The best platforms for e-commerce payment
To have a successful platform, one needs to ensure that customers and users can easily get around the site to purchase items, pay for them and have them delivered conveniently. Running a local business that has clients from around the world can be a payment nightmare. One needs to look for a secure and convenient method to receive payment. One of the ways of doing so is setting up foreign currency accounts that allow owners to trade in the preferred currency whether pounds Sterling, euros or dollars so as to minimize the risks involved in conversions for their clients. Most banks have started giving foreign currency account options as part of their online banking strategies which are available 24/7, making it convenient if you are trading with countries with time differences. In addition, this payment details can be accessed easily from your mobile phone. Using the bank’s swift code takes about three to five working days for the money to be received, thus can be ore inconvenient. Another trending e-commerce payment is use of credit cards. However, the card infrastructure in the country is complex and sensitive. Most of the cards are also not open to online transactions, if one is trading offshore, this could be an option within the platform for either MasterCard or Visa cards.
3 big mistakes you’ll make as a first-time entrepreneur
1. Don’t hire unqualified early employees.
Chat with more experienced entrepreneurs and people currently doing the job that you’re hiring for at another startup to properly understand the qualifications for the role. Talk to anyone who will give you advice. They’ll help you identify the right skill sets and help you set key performance indicators and deliverables for the role, allowing you to hire more effectively and gain proper expectations. Also, even the earliest employees are helping set company culture. Your early employees must have the right skills, but equally important they must have the right personality and attitude to help you build the company and environment that you want to create.
2. Find a co-founder.
Going at it alone with no experience can be difficult on all fronts. When it comes to startups, it’s true that two heads are better than one. Don’t start your company alone. While owning 100 percent rather than 50 or 33 percent may seem appealing, you’re probably increasing your likelihood of owning 100 percent of nothing.
3. Don’t protect your ideas — share them.
Sometimes people get it wrong in this area. They spend valuable time and money working to protect my ideas and strategies for implementation, thinking someone might try to copy them. What I know now is ideas aren’t as valuable as they seem. Rather, it’s the ability to execute that’s valuable. No one is going to steal your idea because no one is as passionate about reinventing the moving process. In fact, hundreds of people probably already have your idea, but couldn’t or wouldn’t execute it. If you have the right passion and determination to do it, you may need the advise to help you execute these ideas.