Posts Tagged "Project Report"

Shares of Wolverine Worldwide are down more than 10% from their recent high and in deep correction despite better than expected earnings and positive guidance.


4 min read


This story originally appeared on MarketBeat

Wolverine Worldwide, Inc Forecasts Strong Rebound 

Wolverine Worldwide, Inc (NYSE: WWW) and the shoe industry at large didn’t have a fantastic 2020. Like other retailers of apparel, there was little impetus for demand due to social distancing and work-from-home trends. At least in the beginning. Now, more than a year into the crisis, not only is the shoe industry at large posting a nice little rebound but the trends are accelerating. Assuming the reopening continues unabated we expect to see Wolverine World Wide outpace even its own updated and very positive guidance. 

“We believe 2021 will be a breakthrough year for the Company, and our first-quarter performance was an excellent start,” said Blake W. Krueger, Wolverine Worldwide’s Chairman and Chief Executive Officer “ … Our brands are well-positioned in trending, performance-oriented product categories like running, hiking, and work; and their momentum remains strong. We anticipate growth to continue to accelerate moving forward.”

Wolverine World Wide Falls On Market-Beating Results 

Wolverine World Wide had a great quarter and one in which sequential growth continued for the 4th quarter. The $510.7 million in net revenue is up 16.3% from last year and beat the consensus if only by a slim 25 basis point margin. Gains were driven by strength in the company’s two top brands as well as eCommerce. The Merrel brand saw its sales surge 25% while Saucony sales jumped 55% and eCommerce 84%. 

The revenue gains were translated into higher margins as well and despite the impact of upward price pressures. The gross margin widened by 210 basis points GAAP and 290 basis points adjusted to hit 4.3% and drive operating gains of larger proportion. The operating margins widened by 760 bps GAAP and 320 bps adjusted to drive significant improvement in earnings. At the GAAP level, the $0.45 in EPS is up 200% from last year and beat the consensus by 1000 basis points. At the adjusted level the $0.40 in reported earnings is up 55% but missed consensus by a penny, that’s the only bad news we could find. 

Guidance for the remainder of the year is equally positive if a little light in regards to earnings. The company upped its target for revenue to $2.24 to $2.3 billion versus the $2.23 consensus which is estimating 25% to 28% YOY growth. The adjusted EPS target was also increased but to a range that brackets the consensus with the consensus above the mid-point of the range. In our view, the guidance but possibly cautious in light of our expectation for the economic rebound. The Fed’s GDPNow tool is tracking Q2 GDP in the double-digit range and we think GDP could accelerate from there before it cools off. 

Wolverine Worldwide Could Increase Its Dividend 

Wolverine Worldwide is not a well-recognized dividend-grower but it does have a history of increases. Based on the Q1 results, the outlook, and the balance sheet we think the company could not only sustain its current payment but increase it as well. Not only is the payout ratio very low but free cash flow is good and on the rise too. The company paid down a substantial amount of debt over the past year that has improved liquidity, leverage, coverage, and FCF. If these trends continue the next dividend increase could be substantial as well. 

The Technical Outlook: Wolverine Worldwide Enters Correction

Shares of Wolverine Worldwide shed more than 8% and are on the verge of a deeper correction because of the Q1 earnings. The earnings weren’t bad, nor was the outlook, but what they were was not enough to spark buying in the face of a broader market sell-off. What this means is share prices for this stock are going to continue falling until finding a firmer level of support that can sustain price action until market conditions improve. In our view, this stock could fall another 10% to 12% before hitting major support but, if it does, we’d be buyers. At that price point, near $34 to $36, the stock would be trading about 17.5X to 18.5X its earnings at the low end of the range and present a much better value-to-yield.

Wolverine Worldwide, Inc Is A Buy On Post-Earnings Weakness 

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A developer asked the businessman for permission to create a video game about SpaceX and finally received a response.


2 min read

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


There is no doubt that perseverance does pay off. A video game creator set out to get Elon Musk’s attention and he succeeded! After 154 attempts to reach the CEO of SpaceX via Twitter , the enthusiastic programmer got a response.

The independent developer Lyubomir Vladimirov , promised to publish the same message for the daily businessman for a year. His intention was to ask Musk for permission to develop a game inspired by SpaceX , his space exploration company.

Dear Elon. I am a game developer and I am making a game about the colonization of Mars with you and SpaceX. If you think it’s cool, all I need is a ‘go ahead’ to use your name and logos. I will post this every day for a year or until I get a ‘yes’ or a ‘no’. 154/365 ” , says the video game creator’s post.

After 22 weeks of prodding, the CEO of Tesla finally heeded him and answered Vladimirov’s request.

“You can steal our name / logos and we probably won’t sue you ,” the Space CEO replied from his Twitter account.

 

 

After receiving the long-awaited response from Elon Musk , the tweeter promised that a good part of the video game’s profits would go to SpaceX .

“I want to give 80% of the profits from the game to SpaceX. In that way, the game will not only serve the important purpose of entertaining people and arousing their interest in Mars, but will also help Elon Musk and SpaceX to achieve this, ” wrote the programmer, who promised to show more progress soon.

Vladimirov has shown that he wasted no time while waiting for Musk’s permission. In his profile you can find several videos showing the interface of the game.

 

 

 

 



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4 min read


This story originally appeared on MarketBeat

In true Rocky Balboa fashion, Rocky Brands (NASDAQ:RCKY) has picked itself off the mat and staged a remarkable comeback. Since the pandemic landed an uppercut and sent the stock below $20 for the first time since 2018, Rocky Brands has more than tripled.

The Ohio-based footwear company has been kicking butt over the past 12 months thanks to a string of knockout earnings reports and prospects for continued growth. After a strong start to fiscal 2021, Rocky Brands is now trading at an all-time high above $60. Is it too late to try on for size? 

What Does Rocky Brands Do?

Rocky Brands is a lesser-known consumer discretionary company, yet it has been making premium footwear, apparel, and accessories for almost 90 years. Its history on the public stock exchange dates back to 1993.

Its portfolio of in-house brands caters to a range of blue-collar customers from construction workers and outdoorsmen to military personnel and country-western types. In addition to its popular Rocky, Durango, Lehigh, and Georgia Boot products, it sells Michelin footwear through a licensing agreement. Yes, this is the same Michelin makes tires—and, in fact, the technology used to make the tires is the same used to make Michelin shoe soles.

Over the years, Rocky Brands has added to its brand lineup by reaching into unexpected corners of the corporate world. Earlier this year, it acquired Honeywell International’s footwear business for $230 million. It is best known for The Original Muck Boot Company brand and owns a leading outfitter for the commercial fishing market called XTRATUF that Alaskan fishermen have been sporting for decades. The deal will significantly boost to Rocky’s performance footwear lineup, sales, and is expected to be immediately accretive to earnings.  

How Did Rocky Brands Do in 2021 Q1?

On the heels of three consecutive big earnings beats, Rocky Brands was at it again to kickoff fiscal 2021. The company reported record first-quarter numbers that included 57% year-over-year revenue growth to $87.7 million. The wholesale business did particularly well growing sales 69% while the recovering retail business notched 42% growth. Sales in the much smaller third segment, Military, were up 16% to $4.4 million.

Adjusted net income was soared 344% to $8.7 million and adjusted earnings per share (EPS) came in at $1.19. This was the result of an impressive 5.4% gross margin expansion to 40.1%. It was also encouraging that Rocky Brands’ largest segment, Wholesale, experienced the largest margin expansion.

To be fair, however, Rocky Brands faced an easy comparison in Q1 given the impact of COVID-19 on the first quarter of 2020. The pandemic forced the temporary closure of the company’s manufacturing facilities and led to a $1 million operating expense.

Nevertheless, both the top and bottom-line results trounced analysts’ forecast of $71.3 million in revenue and adjusted EPS of $0.59. This along with management’s upbeat tone drove the stock up 15% as of midday Cinco de Mayo trading.

 Is Rocky Brands Stock a Buy?

Its hard not to like Rocky Brands. Not only does it have a strong, growing portfolio of high-quality footwear brands, but the company is shareholder-friendly. It pays a 2% dividend, an uncommon yield for a company its size (~$380 million). Management also recently announced a new $7.5 million stock buyback program that will take the place of the one that just expired.

With this said, Rocky Brands is getting a bit overheated. The stock is up more than 120% year-to-date compared to 21% for the S&P 600 small-cap index. It has also stretched outside the upper Bollinger band, an area that has historically been followed by a correction. Investors should therefore look for a better entry point on this one. Another low volume pullback like what we saw prior to this week’s earnings would be an ideal time to jump in.

But there isn’t a need to be too picky with the entry point here. That’s because Rocky Brands is still inexpensive at roughly15x forward earnings. This is considerably below the footwear and apparel industry average of 23x.

The two sell-side analysts that cover Rocky Brands both reiterated their ratings post-earnings, one being a buy, the other a hold. Their $65 and $68 price targets, however, suggest limited upside from here and confirms what the technical picture says about finding a better entry.

Rocky Brands in the low to mid $50’s would be a good time to step into the ring and ride a comeback Sylvester Stallone would be proud of.

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Digital media company LiveXLive Media (NASDAQ: LIVX) stock has been a bit of a rollercoaster experiencing extreme spikes and drops as a speculative play on streaming music and video content.


5 min read


This story originally appeared on MarketBeat

Digital media company LiveXLive Media (NASDAQ: LIVX) stock has been a bit of a rollercoaster experiencing extreme spikes and drops as a speculative play on streaming music and video content. The independent network offers music-related live and streaming audio and video content along with niche events like its “Social Gloves: Battle of the Platforms: YouTubers vs. TikTokers” pay-per-view boxing event, catering to social media fans and millennials. It also operates Slacker Radio and various podcasts. LiveXLive claims to have transcended the 1 million paying subscriber mark and always carries the potential for an acquisition if their portfolio is compelling enough. The Company is also trying to gain from the non-fungible token (NFT) momentum by opening an NFT division that will mint performances, video and audio content, and digital playing cards. This could be an up-and-coming viable network utilizing social media in an underground manner. This small-cap company is a purely speculative play suitable for nimble traders and seasoned speculators that can keep stop-losses and tolerate high-volatility and periods of thin liquidity.

Q3 Fiscal 2021 Earnings Release

On Feb.11, 2021, LiveXLive released its fiscal third-quarter 2021 results for the quarter ending December 2020. The Company reported an earnings-per-share (EPS) losses of (-$0.12) missing analyst estimates for a loss of (-$0.10) by (-$0.02). Revenues came in at $19.1 million versus $17.7 million consensus. The Company raised full-year fiscal 2022 revenue estimates to come in between $90 million to $100 million versus $91.3 million consensus analyst estimates.

Raised Guidance Estimates

On April 5, 2020, LiveXLive raised it’s full-year fiscal 2021 revenue guidance to a range of $64.5 million to $65.5 million versus analyst estimates for $64.09 million. Adjust fiscal 2021 operating income is expected between $1 million to $3 million. The Company expects full-year 2022 revenues to come in between $100 million to $110 million versus $99.13 million consensus analyst estimates. The Company ended Q4 and fiscal 2021 with over 1.075 million paid subscribers and has livestreamed over 140 live music events and 1,781 artists across the LiveXLive platform, generating over 150 million live stream views compared to 42 events, 256 artists and 69 million live streams in prior year. The Company saw 533% growth in its Q4 fiscal 2021 livestream views hitting 38 million versus 6 million views in the same year ago period. LiveXLive’s 24-hour linear OTT streaming channel reaches over 300 million people. It’s PodcastOne generated more than 2.25 billion downloads in 2020, with over 234 exclusive podcast shows and now produces more than 400 podcast episode weekly. Total social media reach across the exclusive PodcastOne talent roster exceeds 240 million.

Samsung Free and PodcastOne Deal

On April 9, 2021, LiveXLive inks a deal with Samsung (OTCMKTS: SSNLF) for all PodcastOne distributed content to be available on Samsung Free service via the Listen tab. PodcastOne President, Kit Gray stated, “Listening to all your favorite hosts and shows shouldn’t be more than a one tap process and our agreement with Samsung brings fluid accessibility to podcast fands in a new way.”

Growth Drivers

LiveXLive could be an up-and-coming network both in terms of digital streaming platform and its podcast network. In Hollywood, the saying “Fake it ‘til you make it” could apply here. In its Nov. 16, 2020 conference call, LiveXLive CEO Rob Ellin summed it up, “Today, LiveXLive has grown and evolved to be a leading talent-first platform focusing on connecting artists with their superfans, building long-term sustainable valuable franchises, audio music, podcasting, vodcasting, OTT and pay-per-view, live streaming and video on demand and our distribution, which continues to expand. LiveXLive’s 24 hour OTT streaming channel now has a reach of over 300 million people on platforms like Amazon Fire and Roku, Apple TV, SLING, Xumo, STIRR, and both Samsung Smart TVs and Samsung TV Plus.” It’s worth noting that LiveXLive has had a partnership with Tesla (NASDAQ: TSLA) for 8 years where LiveXLive subscriptions are pre-installed in every Tesla vehicle sold in America. The LiveXLive app is pre-installed in 85 other automobiles as well as major carriers including T-Mobile (NASDAQ: TMUS) and Verizon (NYSE: VZ). Time will tell whether the Company is hype or the real deal. 

LiveXLive Media Stock is a Risky But Compelling Streaming Network Play

LIVX Opportunistic Pullback Levels

Using the rifle charts on the weekly and daily time frames provides a precision near-term view of the playing field for LIVX shares. The weekly rifle chart uptrend peaked out near the $7.02 Fibonacci (fib) level and abruptly collapsed to the $3.38 fib support, which has proven to be a sturdy support area. The weekly 5-period moving average (MA) is at $4.04 with 15-period MA at $4.29 as the weekly stochastic tries to mini inverse pup lower. However, the recent spike to the $4.53 fib has stalled out the weekly downtrend until the daily rifle chart resolves its uptrend, which may be peaking out. The daily market structure high (MSH) sell triggered on the breakdown below $5.16. However, the daily market structure low (MSL) buy trigger sits at $3.91. The daily 5-period MA support overlaps at $4.24 but is on the verge of a potential MSH trigger if the $4.20 fib breaks. Nimble traders and seasoned speculators can monitor for opportunistic pullback levels at the $3.72 fib, $3.38 fib, $3.08 fib, $2.57 fib, and the $2.22 fib. As a small-cap stock, liquidity could be a problem so it’s important that only seasoned traders and speculators are suited for this high-risk stock.

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After reporting blowout first-quarter earnings after the market closed on April 28, Align Technology (NASDAQ:ALGN) stock took a sharp break to the upside on higher-than-average volume in early trading 


4 min read


This story originally appeared on MarketBeat

After reporting blowout first quarter earnings after the market closed on April 28, Align Technology (NASDAQ:ALGNstock took a sharp break to the upside on higher-than-average volume in early trading. But ALGN stock is giving up those gains on what I can only believe is investors looking to take profits. 

The same pattern emerged after the company last reported earnings in February. At that time, ALGN stock dropped 20% before starting its recent climb. Is a similar pattern emerging? It could be. Short interest has been rising in the last month.  

This means you may not want to jump on ALGN stock at this moment. However you should look for an advantageous price point to buy the dip.  

A Pandemic Winner 

Align Technology was a big winner in the pandemic as consumers looked to update their look in a world where video conferencing became the new normal. And with traditional orthodontic options unavailable, it gave Align (and its invisalign technology) a catalyst for growth.  

Align Technology CEO Joe Hogan refers to this as an “orthodontic revolution.” Part of this stems from the simplicity of the product. Patients can wear the clear aligners without concerns of them being visible to others.  

And the growth is not just occurring in the United States. According to Hogan, the company’s growth is “deep and wide.” Hogan specifically pointed to growth in markets such as Europe, Japan and China.  

For the full year, Align management expects $3.7 to $3.9 billion in net sales with the majority of that coming in the second half of the year. Analysts were forecasting $3.49 in sales.  

The Global Teledentistry Market Report projects the market to reach a $2.6 billion valuation by 2027 with a compound annual growth rate (CAGR) of 17.1%.  

A Doctor-Driven Model 

Investors looking to invest in ALGN stock may also be looking at a company like SmileDirectClub (NASDAQ:SDC). SDC stock sells for less than $20 per share and may be considered a better buy as the “underdog” in what is largely seen as a duopoly. 

But that’s not the right way to look at these two companies. Align Technology is not competing with traditional orthodontistry. In fact, the company’s model relies on orthodontists and, in simpler cases, dentists to use their technology. The company’s technology can help build a larger client base for these professionals because patients come into the office requesting it.  

That’s different from the SDC model which is direct-to-consumer. I wrote about SmileDirectClub once during the pandemic and once earlier this year. And the same reason I liked SDC stock last year is what has me favoring ALGN right now. 

Adding fule to that argumenti is A survey by Dentisty Today found that 72% of dental practices did not offer teledentistry in 2020. However the same survey reported that 23% are planning to offer teledentistry in 2021.  

Simply put, many patients are not looking to cut their orthodontist out of this process, they’re looking to work collaboratively. That’s an opportunity better suited to what Align Technology offers.  

Is Align Giving a Sell Signal? 

Analysts love the stock. Five analysts have boosted their price target since the announcement and all five have a price target of over $700.  

However, Align management did note that they were planning on purchasing $100 million of its common stock either via open market repurchases or through an accelerated stock repurchase agreement. This would take place on or prior to May 3, 2021.  

With that in mind, the stock may have further to fall. However, investors should still be on the lookout to buy ALGN stock after this selloff is complete. After that though, ALGN stock looks to have plenty  of upside for investors.  

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5 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.


Do you plan to become independent soon and have your own space? With these infallible tips to rent your first apartment you can easily achieve it. The real estate portal Propiedades.com shared how to do it without failing in the attempt.

It starts with a savings phase

Before starting with paperwork and removals, it is important that you create a savings policy. With it, you will generate a sufficient budget to cover the various expenses that you will face in the first months.

To achieve this, Leonardo González, Real Estate analyst at Propiedades.com , mentions that the 50/30/20 rule could help you. The expert explains that with this method you assign spending caps and adjust your habits to incorporate items without generating financial stress.

So you could designate 50 percent of your income for necessary consumption, such as transportation, food, school, clothing, etc. 30 percent to expendable expenses, such as trips to the movies or streaming services. Finally, allocate 20 percent to your savings for your future home.

This exercise will help you determine your ability to pay your monthly rent. According to experts, your rental budget should correspond to 25 and 30 percent of your income. Based on this amount, you will need to take the next step and find the right place according to your needs.

Image: Depositphotos.com

Find the ideal place

To do this, you must first raise your housing needs, considering the following points:

  • Close to places (office, school, etc.)
  • Public transport connection
  • Number of rooms
  • Type of dwelling (house or apartment).

Just as you have to be realistic with your budget, you have to be realistic with what you will need in your new home. Take into account if it is essential that you have state-of-the-art amenities or you can do without them.

When looking for the ideal place to rent, review several options trying not to be more than six. According to Óscar Zárate, Ubiksa’s sales executive, after visiting many properties it is more difficult to make a decision. However, when you have defined what you want, you can easily choose.

Review the data and requirements well

Although it is more advisable to seek the help of a real estate agent to avoid fraud, you can also do it on your own. However, pay close attention to the characteristics of the property, the price and the requirements that they request to rent.

Monica Aranda, Customer Service Manager for the property portal Propiedades.com, indicates that an area of high demand cannot have a price lower than the average for that area. This type of fraud occurs mainly in colonies such as Condesa, Polanco, Rome or Naples. They generally request deposits to visit the property, so pay attention and avoid them.

On the other hand, remember that in Mexico it is important to have a guarantee to rent a property. This person will be the one who guarantees the rent payments in case the tenant cannot cover them. Therefore, you must prove that you own a property.

In case you do not have a trusted person who can act as a guarantee for the rental, there are other alternatives. For example, resorting to a leasing policy that is requested in a surety company; or ask your bank to guarantee your income.

Read your contract and regulations very well

When you have found the ideal place and are about to sign the documents, take your time and read carefully. It does not matter if it takes a long time, it is essential that you carefully review all the points of the contract.

Remember that you are carrying out an important transaction and you will have to fulfill the contract for a certain period of time. Also, check that all the information in it is written correctly and avoid conflicts with your landlord.

The fundamental points that this document must comply with are:

  • Full name of landlord and tenant
  • Address and characteristics of the property
  • Rent amount, term and payment methods
  • Payment compliance guarantees
  • Termination clauses of the contract
  • Additional clauses (pets, automatic renewal, rent increase, etc.)

Now that you have this information, you will be able to find your ideal home to create your own space.

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Take note and make no mistake when hiring the new member of your team.


4 min read

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


By: Alejandro Paz, country manager at Robert Walters México

It’s 2021 and after learning to surf in pandemic times, you surely need to get a group of people together again to grow your business. In the current context, it is important to comment on the main mistakes when recruiting new collaborators.

In this sense, I share with you which are the errors to which we must pay attention:

  • Not being clear about the profile you are looking for: it is very common that when organizations make the decision to look for a new profile, they make an immense list of the set of skills and knowledge they need in the candidate. However, there is often an imbalance between what is sought, what is offered by the organization and the market in general. For this it is important to analyze the position in detail, question the essential skills and knowledge and know the salary range of the market to ensure that the search is aligned and we can compete to reach those profiles.

  • Job advertisement: the job advertisement is the first showcase for candidates to know about the opportunity and feel attracted. A very general job advertisement, with little information, will not attract candidates who meet the requirements, generating a double job to identify qualified candidates for the position.

Seek that your ads contain the necessary information, without over-promising the position to avoid false expectations in the medium term. To make your ad more successful, include information about the position, activities of the position, expected results, the necessary technical and personal skills, information about the company, organizational culture and what they can offer.

  • Not having an employer brand: companies that do have an employer brand will be able to position themselves in the minds of the best candidates; Being an invisible company can impact the number of applicants. It is important that marketing and HR teams can create a powerful employer brand that shows the day-to-day life of the organization and can share the best stories of the organization’s employees.

  • Get carried away only by paper: nobody teaches us to create our CV, there is no training on this subject when it will be one of the most important elements when entering the labor market. We found, 5-page CVs that include since the person was in kindergarten and an infinite list of activities, but not the tangible result. Many times the format of the CV, as well as the design and content can skew the first impression and even impact diversity issues. If you get carried away, you could be leaving promising candidates out.

We recommend having anonymous CVs in a homogeneous business format that allow you to analyze the information from a more objective perspective. In the interviews, there are organizations that distort the voice, practical cases can also be implemented to learn more about the way of thinking of the applicants.

  • Balance between skills and technical knowledge: the pandemic has made it clear that in addition to technical skills, soft skills such as resilience, leadership, communication and autonomy are required. There are models of interviews by competencies, as well as specialized tests that can help you map the result between the expectation of the position and those that the candidate has or has yet to develop.

  • Too long and slow processes: Do you already have the best candidates? Hurry to decide! One of the worst mistakes that can be made is creating endless processes with many interviews and where responses are delayed. If the candidate will not be selected, they will only be investing a lot of time and if you already have the perfect candidate, but you take time to respond, some other company may offer and you will lose your best candidate. Make sure the process is as agile as possible.

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6 min read


This story originally appeared on ValueWalk

Industries around the world are improving their modes of production to meet the increasing demand. A growing number of employers have started to introduce cryptocurrency as a method of payment or remuneration for employees. With these advancements sweeping itself across various lucrative industries, the founder of Jobchain®, Jose Bay has shared support in the standardization of crypto as a means to pay employees. The use of digital currencies and online platforms such as Jobchain® could make for the equalization of employment opportunities for thousands of people in remote areas across the globe. 

What is Jobchain, and where did it start?

Founder and CEO, Jose Bay spent years traveling abroad as an International Atomic Energy Agency Officer and soon saw a new life in the use of cryptocurrency. The platform has led to the revolutionization of a digital era since its founding in 2019. The platform has already received multiple awards and international recognition as one of the best blockchain corporations in the world. Jobchain has become one of the very first platforms in the world that allows any person, from anywhere in the world to find JOBs

The use of these platforms will allow job seekers to:

  • Have more freedom and security over monthly transactions, away from a centralized entity i.e., bank;
  • Allows for equal opportunities for around 1.7 billion people in the world without access to bank accounts and social security; 
  • Eliminating and decentralizing employers and employees from third-party banks and financial entities to improve efficiency and lower transaction costs. 

Jobchain is a forward-thinking method that allows millions of people an opportunity to become active users of cryptocurrency. Moreover, the launch of its own native cryptocurrency, JOB, has given more traction to the standardization of crypto in the workplace and offers employers a viable financial solution that will only see more growth in the coming years. 

Why use JOB instead of traditional cash?

The integration between Jobchain and its currency JOB has allowed for the streamlining of paying employees each month. JOB is a trusted crypto which had a massive increase in value throughout 2020. More so, Jobchain and JOBs have mitigated the damage caused by national governments and centralized banks, allowing them to still grow in value, without having to face the risk of theft, decreasing value, and can be used anywhere in the world. 

JOB coins are now a suitable solution for many people, offering immediate payments into a Jobchain® Wallet, or even onto a physical hardware wallet such as Ledger Nano x. The growth that Jobchain and JOB have undergone has seen the introduction of alternative payment methods such as Bitsa, Bitnovo, or a prepaid Visa Card. 

There are no real limitations as to what you can and cannot do with your JOB currency. While thousands of stores and retailers around the world are quickly looking for new ways to incorporate the use of crypto, JOB coins can easily be exchanged at cryptocurrency ATMs. 

JOB has allowed for the use and introduction of:

  • A multilayered security and efficiency feature to cryptocurrency;
  • Offer multiple transaction methods without dependency on third party entities;
  • Given way to the introduction of receiving crypto as your monthly salary; 
  • Blockchain systems work 24/7, giving employers and employees faster access to their payments;
  • Nearly unlimited transaction methods across the world;
  • Eliminating the registering of bank accounts and social security.

Why this is an important moment for crypto in the job market

Institutional investors like Tesla and others have moved early on crypto. Employees have been left behind. Jobchain is really the first movement to adress this issue. Its team have spent years to bring forth a solution that can be used by any person, from anywhere in the world. The company mentions that the use of blockchain gives those in the workplace a platform on which they can conduct thousands of transactions, digitally and effectively. 

Following the trend of coins and cryptocurrencies such as Bitcoin, these currencies have become extremely reliable and even more so, valuable. The use of traditional money has become too unstable, as national and international relations and trade deals can influence its overall value. 

Jobchain offers a digital solution that has recorded multiple transactions via its blockchain. The platform gives a more streamlined approach to both the employer and employee. Solutions like these give industries a better way to understand how the modern workforce is rapidly changing. The Jobchain platform set-up is also quite easy, simply add your personal details, educational history, and work experience within your Wallet Application. 

Jobseekers will be able to review thousands of job profiles, filtering searches through availability, location, salary, and score. Employers will now also have more access to suitable candidates, viewing their profile, and conducting interviews with potential employees. The use of Jobchain makes it a lot easier to locate and pay employees, allowing employers to create equal employment opportunities. 

How do I pay using JOB Coins?

As previously mentioned, JOB coins can be shared and transacted via multiple platforms. Understandably, new users of cryptocurrency would feel confused on how to pay using crypto, but Jobchain and JOB coins make it a lot easier.

Using either your Jobchain Wallet or a different crypto wallet, you can look at various merchants in your area, or online that accept cryptocurrency as an alternative method of payment. Using the merchant’s cryptocurrency address, you can enter these details into the space provided in your wallet. Enter the amount you wish to use, or transact, and hit “send.” Additionally, you can also make use of a Bitsa or Bitnovo card. 

The team at Jobchain® is positive that upcoming employers would advocate for the use of cryptocurrency as a method of the monthly payment. Jobchain’s native crypto JOB has undergone some massive improvements in recent months, and in 2020 it was one of few cryptos that increased most in value throughout the course of the pandemic. These practices can allow millions of employees an equal opportunity to seek work, receive secure payment, and understand the value cryptocurrency has in an emerging economy. 

 

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9 min read

Opinions expressed by Entrepreneur contributors are their own.


The following excerpt is from Dan S. Kennedy and Dustin Mathews’ book No BS Guide to Powerful Presentations. Buy it now from Amazon | Barnes & Noble | iTunes or click here to buy it directly from us and SAVE 60% on this book when you use code CAREER2021 through 4/17/21.

Note: This excerpt was guest-written by Dave Vanhoose, co-founder of Speaking Empire.

A Signature Presentation is a message that works for you no matter when, where or how you share it — speaking, in a webcast or webinar, facing one person across a desk or 100 people from a stage. This becomes the core of any and every presentation you deliver.

Related: Why Every Personal Brand Needs a Target Audience

The following Speaker’s Formula™ organizes your presentation into 12 component parts, in a particular order.  

When most people get up on stage, make a video or hold a webinar, they talk at people. That’s a pushing energy. It actually pushes people away. It’s better to draw them toward and into your presentation so they give you their attention and get interested in what you have to say. A compelling emotional or dramatic story can do this. This can tie to your reason for making your presentation and for being in the business or for selling the product you’re selling. A set of provocative questions is another approach. A set of specific, intriguing promises is yet another. One way or another, the first block of your presentation needs to be about getting and holding attention.

2. Build rapport

People buy from people they know, like and trust. People don’t just buy things from you; they have to buy you. An excellent way to build rapport is with personal transparency. You may choose to share your personal challenges, an obstacle you’ve overcome or doubts you conquered that got you to this moment of appearing before your audience and introducing them to your opportunity. It’s usually a mistake to barrel ahead with a presentation of facts, figures, product features and benefits, and propositions without first establishing some rapport with the audience.

3. Gain credibility

An audience needs some reassurance that you deserve being listened to. The same presentation gets very different results if delivered by two different people and only one gives reasons why he has the right to talk about the subject and to talk to the audience in front of him. Are you part of a respected group or association? Are you an author? Have you been seen in relevant publications? Have you been seen on TV or heard on radio? Are you just another cosmetic surgeon, or are you THE cosmetic surgeon who wrote The Official Consumer’s Guide to Cosmetic Surgery . . . who lectured at known hospitals . . . who has been a guest on a popular TV show . . . who is certified in the technique favored by major movie stars? In short, you need to lay out your claims to fame at this point in your presentation.

4. Target problems

Your audience entered the room, came to the webinar, started listening to your audio CD already in and with pain — if not physical, then in the broader sense: disappointment, frustration, recurring failure, anxiety, confusion. Everybody has something of this nature going on. For many people, it’s simmering — not acute or urgent. At this point in your presentation, you want to draw it out and state it, turn up its heat and make it acute and urgent. Relatively few people can be motivated by gain alone. Most move toward gain as a way of escaping pain.

5. Deliver solution

After you’ve dialed up the pain, it’s time to show the audience your solution. This may be your product or service, your diagnostic process, an appointment with you or exam by you or otherwise engaging with you. This point is fifth in the sequence because if you get to it too quickly, you haven’t laid the groundwork needed for your solution to be readily accepted. If you get to it too late, you may frustrate your audience. At this point, you want people to know you have a solution and to be excited about it without getting bogged down in its details.

6. Set expectations

An audience needs to know where they’re going with you. They don’t want to join you in your presentation without a good idea of the destination and the landmark points along the way. Any uncertainty raises anxiety. So you need to tell them what you’re going to tell them.

On a more sophisticated level, you want to try to direct and control their reactions to your presentation. This is sometimes called “framing” or “pre-framing.” By setting these expectations, you create an open loop in their minds, particularly in their subconscious minds. How they feel about and respond to what you say, do and ask of them during the rest of your presentation will loop back to what you told them to expect.

Related: How to Target the Right Audience in 5 Simple Steps

When you present a product, service or just an idea, people have objections and doubts. Maybe, in their mind, they’re saying, “I don’t have time,” or “It won’t work for me.” They’re saying something, and it will likely be a reason not to go forward. The antidote is targeted social proof. You need to identify five to seven typical objections or doubts likely held by large percentages of your audience. Then find five to seven matching social proof stories, testimonials or fact-filled case histories. Each one erases one of the objections or doubts.

8. Show benefits

This is elementary, but it still needs to be said: People don’t buy a product to have the product or even because of its features. They don’t even buy the benefits of the product. They buy the benefits of the benefits. Nobody buys fast-drying paint because it dries fast, or even because of the benefit of that: less chances of it being touched, smudged, dirt falling onto it. They’re buying time and freedom (from drudgery). Virtually every presentation needs at least one slide that lists or depicts the benefits of the benefits.

9. Irresistible offer

Think about offers as “1 to 10.” One is basic, ordinary and/or unexciting. 10 is absolutely overpowering, “must have,” urgent and exciting. Think about the offer you’re going to make. Is it a one, a three, a five, a seven? It’s hard to get to 10 — to absolutely irresistible — but the closer you get, the better. A great presentation can fall flat and fail if it brings everybody to an unexciting offer.

10. No-risk guarantee

The number-one reason people don’t respond to the offer you make with your presentation is that they feel they were let down by somebody else. As you’re presenting, they’re remembering! A strong, simple, straightforward guarantee gives them needed reassurance that they can make a decision with you without getting burned.

You might ask: How long should a guarantee be? It doesn’t really matter. What matters is that you have an appropriate guarantee. If they can judge in seven days, then that’s fine. If they need a month, then a month is better. What’s most important is that you have a guarantee, period.  

11. Give a deadline

The last thing you want is a presentation that lets the audience off the hook and lets them meander out of the room or exit your webinar to think things over. The whole point of doing powerful group presentations is efficiency. The last thing you want to wind up doing is chasing people who saw your presentation, by email, mail or phone. Your goal is to have a presentation that has people running — not walking — to the back of the room to buy or sign up for whatever next step is offered.

A lot of people will do this with now-or-never discounts. This can be effective, but I personally never like lowering prices because it’s what everybody does. Other techniques are fast-action bonuses, a limited bonus only for the first x-number or an impending event, like a fast-start class, breakfast, lunch or online session within hours or the very next day. In any case, the deadline itself must be very clear.

Related: 10 Ways to Learn About Your Target Audience

12. Call to action

I see so many people who seem afraid to make the call to action and tell people exactly what to do and to do it now. You need to be very direct about this. You can tell them to get up and go to the table at the back to schedule an appointment or quickly complete a form and buy the product. You can have forms handed out as you’re getting to this point in your presentation and tell them to fill them out and take them to back tables, “the folks in the red jackets at the doors,” or to bring them up to the front to you. If you’re delivering your presentation in a physical location, it’s a bad idea to send them to some location outside of that room and out of your sight. If you’re delivering a presentation online as a webinar or webcast, this step should be easy and seamless. Whatever they’re supposed to do as the response to your presentation, they should be told exactly what to do.

With a Signature Presentation built with this Formula, you really can sell anything.

Did you enjoy your book preview? Click here to grab a copy today—now 60% off when you use code CAREER2021 through 4/17/21.

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A family budget serves to project the future income of the family, and balance it with its expenses. Learn to handle them efficiently!

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


A family budget is a document in which we project all the future income of the family members, and we balance them with their future expenses.

The main objective of preparing a family budget is to have greater control of our expenses, always ensuring that the difference between income and expenses is as large as possible.

As the world of the entrepreneur does not begin or end in your business, but also includes your home and family, it is essential that you learn to make a good family budget to exercise an orderly management of your total finances. So, write down and run these tips:

1. Make a list of your income and expenses
First, in the list of your income you must detail all the aspects such as salaries, investments and pensions of all those who contribute to the family circle, in addition to the amounts contributed from other entries, such as businesses.

Meanwhile, in the column of expenses you must include the lease or dividend; expenses for food, water, electricity, gas, telephone, cable, Internet, transportation, clothing, personal care, automobile fuel, credit cards, credit payments, even recreation.

2. Schedule and detail your expenses with realism
It is essential that you are realistic about your expenses. If you put in zero pesos a month to cut your hair or any other beauty expense, you probably won’t be able to stick to that figure. In that case, it is better to limit the times you go to the hairdresser or the beauty salon than to eliminate the expense completely.

3. Do the math
After you have made the income and expenses list, your income should be greater than your expenses. If not, you will need to cut your expenses. Be honest and reasonable about any expense you cut; you’ll still have to eat, so don’t take away your grocery expenses. However, you can find ways to save on your grocery expenses with coupons and shopping smart.

4. Include your family
Inform your family of the decisions you make about your budget. Also, you should try to get family members who are old enough to understand the process to help you with difficult decisions. For example, if your teenage daughter has a cell phone, maybe she can stop texting so she can go to the movies.

5. Update your budget
The only way your budget will work is for you to remember to update your spending throughout the month to make sure you are on track.

6. Take care of saving
The difference between the income and expenses of each month (balance), would be the savings that you will get monthly. You must ensure that this saving is always positive and that it is the greatest possible. It is recommended that it represents a minimum of 10% of the total income.

The sum of the monthly savings will give you the total annual savings. With this savings you can cover any emergency or eventuality, invest in new businesses or investments, or give yourself some tastes that improve your quality of life.

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