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Futuristic Development of Organizations Necessitates Digital Transformation

Once, “going online” was optional, maybe trendy at most, for organizations. Not anymore, though. In the race to stay relevant, digital transformation is now key to a futuristic development.

What is Digital Transformation

The leading tech mega-corporation- I.B.M., states that “digital transformation takes a customer-driven, digital-first approach to all aspects of a business.” Digital transformation essentially modifies and simplifies the methods of operation of a company.

It works on the core intention of facilitating the user base. Making the corporation easier to access on a digital level helps retain its relevance. Traditional businesses that opt to transform into digitalized versions have shown better performance in the stock market.

Going online also helps streamline the working of an organization. It amasses all information in one place for easier access. Digital transformation helps track and retrieve existing data and log in new data. Employees benefit in a business operating in the digital mode primarily.

Digital Transformation and Consequential Futuristic Development Pre-pandemic

The advent of cloud computing into mainstream usage aided companies in shifting to digital modes of operation. Many tech companies slowly gravitated toward complete digital transformation over the years. Certain big corporations also attempted to streamline their work using the digitalization of data.

The businesses that did opt for digital transformation saw longer relevancy in the market. The common masses prefer the ease of access over anything else. The availability of customer-centric websites and later mobile applications was a relief to most people. Be it someone incapable of going out due to medical predisposition or someone who prefers the comfort of their house.

How the Pandemic was Cataclysmic to driving Digital Transformation

The move toward digital transformation was slow and whimsical. While digital transformation was an upgrade earlier, this changed post-pandemic. It became a necessity rather than an option.

Companies had to shift online to stay relevant to the time and its demands. The pandemic necessitated the availability of work from home. Industries unable to operate online took a big hit, economically speaking.

While the pandemic may be nearing its end, it has opened a path toward complete digital transformation. It is a point from which no one can turn back. Small businesses do exceptionally well online, owing to their digital presence. Organizations that have still failed to digitalize their mode of operation are nearing their demise.

The evolution of the economy goes hand-in-hand with customer demand. Further development of an organization relies on the fact that they meet current demands. Not embracing technology is a cost too high. Digital transformation and optimum use of current technology is the only way for futuristic development.

Women Leaders leading the Business Industry in 2022

Women empowerment is a term that has changed the world greatly. Inspiring women to step forward and embark on a journey of success and prosperity has offered the world some of the finest women leaders. Rising above the gender bars of society and proving to the world that business is for all, these most influential women have created history.

So, here is the list of the most influential women in the world in 2022 who are known for their passion, energy, skills, and aptitude.

10 Exceptional Business Women Leaders 2022

These influential women in the world have proved that success is for those who are ready to move ahead with dedication. So, here are the top women leaders:

1] Lisa Su- CEO of Advanced Micro Devices (AMD)

Lisa Su is a Taiwanese-American businesswoman and electrical engineer. Before becoming AMD’s CEO and president in 2014, she worked at IBM, Texas Instruments, and Freescale Semiconductor. Su is one of the most influential women interested in finding out how things worked. As a Ph.D. student, Su was one of the first scientists to bring attention to an unproven technique for improving semiconductor technology. Fortune magazine named Su one of the World’s Greatest Leaders, 2017.

2] Mary Barra- CEO of General Motors

With a passion for American automobiles, Mary started her journey after graduating from the General Motors Institute with a bachelor’s degree in electrical engineering. In 1980, she started to work with General Motors. She worked at General Motors for quite a long period and in numerous engineering and administrative positions that carved her career. She went on to Stanford Graduate School of Business for MBA. She became the first female CEO in 2014 and is one of the most influential women in the world.

3] Susan Wojcicki- CEO of YouTube

In 2014, Susan Wojcicki was named CEO of YouTube. She graduated from Harvard University with honors in history and literature before finding her passion for technology. She became Google’s 16th employee and marketing manager in 1999. She later rose to Chief Vice President of Advertising and Commerce. Wojcicki realized YouTube’s potential and urged that Google buy it, which she did in 2006 for US$1.65 billion. She is now in charge of YouTube’s phenomenal expansion and is one of the finest women leaders in the world.

4] Leena Nair- CEO of Chanel

Leena Nair is Chanel’s newly appointed global CEO. She is also one of the top female leaders in India. Before joining Chanel, she was the CHRO of Unilever. Nair earned his bachelor’s degree in electrical engineering from Walchand College of Engineering in Sangli and his master’s degree in management from XLRI in Jamshedpur. She began her career with HUL as a management trainee. She was named one of Fortune India’s Most Powerful Women 2021 and became the company’s first female and Asian CHRO at 52.

5] Falguni Nayar- CEO and Founder of Nykaa

Falguni Nayar, the CEO, and Founder of Nykaa, is a self-made woman millionaire. Nykaa was started in 2012 with a vision to offer online access to cosmetics. FSN E-Commerce Ventures, Nykaa’s parent business, is the country’s first woman-led unicorn to list on the stock exchange. She was selected ‘Businesswoman of the Year’ at the Economic Times Awards for Corporate Excellence 2019 to contribute to the Indian beauty sector. Her place in Indian startup history has been reinforced by the Nykaa IPO.

6] Kiran Mazumdar Shaw- Chairperson & MD of Biocon

One of the top female leaders of India, Kiran is a first-generation entrepreneur and global business leader. With the extensive experience of 40 years in biotechnology, she is the one who founded the biggest biopharma company, Biocon, in 1978 in her house garage. Kiran has received various awards and recognitions during her tenure and the most prestigious Padma Shri and Padma Bhushan awards. In 2020, she was named EY World Entrepreneur of the Year, and in 2019, she was named EY Entrepreneur of the Year India.

7] Sonia Syngal- CEO of GAP Inc.

One of the few women leaders who are a part of the Fortune 500 list, Sonia is from India and has lived most of her life in Canada and America. Sonia is recognized for helping young women raise their voices using Gap Inc’s graphic tees. She has held significant leadership and general management positions with Gap Inc. since 2004. It included the Managing Director of the company’s Europe business, Senior Vice President of Gap Inc.’s International Division, and International Outlet, division.

8] Jane Fraser- CEO of Citigroup

Jane Fraser is the company’s first female CEO of Citigroup. She served as President of Citi and the Global Consumer Bank CEO till 2021. She oversaw Citi’s consumer businesses in 19 countries, which included retail banking and wealth management, credit cards, mortgages, operations, and technology. She is also a member of the Harvard Business School Dean’s Advisory Board, the Stanford Global Advisory Board, the New York Economic Club, and the Council on Foreign Relations as Vice-Chair for Partnership for New York City.

9] Karen Lynch- CEO of CVS Health

Lynch took over as CEO in February 2021. She was previously executive vice president of CVS Health and president of Aetna, the company’s insurance division. She is the Fortune 500’s highest-ranking female CEO. CVS is one of the world’s largest healthcare companies. Lynch is ranked first on Forbes’ list of the 100 Most Powerful Women in the World for 2021 and Fortune’s list of the 2021 Most Powerful Women in Business.

10] Padmasree Warrior- CEO of Fable

One of the women leaders who moved ahead to bring awareness to mental health and wellbeing, Warrior is truly influential. Padmasree founded Fable, a mental wellness-focused curated reading platform, in 2019. She was the CEO of NIO USA before moving to her passion. She is on the Microsoft and Spotify boards of directors. She did chemical engineering at IIT Delhi. Then she earned a master’s degree in chemical engineering from Cornell University. Warrior was even named on Forbes’ list of the world’s top 100 most powerful women.

Success is for those who believe in themselves and are ready to work hard to reach the top. These women leaders proved that when you have determination and willingness, there is nothing that can stand in your way to success. So, feel inspired by the list of the women leaders in 2022 and gear up yourself to follow the path of success.

With iPhone 14 coming soon, Apple changes the focus of its television advertising.

Apple is now going to launch the iPhone 14 to the market, which will be one of the craziest times for Apple lovers to follow the latest tech news as the company is almost there to launch its new iPhone.

Since the company has decided that they will launch the new smartphone, they are now going to make a very important decision for the launch and advertisement process related to television and advertising.

The company has decided that they will not advertise the new iPhone 13 to the market as they think that it is not a crucial time to launch the advertisements for the iPhone 13, and they will completely focus on the iPhone 14 from now onwards.

They have made that they will now start the complete campaign for the iPhone 14, and they will attract the view of the customers towards the newly launched iPhone. The company is also excited to launch the new product to the customers, and people will be able to get one of the most effective ranges of the iPhone that is going to be the best television and marketing procedure.

Hopefully, the company will launch the newly invented product to the market, and this is going to be one of the most useful tactics of using various Apple device marketing issues by the help of which people will be able to understand that the iPhone that is going to be launched in the few days that is going to be one of the most useful devices for them and it has also become one of the most useful tactics for them.

After the launch of the iPhone 14, the whole thing related to the iPhone 14 will get changed, and people will be able to use the product for a period of time also. It can be changed in any situation, and the marketing procedure that is being used is also becoming one of the Muslim picnics for users. Can take help from the various advertisement methods that are available around the iPhone 14 launch by the help of which people will be able to understand that the product that has been used can be relatively helpful for the uses in several cases. It can be checked thoroughly and should be checked and processed in various situations

Gautam Adani Is Now the World’s Sixth Richest Person

In recent years, the Adani group, a conglomerate with businesses in sectors such as energy, port and maritime transportation, mining and edible oil, has grown dramatically in value, propelling Gautam Adani to the world’s sixth-richest person with a net worth of $118 billion. This has been fueled by a meteoric rise in the value of the Adani group’s publicly traded stocks. According to the Bloomberg Billionaires Index, the 59-year-old entrepreneur has surpassed Google’s legendary co-founders Larry Page and Sergey Brin in terms of wealth.

Gautam Adani now 6th richest person in world, $20.6 billion richer

Important to note in this context is that Adani’s net worth increased by $8.57 billion, or approximately Rs 65,091 crore, on Monday, owing to an increase in the share prices of Adani Green Energy, Adani Enterprises, Adani Gas, and Adani Transmission on the New York Stock Exchange. The shares of Adani Group rose by as much as 16 percent on Monday, despite the fact that the country’s benchmark indices finished the day with losses.

Adani Green Energy enters the list of the top ten most valuable companies on the Bombay Stock Exchange, replacing Bharti Airtel.

Gautam Adani has become the world’s wealthiest person this year, thanks to an increase in his personal fortune of about $41.6 billion dollars. Meanwhile, according to the most recent Bloomberg billionaire ranking, Mukesh Ambani, chairman of Reliance Industries (RIL), India’s most valuable firm, has a total wealth of $97.4 billion, making him the 11th richest person on the planet. He has seen a rise in his personal wealth of $7.45 billion so far this year. According to the Bloomberg wealth index, Adani is $20.6 billion ahead of Ambani at the moment, and it may be difficult for the chairman and CEO of Reliance Industries to catch up.

What has made Adani so wealthy, and so quickly, is a pointless question. Clean energy, airports, and power plants are among the areas where the mogul is investing. Adani Green Energy is the massive stock market gainer that propelled Adani to the top of the market rankings. On the Bombay Stock Exchange, the company’s shares rose by 16.25 percent to close at Rs 2,701.55 a share on Monday. It made it onto the list of the top-10 most valuable corporations as its market capitalization soared above Rs 4.22 lakh crore.

Throwback: Gautam Adani, India’s richest man, escaped the 2008 Mumbai terror attack and kidnapped and is now the country’s richest man.

Ambani has been at the top of the list of India’s wealthiest people for the past 14 years. After being momentarily dethroned by pharmaceutical tycoon Dilip Sangavi a few years ago, the oil-to-telecom conglomerate head reclaimed his position as chairman and CEO.

This Indian tycoon made more money in the last quarter than either Musk or Gates.

Adani said last week that he had achieved a net worth of $100 billion, making him the newest member of the centibillionaires club. The fact that Amazon founder Jeff Bezos (who presently has a net worth of $176 billion) was the first person since Microsoft co-founder Bill Gates in 1999 to reach the $100 billion mark in 2017 is worth emphasising. Tesla CEO Elon Musk, currently the world’s richest person with a fortune of $249 billion, became the latest member of the exclusive club in 2020.

How to learn food photography?

If you are trying to launch a new restaurant or food hub business, then learn-ing food photography would be paramount for you. It is where you can display your skills to connect to your customers and other prospects.

Food photography, in general, is a form of still photography genre, which is useful in creating beguiling photographs of food dishes. It is a specialized form of marketing where you can reach out to people with breathtaking photographs of your favorite dishes/recipes.

What are the latest stats on food photography in Singapore?

As Singapore is consistently raising its stake in tourism and food business, where it is seeing a growth of over 6.55% year on year, statistics giant Statista has pointed that Food & Beverages segment is projected to reach revenue of $382 million by the year 2025 against the current estimate of $295 million by 2022.

This tremendous growth in the food and beverage business will fuel several allied businesses like delivery, food aggregators, and food photography in Singapore.

Guide on how to learn food photography in Singapore

Food photography may seem to be an easy and painless endeavor, however, for amateurs and enthusiasts, it is recommended to know some detailing and other skills that might come in handy to become the ultimate food photographer in Singapore.

The other things that must be understood include the lighting and designing tips. With creativity, come new forms of marketing, allowing you to prosper in long term. Propping and styling are also necessary to make your photos attractive, exclusive, and appetizing, something which is seriously necessary for the food business.

The following points elaborate on how to learn food photography effectively.

You may start with an economy DSLR camera, which can give you highly reliable and attractive pictures.
Secondly, you must buy proper lights to enhance the visuals of the food dishes. Also focus on making a good scene composition with related story-telling.
While photographing, adjust to different heights and angles, so that you catch the right image to lure your customers.
Use props like kitchen/dining towels, spoons, forks to make food photos trendy and mouth-watering.
Avoid too much zoom. The right height will give customers ample space to know the food dish and ingredients used in it.
Using a tripod is highly recommended for both amateur food hobbyists and pros. The grip is necessary to take highly blunt images of hot and spicy foods.
Know the recipe and ingredients and research the food dish and its aroma/flavors. This will help you to focus better and encourage a creative and conscious visual for an arresting piece of food photography.
Once you are done with taking photographs, edit them using any Photoshop software to make them more effective for social media marketing, brochure and menu design, advertising, cookbooks, etc.
Last but not least, you may find this extremely helpful that explains a lot of food photography at basic level.

Conclusion:

Food photography may be also useful for data extraction and analysis. Laura Bellows, a public health researcher on diet and activity, has pinpointed that “Food photography provides rich data to examine diets in young children”. She was inspired by “The official journal of the Society for Nutrition Education and Behavior (SNEB)”, which claimed that food photography can be used to examine lunches for preschoolers.

What is Predictive Analysis?

Whether you own a business or have a startup, you will always have a need for a data analyst who can analyse the data related to your work and guide you about the performance of your company or Business. This process of inspecting, transforming and modelling data in order to retrieve some helpful information out of it is known as data analysis. Data analysis is a general form analysis whereas Predictive Analysis is a specialized form of analysis which is used to predict the future outcomes of Businesses. It involves the use of both new and historical data to predict future activities and trends. By predictive analysis, you will not know what will happen in the future but you can know what may happen based on the current scenarios.

The Importance of Predictive Analysis

Predictive Analysis is used by several organisations to solve several difficult problems and to discover new opportunities. Some of the common uses of predictive analysis are as follows

Fraud Detection

Cybersecurity becomes a major concern with the growing technology. With the help of predictive analysis, online behaviours of an individual can be analysed with real-time detection which helps in the detection of abnormal actions which may indicate vulnerabilities and frauds.

Marketing campaign optimization

Predictive analysis is used to determine the response of potential customers on the marketing campaign and helps Businesses in preparing a proper marketing strategy in order to promote and cross-sell their products or services. It helps Business in attracting new customers and growing their business.

Risk Reduction

Predictive Analysis helps Businesses and organisations reduce the risk by analysing the previous patterns. A customer’s risk is calculated by assigning him a credit score which is completely based on the previous activities. The credit score shows creditworthiness of the customer which can be used to reduce risk while making any transaction. Insurance claims and collections are some of the risk related uses of Predictive Analysis.

Improved Services and Operations

Predictive Analysis allows organizations in the management of resources and to work more efficiently. Predictive models are used by several companies to forecast inventory and serve customers more efficiently. Hotels use it to predict the number of guests they can accommodate on a particular night which enables them to generate more revenue. Similarly, Airlines use predictive analysis to set the prices of tickets.

The Working of Predictive Analysis:

Predictive Analysis makes use of existing data to predict what may happen in the future based on several different techniques. Predictive models are created by feeding the existing data. These models provide results that represent the probability of activities that may happen in the future based on the set of input data. There are two types of Predictive model. A classification model helps you in predicting class membership and a regression model helps you predict a number.

To start with data analysis, the first step is to define the problem you need to solve which includes the answers to questions like what do you need to predict based on the past? What do you want to understand? and several other questions that describe the problem. Once the problem is defined, you need data from the past and current situations in order to build a model for prediction. The data must be taken from different places and sources which may include transactional system, third party information, weblogs and much more. After the collection of data, the data must be prepared for predictive modelling which requires someone who can understand both the data and the Business.

After the preparation of data for predictive analysis, the process of Predictive model building begins. There are several easy to use software available which makes it easier for several people to prepare a predictive model to understand and predict future outcomes. Though there is much software out there, it is still important to have a data analyst in order to help you refine the data model and an IT specialist who has specialization in intelligence course as he can help you deploy the model. Predictive modelling is a team approach and hence you will need a good team of people who can handle the data and deploy the model along with the understanding of the Business.

The most widely used predictive techniques are decision trees, neural networks and regression.

Decision Trees:

Decision trees are basically a classification model that help you partition data into subsets on the basis of input variables categories. A decision is similar to a tree, where the branches represent a number of alternatives and the leaves represent a classification or a decision. The Decision Tree model analyzes data in order to find out one variable that will split up the data into different logical groups. The decision tree is one of the most widely used and popular classification models because of its ease in understanding and interpreting.

Regression:

The most popular method in statistics is Regression. It allows you to analyse and estimate relationships among the variables. This predictive model is intended for continuous data which is assumed to follow a normal distribution. The Regression model finds key patterns in large data sets which in most cases is used to determine the impact of specific factors like price, on the movement of an asset. In the regression model if you need to predict a variable, say it as response variable then the prediction can be done in three ways. Linear regression makes use of one independent variable to predict the outcome of a response variable and Multiple regression makes use of Multiple different variables to predict response variable outcome. The regression model also helps you predict unknown variables of a discrete variable with the help of known values of other variables. This is known as logistics regression. In binary logistics, the response variable will have only two values i.e 0 and 1 at the same time, multiple logistics regression allows the variable to have several different values.

Neural Networks:

The more sophisticated model of the predictive model is Neural Networks. The Neural Networks model is capable of modelling relationships that are extremely complex. It is one of the most powerful and flexible models which makes it a powerful predictive model as well. With the amount of data being collected, it is becoming much more difficult to handle nonlinear relationships. Neural networks are capable of handling such data and that’s what makes it a powerful predictive model. Neural Networks are often used for the confirmation of the findings from other simple techniques like regression and decision trees. It makes use of some artificial intelligence and pattern recognition in order to model the parameters graphically. When there is no mathematical formula to relate the inputs to outputs, Neural network works fine. In the prediction model, the prediction is given more importance rather than the explanation as there is a lot of data to train the model.

How Predictive Analysis and Models are applied to Business and Enterprises?

Typically, Predictive Models and predictive analysis are used in order to forecast future possibilities. Prior knowledge of future activities and trends can help businesses grow significantly and serve customers in the right way. The historical facts and current data are analysed by the predictive model which helps the Business to understand their customers in a better way. It also allows you to choose the right product by looking at the trends. Choosing a business partner can involve risk but with the help of predictive analysis, you can identify the opportunities and potential risk involved with the Business. There are a number of techniques used by Predictive models which involves statistical modelling, data mining, machine learning and much more.

A vast number of data is collected by Businesses which is used by predictive analysis in combination with the historical data and customer insights. A number of companies now offer solutions to predictive analysis and data mining. The software for predictive analysis can be deployed on-premises or over the cloud based on the type of business or enterprise.

The software for predictive analysis uses the variables that can be measured and analyzed in order to predict the future activities and behaviour of individuals, machinery or other entities. The Predictive model is capable of assessing reliability at an acceptable level by combining multiple variables. Several advanced algorithms and different methodologies are used by the software which includes logistics regression models, decision trees and time series analysis. With the emergence of big data systems, predictive analysis has sprung up in prominence. The opportunities for data mining have also increased as several enterprises are now collecting huge amounts of data through various sources. The capabilities of predictive analytics have been expanded with the increase in development and commercialization of ML tools by IT vendors.

The insurance companies, marketing companies and financial services are adopting predictable analytics since early days to leverage the use of online service providers and large search engines. Industries such as healthcare, retail and manufacturing are also commonly using Predictive Analysis. The main objective to use predictive analytics in Business is to improve targeting audience online for advertisements, analysing the shopping pattern and identifying potential risks for the Business.

Why Are Companies Shifting Towards DevOps?

DevOps is an up and coming concept quite relevant in the world of technologies. Many companies are shifting their operations to DevOps, through which they are saving a lot of time and money. DevOps is a set of modern-day technological practices in which the functions of IT and software development are combined to create a more robust application. The main aim of using DevOps is to reduce the life cycle of system development operations. On top of that, it also provides a continuous and streamlined delivery of software that is world-class and very efficient.

These essential DevOps services make this application so popular, and hence most of the companies are installing one of them to make regular jobs easy and efficient. When the two vital operations are integrated, errors are significantly reduced, hence the delivery of error-free and high-quality software.

The DevOps company is quickly moving into automation to create reliable applications and integrate tedious tasks that need to be error-free. A company’s overall output margin increases exponentially when DevOps is installed within the company operations.

Benefits of DevOps

Apart from the points mentioned above, DevOps comes with various other benefits. All these benefits have accelerated why more and more companies are shifting to use DevOps.

Speed

DevOps has opened a new and revolutionary method of increasing the speed of even the everyday operations within an organization. It reduces the backend time significantly and hence increases the software development process. Product testing is not only a vital task but is also very time-consuming. Since DevOps uses automation, product testing is done within hours and the necessary modifications. Alongside the system, human intervention also reduces backend time and errors.

Reliable Services

Any software is first judged based on its quality. When DevOps is assigned the task to develop a particular software, quality and reliability are the two guaranteed terms in addition. DevOps thoroughly uses SDLC to make software testing a crucial task and double-check its reliability.

Secured System

Security of the system is a vital issue related to any IT operations. DevOps supports a high line of integrity and data security when developing a particular software. DevOps eliminates the problem of compromising data explicitly. DevSecOps is a dedicated element added to any software developed by DevOps that increases its overall security terms. All the controlling operations are responsible for data security under the component of DevSecOps.

Wrapping Up

The vital benefits DevOps offers are more than luring for companies to get a hand on it. With every passing day, more and more companies are considering shifting to DevOps for various reasons discussed above.

9 Ways Startups Could Leave You Needing a Lawyer

Starting with your dream business is both a good and a challenging task to take up. It is pretty natural to be excited when you make your startup and put your plans and ideas to give the startup the initial boost. In the light of being excited, people often overlook the small yet critical points. When you ignore the essential aspects of starting your business, you can land up in a huge problem. Apart from financial troubles, you can also face legal issues. Thus, to skip these legal issues, the first step towards landing a successful startup is to hire a lawyer initially. A qualified business will guide you through the various legal points you need to follow to establish your business.

Having a lawyer during the initial days of establishment is extremely important. They fight the legal side and provide in-depth and essential information regarding setting up a business and market conditions. Here are nine fundamental reasons you need a lawyer while establishing your startup.

Initial Deciding Stage

There are many decisions that a startup owner has to take before starting with their business. Starting from questions like name and its availability, marketing approach and its basic timeline, problem detection and solving, location, and others, there are a lot of issues that need sorting. These are critical decisions and need intense care since they can affect you in the long run. All these would be easier with a lawyer’s advice.

Initial Protocols and Regulations

Before setting up a business, there are a lot of legal rules and regulations that need to be followed. To establish an entity with your business, going through these legal processes are extremely important in the long run. Processes like business registration, trade license acquiring, name registration, and others are standard legal processes that need to be initiated. All these are basic steps you need to take before finally starting, and a lawyer can help you with these.

Banking Issues

If you want to establish your startup, financing is a huge factor. You would need to open multiple bank accounts, apply for credit cards and LOC or Line of Credit, and much more. A quick piece of advice given by business tycoons is to separate the finances of your personal use and your business use. This way, none of them collide, and you can also keep smooth track of the finance. A lawyer would help you guide through these banking and financing issues and advise you according to your needs.

Tax Issues

Taxation is yet another essential issue while setting up and establishing a startup. Under all conditions, your business comes directly under tax schemes. In this scenario, a business lawyer would be beneficial to guide you through the state, union, and federal tax schemes. The lawyer would also explain how each segment works and how to pay it. It is vital to get the tax questions cleared initially to prevent significant concerns later.

Insurance Issues

Owning a startup is both an asset and a liability single-handedly. You are solely responsible for what you provide, and if anything goes wrong, you, as an owner, would be answerable. Hence it is a good rule of thumb to ensure what you have initially. Understanding the terms and selecting the right coverage plan can be challenging. In this scenario, you should opt for an able lawyer who can guide you through the world of business insurance.

Debt Management Issues

In a business, debt is real, and it is a growing concern for many startup owners and small business people. One of those factors needs to be thought about even before setting up a business. Driving it away is not easy, and having questions and confusion regarding debt can multiply it in the long run. Hence the necessity of a lawyer comes into play. The lawyer is experienced enough to handle these issues.

Employee Regulations

To run a business, you would need a whole group of employees to smoothly process work across various departments. To facilitate the group of employees, you would need some structured policies. Penning down those policies can be pretty challenging if you are new. A lawyer can be beneficial in this case. Not only are they experienced, but they are also accustomed to the legal proceedings of setting up employee policies.

Contract Issues

You would need funding from clients or sign various contracts on various issues as a business. A common problem with regular agreements is that they contain too many legal terms and conditions that are difficult to deal with. You would need an experienced lawyer who can review the requirements and advise accordingly so that you do not take the wrong step and put your startup’s position in jeopardy.

Dispute Settlement

In a startup or a business, encountering disputes is quite natural. On the flip side, getting out of those disputes can be painful if you do not have prior knowledge. Having a lawyer in this situation can be pretty helpful as they bring the much-needed experience onboard and settle the disputes by taking necessary steps. Moreover, the very presence of a lawyer can prevent many disputes.

Wrapping Up

As you see through the points mentioned above, having a lawyer is quite helpful and creates a sense of safety while starting a business. Ideally, every startup should hire one lawyer to guide you through various legal processes and disputes.

A BEGINNER’S GUIDE TO THE BASICS OF WEB HOSTING

THE DO’S AND DON’TS OF WEB HOSTING

Web Hosting is completely not a geeky part to be precise. You definitely can learn web hosting in days! Period.

It is as simple as creating an account on social media. Getting started on the right foot is very important. And that can be done by choosing a suitable hosting plan

Whether you are a business owner or a blogger, you will need to make your presence felt to the larger part of the internet audience. According to Netcraft’s September 2020 Web Server Survey, currently, there are about a billion sites available on the internet. If you are in the race to join in for the long run, then you need to have a plan of action ready!

When you have your website in your hand, your next step should be to make it available on the world wide web.

As a beginner, you might come across a lot of questions. This article will help you guide your way through them and by the end of it, web hosting will be a cakewalk!

I have compiled here are a few terms and questions that you might come across when you embark on this journey of hosting your site.

Some Common Web Hosting Terms

It is very important to know the lingo before you start working on your website. If you are new to web hosting, then it is important for you to go through these terms:

Web Server:

A web server is server software, or hardware designed to run this software, that can fulfill the client requests on the World Wide Web.

In simpler terms, it stores the web content and makes it available to the user who searches for it.

The web hosting service providers give the facility of servers on which you can host your website.

DNS

Domain Name System (DNS) translates the alphabetic name of the website into a numeric IP address that the server is able to respond to. It is a site naming system in the world of computers.

So, when someone types the domain name, it will be connected to the DNS server via the IP address and it will point it to the web hosting server.

CMS

A Content Management System (CMS) can help you create the website making it easy to manage, that too without using coding!

It is a user-friendly application that you will need to install on a hosting server, and it will make website management very simple. WordPressis the commonly used CMS that is very popular among users.

P.S: According to WordPress blog, 38% of the web is built on WordPress

FAQs on Web Hosting:

What does web hosting mean?

When you run an application, you need resources for it to run like a storage space and access. Similarly, putting up your website files on a server is known as web hosting. The server’s role is to make it accessible to people using the internet. The web servers receive the requests that come in from the users and then redirect them to the website that they are looking for.

Popularly known websites like Netflix and Paypal also use third-party service providers for their site hosting. Only tech giants like Google, Amazon, and Microsoft host their services on their platform.

This is because of the abundance of financial and technical resources. When you want to make your site accessible to the people, you will be charged according to the type of service you choose for your website hosting.

How to get started?

The two basic things that you need to get started are:

(i) Domain name

(ii) Web hosting service provider

The domain name must be unique and available to be assigned to your site. It will be the identity by which the users will be able to find you on the internet.

You will need to purchase a domain name from the domain name registrars to get a licensed name for your site.

Choose a site friendly hosting plan from a service provider like Bluehost, Hostgator, etc.

What are the types of hosting?

Web hosting is of various kinds, but the major ones that you need to know are Shared and Dedicated hosting.

Shared hosting is suitable for small businesses and bloggers as it is easy on the pocket and thus a convenient way to start. This hosting is cheaper as it allows multiple sites to share the same server. The downside of shared hosting is that it might make your site loading speed slow on busy days.

In the case of dedicated hosting, the complete server is dedicated to the website. Managing this might require technical skills as these sites are generally the ones receiving a lot of traffic.

How much will it cost?

The cost of hosting a site depends on a lot of factors. To begin with, you should go for a shared hosting plan and then expand your budget once your sites start generating revenue.

Initially, the website may demand a lot of funding by installing extensions, templates, etc, therefore you should plan your hosting budget accordingly. You can browse several hosting plans and choose the one that suits you the best. Generally, the cost comes between $2- $5 per month when you talk about shared hosting and $80 per month for dedicated hosting.

Time to get started!

Having the basic idea before hosting the website will give you clarity about the plan that will be more suitable for you. Hosting services are designed in such a way that it is beneficial for the site owners in all ways possible. So, start with the best hosting service for your site and start making your digital footprint on the internet.