The five-year anniversary marks a good time for business owners to stop and evaluate the company’s status and the next steps going forward. Much will depend on where the company stands in relation to where it was half a decade ago. This metric can help small business owners gauge what the next five years have in store.

Here are some typical options for thoughtful consideration:

Expand

If you’ve been in business for five years, the next question is whether or not to expand your business. Just because you are profitable and problem-free at this point does not necessarily mean the company should grow. Investing in higher production, more employees, or expanded facilities runs the risk of over-extending your financial and managerial capabilities. But if everything is running smoothly with savings in the bank and careful use of small business loans, this may be the time to take your company to the next level in moderate rather than giant steps. Scaffold your growth incrementally to minimize the risk of loss while assessing each new phase of development.

Upgrade

With operations running smoothly, you may want to upgrade machinery or processes to save time. While this usually entails an up-front investment, with a clear eye to the economy and a realistic view of possibilities, upgrading to new or improved assets can set the bar higher to help the company reach new goals. Upgrading equipment may help to keep your business competitive within the industry while soon seeing more profitability.

Reorganize

At five years, it may be time to consider reorganizing the company. You may want to step back from leadership to let an outside person come in with fresh ideas. The business may have grown to the point that you decide to establish a subsidiary branch for a specialized offshoot product. Department divisions could become more diversified. Future growth may need to be strategized and direct the reorganization for a leaner budget or increased productivity.

Refocus

If profits are lagging or employee performance is sliding, it could be time to refocus company efforts into rebuilding the product line. This might be a good opportunity to introduce motivational employee training, too. If the company has experienced mission creep or the original goals have shifted, this is a good time to reevaluate and refocus company objectives.

Sell

When a business reaches and exceeds the original goals, another option is to sell the company. You might feel there is nothing further to be done within the company, and it is time to find a new challenge. Conversely, profits may be so low or so high that you have neither the drive nor the ambition to stay at the helm. If you decide to sell, take time to plan an effective exit strategy to optimize overall gains.

An entrepreneur who reaches the five-year sustenance goal of a business deserves applause. Rather than resting on company laurels, make a careful decision about where to take the company from here. Whether you hold on and grow via the above methods or decide to sell and move on to other endeavors, evaluate the first five years of performance in detail to see what you have learned and how that knowledge might be applied in the future.

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“I loved Internet businesses, having built and sold one. And I loved the financial business, despite the fact that it was almost all a scam.” – James Altucher

One of the most critical elements of transacting in any form online is the need to pay attention to Internet security. his point is illustrated by the latest news releases such as Facebook’s most recent security breach that was discovered on 25 September 2018. In this incident, about 50 million user accounts had their personal data compromised in one form or the other.

Additionally, Google announced that they are shutting down Google Plus because of a security bug that was discovered in the second quarter of 2018. As an aside, the company did not announce the issue when they discovered it as they were concerned about “regulatory scrutiny and reputational damage.”

However, be that as it may, the salient point here is that Internet security breaches occur across all sectors of the online world, including the online trading industry. Consequently, the hype around, and emphasis on, ensuring that you are in a position to protect your personal information, especially social security numbers, identity numbers and banking details cannot be underestimated or ignored.

Answering the question: Should you be concerned about online trading scams?

Personal Internet security across all Internet channels is equally important and should never be underestimated. However, this article’s emphasis is on the online financial trading industry. Thus, further discussions will be limited to this sector even though the basic principles are relevant across all aspects of global Internet usage.

The simple answer to the question of whether you should be concerned about fraudulent online trading brokers is: Yes. For all the reasons as set out in www.jonesmutualscam.com, not only should you be aware that dishonest online brokers are waiting to divest you of your finances, you should also actively investigate all online brokers for their legitimacy before you open a trading account with them.

Ways to find online trading scams

Consequently, the most crucial question that must be asked and answered is how to determine whether an online trading website is owned (and operated) by a fraudulent or legitimate company.

Here is a summary of the most pertinent points to determine whether an online trading company is genuine or fraudulent:

Risk warning (or the lack thereof)

Does the broker’s website prominently display the following risk warning (or a variant thereof)?

“Online CFD Trading has the potential to yield high profits, but it also involves significant risks. For this reason, consumers are advised not to trade funds that they cannot afford to lose. The trading outcome is dependent upon an unpredictable market. It is possible to lose one’s initial investment, and we… recommend that traders devise a money management system… to protect their investments.”

The rationale behind the need for genuine brokers to prominently display this information is that, apart from the fact that it is a legal requirement, it is a reliable indicator that the broker is vested in its traders’ success rather than accruing large sums of money for itself.

On the other hand, a scam broker wants to relieve you of your money by convincing you that trading on its online trading platform is virtually risk-free. Furthermore, the scam broker would like to you believe that it is safe to invest large sums of money at any given moment. However, sight should not be lost of the fact that the opposite is true. And you should only invest money that you can afford to lose.

Thus, it is crucial to stay away from all online financial market brokers that insist that CFD trading is either low-risk or risk-free.

Website UX and UI

An online broker’s website’s usability (UX) and user-interface (UI) are essential parts of a trader’s success and profitability. And a bona fide broker will invest in an easy-to-use, simple to understand website and online trading platform.

Conversely, if the online trading platform, as well as the rest of the site’s navigation, is not intuitive and simple to understand, then it is not worth opening an account with this broker. Moreover, a sloppy, difficult to use website can also be a clear indication of a fraudulent broker.

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Trading is simple and hard at the same time. It could be either one for you. Or you might experience both while you are in this business. But, if you manage to make a good and simple plan for the growth of your business, it will be very easy for you to maintain your trading performance. With time you can improve your performance and quality of your trading. For that, you must have a basic method of trading. It will be the skeleton for your trading process. And all of the fleshes can be modified according to your preferences. Today we are going to talk about a simple method of trading. Hope you will use this technique for designing your trading approach.

Long lasting trades is first

You might be thinking like a normal business while trading in a marketplace. But here, it is actually the opposite. To make profits, you don’t have to trade too much. If you can trade with efficiency for a long time, it will help you to make a good amount of profit. And the amount would be far better than winning multiple trades. This is the secret of the trading business, to be simple and relaxed. Because with that environment, your head remains sharper than being busy with trades. So, it can think properly and use the strategies in your trade’s plan correctly. And when you can execute a trade correctly and you keep it open for a long time, it will make you a lot of money in the end. So, always try the long trades.

Learning from your mistakes

Learning from your mistake is very hard. But the professional Aussie traders always rely on their past trade to make a decent profit from this market. You might be thinking about the digital journal in the CFD trading industry. Being new to this industry it’s very obvious you will get confused with the long-term outcome of this market. But this is just like your traditional business. You can’t make any real progress unless you trade the market with discipline. To be a disciplined trader you must work really hard. But this is not enough to ensure your profit factors. You must develop the unique skills to learn from your mistakes. Fix your existing issues with the extreme level of care and trade the market with logic. Forget about the big winners even though you have access to high leverage accounts.

Using the daily charts

Before executing any trades, you must observe the condition of the market first. For that, you will have to look at those price charts that are changing in real time. It defines the condition of a market in any current situation. Looking at the charts also have some effects on your trading performance. When you use the smaller time frame charts, it will bother you more than using a longer time frame chart. Because the prices will be frequently changing, you will have to look at them more often. You have to keep up with the market to trade. But, being too busy with chart watching, you might get distracted at the right moment you have to trade. So, you must use longer time frame charts for example at least with 1-hour time span.

Focusing on the position

Timing is necessary for your trades. Otherwise, they might not make good profits. Because the market is not obsolete and it is constantly changing. One minute it could be by your side and the other it can be the opposite side of your trades. So, you must trade with accuracy on time. It is not possible for every trader or every time. But, you must try to improve yourself with time. If you have the focus on timing, one day or another it will get right. Just stay relaxed and look for the right moment to pull the trigger.

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In uncertain economic times, having gold on hand is a surefire way to liquidize and protect your assets. Even in a stable economic environment, gold is a safe haven asset that will never fail you. This is because gold’s value increases instead of decreases in direct relation to the decline of value in paper investments, such as stocks and bonds.

To minimize or even eliminate a fall in portfolio value during economic collapse it’s best to invest in uncorrelated investments. What this means is that you want to own assets that will move the opposite way of other investments when economic times become uncertain. Gold is one of the few guaranteed investments that are uncorrelated to many other investments. This makes it a very safe investment that has proven to remain positive when stocks fall.

This means that allocating some of your investment to gold is a sensible and solid choice. However, the buying of gold bullion is not always as straightforward as one would hope. There are plenty of precious metal dealers who will gladly take your money without having your best interests as a customer at heart. To avoid falling for an unscrupulous dealer, you’ll have to do a little research into finding the best dealer so you can purchase gold with confidence.

Online vs. Local

In general, there are two main ways to buy gold: online or locally (in person).

Local precious metal dealers can be found in cities around the world. However, brick and mortar stores will often come with a lot of overhead. This is due to rent, paying employees, security, and more. This added overhead and the fact that local gold dealers often have lower sales volume means that they will often have to charge more for gold bullion to make up for their costs.

On the beneficial side, a local gold dealer will mean that you will be able to physically inspect the bullion and take immediate possession of it when you purchase it.

Local dealers also have more of a reason to care about their reputation in the immediate community they serve, which may translate into higher quality of service when dealing with them.

Also, if you’re only buying small quantities of gold and you’re paying for it with cash, your purchases at a local dealer might not be reported to the tax authority and can stay confidential. If this is something you are considering, make sure you discuss it with your dealer to make sure you stay below the threshold for reporting.

The other option for purchasing gold bullion is through an online dealer. Online dealers typically do more business and will have higher volumes of sale and much lower fixed costs. This means that you can often find good gold bullion at a solid discount online.

Online dealers will have a much more varied range of products in stock and many even offer convenient buy-and-store programs that permit you to purchase the gold bullion and then keep it in an insured and protected location made available by the dealer. This can be very beneficial since storing your own precious metals can be risky.

Some people are nervous buying bullion online, since it is such an expensive product. However, if you are able to find a dealer with a long, solid history and positive reviews, you will most likely be in good hands.

Unfortunately, buying gold online means that you will have to pay for shipping and handling costs (which are not cheap when it comes to materials of this value), and you will have to wait to physically take possession of your gold. Some online gold dealers like Lucius Precious Metals offer free local delivery for orders over a certain price point, which can be something to consider if you’re in the area.

What to consider when buying gold for delivery

If you are purchasing gold online and looking to have it delivered to you, you’ll want to consider a few things.

First, you want a dealer that has a strong and solid reputation and years of reliability. Read customer reviews and check out investment forums to make sure your chosen dealer doesn’t have any shady reports out on them.

You also want to make sure that the dealer sells only gold coins and cold bars from LBMA-approved wholesalers. This is your best guarantee that you will be purchasing authentic coins and bars.

You’ll also want to check out the dealer’s premiums on bullion. This can vary widely throughout the industry and is not a set-in-stone number. Lastly, check out the difference between buying and selling prices on the dealer’s site, which can be as high as 10% or more.

To maximize your long-term profits, you need to work to find a dealer who is reputable and trustworthy and offers low premiums.

What to consider when buying gold for storage

If you’re buying gold for storage, you still want to check out a dealer’s reputation, bid-ask spread, and other factors mentioned above, however there are other factors that come into play when buying gold for storage.

For one, you’ll want to examine the storage facilities where your precious metals will be kept.

Gold bullion should be stored with a reputable, separate entity so as to reduce counterparty risks. Ideally, you’re looking for an LBMA-approved vault provider like Brinks. These types of companies store gold reserves for massive financial institutions and government bodies. This assures that your gold is being stored in a secure environment.

When storing gold, make sure that your dealer offers insurance that will cover the full replacement value of your coins or bars in the event that something were to happen to them. Full replacement means that you will get back the physical equivalent of the gold lost, and not just the cash value—which is based on the spot price of the metal.

You’ll also want to make sure that your gold is fully allocated to you. This means that it is held in your name, you are the outright owner, and the gold can be made available for delivery or sale at any moment. Unallocated gold bullionis shared by investors who own an interest in the bars, which raises all kinds of liquidity issues that we recommend avoiding.

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There are so many great benefits of being self employed. Flexible hours, you can work from wherever you want and there’s no superiors to answer to. You can really fit your work around your life, instead of trying to fit your life around rigid work hours. However there is a downside, self employment work can be unreliable and unlike regular employment you don’t have a set paycheck that lands in your bank each month. Things can be a little up and down, which is why it’s so worth having a number of different options available to you for earning money. If you’re having a slow month, you can always pick up one of the others. Here are some ideas.

Run a Business

For most self employed people, their main focus will be running some kind of business. You could be baking cakes, making clothes, buying and selling things online or something else completely. Either way, this is a great way to make money when you work for yourself. However you could experiences peaks and troughs with your profits throughout the year, and if you’re having a quiet few weeks or months, you could earn extra money with the following methods.

Start a Blog

It takes time to build a blog, but if you start one up and publish regular content (even once a week) it will grow. Later down the line, your blog can be a real cash cow- sponsors generally pay well to have their content or links posted on your site and so it can be a quick and easy way to earn some extra money. Plus you can link your blog to your main business, and use it as a promotional tool as well. Blogging brings with it all kinds of opportunities, and so it’s well worth setting one up, even if it’s not your main source of income.

Freelance

It’s always worth signing up to a freelance site, that way if your business or blog is slow you can pick up some extra work. There’s almost always work available, and you can work on it any time you’re free to boost your bank balance. Whether you’re a writer, app or website designer, illustrator or something else completely, your skills will be needed online and freelancing gives you the ability to earn cash from home in a legitimate way.

Stocks and Trading

If you’re interested in finances then chances are you’ve took a keep interest in crypto currency over the last few months. While Bitcoin is still the one you hear most about, there are lots of others that can give you opportunity to earn well. Look at these Ethereum facts for example. While there’s always an element of risk when it comes to investing, as long as you’re smart about it it can be a good way to secure yourself some extra cash.

Don’t risk a slow financial month leaving you in the lurch. When you have bills to pay and other expenses to cover, when you’re self employed it pays to have your fingers in many pies. That way, you can always make up the necessary amount each month in your bank.

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