Your Questions About Successful Trading Business

Donna asks…

I want to create a successful website and turn it into a company, could I just pay someone to do it for me?

I am nearly 18 years old and I only have a few thousand pounds on me. I have just finished a college course in IT which has made me more aquainted with computers. I am doing a business and finance course this year. However. I have a few good ideas for websites that could be successful businesses, but lack the technical know-how to make them myself. I am practicing trading forex (foreign exchange), to make money. Am I better to invest into forex and make as much money as neccessary to get my web projects done by a professional who actually knows what their doing as I learn business studies at college? Please advise. Thanks.

John answers:

As you may know a domain name is just a name, not a real website. If you are going to create your website: 1- Buy a domain name. A domain name is a name you want to call your website (ex: www.yahoo.com). To get a domain name, you have to pay an annual fee to a registrar for the right to use that name. 2- Buy a web hosting service to provide your online space and enable you to get your website online at your purchased domain name.

To get further information take a look at:

http://www.threehosts.com/build

You need a web hosting service which supports online payments like, Master Card, Visa & PayPal. It is very important that your service be uptime. It means that you can access your account whenever you want to update your web pages, and your visitors can view your website whenever they type your website address. If your hosting service is not uptime it is real hell!

If you want to start your website I recommend purchase your domain and hosting together. In this way it is possible to get your domain for free. Some hosting services offer this gift today.

If you want to run a successful e-commerce you must choose a reliable web hosting service. The security of your business directly depends on the security of your hosting service. (Hacker safe)

Take a look at:

http://www.threehosts.com/business

There you can reach the three reputable companies that are leaders in the E-commerce web hosting industry. They fulfill all your requirements to sell online. By using each of them, everything you need for your business website is provided in one eCommerce Hosting Package.

If you want to have a professional presence on the web, refer to:
http://www.martstreet.com

Good Luck!

Daniel asks…

Why is everything about money/business, and it’s very cut/throat?

I don’t like living in American society anymore and I’m also sick of the “don’t like it leave” comments because it’s not that easy,but seriously, this country in the last…I don’t know, two decades or such has just turned into a fast-paced, cut-throat land, where everything is getting corporate, and it’s all about money/business. Everything. Interpersonal relationships, friendships, the way we treat people too, it’s all changing and getting robotic/cold and unfriendly. People are now serving just to be business associates, for networking, ..it’s so cold and disguisting. Profits, trading/stock…I mean how do you get an innocent kid, and kids playing with toys and looking forward to futures, weddings, etc,..and turn them into cold, calculating, conniving, scheming and cut throat business people? When does that change occur? Are we conditioned to be that way?

why wasn’t I conditioned? LOL. I’m not like that> I Can be I guess, but I guess I’m just not as greedy I don’t know. I never felt like …I really liked or belonged in this world.

When I drive around out there or do my errands, all the time everyday, you get other cars beeping, other people rushing, it’s like a madhouse where everyone’s trying to make that buck, and make themselves successful, business, people size you up , what car you drive, what you look like, who you know…how much you have in your bank account,…

and it’s VERY VERY cut throat in certain places, especially large cities in america. I live in the NJ/NYC area so I see it all the time.

People treat you nice if you drive nice cars, look like A list celebs, and have alot going for you, but only because they want to associate with you hoping your success rubs off on them, but if you’re an ‘average” person, you’re basically another loser, another fan, another nobody, everyone wants to be a somebody.

Now I personally don’t like this. I mean it CAN be cool because it’s an opportunity, in America to do whatever you want, be whatever you want, but it’s ultimately soulless, and immoral. Our country is turning into a BAD place to raise children. It really has gone to hell in a handbasket and has turned into a corporate interest first cesspool of pollution, businesses, and profits…godless, emotionless, humanity-lacking…..

I mean it’s not that bad YET, but..it’s really getting there.

Who’s responsible for this anyways? Whoever thought this would be a great idea, is an id90t, or seriously undermined the human “spirit,”…they basically had none. way to go, whoever you are…

John answers:

Actually Amber it is “that hard”. I moved to England last year and got sent back the same day. I have no criminal record, not even so much as a speeding ticket. I’m a 28 year old female. I had a good job, but I gave it up to move over there to be with my British boyfriend. Now we’re going through pure hell just to be able to be with each other…so yeah…it is that hard.

Unfortunately, America has always been a cut-throat society. Darwinism at it’s best. We’ll never be an Utopian Society. It’s just something we have to live with and hope that with time we can change. But the fact is, we won’t. We just individually fight within ourselves to try to figure out ways to change the world. We’re inevitably doomed. The poor get poorer, the rich get richer. The unkind, heartless blunder that we call the American Citizen can pretend to care about our neighbor, but we always look out for ourselves first. I’m sorry the world isn’t a great place. The important thing is to make your world a good place. Forget the people around you that hurt you. Follow your own rules. I’m not saying be an Anarchist. Just lead by example…or try to.<33

I don't really know much about the NJ/NYC areas, I am from Alabama. Believe it or not, most of the people here are very kind. And I think it's because we aren't apart of 'rich' society. Things here are meager. There aren't very many big businesses here. It's a large portion of the farming industry. We're not backwards like alot of people like to believe. Maybe you should try living in a different city. And when I say the South is nice, I don't mean Florida. That's a party state. No offense to you Floridians, but you know it's true. 🙂

El Rey,

I don't believe that. I don't think that Americans are better than any other living soul on the planet. I think the ones that do think that way are misguided and uneducated. I play XBL alot and I noticed that West Coast guys are alot like that. So full of themselves. They are young and idiotic. It's really sad that their parents have raised such ill-mannered kids. Don't think we're all like that El Rey. It's not fair to judge the country as a whole based on a few morons.

Ken asks…

please help! help! business question!?

1.41
(2 pts.)88. The government of Ruritania has implemented many programs that promote equality, but has become concerned about the very slow rate of growth that has plagued the national economy for many years. In order to address this problem, the government is likely to:

A. make sure to balance its budget.
B. avoid the use of fiscal policies and reduce the supply of money in circulation.
C. reduce taxes and cut back on some social programs.
D. take control of more major industries.
# 1.42
(2 pts.)162. When WorldCom used intentional accounting irregularities to make the company look more profitable than it actually was, it:

A. was engaging in illegal behavior.
B. was acting in an acceptable business manner.
C. was executing its responsibility to its owners.
D. provided its stockholders profit through a tax-loophole.
# 1.43
(2 pts.)101. A major benefit of socialism is assumed to be its:

A. ability to stimulate rapid economic growth.
B. emphasis on social equality.
C. emphasis on low tax rates.
D. ability to create strong incentives to work hard.
# 1.44
(2 pts.)60. Which of the following statements about US government deficit spending is most accurate?

A. The federal government violates the law by running deficits because the U.S. Constitution requires the government to balance its budget each year.
B. One reason the government has a hard time reducing deficits is that there is a great deal of pressure on the government to expand its spending each year.
C. The government has used deficit spending to lower the national debt.
D. Although the government used to run big deficits, it has consistently run surpluses since the late 1980s.
# 1.45
(2 pts.)232. Businesses can best meet their responsibility to society by:

A. shifting the blame for product liability cases onto the legal system.
B. creating wealth for their stockholders.
C. creating markets for domestic products.
D. supporting their preferred government officials.
# 1.46
(2 pts.)230.Patrick has a business in a building which he owns. Patrick is able to maintain ownership of these items under the right to:

A. private property.
B. freedom of competition.
C. eminent domain.
D. freedom of choice.
# 1.47
(2 pts.)246. Traders in the 18th century were encouraged to focus on selling their nation’s goods in the global market to create a favorable balance of trade. Nations attempted to sell more goods to other nations than they bought from other nations. This approach to global trading is called:

A. protectionism.
B. ethnocentrism.
C. mercantilism.
D. isolationism.
# 1.48
(2 pts.)220. Jorge Martinez is a hard working entrepreneur who operated a successful business in his home country of Margintina for many years. Recently, however, he immigrated to the United States and applied for U.S. citizenship. “In Margintina, tax rates were very high,” Jorge complained. “The government used the taxes I paid to finance all sorts of social programs to help the less fortunate. While this is a noble goal, it has really undermined the profit incentive of individuals such as me. I really feel that these high taxes have stifled economic growth.” Jorge’s comments illustrate the reason many socialist countries are experiencing a(n):

A. brain drain.
B. budget surplus.
C. antitrust problem.
D. depression.
# 1.49
(2 pts.)179. Which of the following is a characteristic of an effective ethics officer?

A. (S)he communicates primarily via email.
B. (S)he has a background in human resource management.
C. (S)he is exceptionally organized.
D. (S)he has a capacity to serve as a counselor and an investigator.
# 1.50
(2 pts.)61. __________ is characterized by a large number of firms selling products that appear to be identical.

A. Perfect competition
B. Microeconomic competition
C. Monopolistic competition
D. Oligopoly

John answers:

Mmm its much to read dude.

Joseph asks…

I’m considering expanding my business into Europe from UK, which Government agencies and other info good 4 me

As my Business is successful, I’m considering expanding my business into Europe. please advise me on which government agencies and/or other sources of information are available for a small firm whishing to trade in Europe? Also, how would you advise me to minimise the uncertainty of trading in euros if exchange rates fluctuate between the time of agreeing contracts and the time of payment?

John answers:

EU website should provide you with a lot of information on regulations, markets, or other business sources.
Depending on where specifically you would like to concentrate in Europe, the OECD or the World bank websites may also be helpful.

To minimize your currency risk, ask your bank about arranging a currency forward contract or purchasing currency option. Ensure you have the most cost efficient method to hedge against your position. If you have a very large business, ask around for a currency swap.

Maria asks…

Do I start my own business?

I have been in the financial industry for over 12 years. I have been pretty successful. I have an oppurtunity to start my own trading company with the help of a relative who will back me with the capital. He is pretty well off and has no children. Is it the right time in this economy? Or is it a great time?

John answers:

Draw up a solid business plan.

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