Business | Crypto Trading

10 Books That Will Make You Rich 😉

1️⃣ Think and Grow Rich By Napoleon Hill
2️⃣ The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime By MJ DeMarco
3️⃣ Rich Dad Poor Dad By Robert T. Kiyosaki
4️⃣ Your Money or Your Life By Vicki Robin
5️⃣ The Go-Giver: A Little Story About a Powerful Business Idea By Bob Burg
6️⃣The 4-Hour Workweek By Timothy Ferriss
7️⃣ How to Win Friends & Influence By Dale Carnegie
8️⃣ The Richest Man in Babylon By George S. Clason
9️⃣ Outliers: The Story of Success By Malcolm Gladwell
🔟 The Intelligent Investor By Ben Graham

@Business_CryptoT

Finding a problem
or How to find business problems and the ones you have

You're going to have to brainstorm. Some people recommend that you just sit around waiting for inspiration to strike. I don't. That might take years, if not forever. Be proactive.

It's hard to say where the best place to start brainstorming is, not because there are so few, but because there are so many. There are thousands of good problems out there, and practically anything can trigger you to stumble across one.

What's more important is that you recognize a good problem when you see one, and vice versa. If a problem scores poorly on the guidelines above, don't waste your time. Keep brainstorming.

For that reason, it makes sense to start with one of these guidelines in mind, and let that be your trigger. For example, since it's helpful to solve a problem that you have yourself, why not take a look at your own life and see if you can spot any problems. What worries you, exasperates you, or annoys you?

The other guidelines also work well as brainstorming triggers. Who do you like spending time with? What groups are you a part of? What are some problems you notice people solving frequently? What's something that seems to be growing into a bigger trend?

My personal favorite is to start by looking at where people are already spending lots of time and money and go from there. Money changing hands is almost always a sign that there's a valuable problem being solved.

Avoid Fatal Mistakes

Founders typically have already made one or two huge mistakes by this point. If you can avoid these, you'll be way ahead before you've even started.

Starting with a solution in mind. I've mentioned this already, but it's worth repeating. You need to be honest with yourself here, because this is sometimes subtle. If you're already attached to a particular idea for a product, technology, or set of features that you want to build, that's going to ruin your ability to find a solid problem and analyze it objectively. You've put the solution first, and it's blinding you to opportunities.
Ruling out already-solved problems.
Nothing in the guidelines above says that a good problem is one that nobody is solving. In fact, the opposite is usually true. Almost all successful businesses start by tackling problems that have popular, pre-existing, alternative solutions. Way too many founders attempt to solve unsolved problems, then get stuck. These problems are often unsolved because they're unimportant and people don't care.

Being afraid to solve high-value problems. Indie hackers in particular are notorious for only tackling cheap, low-value problems. You don't have to sell something for cheap to have a chance at success. That's backwards. It's actually harder to sell cheap things, because people care less. I've bought more cars than back scratchers in my life. It doesn't matter that you're a small, scrappy startup. I've met 2-person teams selling their software for $10,000 per year per customer. Pick a high-value problem and charge a high price.

Not having a specific customer in mind. If you can't articulate whose problem you're solving, how is your website going to articulate it? If you want to wait and see who the best customer turns out to be, that sounds a lot like a key looking for a lock. If you think your product is for everyone, it's probably for nobody. If you describe your target customer by combining a bunch of attributes (e.g. "iOS users who need to get tasks done but prefer modern, clean UIs"), that's not an actual group of people. You're just describing the features of a product you're already biased toward building.

Some of these points are a bit counterintuitive. That's why so many generations of smart-but-uninformed indie hackers are repeating the mistakes of their predecessors.

But it's simple to avoid these kinds of mistakes once you know them. It's more a more a matter of knowledge and discipline, rather than genius or hard work.

@Business_CryptoT

Helpful sites and services for crypto investors
The list is to be updated as needed.

Visual monitoring of the crypto market situation
cryptorank.io/heatmaps
cryptobubbles.net

Services with tracking of cryptocurrency prices, exchanges ratings, etc.
coinmarketcap.com
coingecko.com
cryptorank.io
dropstab.com

Breaking news
cryptopanic.com

Cryptocurrency events calendar
coindar.org
coinmarketcal.com

Index of Fear and Greed
alternative.me/crypto/fear-and-greed-index

Altcoin Season Index
blockchaincenter.net/altcoin-season-index

Creating your own crypto portfolio to track profits
coinmarketcap.com/portfolio-tracker
dropstab.com/portfolio
blockfolio.com

Platform with data on projects (testnet, affiliate programs, airdrops - i.e. everything you can profit from)
dropsearn.com

Token-sale tracking site (publishes upcoming and current ICOs)
icodrops.com

Bitcoin network observer
blockchain.com/ru/explorer

Statistics of ETN transactions and tokens running on Ethereum
etherscan.io

DeFi funds volume analysis service
defillama.com

Platform for charting and monitoring cryptocurrencies
tradingview.com

@Business_CryptoT

Brand Logo

A logo is very important for a business. People can recognize an image/picture very quickly. And a logo is a picture/image which contains your brand name. 

Strategy: 
1. Hire a professional graphic designer to create your logo. 

2. Your logo should be unique. 

3. Your logo should be as simple as possible. 

4. Simple logo does not mean a colorless logo. Add some color to your logo. 

5. It will be best if your logo contains your brand name with your slogan. 

6. Your logo can be iconic or text based. 

@Business_CryptoT

10 steps to start your business

Starting a business involves planning, making key financial decisions, and completing a series of legal activities. Scroll down to learn about each step.

1, Conduct market research

Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business

2, Write your business plan

Your business plan is the foundation of your business. It’s a roadmap for how to structure, run, and grow your new business. You’ll use it to convince people that working with you — or investing in your company — is a smart choice.

3, Fund your business

Your business plan will help you figure out how much money you’ll need to start your business. If you don’t have that amount on hand, you’ll need to either raise or borrow the capital. Fortunately, there are more ways than ever to find the capital you need.

4, Pick your business location

Your business location is one of the most important decisions you’ll make. Whether you’re setting up a brick-and-mortar business or launching an online store, the choices you make could affect your taxes, legal requirements, and revenue.

5, Choose a business structure

The legal structure you choose for your business will impact your business registration requirements, how much you pay in taxes, and your personal liability.

6, Choose your business name

It’s not easy to pick the perfect name. You’ll want one that reflects your brand and captures your spirit. You’ll also want to make sure your business name isn’t already being used by someone else.

7, Register your business

Once you’ve picked the perfect business name, it’s time to make it legal and protect your brand. If you’re doing business under a name different than your own, you’ll need to register with the federal government, and maybe your state government, too.

8, Get federal and state tax IDs

You’ll use your employer identification number (EIN) for important steps to start and grow your business, like opening a bank account and paying taxes. It’s like a social security number for your business. Some — but not all — states require you to get a tax ID as well.

9, Apply for licenses and permits

Keep your business running smoothly by staying legally compliant. The licenses and permits you need for your business will vary by industry, state, location, and other factors.

10, Open a business bank account

A small business checking account can help you handle legal, tax, and day-to-day issues. The good news is it’s easy to set one up if you have the right registrations and paperwork ready.

@Business_CryptoT

THE TOP TEN DO’S

1. Prepare a complete business plan for any business you are considering.
2. Use the business plan templates furnished in each session.
3. Complete sections of your business plan as you proceed through the course.
4. Research (use search engines) to find business plans that are available on the Internet.
Package your business plan in an attractive kit as a selling tool.
6. Submit your business plan to experts in your intended business for their advice.
7. Spell out your strategies on how you intend to handle adversities.
8. Spell out the strengths and weaknesses of your management team.
9. Include a monthly one-year cash flow projection.
10. Freely and frequently modify your business plans to account for changing conditions.

THE TOP TEN DON’TS

1. Be optimistic (on the high side) in estimating future sales.
2. Be optimistic (on the low side) in estimating future costs.
3. Disregard or discount weaknesses in your plan. Spell them out.
4. Stress long-term projections. Better to focus on projections for your first year.
5. Depend entirely on the uniqueness of your business or the success of an invention.
6. Project yourself as someone you’re not. Be brutally realistic.
7. Be everything to everybody. Highly focused specialists usually do best.
8. Proceed without adequate financial and accounting know-how.
9. Base your business plan on a wonderful concept. Test it first.
10. Pursue a business not substantiated by your business plan analysis.

@Business_CryptoT

Brand Name

Before starting a company you have to select a brand name. Think positive. You have to think that, one day your brand will be one of the best selling brand/company in the world. So you have to prepare yourself for the competition. 

Strategy: 
1. Select a small and easy name. Because your brand name should be easy to everyone. An easy and small name will be help to people to remember your brand. 

2. Try to select an unique name. Sometimes people can remember negative/unique name, but it should be easy. 

3. You can make a slogan for your brand. Because your slogan will be highlight your business purpose or goal. You can make your slogan with your category or service. 

4. Example: Say, you have a fashion house and you named your company as YOUTH ZONE. But this brand name does not contain your business purpose or service you are providing. So if you add a slogan like FASHION FOR YOUTH. People will understand very simply that what is YOUTH ZONE. So a slogan is very important. 

@Business_CryptoT