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Entrepreneur Franchise of the Day: Charter Financial

Charter Financial Note Brokering Opportunity

Real Estate Note Brokering

Cash in on a Multi-Billion Dollar Untapped Industry by working as a referral agent for Charter Financial. We are a national purchaser of owner financed real estate notes and we are looking for independent agents that we can teach the business to so you can refer these types of notes to us, the average fee per transaction is a little over $3,000+.

Owner financing is not widely known but occurs in about 10% of all real estate transactions in the country.

Watch the short video below for an explanation of owner financing.

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We offer you an excellent opportunity to find notes for us to purchase and we pay you an excellent referral fee each time. When You Work With Us Your Entire Focus Will Be To Find Us Notes – And Our Entire Focus Will Be Teaching You How To Do This. We only make money when you make money so we are motivated to provide you with excellent training and support so that we can both profit.

Our business has never been better because there are so many people who are in need of cash and because of this note holders are selling their notes at a record pace. Also, there are literally millions of dollars worth of new owner financed real estate notes being created every day. Add it all up and you can see that NOW IS THE TIME to work this great business.

You may work this business from anywhere in the country with no territorial restrictions and you make your own schedule. You may work on a part-time basis in addition to your present job or you may work the business on a full-time basis.

We are the industry leader and have been in business for over 20 years. We are an A-Rated BBB Company and we offer the Best Training And Support In The Industry.

By working together, we can both profit. The fees that you earn from each deal range from a $1,000 to $25,000+. The average fee is around $3,000 per transaction and the average amount of time spent on each deal is around 1 to 2 hours.

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The 3 Things Entrepreneurs Should Know Before Expanding Globally

March
18, 2021

5 min read

Opinions expressed by Entrepreneur contributors are their own.

Since there are more than 6,000 venture funds in the world, Matt Salloway knows the importance of bringing together a cohesive team of investors and operators with tech expertise and in-market access to help U.S. startups maximize scalable market opportunities in MENA and Asia. He is the co-founder and managing partner of SIP Global Partners, a cross-border venture fund with a presence in New York, Tokyo, Riyadh and Boston. SIP is focused on investing in the next generation of transformative technologies in the U.S. with the goal of helping those technologies grow into Asia — specifically, Japan, ASEAN and the GCC. “We’re investing in the 5G economy, which includes areas like AI, AR, VR, cybersecurity, smart cities, digital media and digital health,” Salloway says.He and his co-founders Shigeki Saitoh, Justin Turkat and Jeff Smith recently announced their first close of $75 million for the company’s debut fund, aiming to raise $150 million. Most of Salloway and his partners’ focus has been on venture investing and growing technologies into the Middle East from the United States. “We have been investors, but also strategic partners, into the Middle East.”SIP’s portfolio includes: Fable, a web-based, full-stack motion design tool with co-investors such as Chad Hurley, the co-founder of YouTube; Croquet, an ultra-low latency, collaboration platform incubated out of XEROX Parc and Alan Kay, considered by many as the “Father of the Personal Computer”; Tilt Five, an AR platform set to revolutionize gaming with investors such as Logitech and Bitkraft Ventures; Parallel Wireless, a next-generation O-RAN technology company started by serial unicorn founder Steve Papa and recent winner of the Mobile World Congress for best infrastructure technology; and KINETIC, an industrial IoT technology focused on workplace safety and productivity with co-investors including Primary Ventures and Crosslink Capital.Salloway sat down with Jessica Abo to share what he looks for before investing in a startup and what entrepreneurs should think about before expanding globally.Jessica Abo: What trends and markets are you most bullish about and why?Matt Salloway: 5G is really a once-in-a-generation opportunity, and it’s all the countries in the world working at the same time to achieve 5G implementation. We are seeing not only a massive rollout of the 5G technology, but also a significant economic opportunity. I’m specifically talking about the technologies that are impacted as a result of the infrastructure rollout, such as areas including artificial intelligence, augmented reality, digital health and cybersecurity. We see this implementation as an over $14 trillion global economic opportunity.In terms of geographic areas, we’re very bullish on Japan and Saudi Arabia. Companies from the U.S. who have expanded into Japan have used it to massively grow their international business. And Japan is often a springboard into the rest of Asia. It’s a great starting point if you have the right connectivity. Saudi Arabia is really becoming what we like to call the Silicon Valley of the Middle East. And the government efforts are helping to support that, putting over a billion dollars into Saudi-based startups. The technology ecosystem is evolving, and we believe that there’s a tremendous opportunity to take technologies from the US into that region.When it comes to having to choose what startup you’re going to invest in, what do you look for?I’ve come up with an acronym: MISS. It’s a company I don’t want to miss. “M” stands for management, so we look very deeply at who is running the company. We want to invest in people we believe are able to execute on their vision. So it’s more than just an idea, it’s being able to actually move that forward and execute on it. “I” stands for integrity, which is really self-explanatory, but we want to work with people we can trust and have the same value systems that we do. “S” stands for size. We want to be investing in companies that have tremendous global potential in terms of size. The last “S” stands for sales. We need to make sure that we are investing in companies that have good sales and marketing strategies. Because you can have a really impressive idea, but you may not be able to actually execute on it and get that technology into the marketplace.What advice do you have for entrepreneurs who are looking to expand globally?The first thing is they have to understand where they want to expand. Does that marketplace have enough size and relevance to their technology? As investors and managers of the fund, we spend a lot of time trying to understand whether this technology is applicable in markets where we have the capability to grow.Then you need to partner with the right person. You want to make sure that that person or business has experience growing companies in your space, in your industry. You have to do reference checks. Speaking with other clients they’ve worked with is also important as is sharing the same passion and vision that you have for your companies.Finally, you want to make sure that there is an alignment of interest so they are compensated in a way that makes them long-term committed to building your company. It’s a long haul, so it’s critical to have the right partner with the right incentives in order to be successful.

Luisito Comunica Launches Own Tequila – Except It's Not Tequila

The drink is a tequila liqueur with a spicy tamarind flavor.

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March
18, 2021

2 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

“Luisillo el tequilero is a reality,” YouTuber Luisito Comunica said in a recent video while presenting his own tequila called “Gran Malo.”The drink has a peculiarity: It is a tequila liqueur with a spicy tamarind flavor. Likewise, the lid of the container is a shot  glass. The influencer’s idea of participating in the project arose when his now partners gave him a taste of tequila.”I met some people who are dedicated to producing alcoholic beverages, distributing them … And they were telling me that they are bringing a new project to the door and that they did not know what the sales strategy was going to be. Out of curiosity, I told them to give me a little taste and, as soon as I tasted it, [I said,] ‘Please let me buy a part of this from you, let me be your partner, let me be part of this,'” Comunica explains in his video. Lusito Communicates via InstagramBased in Los Altos, Jalisco, the YouTuber shared the process of making the drink, which consists of white tequila and spicy tamarind. He explained that the brand currently has a production rate of six thousand bottles per day.So far, the tequila liquor comes in a 750 ml presentation and a box contains 12 bottles. The influencer’s new product can be found both online and in physical stores.[embedded content]

Gucci launches its NFT: virtual tennis shoes for 244 pesos

It is the first luxury brand to add to the crypto sensation.

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March
18, 2021

4 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.

Why do people buy things that they will never be able to wear or wear in real life? The fashion house Gucci, launches some augmented reality (AR) tennis shoes as non-expendable NFT tokens. This is to stay ahead of the trends in virtual reality. Basically it is a filter that you use with your smartphone to appear that you are using them with the help of augmented reality (AR). To achieve this, Gucci has collaborated with fashion tech company Wanna , known for manipulating augmented reality and creating three-dimensional models that can be used for digital footwear and even watches, according to Business Of Fashion. Wanna has previously worked with Reebok , Puma, and Snapchat to test consumer response to virtually trying on clothes. For the luxury clothing brand, it is not the first time that it has ventured into something similar. On other occasions, he has designed virtual garments for the game Drest, Sims 4 and even Pokémon Go , as well as the everlasting game Roblox . But they’re not the only ones to have done it, Louis Vuitton also got into the business by designing skins for League of Legends in 2019. In this way, Gucci hopes to reach generation Z, who know the technology but who still cannot afford a physical product. The digital footwear has a value of almost 9 dollars in the Wanna application, and in the Gucci application they are worth almost 12 dollars (244 Mexican pesos). Why such an “affordable” price? The brand wants to reach (virtually) a wider audience. So when someone can’t afford real tennis shoes, they’ll do it digitally. This is different from what many others have tried with NFTs , which are surprisingly high in value. In addition, the luxury company wants to leave them at that cost so that the same consumers can exchange them. However, they are working for this product to increase its commercial value once it is introduced in the market. The fascination for NFTs , they are no longer only of interest to artists, or Elon Musk , but brands are expanding. Non-fungible tokens have attracted surprising numbers at auctions in recent weeks. Even Wanna CEO Segey Arkhangelskiy said in a statement that NFT and AR technology will continue to grow very fast. He predicts that within 5 to 10 years, a large portion of luxury brand revenue will come from digital products. The Italian brand is experimenting in the virtual market and although they are not technically an NFT , it is a product that exists only on the net. So we asked ourselves, would you pay for luxury shoes that only exist on your phone? And does the virtual become real in some way? Let’s tell what you think, would you buy them to dress your digital self?

Cloud Computing Will Be a Goldmine in the Post Covid-Era

March
18, 2021

5 min read

Opinions expressed by Entrepreneur contributors are their own.

From rapidly transforming consumer behaviors to heavily affecting economies around the globe, the Covid-19 pandemic has created a plethora of challenges and continues to have a multi-sector impact on nations and citizens alike.With the arrival of vaccinations, 2021 seems to bring a new ray of hope for economies worldwide but the fact remains: This year is going to witness the ‘survival of the fittest,’ implying that businesses that turn digital and adapt to the ‘new normal’ are likely to emerge out of the Covid-19 crisis in better position to succeed.To begin with, cloud computing is arguably going to remain the staple of leading companies. To give a quick run-through, cloud spending grew by 37% in the first quarter of 2020 itself – ushering in a new era of digitization wherein companies look at cloud computing as the most robust way to tide themselves over during the Covid-19 challenge – at this time last year the world had just woken up to the viral effect of the novel Corona virus beyond China. Capitalizing upon the urgency to drive processes remotely and securely, cloud service providers had an unlikely successful year.Even as total IT spending dropped by 8%, the cloud market grew substantially. Having worked on a number of cloud implementations, I pick the following three key trends in the post-Covid era.  Related: 5 Ways the Cloud Can Benefit Your Business During the PandemicIncreasing preference for OpEx over CapEx cost modelsCost optimization was always a priority before the pandemic. However, disruptions afterward have further elevated its stature in the priority stack. Today, start-ups and enterprises are seeking intelligence to deploy flexible cost models, particularly those in pay-as-you-go services. As expected, the OpEx versus CapEx solutions debate has once again intensified.In the pursuit of normalization, controlled costing is the first step. With OpEx, businesses can get the total of their costing parameters while achieving scalability with products & services. PwC, in its latest survey, found that 75% of finance decision-makers use OpEx cost modeling and are deferring CapEx for at least another year.Cloud ecosystems assure total flexibility and scalability in developing and managing key enterprise processes. Using OpEx as a cost model and cloud as a deployment model, enterprises can:Achieve faster installations, upgrades, and on-demand flexibility. Given the lesser time of approval in OpEx, businesses can leverage frequent product upgrades.Cloud systems mean negligible maintenance hassles and site visiting. The OpEx model allows for seeking cloud hosting services that cover uninterrupted networking infrastructure and enterprise-grade security. Entities, both government and private, are likely to upscale their infrastructure capacity in 2021. At the same time, they want to keep costs in control. Therefore, hybrid cloud systems backed by OpEx cost models will set the narrative for data storage and monitoring.Rise of native clouds – containerization and serverless computing In order to recover from the pandemic hangover, MSPs – Managed Service Providers, would want to enhance their Customer Experience (CX) quotient while keeping costs in check; exactly what native cloud computing delivers. Native cloud technologies through containerization empower digital transformation strategies for enterprises across the spectrum. Since Azure, AWS and Google Cloud have raised the green flags, at least 60% of service providers will offer containerization on public cloud platforms.At their core, container management repositories perform workload transportation between multiple verticals such as on-premise, edge, and the cloud. Subsequently, platforms like Kubernetes, that lessen the complexity in container management, should gain explosive acceptance in 2021-22. In addition, serverless computing that was among the top five Platform-as-a-Service (PaaS) cloud services in 2020, is still likely to be a preferred paradigm for multi-cloud developments.Related: It’s Time to Prepare for a Multi-Cloud FutureEdge computing gaining the edgeTo put it simply, edge computing brings storage and processing closer to the geographic location of data consumption. Besides ensuring faster response times, it saves bandwidth (and infrastructure) while empowering the service providers to serve their customers locally.There’s no doubt that Edge computing will grow stronger in 2021. Cloud service providers will experiment with new business models beyond humongous data centers and central control of public clouds. Nonetheless, it still seeks the innovation of computing in traditional clouds while enhancing business agility. Edge computing allows enterprises to improvise upon their real-time analytics and make smarter business decisions. Since predictive analysis in CRM and other ERP verticals is growing, edge computing will have a greater role in the process.Per IDC research, by 2024 25% of organizations will look forward to using cases that integrate edge data with apps already hosted in the cloud. 2021 will also see a series of partnerships between traditional cloud and edge computing service providers. Also, telecom service providers will have a key role in driving these hybrid ecosystems.Going forward, devices and applications closer to the consumer’s location will play an important role in the larger fabric of the Internet of Things (IoT) and hybrid cloud models.Opportunity is in the eyes of the beholderThe cloud was already a dominating force. The pandemic only proved that most enterprise processes can be managed remotely if the right cloud implementation is backing them. Therefore, it is not incorrect to believe that cloud service providers are sitting on a gold mine of opportunity.Related: Ready to Scale? 5 Advantages to Implementing Cloud Tech in Your …

TurboTax, H&R Block Customers Say Stimulus Checks Went to Wrong Accounts

Customers have accused the tax-preparation companies of sending their funds to closed bank accounts.

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March
18, 2021

4 min read

TurboTax and H&R Block customers are voicing their anger after learning that two tax-preparation companies sent their stimulus payments to the wrong accounts. The news comes after TurboTax announced on Twitter that it had worked with the Internal Revenue Service (IRS) to ensure the agency had the correct bank account information to distribute the checks. The company also told customers that the payment would be based on information from their latest tax return and that the money would go directly to the bank account or address that the IRS had on file. In a press release, H&R Block similarly said it understood “how important coronavirus relief benefits, including third stimulus payments, are to millions of American households and small business owners,” providing information on when customers should expect their money.Still, many customers said they haven’t seen the payments in their accounts. Longtime TurboTax customer Keri Behling told CNBC that she checked the status of her payment on the IRS’s Get My Payment tool but saw that the funds had been deposited in the wrong bank account. Behling said she had the same issue with her second stimulus payment. “I sat on hold with the IRS for over an hour,” Behling said, adding that TurboTax had told her that there was nothing it could do to help her. “The person who finally answered … placed me on hold and it brought me back to a recording that said my call could not be completed.”Tiffany Rabon, who also used TurboTax to file her taxes, said she experienced the same issue. Rabon’s payment had reportedly been deposited into a closed bank account. “Why should we have to be punished to wait on our stimulus money when it was not our mistake?” she asked. Twitter users also took to the social media platform to direct their frustration at the company. “I made sure our address information matched that of my bank due to the fact our second check was mailed and lost,” one person wrote. “We still haven’t received our third payments despite the fact our bank told us they’ve already begun depositing. also never received a refund.””Never again with this company and to think I gave you all another chance not only the first and second stimulus money I had to wait on but now the third thanks so much Turbo Tax,” another added. “Just sayin I’m sure you all will go out of business and [it’s] all your fault!!”In response to the backlash, a TurboTax spokesperson told CNBC that the account issue has only impacted a “small group” of customers. An H&R Block spokesperson also said the incidents were “isolated.” Last year, the tax preparation companies came under fire after the IRS mistakenly sent the second stimulus payments to temporary “pass-through” accounts that had been set up in previous years.  An IRS spokesperson told CNBC that any payments that had been sent this month to closed accounts would be returned and reissued in less than two weeks. “We are working hard to minimize the burden on taxpayers wherever possible during this extraordinary time,” the spokesperson said. “We have been working around the clock on the stimulus payments and the filing season.”For more information about the stimulus plan, see our coverage below: 

Why It’s OK To Find Competitors With Your Startup Idea

Most startups fail. Some fail because they get outcompeted. Should competition be your main worry when you come up with a brand new startup idea?
According to CB Insights, competition is the fourth most common reason for the failure of a startup. Competition was the main cause of failure for 19 out of 101 analyzed startups in their dataset. The most common reason, however, was lack of market need – the cause of failure fор 42% of the companies.
In another independent analysis of 80 interviews of failed startups, competition was mentioned as a problem by 10% of the startup founders, but only 2 out of 80 stated it was the main reason for the failure of the project. Building something people don’t need was the most common fatal mistake, with 34% of the companies pointing towards lack of market need as the major reason for failure.

From these stats, it’s safe to assume that while competition is definitely not harmless for startups, it’s less deadly than lack of market need.
When you have a new business idea, the first thing you would usually do is to conduct high-level market and competition research. The interesting complication is that for brand new innovative startup ideas, a total lack of competition might be a bad sign because it could be an indicator of lack of market need, which as mentioned is a significantly bigger danger.

Up to 100 million new businesses open doors around the world each year. It is extremely unlikely that someone has not thought of or tried something at least remotely related to your new idea.

Paul Graham, co-founder of Y Combinator, believes that competitors are not the biggest threat for startups. He argues, “way more startups hose themselves than get crushed by competitors. There are a lot of ways to do it, but the three main ones are internal disputes, inertia, and ignoring users. Each is, by itself, enough to kill you. But if I had to pick the worst, it would be ignoring users.”
In this quote by Paul Graham “ignoring users” could be interpreted as the company failing to adjust to the needs and wants of its target market, and in doing so offering something that customers are not interested in.
So, in consequence, should you interpret the existence of competitors as a good sign for your new business idea?
The mantra that startups don’t fail because of competition and therefore founders shouldn’t worry about competitors too much is prevalent inside startup circles, but it could be misleading to a lot of entrepreneurs. Innovation is the key point here – not every new business is an innovative startup.
If you are launching an innovative solution, your lack of market need risk is extremely high. In this case, the existence of companies that are serving the same market and or trying to solve the same problem is more reassuring than worrying. Due to your innovation, your offering would be differentiated by default, which means that you wouldn’t be in direct zero-sum-game competition with these companies.
If you are planning to start an unoriginal business, however, big direct competitors in the same place or market niche is a bad sign because your lack of market need risk is much lower, and your lack of differentiation means that you don’t have a competitive advantage compared to more established businesses in your niche. So, even if people obviously need what you are offering, it would be very hard to wind them over from bigger competitors who can do the same thing better and, in many cases, cheaper.
Most startups would fall somewhere in between those two extremes. This means that when you are doing the high-level market and competitor research for your new business idea, it’s important to look for signs for both potential problems.
First, if no business is offering something similar to what you plan to offer, keep it in mind as a potential sign of lack of market need. In this case, make sure to validate your startup idea as best as you can before you start building and investing considerable resources into it.
Second, if established businesses are solving the same problem with a similar solution to what you plan on creating, think about ways you can differentiate your idea. Put something unique in the ingredients of your business offering so that you wouldn’t compete with established businesses in the market head to head. Even a small unique proposition could help you attract customers in a specific niche of the larger market.