When you’re running a business, and looking to make decisions about the future, you need to feel confident that you’re making the right choices. Founders and CEOs are under a lot of pressure – this stress is well known and easy to understand: people’s salaries (and therefore whole lives) are resting on your ability to make a good choice and keep your business profitable. It’s this stress that goes some way to explain the high wages CEOs and other executive level personnel can command.

Shoring up your decision-making processes with objective data can lift some of that burden from your shoulders: data about the market, about your customers, about your rivals in the industry give you a foundation of fact you can base your decisions on, and even the ability to predict the outcome of the choices you’re making.

Unfortunately, you likely don’t have time to become an expert on statistics and data interpretation as well as in your industry, your employees and your clients. Trying to perform your own data gathering and interpretation will simply stretch you too far, and leave you unable to do your job effectively. As a CEO or founder, it’s your role to take high-level decisions that steer the future of the company, not become mired in minutiae. What you need is expert help.

Brand intelligence companies and market research firms don’t just perform surveys. While this is a vital function they can help you with – your reach only extends as far as people who’ve already chosen to shop with you, come into a branch of your business or otherwise share their contact details with you, while market research specialists have access to a cross section of your entire potential market – it’s far from the only thing they can do for you.

One of the most important functions a good market researcher will perform for you is the interpretation of data. If, at the end of a research project they simply present you with a spreadsheet showing how people responded to your questions, they’ve left the job half done. What you need are insights: interpretations of that data that even a non-expert can understand and use to inform their business decisions. Extracting insights from a dataset means connecting multiple results to create a ‘story’ that tells important things about your customers, and that you can use to supercharge your decision-making and make sure you’re heading in the right direction for success.

Electronic sports, meaning digital games, are fun to play and have also become suddenly mainstream. It’s not just the nerds in their moms’ basements who play video games anymore. The popularity of multiplayer video games, such as Halo and Overwatch, have given rise to an eSports sector that is akin to major league sports in its profitability. The sector is predicted to surpass the billion-dollar mark in 2018. By 2020, eSports would have revenue similar to European Ligue 1 football. While the sector currently lags behind NFL or MLB in terms of revenue, it’s catching up fast.

This is a trend that even entrepreneurs and traditional investors, like Jason Sugarman, have been closely observing. Mr. Sugarman, a private equity investor with decades of experience, has made investments in the major eSports league Team Liquid. It paid off when Team Liquid recently won the annual Dota 2 championship and took home a winning prize of more than $10 million. The sector is definitely showing amazing opportunities for both sports and tech investors. If you are interested in making money through eSports, here are several tips for doing so:

Invest in a Well-Regarded Team

Investing in eSports can be similar to investing in regular sports, in that people can place money on teams, explains Jason Sugarman. As he did with Team Liquid, small-time investors can find a great team to invest in. A good eSports team would have a great dynamic between players and a history of winning. Observe the team for talent and see what type of talent the team displays toward the game. Finding teams specializing in a game or two would be better than teams that play in everything.

Consider Star Players

Unlike traditional sports teams, eSports teams are not contract-bound as of yet. Therefore, some teams may see players come and go frequently. If this puts you off investing in a team, then consider investing in star players. There are definitely star players in the sector who perform incredibly on many teams. Investors can back these players and win as they do. It’s not so different from investing in a star player like Ronaldo.

Don’t Forget the Merchandise

Merchandising is extremely strong in eSports, perhaps even more so than in traditional sports. Investing in merch is definitely a great way to earn excellent returns in the sector. But don’t bet on traditional merch like T-shirts and caps, though they matter as well. Digital sports fans are more likely to purchase tech-oriented merch, like supporting apps or gear. Investors can definitely earn a killing with tech gear in the eSports sector. Keep in mind that the console market is growing, which indicates a significant uptick in the type of merch eSports fans prefer.

There are also eSports stocks to consider. E-sports stocks are a great way to invest traditionally in a non-traditional sector. The stocks belong to companies that develop games like Activision or Blizzard. If a game does well, the company stocks go up. In general, invest in the stocks of companies with legacy titles that have remained popular for years. For example, Microsoft’s Halo is a lucrative legacy title. Blizzard has a number of titles, including Overwatch, Hearthstone, and Starcraft, which have remained popular for decades. If the informed predictors are right, then stocks of these companies will dramatically rise in the coming years.

A trust entity is a structure that a trustee can use to carry out business on behalf of an individual to administer, manage, and transfer assets to beneficiaries. The trustee can be a person or a business. Many people create trusts so that they can transfer property or money to beneficiaries without probate. Trusts are also a great way to increase privacy, avoid estate taxes, and protect property from creditors. If you have more questions about how trusts work or how to handle taxes for a trust, keep reading.

Two Types of Trusts

 

There are two different types of trusts:

• Revocable trust: This trust includes provisions that may be changed or terminated by the grantor (the person who creates the trust).
• Irrevocable trust: A trust that can’t be terminated or modified unless there is permission given by the beneficiaries. When a grantor creates this type of trust, he or she gives up ownership rights to the assets inside of it.

No matter which type of trust is established, there are advantages for liability, assets, and income distribution.

Paying Taxes for a Trust

 

If you’re a trustee, you have a lot of responsibilities. You must pay the expenses incurred while administering the trust. These costs may include trustees’ fees, accounting fees, and taxes. If you are administering a revocable trust, you will use the grantor’s Social Security number for tax identification purposes. However, a separate tax identification number such as an EIN is required for irrevocable trusts.

Administering a trust and obtaining a tax ID number for it can be confusing. But with IRS-EIN-Tax-ID Filing Service, you can easily apply for a trust tax ID number online. If you need to find the existing number, you can conduct a tax ID number lookup. If you have more questions about trusts and taxes, contact the team at IRS-EIN-Tax-ID Filing Service for answers.

 

Becoming a profitable day trader is possible. All it takes is the willingness to learn about proven day trading strategies and incorporating them into your daily trading. Warrior Trading, a day trading education site with a great track record can be the ultimate place to learn these strategies.

All it takes is a willingness to study hard and put in the time. The online courses can be viewed over video and you can spend time in a day trading chat room with veteran traders who are implementing these trading techniques in real time and with actual money on the line. Seeing them in action, calling out their positions and stops, is a great way to get better at day trading.

Read on to understand these day trading strategies.

Momentum Day Trading

When you take day trading classes, you want to learn first about momentum trading strategies from the best interactive brokers in the business. That is where you find hot stocks about to take off and ride the momentum during one single day of trading to decent returns. The small profits of 5-10% might not sound like much, but finding many of those stocks in a single day and playing them right is a great way to lock in profits.

Swing Trading

Swing trading is very similar to momentum strategies, but in that case, you tend to look at stocks that can make moves in a few days or a few weeks, as opposed to that day. A great way to look at this would be to examine mining company stocks in advance of big government regulations about to be passed that affect the mining industry. The movement in mining stocks could provide an opportunity.

Reversal Trading Strategies

If there are no hot stocks out there in the morning that you like, then the time is ripe for reversal day trading strategies. The reversal trading strategy can produce the highest profit/loss ratio out of all Warrior Trading strategies. It all has to do with tight stops. If you have a tight stop when you are buying at the bottom of the price or shorting off the top, it is easier to get the higher profit/loss ratios.

Of course, the most important way to implement these trading strategies is with a healthy understanding of risk management and how you need to stay unemotional and rational while trading. The volatility of day trading is an opportunity for profits, but only if you use it correctly.