority of the lender won’t be charging slew of additional costs while they’re still processing your cash advance application. With some transactions, it requires closing costs. These are basically costs that are beyond the price of item you purchased that are typically paid at closing transaction, hence the name.

Before you decide which merchant to choose, be certain that there’ll be no closing costs on top of the fee for your cash advance application.

Additionally, you must not pay interest on this service. In comparison to business loans, majority of the merchants aren’t imposing interest rates on their products.

Credit Card Sales

The sales volume of credit card that your business is processing every month can be used as one of the many factors to determine which lender to talk to. Before a loan is approved, lenders require applicants to provide certain amount of the most recent, consecutive credit card statement of the business.

This plays an essential role in determining whether your business is capable of supporting merchant cash advancement payment or not. More often than not, merchants will ask applicants to submit the last 6 months of credit card statements that have been processed. Lenders then used this to get the average monthly income of the business.

The Amount Needed

A great number of lending companies may offer funding of up to half a million dollars. But this will vary on the lending company and the documents you have submitted to them. In most cases, applicants are funded around 20 to 30 percent more than what their business is making on a monthly basis.

When applying for cash advances, it is imperative to know these things prior to making an application. This way, you can steer clear of lenders that are taking advantage of the situation and milking clients in the process.

Bitcoin is quite new in the financial industry and there are more and more people trading bitcoins using only the best bitcoin trading bots in the market. But while the number of users has increased, a number of new financing system has also arisen such as the Bitcoin Financial Loans Program. Let’s take a further look at this financial loan product.

What is a Bitcoin Financial Loans Program?

Bitcoin is not only a digital currency but likewise a valuable storage. This is why Bitcoin is not just a currency, but definitely an asset that can certainly be financed like several other assets. Bitcoin financial loans are a regular type of loan, much like a bank-provided financial loan.

Bitcoin users can acquire cash by using Bitcoin as security, which must be returned on interest over an established time period. The borrower can pick to repay the loan on a monthly basis or in a lump sum, according to the contract.

Know The Top Bitcoin Lending Platforms

Features of a Bitcoin Financial Loan

Users need to understand that Bitcoin is not under the control of the government or particular central agencies, so there are a few threats to take into account. For example, when a user borrows from a loan provider based in another country through the use of bitcoin as a security, the individual may find it hard to keep the lending company responsible in the event the regulatory circumstances of the country turned out to be worse. Furthermore, the volatile market of bitcoin rates implies that if the valuation of the cryptocurrency falls, you have to be ready to provide further security.

But concurrently, there are particular advantages of obtaining a financial loan backed by Bitcoin. For example, a Bitcoin-backed financial loan is perfect for those users who are not willing to trade their cryptocurrencies at the moment, however, like to gain profit from it. That’s where Bitcoin-backed financial loans help because they provide Bitcoin holders entry to cash that they are able to use for all kinds of reasons.

Purpose of a Bitcoin Financial Loan?

These purposes may include anything including touring across the country, investing in a home, broadening a portfolio through investment in various other asset classes, purchasing or funding a business enterprise or paying back other costly debts. Therefore, once users weigh the advantages and disadvantages of acquiring a financial loan backed by Bitcoin, they can consider supported Bitcoin financial loans.

A summary of Bitcoin Financial Loan Products

The growing interest in cryptocurrencies like Bitcoin is reforming the finance services sector considerably. Generally, each time a customer requires a financial loan, the individual would contact a financial institution such as banks. These financial companies check the individual’s loan repayment capability and their credit score. In most cases, the individual borrower would need to offer some kind of collateral and almost certainly wait for a long process prior to obtaining the bank loan.

But with the development of financial technology, it has opened doors to approaches like peer-to-peer financing and “legal tender” lending options. All these ideas are now getting into the cryptocurrency industry. To illustrate, any person keeping Bitcoin can acquire a financial loan via several firms offering bitcoin financial loans by keeping digital currency assets as security.

Cryptocurrency like Bitcoin (BTC) are all in the rage today. So it is impossible that any internet savvy individuals are not aware of its existence. However, what we can’t let slip are those folks who don’t have much idea how it is acquired or where it is used.

Let’s not Complicate our Lives Here

Speaking of which, it is used as a digital currency to make paperless transactions online. In fact, there are even other investors who use http://vipsignals.trade to trade cryptocurrencies much like when trading using real money in FOREX. It is just mind-blowing and almost impossible for average Joe to keep up-to-date with these digital currencies every minute and hour of the day.

But for sure, you do not want to be left out. As much as possible, you want to join the bandwagon or at least, know how you can use cryptocurrencies to make money and make paperless transactions. There are various types of cryptocurrencies such as Bitcoin, Litecoin, Ripple, Ethereum etc. just like the currencies used in different countries (HKD, SGD, USD). To minimize confusion, we will be using Bitcoin as an example for this article’s sake.

How it Started?

Cryptocurrency mining is the process used to which new coins are being introduced to existing circulating supply. This is the process used as well in securing the coin’s network. People who are mining coins are called as miners. Thus, rather than having central authority that’s controlling and securing the supply of money, this security and control is throughout the network to which miners help maintaining.

Any transactions occurred within the network is collected by miners and gathered into a block. Miners are verifying all transactions in the block as if he/she tries to submit the block with invalid transaction, it gets rejected.

Example of invalid transaction is when Person A sent 20 BTC to Person B despite not having 20 BTC to send in the first place.

Once the transaction is validated by the miner, he/she should compute cryptographic hash.

It is essential for miners to carry out this computation to be able to prevent anyone from creating blocks.

As a result, it maintains uncompromised network towards deceptive blocks.

Work Hard for Reward

As for the computation of cryptographic hash, it demands substantial computing power since hundreds of millions of calculations ought to be executed every second. This is otherwise called as proof of work. As soon as the miner solved the hash successfully, the block will be relayed to the network and be checked all over again in consensus rules. When accepted, the block will be added to blockchain network while the miner gets set amount of BTC as reward.

When contemplating to build a career in the field of finance, the job of a compliance analyst is one of several highly recommended finance-related positions. The demand for compliance analysts is evergreen, especially in major countries like the U.S. and the UK.

The regulatory landscape in America is quite complex as businesses have to pay heed not only to federal laws but also to legislations and policies imposed by each autonomous state or territory in which a business operates and carries out transactions.On the other hand, members of the European Union like the UK, deal with compliance complexities related to agreements and policies set out by the European Council.

Currently, with the UK’s impending Brexit or withdrawal from the European Union, review and analyses of business compliance remains important, as there may be Brexit conditions to consider during the transition period. Now more than ever, compliance analysts play important roles in various sectors and industries in light of global transactions that may transpire via the World Wide Web.

After all, subsequent modifications in regulations tend to transpire in concurrence with the political ideologies of those currently serving as legislators and executive administrators in each country participating globally.

What Do Compliance Analysts Do?

Any type of regulation that a business needs to comply with is finance related, regardless of industry classification. Most regulations impose fines, penalties and surcharges on those that fail to comply. Other finance-related issues include fees, caps or limits, and taxes, as well as risk assessment valuations.

That being the case Compliance Analysts are expected to perform the following:

* Make certain that all activities of the business entity are in accordance with the rules and regulations pertaining to its industry, not only in the territory in which the organization operates but also in countries with which they maintain inter-global deals, transactions and ventures.

* Keep track of regulatory compliance by gathering pertinent data, whilst reviewing completeness and proper validation of all necessary documents that serve as proofs of compliance.

* Keep abreast of amendments and modifications enacted as laws and imposed by related government agencies; such as but not limited to the IRS, SEC, Dept. Of Labor, Dept of Trade and Industry, Dept. Of Finance, FDA, Consumer Protection Bureau and EPA.

* Act as representative or assist the Senior Compliance Officer in representing the interests of the company when called to attend public meetings or discussions and regulatory hearings related to the industry.

* Liaise with various organizations and governing bodies implementing and supervising the rules and regulations related to the industry

* Identify potential compliance problems and formulate ways or strategies aimed at eliminating possibilities of non-compliance, including preparation of risk management analysis and reports.

In terms of funding a small business, the choices are practically endless. However these choices differ in the way you access it. Starting a business may require you to get additional funding apart from your own savings. In most cases, businessmen look at banks as the best source to receive financing. But there are actually other methods to acquire financing and some of them offers a more favorable term compared to a bank. Let’s take a look at these choices to fund your small start up business.

Conventional Bank Loans

The first place most business owners consider are bank loans. This is regarded as the standard funding path. The process starts with an application by filling out a loan application form. The entire process of applying a bank loan takes longer depending on your financial situation, typically from 2 weeks to 3 months.

If you have not applied for a bank loan in the past, be prepared to provide all the details they require from your personal information down to the detailed information about your source of income and your business if it is already operating. You will generally be required a lot of financial details and evidence that you have a good credit standing and that you are in compliance with the tax law.

Sadly, conventional bank loan processes is tedious and daunting. Many banking institutions are cautious when lending money to small businesses particularly for start up businesses. Additionally, there are drawbacks for businesses, as rates of interest and prerequisites may be higher and hard to meet compared to non-standard lending companies. Nonetheless, if you are able to meet all their requirements, you are assured to receive the right loan amount to finance your business.

Non-traditional Small Business Loan options

With traditional banks daunting application process, it is helpful to look at other alternatives such as small business loans from private lending sectors. The best thing about alternative loan products is that they are supported by private organizations who can make independent decisions and not relying on other organizations.

Small business loans may not offer big loans but they can offer reasonable amounts from a thousand dollars to as high as $250,000. Alternative loans offer a more practical and reasonable terms working on the capacity of the borrower to pay rather than dictating on how they want to be paid. Such is in the case of alternative lending companies in New Zealand that offers easy loans NZ in order to support small and start up businesses in the country.

The main advantage of these financial loans is the overall flexibility. Several loan providers place tight limits on loan products which often suppresses a business’ power to make use of the money when it is most needed. Alternative loan providers go on a far more personal approach that enables smoother experience for both parties.

Explore All of Your Options

Other sources of funding may come from your relatives and friends who are willing to invest in your business. In many cases though, while friends and relatives are willing to invest on a family member’s business, there are still difficulties along the way as not all them can be trusting. The problem for several business owners and entrepreneurs is they do not take into account all their alternatives. By looking into all options available, a business may thrive without too much worry of how to fund their business in the long run.

Getting engaged feels like one step closer to seventh heaven; but you can’t say it really is if you and your betrothed are financially hard up.. The problem is not the wedding per se, because engaged couples can always do with a simple civil wedding if tying the knot is the only issue.

Marriage after all is more than just changing status, it is actually a whole new life with someone who thinks the world of you. Yet what if there are things a betroth needs to know regarding an intended spouse’s true financial conditions? Like some student loan that is still hounding a partner and his or her present earnings; or a heap of credit card debts that has been saddling one’s personal finances since time immemorial.

Even if a set of parents or both sets of parents are extending offers of shouldering the wedding spend, problems regarding money does not end there. In fact you are likely to get into bigger financial woes. What if your spouse-to-be has plans of buying a house and of having lots of children? That being the case, you cannot just let your fiance’ or fiancee make plans without him or her knowing that you still have personal obligations to settle.

If in learning about your real financial status he breaks up with you, there is no reason to bawl over the breakup because it means your future marriage would have been doomed from the very start. If he says it is okay, and that the two of you will find a way to work it out, it means he truly loves you no matter what.

However, it will not be wise to readily agree to push through with wedding plans. In these days of economic uncertainty, happily ever after has greater chances of happening if both parties to a marriage are financially stable.

Putting Marriage Plans on Hold is Better

According to Suntrust Bank, their studies about marital relationships revealed that financial problem is a leading cause of marriage breakups. Thirty-five percent (35%) of those who participated in the bank’s survey specifically identified money as the primary cause of troubles between them and their partner. Of the divorcees surveyed, fifty-nine percent (59%) admitted that financial setbacks were major contributors to the breakdown of their marriage.

In a separate study conducted by leading credit report provider Experian, twenty percent (20 %) of those surveyed gave confirmation that financial discord posed as a significant factor in their divorce.

Even financial experts recommend for engaged couples to sort out their personal financial obligations first before taking the plunge. Most millennials are actually making plans to reach financial goals first as their initial step in planning a wedding. Peter Walzer, President of the American Academy of Matrimonial Lawyers (AAML) commented that they are no longer seeing couples aged 20 or thereabouts getting married. Instead, they are seeing 30-something couples tying the knot but with some, still finding it difficult to stay married.