Categories
Business

Starting A Business: Guide For Beginners

Setting up a new business and that too for the first time is a huge responsibility. There goes a lot of hard work into setting up a business. Not just that but you also need to determine the things you want to incorporate your business.

The story of the company set up in Singapore or any other country is almost the same. In this post, we will discuss the important steps to set up a new business.

Here is what you have to do:

  1. Do your research

You already have a business idea in your head that you would like to proceed with. But before that, you need to find out whether it will succeed or not. This is where the need for market research helps answer all your questions. Before proceeding any further, you should research the niche to be certain about it.

  1. Prepare a plan

To set up a business, you need a concrete plan. Without proper planning, you cannot move in the right direction. You need to have a clear picture in your mind of the things that you have to accomplish to reach your goal.

  1. Get your finances ready

Your business is dependent on the finances available. Before you think of setting up a business make sure that you have arranged for the capital. If it’s a small business, you can build it using your money. If not, then you can take a loan from banks and financial institutes.

  1. Registering your business

Once you setup your business, you need to get it registered. Unless it is registered under the law, you cannot start operating it. At this point, you need to select a name for your company and get it registered. You will have to deal with a lot of paperwork at this stage, so make sure you are prepared for it.

  1. Get your license and permits

This is one of the most crucial steps in setting up a business. To start operating your business, you need to first acquire your business permit and license. The rules to apply for a business license may vary depending on the type of business you are running. So you will have to do a bit of research before applying for your license and permits.

  1. Get your team ready

Once everything is sorted, you need to prepare a team of people to work for you. In simple words, you need to hire employees based on the size of your business. The future and success of your business largely depend on your employees. This is why you will have to make sure that you are hiring the right person.

  1. Promoting your business

To gain recognition in the market, you need to start promoting your business vigorously. From online to offline, you should cater to all types of marketing mediums in your initial days. Since you are new in the market, you have to let people know about your existence.

These are the major steps involved in setting up a small business. The steps may sound easy to follow but it’s not. There can be a lot of complications and challenges in between that you will have to overcome.

Categories
Market & Stocks

Things You Need to Remember When Venturing Currency Trading

Forex trading is beneficial that you can explore though it might possess some risks for you. Before you decide to apply on becoming one, you need to do some research to know the market. A person can also take a forex trading course from professional to guide you throughout your trip to the Forex market.

Advantages of Becoming a Forex Investor

There are many explanations why venturing Forex market may be advantageous for you. The marketplace is flexible, and there are numerous trading options. This only has small deal charge and leverage is accessible. You could have an unrestricted demo account where you can practice and be acquainted with how the market works. There are also a lot of academic resources that are available so that you can learn in case you are merely a new one.

Do’s and Don’ts in Forex Trading

There are always some do’s and don’ts that you will encounter and hear when you are planning to do something which might be risky. You need to be aware of everything that might happen when you do the right as well as the wrong move.

Here are some do’s and don’ts when you decide to become a Forex investor:

Practice

Do: Practice on a simulator or demo account before you risk actual money. This will be the basis if Forex trading is really your thing or not.

Don’t: Never ever let your thoughts opt for you might make a mistake. Every transaction you do should be based on research, analysis, and thought.

Patience

  • Do: Learn the problematic stuff in Forex trading by viewing lots of video footage from the news. You might see that traders are shouting at the other and stuff like slamming down phones. Success in this market will include considerable research and study to interpret things also to understand the market.
  • Don’t: Never anxiety and expect instant results. This will be a long game and does not lead to instant success. If you are a type to be impulsive then this is simply not the right market for you.

You will really gain and lose money in the process in case this is actually for you, and simple things will not make the decision. If you lose, then you need to research and modify your strategy. Do the same task when you are gaining for Forex market is changing fast.

When the companies and platforms are usually coming into the image, then there will end up being the understanding of the forex trading because they keep the demo session for users. Many platforms are trying to create this a process which usually they want them in order to attract the phrases associated with the company. Nowadays, the particular forex is getting well-known because it is being seen that will they are trying their specific best to attract absolutely free themes. For the customers, this particular is attractive as this helps them work for their own benefit as these people can learn different procedures of working on their own tricks of the trade.

Categories
Market & Stocks

Profit from the price of oil with Badash investments

You will have read in the past few days that the price of WTI oil for May 2020 delivery has dropped to levels never seen before and at one short brief period even dropped below zero to become negative. At the moment of writing, even June deliveries are collapsing. The stock market, which had been on an upward trajectory since the mid March crash due to the Coronavirus lockdowns both in the EU and the US, have been pulled down together with oil.

Once again, panic could set into the markets and only the best traders will be able to profit. Badash Investments is looking forward to the next few weeks as it brings opportunity and will show who knows how to read market sentiment.

These wild price swings, both in stocks, cryptocurrencies, and commodities have been the earmark of worldwide markets and economies during the COVID-19 pandemic. Analysts are already asking whether the recession will be V, U or even L-shaped. The forces fueling the oil bust are stinging investors anew and making traders worried as they watch the evening news.

Although most onlookers see this as a risky period and are not willing to trade in this market, we at Badash Investments welcome this time in order to profit thanks to our proven investment course and candlesticks training methods.

Project determines position

Thanks to our investment models, our team at Badash investments was very well positioned to profit from the pending drop in oil prices.

Because of the disappearing need for oil and storage worldwide filling up, it became clear that the price of WTI oil was about to drop significantly. Our model, as shown in our Badash investments course, positioned us for the best possible time to start shorting the oil market. We even sold and retook position at various intervals in order to maximize profit.

History of candlesticks

Our Badash investments course will explain to you what the Japanese rice traders learned when they started marking the price differences for rice in the form of candles. Thanks to hundreds of years of experience, they identified various signals in the market and learned how to profit from it.

Badash investments course will explain to you how to read candlesticks, why they are such a good indicator of market sentiment and how you can profit from knowing when the market signals that a change is about to happen.

Candlesticks trading depictions are simply the graphic depiction of fear and greed. As soon as you know when traders are in fear mode and when they are turning to greed mode, you can (and should) profit from it. We will teach you that a simple candlesticks graph and analysis is all you need to earn money in these markets.

Oil investments

The Badash oil investments group is already projecting what oil will do over the course of the next few days, weeks and months and we are ready to teach you how to profit thanks to our investments course. If you want to know what their models are telling them, learn more in our website https://badashinvestmnts.com/.

Categories
Business

8 Billion Rubles Hotel Fraud in Russia – Dmitry Romantsov (Romantsoff) & Nikita Kolesnikov

The main unfinished construction project in Cheboksary, Russia, the Suvar Hotel, may have been used to transfer incoming investments to offshore accounts and money laundering. Dmitry Romantsov (Romantsoff) fled to US. 

For several years now, Cheboksary, Russia residents and visitors to the capital of the Chuvash Republic have considered one of the most beautiful and historic parts of the city and argued amongst themselves: would the issue of the region’s first five-star, international-class hotel ever be settled? 

The arguments go on, and time goes on, but the situation does not change. And after existing for nigh on ten years, this project, which once promised so much, has become nothing more than an abandoned construction site, a thorn in Cheboksary’s side, a blight on its image. 

We decided to get to the bottom of the situation. We must say that the results of this investigative journalism have turned out to be shocking, as the massive structure of iron and concrete rising over the banks of the Gulf have been revealed to be nothing more than one small link in the republic’s biggest fraudulent scheme. But everything in its time. 

According to the Ministry of Economic Development, the Suvar Hotel project originally belonged to a large Moscow group of companies called SAVVA headed by Dmitry Romantsov (Romantsoff) and Nikita Kolesnikov, which has now been disbanded. That organization included several subsidiary companies in the construction industry: the joint-stock companies Volzhskaya Construction Group (known as VolgaStroiGroup or VSG) and VolgaStroiMontazh, as well as the limited liability companies Saret, Suvar-Hotel, VolgaStroiDevelopment, Industrial-Construction Complex (ICC), and more. 

The history of the Suvar Hotel began in 2005, when the Cheboksary city administration allocated a plot of land in the city center to a limited liability company called StroiInvestDevelopment to build a multi-functional complex called Business Center. 

City Hall made the decision based on statements made by that LLC’s director, Alexander Kasyanov, who was later sentenced to 2.5 years in a prison for tax evasion. 

In 2006, the lease agreement with StroiInvestDevelopment was dissolved and the land was transferred to Suvar Hotel LLC for the same purpose: building the Business Center. The idea to erect a sports and health complex along with the Suvar Hotel on the bank of the Gulf arose in April 2007. 

In July 2008, the MDM Bank branch in Yoshkar-Ola and VolgaStroiGroup signed an agreement to open a credit line for the company worth 700 million rubles for a term of six years. Reports indicated that the funds were allocated “to finance the construction of the Suvar hotel and sports complex,” the first 5-star hotel in the republic. The hotel launch date was announced as spring 2009. 

According to builders, at present the project is 75% ready. The construction of the Suvar Hotel, the first 5-star hotel in Russia outside of Moscow and St. Petersburg, began in 2006. The investor and the company placing the order was VolgaStroiGroup (the Chuvash Republic is part of the SAVVA group, Moscow). The project’s cost totals $40 million. MDM Bank was a financial partner, news agencies confirmed. 

“World class. It’s impressive. I didn’t expect it all to be so interesting,” said Nikolai Fyodorov, quoted by REGNUM News Agency after visiting a hastily arranged spectacle by Dmitry Romantsov (Romantsoff) that reproduced what they said was a fully decorated and furnished hotel room. “It’s sort of a shining example and gives you an impression of how the classic rooms in a five-star hotel will look,” said the president. 

The head of the republic was impressed most of all by the fact that even the standard rooms have luxurious views of the Cheboksary Gulf, and not only from the window, but from the bathroom, too. 

“I’ve never seen anything like it anywhere. A unique solution,” Fyodorov admitted at the time, emphasizing that the complex was being built to be world-class, as the REGNUM News Agency wrote. 

What’s more, at the same meeting, a decision was made to build an underground pedestrian crossing with commercial and exhibition space under Moscow Prospekt leading from the hotel to the opera and ballet theater. Instructions were also formulated for the Chuvash Republic’s responsible ministries and agencies for landscaping in the areas around the hotel; for moving a Lukoil gas station; and for building road interchanges near the Suvar. 

The Suvar Hotel is a 5-star hotel with 130 rooms. The hotel includes a multi-functional meeting space, business center, restaurants and bars, a nightclub, movie theater, wellness center, pool, ice rink, helicopter landing pad and underground parking. 

The question naturally arises of why, then, construction was frozen, despite the project’s truly promising future. There is still no answer today. 

But there is speculation that the Suvar Hotel was just one link in a long chain of financial operations carried out as part of a single scheme: aggressive PR for a particular investment project; broad, all-encompassing support from the regional government authorities; and drawing large sums of borrowed money (bank loans and shareholder funds) into the project. 

“The purpose of the scam is ridiculously banal: moving financial assets abroad and, later, bankruptcy for the firms participating in the projects. Such was the eventual fate of all the companies Dmitry Romantsov (Romantsoff) company SAVVA created in the Chuvash Republic: Volzhskaya Textile Company (VTC) filed bankruptcy papers for Cheboksary Cotton Fabric Complex and Cheboksary Knits Factory, and VolgaStroiGroup (VSG) did the same for Novocheboksarsk Building Complex, the comprehensive construction project called Novy Gorod, and the shared-equity construction projects Finskaya Dolina and Volzhsky Platinum,” says an expert from the Chuvash Republic’s Ministry of Economic Development. 

Now for the main topic: the scheme to expatriate assets invested. This is how it was done. For example (organization names have been changed. —Ed.), Volga LLC issues a loan, conditionally, for a million dollars to its employee, some physical individual. Then Volga surrenders the right to collect that loan to VolgaDomStroi, and it, in turn, transfers that right to Super-Hotel LLC, and Super-Hotel LLC transfers it to some legal entity, say, Baran Budweisers Ltd., registered in the Virgin Islands. 

“In the end, the money loaned accumulates in offshore accounts, and the employee borrower receives an acknowledgment signed by the director of Baran Budweisers, let’s call him Mr. Maseress, to the effect that that employee has fully paid off the debt and that Baran Budweisers Ltd. has no further claims against him,” says the Ministry of Economic Development. 

In total, according to the Chuvash Republic’s Ministry of Economic Development, the Dmitry Romantsov (Romantsoff) SAVVA group of companies withdrew over 8 billion rubles from the republic’s economy. Tax debts owed at all levels total 300 million. 

Managers from the middle link in the chain were prosecuted, but the big fish got away with it. SAVVA vice president Dmitry Romantsov is on the Interpol international most- 

wanted list today, and an opposition deputy in the Russian State Duma intervened on behalf of SAVVA president Nikita Kolesnikov. 

It should also be mentioned that in July of this year, the Commercial Court of the Chuvash Republic upheld a lawsuit by Yury Paramonov, the bankruptcy manager of Volzhskaya Textile Company, and required Savva Group president Nikita Kolesnikov, former management company head Dmitry Romantsov (Romantsoff), Board of Directors member Dmitry Port, and the former general directors of Volzhskaya Textile Company to pay 3.2 billion rubles, according to the RAPSI agency. 

According to Paramonov, the companies’ top managers performed a series of transactions that “led to a significant drop in the value of the debtor’s property in light of their significant unprofitability.” In August 2010, Volzhskaya Textile Company was declared insolvent. Its debt to creditors was estimated at 4.2 billion rubles. 

The former directors of Volzhskaya Textile Company and the Savva Group management company disagreed with the court’s decision and filed an appeal. 

Source: https://m.pg21.ru/news/15673 

Categories
Finance

E-Wallet – Easy To Use and Just a Click Away

E-wallet is identified as an online money account that can make several kinds of transactions minus the requirement for a physical card. It is similar to a debit card as it can be operated via pre-loaded money. With the help of e-wallets, people can make commercial transactions, and this is a system that permits people to make purchases utilizing near-field communication technologies. The remarkable thing about e-wallets is it has been successful in revolutionizing the market habits, and with it, transactions are turning more and more digital because of their pace and ease of operation.

The usage of Skrill for gambling

When the matter zeroes on online gambling, then Skrill is considered one of the highly used methods of payment, and it is doing the rounds for a long time. When people use it to deposit as well as withdraw from a gambling site, then there aren’t any fees which are carried on to a customer as it is entirely free when both accounts do operate in only one currency.

Kinds of e-wallets

Different kinds of e-wallets are:

  • Closed system payment instrument – This is commonly issued by a business establishment for usage at its respective establishment, and these instruments don’t permit redemption of cash withdrawal.
  • Semi-closed system payment instrument – This is a payment instrument that is redeemable at a group comprising clearly recognized establishment, or merchant location, and these instruments don’t allow a holder to withdraw cash.
  • Semi-open system payment instrument – This is a payment instrument that can be utilized for the purchasing of goods and services, and these instruments don’t allow redemption or cash withdrawal by the holders.
  • Open system payment instrument – You can use this instrument to buy goods and services, and it also allows cash withdrawals.

The method of functionality

An e-wallet comprises an information and software component. As the name suggests, the information component is a database meant for user-input info and comprises details, like billing address, shipping address, opted payment processes, etc. Again, the software component does provide encryption as well as security for both the transaction conducted and information preserved in the wallet. This process commonly tends to be fully compatible and self-maintained with the majority of the e-commerce sites and lessens the non-stop requirement of physical wallets.

Additionally, it also allows an e-commerce website to possess a modest idea regarding the customer, thus, benefitting the seller and the purchaser. A server-side digital wallet is dissimilar to anything which is popularly known, and it is formed for the users by an organization. Commonly, it is well-known for having added, efficient, and secured functionalities.

The withdrawal method

A person has different choices when the matter comes to withdrawing money from Skrill’s balance. When a person manages to reach a higher level of VIP, then he will become capable of lessening the fees for numerous options that are proposed, and some of the choices that are obtainable to withdraw money are VISA, Swift, and Bank Transfer.

Conclusion

With the use of e-wallets, people can make digital payments secure and easy much to their benefits. So, it can be concluded that the above-mentioned information has turned hugely helpful to understand payments made through e-wallets.

Categories
Finance

Can you pawn broken jewellery?

Things break all the time and fixing them could be too expensive or too much of a hassle. That’s because most things aren’t made to last forever. Your TV or your Tablet can break, so can your watch and your precious gold jewellery. Under normal circumstances when something gets broken beyond repair you simply chuck it in the bin because the item will have no value once it is broken, however, some things don’t lose their value but items like gold and silver jewellery retain their value even when they are damaged beyond repair.

We know that pawnshops buy anything of value and that they are particularly fond of gold jewellery but do pawnbrokers accept broken gold jewellery? A piece of jewellery remains valuable because of the gold content it contains. Some pawnbrokers are interested in the gold content and not jewelry for being in pristine condition.  This is because to a Brisbane pawnshop a broken piece of gold jewellery is just as valuable as an intact item.

Can you get a good price for broken gold jewellery?

If pawnshops accept broken jewellery, would they pay less for it because it is broken? The short answer is, no. Jewellery without diamonds or gemstones will be valued the same way as jewellery without whether they are broken or not.

Gold jewellery with diamonds is different. Gold rings, bracelets or earrings with diamonds might have a high resell value. The pawnbroker will pay more for diamond jewellery that he or she intends to sell because of the precious jewels. In the case of broken diamond jewellery, the pawnbroker will remove the diamonds and sell them separately and sell the gold as scrap. Pawnbrokers aren’t really scrap gold buyers and scrapping diamond jewellery will return less money than jewellery that ends up I a pawnshop’s jewellery case.

Pawnbrokers have no real reason to turn away your gold jewellery whether it is broken, monogrammed old or has any other issue.

How do pawnshops appraise broken gold jewellery?

The process of appraising broken jewellery is the same as appraising jewellery that is still intact. the pawnbroker will first determine what karat your gold item is. The item will then be weighed. The pawnbroker will then assess the diamonds then give the customer a price for it. It’s that simple.

You can then decide whether you want to pawn or to sell the gold jewellery at the price you’ve quoted.

Bottom line

Some things may not be made to last but this does not mean the first response you should have when it comes to valuable items like gold is to throw it out. You could be throwing money out if you do so. The best thing is to look for a gold buyer or Brisbane pawnshop that buys old and broken jewellery. Most of the time you can get a good price for your old and broken jewellery at a pawnshop. This is the right time to rummage through your old jewellery and those pieces you had stashed in some dark and dank place because you did not think you would ever have any use for them.