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How You Can Get Your Business Out of Debt

As an owner, the last thing you want to do is close your retail business down. But, if you keep going further into debt, you might not have a choice. See if you can follow these simple tips and turn your financial situation around.  Boost Sales The first thing you should do is make changes to boost more sales. The more sales you make, the more income you will have to tackle that pile of debt weighing down your business.  Think of low-cost adjustments — you don’t want to spend more money trying to draw in customers, only to have the plan backfire. For instance, paying for online ads can be a money sink that doesn’t bring more customers through your doors. Instead, create social media accounts and advertise without having to spend money. Apps like Instagram and Facebook are free, easy-to-use and give you direct access to your target demographics.  Here are some other great ways that you can boost sales: Set up sales programs/incentives for loyal customers Advertise special deals and discounts Raise the prices of retail items Trim Costs While you’re boosting sales, you will want to see if you can trim the costs in your monthly budget in order to enhance your savings. One of the things you could do is sell store equipment and get gently-used replacements. Sometimes you can even lease equipment instead of paying full-price.  Here are some other great ways that you can cut costs: Lower utility costs with energy-saving methods (get LED light bulbs, lower the thermostat, install faucet aerators) Ask long-time suppliers for discount rates Pool resources with similar businesses to get supplies and services What Happens If You’re Too Deep in Debt? Sometimes, boosting sales and trimming costs isn’t enough. If your adjustments haven’t made a dent into your debt and you’re not sure about what to do, you should see a well-established corporate bankruptcy trustee to find out what’s the best way to get out of this situation. You could file for corporate bankruptcy. Or, if you want to avoid bankruptcy, another option is to apply for a debt proposal — this is a legal agreement between you and creditors that guarantees you’ll pay a lowered amount of debt within 5 years.  Business Insolvency Rates You aren’t the only owner to get into financial trouble. Plenty of business owners declare insolvency after they’ve realized that they’re running out of credit and can’t pay back any of their loans. Running your own store is expensive, so it’s easy to slip up when there’s not enough cash flow. Statistics show that approximately 7000 businesses go bankrupt across the country every single year — and this doesn’t even cover debt proposal filings. Smaller businesses with only a handful of employees will have a harder time making these ends meet and getting extra help from banks. While this problem isn’t ideal, you should know that you’re not alone in this.  If you think your store is drowning in debt, you need to make some changes and make them fast. Follow these tips to boost your customer sales and cut down monthly costs so that you can tackle the problem faster. You just might be able to pull your business out of the deep-end.  The post How You Can Get Your Business Out of Debt appeared first on The Fintech Times.
The Fintech Times

What is B2B Content Marketing and How It Can Help Your Business

Marketing to other businesses is no easy task. There are a lot of complexity, nuances, and processes that you need to follow to gain value for your efforts. Getting the attention of other businesses as a vendor in a crowded market place is getting harder every day — the reason why is that more companies have been adopting content marketing to gain visibility with their prospects. If companies do not innovate their marketing efforts, then they will be left behind. We will be doing a deep dive today into B2B content marketing. We want you to understand the basics of using this tactic to make your company more competitive in the B2B space.Read the full story
Hackernoon

8-Ways Data Mining Can Improve your Business

If your company is trying to make sense of the customer data, here’s a not-so-surprising fact for you. You aren’t alone. Far too many companies want to understand data and gain an in-depth insight into the information they are sitting on. Let’s be clear that today, the success of a business lies in how efficient their data mining process is. Their expertise to process the available data as this can help them to decipher age-old questions that make or break them:Read the full story
Hackernoon

Bitcoin mining giant Bitfury is now in the enterprise blockchain business

Bitcoin mining company Bitfury just released blockchain software Exonum Enterprise to help corporations more efficiently build their own private blockchain projects. Founded in 2011, the Amsterdam-headquartered company established its brand name by selling bitcoin miners, which allow enterprise clients to run on either cloud-computing servers or traditional on-premise servers. In 2017, the company launched an open-source piece of software called Exonum, which lets anyone design and run permissioned blockchains similar to Bitcoin at zero cost. Bitfury’s hardware and software solutions attracted wide interest from investors. In November 2018, It secured a private placement investment of $80 million led by Paris-based venture capital firm Korelya Capital, bringing its total raised to $170 million. Bitfury’s new product is the enterprise version of Exonum and targets big corporations and governmental agencies. According to Bitfury’s press release, Exonum Enterprise can process up to 5,000 transactions per second. Clients can use the framework to launch blockchain projects in as little as five minutes and use its full-service dashboard to track blockchain deployments. “Blockchain is unparalleled in its ability to streamline operations, but its premier benefit to our world is its transparency and security,” said Bitfury CEO Valery Vavilov. “The Exonum Enterprise platform will further the adoption of blockchain, helping make our institutions more trusted and in turn improving the lives of people all around the world.”
The Block Crypto

Voyager Digital Provides End of Year Business Update

Voyager Digital (Canada) Ltd. ("Voyager" or the "Company") (CSE:VYGR) (OTCQB:VYGVF) (FRA:UCD2), a licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto-assets, is pleased to provide shareholders with a business and operational update as of November 30, 2019. "We continue to experience tremendous account growth driven by the Voyager App's availability now for Android, which represents 70% of the mobile market," said Stephen Ehrlich, CEO and Co-Founder of Voyager Digital. "Our assets under management have also risen due to the Voyager Interest Program, a unique offering allowing Bitcoin holders to earn 3% interest on their assets. Additionally, our six API distribution partnerships announced since July continue to source new customer accounts, further increasing liquidity. As our customer accounts grow, we expect to see transaction sizes increase even further as the platform becomes populated by users who are both more engaged, and trading in higher quantities." Operational Milestones Grew number of customer funded accounts by 44% from September 30, 2019 to November 30, 2019 Increased number of Know Your Customer ("KYC") compliant accounts by 47% during the same time period Average transaction amount increased 100% to $600 as of November 30, 2019, ...Full story available on Benzinga.com
Benzinga
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DIGEST

Zcash unveiled an already fixed vulnerability, US presidential candidate McAfee the debtor, QuadrigaCX seeking protection and justice, Kraken's new partnership, evidence of BTC decentralization improvements, rumors as for Bakkt, a bunch of news from Ripple and Telegram TON updates

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OPINION

Why Thinking In Terms Of Crypto Doesn't Work

The developers of Samurai wallet removed fiat conversions, explaining that people should understand that by sending Bitcoin they send Bitcoin, not dollars, so there's no need to think in fiat terms. But this seems like an improper decision...

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DIGEST

Casper code release, EOS launches Space Invaders, Bill Gates against BTC, Palihapitiya defends BTC, McAfee's prediction, Fundstrat's prediction, Novogratz partners with Bloomberg, Kohn's opinion, ETH image, Vitalik Buterin about privacy, SEC about understanding crypto, NYSE launches BTC trading desk, Telegram Passport test, Nvidia's revenue, blockchain development in China

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DIGEST

Iran coin, Error in EOS, IOTA and Kontrol Energy partnership, France lowers tax, Bitcoin.com fixes its webpage, Sharding is coming, South Korea explores crypto industry, Alexis Ohanian's prediction, Telegram abandons public sale, Ripple faces UK Parliament, Google adds BigInt to V8, IMF report, Goldman Sachs will trade BTC, Cardano and Ethiopia partnership

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Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ

Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ China could start its pilot for the central bank digital currency (CBDC) before the end of this year, according to local news outlet Caijing. The article states that the anticipated pilot project “will go out of the central bank system and enter […] Cet article Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ est apparu en premier sur Bitcoin Central.
Bitcoin Central

EOS Price Hit after Getting a C- in Decentralization by Weiss

Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-. Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent of the voting power on its blockchain. That allows a handful of entities to practice censorship over hundreds of thousands of EOS investors. In comparison, provable decentralized projects like Bitcoin works across 9,300 nodes to confirm and validate transactions atop its blockchain. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 EOS spent a quiet weekend but its value eventually took a toll during the Monday session. The EOS-to-dollar exchange rate was down by $0.083, or 3.02 percent, as of 1658 UTC. Against bitcoin, the cryptocurrency did relatively better, falling about 1.64 percent to trade at 359 sats. The market capitalization likewise took a plunge roughly worth $500 million to settle a low at $2.534 billion. At its December peak, it was $2.613 billion. Ascending Channel The latest move downside brought EOS close to retesting the support of an Ascending Channel. While the lower trendline certainly capped the price from falling further downward, the negative sentiment arising from the Weiss report could weaken it in the near-term. The bearish case prompts EOS to retest to close below the Channel Support and target 304-342 sats area as an accumulation range. In the event of a breakdown, traders could extend their short position towards 284 sats while keeping a stop loss above the level at which they had entered the trade. EOS is trending inside an ascending channel | Source: TradingView.com, Coinbase On the other hand, the price has not failed to reach the upper levels so far. A pullback action from Channel support could push EOS back towards the Channel resistance. Traders with low-risk appetite could use the bounce-back as an opportunity to open a fresh long position 405 sats. Meanwhile, they could minimize risks by maintaining a stop-loss order just below the Channel support. A Consideration From a fundamental point of view, investors who were bullish on EOS might find it hard to digest its centralization issues. The sentiment could prompt some to switch their positions for tokens with more attractive opportunities. Such a scenario could suit the breakdown scenario as discussed above. Meanwhile, traders can look to accumulate EOS ahead of the launch of Voice. EOS creator Block.One on Thursday announced that it would launch the EOS-based social media platform on February 14. While the announcement did not help neutralize trading sentiments immediately, traders can still speculate on the Voice launch to make interim profits. One could watch out for a reversal from Channel resistance – a sign that traders are processing the Voice news – and place his/her upside positions. EOS Price Hit after Getting a C- in Decentralization by Weiss was last modified: December 9th, 2019 by Yashu GolaThe post EOS Price Hit after Getting a C- in Decentralization by Weiss appeared first on NewsBTC.
NewsBTC

EOS Price Hit after Getting a C- in Decentralization by Weiss

Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-. Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent of the voting power on its blockchain. That allows a handful of entities to practice censorship over hundreds of thousands of EOS investors. In comparison, provable decentralized projects like Bitcoin works across 9,300 nodes to confirm and validate transactions atop its blockchain. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 EOS spent a quiet weekend but its value eventually took a toll during the Monday session. The EOS-to-dollar exchange rate was down by $0.083, or 3.02 percent, as of 1658 UTC. Against bitcoin, the cryptocurrency did relatively better, falling about 1.64 percent to trade at 359 sats. The market capitalization likewise took a plunge roughly worth $500 million to settle a low at $2.534 billion. At its December peak, it was $2.613 billion. Ascending Channel The latest move downside brought EOS close to retesting the support of an Ascending Channel. While the lower trendline certainly capped the price from falling further downward, the negative sentiment arising from the Weiss report could weaken it in the near-term. The bearish case prompts EOS to retest to close below the Channel Support and target 304-342 sats area as an accumulation range. In the event of a breakdown, traders could extend their short position towards 284 sats while keeping a stop loss above the level at which they had entered the trade. EOS is trending inside an ascending channel | Source: TradingView.com, Coinbase On the other hand, the price has not failed to reach the upper levels so far. A pullback action from Channel support could push EOS back towards the Channel resistance. Traders with low-risk appetite could use the bounce-back as an opportunity to open a fresh long position 405 sats. Meanwhile, they could minimize risks by maintaining a stop-loss order just below the Channel support. A Consideration From a fundamental point of view, investors who were bullish on EOS might find it hard to digest its centralization issues. The sentiment could prompt some to switch their positions for tokens with more attractive opportunities. Such a scenario could suit the breakdown scenario as discussed above. Meanwhile, traders can look to accumulate EOS ahead of the launch of Voice. EOS creator Block.One on Thursday announced that it would launch the EOS-based social media platform on February 14. While the announcement did not help neutralize trading sentiments immediately, traders can still speculate on the Voice launch to make interim profits. One could watch out for a reversal from Channel resistance – a sign that traders are processing the Voice news – and place his/her upside positions. EOS Price Hit after Getting a C- in Decentralization by Weiss was last modified: December 9th, 2019 by Yashu GolaThe post EOS Price Hit after Getting a C- in Decentralization by Weiss appeared first on NewsBTC.
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