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    Friday, July 2, 2021

    Business Pinterest bans all weight loss ads

    Business Pinterest bans all weight loss ads


    Pinterest bans all weight loss ads

    Posted: 02 Jul 2021 03:23 AM PDT

    IBM email fiasco complicates sales deals, is worse than biz is letting on – sources

    Posted: 02 Jul 2021 01:08 AM PDT

    130 nations agree to support U.S. proposal for global minimum tax on corporations

    Posted: 01 Jul 2021 11:31 AM PDT

    I am an EU citizen: which country should I incorporate my web agency?

    Posted: 02 Jul 2021 03:54 AM PDT

    Company profile

    The company will be a web design and development agency with clients mostly from EU but also UK & US.

    The team will be fully remote (development and sales/marketing).

    Which country checks all these boxes?

    1. English is the/one of the business languages there. All paperwork should be in English: Company incorporation documents, paperwork: taxes and accounting, etc.
    2. Jurisdiction does not require company to have a resident director. Company can carry out all its operations fully remotely, with the possibility of setting up an office in another country.
    3. Great banking options and ease of doing business in general. Allows non-resident foreigners to open a bank account there, invoice foreign clients and process payments with foreign banks easily (hence no grey-listed Caribbean islands).

    Does such a utopia exist?

    ---------------------------------------------------------------------------------------------------------------------------

    Why not my own country?

    Having a fancy UK/Western European business address will make our target prospects more willing to do business with us. The banking options are very few and low-quality service in my country.

    submitted by /u/lewz3000
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    Loans and sales

    Posted: 02 Jul 2021 05:46 AM PDT

    Hello everyone just here to see if any businesses are in need of a loan, SBA, Start up, etc etc. Some require credit some don't I also have a list of sellers and buyers I am also a requisition and merger specialist.,

    submitted by /u/Individual_System300
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    Werner acquires regional carriers in $142M deal with ECM Transport Group

    Posted: 01 Jul 2021 10:32 PM PDT

    A list of newsletters for entrepreneurs. Can you add more ones?

    Posted: 02 Jul 2021 03:49 AM PDT

    Share prices rise ten thousand times in 55 years; how does Buffett get there with his "insurance + investment" mode?

    Posted: 02 Jul 2021 02:44 AM PDT

    Share prices rise ten thousand times in 55 years; how does Buffett get there with his "insurance + investment" mode?

    On May 3, the 2020 Buffett shareholders meeting was held in Omaha. The 90-year-old investor must not have imagined that such a shareholder meeting without audience would be held in his lifetime (affected by COVID-19, the press conference was conducted online). And this time, his partner Charlie Munger, who has accompanied him for 60 years, did not appear at the conference due to health problems. Buffett said that without Charlie Munger sitting there, it did not feel like an annual meeting.

    In addition to these different details, the outside world paid more attention to Berkshire's first quarter financial report released just before the shareholders meeting. The financial report showed that Berkshire's net loss in the first quarter was 49.746 billion US dollars, a record high. The investment portfolio suffered a "huge book loss" of over US$54.5 billion, and meanwhile book cash reached a record high of US$137.3 billion. It is huge loss of investment portfolio on one side and record high of book cash on another. Buffett's 2020 is just as struggling as the world.

    When we talk about Buffett, we always use stock god to describe this old man. But in fact, Buffett's performance in investment in mergers and acquisitions may be better than stocks.

    Over the past few decades, Buffett's continuous investment in mergers and acquisitions have made Berkshire a super business giant. Its subsidiaries are involved in many industries. Specifically, they mainly include five sectors: insurance, securities investment, railway and energy, manufacturing, and retail service industries.

    From the perspective of business sectors, service retail and insurance businesses contributed most of the operating income, while industrial investment contributed most of the profits.

    Buffett's huge investment funds come from Berkshire's insurance business. After being taken over by Buffett at the verge of bankruptcy in 1965 and transformed into an insurance group, this original textile factory has grown into a top investment group with total asset of more than 700 billion US dollars and ranked 12th in 2008 Fortune Global 500 after 55 years of ups and downs. Its insurance + investment model has also been imitated by other insurance giants in the world. Today, InsurView will introduce you to this insurance giant: Berkshire Hathaway.

    Berkshire's development history

    When it comes to Berkshire, what everyone talks about most must be its stock price. On January 17, 2020, Berkshire's stock price reached $3,474,000 per share, making it the most expensive stock in the world so far. Before Buffett took over in 1964, its stock price was only $19. Its compound annual growth rate was 19% and far outpaced the 9.8% annualized growth rate of S&P 500 and other indexes.

    Berkshire was a textile company before Buffett entered. At that time, Buffett continued to buy company stocks at low prices, and formally took over the management in 1965. As the textile business was declining, Buffett began to join the insurance industry three years later, using Berkshire's surplus funds to acquire the National Insurance Company (NICO) and the National Fire and Maritime Insurance Company. During this period, Berkshire's net assets nearly doubled, with an annualized rate of 18.4%, and its stock price increased rapidly from $19 in 1964 to $66.

    The period from 1969 to 1998 is the 30 golden years for Warren Buffett's Insurance + Investment. On the one hand, Buffett completely built Berkshire into an insurance company. First of all, Buffett began to buy GEICO shares in the secondary market in 1976, and Berkshire finally completed the acquisition of GEICO in 1996. Secondly, in 1998, Berkshire acquired General Reinsurance Company for 22 billion U.S. dollars and became a giant in the reinsurance field. As of 1999, Berkshire's premium income was $14.3 billion. On the other hand, Buffett made a large amount of value investment by using abundant insurance floating funds. The classic stock investments during this period included the well-known Coca-Cola and Gillette, as well as famous acquisitions like See's Candies. In this acquisition, Buffett only spent 15 million US dollars, and in the decades after the acquisition, See's Candies has created billions of dollars in profits for Berkshire.

    In the 30 golden years of insurance + investment, Berkshire has grown from $66 to $70,000 per share, and its net assets have increased by 987 times, at an annualized rate of 26%, far exceeding 8.2% of the S&P 500. Berkshire's total assets reached 122.2 billion US dollars. At this point, Buffett has officially become the "stock god."

    The 20 years from 1999 can be regarded as Berkshire's mature period. With the continuous growth of the group's net assets, stock earnings could not meet the company's requirements. So Buffett put a lot of energy in corporate mergers and acquisitions during this period, and successively initiated Burlington Northern Santa Fe Railway, Heinz Company and Precision Castparts Corporation. The three major mergers and acquisitions, costing US$94 billion, covered diversified industries such as heavy industry, energy, and consumption. In 2008, due to the financial crisis, Buffett got the opportunity to buy Goldman Sachs shares at a relatively low price. Five billion U.S. dollars consolidated the foundation of Buffett's investment empire.

    Over the past 20 years, Berkshire has completed the transformation from investing in stocks to focusing on corporate mergers and acquisitions. Total assets have increased from US$122.2 billion to US$700 billion, an annualized rate of 9.2%. Net assets increased from 57.4 billion U.S. dollars to 348.7 billion U.S. dollars, an annualized rate of 9.4%, and the stock price rose from 70,000 U.S. dollars to 300,000 U.S. dollars.

    Insurance + investment helps build Berkshire's business empire

    If Buffett's investments in mergers are like a precise sniper rifle, then Berkshire's insurance sector is his continuous ammunition depot. For Buffett, insurance sector means far more than its own revenue and profits. From the perspective of the nature of insurance, it first collects a certain premium from customer, and then pays it to the insured person on agreed conditions in the future. This model allows insurance companies to have a large amount of funds in their hands, that is, "float". Although insurance companies do no own float, they are entitled to use it and they could invest it in mergers and acquisitions. This is the Buffett's famous insurance + investment model.

    How did Buffett enlarge the float scale?

    The first is to continuously acquire insurance companies to increase premium income. Buffett acquired the National Insurance Company (NICO) and the National Fire and Marine Insurance Company for the first time in 1967, acquired GEICO Insurance in 1996, and acquired General Reinsurance in 1998. As of 2019, Berkshire ranks 10th in the global insurance industry with premium income of US$61.078 billion, and 4th in the United States. It is one of the world's largest insurance companies.

    After continuous acquisition and integration, there are currently three major insurance operators, namely GEICO, Berkshire Reinsurance (BHRG) and BH Primary. They are involved in car insurance, reinsurance and special insurance businesses, with a total 27 insurance subsidiaries.

    Among them, GEICO has been the main contributor to Berkshire Hathaway's premium income. In 2019, it contributed nearly 60% of the premium income, and the insurance income of BHRG and BH Primary accounted for 27% and 15% respectively.

    The second is to get large reinsurance orders by the advantage of capital. The reinsurance business has the following characteristics: higher risk concentration, higher policy premiums, and higher premium income. As the world's third largest reinsurance company, Berkshire has maintained a 3A rating for a long time, and is able to sign many large orders that many reinsurance companies cannot take. Buffett said in 2015 that there were only 8 property and casualty insurance policies with a single premium of more than $1 billion in history, all of which were signed by Berkshire. Secondly, the compensation process of reinsurance is longer than everyone thinks. Because reinsurance business has a huge amount of work in loss determination and settlement, sometimes the compensation process can be as long as several decades. This ensures that Berkshire can manage compensation pressure and cash flow is more stable.

    With enough capital, it then depends on leader's investment ability.

    In terms of investment choices, Buffett has always preferred traditional industries, but his interest in technology companies has gradually increased in recent years.

    According to Berkshire's 2019 annual report, among Buffett's top ten heavyweight stocks, banking stocks account for almost half. He has publicly stated that the banking industry is a good industry with a high rate of return on tangible assets.

    The consumption industry is also favored by Buffett. Consumers have a lasting and stable daily consumption demand. Once being liked by consumers as a brand, it will form customer stickiness and dominate the competition. Coca-Cola is Buffett's most outstanding investment in the consumption industry. Although the share of consumer stock holdings in market value has slowly declined from 17% in 1980 to 10% in 2019, Buffett still loves consumption industry the most.

    The technology industry was once Buffett's least favorite industry. Although the growth prospects of the technology industry are huge, the competitive landscape is often subverted by the emergence of new technologies. The difficulty of forecasting is beyond Buffett's ability, so it has been excluded from his investment for a long time. However, as Buffett's investment in Apple and other high-tech companies has gradually taken shape, it shows that his investment philosophy is still evolving, and Apple has become the largest stock in Buffett's holdings.

    Can the insurance + investment model be copied?

    If a company makes a lot of investment in mergers and acquisitions, it is often considered to be inefficient and difficult to integrate. But Buffett established Berkshire's business empire through continuous investment in mergers and acquisitions.

    InsurView believes that the secret lies in Buffett's own famous saying: investing in good companies at a reasonable price is better than investing in mediocre companies at a good price. In Buffett's long investment career, he is always good at finding good companies in the market that are undervalued in the short term. Its investment logic is centered on the intrinsic value of the enterprise, avoiding junk assets, and no interests in industrial integration.

    This could ensure that most Berkshire's subsidiaries can maintain stable performance and contribute large amount of profits, even though they are not much integrated and associated with each other.

    Secondly, Buffett's success is largely credited to the rapid development of US economy. Buffett is firmly optimistic about the development prospects of United States, and dares to act when others are pessimistic and fearful. He has been willing to grow together with high-quality companies, and enjoy the economic development of United States.

    Since the beginning of this year, U.S. stocks have plummeted due to the pandemic. Despite the strong rescue policy of Fed, the Dow Jones Index ushered in a violent rebound. But this time, the stock god has become a mortal, cutting his flesh before dawn. After his announcing the clearance of aviation stocks at the general meeting of shareholders, aviation stocks began to rebound slightly. Especially in the past two trading days, after significant progress has been made on China-US routes, American aviation stocks rebounded violently. Among them, American Airlines rebounded more than 110% in two trading days.

    So Trump seized the opportunity to poke fun at Buffett when he delivered a speech at the White House last week.

    But in any case, the old Omaha's investment career in the past few decades is legendary enough. At the same time, there is a country in the far east that has carried out drastic reforms to the capital market in recent years. Whether the dividends of the times can create an Oriental Berkshire, we have to wait and see.

    submitted by /u/InsurViewChina
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    Advice Needed: Our product is too good?

    Posted: 01 Jul 2021 11:45 PM PDT

    We market the Knightsbridge Dual Band chin strap, an anti-snoring chin strap that is the best on the market. This isn't just my opinion ... our chin strap was selected "Best CPAP Chin Strap" by CPAP.com, and was awarded a bronze medal in the 2021 Medical Design Excellence Awards. (Briefly, its bands pass under the jaw in order to provide vertical lift, so it works with the natural rotation of the jaw. In contrast, traditional anti-snoring chin straps wrap around the tip of the chin and force the jaw into the jaw joint, thereby relying on increased friction in the joint to immobilize the jaw which is painful and long-term use can cause damage to the joint.)

    But the substantial superiority of our chin strap, or more aptly the inferiority of traditional chin straps, actually creates a problem when it comes to finding distributors. For CPAP equipment distributors to properly present our chin strap to their customers they have to somehow acknowledge the problematic nature of traditional chin straps. I believe this is the reason why more potential distributors are declining to include the Dual Band in their product line. Most decline without ever giving a reason.

    I think that somehow we have to address this head-on when contacting potential distributors, but I'm not sure how. Any advice?

    submitted by /u/LaurenceShaw__
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    (USA) What is "event management" and how does one progress through positions in that field?

    Posted: 01 Jul 2021 11:45 PM PDT

    Online brokerage Robinhood files paperwork for Nasdaq IPO

    Posted: 01 Jul 2021 11:27 PM PDT

    Looking for link exchange with Computer Services businesses

    Posted: 01 Jul 2021 09:07 PM PDT

    Hi everyone,

    Michael her from www.istrategy.com.au a local computer repair company in Melbourne, Australia.

    I am looking to do a link exchange with businesses that are in the same industry as us but in different geographical regions.

    We did an exchange with Idaho PC Solutions already and are looking for more.

    If you're interested or want to discuss further let me know.

    Have an awesome day!

    submitted by /u/istrategy
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    Social Media Marketing Strategies Related Question

    Posted: 01 Jul 2021 08:05 PM PDT

    Good Morning,

    I am a medium-small business owner. Today, I'd like to ask about marketing related stuff:

    1. What are the social media that are used by the majority of companies (aside from Twitter, Facebook, and LinkedIn?
    2. What do you think of using mascots (attractive characters) to promote products on platforms like Instagram, Tumblr, etc.
    3. How long do I use a specific strategy that works for one time? are there any formulas for it?
    4. Do you really need google ads to sell products? is there any other advertisement company aside from google that could utilize SEO?

    That's all I asked, would be really grateful for any suggestions. Thank you for your time, have a nice day!

    submitted by /u/oomazeo
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    New business at a location with bad Yelp reviews. Am I totally out of luck?

    Posted: 01 Jul 2021 05:38 PM PDT

    I am about to start leasing the facilities of a dog and cat grooming salon that closed during the pandemic. I will bring more groomers and newer/better equipment than the previous tenant. The previous business has low Yelp reviews, and I am afraid that I will "inherit" the bad history of reviews with the facilities. I incorporated my business with a different name. How can I jump-start my new venture and start accumulating my own reviews?

    submitted by /u/On-Call24-7
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    Crypto is much broader than Bitcoin We think we can produce public financial infrastructure, where everyone is treated by these systems as equal users But it goes even bigger than that; we also want to produce internet-native identity It’s a big rabbit hole!

    Posted: 01 Jul 2021 05:36 PM PDT

    Should i stick to one niche in clothing brnad?

    Posted: 01 Jul 2021 01:23 PM PDT

    Hey,

    So my clothing brand will be related to space which is one topic, but im curious if should i stick to only stuff related to space because my designer created some cool designs that is far from space theme

    submitted by /u/fvckbezos
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    Young entrepreneur club!

    Posted: 01 Jul 2021 03:13 PM PDT

    Hi everyone, I started a group text/club to help connect young entrepreneurs like myself that are looking for a more personal community then Reddit or discord to build off each other, share ideas and possibly facilitate partnership! If you're interested send me a message with your age, goals/current ventures, number, and any questions! (It'll be on what's-app so there's no location barrier) (Teens to early twenties)

    submitted by /u/josephzimmitti
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    How/Why do Resort & Marina Developers get started?

    Posted: 01 Jul 2021 12:59 PM PDT

    I know there's a million factors as to why anybody does anything..but on a high level, what causes developers to get into the resort/marina operations? Think Lake Mead/Shasta/Tahoe..all the big lakes have docks & marinas, sometimes even lodging.

    Take Playmate Resorts (later Seven Crown Resorts)..it was a couple guys out of OC who decided to develop waterfront operations around the major lakes over the past 40+ years. They also made a killing. Are developers like this people who grew up near these lakes, to realize the potential value of development? Cutthroat opportunists?

    Also - how would that all work? Do they buy the land, develop, then sell to an operator..or continue ownership after development? I ask because they also worked on international projects like Bahia in Puerto Rico (now the St. Regis or Ritz Carlton..some high end resort), which I assumed they developed then sold to the larger resort company.

    Any thoughts?

    submitted by /u/ScaryNinjaReconGuy
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    Banks continue to close thousands of branches. Is branch banking dying?

    Posted: 01 Jul 2021 12:45 PM PDT

    Gap X Kanye

    Posted: 01 Jul 2021 12:38 PM PDT

    Does anyone know how many puffer jackets or an estimate of how many were sold on the first Gap x Yeezy collab?

    submitted by /u/ecommerceapprentice
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