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6 Entrepreneurial Traits That Make The Difference

To become a successful entrepreneur requires the development of vital traits that can make the difference. Learn more..

Though there is no hard and fast rule to success it can be achieved through hard work and simply following the common habits, characteristics, and qualities of the successful entrepreneurs.

There are generally six common habits or qualities that I have sorted out here. With every quality, I am going to give you an example of who and how it has benefited others to be the best they can be.

1.Persistence

Arianna Huffington is one the biggest examples of persistence, who after repeated rejections didn’t stop trying to get her second book, ‘After Reason’, published.

She had been rejected by almost 36 publishers at the age of 23 before she finally got it published. She didn’t stop here and ran for governor of California in 2003 but dropped out of the race soon after seeing only 2% support in her favor.

But she learned from this incident how vital the power of the internet is while running the fundraising campaign. As a result, she launched HuffingtonPost.com, 2 years later, which she sold to AOL.com for $315 million ultimately in 2011.

A successful entrepreneur understands the importance of failure. Rejections and failures are the signs to keep pushing forwards instead of stopping due to failure.

They provide you with learning experiences and serve as steppingstones towards success. Being persistent despite the hurdles is the most rewarding experience for entrepreneurs.

2.Forever Learning and Self-Improvement

The CEO of SpaceX and Tesla Motors, Elon Musk, is famous for being a fast learner.

He declared in an interview that before starting the corporation, he spent a lot of time in reading as many books as he can about rocketry and propulsion to learn about building rockets. In an interview on Reddit, he compared knowledge to a semantic tree.

He stressed that it is important to understand the fundamental principles of the tree like the trunk and big branches before going into the details like leaves, otherwise without basics or the branches, there will be nothing for leaves to hang on to.

Even after all the success with PayPal and Tesla, Elon knew that he would have to learn all about the rockets and rocket propulsion system to become the competent leader of a space flight company.

A feedback loop is very important for constant success. It allows you to think about what you have done, how you have done, and how you could have done it.

Constantly question yourself and get the chance to become better. A successful entrepreneur always strives for knowledge. They know that no matter how successful they are, or how much knowledge they have gathered, there is still room for more success and personal growth.

3.Risk Taking

One of the greatest risk-takers of all times is Bill Gates, who risked his future at the age of 20 by dropping out of Harvard to co-found his software company, Microsoft.

Bill Gates writes that in business and even in real life, you need to take big risks to achieve great success. A big risk can either mean big success or a big failure. Now if we look back, the success of Microsoft seems inevitable, but it wasn’t the case at that time.

At that time, it was the biggest risk of all to start the first personal computer software firm, and everyone thought it is going to be a huge failure.

To be a successful entrepreneur you need to look the potential to take your business to rise heights. What are the potential risks that you are afraid of? What could they benefit you and your business?

The best way to overcome these fears is to get exposure. Surround yourself with other risk-takers and people who encourage you to move forward, rather the ones who discourage and think you would fail.

4.Leadership

During 2008’s massive recession, when Starbucks was at the brink of failure, Howards Schultz’s leadership helped them to get out of the crisis.

Talking about his leadership techniques and what helped him to revive Starbucks, he mentioned that according to his views, leadership is something which has to be decisive, where you need to be ready to take decisions without having perfect information.

The core of leadership is transparency and truthfulness. You don’t need to be vulnerable all the time but there are times when you have to share your mind with people to tell them what you are and what you think, without being afraid.

Leadership is about being decisive and implementing things that will lead to the betterment and success of our business.

If you also have other people as employees, then being a leader you also have to explain to them the logic of your decisions. Taking initiative and responsibility are two main things that you can start with to develop leadership skills.

5.Hustle and Incredible Work Ethic

Oprah Winfrey, the host of The Oprah Winfrey Show, while working hard for the show was not afraid to take on other projects. She worked in about 12 movies and cameos, many other TV shows, documentaries, and even movies.

She kept on appearing in and working on several other projects while keeping her main TV show among the top-rated and winning various awards for it.

Even after the end of the show in 2011, she continued to be a media tycoon by owning her own television network, a channel, a website, a magazine, an XM satellite radio channel and various movies and TV show cameos. 

There is no big secret to success. It only comes to you when you are willing to go for it and work hard to get successful. Oprah worked hard to build up her personal brand. She managed to appear at every channel without compromising the quality of her work.

 It is up to you how you manage to expand your brand on business and can put it on how many platforms. It is time to get activated and bring awareness to your business and brand.

Do not be passive and wait for opportunities to come towards you. Work proactively in the market for your product and make a name there. No one can help you to be successful but you.

6.Focus

In 1996, when Steve Jobs came back to the declining corporation of Apple, what he noticed was that the organization had lost its main focus. By the next year, he reduced the product line from 350 to 10 key products.

Apple’s poor management had caused the company to spread a lot but became too thin. I was very tough for Steve Jobs to focus and kill off various products and projects of the organization. In a conference in 1997, Steve Jobs stated that focusing is no about saying yes, rather about saying no.

A successful entrepreneur knows that the business must not be spread to limits that would make the corporate so thin and feeble that it will lose focus from the originality of the brand.

Keep yourself focused on the original vision of your organization. The only way to do that is to keep things simple. Try to make fewer but quality products, rather making dozens of okay products.

Conclusion

You don’t need to focus on all of these qualities altogether. Adopt one or more that applies to you and start working to improve your business today.

Trading ETFs: Strategies You Need To Know

ETFs belong to a growing sphere of investment that hugs the headlines in financial markets around the globe. Here are important strategies for trading in them.

ETF Strategies for Traders

ETFs usually track the bonds, stocks or index, and other securities. These can be extensive market indexes like Nasdaq or Bloomberg Barclays US Aggregate Bond Index, targeted regional indexes, or niche indexes.

ETF might have hundreds of securities in their portfolio that tend to create prompt diversification to help in reducing the risk, as compared to owning individual stocks.

There is also some chance to further expand by structuring a basic portfolio with multiple ETFs. Each of these ETFs will hold a different type of security across asset classes.

ETF adoption is growing fast due to being a tax-efficient mode to continue with your investment ideas and through providing a low-cost and flexible mean to enter the potential of the markets.

At the start of the 21st century, the ETF assets were even less than $100 billion. Now, by 2018 the ETF assets have exceeded $4.7 trillion around the world and are still increasing its number of products.

According to an estimation by BlackRock, by 2023, ETF assets will rise to more than $12 trillion.

Let’s have a look at each of its characteristics in detail.

  • Choice

First of all, you need to determine what you are looking for. Whether you are a retiree that is shopping for funds to have some speedy source of income, or you are a Millennial who has just switched his job and now trying to find a way to roll over your assets so that they could help them after retirement.

There are almost 1800 ETFs that are enlisted in the US, and BlackRock’s ETF business, iShares have about 300 to offer just in the US, and more than 800 around the world, which represents a huge range of geographical regions and asset classes.

You have the option to select an ETF portfolio that is most suitable for you, your passion and your goals.

Do you want to reflect your value through your money? With viable iShare ETFs, you don’t need to go against your personal beliefs while investing.

 For example, if you are an environmentalist, you can always invest in companies dedicated to providing positive environmental, governance and social business practices.

Or if you want to invest in some long-term future-shaping forces, like rising technology, various ETFs are there offering collaboration with companies that work in technological advances and also working to shape our global society and economy.

  • Value

Investing in mutual funds that are being actively managed can be a bit costly as their professional asset managers and all the researching staff has to be paid for their working and the decisions they make.

iShares ETFs usually charge a very small amount of fees. It can be said that iShares ETFs charged fees in on average, one-third of an active mutual fund, and still they generate half the tax compared to the average of an active mutual fund.

The value keeps adding up. By 30 years, hypothetical investment of $10,000 made in an active open-end mutual fund with a fees of 0.96%, the monthly assistance of $1,000 and an expected compounded rate of 8% for return, will be likely to grow to an amount of $1.2 million and is going to lead to $270,000 in the fees.

Keeping every other calculation same for an ETF charging 0.34% fees, it will be likely to rise up to $1.4 million and leading to just $100,000 in fees.

  • Accessibility

Get in the game without any hassle. One of the major benefits of ETFs is that you can sell and buy them all day round, similar to stocks. What you need for that is just a brokerage account.

For a mutual fund, you need to buy and sell typically through a mutual fund broker. You will get your reimbursement three days after you place your order, but according to the net value of the asset of the day when you placed your order.

But with ETFs, you don’t need to wait that long. Markets are open all the time and you can sell out whenever you want and get you to cash at the moment.

For some mutual funds, there is a limitation of buy-in or minimum amount that you have to invest. But there is no such limitation with ETFs. Buy your shares just as you buy stocks for individual companies without any minimum share. If you can afford the share price, you can buy it without any condition.

These differences make ETFs for young investors worth considering. You can also use ETF as a modern-day gift to cherish major events in your life like wedding, graduation, communions, etc.

iShares ETFs gives you the opportunity to choose from various options and make the most suitable choice to assist in your needs, with the transparency and assurance that you are getting right value for your money and investing in the easiest way that suits you.

But look at the bigger picture, you can use the iShares ETFs not only to help you to reach the goals of your life but also assist you to keep up with your personal passions.

Risks Involved in Investing, Including the Risk of Loss

The environmental, social, and governance investment strategy restricts the form and frequency of the investment choices available to the fund. It usually results in underperformance of the fund as compared to other funds that do not focus on ESG.

The ESG strategy of fund results in major investments in the industry of security fields that lead to overall market underperformance or underperformance of other funds that are selected for ESG standards.

Those funds that tend to concentrate their investments in specific sectors, industries, asset class or market might underperform or can be more volatile compared to other sectors, industries, asset classes or markets than the general securities market.

Conclusion

Technology companies tend to be more affected by product obsolescence and excessive competition. ETFs as well as shares’ transaction lead to commissions of brokerage and ultimately generate tax. Every investment company has to distribute portfolio returns to shareholders.

The fees related to funding investment are not just borne by the investors in individual bonds and stock. The investment comparisons are only for explanation. To have a better understanding of the differences and similarities between investments one must read the product prospectuses.

Separating Facts From Fiction: Is Facebook Libra in ranking as Number 2 crypto even before its launch?

Facebook is drawing some ruckus around the globe with its Libra project. Is Libra already second-placed in the crypto world? Find out.

While Facebook is criticized for its lax approach towards privacy and the often-toxic business practices, it’s still one of the most important companies on the web. Just by the amount of users it boosts – 2.38 billion as of January 2019 – anything championed by the giant will gain lots of attention and traction.

Knowing that, it’s not surprising Facebook’s attempts to create its own cryptocurrency have gathered lots of press. In fact, after Bitcoin, Facebook’s fabled Libra project might well be the second most talked about crypto project in the mainstream.

But, does that buzz around it translate to the cryptocurrency actually being successful even before any details about it are officially unveiled?

Very little is known

Here’s the first fact: We know nothing about the Libra project. Other than a few of those involved, but not necessarily behind it, there’s no official information whatsoever.

At this point, all we know for sure is that Facebook is pursuing its own cryptocurrency. Everything else are rumors or assumptions.

This is important because, while many of these rumors might be true, this means that it’s all speculation at this point.

That works for the crypto market, since it’s largely speculative, and it keeps the Libra project in the news, which we’re sure Facebook likes, but… it doesn’t do much more than that.

And even how much it helps the Libra project in the crypto market can be argued, since all the rumors in the world won’t matter once an official announcement is out there.

Since the cryptocurrency can’t go on sale without such an announcement, all pre-release rumors and hype won’t really affect Libra’s success in the end.

Then, there’s something else: One of the chief rumors says that Libra will be a stablecoin. Which in turn means the token won’t be able to gain or lose value, no matter how well designed it is.

In a world where cryptocurrencies are seen as investment options by the mainstream, that’s a problem.

Expectations aren’t based on the token itself

As mentioned, since the token is believed to be a stablecoin, nobody is waiting to spend a fortune buying Libra tokens. Instead, what the crypto community is buzzed about, is how such a stablecoin could help drive crypto adoption.

Facebook’s reach is unprecedented for the crypto market. If Facebook pushes libra and gains many adopters, that will mean the crypto adoption rate will shoot up – which should in turn drive many people towards trading other cryptocurrencies.

In other words, the buzz in the community is about Libra working as a gateway cryptocurrency, but not so much about Libra being a game changer.

What ranking might mean

Now, that doesn’t necessarily mean Libra isn’t ranking highly. It just means whatever buzz it has now might well disappear before it officially releases.

But let’s assume it does have huge amount of buzz – then we should ask ourselves, what does “ranking” mean?

Regularly, ranking would be interpreted as market capitalization. However, since Libra isn’t out yet and it won’t be running an ICO, that would be impossible. Libra’s market capitalization is effectively zero.

There are other ways to assume ranking. Google search ranking is another one – one could reasonably believe that, due to the buzz around it, Libra is being constantly googled. This would be an interesting measure and give us insight into its expected success.

However, actual data quickly proves this to be wrong. Actual search stats put the Libra project behind both Bitcoin, Ethereum, and XRP, making it at the very least #4. To be fair, it does rank above Zcash.

Google Trends for Libra, Bitcoin, Ethereum and Crypto.

Another way to think about it is by how much it appears in the news – and it’s only here that Libra does rank well.

Bitcoin has been mentioned in 44,800,000 news items over the last month. Ethereum has been mentioned about 3,960,000 times. Facebook Libra? 8,860,000 times.

But while news coverage could be considered rating, that’s hardly a measure of success. It’s a measure of interest from news sites, which sure is important, but it doesn’t reflect market tendencies.

Does it even matter?

It’s impossible to gauge how successful Libra might or not be without knowing anything about it before. And even knowing, we won’t know about its success until it is out, and we start seeing real numbers.

This is important, because while Libra has potential right now the buzz is in part thanks to the air of secrecy around it.

That secrecy might work in its favor right now, but it’ll only help in the long term if the project delivers. And we won’t know that until later this year.

So while it’s hardly true that Libra is ranking as #2 crypto, that doesn’t matter right now.

What does matter is that it’s gaining some buzz – and that said buzz could well drive its adoption once it is launched.

12 Instagram Hacks Every Entrepreneur Must Know

Modern business is driven by online activity and networking. How can you use Instagram to get a business lift? Find out..

The Power of High-Quality Content on Instagram

Every success-focused entrepreneur needs to have an Instagram profile that can be of benefit in various aspects.

Most newbies set up an account but then get confused about what they should post on their profile to keep the followers engaged.

There are various ways to enhance your Instagram following and we are going to present you with some easy and convenient ideas to help you with that.

This is moreso as we all might know that the Instagram algorithm favors good content that actually attracts customers.

The platform also provides you an opportunity to create and nurture your relationship with the audience and help to convert them into customers.

Therefore, it is necessary to create quality content that blends different types of ideas to appeal to your online followership at different stages.

Keep in mind how your posts can affect your audience while going through the following points:

1.      Product Display

Probably the best way to start is by showing off the products you want to sell. Pictures, videos, and content related to the products will be a good way to advertise your business and will also generate traffic to your page. Be creative with your content and add some attractive captions.

You can post solo pictures of the product or make them a part of a lifestyle photo. You can also avail this as an opportunity to promote your product by highlighting its features, benefits and special characteristics.

2.      Product Tags

Product tags give detailed information about the product and how to purchase it. This not only saves the time of your customers but also make it convenient for them to make a purchase through their mobile gadget.

There is a greater chance for users to follow through with your account due to the products tags.

3.      BTS Glimpse

Your followers love to have a peek at behind-the-scenes (BTS)content.

This not only creates transparency but also makes your customers feel like they are a part of your actual life behind the brand and are interacting with the real you, making them more comfortable with you.

4.      Live Sessions

Make your followers feel important and valued by interacting with them through these live sessions. This will help to build a stronger and trusted bond you will value.

Try to announce that session beforehand so that your trusted audience is aware of it. Give them some time to join in and find a place with good light for your video. Make a plan and practice what you are going to say in your video.

5.      User-Generated Posts

Posting a user-generated content will have a positive impression on your customers, showing them that you are engaged with the community.

This is a good way to promote your business in a delicate and highly effective manner.

6.New Products Announcement

Updating new information about your product launch or business milestones through your Instagram account with interesting visuals is also an effective way to achieve the purpose.

It not only gives you valid content to share but also make your customers feel connected and updated about their favorite brand.

7.An Instagram Contest

Creating a contest will create a hype about your brand among the users and will generate more traffic for your goods and services.

This can even help you with innovative user-generated content. Select a prize more relevant to your target audience to get an actual engagement from your customers.

8.Fun Videos

Making videos is important to gain huge popularity on Instagram. Create content that is unique and interesting. It could be vlogs, Q&A sessions, product tutorials, success stories, etc.

9.Event Coverage

An easy way to get popularity among your followers is to showcase your involvement in some events related to your business.

Whether you are hosting it or are invited to attend the event, a before and after or during the event content can prove beneficial and boost your popularity.

10.Answer the Questions

The new ‘question sticker’ feature of Instagram can be used to enervate a response from your customers. Answering their queries may result in getting you more followers for your account.

You can also make a video to answer all the questions or interact with them directly in a live video session to answer their comments.

11.Video Tutorials

These valuable videos will not only help you gain popularity among the people but also help your customers to have a better understanding of your business and products.

By showing how easy it is to use your product, you might actually get some more customers.

12.Carousel Posts

In carousel posts, you can upload more than one image or select video in a single post.

This may help you to explain different ways of using a single product, show multiple related products together, step-by-step product tutorial, a series of pictures taken during an event coverage, etc.

Conclusion

Modern business is online-driven, and you can attain success with the Instagram hacks above to grow your following and bottom-line.

 

Do You Want To Build A Successful Business? Here is How To Start

It is no walk in the park to get a business going. Starting out is not easy either. What then do you need to do? Find out more..

Small Business Blog Image

Many people dream of having a successful business, but a few actually see this become a reality. To take your business to the ultimate success level, you have to make progress through some phases.

Maintaining a successful business is a different world from starting a business from scratch.

Taking it to the heights of success is a tricky task. Especially if you are going to start a business of your own for the first time, it might seem daunting at first.

But you can leverage the experience of other businesspersons who have started from scratch and are at the peak of success at the moment.

Learn from their experiences and mistakes, and combine it with your wisdom to get maximum results.

We have enlisted these following steps, derived from the experience and wisdom of various successful entrepreneurs that will help you in your business journey.

  • Use your extra time

If you cannot take the risk to quit your current job to start your own business, not a problem.

Utilize any extra time you have between your daily routine. Start your journey at a small level with whatever time you can spare for your business.

  • Birth a Business Idea

It is very important to identify your business interest, which can be done through various strategies adopted.

These are digging into your personal interest and what you like to do in your spare time and researching about the existing market trends.

Others include popular products, looking into common complaints people have about famous products and try to find a business way out of it. You just need an idea to get started.

  • Authenticate Your Idea

This might sound a bit difficult but is a necessary step because if you don’t know the validity of your business idea and whether or not people are willing to pay for it, you cannot move forward with the idea.

You can validate your idea through various ways like opening up a store to take preorders for your product or service, a crowdfunding campaign, direct customer feedback and many more.

  • Get an Appropriate Name

The name of your business represents you and your product. Use your imagination to look for a unique, short and clicking business name.

A strong business name will be simple, short and original but different from others that will click customers mind and leave an impact.

  • Devise a Business Plan

Writing down your business plan helps you out to formalize the ideas and help you streamline everything in proper order.

  • Understand Total Cost

The ultimate goal of every business is to earn money so you should know the basics of business finance and money flow in businesses and the market.

Get the proper idea of how much you are investing, will it be sufficient or you need more funds, what turn out you should expect, etc.

  • Developing the Product to be Launched

After a deep analysis of everything, your next focus should be your product or service you are going to offer.

While developing your product keep in view that stats like what is your cost and what should be the selling price, what profit you would earn from it, etc.

  • Business Structure Selection

Carefully pick your business structure that balances your legal and financial protections. A business structure influences every part of your business whether it is about personal liabilities or taxation operations.

  • Sort Out the Legalities

Properly research the laws and regulation related to your business and product or service. Every area has different legal requirements that you need to follow in order to stay out of legal troubles.

  • Set Up a Software System

To help you reduce the work burden you can always set up a software system to assist you in various tasks.

There are various software systems available for accounting, email marketing, project management, and much more. You just need to look properly.

  • Workplace Location

An appropriate business location depends on the type of product you are going to sale, how much space you will need for the inventory, whether or not offering in-person sale, and other things like that.

  • Planning Team Size and Workload

 This is one of the crucial steps that will also affect your timelines and investment for the business.

Planning to do all the work by yourself will help you reduce the cost but will take more time of yours. Therefore it is important to plan your strategy carefully.

  • Business Launch

After working on all the above steps now you are ready for the final step, i.e. launching your business. Focus on making your first sale and for that, you have to attract customers.

Promote your outlet through your network and free channels available or use test paid ads service. You can also offer some discounts to attract more customers.

Last Line

Starting a new business is easy but making it successful is a challenging task.

However, with the nuggets above, you can transform your dreams into reality.

The Emerging World Of Cryptocurrencies: Behaviors, Patterns, and Paradigms Every Investor Must Know

The cryptocurrency industry is still relatively new, and as such, concepts and patterns are still emerging. As an investor, here are some vital insights you need to know.

Presently, cryptoassets’ price co-movement is quite high, most probably due to the launch of the cryptoassets market and the participants’ weak pricing ability.

Almost 7% of these cryptoassets are held by the institutional investors, which makes an almost one-thirteenth portion of the U.S. stock market’s institutional holdings ratio.

The high turnover rates of cryptoassets as compared to the traditional markets indicate that the crypto asset industry participants are either more active or reactionary.

But the UTXO (unspent output from bitcoin transactions) metric indicates that due to HODLing, these members becoming active only when the prices recover.

Reasons for Correlation

Studies have found that the low internal correlation between some of the cryptoassets can be due to three major reasons:

  • Idiosyncratic factors: These are the project-specified catalysts and news that can affect the level of correlation between cryptoassets.
  • Binance Effect: Usually the digital assets that are listed on Binance have a high correlation between them, whereas, the assets that are not listed have low correlations compared to the former.
  • Consensus Mechanisms: The consensus mechanism of cryptoassets can have a high impact on its correlation with the other cryptoassets return.

The overall correlation in the cryptoassets market has observably increased. It can be due to the gradual decrease of the market’s Bitcoin dominated trading pairs reliance or the simultaneous rise of the volume of stablecoins across all cryptoassets markets.

The correlation cycle among cryptoassets and the effect that market structure can have on this cycle is discussed further in the following:

1.Cyclic Moments and Turning Points

One of the factors responsible for the continuous fluctuation of the correlation among the USD price of cryptoassets is market irrationality. The market rationality has a similar effect as the co-movement phenomenon or herding effect.

Studies show that when the correlation among altcoins reaches a specific point, the Bitcoin trend for USD either reverse or comes to a halt at the previous price. This indicates the emergent market’s inherent traits as well as the irrational behavior of the market participants.

However, it is very early to say that there is some causal relationship between market reversals and peaks in correlation.

2.Disproportional Percentage Of Retail Investors

The frequent extreme correlation periods of cryptomarket are related to the highly retail-driven participation of the market. According to the recent data, almost 700 crypto funds are operating in today ‘s cryptomarket, but the January 2019 asset was thought to be $10 billion only.

Assuming that all of them hold only Bitcoin, the total upper bound of the Bitcoin market value will be 14% only. But if Altcoins are also included, the overall institutional proportion for the cryptoassets market can become even less than 7%.

It can be said that non-professional investors can become overtly cynical or overconfident while reacting to market trends. And that can lead to a high potential transactional volume and more volatile prices.

Whereas, crypto investors are more attentive and active towards new developments in the market, they have a significant impact on the success of their participating crypto networks and promote their voice to get heard, even through simple price action.

3.HODLing by Crypto Investors

HODLing refers to the phenomenon of the crypto investors where they prefer to HODL their assets when there is a decline in price until the prices are recovered.

And they become active when the high prices are restored. Most crypto investors tend to HODL the currency in bear markets that lead to moderate changes in UTXO cap.

But the UTXO cap decline can go steeper if the individuals transact with Bitcoin at comparatively low USD value prices. Not to ignore the fact that after a certain bear period, the rate does not go up that quickly, until at least the underlying rates reach the previous heights.

Herding behavior effects are situation specified. The initial correct information will cause a herding effect to reflect the information more quickly in the price.

Comparing this to the traditional market, the cryptoasset market has faced several issues during tits small lifetime, like:

-There is a lack of popular trading instruments of the market, an absence of a compulsory mechanism of disclosure that should be followed by all the market participants, and inadequate protection measures. All these factors lead to a reduction in the enthusiasm of the investors.

-The highly complex blockchain industry has a high barrier for new entrants. Also, there is a lack of professional and reliable media sources that leads to slow transmission of information and even extensive fake news dispersal.

-The limited arbitrage channel is another problem. The inherent limitation of cost of the mainstream coins or speed of transfer, temporary paucity of appropriate derivatives and an in-depth, and regulatory restrictions imposed by many countries lead to asset prices stymieing for a long time period in an unreasonable state.

However, the cross-exchange arbitrage chances were seen to be decreased during 2018, resulting in a higher price efficiency.

Takeaways

Because of the above-mentioned aspects, the effect that quick reacting market participants have become more distinct, making it more difficult to price the individual cryptoasset accurately.

Therefore, the herding behavior or so-called irrational attitude must not be blamed only on the inexperienced participants, but the market immaturity and infrastructure should also be on the front burner.

Especially after 2018, many regulatory bodies, media outlets, and research institutes have started to pay more attention to the blockchain industry. Also, there is a wave of crypto-native research and coverage growing with every passing day.

This rapidly developing industry has been able to attract new support and funds from various traditional and governmental capital sources and seems to continue doing so with every new step of improved data, news reliability, regulatory clarity, and less usability friction, which leads to a market with more efficient price discovery as a whole.

Various ongoing and completed researches and studies provide enough data to analyze and assess the progress of the space during the last few quarters.

As many mature financial products get rolled out, which covers the industry, there is a clearer worldwide regulatory framework, which means a rapid maturing of the crypto market than ever.

Gb Adolph Obasogie is the CEO of Harrison Global Capital

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7 Funding Options You Can Explore To Make Your Business Dreams Come True

A funding nod is a business newbie’s dream come true. With funding, you can get your business off the ground and make things happen.

Funds are the livewire of any business, and a failure to generate any could spell doom for many. There are many ways to raise funds in today’s world, and not the least, crowdfunding is a unique option to explore.

What is Crowdfunding?

Crowdfunding is a fundraising strategy for entrepreneurs and it serves to authenticate the demand for their unique ideas in the market before even starting the production.

The candidate presents his idea to the crowd who, if interested in it, invests in that idea collectively through pre-order buying, investments and even donations.

Crowdfunding is different from the traditional fundraising methods as it doesn’t focus on a single entity for the sake of investment rather multiple small amount investments are contributed by a large group of individuals.

In exchange for this support, these investors, also known as ‘Backers’ are provided with various benefits including:

  • The opportunity to pre-order the product and have the authority to give their opinion in its development.
  • A personal link to the founding team of the project.
  • The chance to become one of the early adopters of the upcoming product.
  • Exclusive offers, like a massive early discount at the product launch.

Every crowdfunding site has different features, like user base and fee, etc. but the core concept is same. You submit your proposal with a goal and deadline and then do online promotion of your campaign, usually through social media.

There are various crowdfunding sites, but we have shortlisted the 7 best of them. Take a look and it will help you to decide which site to choose for the fundraising of your next project.

1.Kickstarter

Launched in 2009, Kickstarter is the most popular and reliable crowdfunding platform to get support for your innovative ideas.

Till now, this platform has funded more than 156,000 successful projects and raised almost $4.1 billion.

It supported different projects like movies, physical products, games, etc. This is basically a reward-based platform where backers are offered exclusive incentives in return for their support. The more a backer invests, the better is the reward for them.

Kickstarter has an all-or-nothing strategy that means you are given access to your raised funds only when you achieve your first fundraising goal.

In case of failure, all the money stays with the backers. Therefore, you will find only unique and high-quality projects here.

2.Indiegogo

Another highly reliable crowdfunding platform is Indiegogo. It supports all types of projects just like Kickstarter but is different in certain aspects. Above all is its feature of the flexible funding goal.

It is up to you whether you choose a fixed funding goal or a flexible funding goal. With flexible funding goal, you will continue to get your funding even if you have not achieved your goal within the deadline.

Another unique and beneficial feature is the Indiegogo InDemand that allows you to raise funds even after your campaign has ended when you are getting ready to complete the order or are in the production phase.

3.Patreon

This unique platform is especially focused on modern creators like bloggers, musicians, cartoonists, YouTubers, live streamers, etc.

This site is specially designed for Internet personalities to run their campaigns and get support from the loyal audience through paid memberships and generate revenue.

You can choose your customers to pay on per month and get special community perks, or on per project basis so that they could give you more incentives for your creation.

If you are a regular creator and have a considerate number of online fans, then you must not delay creating a Patreon page.

4.Crowdfunder (Shopify app)

The Crowdfunder app helps you to raise revenue in its simplest form, i.e. by taking pre-orders as a method to keep your idea validated side by side and fund the production.

The platform can not only be used to raise fund for new product ideas but also help generate money for a cause, and even helps to launch old limited run-products.

If you already have a Shopify store and are willing to launch a new product, then it will be easier for you through this app.

5.GoFundMe

This crowdfunding platform is completely free but is limited for individual supports and generating money for a cause.

As the platform is used usually for personal causes so the backers tend to choose projects of their interest or within their personal networks or to which they are quite familiar.

Though this platform is not for commercial campaigns if you are a small business owner and are going through hard times, you can start a campaign to get help on a personal basis.

6.Fundable

The Fundable is associated with Startups.co and is one of the top sites that has allowed startups to provide equity or reward in exchange for funding.

Startups either offering rewards or equity is highly beneficial for fundraising purpose, as long as you have a solid business plan, a track record of growth and a pitch deck.

It charges a fixed amount of $179 per month in the duration of active campaigns, instead of a specific percentage of the funds.

7.Crowdfunder

At this equity crowdfunding platform, to create a public profile and deal room in order to invite investors you need to buy a per month plan, starting from $299 per month.

But to create a non-public profile you don’t need to pay anything. The network has more than 12,000 capitalists and investors with whom you can connect and raise the capital you desire .

Summary

Crowdfunding is just the first step towards a whole new process of convincing people and raising money for your project.

It takes a lot of effort, preparation, and luck to achieve your goals. With the options presented here, you a breath away from your funding goal.