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Skip to the content * Sample Page Menu * Uncategorized ARE INTERNET CASINOS SAFER THAN TRADITIONAL GAMBLING? October 29, 2021 No Comments ARE INTERNET CASINOS SAFER THAN TRADITIONAL GAMBLING? Online gambling is any type of gambling conducted over the internet. This includes online casinos, live casinos and virtual poker. The first online gambling site opened for the public, was online ticketing for the famous Liechtenstein International Poker tournament in October 1994. Since then there have been several different online gambling sites which have become popular all over the world. Online Gambling has turned into a huge business. It is very exciting as you can win cash and prizes that are not available in your daily lives. Many people gamble just to have a bit of fun, but many others play online gambling just for financial gain. You can find all kinds of data on online gambling at the World Wide Web, this includes online betting rules, regulations, and advice. Online gambling is legal in most countries. This means that everyone can gamble online. It is an exciting and thrilling way to have some fun. Some people play poker to win money while they are travelling or on vacation, but many others play online gambling for profit. The great thing about online casinos is that they are readily available to play. You don’t have to travel far to find a top rated casino. They are easily accessible and you will not have to leave your home. You can enjoy your day playing the games without having to worry about traveling to a land based casino. There are many sites that offer the best online gambling experiences. Online Casino Player’s Association is a non profit consumer protection association that actively promotes the interests of online gamblers and their interests. This association educates consumers on the dangers of online gambling, and provides information and statistics on the volume of claims filed by victims of Internet fraud. It also educates the public on methods of combating these frauds and scams. In addition many states have also passed laws that protect online casinos. Unfortunately many states still do not have adequate consumer protection laws that are effective. For this reason we recommend that you work with an online gambling lawyer who has a comprehensive background in state and local laws. In conclusion, it can be said that online casinos are a much safer and convenient alternative to traditional gambling. As technology improves, online gambling becomes easier and more accessible. In addition it provides a new avenue for recreational gambling among millions of Americans who are constantly searching for opportunities to make money. We wish that you will please consider all this and think on it. If you would like to post any comments on this article, you may e-mail us at anytime. Continue Reading * * * Uncategorized GET A PROBABILITY OF WINNING THE LOTTERY October 28, 2021 No Comments A lottery is simply a form of gambling in which people randomly select a number for a fixed prize. While some governments prohibit lotteries, others endorse it as far as regulating a state or national lottery. It is also common to find some level of regulation of lottery at the local level. The history of lotteries goes back thousands of years. People in ancient civilizations such as Egypt, Greece and Rome regularly won large prizes in lotteries. This gave them the motivation to develop more complicated systems of calculation such as the lottery wheel. Other civilizations associated the lottery with the element of fate. The Aztecs of Central Mexico believed that if you picked up the right number at the right time you would get specific rewards. Numbers that are picked off the wheel appear in lucky numbers and can help in determining the location of specific items such as a temple, water well or river. Today lotteries continue to be a source of great sums of money. There are many organizations around the world that are dedicated to raising money for good causes. These lotteries are designed to generate revenues for good causes. The UK Lotto Association raises about 2 billion pounds per year for good causes. In the United States alone, lotteries are responsible for millions of dollars in revenue. There are other popular lotteries such as the Mega Millions in the United States and the Euro Lottery in Europe. The Euro lottery uses a system of probability to decide prizes. The US lotto system uses a random number generator to decide the numbers that will be drawn. Mega Millions uses a balloting process that ranks games according to the amount of money that was paid out and determines the winner by way of a cash prize. Each of these lotto systems provides their users with the same opportunity to win a prize, whether it is for the chance to win a million pounds or to win the jackpot prize on a particular lotto game. Most lotteries today rely on random number generators to generate numbers for the draw. These generators are designed to randomly select numbers that have a high percentage chance of being picked. This is to ensure that there is a balanced distribution of chance for the different people who are trying to get a certain number of tickets. With this in mind, winning the lottery has a very high probability. Although there is no sure shot way of winning the lottery, it is still possible to increase the chances of winning and that is why many people prefer to play the lottery instead of going out to pubs and bars to drink alone. Playing the lotto has also proven to be beneficial for many people because aside from getting a chance to win, they also get to win a prize that can be spent on items for their homes, cars and sports team. In fact, playing the lotto has even increased in popularity among college students. College students usually buy a lot of lotto tickets when they are released from their jobs so that they will have a chance to win a prize. Buying the numbered tickets from the official site of the UK lotto draw is one of the safest ways to get a chance at winning. Continue Reading * * * Uncategorized HOW TO CHOOSE BETWEEN REAL TIME POKER AND LIVE DEALER GAMES October 27, 2021 No Comments The increasing popularity of online gaming means that there will be more people playing online casino games including live casinos. There are several obvious reasons for that, not least because online gaming is completely legal, plus the range of different ways in which gamblers can bet on online casinos, whether they like slots or table games, online poker or even live casinos, and the most up-to-date Live Casino. Live Casino means any game which takes place in a casino – whether you are playing a game of blackjack, craps or roulette, the odds are all the same in both cases. This applies to all forms of gambling, not just online casino gambling. If you are looking for a real gambling experience, why not try playing in a real casino where the real gambling experience occurs. One of the best ways to make the most of your gambling experience is by getting the best online gambling site, such as high stakes craps bonus live casino games. It’s easy to get a feel for the site by checking out some of the sites that offer video links to their live casinos – if there are any at all. By watching the video links you will get a good idea of how the game is arranged and what sort of bonuses are available. One of the things that differs between real dealers and online casinos with video links is the way in which the game is set up. In a live casino, you can usually see the video screens of all the other players at the table as well as the dealer, if there is one. You will also see a large number of chips on the table and the numbers being dealt out. A good online casino would have separate counters for each player and the cards, but since online casinos do not actually have real dealers, the video links provide the only means of monitoring the cards. Online casinos with live dealers tend to be a little rougher than those without them. You will know immediately whether the dealer is giving away his cards by the manner in which he deals the cards – either by shaking hands or tapping the card deck. This is a slight indication that he may be holding back some valuable cards. Most online casino game sites also use the technology of electronic chips rather than hard currency, so it is easier to tell when a dealer is holding back an important card – the same way that it is possible to tell whether a dealer is cheating by the way that he deals the cards. Of course, it is not always necessary to eliminate the possibility of cheating by means of the video links. Sometimes it can be determined that one of the players has cheated the other players in regular online casino live games offer by the way that the other players tend to fold their hands quickly when they have a good hand. This does not mean, however, that they are not bluffing. The same thing can be said for blinds. In a real time game, one can determine whether the dealer is holding back valuable cards by watching how he deals the blinds. In a video poker game, it is sometimes easier to determine whether the dealer is having an extra card because he will be able to see the card, although this is not always the case. If you want to play in a real time poker game and you do not want to rely on the ability to tell whether your opponents are cheating, then you must eliminate the possibility of playing in live dealer games offer by eliminating the possibility of a random number generator. When you find a site that offers live dealer games, it is best to look at the games offered by different casinos and the difference between the payout percentages and the jackpots offered. If you find that there are a lot of differences in the amount of money each player is paying out, then it is probably a better idea to play with an online casino that offers real-time play rather than a casino with random number generators. You can also play for cash and play for fun at the same time. Continue Reading * * * Uncategorized SLOTS MACHINE – A PORTABLE WAY OF ENTERTAINMENT October 26, 2021 No Comments Slots are one of the most popular casino games. Slots are an exhilarating and fascinating way of playing online casino games. They are a highly popular game at land-based casinos as well. A slot machine, also called a jackpot slot, the fruit machine, the slots or pokers, is basically a gambling device that generates a game of luck for its users. The outcome of every spin in the machine depends completely on the luck of the user. This means that, when playing slots online, you need to be very careful to increase your chances of winning big amounts of money. There are two types of slot machines, namely, fixed and removable slots. If you are a regular gambler, it would be better for you to play only fixed slot machines. In other words, you should never play with loose slots. This is because; loose slots do not have reels and thus, the result of every spin is never dependent on the player’s luck. Thus, it can never result in your winning any amount of money. To ensure that you increase your chances of winning, it is important for you to familiarize yourself with all the different types of slot games available in the internet. There are many sites that offer free online slots to players. You can select from different types of machines, depending upon your choice and requirements. There are different types of slots such as, progressive, bonus, spin, combo, multiplier, video slot, arcade, reel, video poker, casino, dream, joker and many more. In progressive slot machines, the main feature is the bonus features. You may find these in two forms; a progressive jackpot where a portion of your winnings is added to the total jackpot and a regular jackpot. The regular bonuses are in the form of a symbol or a number. You need to push all the symbols and win a specific amount. In the combination slots, the regular feature is the larger jackpots. Again, you need to push all symbols and win a specific amount. The video slots feature the largest jackpots but you need to pull the symbols randomly and win big. Some of the other most popular slots are the bonus, instant win, spun slot, video poker, arcade games, dream, joker, roulette, progressive, combination and scratch offs. All the mentioned features and options may be used in any type of slot machine provided that you have the right software installed in your computer. There are many websites that offer guides to guide you in this regard. Most of these guides provide you with instructions on how to manipulate the reels. Once you have mastered the techniques, you can sit back at your comfortable chair and expect to win loads of money within a short period of time. Continue Reading * * * Uncategorized VIDEO POKER – HOW TO PLAY ONLINE POKER VIA MOBILE PHONE October 26, 2021 No Comments Online poker is simply the card game played online. It was in fact partially responsible for the growth in the total number of online poker players all over the world. The basic idea of playing an online poker game is similar to that of playing a traditional poker game in the physical casinos. However, with the advancement in technology, the quality of the game has also been enhanced. This online poker game has become very popular because it involves a lot of fun and excitement. A lot of free poker sites offer this game for free. Therefore, there are numerous players from different countries participating in these tournaments. Generally, poker sites allow players to play the game for no cost. However, some sites require a deposit from the player before he/she can start playing the real money games. There are lots of ways through which you can play online poker online. Basically, you can choose to register in any of the available poker rooms available online. These poker rooms offer a variety of tournaments every now and then. You need to remember that some of these tournaments will only last for a short period of time. Thus, you need to be careful about joining these tournaments as they are quite expensive. If you don’t want to risk your money while playing poker online, you can always play for free in any of the free poker rooms available on the net. Some of these sites offer you real money playing opportunities. However, the players at these sites will not have the advantage of using their skills and experience to win money. In addition to that, there might be few fake players playing for those players in the real money games. Another way through which you can get advantage while playing online is by increasing the level of your stack. Every time you make a hole, you should send more hands per hour. This can help you win few pots for each hand that you play. Apart from this, it can also increase the speed of your game. Therefore, you should try to send hands every hour if you want to reach the level of about six cards per minute. While playing video poker you should keep in mind that patience is a virtue. There are also many advantages for playing online poker via mobile phones. Some websites offer you the option of playing for free in your mobile phone. Therefore, you can enjoy playing poker in the comfort of your mobile phone while you travel around. The best poker sites offer you various other options as well. Therefore, make sure that you go to the best sites available online that can give you maximum benefits. Continue Reading * * * Uncategorized HOW CAN ONLINE GAMBLING SITES TAKE ADVANTAGE OF WELCOME BONUS TRIALS? October 24, 2021 No Comments Online gambling is any type of gambling conducted over the internet. This includes sports betting, online casinos and poker. The first internet gambling venue open to the public, was online ticketing for the first annual Liechtenstein International Poker Tournament in October 1994. There are hundreds of websites offering various types of gambling games, some based on skill or real-money playing while others offer entertainment in the form of online casinos. Some websites also conduct blackjack, baccarat, roulette and other games. The internet has provided a number of opportunities for casino operators to reach out to their clients. There are a large number of websites which provide information about casino games, including reviews of different sites. Many offer free bonuses to their visitors, hoping that this will motivate them to join casino games and gamble. Casino websites sometimes offer free casino entries, or even a chance to win a casino slot machine. A number of online gambling websites operate virtual casinos, allowing players to play their favourite casino games without leaving their homes. These casinos often offer themed virtual casinos, such as poker or slots. They allow players to play their favourite game in a “themed” version, allowing them to enjoy it in an environment designed to replicate the experience of gambling in a real casino. A number of these gambling websites offer virtual slots, bingo, blackjack and video poker games. Some online gambling websites offer free money when you register, typically as a welcome bonus. These welcome bonuses can be used to purchase extra spins on special casino games or to make additional deposits. Some casinos offer free deposit bonuses when people sign up for a virtual sports betting account. Some online betting websites offer free welcome bonuses when people register with them. The welcome bonus can then be used to make additional deposits, or to withdraw the welcome bonus, if that is applicable. Sometimes an online gambling website offers a special promotion code. These codes are offered to new members, to encourage them to try out the site. Some websites offer welcome bonuses when people refer new clients to them. They may then receive a bonus when they deposit a certain amount of money into their virtual sports betting account. Some casinos also offer a loyalty scheme, whereby a number of members deposit a set amount into their account each month, and then receive a certain number of bonus points when they make a deposit of a certain amount into their account. Online gambling sites should therefore take pains to encourage newcomers by offering them a bonus when they first register. Bonuses are a great way for casinos to develop customer loyalty and encourage people to become regular members. This is especially important in an industry where gambling addiction is on the increase. Where a customer makes a deposit and keeps to their side, a casino can be assured of continual flow of income from this customer. Continue Reading * * * Uncategorized PLAY LOTTERY – WHY YOU SHOULD PLAY LOTTERY October 23, 2021 No Comments A lottery is a type of betting that involves the picking of numbers in random for an awarded prize. While there are many forms of lotteries available, the most common is the lotto. Some governments prohibit lotteries, most notably, while some endorse it as far as regulating a state or national lottery. It is also common to see some level of regulation of local lottery by municipalities. In many places, lotteries must be licensed, and are operated by elected public officials who are answerable to the voters for election. The lottery has been around since ancient times. The most well-known of these would probably be the American Lottery Commission. The early drawings from this system were based on the number game. The same format has been adapted in Europe over the centuries with many different names, including the Euro Lottery, the English lottery, and the Australian Lottery. Today, lotteries are often associated with casino games, as the prizes can be very large. The most popular of these is the slot machines, which have also become much more popular over the years. Many state lotteries offer progressive jackpots, which increase their payouts depending on how many people play for a certain period. Another type of lottery is the instant lotto, which gives out small amounts of money every time a draw occurs. Although this does not seem like a lottery at all, it is still a game played by individuals all over the world. A lotteries can be run for a variety of reasons. They could be used to help finance a research project, hold a festival, or even to help pay for advertising. With so many prizes being given out each day, many companies have made money from them by offering the draws for products and services in order to get people interested in their offerings. This makes it a good way for small businesses to get their name out to a larger audience. There are also a number of government lotteries around the world. In the United States, for example, the Play It Again Cash Plan has offered big money prizes for people who play their lotteries. These can come in the form of cash, gift certificates, and even real estate properties. If you’re looking to buy a home, there’s really no better time than now. In summary, a lottery is really a game of chance. The chances of winning any lottery are never exactly the same, because everyone has a different number of tickets that will result in a different outcome. However, if you do play a lot of lottery games, then your chances of winning increases dramatically. Continue Reading * * * Uncategorized LIVE CASINOS OFFER A UNIQUE GAMING EXPERIENCE October 23, 2021 No Comments Live casinos are an up and coming form of internet gambling, which constitutes the real action which takes place in real casino venues. But the player can place a bet from the confines of his or her home, and also get a better payback rate as compared to online casino games. Live casinos can provide a more authentic gambling experience to players. Players do not need to travel to Las Vegas or any other gambling hot spot to enjoy the excitement. All they need is an internet connection, a PC and a chair, and they can start playing right away. There are several live casinos on the World Wide Web, which have come up to cater to the needs of players who want to enjoy good gambling experience. One can also play free roulette games while at it. Online roulette has been one of the most popular games around the globe. It’s also one of the most popular games on the World Wide Web. Players can try their hands at different options and variants, and enjoy as they like. Live casinos allow players to experience the thrill of gambling through their very own eyes. In live casinos, there is a complete game control unit that is used for administering and managing the bets and winnings. The game control unit displays the live dealer’s betting tendencies on the screen, so that the gamer does not need to be right there looking at the monitor to keep track of the things. This will enable the gamer to maximize the experience and makes sure that he or she does not miss out anything. Live online casinos are also much safer than their brick and mortar counterparts. In a land-based casino, you would never know when your casino chips could be stolen by someone. But with an online casino, your online casino gaming experience is completely secured. The game control unit is installed in a remote location, away from your home. So no one will ever know about your secret gaming details. Another major benefit of playing a live casino is the fact that you get a chance to test your skills in a virtual casino before betting real money in an actual physical casino. This gives players a chance to perfect their skills, and learn more about the different gaming offers available. Some casinos offer special gaming deals during weekends, such as multiple table tournaments for a lower price. This offers players an excellent chance to hone their gambling skills. If you are new to online casino gaming, then you will not only benefit from playing multiple tables, but also learn more about the different gaming strategies and rules that govern the gaming world. Finally, another great advantage of playing a live casino is that you can interact with other players and make new friends. Live online casinos are a great place for gamers to socialize and make new friends. Many traditional casinos have age requirements and restricted areas for players to make new friends. Online live casinos allow gamers to enjoy a safe and fun environment, while making new friends at the same time. So the next time you want to play poker, holdem, blackjack or roulette, head to the internet for some real money action. Continue Reading * * * Uncategorized SLOTS TIPS FOR PLAYING SLOTS AT ONLINE CASINOS October 21, 2021 No Comments Slots are a popular form of gambling. They can be played at land-based casinos, online casinos and video lottery games. Slots are also called “rain”, because they generate a steady stream of winnings, or “payouts”. A slot machine, referred to differently by different people, slots, pugs, fruit machines, freerolls, potato machines, craps, or jackpot machines, is a mechanical gambling machine that generates a game of luck for its users. The odds of hitting a jackpot is closely related to the luck of the draw. A good slot tip is to choose a machine that gives the maximum payback percentages for the amount of money that you have in your bankroll. Choose machines with lower payback percentages if you have a low bankroll. On the other hand, you should avoid slots with extremely high payback percentages, because these machines pay out very small portions of your winnings. Slot machines with higher payback percentages offer better chances of hitting jackpots. To get high payback percentages, increase your bet as the machine spins. You can increase your bet by betting higher than the amount you bet on the first spin. When you see a number on the lower part of the screen indicating the maximum amount of money that can be won, this is the maximum payback percentage. Payout limits for most slots are $2k. Some of the slots have “no limit” slot machines, which give the players an opportunity to place as many bets as they want. Some of the highest payouts are earned through combination plays and real-time bets. Playing slot machines with “no limit” pays more than playing with “limited” slots – it all depends on your luck. Another slot tip is to play for the “max bet” rather than the re-buy button. This helps you win more if you place strategic bets on the smaller pots available on most machines. When you are about to use the re-buy button, make sure that you know what you will get if you re-buy. If you don’t have an idea about the value of your re-buy, consider paying a higher bet to ensure you get your money’s worth. When you enter a casino, always carry change with you, because you never know when the game may end before you have enough coins to play a few spins. Many online slots allow players to switch from regular chips to coins, which can help you boost your bankroll. If you play often, it would be beneficial for you to accumulate a large bankroll. However, keep in mind that when you switch from regular chips to coins, you immediately drop your bankroll and must wait for a new round to begin. Follow the above-mentioned tips to maximize your live casinos payout. Slots are fun games that allow you to win a lot of money if you play your slots in the right manner. When you follow the above mentioned slots slot tips, you can increase your bankroll quickly and effectively. Don’t forget to practice at home, as this will help you improve your overall game. Once you master all the online casinos slot tips, you will be able to increase your winnings on a consistent basis. Continue Reading * * * Uncategorized TIPS ON HOW TO WIN MONEY AT ONLINE POKER October 20, 2021 No Comments Online poker is simply the most popular game of poker played online over the Internet. It has certainly been a major contributor to the rise in the total number of online poker players around the world. There are also several variations of online poker including Hold’em, Omaha, seven-card stud, and many more. While there is a basic similarity in the rules of each version of online poker, each still works differently, requiring different skills and experience. However, one thing that all the versions of online poker have in common is that there is usually a requirement for an account before you can start playing online poker. You may be required to open a free account so that you can perform some virtual money transactions such as depositing money into your bank account, or withdrawing funds from your account. Also, most online gaming sites provide you with some bonuses and incentives when you sign up and play their games. For instance, in order to encourage players to play regularly in their site, live games offered by these gaming sites are oftentimes provided with great prizes and cash awards. As soon as a player becomes familiar with how the system works, he will surely start enjoying playing online poker. Online casinos are known to offer more exciting challenges and greater odds than those in real life casinos. Players who play casino games online can choose between playing hands per hour or hands per minute. In addition, they can also change the odds of the game in order to adjust to the variation of results that are often seen in live games. Before signing up with an online gambling site, you should always check whether the site offers any type of bonuses or incentives. It is important that you find out the type of bonus offered because you might be able to use them as additional means to gain benefits such as cash, bonus points, and free spins. Although you might have to part with some amount of your money to sign up with casino sites, these bonuses are oftentimes quite worthwhile since they can be used to boost your bankroll. Bonuses, in particular, can be useful for players who prefer playing real money poker. However, it is important to note that playing online poker does not mean that you should entirely rely on bonuses when playing the game. Online poker sites are known to offer players the opportunity to try their hands against each other. You might be able to win some money from playing against other casual players who also enjoy playing online poker. If you play online poker with friends, you can also decide on the type of strategy that you want to employ it against other players in order to increase your chances of winning. You should also take advantage of the wide variety of bonus offers provided by online poker sites. While some bonuses require you to deposit minimum amounts, there are some that require you to deposit a high amount of money. There are even some that give you the option of withdrawing your winnings instantly. You can choose among the various types of bonuses offered by a certain poker site depending on your personal preference and needs. Continue Reading * * * Uncategorized ONLINE GAMBLING AND ONLINE CASINOS October 19, 2021 No Comments Online gambling is any type of gambling conducted online. This includes casinos, live casinos and online sports betting. The first online gambling site opened for the public, was lottery ticketing for the first Liechtenstein International Lotto in October 1994. Since that time, many other online gambling sites have opened. These sites operate around the same principles as conventional land-based casinos. Some online gambling sites provide their clients with software clients. These clients access the online gambling software through their personal computers, and use the software to wager their bets. Others provide software clients that run on the users computers without the users having to download or install any programs onto their computers. The software client connects to a global network of real money accounts, and the user makes their bets by depositing funds into their account. As with conventional sports betting, online gambling has some risks associated with them. Many people make the mistake of thinking that using software to bet on their favorite sport will eliminate any risks associated with online gambling. While there are no real money risks involved with online gambling, some people have been known to become a victim of fraud. Many sites offer promotions that offer rewards to people who win money at their site. However, if these rewards are not properly monitored, the user could end up losing money instead of earning it. Online sports betting and online gambling have become very popular over the past several years. In addition to providing individuals with a means of earning extra money, many online casinos also offer incentives to people who participate in sports betting. Some online casinos offer free credits that can be used to purchase bet tickets. Other casinos offer rewards points that can be converted into actual cash. Rewards points can be used for anything including gift cards. Some online gambling websites allow players to create their own betting slips. These betting slips are comprised of the name, address, contact details and wager amount of each bet that is placed on that particular site. This allows people to take control over the portion of their betting money that they are spending. Unfortunately, there are still a number of fraudulent betting slips being sold on the Internet. Online sports betting online has become one of the most lucrative business opportunities available on the Internet today. For this reason, online casinos should be thoroughly checked before anyone decides to register with them. Anyone who plans to become involved with online gambling should investigate and research an online gambling casino before making any type of payment. Online Gambling should be thoroughly investigated before any money is deposited into the participant’s account. Continue Reading * * * Uncategorized ARE GOVERNMENT LOTTERY GAMES WORTH THE INVESTMENT? October 18, 2021 No Comments A lottery is a type of gambling in which individuals or groups draw numbers at random for an award to someone or something. Some governments outright ban lottery, while others sponsor it to the point of creating a state or federal lottery. It is very common to see some level of regulation of lottery at the municipal, county and national level. For example, ticket sales are heavily regulated in states where lotteries are actively run. In some areas, lottery prize money can be kept in a separate fund, with laws governing its access and expenditure. Wikipedia states: “In Australia, lottery systems are overseen by the Australian Lottery Commission, which is responsible for maintaining the accuracy and security of the lottery system and enforcing the law.” This example is from wikipedia and may be reused under a cc by-sa license. Please keep in mind that the accuracy and security of this example is from wiki, and not necessarily from any official source. For most countries outside of the United States and Canada, lotteries operate as public utilities. The European Lottery Syndicates, which operates in twenty countries outside of the UK, provides the money for the winners to be distributed according to the initial draw. The costs of running lotteries are typically passed on to the winners. While this is done on an individual basis, this is still the case with a lottery operated by the government. A good way to compare whether or not lotteries are a good investment is to look at how much money has been paid out in prize money over the history of lotteries. The amount and frequency of wins depend upon the lottery games. It’s important to note that some lotteries have very high jackpot amounts. This is because the amount of people playing them is substantially higher than the average jackpot offered by a casino. If you are interested in playing a government run lottery, it is important to note that they do not pay out the jackpot straight away. Most lotteries require players to purchase “charity” tickets, which act as a reserve fund. Once these charity tickets are purchased more tickets will be drawn until there is enough money to pay out the grand prize. This allows the player to get back some of the loss they incurred while playing. So, like anything else, there are both advantages and disadvantages to playing lotteries. If you are looking for something to do for fun and excitement, consider playing a government run lottery. However, be sure to always read the rules and regulations beforehand. You never know what type of restrictions the lottery has in place. Most importantly, be sure to buy your tickets from a reputable company with a great customer service reputation. These things are essential to enjoying your time playing lotteries. Continue Reading * * * Uncategorized LIVE CASINO GIVES REAL TIME GAMING October 17, 2021 No Comments Live casino games with live dealers – this is an emerging trend. This was among the last innovations in 2021 and has grown rapidly since then. This industry is much more advanced than most other casino sports. And again, the advent of actual physical brick and mortar casino offers the gamer several unique benefits. Not least of which is the experience of actually playing the game in an actual casino. All of this combined can provide for some pretty intense casino action, some of the highest roller coaster rides money can buy. Of course, this all takes place on a computer screen. But it’s the ability to interact with and watch this on your computer screen that adds so much to this industry. It’s been estimated that more people are now spending more time social networking, playing games and basically enjoying themselves at home. This too has spurred an increase in the Live Casino industry and the use of Live Dealer Casinos. One of the primary reasons that Live Casinos are becoming more popular is because they offer a richer gaming experience with the help of real dealers. The reason why this is important is because there is a huge demand for games such as blackjack, craps, baccarat, video poker etc. And this type of gaming certainly isn’t cheap. So having real dealers on staff can definitely help to drive down the cost of providing these types of games. And if a live casino offers more than one option, then it helps to reduce the overall casino costs even further. Another benefit is the fact that there’s no longer the need to have separate phone systems for each of the different games. Now all you need is a single main casino phone system that can handle calls from multiple clients. This can also reduce the costs as a result of eliminating any long distance charges. In short, with Live Casino gaming the casinos no longer need to have separate phone lines, which can prove costly. Live casinos offer live dealer games because they recognize that their players will be spending a lot of time in front of their computer and they also understand that the players can easily get distracted if they are surrounded by noise. Therefore, with a live casino, the dealers are able to give more attention to each player and ensure that they have a good experience. Although some online casinos offer non-stop game play, live dealer games are the ultimate in casino entertainment. Not only do they add to the overall excitement and fun of playing a game, but they are also very stimulating for gamers and the interaction with real dealers can stimulate even the most lethargic players. If you’re a new online gamer and are looking for an exciting way to spend your free time, then playing at a live casino is the best choice. Not only do they offer a great environment for free time, but the interaction with real dealers creates a sense of reality and helps create an exciting and enjoyable atmosphere for the players. Also, since the games are so close to real life, players can visit a real casino whenever they want without having to leave the comfort of their homes. So if you ever wanted to make the real world come alive, then playing at a live casino online is definitely the way to go! Continue Reading * * * Uncategorized SLOTS – BEST WAY TO PLAY SLOT MACHINES October 16, 2021 No Comments Slots are one of the oldest forms of gambling. Slots are also among the oldest forms of casino games. Slots are also known differently, the fruit machines, the wooden chips, the virtual machines, the slop machines, the push toys, the windmills and the video slot. A slot machine, called the fruit machine, pudge, the wooden chips, slots or fruit machines, is a contemporary gambling device that generates a game of luck for its users. In the early days of the slots business, there were no internet or computer gaming sites and no television screens in the casinos. People who wanted to play slots had to find out where these places were or go to a land based casino. They would roll a die and the number that came out was their point of entry into the casino. Their luck or bad luck would depend on this number. This is still the way how people play slots today. Today, there are several sites and machines available on the internet that offer a variety of gambling games including the classic slots games. There are progressive slots, instant win games, slot machines that pay high amounts, huge jackpots and other types of jackpots. These are the best games for players to play. To win the biggest jackpot or the one with the biggest amount, many people turn to the online casinos to try their luck at winning the jackpot. When you play online slots you do not need to get out of your chair to place your bet. Instead you click on the reels that come on your computer screen and you follow the icons and colorful icons on the reels to see how your chosen machine will pay. Some machines will pay a high amount and others will pay a low amount. Playing slots for money can be exciting and fun when you play the best games at the casinos. Online casinos have introduced progressive slot machines as well as three-reel slots. Machines that come with progressive features give more chances to the player to earn big amounts. Progressive slots give a higher chance of paying larger jackpots. They also pay smaller jackpots for the regular players. Slots like the three-reel slots and progressive slots are the favorites of most of the slot players who play the games for money. Online casino sites have introduced many other types of slot machines that are designed especially for the novices. There are slot machines that can pay higher amounts when the reels stop moving. There are also slots that give more chances for the lucky ones to win big amounts. The online slots cater to all the needs of the slot players who want to play the best slot machines games for money. Continue Reading * * * Uncategorized HOW TO ENJOY PLAYING ONLINE POKER: A GUIDE TO PLAYING ONLINE POKER IN 5 MINUTES! October 15, 2021 No Comments HOW TO ENJOY PLAYING ONLINE POKER: A GUIDE TO PLAYING ONLINE POKER IN 5 MINUTES! Online poker is simply the game of online poker played over the Internet with the use of a computer. It was in fact responsible for a rise in the total number of online poker players all over the world. In the past, playing poker on the internet was mainly confined to a few select countries, but today anyone with a computer and an internet connection can play this interesting game. There are many different ways to play this game. You can decide to play for money or for free. Some of the most popular types of games played on the Internet include Stud Poker, Free Cash Poker, Texas Hold’em and Poker. The main advantage of playing online poker over playing land-based version is that you have an unlimited choice as to the place where you will play your game. You can easily switch between different versions when ever you feel like. For instance, you can easily play free cash games in Texas if you are living in New York and in another place in Europe. The choice of locations is completely yours. The same way you can choose the places where you will be playing your tournaments. The next point that determines the best poker sites for you is that they offer you a variety of the best features that you will require while playing online. For instance, live games are one of the most important features. You get the opportunity to interact with other players who are playing poker online with you. The only way to come out as a winner is to make sure that you spend the time learning from the mistakes committed by other players and take a lot of time analyzing your opponents’ moves. Another feature that is very important while playing is the security of the site. Poker rooms that secure their transactions are the ones that you should play at. Not only does it help you to protect your money from hackers, it also makes it easier for you to login to your account whenever you want to. There is no hassle of going to the casino every time you want to play poker rooms. Therefore, you get to enjoy playing your cash games anytime, anywhere. In addition to the features mentioned above, online casinos should allow you to choose the tourney that you would prefer playing. They have an option of allowing you to enter a tournament based on your initial choice. Therefore, you get to get the chance to participate in a high quality tourney with the help of a top tournament series. There are many tourneys hosted by every poker room. Some of them have small payments while others offer big prizes. Finally, you should make sure that the online poker room that you are going to sign up with has a good reputation. No matter how much you are enjoying playing online, it is still important to protect yourself from being cheated by these sites. The best way to do so is by checking the review section or rating of the site. You will be able to see many testimonials and ratings from different players regarding this site. It is thus, much faster than checking reviews over forums or reading about it in news websites. Continue Reading * * * Uncategorized A REVIEW OF ONLINE GAMBLING LAWS October 14, 2021 No Comments Online gambling is any form of gambling conducted over the internet. This includes casinos, live casinos and online sports betting. The very first online gambling site opened for the public, was online ticketing for the first ever Liechtenstein International Poker Tournament in October 1994. In this tournament millions of spectators came to watch the World Series of Poker, and a number of world-class professionals made their debut. Many of these online gambling sites now offer both, gambling games as well as sports betting. The majority of these websites offer online roulette, blackjack, baccarat, video poker, slot machines as well as poker to its clients. All the sites offer a wide range of software packages that enable their clients to make wagers, transfer money and play the game. The software client is basically a computer program that is designed to interface with the website, and to run all the software and processes involved in the gaming. A typical client will download this software onto their computer and allow it to be installed on their system. These software clients will usually also need to have a special type of wallet, called a log in wallet. This wallet will store all the usernames and passwords that the user has for their online poker sites. Once the client downloads the log in wallet, it can then be used to make all their online transactions. Most of the internet gambling venues are based in Las Vegas. To play at the casinos you must use a credit card or a debit card. You can also make electronic payments, and use an e-wallet or a paper check to fund your bets. In most casinos you must use either a US credit card or a European one, but some casinos do accept selected payment methods. Online casinos will usually allow you to make as many bets as you want, and to play for as long as you like, up to a maximum amount you have placed on your online gambling account. Most online casinos offer free money when you gamble using their services. There is no legal minimum amount of money that you can gamble with, and there are no taxes or charges attached to playing online. Many companies will offer you bonuses, or certain types of bonuses, whenever you sign up and play at their site. With online gambling you don’t have to drive all around the block to get to your favorite casino. With internet betting you can sit at home, and watch all the games on TV while you eat dinner, or while you are doing the dishes. It is very easy to become addicted to online betting and gambling. Online betting companies have done an excellent job of providing consumers with high quality games and software, and with no charges to play. If you are looking for an easy way to make money, take a look at online betting. Continue Reading * * * Uncategorized HOW GAMBLING ADDICTION COULD IMPACT YOUR ONLINE POKER GAME October 6, 2021 No Comments HOW GAMBLING ADDICTION COULD IMPACT YOUR ONLINE POKER GAME Online poker is simply the fast-paced game of online poker played over the Internet with a computer. It’s been partly responsible for the phenomenal growth in the quantity of online poker players all over the world. For many years, the traditional brick and mortar casinos in Las Vegas and other gambling destinations were considered the most popular places to play poker, but as online poker has grown, the popularity of Las Vegas as a place to play poker has declined. The Internet has allowed many of these traditional Las Vegas casinos to become virtual replicas of their Las Vegas originals, since many of the house games are hosted on Internet sites. This allows even those who may live in the desert, in another country or in another world to play online poker against other players, as long as they have access to a computer with an Internet connection. One reason that online poker has become so popular is because it offers a great alternative to Las Vegas gambling laws. Since online poker is entirely based on chance – what with no human intervention involved – the players do not have to worry about the same type of gambling laws that are applied to Las Vegas’ residents, such as the set-up of an RNG (Reverse Policing) system that makes certain cards more likely to come up in certain hands, in an effort to “lock” the better hands. With online poker, the players are able to maximize their chances of success by adjusting their betting strategies to take advantage of different game rules and odds, which means that they can more effectively exploit gambling laws to increase their profits. Online gambling is legal in almost all countries, including the United States, where it is most popular. However, since the inception of the Computer Fraud and Abuse Act in recent years, Nevada has cracked down on its own gaming casinos, which has led to some Las Vegas hotels closing their doors. This is because although the state does not have the ability to tax these gaming establishments, it does have the ability to institute harsh punishment for those who run them illegally. This includes the use of technology that manipulates random number generators to alter results, which is often done to benefit an individual player. The use of software that does this can be traced back to one of the software developers, who actually had to move out of state because of the heavy handed nature of the state’s gaming regulators. Many professional players and even everyday players have taken to playing online poker because of its convenience. This allows them to engage in real-time play, which allows them to hone their skills and strategies without having to commit to a long-term playing schedule. Some gamers play just for fun, while others have become addicted to playing online gaming, which requires them to log into their accounts at least ten times a day. With some players, it takes them only an hour or so to manage several hands per hour, and this can easily translate into hundreds of dollars per day. This does not include the huge sums of money that some of the high rollers earn per day from playing at high stakes tables. One of the major issues about online poker has been the rise of bots, which essentially automate the entire betting process. Bots are designed to calculate odds and make decisions based on a set of formulas. The problem arises when a casino’s games rules allow for too many bots to be active at the same time. In order to prevent bots from becoming a problem, the Gambling Commission created an enforcement rule known as the Online Poker Sponsorship Rules in 2021. The Gambling Commission realized that allowing players to utilize poker sites for purposes other than playing a poker game could lead to significant increases in fraud and gambling activity. Because of this, the commission began implementing rules that would prevent players from accessing cash game and high roller games on site. Restricting players to playing in these games rather than in other venues was meant to reduce opportunities for cheating and money laundering. One of the more prominent changes to the Online Poker Sponsorship Rules was the implementation of no deposit limits. Continue Reading * * * Uncategorized ONLINE GAMBLING October 4, 2021 No Comments ONLINE GAMBLING Online gambling is any form of gambling conducted via the internet. This includes casinos, poker and sports gaming. The first online gambling site opened for the public, was ticketing at the Liechtenstein International Poker Festival in 1994. Since then online gambling has become very popular all around the world. Online gambling is usually performed through an internet connected computer and the user deposits funds into a bank account. Nowadays with the increase in technology, online casinos have started offering different forms of entertainment and games like online poker and online gambling. The best feature of online gambling is that you need not leave your home to play your favorite casino games. The user needs only a computer, reliable internet connection and a credit card to register and start playing. There are many benefits of online gambling over playing in the casinos: No geographical boundaries divide online casino sites from one another. As the concept of online gambling is not based on a physical location so there is no difference between the different types of online gambling. This means that users from any part of the world can access a casino site and participate in its games and betting. Online gambling sites offer various forms of payment options such as credit cards, electronic transfers, cheques and cash deposits. Users may either choose a mode of payment depending on their choice or requirement. Online poker players may play in a table game or they may opt for betting and lay bets. They may also decide to play in a casino or lay their bet in a cafe casino. Online casinos offer a variety of casino games including slots, video poker, blackjack, roulette, baccarat, craps, and many other table games. They have various features and bonuses as per the choice of the gaming clients. The advantage of playing in a casino site is that players need not visit the gambling site physically. Online gaming companies provide different kinds of bonuses and freebies to attract customers and encourage them to participate in online casino gambling. In addition to the various types of bonuses and promotions, online casinos also offer a variety of gaming systems as per the choice of the client. Many online casinos offer special slot machines as an option in some sites, while others offer exclusive bingo and keno offers as well. Online casinos provide free betting accounts and free money when a player wins a game or matches a given criteria. Continue Reading * * * Uncategorized GOOD CAUSES FOR GAMBLING – LOTTERY TICKETS CAN PAY OFF October 3, 2021 No Comments A lottery is simply a form of betting that involves randomly choosing numbers for a certain prize. It is one of the most popular ways of choosing lottery numbers. While the same numbers can be picked again, there are more possibilities when these are chosen. Some countries outlaw lotteries while some endorse it as far as the state or country itself organizing a state lottery. It is quite common to see some level of regulation of lottery in many countries. The ticket prices are usually set by the government and this influences the amount of money that can be won in the lottery. If you wish to buy your own ticket, you will have to purchase from a gambling outlet. While you can buy lottery tickets online, the prices that are asked by the website are much higher than what is actually charged by the gambling operators. Online gambling has become very popular over the past few years but many people are still unaware of the fact that lotteries do exist. The only difference is that instead of money going into pockets, it goes out into the community to benefit any number of people. While gambling is used commonly for recreation, lotteries have also been used as a form of investment for many years. There are many different kinds of prizes that are given out in lotteries. Prizes such as cash, cars, houses, and other prizes can be used for anything that you want them for. In some cases these can be given as tax benefits as well. The prizes in lotteries are usually a mixture of cash and prizes. This is done to increase the amount of people that will buy tickets. However, some lotteries only have cash prizes. There is also what is called promotional lotteries. This type of lotteries will give out free products to individuals who buy tickets. In order to increase the amount of people that will buy tickets, promotional lotteries will be used to promote the event. The amount of money that can be won in a lottery can vary widely. The amount of money that you will be able to win will be based off of how much money was put up for the lottery. In other words, if you pay money to be a part of a lottery then you will be able to win. Other forms of lotteries may not allow you to pay anything upfront in order to be a winner. These types of lotteries are called entry fee lotteries. The fact is that lotteries have been around for many years. In fact, they are one of the most well-known and popular ways of raising money throughout the world today. If you want to help good causes through gambling, then consider all of the ways that you can enter into this type of gaming. Continue Reading * * * Uncategorized HOW DOES A VIDEO LINK WORK? October 2, 2021 No Comments HOW DOES A VIDEO LINK WORK? Live casino games with live dealers have been a big internet trend. This was actually one of the very last developments in 2021, and has grown rapidly since then. This industry is further advanced than most online casino sports. And the fresh presence of a live casino and actual physical casino provides the gamer several unique benefits. A key benefit to playing live casino with a live dealer is the advantage of actually seeing and being able to interact with the dealer before the deal is made. You have a better chance to get your question answered to better understand what the dealer is thinking at that particular moment. In live game settings, it is sometimes easier to make important decisions because there is a human-being contact and interaction going on between the dealer and the player, which can sometimes help with player decision-making process. Having direct access to the gaming table, the players can often get a better feel for the atmosphere of the room than they would if they were to simply click away from the screen. This can also be extremely useful for deciding on how much to bet and how to bet it, because you can actually experience the feeling of how it feels like to place that bet and wait for the results. Some studies have shown that playing in a live casino is an excellent method for teaching people about real gambling and gaming dynamics. The biggest drawback with playing a live casino is the fact that you cannot try your hand at all of the possible hands that the dealer will lay out to you. There is nothing like trying a hand at a live casino, only to have it blow in your face. Many online casino players find that this is a deal breaker when it comes to participating in online gambling. However, this does not mean that online casino players should completely ignore the idea of using a computer to place their bets, because many live casino games have a great supplementary experience to the main event. For example, Texas Holdem is played right there on the internet in the comfort of your own home. You can bet the amount that you want on any one card or combination without having to worry about how much the casino will charge you to get into the game. Because the stakes in live casinos are much higher than in video links, this allows you to make some great video links to study the various strategies that the pros are using to win. This can also be a great supplement to learning how to play live casino poker itself, since you can see how other pro’s are making those huge bets. Video links, however, should never replace playing in a live casino, since the stakes are much higher. A great way to learn about the various strategies used in live casinos is to visit one of the many different casino forums that are available online today. While it can be hard to imagine the difference between live and video links when you first look at them, once you read through some of the posts you will start to see the dissimilarity. There are many great discussions about live casinos and the ways that they are being run, as well as the ways that the pros use different tactics to increase their bankrolls. You will find that by staying up to date with these threads you will be able to stay one step ahead of all of your friends and opponents. Who knows, you may even become the next millionaire. Continue Reading * * * Uncategorized MULTI-LINE BONUS SLOT MACHINES October 1, 2021 No Comments MULTI-LINE BONUS SLOT MACHINES Slots are games of luck and chance played in casinos, online games and on street corners. A slot machine, also called the fruit machine, slots, the pugs, the fruit machines or pokers, is an electronic gambling machine that generates a game of luck for its users. The key to winning is getting the right pull on the lever or the button, which sometimes depends on calculation, guessing and experience. Slots are played by inserting coins into the machine or by inserting a dollar bill. In some machines, players may use combination buttons to increase the chances of winning. In some types of slots, “positives” and “odds” replace cash and coins. The casino staff calls out the number of “positives” or the total number of spins on a particular slot machine pays out, then adds up the “odds” or the average number of spins. This information is displayed on a screen and is called a payline. Paylines are not exact; usually the casinos adjust their paylines based on their opinion of the casino’s risk. There are two factors that influence the payline: the length of time the machine has been running and the number of spins. Slots are a great way to win money, however some of them offer more payouts than others. Some machines offer up to triple payouts, while others will pay out only two or three times. Casinos tend to place higher paying slots near the entrance and exits of the casino, these areas usually feature a steady flow of people and offer more chance of winning. Other good locations to find cheap slot machines are near snack bars, convenience stores, and liquor stores. One of the benefits of playing slots at a slots club is the affiliation with a casino that offers high rollers a chance at winning big jackpots. With the expansion of online gambling sites, many players have found it easier to win at home rather than travel to Las Vegas or Atlantic City. The casino loyalty that some slot players have developed allows them to play their favorite casino whenever they want for as long as they like. Some casinos even offer monthly membership fees, which can save travelers or visitors thousands of dollars over the course of the year. A big bonus for a slots player is the ability to use dollar slots. These machines offer a guaranteed result and allow a slot player to convert one dollar into two or more. Some people consider these types of machines a form of gambling, but most recognize the game as fun and a great way to relax. Playing slots is especially beneficial for those who are new to slots and who do not want to lose too much money on a machine they could easily beat. When visiting any casino, no matter what type of gambling you prefer, be sure to read the rules and basic directions for that particular casino before you play any games. The same is true when playing slots with friends and family; never bet more than you can afford to lose! For more information about multi-line bonus slot machines in your area, check out our website. Continue Reading * * * Uncategorized GETTING STARTED IN ONLINE POKER September 30, 2021 No Comments Online poker is simply the game of online poker played over the Internet with real players from around the world. Poker has always been a popular game with the general public, but it has recently become extremely popular with the internet community. This has been partly due to the large increase in the amount of poker sites that are available to play at, and also because of the fact that poker is a very simple to learn game. It really takes a matter of minutes to learn the basics of online poker before you are able to compete seriously. Once you do play a bit of online poker, you will quickly start to develop a basic understanding of how the games work and what your odds are. There are many different ways to make money playing online poker. Some of the top ways include, playing for real money on sites like PartyPoker, Ultimate Bet, Paradise Poker, Full Tilt, Betfair Poker, and many other poker sites. These types of websites give you a chance to play against some of the best poker players in the world, and if you play well enough, you can sometimes even win money. If you are new to playing, you should probably stick to sites where you can only get partial money or if you want to test your skills before going for the big money. Another aspect of playing online poker that many people do not know about, is the aspect of bonuses. Bonuses are usually given out when you sign up to certain gaming websites, and they can give you a lot of extra money to spend. In addition, there are often promotions for no deposit bonuses, as well as some other type of bonuses that you can receive by playing online poker. Bonuses can really help you to make some good money with online gaming, and many players are finding that by receiving the best bonuses, they can turn a profit. This is because many sites will try to encourage you to play with them, as well as offering you bonuses in order to encourage you to stick with their website. Tournaments can be another way for players to earn cash games, as many tournaments offer a large prize pool. Some tournaments do not have a huge prize pool, but instead require players to place high in the weekly or monthly brackets in order to win. These tournaments tend to be very difficult to win, but players that win them are able to take home a large cash prize. Cash games can also be won by playing head to head. There is usually one player on each team, and the goal is to eliminate them and take the prize pool from them. In many cases, there are going to be several different winners, but there is usually just one winner per team. This makes this a great way to play if you want to win a cash game while also earning extra prizes. Cash games are just one part of the larger picture that comes along with online gaming. There are other aspects of the poker experience such as tournaments and playing against real people. While cash games might not always be the biggest part of the overall experience, they are often a vital part of it. The ability to win cash prizes as a part of a tournament is a thrill for all involved. Tournaments can take several days to complete, and players that win will walk away with lots of extra money. Continue Reading * * * Uncategorized WHAT IS THE LAW ON ONLINE GAMBLING IN THE UK? September 29, 2021 No Comments Online gambling is any type of gambling conducted online. This includes casinos, live casinos and online poker. The first online gambling site opened to the public, was ticketing at the Liechtenstein International Casino in October 1994. Online Gambling refers to a lot of different things. It might be online poker gambling, gaming in a casino or sports betting. It can also mean gambling for money in a Las Vegas or online site. There are a lot of states that have made some form of laws for online gambling. These laws differ from state to state and there is a lot of controversy over some of these laws. Online Gambling is a huge business and it can generate billions of dollars every year. It has created a lot of millionaires and it is now also a cause of controversy. Many feel that online gambling should be regulated just like real gambling. Other people think that there is no problem with online gambling and it is simply a way for people to gamble their money. Let us take a look at each of these two views. Those who believe that there is no problem with online gambling feel that UKraine should not interfere with online gambling in the U.K. The government in the U.K wants to see all licensed online gambling operators operating in the U.K. If they interfere then they could possibly shut them down. Of course that would upset the companies who operate the casinos and this could cause them a lot of lost business. On the other side of the argument is a group of lawyers who feel that the law around online gambling is so vague that it makes no sense to make any laws about it. They say that UKraine should be left alone to decide how to run its own affairs and that there is nothing that the government cannot do. They also point out that there are already several laws in place around gambling, for example there are betting laws, and that there is also tax and VAT charged on people who gamble online. And they feel that the only way to make gambling as legal as possible is to make all the activities surrounding it legal. This is the main article on the debate about online gambling in the U.K. There are many more articles available on this topic if you are interested. If you want to read a more general article that deals with all the facts about online gambling in the UK, you can find it in the link below. Continue Reading * * * Uncategorized LOTTERY THEORY – THE LOTTERY WHEELING SYSTEMS THAT REALLY WORK September 28, 2021 No Comments A lottery is an organized form of gaming that involves the drawing of specific numbers for a given prize. While most countries ban lottery outright, some only regulate it to the point of allowing state or federal lotteries. It’s also common to see some level of regulation of lottery in countries where gambling is illegal. In the US, lotteries are governed by the states, and lotteries that are strictly internet-based are overseen by the Federal Trade Commission. Before playing a lottery legally, it’s important to know some background on how the system works. In the drawing of lottery numbers, there is a systematic way of picking numbers that will come out as possible in future draws. This process is called ‘guessing’ or ‘probability management’ – a way of using mathematics and probability to make informed guesses about the most likely winning numbers in a given Draw. The actual selection of numbers from a drawn lottery program is done after the probability management phase, through what is called an ‘abbreviated wheel.’ This system and the way in which it is followed is what is behind the different lottery games that exist today. The main type of lottery that utilizes the abbreviated wheel is the European Lottery. Other major ones are the Multi-State Lottery System (MLS) and the State Lottery Corporation (SLC). Each of these utilizes a different type of system, and their own format of selecting combinations. All utilize a random number generator or an ’emergent’ number generator. The formats for the different systems range between the simple and complex. The simplest lottery program uses what is called the expected utility theory. This states that the expected number of wins that will be garnered by a lottery player, given a set number of selections, is the total number of wins that a player earns during his/her lifetime. One can also find a version of this theory where the player actually anticipates winning some number of draws, but as many as not all of them. This is the uncured lottery. The second type of lottery program uses what is called the Uncured System. This states that one’s expected utility for each draw that is performed is the sum of the actual wins that one earns during the lifetime of playing the lottery. One can find uncured lotteries that work with smaller jackpots and much larger ones as well. In fact, with a recent development in UK, players can now play the lottery for real cash. This is the fully cured lottery. A full cured lottery system will require one to undergo an enormous amount of practicing until he/she can win without any losses/costs. It also requires that the person playing the lottery should have a good grasp of statistics. As many lottery players are aware, lottery wheels do not stop on their own. They keep moving up or down depending on the current draw results. Thus, to improve your odds at winning the lottery, you need to know how to keep your lotteries wheel spinning positively. Continue Reading * * * Uncategorized THE NATURE OF MARKETS September 27, 2021 No Comments THE NATURE OF MARKETS Markets are essential features of a market economy. A market, by definition, is a collection of institutions, processes, systems or infrastructures through which various parties engage in transaction. Most markets, however, depend on sellers providing their commodities or services for sale to buyers at exchange for payment, while other markets, such as commodity markets, rely mainly on buyers purchasing goods or services from sellers in return for cash. Markets function in various economic systems by allowing sellers and buyers to set a maximum price above which they will not sell or buy. This enables them to receive a full market price for the good or service, although they still have to consider the risk that they might pay more than this to someone else who will offer a better deal. Some markets have complex underlying structures to support this basic principle of supply and demand, with prices often reflecting aspects of supply and demand such as unemployment rates, economic growth and inflation, and other fundamental economic factors. Markets may also be designed to address specific needs, for example, to ensure the supply of important resources or to ensure payments are made to a particular group or class. Markets often have a central location, which has a significant effect on the way they operate. In some cases centralised economies have smoother process and greater efficiency than decentralised economies. Centralised markets also have long-standing traditions of intellectual property protection and competitive licensing. While there are exceptions to these common characteristics, these are the general characteristics of all markets. Centralised economies tend to have a higher degree of economic freedom, lower levels of taxation and higher levels of regulation than decentralised economies. Markets operate in a flexible fashion. There is a fundamental difference between markets and relationships, as illustrated by the fact that a horse and carriage cannot be traded between themselves, while a sofa and table can be traded between sofa owners. In a market the goods available are always known to the parties to the transaction, and the relevant information is communicated to all involved in the transaction. A relationship on the other hand, does not provide any information to the seller or buyer, and there is never any intermediary in the transaction. The sale of a product between unrelated buyers and sellers is called a marketplace. Markets are characterized by fluidity and competition. A market with little or no competition tends to be characterized by prices that are set to meet the needs of all buyers and sellers and there is no pressure or incentive for either the buyers or sellers to take advantage of other buyers or sellers. The existence of a number of buyers and sellers makes the price of the goods that are traded possible to vary with changes in demand, supply and margin requirements. Markets allow for competition because sellers try to reduce the price of their products to be competitive with those of their competitors. It is only when the situation gets out of hand that sellers and buyers band together to force a change in the existing conditions of the market. Usually the prices of goods increase to satisfy the demands of buyers resulting in a rise in prices of commodities. Markets thus allow for competition, where prices are set based on demand and supply forces. Continue Reading * * * Uncategorized UNDERSTANDING THE MEANING OF SUCCESS – WHERE DOES IT LIE? September 26, 2021 No Comments UNDERSTANDING THE MEANING OF SUCCESS – WHERE DOES IT LIE? Success has many definitions and it is difficult to point to any one definition of success. What we do know is that success is the end product or state of meeting a certain set of standards. In business, success is generally understood to mean reaching a certain level of revenue or market share. Success can also be seen as the opposite of failure, because it usually means reaching an elevated personal goal. The standards for success vary by context, and can be relative to an individual’s perception or underlying belief system. There are many ways to define success. Some people believe that personal success is achieving financial success, while others would look at work related success. One common factor in defining success is to become successful in achieving the set of goals that you have set for yourself. This is usually done through setting attainable, realistic, and practical goals. Achieving goals and becoming successful requires having a growth mindset. In order to successfully achieve goals, the mind must be prepared to grow and adapt when it comes to learning new information, achieving new standards, improving upon prior performances, or even changing goals if they are not relevant to current performance. Achieving goals also requires having the willingness to constantly learn new things and to be creative when it comes to finding solutions to problems. These are just a few of the components that are involved in a growth mindset. Successful careers require that you possess some soft skills as well. In order to become successful, you need to be good at the things that you are good at, and good at doing those things in a manner that is compatible with your personality type. In order to have soft skills, it is necessary to understand yourself so that you can develop personal strategies to boost your soft skills. Developing these strategies will not only make you a more successful individual, but it will also provide you with an increased ability to thrive in your professional life and in your personal life. Having a true meaning of success is something that has been researched over time. Many people have come up with different definitions of success and what it means to them. However, what most people agree on is that a true meaning of success is having personal and professional success in their lives. The truth is that success does not necessarily lie in earning a lot of money or being a high achiever. What most people realize is that a true meaning of success involves the accumulation of all of the things that are valued by society. In order to fully know how to define success in life, it is important to understand what motivates us. Motivation is something that motivates you to do great things, to pursue dreams, and to excel at our chosen profession. When we are motivated, we set lofty goals for ourselves and we put in massive effort into pursuing those goals. We also work very hard in order to achieve those goals. It takes much effort and sacrifice to be a successful person, but it is worth it in the long run. When we truly understand that success does not lie in money or popularity, but rather it lies in personal and professional accomplishment, then we can begin to understand the meaning of success more clearly. Continue Reading * * * Uncategorized TYPES OF BUSINESS YOU CAN OPEN September 25, 2021 No Comments TYPES OF BUSINESS YOU CAN OPEN Business refers to a company where people usually work along together. In a normal business, individuals work collectively to either create and sell goods or services to customers. The individual who owns the business is the one who hires workers for such work. Basically, a business can make a profit from the services and goods it provides to its customers. It may be a retail store, a factory, a trading company, or a financial institution. Although every business is unique, they all aim to serve their customers with quality products or services. A business consists of many different types of entities such as corporations, partnerships, joint ventures, proprietor/operators, and sole proprietors. All of these entities benefit from a successful business venture because their profits are shared by all parties involved in the venture. Some businesses may only see profits, while others may see both personal and corporate profits. The profits of a business may be transferred to one party of the business or distributed among all the parties at random. Also, profits may be reinvested to increase the productivity of the business in the future. For instance, if the company makes new widgets that could increase sales, the profits of the widget manufacturer can be used to purchase new widget models that could expand the company’s sales even further. Corporate law is commonly used in reference to businesses that have more than one entity involved in their structure. Every country has a unique system when it comes to naming the different entities of a business. In general, however, the name of the main corporate body will be added to the names of any subsidiary business entities. This is called incorporating. Incorporation is often used in international business entities to simplify the process of tax registration. There are two general types of business entities that exist today. One type is a sole proprietorship. Another type of entity is a corporation. Both of these types of business entity have the same basic requirements; they are: a capital investment, written articles of organization, registered office and a few other requirements. These requirements are the same for all businesses, regardless of size or type. Most businesses will begin life as either a sole proprietorship or a corporation. However, many newer types of businesses are now being created as cooperatives or beesholms. A cooperative business is one where all of the members are considered equal owners of the company. In a beeshell, all of the members are treated like shareholders of the corporation with the same rights and obligations as other shareholders. Although there are many different types of business that exist today, perhaps the most common is a partnership. A partnership is formed between two or more people who are considered partners. Each partner generally has their own personal assets and liabilities. The profit and loss generated by the partnership is divided between the partners equally. Continue Reading * * * Uncategorized THE ROLE OF MASS MEDIA IN AMERICAN SOCIETY September 25, 2021 No Comments THE ROLE OF MASS MEDIA IN AMERICAN SOCIETY In mass communications, media are basically the communication tools or resources used to transmit and store data or information. The word refers to various components of this vast mass media communications industry, including print media, broadcasting, the entertainment media, music, movies, and the news media. All forms of media have their own characteristics, but all media have been instrumental in providing our society with information of all types. The main objective of most mass communication is to inform or entertain the audience. Most radio and television stations thrive on attracting listeners and viewers through their creative programming and informative content. But to be successful, radio and television programs must meet an agenda before they are sent out to the audience. Programmers and producers will generally discuss topics such as current events, weather reports, and popular features of the day. All forms of media are influenced by the culture and societal values of the people who use them. Radio and television programs that cater to one segment of the population are likely to sound different from those that are meant to reach another segment of the population or culture. For instance, compare the way a program about the general public would talk about politics with the way a program about celebrities would talk about their personal lives. A popular form of communication in the United States is television, which is largely regulated by media conglomerates as a way to prevent messages and programs from being biased or mean spirited towards particular corporations or political ideologies. When it comes to making television programs, producers and advertisers must comply with specific guidelines that guarantee the audience’s protection and the creation of a workable product. There are several other types of media that are less visible to the general public, such as magazines, books, and newspapers. While television and radio companies must apply very strict guidelines when picking the contents that will be broadcasted, newspapers are not under the same constraints. A newspaper can choose to publish any material they choose, including advertisements. Additionally, the newspaper industry is generally considered to be more “real” than other media outlets because it is much harder to dictate what is printed than it is to tell a story in a magazine. The New York Times has famously gotten many controversial stories out on the paper, but their reputation as an objective news source has kept their circulation rates high. Many people associate television and radio with entertainment, while some may associate magazines with news. The truth is that both forms of media have developed their own particular areas of coverage, which often leads to controversy. For example, newspapers have often covered stories about controversial topics, such as religion or politics, that are not covered by other media outlets. In some cases, magazines have published articles that were defamatory of certain individuals or companies. In both cases, these outlets have been subject to defamation lawsuits that have cost businesses or websites thousands of dollars in damages. While most Americans enjoy a wide range of communication options, there are still several areas where new forms of media are likely to continue to grow. For example, newspapers and magazines continue to play a huge role in political debate, especially in the states that are closely divided by state lines. Similarly, network television stations are regularly known for airing controversial content that sparks controversy. Given the broad spectrum of possible sources of media, the impact of media on our society is likely to continue to grow. The next time you are stuck in traffic, turn on your television, turn on the radio, or pick up a newspaper, consider how those three mediums have influence your everyday life. Continue Reading * * * Uncategorized THE BASICS OF MARKETS September 23, 2021 No Comments Markets are places where the exchange of products or services occurs. In a market, buyers and sellers come together to decide how to exchange something. In a market, goods are brought to the market at bargain prices and they are then put under contract for sale. There is no middleman or facilitator in a market, and there are usually no limits to how many times something can be bought or sold. A market is also a collection of systems, processes, human relationships or infrastructures through which parties exchange commodities or goods. The definition of a market goes beyond the definition of what is typically included in this definition. While markets traditionally functioned through bartering and direct interactions between buyers and sellers, some markets have developed around some forms of intellectual property or other intangible assets. Most markets however, tend to operate through competitive processes and price competition rather than through the use of bartering and direct transaction. In defining markets, the term market can sometimes be used in place of the phrase commodity market, which is used to refer to the physical location where commodities are traded. Commodity markets may not include the internet. However, the internet has played a large part in the development of many markets over the last twenty five years or so. The process of creating markets, however, is not an easy process and there is much theory involved as well as a great deal of math and statistics. One of the primary purposes of the economists who study markets is to understand price behavior and its implications for economic theory, and in particular, output, employment, distribution and cost. Market research is also important to the analysis of many problems that affect macroeconomic theory and policy. This research helps us to test our ideas and to test assumptions about what would happen if we changed these things, such as price elasticity, unemployment and other factors. Many of the problems of the day-to-day economy are improved when economic theory is applied to various models of the market. The basic definition of markets, as understood by the classical economists, is that goods are produced and sold in markets. Markets have buyers and sellers, and there are both direct and indirect competition and other forces that drive prices. Some kinds of exchanges in which goods are traded are called “goods exchanges” while other exchanges involve the transfer of goods from one seller to another. A very important aspect of modern economic theory is the concept of demand. It is an economic theory that says that prices will adjust to supply and demand. This results in an increase or decrease in prices in the open market, but this equilibrium is only achieved if the supply and demand forces are within the capacity of the market. Another important term that must be understood in a broad context is market price. The definition of market price is an amount that buyers are willing to pay to buy a good at a specific time. This price is also affected by the supply and demand aspects of the economy. For example, a drop in the number of buyers for a particular good will cause its price to increase. Continue Reading * * * Uncategorized HOW TO DEFINE SUCCESS AND WHY IT IS IMPORTANT September 23, 2021 No Comments HOW TO DEFINE SUCCESS AND WHY IT IS IMPORTANT Success is the condition or state of meeting an agreed upon set of expectations. This is often compared to failure as it is often the end result of an attempt at achievement. However, success and failure have more than just the terms shared by those who have both found themselves before. Success can also be defined by various criteria, which can be relative to an individual’s personal belief system or context. When you ask what success means to me, you are asking a million questions. Each of these is as valid as the other, but they still will not provide the answers that you need to find your own unique success. The dictionary defines success as the attainment of goals and objectives, the success of others, or the realization of potential. With this definition in mind, you can begin to think about how you can measure the success that you have achieved in your life. One of the biggest factors that define success is financial freedom. How much money do you have to live off of? What is your current salary? These are questions that every person will ask at one point in their life. By using a financial freedom index, you can figure out where you currently stand financially, what you need to do to achieve that level of success, and how you can keep it that way. Another thing that many people feel like they have achieved success is when they have figured out all of their goals. However, there is always room for more goals to be reached. What did you do to reach those goals? If you didn’t feel like you were successful, you may need to do some things differently in order to be successful. Don’t let anyone tell you that you can’t or shouldn’t pursue your goals. Be persistent and focused. Most people that set goals feel like they have achieved success, but if you have never measured your success then you won’t know if you are truly successful. There are many ways that people feel as if they have reached success but they are not. If you want to know if you are successful or not, start by measuring your own goals, daily, weekly, and monthly. Once you have a clear picture of what you need to do in order to be successful, you can determine whether or not you are successful in your life. You can also use success stories to help people figure out what their goals are and how they can go about attaining them. Everyone wants to be successful, but it can be hard to determine exactly what that means. Using stories and other tools to help people figure out what their goals are and how they can achieve them can be an extremely effective tool. In fact, once you figure out what it means to have success, you will have the motivation and drive that it takes to reach your goals. Continue Reading * * * Uncategorized COMMON TYPES OF BUSINESSES September 22, 2021 No Comments COMMON TYPES OF BUSINESSES The term “Business” is a broad term. It encompasses a lot of different activities, but the purpose of this article is to discuss only a few. A business is simply defined as a separate entity or corporation organized for the purpose of conducting commerce or conducting a commercial activity. Businesses may be sole proprietorships, partnership, corporations, LLCs, and any number of other names. Businesses may be publicly or privately held, for profit, non-profitable, or nonprofit. There are even “virtual businesses,” as well. Non-Profit: Non-Profit businesses are not-for-profitable or profit making ventures. They are usually run with a social conscience and are often used by low-income families, immigrants, and people of many different cultures. They can also be used by people who are struggling just to make ends meet. A popular type of non-Profit business is the raw food industry. This industry is often used by shelters, women, and children, who are struggling to make ends meet and can’t afford to buy fresh food from local grocery stores. Service Business: A Service Business is a separate entity than a Business and serves a distinct customer base. Many times, Service businesses carry out activities such as cleaning, laundry, and lawn care. An additional service aspect is usually provided by these types of businesses, which can include professional administrative assistance, or they may provide training for other employees on a contractual basis. Merchandising Business: Merchandising businesses are primarily engaged in the sale of products. They may carry out research and development, but the bulk of their work is usually focused on the sales of tangible items. Common goods sold by merchandising businesses include clothing, apparel, electronics, jewelry, watches, books, accessories, and other consumer related merchandise. Most of the time, Merchandising businesses can work with suppliers that have the required contracts and can provide the same amount of research and development that the main office may use. Private Label Rightships: A Private Label Rightship, otherwise known as PLR, is an agreement between a business or company, usually an affiliate, and someone else. In essence, the business owner gives the rights to use his or her name to sell a product line and charge a premium for it. Private Label Rightships are commonly used in conjunction with affiliate businesses and are a popular choice among small to mid-size entrepreneurs who lack the funds to start or sustain a traditional brick-and-mortar store. Sole proprietorship and Corporation: A sole proprietorship is a different type of entity than most others. A sole proprietorship is a legal entity that exists solely for the benefit of one individual. Corporations, LLCs, and other corporations are the usual form of sole proprietorship. In a sole proprietorship, there is no separate structure for distribution of profits, no board of directors, no meetings of creditors and shareholders. The IRS and the Small Business Administration to encourage people to form a for-profit business rather than a sole proprietorship because of the benefits and stability they offer. Continue Reading * * * Uncategorized CHANGING MEDIA BEHAVIOR September 20, 2021 No Comments CHANGING MEDIA BEHAVIOR In mass communication, media refer to the communication tools or resources used to send and receive information or data. The word also refers to units of the mass communication industries, including print media, broadcasting, television, cinema, music, film, publishing, and the web media. Mass media have evolved so much that they can be easily manipulated by the public. Media therefore include advertising, entertainment, education, news, and sports. Advertising is one of the most common forms of media. This type of media is usually generated through written content distributed over the Internet and other channels. It can be visual or textual information. Visual media includes logos, videos, images, illustrations, animations, computer animation, 3D models, and video games. Audio-visual presentations or performances, such as movies or televisions, are also considered to be part of the audio-visual media. Social media is the most popular and widely used among all types of media. In social networking, people use social networking software or internet tools to create personal or interpersonal networks. Online social networking has become an important means of interaction in many fields such as business, entertainment, politics, science, medicine, and education. The concept of social networking was made popular by the Internet’s early developers, who developed online social networking communities such as Friendster, Facebook, MySpace, and Twitter. Facebook, currently, is the leading social media company in terms of daily active users. It has a very low cost per action program, making it highly competitive in the advertising industry. At the moment, Americans spend more time on Facebook than any other website. According to experts, the number of daily active users is only growing, which supports the notion that Americans will soon surpass Europeans in spending habits. Media critics have observed that the media giants such as Disney and NBC have not discussed issues concerning the environment, immigration, racial or religious diversity, or the need for a sustainable economy during their prime. Likewise, the media outlets such as Fox News, CNN, and Associated Press haven’t covered recent events involving police brutality, school shootings, or the execution of a government official. Such media pundits and commentators believe that the agenda of news media is to promote the interests of the US companies and corporations at the expense of the American people. Digital media is gradually taking over traditional print media. However, this trend has been slow due to the low public interest in watching TV, radio, and reading newspapers anymore. Media experts believe that it will take at least several years before digital media overtake the traditional forms of mass media such as television, radio, and newspaper. With these mediums, changes have been seen in the way Americans see media and the role of media in society. Continue Reading * * * Uncategorized THREE REASONS WHY BUSINESS MARKETS AND INDUSTRIAL MARKETS EXIST September 19, 2021 No Comments A market is a collection of human arrangements, processes, infrastructures or systems through which different parties engage in trade. In simple terms it can be defined as an exchange of commodities between persons. The definition of a market has also been used to define different economic activities. These activities are categorized into three main categories, namely, consumption, production and distribution. While production and distribution refer to the process of producing and distributing products, consumption refers to the process of obtaining and using goods. Some of the most common uses of the term market relate to financial markets, for example, stock markets and commodity markets. The financial market refers to those that involve banks and other financial institutions. Examples include the repo market and the foreign exchange market. Other examples include the credit markets and the bond markets. Financial markets can either be black or white markets. The existence of a financial market or a gray market is determined by the existence of a third party, such as a broker. The presence of brokers in the financial market ensures that only two parties actually have access to the information being exchanged. One of the reasons as to why many black markets exist exists relates to the lack of public access. Private information is not available to the general public. Private data is not viewable on the internet and so such information is not available to many buyers. This means that buyers in many cases need to work with agents to get the information they require. The second reason as to why business markets and industrial markets exist relates to the specialization of goods and services. Many businesses and industrial sectors specialize in particular goods or services that make them distinct from other producers and traders. This makes them special markets that are not open to general trading. The third reason as to why business markets and industrial markets exist is that many buyers live within specific geographical areas. A buyer living in the East coast of the United States would be unable to purchase items produced in Japan because of the high price of the items produced in Japan. However, a buyer in the South-west would also be unable to purchase items produced in the UK because of the high price of items produced in the UK. These geographic factors mean that buyers from specific areas can be excluded from the production process unless a specific agreement exists. Continue Reading * * * Uncategorized SUCCESS DEFINITION – HOW DO PEOPLE MEASURE SUCCESS? September 19, 2021 No Comments SUCCESS DEFINITION – HOW DO PEOPLE MEASURE SUCCESS? Success is a broad concept that covers a wide array of complex emotional states and accomplishments. Success has often been called the measure of life. Many definitions of success use the word “determined.” Success is also the state of meeting an accepted standard of performance. Success is defined by many, but not by all. In general, success is viewed as an individual or group trait, with measurable standards of behavior. Success is the standard by which others are measured. It can be seen as the inverse of the failure, with the emphasis on the individual’s ability to meet an accepted standard of performance. Success is not only about being able to meet high standards, but it is also about the value system that one has developed. A person who thinks that he/she is successful will likely feel that they have achieved something great. Therefore, when you look at someone and say, “You seem to be a success,” what you are really saying is, “You have developed a value system that I could adopt.” This value system might include but is not limited to: identifying key personal goals (instead of just saying, “I want to be rich,”), setting short-term and long-term goals, having a clear sense of where you want to go and how much effort is needed to get there, implementing a business or volunteer work plan, having a positive attitude and working in a positive environment, looking at what you have already accomplished and encouraging yourself to do more, having a well-rounded career and educational background, having a supportive spouse, owning your own home, having a healthy diet, getting in touch with your creative side, and having social contacts. The list goes on. Success can be thought of as a personal definition, though. It is my personal opinion that a successful individual has these positive traits, and they are a reflection of the person’s beliefs, hopes, and goals, along with their values. Here’s a list of ten common definitions that I have found to be most helpful: The first thing that I believe success means is that you have created a blueprint of goals for yourself and for your family that are attainable. I have seen too many people waste a lot of time and energy setting goals that are not reachable because they set too lofty of goals that are too difficult to reach, and too few short-term goals. When setting your goals, I always recommend setting short-term goals that are easy to achieve and then long-term goals that are more difficult to achieve but will help you reach your long-term goals. I feel that the more challenging your goals, the more success you will have. The next thing that I believe a person defines success is that they feel like they have accomplished something, even if that accomplishment is something that is easier said than done. Too many people feel like they have reached a goal and they immediately begin to think about all of the things that they would have to do in order to be successful, or that they would feel like they are too accomplished and that nothing is possible for them right now. This definition of success is very important, because if you do not believe that you have done something great, you will never be able to feel like you have achieved anything significant. The more you tell yourself that you are successful, the more you will begin to believe that you are actually successful and you will have a much better chance at actually achieving success. Continue Reading * * * Uncategorized WHAT YOU SHOULD KNOW ABOUT BUSINESS LAW September 17, 2021 No Comments A business is defined by Wikipedia as a commercial entity or organisation operating for the benefit of its owners, workers, members or shareholders. Companies may be either for profit organisations or non-profit ones that perform a social interest or other civic duties in order to fulfil a social need. Like other corporate bodies, businesses may have a board of directors, managers, or other employees. Businesses also commonly operate through a written or unwritten code of conduct with fixed rules and procedures for the conduct of business affairs at meetings and through newsletters and publications. In the corporate world, businesses are governed by a body of commercial law called the corporation. This body has the power, authority, and the right to regulate the running of the business affairs and the utilisation of its assets, property, and profits. The main purpose of corporations is to safeguard the interests of its shareholders. For this purpose, the corporation may engage in business activities through a wide range of means, including borrowing money, investing in fields of activity that contribute to its growth, making purchases and selling its stocks, and engaging in some manufacturing processes. The main article of business law, known as the corporations act, states that corporations are autonomous legal entities that enjoy the rights, privileges, immunities, powers and immunities enjoyed by individuals. These rights and privileges are often used by businesses to enhance their profits. However, corporations must follow the law of taxation and must not make excessive use of their assets. Many businesses today rely on the financial resources provided by stock markets to expand and increase their market share. Some corporations that have listed on the New York Stock Exchange or the NASDAQ have used these financial resources to become multinational, multi-national businesses. There are many businesses in the United States and around the world that are considered low-income or low-equity, such as restaurants, hotels, motels and other services and goods that are sold for less than $1 per unit. Such businesses do not meet the requirements for a level of equity because their revenues are not high enough to justify ownership by a majority of the shareholders. However, if the owner sells all or at least a large portion of the company to raise funds for expansion or new development, then that individual will be treated as a public shareholder with the same rights and obligations as other shareholders. This is how corporations are created in the US. Business law has also been designed to accommodate the economic needs of both small and large business entities. Small business entities must often follow a very strict level of licensing in order to get a product or service to be produced and marketed for sale. In this manner, they avoid spending large amounts of money on advertising and instead find ways to earn profits from customers through word of mouth. In more developed countries, government regulation of businesses is widespread and there is less competition among small businesses to ensure good quality of products and services. Profits and loss are often carefully monitored to prevent small businesses from being run into a red brick wall and going out of business. Intellectual property rights help protect the profits of the parent company. Contracts between the parent company and the affiliates are set up to protect both sides from loss due to breach of contract or infringement of patents or trademarks. A well-established intellectual property rights system ensures that the parent company does not lose any substantial amount of money due to infringement or negligence of their intellectual property rights. Additionally, patents help protect the inventions of the parent companies and prevent competitors from selling or copying patented inventions. Patents are one of the main articles of law that govern businesses in most countries. Continue Reading * * * Uncategorized THE MASS MEDIA September 16, 2021 No Comments Media are the primary communication channels or tools utilized to deliver and store data or information. The word “media” refers to different elements of this broad mass communications system, including print media, broadcasting, television, music, the web media, film, and the visual media. There are numerous forms of media: from printed media to the electronic world. Print media includes the print on paper, newsprint, magazine, book, and other similar publications. Some of these mediums include broadcast television, radio, and video. Print media can be categorized further. For instance, a periodical is a publication that is distributed to a specific geographic region or geographic area and in particular subjects. This is often called a periodical. A daily newspaper, for instance, would be a type of print media while a weekly magazine would fall into the category of news or magazine. There are also news sources such as radio and television news. Over the years, print media and television media have become less useful for transmitting data and information. The popularity of electronic media like the Internet has opened up many new possibilities in the form of data transmission. The use of television has declined considerably over the years as more efficient electronic equipment has replaced the old tube television set. But, as more people have come online to access television, radio, and movies, it is now possible to enjoy them without leaving the comforts of your home or office. Print media and television news media have suffered some major setbacks due to changes in technology. Digital photography has greatly reduced the costs of taking images and increasing the availability of digital files for storage purposes. Another major change came with the development of the Internet. The rapid spread of the Internet across the world has increased the speed of the transfer of data from one computer to another. As a result, print media and broadcast media are no longer useful for transmitting data, but the expansion of electronic media has made it useful for transmitting live news and current events. Media consolidation refers to the merging of various forms of media to form a single channel of communication or a single type of distribution system. A number of communication or news media entities have merged to form larger media organizations. Examples of mergers in print media include the Dow Chemical Company, Time Warner Inc., and Wal-Mart Stores Inc. The mass media is characterized by a broadsheet and tabloids. The broadsheets are primarily available in daily newspapers, while the tabloids are distributed in a few regional papers. Newspapers are primarily targeted at informing the general public. The mass media is made up of several different types of news sources. They include radio, television, print, and online sources. While the printed news sources offer a very diverse range of information, they generally fall under two general categories, the printed entertainment news and the broadcast entertainment news. Continue Reading * * * Uncategorized TYPES OF TRADERS AND INVESTORS IN THE FINANCIAL MARKET September 15, 2021 No Comments TYPES OF TRADERS AND INVESTORS IN THE FINANCIAL MARKET Markets are essential parts of our lives. Markets are nothing more than the arrangements that we have made to allow some people to buy and sell things at a certain price while other people get to buy things at a certain price. Markets are a set of organized processes for facilitating the transaction of exchange. Markets can be categorized as a set of arrangements based on which goods and services are exchanged. In a market for instance, there are producers who produce a product and sell it to buyers, and there are consumers who buy goods produced by producers and sell them to other consumers. A market is also a collection of procedures, institutions, systems or infrastructures through which different parties engage in commerce. While at times, producers and consumers may exchange goods and commodities by barter, in other instances, the producers and consumers may exchange things by means of money – what is termed as the business-to-business market. The word ‘market’ could have many different meanings. For instance, the market could be an arrangement of behaviors, prices, principles, terms, etc., in the context of a particular economy. The word ‘market’ could also mean the set of mutually recognized and agreed upon rules or principles by which the distribution of goods and services in a society is regulated and payment for these goods and services is made accordingly. Other uses of the word market include the theory of value and the concept of production. Markets can be large or small and they often tend to be correlated with one another. Some examples of typical markets include the stock market, property markets, commodity markets, the international markets and the domestic markets. The stock market refers to the process by which goods and services are bought and sold on the open market – this includes trading between buyers and sellers as well as among different organizations that make up one entity. Property markets refer to the process in which land and other assets are bought and sold, and the commodity markets are places where foodstuffs and other goods are traded. One important function of the financial markets is to ensure the sustainability of financial institutions – they ensure that the creditors of one class are able to pay the interest and principal on time to the other. While the stock market example mentioned above illustrates the buying and selling of financial instruments, it is important to note that there can be much more to it than this. Financial markets are created through the process of making loans available to buyers and providers of credit. In order for this process to work, it is necessary for buyers and providers of credit to be able to agree on and reach a balance and repayment of the loans. To reach this level of agreement, numerous intermediary companies may be involved who each have their own specific business and individualistic approach to lending. Some of the main characteristics of the financial market include the fact that there are usually only two parties to a transaction: the buyer, who is usually a bank or other lender, and the seller, who is also usually a bank or a lender. The main types of transactions that take place through the financial market include: borrowing money from another party, borrowing money from a third party, giving a purchase order to another party, and selling a product to a retail outlet. There are various other types of activities that take place in the financial market, including some that do not involve two parties to a transaction. Examples of these include: providing advice to clients, engaging in securitization, hedging, forward buying, commodity financing, and foreign exchange. Continue Reading * * * Uncategorized WHAT DOES SUCCESS MEAN TO YOU? September 3, 2021 No Comments What is success? The dictionary says that it is the result of reaching a goal. However, I think success is more than the result. It is about how you enjoy your journey through life. Here are a few ideas on what success means to you. The definition of success varies greatly from person to person. You could view success as reaching a goal or even living life to the fullest. Success could also be defined as overcoming challenging situations, or feeling like a person who is in control of their situation. For many, success could also mean achieving significant educational or financial goals. Success is often a spectrum, with what some people consider to be “success” on the extreme end, and what another person considers to be a total waste of time and energy. What do we mean by personal characteristics of success? There are a number of personal characteristics associated with being successful, but I will limit the discussion to three. First, personal success is related to a person’s ability to succeed. The definition of success is very relative and could depend on a person’s context or perspective. However, the three personal characteristics associated with success are: In addition to having the ability to reach and exceed goals, success means having a sense of meaning and purpose in one’s life. I think this idea has a lot to do with personal values, as it relates to having long-term success. My core values are: having a sense of humor, the ability to take risks, having a strong desire to learn, and most importantly, being a sponge. When I say I am a sponge, I mean that I absorb information slowly and keep all my options open. This allows me to think critically, weigh options, and make decisions that are in my best interest. Next, when I use the definition of success as it relates to the definition of a person, I also think that it includes a person’s talents. I know of many successful people who didn’t start out to be successful. In fact, I don’t think Oprah Winfrey or Ariana Huffington or even Billy Graham ever had the career success that they have today because they never started out thinking they were successful. They simply took action and built upon their talents, which I believe is the key to success. Finally, I feel that the definition of success as it relates to the value system that a person has determined if that person will ever feel successful. If you don’t feel successful, it doesn’t matter how smart or talented you are, you won’t ever feel successful. I believe that the value system a person has determined if they will ever feel successful, and how they’ll perceive things if they do feel successful. If I learn and apply these three principles, I believe I can help you become an extraordinary success. If you need more help, you can visit my website by following the links below. Continue Reading * * * Uncategorized DIFFERENT SPECIALIZATIONS OF BUSINESS LAW September 2, 2021 No Comments A business is usually defined as a legally registered entity or institution engaged in commercial, vocational, or economic activities. Most businesses are for-profit ventures and others are non-profitable non-profit organizations that conduct to meet a social cause or further a socially worthy purpose. In either case, the business is the property of the state or government and the owner controls and owns it. The owner may, for example, register a corporation to conduct business or establish a limited liability partnership to conduct business. Strategic management is one of the specialties that deal with the area of business. Strategic management includes the planning, development, management, and the evaluation of the strategies employed by the business. Strategic management involves the identification of the main goals of the business. Then, the resources of the business are harnessed to achieve the main goals. In this way, the resources of the business are made productive and can contribute to overall economic performance. One speciality of this field of study deals with the management of small and medium sized businesses. Small and medium sized businesses are usually run by one corporation as a general partnership. But in some instances, the corporations may form multiple general partnerships and form subsidiary entities to carry out various commercial activities. In either case, the owner or owners of the business is considered as the main article. Intellectual property law is another specialization area of study that is related to businesses. Intellectual property refers to proprietary information owned by an individual or a company. It is this property that is protected through various laws such as patents, trademarks, and copyrights. The main article of this specialization is that the protection of intellectual property is necessary to encourage innovation. There are also many businesses that focus on the formation of corporations and their formation. But when it comes to capitalizing on other people’s businesses, the two are different. For instance, when there is a business that manufactures products, it forms a partnership with another company or entity to manufacture the products. This will give the first company with an ownership interest in the manufacture. The profit of the first company will then be shared by the other companies that have signed agreements with the first company. Private Placements are often used by venture capitalists to protect their investments. This is done by putting up a main article or members of an investment group who have invested in the main article. The main article will be able to use its equity as capital to purchase the shares of the investment group at a predetermined amount. This will ensure that their interests are protected. Continue Reading * * * Uncategorized UNDERSTANDING MASS MEDIA September 1, 2021 No Comments Media are the traditional communication channels or tools utilized to transmit and store data or information. The word literally denotes elements of this large mass media communications discipline, including newspaper, magazine, broadcast, the television, radio, cinema, and even advertising. Media has been in existence since the early days of human communication. It is a very broad field, with various types of medium existing. All media are used for some form of communication; however, they have varying degrees of quality, depending on the type of transmission used and the intended audience. Print Media The most common form of print media is the print media. This consists of most newspapers, magazines, books, periodicals, brochures, flyers, posters, wall papers, booklets, maps, pamphlets, and other print marketing materials. Most newspapers and magazines are published on paper with ink rollers. However, most people refer to these publications as “hard” or “paper” media because of their high production standards. A major portion of hard media is electronic media such as television, radio, and films. Social Media Popularly known as social networking, social media enables people to connect with each other by creating blogs, websites, status updates, and other online content. Some forms of social media include blogging, micro blogging, wikis, social networks, and wikis. Blogs are excellent ways of keeping in touch with friends and loved ones. On the other hand, microblogging allows you to connect to thousands of users instantly through a variety of media including text-based chatting and instant messaging. Radio and Television These are two popular mass communication media. Most newspapers and magazines are transmitted through radio or television channels. These are mediums that can be relied upon daily for most information and news. Most television viewers usually wait for the nightly news before tuning into any particular program. Press Freedom The freedom of press is an aspect that worries many bloggers and media critics. There are reports that suggest that there is a decline in media freedom in the country. This is mainly attributed to the growing number of outlets for printing newspapers and magazines. With the increasing commercialization of newspapers, the profit margins for some newspapers have diminished. Print Media The major components of mass media are newspapers, magazines, and television. Newspapers and magazines are printed in buildings and homes. They are distributed throughout the country via mails and newspapers carry certain specific ranges of topics. A major portion of the population uses television for entertainment, news, and information. Television is used for news, documentaries, reality shows, cartoons, and movies among other programs. Continue Reading * * * Uncategorized MARKETS FOR SALE August 30, 2021 No Comments MARKETS FOR SALE The word market first came into use during the Middle Ages as a Latin term meaning marketplace. It referred to the public square where merchants would sell their wares to each other in return for payment. This was then known as the “arkory”. A market is now usually defined as an open area in which goods are sold in return for money. The word market has come a long way from its original use and now refers to any public place where transactions are made on a regular basis. In business-to-business markets, goods are normally sold in bulk to businesses or individuals who need them. Businesses purchase goods either to distribute to customers or to make further improvements to their existing goods. Consumers typically purchase goods to use themselves. Many markets feature goods such as computers, clothes, and groceries that are sold directly by consumers to other consumers. Businesses also sell services such as financial advice, insurance, mortgages, loans, and entertainment. Large-scale producers and traders of raw materials, including manufacturers, farmers, mining companies, and lumberjacks, form the primary part of most industrial markets. Traders purchase raw materials in bulk from producers at wholesale prices then sell them to consumers at retail prices. Industrial markets provide a platform for trade between large-scale producers and consumers. In the manufacturing sector, factories and warehouses stock a wide range of goods from finished products to raw materials used in production. Major exporters of industrial goods include Ford, General Motors, and Caterpillar. Small-to-medium producers and retailers to set up shop in consumer markets. A small-to-medium producer conducts business with local retailers, but engages in international trade. A typical small-to-medium retailer, when entering a consumer market, must engage in intensive research to identify local opportunities as well as expand existing ones. The key to sustaining sales in a consumer market is being able to deliver new goods and cutting-edge services to consumers on a regular basis. Developing relationships with reputable wholesalers is critical in establishing a strong foothold in any consumer market. Major retailers usually have physical locations. Some retailers conduct business through their websites, while others have retail outlets. Internet shopping has significantly reduced the need for physical stores, and online shopping allows buyers to locate sellers located in practically any part of the world. Buyers need to determine their needs before entering a specific market, and they must decide whether they want to purchase goods from sellers they know and trust, or those they do not know. Whichever type of market one decides to enter, they need to realize that the success of their venture will depend largely on the quality of the suppliers they choose. Buyers and sellers in all types of markets face many challenges, and the potential for growth is great. Markets provide a great way for buyers and sellers to interact with one another, which creates a sense of community as consumers to help each other find the products they need. The potential for substantial profits is great in all markets, although some markets may be more lucrative than others. Continue Reading * * * Uncategorized HOW TO DEFINE SUCCESS – AND WHY IT’S WORTH BUILDING A DREAM OR NOT August 29, 2021 No Comments What is success? According to economists and social scientists, success is the condition or state of meeting a certain set of external, measurable expectations. It can be thought of as the opposite of failure, in the sense that failure would be the reverse of success. The standards for success are relative to a given observer or belief system and depend on local context. For some, success may mean having enough money to leave an important to family. For others, it may mean being able to buy the latest home computer, or having a big bank account. What is success to some may not be what another person would consider to be a success, especially if the observer is not sure how success is measured. If you feel like you have hit a roadblock along your journey to success, there are a number of questions you should ask yourself to help clarify your own sense of achievement. One of the first questions to ask yourself is: what is success to me? Do you define success according to what you want to achieve, or do you base your achievements on what you currently possess? Sometimes it is possible to have both elements of success in the same event, such as when you purchase two similar but different cars. Your definition of success may be two different things, even if your cars are similar. The point is, when you set your goals, you need to specify what you are aiming for. In addition, setting clear goals and defining them helps you keep focused on your goals. Unfortunately, many people engage in goal-setting without clearly identifying what they hope to get out of it, and there are some who never seem to achieve their goal. When setting your goals, think about what it means to you and how you want to experience those benefits. Define success in terms of these experiences, rather than what the perceived benefit might be. Finally, if you want to define success, look at the world around you. What kinds of things are bringing you joy? Success may not be measured in terms of money, power, or other such “achievements,” but these things are important in creating a happy life. This does not mean that you have to trade these in for financial security and social acceptance; it does mean that you can live a happy life with less of all of these things and still be satisfied and successful. You can be successful, no matter what your circle of friends and associates say! For some people, success is a result of the kind of success that others can only dream of; for other people, success is something that they always work toward, because it is their only real way of living a successful life. Do not be afraid of your dreams. Never be afraid of trying new things. If all else fails, just remember that it’s okay to fall behind, and you will find your way back up. Continue Reading * * * Uncategorized COMMON TYPES OF BUSINESS THAT CAN BE FORMED August 28, 2021 No Comments A business is defined generally as an individual or organization, generally organized to engage in business, commercial, or professional dealings. Business enterprises can either be privately owned, for-profit or non-for-profit entities that operate to meet a social purpose or further an educational cause. Business enterprises may be locally based, such as restaurants and shops, or internationally founded, such as franchises of international companies. Business enterprises may be domestic or foreign-based. Every business requires a set of skills and knowledge necessary to achieve and sustain profitability. The most important skills needed by businesses are management, marketing, and sales. Business owners seek methods and techniques to maximize profits while minimizing their total cost of ownership. To do this, business strategies vary from company to company; however, some standard practices have been identified that should always be followed by businesses. Creating a business plan, which is a document that lays out the purposes and goals of a business, is a crucial part of ensuring that a business has a future. In general, there are two types of plans used by businesses: a business plan for a sole proprietor and a business plan for a corporation. Each has its own advantages and disadvantages, and the type of plan chosen will depend on the nature of the enterprise being planned. A sole proprietor plan focuses on the financial side of the venture, whereas a corporation’s focus is more on the legal aspects of operating the enterprise. Both plans provide a structure for funding and organizing. Many businesses focus on providing goods or services to consumers at a profit. Common types of services provided include sales, manufacturing, services, or repairs. Although many businesses focus on one or two of these common types of services, others expand into other areas, such as financial services, professional services, or information technology. The profits created by these ventures can be used to finance additional operations. Many businesses focus on providing a service instead of providing goods. Examples of services offered include accounting, human resources, administrative support, product design and marketing, and customer service. Businesses that offer common types of services can be classified under service businesses. These businesses may include restaurants, landscaping businesses, personal care services, and others. These businesses have a wide range of responsibilities and opportunities. When starting a new business, many first-time entrepreneurs prefer to work with a cooperative rather than with a sole proprietorship or corporation. When forming a co-op, members pool their resources to keep the costs low and profits high. In order to qualify as a member, however, the co-ops must follow all state and federal laws, pay property taxes and have a written business plan that covers each activity the cooperative will engage in. If the cooperative does not have the capital to begin operating, then no one owns the business but the investors. Because the costs of starting a cooperative are relatively small compared to other types of businesses, more people are able to participate in a cooperative than would be possible if the business was run solely by a sole proprietor or corporation. Continue Reading * * * Uncategorized TYPES OF MEDIA August 27, 2021 No Comments Media are the visual communication tools or devices utilized to transmit and store data or information. The word “media” refers to diverse elements of the mass communications media industry, including print media, broadcast media, the internet media, television, music, film, publishing, and other related forms. These elements interact with one another to produce a unique multimedia experience. All forms of media are influenced by culture and the values held by a society. The mass media such as television, radio, and newspapers play an important role in our everyday lives. We receive the daily newspaper and we can listen to the radio or see the pictures of the latest news from the TV or the movies channels on the TV. Some people can not do without the newspapers, magazines, or other printed media because it is their only source of knowing about the latest events. People can search for specific information from the Internet as well. Newspapers and magazines are categorized according to the length of their publication time, the range of topics covered, or subjects of focus. Generally, there are four publications in each local day. There are weekend magazines and the national magazines which are published on weekdays. A newspaper has the broadest range of media and it is the most read among all the publications. There are various types of media that are published in newspapers and magazines. They are available in various sizes and in attractive designs. They are categorized according to geographic location, current interest, or target readership. These different types of media are used for the purpose of disseminating information and knowledge. These include sports, entertainment, local news, business, celebrity, education, international news, and international terrorism and news sources. Print media includes mainly the established daily and weekly newspapers. They are widely read by the people of the country and they are preferred by all kinds of people for all purposes including news and entertainment. These papers contain significant articles and news flashes, news items, featured stories, and other relevant material. The different types of print media include regional, national, and world periodicals. Another major type of media is the social media. Social media refers to blogs, images, videos, music, podcasts, and other audio and visual content. This type of media has become very popular among the youth and the elderly as this medium of gathering and disseminating information is fast and easy. They are a great source of entertainment and also of education. Television and radio stations broadcast content through these media and websites like social networking sites allow users to upload media. Continue Reading * * * Uncategorized WHAT ARE THE DIFFERENT MARKETS? August 27, 2021 No Comments A market is a complex composition of economic processes, institutions, systems, relationships or infrastructures through which interpersonal parties exchange goods and services. Most markets depend on buyers exchanging their goods and services for payment for cash by bartering, while other markets are based on sellers providing their goods and services for rewards in return for money. In any case, a market is the place where purchases and sales are made, rather than the location of production or storage. The process of establishing a market involves defining what the market consists of, identifying the sources of supply and demand, forming prices, and creating incentives. Markets create opportunities for buyers and sellers to realize their full potentials. They also help to allocate resources to meet desired goals. Markets provide for the calculation of optimal allocation of capital, time and labor to reach goals, and provide for a level playing field for all buyers and sellers. Moreover, markets allow for price competition among market participants, increasing the stability of prices and bringing about price increases in a competitive atmosphere. While markets may vary from one market to the next, they generally serve as frameworks for coordinating the allocation of scarce resources among competing buyers and sellers. Markets can be defined as the process of creating order out of a set of interacting potential participants. It is an abstract concept, intended to give individuals and institutions the ability to coordinate their activities in a marketplace. Markets allow for price competition among buyers and sellers to realize their full potential. While the term may refer to both types of interaction, the focus of this paper is on financial markets, which are generally identified as the primary source of market price coordination. However, markets can also occur in the financial domain, such as in futures and options, foreign exchange, and commodity markets. There are two distinct categories under which markets may exist-the black markets and the white markets. Black markets do not engage in transactions or buying and selling activity; rather, they refer to the lack of regulations or rules that require participants in the financial market to adhere to written agreements. These markets have no regulation and provide ample opportunity for participants to behave in an unreasoning manner. In contrast, the white market is made up of some regulation and formalized trading procedures. These formalized procedures and regulations provide buyers and sellers with protection from unreasoning behavior and provide them with the ability to take reasonable steps to protect themselves against unfair competition. The term market may also be used in contexts that overlap, such as the insurance market and the real estate market. These overlapping markets often refer to a special category of activities that are included in the overall framework of a broader term. The definition of market also refers to a point at which there is minimal conflict between parties, although not necessarily a perfect or ideal market. The term may also refer to a temporary condition, which may arise for a short period of time. The term may also be used to refer to a set of conditions or constraints on particular activities, which may arise in certain circumstances but which do not affect other situations. Markets are a broad category and the meaning of the term may vary depending on the context in which it is used. They can be defined as a physical place where goods and services are bought and sold, where a transaction is determined by the amount of a sale and the terms and conditions of sale. In business, markets can include the financial markets, the retail markets, the service markets and the government markets. Continue Reading * * * Uncategorized SUCCESS IS A PERSONAL PERCEPTION August 25, 2021 No Comments What is success? It is not just reaching a goal. Success is the condition or state of meeting a certain set of standards. It can be seen as the opposite of Failure. The standards for success can be relative to an individual’s personal perspective or belief system and are influenced by context. This chapter discusses the four perspectives on what is success. An individual’s view of success may be very personal, but it is usually tied to the outcomes that are seen as successful by that person. In business, we speak about “success” in terms of measurable results. A business that is profitable is said to be successful if its gross revenues meets a pre-defined target. On the other hand, a business may fail if its net income does not meet targets set by management. Another perspective on success is how individuals define success. Sometimes this is referred to as the “success mindset.” People with the “success mindset” believe that they know what success is. In this definition, a person is said to be successful if they are able to live up to the standard of whatever they believe is their success. This makes people who have the success mindset feel as if their goals are attainable. A different way of looking at success is based on a certain set of fixed goals. Americans define success as being in a position to attain their set goals. These are the goals that are typically stated in the American Schools Standards for Learning which are taught in the United States in elementary, middle, and high school. These are some of the goals that can be measured in measurable quantities. However, these goals are not usually specified. In other words, Americans believe that if a person reaches a set of measurable goals, they have succeeded. Still another way of viewing success is based on the definition of success that is determined by the individual. In this definition, the person is considered successful if they are successful at achieving their goals. Many people believe that reaching these goals is really not very important, or even unnecessary, so long as a person is successful. For these people, success means whatever defines success for that particular person. In this way, there is no standard set of definitions for success. Defining success, however, is not always as easy as some of the people make it out to be. The above views are simply a framework for individuals to work within to determine whether or not they are successful. This framework does not necessarily define success, but it does provide individuals with tools to work towards their goals. Success is a highly personal thing, depending on each person’s level of motivation and determination. Individuals who feel that their goals are unattainable may look to define success on their own, but there is nothing wrong with this approach if that is what the individual feels is necessary for them. Continue Reading * * * Uncategorized THE DIFFERENCES BETWEEN SOLE PROPRIETORSHIP AND CORPORATION August 24, 2021 No Comments THE DIFFERENCES BETWEEN SOLE PROPRIETORSHIP AND CORPORATION A business is defined as any type of entity organized for the purpose of conducting commercial, professional, or organizational activities for the benefit of a business, its owners, partners, employees, and customers. A business can be either for-profit or non-for-profit entities that conduct various activities to meet a social objective or further a socially progressive cause. Businesses exist in all areas of life from retail to entertainment, from large established corporations to small Mom and Pop shops. There are countless types of businesses, but all share common elements such as a product or service, a location, and a method of marketing or sales. There are also many ways to classify businesses, but the most common are as follows: A main article refers to the company’s financial records. This includes all income and expenses, shareholders’ equity, and ownership structure. All debts and advances are reflected in the financial statements while reserves are funds available to invest for future needs, which often include plant, equipment, and inventory additions. The main article is frequently used to represent the total amount of profits made or revenue collected by a company, the total number of shareholders, and the ownership stake of each individual. Another type of entity is a general partnership. When a person owns property and has sole or partial control over the property, that person becomes the partnership’s owner. Partnerships can also be categorized as limited liability partnerships (LLCs), general partnerships (GPs), and limited liability companies (LLCs). All of these entities are legally created by incorporating in a state or country that has business law specific to the type of entity being created. A corporation is a separate legal entity. The shareholders of a corporation have the same rights and responsibilities as other shareholders. A corporation must be registered separately from its owners in order to maintain its charter. However, most small businesses are run as a sole proprietorship or a partnership, so they are not required to register as a corporation. Most businesses use a separate business name rather than a business name when they form a corporation. Intellectual property is the term used to describe any material, process, idea, or innovation that an individual or group owns. This includes trademarks, design patents, and copyrights. While some businesses own all of this intangible property, most incorporate in their articles of incorporation a main article explaining what is meant by intellectual property and providing for its ownership. This main article of incorporation may vary depending on the particular types of businesses in question. Limited liability companies are similar to sole proprietorships, but have the advantage of being able to pass their liability and debt responsibilities to another company. An LLC is also commonly known as a ‘pass-through’ business. In general, sole proprietorships and LLCs share the liability and debt characteristics. For these reasons, the majority of entrepreneurs choose to incorporate as a sole proprietorship or a corporation. Continue Reading * * * Uncategorized THE GROWING INFLUENCE OF SOCIAL MEDIA August 23, 2021 No Comments Media are the different communication tools or media used to transmit and store data or information. The word refers generally to components of today’s mass communications media sector, including broadcast media, print media, television, radio, film, photography, online media, book publishing, and the music business. The media can be used for all of these activities, but it is mostly used for transmitting information. But it also encompasses the history of media as well as the process of getting media into a usable form. This article covers the development of media over time and their various forms. The early forms of media were recorded sounds and images from the ancient world. These early forms of media were very different from the media we know today. The ancient systems of media did not include digital technologies and the earliest forms of web media do not include audio and visual in their makeup. These early forms of media had a strong influence on how we think and communicate today. The ancient Greek and Egyptian societies, for instance, produced a considerable body of literature through phonetic writing, pictorial representation, and spectacle. Much of this was recorded in sounds that could be deciphered by experts. While most forms of classical media were largely controlled by the government, broadcast media includes independent productions and broadcasts of events beyond the range of the state or organized media. This includes anything from news broadcasts on radio and television to wire services and audio and video podcasts. This type of media is considered non-traditional since most newspapers, magazines, and broadcast networks are now entirely dependent on the revenue generated from advertisers who pay for space in the newspapers or magazines. While classical and print media is largely dependent on advertisers, digital media is largely independent. Most online publications and companies rely on small independent publishing houses that rely on donations from readers and advertisers to sustain themselves. Some notable digital media outlets include the BBC, Al Jazeera English, and Yahoo! Answers. The rapid growth of social media has posed a new challenge to traditional media. Social media outlets, such as Facebook and Twitter, have become an important tool for individuals and businesses to connect and form alliances. For decades, the newspaper was the primary source of information for most Americans. While the newspaper still accounts for a large percentage of overall print media sales, the decline of the newspaper industry has led to the emergence of magazines, pamphlets, and online journals. In terms of distribution, many news organizations now outsource print and television news to online sources, while smaller publications have also experienced a dramatic decline in profit and circulation. As newspapers and magazines become more expensive, they are viewed less as a vital part of American society and more as commodities that are prone to falling prices because of lack of circulation. Digital publications have capitalized on this tendency to provide a cheap and convenient alternative to newspapers and magazines, while giving readers the same content and experience that they would find in a traditional publication. Although some traditional news sources such as Fox News and CNN have attempted to mimic the appearance and format of digital publications, they have fallen short in terms of both content and distribution. Since these sources often receive little exposure in the media and are rarely read, it is unlikely that any amount of media coverage will push these forms of media into the status of “traditional” sources of news. Continue Reading * * * Uncategorized LEARNING ABOUT MARKETS August 22, 2021 No Comments Markets are a human system of interacting human participants where prices are determined through competition. A market is simply a group of systems, mechanisms, processes, infrastructures or institutions where parties engaged in transaction exchange. Most markets function on the basis of buyers and sellers providing their products or services for value to buyers in return for payment. There may be no government regulation, as well as the ability to intervene in the market mechanism. Markets do not provide opportunities for creating goods and services that people need yet cannot afford. Instead markets allow people to compete for scarce goods and services causing an increase in productivity and reducing the gap between rich and poor. Market can also facilitate trade by regulating the prices of raw materials and facilitating trade in manufactured goods. They also enable entrepreneurs to get credit to fund the start-up and marketing of their enterprise. The word ‘market’ brings to mind the idea of exchange of products and services at an agreed rate. However, markets are much more than just an exchange of commodities. There are four different types of markets namely economic, business, political and international markets. Economic market is the place where buyers and sellers come together to make a purchase of goods and services that neither cancels nor changes hands without any intervention by the other side. The price of the good/services remains fixed and there is no question of one person controlling over the goods and the other. On the other hand, business market involves the process of inter-banking and credit extended by banks between different countries. Business markets ensure that production and sales remain at the level needed to support the level of income and employment in the country. This type of market failure occurs when there are inefficiency, excessive overproduction, inflation, excessive dependence on foreign trade (e.g. overproduction of basic raw materials) or inefficiency in the allocation of resources (e.g. Political markets deal with the buying and selling of power through political transactions, which involve purchases and transactions of a type not dissimilar to markets for durable goods. The essence of political transactions selling goods is that it takes place within a state system and is facilitated by the state machinery. In such cases, goods are usually traded as a form of insurance on the performance of the state machinery, which usually guarantees smooth transactions. International markets refer to the world markets where domestic productions are equal to foreign productions. Such transactions involve buying and selling by entities other than the contracting parties. A broad range of activities involving the production, sale, distribution and marketing of goods take place in the market systems. Production is directed towards meeting the needs and requirements of the users while consumers buy and supply goods to other buyers. Distribution channels include sales by companies to the end users; buyers include individuals, groups and institutions. The nature of the products and services determines the functioning of the markets. Continue Reading * * * Uncategorized SUCCESS – YOUR TRUE DEFINITION August 21, 2021 No Comments Success is basically the state or condition of achieving a set number of agreed upon objectives. It can be viewed as the antithesis of failure. The standards for success are relative to an individual’s perception and can vary significantly from a given observer or belief system. One important way to specify the meaning of success is to look at the definition of what it is to be successful in the first place. To some observers, the definition of success will include the achievement of specific, measurable short-term goals. In this formulation, a goal is considered successful if it is met within the time period that was previously stated by the observer. Short-term goals are easy to meet, and they often provide the only measure of accomplishment for an individual. To some people, success means much more than reaching predetermined goals. This person believes that to be successful, one must not only achieve short-term objectives but must also work toward achieving long-term ones as well. This definition of success differs from the traditional definition of success as obtained by most schools of thought, which focuses on the attainment of objectives or the achievement of certain standards. Another way to define success is to look at the definition as a means to happiness. Success is not just the absence of failure but the presence of accomplishment. Individuals who possess success have an expectation of complete happiness. When they meet their objectives, they experience complete happiness and satisfaction, regardless of whether they met their short-term or long-term goals. The third way to define success is to look at it as a journey. Individuals who achieve success move toward their goals by continually working toward them with enthusiasm and diligence. They are never satisfied with their current position. On each particular journey, individuals learn new things and develop new skills. If they had set short-term and long-term goals, their progress toward these goals would have been much different. All three of these definitions of success are important. It is important to understand the difference between the definitions in order to fully realize your own level of achievement. Each definition of success has its own meaning, and the individual who possesses the achievement will use all three in pursuit of his or her goals. By studying and thinking about your own definition of success, you will be able to understand the path by which you should proceed in pursuing your own happiness and fulfillment. Continue Reading * * * Uncategorized MAIN ARTICLE OF BUSINESS LAW – BUSINESS VS CORPORATE BODY August 20, 2021 No Comments A business is defined according to the law as an entity or organized body commercial activity engaged in by individuals or corporations. Businesses may be either for-profit entities or nonprofit organizations that conduct various activities to meet a social cause or further a particular social agenda. An entrepreneur is one who engages in the business of conducting a business. A corporation is a separate legal entity from its shareholders, which is generally an individual or group of individuals. Business enterprises are also categorized according to the nature of their businesses. There are different types of business enterprises such as retailing, real estate, transportation and communications, manufacturing, services, farming, and banking. Many businesses today have gone online. These businesses have moved from being strictly local enterprises to being global entities with offices and branches throughout the world. These businesses have become very visible to the public due to the internet’s ability to reach millions of consumers across the globe in a short period of time. The internet has also created many businesses that serve as online agents that purchase and sell products and services for other businesses. In United States, the main article of corporate law which deals with businesses is the corporation. It is not surprising to find a corporation throughout the country because it serves many purposes for the state. First, the corporation protects the rights of the shareholders of the business. Second, it creates a working environment that encourages economic growth and development through the utilization of technological advances such as the internet. Corporations are created through a combination of contracts, by-laws, and trusts that outline the responsibilities and privileges of a corporation. The most popular kind of corporation is the public limited liability company. This form of corporation permits the owners of the corporation to maintain limited liability. It does not allow the owners to be held personally responsible for the actions of the corporation unless there is a unanimous decision by three-quarters of the shareholders or members of the corporation. Another main article of corporate law is the income tax. Many small businesses in the United States are limited in the amount of profits they may earn because of high taxation. The IRS administers the income tax system in a methodical and highly organized manner. In order for a business to be able to increase its profits it must pay taxes to the IRS, which is often used to balance out the books of a business. Intellectual property is also a main article of business law. Many large businesses to work with large companies to help them develop new products and services. In order to protect their intellectual property rights they engage in court battles. These battles can be extremely expensive to both sides, so it is often better to settle a dispute between two businesses before it is decided in a court of law. Continue Reading * * * Uncategorized MEDIA RELATIONS FOR A NETWORK COMPANY August 19, 2021 No Comments Media are the communication tools or resources used to transfer and store data or information. The word refers to the mass communications media and related elements of this vast field, including print media, broadcast media, photography, the web, and television. They also include the means of distribution used by the various multimedia producers and distributors, such as radio, television, films, and the printed and electronic news products. It is a mix of many other different types of communication. All forms of media are a part of human communication and have the goal of conveying ideas and information to viewers, readers, subscribers, and listeners. As it has been said, “A newspaper is only a newspaper, but the newspaper can be anything that someone wants it to be.” In the same way, all forms of media can be anything anyone wants them to be. We, as the users of media, are just the ones who decide what media means for us. The term media can be broadly classified in three fields: visual media or visual communication; auditory media or audio communication; and tactile media or tactile communication. Visual media or visual communication includes the visual elements of a medium, like television, films, and visual presentations, as well as the output and input components of those media. Audio media or audio communication refers to the production of sound and music in relation to broadcasting, creating audio material for radio, television, or films. And tactile media refer to the ability to feel things through touch. Media are used in most industries and by almost every person. They are part of daily life and play a crucial role in how we get access to information. A good example of this is the internet, which can be considered a form of visual and audio communication media. Media are important elements in any business because they allow access to the information and facilitate communication between people. It is therefore very important that a firm establishes a strong public relations (PR) strategy in order to build up brand value and distinguish it from its rivals in the market. A PR specialist would first have to analyze the type of media that his company needs. For example, if it is a traditional enterprise, it would need to focus on traditional forms of media like television, radio, and print. Traditional forms of media allow people to know about its existence and reach out to it. The PR specialist should therefore create and manage a set of strategies related to the specific media and digital platforms that the firm uses. He should also set up an online PR strategy that focuses on reaching out to the target audience and providing useful information to them. He should keep the social media channels active and inform people about the firm’s activities and progress, and its plans for the future. Social media provides a great platform to enhance the communication channels and spread the word about a firm and its projects. By far, this is one of the best methods to increase communication between employees and clients and strengthen the networking ties between staff. Continue Reading * * * Uncategorized HOW DO I DEFINE SUCCESS? August 17, 2021 No Comments Success is the condition or state of meeting a given set of goals with measurable timing and ability. It can be viewed as the antithesis of failure. The standard for success can be relative to an individual’s perception or attitude and depends on context. The goals for success could be related to performance in professional settings, at work, or to meet an ideal or goal. In order for an individual to determine if they have achieved success, they must first define what success means to them. The goals for success should be related to the individual’s definition of success, as well as goals that are shared by others. When the individual attempts to define success, there are a variety of factors that may influence how successful they are. Individuals who are very goal-oriented, have high self-confidence, and take responsibility for their own actions may have different experiences than others in regards to success. Some other factors that affect the definition of success to include the level of achievement, scope, impact, results, and feedback from others. Everyone has personal aspirations for personal success, but these aspirations will change over time and in response to the needs and situations around them. Success may also be measured on whether or not the individual was able to meet goals in a timely manner and was able to do so within the constraints of a reasonable budget. Others will define success depending more on the outcomes than the process of achieving those outcomes. It is also possible to measure success based on the level of financial support received, such as the amount of funding received for a specific project. If you set goals for yourself then you may not have an accurate idea of what success means to you. An accurate way to define success is to set measurable goals that you can monitor on a regular basis. Having your goals in front of you can help you stay motivated and also remind you of what your goals are, as well as provide a source of motivation. When you have clearly defined goals, you can also look at past performance to try and achieve similar goals in the future. Achieving a sense of success could mean different things to many people. What one person considers successful could be considered useless by another, even if both are successful. For example, what one person considers successful working with their job is likely to be different to another person who loves to ski. The key to defining what success means for you is to be honest with yourself about what you want and what you are capable of doing. If you think success means different things to you, ask yourself how you feel when you accomplish each of your goals. There is no right or wrong answers to these questions, but if you feel like you have done something that gives you satisfaction, even if it was something that you had thought would be impossible to do before, you may have found your success means different to other people. Just because you think something sounds easy doesn’t mean it is easy for everyone. Success can be defined in many ways for all types of people. Continue Reading * * * Uncategorized SUCCESS – DEVELOPING YOUR EMOTIONAL INTELLIGENCE August 5, 2021 No Comments What is success? How do you define it? Who decides what success means to you? Success is the condition or state of meeting an agreed set of standards. It can also be thought of as the opposite of failure, since failure is something we all experience. The standards for success, however, can vary by context. In business settings, it may refer to a company’s ability to remain competitive. In political endeavors, success can be seen as obtaining certain levels of public approval. Perhaps the greatest way to define success is to ask ourselves what our personal goals are. Success can only exist for us if we choose it, and goals can serve as the starting point for defining that choice. How do we know what our own goals are? How do we become successful? To become successful in any endeavor, there must first be defined what successful means to us. We may come up with a list of qualities we think success implies. For instance, someone who is ambitious and driven might think that being successful means becoming a top employee, or having lots of money. Someone who is talented and skilled in some area might think that their talent will allow them to be a great teacher, or an outstanding boss. Success is a concept, but it is not always easy to define. Sometimes it takes defining our own goals before we can see if we are heading in the right direction. If we know what we hope to gain from working in an organization, it can make it easier to determine what our own goals are. This is because we will have some sort of standard by which we measure our success. Other times, however, it can take vision for us to see what success looks like. We can decide what our goals are, but it can sometimes be difficult to know how we are going to get there. When we are successful, the main goal is not so much about reaching the standard as it is about having a sense of achievement. Having a vision for what better we can do, or a goal that we can reach, makes reaching that goal more possible because it brings the feeling of success back into our lives. Having a vision for our future is key to becoming successful. If you want to be a successful person, you should make sure that you are taking care of your mental toughness and developing your emotional intelligence. This combination will allow you to become a successful person. Continue Reading * * * Uncategorized WHAT IS A LIMITED LIABILITY COMPANY? August 4, 2021 No Comments WHAT IS A LIMITED LIABILITY COMPANY? Business is the activity of earning money or creating or earning a living by creating or buying and selling goods (including services and products). Simply put, in business, it’s “the production of a profit.” Simply put, having a business name by itself doesn’t separate the business entity from its owner, so that person is legally responsible and accountable for debts incurred by the business. The name “business” simply tells others that the person or business undertaking is engaging in a venture, in which the person receives income or otherwise receives money. There are many different types of businesses and some are better than others. An example of a business type is a C corporation, or a limited liability company. In order to qualify for this classification, the C corporation must: have shareholders; have board of directors; meet the minimum requirements outlined in the law; and engage in one or more specified business activities. There are also some state-specific variations on the theme. Business can also include real estate, partnerships, land trust, partnerships in operation, limited liability companies, limited liability partnerships, corporation, partnership, cooperative organization, owned by a corporation, limited liability company, and numerous other variations of business activities. A C corporation has limited liability with respect to its shareholders and owners. In other words, if a shareholder or partner takes a loss, they cannot be held personally liable for the corporation’s losses. It is typically the case that only one shareholder will qualify for this designation, and that person will be typically an individual who is a citizen of the United States. However, in some state governments, corporations and partnerships have been found to be classified as C corporations despite the lack of direct control over those companies’ assets. For these reasons, when you are forming a limited liability company, you should ensure that your state laws allow you to do so. LLCs, or Limited Liability Corporations, are a newer type of corporation that evolved out of the early-morning car lots. Unlike corporations, an LLC does not need to maintain any type of public image or record of accountability. Instead, all of the business conduct that takes place between the day the LLC forms up and the day it ends (or in the case of an LLC, the day that it files its tax returns) is entirely confidential. In short, an LLC is a separate legal entity from its creators. The main advantage to an LLC is that, like a sole proprietorship, there is no requirement for shareholders to meet any formal corporate requirements. Therefore, there is no requirement for the annual general meeting of a corporation. Also, unlike corporations, there is no requirement for stockholder meetings, which provide members of an LLC with the opportunity to come together and discuss important business issues. Also, unlike a corporation, an LLC is not required to file reports with the IRS, as most businesses are. (The very few exceptions are limited liability partnerships and pass-through corporations, both of which operate under slightly different principles.) The advantages and disadvantages of an LLC are very much dependent on the business owners themselves. All businesses must have a sound business strategy in order to thrive. Therefore, if you are considering starting an LLC, you should consult with someone who is very familiar with how to set up an LLC and will be able to assist you in all of your decisions. If you are planning to incorporate an LLC, you should ensure that your lawyer is familiar with the limited liability set-up of an LLC and will advise you accordingly. As with all aspects of starting or using a business, it’s always better to consult with a professional than to make a decision on your own. Continue Reading * * * Uncategorized MEDIA PSYCHOLOGY August 3, 2021 No Comments MEDIA PSYCHOLOGY Media are basically the electronic communication tools or devices used to transfer and store data or information. The word itself refers to the components of this vast mass communication media, including newspaper, television, magazines, radio, films, even publishing, the internet, photographic, video, and publishing. Media also refer to the viewers or audiences of these media – for example, newspaper viewers or television viewers. In addition, media can also refer to the platforms on which these media are presented, and the effect these platforms have on the audience. Throughout most of human communication history, the term media has been used to refer to both communication processes and the means of transmitting the information. Early forms of media included bark pots, stone arrowheads, fire, hooves, sticks, shells, and other tools. In modern times, however, the term media often refers to electronic and technological developments that further developed the methods of human communication. One particular form of media is social media. Social media are those systems and mediums in which people communicate with one another online. Examples include chat rooms, message boards, community websites, social networking sites, Usenet, MySpace, and Yahoo! 360. In a broader sense, social media include all human interaction that happens within a web media system, whether it is limited to two way text-based communication via email, forums, blogs, groups, or photo albums, to real world interactions like group meetings, live events, gaming events, real-time Web conferences, and remote presentations. In earlier years, the dominant medium for human communication was the print media. With increasing prosperity, more people began to rely on radio and television for news and information. As a result, newspaper circulation and TV ratings declined; as a result, the influence of mass media as a major player in society became minimal. The development of social media has, by contrast, dramatically increased the influence of mass media, especially television, on society at large. As a result, media monitoring and regulation are a growing industry. In some countries, particularly the developing world, media regulation is seen as a public good. Media regulation allows citizens to obtain information from media sources, such as radio and television stations, and to be able to obtain access to newspapers and other print media. Media businesses are also subject to governmental controls. The development and proliferation of media have produced numerous changes in communication theory and practice. Changes in the media and communications environment have affected society at large, creating new forms of communication and information dissemination. Media psychology provides a unique perspective on changes in media since the advent of mass media. In fact, media psychology is currently undergoing rapid expansion in order to meet the challenges of an increasingly digitalized and competitive world. Continue Reading * * * Uncategorized AUCTION MARKET DEFINITION – AN OVERVIEW August 2, 2021 No Comments The markets are the places where people and institutions meet to buy, sell, or trade the objects on which they depend. A market is a collective collection of human associations, processes, systems or infrastructures through which various parties engage in commerce. Most markets are based on bartering, which involves exchange between buyers and sellers for money. Although markets vary greatly depending on culture, economy and technology, there are some characteristics of all markets. Markets do not, as economists believe, function on a self-sufficient basis, but they do allow for the effective operation of the economy. Economists define a market as a set of interacting institutions in which goods and services are exchanged as means of production and as an expression of social wealth. In the broadest sense, a market is a place where goods and services can be bought and sold, a transaction in which one party purchases from another, and a third party disposes of the purchased item. Markets, therefore, do not function on a purely logical matter; a market can take on many different forms depending on culture, society, economy and technology. Markets do have underlying assumptions and values, both implied and explicit, and the definition of a market also depends on these assumptions. If the underlying assumptions or values are inaccurate then the definition of a market also will be inaccurate. A market may assume various forms according to culture, society, economy and technology. For example, a market for land may refer to the buying and selling of property, including raw land, construction materials and the legal rights to use and access the land. Another example is the market for goods. The term may apply to the purchasing and selling of specific items like commodities, such as oil, gold, silver, wheat, and other such goods. A market for intellectual property may define the buying and selling of patents, copyrights, designs and other inventions. In the context of the financial markets, the term refers to the process by which traders or companies actually sell or buy physical goods, including bank notes, bonds, shares and equities. It is believed that markets, as they are understood today, did not exist until the eighteenth century, but were widespread and common among European aristocrats during the Industrial Revolution. Later during the nineteenth century, during the First World War, markets became a venue for trade and investment in order to equip European soldiers with armaments. They were also used to exchange currencies during the war. Another important idea about the definition of markets is that they occur between demand and supply, and prices and wages reflect supply and demand. This concept is intimately connected with the modern economic theory of supply and demand and is called the theory of elasticity. This approach has been important in economics since the mid-Keynesian era, and it is the deviation of prices from their initial level in an economy. Elasticity is considered to be a very important feature of markets, because when demand and supply are in equilibrium, price level set points will not change. However, there may be fluctuations on an irregular basis, and the size of the fluctuations and the frequency with which they occur can vary widely according to different economic theories. On the other hand, in the context of the financial markets, the definition of market relates to the buying and selling of securities. Securities in this case are futures contracts for goods, options on currencies, bonds, stocks, derivatives and mortgage obligations. In the real time, all these products are bought and sold at auction market, where buyers and sellers determine the prices of the securities in the open market. The main purpose of the auction market is to allow buyers and sellers to compete for the goods, and determine whether they are going to be able to obtain the securities at a specific price later on. Continue Reading * * * Uncategorized THE TRAITS OF SUCCESS THAT ALL PEOPLE OUGHT TO LEARN August 2, 2021 No Comments THE TRAITS OF SUCCESS THAT ALL PEOPLE OUGHT TO LEARN Success is the satisfaction of being able to meet or exceed a perceived set of personal expectations. It can be thought of as the opposite of Failure. Both are intended to bring about the breaking of an effect, or the undoing of what was achieved. The standards for success are relative to an individual’s expectations and depend upon the observers or belief system. But whatever they are, expectations for success are universal. In order to define success, we have to consider what it really is. Success is deemed successful when there is a successful outcome with minimal effort and successful consequences (that is to say, paying the price you bargained for). How can this be measured? What makes something successful is not just the achievement itself but the successful putting of that effect into the world. What makes a person successful may differ from what others would see as wise or good, but there must surely be some common thread. When we talk about success, we talk in terms of personal satisfaction or attainment of goals. Personal goals refer to those ends (like wealth or career) which we deem more worthy than any means (like learning or working harder). Achieving these goals may require not only strong willpower but also the ability to work with others towards the achievement of these goals. This also brings up the question of what it takes to be successful as opposed to a regular job. According to the so-called growth mindset, those who are succeeding today are those who adopt the right attitudes, take time to develop personal skills, learn new things, take time to get involved with people and issues outside the workplace. Successful people are more likely to acquire financial freedom, build meaningful relationships, get their education, take time off from their jobs to pursue hobbies and volunteer activities. People who are successful are emotionally intelligent, have high moral standards and are able to accept change. These traits do not necessarily take time to develop, but they do require commitment, creativity and the willingness to take the steps needed to achieve them. Being successful is more about attitude and character than it is about skill, intelligence or raw talent. It therefore makes sense that successful people possess the qualities of being optimistic, have positive thinking patterns, are flexible, can recognize opportunity and are able to manage flexibility, complexity and uncertainty. More importantly, success requires mental toughness, because although a person who is successful has these qualities, in order to be successful they must apply these qualities on a day-to-day basis. In addition, one must also learn how to overcome obstacles such as doubt and fear, along with the other challenges that constantly come our way in the world. In addition, you must also take time to cultivate personal skills like creativity, interpersonal skills and problem-solving abilities. In conclusion, we can say that personal characteristics that define success are mental toughness, adaptability, creativity, flexibility, determination, intuition, resilience and optimism. This doesn’t mean that one is born with these traits, but by working on them throughout their lives and engaging in consistent practice they become more powerful and thus more likely to experience success. By applying these traits consistently and vigorously we will discover that we will become more successful. Finally, it is important to realize that while these traits are important they are not the ultimate criteria for success. As John Gottman states “If you want to succeed, put half of what you think you are good at right now somewhere in the back of your mind and use the rest of what you think you’re good at, but never stop trying to improve yourself”. Continue Reading * * * Uncategorized TYPES OF SMALL BUSINESS July 31, 2021 No Comments TYPES OF SMALL BUSINESS The basic definition of a business is a commercial entity or organization operating for the profit of its owners. Businesses may be either for-profit or non-for-profit entities that conduct business to meet a specific social objective or further a charitable cause. A business may be run by one individual or by many, and the owner may be an individual, an institution, public or private. A business can consist of any number of activities. They can include manufacturing, processing, trade, marketing, distribution, information services, professional services, or nonprofit associations. Within the various types of business activities, there may be separate positions like managers, employees, consultants, and supervisors. The term “branch” is applied to a company that branches out into several different divisions. A branch is separate from a plant or division of a manufacturing concern, and it generally refers to a geographic location. For instance, a manufacturing concern may branch out into several areas with different names such as office buildings, stores, sales outlets, parts factories, or assembly lines. There are two types of businesses: sole proprietorship and partnership. A sole proprietor is a single entity, such as a corporation or sole proprietorship, that produces, manufactures, distributes, or markets only its own products or services. Partnerships are groups of related enterprises forming a limited liability partnership. Examples of partnerships include cooperative businesses, joint venture businesses, employment practices partnerships, investment clubs, and owner-employee associations. The most famous example of a partnership is that of Apple and Jobs, the companies that created the personal computer and the worldwide iTunes store. sole proprietorships have no constraints on the number of partners they can have. In addition, there is no requirement for shareholders. Under the sole proprietorship system, all profits are passed down solely to the owners. The best part about sole proprietorship business is that there is no need for employees, because everything is controlled by the owners. But unlike other businesses, the profits of sole proprietorships are subject to corporate taxation. Furthermore, there is also no requirement for establishing fixed working hours and working procedures in a sole proprietorship business. On the other hand, a limited liability company or MLM is a set of interrelated or self-contained organizations, which have an established operational relationship with each other and a board of directors. As in a sole proprietorship, the profits from the business are subject to corporate taxation. Furthermore, unlike a sole proprietorship, in a MLM, the profits pass down to the members of the organization. Unlike a corporation, there is no requirement for fixed working hours, no need for annual general meetings, and no need for board of directors meetings. Small businesses are separated into many different categories depending on their nature and structure. Some examples of these categories are retail sales, professional services, professional financial companies, partnerships, and limited liability companies. In the US, sole proprietor and limited liability companies are the most common business types. However, there are other types of small businesses existing in the US. Some examples of these types of businesses are partnerships, bakeries, and non-profits. Continue Reading * * * Uncategorized THE EFFECTIVENESS OF SOCIAL MEDIA IN CREATING PUBLIC GOOD OUTCOMES FOR BUSINESSES July 30, 2021 No Comments Media are basically the communication tools or resources utilized to store and transmit data or information. The word actually refers to diverse components of this vast mass media communications field, including television, radio, publishing, film, photography, theater, advertising, telecommunication, music, and visual arts. These mediums of communication tend to overlap one another in their forms of expression and distribution, but each one also has particular characteristics of its own. In essence, media are the vehicles utilized to deliver a message to the masses. Today’s major mediums of mass communication are increasingly influencing the agendas of societies, with the goal of changing societal norms and structures. Media influence is evident in all facets of today’s society, including politics, economics, education, health care, technology, entertainment, and social issues. Media is an important part of any society, since they provide access to diverse forms of information. They also allow the widest possible sharing of ideas and opinions on any topic, which is why they are often utilized to disseminate information and promote specific societal agendas. Media also have high selectivity in terms of content and audience reach. However, they have significant disadvantages when it comes to distribution. They offer limited choices in terms of content, since most newspapers and televisions are controlled by large companies with deep pockets. Media companies also exert tremendous pressure on newspapers and television stations, to conform to their specific business objectives. When it comes to print media however, there is generally little opposition to high selectivity and low cost, but when it comes to Internet media high selectivity and low cost can also be disadvantages. Print Media includes both online print publications and regular newspapers, magazines, and books. It is predominantly available in major cities and industrial hubs, though it can also be found outside major cities in college and university libraries, bookshops, radio stations, and other venues. Print media has low costs and high selectivity compared to digital media. It was developed as a means to disseminate news and information and as such it tends to focus on core topics of interest to the reader or viewer such as current events, sports, politics, education, entertainment, and more. Digital Media refers to the audio and video that circulate throughout the Internet, while Internet video conferencing or live video streaming is referred to as multimedia. This includes the use of web cameras such as point-and-shoot or cell phones, to film or photograph anything that could possibly be relevant to the subject matter or content of the publication. There are two major categories of digital media including free and paid, although there exists a third category that is combining both the free and paid types of media. Free media is mostly distributed by local newspapers, while paid media are mostly distributed by conglomerates such as Disney, Viacom, 20th Century Fox, Time Warner, and the Walt Disney Company. The goals of this new form of mass communication are to inform, to be informed, to express an opinion, to disseminate information, and to communicate information. While these goals are not always met there is still a general good out of it. People tend to be more likely to read something that they know has been well written and has well researched facts, rather than an article with a lot of fluff and garbage thrown in. As a result of all the ways that people use this medium of mass communication it is important that the content of the medium reaches as many individuals as possible. For this reason, experts have advised that new methods of getting the general public relations for a company to be considered. Continue Reading * * * Uncategorized WHAT ARE THE CHARACTERISTICS OF MARKETS? July 30, 2021 No Comments Markets are important for human societies. It is where individuals and groups meet to purchase, sell, buy, or trade something. Markets are the places where people meet to make transactions and it is known as a marketplace. A market is a collection of processes, institutions, systems, infrastructures or bodies through which individuals and groups interact in trade. Most markets rely on established sellers offering their products or services for sale to potential buyers at payment for cash. These markets provide a venue for informal negotiations and transactions among individuals and groups. Markets are a place where people come together to buy and sell goods or services. There are two kinds of markets: primary markets, in which goods and services are bought and sold from established providers at prices determined by supply and demand, and secondary markets, in which goods and services are bought and sold from those who are not established providers but who wish to take advantage of the increased competition. Both primary and secondary markets are characterized by the existence of a set of marketable commodities or products. Primary markets may refer to agricultural produce, goods manufactured and traded in quantities, precious metals, electricity, gas, and water. Secondary markets may refer to financial securities, money, personal property, franchises, and inventories. The existence of markets is supported by five factors. First, markets allow for the spontaneous order of supply and demand. When producers and consumers in a market reach a consensus on the price at which they will buy or sell a good, there is no need for a government intervention to maintain the price level or to guarantee the supply. Instead, markets help provide the means through which goods and services are supplied and marketed to consumers. Second, the prices that are determined in the marketplaces are always given in terms of units. Units of production include both the total volume of goods being produced and the total number of units that are required to make the product. In a pure market system, goods are produced in quantities sufficient to meet consumer demand, with the excess going to the producers of raw materials, fuel, and other large-scale business assets. In addition, goods are usually allowed to fall in value, which allows consumers to take advantage of economies of scale. However, when production and consumption are controlled by forces beyond the control of consumers and producers of raw materials and fuel, the results are market-induced changes in the prices of these goods and services. Third, buyers and sellers in markets often have an incentive to behave in ways that benefit them. This is because the price of goods and services that sellers offer to their customers are a function of the cost of resources that they have to pay for the production of those goods and services. It is important to remember that although some sellers and buyers will engage in wasteful practices in markets, the costs and transfers of wealth are generally small compared to the gains from such practices. Market behavior in nature occurs over time as natural selection acts to solve the problem of the allocation of scarce resources. Market processes take place in real time with prices tending to be set by the circumstances that surround the markets. These processes occur on a long-term basis and are usually a long term trend. Thus, we do not find price ceilings or minimum pricing above which the supply cannot exceed demand. Continue Reading * * * Uncategorized SUCCESS DEFINED July 28, 2021 No Comments What is success? To answer this question you need to understand what success really is. Success is the state of meeting an agreed upon set of expectations by a certain number of individuals. It can also be defined as the opposite of failure, i.e. failure being the opposite of success. The standards of success can be personal, i.e. a person with the skills and resources to be successful may set high standards of what success means to them, they may set high standards of what successful people will do for them. The standards for success can be relative to a given culture or perspective, and can vary tremendously from person to person. In business this is called learning agility. Success is about setting goals and achieving those goals. How you define success then depends upon your goals. For example, if the purpose of your organization is to set up an IT department, it would be important to define success in terms of staff skills, technological competence, productivity, and so forth. This is a very positive impact on employees, but these things cannot be measured in a number of measurable units. The goal of an organization then becomes clear – you want your staff to work productively, which requires staff to have the skills, knowledge and capabilities that are needed to perform their job in the best possible manner. A more interesting way of looking at success is to look at how you feel when you do succeed. If you do a good job, whether you succeed financially or socially, or both, that can certainly have an impact on your sense of achievement. Success may mean you have reached a level of financial security, it may mean you have reached a certain level of competence in your field, or it could mean you have been successful in setting and achieving goals. These factors can all have a profound impact on your life, your thoughts and your feelings. One of the most powerful ways to understand success is to learn about your “soft skills.” Emotionally intelligent people know and recognize what makes them feel happy or satisfied. They also have an understanding of the things that bring others joy, and they are good at choosing careers that make them happy. A successful person has many soft skills, but it’s also true that successful people have some hard skills as well. They face challenges on a daily basis and they are able to rise above those challenges to reach their goals. When you look at what successful people do, you’ll find they apply the knowledge they’ve learned over their lifetime to their lives and their careers. In conclusion, success is about much more than earning a salary or a promotion. It’s about setting goals, reaching those goals, having a sense of achievement, developing and maintaining positive relationships with those whom you love, managing stress, creating opportunities, and having a sense of satisfaction. Those are all important, and they all add up to create a successful life for you. The more knowledge you have about success, the more you’ll realize that you can take charge of your own life and make your own luck. That is what defines success! Continue Reading * * * Uncategorized WHAT IS A BUSINESS? July 27, 2021 No Comments A business is usually defined as any entity or organization engaged in commercial, corporate, or professional activity for profit. Companies may be either for-profit or non-profitable entities that conduct business to meet a social or charitable objective or further a personal purpose. For example, a restaurant may be both a for profit operation and a non-for profit membership organization. In either case, the business establishes a unique relationship with customers. For-Profit Organisations: Many people are starting new businesses every day. Many of these businesses are being run by other people who wish to share in the business’s profits. For example, restaurant owners may open restaurants within existing restaurants, or work through a franchise system. Other types of businesses may receive support from a number of different groups to ensure a consistent revenue stream. Examples of some of these groups include: schools, hospitals, communities, sports teams, nonprofit organizations, the government, and corporations. Non-Profit Organisations: Similar to for-profit businesses, non-profit organisations are also in need of funding to sustain their operations. Unlike for-profits, however, non-profits do not have a specific social need to exist. Instead, most of them exist to fulfil a societal need. Examples of this type of organization include: soup kitchens, hospitals, charities, and churches. Private Non-Profit Corporations: Unlike for-profit corporations, businesses can operate in the same manner as a non-Profit organization, provided that they meet the requirements laid out by the Canadian Presence Act. The Canadian Presence Act states that individuals operating non-profitable corporations must register and obtain a certificate of Registration of Non-Profit Organization. This certification allows businesses to apply for grants from the Canadian Government. Businesses must also demonstrate their ability to effectively promote Canadian culture and participate in community events. Examples of these activities include: sponsorship of events such as musical festivals, art exhibitions, and film festivals. Sole proprietorship: A sole proprietorship is often used when a business and only one owner exist. Examples of sole proprietorships are: partnerships, corporations, partnerships, limited liability partnerships and sole proprietor rental companies. Similar to the corporation, each sole proprietorship must have its own legal entity. However, unlike a corporation, a sole proprietorship does not have to register its ownership or make annual reports to the Office of the Superintendent of Companies (OSC). Instead, the shareholders of a sole proprietorship will make all decisions related to the company. Type of Business: For small businesses that generate little to no profits, the best option is a C corporation. These are corporations that are registered as private companies and have limited liability. Although they have limited liability, unlike partnerships and sole proprietorships, they still have to make a profit. For instance, a C corporation may be able to deduct a portion of their income tax from their corporate profit. On the other hand, a partnership would be taxed as a personal transaction, so the profit would be taxed separately. Continue Reading * * * Uncategorized INTRODUCTION TO MARKETS July 25, 2021 No Comments Markets are places where people come together to buy and sell things. The buying and selling of commodities take place under the market concept. A market is a collection of human associations, processes, systems, infrastructures or financial mechanisms through which individuals or groups of people engage in a transaction. Most markets, though, depend on buyers providing their commodities or services in return for payment, while others may be based on sellers only offering their commodities or services to potential buyers in return for money. Markets are a system of interaction that is characterized by the ability to sell or buy a specific commodity at a price. This article is an attempt to define markets and their effect on society. Markets, as defined by the Merriam Webster’s dictionary, are “a market, a place, or instances in which things are bought and sold for a definite purpose”. Markets may be local, regional or global, and they provide a venue for economic activity to occur. In its most basic form, a market facilitates trade by allowing buyers and sellers to exchange commodities or services for a price. In a more complicated form, a market takes the form of a machine, like the internal combustion engine, that allows products to be moved from one location to another. Markets are important because they allow individuals and organizations to connect with one another. Through markets, people are enabled to exchange and buy goods or services so that they can meet their needs. Without markets, people would have no means to meet their needs and that would lead to a reduction in living standards and an increase in poverty levels. Markets also provide the means for competition to occur. Competition leads to improvements in quality and quantity of goods and this results in a growing market economy, with both consumers and producers benefiting from increased production. A few examples include markets in agriculture, construction, automobiles, transportation equipment, household goods, consumer goods, education, health care, energy, financial markets, health sciences, human resources, insurance, household goods, hospitality, jewelry, sports goods, toys, wheat and barley. The basic idea behind all these examples is that individuals have the ability to exchange and purchase goods and services, which lead to both profits for consumers and income opportunities for producers. However, markets operate in different forms at different times. At a pre-industrial time, production of many goods took place in a controlled environment. Production usually depended on the availability of raw materials and human capital (skill, knowledge, and money). With industrialization, increased capital and labor were introduced that made large-scale production possible. Many examples include the retail market. In a retail market, consumers purchase the goods and then sell them to other consumers. Businesses operate between consumers and producers as a third party, selling goods to consumers and collecting payments from businesses for goods sold. Examples include supermarkets, retail stores, franchises, mall stores, video game stores, restaurants, department stores, hotels, motels, and bars. Markets function for the benefit of buyers and sellers and never serve the public. While markets may sometimes cause winners and losers, markets generally reward people who make the most efficient use of resources and those who can best locate and deliver the final product or service to customers. While markets provide a forum for competitive pressures, they are not without constraints. Continue Reading * * * Uncategorized SUCCESS IS NO SOMETHING ELSE July 24, 2021 No Comments Success is the attainment of a set of goals or targets. These targets are often in some sense measurable, although not necessarily in exact measurements. Successful people tend to have a certain vision of what they want to achieve in terms of their careers, family life, and overall life. They then pursue a course of action to meet these aims or target. This course of action is called success. Success is also the condition or state of achieving a given set of expectations. It can be thought of as the opposite of failure, which is nothing less than the failure to reach a goal that has been set. So, the criterion for success can be relative to an individual’s perception or attitude. If one wants to be successful at work, one might suppose that being successful at work would mean making enough money to live well, or at least have enough money to have decent accommodation and food. However, this is only one point of view, and there are many more perspectives on what constitutes success. Success can also be defined in different ways. It can be seen as the absence of failure, as the absence of pain and suffering, as having material possessions that one cannot imagine not having, and as having great social status. In fact, the definition of success has become so specific and narrow that it is almost meaningless. Thus, there are many books and websites that offer advice about how to be successful, each focused on a different aspect of success. Most successful people agree on three things: the pursuit of happiness, the enjoyment of life, and helping others to reach their potential. Achieving these goals means that the person is aware of what she or he wants to achieve, has clearly defined goals, and takes the initiative to take the necessary steps to attain those goals. Most successful people are motivated by the fulfillment of their goals and believe that every day is a day to improve upon themselves, to grow closer to their dreams, to learn more and to accomplish more. Achieving these kinds of goals requires diligence, consistency, persistence, and sometimes, a bit of luck (although most people who set out to be successful have a lot of “good luck” and are never bothered if it doesn’t work out). Successful people have a variety of goals and often pursue different things at the same time. For instance, some people may want to be famous and successful, while another may want to help people achieve happiness and freedom. Others may set out to climb the corporate ladder, with the thought that they will one day be able to buy a home and a big family. Others may have financial goals and be looking for ways to earn enough money to both pay off their debts and have enough left over to save for a down payment on a house. Yet others may have more specific goals like starting their own business, travelling the world, helping others to travel, being an entrepreneur, etc. And just as many people have a variety of goals and aspirations, so does the person who has attained the goal that they are working toward. When you start a goal, whether it’s to lose weight or to be a millionaire, you don’t start it because you think that it has to become something else. You start it because you have a burning desire to be successful. And there is nothing else in life that motivates you more than having the satisfaction of knowing that you have made a difference and that you have helped someone else achieve something that they had been wanting to do but simply could not succeed at on their own. Success is not something else, it is you. Continue Reading * * * Uncategorized BUSINESS BASICS – OPERATING A SUCCESSFUL SMALL BUSINESS July 23, 2021 No Comments The “store front” is where customers come to see what is being sold, and often make their first purchase. That is why we want to design a store that creates a great first impression. We want customers to be greeted by clean, orderly, comfortable stores. Our goal is to create an atmosphere that will make people want to visit our stores again. Here are a few things to consider as you create the layout of your store: Stock Exchange Location: You want to place your main article in a location that allows you to attract many potential shareholders. Many of our larger customers, such as businesses and corporations, are located in high traffic areas of town. Choose an area where there are multiple parking lots, shopping centers, restaurants, public transportation and other potential investors. Public markets can also be great locations for investors who are new to the stock market and would like to get first hand experience. Intellectual Property: Protect your main article from any damages that may be brought against it by competitors. Intellectual property is considered a commodity like something that we can buy and sell. There are two main reasons why businesses create intellectual property. One reason is to protect their valuable brands and logos from being copied by another company, and two reasons are to generate income and attract new customers. Private companies that own large amounts of intangible assets may use them to protect themselves against the losses that may result from lawsuits. Capitalization: A company should have enough capital to support its operations, including its advertising, products, and employee payroll. All of these things have a direct effect on the amount of profits the business produces. The capitalization of a business is determined by how much money shareholders are willing to give the company based on its performance. For most businesses, the more capital they have means the more profits they will make. Limited Liability Company: Form a limited liability company in order to avoid lawsuits against your business. You can form one of these businesses either as a general partnership a joint partnership, a corporation, an LLC, or a sole proprietorship. When you form one of these businesses you don’t have to pay tax on the profits. You only pay taxes when you receive any type of profit from the business. S-corp Vs S-per cent: Many small businesses do not want to invest their money into assets that won’t increase their cash flow, which is why most start up corporations are required to issue equity to their investors as a method of borrowing funds. An S-corp has different risks because it has limited liability. When an S-corp is formed there are usually shareholders that own more than 50% of the entity, which limits their liability. However, they have the advantage of being able to obtain lower interest rates because of their larger capital. Continue Reading * * * Uncategorized THE DISADVANTAGES OF MASS MEDIA July 22, 2021 No Comments Media are basically the communication tools or means utilized to deliver and store data or information. The word also denotes elements of the multimedia mass communications media industry, including print media, broadcasting, the television, film, photography, publishing, video, and radio. The various media forms are categorized by the methods of delivery as: linear (or time-based), digital, hybrid/analog, interactive, and non-interactive. Although there are several different kinds of media, they have a number of common features and drawbacks. Print media is a great medium for magazines, books, newspapers, and other written materials. Media are often used for mass distribution of information and entertainment such as in radio and TV advertisements and films. Print media are expensive to produce; they are also limited by their delivery speeds and vulnerability to various forms of degradation. Media also include broadcast media, which includes televisions, radio, films, and magazines. Print media has some obvious disadvantages when it comes to transmitting or printing information, most obviously in the case of newspapers. In the case of radio or television programs, noise can dominate a transmission signal which makes listening difficult or even impossible. In publications, print media are vulnerable to fading, yellowing, and smudging because of excessive handling of the paper or ink used. As more media industries consolidate, their content is increasingly being targeted at specific audiences. Television and radio advertisements, for example, are targeted at specific demographics. Print media is not targeted in this way. Advertisements for movie theaters, restaurants, banks, clothing stores, chains of hotels, and so on are designed to appeal to a broader audience. Because of this, print media experience a much higher level of patronage, far higher than their online and telecommunication counterparts. One of the most important disadvantages of mass media is its very high selectivity. When selecting an ad message, advertisers can easily control the message that will be presented to recipients. Advertisers do not have to compete with thousands of other companies or advertisements for a particular viewer. They also do not have the opportunity to determine the outcome of a story based on whether or not it appeals to a particular demographic. In contrast, print media provides the opportunity for social media users to become informed about specific topics by reading other people’s opinions. The most common mediums of mass communication are newspapers, magazines, radio, and television. Because these media tend to cater to a specific geographic location and ethnic group, they offer a diverse reading base. This allows users from different locations and ethnicities to combine their individual observations about a given topic in an accurate and concise manner. Continue Reading * * * Uncategorized WHAT ARE THE MARKETS? July 21, 2021 No Comments WHAT ARE THE MARKETS? A market is a group of systems, processes, institutions, infrastructures or relationships through which parties exchange goods and services for payment. While traditional markets relied on buyers offering their products or services in exchange for payment, many modern markets rely primarily on producers offering their products or services in return for monetary payment. This form of market structure is referred to as a market economy. The term “market” can also be applied to the human interaction that occurs within a market. In a market system, people come together to pursue a common goal, such as purchasing the goods or services that they need to survive, and then they act in concert to achieve that common goal. Markets do not, however, facilitate trade between countries or among individuals; rather, markets serve as venues through which goods and services are exchanged. To put it differently, there is no physical movement of goods from one place to another, nor is there any exchange of currencies. This makes the concept of the market obsolete in some regards because it precludes markets from serving as mechanisms for realizing goods and services. In the modern era, markets have grown increasingly important because they have been used as redistributive mechanisms. Because the distribution of goods and services is done at the state level, often with great success, markets also play a vital role in redistribute wealth. For instance, in some parts of the United States, public goods such as schools have been supplied through markets that effectively channeled taxes to private sectors via the payment of taxes to the government. Although market failure can reduce the quality of life and opportunity for some, it has been an essential component of economic growth and development for all economies. One example of how markets help the economy is in the area of financial markets. Financial markets refer to those areas in which products and services are traded, including stocks, bonds, derivatives, exchange-traded funds (ETFs) and more. Financial markets also include nonfinancial markets such as insurance, merchant banking, and other services that allow participants to trade. In its most basic form, financial markets enable individuals and institutions to borrow money from each other in return for goods or services that are then traded back and forth between buyers and sellers. Some of the processes that take place in financial markets include: borrowing to finance the acquisition of goods and services; selling goods and services to earn profits; and buying goods and services and then reselling them to generate income. Although markets provide a way for buyers and sellers to connect with each other, they do not dictate the production or demand of goods and services. Instead, these interactions occur as a result of the dynamics of demand and supply. This is because producers and consumers come into contact with one another in the course of the production process, and depending upon the nature of the transaction, the buyer and seller may make decisions that effect the production and demand of goods and services. Unlike goods and services, however, there are no physical locations where transactions selling goods and services take place. Instead, markets provide for the movement of goods through a network of independent suppliers. Market makers serve as the link between buyers and sellers, but it is the demand and supply forces at work in the market that determine how much a particular good or service is produced and how it is marketed and sold. Ultimately, markets may have a significant effect on economic growth and the direction of the nation. Continue Reading * * * Uncategorized SUCCESS – THE DEFINITION AND FACTS July 20, 2021 No Comments SUCCESS – THE DEFINITION AND FACTS For some people, success means living life at its best. Others define success as achieving great levels of financial achievement, or personal magnetism. For many people, however, success has a much more concrete meaning. Success is that which inspires us to do great things. For others, success could mean being chosen as one of the people who make important decisions. Success is often the result of reaching some defined number of goals. It can also be seen as the opposite of failure, in the sense that failure should not be an option if one is to succeed. The standards for success are dependent upon a given observer or concept, and can be subjective to a certain observer or concept. When assessing whether one has reached these goals, the standard for success becomes the standard against which the achievements are measured. In order to understand how to define success, it becomes essential to understand what success really is. For most people, success is about being successful. This definition excludes aspects such as happiness, which some consider to be a better indicator of personal success. Success, in the eyes of the average person, includes such elements as: becoming successful in one’s career, being financially secure, and living a life that is full of success experiences. Successful people tend to have a blend of three aspects: mental toughness, physical strength, and emotional intelligence. Mental toughness refers to one’s ability to endure the stresses of life, and the ability to remain calm under pressure. Physically, successful people are capable of doing their jobs with minimal use of their physical abilities. And finally, emotionally intelligent people are able to deal effectively with high amounts of stress, using their minds and emotions appropriately to handle these situations. Successful people have all three qualities present in equal measures, and are thus considered to be extremely successful. So, just what are these traits that define success? The answers to this question will vary greatly from person to person. What may work for one person may not even work for another. What is most essential is that you find out what really works for you and then use those personal traits to become successful in your field. For instance, if you have a strong sense of personal responsibility and perseverance, you may find that these personal traits are important to becoming successful in a management position. To fully define success, it becomes essential to decide what your individual goals are. Goals can be as broad as: To earn a large salary, or as specific as: To become the president of a local business. It is essential to set achievable goals, because otherwise, you may get discouraged and give up before you ever achieve your goals. Success is never accomplished without setting goals. Without goals, your success is nothing more than wishful thinking. But with goals, you can pursue a life of success, instead of just wishing for success. Continue Reading * * * Uncategorized BUSINESS MODEL EXAMPLES TO DETERMINE WHICH BUSINESS MODELS MAKE MONEY July 19, 2021 No Comments BUSINESS MODEL EXAMPLES TO DETERMINE WHICH BUSINESS MODELS MAKE MONEY A business is defined as any organization or venture, whether for profit or non-profitable entity that conducts commercial, administrative, social, or economic activities. Business enterprises may be either for-profit or non-profitable entities that conduct primarily to meet a social need or further a particular social cause. Any business not organized for profit is called a service industry. In most countries, all businesses, regardless of type and size are subject to government regulation. There are many ways of categorizing businesses, although the most common is through the method used by economists to classify enterprises. According to this method, a business is either a profit-making enterprise or a non-profit entity that does not earn profits. The profits made by the business are then channeled to meeting the social objectives it has been set up to perform. Usually, the business must generate and maintain revenues in order to meet its social objectives; otherwise, the owner could be deemed not to be conducting a profit-making venture and therefore not be entitled to profits. In certain countries and corporate structures, sole proprietor is the term used to describe the business model that most major businesses follow. This model is referred to as the business strategy of the first public offering (BOP), which basically allows a company to come forward with its products and services to the public without necessarily laying out a series of extensive marketing strategies. Initially, the business establishes itself in the local market and then expands to other locations by resorting to different forms of advertisement. Every business has to set aside funds to cover advertising costs as well as create sufficient profit to support itself. A company could also sell its merchandise and services to customers directly and rely on its own sales force rather than engaging other firms to do the marketing for it. There are several different types of business models that have been used by different types of businesses for ages. The most successful among them are the business models that have been proven to make money consistently over time. A number of companies offer a service or a product that could be replicated to create a home-based business. For instance, if a person wanted to start a pet grooming business, he or she would need to acquire a pet grooming business license. Pet grooming businesses usually have their own grooming salon or a facility that caters to pets. There are other types of business models that provide guaranteed profits, but these are more difficult to achieve. The companies like the ones mentioned above conduct transactions on a daily basis. These transactions need to generate an adequate amount of profit for the owner or owners of the company. Therefore, these companies like to have a steady cash flow from their activities. They are also able to pay their monthly obligations as agreed to in their agreement because they have a steady influx of income. There are many other types of business models that can make money and it is up to the interested individual to determine which type is the right one for his or her business. All he or she has to do is find a qualified accountant or an attorney to help with the formation of the business and make sure that the business plan complies with the law. There are also services that can be offered to the general public in order to help them start their own business. These services can be offered at a reasonable cost to help people get started. Continue Reading * * * Uncategorized DIFFERENT TYPES OF MEDIA July 18, 2021 No Comments Media are the physical communication tools or means utilized to transmit and store data or information. The word refers to different units of the mass communication communications system, including the print media, broadcasting, newspapers, magazines, television, photographic, video, and theater media. The word “media” could also refer to any form of expression that conveys messages, such as books, music, films, and other visual materials. Newspapers have been in existence for many years and they are perhaps the oldest and most well-known form of media. They are popular both as publications for the general public and commercial presses that produce newspapers for a particular business. Some newspapers are primarily for the business community to provide the news to members of the establishment. While others are periodicals that are published before the week ends. They can be read any time throughout the week and some are even sent to vacation homes to keep residents informed about local events. Another type of newspaper is the broadsheet or broad circulation news media. These papers are mainly used by the public to obtain information about local, national, and world news. These types of publications are not normally color magazines or books, but rather newspapers distributed widely throughout the world by various publishing houses. They are usually published weekly and feature news, articles, and editorials on everything from new products and services to serious issues concerning politics and social services. Because of their broad distribution, they are often seen as an important influence in the international news media. Another major type of media are the different media like radio, TV, film, and the Internet. They allow the audience to interact with the media by broadcasting, displaying the media through the visual display, or by listening to it. Different media provide the audience with a variety of options and allow them to determine what they find interesting and what they need to know more about. Because of this, the impact of the media is seen as a key factor in public relations, social media marketing, and the distribution of news media. Print media like newspapers and magazines have a great influence on how people see companies and individuals. For this reason, they are the most commonly used medium of mass communication. Unlike web media which can be quickly and easily disseminated, print media require intensive planning and promotion. Print media also have longer life spans than web media. People tend to buy newspapers or magazines for at least a year or two before deciding to buy web media. There are also different types of media that fall under a single publication category such as radio, television, and films. The most dominant broadcast form is radio, which is available all over the world. Most Americans are familiar with the concept of television because of popular television shows like “Famous Five” and “The Grey’s Anatomy.” Most Americans do not realize that there is a different type of television produced in different countries all over the world. Continue Reading * * * Uncategorized TYPES OF MARKETS July 17, 2021 No Comments TYPES OF MARKETS Markets are places where goods and services are exchanged. A market is typically a combination of institutions, processes, systems or infrastructures through which parties engage in a transaction. Most markets, though, depend on buyers accepting goods and/or services in return for cash by bartering, while other markets rely on suppliers offering their products or services in return for payment. In the traditional market system, the market size determines how much a buyer is willing to pay for a good. The larger the market size, the more buyers there are who are willing to trade goods and services. This implies that, in the presence of larger markets, prices of goods tend to be more stable and so they provide consumers with higher quality goods at lower prices. The size of a market also determines how many suppliers there are in the form of banks and other financial institutions as well as how many buyers are there for those goods. Large-scale markets, though, provide the opposite effect. They tend to be highly unstable because their size creates barriers for potential purchases and they also provide opportunities for sellers to take advantage of unresponsive buyers. The result is that goods tend to be bought and sold at below-market prices. This is why goods in auctions tend to sell at very high prices: buyers are usually desperate to obtain the goods on the auction block, while sellers have no incentive to offer below-market prices because the sale of goods in auctions would bankrupt them. Another important factor that determines the price of a good lies in the psychology of buyers and sellers. It is the psychology of the seller that determines the price of a good. If sellers feel confident that they can get away with undercharging the price of their good, they will usually do just that. Conversely, if sellers feel that buyers are prepared to pay the full price, sellers will usually do everything possible within their power to prevent this from happening. In most cases, the only way for sellers to prevent a buyer from paying more than the agreed upon amount is for them to force the buyer to buy goods that are of greater quality or to make the goods difficult to produce. However, if sellers feel that the potential buyer has the legal right to demand what is needed, then the seller may resort to all sorts of tactics in order to discourage the buyer from buying his goods. The final type of market – the physical markets – reflect the nature of the buyer. Physical markets are places where buyers and sellers come together in the presence of money so that they can physically transfer money from one hand to another. Some physical markets exist on a strictly cash basis, while others are not based on cash at all. In the non-cash physical markets, buyers and sellers meet in order to determine the value of the goods that they have. Goods sold in physical markets are usually accompanied by a certificate of deposit (CD) and a receipt for payment. The four types of markets that we have discussed in this article provide buyers and sellers with a framework through which to conceptualize and organize their interactions in the market place. By taking an economic approach, these examples provide buyers and sellers with a starting point from which to examine the nature of the exchanges that take place in their local markets. Through the use of this framework, buyers and sellers become more aware of the parameters under which they should enter into transactions and the means through which they can alter those transactions in order to gain more profit. By taking an economic approach, we also help people think more clearly about the roles that government intervention can play in making markets work better and more efficiently. By examining more closely the nature of the four types of markets, we can improve our understanding of the workings of the markets and develop more productive and economically beneficial practices in our day-to-day life. Continue Reading * * * Uncategorized SUCCESS – WHAT DO YOU WANT TO BE WHEN YOU GROW UP? July 16, 2021 No Comments Success is the condition or state of achieving a set of expected outcomes. It can also be seen as the opposite of Failure, which is the condition or state of encountering an unsuccessful outcome. The criteria for success can be relative to a specific cultural, social, economic or psychological belief system and/or context. Successful individuals are able to manage the resources available to them in all circumstances. They are able to expand and utilize their strengths, while still seeking out opportunities to diversify and expand their horizons. Individuals who are successful are goal-oriented. They are good at “knowing where you’re going” (what I mean by this is that they are self-aware), and are able to plan and create the best possible outcome, whether it be personal professional or organizational. Successful interviewees will have: There are many ways to define success. For this article, my favorite quick start guide is “When in doubt, define nothing.” Once you know what you want out of life, write down your top goals and begin to develop a plan to achieve them. Keep in mind that you don’t need to have every single goal achieved, but developing a game plan is an excellent way to lay the groundwork for achieving more goals and realize your ultimate goals. Self-awareness is an essential quality to possess if one wants to successfully achieve his or her goals. Achieving success should come naturally, and that’s not something you can learn in college. Instead, think of your goals as you would a child’s first big book: “What do you want to be when you grow up?” As a high school student, that book would be a “How To” manual, listing all of the things you need to know in order to get to college, work, play sports, go to college and basically get an education. For the purposes of this article, we will focus on “what do you want to be when you grow up.” The truth is, it takes years of hard work and persistence to reach any goals. Therefore, it’s important to know how to frame your questions (“What do you want to be when you grow up?”) in order to increase the interview’s probability of being successful (“Your goals are more important than your dreams.”). You also need to have a vision of what your future will look like, so when your interviewer asks about your soft skills, be ready with an answer (“I am passionate about helping people achieve their dreams.”). Answering the question means you have a clear idea of your goals and how to define success. This frames the questions you will be asked so that your answers are more useful in your evaluation. I think in order for anyone to effectively frame their interview questions and set their goals, they must possess a high level of self-awareness. As a high school student, I would walk into the classroom and define my goals. I was able to see in my own mind exactly what I wanted to accomplish. This same method can be used to effectively define success in whatever situation you are facing in your career, life, or life in general. Having an honest self-appraisal will help you make better choices as you navigate the obstacles that could derail any potential progress toward success. Continue Reading * * * Uncategorized BASICS OF BUSINESS July 15, 2021 No Comments A business is defined in the Merriam Webster’s Collegiate Dictionary Tenth Addition as a human enterprise organized for profit, usually for the benefit of the members or proprietors. A business can be either for-profit or nonprofit organizations that conduct business to meet a social purpose or further a social ideal. In the United States, a business can include any enterprise relating to trade, commerce, manufacturing, selling, or distribution. Business may also mean the process of earning a profit by the business itself or the provision of goods, services, and information to promote the business. The most common types of businesses are retailing, leasing, investment, banking, and administration. In addition to profit-making businesses, there are other types of businesses that can be considered as either for-profit or nonprofit in nature. Examples of this include partnerships, joint ventures, proprietor/asset, capitalized partnerships, and ownership by the corporation or by an individual or group of individuals. Partnerships are enterprises in which one party is primarily responsible for the results while other parties are involved in generating employment, sales, and profits. Examples of partnership relationships include employment partners, management partnerships, ownership by an individual or group of people, and capitalized partnerships. A business can also be comprised of one or more partnerships. In this case, the partnership is a separate legal entity from the corporation or LLC in which it operates. However, both entities are considered one and the same meaning that they are considered a partnership when the operations of the partnership are contributing to the success of the corporation or LLC. In addition to partnership relationships, there are two basic forms of ownership in a business: direct and indirect. Ownership refers to who makes the decisions for the business, while control refers to the ability to make decisions or instructions for the business. Direct owners are those who own the business, while indirect owners are those who are related to the business as a buyer or seller. Every business must have a written document that presents the nature and goals of the organization. This is known as the Memorandum and Articles of Association of a corporation or LLC. Similarly, all businesses require a qualified accountant or attorney to draft a proper Business Plan. This document explains in detail the nature of the organization, its products or services, the financial capabilities and risks, and strategies to achieve its goals. A business may be operated by one or more people. These include the owners, shareholders, managers, and employees. The most common types of employees are the owner or proprietor, who receives profits directly from the business, employees, who perform work under the supervision of the owners or proprietors, and workers, who are employed by both the owner or proprietor and another company and receive salaries from that company. Common types of profit sharing include profit-sharing, performance shares, bonus pay, and stock options. There are some small businesses that operate on a self-directed basis, which means that profits and losses are shared by the partners directly. Small business usually has two or more owners. One owns and operates the business and the other is an owner or partner. In a partnership, there is only one owner. Some examples of partnership are limited liability partnership (LLP), a public limited partnership (PNP) and corporation. In addition, there are several common types of debts that can affect a business’s profits, such as short-term debts and capital advances. For example, if a manufacturing firm owes money to a manufacturer of rubber shoes, the profits of that firm will be negatively affected by the loss of income in the manufacturing firm. Continue Reading * * * Uncategorized HELLO WORLD! July 14, 2021 No Comments Welcome to WordPress. This is your first post. Edit or delete it, then start writing! Continue Reading * * * * Sample Page * Olsen WordPress Theme by CSSIgniter Close Menu * Sample Page