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New Business Equipment – Myths and Truths About How to Start New Business

Business Equipment

There are hundreds of thousands of new businesses started every year in the USA alone. A lot goes into starting a new business, from hiring people, to marketing, to developing your product or service and getting it ready to launch.

Another major part of getting most businesses off the ground is getting the right equipment. This could be machinery to process and make your products, or even simply chairs, tables and computers for your office.

However, there are a lot of business-related myths out there you may hear when starting a business. This article is going to go over a couple of both myths and truths to keep in mind when getting equipment for your new business.

Myth: You Need a Fax Machine

printer

Faxing continues to be an important part of running a business in many cases. While many believe it is outdated, it is still used by a ton of large companies as a way to communicate and securely send documents, forms, or contracts.

As a result you may think you need a fax machine. However, this isn’t actually the case. Online faxing solutions are out there that can provide you all the benefits of faxing, without the downsides. These can give you a fax number and make it easy to send and receive faxes in seconds, without the need for a bulky and expensive machine. They are affordable, secure, and very simple to use, too.

Truth: Don’t Buy Everything New That Comes Out

Technology is growing incredibly fast, and this growth means a lot of new tools and technologies are being released. You and your company may be tempted to buy each and every shiny new thing that releases when you are starting out. However, oftentimes it makes sense to pump the brakes and wait before purchasing these new tools or technologies.

If you buy a ton of things you don’t need, simply because they are new, it can put your new company in a difficult spot financially. Instead, wait on it and see what options your competitors use, and instead, start with the industry standards and then slowly branch out to new tech or tools when you are ready. While you don’t want to wait too long if something has been proven very beneficial, there is no need to be an early adopter of every new tool that releases.

Myth: Buying Used is a Mistake

Buying equipment for your new business can be expensive. Depending on what you need to buy, it can cost you thousands to get the equipment you need for your operation. A great way to save is by buying used equipment.

While plenty of people will say buying used is a bad idea, this isn’t;’t the case. As long as the equipment still works, is in great shape, and has been treated well, it should work just as well as something new.

Sure, buying used equipment sight unseen or after seeing it is in bad shape is always a bad idea, but as long as you use good judgment, buying used can save you a ton of money. Also, it can also be easier to find used options in some situations, which allow you to get the things you need quicker.

In conclusion, we hope this article has helped you be able to ensure you get the right equipment when starting a new business.

How Can Influencer Marketing Help Small Businesses?

Marketing

In the current social media era, influencers are a powerful marketing tool for small businesses. Read on to discover ways in which influencer marketing can benefit small businesses.

How can influencer marketing help small businesses?

Influencers are local celebrities with large followings on social media. They are known as influencers because they influence people’s choices, fashion, and product trends. Statistics have proven influencers to be incredible marketing tools, especially for small businesses.

Therefore, influencer marketing is where brands or businesses partner with influencers to promote or endorse their products. In influencer marketing, the influencers create content about your product and brand, then post it on their social media platforms. The content aims to promote your brand and encourage viewers or followers to check out your business and products. Below are some top ways influencers can help small businesses;

Increasing brand awareness

One of the primary characteristics of influencers is that they have a large following on social media. This means that the content they post reaches many people from different locations. Therefore, using influencers to market your brand is a great way to increase your brand’s awareness. Many people will know your brand, what it is all about, and your products. However, this depends on how the influencers present your brand and your businesses. Therefore, influencer marketing can significantly help increase your brand’s awareness.

When using influencer marketing to promote brand awareness, you must choose influencers with a good reputation. Request their professional media kit to check their engagement rate, past collaborations, rates, and other important metrics. Understand that the influencers represent your brand as brand ambassadors. Therefore, attaching your brand to someone with a bad reputation may significantly affect how people view your brand. Therefore, it would be wise to conduct ample research before picking influencers and the right influencer marketing platform.

They help small businesses reach specific demographics

The trick to using influencers to market your brand is finding the best people. One of the top things you must do is choose an influencer based on their follower’s demographics. Certain influencers only appeal to a specific demographic. Therefore, you must determine the demographic your brand wants to attract before choosing the ideal influencer. Using the right influencer can help your small business reach specific demographics. This is something most marketing techniques do not achieve. Note that marketing to a specific demographic based on your product or service can help increase your sales. The influencer marketing platform also matters significantly.

It can help increase your sales

When mapping out marketing strategies for small businesses, the primary goal is to achieve more sales. Influencer marketing is the perfect way to achieve this goal. More often than not, when influencers endorse a brand or product, they encourage their viewers or followers to purchase the product or visit the brand’s website. Some go as far as to provide special promo codes to encourage purchases. This easily translates into more sales. This can help your small business grow.

It can help small businesses survive the ad-block era

The era of banners, pop-ups, and traditional marketing strategies is fast approaching its end. Therefore applying these strategies can lead small businesses to lose a lot of money without experiencing positive results. The best way for small businesses to survive this era and what is to come is by adopting influencer marketing.

Final Word

It would help if you did not depend on influencer marketing as your only marketing strategy as a small business. It would be wise to have it as a segment of your overall digital marketing strategy. Having more than one trick under your sleeve is the best way to guarantee positive and lasting results. Regardless, you can always try out influencer marketing to get your small business off the ground.

How to Manage Money From Your Side Hustle

Manage Money

Thousands of people are starting to earn more money through all kinds of side hustles, but this extra income isn’t always easy to manage. To make the most of your cash it’s important to have a plan, as not only will this help you stay on top of your finances, but it will also help you to grow your venture. If you’ve been thinking about starting a side job or are already increasing your income by freelancing or running an online shop, this blog has all the financial tips you need to succeed.

Earning extra money in order to pay for your bills and apply for loans needs more planning and management than you think. Just remember to keep and document all your payslips. If you need to create payslips on your own, please find out more on this post. They provide excellent customer service and various kinds of pay stubs templates to choose from. You won’t regret it.

Separate your bank accounts

While you don’t necessarily need to open a business bank account for your side hustle, separating this extra income from your main account can help you stay on track. It’s up to you whether you have two accounts from the same provider or you choose to look into other solutions. These days there’s no need to limit yourself to just high street banks, as there are lots of alternatives on the market. Think about choosing an online bank so you can easily check your account and move money around without having to go into your branch. If you’re interested in learning more, check out some chime reviews online.

Use accounting software

If your side hustle is really taking off, you might be struggling to keep your finances in order using just a spreadsheet. Not only is it easy to get lost with spreadsheets, but it can be very time-consuming to stay up to date. Accounting software will help you to automate the whole process, allowing you to focus on things that are more important to you. What’s more, you won’t have to worry about taxes, as your chosen software should be able to take care of all of this for you.

Think about saving

While some people start a side hustle to help them to cover everyday costs, others will have the luxury of saving their extra income. If this applies to you, then consider keeping all your side-hustle earnings in a good savings account. It can be tempting to spend on exciting things to treat yourself, but if you haven’t got an emergency fund yet, your side hustle can really help you to build this financial security.

Don’t be afraid to reinvest

A side hustle doesn’t have to stay a side hustle forever. If you want to grow your new stream of income into a proper business, then think about investing the money you make back into your venture. This might slow down your profits for a while but, in the long run, you might be able to leave your full-time job and become financially independent. Even if you don’t want your side hustle to become a full-time job, it’s never a bad idea to spruce up your website or invest in some higher-quality tech to make your life easier.

Learning to manage money takes time and it’s a skill you can develop over the coming years while working on your side hustle. To learn more about managing your finances with Chime, click here.

How to Hire the Right Attorney for Your Case

Hire the Right Attorney for Your Case

Are you facing a legal issue that could have significant implications on your life? The most important thing to do right now is to hire a legal professional and do it right. 

After all, even though there are so many lawyers out there, it doesn’t mean all can suit your legal needs. 

Nonetheless here are some must-know tips that every person should follow when hiring an attorney:

1. Ask Trusted People for Recommendations 

The best attorneys are often recommended. So, it would be best to ask people you trust the most to recommend a lawyer for your specific legal issues. 

This could be family or friends who have had to deal with legal problems before or colleagues who know someone somewhere. 

Also, if you have had dealings with lawyers before but for different legal issues, you can ask them to recommend a specialized attorney for your specific case. That way, you will get a sort of pre-vetted lawyer ready to start right away.

2. Search Online

It is important to have a bit of background on the law firm and what it is about. This is where some simple online research comes in handy. 

You can start off by checking reviews on Google just to see what other clients are saying about a given lawyer or firm. There are also sites that have specific reviews on firms. 

Also, take some time and go through the lawyer’s social media pages. The review section, in particular, will help you get a clear picture of whether this is someone you can trust or not. Social media comments also say a lot about a lawyer and what they can do. 

Finally, do not forget their website. The site will give you details about how the lawyer works, areas of expertise, and some of the cases they have handled before.

3. Call for Consultations

The purpose of doing background research is to narrow down your search to just a few firms. Now that you have shortlisted two or three lawyers, the next step would be to arrange a meeting with them. 

Some lawyers will often meet you for free so there is no risk here. How these consultations go will determine your next move. 

Simply ask yourself this question. Based on your interaction with the lawyer, do you see yourself working with this person for a long time? 

4. Consider Fees 

Fees are not always the most important determinant when choosing an attorney. However, you still want to pick a good lawyer even if it means paying more. 

However, you can only work with an attorney you can afford. So, before you sign those contracts, assess the fees and costs for that case and see if you can afford them or not.

5. Make a Decision

Sometimes it takes your gut to make these decisions. If something doesn’t feel right, it’s probably good to look elsewhere. You need to work with lawyers that inspire confidence in you. 

A FINRA disciplinary actions attorney like Girard Bengali will make you feel at ease and confident, but some other firms can be very sketchy. So, be aware of that.

Oleg Boyko, International Entrepreneur, Wins Lawsuit Against Giant Google LLC

Oleg-Boyko

A victorious Boyko: “Case against Google LLC may set a legal precedent.”

Oleg Boyko, Finstar Financial Group founder, filed a lawsuit against Google LLC and it was subsequently satisfied by Gagarinsky District Court in Moscow. The businessman demanded to stop the search engine from indexing links to a website which displayed content defaming Mr Boyko’s honour and dignity.

Oleg Boyko established Finstar Financial Group in 1996. Today, this enterprise has business activities in over 30 countries and more than $2 billion assets under management. It operates in such areas as financial services, fintech and IT. 

In 2019, the entrepreneur had already submitted publications about him on an anonymous website to the court. He claimed that the published materials damaged his business reputation and had suggested ridiculous actions by him, for example, that Mr. Boyko was responsible for the 1997 financial crisis in Asia. In total, the court found 11 points to be false. 

“We assume that this information appeared on the site at the behest of people who previously worked in the structures created by Mr. Boyko but who were subsequently dismissed for one reason or another,” the businessman’s lawyer told the court. “The earlier court satisfied our appeal and recognised this information as unreliable.”

In October 2019, the Vidzeme Regional Court in Latvia ruled that the information posted on certain Internet resources was untrue. In December of the same year, the Gagarinsky District Court of Moscow also confirmed that the allegations about Oleg Boyko in these media were indeed unreliable. In June of last year, the Roskomnadzor found this information illegal and violating privacy. The authorities blocked the defamatory material. 

Then Mr. Boyko sent a request to Google, in which he asked not to show links to false materials in the results of their search engine for the query “Oleg Boyko.” There was no response from the company so the businessman decided to sue Google LLC.

In one of his interviews, Oleg Boyko commented on his actions: “I did this to dissuade future slanderers; I was not gunning for Google LLC and I do not believe that Google is accountable to me. However, I do think that this case may set a legal precedent.”

Simple Steps to Selling Coffee Online From the Comfort of Your Home 

Sell Coffee Online

By Damon Shrauner

Coffee is the nation’s most popular beverage, with over two-thirds of the population drinking coffee every day. The market for the beverage is huge, and there will always be a consistent demand for good coffee. Nobody can ignore a good cup of Joe early in the morning. However, recent times have necessitated social distancing measures & lockdowns that have changed the way businesses operate and people’s expectations from businesses. Not only is this the right time to get started on your online coffee store concept, but is also a safe and lucrative option to help you enter the foray by risking the bare minimum. We discuss how you can start selling coffee online, the benefits associated with it, and its profitability in the sections that follow.

Eight Steps to Begin Selling Coffee Online From Your Home

1. Determine Your Niche

Since the coffee market is huge, it encompasses a variety of large brands. Competing with the big names can be difficult for small businesses. However, targeting a subset of the large market can be an area where small businesses can make their mark. Before you begin selling coffee online, make sure you choose whether you want to sell coffee pods, syrups, dark roasts, light roasts, or third-wave coffee. Determining your niche opens up untapped customer pools, and allows you to establish yourself as a trusted business within the niche.

2. Define Your Ideal Customer

As an online coffee seller, you will serve a variety of customers that include both other businesses and individual coffee drinkers. These consumers are bound to have different needs. Cafes tend to buy their coffee in bulk and often choose whole bean roasts, on the other hand, busy restaurants and delis prefer ground coffee since it’s easier to brew. Individual consumers will prefer small bags of ground or whole beans to satisfy their caffeine pangs.

3. Craft a Business Plan

While your business plan doesn’t have to be too detailed, you still need material to make accurate projections. Estimate the volume of coffee you intend to sell, purchase costs, and the funds needed for coffee shop equipment before you set up shop. Once you begin operating, track your running costs, and study your inventory to identify the popular offerings and also those that aren’t as popular. 

4. Get a License to Sell Coffee Online

Before you begin serving your customers with their favorite coffee products, don’t forget to get in touch with the authorities to get your business registered. Also, get permits from the health department and the food authorities to ensure your business follows all the codes set by the government for the food & beverages industry.

5. Create an Attractive Website & Choose an eCommerce Platform

Since you do not have a physical store, having an attractive website is imperative to your business’ success. Design an easy-to-use, crisp, and professional website to keep your customers engaged. Optimize the site for various devices, add a shopping cart feature, and contact experts to create an eCommerce feature on your website. Keep your site secure and provide the best security features to secure both your business and your customers’ identities & finances.

6. Look for A Reliable Supplier

You require a trustworthy and reliable supplier to ensure your products and services reach your customers on time. The quality of beans is directly linked to your supplier’s offerings. This has a great impact on how your coffee is perceived by your customers. Choose a supplier that offers the best deals on high-quality coffee, has quick turnaround times, provides prompt delivery, and is customer-friendly.

7. Create Online Content

Your website requires quality content to keep pushing the boundaries of engagement. Upload high-resolution photos of your products, give your customers detailed & attractive descriptions of products to help them understand your products better. Keep your website up-to-date with the latest information, pricing, and also publish blog posts and engaging written content to drive organic marketing.

8. Offer Top-notch Customer Service

Creating a successful online coffee business involves keeping your customers satisfied so they return to your business, and also spread the word about your products. Provide customers with the best products and be sensitive to their requirements. Happy customers are the first sign of a successful business. Make sure you respond to customer grievances and offer appropriate solutions promptly.

The Benefits of Selling Coffee From Home

Whether you’re a professional barista or someone looking for a side business, operating a home-based coffee business involves several advantages, some of which are:

1. Convenience

Since you operate out of your house, you don’t have to travel between your residence and your place of business. It’s possible to sell coffee online on a part-time basis, and the core requirement is centered around shipping your coffee products on time.

2. Flexible Schedule

You can always get to your regular day job or other responsibilities while operating your online coffee business. The schedule can be flexible and all you would have to do is supplement the hours lost either before or after your engagements.

3. Low-cost Business

The investment required for an online coffee business is quite low. The business model also comes with a lower risk quotient when compared to setting up a cafe that requires retail space, large machinery, and maintenance.

4. Experience

An online coffee shop can help prepare you for entering the larger coffee market by establishing your name. You can learn several intricacies of the coffee industry, and also branch out into the expansive beverage scene eventually.

Is Selling Coffee Online Profitable?

Since coffee is one of the most consumed beverages in the world, the market is always going to exist. The key to making your online coffee business profitable is to make customers want the coffee you make. Focus on creating a brand for yourself, tap into a niche market, and take the advantage of the benefits small businesses attract. Setting up a crisp online platform and centering your business around customer satisfaction is sure to pay off in the long run.

Conclusion

Whether you’re an existing business owner looking to expand into the online coffee market or a novice, starting your own online coffee business can offer an insightful experience. While nothing of value comes easily, following the steps mentioned above will certainly help you carve out a niche for yourself and establish your brand in the market. 

About the Author

Damon Shrauner, Senior Sales Consultant and VP on B2B Sales at ChefBuyer, working in the foodservice equipment sector since 1994. With his expertise in market analysis, product placement, sales, and project management, he will always tell you what to do for the best of your business.

COTI to Litecoin Conversion: Subtleties of the Process

Litecoin

Investing in Litecoin is a popular decision among traders. On the one hand, it is one of the oldest cryptocurrencies that has been around for a decade. On the other hand, Litecoin cannot be called one of the leading cryptocurrencies.

Nevertheless, numerous traders want coti convert to litecoin because they want to get significant income. The user should choose the best place to exchange his crypto assets to get the best deal to go through the swapping process.

Verified places to exchange cryptocurrencies

The best cryptocurrency exchanger is not effortless to find. The cryptocurrency rate is perpetually altering at the trading of crypto exchanges. Cryptocurrency is an independent currency, and central banks do not determine its rate.

The best crypto exchange rate can be established only by analyzing the online exchange market. The best cryptocurrency exchanger helps you with this. It shows the most comfortable rates for selling and buying crypto online on the world’s exchanges.

Exchange rates influence cryptocurrency exchange rates. But the price at crypto exchangers may differ somewhat. Follow the best cryptocurrency exchange rate and compare it with the rates of the selected exchangers for the most profitable purchase or sale of cryptocurrency.

How to exchange COTI to Litecoin

First, you need to open the exchanger where you want to swap your assets. When the currencies — COTI and Litecoin — are selected, you will automatically be taken to a new page where you need to fill in some details. First of all, you should write the amount of Litecoin to receive. Likewise, you need to indicate the amount of COTI that you will give away. When calculating the exchange amount, take into account the established limits. Accordingly, the online calculator at the current bitcoin rate will calculate how many LTC coins you can get.

Filling in the data in the cryptocurrency exchanger

Then you have to fill in all required fields on the same page. For the operator to be able to process the exchange, the following information will be needed:

  • your LTC wallet address;
  • name;
  • contact email.

Then you need to check all the information for mistakes, as this can affect the speed of exchange processing. Furthermore, if you mistake the wallet address, the funds may be sent to another account. After that, you can create an exchange request. When your transfers are received on account of the exchange service, the operator will check the correspondence of the amounts and the correctness of filling in the data in the exchange request.

How Much Should You Keep in an Emergency Fund in 2022?

Emergency Fund

Emergency funds for many people consist of between three- and six months’ worth of expenses, although the amount you choose and can save will depend on your financial situation. As a minimum, a suggested amount is around $500, which in most cases will cover unexpected costs and allow you to be able to afford the necessities. 

In this article, you will find out what an emergency fund is, how having one can help you, how much to aim to save and how you can begin to set up your own.

What is an Emergency Fund?

An emergency fund is an amount of money set aside to have adequate funds to cover future, unexpected expenses if needed. The main advantage is if you lose your job or are otherwise short of money, your emergency fund will provide you with enough money to prevent you from getting into debt or being unable to pay.

Why are Emergency Funds Helpful?

An emergency fund should be able to cover any necessary but unpredictable expenses which may occur and save you from struggling for enough money to pay for it. This can include medical expenses, job loss and home appliance breakdown. No one can predict when the unthinkable may happen. An emergency fund could be thought of as a financial backup for when these unexpected payments arise and can provide reassurance in that if they ever do you have money set aside in your emergency fund to cover yourself for an unexpected payment or situation.

How Much Should I Keep in My Emergency Fund?

The minimum suggested amount is $500, although the amount you will need to save is going to vary depending on your expenses and your current situation. Even the smallest amount can help you out if you get into financial difficulties, so it is important that you get started on a fund – even if it feels too intimidating or unrealistic to save any money right now, you can still contribute small amounts as often as possible.

Where is The Best Place to Keep your Emergency Fund?

The best place for your emergency fund to be kept is in a high-yield savings account, which will draw interest and increase your fund over time, as well as allow for quick and easy access to your money. There are different high-yield savings accounts, so make sure to research your options and find one that suits you and your needs the best.

Keeping your emergency fund account separate from your everyday bank account is vital to ensure your savings remain where they need to be and cannot be accessed on a whim. While having fast and easy access to your fund is important to ensure you are able to use it when needed, it is also vital that you are not tempted to use the money for anything else.

How Can I Start to Save Money for My Emergency Fund?

Setting a goal for yourself can help you to prioritize your savings and keep you motivated to continue. If saving feels difficult, having a series of smaller, realistic goals to reach as and when you can, will help you to break up your bigger goals for your emergency fund and make the task of saving easier and less intimidating.

Setting up automatic savings is a helpful way of ensuring some money is going into your emergency fund every time you get paid. Whether through an app or your bank, setting up an automatic transfer from your earnings to your fund is a great way to prioritize your savings. It can be as little or as large an amount as you can spare – the important thing is that your funds are building up.

Will a Budget Help?

Taking a look at your current finances is a good place to start when beginning to save money. If you have active subscriptions, you no longer use, or find that you tend to spend more money in a particular area, it may be worth identifying these and cutting down what you can. From this point, you can begin to think about setting budgets for spending.

Creating a realistic, sensible budget you know you will be able to stick to is a great way of ensuring you are able to put some money aside each month – no matter how small. Your emergency fund can be built up over a while and being able to put a specific amount away each month will help you to stay organized and on top of your financial situation.

Keeping track of your fund is another way to make sure it is growing and capable of helping you when you need it.

It is especially important to note any expenses paid using your emergency fund and ensure to replenish your emergency fund back up as soon as you can do so.

Summary

Most people benefit from having an emergency fund, after reading this article you now know whether you could benefit from one too.

An Ultimate Guide To Invest in Cryptocurrency

Cryptocurrency---Invest

With increasing popularity, more and more people have started investing in these virtual currencies. If you’re one of them and think about attending the Paris Blockchain Conference but don’t know where to start from, this article has got you covered. Here’s a complete simplified guide to digital currency. 

 What is Cryptocurrency?

 A virtual currency (or “crypto”) is a method of income that can propagate without the intervention of a central financial institution, including a legislature or bank. On the other hand, blockchains are generated using cryptographic methods that involve buying, purchasing, or bartering them safely.

 Virtual currencies could be used to buy and sell products and services, but they are more commonly used as alternative investments. Virtual currency is indeed an essential part of this process of certain decentralized financial connections, where electronic tokens are used to process payments.

 Bitcoin, its most prominent crypto, has traditionally had a turbulent valuation. It reached an all-time peak of more than $65,000 in 2021 before actually slipping back.

How to Start Investing in Crypto?

Although some virtual currencies, such as Bitcoin, can be purchased with US dollars, others require a deposit in bitcoins or perhaps another virtual currency.

To purchase cryptos, you’ll need one “wallet,” a virtual app that stores your monetary system. Overall, you set up an account on interaction and then use real cash to acquire cryptocurrencies like bitcoin or Ethereum.

If you’re used to conventional brokerage firms, some internet brokerages provide direct exposure to both digital currencies and stocks. Robinhood, Webull, SoFi Active Investing, and TradeStation are among the brokerage firms evaluated by NerdWallet.

Take a glance at pure-play bitcoin exchanges if you’re searching for an interaction that only deals in cryptocurrencies. Coinbase, Gemini, and Kraken are examples of such operating systems. Although you can’t invest in the stock market using these interfaces. But you will find a solid collection of cryptocurrencies.

How Many Cryptos Exist? How Much Are They Valuable?

Per CoinMarketCap.com, a marketing intelligence site, over 16,600 different virtual currencies are listed on the stock exchange. And virtual currencies are still on the rise. On January 10, 2022, the overall sum of all cryptos was around $1.9 trillion, down from an all-time peak of more than $2.9 trillion close to the end of 2021.

What Is The Appeal Of Cryptocurrencies?

Cryptocurrency investors do so for a multitude of reasons. But here are some of the most well-known:

  1.  Cryptos such as Bitcoin are seen as the monetary system of the coming years, and fans are rushing to purchase them presently, assumedly until they become more beneficial.
  2. A few other fans like the reality that virtual currency erases financial institutions from handling the monetary base because these financial institutions tend to devalue money overall through wage growth.
  1. Everyone else endorses the blockchain solutions that underpin cryptos because it is a decentralized handling and capturing scheme that can be safer than conventional banking systems.
  1. A few investors like digital currencies since they are increasing in value, but they are uninterested in the currency units’ long-term concession as a means of payment.

Is it a Good Decision to Spend in Digital Currencies?

Cryptos may appreciate value, yet many speculators regard them as riskier trading than real investments. What’s the explanation? Cryptos, like real currencies, produce no income stream, so in order for you to prosper, others must charge more for the monetary system than you did.

This is known as the “greater fool” economic theory. In comparison, a well-managed company enhances the value over time and increases its profit growth and income stream.

Virtual Currencies Are They Legitimate?

There is no doubt that they are legal in the United States, even if China has completely banned their utilization, and even if they are legitimate depends entirely on each individual nation. Take into account how to safeguard yourself from cybercrimes who see virtual currencies as a way to defraud investments. Proceed with caution, like always.

Final Thoughts

Virtual currency is a wildly dubious and turbulent investment. Putting money in founded organizations’ stocks is usually less dangerous than investing in bitcoin and other cryptocurrencies. But there’s no harm in trying and learning with small investments.

 

TIAFI Community Centre Helps Syrian Refugees Rebuild Their Lives in Turkey’s Izmir

Syrian-Refugees

By Katarzyna Rybarczyk

Izmir, Turkey’s third largest city, is home to around 200,000 Syrian refugees. For years they have been trying to adapt and integrate into the host society after having lost everything they had in Syria to war. And yet, Syrian refugees living in Izmir struggle with understanding and speaking the Turkish language and primarily live in the poorest, most dangerous neighbourhoods of Tepecik and Basmane. There, rent is the cheapest but the living conditions are poor. 

Syrian refugees who arrive in Izmir after running away from war in Syria are disoriented and scared. They desperately try to hold on to any help they can get, especially now as their situation is becoming increasingly dire because of the current economic crisis in Turkey, but the harsh reality of being a refugee is that often there is no one they can turn to. 

TIAFI, a non-profit organisation that opened a large community centre in the Tepecik neighbourhood, aims to change that. It created a safe space for Syrian refugees where they can come for advice, to eat a warm meal, or to take part in empowerment programmes. Most importantly, however, when Syrians come to the centre they can see that not everyone has abandoned them and that there is hope that one day there will be joy in their lives again.

TIAFI has been extremely successful in empowering Syrian refugees

Most of us cannot understand how difficult it must be to have to build a new life from scratch, to try to forget the traumatizing past where we lost our family, our home, and all our money to armed conflict. The unpredictability of war could change that in a matter of days, however, and if that happened we would not want the world to turn its back on us. 

Anne O’Rorke, the founder of TIAFI, had been working in Turkey before opening the community centre and she saw how little assistance Syrian refugees were getting and how much safe haven for them was needed. 

With these things in mind she established TIAFI Community Centre in 2017. What started off as an empty building with no doors and windows is now a colorful, welcoming space where refugees can find refuge from discrimination and injustice. 

Art - TIAFI
TIAFI community centre is decorated with art made by Syrian refugee children | Photo: Katarzyna Rybarczyk

It is impossible to put TIAFI’s activities into one category as the centre manages a wide range of programmes designed to help refugees, particularly women who have lost their husbands, create new lives in Izmir. 

TIAFI organises workshops during which Syrian refugee women learn how to make clothes or jewelry. The items they make are then sold online so the women are not only learning useful skills that can help them find employment but also they can feel proud of the fact that people not only in Turkey but around Europe want to purchase their work. These workshops also strengthen their creativity and give them the chance to pursue their passions. 

Another aspect of TIAFI’s work is hosting phone repair classes for refugee women. The knowledge they gain there prepares the grounds for them establishing their own small businesses where they take broken mobile phones in and fix them in exchange for payment. They can even run such enterprises from the comfort of their own homes, which makes it a perfect option for women who are single mothers.

TIAFI runs programmes not only for refugee women but also for children. Even though many Syrian children are too young to understand what exactly war is, they have already been traumatised by it. When they come to the centre, they can forget about the scary things they saw in Syria and during the journey to Turkey, however. They get help with homework, dance, sing, and play with their peers. They can also eat a nutritious meal for free because often they do not have one waiting for them at home. 

Refugee---Children
TIAFI offers support to refugee children who have been traumatised by war |
Photo: Katarzyna Rybarczyk

Sadly, some children TIAFI works with are experiencing not only psychological but also physical trauma and have lost their limbs in bomb blasts. For them, as well as children who were born with disabilities, TIAFI organises exercise classes during which they can improve their motor skills. The NGO also provides children with devices such as wheelchairs and prosthetics that are essential for their development but that their families would not be able to afford otherwise. 

Giving refugees food and clothes, helping them develop their professional skills and assisting them with finding employment are all extremely important but TIAFI understands that empowering refugees takes more than that. It is a long process of teaching them how to reshape their fractured identity, of showing them that, even though it might take a while, they can heal their wounds and find happiness again. 

Economic crisis in Turkey is taking its toll on Syrian refugees  

As Turkey’s economy is struggling and prices of basic goods and services are increasing daily, the poorest, which includes Syrian refugees, are amongst the most affected. 

With Turkish lira losing as much as forty-eight per cent of its value this year, basic goods such as food products and medicines have become unaffordable for many. Thousands of migrants who were already vulnerable before have now been pushed into extreme poverty. 

Rents are going up rapidly so families live in fear of not being able to cover the costs and losing their homes. Once they pay rent and utility bills they have very few liras to purchase food and other essential products so often they have no choice but to skip meals to save money. 

One can go to the shop one day and purchase something, come back the next day to buy the same thing and see that the price went up by 10 liras or more overnight. These changes are particularly difficult for those who have to carefully plan their expenses and who do not have regular income.

As food is becoming a luxury for some, increasing numbers of refugees, as well as poor Turks living in Izmir, rely on TIAFI for assistance. 

‘We used to give out 200 portions of food a day. Now we see around 350 people coming in each day to eat a free warm meal,’ said Anne, the founder of TIAFI. 

On top of that, the currency crisis in Turkey has led to a rise in anti-refugee sentiments as some Turks blame refugees for ‘stealing’ their jobs and putting an additional strain on the country’s services. 

Running a centre for refugees is not easy

The economic crisis is a big challenge for TIAFI because the costs of running the community centre are rising and ways to secure more funding are limited.

Many people refrain from donating money to NGOs wrongly assuming that they need to send large amounts to make a difference. In reality, however, even the smallest amounts can have a positive impact in the lives of refugees and every attempt to help others, especially if we ourselves do not have much, is highly valued.  

Getting more funds is not the most difficult thing about running the community centre, however. 

‘The biggest challenge in working with refugees is giving them hope, teaching them what it means to dream, showing them that there is a future,’ Anne told me. 

Most of us take dreaming for granted as we do it automatically, often without even realising that we’re dreaming. Our dreams vary in kinds and shapes, but what they have in common is that they give us hope that something nice could happen in the future. 

And yet, if someone has lost everything they ever worked for and loved, and for years have been subjected to degrading treatment and suffering, having dreams is not a natural thing. For them, thinking that one day that could change is beyond belief. 

That is why the process of refugee integration takes time and it is important to celebrate even the smallest achievements. 

There are countless things everyone can learn from Anne and her team; perseverance in trying to do good despite obstacles, bravery, compassion, and unstinting devotion to fighting for human dignity. Above all, however, TIAFI shows how important it is to care about those who have been less fortunate in life than us. 

Refugees are humans like anyone else with warm hearts and ambitions but they were unlucky enough to find themselves in the midst of dangerous times filled with bombing campaigns rather than smiles. The more people realise it and stop being indifferent to it, the sooner refugees will succeed at rebuilding their lives and geting back what has been taken away from them.

About the Author

Katarzyna RybarczykKatarzyna Rybarczyk is a Political Correspondent for Immigration Advice Service, an immigration law firm operating globally and providing legal aid to forcibly displaced persons. Through her articles, she aims to raise awareness about security threats worldwide and the challenges facing communities living in low and middle-income countries.

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