Since the blockchain was first conceptualized by Satoshi Nakmoto in the bitcoin whitepaper, uses for the technology have expanded far beyond cryptocurrency. Dapps — a portmanteau of Decentralized Applications — promise to unlock more of the potential of blockchain by using smart contracts to facilitate more functions of traditional finance, along with some more experimental applications dApps can be defined as applications with code running on a decentralized peer-to-peer network. dApps use smart contracts to execute commands and retrieve information from the Blockchain. Smart contracts are simply strings of code executed on the blockchain, that when certain conditions are met,…
Author: Tina Roth
Are you looking to grow your manufacturing business? Much like in any industry, it is always important to be looking ahead so that you can improve your business, remain competitive and satisfy your target customer. Growth is particularly crucial in an industry like manufacturing because it is fast-changing with many new trends, technology, and obstacles to overcome. Growth is always challenging, though, which is why it is helpful to be aware of a few tips which should help you to grow the company successfully and reduce the risk of making any kind of change. So, read on if you are…
Compared to most banks where they approve loans based on the client’s balance and cash-flow statements, asset-based lending has to do with the borrower’s using their liquid assets in exchange for the amount of money they need to borrow. Most borrowers that use this method are manufacturers, retailers, wholesalers, and other companies that provide services. They are the main clients that rely on asset-based lending. Since they have the equipment and materials that can be exchanged with cash which only takes a couple of days for the transaction to be completed. The investment management creates a loan to which they…
Creating a customer centric business is all about putting the needs of your customers into focus. Through building positive experiences for the people that utilise your products and services, your company can maximise your offerings and nurture long-lasting relationships. However, even a small bad experience can seriously damage the reputation of a business. So, how can you put your customers at the centre of your business so that you can enhance your organization? Let us discover 3 simple steps to creating a customer centric business. Shine a Spotlight on Customer Satisfaction In order to create a business that is focused…
When it comes to getting a business loan, you usually have a choice between two options: secured and unsecured loans. Unsecured loans are loans that do not require collateral, and secured loans are backed by a valuable asset of some kind. Loans secured by collateral are more likely to be approved, come with a lower interest rate, and often have better loan terms. However, there are both pros and cons to secured business loans, and it’s important that you understand them before you decide to apply for one. Here are three things you should know when using collateral for securing…
If you’re a startup enthusiast or have an idea to begin your entrepreneurial project, consider this as your initiation into the requirements of building a profitable startup. It is not enough to simply have a lucrative idea for a startup business to found your startup. You must also have a well-documented business plan detailing the whys and hows of your startup. What are the goals for your startup business going to be and how are you going to measure if your startup is measuring up to these goals? The only way to build a successful startup is to go about…
Business analytics is one of the most sought-after qualifications in the finance world today. We are constantly bombarded by torrents of data, and there are simply not enough people to process, compile, and analyse it all. And yet, analytics plays one of the most crucial roles when it comes to budgeting, purchasing decisions, product management, marketing, and production. This means that those with a business analytics qualification will always be able to use their skills and find a place in the job market. Let’s take a look at some of the best career options for business analytics graduates. Data Scientist/Computer…
For those who do not work in the financial industry, loans can be a rather confusing topic. All kinds of financial terms get thrown out there, and unless you are familiar with them, it can all be a bit confusing. Not learning what each of the terms means can, unfortunately, lead to thousands of dollars worth of fees, charges, and interest that only increase the cost of borrowing. In fact, if you do not understand the full cost of borrowing, it can become so expensive that the loan itself ends up being a poor financial decision. One set of terms…
Disability insurance benefits can be incredibly useful if ever you are unable to work due to an injury or illness. No one can truly know what the future holds but safeguarding your income by purchasing disability insurance can provide peace of mind that your earnings and livelihood are protected. Moreover, this is why taking out a few different types of insurance is so important. For example, if you have a health insurance plan in place, then you can use this plan to cover some of the cost of any future medical treatments. Just remember to always shop around when buying…
Nowadays, investment opportunities are drastically different from old-school methods. A few decades ago, you would only buy shares on a physical exchange. Today, over 15 million individuals connect to international markets from home. With the wide array of digital tools, you may trade currencies, stocks, and derivatives known as CFDs. New Generation of Traders In the conventional scheme, you only trade assets that belong to you. By purchasing shares issued by Tesla, you gain ownership of a fraction of the company. Shareholders are entitled to regular dividends, and they can sell their stock after it gains value. However, you may…