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Online shopping: More lucrative than ever

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I’m business and investment strategy student, Steve Sorensen. I’ve studied how companies have boomed and the people behind the scenes. I’ve also seen how different eras featured different towering industries. In today’s world, no one can discount just how massive the online industry has become. From social media platforms to app markets, it just seems that online is the way to go. Image source: sinuatemedia.com One of the more obvious areas of the internet that’s becoming more lucrative than ever, is online shopping. Financial experts have estimated that by 2021, the growth rate of e-commerce will balloon to a whopping $4.5 trillion. No one can deny the convenience online shopping has to offer. A few swipes and taps has replaced walking in crowded malls all day, jostling for position for that last Gucci handbag, or having to deal with traffic going to these crowded malls. And with delivery services finding new ways to become more efficient than ever, online shopping...
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A quick look at the biggest mergers in history and how they fell apart

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Image source: dayintechhistory.com Mergers and acquisitions in business are not uncommon. However, there are some that have far-reaching implications because of the sheer amount of money involved. As such, mergers and acquisitions are often volatile in nature. We’ve already touched on some of the biggest mergers and acquisitions in modern history. Now, we’re looking at some of these M&As, analyzing how they fell apart, and recalling some of the most important lessons from them. Vodafone and Mannesmann The downfall of this mega-merger can be attributed to the (arguably) unreasonable expectations from Vodafone’s upper management. To put it bluntly, Vodafone execs thought that the combined net worth of the merger would be enough to buy solutions for all the little cracks in the merger. They were wrong. The Vodafone-Mannesmann merger is the perfect example of how ignoring unresolved little issues within a company can potentially cost billions of dollars. ...
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Five tips for a financially healthy 2021

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Image source: forafinancial.com Although many desire to become financially independent, only some are ready to change their lifestyle. Being financially healthy exceeds maintaining a few savings accounts for different purposes. It takes a ton of practice and self-control to achieve financial independence. Steve Sorensen Networth. One should spend less than what they earn . It’s important to create a substantial gap between one’s income and spending in order to increase their savings. Sure, creating the gap is a huge challenge, but it definitely is possible. The key to spending less is to set up a budget . Having a budget in place prevents one from spending their money on unnecessary transactions. A budget can encourage a person to save and reach their financial goals. Steve Sorensen Networth . Image source: thehivelife.com Pay off debt aggressively . Don’t wait until the interest is much larger than the actual amount owed. Credit card debt is among the harshest financi...
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