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      "author": "steemitboard",
      "body": "Congratulations @rashkim! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@rashkim/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@rashkim) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=rashkim)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/steemitboard-witness-update-2019-05\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/7CiQEO.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/steemitboard-witness-update-2019-05\">SteemitBoard - Witness Update</a></td></tr><tr><td><a href=\"https://steemit.com/steemmeetupaachen/@steemitboard/steemitboard-to-support-the-german-speaking-community-meetups\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmeoNp9iCaCfd2D6TqnWa3Aky2mU4Fm3xaSmjTM91YoNBS/image.png\"></a></td><td><a href=\"https://steemit.com/steemmeetupaachen/@steemitboard/steemitboard-to-support-the-german-speaking-community-meetups\">SteemitBoard to support the german speaking community meetups</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "so there is this tragedy that happened with the Ethiopian  airline that killed everyone on  board and it got me thinking about airline safety. \n\n what if they  could  build planes with ejectable seats  where in case of a plane malfunction, the passengers would only need to eject them self from their seats thus  ensuring their safety.\n\nthat would  save a lot lives   and increasing their chances of survival..\n\nwhat is your thought on this?",
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      "body": "1. It’s a gamble most of the time\n\nICO and cryptocurrency remind us of the dot-com bubble, when anyone with a Powerpoint could raise millions of dollars without customers or even a product (how ICO market has grown). Change dot-com to ICO, substitute Powerpoint for whitepaper, and multiply the hype and you get an idea of the ICO market today.\n\n2. Invest money you can afford to lose\n\nIf you could buy a $500 ticket that gives you a 5 percent chance of winning $10,000, would you buy it? It is helpful to think of ICO investment in terms of this problem. How much money would you be willing to lose with a small chance of reaping a large reward (Thinking Fast and Slow, a book by Daniel Kahneman, provides many examples of how we decide on gains and losses).\n\n3. Do not borrow or use credit to buy crypto\n\nSince ICO is a risky investment, borrowing money and using credit to invest in Bitcoin or ICO is crazy. Prices for all cryptocurrency are tied to the price of Bitcoin or ETH. Since there are only few places where you can exchange major coins into cash (Coinbase is the largest) the market is prone to a rapid sell off. During the sell off, networks are overloaded and transaction times increase. Coinbase becomes one of the biggest bottlenecks.\n\n4. Avoid being scammed\n\nScammers are part of the ICO process. If you’ve participated in the ICO process, you know how crazy the Telegram channel becomes. Scammers try to appear as admins or company representatives and lure you into sending coins to the wrong address. Some create admin-like posts in public chat in hopes that someone will get confused and send their funds to the wrong address.\n\nLearn the rules of the particular ICO and double and triple check everything, especially if the ICO is at night. The Telegram channel is the preferable way to communicate during the ICO. Most companies announce ICO rules and policies using pinned messages in the group.\n\n5. Improve security\n\nYour private key is the only way for you to ever recover your wallet (and your funds) — period. Minimize the use of centralized wallets such as Coinbase. Use a decentralized wallet, like Trust, that doesn’t store your private keys on their servers. Use encryption software, like 1password, to protect your private key.\n\n6. Regardless of craziness, blockchain technology has a great potential.\n\nThe dot-com bubble didn’t kill the internet and internet startups. Yes, many companies died and many investors lost their money. It happened because founders, investors, and other players on the market forgot about the fundamentals — customers, product, and revenue. This is what happens now in ICO. People invest in companies that don’t have products, customers, or revenue. What even most important is that we invest in ideas we hardly understand. And we do that only for a small chance (or hope) of making a quick buck.\n\nTo learn more about ICO and cryptocurrencies, check out an amazing list of articles and resources gathered by the Andreessen Horowitz team.\n\nI’m looking forward to more stable and mature ICO markets, where legitimate companies will build legitimate products by improving technology and applications behind blockchain.",
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      "body": "It is a big world but its just getting bigger. Dreams come and eradicate themselves faster than a cockerel on a running spree. I had dreams of being a doctor, engineer, pilot, lawyer and a businessman all at the same time as if it was as easy as eating a sandwich.\n\n  ![dreams.jpg](https://steemitimages.com/DQmepNEjEbwYW8UHMjYRJf7pFXsqqtKhKUgVcaYrfbw9eUK/dreams.jpg)\n\nLittle did I know that my tabular rasa was just the tip of the iceberg that lurked ahead of me. The  roads seemed misty and fogged up but I could still hear the  tick tock enumerating from this tyrant known as time.\n\ntime.jpg\nIndeed time and tide waits for no man I guess that’s why the world is referred to some as No- man’s land.\nWhile growing up I eventually centralized my thinking and focused on one career goal.to be a dreamer. Yes indeed. My work would be just tabulating and simulating possible job outcomes.\n\n                Crazy you might say. But it’s a crazy world out there , why not be the craziest of them all. Since everything about life was vague I took into consideration being a parent.\n      Imagine a 10 year old a father. The gods must be crazy I tell you. At 10 years old I had  4 kids to look after. Meeny, miney,moana and mooh. They were my aunt's  quadruplets left under the “ tender”  yet incoherent hands of a miniature father figure. That was me.  We sang songs.. rockaby baby don’t you cry, roll your boat  gently down the stream… merrily merrily merrily.. life is but a dream!\n\n![westworldeggsfeatured5-780x438_rev1.jpg](https://steemitimages.com/DQmZhJGk7aHHz1oKhtye24PPJqFWbt1y6XKKAQRUzbR7vcr/westworldeggsfeatured5-780x438_rev1.jpg)\n       \nIndeed life was full of ups and downs for those quadruplets down the stream. Just 3o minutes with the kids made me feel like I had gathered 30 years of experience of parenting. The incessant wailing and crying. In fact at one point it seemed like an opera show with me as the maestro where they cried in turns.\nBut this act did not last for long as neighbors stormed into the house with perplexed looks stunned by the turn out of things.little did i know that this  was just the beginning of my shortcomings.........(to be continued)",
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      "body": "It is a big world  but its just getting bigger. Dreams come and  eradicate themselves faster than a cockerel on a running spree.   I had dreams of being a doctor, engineer, pilot, lawyer and a businessman all at the  same time as if it was as easy as eating a  sandwich.\n\n      ![dreams.jpg](https://steemitimages.com/DQmepNEjEbwYW8UHMjYRJf7pFXsqqtKhKUgVcaYrfbw9eUK/dreams.jpg)\n\n    Little did I know that my tabular rasa was just the tip of the iceberg that lurked ahead of me. The  roads seemed misty and fogged up but I could still hear the  tick tock enumerating from this tyrant known as time.\n\n\n![time.jpg](https://steemitimages.com/DQmbDEuxx4hrXgURdgCnBnWwwcG8voPAuxY7xYp4cKMh1N3/time.jpg)\n           Indeed time and tide waits for no man I guess that’s why the world is referred to some as No- man’s land.\n     While growing up   I eventually centralized my thinking and focused on one career goal.to be  a  dreamer. Yes indeed. My work would be just tabulating and simulating possible job  outcomes.  \n\n                    Crazy you might say. But it’s a crazy world out there , why not be the craziest of them all. Since everything about life was vague I took into consideration being a parent.\n          Imagine a 10 year old a father. The gods must be crazy I tell you. At 10 years old I had  4 kids to look after. Meeny, miney,moana and mooh. \n    They were my aunt's  quadruplets left under the “ tender”  yet incoherent hands of a miniature father figure. That was me.  We sang songs.. rockaby baby don’t you cry, roll your boat  gently down the stream… merrily merrily merrily.. life is but a dream\n![westworldeggsfeatured5-780x438_rev1.jpg](https://steemitimages.com\n/DQmZhJGk7aHHz1oKhtye24PPJqFWbt1y6XKKAQRUzbR7vcr/westworldeggsfeatured5-780x438_rev1.jpg)\n\n   Indeed life was full of ups and downs for those quadruplets  down the stream. Just 3o minutes with the kids made me feel like I had gathered 30 years of experience of parenting. The incessant wailing and crying. In fact at one point it seemed like an opera show with me as the maestro  where they   cried in turns. \n     But this act did not last for long as neighbors stormed into the house with  perplexed looks stunned by the  turn out of things.little did i know that this was just the beginning of my shortcomings...........................(to be contd)",
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      "body": "Regardless of the niche that you are trying to penetrate, the beginning is bound to be difficult  and most startups barely survive.\nLet’s face it; you are not the only person in your niche with a great business idea. Despite that, what really matters in business success is not the strength of your idea, but the strategies that you employ to make your business a success.\nWith about 90% of businesses failing within the first five years, it is clear that the odds are stacked up against you. To be part of the successful 10 % of businesses that live long enough to make considerable profits, you need to be smarter than your competitors.\nHere are 4 crucial things you need to do to ensure that every step of your startup gets you closer to reaching its full potential (and maybe making you millions while you’re at it).\n1. Build a solid business plan\nA business plan is a document that elaborates your plan to achieve your business goals.\nIt all starts with the goals. Important goals that you should define when creating your startup include;\n•\tDefine your customers and locate them\n•\tBuild your product\n•\tLaunch your product\n•\tMilestones to reach before your launch\n•\tReach x amount in revenue by y number of years\nWith a list of the goals you want to achieve and the timeline you want to achieve them in, it’s time to start creating a plan. What steps will you take to bring you closer to your goals?\nA plan helps you have a clear picture of the decisions you’re going to take, the resources you are going to need and the potential setbacks that you may face.\nBy creating a formal business plan, you are increasing your chances of success by up to 16%. By failing to plan first, you’re setting yourself up for failure.\n2. Create a product your customers need\n42% of businesses fail due low market need.\nDoes your product or service fill a need in the market? Are there people who are willing to buy your product?\nLet’s face it. One of the key motivators behind your startup is making money. If you’re not making money, how will you pay your bills?\nOne of the biggest blows your startup can suffer after you’re up and running is to run out of product demand.\nProduct demand drives sales. Without customers who need and want your product, you’ll have no one to sell to, and you’re headed down a path that leads to failure.\nTo ensure that your business remains profitable, you have to ensure that what you’re offering your customers is in demand and that it’s good enough to give you an edge over your competitors.\nHow do you create a product that’s profitable? Do market research. It’s that simple.\nBefore launching your startup, you need to invest a lot of your resources into knowing who your target customers are, what they need and where you can find them. If you realize that your product isn’t in demand, you can go back to the drawing board and figure out what to do.\nAccording to The Balance, Market research shows you where the opportunities are. This means that even before you launch, you’re destined for success.\n3. Spend within your means\nBad spending habits guarantee that you will fail in future. This is true in life and business as well.\nSimple math proves that if you spend more than you’re making, you’ll eventually run out of resources.\nDuring the first few months after launching, many business owners lose track of their spending. There is too much to do, and too little time to take inventory of everything. They spend way too much of their money of non-essentials, and in the long run, they realize too late that they’ve run out of cash.\nWhen you start a business, it’s very easy to imagine you’re going to make profits within the first month, but that isn’t always true. Most startups rely on their capital for a few months before they start making money. \nTo ensure that you are spending the right amount of money, come up with a list of your business’s essentials. Everything else can wait until you’re more financially grounded.\nDo you need to hire more employees to survive? Do you need bigger office space? Do you need paid vacations for your team? The key thing is to identify what you need to survive and only spend just enough money on that. The key  goal is to prioritize  the essentials.\n4. Maintain a healthy cash flow\nAs your startup grows, you’ll need money to invest in big projects that take you the extra mile.\nSaving and reducing your budget doesn't cut it. You have to have enough money to fall back on when you need to make a huge financial leap such as venturing into a new market or introducing a new product.\nTo keep growing, you need to maintain a strong cash flow. This means that the money coming into your business should be more than the money going out. It has little to do with spending within your means and has everything to do with increasing your assets, resources, and value to ensure that when you need to grow, you have the necessary resources to finance it.\nWhen your business is making just enough money to survive, but not enough money to grow rapidly, you need external sources of money. There are two ways to get the funding you need.\n1.\tFind investors to back you up. Business investors are always looking for growing startups that show promise in making them money. If you have a great product and an elaborate business plan, it’s not hard to find investors to invest in your startup. Relying on investors allows you to focus on growing your business without worrying about where you’ll get the funds to grow your startup.\n2.\tTake a loan. Taking a loan from a friend or a family member can ruin your personal relationships if your startup fails. This is why about 8% of all startups use business loans as their primary source of funding. To ensure you succeed, do some research on local firms or banks that offer small business funding in the form of loans. You’ll need the loan to invest into your business and then pay the loan off when your business picks up and starts generating profits.\nFinances are a tricky topic for most startup founders. It’s a good habit to know where you’ll get your funding from even before you need the money. It’ll help you look for the best solutions available and avoid last-minute mistakes. \nIn summary\nThe lifeline of startup success is the decisiveness  of the founder. For every startup that succeeds and blossoms into a profitable business, there are hundreds of others that launched and failed, and others that no one will ever hear about.\nDon’t let your startup fail. 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