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Why Your Business Can’t Succeed Without Forecasting



Wouldn’t it be great to see how your business will be in the future?

While it’s impossible to know precisely what will happen to your business in the future, forecasting can help you get a glimpse of your business’s future. Forecasting in business uses historical and current data to predict the future trends in your niche.

Business owners can now analyze their companies with a higher confidence level in the data thanks to this increased visibility. This article will focus on what forecasting in business is and why it’s important to companies today.

What Is Forecasting in Business?

Forecasting in business uses devised techniques and available tools to predict and forecast changes in the business. These changes may include profits, losses, expenditures, and sales.

The primary role of forecasting in business is to help business owners develop better strategies depending on their informed predictions. The main goal is to eliminate potential future losses and failures before they happen.

The Importance of Forecasting in Business Planning

Business forecasting is essential to companies because it gives stakeholders the ability to create data-driven strategies and make informed decisions about their businesses. Business owners make operational and financial decisions based on forecasting reports and present market conditions.

Historical data is collected, aggregated then carefully annualized to pinpoint patterns. These patterns are used to predict future changes and trends. Business forecasting allows you to be more proactive to market changes instead of reactive.

How Forecasting Can Help Your Business succeed

Forecasting can help you avoid making important decisions blindly. No business wants to play catch-up because they were not adequately prepared for changes in their industry. Below are fives ways forecasting can help your company succeed:

It Helps Businesses Plan and Set Goals

Forecasting helps you analyze current and past data and set measurable and reasonable goals based on your findings. However, ensure that you have accurate statistics and data for analysis. This helps you decide the levels of improvement, change, and growth that your business needs to succeed.

And setting these goals will help you evaluate the progress of your business and adapt proper business processes. Therefore, keeping you on the right path to meeting your bottom line.

But you may need to use specific business management tools such as CRM to help with visual forecasting. This will help you pinpoint crucial business aspects such as new opportunities and the sales funnel.

It Helps You Budget

Because business forecasting gives you visibility of future changes and potential trends, it will be easy to budget for your business. You will know how best to spend time and money on specific business offerings such as products and services. You will also be better equipped to budget for internal procedures such as marketing and the hiring process.

Unfortunately, most people don’t know the difference between budgeting and business forecasting. Through budgeting, you can quantify the revenue expectations you want to achieve in the future. However, Financial forecasting helps you estimate the total income or revenue you will achieve in the future.

With forecasting, you will have access to predicted trends and information about current company functionality. When you combine the two, you will have insight into the future of your business, helping you to better estimate and allocate your resources when budgeting.

It Helps You Anticipate Market Changes

With forecasting, it will be easier for you to change your current business strategy and operations. Data projections that come with business forecasting will help you know the right changes to make to alter your business’s outcome.

You can position your business to anticipate changes and proactively react instead of being on the defense. Through forecasting, you can anticipate changes in market trends and consumer behavior. This helps you make the necessary adjustments before the arrival of these changes.

Steps in Business Forecasting

Forecasting is a great way to ensure business success. Now that you know the importance of forecasting, it’s time to focus on the forecasting process. Check out the below steps to help you in the business forecasting process:

Identify Problems and Gaps

At first, identifying an issue may seem like an easy job. However, you need to know how consumers are likely to react to specific products and how the market is. The biggest problem with this step is that there are no business forecasting tools to help.

To identify any problems, you need to have knowledge of the market and who your competitors are. You also need to understand your consumers and what they need. After collecting the right data, you will be better positioned to identify past problems and predict any potential issues that may arise in the future.

Gather Information

 You can collect the right information in two ways; through actual data and the knowledge collected by experts. However, if the data isn’t available yet, ensure you use information that comes from expert judgment in specific areas.

But if you have available data on the subject, ensure you analyze it to predict the future. This is known as quantitative forecasting. An example of quantitative forecasting is checking how customers buy your products to predict the right time to restock your shelves.

Do Preliminary Analysis

Initial analysis of collected data and information will help you know whether it’s usable or not. The analysis can also help you reveal trends and patterns that will be helpful to your business. For example, you could make a more informed decision when choosing a suitable business model based on a preliminary analysis of your data.

To make the process easier, ensure you invest in good business forecasting tools. Check out this site for more info.

Now You Know the Importance of Forecasting in Business

Forecasting is one of the most overlooked parts of business planning and management. However, there are many benefits of forecasting that most businesses miss out on. Through forecasting in business, leaders can make informed decisions based on analysis of the company’s historical and current data.

Forecasting can also help you improve your business strategy and efficiency. This will be instrumental in improving your overall revenue and service offering.

Did you enjoy this article? Check out other posts on our site for more informative business tips.

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What Is Margin Trading in Crypto?



Margin Trading

Margin trading is the practice of using borrowed funds to trade on margin. This allows traders to engage in high-risk activities with lower capital and leverage than they would be able to use if they were only using their own cash. In this post, we will discuss how margin trading works, what types of assets can be used in margin trading and some popular markets where you can do this!

What Is Margin Trading Cryptocurrency?

Margin trading cryptocurrency is a trading strategy that involves borrowing funds to trade digital currencies. With margin trading, traders can increase their buying power and potentially earn higher profits by using leverage.

To margin trade cryptocurrencies, traders must open a margin account with a cryptocurrency exchange that offers margin trading. They can then borrow funds from the exchange and use them to open larger positions than they would be able to with their own capital.

Margin trading and cloud mining are two different ways of trading and mining cryptocurrencies, respectively. While margin trading involves trading on a larger scale using borrowed funds, bitcoin cloud mining involves mining bitcoin and other cryptocurrencies using remote data centers. Both methods have their advantages and disadvantages, and traders and miners should carefully evaluate the risks involved before engaging in these activities.

How Does Margin Trading Crypto Work?

Margin trading crypto works by allowing traders to borrow funds from an exchange or a broker to increase their buying power and potentially earn higher profits. Instead of using their own capital to open a position, traders can borrow funds and use them as collateral to enter into larger trades.

To start margin trading crypto, traders need to open a margin account with a cryptocurrency exchange that offers margin trading. They will then need to deposit a certain amount of funds as collateral, known as margin, which will determine the maximum leverage they can use.

The leverage ratio determines how much a trader can borrow compared to their margin. For example, if a trader deposits $1,000 as margin and the exchange offers a 10x leverage ratio, they can borrow up to $9,000 to open a $10,000 position.

Therefore, margin trading crypto requires a solid understanding of the market and risk management techniques to minimize potential losses. Traders should also be aware of the fees and interest rates associated with margin trading, which can vary depending on the exchange and the amount of leverage used.

Liquidation Price Calculation

The liquidation price is the price at which the broker can buy a position back from the margin trader. It’s based on a formula that takes into account the current market price, plus any fees that have been accrued by both parties.

These prices, including ETH price are posted live in exchanges, including several assets’ market cap of and live crypto price. This means that you’ll be given an opportunity to exit your position before it becomes completely worthless.

The liquidation price calculation will vary depending on whether or not there are any fees attached to trading with different brokers:

Pros of Margin Trading in Crypto

High Leverage

One of the most significant pros of margin trading in crypto is the high leverage it offers. With leverage, traders can access a larger position size with a smaller capital outlay. This means that traders can magnify their potential gains significantly. 

Short Selling

Another advantage of margin trading in crypto is the ability to short sell. Short selling is a strategy used by traders to profit from a decrease in price. In a short sale, traders borrow crypto assets from a broker, sell them, and then buy them back at a lower price to return them to the broker. Short selling can be a profitable strategy in a bear market.


Margin trading allows traders to diversify their portfolio by trading on different exchanges and with different cryptocurrencies. This can help to spread the risk and increase potential returns.

Quick Profits

Margin trading allows traders to take advantage of short-term price movements in the cryptocurrency market. Traders can enter and exit trades quickly, allowing them to profit from quick price changes.

Cons of Margin Trading in Crypto

If you want to trade on margin, then the following things are worth considering:

The lack of regulation in crypto is one of its biggest drawbacks. You can’t count on having your funds protected by a third party, which means that if anything goes wrong with your account and someone else’s money is stolen from it (or vice versa), there isn’t much for anyone to do about it.

Margin trading also comes with high risk—because as we mentioned above, if something goes wrong and someone loses their money because they were trading with borrowed capital while their account balance was too small or too large compared to theirs—it’s all on them.

Understanding Margin and Leverage

Margin trading is when you borrow money from your broker in order to invest. This can be done with either cryptocurrency or fiat currency, depending on the platform you’re using. For example, if you want to buy Bitcoin using USD (the U.S dollar), then your margin trading would be done through an exchange like KuCoin, Poloniex or Coinbase Pro for USD and Kraken for BTC.

Leverage refers to how much leverage a trader has when making trades and investments; it allows them to increase their profits by borrowing from their brokers at less than 100% of what they have available in capital.

Margin Call

A margin call is a request that you make to your exchange, asking for additional funds to be deposited into your account. The exchange will then deposit these funds and use them as collateral in order to increase the amount of money you can trade with. Margin calls generally occur when there’s been a sudden drop in the value of cryptocurrencies.

Margin Trading Strategies

Margin trading is a form of trading where you borrow money from your broker to buy or sell an asset. You can use this borrowed money to buy more assets, or to sell assets for more than you paid for them by using leverage (basically, borrowing more than the amount of capital that you have).

If you’re buying cryptocurrency with borrowed funds, then it’s called margin trading. If your goal is simply getting liquidated quickly by selling off some coins at a profit and closing out your position, then it’s called short selling (or “going short”).


As you can see, the benefits of margin trading can be huge. It gives you more flexibility and control over your investment, while reducing risks. However, there are also disadvantages to this type of trading that need to be taken into consideration before jumping in head first. 

In fact, many experts would argue that it’s better not to engage in crypto margin trading at all! But if you do choose to take on this risky endeavor (which is definitely possible), then we hope this guide will help guide your way through it safely.

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Sipping to Success: Uncovering the Best SIP Plans to Invest In



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Regularly investing in mutual funds is made easy with Systematic Investment Plans (SIPs). With SIPs, investors can benefit from rupee cost averaging by investing a certain sum in mutual funds on a regular basis. As a result, investors can profit from fluctuations in the market by acquiring more units when the market is down and fewer units when it is up.

In order to build long-term wealth, it is essential to invest in the correct SIP plan. We’ll talk about some of the top SIP plans in this article.

Best SIP Plans to Invest:

The best sip plan to invest in are given below:

1. Large-Cap Mutual Funds 

Mutual funds with a significant market cap invest in the equities of established, reputable, large corporations. These businesses are well-established and frequently market leaders in their respective fields. Large-cap mutual funds are a great option for conservative investors since they have a lower risk profile than other equity mutual funds. These investments give the portfolio stability and long-term capital growth.

2. Multi-Cap Mutual Funds 

Large-cap, mid-cap, and small-cap equities are all included in the investments made by multi-cap mutual funds. These funds provide a diverse portfolio, which lowers the portfolio’s overall risk. Investors aiming for long-term capital growth and who have a modest taste for risk can choose multi-cap mutual funds.

3. Mid-Cap Mutual Funds 

Mutual funds for mid-cap companies buy stocks from businesses with a market value of between 500 crore and 10,000 crore rupees. These businesses have the potential to produce substantial profits and are frequently in the growth phase. However, compared to large-cap mutual funds, mid-cap mutual funds have a higher risk profile. These funds are appropriate for investors that have a higher risk tolerance and are seeking long-term capital growth.

4. Small-Cap Mutual Funds 

Mutual funds for small-cap companies buy stocks from businesses having a market value of less than 500 crore rupees. These businesses have the potential to produce substantial profits but are frequently in their beginnings. The risk profile of small-cap mutual funds is higher than that of large-cap and mid-cap mutual funds, though. Investors searching for long-term capital growth and with a high-risk tolerance should choose these funds.

5. Sectoral Mutual Funds 

Mutual funds that specialize in a certain industry, such as banking, medicine, or technology, invest in the stocks of businesses in that industry. These funds offer exposure to a certain industry and are appropriate for investors that have a positive outlook on that industry. Sectoral mutual funds, in opposition to diversified mutual funds, have a higher risk profile. Investors searching for long-term capital growth and with a high-risk tolerance should choose these funds.


SIP investments in mutual funds are a great method to build money in the long run. Rupee cost averaging, which is a benefit of SIPs, aids in lowering the portfolio’s total risk. Investors’ risk tolerance, investment horizon, and financial objectives must all be taken into account while making SIP investments. Selecting the mutual fund category that best suits your financial goals is crucial.

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What are the Regulations for Taking Phone Credit Card Payments?



Phone Credit Card Payments

In Australia, there are strict regulations around taking phone credit card payments. The relevant rules and guidelines are outlined in the Reserve Bank of Australia’s EFT Code of Conduct. This code contains regulatory requirements for all entities that process electronic funds transfers (EFTs), including phone credit card payments.

The regulations set out several obligations for entities that process phone credit card payments. These obligations include the following:

• Entities must obtain a signed authority from customers before processing any payment made by phone or the internet.

• Entities must ensure that all staff members involved in taking payments have been properly trained and understand their responsibilities.

• Entities must use secure systems to protect customer data and privacy.

• Entities must confirm customers’ identities before processing any payment, including via phone credit card payments.

• Entities must provide customers with a clear breakdown of the fees associated with their purchase.

• Entities must be able to demonstrate compliance with all relevant regulations, including those related to data security.

• Entities must provide customers with clear information about the payment process and any associated risks before processing the payment.

• Entities must ensure that customers are informed of their right to dispute any charges and be provided with a prompt refund if the dispute is proven valid.

• Entities must store all customer data securely and in accordance with applicable regulations.

• Entities must have an effective dispute resolution process in place.

• Entities must ensure that customers are not charged any additional fees or surcharges beyond what they initially agreed to.

Choosing the Right Payment Terminal

This might seem like lots of stress, especially for a small business, but much of the work is done when selecting a payment terminal. When selecting a payment terminal, consider:

• The cost of the terminal.

• The type of payment processor used with the terminal.

• Any associated fees and any additional hardware needed to use it.

• The compatibility with existing systems, such as point-of-sale software or a merchant account.

• The terminal’s ability to accept payments from different credit card companies.

• The security measures in place for processing transactions, such as data encryption and fraud protection.

Once a terminal is selected and the necessary hardware is installed, businesses will need to register and be approved by their payment processor to begin taking phone credit card payments. During the registration process, businesses will need to provide basic information such as contact information and banking details. They may also need to present additional documents such as a business license or invoices verifying the legitimacy of their operations.

With Zeller solutions, you can provide a safe and secure payment option to all your customers. The compliance team will make sure you meet all necessary security regulations and standards such as Payment Card Industry Data Security Standard (PCI DSS) and the General Data Protection Regulation (GDPR). This ensures that you are providing your customers with the highest level of protection when it comes to their data and financial information.

Choose the right solution today and you will follow all the right regulations – not only will you avoid fines and penalties, but you’ll also keep customers happy and avoid damage to your reputation!

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