China Quarantines Cash to Sanitize Old Bank Notes From Virus (1 minute read)
Old banknotes are now being quarantined in China in order to fight the coronavirus outbreak. The transfer and allocation of old banknotes across provinces has been cut off between the cities most affected by the deadly outbreak. 600 billion yuan cash has been created for Hubei. Money is being sanitized with ultraviolet rays or heated up and locked up for 14 days in the most affected areas, and money from less risky areas is subject to a week of quarantine. Commercial lenders have been asked to separate cash from hospitals and food markets. Mobile payments have largely replaced banknotes in daily life in China, but older people still tend to prefer using bank notes for everyday transactions.
23 rules to run a software startup with minimum hassle (13 minute read)
It is easy to waste time and energy when building your own bootstrap business. In order to avoid hassle, it is best to have customers pay upfront on a monthly subscription for some kind of software as a service. This way, you will have recurring revenue to continue development, locked-in customers, and no customers owing on payments. It's important to set realistic expectations, and use reliable technology. Automate as much as you can and follow the best practices of other businesses - choose a big bank, choose a simple corporate structure, and find a good accountant. When you first start your project, it is best to keep as much control over it as you can. If you take on investors or partners, there will be significantly more pressure to perform and it usually brings on more problems than it solves. Smart marketing is better than just spending on marketing. Don't respond to unsolicited requests until it is time that you need a particular product or service for your business.