Forget Bitcoin. It is time for Ripple now!

Forget Bitcoin. It is time for Ripple now!

It seems that everyone knows about Bitcoin today. So popular, in fact, that some are mortgaging their homes to buy the cryptocurrency. But wait, let me tell you something! As you are reading this, there are one cryptocurrency which climbed more than 50% on 29 Dec 2017 and has overtaken Ethereum and becoming the world’s second-largest cryptocurrency by market capitalization (market cap). The cryptocurrency is called “Ripple.” What is Ripple?  Ripple currency, technically called “XRP tokens,” is all created and backed by a company Ripple Labs, a global money transaction business.  Ripple is…

Completing a successful transaction: Part 3 International Trade

Completing a successful transaction: Part 3 International Trade

Before you read this article, it is recommended to visit my previous articles so as to understand the logical flow of conducting international trade. (Please click Here to view my previous articles) For this article, I will touch on the payment and transportation aspects of international trade.  In order to complete an export or import transactions, these steps are needed: 1.) Financing 2.) Avoiding risks 3.) Physical distribution 4.) Documentation Financing For the importer, financing offers the ability to pay for the overseas manufacture and shipment of foreign goods destined for…

Negotiating And Planning To Win: Part 2 International Trade

Negotiating And Planning To Win: Part 2 International Trade

Before you read this article, do read my previous articles so as to understand the logical flow in conducting international trade. For this article, I will touch on the planning and negotiating aspects of international trade.  Let’s say that you have a marketable and profitable product or service that will sell in sufficient volume, and you are now ready to commit your resources to the project. But before you do, ensure you do your due diligence to complete the following steps: 1.) Develop a market plan 2.) Prepare for negotiations 3.) Understand the…

Launching A Profitable Transaction: Part 1 International Trade

Launching A Profitable Transaction: Part 1 International Trade

In this article, we will discuss about the profit aspects of international trade, beginning with initial quotations, terms of sales, the market channel, and pricing.  Initial Quotations Initial quotes begin either with a Request For Quotation (RFQ) sent by the importer to the exporter or with an unsolicited offer from the exporter. A simple letter or e-mail can be a request for a quotation.  The pro forma invoice, a normal invoice document visibly marked “pro forma” is the method most often used to initiate negotiations. This provisional invoice is forwarded by…

Before you pitch, it pays to think like a VC

Before you pitch, it pays to think like a VC

Before pitching your startup to raise funds, it pays to think like a VC. I have been involved in many great discussions with venture capitalists (VCs) in Singapore and Malaysia, here I have boiled it down to four main questions for you to consider. What problem are you solving? One of my friends had invented the perfect pen. No, I am not kidding. He had analyzed all the different styles of pens, found that each had its own flaws, and come up with a clever design. Unfortunately, I was pretty…

5 things every CEO must do now!

5 things every CEO must do now!

– Many CEOs struggle because they do not have a clear picture of what they should do in the job, the key responsibilities they should prioritise. It is dangerously easy to fall into a tactical routine, tackling each problem as it comes your way. But being reactive rather than proactive is not the path to building a great company. Instead, a successful CEO spends the majority of the time proactively fulfilling 5 key responsibilities. Let’s read further to see what are these are. Own the vision The CEO must be…