BUSINESS

It is not a daily increase, but a daily decrease. Hack away at the inessentials.

Bruce Lee
Blog Posts | Marquez Comelab | 24 Oct 16 | Update: 24 Oct 16 | Full View
According to an article (link below) : "The European Central Bank (ECB) has proposed a directive of the European Parliament and of the Council stating that ‘virtual currencies do not qualify as currencies from a Union perspective,’ and wants digital currencies to be explicitly defined as not legal currencies or money... the use of digital currencies, such as bitcoin, pose a threat as terrorists and criminal groups are able to transfer money within digital currency networks with a certain level of anonymity." Because of this, the ECB is discouraging the promotion of Bitcoin.  
Book page | Marquez Comelab | 03 Sep 16 | Update: 03 Sep 16 | Full View
This has been something I've always observed: our tendency to relate to fictional characters. Apparently, it has a term: Parasocial Interactions. 
Blog Posts | Marquez Comelab | 19 Jun 16 | Update: 20 Jun 16 | Full View
According to an article by The Register (Last accessed: 18 June 2016),  "CIA director John Brennan told US senators they shouldn't worry about mandatory encryption backdoors hurting American businesses. And that's because, according to Brennan, there's no one else for people to turn to: if they don't want to use US-based technology because it's been forced to use weakened cryptography, they'll be out of luck because non-American solutions are simply 'theoretical'".
Blog Posts | Marquez Comelab | 18 Jun 16 | Update: 18 Jun 16 | Full View
We need a currency that no longer relies on national governments. We need a planetary currency. Bitcoin may be it.
Blog Posts | Marquez Comelab | 17 Jun 16 | Update: 17 Jun 16 | Full View
I heard about Bitcoin around 2012 but I just sat and waited to see if I would hear more of it.  I really got interested about Bitcoin when I heard an interview of an entrepreneur starting a business providing Bitcoin services and his reasons for why it is a good currency.  Bitcoin is a long term play for me. By long term, I mean one, two or three decades. It is not something I want to trade on a weekly, let alone daily basis. The spreads are too far apart in relation to its daily movements. 
Article | Marquez Comelab | 17 Apr 16 | Update: 19 Apr 16 | Full View
Every now and then, you see Taxi Drivers of a country, or recently, a continent (South America), protesting against Uber.  At home, in Australia, I get around with my car. I used Uber once to get home from a night out after being introduced to it by a friend. I thought it was great: I could already see the driver's details, a photo of his car and his licence plate number even before he came to pick me up.
Commentary | Marquez Comelab | 25 Mar 16 | Update: 08 Aug 16 | Full View
Dr. Jim Chalmers MP is the Federal Member for Rankin. He is the Shadow Minister for Financial Services and Superannuation, the Shadow Minister for Sport, and the Shadow Assistant Minister for Trade, Investment and Productivity, wrote an article and argued for Australia taking advantage of Blockchain. 
Q & A | Marquez Comelab | 20 Mar 16 | Update: 20 Mar 16 | Full View
There are variations to this question. For example: How much does it cost to build a Social Networking site, a Dating Site, a car sales site, a mobile phone exchange site? People used to ask about websites to sell their products and their services locally but now, they want to know how to build a Social Networking site, be the next eBay, Facebook, Twitter, Google, Real Estate site, etc.
Q & A | Marquez Comelab | 28 Oct 15 | Update: 25 Mar 16 | Full View
Qualifications is probably not a good term. Its a word that more or less belongs to academia, job - seeking, etc type-of-thinking.  To start a business, you don't need one set of "qualifications" as such because you can always compensate for your weaknesses.  But if there are a few traits that I think would be important to do business, it would be the following:  
Q & A | Marquez Comelab | 28 Oct 15 | Update: 25 Mar 16 | Full View
Have you ever heard of Bill Gates and Warren Buffett? They have given most of their wealth away to charity.  So long as consumers are educated and they have access to the information they need to reward the businesses that serves their purpose and buy from them, I'm confident business and businesses are a tool for good. 
Q & A | Marquez Comelab | 23 Oct 15 | Update: 25 Mar 16 | Full View
Equity: Ownership of the company. If you don't have money and you want someone to take a risk with you at the start of your new venture, the only thing that makes sense to me is equity. You give them a percentage of the company. If you want and expect that person to work as hard as you do, then give him/her equal percentage: 50% if there's two of you,  33% of there's 3 of you, 25%if there's four, etc.
Q & A | Marquez Comelab | 19 Oct 15 | Update: 25 Mar 16 | Full View
As far as I know in Australia, a disabled person can start a business similarly to any able-bodied person. Unless the disability affects someone's mental and reasoning capacity, s/he is free to register  business name, Australian business number, register with the tax office for GST,  etc... And operate a business.  Please note I'm not a lawyer nor an accountant. I just studied business and commercial law years ago so I don't know if there's been any changes. Although i haven't come across legal obstacles relating to a person with disability legally starting a business.
Q & A | Marquez Comelab | 17 Oct 15 | Update: 25 Mar 16 | Full View
I suppose it depends on the business. However, I don't necessarily think so. If you happen to have a family who feels the same way you do about the same business them that's great, you should do business with them. The reality for most families though is that they are not really passionate about the same things.  A business deserves to have the right people for the right jobs and family members ought to be free to choose any organisation to maximise their potential. Because of these, I don't think businesses should be familial. 
Q & A | Marquez Comelab | 14 Oct 15 | Update: 25 Mar 16 | Full View
Important sections for a business plan? I would say...1. Research and Marketing Strategy You present your case about the opportunity available and why you, your team and your business are going to be best positioned to take advantage of this opportunity. Do a SWOT (Strengths, Weakness, Opportunities, Threats) Analysis. 2. Operations, Business Model, Law and Regulation
Q & A | Marquez Comelab | 14 Oct 15 | Update: 25 Mar 16 | Full View
In my opinion, I would have to say the Forex spot market due to minimum barrier to entry, minimum transaction costs (especially if you're dealing with brokers who allow minimal trade size and thus), no one holds an 'insider' advantage (at least for the long term) and everybody is relatively evenly matched terms of access to information, and anybody can avail themselves to any type of strategy big or small. Overall, it is an efficient market.
Q & A | Marquez Comelab | 14 Oct 15 | Update: 25 Mar 16 | Full View
A good Business Plan ought to show people, potential investors, officers and partners, that there is a market for the specific business  the plan is about.  A good business plan ought to summarise and highlight the conclusion of whatever research was conducted to convince everyone considering to get involved that it is worth their time. Further, it ought to outline how indeed it will ensure that there is a market for it's products and services.  These questions ought to have been answered in the business plan. If not, then you don't yet have a Business Plan.
Q & A | Marquez Comelab | 27 Sep 15 | Update: 25 Mar 16 | Full View
When Shareholders invest their money,  they invest in your company, not you. They would want that investment to succeed,  with or without you. If they think you're no longer the right man for the job, that's fair enough, right? All you can do is to continue proving that you are the right man for the job. 
Q & A | Marquez Comelab | 19 Sep 15 | Update: 25 Mar 16 | Full View
Yes you're right, the answer depends on the idea. However, we can make certain assumptions. Let's say, we need to build a product or a service.  I think the steps then are: 1. Create/Develop the product or Service 2. Sell it.  These are two seemingly simple steps, but to accomplish them require you to think, do and have what you need to make an idea happen. 
Q & A | Marquez Comelab | 14 Sep 15 | Update: 25 Mar 16 | Full View
Just broadly, if you are to create a website, these are the steps: Step 1: Answer these questions 1. Know what type of website is it? How does it make money? 2. What features does it need?  3. What will the user experience and information flow be like?  4. Who is your target market / audience?  5. How are you different to your competitors? What are you offering your audience?  Step 3: Design your website based on your branding and identity like your logo, corporate colours, fonts, etc Step 4: Develop your website
Q & A | Marquez Comelab | 12 Sep 15 | Update: 25 Mar 16 | Full View
You will need hosting, domain and Web Development costs. Hosting for small sites can be anywhere from $10 to $20 per month. This should provide you with unlimited professional email addresses within your domain name as well. Domain could be around $10 - $15 a year. Development is the one that's got a lot of variation which I will discuss below.