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When graduate from college, you have two options:
to search for your dream job at top enterprises and hope your knowledge and skills will be enough for them to hire you; or
to risk and start your business, better known as a startup today.
Which would you choose?
If you read this, you’ve made a choice already. Launching a startup is easy, and dozens of guides have been written to help you. Most of them provide one and only tip that makes sense to them: just take the first step!
Easier said than done.
Yes, you don’t want a job working for “the man”; yes, you want to become a great entrepreneur even if your business is small; and yes, you are inspired by examples of Bill Gates or Steve Jobs who were young and reckless to risk and avoid all obstacles on their way to success.
But still… What do you need to startup? What are those worldly duties you need to know before launching?First Things First
Any Tom, Dick or Harry can launch a startup in a few hours. All they need is a computer and Internet access, and that’s it: they consider themselves entrepreneurs already. What they forget about is a startup capital.
You have two variants for getting money on your business:
find investors and
apply for a loan.
The latter one is quite challenging, especially if your credit score leaves much to be desired. So, if you plan to get a business loan one day, make sure you manage your credits properly and protect your identity from scammers.Money’s In Pocket. What’s Next?
Once you’ve got a loan for your business, you should know how to manage your business credit.
These tips will help you succeed.1. Create Your Business Credit File
You need it for financial institutions to find all necessary information about your business.
Plus, make sure you’ve taken care about these steps, including:
your startup name;
your employee identification number;
registering your trade name;
getting a license;
asking localities about permits;
completing a tax form;
getting a business bank account.2. Take Care of Your Credit History
Even if you have some credit, your business loan should have a separate history. All you need to do it establish it and save the information about all expenses you spend on your startup.3. Always Pay On-Time
Good payment history is a must for every startup. Try paying the bills in time and using your credit lines carefully.4. Update Your Credit File Regularly
Always check your business file for changes, as it may affect your relations with financial institutions, customers, and partners. Make sure the information in this file is up to date (your location, the number of employees, etc.)Why Your Credit Management Is a Must
Some younger people don’t understand the significance and necessity of credit management. It helps, however, to solve several problems and make startups more profitable.
For example, your business credit management:
helps to get more finances from investors;
helps to build trust with your audience;
helps to protect your start-up from spammers and thieves;
helps to plan and make further decisions; and
helps to avoid problems with banks and other financial institutions.
Launching a startup after graduation from college is challenging and risky by all means. Anyway, with all informative resources, tools, and instruments available today, the process will not look so difficult. Take the first step, take care of your start-up capital, and make your dreams come true!
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From blockchain-based philanthropy to crowdfunding culturally historical NFT collecting efforts, DAOs have risen to prominence as the defacto organizational structure in Web3. But what makes these types of organizations so unique? In this guide, we’ll explain what a DAO is, lay out the steps for DAO creation, important decisions to consider, and best practices for successful operation.WTF is a DAO?
So what is a DAO? Let’s start with the basics. By definition, as listed in our NFT dictionary:
“A DAO (a decentralized autonomous organization) is a type of organization that is run on the blockchain through the use of smart contracts. The smart contracts lay out the rules that govern the DAO and are used to execute decisions. Unlike traditional businesses and organizations, where decisions are governed by centralized primary shareholders, DAOs are operated by a community of token holders. All governance token holders in a DAO are able to vote and have a say in key decisions. If a proposal achieves a predefined level of consensus (like a certain number of votes), it is accepted and executed according to the rules within the smart contract.”
DAOs have been (and continue to be) formed around a wide range of use cases. This includes financing digitally-native projects (NFTs), administering grants (Aave Protocol), building communities (Friends With Benefits), acquiring cultural collectibles (ConstitutionDAO), private investing (Krause House), media and content creation (Bankless), and more.The caveats of a DAO
In theory, DAOs should act as a more ethical and transparent way to operate organizations. Not only do they eliminate the need for centralized, hierarchical decision-making, but they also successfully align incentives among all stakeholders. This upgrades users and contributors of the organization into genuine investors and owners. By opting for community ownership, DAOs allow those actively working in the organization to have a say in critical decisions regarding its future.
But, while successful DAOs do create a circular ecosystem that operates without a single individual having the final say, it’s important to note that all DAOs still contain orders of power. In most DAOs, an individual’s contribution level is often rewarded with governance tokens. Those who contribute the most also hold the most governance tokens and, therefore, the highest reputational voting power.
DAOs are novel, which is why many are still working through operational roadblocks. Collaborative decision-making takes time and requires full community buy-in for a DAO to run smoothly. Reaching a consensus can be challenging. Even getting a proposal to the voting stage can be difficult if too many parties are involved in the early stages of a DAO’s formation.
With this difficulty comes operational risk, according to Lauren Kacher, founder of Alterrage, the first DAO-led fashion label. “It’s important to determine the amount of risk you are willing to take on from the start,” Kacher said in an interview with nft now. “DAOs bring great opportunity for growth, but at the risk of losing control without proper fundamentals.”
Compared to corporations and formal organizations, DAOs also bring sizable security risks. Web3 is still very much a wild west, and we’ve seen even the most iron-clad smart contracts get hacked. So, before moving forward in your DAO formation, you must have a team of skilled developers and multiple risk mitigation plans in place.When to start a DAO
Before forming or transitioning to a DAO structure, a range of considerations must be made. To start, potential organizers should focus on two core areas: purpose and utility. It’s important to note that DAOs are neither practical nor favorable for all use cases, and many areas still need improvement.
Should you be interested in creating a DAO, ask yourself, “Is a DAO needed to achieve this goal?” If the answer is yes, proceed to the question, “How would our organization benefit from being able to coordinate trustlessly on the blockchain and align incentives through a complex tokenomics system?”
Only then, once you have answered both questions, should you consider the following areas of developmentHow to start a DAO Assembling a founding team, building a community
At the heart of every successful DAO lies a strong community. And at the heart of every strong community exists a core DAO formation team. When building this team, it’s essential to take the time to find the right partners. This group should go beyond being passionate about the mission you want to solve. They should also be dedicated to following through to the long-term horizon to bring about its greatest potential.Governance
It’s hard to have a true DAO without community governance. That’s why finding the proper mechanism or service for members to connect their wallets and propose, review, and vote on treasury/protocol decisions is important. With rising gas fees, on-chain voting can get expensive, so certain DAOs (and prominent projects like Doodles) rely on customizable off-chain governance tools like Snapshot to facilitate governance proposals. Ultimately, choosing whether to conduct on or off-chain voting is a decision the core DAO team makes.Token creation and allocation
Once you’ve established a community, governance mechanism, and technical infrastructure, it’s time to get strategic about the tokenomics of your DAO. In many cases, tokenomics will serve as the underlying incentive structure. But be wary, when implemented incorrectly, tokenomics can harm the integrity of a community — and even a DAO’s overall longevity.
In most DAOs, tokens are used to either reward members, vote on proposals, unlock access to other benefits, or a combination of the three. Before continuing, you should consider what purpose your tokens will serve in your DAO. Will they be used to vote on the direction of the organization? Will they hold inherent value? Can they be further staked for additional yield?
Not only will you need talent and knowledge from DAO members to create the token itself, but also to consider the impact of token supply and allocation. Given the undeniable psychological implications of supply and demand on cryptocurrency pricing, finding this sweet spot is one of the most challenging parts of starting a DAO and has been documented as such by both ENS and Uniswap.
As for allocation, it’s imperative to find the right balance between incentivizing and rewarding your community and having enough funds in the community treasury to progress toward larger goals. Again, we can’t overemphasize the importance of speaking to an attorney throughout the token creation process to ensure safety and legal compliance.Treasury
Perhaps the most crucial decision of your DAO is where to house your treasury. While a DAO treasury acts like any standard bank account, these funds will likely be the lifeblood of whatever purpose your DAO holds and should be safeguarded with the highest security. To limit the risk of bad actors and ensure that no one person has control over the DAO’s funds, most DAOs elect to create a multi-signature (multi-sig) wallet.
Multi-sig wallets require multiple people to sign blockchain transactions before they are executed. For this, Gnosis Safe and SafeSnap have become the industry standard. Gnosis also allows the storage of multiple tokens within the same wallet. For example, Gnosis can hold a mixture of both ETH and a DAO’s native governance or social token. Other examples of DAO Treasury management tools include Parcel and Llama.Dos and don’ts for your DAO
While it’s technically relatively easy to create a DAO, running one successfully is an entirely different story. But who better to learn about the ins and outs of DAO success from than those who have first-hand experience with it? In the interest of providing both a guiding light and practical testimony to this guide, we spoke with a range of DAO creators and core members to get their thoughts on the most important dos and don’ts when approaching DAOs.Learn from the experts
First off to share wisdom was the pseudonymous Web3 builder and co-creator of Krause House, Commodore, who said that without a strong community, a DAO will never be able to get off the ground. And he should know, as the Krause House encompasses a DAO with global reach that embodies the grand goal of owning and operating an NBA team.
“Getting a group of people together and acting with a DAO ethos is an incredibly powerful signal that building a DAO is worth the time,” said Commodore. “I always recommend finding 100 people via Twitter, Discord, or a podcast to see if there’s momentum in the idea. If there is, then explore as a collective how to become a DAO.”
Cooper Turley, one of the most prominent players in Web3 music and the founder of Fire Eyes DAO, echoed a similar sentiment. He argued that without product market fit, a DAO will be short-lived and that it is crucial to find a differentiated niche that will want to make members come back every day. When starting Fire Eyes, Turley made sure to take a simple and realistic approach. “Think practically and focus on a very small number of people,” he said, offering up the best practice of not overcomplicating things.
The same thing applies when considering a tokenomics structure. While it can be fun to incorporate functions like staking, burning, and game theory, there is no reason to launch things that you don’t understand. It’s much better to take a slow and steady path to success rather than try to do everything at once.
Yet a slow, steady, and simplistic ethos can also apply to a DAO’s organizational structure. Because although hierarchy is still present in all DAOs, it’s essential to eliminate the ability of a single voice or authority to dictate key decisions. In fact, the aforementioned founder of Alterrage, Kacher, credits the designing of a simple and thoughtful leadership infrastructure within her organization as a beacon of its success, offering an additional best practice of not tying your DAO to a single leader.
“At Alterrage, we don’t have one single leader, but rather seven different spheres (ex: atelier, tech, web3 architecture, etc.) that focus on core areas of the business,” said Kacher. “Each sphere is led by one ‘guide’ with additional help from three support leaders that are all equally trained. Without training or a form of leadership, members of vague DAO communities are often lost and leave out of frustration.”Streamline onboarding and documentation
In addition to the dos and don’ts laid out by those involved with DAOs, some other best practices should be considered. The first of which is accessibility because it should be simple and easy for people to learn more about how your DAO works and what it aims to do.
This discovery and onboarding flow should be one of the first action items for the core team since it’s essential for the growth of the DAO. All rules and standards should be clearly documented and linked to in numerous places. If this is a “serious” DAO with full-time paid contributors, it’s even more vital to outline highly precise membership requirements and establish documentation now to avoid disputes down the road. Standards and processes around conflict resolution should also be implemented, as no organization, DAO or otherwise, is conflict-free.Listen to the Community
Secondarily, as folks are onboarding into your DAO, it’s important to ensure your community feels heard and understood at all times. This necessity stretches far beyond governance and voting proposals and should include in-person feedback, Discord conversations, Twitter discussions, and more.
As most DAOs are global communities, and growth is often top of mind, founders should invest in scalable, accessible, and manageable communication platforms to support various languages and content mediums. Only time will tell whether DAOs will become mainstream organizations. But for now, the best method of action for aspiring DAO founders and the broader Web3 community, as seen by Commodore, is just to get started.
“Part of the beauty of innovation and disruption is that new tools are built, and humans use these tools for all sorts of different needs in their lives,” said Commodore. “We’re just in an early phase of exploring this powerful new tool, so it’s still too early to know which things make good or bad fits. I’m just excited to see so many people try [creating a DAO] because we’ll collectively make more progress quickly as we collect wins.”
When it comes to workplace mobility, it’s out with the old, in with the new. According to a 2023 statement, Gartner found that 44 percent of current tablet users plan to swap out for a different device, while 54 percent of laptop users intend to bail on their machines. Your field force likely is ready for a change.
Judging by Gartner’s findings, just under half of users are tired of their tablets and just over half have burned out on their laptops. Maybe it’s time for something new? Maybe a 2-in-1 laptop would help break the shackles of mobility, freeing field workers to achieve the productivity they — and you — are so eager to see. But a new solution will require some investment, and you want to be get it right. So, how do you know if your mobile workers or sales force needs a 2-in-1 device? Here are five subtle indicators:
1. Their shirts don’t fit. It’s awkward, all those overdeveloped biceps bulging around the office. How did this happen? It’s likely the repeated hefting of weighty laptops. Medical science will come up with a name for it, the pharmaceutical companies will find a cure, the cost of healthcare will rise exponentially, the economy will collapse and the world will plunge into chaos. Just because you wouldn’t swap out their cumbersome laptops. Good job.
At a trim 1.52 pounds, Samsung’s Galaxy Book 12 will take a big weight off of their shoulders. Does weight matter all that much? For most field workers, it does. After all, the laptop doesn’t travel solo: It goes in a bag with cords, chargers, all the day’s paperwork and an assortment of other items. For many, a drop to a pound and a half could lighten the load significantly. And at just over a quarter-inch thick, they’ll barely notice the 2-in-1 laptop is there.
2. No one wears hats anymore. It’s true. The stylish fedora has come and gone, yet your field force wears not one hat but two. There are the mobile moments, those times when what matters most is the ability to get the information out into the field to make a presentation or take an order on the go. The other hat? That’s the productivity piece, the need to run serious business applications. There comes a time for functional, end-of-the-day reporting, and a time to develop the documentation and visuals that will become tomorrow’s presentation.
Change the paradigm of the split personality, and you change the way the enterprise does business.
When your worker has begun to wear down a bald spot from switching hats too often, it may be time to consider a 2-in-1. Unlike a tablet, which may run a lighter, mobile operating system, the latest 2-in-1s like the Galaxy Book 12 are loaded with the full Windows 10 Pro operating system, capable of handling the tasks a desktop might be required to address: word processing, analytics and data input. It’s fully functional, with all the office tools a field worker may need, and a full-sized keyboard included. At the same time, it’s utterly mobile, with all the features of a tablet, including an intuitive touch interface.Windows 10 security solutions keep data safe.
Here are the Windows 10 Pro security features that will set your enterprise above the rest. Download Now
3. Their hands are full. It’s awkward. You go to greet the boss in the hall and suddenly you’re a fountain of electronics as cell phones tumble out of your shirtsleeves and power cords slither in your hair. Okay, maybe not. But it’s still a pain for the worker on the go who’s laden with phone, tablet, laptop, cords and sundry accessories. Solution: The 2-in-1 laptop, which reduces the armload by one weighty laptop. In field work, convenience counts. When your road warriors become more efficient, the enterprise may find new ways of doing business, as team members find themselves with greater flexibility.
4. Workers are so darn productive…they keep running down their batteries. The average laptop can only run three to six hours on a charge. The longer life of a tablet makes sense, but then you lose all that needed functionality described above. Here again you may well need a 2-in-1. The Galaxy Book 12 offers up to 10.5 hours of battery life and charges through a USB Type-C port. No more brick to carry, and they’ll get much more out of that quick recharge at the airport departure gate.
5. Flagrant self-interest. Your mobile workers are ready for a 2-in-1, and so are you. After all, there’s a cost that comes with maintaining all these devices and supporting their diverse operating systems. The more you can streamline your enterprise IT, the fewer related expenses you’re likely to face.
Find out more about the latest mobile devices that will lighten your field force’s load.
What is the dark web? To explain the dark web, we need to start at the surface — or rather, the surface web. The surface web is the server that we access on a daily basis to browse, read, shop, and chat with friends; it contains all of the websites that search engines such as Google crawl, rank, and index to provide you with your search results.
Online banking, for example, is possible thanks to the deep web. You are required to provide at least a username and password before accessing your online account.
Deep websites are not ranked in the same way as surface websites — if you want to access your own private bank account, you cannot simply Google ‘my bank account’, which is for your own security and privacy.
Finally, the dark web. The dark web can’t even be accessed via regular internet browsers. Instead, a special server known as the ‘Tor’ browser must be downloaded. The dark web operates via anonymity, meaning your identity, location, and actions are also masked.
This is why many people associate the dark web with criminal behaviour. But is the dark web illegal? Technically not — there are no laws against accessing this part of the internet. However, you should be aware that criminal activity does occur on the dark web, including the sale of personal information to commit identity theft.Why is my information on the dark web?
Many people are shocked to learn that their private information has wound up on the dark web, particularly as most of the time they didn’t even know the dark web existed.
In our day and age, most activities are conducted online, be it internet shopping or booking a medical appointment. All of the information that we provide is incredibly valuable to online criminals, who can sell data stolen in security breaches on dark web forums for quite a profit. This data typically includes a person’s:
Date of birth
Mother’s maiden name
Tax file number
Driver’s license number
Online login credentials
In isolation, this information may seem quite innocuous. What, for example, is someone going to do with your full name? However, when combined, data such as this can be used to commit full-scale identity theft. This can involve everything from starting a new phone contract in the victim’s name to taking out a significant loan that ruins their credit history.
The worst part? It is practically impossible to have information on the dark web removed, meaning that your best offence is a good defence.Top security tips
Also read: 7 Best Woocommerce Plugins to boost your Store you must know
Set strong passwords:
If you are one of those people that use the same password for every one of your online accounts, you are simply asking to be hacked.
Each of your accounts should have a different secure password, made up of a combination of uppercase letters, lower case letters, numbers, and special characters. If you struggle to remember passwords, consider using a password manager.
Keep track of your online activities:
Many of us sign up to an online service — be it a telehealth provider or a social media platform — only to never return to the site ever again. However, your information remains uploaded to the site, most likely only protected by an easily guessed password. Keep track of your online activities and fully delete any accounts that you no longer use.
Monitor your financial accounts:
Also read: What Is Forex Trade? 5 Untold Forex Trading Benefits + Expert Tips For Higher Forex Profit
Use dark web monitoring:
Given the amount of information that we share online, there’s always a risk of it ending up in the wrong hands. Identity theft may be one of the biggest challenges facing digital users in the 21st century, which means that internet security should be one of your top priorities.Bridget Black
Bridget is a writer and editor, currently living in Melbourne. She is a copywriter for Newpath Web and loves working with words of all shapes and sizes. When not playing around with punctuation and grammar, she enjoys travelling and curating her Spotify playlists.
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Trust in tech is at its lowest: what needs to be done
The tech market is no stranger to controversy, scandal, and criticism. From the IBM days to the recent US elections, the industry has been rocked by one scandal or another. Recently, however, there has been non-stop news on this or that problem with a company, this or that terrible bug, or this or that chúng tôi the years, these have all been chipping away at the trust and confidence that tech companies have built. With all that’s happening around us, it’s only natural to wonder who we can trust and, more importantly, what has to be done to keep our technology-centric world from collapsing under the weight of all these problems.
Facebook is, of course, the hardest hit company of late. It may have even surpassed Google in the public’s eye as the company that can almost do no good. Thanks to the increased scrutiny and publicity it has been subjected to, a lot of its questionable activities in the past have come back to haunt it. Although the pressure on Google has been less lately, the company that once promised to do no evil continues to fight lawsuits and fines over its business practices.
It isn’t just about user privacy either. ZTE might be thanking its lucky stars it got off easy. Huawei is now facing, among other things, potential sanctions for breaking trade embargoes, accusations of spying, fraud, and industrial espionage. Qualcomm, who makes the world’s most-used mobile processors, stands accused of unfair and illegal business practices in multiple countries.
Apple, often cited as the champion of privacy, has eroded consumer trust in a different way. The way it has handled hardware problems and software bugs show that its commitment to its customers may be limited to how much money it may lose in the process. And while Cupertino has yet to be dragged into a large-scale scandal, it is only able to do so because of one important reason: it keeps everything to itself by locking users in its walled garden as much as it can.
So which tech company can you really trust? It might sound cynical, depressing, and pessimistic, but the truth is that there’s almost no tech company you can trust completely. At the end of the day, the smallest startup to multinationals live and die by the revenue they generate. We might not be their product, but our importance as customers and users depends on how we’re able to keep them in business.
So do we quit cold turkey on these companies? Unless you live like a hermit, that’s sadly impossible to do so. Even if you switch over to open source software and services you can (or someone else) audit, you will eventually encounter any one of these companies and their products. Sometimes they can even get your data through your friend’s friend – But just we can’t trust anyone in life completely, we can still survive and function on a limited amount of trust. The key is in being aware and conscientious about that data that we share with them.
This goes beyond simply protecting accounts with strong passwords (which might be a lost cause anyway). This is about not filling up every field in an account, especially those that are not required and those that may reveal too much about you. It’s about being aware that any photo, video, or sentiment you upload may come back to haunt you even 10 years later. It’s about having a healthy dose of doubt about every app you install, every terms of service you agree to, and every service you sign up for. It’s simply about remembering there’s no such thing as a free lunch, no matter how convincing and how appetizing the companies make it. That is, after all, their strategy.
It will take time before companies can regain their pristine image. Trust is, after all, difficult to build but easy to break. It is not something that can happen overnight, in one week, or even in one month. And it’s definitely not something that can happen while companies continue to game the system behind everyone’s back while bowing in apology and promising to do better. Actions speak louder than words and these companies continued actions that violate privacy and break laws speak volumes more than blog posts and press statements.
Time series analysis is an effective method for identifying and forecasting trends in data that have been gathered over time. Each data point in a time series represents a particular point in time, and the data is gathered over time. Time series data examples include stock price data, weather information, and website traffic. In a number of disciplines, including economics, finance, and weather forecasting, time series data is often employed.
The practice of utilizing statistical methods to comprehend the data over time and make predictions about it is known as time series analysis. The ability to spot patterns, trends and linkages in the data that can be utilized to forecast future outcomes makes time series analysis crucial.
When a time series is said to be stationary, it means that its statistical characteristics have remained stable over time. If the data’s mean, variance, and autocorrelation structure do not vary over time, a time series is regarded as stationary. The statistical behavior of a stationary time series will be consistent across time, to put it another way. In this blog article, we’ll look more closely at the need for time series to be stationary before analysis as well as what it actually implies.What is Stationarity in Time Series and how to test for stationarity in it?
The statistical characteristics of the data in a time series are said to be stationary if they stay stable throughout the course of time. A time series is regarded as stationary if its mean, variance, and autocorrelation structure do not alter over time. To put it another way, a stationary time series will have a steady statistical trend across time.
Among a stationary time series’ characteristics are the following −
A constant mean, i.e., a time series’ average value that remains constant over the course of time.
A constant variance indicates that the data’s dispersion is consistent across time.
A lack of trend or seasonality, which denotes that there is no upward or downward trend in the data and no predictable patterns that reoccur over a set time period.
The most popular techniques for determining stationarity in a time series are as follows −
A statistical test that can be used to check for stationarity is the Augmented Dickey-Fuller test (ADF).
A statistical test called the Kwatkowski-Phillips-Schmidt-Shin test (KPSS) can be used to check for stationarity.
Examining the time series plot visually and breaking it down into its trend, seasonal, and residual components.
These tests, which are often employed in time series analysis, can be used to assess if a time series is stationary or not. It’s crucial to remember that the unique problem and the domain expertise, in addition to the test findings, should be taken into account.But, why do time series have to be stationary before analysis?
The fact that many time series analysis techniques presuppose stationarity is one of the key reasons why time series must be stable before analysis. For instance, the widely used ARIMA (Auto-Regressive Integrated Moving Average) model for forecasting makes the assumption that the data is stationary. The model will not be able to faithfully reflect the underlying patterns in the data if it is non-stationary, and the findings will be erroneous.
The fact that non-stationarity might result in incorrect or misleading results is another justification for the necessity of time series being stationary before analysis. As an illustration, a non-stationary time series could give the impression that there is a high connection between two variables, but in reality, the correlation is only there because of a trend or a seasonal element in the data.How to make time series stationary?
A time series can be made stationary using a variety of methods, including −
Differencing − This method includes taking the trend component out of the data by subtracting successive observations from one another.
Seasonal Decomposition of Time Series (STL) − This approach divides a time series into trend, seasonal, and residual components.
Log transformations − This method can be used to reduce the trend component and stabilize the variance.
It is important to keep in mind that keeping a time series stationary can also be a trade-off because the trend or seasonal component can cause some information to be lost. Making a series stationary should be done with caution since it might add biases and provide incorrect findings.Conclusion
To summarize, time series must be steady before analysis since many time series analysis techniques rely on stationarity and non-stationarity might result in incorrect or misleading findings. It is possible to make the time series stationary by using methods like differencing, STL, and log transformations. The unique problem, the quantity and caliber of the data provided, and the approach chosen all influence the results.
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