Our Market is Full of FUD – Crypto Startups Need A Business Plan.

Here's My Recommendation (& Template)

The market is full of fear, uncertainty and doubt. An article goes around about Google being split up and their valuation drops. This is the state we are in right now. Almost all the stock exchanges in the world are affected because of fear, uncertainty and doubt. We are just worried and that's normal. That's what happens every now and then. People get to invest when the market is in this form and sell when people get greedy later on.

Crypto though, is facing FUD + General Worry.

But crypto businesses are faced with a little bit of a different challenge because they also well get the feeling of fear, uncertainty and doubt. But contrary to Apple and Google and people who possess shares in those companies, the belief in cryptocurrency is also going to be at the bottom of the food chain per se.

Because not only do people don't believe in technology these days that they're selling their company shares, they're also definitely not believing in cryptocurrency per se and putting it at the bottom of the list due to the regulation aspect of the technology.

The Vitality for a Crypto Business Plan

So if you're a crypto business, you need a business plan and you need a way to deal with this right now. The number one thing to do is to know for a fact that this is a phase and that it's gonna pass. Have this mindfulness in your brain that yeah I understand that the market right now is full of FUD but eventually it's gonna decrease and it's gonna fade out and the market is gonna return to normal.

The Crypto Mindset

As long as you have this mindset in mind, it doesn't matter which industry you're operating in because eventually everything is gonna be okay. Crypto, some people are gonna meet you and tell you that oh the crypto market is really in a problem these days or Bitcoin pricing is dropping severely and like most of the people who lasted this long in the crypto industry, all you need to do is to be patient with the core concept of cryptocurrency in mind.

Most People Don’t Disagree With The Core Concept of Crypto

The concept of crypto is not debatable as one of the best concepts that we had in the past few years. The only aspect of debate is the regulation aspect and the flaw of it being used in a non-regulated way and that's why governments don't really love it per se but it is getting adopted day after day. If you have a transparent business you wouldn't really mind cryptocurrency as a concept.

You also have to understand that this market is not really just about the business world. It's very, very well connected to the legal world. That's why a lot of startups that approach me with a cryptocurrency project have a chief legal officer. Regulation when it comes to cryptocurrency is changing every month in each country in the world. Some of them love crypto, some of them ban crypto and impose fines of over $100,000 of just trading a simple asset like Bitcoin. Knowing how these regulations are changing can make or break.

My Recommended Template — The Tech (Use Case - Crypto Business Plan Template)

Before linking the template, there are a couple of elements that you always have to put into consideration and that is discussed with all crypto clients that I work with. Number one is location – Where are you going to launch your company?

This is really going to make a huge difference. A lot of companies start in the United Arab Emirates because of its tenders when it comes to Bitcoin and its accepting of them. Some countries in Europe as well and countries like Switzerland would also be okay with a lot of cryptocurrency rules.

However, you also need to put into consideration the costs of running a company in such countries in order to be on the perfect zone. The UAE, yes, has some good regulations towards it but also I think it does require a lot of costs to run a company there with team members and so on.

So before launching a company you need to know where you are going to launch. As we mentioned, legalities is equivalent to business when it comes to the cryptocurrency world. Choose your location wisely.

Now for my recommended template, you can get from here. I’ll also attach a coupon code for a 50% discount for my subscribers.