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Optimistic about your next Entrepreneurial journey? It’s time to rethink!

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Optimistic about your next Entrepreneurial journey? It's time to rethink!

One of the best advises you can ever get in your life is: Be positive and optimistic in your outlook towards life and everything you do. Sounds great, right? This is believed to be true for almost everything in your life. Be it education or sports, optimism is said to hold the key for your success. Optimism and enthusiasm is the confident feeling of hope and positivity for the future.

This is also backed by various medical studies. There is an immense amount of hormones called endorphins that are secreted from the brain with positive feelings and emotions. When you have that happy feeling, these hormones come from the amygdala. This part of the brain releases a hormone called serotonin which is a neurotransmitter that helps maintain your mood and emotions. Another neurotransmitter that is released when you are optimistic is dopamine , this is the euphoria feeling you get when your body is rewarding you for doing something pleasurable or satisfying. Dopamine causes a positive response to the brain, thus causing “happiness” to run throughout your body.

However, according to various independent studies and studies conducted in various universities in England, if you are an Entrepreneur, this feeling of Enthusiasm and optimism may not be as rewarding for you as it may seem.

It’s a fact that every day, entrepreneurs and business executives make difficult decisions with limited information and limited resources under stringent deadlines, sometimes with millions of dollars at stake. Yet, many a times these decisions are made not by analyzing relevant and actionable data, but through persuasive champions or unrealistic belief in a particular idea or about goals. No doubt, positive attitude and enthusiasm plays an important role in achieving the goals you set, but the idea to act upon should always be finalized after thorough market analysis and research with data to support the decisions.

Just because Cryptocurrency is a buzzword now and one “feels” that the whole idea of Block chain and Cryptocurrency is very exciting, one should never choose this as a business option. Unless you understand the concept properly, you are likely to loose time, effort and money if you make the decisions solely based on your “optimism” or “enthusiasm” about the concept.

Gene Marks, who is a Keynote speaker, Columnist and Small Business Expert and who  helps business owners, executives and managers understand various trends that can affect their companies suggest that it it is always good to make business judgments based on facts and not feelings. So, if you are an entrepreneur and need to make a big decision, too much optimism may actually not be a desirable trait to have. Too much optimism may not help you take rational decisions. A rational decision maker, which an entrepreneur should be, should never be influenced by news items or buzzwords, and any decision, whether new or an ongoing business decision, should be independent of any enthusiasm generated by the happenings in the outside world.

The report from “Curb Your Enthusiasm: Optimistic Entrepreneurs Earn Less”  study, which Gene highlights in his latest blog, “Business owners with “above average optimism” earned thirty percent less than those with below average optimism and substantially less than what they would’ve earned if they remained a corporate employee.”. You can read his complete blog here.

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3 Things to Do If You Want a Career in Business Management

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Career in Business Management

Many ambitious people are eager to work toward a successful career in business management, and they work hard to get where they want to be. If this is something that you would love to achieve, it is important to think about the steps you need to take in order to make your career dreams into a reality. There are various ways in which you can boost your chances of success, and by planning ahead, you will find the whole process far easier.

Getting into a career like this is not always easy, and it can present a big challenge to those with minimal management skills and experience. However, one thing you can do with greater ease these days is to turn to modern technology to boost your chances of career progression. From providing you with job opportunities to giving your access to better resume tips, there are many ways in which you can benefit by going online. In this article, we will look at some of the things you can do if you want a career in business management.

Some Steps to Take

There are a few key steps you can take online if you want a career in business management. Some of these are:

Improve Your Skills and Qualifications

One of the things that you may need to do in order to boost your chances of success is to improve your skills and qualifications. In the past, this might have meant disrupting your current schedule and commitments to go to college, but these days, you can do this in your spare time and from the comfort of your own home. There are many online learning facilities that provide you with access to courses and training, and this can make it easier to earn the qualifications and gain the skills that you need.

Try to Gain Experience

Another thing that you should do is to try and gain some experience, as this is something that will look good on your resume and means that you will be able to impress interviewers. If your current job does not give you any opportunities to do this, you can always contact charities to see whether they need any volunteers in management positions. In addition, you can contact local businesses to see whether they are able to help with any work experience opportunities that you can undertake in your spare time.

Register Your Details for Relevant Jobs

Naturally, when you want to get into a management position in the world of business, you need to be on the ball when it comes to finding relevant opportunities. One simple solution to this is to register your details for relevant business management jobs online via the various jobs agencies that are in operation. You can then be informed of new opportunities automatically, which saves you time and inconvenience.

These are some of the things you should do if you want to boost your chances of a successful career in business management. 

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Tax & Accounting Startup TaxBit Raises $130M Series B at $1.33B Valuation

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Tax & Accounting Startup TaxBit Raises $130M Series B at $1.33B Valuation

TaxBit, the leading tax and accounting software provider for the digital economy, announced today a $130 million Series B funding round at a $1.33 billion valuation. The round was led by IVP and Insight Partners with additional participation including Tiger Global, Paradigm, 9Yards Capital, Sapphire Ventures, Madrona Venture Group, and Anthony Pompliano. In conjunction with the financing, Tom Loverro, General Partner at IVP, and 2021 Forbes Midas List awardee, has joined TaxBit’s Board of Directors.

This investment comes just five months after the company raised a record-breaking $100M Series A. Since that time, TaxBit has tripled headcount while launching HQ2 in Seattle, deployed services with the IRS, and entered into partnerships with many leading digital asset platforms. Dozens of financial institutions are deploying TaxBit’s Tax Center Suite technology. Many of these platforms will be announced throughout the remainder of the year as 2021 tax season approaches, with FTX US revealed today.

FTX CEO Sam Bankman-Fried commented, “FTX US is excited to partner with TaxBit in bringing a world-class tax experience directly to our platform. FTX US users will have access to portfolio performance statements, tax optimization tools, and year-end tax forms that make it easy for users to report and file their taxes. TaxBit’s technology supports FTX’s commitment to compliance while focusing on the customer experience.”

TaxBit will use the funds to scale its multi-channel ecosystem of tax and accounting offerings across enterprise, consumer, and government sectors. The company plans to double headcount by the end of the year and continue to open new offices in the USA and UK to fuel international expansion.

“Tax reporting requirements make TaxBit a ‘must have’ for both crypto-native companies as well as traditional financial services companies as they increasingly embrace crypto,” said Tom Loverro, General Partner at IVP. “TaxBit has emerged as the clear market leader in its offering to enterprises and tax authorities. It is a privilege to partner with Austin and the TaxBit team on their next phase of growth.”

“TaxBit is pioneering a comprehensive suite of cryptocurrency tax products, and is poised to capitalize on incredibly strong industry and regulatory tailwinds,” added Ajay Vashee, General Partner at IVP, who will join the company as a board observer.

Nikhil Sachdev, Managing Partner at Insight Partners, will join the company as a board observer. “The tokenization of our global financial system is underway, and our current tax, accounting and ERP software infrastructure isn’t equipped to manage this shift. TaxBit has emerged as a leader in the industry and the platform helps everyone from consumers, exchanges and government to enterprises easily manage tax compliance and financial reporting on crypto transactions. We’re thrilled to be part of this next chapter of TaxBit’s rapid growth.”

Digital asset adoption continues to quickly go mainstream as institutional investors and global payment providers offer cryptocurrency alongside traditional assets. The digital economy’s need for tax and accounting software grows with the industry as regulators require more formal reporting practices.

“We are living in a time where everything is going digital, including traditional assets,” said Austin Woodward, TaxBit CEO. “As we’ve built and deployed modern tax and accounting software tailored to digital assets, it’s become clear that legacy tax information reporting solutions are built on antiquated technology that provides a poor client experience. TaxBit is changing the game by providing clients and their users modern, real-time technology that affords visibility and tax optimization opportunities throughout the year.”

About TaxBit

Designed by CPAs and tax attorneys, TaxBit is the leading tax and accounting solution for the digital economy. TaxBit’s customers include the world’s top exchanges, institutional investors, governments, and individuals. As the first and only company to build real-time ERP accounting software for commodities, equities, and other digital asset investments, TaxBit provides enterprise clients with seamless end-to-end solutions including core accounting suite, customer management suite, and form issuance. TaxBit Consumer makes filing taxes on digital asset investments simple and painless, while equipping them with real-time directional insights 24/7, 365. TaxBit connects all digital asset transactions across every exchange so that individuals and enterprises can accurately file their taxes, manage their portfolios, and make tax-optimized trades, all through TaxBit’s seamless & secure software. TaxBit has HQ in Salt Lake City and Seattle.

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Need Money Now? Here Are 7 Ways You Can Gather Small Cash Fast

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Need Money Now? Here Are 7 Ways You Can Gather Small Cash Fast

Running short on your monthly budget? Don’t worry, we have you covered.

This article will provide you with 7 of the best quick money options to get you out of your small cash binds. Obviously, when you need money and that too urgently, a small personal loan seems like the best way out. There are no obligations, other than repaying the loan, and also the money is completely legal.

In this article, you’ll find everything, including short-term personal loans and other money-making tricks to satiate your financial needs.

So, stay with us and keep reading to know more.

Online Installment Loans

As already mentioned short-term personal loans are one of the first thoughts to cross many minds when they need urgent money. However, most don’t really know where to look and what to look for in a short-term personal loan.

A rather convenient way to access these unsecured loans is going through an online money lending network. Of course, accessing lending options online reduces the paper-tussle and also speeds up the process.

Typically, taking out an installment loan from a private lender or a bank would require you to visit their corporate office. On the contrary, the online process eliminates all these hurdles.

All you need to do is fill in some basic details, choose the term and amount of the loan, and submit your application. It would usually take not more than 2-3 minutes. Plus, you stand a better chance of receiving an economical loan and that too without having to share your credit history or score.

Payday Loans For Ultra-Short Fund Needs

An alternative to installment loans is a payday loan. While installment loans, as the name suggests, are to be repaid in parts, payday loans are to be repaid one-time.

Notably, these loans are most suitable when you need a very small amount of money. For example, accessing a payday loan for a $500 loan is wise, but when you need more money, it would be better if you look for installment loans.

Although, many lenders offer payday loans up to $5000 or even more, you should only choose these loans when you know you can repay in time and without fail. The biggest issue with payday loans is the processing fee and comparatively high-interest rates against conventional loans.

Liquidating Your Assets

The aforementioned loans are mostly for those who do not have any assets to liquidate or mortgage against. Of course, when you have no savings or investments, you can presume to have no backup. And you’re left with no other option than seeking a short-term personal loan.

If you already have some investments, let’s say, mutual funds, it is better to sell them off rather than taking out a loan. The benefits of liquidating your assets are you need not to pay any interest. But instead, you also get access to your earned profits, in terms of dividends.

That being said, there is also a catch to this option. It is only advisable to liquidate your assets if they have reached maturity. In some cases, your bank or your financial manager won’t let you sell funds.

Mortgage Against Your Property

Another alternative to liquidating your assets is seeking a mortgage against them. While most commonly, a mortgage is offered against an immovable asset, such as a piece of land or a house, but you can also access a mortgage against other high-value assets.

For example, you can seek a mortgage against your mutual fund’s policies, or you can also place your insurance policy as collateral.

The benefit of seeking a mortgage against your assets is only that you still own your assets. They are only being placed as collateral and will only be redeemed if you fail to repay your debt.

Organizing A Garage Sale

Quite possibly you’d have a lot of stuff at your home or your office that you don’t use anymore. There could be endless reasons for it including you may not need them anymore.

It is a good idea to sell them off to make some money when you know you don’t need them anymore.

Organize a garage sale for the stuff that you don’t use or need. Not only will it bring you the necessary funds but also help you get rid of all the clutter from your place.

Take Up A Side-Hustle

One of the best ways to make some quick money is by taking up a side-hustle. In fact, according to a survey, nearly 63% of Canadians have a part-time job apart from their regular stream of income.

Taking up a part-time job will solve your financial problems once and for all. Many part-time jobs are available either on a contract or hourly basis. It means you can expect to receive the payment for the work you do as soon as you complete and submit it.

It is noteworthy that you have endless options to choose from when it comes to taking a part-time job. You can take up freelance graphic design projects, or content writing orders. Or you can also take up a waiter’s job at a nearby diner. All you need is to know that you have the necessary skills needed to perform the task you take up.

Loan Against PF or 401(k) Account

Most of the time, financial advisors opine that withdrawing from PF or 401(k) accounts will harm a person’s credit score. And, as a matter of fact, this is true to some extent.

Despite the fact, there could be situations where you may find no other solution to your financial crunch.

But, still, it is rather best to seek a loan from your 401(k) account. The benefit is, your PF is still secure and all the interest that you pay adds up to your savings only. However, there’s a catch to this as well. When you take out a loan from your PF account, it is rather important that you pay it off in time. Otherwise, it may reflect as a distribution of payments and you may have to pay a penalty on the amount you borrow.

Facing a cash crunch is no ordeal. It could happen to anyone. What’s rather important is steering out of this financially troubling situation the most efficient way. You need to find a solution that not only fulfills your needs but also protects your financial future.

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