Log of what of Rosaida Tineo has learned at Techie Youth

Fri. Aug. 19, 2022

Proceed with Caution: The upsides and warning of Options Trading 8/19/2022

The vast majority of online brokers today provide trading options. Typically, in order to trade options, you must apply and gain approval. trading in options still involves fees or commissions. The basic strategies for beginners include buying calls, buying puts, or selling covered calls. options contracts' big downside is that they are complex and difficult to analyze. Because of this, options are frequently seen as a more advanced investment tool, appropriate mainly for experienced investors. They have gained an increasing popularity lately among individual investors. as with any investment strategy, it is essential to conduct research and proceed with caution. Due to the nature of this type of investment, it cabe be common to make great gains on any given day. That being said, the risk is quite high because it requires lots of knowledge and great tools to analyze a stock's potential.

Thu. Aug. 18, 2022

Crypto and its Block chain 8/18/2022

Cryptocurrencies have been around for over a decade. The first to gain popularity was Bitcoin, founded in 2009. Individuals from all over the world seek to gain these coins while they resolve an algorithmic equation. Those people are called miners. This is not an easy thing to do as it requires fast computers, high speed internet and electricity must always run. Bitcoin though, is not the only cryptocurrency out there. There are thousands of them such as ethereum. The concept though, remains the same, eliminating a middleman and managing money without the help of a third party. This is great in most cases as the transfer can be completely anonymous and very secure. That is where the blockchain comes in, this is a system which makes sure that the transaction is secure and cannot be tampered with. Investing in any form of crypto is considered a good investment as long as it is not the only one. That is because its price is mainly based on speculation and no government is intervening to make sure the price fluctuations reflect the company fundamentals.

Wed. Aug. 17, 2022

Tulip mania, cryptocurrency and smart investments 8/17/2022

The tulip mania, sometimes considered one of the biggest bubbles in history, was like no other. Individuals in Amsterdam became obsessed with tulip bulbs and wanted to buy them. The issue was that the demand was higher than its supply and therefore prices skyrocketed. There was no intrinsic value to these bulbs, but even so people were made to believe so. Individuals risked economic security to obtain contracts in order to buy and hopefully sell in the future for quick money. This did not end well though. Many people were left with nothing when the tulip obsession diminished. This can happen and has happened several times in the market. People hype up a stock that has no fundamentals in the hopes of attracting investors which raises the stock price for their personal gain until it bursts. These types of schemes are known as pump- and dump and are illegal. With the use of technology it may be harder to pinpoint these schemes so previous research is super important. The good thing about tech is that alternative currencies were created such as Bitcoin. This is part of the DeFi world and people can make transactions all over the world without intervention from any government institution or bank. Trading requires a lot of practice and prior knowledge. That is why it is important to do research and also be careful with speculating as this can lead to trading mistakes.

Tue. Aug. 16, 2022

Online trading and its many parts 8/16/2022

Trading stocks has been around for over 200 years. Although things were very different back then, the goal remains; buy low sell high. Big investors that have been doing this for decades such as Warren Buffet know that the previous statement is logical and always true. That is why trading with emotions alone and speculation are not good. A good practice to have though, is learning about the fundamentals of the company and making predictions based on this. Rates of return as the name suggests is how much profit has been made over a specific period of time. Usually the best of investors average a 10% return. This may not seem like much, but with more capital and experience any individual can make a living doing this.

Mon. Aug. 15, 2022

Web developing and its many parts 8/15/2022

Web development requires many skills. They usually range from the development itself to making things aesthetic. Both development and design can be learned via online programs and don’t require additional education. The desire to continue learning though, is necessary because computer science and development is always evolving. Back end web developers tend to make more money although when looking into this profession, it is important to choose based on taste and career growth. Domains are the written words for IP addresses and are super important when opening any website. The server has to be secure and therefore even though we don't notice them, there are certificated to prove that a website is really trustworthy.

Fri. Aug. 12, 2022

WWW, HTML, JS, CSS 8/12/2022

The internet is known to most of the world, but a lot has gone into creating what it is today. Web developers are at the forefront of creating websites. They do so by using HTML and CSS to make the websites look sleek and attract its users. This can all be learned through free or online courses. The key to success in this field is to start as soon as possible and always have a learning mentality. Being the best is not the most important but solidifying the fundamentals is the key. Like with any CS field, people can do this job remotely with no problem and is great for folks who do not wish to work in an office or travel while they work. When creating a website it is also important to be mindful of lowercase and uppercase letters. This is because some features might come up as errors. Visually impaired or people who need visual readers also use the internet. That is why having semantics in the webpage is important. This serves as a ramp for them to access the website smoothly as anyone without a visual impairment.

Wed. Aug. 10, 2022

Product strategy ,product development and prioritization as well as the importance of active listening 8/10/2022

In order to be a successful businessman or woman, it is important to know all the issues and possible solutions to logistical problems. That is where product strategy comes in. By definition this is a plan that states how a certain product can help a company make more revenue while staying relevant and solving customers needs. As a business owner it is crucial to know how to prioritize. This can be done by using different formulas or modules. Included in that list are MOSCOW, KANO, RICE as well as value vs. effort and a couple more. No matter which method is used, the most important thing to note is that accurate numbers based on data should be used and gut feelings for the most part should be disregarded. The reason being is that the role of the project manager is to pull out the MVP with the best ROI. Active listening is a skill that does not come naturally to most people. In business, listening to others but truly listening is really important. It pays off in the long run and is one of the most important skills any PM brings to the table. This is because while we all listen to the words being said, an active listener is also concerned with the tone as well as context. This all helps especially when hearing customer reviews and or requests, which in turn adds value to the end product.

Mon. Aug. 8, 2022

You are not the user 8/8/2022

Sometimes we may forget that when learning from UX it is the customer who dictates what they are experiencing and how it affects them. This may be difficult because we are passionate about the job that we do. But when conducting interviews or reading through customer reviews, it is important to be objective and look at the raw data. For that reason, interviews to discuss a product with actual clients are important. They may be hard to schedule but with 30 to 45 minutes one can tell what the company is doing well and how a product can be best fixed to help future customers. These interviews should be recorded with prior consent in order to allow for a natural conversation to come up and build rapport. UX on goods that are provided online or on an app are also important and can be done. A remote interview via video conference can achieve this and the same goes with phone interviews. All forms of speaking with customers on a 1 to 1 basis are great and can help fix issues within a company product before it is too late. But in order to be successful with this it is important to let the customer speak and ask questions based on that. That way they are more open and honest.

Thu. Aug. 4, 2022

Being a PM makes you the MVP 8/4/2022

It is no surprise that creating and building products requires hands-on experience and a lot of responsibilities. A day in the life of a PM can look very different depending on the business or sector. That being said, a typical day will always consist of multiple meetings and getting UX feedback. In order for upper management to then approve the proposed changes, the written style and execution of data feedback must be top notch. Stakeholders are part of these meetings because they give insight into launching the product to a greater scale and for the overall success of the business. Like the video about what a day in the life of a Yelp PM showed, it takes a large team to complete the duties but it is a fulfilling job. Skills needed to be successful in this role include communication and presentation skills. Having a keen ear and knowing business and possible consumer acumen will also help. Having a technical education background allows for a smoother experience and actually many companies have this as a requirement before hiring.

Wed. Aug. 3, 2022

Data analytics/scientists the importance of analysis and RStudio 8/3/2022

The practice of examining unprocessed data to draw conclusions about that information is known as data analytics. A company can improve production, make revenue, or make more generally good decisions with the help of data analytics. Data analytics methods and processes have been converted into procedures and algorithms that work on unprocessed data for direct utilization. There are different types of data analysts which include scientific analytics. It is different though because they make sure that the data collected can be used to examine possible outcome in the future. This is a great tool for any and every business because they can help with foresee issues or even call out how the company or business can keep bettering in order to make more profit or have smoother business operations which help the stakeholders and at the same time the employees. Excel is a great tool for graphics but Python and R as well as RStudio are great. They can collect greater amounts of information but require programming knowledge. Graphics on these platforms are what the current market seeks and can allow for better understanding of information.

Tue. Aug. 2, 2022

Business analyst, VLOOKUP and other Excel functions 8/2/2022

A business analyst's job entails many duties. Their main responsibility though requires constant communication between stakeholders and the IT department. The BA might hold an initial of several meetings in order to determine which functions they believe need improvement or changes and then communicate with the IT department to realize them. This may seem like a simple job but the responsibilities require great communication skills and to have a keen ear in order to understand what is being required. BAs will then write down all the requested changes into a report and ask themselves questions in order to write down the proposal for the IT department to make the pertinent changes. This always requires multiple meetings. A great tool they can use though is Excel. This app or browser extension allows for graphs with detailed information and minimal clutter to be created. One of the many functions include VLOOKUP as well as HLOOKUP. These are all important hard skills to know which add on to experience and value on the resume.

Mon. Aug. 1, 2022

Customer Service Rep, Technical Writing, Intro to Analytics 8/1/2022

Customer service representatives are at the forefront of any position especially with the amount of ecommerce businesses. They are able to answer customer questions and can escalate issues with other employees to allow for better quality service. Most of these jobs can be done anywhere in the world, so it helps when someone who likes to travel or has a better work-life balance. Technical writing is technically the most important form of writing. Well maybe not, but we all need it. This is because manuals and guides as well as product specifications are all written by them. Might seem like an insignificant job, but it isn't. Lets not forget about those individuals who write out recordings from any field such as legal or medical, those people are transcribers. Analytics is a career branch that is well paid and allows growth. There are two types of analysts and they include data as well as business. Data analysts focus on numbers and stats while business analysts are field workers in the sense that they conduct interviews whether remote or in person.

Fri. Jul. 29, 2022

Copywriting, Website building and Blogging 7/29/2022

Copywriting is a profession that is needed in order to successfully run any business. Contrary to what the name might suggest, a copyrights job is to call-to-action. This then leads to more people being interested in the product or services provided. They are able to work for an agency , remotely or do freelance jobs. The most important thing is that since these gigs are always on demand, there is space for growth. Blogging is also very popular. Blogs can be written about anything and everything as long as the topic can be well written and understood. Monetization for this type of job although usually low can be lucrative with additional software. This includes ads and well as link clicks which add to the authentication of the blog, website or content creators platform. E-commerce would not be the same without blogs, websites and the call-to-action which copywriters bring to the table. For that reason whenever starting a business it is important to do research in order to bring as much traffic as possible in order to increase revenue.

Thu. Jul. 28, 2022

Writing is art, art is writing 7/28/2022

Journals, newspapers, novels and magazines are all so common that sometimes we may forget what the process is like. I myself did not know all the work it took, but here is what I have learned. Journals, contrary to magazines and most novels, require peer reviewed and fact checked. This means months of preparation and a large enough team to get this done. More resources are needed as well. Newspapers require quick turn-around time and large teams to publish the work either online or to get them printed. Now for the most fun part (at least for me), novels. Novelists are considered for the most part creative writers. They have their own processes to write and can be a one man band or require the assistance of other persons. The most important thing when any writer starts to write is to finish. This might actually be the shortest part of all the assignments. This is because many publishing houses then work with the writer for months or years. The only difference between the solo writers is that they won't have much help from outside sources. There are many ways to publish ones work and asking advice from industry folks is the key to anyone's success. Monetization is part of the goal and can be met around all the different writing industries. This is true for novels, magazines or for anyone writing a blog post etc.

Wed. Jul. 27, 2022

Networking, Business cards and start up costs 7/27/2022

Networking is all about making the right connections with the right people. That being it does take effort and networking needs to be a constant effort. There can sometimes be dedicated events for this but many good connections can be made in other places. For that reason it would be a good idea to always carry extra business cards with all your contact information. Online resources like LinkedIn are also great. It is important to note though, that networking is an exchange and asking for business advice with anything in return can be easily turned down. Having a good template can help those to reach out even briefly either in person or remotely. Leadership plays a great part in this. We have to know what we want and strive to get it. Networking is a great opportunity for this. One very important thing I also learned is the importance of keeping track of all startup costs. Many small purchases can seem unimportant but can add up to thousands of dollars. If not accounted for, this can cause future investors to lose interest and loss of revenue.

Tue. Jul. 26, 2022

Avoiding scams, company loyalty and learning to say "no" 7/26/2022

Scams are still a threat to this day. They can happen in any sector and therefore a one fits all approach is not recommended. Internet searches followed by the word "scam" can guide a person as if a situation can lead to a scam based on experiences by other individuals. The most common are the "too good to be true" scams. The scammer can easily take advantage of a persons need for a new vehicle or a remote job to catch they prey. For that reason really asking ourselves why is this so cheap or why would an employer want to offer such high compensation are good habits. Apart from this, it is also very important to measure our loyalty to our employer. This is a good habit to also have because at times the best interest of the employees is to find other places of employment. Many times the most loyal employees are the most disadvantaged because when employees need to be laid off, they are the first to be let go off. We never want this to happen. Saying "no" can sometimes be daunting, but important. Our bosses are looking for the benefit of their business and themselves, not always for the our benefit. So learning to say "no " can allow an employee to set needed boundaries and therefore they tend to perform better and are happier in their job.

Mon. Jul. 25, 2022

Have big goals but start small, WFH and acing job interviews 7/25/2022

Work from home job opportunities are great because they allow for a digital nomad lifestyle and a great life and work balance. That being said, there are many scams that try to lure people in to steal their information. For that reason it is crucial to do research to make sure those opportunities are indeed legitimate. When applying for WFH opportunities it is important to clearly state any previous opportunities which will attract future employers, this is because they will know that you already have previous experience. Other things that I learned today include the importance of selling oneself when in a job interview. If we get into the habit of visualizing ourselves as the perfect candidate, we will be able to perform better and articulate our responses in a much better way as well. I look forward to implementing these great tips in this ever changing workforce.

Fri. Jul. 22, 2022

Lean operations, gold plating and functionality 7/22/2022

When creating a successful business it is important to minimize costs as much as possible. The majority of people might think that this is only based on the amount of money sourcing a product costs, but it goes deeper than that. Sometimes in the pursuit of finding cheap product alternatives the company might go under. Not only will the customer be unsatisfied, but bad reviews will likely follow. Time is of essence at any and every company, which is why making sure that all employees manage their time wisely and effectively is of importance. When creating any MVP it is important to not try to buy the best products just because they look better. Although this may seem like a great idea, it might be money spent wrongfully allocated. Chasing inexpensive sometimes ends up being more costly. For that reason calculating open and closed door days are important to make sure enough profit is coming in and if pivoting is necessary, there won’t be as many losses in the end.

Thu. Jul. 21, 2022

Partnerships, investors and paper work 7/21/2022

The way a company is filed impacts the taxation of the goods sold. Although there are many paths to having a successful company opening the right type of company for tax purposes can really impact the take home pay and who is liable if a lawsuit comes your way. Registering a business can be stressful so for that reason it is very important to get help from the right people who seek the benefit of you and your company. Partnerships are also very important this is because one can enter a business all alone but at a given time we wont be able to take on the workload all alone. Whatever is written down on paper is what goes in regards to dissolution or distribution of shares etc. This is great because sometimes relationships are lost in the process, but this helps mitigate the risk. Another benefit of this is that it can be changed as needed or as the company grows, that being said these decisions should not be made under high stress or when things are not going well, because this can lead to bad choices being made which can only add on to the disappointment.

Wed. Jul. 20, 2022

Communication and planning 7/20/2022

As a business owner it is critical to learn great communication. At times one will need to terminate employees due to company changes or the poor performance of that employee. For that reason it is important to make sure to have witnesses for these instances and be firm because these steps are for the best of the company and the rest of the employees. Planning is also important because any good business plan must be well written and if profit it’s investors are to enter a well written business plan will facilitarte this. Knowing where the money will come from and what services will be offered are all at the essence of this. All business models combined with well thought out strategies for execution lead to a successful business.

Tue. Jul. 19, 2022

Mastering the art of public speaking and skills 7/19/2022

It is extremely important to be a great speaker when trying to pursue the career of a business owner or entrepreneur. This is considered a soft skill because it can be acquired via practice and watching others be great speakers. This is important because the majority of people are in fact followers and leaders need to voice themselves well in order to stand out. When public speaking it is very important to maintain composure and acknowledge that we do not have to be perfect at it especially in the beginning. It was great to see these creative people go through their day and there are many challenges associated with the lifestyle of an entrepreneur. For example many of them have multiples side hustles aside from their full time job. This is very challenging for them but as stated in their videos, hard work really does pay off. For that reason straightforward and clear communication are very important and learning as one goes through all the aspects of business are crucial to find this type of success.

Fri. Jul. 15, 2022

Social Media Presence - Get on It ASAP 7/15/2022

As we should all know buy now, having a social media presence is super important. But after going over todays material I am even more convinced. I learned that across the world people use social media to get opinions or advice. From learning to make a complex dish to which nail polish looks best, these are all things people search online for. For that reason theme pages on various platforms can be a great tool to use. The idea behind those pages is to show content from a specific topic with the hopes of getting followers and from brands to reach out to you in order to monetize the growth. I t may seem simple but it does take time a dedication to see the hard work pay off. Another great thing to come out of the socials is being able to self promote and that will lead to traffic to other social media platforms as well as a website if one has it. Social media is used by most of the world population via IG,FB,TT and Pinterest as well as WeChat in China. These are all platforms that may be good to look into in order to advance in any business.

Thu. Jul. 14, 2022

Become a mentee and set SMART goals 7/14/2022

SMART does not only mean someone who is intelligent, it also stands for Specific, Measurable, Achievable, Relevant, and Time-Bound. This acronym can be very helpful when trying to set any type of goal. Why? Because by setting smart goals one can make sure they actually achieve them. The time factor is very important because it can determine if the goal will be met. What happens to most is that there is no definite date to reach that one goal, so it is never truly met. I also learned a lot about the importance of having a mentor. This can truly be anyone even if not in the field that one would like to pursue. This can be great because we will be able to gain a lot of experience from them and ask questions not found on any educational platform.

Wed. Jul. 13, 2022

Self care and putting value to our time are necessary 7/13/2022

Self care is the term used to describe taking care of one self for our own benefit and that of the others. This is very important because it adds on to the quality of life and gives us a better outlook. Self care though, comes in various forms. For example doing a fun activity such as reading or going on a hike. Learning a new skill can also be included in the list, and is also a great way to when ready, put those skills to work. This can lead to a better and happier life. Another thing that was very interesting to learn, was the importance of valuing our time. Although there is not a set number for every person, valuing time can be very helpful when managing a business or even at home. We will be able to better manage our money and gauge when we should delegate responsibilities to others in order to make our time count.

Tue. Jul. 12, 2022

Saving money and time management are key 7/12/2022

For many people making more money is not something they are able to do because of family obligations. For that reason finding ways to save money can be really helpful in order to make every last dollar count or stretch as much as possible. Finding ways to save by driving a cheaper vehicle or not eating out as much can help to save money. Other ways include saving as much money as possible via retirement accounts or even investing in personal brokerage accounts before running out of cash. These are all possible ways to contribute to personal wealth and via the discipline these take can guide to being able to practice these when starting a new business.

Mon. Jul. 11, 2022

Businesses Take a lot of work but it pays off 7/11/2022

From hearing experiences to learning about crypto wallets, the life of a business man or woman is quite interesting. Anything can truly become ones business. The key is how much time and passion one has for that specific cause. The good thing is that at any age we can venture out or pivot. We can start bussing tables and years later be the CEO of a startup. Anything really is possible. Getting there though, takes time and dedication to truly know the market and who the perfect client or customer is. The great thing though is that technology can be at the fore front of that. With ecommerce payment solutions such as Square or PayPal, payments can be sent securely and with little to no downtime. There are fees of course but if one does there homework, we can find a perfect system to monetize any business idea. So time, dedication and drive are at the center of any and all business ideas, no matter how big or small.