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Why Is Insurance Important For Small Businesses

Small business insurance is simply a type of business insurance specifically designed for smaller businesses. If you run a small business, your needs and priorities are likely to be different than those of a large national chain.

You should not forget that your company is adequately protected some types of insurance. Staying competitive also often means providing insurance assistance to your employees.

Why do you need small business insurance?

Small business insurance is there to help you when your business encounters unexpected difficulties that can ultimately lead to damage and loss of income. With the right insurance coverage, small business insurance can help you get back on your feet. It covers the financial consequences of the damage if you have to close for a period of time. It can offer important protection to small and start-up businesses, because a loss of profit can seriously affect your business.

Some types of insurance are required by law, such as public liability insurance if you have employees and motor insurance if you use a vehicle for work. However, what other insurance coverage you need depends on your business.

Sim Gakhar

Do you need special insurance for your company?

Whether you run a guest house, work from home, or own a restaurant, your business insurance needs are different. The size of your business can also make a difference. Large companies may need higher insurance coverage. Small and medium-sized enterprises specializing in a specific or unusual service/product may need custom-made insurance.

It is important to assess the risks your business faces and select appropriate insurance. For example, if you are an accountant or a lawyer, professional liability can cover you, as it defends against unjustified claims against you.

What insurance covers risks if you work from home?

It depends on what type of business is being run. You should insure any business activity. If you have appliances or inventory at home, you may find that your regular home insurance does not cover you for loss or damage. You may even find that working from home will void your home insurance if you have to make a claim.

So better play it safe. Therefore, if you are working from home, carefully review your insurance records to find out if you are covered or if you need to purchase separate insurance.

Sources of Information for Business News

Anyone who wants to understand companies, finance, sectors and markets today is exposed to a flood of information par excellence. Globalization and digitization are leading to economic interdependencies that outsiders can hardly understand at first glance. Many online news offers with questionable sources of information cause even more confusion. On the other hand, you can guarantee that high-quality, intensively researched business journalism brings light into the darkness.

Business magazines as a source of information for decision-makers

For all those who make economic decisions and are interested in economics, the ongoing upswing is of course no reason to put your feet up. Economy is complex and dynamic. The topics range from investments and financial markets, funds and old-age provision, to buying and renting real estate to companies. The global economy and professional topics such as training and careers is a decent range that business magazines cover.

Advertising Your Business In A Newspaper

Daily newspapers are one of the most important advertising media of all. Due to your high level of credibility and your local orientation, you are ideally suited to transporting the advertising messages of local retailers.

Readers highly value the daily newspaper. They also check the advertisements it contains. 80 percent of newspaper readers find advertisements in newspapers credible and reliable. 81 percent are of the opinion that businesses that advertise in newspapers are reputable.

Newspapers: The number one online

Whether printed, online or mobile, people use newspapers intensively. As a result, newspapers take first place among the leading online and mobile offerings. With their digital offerings, newspapers reach more readers than any other website.

What is a Cryptocurrency Exchange (Digital Money Changer)?

A cryptocurrency exchange (digital money changer) is a place for trading digital currency. In fact, cryptocurrency exchanges are the most common place to trade digital currencies and bitcoins. An example of a cryptocurrency exchange is the Bybit cryptocurrency exchange (바이빗) which offers 100x maximum leverage.

Transactions on cryptocurrency exchanges are often done as pair trading. People can trade currencies in pairs. For example, the Bitcoin Atrium currency can be traded in pairs. This is called an “exchange”.

Read also: Forex Trading Or Stock Trading – A Few Major Differences

Cryptocurrency Exchange Specifications?

These online sites are dedicated to cryptocurrency exchanges and offer various features for forex traders. In order to use this site, you must first register. Once registered, you may use all the functions of the site.

For example, an exchange can be used as a digital currency wallet. Every money changer has their own wallet. If you register there, your wallet will be activated.

The most important feature of these money changers is the buying and selling of digital currencies. You can also select the order or loss limit. In this case, your currency will be automatically traded by the exchange.

The activities of cryptocurrency exchanges are similar to those of traditional market brokers, but there are many differences. These exchanges are the easiest places to buy and sell digital currencies. However, there are many options available today, including OTC transactions, margin, and futures contracts.

Of course, with all these features, the security of the wallet in these places is not high, and therefore it is not possible to ensure the security of the exchanges and make assets available to them.

There are a few cryptocurrency exchanges that offer margin trading. Margin-Trading is trading that allows you to use a large amount of money borrowed from someone to trade based on the money you already had.

How to open an account with a cryptocurrency exchange

Depending on the country where a currency exchange is located, it is required to define its rules and regulations according to the laws of that country. Many cryptocurrency exchanges sanction the countries under US sanctions for legal reasons.

In general, every money changer in the world needs at least one authentication model to authenticate the account. Although it is possible to trade without authentication, in this case, access to services is limited.

Many currency exchanges allow users to open an account without authentication. However, these accounts have some limitations when it comes to depositing and withdrawing from the account.

For example, if you do not authenticate in Binance, you will not be able to withdraw or deposit more than 2 bitcoins. This is no small amount. So if you don’t have authentication in Binance, you can also trade. The most important thing about this money changer is the IP of the user that needs to be determined. This means that you cannot log into your account with a different IP every time, for which many websites are active in this area, including the fixed IP of Fitnet, Express, and Rolling.

In general, the initial authentication of the person requires a passport photo or user ID card. It then turns on two-factor authentication and has a secret password or Google Authenticator. This code is reproduced every 30 seconds and must be entered by users into their accounts each time they log in.


How Do Business Journalists Work?

Business reporting is broad and diverse. It’s not just about sober numbers, but always about the people.

Topics for reporting

The focus is on the question of how the modern business editorial department works and which focal points arise in the reporting. Business journalists must know hot find topics for reporting. They collect ideas, exchange experiences and develop research concepts.

Social media in business journalism

It’s also about finding the right journalistic form, for example, news, feature or report. An interview plays a special role in economic reporting. It is important to choose the right people to talk to and to develop a list of questions.

There are tips and suggestions for implementation in local and regional reporting. The influence of social media in business journalism is also increasing. Twitter, Facebook and others are platforms for research, discussions and self-marketing.

More Productivity w/ Business News Fewer Messages

As a stock investor, it is of course important to read and analyze news. It’s only when you read everything you get on the table that it becomes impossible to concentrate on the core tasks.

It is of great importance to set up a filter to distinguish spam from really good and informative messages. If you manage to process only half the information, you already double your productivity.

Is the business news information descriptive of the past or forward-looking?

In order to be successful with stocks, one of the most important elements is to correctly assess and evaluate the future development of a business. If you are right in many repeated cases and also against the general trend, you will be successful. So you have to look for the answers that may point the way to the future. Good news and analysis do this.

The Benefits of Reading Business News Online

Nowadays most people stick to their tablets, smartphones, or laptops.  These are normal gadgets that you can carry at any time. Therefore, these gadgets allow you to check the business news online anytime anywhere. This makes it more convenient than taking a printed newspaper with you wherever you go.

Read the latest news online

You can read the latest business news quickly online. Newspapers are the medium to get informed about the latest news from all over the world. They are no longer read in the traditional way that often, but online via smartphone, tablet or PC. They still kept their importance, namely to inform the readers extensively about information and events from all over the world.

Benefits of Reading Business News Online

Reading business news help you get the advice you need in your field. Business news is vital for any business.  They offer a thorough examination of the business world.

Why prefer to read online business news

Magazine or newspaper subscription costs money. In contrast, you do not have to pay when accessing information online. Business news on the internet is free of cost.

When it comes to gaining access to information, you can access the news without any cost. Moreover, websites update their news information regularly so you can update yourself with current information. You have the chance to read breaking business news that sites post in real-time.

Isn’t A Lawyer Required In Business

Without a great business idea and some initial funding, no company can succeed. Competent lawyers’ services are not cheap. Only small consultations on simple issues are available for free. Furthermore, some tasks cannot be completed without the assistance of a lawyer. About legal issues that business owners can solve on their own as well as those that require the assistance of a lawyer.

When a lawyer is not needed

Business plan
Many aspiring entrepreneurs, small businesses, and start-ups are able to secure funding from large investors. When deciding who to help, the latter usually considers not only the project’s idea, but also how well-thought-out and written the business plan is. A business plan is a work schedule for a specific period of time. Potential investors are introduced to him. There are no legal nuances implied in the business plan. The type of business and OKVED are required, but nothing else. As a result, you can draft it without consulting a lawyer.

Name of LLC
The process of coming up with a name for an LLC is a creative one. It’s unlikely that someone will name their creation after the first word that comes to mind. However, the assistance of a lawyer is not required in this case.

Organizational and legal form and opening a bank account
At the outset, you must decide how your company will operate. At the outset, most people must choose between an individual entrepreneur and a limited liability company. These are two fundamentally different forms, and understanding their features and differences is necessary before choosing the best one. The distinctions are made based on the type of activity, investment potential, and the number of owners. The difference in responsibilities between an individual entrepreneur and an LLC is substantial.

Purchase of a domain for a website
The stage involving the purchase of a domain for the site and the creation of the site itself necessitates more effort, but a lawyer’s services are all the more unnecessary at this point. Domain names are registered by a variety of companies. It’s critical to only contact accredited registrars.

When to contact a lawyer

It becomes more difficult to handle all of the tasks on your own as the company grows. We need to increase our workforce, hire new employees, and reach agreements with other organizations. You might feel overwhelmed, or you might simply stop dealing with the stress. In this case, contact an experienced lawyer to resolve one-time issues is recommended. Not all lawyers are knowledgeable about all of the issues. As a result, you should go with a business that specializes in doing business. The following situations may necessitate the assistance of a lawyer and LA Century Law.

Creation of a company with complex legal relationships
The company’s operations may become more complicated, necessitating the assistance of a lawyer in some cases. This usually happens when the participants need to enter into a corporate agreement, the owners sell the company, or the company seeks investment. A corporate agreement is frequently required for companies with two or more founders. An agreement between the founders on the exercise of their rights is an example of this type of agreement. The goal of such an agreement is to keep the company from becoming bogged down in deadlocks, potential conflicts, and other issues. Attracting external investment comes with both obvious and hidden benefits. The investor is looking for the best possible terms for himself. In most cases, a company will be required to accept its terms. Nonetheless, a lawyer is essential for gaining a complete understanding of the investment process as well as for negotiating.

Importance of Reading Business News

It is very vital for business people to be aware of what is happening around the world.  This way, they can know if the present situation can affect their businesses in many ways.

Business news is relevant

Now when you constantly check news from the newspaper or internet, you get to have relevant information. This helps in evading any form of rumours and taking decisions of your business accordingly.

Business news improves critical thinking skills

Managing a business is not easy. You must invest a lot of effort and time so you can come to moneymaking decisions. If you update yourself with the news every day, you develop a pattern of critical thinking. As a result, you are able to make better decisions.

What is a Business Strategy?

A business strategy is basically a document and plan mentioning how a company is reaching out in attaining its business goals. Therefore, these strategies include different types of principles, which outline the ways in which the company can reach its goals.

How do we develop a business strategy for any business?

  1. Marketing.

Marketing strategy is all about considering the resources available to the company and finding a way to make sure to deliver these strategies in the most creative way possible. The popularity of the Internet has produced a new generation of Internet marketers to address their marketing to the E-Market.  This means the marketing strategy maybe a little bit different from the traditional market since it is directed to a different audience. Internet marketing makes use of a lot of tools like, email marketing, website development, massive opt-in list, online purchases, bank links and a lot of other methods. Determine the right market and channel to sell your products. Channels can be, TV, radio or Internet. Use a market that mostly used by your customers.

2.Business Goals.

It is the responsibility of the business owner to determine the direction of the company. As an owner you should communicate clearly your vison to your staff. Your workers need to understand how you want them to accomplish your vison.  Take the time to create concreate business goals or targets for the year. Ask your employees suggestions on how you can improve your business.


Business and Social Media

Most business understand the importance of Social media marketing but some struggle to know where to start. A big mistake for many businesses encounter is trying to tackle Social media all at once. We know it can be overwhelming for many especially for new entrepreneurs. It is important to take it slow, invest on the right one or two platforms that would work best for your business. If your goal is community and relationship building, you would want to focus first on Facebook. If you’re more focused on brand awareness and discovery, then Instagram may be best for you. Once you’ve chosen which platform you’re going to focus on, you will need to determine your content strategy. A big mistake that many business owners is to haphazardly post content.

Research show that more customers are actually going to go to your social media channels before they’re even checking out your website. So, you want to make sure that everything you post is in line with your brand’s mission and aesthetic. Be authentic to who you are. Show some personality. Social media is a great way to show a lighter side to you and your brand. Be sure to establish a voice and be sure that all brand messaging falls in line. Even if you’re a small business, you can create a really strong loyalty on social media as long as you stray consistent and transparent.

Why Invest in Trade

Why do some people feel that trading is the best business model in the world? Essentially as a trader you are running an online business, like any other. For some they feel that there are some key advantages with the trading model. This is not being disrespectful to any other industry or any other business because it takes blood, sweat and tears to start any business.

Here are some common misperceptions about trading:

  • It’s gambling
  • It’s high risk
  • You will never be able to compete with the pros

As a trader this is not the case. Trading is still a business, you are still considered an entrepreneur. When you become a trader, you are simply setting up an online business, you become and entrepreneur but with so many advantages.

Here’s the reality of trading:

  • Online business, no customers and staff.
  • Geographically untied
  • Low startup costs
  • Flexible working hours
  • Liberating a lifetime financial skill
  • Unrivalled returns

How Important Are Small Businesses?

We hear a lot about large companies and businesses in the news. But small businesses is the engine in many economies. In America alone, it is home to more than 30 million small businesses that employ roughly 60 million workers. And when you add owners and employees together, that’s a community of about 90 million hardworking Americans dependent on the success of small business which is most of the private-sector workforce. Small business owners are America’s most important job creators. US small businesses accounted for almost two-thirds of the net new jobs created over the past 10 years. In 2012, small businesses created more than 2.1 million net new jobs. Small businesses are the country’s main job creators because they are often growing and looking for new markets to expand. To do so, they need additional employees along the way. Large businesses on the other hand, generally stay the same size, hiring new employees to replace departing ones. Unfortunately, high taxes and recent Government regulations in health care, finance and labor disproportionately hurt small businesses and prevent them from growing and adding new jobs to the economy.

Big businesses with big profits can afford to comply with red tape in a way that small businesses just starting out cannot. As a result, small businesses still haven’t recovered completely from the pandemic and it shows by the chronically weak labor market. More than a 100 million Americans are not working or actively looking for jobs. To bring small businesses back, and strengthen the job market, job killing taxes and regulations must be rolled back. Job creators should be encouraged to hire more employees, not forced to reduce career opportunities. With a 100 million people depending on the success of small business, it’s easy to see why small business is too big to fail.

Forex Trading Or Stock Trading – A Few Major Differences

Investing is the way you take charge of and make plans for your financial security. It makes it possible for you to multiply your wealth as well as generate a stream of supplementary income if you need it before your retirement comes. Different investments like ETFs, bonds, or stocks will supply you with growth in your wealth or additional income. However, in several cases, both are provided.

If you intend to make an investment in the forex market, stock market, cryptocurrency market, or in other investment products, it is important that you have access to a user-friendly trading platform by hiring a reputable and legitimate broker.

Founded in 2017, ROinvesting provides its clients robust trading services at a reasonable cost. This Cyprus-based broker offers professional and retail clients access to an array of global financial markets. Despite it being new, it has won a number of awards, which includes being the top CFD trading broker. ROinvesting works both for beginners and professionals alike. Check out ro investing review to find out more.

Forex Trading Or Stock Trading

Before you begin investing, it is important that you determine which investment product to invest in. Traders would frequently make a comparison between stock trading and forex trading. While they are interrelated, the stock and forex markets are immensely different.

When deciding to trade stocks or forex, you will need to compare and contrast both markets to know which best matches your needs as well as your trading style. Furthermore, this will allow you to make more informed trading choices and decisions. Let’s have a look at some of the major differences between the stock market and forex market.


Generally, a market trading in great volumes has great liquidity. This would direct to tighter spreads as well as lesser transaction fees. Major pairs in forex would typically have very low spreads and cost when matched up to stocks, making it a major advantage of forex trading.


When it comes to trading volume, the forex market is bigger that the stock market. On a daily basis, forex is approximated to have a trade volume of $5 to $7 trillion, where majority of the trades are focused on some major currency pairs such as EUR/USD, GBP/USD, USD/JPY as well as AUD/USD. On the other hand, the average daily trading volume in the stock market is $200 billion. The trading volume provides traders many benefits as high volumes would mean traders could usually get their orders effected easily as well as nearer to the values they want.


Forex is an OCT market which means that transaction isn’t done through traditional exchange. It is facilitated via the internet market, allowing trade to carry out across the globe during business hours as well as trading sessions in different countries. Hence, the forex market operates 24 hours for 5 days a week. On the other hand, major stock indices are traded at varied times where various variables affect them.

Is It Profitable to Sell Your House Now in Presence of a Pandemic

Miniature House and a Key


It is irrelevant if you’re considering selling your residence, have put your home on the industry, or have a pending agreement of purchase, items that are out of your hands can hamper your plans. Natural disasters, regional or state mandates, or perhaps the present COVID-19 outbreak are examples of problems that may affect the home-selling picture.

Before abandoning the attempts of selling your home throughout the COVID-19 pandemic, then seek the advice of your property representative to sell house fast in UK. There are strategies to correct your house-selling pursuits and stay focused on getting the home sold.

Virtual Home Viewing

Because conditions outside your control might preclude homebuyers from visiting your home in person, today would be a fantastic time to think about investing in a digital tour of your premises. There are loads of men and women that want to know more about home searching but are restricted to their houses. Producing a digital tour lets you incorporate your house to your benefit and enables today’s buyers to look at your house at their own convenience.

Alongside walking through your residence, a virtual home tour provides an extremely realistic experience. Potential customers can have a virtual walk through your home and receive an in-depth perspective whilst still maintaining proper social bookmarking. Once created, your realtor can place the movie on societal stations, for example, YouTube and about the real estate broker’s site, to secure more prospective buyers interested in your premises.

Before you begin recording the home tour on your phone, reach out for a real estate representative for a number of hints on applications, staging, and lighting.

Accepting Offers

You might still be wondering, “If I sell my own home throughout the COVID-19 pandemic?” When an offer comes directly by a purchaser in a period of falsified isolation or pre-order arrangement, your realtor can nevertheless present the deal almost employing any range of teleconferencing programs or solutions.


ALSO READ: What You Need to do When Starting a Business


Remember that buyer supplies during exceptional events might consist of addendums that will address possible flaws. All these addendums could cover matters such as stretching the final date and tackle concerns about too few inspectors or appraisers; a party’s inability to visit sign files; a celebration has been subject to a compulsory quarantine; and closings or delays in related administration and business solutions, including closure of creditors and title/escrow businesses. Rely on your realtor or legal adviser that will assist you to realize the demand for and significance of these addendums before taking an offer to purchase your house.

Is The Deal of Sale on Pause?

In times of state or national emergencies, it’s not abnormal for closings to become postponed. These kinds of emergencies influence both sellers and buyers. Assuming that both parties wish to shut the home sale, there’s space for collaborative and creative solutions. Function with your realtor to manage a deadline or even shutting extensions that fulfill the requirements of the parties and lead to a final.

Everything You Want to Learn about Signing Legal Documents Practically

Social distancing regulations particular to the events occurring in your area might have an influence on how a common sales transaction occurs. During an interval of falsified isolation or pre-order arrangement, your area may enact exceptional legislation that embraces distant notarization, virtual e-signing, and digital deed recording. These exceptions are made to briefly smooth the real estate process. Speak to a realtor or lawyer about the possible usage of virtual signatures onto the own arrangement of purchase and closing records.


The Pros and Cons of a Business Plan

A well-defined and updated business plan as a business proceed will lead it to success. A business plan serves two main purposes:

  • It serves as a business’s road map. Banker venture capitalists and other folks who see a lot of business proposals have discovered that viable ideas are important. The idea itself won’t make or break a business, the person behind the idea and the idea’s execution holds the key to business success.
  • To attract capital through loans and investments. This points out why every business should have a plan even if you do not tend to solicit outside funding.


Pros and Cons of a Business plan:


  1. It helps understand financing by:
  • Budget forecast
  • Expected costs/revenues
  • Break even output
  • Manage risk
  • Cash-flow forecast
  1. Increase chances of obtaining external finance.
  2. Allows closer inspection of the various business areas.


  1. For most business this is only a plan, reality likely to be different
  2. Who made the plan? Do they have business experience? This may lead to the danger of inflating revenues and deflating costs. Liquidity issues may arise.

What You Need to do When Starting a Business

Opening a business involves many things. These are important to help your business grow and be successful.







Here are some important things needed when you start a business:

  1. Write a business plan. List down your goals and objectives for your new business starting with a detailed outline of what you plan to accomplish.
  2. Obtain start-up capital. Whether you use your own savings or avail loans, starting a business requires money and this process my take long to complete. Always start early.
  3. Satisfy Business Licensing Requirements. Most states, county and local governments require any business to have licensing before they can begin to operate.
  4. Establish a Website. Nowadays, it is vital to establish a web presence. Having a website is essential in today’s business world of Internet searches and Social media. Register a domain that is relevant to your company or industry.

Businesses That Will Boom This Year

We are currently living in the most uncertain times in the millennium. The pandemic caused by the Corona Virus has changed the way we meet, the way we invest, the way we buy and most specially the way we do business. There’s no doubt that this isn’t just the period when economies slow down. This is a period of change.






Success in business is met by fulfilling a need or want. No matter what industry you are catering to. If they are successful, that means you are successfully filling a demand. Businesses that have many clients solve problem that many people have. The more critical that problem is the more demand is going to be. This is the reason why people buy. They do it to fulfill their desire or need.

Here is a list of business that will boom up this year.

  1. Logistics and parcel delivery – The logistics market is estimated to boom for the next few years. This is a big industry and it’s continuing to get bigger.
  2. Health and Hygiene related businesses – Before the pandemic, it was perfectly normal to shake hands with people you just met, hold hands or hug and kiss friends. These days’ people are very concern with having physical contact with anyone. They make sure to sanitize at all times. Many use “safety” as the selling point to convince people to buy their products.

2021 – Year of Recovery

The year 2021 is a hopeful year for many businesses. Many companies and businesses are bracing and hoping to recoup from their losses because of the pandemic. Many businesses are hoping that countries will ease lockdown restrictions. The hope is strengthened because of the news of the vaccine being given to the public. However, the challenge is how to bring back consumer confidence at this time. Many businesses like malls have opened its doors to the public but the confidence of people going to these establishments are still in question. Many business owners claim 2021 to be a year of recovery. They are hoping and praying that the year of the Ox will be a better year for everyone.


Knowing the world’s largest economies

Accordingly, Britain is in danger of losing its place.


The five largest economies in the world


The US’s gross domestic product was the equivalent of 17.92 billion euros in 2018. The country tops the list of the world’s largest economies, well ahead of number 2. A growth path is still in sight for the future, albeit a little more slowly than before. The trade dispute with China, in particular, is having a negative impact on economic growth.

In this connection, a lot of people in America are investing in Coinomize: Best bitcoin mixer.


The growth of China’s economy has slowed. The crisis with the USA contributes enormously to this. Compared to the previous year, growth was “only” 6.6 percent, which is the lowest it has been in 30 years. But: China is the second largest economy in the world and the gap to the USA is narrowing.


The economy in Japan has been growing continuously since 2012, albeit at different rates. The GDP grew by 0.94 percent in 2016, by 1.71 percent in 2017 and by 1.21 percent in 2018. The population of Japan is one of the wealthiest in the world, especially the middle class is very broad.


The economy in Germany continued to grow in 2018, to a gross domestic product of 3.69 billion euros. Further growth is expected for 2019, albeit weaker than in the previous year. The situation in Great Britain will also have an impact on Germany.

Great Britain

Great Britain still ranks fifth among the largest economies in the world. The UK’s GDP was 2.57 billion euros in 2018. The uncertainty about Brexit already severely inhibited economic growth in 2018.

India could oust the UK from fifth place

As a result of Brexit, the British could soon slip to seventh place. Number 5 of the world’s largest economies could then be India, the former British colony.

In 2018, India ranked seventh among the world’s largest economies after France. Economic growth in the emerging market is expected to be 7.6 percent in 2019. That is significantly more than in the industrialized nations, which means that France can be overtaken.

Is Holiday Shopping Safe?

Aggressiveness is the key to avoid the spread of COVID 19. We have to be serious in preventing its spread. 

The US Centers for Disease Control and Prevention says Christmas shopping in jam-packed stores is a dangerous and unsafe activity during this pandemic. They have advised to be in crowded areas and confined spaces at this time. The agency suggest to do shopping online, visiting open air markets or utilizing errand services, where riders bring goods  right to your doorstep is recommended. If there is a dire need to enter a store, go during off hours when there will probably be fewer individuals. Wear a face mask and face shield and stay at least 1 meter away from each other.  Always bring a hand sanitizer with a potent effect. Once you get home make a change of clothes outside your home and take a shower to make sure that you are not carrying the virus.

Retailers have done a range of things to make customers feel safe. Some check customers’ temperatures at the passageway, for instance, however a contaminated person might not have a fever and is still capable of spreading the infection. The plastic barriers among clients and clerks are not also enough to halt the spread of the disease. In the event that the air in a store feels stodgy, this indicates poor ventilation, and you should leave.

Starting a Business in the New Normal

The year 2020 has been very challenging for many small business owners. They are hot the hardest during this pandemic, some are even close to bankruptcy. Many have crawled their way up to survive this crisis. This pandemic has drastically change their approach on how small businesses operate. Business owners and customers are adjusting to the so-called new normal. With these changes comes a number of opportunities for those who would like to start a new business in this era of COVID-19. Before starting a business one should closely look whether the product and service you’ll be offering in the market fits the current consumer needs. We should also look at how to budget and continually finance this business taking to consider the fast changing environment. 






New entrepreneurs should always consider the following when thinking of establishing a new business during this times:

  1. Ask the question, what service and products will I offer and why offer it at this time?  You should always be well equipped to give a new and unique line of products and services
  2. Look for businesses that are in demand in different areas. Take note of what people are searching for. Think of what they are in need of at this time and how your business will be able to serve these needs. Observe other companies’ in various categories. Compare them and make this as your basis for growth and improvement.

Renters Insurance – What Is It And What Are Its Benefits?

Some renters think that a landlord’s property insurance policy is enough to cover damage, injury or loss. While a landlord’s property insurance covers losses or damage to the belongings of the landlord and the building itself, your personal properties as well as certain liabilities aren’t. If you are renting a place, whether an apartment, a condo, a house or a bedroom, getting a renters insurance is advisable.

What Is A Renters Insurance?

As a tenant or a renter, you will have to look and pay for a renters insurance so as to cover your personal belongings in case of damage or loss due to circumstances that apply to your insurance policy such as burglary, fire or hurricane. Such insurance could also cover medical expenses when you accidentally hurt or injure yourself within the property you are renting. A renters insurance is offered by many insurance companies and are often tailored to suit the distinct needs of renters. Unlike other kinds of insurance policies, a renters insurance costs relatively low as the average annual cost is only $180. However, prior to purchasing a renters insurance plan, you have to make certain that you know and understand what the policy covers as well as how it could protect you from the unexpected.

How Does It Work?

When you file a claim on your renters insurance, the insurer will have to carefully inspect the damage or loss and establish its the monetary value. If your insurance claim is approved, you could receive reimbursement in one or two means based on the structure of your policy:

  • Actual Cash Value. With the ACV method, you are given reimbursement after the age of every item covered is accounted for and discounted for the depreciation or devaluation that has transpired throughout the years to reduce its value. Typically, the ACV doesn’t go over or equate to the market value, however the premiums are likely to be much cheaper.
  • Replacement Cost Value. Unlike ACV, the RCV replaces your possessions or belongings with items that are similar to them and at their present market value. This means that depreciation, or wear and tear, isn’t a factor. But, RCV premiums are around 10% higher compared to ACV premiums.

What Are The Benefits?

Having a renters insurance plan is extremely crucial if you are renting a place to live as it covers certain common liabilities as well as provides you peace of mind in terms of finance. In the event that something does unfortunately happen your possessions, a renters insurance plan aids in covering the cost.

Those without renters insurance are almost certainly to pay for replacements or repairs for damaged items using their own money. This could be much more expensive and unaffordable compared to paying for a monthly or annual renters insurance that will cover these damages or loss.

The Big Players’ Trading Approach

Let us realize that all market participants swim in the same shark tank. However, the balance of power is unevenly distributed and some participants leave their mark on the market.

Bank Trading Secrets: How to Trade like the Banks!

Central banks are among the most important participants in the forex and bond market. Central banks are responsible for monetary policy in the respective currency area. They conduct foreign exchange transactions and change key interest rates, This impacts forex brokers like XMTrading and this means that the remaining big players make new investment decisions. This in turn ensures price movements that we speculators can use to our advantage. Of course, only if we know why an asset is moving in the corresponding direction.

In addition to the central banks, investment banks and hedge funds also ensure movement in the market due to their size. Many pursue a “global macro strategy” and are very successful with it. New trading is nothing else than what we do at TradingFreaks.

Here, macroeconomic events are used as an opportunity to plan and execute a day trade or swing trade.

Of course, not all news or events are relevant to the market. There are days when there are no important economic data releases, no key interest rate decisions, no escalating politicians, and on which classic “trend trading” can work in short time units.

Market phases alternate constantly and as a trader, you have to find out when your time has come (and when not).

What news is interesting for traders?

As a trader, your job must be to find out which news move the market and which are irrelevant.

We start with the influencing factors in the forex market.

We consider two broad categories:
1. Geopolitics
2. Monetary policy

We pay attention to market-relevant news and economic data from these two subject areas.

  • Important economic data are indicators for the central banks. Since we know how a central bank works and what it will do (changes in key interest rates), we can take advantage of such events.
  • In times of crisis, the yen is chosen as the safe-haven flow. We use the JPY as a strong currency, especially in politically unstable times. Accordingly, the money will flow out of the JPY when the situation calms down.
  • If a central or central bank announces a “dovish” measure and this surprises the market, then the rate of the currency falls. In the picture above we see this case in EURSEK.

In addition, there is another example for the stock market: The profit warning in the Thyssen share ensures further downward pressure after opening with a gap down.

  • The right news ensures that market participants reposition themselves. The increasing volume often leads to spikes and trend changes that we can use perfectly.
  • Even if a trader does not sit directly on the screen to publish the news, he can still use the fresh sentiment a few hours later. This trading approach is also interesting for working people!

So you see that news can be traded. The crux of the matter is to concentrate on the right news in trading and there are many misconceptions. News trading is a strategy used by investment banks and hedge funds on a daily basis, and we can do it the same way.

Remember: The most important thing for a private trader is to have a proven trading strategy. Tried and tested means that it has brought in constant profits over a period of at least 6 months without a large drawdown.


Norway, Still the Global Leader in Seafood Exports; But for How Long?

Despite the pandemic, Norway was able to make headway as world leader in providing safe and healthy seafood; having already surpassed its 2019 export values.

So far, with still a quarter to go before the end of 2020, Norway’s seafood exports to date has already reached a total of NOK 76.7 billion. When compared to the figures for the same period last year, current Norwegian seafood exports posted an increase of NOK 623 million or nearly one percent (1%) of its 2019 achievement.

CEO Renate Larsen of the Norwegian Seafood Council took pride in announcing that

“We are managing to stay ahead of last year’s export values since we saw a strong start this year even with a weak Norwegian kroner, there were higher export volumes and individual product processing. Although there was a slump in the export values of clipfish cod and shrimp, other species like herring, mackerel, and their related products are yielding the largest increases in values.”

Increased Demand in Processed and Frozen Seafood Products Identified as Main Cause of Decline

Minister Odd Emil Ingebrigtsen (H) of Fisheries and Seafood noted that the impressive record high export values achieved by the country in the past nine (9) months, demonstrate that the seafood industry has many legs with which it can stand. During a period that was marked by several uncertainties particularly the COVID-19 health crisis, a closer look at the achievements in the past three (3) quarters gives a clearer picture of how growth was achieved.

When Norway went into lockdown due to the pandemic, the industry’s second and third quarter export values went down by three percent (3%) and five percent (5%), respectively. Yet the seafood industry had a good start in the first quarter of 2020, in which the export values saw an increase of 11%,

When compared to the value achieved in September last year, there is actually a decrease of two (2%). A decline in the demand for clipfish along with other seafood products was the main cause.

According to the Norwegian Seafood Council, several markets are seeing an increased demand for processed and prepacked seafood, as these products like frozen fish and clipfish have longer “sell-by” dates. Nonetheless, the council reports that the Norwegian seafood industry has proven agile enough to shift productions in order to meet current consumers’ needs and preferences.

As an aside, some consumers are experiencing financial difficulties, while needing to meet certain extraordinary expenses, such as house repairs, car repairs or major medical expenses not covered by basic healthcare. While taking a loan is a viable solution, it would be wise to check out our website, långuiden, where consumers can get adequate information that serve as guides in looking for the right loan provider.

COVID 19 Still Increasing In Europe, Mask Orders Implemented

As the whole world suffered greatly because of this pandemic many have suffered. Cases are still increasing in Europe causing businesses to shut down. The Government on most European countries has ordered the use of a mask. A mandatory order of using face masks is in effect to stop the virus’ spread. The summer season is in peak across Europe. But many businesses are still threatened to remain closed due to the deadly virus. The supposed fun atmosphere is still far fetched in many parts of Europe. Nightclubs, leisure, and amusement parks are still not allowed to operate. Fireworks are also banned this summer in Europe.

Covid-19 pandemic: Mandatory Face Masks For All

Business as Usual? Let’s see

A lot of businesses were affected by the Covid-19 outbreak. Unless, you are operating online then most probably you are in a “business as usual” status. But for the land-based counterpart, reopening after the situation may be a bit of a challenge. To overcome this, it will be necessary to place an effective communication plan in spreading the message among your customers.

As several businesses are preparing to reopen, among the biggest questions they are trying to figure out is how to communicate their plans to their consumers effectively? Business owners should not just update their audience on the availability of their product and/or service or about their hours of operation. It is imperative for businesses as well to explain new safety and health protocols that they put in place to prevent the spread of the virus even further.

Communication is the Secret

Communication ought to be done right. This is critical to the overall success of your business, especially during the post-pandemic that the world is experiencing. The reason for this is that, consumers are seeking for businesses that would make them feel secure and safe. So, if you are an entrepreneur and planning for a communication strategy of announcing about your reopening, then considering the tips below may help you out nail it!

Create a Unified Message for several Channels

Many communication experts do agree that whatever message is sent today must be relevant, considerate, timely and empathetic of the customer’s current problems and needs.

So prior to any announcements you are planning to make, meet with your staff to have assurance that everyone has thoroughly understood the message you are about to send out.

After having the core message in place, this is when you can start creating a copy as well as creative assets for the platforms below:

Website – you have to update your homepage so your protocols and plans for reopening are at the center and upfront when your customers start searching for you. In case your website has a live chat feature, you might want to set automated message that’ll pop-up recapping the most important information.

Social media channels – it is essential to create a series of posts for each platform that your business is using. This is going to be an effort on your end in consistently pushing the message leading to your business’ reopening. Providing frequent updates regarding your operations and staff shows that you’re back in business and proactively addressing consumer’s needs.

Travel Industry On The Abyss, Demands Protective Measures

The crisis is an existential threat for many companies – from the souvenir shop on the corner to the travel group. What protective measures can the government do so as not to bring the industry permanently into the abyss?

Government policy around the world to contain the corona pandemic is severely restricting public life. This inevitably brings travel and tourism to a complete standstill. Many countries have imposed travel and entry restrictions – including many tourist-relevant vacation countries. Many countries have issued a general travel warning. The tour operators, therefore, cancel package tours. As of today, trips abroad are no longer possible. It is now clear that this also applies to domestic trips.

Due to the dynamic spread of the coronavirus, the entire travel industry is faced with an unprecedented crisis situation which it is not responsible for and which it cannot influence through its own business decisions. From the point of view of the travel association, it is, therefore, necessary that politicians – in addition to the economic measures – put up a protective shield.

Suspend cancellation policies to protect business and consumers

Due to the currently increasingly necessary cancellation of trips, tour operators and travel agencies have an extraordinary need for liquidity, because customers have a legal right to reimbursement of the paid travel price or the down payment. The applicable cancellation rules in travel law are not suitable for such a major crisis. Therefore, we call on the federal government to compensate the commissions for travel agencies and the cancellation costs for tour operators as part of a grant. If this is not implemented in a timely manner, the immediate repayments based on the applicable cancellation rules must be suspended immediately to protect the company and consumers or replaced by travel credits will. For this, the travel industry needs the support of politics. With these steps, liquidity can be maintained in the entire travel industry. That protects consumers and the economy.

While the travel industry is presently suffering the measures to control the corona pandemic, taking out a loan may not be a good option but it is still a choice for many in the travel industry. The step therefore to suspend cancellation policies is a better option to protect the industry.

Is your business affected too? Get a same day loan with your vehicle.

When will this pandemic be over?

The question now is when will this corona pandemic be over? According to the Atlantic, The answer is straightforward: when more than enough of the populace — presumably 60 or 80% of the population — is protected from COVID-19 to stop the disease’s spread from one person to another. This is the objective, though nobody knows precisely how long it may need to reach the goal. And while governments are putting their heads together to constrain the virus, they are also putting their hands together to stabilize the already shaken economy.

San Diego City Council Enacts Eviction Moratorium

The San Diego City Council has enacted a temporary eviction moratorium that will bar property owners and/or managers from kicking out tenants who can show proof that they are facing financial difficulties because of the Covid-19 crisis.

The local emergency law though is temporary and limited in nature, as it will be effective until May 31, 2020 only and subject to certain conditions.

Limitations of the Eviction Moratorium Law Enacted by the San Diego City Council

The eviction moratorium can only protect those that can demonstrate or show proof that their income has been greatly reduced due to lack of business or employment engagements. Tenants suffering from financial stress caused by substantial medical expenses can also seek protection against eviction by presenting proofs of medical bills that they have to incur as a result of the health crisis.

The conditions suggest that tenants who are in good health and receiving compensation under a work-at-home arrangement, are expected to pay rent as they fall due even during the ongoing coronavirus restrictions. Otherwise, their landlord can enforce eviction order and force them to shelter-in-place in another location.

Business owners who continue to trade or render services through the Internet of things can also be expected to pay rent for their brick-and-mortar storefronts. Not unless they can show proof that their online business operation does not yield income that can sufficiently replace the substantial loss of sales suffered from the absence of storefront operations.

Such conditions required from tenants and lessors of commercial spaces aim to strike a balance in protecting the interest of both tenants and landlords. After all landlords and rental property owners are also entitled to seek protection of their business income to prevent unscrupulous individuals from taking advantage of the eviction moratorium.

State Government’s Lockdown and Shelter-in-Place Orders Do not Automatically Include the Eviction Moratorium

When California Governor Gavin Newsom placed the entire population of Calfirnians under lockdown and shelter-in-place restrictions, he also gave authorization to local governments to temporarily suspend eviction actions against residents and business owners. However, Gov. Newsom made it clear that the suspension of eviction laws can be enforced only if the local council had enacted an eviction moratorium law similar to the law enacted by the San Diego City Council.

This denotes that a San Diego landlord can proceed and pursue eviction actions against non-paying tenants in Bay Area communities that have no emergency moratorium laws in place. According to Governor Newsom, city or community councils must pass their own temporary eviction moratorium in order to protect their residents from unjust eviction orders during their Covid-19 trials.

SD Councilman Chris Ward Sees the Need to Come-Up with Long Term Solutions

SD Councilman Chris Ward said that

”The emergency eviction moratorium is necessary but they do not go far enough to provide tenants with long term solutions

Missed or delayed payments of rents will only add to the financial burdens faced by families and business operators even after the Covid-19 crisis ends. Although the San Diego City Council approved the financial assistance package recommended by San Diego Mayor Kevin Faulconer, he still sees the need to develop a strategy aimed at working with banks and lenders.

Councilman Ward specifically mentioned halting of mortgage payments that will burden individuals and landlords who suffered severe losses of compensations and business income in the wake of the coronavirus crisis. .

Otherwise, many risk facing bankruptcy once all delayed payment of obligations will be up for collection. Although one can seek legal assistance from a bankruptcy attorney san diego based lawyers can best help San Diegans get out of bankruptcy if there are related local laws that can immediately ease the financial demands on an individual’s economic resources.

Many Companies Will Not Survive The Corona Crisis

The coronavirus shocks the stock market and paralyzes the economy. Insolvency and restructuring specialist Lucas Flöther has been dealing with crises for two decades. The lawyer considers the Corona crisis to be a serious burden on the economy, which has been unprecedented in recent economic history. He expects numerous bankruptcies.

The World Is On Standstill Due To Coronavirus Spread

Companies that have kept themselves afloat in the past few years without a resilient business model and especially with the help of cheap debt are, particularly at risk. Many start-ups are on the brink. Even companies with a lot of equity are by no means secured.

Research Says Global Economy Heading for Worst

The latest Bank of America (BofA) Global Research indicated that global economy is heading for the worst.

The BofA report stated recession as “headwinds,” which in business means an economic circumstance affected by certain events or conditions that hamper economic growth. The analysis is that the coronavirus outbreak and several other factors are building up toward a global recession.

Recession is defined as a temporary economic situation in which industrial and trade activities continuously decline for more than a few months, to yield a less than favorable Gross Domestic Product (GDP) growth in two (2) successive quarters. As negative factors continue to affect global economic activities continue, the BofA report projects that the global GDP for the year 2020 is likely to slow at 2.8%; a reading that is similar to the sub-3% growth seen during the 2009 recession.

Factors Cited by BofA Study as Drivers of Potential Economic Recession

The coronavirus or Covid-19 outbreak is cited as the main driver of the current economic downturn. The global research said that several other factors, such as political conflicts and uncertainties, as well as trade war and weaknesses of some countries in handling cases of Covid-19 infections, are compounding the resulting impact caused by the coronavirus problem.

Ever since the Covid-19 virus broke out in China, disruptions in the country’s economic activities ensued. Touted as the “world’s factory,” the inability of China to produce goods that it normally supplied to manufacturers and traders across the globe, created a domino effect.

Not a few U.S. companies rely heavily on key goods supplied by Chinese manufacturers. The shortage in production has disrupted the supply chain, causing investors to panic and to right away sell off their stocks. The UK’s Financial Times Stock Exchange (FTSE) is already in the “correction territory,” which means the financial market are seeing a decline of 10% or higher.

Last week, the U.S. financial markets suffered a week-long blow from the massive sell-offs that transpired. If the trend continues in the coming week ahead, the U.S. financial markets will also go into correction territory.

The bad news is that the current main driver of an economic recession cannot be expected to go away soon. The Director of the National Institute of Allergy and Infectious Diseases (NIAId), Anthony Fauci said that

”Covid-19 is a brand new virus, and we do not know or can count on the possibility, if it will die out, or even diminish once the weather gets warm.”

Although Director Fauci announced earlier that human testing for a potential vaccine for the novel coronavirus will go underway in six weeks at the least if there are no hitches, it is only the first phase of a series of trials that will not be applicable any time soon.

Uncertainties posed by the forthcoming U.S. presidential elections, unresolved trade wars, uncompromising trade deal negotiations and forces of nature that bring major disruptions, are only some of the factors that create an outlook that points toward an imminent global economic recession.

Although some industries like tourism, hospitality services and rental businesses do not rely on products and raw materials supplied by China, they have likewise, been affected by travel restrictions and slow consumer traffic. That is why businesses are urged to take proactive actions, since a recession will likely result to business losses that would call for mass layoffs.

To ordinary folks, loss of jobs means inability to meet their day to day cost of living, including house rentals. This early, it would be wise for owners of rental properties to engage the services of property management companies, since they have the expertise in mitigating the impact of a looming, global economic recession.

New States that Passed the Cannabis Legislature

Just last week, good news have been fuming up the marijuana industry. To start with is the legislation of medical cannabis bills are passed in advance in Alabama and Kentucky. Meanwhile, in New Hampshire House, the bill to legalize the cultivation of cannabis for adults is already cleared. Moreover, the approval of the legislation that restrict non-residents from enrolling in the program related to medical cannabis is sending to the state government under Gov. Michelle Lujan Grisham this week.

New Passed Bills for Marijuana Legalization

Here are the other states that already approved the legislation and legalization of marijuana. Basic ideas of finance should also be considered by these states.

1. New Mexico

S.B. 139 is a legislation that would restrict non-residents of the states to enrol in the state’s medical cannabis program.

This has been approved by the Senate of New Mexico. Most of the bill followers are hoping for the reversal of the bill. They wish to have a change in the said state law allowing qualified non-residents to acquire ID cards for medical cannabis within the state. The S.B. 139 has been approved this week and sending its legislation to the governor of the state.

2. Iowa

The very first meeting of the year by the Iowa Medical Cannabidiol Board was held. It focuses on the rejection to qualify the conditions of ADHD and panic disorder under the state’s medical cannabis program. In the said meeting, they also recommends to put restrictions on the level of purchasable THC. The current law of the state approved a 3% THC level under medical cannabis use. Iowa Board suggested for a change allowing patient to acquire 4.5 grams of THC within a period of 90 days.

3. Pennsylvania

New legislation for the legalization of adult-use cannabis within the state has been introduced by Rep. Jake Wheatley. The House Bill 2050 is planning to establish a licensing program for the growers of cannabis including the processors and even the dispensaries. House Bill 2050 has a goal to reduce the initial application and the fees for its licensing which would make the cannabis market more accessible for businesses.

4. New Hampshire

A new bill was approved by the House of Representatives with a vote of 236 over 112. This bill is intended to legalize the possession and cultivation of cannabis in limitation. Moreover, this would be applicable for adults 21 years old and above. The H.B. 1648 is similar to that of Vermont’s legalization law and is now sending for consideration under the Senate.

5. Washington

The House Bill of Washington aims to resolve the racial issue within the state’s marijuana industry.


Understanding the Flow of Stock Market shouldn’t be Ignored

Businesses of all industries in the economy are impacted by the movement in stock market for a number of ways. In the US, there are around 5000 publicly traded stocks that could be divided into 11 global industry classifications or GICS. With the day to day movements in the market, each action could lead to a different result, which may either be a positive or negative effect on the business.

The Economy and Stock Market

The stock market is described as the market to which equity shares of public businesses are being sold and bought. It is the stock market that is used in measuring the aggregated value of the publicly-traded firms. Comprehensively, this could be represented by Wilshire 5000. But to be in generally, many investors as well as analysts are focused more on S&P 500. Both of the said indexes play an integral tool to gauge the health of overall economy. Sometimes though, stocks might be misleading.

Most of the time, the economic performance and stock market are aligned. Having said that, whenever the stock market performs well, it’s normally brought by the growing economy. Then again, economic growth is measured in various methods but among the predominant methods is through GDP or Gross Domestic Product.

Whenever the GDP grows, individual businesses produce more and oftentimes, expanding. With expanding business activity, it typically boosts leads and valuations to the gains of stock market.

How Consumer Spending and Stock Market is Connected?

In most cases, consumers are spending more time throughout bull markets because they’re benefiting more from strong economy. At the same time, they feel richer every time their portfolio increases in value. During bear markets though, the economy is spending recedes and thus, not in a good position. Simultaneous fall in the stock value can create the fear for loss of purchasing power and wealth.

Rising stock market on the other hand is aligned with growing economy as mentioned. This is also an indication of increased confidence among investors. With investor confidence in stocks, it results to heightened buying activity that helps in pushing the prices higher. As the stocks are rising, those who have invested in equity market is likely to gain wealth.

With the increase in wealth, it leads to the increase of consumer spending since consumers tend to buy avail more services and buy more goods. And when such thing happens, businesses that are selling these goods and services opt to sell more and produce more. Thus, reaping all the benefits in form of increased ROI.

Now, you have two options in this matter, it is to borrow against settlement and invest in your own business or learn and understand how the stock market works and invest on it.

Mortgage crisis: alarm on the stock exchanges

The central banks are pumping massive amounts of money into the financial markets. The shares continue to slide.

The US mortgage crisis is now drastically impacting banks and financial markets. For many observers, a “real estate bubble” is bursting in the USA, caused by cheap mortgage loans with houses that are becoming increasingly expensive. Since mortgage rates have turned and numerous US homeowners who no longer have credit ratings are no longer paying their installments, bank loans have become lazy. The Mittelstandsbank IKB was the first German institute to get into the “subprime” swirl.

Crisis On Wall Street: The Week That Shook The World

Investors have lost confidence in the stock market and are fleeing fixed-income securities. The financial crisis, triggered by the difficulties in the United States with mortgages to customers with low credit ratings, has reached a new high. At first, Düsseldorf’s IKB was almost bankrupt with ailing subprime loans. Now the banks suspect each other of previously unknown risks. Large banks such as WestLB and SachsenLB are also suspected of this. The industry distrusts. The bottleneck on the money market is a vote of no confidence that the institutions issue to each other.