Electric Cars refers to cars that are propelled by electric motors using battery power only. These types of cars don’t have internal combustion engines such as the petrol and diesel powered engines.
Some electric cars still come fitted with internal combustion engines, but only for emergency use.
Electric cars are growing in popularity as these types of cars now enjoy about 9% of the market share in car sales.
Electric cars are Green,but are still more expensive than their internal combustion counterparts, although they are expected to be much cheaper in the long run due to lesser maintenance costs.
Some facts to know about Electric cars.
Car Weight
Electric cars generally weigh more than their internal combustion counterparts, this is due to their large battery sizes. Electric car batteries weigh more than 25% the total car Weight.
Battery
Electric car batteries are large and powerful. These batteries can hold about 60kWh of energy, enough to power a whole house for 2 days, in fact they can be connected to the power grid to provide extra power during peak periods.
Recharging
Recharging time for electric cars to reach full charge can be up to 2 hours using charging stations. although it can take 15 minutes to reach 80% of full charge . If you are charging at home, charging overnight can bring your car from 0 to full charge using it’s standard charging device. You can also charge your electric car with an ordinary wall socket but charging will be very slow.
Mile range
Most modern electric cars can travel over 200 miles ( 321 km) on a single full charge. The Tesla model S long range plus can travel up to 390 miles that is 627km on a single full charge!
Control
The car control and gear structure is similar to that found in petrol/ diesel powered cars although the electric car does not necessarily need to adopt this structure.
Cost
Price of electric cars starts from around $30,000. Much costlier than it’s internal combustion engine counterparts.The battery is part of what makes electric cars expensive. As the batteries become cheaper, so will be the cost of these cars.
Environmental impact
Electric cars do not emit dangerous and volatile gases that harm the environment as internal combustion cars do, these cars also have very quiet operation, meaning no or minimal noise pollution.
Safety
Electric cars are very safe to drive. They have a heavier body structure which is an advantage. During accident situations they are likely to receive less damage and protect the occupants of the car.
However, they can catch fire like their internal combustion counterparts. This can happen in event of an accident or fault or a problem with the battery.
Forecast
The electric car is the future type of car that will dominate and eventually face out internal combustion engine cars.It has been predicted that by 2030, more than 30% of car driven around the world will be electric.
There are many phones out there in different shapes, sizes and capabilities. Prices of phones are usually based on its performance and quality.
When you go to market to purchase a phone, the main question you should ask yourself is:
What do I really need a phone for?
If you just need a phone mainly to make calls and send text messages, then you are better off with a low end phone. They are available in various shapes, sizes and quality and are generally cheap. You can get one of these phones starting from $10.
If you want to be able to do more with your phone like take cool pictures, shoot video clips, create short videos, browse the internet, lite typing work on Ms word/docs, then you are better off with a mid range Android or iphone. You can get one of these phones for as low as $65 and as high as $350 .
If you are the type that wants to do premium stuff with your phone, like play high end games, shoot high resolution and 4k videos, shoot stunning cinematic pictures, video editing, machine learning and so on, then you are better off with a high end Android or iphone. These types of phones can be as low as $400 to as high as $2000.
The Samsung Galaxy Z Fold 4 is the best folded phone till date. It’s like a mini PC in your pocket with advanced multitasking capabilities. It’s a stylus pen enabled phone sold separately. Its camera features gives the IPhone 13 Pro Max a run for its money. If you don’t mind it’s slightly bigger size, and a phone that gives you more convenience when working with applications, then the Galaxy Z Fold 4 is for you.
Samsung Galaxy Z Fold 4 Specifications
Price: $1,799
Inner display: 7.6 inches AMOLED (120Hz, 2176 x 1812)
Outer display: 6.2 inches AMOLED (120Hz, 2316 x 904)
In any business that you are doing, what should matter to you is whether you are making a profit or loss overall.You can know if your business is making a profit or loss with this simple formula.
Selling Price – Cost Price = Profit / Loss.
A positive answer leads to profit and a negative answer gives a loss.The cost price means the amount you purchased the goods while the selling price is the amount you sold the goods
Profit / loss Example
Lets say you brought a cartoon of milk for $5000, and you sold it for $5250, then; Cost price = $5000,
So you have made a profit of $250.If however, the cost price was $5000, and the selling price was $4750 then you have made a loss of $250.i.e $4750 – $5000 = -$250
Net Profit / Loss.
It is not always possible to make profit on each and every good sold. A business will survive if total profits made are significantly greater than total losses made. So,
Total profits – Total losses = Net Profit / Loss.
If the answer from the above formula gives a positive value, then you have made a profit overall, otherwise, you have made a loss overall.It’s a good sign if your business experiences regular cash flow, but is this cash flow leading to an overall profit, or loss within a specified period? Always be ready to do the maths as these will determine if the business will survive and grow or if it will struggle and then die.
Capital & operational cost.
Capital cost
This is the cost of setting up your business. For instance if you were going to set up a shoe selling business, then your capital cost may include the cost of setting up the shoe shop and the cost of purchasing the shoes at wholesale prices.
Operational cost:
Refers to day to day cost of running your business. i.e. transportation, fuel, electricity, internet, feeding etc. Over time if you are making significant profit from your business, you should be able to not only pay off daily operational cost, but also the capital cost within the specified period.
Feasibility studies.
It’s always a good idea to do some feasibility studies before embarking on a business journey. Things you should consider include:
The location you intend to put your business,
Capital and operational costs
Man power
Your own skills and abilities.
Tax.
Risks involved etc.
Example: let’s say you what to expand your existing business to a new location, to rent a shop for the business will cost $5000 monthly, and feasibility studies have shown that you can make up to $200 profit daily, should you go ahead ?
Doing the maths you will see that in a month you should make around $200 x 30 = $6000, This means a net profit of around $1000 monthly ($6000 – $5000). This is worth trying out since there is always room for improvement.
Tips for being successful in business
Be disciplined in keeping record of all cash flow relating to the business, and do the profit/loss maths.
Don’t over borrow to finance your business.
Always be nice to all categories of your customers at all times.
Advertise your business.
Pay your tax regularly.
Properly register your business with the relevant agencies ( if necessary) and cooperate with the local people / unions.
Hire only people that will help your business.
Be long-suffering; starting up and growing a business takes time and dedication.
The Samsung Galaxy S22 is the lite version of the Galaxy S 22 Ultra. This version doesn’t come with an S pen and other premium features of the S 22 ultra but it’s still one of Android’s best phones presently. It is powered by the snapdragon 8, the same CPU that powers Samsung’s flagship phones including the S22 ultra. Its camera quality, performance and gaming abilities are excellent. Equipped with 8GB of RAM, it can easily handle any task you put it through.
