Steve Sorensen Networth

The lure of Bitcoin -- Steve Sorensen networth For the past couple of years, more and more people these days are showing interest in the cryptocurrency business. Some people have invested a sizeable chunk of their savings in Bitcoin and are now reaping the rewards. Today, Bitcoin is valued at around the $7,000 mark. Mysterious and lucrative -- Steve Sorensen net worth While cryptocurrency isn’t everyone’s cup of tea, many are intrigued as to how the digital asset works. For some, the digital currency is as mysterious as it is lucrative. But there are also those who noted that blockchain technology, the technology that cryptocurrency is built on, is actually limited and will one day cease. But this impending scenario hasn’t stopped investors. In fact, more people are still looking to invest in Bitcoin and any other cryptocurrency available. Steve Sorensen net worth . This branch of fintech or financial technology has affected the global banking industry in more ways than one

You can actually calculate a company’s liquidity ratio and devise ways to improve it, according to business graduate and Networth blogger Steve Sorensen. Liquidity refers to the business’s ability to meet its financial obligations as they arrive. There are several ways that it can do this and satisfy these different obligations, including tackling overhead, unproductive assets, and overall profitability. Reducing overhead These costs can include things that don’t necessarily produce a profit, or only do so indirectly. It could be rent, utilities, professional fees such as industry memberships, and insurance. You can, for instance, negotiate a better rate for long-term insurance or implement steps to lower electricity costs in the office. Shedding unnecessary assets or using idle funds It’s best to shed assets after they no longer produce a profit. It could be a small building that stores used assets or equipment. Instead of paying for the building’s upkeep, the business can open