Search content
Sort by

Showing 20 of 99 results by Yaqs15
Post
Topic
Board Economics
Re: To create wealth and any kind of material things you need one thing
by
Yaqs15
on 09/08/2024, 13:17:32 UTC
Next thing what i say will Open your mind
You suppousto not know this but i tell you.
In order to create material things and physical things the 3rd dimensional LOWER vibration (COLOR RED) energy is needed.
So negative energy is what creates wealth and wealth is we are not talking..who get wealth.but we talking about in order to build something we need to harness lower vibration energy.i stop here ! Im blocked to say more 


wealth is not something that will come with in a blink of eye. You need something put in place for it to happen. Things like good mindset, hard working, Persistence and perseverance. Wealth need to be created by those that are ready to accept it rules. wealth need enough energy, good understanding and also those that are ready to accept ups and downs of life. Because life has its own big lesson to teach. you must be ready to face all the challenges that come your way.
Post
Topic
Board Beginners & Help
Re: Your most important crypto advice?
by
Yaqs15
on 02/07/2024, 12:54:58 UTC
I think the most important crypto advice would be for newbies to gain enough knowledge about the market before they start making investments in this industry because cryptocurrencies aren't a get-rich-quick scheme and if they think this way about them, they are going to waste their money. They need to do enough research before they choose a cryptocurrency they want to invest their money in because, without research, you can't know whether a project has potential or not.

Most newbie investors these days invest their money in meme coins and newly launched altcoins without doing any research, they need to understand that cryptocurrency investments aren't supposed to be taken as gambling where you make a bet and try your luck to see whether you win it or not, if you do that, you are going to lose a lot of money.
This is the fact about newbies like me. From experience, I have been a victim of something like this, so, is better for us to not rush into investing in a particular coin because of the shallow knowledge gotten. Acquire enough knowledge. Do more research and don't just trust anyone you just met with your wallet and private keys I'm sure you know this. avoid trial error trading, this is not betting. Beware of scammers so don't be so greedy in investment.
It's not written on their forehead as a sign of scammers but they  have some characteristics. Like trying to help you or showing you some fake online testimonies of people that they have helped. And a lot more of things like these which are all lies.
Post
Topic
Board Beginners & Help
Re: Why you want to rank up in the forum?
by
Yaqs15
on 02/07/2024, 12:25:57 UTC
I am asking a simple question as I see many topics dedicated to ranking up or suggesting ways.

From my thoughts as a newbie, I wanted to rank up because I wasn't wasted and neither I believe that I cannot get into the rank that I am in as a Hero member. It was a tough journey & had a lot of adventures! It is a cycle that everyone here who joined after merit system went through.

I saw here, how high-ranking members would be the first to get included in the best signature campaigns. I would feel frustrated as a newbie as I felt irrelevant and ignored as my rank was not that good so was my reputation.

I then realized earning was not that a big problem as bounties were a big thing in my time. Even after working for bounties, getting ranked up was a big challenge, so I started focusing on my skills. I am not a developer, still I made it with my skills of writing.

I was first introduced to gambling being part of a gambling signature campaign. I loved it and decided to learn how gambling works in cryptocurrency. Lost a little amount while learning then decided to venture into sports betting.

I am making a decent extra earning with sports betting and now I have been working on trading. Life doesn't give you success on a plate and that is how my trading part is working for me.

Ultimately, I would like to say to everyone new to the forum. Believe in yourself and believe in what you can achieve. In some time you will see yourself where I am.
What a motivational, inspirational and encouraged write up! I believe your talks and your heart are inline with each other? If they are, and if all have such mind like yours, newbies will easily find peace in their mind. And they will be struggling very happily irrespective of what ever difficulties they are going through. Not only in the forum or crypto trading but also every aspect of their life. Because if they feel like giving up, in their struggling with life, when ever they remember your quotes, they will tight their belt and put more effort focusing on achieving their goals.
Post
Topic
Board Meta
Re: Newbie PM opt-in
by
Yaqs15
on 02/07/2024, 12:01:23 UTC
I'm sure many users will appreciate it. Is this new restriction/feature actually stated anywhere other than here so users actually know they're already opted out? Wouldn't it be better to allow all messages at first but give a warning with PMs from newbies such as something like "Find this message annoying? Go into personal settings to block messages from brand new/newbie accounts" etc?
This is very true, because some users might be unaware of this new policy or what do I call it. So like you said, if it is been done this way, like to give some excuses at first,then follow by taking the necessary action later.
But as for me, it will be better this way, because some newbies may be trying to get access to you privately because of one reason or the other , if we newbies are been banned from private PMs it will be very difficult for us to grow.
Post
Topic
Board Economics
Re: Will AI taking people jobs and make the world worse?
by
Yaqs15
on 01/07/2024, 22:12:02 UTC
Automation has been taking jobs in manufacturing and a few other industries already for many decades. Now they are using the “AI" marketing buzzword but these machines are only doing what they have already been programmed to do and aren’t capable of learning anything new on their own until a programmer updates their software.

I’m not sure how good for the economy this will be. Usually, working at a fast food restaurant is one of those things you can do as a last resort when you are unable to find employment but now that won’t even require a human workforce. More people could end up on welfare, draining resources from the government, instead of doing something productive even if it is unskilled labor.
Things were bad even before the introduction of AI in our industries, now that they have introduced the use of AI it will be more worse. The governments are already shouting that there's no vacancy to recruit more workers and also those that are working were not paid as they are supposed to be paid due to one thing and the other. now that AI is even available to replace human being, the government and company directors will be eager to get rid of human services so that they could start using AI to reduce cost. And these AI can not do things on their own, but on the way they are programmed. So still their service cannot be compared with the human.
Post
Topic
Board Economics
Re: acquiring many properties in the name of owning an asset
by
Yaqs15
on 01/07/2024, 21:50:12 UTC
It's a thing of choice though as some people just prefer owning some properties just for owning sake. They don't mind if their property aren't productive, they just continue to acquire the wealth regardless. Some on the other hand, own properties for future sake, like for their children to acquire them when they become old enough. But to me, it would still be better to get properties that would earn us some reasonable amount of income continually for a long term. You don't actually have to limit your property, you can continue acquiring if you have enough money to buy more.
It is very good for us to know the difference between quality and quantity. Even if you have to own a property or properties, it's better you go for the ones that are valuable assets and not the ones that are finished already. Because if you choose to go for these ones that are valuable, they are going to make you earn passive income which your money will be working for. you can be sleeping and be making money since their value keep on increasing . And you will have nothing to lose. But as for these ones that are finished already, their value will be depreciating which would lead to decrease in your income.
Post
Topic
Board Economics
Re: The Higher the capital the higher the returns
by
Yaqs15
on 01/07/2024, 21:29:06 UTC
Its not that we cant deny that the more capital we have, the greater the profit we have, it's just that it only refers to that context because in fact we have to think about how to profit as well because it doesn't mean that with a lot of capital, we will definitely profit and with little capital we will make a big profit because its just a way to look at it from a positive perspective.  When talking about business or investment, its not as easy as just based on capital, there are so many things that need to be prepared, there is a plan that we must realize is more important and of course we need several backup plans to support it better because in the end, the benefits of business or other things such as investment are certainly not only based on capital alone. Although capital is important, there are other aspects that support it so that capital does not just disappea .
Some time, capital is not a determinant in business. The first thing that matters most is idea of a particular business. Follow by other things like capital. Because when you have a good idea of a particular business, you can even start a business without capital. example those doing affiliate marketing. these people are doing business and they don't have their own capital why? because of the business idea that they have. But even if you have a huge amount of money as a capital, without a business idea, you are going to fail if care is not taken.
Furthermore, you May have big capital but because you don't know how to operate it in a business or you don't know the kind of investment you will do with it, your profit may be small, and somebody with small amount of money may have huge profit than your own because he or she knows how to do with it. So it not automatic.
Post
Topic
Board Economics
Re: Not enough debt
by
Yaqs15
on 01/07/2024, 21:15:03 UTC
World is not enough in debt.
In order to economy Grow the debt is needed more debt we still have people whos debt free If more people get in debt then more economical activity so those in debt will work with 2 jobs not with just one Job.
We moving towards that more and more people will have debt burden on them car leases insurances mortgages and much more things.
UK payd off debt just few years ago and now they struggle.
More debt will make everybody working harder no debt makes society more lazy.
Exactly, but this is to responsible individuals. Because some people are lazy to the length of which they keep on dwelling in debt. But when debt is taken leveraged debt and not a burden, it makes a lot of sense since it will be used for investment which would make the person that takes it to be more serious and it will also make you double your income. And it is considered smartness because it's not taken for just consumption but for investment.
What matters most while investing is to be careful with the kind of investment you want to engage your self in. that is, you have the knowledge of it. the advantages and it's disadvantages so as you don't fail. Many countries today live their entire life in debt in which if they try to pay off such debt, they will end bankrupt.
Post
Topic
Board Bounties (Altcoins)
Re: [Bounty]Axioma Holding|6 Weeks|35k Dollars of Token|Listed Token|Weekly Payments
by
Yaqs15
on 01/07/2024, 12:54:31 UTC
#Proof of authentication
Bitcointalk username: Yaqs15
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=3618520
Telegram Username: @Yaqs15
Joined Campaign: Signature
Bsc/Bep20: 0xA1eED258312516Ec87ee77bD42c74588237F0B99
Post
Topic
Board Economics
Re: Why it's important to understand products and markets before investing
by
Yaqs15
on 18/06/2024, 20:26:43 UTC
* How do you distinguish and categorize any  token and investment as either a security or a commodity before investing?


While it's important to understand the products and markets before investing, Mostly when it comes to investing in cryptocurrencies, one should be able to distinguish a security from a commodity properly before any investment.
I found out about the 'Howey test', of which consist of four criteria which much be considered before anyone should decide to make a very reasonable investment decision.
 It would help a potential investor determine if an investment option, is a security or It is a commodity before one gets to make the final call on the investment of choice.
 The criteria includes;
* If it involves an investment of money,
* If there's an expectation of profit,
* If there's a common enterprise, and
* If there's a reliance on the effort of others.

The disparity between 'securities' and 'commodities' is made clearly visible with the explanations given below;

(A).
'Securities' are investments such as stocks, mutual funds, bonds, debt, and other interests in the form of shares in companies, governments, or private businesses.
 In a more general sense, the idea of 'Securities' is, financial abstraction, that is what one cannot see, just as stocks or bonds or debts that can't be seen in a physical sense, but it's there.

(B).
'Commodities' on the other hand, is a result of supply and demand in the real world market and basic goods such as wheat, gold, oil and cattle, that is, natural resources, agricultural products, are good examples of Commodities that a potential investor can invest in and make good profit from.
 Commodities can help when we decide to liquidate or withdraw some or all of our Bitcoin or altcoins kept in a wallet, that is, when we want to diversify an existing investment portfolio and are considering investing in physical, tangible assets.
However, it is to note that not all commodities are physical, tangible assets.

* Do you also know that Bitcoin is a commodity?
Under the Commodity Exchange Act (CEA), all
 Virtual currencies, such as Bitcoin, can be considered to be commodities.

Let's discuss!

Understanding everything that you are doing well even before you start doing it is something that should not be compromised.
When you talk about investment, without better understanding, is rubbish. So, before investing, you will have good knowledge of what investment is all about, the knowledge of the products you want to invest in, also the knowledge of how the market is. By so doing, I think even the risks that might be in the investment will reduce.
Post
Topic
Board Economics
Re: This Will make you rich
by
Yaqs15
on 18/06/2024, 19:44:54 UTC
Proper planning is half the success of any work. So first the task has to be specified and accordingly the work outline has to be formulated. And to make the investment safe one must bring some diversification in the investment. Otherwise the basic theory of finance would be denied. Then finance management is the second important task to complete these business activities smoothly.

First of all if we are interested in any investment opportunity then we have to focus on its reality and details which can help us to choose it if it is trustworthy and then learn how to work to get profit from it. Making a sketch of each and every step in your mind is necessary prior to starting anything as it will have positive effects on your investment decision.

One should not depend on a single investment asset because sometimes that investment does not produce our desired profit so it is necessary to have a job beside investment or diversify your investment in different fields so your profit will be double as you will get from both of the sources.
What you said completely coincided with my opinion. Along with the investment if a person has a workplace or a job opportunity is created, it will make the investment more successful and will be able to create attraction on the investment. Besides investment any other job gives us mental relief. As you say through investment sometimes we have to face loss. At such times jobs provide us with financial support. When a person is assured that financial support is generated in some other way in times of trouble, his psychology works well and he can concentrate fully on whatever he is doing which is an essential ingredient for success.
There are a lot of things that we can do to to be rich indeed. Things like self discipline, avoiding procrastination, consistency, knowledge and skills, updating, information then opportunity and response to change.
This is how they work;
For example, if we have discipline enough especially, financially, to the extent that we understand the way we spend,we will be 100%happier. while spending, make sure we know the difference between our wants and needs, the difference between our most prefer and more prefer then we should choose them accordingly.
In times of procrastination, we should be able to know the exact time that we should do things then we should do them at the right time on the right place.
We should try by all means not to rush to the end and also,we should not rush to see the results, but we should be doing what ever we are doing even if it seems difficult as far as we choose it as our goal, we should be consistent in doing it. there shall be light at the end of the tunnel.
What ever we are doing, we should not do it without the good knowledge of it. we should seek for the knowledge of what we want to do before we even start doing it. Even when you are already doing something doesn't mean we can not renew it look up to how things are in our modern day compare it with the way you do yours and then change to the one that best suit you.
Post
Topic
Board Economics
Re: Saudi Arabia ends 80-year petrodollar deal with US.
by
Yaqs15
on 17/06/2024, 05:21:09 UTC
The US has been very centralized and sanctioned some countries which some countries do not like and it is leading to de-dollarization. Some decentralized money like bitcoin would have been better to be the world's dominant currency.

But most of this countries do not know the plan of China. I hope they will know that China is trying to have the world power and shift the power from the West to themselves. Countries like Russia and Iran also want that.
Every one loves to be hero not only China or Russia. if really you know your worth and will want to be addressed with reputation, you will want to be free especially, financially. So even if SAUDI ARABIA should take such decision, to me, it will be a welcome development and economic enlightenment to other countries that have not taken such decision. since every country has its own currency, why wouldn't each country try to strengthen their currency for transaction? Why would they depend solely on dollars for international transaction? America is not the only developed country but also China, England and even SAUDI ARABIA have gone far economically. So if this is what they are planning to do, fine.
Post
Topic
Board Economics
Re: Government always hides productive truths from the masses
by
Yaqs15
on 17/06/2024, 05:07:29 UTC
Even today,there're still truth,information that still remains unknown to us as citizens and individuals.One of the biggest mistakes to make in life is to depend wholly and lay so much trust on the government.
I think its okay for the government to be transparent with the public,and at the same time act otherwise.

So many governments around the world have considered bitcoin as a currency that'll disrupt economic and financial activities of the government,and that's why there's why there's the clash.
To me I think bicoin and cryptocurrencies will continue to be viewed with distrust by governmental authorities until the governments can more effectively monitor and control them.

If you want to be happy in life and don't want to be disappointed, don't depend on anybody including the government. some people have it in their mind that their government is owing them a lot of things like funds, good education, infrastructures and jobs. Yes, it's actually the duty of the government to provide for the citizens all of the above mentioned. But still, the way government are behaving and depriving us of a lot of real facts and our rights are being denied of, one should not deeply depend on these bodies called government. If not you end up being disappointed and depressed. Your government will tell you that they are trying by all means to make sure you people as their citizens are living a very standard living. They will tell you that they know of the kind of hardship you are going through and that they are doing everything possible to alleviate these suffering. But all these things they are telling you are nothing but lies, because they continue promising you with fake promises and you will see them and their family and friends living a very expensive life and you and your family are just getting more poorer. They will make sure they don't give you any access to any opportunity that will make you live the life equal to their own living standard.
Post
Topic
Board Economics
Re: Our decision making is responsible for the outcomes in our ways
by
Yaqs15
on 16/06/2024, 09:48:18 UTC
I mean both have their points, It is not a good thing to not focus on your future, like savings, investments, insurance, etc. but at the same time if you are not going to get enjoyment at all it seems that there is no point at all to work if your not happy at all, you do work hard every day not just to survive but as well to buy something that you wanted, and eat something that you wanted, not just eating enough food. It just going to defeat its purpose or probably gonna be some kind of slave of money. In my opinion, the main issue here is buying something that you can't really afford, for sure there will always be limitations with that, I mean you surely could buy sometimes things and eat food that you want, but not really to the point where it just takes a huge percentage of your money or savings. Just like you said he's probably buying a lot of things that make him happy because he has money in his bank which I think is okay since he did have savings so he could buy things that he wanted.

Still buying things that you couldn't afford is going to be different because you are on the road to being broke meaning you're not saving anything, investing anything something like that because all of it is just going through spending, which is surely going to be a bad decision in the long run. If you want to achieve financial freedom, having a solid financial foundation is just really important, like savings, investment, insurance, and emergency funds. etc. As well as having assets and passive income. I mean you could get to the point where you could build your wealth if you are starting to earn already, but if spending all of it and not saving anything you surely not going to save anything in the end in your future.
If you really want to be successful in life, you need a very strong mindset, discipline and endurance During the process. What you always think about is what you become. But still, you don't just think about it, but also act upon it. You need a very good knowledge of it. Some people just think and continue thinking until it becomes pressure to their heart and blood and cause some deadly sickness to them. Some even say it after thinking about it, but don't act upon it.
So many people wish to be rich but still they keep on getting poor because they are just wishing to become what they don't and not working for.
Post
Topic
Board Economics
Re: How is the cost of living in your country?
by
Yaqs15
on 16/06/2024, 09:04:17 UTC
Inflation is general. It’s in every country on earth. Unless the country doesn’t use fiat (which isn’t possible because what then are you using as legal tender). In the next couple of years, the cost of petrol would likely be more than that. And even if it isn’t, other items like food items, or clothes would cost more. How you’d know this is when you look back to how it used to be, you can see the trend of inflation.
Before, things used to increase on either annual basis, two years or more. But now, things are increasing like hourly not even monthly. something that you just purchased few hours ago, going back again like in the evening, you will see that they will tell you another price that's more than before. The problems that most countries are facing today, are caused by the government. Removal of fuel subsidy, unification of foreign exchange and leveling of taxes on companies and industries have made things difficult for people. In my society today, people are suffering. their income are not up to their expenditures. Still things are going up.
Post
Topic
Board Economics
Re: True wealth comes from income when you sleeping but earning
by
Yaqs15
on 09/06/2024, 14:51:31 UTC
This type of income is rare, because it means that you need to make more income than what you are spending. I mean you need large capital which is only possible when you earn more and save more and then you make your capital working for you without any flaw.

For example, this month I have about 300 dollars that I need to live with, maybe a bit more than that, its really nothing much, its a little over half of minimum wage here, does that mean I would be able to do something that could make me money while I sleep? Of course not, by 15th of this month or before, all of this money will be gone, I will not make a dime from it, and people think that you could just live with that.

I think the crazier thing is that even if you make thousands, life isn't that simple, you expand your life, so even if I made 10k per month, first few years would all still be debt, because you expand, you start living a higher standard, and THEN you start to save some.
Money is very good in our lives. You will enjoy life more, even though life is not easy, when money is earned in a very easy way, you use your money to earn more money. That's, this type of money is perfectly earned when you allow your money to work for you. But when you are the one working for your money, you can not be able to earn this kind of money.
When we work for our money, our income becomes limited and it comes in a fixed amount. This is because when you are sleeping, your money stops coming when you are the one working for your money. But when you make your money works for you, you can be sleeping, you can be doing anything you want to do at anywhere and the money would be working for you.
Post
Topic
Board Nigeria (Naija)
Topic OP
No gree mey promises of easy money ginger
by
Yaqs15
on 09/06/2024, 14:20:03 UTC
Original Topic: Don’t be lured by the promises of easy money!
Author:Pmalek


D way Bitcoin money just dey go up,rats wey dey for inside poto-poto(sewage)don comot for d place wey dey hide dey look for person wey dey go bite.
But this rat gon gon no just know d crumbs of bread or na your money e dey look for oh no. E wan mey you get problem with law, e wan mey you b him scape goat. Na him b the rat wey worst past for inside d hole wey dark past.

for una wey browse d  Services section,  E fit b say una don notice one kind 419 wey dey around.
I no wan help 419 people put links for him threads, and I go wan tell other members wey talk for my thread mey they no do so.

 The thread sef get issues with rule #17:
Quote
17. Dem no wan mey dey dey do Buying and selling of dose stuffs wey dey illegal for buyers or sellers countri. .
Unofficial rules


How 419 dey take work?  D person wey dey do 419 go promise d person wey e wan do 419 say him go make am become rich -fast. him no go ask am for any money, and him no go do any work.
D only thing wey him go do na just to give am access to him

 blockchain.com account. Him go add some Bitcoin to your account and later com give you back your account plenty with Bitcoin.

I know wetin you dey think. How this com be 419?  I get free Bitcoin and i no do anything. any time wey you see offer wey be like that, try ask yourself d following questions:

1. If to say e easy, why he no do am by himself
2. Why him come dey look for my account?
3. Why e no come make him family, friends and everyone wey him know rich?
4. Wetin make me one kind wey him come dey look for my help and my account?

 If you want know 419 person, you no need too much training. D only thing wey you need na just small common sense. Dey honest! you dey one kind?
You get one kind skills wey be say na only u get am and wey be say this person fit use  HELP you make big amount of money?

If you dey honest to yourself, your answer na negative, and you feel dis smell small, like 419, you dey correct side.


I thank another person wey dey forum, wey follow this 419 talk, now we know wetin him dey plan. wetin 419 no mention for him topic be say him dey use credit cards wey dey thief to buy Bitcoin with your account! How dat go sound for fast small earner?

Na wetin make him want your account
Na wetin make you one kind.Na you be d correct person wey him go fit catch and come be him helper wey him go do that work with for credit card 419.
If your account dey connected to your name wey you do your KYC, you don do credit card 419 for law side.


Open your two eyes and no believe everything wey you read!
Post
Topic
Board Economics
Re: Is it still possible to retire early?
by
Yaqs15
on 09/06/2024, 07:08:08 UTC
Early retirement is actually still very possible but if indeed as long as we still want to live in luxury then indeed I don't think we will think about it from now on.

Early retirement is not as easy as imagined especially for ages that are still productive enough to make money because after all, apart from our lives including old age that must be considered here we must also realize that every human being has a condition where they are never satisfied with something and of course with the power of money now even though we can still be happy even without money but when we don't have money then it is certain that we will suffer so that in order to keep it from experiencing setbacks in old age, especially for financial problems, we need to support it by working or building a business so that in this case retirement will clearly be hampered.

But if you are sure enough with what you have now even though it is still productive age I think if you want to retire early then it can still be done. But I personally will not do that because I realize my journey is still long and do not want to stop at this age.
Early retirement is a very good thing for a salary earner to do but when doing it, truly, you need a very strong mindset, discipline, endurance, patience and dedication because you will go through a lot during the process. You will need to save part of your income no matter what. not only saving, but also try to invest it by settling down a business that you will go back to after the retirement. You can not have a lot of the things that you wish to have during the process. But just make sure you set up a fix goal to be accomplished.
Early retirement is also very good to your health, because, the more time you spend in the service, the older you become and the weaker your body systems become. Early retirement enables you to look after your family and mingle with your friends.
It gives you more time for yourself and you have time to exercise in the morning and evening. Which will boost your immune system.
Post
Topic
Board Economics
Re: Should there be a limit to investing in your children?
by
Yaqs15
on 08/06/2024, 16:00:44 UTC
The way I see it, parents have obligations regarding their children, but not the other way around. Children didn't ask to be born, it's the responsibility of their parents. I don't think it means that parents should sell their houses for their children, though. Parents are responsible for providing an adequate standard of life and ensuring that their children obtain basic education. Then it's up to parents how much they want to help and up to children how much they want to take care of their parents when they get older.
Viewing children as an investment into your own future is very egoistic and pragmatic. I don't think it's a good foundation of a healthy relationship.
It is very important and compulsory on parents to do all they could do to provide good and standard way of living for their children. Children are said to be the leaders of tomorrow. So, parents have the responsibilities of taking good care of their children to stand up to, so that these tomorrow leaders can be able to lead with wisdom knowledge and skills. Since they are also going to become parents some time in the nearest future. Also, when these children are being properly taken care of and brought up, even parents will not also regret it, especially when the parents become old. These children are the one that will later take care of their parents as well.
Post
Topic
Board Economics
Re: Involve an attorney in your business dealings.
by
Yaqs15
on 08/06/2024, 14:32:50 UTC
The importance of an attorney in today's business activities can't be overemphasized with the nature of the business environment becoming more competitive with every tick-tock, businesses or firms ensuring to protect their interest and compliance from other party's in business not to unscrupulously want to take a smart advantage  of another in contracts and, in avoidance of possible legal hassles and litigations in the future for a successful business, it then makes an attorney's presence a necessity. There's that likelihood of people not overriding you in a matter when they are with the awareness of an attorney standing behind you - it makes procedures to followed in the way it should.
It is important for a business person to have legal backing in their business. Doing this will ensure security and strong protection for them and their business against some forms of misconducts from either their business partners or their customers. It enlighten them that are the owners of the business about their does and don't of the business. It will also teaches them their rights, duties and responsibilities. By applying for a legal backing like this, I know it will be costly but if one have the means to it, it is more better . It minimizes some problem that might arises at long run in the business.