10 Experts Give Their Money-Saving Tips for Recession Proofing Your Business

In today's ever-changing economic landscape, protecting your business from the uncertainties of a recession is crucial.

We've gathered insights from ten experienced business leaders who have not only survived but thrived during challenging economic times.

In this article, you'll discover practical money-saving tips that can help you strengthen your business and ensure its resilience in any economic climate.

Whether you're a seasoned entrepreneur or just starting, these strategies, born from years of experience, will provide valuable guidance to safeguard your business and position it for success.

10 Experts Give Their Money-Saving Tips for Recession Proofing Your Business: eAskme

If you're eager to recession-proof your business, read on as these industry experts share their proven tactics.

1. Review Software Subscriptions and Consider Open-Source:

In an age where technology plays a pivotal role in business operations, Phil Norton, Founder of Leave Dates, a staff holiday tracker for small businesses, emphasizes the importance of scrutinizing software subscriptions to reduce unnecessary costs.

He wisely suggests, "Reviewing your software subscriptions can be a quick way to reduce costs. Work out what functionalities you need, and whether you're currently paying for things you don't need." Phil's insight highlights the need to assess whether you are getting value for money from your software tools.

Businesses often find themselves with comprehensive software packages with features they seldom use. By thoroughly evaluating your software needs, you can downsize to more cost-effective solutions that align with your essential functionalities. As Phil Norton puts it, "Why pay for more?"

James Jason, Co-founder and CEO of Notta AI goes a step further: "one of the most effective ways we have been able to do this is by utilising open-source software instead of proprietary solutions.

Open-source software is free to use and can be modified to fit our specific needs."

James's advice underscores the potential cost savings that open-source software can bring to your business.

Consider leveraging free and customizable open-source alternatives instead of investing in expensive software licenses. This approach allows you to tailor software to your precise requirements without compromising quality or functionality.

2. Flexible Scheduling to Reduce Overtime Costs:

James Jason further shares another valuable tip on cost savings within the workplace. He mentions, "Another way we have saved money is by implementing flexible scheduling to reduce overtime costs. Our employees are free to choose their schedules, which allows us to reduce overtime costs."

This approach reduces the financial burden of overtime pay and enhances employee satisfaction and productivity.

Employees who have control over their schedules are often more engaged and efficient, contributing positively to the business's overall performance.

Another option could be to offer time off in lieu to staff for overtime work rather than extra pay.

3. Rent Equipment Instead of Purchasing:

Michael Chen, Chief Product Director at Airgram, advocates renting equipment as a savvy money-saving strategy.

He explains, "Renting equipment instead of purchasing is another way we have saved money. Instead of buying expensive equipment that we may only need occasionally, we rent equipment as needed."

Renting equipment offers financial flexibility, especially for tools that are not in constant use. It eliminates the upfront costs of purchasing and the long-term maintenance expenses associated with ownership.

Additionally, it enables businesses to access the latest technology without the capital investment of purchasing new equipment.

4. Promote Remote Work:

Michael Chen highlights its cost-saving potential in a world increasingly embracing remote work.

He notes, "We have encouraged telecommuting and remote work to save money. Our team can work from home or a remote location, which has helped us to reduce our overhead costs."

Remote work reduces office space, utilities, and office supplies expenses. It also allows businesses to tap into a wider talent pool, potentially reducing labor costs while maintaining or even enhancing productivity. Embracing remote work can be a win-win solution for both employers and employees.

5. Reduce Paper Usage and Embrace Automation:

Johell Aponte, Founder & CEO of Move On House Buyers, offers multifaceted money-saving strategies.

He suggests, "Reducing the use of paper in the workplace can save money on printing, storage, and shipping costs. This can include going paperless whenever possible, such as sending emails instead of printing memos or using digital tools to take notes."

Johell's advice emphasizes the importance of digitization and automation in modern business operations. Reducing paper usage reduces costs, streamlines workflows, enhances efficiency, and is better for the environment. Embracing technology-driven solutions can lead to significant long-term savings.

Eric Jones, CEO of Couture Candy, also encourages reducing paper-related costs. He suggests, "Many companies still rely heavily on paper for documentation, which can be expensive in printing, storage, and shipping costs. Switching to digital documentation can save significant money in the long run."

Eric's advice resonates with the digital age, where information is readily accessible at our fingertips. By transitioning to digital documentation, businesses can reduce their reliance on physical paperwork, saving on printing and storage expenses while increasing accessibility and efficiency.

6. Embrace Energy-Saving Measures:

Dale Shadbegian, CEO of Cape & Plymouth Marketing, underscores the importance of energy-saving initiatives in reducing operational expenses.

He advises, "Implementing energy-saving measures such as turning off lights and equipment when not in use, using energy-efficient light bulbs, and using natural light can help save money on utility bills."

Dale's recommendation extends beyond cost savings. It aligns with the growing global focus on sustainability. Energy-efficient practices reduce expenses and contribute to a business's environmental responsibility, which can be an essential aspect of your brand image.

Jennifer Spinelli, Founder & CEO of Watson Buys, also emphasizes the importance of energy conservation within the workplace.

She recommends, "Strictly enforce policies related to energy usage such as turning off lights and equipment when not in use. This will help reduce electricity bills and reinforce an eco-friendly attitude in the office."

7. Outsource Non-Core Functions:

Eric Jones also highlights the benefits of outsourcing non-core functions to specialized service providers.

He notes, "Outsourcing non-core functions such as accounting, payroll, and IT can help save money and free up resources for core functions. This can be especially beneficial for small businesses that cannot afford to have in-house teams for every function."

Outsourcing allows businesses to tap into expertise without the overhead costs of maintaining in-house departments. It enables businesses to focus on their core competencies while entrusting specialized tasks to professionals, optimizing efficiency and cost-effectiveness.

8. Negotiate with Vendors:

Eric Jones recommends adopting a proactive approach to vendor relationships.

He suggests, "Negotiating with vendors for better pricing and payment terms can help save money. Companies can also explore alternate vendors and compare prices for the best deal."

Effective vendor management involves continuous evaluation and negotiation. By seeking favorable terms and exploring multiple vendor options, businesses can reduce procurement costs while maintaining the quality of products and services.

9. Reduce Office Space:

With the changing work landscape, Eric Jones suggests reevaluating office space requirements.

He advises, "With remote work becoming more common, reducing office space can save money on rent, utilities, and office supplies. Companies can also consider coworking spaces or shared office spaces as a more cost-effective option."

Reducing office space is not only a cost-saving measure but also aligns with the evolving work preferences of employees. It offers flexibility and significantly reduces overhead expenses while providing a dynamic and adaptable work environment.

10 Utilize Cloud Computing:

Eric Jones also underscores the benefits of cloud computing for cost-conscious businesses. He explains, "Cloud computing can significantly reduce the costs associated with buying, setting up, and maintaining expensive IT hardware and software for employees."

Cloud computing offers scalability, flexibility, and cost-effectiveness. It eliminates the need for extensive in-house IT infrastructure and provides access to cutting-edge software and services on a pay-as-you-go basis, reducing upfront capital expenditures.

11. Streamline Processes and Procedures:

Andrew Pickett, a Trial Attorney at Andrew Pickett Law, advocates for streamlining processes and procedures within your organization.

He advises, "Looking at existing systems and identifying areas that can be improved upon or are redundant can yield great cost-saving results without sacrificing quality."

Andrew's recommendation highlights the importance of continuous improvement and operational efficiency.

Businesses can optimize their processes, reduce costs, and enhance overall quality by identifying and eliminating redundancies and inefficiencies.

Conclusion:

In times of economic uncertainty, the wisdom of experienced business leaders can serve as a guiding light.

The insights these ten experts share offer diverse strategies to save money and recession-proof your business.

There are numerous avenues to explore, from software optimization and remote work to energy conservation and vendor negotiation.

Whether you're a small startup or a well-established corporation, the principles of cost-consciousness and efficiency apply universally.

By implementing these money-saving tips and adopting a proactive approach to financial management, you can navigate the challenges of a recession with resilience and confidence.

As you embark on your journey to recession-proof your business, remember the words of these industry luminaries.

Their collective wisdom provides a valuable roadmap to financial stability and long-term success.

So, take these insights to heart, adapt them to your specific circumstances, and chart a course toward a prosperous future for your business.

Still have any question, do share via comments.

Share this post with your friends and family.

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Author:

Phil Norton:

Phil is the co-founder of Leave Dates, the employee annual leave planner. He loves problem-solving and making life easier for small businesses. If you book a Leave Dates demo, he will give you a warm welcome and show you everything that you need to know.

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Ways to Boost Your Retirement Savings in the New Year

Are you feeling unsure and insecure as regards your retirement savings? If yes, then you're not alone.

Based on a research study carried out by the National Institute on Retirement Security, more than half of the respondents (56%) claimed to be concerned about their retirement savings.

Ways to Boost Your Retirement Savings in the New Year: eAskme

If you've not been able to meet up with your retirement savings, then 2022 is an ideal time to buckle up. It's time to achieve your retirement plans.

We've come up with some tips to help you get back on track and hit that saving goal of yours.

No doubt, these tips will enable you to to to transform your retirement saving plans into reality.

1. Save Enough Money in Your 401(k) Before The End of 2024:

You don't have to wait till the new year before you start taking action in the right direction.

With the little time left in 2021, there's still a chance to boost your retirement savings and earn a decent tax return come 2022.

Your yearly taxable income gets lowered significantly by making enough contributions to your 401(k) before Dec. 31.

And by reducing your taxable income, you save money during the tax period or better still get an increase in your returns.

The highest amount you can accumulate in your 401(k) is $19,500. But if you are 50 years and above, you can save up to $26,000 before the year runs out.

2. Open an IRA in the Absence of a 401(k):

You have nothing to worry about if you don't have a 401(k). However, if that's your situation, the best way to do it is to open an IRA with a Robo-Advisor.

Robo-advisors are online corporations that use advanced software and computer algorithms to create and manage investment portfolios.

The best of Robo-advisors allows you to open a tax-advantaged IRA (individual retirement accounts) at the comfort of your home.

Corporations like Betterment and Wealthfront give their clients a choice to open either a Roth or a traditional IRA when creating an account.

The accounts allow for a maximum contribution of $6,000 and $7000 for individuals 50 years and above.

Both the traditional and Roth IRAs further come with delightful tax bonuses. However, when and how you earn a tax break is distinct.

3. Self-Employed Individuals and Gig Workers: Consider One of These Accounts:

If you're self-employed or a gig worker, having a discussion about retirement might make you giggle.

However, you should plan for your retirement or "old age" because you won't be as strong as you are now in the future.

To kick off your retirement savings plan, you don't have the choice of using a regular 401(k).

But, there are five other distinct retirement accounts you can use.

These accounts are ideal for contractors, self-employed individuals, and business owners.

They include;

• Solo 401(k)Simple IRA
• SEP IRA
• Traditional IRA
• Roth IRA

The solo 401(k) account is particularly designed for business owners with no workers or employees.

The account allows business owners to operate as both employees and employers and contribute to both responsibilities.

4. Use a good percentage of Your 2024 Tax Return to Buy I Bonds:

Inflation got the best of 2023, and we might continue to ride the wave at least in the early part of 2024.

Undoubtedly, many investors stay away from investing in bonds as inflation goes on the rise.

However, certain bonds such as the Series I bonds provide interest rates pegged to current inflation.

This implies that the interest rate increases as inflation rises.

As of November 2021, the interest rate of I bonds was set at an eye-popping rate of 7.22% until April of 2022. So you should take advantage and Buy some I bonds before the interest rate is reviewed next year in May.

By investing in I Bonds, you create a zero-risk place to accumulate your money while also earning a bigger return than a savings account or CDs.

To purchase I bonds, you can always buy online through the website of the U.S.

Treasury Direct. Better still, you can request that part of your tax refund be in the paper I bonds.

Conclusion:

Now is the time to start improving on your retirement savings.

Certainly, it might come off intimidating, especially if you're kicking off.

But the only strategy to defeating the uncertainties and fear is to get started and gradually keep moving.

This year, stop with the excuses and stay consistent with your retirement savings plan.

This will help you have enough to fall back to at old age

Still have any question, do share via comments.

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5 Smart Tips for Moving on a Budget

Moving on a small or tight budget is a challenge. But there are a few things that you should do to overcome this challenge. Moving on a budget is not as difficult as many people think of. There are certain things that a family need to take care of before planning to move from one place to another.

Moving is a tedious process.

You have to pack everything, take care of things that are important for you, make sure you or the moving service will not break anything, and reach the destination at the pre-decided time.

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When moving from one place to another, every person have thing question in mind, Can I move on a tight budget?

The answer is yes, and no. And, here I am offering you yes sided solution with these smart tips for moving on a budget.

Smart Tips for Moving on a Budget

Estimation:

Moving cost estimation is one of the few most important things that you should do before packing your good.

First, go online and do some research to get an idea of the moving cost. You should keep in mind that these estimations are not fixed but still give you a fair idea about the moving cost in your area.

After getting three or more estimations, it is the time to find out which service is going to customize their package according to your need.

Only look for the best and affordable moving deals.

Now, get the on-site estimation visit to get the final cost of moving service.

This will help you to set the moving budget.

Compare Estimations:

Comparing the moving estimation is essential. After getting three or more estimation, you should compare their price and benefits. Get estimations from Sarasota moving services.

Make sure that you clearly understand everything that moving services are offering and what you need.

Here one thing you should remember is that the best moving service may not necessarily be the cheapest one.

Compare the benefits and only choose the moving service, which offers the required benefits at the best cost.

Be extra cautious with the moving service, which is offering the lowest price and most excellent premium services.

DIY:

DIY always help you save some money. When moving your house, there are things which are highly precious or close to your heart.

You cannot trust anyone else to take care of these things when moving as much as you can.

You should pack and shift all the essential documents, jewellery and precious metals on your own. This will also help you save some good money.

If possible, you should shift everything that you can to reduce the cost of moving service.

Plan Your Moving Date:

May to September are the months when most of the people relocate. These months are hectic for moving service. Most of the best or popular moving services are packed with projects at that time.

This is the reason why most of the moving service will charge you high for moving your goods.

If possible, you should plan to move in the rest of the months. You can also make the advance reservation of your moving date in off-peak season.

This trick will help you save some good money or bargain with the moving service.

Take What is Necessary:

If you are relocating every year, then it is always recommended that you do not collect unnecessary stuff as it will only add more dollars to your moving bill.

For people who are living in rented accommodation or house on rent, they must keep things which are necessary to make them live comfortably.

Sell all the unimportant or useless goods in the garage sale.

This will reduce unnecessary load and save you good money.

Final Words:

Relocation is not smooth. But is your plan according to these tips then you can comfortably move on a budget.

Saving money is not a crime and wasting money is a monetary sin.

If you have question or suggestion, feel free to drop in comments. 

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Why?

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How to Trade Bitcoin Employing Successful Strategies?

Trading Bitcoin is an art that one needs to master to be successful. It is not simply about getting in front of a computer screen and putting your money into a random crypto asset at any time.

There is a proper methodology involved here that takes into account the price points where you will enter a trade and exit a trade, minimizing the chances of losses.

How to Trade Bitcoin Employing Successful Strategies: eAskme

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Before you start full-fledged trading of Bitcoins it may be wise to invest in an ICO or initial coin offering.

This will help you buy crypto tokens at much lower prices before these are made available to general people; so, the potential to get big profits is high. But researching on the crypto coins is a must before you invest.

You need to check out the latest ICOs and read reviews about these.

It is necessary to find out utility behind these coins and whether they have a good supply and demand.

You should also inquire about the developers behind the project.

The idea is to buy many ICOs and not put all your money into just one.

Here are some key trading strategies that may make you a successful Bitcoin trader:

HODLing:

One of the best known trading strategies is HODLing that means holding onto your coins for as long as possible to get impressive returns.

The term “hodling” was coined first in 2013 when a user had incorrectly typed holding as ‘hodling”.

This means holding onto a position for the long-term expecting prices to increase over time.

You must however understand that, Bitcoin being volatile, the chances of losses are huge too.

This is why you should have a risk-management strategy to fall back on.

Hedging:

Hedging your Bitcoins is another effective trading strategy that can prove to be successful.

Those holding Bitcoins may try to hedge these if they think that prices may come down for a while.

So, they open strategic trades in order to eliminate risks of existing positions.

The idea is to short-sell Bitcoins; so, you sell your Bitcoins at the current price hoping that it will come down.

When the prices do come down finally, you can buy these back at low prices and make profits in the process.

Hedging is not free from risks because when you sell Bitcoins, there is no knowing how much the market can move against you; so, you may actually end up making unprecedented losses.

Trend Trading:

Trend trading your Bitcoins is another useful and successful Bitcoin trading strategy.

In this, you hold onto the coins for as long as a trend continues and this could go on for months or even years.

To do trend trading you must use technical analysis to correctly predict which way the market will move.

When you practice trend trading, you open a position at that time when you think that the prices will keep moving in its current direction.

Learn how the bitcoin automated trading is carried out by trading bots such as bitcoin era.

Breakout Strategy:

Breakout strategy is commonly applied by Bitcoin traders who enter the market as soon as possible when a trend sets in and are prepared for the prices to “break out” from the earlier range.

They think that when the market breaks through a resistance or support level it will trigger major volatility.

So, traders use this strategy to ride a trend from beginning till end.

The Best Strategy:

The dollar cost averaging tactic is not something that you need to spend a lot of time researching on.

This is when you buy a fixed amount of a token at regular intervals during which prices are moving up or down.

So, you average all purchases during those set intervals and this can be brought down to one average price that is typically higher or lower than if you had to buy at one go during a single interval.

This strategy however demands that you follow the trade charts diligently to do a proper technical analysis.

You must check out 3 months of trade history to see if the token has recovered before this on multiple occasions.

So, it is best to use this strategy when you are dealing with crypto coins that have been around for a long time like BTC, LTC, and ETH.

You do not want to get stuck with crypto coins that have no history of recovery in previous years.

Balanced Portfolio Strategy:

A balanced portfolio strategy is right for someone who is cautious and desires balance in his life.

In this, you can buy multiple crypto tokens for the exact same price throughout the market.

So, you can invest the same amount in Litecoin, Bitcoin and Monero to spread out your risks.

It is also a good way to test the coins because you may not be confident which ones will perform well and which will not.

After this, you can choose to invest in two tokens that have brought you maximum gains.

The best way to success using this trading technique is to ensure that each of the coins you invested in have different utilities; so you can choose one equity coin, one security coin, and one privacy coin.

UnBalanced Portfolio Strategy:

Like the balanced portfolio strategy there is an unbalanced portfolio strategy in which you keep aside a part of your funds for investing into every coin depending on how you feel it will perform.

So, you automatically allocate the maximum amounts for the coins you are certain will perform best.

If it is Litecoin in your view, then you must go ahead and invest the highest percentage in it.

This strategy is obviously not for everyone; you must have a solid knowledge and enough background research to use it successfully.

Invest the Profits

You can also choose to invest the profits you have made into other crypto coins.

So, when you have succeeded in amassing reasonable profits through any of the above-mentioned strategies you could select some potential coins to invest in.

These coins should ideally be those that have had high profit margins.

This helps you to own a diversified portfolio.

It is a good strategy for new Bitcoin traders because investing too much in a single asset is not a wise move.

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How Cryptocurrency Helps the Economy: What is the Role of Bitcoin?

Can cryptocurrencies actually benefit the global economy? While crypto assets have long been deliberated upon and criticized by many, the truth is that they can prove to be useful financial tools.

How Cryptocurrency Helps the Economy: What is the Role of Bitcoin?: eAskme

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Cryptocurrencies have the power to trigger both social and economic growth the world over, even in developing nations, because they offer easier access to financial services and capital for everyone.

 

In recent years, cryptocurrencies like bitcoin, litecoin, etherum, dogecoin, shiba inu, etc. Dogecoin, known as the joke virtual currency, increased by 850 percent in one day to exceed $ 9 billion in volume. In addition to those who wondered what Dogecoin was, the number of people who were looking for how to buy it increased. How did Dogecoin come about? Dogecoin, which was launched in 2013 by Jackson Palmer, group manager at Adobe, and Billy Markus, software engineer at IBM. The story of Dogecoin started with an internet joke that appeared on social media in 2010. The joke cryptocurrency, which allows peer-to-peer transactions over a decentralized network, is similar to Bitcoin.

How Cryptocurrency Can Boost The World Economy:

Both the Bitcoin and cryptocurrency on whole have much utility for the world economy, albeit in a disruptive way.

In spite of the negative opinions of critics and the disruptive technology called the blockchain, there has been much anticipation that these can eventually interfere and change the ways in which the traditional financial systems are operated.

Here are some ways in which cryptocurrencies can help the world economy:

Growth:

There is an already-emerging industry centering on crypto assets and there are institutions meant for supervising all such crypto exchanges.

The growth rate of this industry is mind-blowing and this fact can be supported by people who had adopted such crypto assets earlier and have turned wealthy overnight.

For instance, the Bitcoin was the first cryptocurrency to make its appearance a decade ago and since then many Bitcoin investors have flourished and have even started to depend on this crypto asset for their sustenance.

Trading Bitcoins has also become the key source of income for many traders.

The automated trading bots like bitcoin revolution have considerably increased the trade of bitcoins.

So, the world economy is gradually but steadily shifting towards adapting to such requirements and cryptocurrencies appear to have the power to satisfy most of these needs.

Useful for UnBanked Populcation

Cryptocurrencies can prove to be a boon for the unbanked population in poorly-banked countries.

The truth is that almost a third of the global population cannot access basic banking services. So, when there is a crisis, they are helpless.

Since such people are already at a disadvantage they try to resort to dangerous lending practices.

Interest rates of such practices are obviously very steep and this only leads to more economic instability for those who requested for loans.

Here a crypto asset can prove to be useful because of its ease of use and high volatility.

Since the crypto coins are decentralized, trading is possible without any third party or intermediary and across borders without any restrictions.

The blockchain technology can actually trigger a financial revolution where every individual will be better connected and empowered financially.

Don't Need Physical Location

Cryptocurrencies do not need a physical location for them to exist.

This is why the transaction costs are so less.

You will not need to recruit employees or pay their salaries, pay for rental expenses and utility bills; so, all these savings culminate in lower transaction fees.

This is also why more and more individuals are putting their trust into these new financial tools.

The higher the number of people engaged in transactions the closer the global economy will be intertwined.

Transparent Transactions

Transactions made through the blockchain network are transparent.

As all transactions are digitized and automated they can be tracked through distributed ledger.

So, this ledger cannot be manipulated either by the companies or people and risks of frauds or corruption is automatically minimized.

Another benefit is that this will give underdeveloped countries the chance to enter this crypto world to boost their own economies and social prospects.

Citizens of a state will know exactly where the state funds are being allocated and this will give them a stronger say in governance.

Payments in Multiple Currencies

With the blockchain technology becoming popular businesses can now get their payments in multiple currencies.

This makes it a prosperous time for entrepreneurs as a whole; for instance, BitPesa enables Africa-based business owners conduct financial transactions with Asian and European nations.

So, cryptocurrencies can make it possible for small or medium-sized businesses to enjoy better financial coverage.

Entrepreneurs can now convert altcoins into traditional fiat currencies quickly and then redirect this capital into further business investments.

The world is fast changing and the speed at which this change is happening can tell you that the traditional financial institutions will feel the pinch sooner or later.

New financial needs are surfacing and these must be addressed in time.

The world is feeling the need to tear down political borders to find a comprehensive financial system.

And the blockchain technology can give the world exactly what it needs.

Role Of Bitcoin:

There was a time when people felt that the Bitcoin would fail to create any impact on global economy.

But these people have now been proved wrong after a decade.

News concerning crypto assets like the Bitcoin is everywhere and many investors, governments, and companies, are showing an active interest in adopting the blockchain technology.

These are only some of the ways in which Bitcoin is playing a pivotal role in the world economy.

Eliminates third parties

To start with, Bitcoin eliminates third parties and intermediaries, unlike traditional currencies.

In Bitcoin transactions, users of the currency verify the transaction instead of a bank or governmental institution. Banks are obviously worried as their services are no longer being needed.

Because there are no middlemen involved, transactions are also much faster.

No Relation with USD

USD acts as a reserve currency for the entire world economy and all mainstream transactions happen in relation to it.

So, the US dollar has been the main strength behind American global power, allowing it to place sanctions on other nations.

But crypto coins have no relation to the USD offering financial actors a new way to take part in the world economy, circumventing US economic policies.

For instance, Venezuela has come up with a crypto asset backed by its oil supplies, in a bid to evade sanctions.

Bypass the traditional ways

With crypto assets, entrepreneurs have also got the chance to bypass the traditional ways of raising funds.

Instead of trying to win over banks and venture capitalists to fund their projects, they can now go around the regulations or red tape to establish an ICO.

Problems with Cryptocurrencies

The basic problem with cryptocurrencies is that they are hard to regulate since they are anonymous by nature.

This is why the Silk Road fiasco happened and people were buying illicit items on this marketplace.

Finally, the FBI had shut this down but it was followed by many more scams.

People are trying to avoid paying taxes by using cryptocurrencies and this is what has got governments worried.

So, you can expect governments to develop either their own crypto coins or impose stricter laws on the existing cryptocurrencies like the Bitcoin.

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4 Easiest Ways to Save Money When Launching a New Website

Launching a new website for your business does not have to cost much. If you know where to look and you are happy enough using free versions of software, you can save a lot of money when launching.

You also don’t need to spend a fortune to make your website look good; with freelance websites such as Fiverr, you can find someone to aid you in website building for an inexpensive and competitive price.

The Four Easiest Ways to Save Money When Launching a New Website

The Four Easiest Ways to Save Money When Launching a New Website: eAskme

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Here are just four ways you can save money when launching your website.

Find Software Coupon Codes

Although it would seem sensible to find software first, there is so much out there to choose from that it can be difficult to know what is best and you could spend hours comparing them all.

While many websites offer free trials or offer part of their services for free, often the best stuff is only for paid members.

If you don’t want just the basics, it is best to find a software that you can find money off coupon for.

A good source for software coupon codes right now is reviews, where you can search by website or product name.

There are many website services on there with unique discount codes so that you can save money.

Find a Reliable but Inexpensive Hosting Account

Once you have had a look around, you need to choose the hosting account that works for you. If you are happy with a basic hosting service, then just set up an account and use the free version.

The great thing about most web hosting sites is that they offer other services for free when you sign up with a monthly account.

Paying just a small amount each month could ensure you reap many benefits.

For instance, Blue Host offers companies a free domain and a 30-day guarantee in which you can claim back your money if you are not satisfied.

Choose Your Own Theme

WordPress is the most popular way to set up a website and is used by millions of people worldwide.

This is due to it having an extensive library of themes and the option of using the service for free.

This means no longer do you need to be a web genius or a design expert to have a great looking website; with WordPress, you can do it for free!

Within WordPress, you can browse and search for specific themes that you already have in mind.

It is difficult to choose a theme that is entirely right for you, and if you have found a free theme that you would like to work on, this is where Fiverr can help.

Use Fiverr For Help

It doesn’t have to cost a fortune to find someone who can help you design your website. Choosing a free theme and working with that ensures you keep any other fees to a minimum.

If you don’t understand how to set up your theme correctly, you can simply search Fiverr for what you want done, and a list of people will pop up.

You can find the person who is charging the least for what you want, and you can even check their page first to see other work they have created.

Fiverr can be used for many other things too such as freelance writers if you want blog posts, and graphic designers if you need a logo for your new website.

This allows you to shop around for the lowest price.

Creating a new website really doesn’t have to cost much. Follow these simple tips to save time and money on your new website.

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