Famous Entrepreneurs

Oppertunity Seeker Or Entrepeneur

admin — Tue, 09 Mar 2010 13:21:05 +0000

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Chuck Lundy > www.MexInsurance.com

admin — Sun, 07 Mar 2010 21:28:06 +0000

Chuck Lundy, Founder, MexInsurance.com

What do you need to be an entrepreneur?
Passion, Drive, and Thick Skin

What did inspire you to start your business?
I saw an opportunity in the Mexico Insurance business to provide a quality product at better rates using technology and the internet while still making a profit.

How did you finance it?
Personal credit cards and lots of sweat

Being Hispanic.Does it have any influence on your business?
I am not hispanic, but I being raised in a hispanic environment I learned how to value people in business

In the face of adversity, how do you decide to keep going?
I don’t know any other way

What is the biggest challenge your business has faced?
Last year we were hit with the swine flue, passport rules, massive recession, violent crime media reports and rising gas prices which put a halt to tourism to Mexico.

If you could change one thing about your business, what would it be?
You will see with the next release of our website

What was your childhood ambition?
To be a Super Dad

Tell us about three entrepreneurs that you admire?
Arte Moreno, self-made Viet Nam vet who worked his way up to ownership of MLB team (Angels), Sol Price, local San Diego entreprenuer who create Price Club (CostCo), Wayne Huizenga (From rags to riches, created Waste Management)

For business meetings: breakfast, lunch, or dinner?
Lunch

What sacrifices on your personal life did you have to make in order to
become a business success?
I don’t get to take a lot of fun trips with my neighbors, friends and colleagues especially during the first few years of startup. I missed out on a lot of fun but I think I’ll make up for it.

What is your favorite quote?
“Losing makes me puke” – Arte Moreno, owner Los Angeles Angels of Anaheim

Is it difficult to be unconventional?
No, it’s natural

Biggest mistake made?
All the mistakes have turned into assets. In the beginning we spent too much on “spray and pray” marketing

Do you consider yourself an innovator?
Yes. Because every time we do something new, all our competition copies us.

About the Company:
We provide a quality tourist auto insurance program on the internet at http://www.mexinsurance.com/. In eliminating the middle-man agency we save consumers 30-40% off their insurance for day trips, semi-annual or annual coverage policies for their tourist vehicle in Mexico.

The World Wide Forex market

admin — Sun, 07 Mar 2010 21:28:01 +0000

Forex is a trading ‘method’ also known as FX or and foreign market exchange. Those involved in the foreign exchange markets are some of the largest companies and banks from around the world, trading in currencies from various countries to create a balance as some are going to gain money and others are going to lose money. The basics of forex are similar to that of the stock market found in any country, but on a much larger, grand scale, that involves people, currencies and trades from around the world, in just about any country.

Different currency rates happen and change every day. What the value of the dollar may be one day could be higher or lower the next. The trading on the forex market is one that you have to watch closely or if you are investing huge amounts of money, you could lose large amounts of money. The main trading areas for forex, happens in Tokyo, in London and in New York, but there are also many other locations around the world where forex trading does take place.

The most heavily traded currencies are those that include (in no particular order) the Australian dollar, the Swiss franc, the British pound sterling, the Japanese yen, the Eurozone eruo, and the United States dollar. You can trade any one currency against another and you can trade from that currency to another currency to build up additional money and interest daily.

The areas where forex trading is taking place will open and close, and the next will open and close. This is seen also in the stock exchanges from around the world, as different time zones are processing order and trading during different time frames. The results of any forex trading in one country could have results and differences in what happens in additional forex markets as the countries take turns opening and closing with the time zones. Exchange rates are going to vary from forex trade to forex trade, and if you are a broker, or if you are learning about the forex markets you want to know what the rates are on a given day before making any trades.

The stock market Is generally based on products, prices, and other factors within businesses that will change the price of stocks. If someone knows what is going to happened before the general public, it is often known as inside trading, using business secrets to buy stocks and make money – which by the way is illegal. There is very little, if any at all inside information in the forex trading markets. The monetary trades, buys and sells are all a part of the forex market but very little is based on business secrets, but more on the value of the economy, the currency and such of a country at that time.

Every currency that is traded on the forex market does have a three letter code associated with that currency so there is no misunderstanding about which currency or which country one is investing with at the time. The eruo is the EUR and the US dollar is known as the USD. The British pound is the GBP and the Japanese yen is known as the JPY. If you are interested in contacting a broker and becoming involved in the forex markets you can find many online where you can review the company information and transactions before processing and becoming involved in the forex markets.