Category Archives: Articles

What to Consider When Starting an Online Business from Home

The internet has opened up a world of possibilities for different users. Apart from being used as a means of communication, the internet has also enabled many people to earn a living. You don’t have to be employed by a company or work in an office to earn your income. As long as you have a reliable internet connection, you can start an online business from home. The web acts as the sales space that allows your customers to view what you are selling and make a purchase.

But before starting an online business from home, it’s important to consider the following:

  1. Security

If you are going to start an online business, you need to implement cybersecurity measures so as to protect your firm from hackers. Install the latest antivirus and malware protection tool. You should also use a secure sockets layer (SSL) for your website. SSL encrypts your website and prevents unauthorized personnel from accessing the back-end and stealing crucial information. You should also look for credible providers of merchant solutions to enable secure processing of non-cash payments. If you intend on keeping inventory and expensive equipment in the house, you should also invest in a home business security system to keep burglars from breaking in and stealing what you have.

  1. Website Traffic

If you want your online business to be successful, you need a plan on how you can increase the website’s traffic. The more people visit your site, the more likely you are to sell products. Consider investing in search engine optimization efforts, particularly content creation. Use pay-per-click metrics to further optimize your search rankings. You can also use targeted advertising to focus on those people interested in your products. This method uses cookies to track down a user’s online activity and their interests. Those that share your interests see your website’s ad. Targeted advertising also focuses on those that have visited your website before. If they made a purchase previously, the advert entices them to buy again. If the visitor didn’t buy anything on the first visit, targeted advertising entices him or her to complete the purchase.

  1. Regulation

Before you start, be aware of the laws that govern online business transactions. Furthermore, always remember that working from home doesn’t exempt you from paying taxes. You have to file your income returns if it’s a sole proprietorship or your company returns if you run the website as a corporation. You should also find out if the online business you intend to start is legal in your state or if it comes with additional requirements. Do not venture into an online business without any knowledge of local regulations because your business can collapse before it even begins.

The internet has made it easier than ever before to start a small business from home. Keeping that business running and turning a profit, however, remains as challenging as it’s ever been. Those who have security, marketing, and the law in mind will stand a far better chance than those who don’t. Set about understanding how these factors relate to your online business run from home to ensure it’s as much a success as possible.

The error of educating by teaching unconditional love

Accepting inappropriate attitudes in children means that we don’t want them to grow strong and independent. It is also not to prepare them for the reality of adult life. It is easy to understand the reasons why almost all of us get lost as educators. The discoveries of psychoanalysis about the importance of the first years of life have left us very fearful of causing irreparable traumas to our children. We prefer, then, to be mistaken for lack of rigor than for excessive rigor. In order not to “traumatize” the children, we have even feared disappointing or frustrating them; which they perceive as weakness and try to abuse our insecurity.

Now, what can’t continue to happen is passivity before the fact that we have to educate our children. We can’t shrink from that responsibility just because we have become more aware of the risks we run. It would be the same as if doctors refused to perform surgical operations because there is a risk of failure and even death of the patient. And some things that seem indisputable: we have to transfer to each new generation the minimum moral principles that govern our life together; we have to teach them to have the hygiene habits that we have learned and that are so important for good health; we must transmit to them the essential knowledge of the language, of mathematics, of the sciences, in short, of everything that our species with as much sacrifice has managed to collect as to know, throughout millennia of civilization.  We can discuss what is the best way to make education as efficient and as frustrating as possible. We can discuss what kind of method the school should use to transfer knowledge to children; but we can’t interfere with the need for this to happen. It is not reasonable for young people to arrive at the university without even knowing how to write in their language. This does not lead to anything, both for their personal life and from the point of view of the community. We can discuss whether punishing inappropriate behavior is or is not more efficient than rewarding those that are considered appropriate. But we can’t allow our children to grow negligent in that there are other creatures on Earth and that they have equal rights, which must be respected. In conclusion, without firmness, we will instead plunge our children into various difficulties in the future.


Want to Invest in ELSS Funds? Avoid these 5 Mistakes at all Costs

The ELSS schemes in mutual funds are an ideal alternative to the traditional ways to save taxes like PPF and ULIP. But before investing in these funds, make sure that you know the five mistakes commonly committed by new investors.

Most experts agree that Equity Linked Savings Schemes, popularly known as ELSS, is one of the best ways to save taxes. ELSS schemes are eligible under Section 80C of the IT Act and can be used to save up to INR. 1.5 lakhs in taxes in a fiscal year.

A major reason for the rising popularity of these schemes is the fact that they don’t just allow you to save taxes but also hold the excellent potential to generate handsome returns.

However, a large number of new investors end up committing deadly mistakes which costs them a lot of money at times. If you are planning to invest in ELSS, these are five common mistakes that you should avoid at all costs-

  1. Starting Late

The majority of the people do not begin planning their taxes until the last quarter of the fiscal year. Amid the last minute rush, they generally end up investing a lump sum amount in any of the top performing ELSS without a thorough analysis.

This could not only lead to wrong selection but also result in a cash crunch. Thus, it is better to start planning your taxes right when the fiscal year begins. If you want to invest in ELSS, SIP is mostly a better option as compared to lump sum investment.

  1. Exiting the Fund As Soon As the Lock-in Period is Over

ELSS has a lock-in period of 3 years which is lower than other tax-saving options like long-term deposits and PPF which have a minimum lock-in of 5 years. But a lot of investors redeem the units as soon as this lock-in of 3 years is over.

The lock-in period in these schemes is only for the tax break, and you can continue holding your position as long as you want. If your investment in ELSS has generated good returns by the end of the lock-in period and you don’t need the money, you should continue holding your position to earn even better profits.

  1. Investing in Multiple ELSS

Every time an ELSS becomes a top performer, a large number of investors end up investing in it. Over a period of time, these investors find themselves struggling with multiple ELSS from different AMCs in their portfolio.

Rather than investing in a new fund every time it delivers impressive returns, it is better to stick to 1-2 carefully selected schemes. This would make it easier for you to track their performance. If you want to invest more, you can stick with the plans you already have in your portfolio.

  1. Picking Schemes Solely Based on Returns Expected

While your primary goal with any type of investment is to generate returns, there are other important things that you should look into before selecting a scheme for your investment. The plan you choose should appropriately match you, your objective, and view.

For instance, if you’re a conservative investor, a scheme which takes a lot of risks to generate higher returns might not be the best choice for you.

  1. Not Considering ELSS after Exhausting 80C Limits

ELSS funds are equity schemes which allow you to save taxes too. Most investors generally fail to remember the primary objective of ELSS which is long-term wealth generation. As a result, they do not consider ELSS once they’ve already exhausted their 80C limits.

In fact, a lot of ELSS schemes generate returns better than large-cap equity funds. So, even if you’ve exhausted your 80C limit of INR. 1.5 lakhs, you can still consider ELSS for wealth generation.

ELSS offers a great combination of wealth generation and tax savings. If you are planning to invest in them, these are the five mistakes that you should certainly avoid.


Importance of landscaping your property

As a homeowner, it is normal to look for ways of getting your property to show its potential value. This can be achieved by having a landscape done on your compound. These are the reasons why landscaping is quite important;

The first thing about landscapes is they are important for a healthy living, they also offer a good breeze in the air and they obviously make the surrounding attractive. So you can design your compound look attractive in numerous types of ways. You can try any type of landscapes from experts such as Water Wise Landscape and have it well maintained.

It makes your property look both pleasant and attractive. The degree of level of appeal by a particular property is achieved from the amount of time and effort invested in landscaping. A good landscaping will ensure your compound looks attractive.

Landscaping is a good way of incorporating natural resources into beautifying your compound. With landscaping, you do not have to get rid of trees and other plants as you can integrate them in making your compound attractive.

Landscaping increases the value of your home a tenfold. A well-designed landscape is attractive and will cost quite a figure when you want to sell it. To maintain the value of the compound you will have to have it well maintained.

There are a variety of landscape designs which you can apply on your compound. You can choose a natural one or anything you are inspired by. You just have to keep it well maintained to make sure that is attractive all through.

A building which has its surrounding not all that pleasant is not as awesome when you come to think about it carefully. The surrounding matters a lot; so the walking paths, the lawns, the garden, and the flower beds have to be well designed to match with the building.

Risks of Property Development

Property development is a lucrative business if you start off well and you know what you are doing. There are tons of property developers who have made it in this business. They have learnt how to craft their business for an outcome that out rightly favors them and puts them on the map as successful developers. The likes of Aaron Coupe stand out for the knowledge and ability they have in property development.

There are a myriad of websites like this one that give more insight on this topic. It is however of importance to carry out some research on this endeavor before venturing out. This is because, as we will learn below, the risks involved can be devastating and crippling to mention the least. So it is a business that needs wisdom and patience. Let us look at those risks.

1. Inexperience

This is the greatest risk for the beginning developers. Their lack of knowledge in this field can send them spiraling down in no time. However, experts and financial advisers help eliminate this risk.

2. Financial factors

All property developers should set aside a contingency fund for any unforeseen emergency during construction or refurbishment of property.

3. Market values

The value of the property may rise or fall and your capital will be affected. Furthermore, you have no guarantee that there will be demand for the property upon completion. Smaller and quicker turnarounds may be less risky as the time is short.

4. Interest rate rising

If you have borrowed or taken a loan, keep in mind that the interest rates may rise which will cause development costs to go higher.

These are the major risks but there are others like construction risks, dealing with the wrong consultants or even setting your costs on the lower side.