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Getting Big: For Small Businesses



There’s no fixed technique when it comes to being wealthy and there are no hacks either. Money can come fast or slow, in bulk or in pennies, but it’s not about how the money gets to you – it’s about how you ask it to come over and let it stay for long. Honestly, there are easy money-making schemes out there, but the ‘making’ part isn’t really what you have to focus on but the gray area of ‘saving’.

Cutting to the chase, small business owners often are skeptical when it comes to their business size, thanks to tons of misconceptions out there about high-flying industries and classy professions being the only ones who get bigger by already being big from the start. Honestly and simply speaking, getting rich is an internal process that starts with financial discipline and management.  To learn that, here are some helpful tips:

Make Your 24 Hours Count

Make time by getting up early. This way, you’d have several uninterrupted hours for planning ahead, going through your business’ necessary assessments, and preparing for the day’s duties. Contrary to clocking in on time and rapidly facing the storm of responsibilities, slow mornings can help you fine-tune how you’re going to deal with your upcoming circumstances. If you’re a night owl, boost your creativity and productivity by working while others are not. It just comes down to giving yourself the right headspace to better outsmart your workload, not to be stressed by it.

Get Rich By Living Like You’re Poor

Live below your means to save up for the important stuff. Many rich people spend less than they are earning to make the most out of their money. Don’t be ashamed to get yourself a bargain. Before spending on something, ask yourself if it’s something you really need or just something you fancy for the short-term. Remember that the trends of today can fleet in value anytime and you don’t want to be splurging your hard-earned money on something that would sell for half its price in a couple months’ time.

Accumulate enough earnings, invest, and let it grow. It’s this concept of letting your money work for you that will get you a head start in the pathway to wealth. Get rich before spending like you are one and by the time your savings reach your desired threshold, spend wisely to reward yourself.

Take Calculated Risks

In the business, it’s okay to settle if it’s the safest bet, but make sure you’re not letting huge opportunities slip by. When presented with possibilities accompanied by the paranoia of the unknown, it’s not always necessary to say yes, but it would do a whole lot of change to study the prospect.

PODS founder Pete Warhurst used to be a man of the traditional storage business when the idea of portable storage units popped in his mind. He shared, “You’ve come up with an idea, and your gut and instincts tell you it’s a good idea, be willing to take the risk. But monitor the decisions you make and be willing to admit when you made a bad one and change it and fix it.” Selling his company meant making a billion-dollar business out of it. Venture out but keep your eyes wide open.

Learn Taxes & Investments

Expounding the notion of letting your money work for you, learn to legally take advantage of tax reduction strategies and invest in the right programs. Tax-deferred investments, such as Individual Retirement Accounts or 401(K) plans are claimed by wealthy people as ideal instruments. As a business owner, you can also take on a Simplified Employee Pension (SEP) or Savings Incentive Match Plan for Employees (SIMPLE) plans.

Educate yourself on the power of compound annual growth rates to grow even the most modest 401(K).

Trust The Slow Process

Getting rich doesn’t happen overnight, and the arguments of inheritance and lottery winnings aren’t valid here as quick money isn’t an indicator of lifetime wealth. As early as you can, learn the magic of investment (and patience). Set a financial goal and stick to it – whether it’s saving a certain amount every week or investing a rate yearly. It’s never too late as long as you work well with time. One study by Ramsey Solutions claimed that nearly three-fourths of millionaires took 28 years to attain a 7-figure net worth, making them rich at the age of 55 or older.

Don’t Splurge On The First Step

In picking a business, go for those in the industry with low operating costs but emit a great profit potential. Unless you have an outside investment for those with high operating costs, choose humble beginnings with hopeful futures. Although you’d want a business to profit from as instantaneously as possible, you wouldn’t want to boast a name with empty pockets. Ease it out by picking a simple business and planning everyday on growing it.

Firmly Effectuate Your Business Culture

Albeit considered a ‘small’ business, it’s inevitable for it to be costly in the long run. When equipment starts operating inefficiently due to missed checkups and premises drop in the list of priorities, profit, too, could go down the drain. To prevent this, always keep an eye on your business’ details. This doesn’t only apply to the concrete details but also to the unseen customer impressions, product and service duplications, product reputation, and the dependability of your suppliers.

As the leader, make a great mentor out of yourself by letting your employees take pride in your well-run business. Practice what your business preaches and regularly check on the culture’s effectuation.

Mind Your Employees

As salaries are part of your business budget, make sure you’re allotting enough to give justice to your employees’ workload. Remember that the business isn’t going to help you if the people that manage it aren’t happy.  Foresee hidden expenses from employee turnover and customer dissatisfaction caused by poor employee morale by letting your team know they are the company’s assets. When they take pride in the job, they can lead the business, themselves, and yourself to wealth.

Give Frugality A Spot In Your Business Culture

One study says that 93% of rich people stick to their business’ set budgets, and this has shown significant impacts to their net incomes.  Before taking on any business expenditure, consider its recurrence. A $10/month bill would seem harmless at present but if it charges for years, the collective amount can present how much of your earnings the bill eats up. If it’s something you’re certain you’d be using in the long run, like external services or software tools, snatch the annual commitment instead. Most times, it’s those annual charges that hold the most discounts – just make sure you’re always scoring a great deal by weighing your options. Additionally, if you have software subscriptions that charge monthly but don’t necessarily do much in the business, cancel them. Periodically review your credit card statements and financial accounts to see which charges should be gotten rid of.

Establish frugality in your business culture to let everyone involved scrutinize every single minute expense and to educate them on how to smartly cover those expenditures.

Regularly Collect Receivables

You can be too hardwired to the job but still end up with insufficient profits. One of your biggest barricades to getting rich is your failure to collect money owed to you. Design an organized system that monitors the invoices sent out to clients. When waiting for months before getting paid becomes a habit, slashing your personal finances to shoulder charges will soon take a toll on the business.

Track your Days Sales Outstanding (DSO) to determine the time it takes to collect invoices. Well-run companies have a DSO average collection time of under 30 days. If it reaches 60 days or longer, expect poorer performance (industry-variable). 

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Amazon Alexa App’s Most Hilarious Responses



The Amazon Alexa App is always ready to help, especially in the most boringly dreadful of days stuck in quarantine. It can add a little fun into your day with these funny questions, you can ask Alexa to get the most unexpected responses.

Open Air Horn

An air horn blasting from the speakers is one of the most annoying things to serve everyone living in your home. It is also quite funny if you’re thinking of pulling a random prank.

Funny Cat Facts

Whether you are a cat person or not, asking Alexa for amusing facts about your furry friends will certainly make your day. Otherwise, it just turns out to be a good 15-minutes of educating yourself on interesting things about cats.

Read Funny Haikus

You can also ask the Amazon Alexa App to read aloud funny haikus about the most random topics. It could range from short poems about the refrigerator to chicken nuggets—practically anything you could think of.

Blast Fart Sounds

It sounds quite immature, but what’s not amusing about fart sounds unexpectedly blasting from your home speakers? The best part is that Alexa gives a joke about farts before throwing in a fart noise. If it doesn’t make you laugh, it’s a reliable proof way to get the kids in the house in a great mood.

Ask Who’s the Worst Roommate

Tricky Alexa can choose the worst roommate based on a pre-made list. This feature can be enabled so you can poke fun of your roommates. The bonus is that this can quickly solve any of your debates about who’s the better roomie.

Open, My Friend, Gollum

Lord of the Rings fans would be thrilled about this fun trick. Gollum will give you a riddle you need to solve. Step it up a notch and make it a contest on whoever gets the most answers correctly.

Is It Happy Hour?

Get a laugh out of the Amazon Alexa App’s reply to the golden question: is it happy hour? Whatever hour of the day it is, she will definitely give you a hearty “Yes!”. You would be glad to know that Alexa supports your drinking decisions.

Ask RoastMaster for an Insult

If you ever find the need to fuel your comeback bank with some of the wittiest lines ever written, go ahead and ask Alexa. Not only will you roll on the floor laughing by yourself, but you can also use them on your social media pages or your friends!

Ask Shakespearean Insulter to Insult my Brother

What better way to drop a comeback than in a sophisticated, Shakesperean manner. Just ask Alexa, and she would gladly oblige, reading you the best and funniest Elizabethan-era insults you have ever heard. It will surely leave you and your family laughing.

Begin Pizza Toppings

Most days, we just don’t know what we want on our pizza, and that’s okay because Alexa has got you covered. You can ask her to suggest pizza toppings, and she will give you three non-conventional but ultimately fun add-ons to make your pizza extra interesting. 

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How Traders are Capitalizing on Virtual Reality Goggles



Bank trading is getting a tech twist. UBS is giving its London traders an opportunity to test out trading rooms by employing VR goggles from Microsoft.

Since the pandemic started, it goes without saying that corporations were not prepared, which in turn reduced the number of people reporting for work, and coming to banks. While the lockdowns have been lifted and some businesses are slowly opening, the risk of the COVID-19 cases spiking is not a threat to be taken likely, which is why banks like UBS have been looking into other ways to simulate a regular day in the bank.

Beatriz Martin, the chief executive of the UBS UK branch was the first to consider this idea and has suggested starting working groups to work on reimagining the trading floor and also set up screens on the trader’s desks alongside their coworkers to encourage collaboration. 

Some banks such as JPMorgan have attempted to bring their workers back to the office but have had to send some workers home after one of them tested positive for the coronavirus disease. 

Meanwhile, other banks such as Deutsche Bank have made returning to the office as voluntary to avoid the risk of spreading the virus around and that most workers can return to the office in the middle of 2021 when the virus has been contained. 

BlackRock’s chief executive Larry Fink does not expect 100% of the workers to return to the office with the current situation, which is why virtual reality tools would be helpful to aid productivity from the safety of their homes. 

How VR changes the system:

With COVID-19 as a threat, it’s only natural that people are warier about coming back to work in an office, which is why it’s convenient to incorporate virtual reality so that you can simulate a normal workday without risking your health, and the health of others. 

The good thing is that there are multiple companies that specialize in virtual reality, which means you have options to choose from, which works for you. Microsoft launched HoloLens in 2015, and while it was initially perceived to be a gaming device, with their headphones at a price of $3000 upwards, it has since been considered by companies to be a tool for communication.

The first bank to consider using HoloLens for their trading business was Citigroup, in 2016, they developed the Citi system which combined financial data with 3D holograms. While they were looking into making the graphics in a way where clients could interact with the data, Citigroup decided against using the headphones because they felt it was too limited in terms of battery life, display size, and processing function.

Banks are an essential business, and staying afloat is one of the most important things they should focus on when it comes to the pandemic, which is why implementing virtual reality is a good move to replicate trading rooms for bank traders and their current investor clients. 

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12-Year-Old Named CEO for E-Commerce Business



Most 12-year old kids are busy studying for school, playing videogames, or running around a basketball field. For 12-year old Ojas Batra from Agra, however, he is busy building an empire. At a young age of 12-years old, Batra decided to develop his own company.

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Getting to Know Ojas Batra

His business idea stemmed back in January 2020 when he noticed that there are a lot of young children who cannot afford quality education. His concept involves drop shipping or a streamlined retail business where sellers accept orders from clients but do not keep the sold goods in their stock. He developed his entrepreneurial mindset when he noticed that formal types of education, usually in a classroom setting, do not provide for the needed skills and toolsets that pupils need.

He decided to formally drop out of school to pursue his passion for business. He also chose to understand and learn new skills relevant to his company, such as content writing, game development, graphic design, marketing, and the like. With all of these new skills under his tool belt, he can make an impact not just on the business world, but also to the community. 

The Hive: E-Commerce Business Foundation

Batra served as an intern for several tech companies and business industries that served well for his financial acumen and entrepreneurial skills. He Founded the Hive Group, which is comprised of three successful companies:

  • Teen Hive is a company whose main objective is to increase a typical teenager’s wellness. Since adolescence is a delicate period brought about by many changes (physically and emotionally), Batra being a teenager himself, decided to provide much-needed support for teenagers. This support includes finding appropriate sources of education, support for mental health, career, and skill development.
  • Skill Hive offers low-cost short-term classes offered to anyone – from young kids to senior citizens! It provides a wide array of short-term courses that people can specialize in, in the future.
  • The third company, called the Talent Hive, is still a work in progress! Knowing how the first 2 companies boomed, we do not doubt that the Talent Hive will follow suit in becoming a huge success.

What’s Next?

With the success of the Hive Group, what’s next for our teen entrepreneur? Right now, Batra is currently publishing a book entitled “Teenage AF.” The book is a semi-anecdotal of Batra’s life. It also tackles critical societal issues, such as the erroneous parts of the current educational system. It also includes how to live a teenager’s life in a changing world, including having more profound thoughts about acquiring specific skillsets to help individuals find their passion and meaning for their lives. 

Indeed, Batra is an inspiration to many people – young and old alike. His work through the Hive Group of Companies is a testament that age is just a number. With passion, grit, and a purpose to help others, anything is possible.

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