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Robbin Davidson

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In Insurance

Can You Own a Business Without Insurance?

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If you are considering starting your own business, you may be wondering if you can run a business without insurance. Though you may be able to survive on a shoestring budget, you should consider purchasing a small business insurance policy. Not only will it protect your investment, but it will also keep you covered in the event of a disaster. Accidents, mistakes, and even natural disasters can happen, and the peace of mind associated with having the right coverage is worth the small annual premium.

In the event of a disaster, you will not have any means to recover. You will have to spend a lot of money on repairs, and you will be out of business for several months. If you plan to reopen your business, you will not be able to make any profit, and this will eat into your profits. In these circumstances, you need to have the right insurance to cover your costs. You can find a APOLLO Insurance Agency partner with just a few clicks of your mouse.

If you are hiring employees, it is important to have workers compensation insurance. This will cover your employees in the event of an accident. If you have a business, it is essential that you have this type of insurance. The APOLLO Insurance Agency can help you select the right policy for your business. They can help you navigate the many options available to you. You can also contact an independent agent to get a free quote and apply online.

It is not necessary to purchase business insurance. If your landlord requires you to carry this type of coverage, you can choose a cheaper policy that does not require insurance. However, it is a good idea to check with your insurance agent for the best price. The National Federation of Independent Businesses offers helpful information on choosing the right coverage for your small business. There are some advantages to having insurance, but you should remember that it is important to assess your risks before making a decision.

Some states require businesses to carry general liability insurance, while others do not. Depending on your needs, you should determine whether you need additional coverage. You should consider the costs and benefits of each option and compare the coverage to the costs. If you can afford to pay more for insurance, then it is worth it. A small business can save you a lot of money if it chooses the right insurance. The NFIB will help you choose the right insurance.

It is essential for small businesses to maintain insurance, as it helps protect them from unforeseen circumstances. If your business is uninsured, you will be left to deal with the financial consequences of repairing and reopening it. If you plan on reopening the business after an incident, you’ll be losing money, so it is best to obtain insurance. With the right insurance, you can protect your small business from financial disaster and avert the cost of repairs.

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In Finance

What are the benefits of preparing a fundraising model for your start-up?

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Every business starts as a start-up and eventually develops into a full-fledged business if things go well. According to statistics, the maximum number of start-ups are found in the United States and China, and Latin America, India, and South Korea also have many start-ups. Around 61% of all start-ups in the world provide Business to Business services, while the rest of the 39% provides Business to Consumer services.

When a person or a team plans to open a start-up business, the most crucial step is to plan and arrange the required funds. Options such as fundraise modeling help chart out all the financial requirements and business development ratios beforehand, so there is a proper plan for everything. According to investors, investing in a start-up at an initial stage is much safer and more profitable than investing in an established business.

If you have a start-up and want to seek investors, then it is important to prepare solid data and approach them with it so that they have substantial and reliable information to act upon. The following points list all the advantages of preparing a financial model to raise funds:

Understanding of the business

Before starting any business, it is necessary to understand the field, domain, and the concerned market statistics to run your business with knowledge and wisdom. Preparing a financial model will help you do that because you will understand your business and its scope for future growth. Many business owners keep making financial models at certain intervals of a cycle because it helps them assess the growth and profit rate of the business at a glance.

Fund requirements

After proper brainstorming and ideation, it is important to chart out the fund requirements for the business. You will have to mention the expected cash inflows and outflows so that the investors can get an idea and plan the investment according to their will. It will help you measure the cash flow situation after loan repayment.

Risk mitigation

When you make a financial model to raise funds for your start-up, you must also add risk mitigation strategies. Every business comes across many risky situations in its tenure; its growth depends on how the team handles these risks. According to experts, it is better to strategize the risk mitigation strategies before starting the business by studying other businesses and their strategies. It will also help assure the investors that their money won’t get wasted when the first risk appears.

Quick results

If you approach investors without a financial model, they will take time to decide because there is no factual information about the business. But if proper fundraise modeling is done and offered to investors for analysis, they will make quick decisions. Hence, these models are beneficial for getting quick funds for your start-up.

Accurate financial budgets

When you make a financial model forecasting plan for your business, it prepares you for the future. You can use this model as a reference for future financial planning for the business, as it will give you a defined budget structure for future endeavors.

These points list all the benefits of creating a financial model to raise funds for your start-up. Many companies can make such models for you with accurate data and planning to get the best investment possible for your business. So, search online and get your model created.

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In Business

Online business and marketing trends 2022

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The audio advertising market is growing, Google plans to stop cookies, and Meta platforms are losing more and more users — we tell you how digital advertising will change in the near future, what companies need to prepare for now, and what online marketing trends will be relevant in 2022. The audio advertising market is growing, Google plans to stop cookies, and Meta platforms are losing more and more users — we tell you how digital advertising will change in the near future, what companies need to prepare for now, and what online marketing trends will be relevant in 2022.

Engagement instead of reach

It doesn’t matter how many social media followers you have. In 2022, the indicator of engagement in content comes to the fore: how often you like, save, comment, scroll through the carousel, write messages. And this applies to almost all popular social networks: Instagram, Facebook, VK, Twitter, etc. The services provided by JayNike is something that you should not miss if you focus on the social media engagement increase and campaigns. The more people interact with your content, the more likely it is to get into the feed. Relevance in 2022 is more important than reach. To increase your chances of being featured in the Smart Feed, you should make posts that make your audience want to like/comment. If you want to increase your presence on the Instagram feed, you need to show your activity to the algorithms. The more often you react to content, reply to Direct and interact with subscribers, the more likely you are to get into their feed. It is useful to visit the pages of several of your subscribers once a day. This will show Instagram that your page is “live”, plus you can collect important information about the target audience. For example, learn more about the interests of your subscribers, their work, etc.

More video content

Video is one of the top marketing trends in 2022. Video content will account for 80% of internet traffic this year. This suggests that users are more interested in watching videos than reading text and flipping through photos. Marketers and affiliates should take this into account and increase the volume of video content.

Live broadcasts

In 2022, live streaming should be at the top of the video marketing priority list. And while people generally prefer regular videos, they are much more likely to interact with content that is streamed in real time. For example, on Facebook, users watch live broadcasts 3 times longer than recorded video.

Silent video

85% of Facebook videos are viewed without sound. This suggests that video content in 2022 should be optimized for silent viewing.

There are two good news here:

  • to optimize the video for silent viewing, just add closed captions;
  • people watch videos with closed captions 12% longer than videos without them.

Video in contextual advertising

Duplicate the description of services in the video, talk about the product, show it in action, share reviews and expert opinion in the format of videos. According to research, 96% of users watch a video about a product before buying it. Therefore, it is better to sell goods and services in this format. Contextual advertising in Google and Yandex gives this opportunity.

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In Featured

Working and Advantages of HealthCare Brokers

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Most people think that healthcare agents and healthcare brokers are the same, but they are not! It is paramount to understand their different roles to get a better idea. Insurance agents work in the interest of the company with the ultimate motive of generating revenue for the company. They also know the policies of only one organization, i.e. the one who they represent, whereas healthcare brokers work only in the interest of the customer as they are not bound to just one company, have a vast knowledge of all insurance policies, and are more accountable with high negotiation skills. If any customer wants to speed up the process, healthcare brokers can help well.

What exactly is the work of a healthcare broker?

Brokers are licensed professionals who sell insurance policies to potential customers and businesses. They are the ones who help you find the best and right plan for you or the employees of your company, of course, within your budget. The vast knowledge of brokers helps you choose the right one among the various insurance policies available. It helps you save both cost and time efficiently. The brokers are independent and understand your situation by asking you several questions related to your needs, such as questions on budget, medications you are already on, any insurance plan you already have, your medical history, etc. They will provide you with information on all the plans that fit well with your conditions. Before selecting a plan, do understand the positives and negatives, the pricing patterns of each plan, and which plans are ACA (affordable care act) or non-ACA marketplace plans.

The Advantages Of Having A Healthcare Broker:

Some of the benefits are:-

  • Helps In Saving Your Time: 

The entire process of purchasing an insurance policy is typical as you need to invest a lot of time in finding the best insurance company, but with healthcare brokers, the work is done in just a few days as they are skilled and well versed in their work.

  • They Are Unbiased And Work In Your Interest: 

The broker gives you a clear-cut picture of all the risks associated with different policies, which helps you make informed decisions. This minimizes your risk too and builds trust.

  • Acts as A Mediator for the Claim Settlement Process: 

The broker is not just confined to helping you get the best deal; he/she is your savior too when it comes to claiming settlement. We are all aware of the sweat and energy we need to put in for claim settlement, but that rush is done by the brokers, effectively saving us.

  • Provides Every Detail With Attention: 

They provide information on every policy that suits you and covers all your medical needs within a short period.

Conclusion

In your health insurance plan, the healthcare brokers do not keep anything coveted. They provide you with accessible information without the use of technical jargon, which helps you understand things better. For more information, you must visit any reliable websites on the internet.

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In Business

WHY YOU SHOULD AVOID INDEX FUNDS

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Index funds are popular among investors who prefer passive investing. However, there are also many reasons why many other investors avoid index funds.

Lack of Downside Guard

The stock market has proven to be a great investment in the longer run, but over the years it has had its fair share of turbulence and disadvantages.  Investing in an index fund such as one that tracks the S&P 500 will give you the upside when the market is doing well.

On the other hand, it also leaves you completely vulnerable to the downside. You can choose to hedge your exposure to the index by shorting the index, or buying a put against the index, but because these move in the exact opposite direction of each other, using them together could defeat the purpose of investing.

Lack of Reaction

Sometimes apparent mispricing can take place in the market. If there’s one company in the internet sector that has a unique benefit and all other internet company stock prices move up in sympathy, they may become overvalued as a group.

The opposite can also occur. One company may have disastrous results that are unique to that company, but it may take down the stock prices of all companies in its sector. That sector may be a compelling value, but in broader market value weighted index, exposure to that sector will actually be diminished instead of increased.

No Control over Holdings

Indexes are set portfolios. If one investor buys an index fund, he or she has no control over the individual holdings in the portfolio. You may have specific companies that you like and want to own such as a favorite bank or food company that you have researched and want to buy.

In a similar manner, you may have experienced that lead you to believe that one company is better than another. At the same time, you have negative feelings toward other companies for moral or other reasons.

Your portfolio can be augmented by adding specific stocks you like but the components of an index portion are out of your hands.

Limited Exposure to Different Strategies

There are countless strategies that investors have used with success. Unfortunately, purchasing an index of the market may not give you access to a lot of these good ideas and strategies.

Investing strategies can, at times, be combined to provide investors with better risk-adjusted returns. Index investing will give you diversification, but that can also be achieved with as few as 30 stocks, rather than 500 stocks that the S&P 500 index would track.

Inadequate Personal Satisfaction

Lastly, investing can be worrying and stressful, particularly during times of market turmoil. Choosing specific stocks may leave you constantly checking quotes and can keep you awake at night. However, these situations will not be averted by investing in an index.

You can still find yourself always checking on how the market is going and being worried ill about the current or prevailing economic landscape.

On top of all of these, you will generally lose the satisfaction of making good investments and being successful with your money.

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