Are Only Bad Businesses For Sale?

There are many legitimate reasons to sell a good businessAs a business broker in Thailand, or anywhere for that matter, the first question we are often asked after presenting a business for sale is: “If this business is so great, why would the owner be selling it?” It’s a good question; so let’s explore why someone would sell a good, healthy, and profitable business.Obviously we have all seen less-than-desirable businesses for sale or businesses that aren’t making enough income for the owners. But there are also many businesses up for sale for reasons completely unlinked to profitability, growth, potential, and overall business health. Business transfer industry statistics have proven, time and time again, that the number one reason a business owner is selling a business is boredom or the loss of the original excitement and challenge in their business.Remember that most business owners, especially those who started their business from scratch, are born entrepreneurs. This means that they love the challenge and excitement of a new venture and strive to make the business reach a certain level of success. Often, when this business reaches that level, the business only requires minor management to keep it going successfully, and the challenge and excitement are no longer there for the owner; thus that original luster that inspired the owner is lost. They become bored and begin to look for new challenges.This is a great situation for you, the business buyer, to walk into as you are getting a business that has been built to a level where it’s successful. Now you can come in and take over the helm, allowing the seller the freedom to go out and find that new venture. It’s a win-win situation.Many of us, including sellers of good businesses, have families and other influences in our lives that pull us in different directions. Sometimes the health of the seller, a death of a family member, a divorce, or the birth of a new child can also be a catalyst for a business owner to make the decision to sell. This again can create a win-win situation that allows you as the buyer to get into your dream business, while allowing the seller the freedom needed to attend to other parts of their lives that are often times more important than their business.Currently, we are all facing a global economic recession which has also changed many aspects of our lives. Being that a business can often be one of the most valuable assets in a business owner’s life, a need for cash can also prompt him to make the move from owner to seller. This can happen for many reason and means that a buyer can often get a good business on great terms. In times like these, liquid cash is highly valuable. Savvy buyers know this and should be able to use the opportunity to strike a good deal on a great business that may have not been possible before.We must all remember that everyone has different needs and motivations. As Bangkok-based business brokers, we strive to offer the most desirable businesses to our buyers by only representing businesses we would consider buying ourselves. We realize that most buyers are looking to supplement or increase their income, equity, and net worth through the acquisition of these profitable businesses; and it shows in our Thailand business-listing inventory. Whether you are a buyer looking for a solid business and/or a new challenge or you are a business owner with a good business to sell, we at Elite Business Group are happy to help you reach your goals.For more information or to view business opportunities and Thailand’s best businesses for sale, please call us at +66(2)-658-5588 or visit www.elitebusinessthailand.com

Buy Automotive Insurance Online – Save Time and Money

There are many automotive insurance options online. But before buying, try to look for various websites and get quotes from different insurance companies for your car. Of course as a consumer, you want to have a good idea of the price ranges on the market.You should know as much as possible the different types of policies available and the typical rates. Be sure that the company online are reliable since for sure you don’t want to be empty handed when filing an accident claim, if ever there is accidents occur.Although there are reputable companies on the internet that offer great deals in rates and coverage with good benefits. As you can see, there are easy and convenient ways to buy many different types of products through the internet and even automotive insurance, you can purchase it online.What is good in internet is that you can browse any time of day of your choice especially if you have your own computer at home. Most of the online automotive insurance, when getting a quote, you need to fill up some information and you need to be honest in filling it up so you can get the exact quote.Most of the quotes online are free since that is one of the services of insurance companies where they can gain consumers or customer. After gathering the automotive insurance quotes.Try to look over and decide which company give the best deal to do business with and always remember that the higher the deductible, the higher also is the premium. It is natural for the consumer to look for the cheaper price of auto insurance due to economic crises.The reason why we choose a cheaper automotive insurance with good deals is that in order to have someone to lean on when needed, when there is an accident since accident will come unexpectedly without knowing. An automotive insurance that can pay claims when obligated to, so financially stability of the insurance company is also one thing to look into.The insurance companies also have weighs every risk factors differently that is why their reason for so much disparity between rates, the reason they have different quotes from each insurance companies. With the large number of insurers everywhere out in the market, you cannot avoid competition and some even lure policyholder.As consumer, the satisfaction and reliability is what they are looking for when getting an automotive insurance. Recommendation from a friend or family is also a good idea of finding a reliable car insurance. When buying an automotive insurance online, be sure the company have reputable record and give you the best deal of your needs.Not all the time, auto insurance online give the great deal that is why one need to do some research and find insurance company that can give the best deal of one’s need.So be careful and be patient in doing your searching in finding a good reputable insurance company for your car before making a final decision on buying online.

Crypto Currency Vs Fiat Currency

Crypto currency vs. Fiat currency

Are you aware of the fiat currencies and the crypto currencies? They both are currencies in one form or the other and are open for public use across the world. But they are both different and distinct in their own ways. There is always one group that favors the use of cryptos, while the other has a soft corner for the fiat currencies.

In cashless society- crypto money play a huge role

If you have a look at the market of the 1970s and 1980s, you will find that the cash played the dominant role. But, with the change in the technology, electronic transactions have become the usual norm. Today, more and more people are influenced in becoming the cashless society. With the progress towards the cashless society, cryptocurrencies have a big role to play.

Crypto currency and fiat currency are always at loggerheads

Cryptocurrency and fiat currency are popular types of digital currency, especially when it is about an online transaction. They both are currencies currently in use in the market but have some differences in them. There is a hell lot of hypes that you will hear on a daily basis comparing the crypto money and the fiat money. This article will highlight the difference between the two in a more comprehensive and clear manner.

Differentiating in what the currencies stand for

Before going for the difference between the two, you must understand what do they stand for and how are they are defined.

The fiat currency is a legal tender that has the support of the central government, and it operates in the physical form. For instance, US dollars, British Pounds, Euro etc. On the other hand, the crypto currency is a non-legal tender, and doesn’t have any backup from the central government or bank.
Hence, the difference between crypto currency and fiat currency is noted as follows:

• Crypto-currencies are decentralized and global in nature. There are no one entity or government that controls the currency with their laws and regulations. The Fiat currency is centralized, under the control of the laws and regulations of the banks and government.

• Crypto-currencies have their existence only in the digital domain. On the other hand, you will find that the fiat currencies have a tangible and physical existence.

• There is a limited supply of crypto-currencies with a maximum set of them getting supplied in the market. Whereas, the fiat money has an unlimited supply as the government and bank are entitled to produce coins and paper money whenever the situation is required.

• The Bitcoin and other crypto type currencies are created by the computers, while the fiat currencies are issued by the local government and the banks.

• Cryptocurrencies are presented as the public and private code pieces. On the other hand, the fiat currencies are presented in the form of coins and paper money.

• The value of the crypto currencies is not recognized by the supply and demand of the market. Whereas, the fiat currency value is determined by the market regulations of supply and demand.

The different types of crypto and fiat currencies

In the last one decade, the popularity of crypto type currencies has emerged as a huge success. It was in 2009, when Bitcoin was first introduced, and years after several other types of crypto currencies have emerged. Starting from Litecoin. Dogecoin, Ripple to the Dcash and Zcash, there is a plethora of them. On the other hand, the fiat currency has a rich and ancient roots, with the Great British Pound, that dates back to 775 AD. It is considered as the oldest currency in the world that is still in use.

The differences in the anonymity between the two currencies

When you are using the fiat currencies, you need to undergo a user identification or verification process. You are asked to upload a recent picture of yourself and some of the required documents to be issued as per the public authorities. You don’t need to undergo any of the required processes with the crypto currencies. Though your personal information and confidential details don’t get public, but all your transactions are recorded and tracked in both the fiat and the crypto currencies.

Fiat currency vs crypto currency: transparency level

• The transparency level with the crypto type currencies are considered to be more. This is because the revenue streams are displayed in a public chain. Everyone can witness their own and others’ transactions.

• The fiat or govt. currencies are not transparent, as there are not public chains to see the revenue streams of the people.

A comparative historical roots

If you compare the crypto money with that of its counterpart, fiat or government currency, you will find that their existence and creation brings the difference. The Fiat or government currency, dates back its existence as early as 775 AD with the introduction of the Great British Pound. This is why fiat type currency is easily accepted by the people all over.

On the other hand, the crypto coin was perhaps first introduced only a decade ago, with the introduction of Bitcoin in 2009. The challenge that the Bitcoin and other crypto currencies face is catching up with the immense popularity and increasing fan base of the fiat currency. Crypto currency, is no doubt gaining importance and popularity in the economic market, but it has still not been accepted widely in the society as the fiat currency.

A comparative history of the two currencies:

• It was in the 11th century, when the Chinese Song dynasty was perhaps the first one to issue the paper money. It was not allowed to exchange with valuables like gold and silver or silk.

• There were Tally sticks that were introduced as a fiat or government currency. 1100 Tally sticks were introduced as a combat for the shortages in gold.

• 1971, was the year, when the fiat currency received a worldwide recognition. President Nixon introduced it in order to eliminate the dollar pegging system to gold.

• It was in 1998, when the idea of an anonymous electronic cash system emerged by Wei Dai. Bitgold-the very first crypto currency was created by Nick Szabo, but it didn’t receive as much attention as Bitcoin.

• In 2009, Bitcoin was introduced in the market, that became the first crypto currency that was accepted across the globe. In 2011 and after, a series of several other crypto currencies were introduced. Some of the popular ones include, Litecoin, Dogecoin, Ethereum, Ripple, Zcash, Dash and so on.

The traits of both the currencies

The potential of the crypto type currencies and fiat currencies, accessing their traits is important. You will find that in some of the criteria, Bitcoin and other crypto currency is superior than the fiat or government currency, and in some cases, the latter surpasses. It is absolutely your call to choose the type of currency (crypto type currency or fiat type currency) based on your personal needs and requirements.

Let us compare their traits with respect to certain factors.

• Both the crypto coins and fiat type currencies are interchangeable in nature.

• As per the portability is concerned both the currencies secure more or less the same position.

• With respect to the non consumable criteria, crypto currency and fiat type currency have the equal status.

• Crypto type currencies have high durability as compared to the fiat-currencies that have moderate level of durability.

• Both the crypto or virtual currencies and the fiat or government currencies ensure secure and safeguarded transactions and exchange.

• Crypto or digital currencies are highly divisible in nature. On the other hand, the fiat type currencies are moderately divisible.

• In terms of the transaction process, the crypto currencies are easy and hassle free. Whereas, on the other hand, the traction process associated with the fiat currencies are easy, but not like the cryptos.

• The crypto based currencies are decentralized and global in nature, unlike the fiat currencies that are centralized and functions under the laws and regulations of the government.

• The crypto based currencies have high scarcity, where as, the fiat currencies are unlimited as the government can issue coins and paper money whenever there is a need.

• The crypto based currencies are based on mathematical algorithms, and are programmable. The fiat currencies are not at all programmable.

• The fiat currencies are sovereign in nature, while the crypto currencies are not.

The process of the functioning of the currencies

You can find the significant differences between the crypto or digital currencies and the fiat currencies with the way they both operate and the transaction process that take place. They are contrasting in nature. The transfer of money using the Bitcoin is very quick, and you absolutely don’t need any third party association.

On the other hand, if you are involved with the money exchange using Fiat type currency, a mobile wallet is in use. You can exchange an amount of e-money that gets transferred into the equal e-value amount. Both the fiat and the crypto currencies enable you to purchase everything that you desire. But the processes involved are absolutely distinct from each other.

Depending on the things you purchase, you will find that one currency form is better than the other. This is absolutely your choice.

Is Bitcoin, a crypto currency better than the fiat-currency?

The long term benefits and the capability of the Bitcoins is still not established. But it has been predicted by the crypto currency gurus and experts, that they will go a long way, especially revolutionizing the way the online transactions are done. In the current market, the Bitcoin is mainly included in the online casinos and the gambling, but it is not limited to it.

Furthermore, when you compare the fiat currencies, the Bitcoin allows you to seize the power and authority from the banks and the government since it is not controlled. The cryptography based currency has the capability to create or come up with the free market capitals. Fiat currencies are affected by the inflation and the changes in the market, unlike the crypto based currencies. Such aspects make individuals believe that cryptograph based currencies will soon take over the mainstream currencies and bring a transformation in the way the money is used.

Why is Bitcoins considered to be a better aspect than the fiat type currencies?

• Bitcoin gives you the opportunity to re-create a free market capitalism.

• The power of controlling the money is absolutely with the individuals, and not with the banks like the fiat type currencies.

• When there is an inflation, the Bitcoin is not affected. But the Fiat type currency will be easier to lose and get affected by it.

• The Bitcoin currency is easy easier to exchange and transfer as compared to the fiat or government currencies.

• The transaction fees involved with the Bitcoin are way cheaper and easily affordable.

Crypto currencies seem to be a favorable option among the people

The fiat type currencies are the centralized and legal way of exchanging money. But, the crypto currencies have acquired immense popularity in the past few years. There will never be anyone who would act as a middle man, like the case with the banks. Moreover, the cryptos are way cheaper and less expensive that the conventional fiat currencies.

Send money anywhere directly without waiting for the bank’s approval

You can send money to anyone in the world directly, and it is super fast. The money gets cleared within a few minutes time. You don’t have to wait for the traditional clearing and verification processes of the banking systems, which might take up to several days to get a clearance. Since it is decentralized and doesn’t come under the law and regulations of the government, nobody has any power to do anything with your account.

The blockchain technology has a very big role to play

Thanks to the crypto currencies, that gives us the power and the authority to become our very own bank, and take control over our finances. It is because of the blockchain technology that offers a higher level of sophistication while dealing with the finances. In fact, there are some mainstream financial industries that have started incorporating the idea of the technology.