Ponzi Scheme Khan Academy

A ponzi scheme is thought about a deceptive investment program. It involves using payments gathered from brand-new investors to pay off the earlier financiers. The organizers of Ponzi schemes typically promise to invest the cash they collect to produce supernormal earnings with little to no danger. Nevertheless https://cle.cobar.org/About/Faculty-Authors/Info/CUSTOMERCD/295003, in the real sense, the fraudsters don't really prepare to invest the cash.

When the new entrants invest https://twitter.com/TysdalTyler/likes, the cash is gathered and utilized to pay the initial investors as "returns."Nevertheless, a Ponzi scheme is not the like a pyramid scheme. With a Ponzi scheme, investors are made to believe that they are earning returns from their investments. In contrast, participants in a pyramid scheme know that the only method they can make earnings is by hiring more people to the scheme.

Warning of Ponzi Plans, A lot of Ponzi plans included some typical attributes such as:1. Guarantee of high returns with minimal threat, In the real life, every investment one makes brings with it some degree of threat. In fact, investments that provide high returns normally bring more threat. So, if someone offers an investment with high returns and couple of dangers, it is likely to be a too-good-to-be-true offer. https://twitter.com/TysdalTyler/with_replies

Ponzi Scheme Dogecoin

2. Excessively consistent returns, Investments experience fluctuations all the time. For example, if one purchases the shares of a given company, there are times when the share price will increase, and other times it will reduce. That stated, financiers need to constantly be hesitant of investments that produce high returns regularly no matter the fluctuating market conditions.

Unregistered financial investments, Prior to rushing to purchase a scheme, it is necessary to validate whether the investment firm is registered with U.S. Securities and Exchange Commission (SEC)Securities and Exchange Commission (SEC) or state regulators. If it's signed up, then a financier can access details regarding the company to figure out whether it's legitimate.

Unlicensed sellers, According to federal and state law, one should possess a particular license or be signed up with a controling body. A lot of Ponzi plans deal with unlicensed individuals and business. 5. Deceptive, sophisticated methods, One need to prevent investments that include procedures that are too complicated to understand. History of the Ponzi Scheme, The scheme got its name from one Charles Ponzi, a fraudster who duped countless investors in 1919.

Why Are Ponzi Pyramid Schemes Illegal

In the past, the postal service provided global reply vouchers, which made it possible for a sender to pre-purchase postage and incorporate it in their correspondence. The recipient would then exchange the discount coupon for a concern airmail postage stamp at their house post office. Due to the variations in postage prices, it wasn't uncommon to discover that stamps were more expensive in one country than another.

He exchanged the coupons for stamps, which were more pricey than what the discount coupon was originally bought for. The stamps were then cost a higher rate to earn a profit. This kind of trade is referred to as arbitrage, and it's not unlawful. However, at some point, Ponzi became greedy.

Given his success in the postage stamp scheme, no one questioned his intents. Regrettably, Ponzi never ever really invested the money, he just raked it back into the scheme by settling some of the financiers. The scheme went on until 1920 when the Securities Exchange Company was examined. How to Secure Yourself from Ponzi Plans, In the very same method that a financier looks into a company whose stock he's about to buy, a person should investigate anyone who assists him manage his financial resources.

Ponzi Scheme Atlanta

Can I Sue if I Was Caught in a Ponzi Scheme? - Market Business News

Also, prior to buying any scheme, one ought to request the company's financial records to confirm whether they are legit. Secret Takeaways, A Ponzi scheme is just an illegal investment. Called after Charles Ponzi, who was a fraudster in the 1920s, the scheme promises consistent and high returns, yet allegedly with very little risk.

This type of scams is named after its developer, Charles Ponzi of Boston, Massachusetts. In the early 1900s, Ponzi introduced a scheme that guaranteed financiers a 50 percent return on their investment in postal coupons. Although he was able to pay his initial backers, the scheme dissolved when he was not able to pay later investors.

July 2014 Ponzi Scheme Roundup - Bankruptcy Law Blog - Bankruptcy - LexisNexis® Legal Newsroom

What Is a Ponzi Scheme? A Ponzi scheme is a deceptive investing scam appealing high rates of return with little threat to investors. A Ponzi scheme is a deceitful investing scam which produces returns for earlier investors with money taken from later financiers. This is similar to a pyramid scheme because both are based on using new investors' funds to pay the earlier backers.

Ponzi Scheme For One

When this circulation goes out, the scheme falls apart. Origins of the Ponzi Scheme The term "Ponzi Scheme" was coined after a trickster named Charles Ponzi in 1920. Nevertheless, the very first recorded instances of this sort of investment fraud can be traced back to the mid-to-late 1800s, and were managed by Adele Spitzeder in Germany and Sarah Howe in the United States.

Charles Ponzi's original scheme in 1919 was concentrated on the US Postal Service. The postal service, at that time, had developed international reply discount coupons that enabled a sender to pre-purchase postage and include it in their correspondence. The receiver would take the coupon to a regional post office and exchange it for the top priority airmail postage stamps needed to send out a reply.

The scheme lasted until August of 1920 when The Boston Post started investigating the Securities Exchange Business. As a result of the paper's investigation, Ponzi was jailed by federal authorities on August 12, 1920, and charged with several counts of mail fraud. Ponzi Scheme Red Flags The concept of the Ponzi scheme did not end in 1920.

Why Are Ponzi Pyramid Schemes Illegal

Tyler Reports on Online

Kind of financial scams 1920 picture of Charles Ponzi, the namesake of the scheme, while still working as an entrepreneur in his workplace in Boston A Ponzi scheme (, Italian:) is a kind of scams that draws investors and pays profits to earlier financiers with funds from more current investors.

3 Reasons Why You Should Use A Colorado Business Broker To Sell

This podcast will talk about a little problem we face within our organization which is a valuation calculator. People are looking at real estate and tools such as Zillow, or they look at Kelly blue book on automobiles and ask"Why don't we have a business valuation calculator?

You've been doing this for so long but the truth is we'd like to. But it's not easy. There are some excellent baselines, for example revenue and earnings and we can talk about guidelines and what they look like. What makes it difficult to achieve is that it is possible to take two companies that have the same revenue and earnings, but with hugely different amounts. In reality, two, three X the other, and they're not even as close. And that's because of the intangibles.

There's so many things to an enterprise - intellectual propertyand defensibility software that really make it an extremely complex issue than just, Hey, what are your earnings and are you worth five times this hypothetically. Now we're working with it. It's probably a little early to talk about it, but we're working with an incredible company to resolve this issue, and will have a solution soon. However, in the meantime If you have any concerns about how do you maximize the worth of your business, or even what your business is worth, why not give us a call at Freedom Factory. We're looking forward speaking with you in the near future.

How do I prepare my business to sell

Many entrepreneurs aren't sure of how to prepare their business to sell. You've decided that you'd like to sell your business. What do you do now? Well, the first thing you'll need to take care of is to get your house organized to get your business for selling. Also, get two or three years of tax or tax-related records.

Also, financials and put them together. Get them from your accountant and have ready for. Second, if you haven't put together an operations manual, now is a great time to do so. You're familiar with how your company operates, and you understand the ways that different departments interact and when it comes time to are selling your company, we want for it to be as simple as possible to transition to a new owner.

This value is likely to be taken into consideration in the price of sale. Therefore, put your operation manual as well as new job descriptions together , and put your house in order. The third step is to discover, well, put your team together. Find a good broker and an appraiser. Get an idea of what your business is worth. Create a story, and then decide how we going to take the business to market?

When do we plan to launch it? You know, what's the current tax environment. You know, how can I alter my financials? What I refer to as simple. We're going to take you EBIDTA or your accountant's ability to do the same thing, and we're going to translate it into seller's discretionary cash flow, that is.

A fancy way to describe all the money that your, that your business creates during the process of filing tax returns. It's a game of minimization you think? Tax evasion is illegal. Tax avoidance is extremely smart. It's why you're trying to pay as little tax as you can. Well, we need to translate that, you know, from the non-cash costs you incur such as depreciation, some of your extra-ordinary expenses, and then put it into the equation to maximize the value.

Make sure you highlight the value your company creates which will bring about a significant change. Also, do you know which industry you likely to be in? How do we maximize your multiple? There are ways to be able to do that. Consider the kind of field you're working in. Figure out, you know the financials of your business.

Create an operation manual to make the transition as easy as is possible. All of this will be, is going to help you when you put the right team. Find the most qualified appraisers, locate the right brokers to help you prepare your business to sell and, if you require any assistance, give us a call here toll free at Freedom Factory.

What is the best moment to sell my business?

This is a crucial topic and when is the right time to market your company? This one is a bit more of an art than science. And ultimately it's kind of an assessment of the things you've learned. We're outside. This is my backyard. mountain house and is kind of my home.

The first thing I'm going to suggest is to get some fresh air. Take a break from the workplace. Escape the daily grind whether with your family or away. Find a location where you could go, no matter if you like to fish or ski , or go to the mountains , or go to the beach , and whatever else simply go there and switch your place of residence and get somewhere you feel really comfortable.

And then think on your own business. And I look at it and consider it in three ways. The first is, am I here and am I in the right place? Are I actually in my business? Am I serving my business or is my business serving me? In my opinion, it's too short to live in a place where you serve your business. Your business is your personal vehicle to more freedom and more wealth.

And the way I define freedom is fairly simple - it's doing what you want, when you desire, and as often as you want, with whom you want. And if you love what you're doing and you feel like, God, this is amazing, and I am in the right place and am in the right place and doing exactly what I'm supposed, which is the way I view selling businesses for other entrepreneurs This is awesome.

It's not the time to sell your business. If you're not sure about that, I would consider a bit more and then I'd look at the situation and ask: do I have the right idea? Do I have a clear vision of where I am going?

I'm planning to expand my business over the next two, three, or maybe or even in five years? What do I need to accomplish to overcome the issue and feel good, and feel like I've accomplished what I've accomplished? Now, if your business is growing at 40% per one year or even 50% per year, you probably have an enlightened view. You're probably doing really well and are probably that you're in the flow. On the other hand If you've been growing at 5% for the past five years, then that's a little bit more difficult, and perhaps somebody else can do it better than you.

If my company is growing at five percent, I'm planning to sell. I'm saying, okay, I'm looking for an operator. I'm more of a strategist. How do we concentrate on really creating something that's extraordinary, that is focused and purposeful, but your growth rate will be a big indicator of the fact that.

The last thing to remember is, you've done what you set out to do if you went into your company, when I began my business brokerage business, i knew I wanted to change the way that entrepreneurs buy and sell businesses. I've created three of the biggest brokerages. I hired, the third one, I've purchased them to gain the right people, and I've transformed it into a better market. That's exactly what I set out to do when I came here.

If you were to leave your current job and thought about this for a while do you feel satisfied or do you feel that you didn't finish the job you set out to accomplish. So I looked back at it and I say I'm okay I'm satisfied with how my business is serving me. Do I feel clear and focused every day?

Do I have anything I need to complete and do have fresh ideas for implementing that vision? These are the questions that will guide you through it. It's a bit of an unreliable science, but all in all, it's a gut check. Do you agree? Do you think it's time to sell your business?

Since, if I ever think about selling my business the item, it's usually six months too to be. So if you have any other questions regarding this, or anything else that you need help with, it's our privilege to help here at Freedom Factory. We're waiting for you to give us a ring.


Click here https://freedomfactory.com/sell-my-business/ will give you a free business valuation to find out the worth of your business. Denver business broker Ty Tysdal will help you to prepare your business for sale.


Call Freedom Factory for a free business valuation

Freedom Factory
5500 Greenwood Plaza Blvd #230
Greenwood Village, CO 80111
Phone: (844-629-8258)
https://g.page/freedom-factory-denver


Email or Call Tyler T. Tysdal Top [Colorado business brokers
https://www.linkedin.com/in/tyler-tysdal
https://www.crunchbase.com/person/tyler-tysdal
https://cle.cobar.org/About/Faculty-Authors/Info/CUSTOMERCD/295003


https://open.spotify.com/show/6QezGjjD1aghJGmChs0586

Ty Tysdal Business Broker
https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/16353898256360543006537793640231801860726407518367814978112103911890060574721/


https://tylertysdal.blogspot.com/2021/10/how-to-valuate-and-sell-your-business.html

Watch Video

3 Facts You Must Know Before Engaging A Colorado Business Broker

Let's discuss a small issue we're facing within our organization which is a valuation calculator. People look at real estate and tools like Zillow or take a look at Kelly blue book on cars and think, why don't you have a calculator for business valuations?

We've seen you doing it for so long and, in reality, we'd love to. The problem is that it's difficult. So there are some really good baselines, like revenue and earnings and we can discuss guidelines and what that looks like. What makes it so difficult is you can have two businesses, same revenue, same earnings, worth significantly different multiples. It's like two, three times the other, and they're barely even close. And that's because of the intangibles.

There's a myriad of aspects to the business of a company such as intellectual propertyand defensibility software, and so on that create an even more complicated discussion rather than simply, Hey, what's your income and you're worth five times that hypothetically. We're now working on this issue. It's probably too late to discuss the issue, but we're currently working with an incredible company to address this issue and will have a solution soon. In the meantime If you have any concerns about how do you maximize the worth of your business, or even what your business is worth, why not contact us by calling Freedom Factory. We're looking forward speaking with you shortly.

How do I prepare my business to be able to sell?

Entrepreneurs often aren't sure how to prepare their businesses to sell. So you have decided you'd like to sell your business. What next? First, what you'll need to take care of is to put your house ready for your company to sell. Therefore, you should obtain two or three years worth of tax of tax documents.

Financials and then put them together. Find them from your accountant and get them ready to go. Second, if you haven't created an operating manual, this would be a great moment to start. You're aware of how your business works, you know how different departments work however, when you decide to decide to sell the business we would like for it to be as easy as possible for the transition to the new owner.

This value is likely be included in the sales price. So , get your operations manual and job descriptions together , and put your house in order. The final piece is discover, well, how to put your team together. Find a great appraiser and broker. Find out what your business is worth. Start to craft the story and then figure out, okay, how are we going to take the business to market?

When are we going to introduce it to the market? It's all about the tax situation currently. What do I change my financials? And what I say by that is simple. They're going to, we're going to look at you EBIDTA or your accountant's ability to do the same thing and then translate it into the seller's discretionary cash flow, that is.

A fancy way of describing all the money, that your business creates during the process of filing tax returns. It's all about minimization isn't it? Tax evasion is illegal. Tax avoidance is extremely smart. You're looking to spend as little tax as possible. We have to translate that you know, from certain of your other expenses such as depreciation the discretionary expenses and then add it into the equation to maximize the value.

Flag all the value that your business creates to have a major impact. Finally, you should know what field are you going to be in? How do we maximize your multiple? And there are ways to accomplish that. Consider the kind of industry you're in. Determine, you're aware the financials of your business.

Create an operation manual to help make the transition as simple as is possible. And all of this will be, will be easier by putting together the best team. Find the most qualified appraisers, locate the right brokers to help you prepare your company for selling If you require any help with this, give us a call here by calling Freedom Factory.

When is the right time to sell my business

This is an extremely important topic and when is the best time to sell your business? This is a little more art than it does science. In the end, it's a gut check of your knowledge. We're outside. This is the backyard of my mountain house and is kind of my happy place.

The first thing I'll suggest is to get a change of scenery. Leave the office. Escape the daily grind, either with your family or away. Find a place that you can visit, regardless of whether you want to fish or ski or go to the mountains , or go to the beach and whatever it is, just go somewhere and change your location, and go to a place that you are comfortable.

Think of your company. And I look at it and I analyze it using three areas. The first is, am I here and do I have a clear understanding? Am I really into my business? Do I serve my business or does my business serve me? In my opinion, life is too short to live in a place where you work for your company. Your company is your personal road to greater freedom and wealth.

The way I think of freedom is quite simple - it's doing what you want, at the time you want, as often as you'd like, with whom you want. And if you're enjoying what you're doing and you consider, God, this is amazing, and I am here and I am focused and I'm doing what I'm supposed, which is the way I think about selling my businesses to other entrepreneurs and entrepreneurs, then that's great.

The time is not right to sell your business. If you're unsure about that, I'd take a second look, and I would take a deep breath and ask, do I have the right perspective? Are I able to see clearly? view on where

I'm going to take my business on in the next three, perhaps up to five? What do I need to do to get over the issue and feel good and feel that I've achieved what I've done? If your company is growing by 40% per year or 50% a year, you're probably having an enlightened view. It's likely that you're doing a great job and are probably at ease. On the other hand, if you've been growing at 5% for the past five years, then it's more challenging and someone else is able to do it better than you.

If my company is growing at 5%, I'm looking to sell. I'm thinking, okay, I'm in need of an operator. It's more of a strategist. How do we concentrate on making something amazing, where you're focused and purposeful However, the rate of growth will be a big indicator of the fact that.

The last thing to remember is that you've accomplished what you came to accomplish if, when you started your business. When I first entered the business brokerage business, i was aware that I wanted to alter the way that entrepreneurs purchase and sell businesses. I've founded three of the biggest brokerages. I hired, one of them, or I've bought them to attract the staff, and have transformed it into a better market. This is what I set out to accomplish when I arrived here.

But if you left your current company and thought about this for a second do you feel satisfied or would you feel like you didn't complete the task you came there to do. So I looked back at it and I say, okay I'm satisfied with how my business is serving me. Am I clear and engaged each day?

Do I have anything left to accomplish and do I have fresh ideas to really implement that idea? These are the things which will help you figure it out. It's a little bit of an unreliable science, but all in all, it's a gut check. Do you agree? Do you think it's time to sell your business?

Since, if I ever think about selling my business the item, it's usually six months too in the past. If you have other questions on this or something else, it would be our privilege to help with your questions here at Freedom Factory. We're waiting for you to give us a ring.


Follow this link https://freedomfactory.com/ will give you a free business valuation to find out the worth of your business. Denver business broker Ty Tysdal will help you to prepare your business for sale.


Call Freedom Factory for a free business valuation

Freedom Factory
5500 Greenwood Plaza Blvd #230
Greenwood Village, CO 80111
Phone: (844-629-8258)
https://g.page/freedom-factory-denver


Email or Call Tyler Tivis Tysdal Best [Colorado business brokers
https://www.instagram.com/tyler_tysdal
https://vimeopro.com/freedomfactory/tyler-tysdal/video/465788884
https://tylertysdal.blogspot.com/p/blog.html


https://tylertysdal.blob.core.windows.net/tylertysdal/index.html

Ty Tysdal Business Broker
https://opensea.io/collection/tyler-tysdal


http://tylertysdalpodcasts.org/3-strategies-to-increase-the-value-of-your-company-today

Watch Video

How Long Will It Require To Sell My Local Business - Freedom Factory

A business broker typically charges between 5%-10% of the sticker price, but commonly as long as 15%.

A broker will usually perform a business appraisal, prepare a program, and afterwards take advantage of a big network to locate feasible customers.

It will certainly be advantageous to find a business broker that has in fact previously completed deals with various other companies in your very same field.

The analysis of your business is swiftly among among one of the most essential actions you'll require to take when getting ready for a sale, and also it's not something you need to try to handle by yourself.

When it's time to place your business on the market, they'll additionally help locate along with veterinarian feasible purchasers, making the treatment quicker along with much less labor-intensive for you.

The regular selling procedure requires to sell a business is 7 months.

Easier offers close in much shorter periods and additionally more intricate deals take longer, ranging from 3-12 months.

A business valuation should take a number of days as well as due to the fact that procedure you may choose a leave method to prep your business offered.
Vendors on a regular basis spend time and sources on possible buyers that are, ultimately, unable to shield funding.

As a byproduct of losing your time, this will definitely likewise restrict the quantity of communication a vendor has with legitimate purchasers.

Ultimately, when supplying your business, presume till the day you get your cash that your business will not be offered.

Your purpose is to get optimum value, and also you're taking a look at activities to prepare for the sale.

Brokers find business purchasers for you by preparing a syllabus for it, providing it on sectors, in addition to utilizing a huge expert network.

Nonetheless, most firms with much less than $5 million in annual earnings count on a business broker when supplying their business. Collaborate with a seasoned business broker who knows with your field in addition to your geographical area.

Freedom Factory acknowledges the best possible price range to sell your firm. Whether you stand for an acquisition-minded firm or are directly thinking of possessing your very own firm or brand-new franchise business.

It is incredibly crucial to keep in mind that different brokers give a numerous degree of service in selling a business. A Business Recap lessens lost time with consumers by higher than 90%, based upon our experience providing hundreds of solutions.

Establish an asking cost, being familiar with business brokers as well as vetting business customers. This will absolutely come with a cost nevertheless, which is normally a well-known fee ranging from $3,000-- $7,500 for services marketing around $2 million or a lot less.

Interested purchasers will certainly after that call business brokers for the advertising package. Potential business buyers will certainly examine tax returns, economic declarations and other useful details.

This is based upon solid truths, the trouble of the marketplace, anticipated growth, sales opportunity and also the sale of similar organizations within your sector. You need to ensure your business will definitely be marketed in the ideal professional manner in which will determine the greatest feasible purchaser and additionally cause you acknowledging the best viable list price for business. A Business Summary guarantees a smooth, specialist sales treatment, can enhance the worth of your business, along with could decrease post-sale suits.

Furthermore, a third-party assessment can assist a purchaser protect the price of a business when in negotiations with a prospective buyer. They clarified the bakery in adequate information and supplied sufficient images for possible buyers to see both the store in addition to the things they sell.

Freedom Factory's professionals utilize cutting-edge, time evaluated appraisal strategies to make sure that your price is proper for the existing market issue. Often absolutely cost-free is not the right selection for a business owner. Business owners that ask, "Exactly just how should I prepare to sell my business?" have actually generally put so much effort right into daily procedures that they never ever before invested much time considering an exit strategy.

Tyler Tysdal and Robert Hirsch, cofounders of Freedom Factory, discuss the length of time it can take to sell a business. Watch the video here https://vimeo.com/463027047

Freedom Factory is a business broker in Denver helping entrepreneurs around the world to sell their business for maximum value.

Contact Tyler Tysdal
Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258)
https://freedomfactory.com/about-tyler-tysdal/
https://g.page/freedom-factory-denver

Also, Follow Freedom Factory here

https://www.youtube.com/channel/UCXUrv3qYNsR8NjZEWRDch5Q/

Tyler T Tysdal https://vimeopro.com/freedomfactory/tyler-tysdal


https://tylertysdal.academia.edu/

Additional Websites and Social Media for Ty Tysdal

https://www.crunchbase.com/person/tyler-tysdal
https://sites.google.com/view/tylertysdal

Watch Video

Tyler Tysdal Explains Biggest Reasons for Selling a Business

Business broker Tyler Tysdal knows that the best time to sell a business is when it's in great financial shape. Regrettably, many people who sell a business fall short when it comes to planning on making an exit. Tyler Tysdal, a Denver business broker from Freedom Factory, knows that "timing is everything" when it comes to getting the best price.

Any business owner interested in selling their company should search for the ideal home window of possibility to make the transaction.

Reasons for Selling Can Effect Price

Tysdal explains that the reason to sell can make a difference in exactly how fast you want to sell, and for how long of a duration you will provide support to a new proprietor. So it's important for prospective buyers and business brokers to understand the sellers main reasons for selling their business.

Employing an experienced business broker to maximize the sale price of your company can provide you with choices. Timing, market pressures, and also personal motivations might all affect the decision to sell your business.

Common Reasons to Seek Out Best Business Brokers:

Even though business owners worked so hard for businesses to flourish, still there could be many other reasons for selling it. And finding the best financial broker is very crucial. Some of the most common reasons among them are:

• Starting a New Business

• Enjoy Retirement and Freedom

• Unpredictable reasons like death, divorce or health reasons.

• Liquidation from an inherited business.

• Partnership Disagreements

But many times it's the first reason, for innovative entrepreneurs that want to start a new business. It is the aim of the founders of a premier brokerage firm Freedom Factory, Tyler Tysdal and Robert Hirsch, to help business owners to sell their business for the MAXIMUM VALUE.

However entrepreneurs may also sell their business for monetary factors, such as when the firm is battling to raise or maintain profits. Entrepreneurs who are offering their firms as a result of financial recession may have a harder time finding possible purchasers.

While entrepreneur understand exactly how to run their daily operations of the business, they are not experienced in the process of selling a business. Additionally, they might not have the necessary preparations to completed to sell it.

By maintaining upgraded documents, a thorough business background and sales profile accessible in all times, it will certainly make your planning to sell much easier. You never know when the perfect buyer could be looking for exactly what you have to offer, while willing to purchase the business at a price higher than you would expect.

When Should You Tell Your Employees

If employees, rivals or others figure out that an entrepreneur plans to sell their business, the effects can be very negative. It's important to tell them at the appropriate time. Watch this video from Robert Hirsch where he explains the importance and timing.

Click here to learn more about Tyler Tysdal and his business experience.

Yield Farming Crypto Made Easy on the BEES.Social Exchange

DeFi Yield Farming Cryptocurrency offers users an opportunity to earn a passive income off of their cryptocurrency investments, rather than just hoping the price will rise. For most people the idea of entering into the world of DeFi (decentralized finance) can be quite intimidating. Luckily a community of crypto users at BEES.Social has emerged and has taken the lead in educating people around the world on crypto, DeFi, yield farming, and blockchain technologies.

What is DeFi Yield Farming Cryptocurrency?

In this 3 part video series on yield farming crypto, Vince Wicker from BEES.Social discusses all the different facets of how yield farming crypto works by first setting the foundation and explaining DeFi (decentralized finance).

What is DeFi (Decentralized Finance)

What Are Liquidity Pools in Yield Farming?

These decentralized exchanges, also known as DEX's, count on private users from around the world to deposit their funds into their liquidity pools. Through this group effort, those pooled funds act as the "bank," which the exchange can make use of to execute automatic swaps for other cryptocurrencies. The incentive to depositors is they will receive some type of rewards such as additional crypto tokens.

How Do Yield Farmers Make Money?

DeFi Yield Farming With BEES.Social

BEES.Social has created their own crypto exchange that makes yield farming easy. Users can pick from a range of different DeFi projects to place their capital in. Exciting new DeFi projects continue to come through their exchange.

• If you're interested in the learning more go to BEES.Social for their beginners crypto course, or connect to their exchange to start yield farming for the potential of a passive income.

BEESSocialTV Talks About DeFi Vs CeFi

DeFi Vs CeFi is one of the greatest choices a person will need to make in The Cryptocurrency Market. In this video on http://bees.social, Ray and Tim talk about the distinction of DeFi Vs CeFi. He also explaining the patterns in the Decentralize Financing (DeFi) area.

1) Centralized Financing (CeFi) exchanges-- serve as an intermediary to handle the crypto deals and activities of users

2) Decentralized Finance (DeFi) exchanges-- which remove the need of any third party to manage the activities of users, hence enabling innovation to take control of and users having authority to manage their transactions and deals.

Decentralized financing (commonly described as DeFi) is a blockchain-based form of financing that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to use conventional financial instruments, and rather uses wise contracts on blockchains, the most common being Ethereum.

The primary motive of both Decentralized Finance (DeFi) platforms and Centralized Finance (CeFi) platform stays the very same i.e. to facilitate people to use cryptocurrencies for all of their monetary requirements and services. But the way they both execute is different. Let us see how.

https://BEES.Social

BEES.Social is the # 1 Crypto Education System worldwide For Everyday People!

For more videos see this playlist:
BeesSocialTV
https://www.youtube.com/playlist?list=PLT3ArNsa9k19YcQ8G-2Y6y0fq8OYb5ld5

Please sign up for this channel:
BeesSocialTV
https://www.youtube.com/c/BeesSocialTV/

Discover more about DeFi Yield Farming Crypto http://Yield-Farming-Crypto.farm

https://www.youtube.com/playlist?list=PLT3ArNsa9k19UeQ5RLppkhkhHCKFOKZyV

For more info:
https://www.facebook.com/groups/beessocalforyou
https://twitter.com/Crypto_Swarm
https://www.linkedin.com/company/cryptoswarm/
https://www.reddit.com/user/BEESSocial
https://podcasts.apple.com/us/podcast/the-swarm-unplugged/id1563240346
https://medium.com/opes-dot-finance

Watch Video

Deciding on Effortless Programs Of Securities and Exchange Commission

Content

• Federal Securities Fraud
• Rated Top 1% U S. Law Firm
• Get Legal Help For Any Legal Need From People In Business

Federal Securities Fraud

It is virtually inconceivable to get considered one of these submit-MBA associate roles in PE except you have done PE pre-MBA. Considering that you will not be able to get into a PE store pre-MBA since you have not done IB , this won't be possible. Even should you did Hirsch Founded, the fact that you haven't accomplished IB at a good shop will put you at a disadvantage. Especially considering that you're from a non-target, your candidacy has no real deserves.

Sell Business,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" width="407px" alt="indicted counts">

Investment bankers generate income by advising companies, structuring sales, raising capital, and taking a proportion fee on every transaction. Management fees are the price charged by a fund manager to invest capital on behalf of clients. A performance fee is a fee made to an investment manager for producing optimistic returns. The ten highest-paid hedge fund managers collectively made $7.7 billion in fees in 2018, taking their mixed net worth to $70.7 billion, in accordance with Bloomberg. The table beneath shows the top five fund managers who raked in probably the most in 2018.

To clarify how elementary the purchase-to-sell approach is to personal equity's success, it's price reviewing the basics of personal equity ownership. Hedge funds and personal equity funds enchantment to high-internet-value people. LBO funds generally acquire most of the equity pursuits or property of the portfolio company through a newly created particular purpose acquisition subsidiary controlled by the fund, and generally Grant Carter's business partner as a consortium of a number of like-minded funds. Tiger FundsIn 2000, Julian Robertson's Tiger Management failed regardless of raising $6 billion in property. A worth investor, Robertson positioned big bets on stocks via a technique that concerned buying what he believed to be probably the most promising stocks in the markets and short selling what he seen because the worst stocks.

You will create a rare friendship with your colleagues with whom you'll cram all days and nights to fetch deal after deal. Most individuals don't see as a benefit, but should you meet any investment banker ask him about it. The reality is that unless you're already in the industry, with a proven monitor document, and with a network of industry connections, the percentages that you could start your personal private-equity fund are next to nothing. Assuming that every thing has gone well for three, 5, or seven years, it is time to sell the corporate and mint some money. The selling course of is stuffed with legal, accounting, and potential regulatory obstacles as nicely, so you will need more legal professionals and accountants for this process, especially should you're excited about an IPO.

Rated Top 1% U S. Law Firm

Private equity can also be usually grouped right into a broader category referred to as private capital, typically used to explain capital supporting any lengthy-term, illiquid investment strategy. The definition of small cap can range amongst brokerages, but generally, it's a company with a market capitalization of between $300 million and $2 billion. It is hard to interrupt into PE with mere financial due diligence experiences. I'm planning for my subsequent move among three decisions, company finance within huge 4 , a reputational consulting company (M&A advisor), or a boutique IB. Brutal truth and you could dislike me for this, however even if you don't consider it, no less than hear it; there is little hope.

Get Legal Help For Any Legal Need From People In Business

PE companies look to recruit from IB, particularly with regards to 2 years in IB post undergrad since there's a recruiting course of. However, most of those corporations will kick you out after 2 years to go do one thing else. For those that want to continue to do PE, they have to get their MBA at a high program after which recruit to be a publish-MBA associate. Even then, many of those roles won't ever lead to the partner track the place you're making operational changes and raking in real money.

Our course contains 2,447 questions throughout 203 private equity funds which have been crowdsourced from over 500,000 members. The WSO Private Equity Interview Prep Guide has every little thing you'll ever have to land probably the most coveted jobs on Wall Street. A vulture capitalist is an investor who purchases troubled companies on the cheap after which does whatever it takes to revive and make a take advantage of them.

Venture Capital

Spend a pair years working in one thing business/finance, received to an M7 MBA after which recruit as a publish-MBA associate in IB. Doing PE after this stint will more than likely not be attainable, but you will no less than be capable of work on M&A at an investment bank. Especially considering video about Tyler Tysdal how crowded the PE space is and how much more saturated it's getting , the IRR's are also coming down so in case you are trying to construct a long-term future on this profession, it is going to be not be as great a space to get into.

Is a hedge fund an investment company?

A hedge fund is an actively managed investment fund that pools money from accredited investors, typically those with higher risk tolerances. A private equity fund is also a managed investment fund that pools money, but they normally invest in private, non-publicly traded companies and businesses.

If you're hard-working, aggressive, you aren't passionate about something specific, and you wish to make some huge cash, private equity is perfect. The backside line is that these jobs could be fairly profitable, however if you're working at a smaller fund, in a smaller city, or in an emerging market, you will earn far less than what the "headline numbers" for compensation in NY suggest.

Indicted In Arizona In Securities Fraud Scheme

Get instant entry to video classes taught by skilled investment bankers. Learn monetary assertion modeling, DCF, M&A, LBO, Comps and Excel shortcuts.