7 reasons to be an entrepreneur in the best area: IT

05 December 2018

Being an entrepreneur is a great adventure. And adventures are not usually for anyone. They demand a lot of discipline, the vision of the future, personal delivery, multi-disciplinarity, persistence … and courage, just to mention some of the qualities that this condition demands. Incidentally, the adventure has everything to do with dynamism and the latter is intrinsic to the area of Information Technology: by far the best area to undertake. Let us see 7 points that justify this opinion:

1. Endless fields of activity:

When it comes to IT, you can program, support proprietary software packages, computer maintenance, project consulting, training, build a virtual store, and a range of options limited only by the entrepreneur’s creativity.

2. Initial investment flexibility:

Due to many possible business options in IT, the most varied initial investment volumes are possible to start your dream, after all, you do not always need a physical structure besides a computer and an internet connection.

3. No compulsory upper level:

While in traditional professions registration in class organs are required, in IT (fortunately for some and unfortunately for others) it is possible to provide services even without a straw in hand. Making it clear, obviously, the study makes a lot of difference when it comes to successful entrepreneurs.

4. Free online support resources:

On the internet you find everything, but when it comes to information technology, it dominates much of this “everything”, many interesting communities, highly specialized forums, and can enjoy the help of high-level professionals, all at the lowest possible cost or even for free. The internet provides almost everything including when you want to find a cheap essay writing service.

5. Reduced bureaucracy:

Keeping high costs with the open company may not be necessary in some cases, as it is very common and almost a rule in other fields of activity. This can guarantee you a good life until you settle down and start for a formalization of your business.

6. More diversification, more chances of success!

The inherent versatility of Information Technology allows this ease of strategy change between different products and services with reduced cost, taking advantage of the demand of the moment. Your company can, in addition to selling products, provide support, training, business consulting, among many other activities.

7. Ability to reach – A global market!

With remote access and other resources, it is possible to keep customers in various places in Brazil and around the world, regardless of the activity within IT and at the same time keep a relatively low cost. This means high competitiveness, especially for a small business that is taking its first steps.

To undertake in times of crisis? Yes, why not? Undertake in an area that is in crisis counter-hand! Economists have a very common adage that serves as the basis for the investment decision: do not put all the eggs in the same basket. Unfortunately, your job is not (or at least no longer) a place so safe due to the current economic moment that the world lives, then having other alternative sources of income is a simple matter of survival.

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Making Sure You’re SOX Compliant

The Sarbanes-Oxley Act (SOX) is a federal law established in 2002 to combat corporate fraud. The act requires public companies, private companies with more than 500 employees, and bank holding companies to maintain adequate internal control systems. If you are one of these organizations, then this blog post will go over the SOX requirements to help you become SOX compliant! What is SOX Compliance? SOX compliance is a set of regulations created to protect investors and the financial markets from fraudulent activities. The act requires organizations listed above to test their internal controls through an independent third party, such as AICPA or COSO. In addition, they must document all findings in detail and implement changes that will correct any deficiencies. The Four Areas of Compliance Are: Financial reporting (SOX 404)- This section requires businesses to have adequate internal financial controls. Internal control structure (SOX 302)- This area ensures your business has procedures and documentation for employees responsible for recording transactions, processing payments, and monitoring risk. Compliance with laws/regulations (SOX 404)- SOX compliance provides a set of procedures to help monitor compliance with laws and regulations. Internal audit function (SOX 404)- This area ensures your business has an internal auditing system in place that reviews financial transactions, lines of authority, IT security controls, physical access, etc. Why it’s Important to be Compliant The consequences for failing to become compliant with SOX can be serious. Not only can your organization face fines and penalties up to USD 15 million, but you might even cause a financial crisis in the market! The SEC has increased their monitoring of companies required to comply with these regulations and will take immediate action when they see any signs of misconduct. How to Stay Compliant There are five ways that you can maintain compliance with SOX. You must have a clear understanding of the risks facing your organization, establish internal controls to minimize those risks, create an environment for open communication between management and employees, avoid conflicts of interest within the company, and finally document all policies following these rules. If you need help making sure you’re SOX compliant, then don’t hesitate to contact our compliance experts! Tools for Staying Compliant If you are looking for a way to simplify being SOX compliant, hire experts to help you. You can find a wide range of companies specializing in SOX compliance, and they will save you from having to deal with headaches. In addition, most experts can help you meet all your deadlines for each stage of the audit process! Resources for Staying Compliant The SEC has an excellent FAQ section that will give you the answers to any questions about SOX compliance and what it means for your organization. The COSO ERM Framework is another great tool that can be used by managers who want a better understanding of how to create an efficient company. Ensuring that your company is SOX compliant can seem like more than you want to take on, but it’s not as difficult or overwhelming as some might make it out to be. If you are having trouble understanding the requirements of this legislation, talk with us about how our team can help. We have a wealth of knowledge and experience in dealing with complex compliance issues for small businesses just like yours! Read Also: Principles for Leading Your Company through COVID-19 Crisis How to Register Your Company in China Fast Demystifying the Duty of a Company Secretary in Hong Kong Why In-Company Training Results in Better Employees

The Top 3 Reasons That You MUST Get Equipment Insurance Before Starting Your Job

If you are in charge of a business or you are going to be the head honcho of a project, then you need to make sure that your equipment, your employees, and yourself are all protected if something happens to your gear. If something happens while you are working on a project - such as accidental damage to equipment, third party property damage, or theft of your valuable gear -then you need insurance to make sure that you are covered and will not have to pay hefty out of pocket expenses for any damage or replacement equipment needed. But how do you protect yourself and your gear? You can use equipment insurance to make sure that you avoid any expensive fees that can occur without taking the necessary precautions. If you avoid purchasing insurance, this can lead to expensive up-front costs on replacing gear, paying third parties for any damage, and legal battles that can arise from negligence claims. Let’s see more a few reasons why you absolutely must purchase equipment insurance before starting your job! 3 reasons equipment insurance is a MUST for all businesses Business equipment insurance is the best way that you can safeguard yourself, your employees, and your business. By purchasing this type of insurance, you can cover any damage to your equipment or any loss of property that might occur during the project or duration of your business venture. If you find that your business would seriously falter without the use of certain pieces of equipment, then you should purchase equipment insurance to make sure that you do not fall behind on schedule and your business productivity does not fall by the wayside if something is damaged. 1. Wide scope of coverage One of the main reasons why you absolutely need to purchase an insurance is so you can protect yourself against various scenarios. Instead of just protecting yourself against one type of accident or claim, you can purchase equipment insurance to make sure you are covered in case of any type of accident or damage. Equipment insurance covers you from fire, explosions, thieves, storms, floods, impact by vehicle, earthquakes, riots, and much more! 2. Anywhere in the world The next reason to purchase equipment insurance is so you can be protected anywhere that you travel. If you are going somewhere for business with your gear, then make sure you purchase equipment insurance to keep you protected even while you are out of the country. 3. You can choose the type of package and plan The last reason to purchase equipment insurance is that you can customize the type of plan and package that you want. Instead of having to purchase a specific type of insurance, you can choose what you want to have covered under warranty and what you do not need to be included! Conclusion To make sure you and your business stay safe and protected, purchasing equipment insurance is the way to go! Avoid anything from hurting your equipment and your reputation in the industry by purchasing equipment insurance for your business. Read Also: How to Choose Insurance When Launching Your HHA Business Business Insurance Covering Tree Trimmers: Insurance Policies You Need To Know

Five Reasons Why Freelancers Should Use a Coworking Space

Being a freelancer can be an empowering job. You have the freedom to move around and work from anywhere, you can pick and choose which jobs you want to take, and at the end of the day, you answer only to yourself. However, freelancing is not without its challenges. Working alone can be isolating. You lack the camaraderie of traditional office jobs, and your friends may not relate to your struggles and challenges. For this reason and more, freelancers should consider investing in coworking spaces. Here are just a few of the career-boosting benefits to be gained: 1.Networking Opportunities Networking on a daily basis can be challenging for freelancers. Unless you are actively working your LinkedIn contacts or attending local networking events, you rarely get the opportunity to talk about your work with outside parties. Working in a coworking space immerses you in a shared setting with people from different organizations. While everyone in the shared space is there to do their work, it is easy to strike up a conversation while waiting for the coffee to perk or during a break. You may find that your neighbor not only has a penchant for caffeine but also needs a freelancer for future projects. 2.Removes Household Distractions Sometimes the biggest challenge to freelancing is the most mundane: housework. When you are a freelancer, sometimes your office doubles as your kitchen or living room. While the small task of putting in a load of laundry or unloading the dishwasher doesn’t seem like much, these time-consuming distractions can add up. There’s also the added sense of guilt work-from-home individuals often face, feeling like, even though they are working, they should be doing more to maintain their home. Leaving the house doesn’t make your dishes magically disappear, but it does put them out of sight and out of mind so you can focus on your work. 3.Reduces Isolation and Depression Social interaction plays a huge role in mental health, even for introverts who thrive on solo work. Freelance work can be an amazing opportunity for someone who struggles with depression and social anxiety, but it can also contribute to these disorders. Going to a coworking space gives you a reason to get up, get dressed, and get out of the house in the morning. Even if you don’t have a meaningful conversation with anyone, you will benefit from being immersed in a social environment. In a virtual world, face-to-face social interaction is a rare commodity with surprising antidepressant benefits. 4.Better Productivity Statistics show that people working in a coworking space have 68% better focus overall and 64% better adherence to deadlines. This boost in productivity may be a culmination of the other factors on this list, but the numbers speak for themselves. If you find yourself in a motivational slump or know you have a large amount of work to get through before a deadline, working in a coworking space may be the boost you need to charge through and get things done. 5.Changing The Scenery It is estimated that by the end of 2017, over one million people will have worked in a coworking space. This growing trend has created market demand for coworking businesses around the globe. As such, there are different options to choose from. As a freelancer, you could work in different places at different times of the year. Depending on the commitment requirements of the space-- and the cost implications-- you could keep things fresh by changing coworking locations on a regular basis. On the other hand, if you find a particular provider you enjoy, you could check out their coworking spaces in other parts of the world. This opportunity will fuel both your social needs and your travel bug in one shot. Refuse to Settle These are just a few reasons why you should consider investing in a coworking space as a freelancer. With libraries reaching capacity throughout the day and coffee shops changing their time and laptop use limits, a coworking space is a perfect opportunity to get your work done in a fresh, engaging environment. Read More: Questions To Ask When Working With A Web Developer Why Your Business Should Care About Social Responsibility Top 4 Reasons To Outsource White Label PPC For Your Business 10 Reasons Why Automation Of Procure-To-Pay Cycle Is Critical

7 reasons to be an entrepreneur in the best area: IT

1. Endless fields of activity:

2. Initial investment flexibility:

3. No compulsory upper level:

4. Free online support resources:

5. Reduced bureaucracy:

6. More diversification, more chances of success!

7. Ability to reach – A global market!

How to Design a Killer Business Card

5 Signs That Your Business Might Need Custom Software

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Making Sure You’re SOX Compliant

The Top 3 Reasons That You MUST Get Equipment Insurance Before Starting Your Job

Five Reasons Why Freelancers Should Use a Coworking Space

7 reasons to be an entrepreneur in the best area: IT

1. Endless fields of activity:

2. Initial investment flexibility:

3. No compulsory upper level:

4. Free online support resources:

5. Reduced bureaucracy:

6. More diversification, more chances of success!

7. Ability to reach – A global market!

Share this Article

How to Design a Killer Business Card

5 Signs That Your Business Might Need Custom Software

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related