Log of what of Louis Yeboah Balmir has learned at Techie Youth

Fri. Aug. 12, 2022

How to use credit

Today at techie youth I was informed about how credit cards

^ this is beneficial because when the property is file, you can still recover funds plus make profit because property is an asset (it appreciates in value)

Thu. Aug. 11, 2022

Dealing with Anxiety

When you face anxiety, nervousness, fear, or worry, try the following technique: imagine all possible negative consequences of the situation you are confronting. Then, conceive of the worst outcome, even if there’s little chance events will turn out that way—imagine everything that could go wrong, in the worst possible way. Envision the worst outcome

When you exaggerate your fears and imagine the worst thing that could happen, you make your impending fears look unreasonable. You will realize that even the worst possible scenario isn’t so terrible after all. Often, this deliberation—and your sense of humor—usually restores your perspective on the anxiety you’re facing. You’ll realize that, at the worst, nothing that could happen to you is ultimately that significant.

Tin order to get rid of anxiety, you must first embrace it.

Ask yourself, “What's the worst that could happen”. It is beneficial to contemplate potential misfortunes in advance and reinstating emotional calm through positive affirmations. This classic technique of the Hellenistic world in due course laid the foundation for exposure therapy where anxiety is treated via exposure to stressful events either in vitro (in the laboratory of the mind) or in vivo (in real life.) Russell provides this explanation of exposure therapy:

Worry is a form of fear, and all forms of fear produce fatigue. A man who has learned not to feel fear will find the fatigue of daily life enormously diminished. … The proper course with every kind of fear is to think about it rationally and calmly, but with great concentration, until it has been completely familiar.

Wed. Aug. 10, 2022

Profit Model

Today at techie youth I learned about profit models

A profit model refers to a company’s plan that aims to make the business profitable and viable. It lays out what the company plans to manufacture or provide, how sales will be generated, and all the expenses that the business will incur in a bid to make the model viable. Without a concrete profit model, the business will be operating blindly and will be much less likely to become profitable.

Types of Profit Models

There are various types of profit models, depending on the activities the company performs and how it charges for such activities. The different profit models include:

1. Production model

The production model involves the creation of a product or service for sale to consumers. The company purchases raw materials for use in the production process, then adds value to the product in order to obtain a finished product.

The product is then sold directly to the consumer or to a wholesaler or retailer who then resells the product to consumers. An example is a soap manufacturer that sells its finished products directly to customers or wholesalers who resell the product to consumers.

2. Rental/Leasing model

The rental/leasing model involves such things as renting or leasing of motor vehicles, buildings, machinery and equipment, land, office furniture, and computers. For example, a landlord and tenant enter into an agreement where the tenant agrees to pay a certain fee for the temporary use of the housing asset owned by the landlord.

After the expiry of the lease or rental period, the property reverts back to the landlord.

3. Advertising model

The advertising model involves providing an advertising space that businesses can use to promote their service and product offerings. An advertising model is mainly used by media companies that provide free information to the public and rely on advertisements to generate revenue. They sell advertising space in newspapers, magazines, television, websites, and mobile applications.

4. Commission model

The commission model generates revenues by charging a fee when it offers a service to another party. An example is a brokerage or an auctioneer that acts as an intermediary between two parties. The intermediary then charges a commission depending on the value of the transaction.

Tue. Aug. 9, 2022

The roles of a Product Manager

Roles of a product manager

Researching

Settle product vision

Communicating vision to stakeholders

Developing strategic plan

Creating and maintaining product roadmap

Mon. Aug. 8, 2022

Places to newtwork

Today at techie youth I learned about the best places to network

These places include the following

Volunteer Opportunities - Volunteering is a great way to build a resume, but also a fantastic way to meet other folks.

Job Fairs - This is one of the best places to get some face time with employers and fellow job seekers.

Sporting Events - Sports are a perfect common ground to help break the ice.

Community Events

School - If you’re in school or even if you’re just picking up your child from school, get to know the other students and parents.

Networking comes down to being in the right place at the right time. You can network practically anywhere. As a college student, majority of the last few years has consisted of me networking at my university. I think a key component in knowing how to network is establishing self confidence and knowing how to communicate and articulate thyself.

Sun. Aug. 7, 2022

Quality Assurance: Software Engineering

Today at techie youth I learned about software engineering

Th guidelines listed below is recommended to be followed while testing the software

1) Development team should avoid testing the software

Testing should always be performed by the testing team. The developer team should never test the software themselves. This is because after spending several hours building the software, it might unconsciously become too proprietorial and that might prevent seeing any flaws in the system.

2) Start as early as possible

Testing should always starts parallelly alongside the requirement analysis process. This is crucial in order to avoid the problem of defect migration. It is important to determine the test objects and scope as early as possible.

3) Testing must be done with unexpected and negative inputs

Testing should be done with correct data and test cases as well as with flawed test cases to make sure the system is leak proof. Test cases must be well documented to ensure future reuse for testing at later stages. This means that the test cases must be enlisted with proper definitions and descriptions of inputs passed and respective outputs expected. Testing should be done for functional as well as the non-functional requirements of the software product.

Fri. Aug. 5, 2022

How to earn immediate income

Today at techie youth I learned how to earn immediate income online.

One of the main ways that stood out to me was getting paid to write greeting cards (I’m still not sure as to why I haven’t come up with this

Birthdays and holidays are all year round ! On average , most companies pay between $20-50 USD per card that is accepted.

The only thing to be mindful of is to be convivial and always to prioritize dictions (whether writhe a one-liner or a poem)

Other ways of earning money online include

My only concern about the following ways to earn an income online is the fact that so many people are already doing it. More over , as artificial intelligence becomes more advanced, some of the jobs listed above won’t need actual humans (like converting audio to text)

Thu. Aug. 4, 2022

Writing and Content Creation

Today I learned about freelance writing

Freelance writing is the practice of writing for money while working on one's own an don't being employed but a company or organization

Freelance writers produce whatever written text is needed by their clients either working from home or inn a rented office space.

Freelance writers are often business owners because they must form a business such as an LLC, to separate their personal finances from their business finances.

Freelance writers compose whatever texts their clients need. That is the creative side. But , freelance writers often work like nay other business spending part of their tiny seeking new business and the other part of their time staying on too of record-keeping,

Freelance writers get paid through invoices and other electronic forms of payment such as PAYPAL.

Wed. Aug. 3, 2022

How to Obtain Funding

Today at techie youth I learned the the importance of funding and how to obtain it.

Firs toyu have to determine how much funding you'd need

Every business has different needs, and no financial solution is one-size-fits-all. Your personal financial situation and vision for your business will shape the financial future of your business.

Funds can be provided from investors, through loans, or even self-funding.

SELF FUNDING

INVESTORS

Venture capital differs from traditional financing in a number of important ways. Venture capital typically:

LOANS

To increase the chances of securing a loan, you should have a business plan, expense sheet, and financial projections for the next five years. These tools will give you an idea of how much you'll need to ask for, and will help the bank know they’re making a smart choice by giving you a loan.

Tue. Aug. 2, 2022

Basic Principle of Product Marketing

Today at techie youth I landed about product marketing.

"Product-Market Fit" is a terms based that basic;;y describes creating something that people are looking for.

For example, a new entrepreneur should focus on creating there service or product from a "what do people need?" viewpoint

Examples of need based business include tax insurance, life insurance, food (people are always hungry), automotive (although a car is a liability and not a "necessity",it it still needed even by non-car owner.. example seen when people pay for a Lyft or uber.

Two common mistakes that result in fatal danger for new startups include

1) Building a finished product and trying to get traction. This involves burning too much money on building a complex solution before there is proof of a need in the market.

2) Rushing to get ahead and launch a product to market. This involves burning too much money on acquisition channels before you prove the solution has a product-market fit.

Sat. Jul. 30, 2022

How to Fundraise

Today at techie youth, I learned about fund raising.

A fundraising appeal is one of the first impressions your donor will have of your cause and ultimately determine whether or not they choose to support you.

Sometimes, donors will not have the time to be able to talk over the phone. During this situation, you may have to email them your pitch instead. It may be more difficult to obtain a response from donors because of the lack of interaction; however, it is achievable.

When having a conversation with your donors, one way you can persuade them is by story-telling. This method of persuasion pulls a person towards their emotional side and can provide for a different strategy.

One popular method of online fundraising is crowdfunding. This can help you reach a large population with a simple online platform.

Also , social media can be used as a way to raise awareness and attract more potential donors

Fri. Jul. 29, 2022

Types of Stock Orders

Different types of Stocks & Orders

Today I learned about types of stocks and orders in which an individual can make. For example, there are two types of stocks known as common and preferred stocks. The only difference is the fact that when own a share in the company’s profits as well as the right to vote. Common stock owners may also earn dividends — a payment made to stock owners on a regular basis but those dividends are typically variable and not guaranteed. As for preferred stocks, which are frequently compared to bonds, It typically pays investors a fixed dividend. Preferred shareholders also get preferential treatment: Dividends are paid to preferred shareholders before common shareholders, including in the case of bankruptcy or liquidation.

Types of stock orders include:

A market order

A limit order

A stop order

A buy stop order

Thu. Jul. 28, 2022

Digital Marketing

Today at techie youth , I learned about digital marketing

Digital marketing is the use of the Internet, mobile devices, social media, search engines and other channels to reach consumers.

Marketing can take many forms, including email marketing which reaches clients directly with written leads.

Email marketers are in charge of the following

Creating and monitoring a wide variety of email marketing campaigns

Ensuring design and layouts of emails are optimized, user and mobile-friendly

Proofreading key messaging in and out of email templates

Sending graphics requests to designers

Compiling email lists

Purging email lists

Securing email databases for future campaigns

Skills needed for digital marketing include:

Wed. Jul. 27, 2022

Digital Nomad

Today any techie youth, I learned what it means to be a digital nomad.

Digital nomads are remote workers who travel to different locations on a regular basis. They use modern technology to work from coffee shops, hotels, co-working spaces, or libraries with Wifi connected to a laptop or smartphone anywhere in the world.

In a way, being a worker at techie youth is an example of being a digital nomad. Being able to work in any location is convenient because it allows the person to not only make a source of income but to also be able to live life.

Digital nomads usually have a schedule that is rather flexible.

Tue. Jul. 26, 2022

Health and Productivity

Today I techie youth I learned about the importance of physical exercise in one’s mental health. As a man thinketh , so is he. We are what we eat. Not only does exercise (such as cardio) aids in the facilitation of blood flow , it also puts the brain to work. In addition to fitness, eating healthy can have positive effects on the brain. For example, foods high in omega three fatty acids (such as salmon) is very good for the brain.

In addition to exercise and diet, the body needs rest. It’s recommended to get a full 7 hours of sleep give or take.

Mon. Jul. 25, 2022

Software Testing

Today at techie youth, I learned about software testing

Software testing life cycle is a sequence of different actives performed during the software testing process.

In the initial stages of STLC, while the software product or the application is being developed, the testing team analyzes and defines the scope of testing, entry and exit criteria and also the test cases. It helps to reduce the test cycle time and also enhance the product quality.

Different Phases of STLC (Software Testing Life Cycle)

1)Requirement Analysis

2) Test Planning:

In this phase manager of the testing team calculates estimated effort and cost for the testing work. This phase gets started once the requirement gathering phase is completed.

3) Test Case Development:

In this phase testing team note down the detailed test cases. Testing team also prepare the required test data for the testing. When the test cases are prepared then they are reviewed by quality assurance team.

4) Test Environment Setup:

Basically test environment decides the conditions on which software is tested. This is independent activity and can be started along with test case development. In this process the testing team is not involved. either the developer or the customer creates the testing environment.

5) Test Execution:

In this phase testing team start executing test cases based on prepared test cases in the earlier step.

6) Test Closure

This is the last stage of STLC in which the process of testing is analyzed.

Sat. Jul. 23, 2022

Entrepreneurship & Business Leadership

Today at techie youth I learned about the true meaning of an entrepreneur

An entrepreneur is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

When creating a business, it is important to have a business model. A business model is a design for the successful operation of a business, identifying revenue sources, customer base, products, and details of financing.

In a capitalist society known as America, it is important for every individual (especially Americans) to be able to have the ability to monetize.

Whether its a product , service or even knowldege... anything can be sold in exchange for. dollar bill.

As mentioned by Napoleon Hill in Think & Grow Rich, everything starts out as a thought. The most successful people are able to convert the thoughts in their heads into its physical equivalent off of having faith, a deep desire, a good business model, a team around them, and proper strategy for execution,

Thu. Jul. 21, 2022

Different types Virtual Assistants

Today at techie youth I learned about different types of virtual assistants

Types of V.A include

Personal Time Management

Bookkeeping is vital for any small business, but it’s often not something that requires a full-time, dedicated employee.

Bookkeeping means tracking receipts, documenting accounts payable and receivable, making sure banking transactions are complete and accurate, logging employee reimbursements, and preparing the documentation to give to the business’s accountant to handle quarterly taxes.

Bookkeeping

Bookkeeping is vital for any small business, but it’s often not something that requires a full-time, dedicated employee.

Bookkeeping means tracking receipts, documenting accounts payable and receivable, making sure banking transactions are complete and accurate, logging employee reimbursements, and preparing the documentation to give to the business’s accountant to handle quarterly taxes.

Scheduling and Correspondence

Schedule management is often among a VA’s most important responsibilities, because the process of setting up calls and meetings — which sometimes require multiple rounds of correspondence in order to lock in each appointment — can easily consume many hours of a workday.

Content Management

Content management entails the scheduling, publication and maintenance of a business’s blog posts, website pages, videos, and so forth. As with scheduling meetings, the process of getting an article ready to post online can be laborious and time consuming — sometimes taking longer than writing the article itself.

Social Media Management

Social media management involves creating and scheduling online content, engaging with customers and potential customers, and analyzing the success of individual posts and full campaigns across various platforms including Facebook, Twitter and Instagram.

Data Entry

Data entry jobs can simply involve transferring data from one place to another, such as from paper to digital and vice versa. But it can also involve research, scouring the web for information and inputting that into a tracker, spreadsheet or database — often by translating what you find into a specific code or format.

Most clients who request data entry work use Excel, Microsoft’s feature-heavy spreadsheet program. The application can be tricky for beginners to learn and can take years to master, but understanding what it can do (and how to do it) can make you incredibly valuable, as you may be able to sort and analyze data in ways your clients don’t even know is possible.

Wed. Jul. 20, 2022

Different types of Data Analyst

Today at techie youth I learned the difference between a data analyst and a business analyst

A data analyst

Business Analyst

In regard to roles , a business Analyst scrutinizes data and assesses requirements from a business perspective related to an organization’s overall system while a data analyst is more focused on the relationship between the organization’s database and the impact it would make when compared with competitors’ data to develop innovative business solutions.

Mon. Jul. 18, 2022

Types of Blogs

Today at techie youth i learned about the ins- and outs of blogging.

When creating a blog it’s important to chose the right type. It should have a purpose, people should know what they’re getting into upon the the first initial read

Different types of blog include

Personal brand blogs

Corporate blogs - which focus on the products r services wit the purpose of increasing traffic for the business

Repair service blogs

Nice blogs

Affiliate blogs

Artists blogs

The counter- culture blogs (

Guests blogs

The list goes on …

The ultimate point is to have an intention before creating a blog and to also be unique

Something new that I learned at techie youth is the fact that podcasts are a type of blog.

Sat. Jul. 16, 2022

Artificial Intelligence

Today I learned about artificial intelligence

In this field , their is a technique known as machine learning. Machine Learning is the technique that gives computers the potential to learn without being programmed, it is actively being used in daily life, machine learning applications in daily life, even without knowing that. Fundamentally, it is the science that enables machines to translate, execute and investigate data for solving real-world problems.

With the deployment of complex mathematical expertise, programmers design machine learning algorithms that are coded in a machine language in order to make a complete ML system. By this way, ML enables us to perform tasks to categorize, decipher and estimate data from a given dataset.

Fri. Jul. 15, 2022

Selling Art Online

Today at techie youth , I learned about selling art online.

When selling artwork on media platforms cuts ever to do the following.

Sat. Jul. 9, 2022

How Databases Work

Today I learned about databases not the internet

A denormalized non-relational database for an e-commerce website would typically create a new record for each user. This record would contain all of the data for that user including their name, addresses, email/password, their order history including the products within each order, etc.

A normalized relational database would split the data into the smallest possible chunks and place each chunk into a table of similar data.

Fri. Jul. 8, 2022

Places where one can Network

Today I not into learned the importance of networking but the places in which I can network

Networking can literally take place anywhere

The key is to never stop networking. Try to strike up a conversation with everyone you meet – the person next to you on an airplane, the guy waiting at the bus stop, the snowboarder riding the chairlift, or the person waiting in line for a new iPhone. Every connection made is important.

Thu. Jul. 7, 2022

How to Advertise Digital Goods

Today I learned about digital goodsThe definition of “digital product” is elastic. Any place you go in the world, and within the 50 states of the US, will have its own version of the definition, making small additions or omissions in what’s considered a digital good.

Example:

Some jurisdictions consider online newspaper subscriptions to be electronic goods, and other places don’t.

Wed. Jul. 6, 2022

E-commerce & Selling Technoglogical Crafts

Today I learned about the benefits of running and e-commerce store. Etsy and Shopify are one of the many platform available to young entrepreneurs who want to sell products such as clothing online.

Tue. Jul. 5, 2022

Different types of Stocks & Orders

Today I learned about types of stocks and orders in which an individual can make. For example, there are two types of stocks known as common and preferred stocks. The only difference is the fact that when own a share in the company’s profits as well as the right to vote. Common stock owners may also earn dividends — a payment made to stock owners on a regular basis but those dividends are typically variable and not guaranteed. As for preferred stocks, which are frequently compared to bonds, It typically pays investors a fixed dividend. Preferred shareholders also get preferential treatment: Dividends are paid to preferred shareholders before common shareholders, including in the case of bankruptcy or liquidation.

Types of stock orders include:

A market order

A limit order

A stop order

A buy stop order