Making Money On The Move

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StrategyDriven Practices for Professionals | Making Money On The Move

Want to make money this year? Well, if you’ve thought about buying and selling stock investments but been put off in the past by having to work with a stockbroker and having to pay this stockbroker, then fear no more. Today you can you can enter your own stock trades through a stock broker’s website or stock trading app. Mobile trading from your smartphone or tablet can be done on the go and means you don’t have to be stuck in an office, chained to your computer. You don’t even have to have your laptop, so you don’t necessarily have to chase WiFi signals at coffee shops or a shared workspace. Mobile trading allows you to manage your investments from anywhere that you have service. This means that whether you’re on holiday abroad or just out and about doing everyday activities, you have access to your accounts and trading.

Mobile trading isn’t just a way of checking your account balances or the price action of stocks, it is a way of trading stocks on your phone, executing instantly no matter where in the world you are. Here are a few great apps that you can use to make money on the move.

TD Ameritrade Mobile

TD Ameritrade is one of the largest brokerage firms, and the company offers multiple mobile apps depending on your needs. The basic TD Ameritrade Mobile app gives you much of the power you have on your desktop stock trading app in a mobile experience for iOS, Android, and Windows phones but for a more powerful trading experience, there is the TD Ameritrade Mobile Trader app which is available for iOS and Android.

For beginning and passive investors, the TD Ameritrade Mobile app offers plenty of power for your needs. You can customize your dashboards and screens, access research and advice, transfer funds, get market alerts, and even watch videos teaching how different types of trades and investments work. TD Ameritrade Mobile Trader is better for advanced and active investors, as it is loaded with charts, technical indicators, and analysis to help you make trade decisions and enter on the go.

IQ Option

IQ Option is a top investing application with a clean and intuitive interface, created to meet the needs of the most demanding traders. This platform provides clients with an opportunity to trade 500+ assets: from Forex and indices to commodities and stocks. With IQ Option, EUR/USD, GBP/AUD, CAD/CHF, shares of Tesla, Netflix, Spotify, Alibaba, oil and gold so many more can be traded just as easily and on the same platform.

Acorns

An excellent one for beginners, if you want to invest and have no idea what to do, Acorns is a good one to start with. Once you link your bank account, Acorns will track your regular spending and “round up” purchases, which is then transferred to your Acorns account to invest. You can also transfer funds to your account manually. Once your money land in your account, Acorns will automatically build a portfolio of stock and bond investments based on a brief questionnaire you complete when signing up for a new account. The robo-advisor style app invests exclusively in ETFs to build you a diverse, broad portfolio in line with your investment goals.

To learn more, read Best Mobile Trading Apps by AskTraders.

Navigating the Seas of Entrepreneurship: 7 Pitfalls You Need to Avoid as a Small Business Owner

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StrategyDriven Entrepreneurship Article | Entrepreneurship | Navigating the Seas of Entrepreneurship: 7 Pitfalls You Need to Avoid as a Small Business OwnerAs an entrepreneur, learning to navigate the business landscape can be tricky, especially if it is your first time starting a business. Learning the hard way is never advised if you can absorb the lessons of those who have sailed into the business world before you. However, as an entrepreneur, you may be facing greater risks than normal that can potentially become snares on the path to success. Consider these seven pitfalls to avoid if you want your company to flourish.

Not Setting Clear Goals

A business owner who does not take the time to set clear goals and objectives will travel in many different directions, and is more likely to waste time, money, and effort in the process. Avoid making the mistake of “winging it” as you go, or you may find yourself nowhere fast, or moving in unprofitable circles. Not setting logical, measurable goals can result in great frustration and disorder. Goals and objectives serve as a way to determine whether or not the company is making meaningful progress. Without goals, it is far more difficult for employees to meet quality standards, and for CEOs to make intelligent decisions on behalf of the business. Making your goals too general, or creating unreasonable, elusive aims can leave you and your employees wondering whether the company is sailing forward, or stagnant at sea.

Not Performing Market Research

Many individuals may brainstorm what they believe is a great business idea, but it is a mistake to avoid performing thorough market research before launching any type of business. By understanding the intended industry you plan to break into, you can make more strategic moves to obtain higher influence and more customers while blazing a trail to success. Selecting an oversaturated market can also make it far more difficult for your business to excel, so it is recommended to pick a niche market that you can dominate in.

Not Defining Your Target Market

A business that intends to serve everyone often ends up serving nobody well. It is crucial to focus on a target audience as an entrepreneur. The Small Business Chronicle declares that any company that lacks a target audience can have haphazard promotion strategies, severe budget issues, ineffective consumer tracking, and poor site traffic and conversions. If you know who is a part of your target audience, then you can invest in marketing, omni-channel advertising, and product research and development accordingly.

Not Having Adequate Capital

Ensuring that you have enough financial resources to launch and keep the doors of your business open is wise. It is critical for business owners to secure enough capital to execute operations,obtain efficient, industry software and equipment, and to compensate employees (if you have them). As a small business owner, you can get a loan to help meet fundamental financial needs required to launching and maintaining your business. With a combination of personal funding, loan monies, and funds from investors, you can successfully fuel your small business.

Not Following a Solid Budget Plan

Having money at your disposal is not enough. Acting without a detailed budget plan for your company is reckless and can lead to a significant waste of resources. The Small Business Administration reports that about half of small businesses survive the first five years, but only a third make it past the 10-year mark. Business failure is often a result of the lack of financial resources. CEOs that are too eager to launch without being prepared for both fundamental and unexpected expenses are often stricken by surprise. It is not unusual for a small business to make little to no profit during the establishment stage, so your access to financial resources must be secure until you can generate a steady profit.

Not Creating an Online Presence

Billions of people browse the internet daily, and a huge number access social media platforms every day. If you want to launch a successful business, you cannot underestimate the power of an attractive online presence and reputation. In addition to creating an excellent website that is easy for visitors to navigate, your site and sales funnels must be mobile-optimized for stronger search engine optimization (SEO). Forbes suggests that your site should be mobile-optimized to rank higher in search engines and to cater to the growing mass of mobile users.

Integrating social media marketing into your company’s marketing plan is fundamental to expand your reach to any target audience. Tons of consumers regularly use social media to interact with friends, family, coworker, and strangers, and they are often glad to share their experiences and review companies that they deal with. The Pew Research Center reports that nearly 90% of 18- to 29-year-olds use social media, nearly 80% of people aged 30 to 49, and about 64% of people aged 50 to 64. If your company builds a significant online presence and maximizes it through social media, you can obtain widespread exposure for your brand, and boost your sales significantly.

Not Selecting the Right Partner

One serious pitfall that business owners must avoid is selecting a terrible partner to go into business with. Giving up too much equity too soon with a bad partner is a move that an entrepreneur can live to regret. Although the excitement of launching a business with someone to assist you may seem like a good idea, if you end up at odds and ends with your partner, it will likely cost you in an expensive separation. However, selecting the ideal partner that possesses strong industry knowledge, passion, and is fully committed to the company mission is a true advantage. When you are feeling anxious, your partner can provide encouragement and offer solid advice and direction. Entrepreneur suggests that selecting someone who complements your strengths and weaknesses and shares your vision for the company is key.

Achieving success in a business does not occur by chance, but it is often the result of extensive preparation, deep work, compatible partnerships, and strategic execution. Creating a detailed business plan is the first major step to take to sail towards success in any industry. Having a mission that resonates with your values and the type of brand that you desire to represent to the world is essential for becoming fruitful in entrepreneurship. Small business owners that do not heed the warnings may find themselves out of business and in debt within the first few years. If you cover all of the bases and avoid dangerous pitfalls in your business, you can attain excellence on your journey.

How Can A Business VPN Secure Your Company?

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Across the globe, VPN services are providing privacy and security to more than 400 million consumers and businesses. Business VPNs are used to help safeguard the information employees send and receive online and protect their internet connections from unauthorized intrusion and other dangerous hacks.

Here, we’re going to discuss how a business VPN can secure your company, so read on if this is something you’d like to learn more about.

StrategyDriven Risk Management Article | Business VPN
 
What Is A Business VPN?

A business VPN is something you use that provides you with end to end encryption for your business device’s internet connection. You get a secured web connection to your company devices, wherever people connect to the internet. You will be able to avoid things like hackers, governments, fake wi-fi, competitors, and more when you use a business VPN.

Is it a good idea for you to start using a VPN? Well that can depend on what your business goals are. We discuss the benefits of a VPN below:

Better Security For Your Business

Hackers and other threats can still be a danger if you have firewalls, antivirus protection, and other things in place. A typical online connection isn’t all that secure or encrypted, so a business VPN can ensure you are protected from the lesser known viruses, hackers, and threats. A good VPN will protect sensitive customer and client information, internal documents, internal communication and other trade secrets. Although it’s possible to pay for a VPN service, it could be a better idea to go for a Free VPN to begin with, especially if you’re not yet convinced of what this can do for you.

Secure Data Sharing

One of the best uses of a VPN is safe and secure data sharing. You will safely be able to share data between your colleagues and even those outside of your organization. You just have to ensure the VPN encrypts your entire internet connection rather than just the connection to your company network.

Remote Data Access

How do you securely connect to your cloud? A VPN allows you to remotely connect into a secure server that hosts the data you need to access, keeping you secure from prying eyes.

Companies that want to improve security while not hindering accessibility for their employees should all look into a VPN.

Avoid International Censorship

If you’re looking to grow your business, this may mean traveling to and from countries that have internet censorship in place – and this can hinder your employees and your progress in a big way. With a business VPN you can choose different locations to appear as if your business is still connecting to the internet just like you were back home.

When you’re thinking about whether a VPN is the right choice, other things to consider include set up costs and management and operations. A business VPN may not might be an ideal solution for every type of company, but the security and flexibility it offers can help those organizations looking to protect their data as securely as possible.

Steps To Solving Operational Issues

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If you are spending more time encountering the same issues over and over again in your business operations, you are going to notice over time that they are festering into bigger issues. The thing is, no matter what industry your business is in, if you have done the things that you have always done, you will get the results that you have always gotten.

Choosing to implement an approach that solves problems in your business can help you to realise the root cause of what is going wrong in your operations, so that you can approach it the right way and find solutions to the problem. Manufacturing plants are large places, and anything from boilers to heat exchangers can go wrong at any time. You need to take a problem solving approach and below, you will find this solution broken down into steps to make sure that mistakes do not happen.

StrategyDriven Managing Your Business Article | Operational Issues Resolution | Corrective Action Program
 
Look at the problem. An issue can be seen as a temporary setback or an interruption in production. The problem is that these temporary setbacks can be costly, and the first thing that you need to be aware of is if a problem exists and you should view it as an opportunity to make improvements for next time.

Get to know the issue. Something in the plant has broken down and production has halted across the board. In order to understand the issue, you need to figure out what started all of it. Some of the questions that you can ask is:

  • Who needs to be informed?
  • What are the processes in question that have failed?
  • When and where did the issue occur?
  • What caused the issue?
  • Does the problem happen too often?

Implement temporary measures. You can’t always find a perfect solution right away, and that’s okay! You first need to put out the fire and put the right fix in place for now – even if that fix is only temporary.

Find the cause. You can’t always find the exact cause of the issue straight away, but when you do you need to find the root cause and not just the immediate problem. If the heat exchangers or boilers have failed, you need to figure out what caused the failure and then trace back from there to fix it. This will prevent it from happening again.

Find a solution. Once you know the root cause of the issue you are facing, you can figure out the solution. Work with your team and examine your options wholly. Once you find your solutions, plan for back up solutions in case the first solution doesn’t work.

Make a plan. Action plans are there to help you to implement the solutions that you’ve come up with. With the right resources and an established timeline, your progress can be closely watched.
Reap the rewards. When you start to see progress and results, collect the data to evaluate these results and use performance indicators against any standards you set. Adjust your plan and make it work.

EchoWolf Solutions Listed as a StrategyDriven Trusted Services Partner

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StrategyDriven Trusted PartnerStrategyDriven is proud to introduce EchoWolf Solutions as our newest Trusted Services Partner!

Having completed our rigorous certification process, we found EchoWolf Solutions to be a market leading service provider with proven client results.

Organizations wanting to profitably grow revenue and increase customer retention and brand loyalty need a Chief Relationship Officer who is a trusted advisor, force multiplier, and executive connector. EchoWolf Solutions’ Sally White leverages her extensive Fortune 500 company senior executive network to gain clients new contracts and Department of Energy Grants valued in the millions of dollars while teaching them how to create high levels of growth and profitability through sustainable traditional and digital marketing and business development strategies.

EchoWolf Solutions provides services in Marketing and Sales.

About EchoWolf Solutions

EchoWolf Solutions serves as a trusted advisor, connector, and profitability multiplier for clients and partners.

Learn more about EchoWolf Solutions at: http://EchoWolf.Solutions

About StrategyDriven

StrategyDriven provides executives and managers with the planning and execution advice, tools, and practices needed to create greater organizational alignment and accountability for the achievement of superior bottom line results. At StrategyDriven, our seasoned business leader experts deliver real-world strategic business planning and tactical execution best practice advice – a blending of workplace experience with sound research and academic principles – to tens of thousands of business leaders worldwide.

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