Today, I learned that cryptocurrencies unlike stocks are traded 24hrs around the world whereas stocks have a closing time at the end of the day. Bitcoins are the most popular form in cryptocurrencies where you have to "mine" to find it. Bitcoins had actually low-value years ago, however, it is very hard to get bitcoins these days. You can use apps like Robinhood or the NYSE to track/buy these currencies.
Today, I learned that stocks are pretty simple yet complicated. Many companies have stocks for the public to invest in and buy, however, some stocks are private and require some sort of relationship to buy into. There are two markets, the bull, and bear market where people favor the bull more because the stocks raise.
There are two ways you can sell your products online.
1. You can use websites like Amazon and eBay
2. You can create your own website that only sells your products.
There are both advantages and disadvantages when using either way. eBay collects fees on every item you sell and exists more competition with other businesses. However, creating your own website requires much time and effort spent on design, and fewer people will visit an unknown website.
I learned that there are many many ways to restore, fix, and change up old technology into new items that can be used or even sold. For example, through salvaging, you can which parts of an old item are valuable and can be reused. Another way is upcycling where you restore old and antique items so that they work like brand new. And the last way is through repurposing, which is a way to build something from something. For instance, you can make a lamp from different old parts of different objects. You can also make use of keyboard pieces to make a pencil holder. It is really all up to your imagination and creativity.
I learned that there are many free websites and apps that give you the opportunity to create your own 3D objects. Tinkercard and Blender are easy to use and great for beginners. Autodesk Meshmixer is also free and fun to work around. However, there are apps that require payments but still provide great access to create your work. Like Autocad and Solidworks, both software packages cost a lot.
I learned that it is best not to be specific when firing someone. You should generally explain the situation, but do not get into the details and keep it short.
I learned that there is much to consider when choosing a spot for commercial renting besides weather and customer aspects. For example, bugs and insects play a significant role in the sanitation and well-being of the environment. You wouldn't want a spot that attracts rodents or mosquitos. Also, nearby stores can influence what customers that can visit your store. For example, your liquor store would have a lot of customers if the street is filled with bars and clubs.
In today's lessons, I've watched many videos of young entrepreneurs who have a regular 9-5 job but also have a small business. Their vlogs show how they use their free time to maintain their online business and can still proceed with a full-time job. This can be done because they plan out their schedules daily. I also learned about the hard and soft skills that you learn from jobs. Hard skills are plain knowledge like learning how to code and making bread. Soft skills come from interactions in real life like communication, leadership, and problem-solving.
I learned that your stress should be vented on a single person because they can be negatively affected by it. Instead, you can try mediation to ease the mind and decrease stress. Also, I learned that turning off your cell phones is the biggest step in managing time because they are a huge distraction in life. By creating time sheets on what you plan to do for the day, you can avoid procrastination and get things done on time.