To keep your personal data such as photos and documents safe, backing it up from your main gadget to a separate device is a good way to ensure the security of your information. This is where external hard drive and disk come in the picture.

External hard drive and disk have been more affordable, offering more space. It has become more functional and even a handful, but powerful and premium too. External hard disk can be used from personal files or even backing the entire files of a computer or laptop.

Nowadays, there are various portable hard drives out in the market today. With so many models and brands to choose from, which is worth buying? Selecting a reliable and functional external hard drive requires an understanding of the parameters and features of each model or brand.

Below are some of the factors you need to consider when choosing a reliable brand of hard drive and disks:

Pick the right interface

Select Parallel ATA (PATA) drive if you are about to repair or upgrade an older system without Serial Advanced Technology Attachment (SATA) interfaces. Choose SATA drive if repairing or upgrading a system with SATA interfaces. A lot of hard drives are available in PATA or SATA interface with almost identical model numbers but differs on the data and power connectors.

Choose the right storage capacity you need

External hard drive storage capacity can range from about 2GB to 4TB. Just like Seagate portal hard disk Singapore which offers 2TB of storage. A recommended size for users who want to save videos would be 1TB or 2TB. For emails, word documents, and photos, a smaller storage would do. Generally speaking, you should only pick the best external hard drive based on the performance level you need. After that, pick the model and the price you are willing to pay.

Consider the portability

If you are using the external hard drive at home, pick at least the one that costs less but with more capacity. On the other hand, using the external hard disk back and forth from home to work, you may opt to choose a pocket-sized device. Another feature you need to consider is the enhanced data protection if you carry the device frequently anywhere. A great example is Seagate portal hard drive Singapore, which offers durability to protect your files from shock and damage. It is recommended to choose a device with durable materials like quality plastic or aluminum.

Decide on the safety feature

When buying an external hard drive, pick the one with hardware-based encryption than software-based encryption. This feature is important when getting a portable mobile drive to carry around, providing high security for sensitive information.

Think about compatibility

Keep in mind when choosing the external hard drive that compatibility is important. Ensure that the brand or model is well-matched with the kind of desktop you have – Mac or PC.

If you are a newbie in terms of choosing the right external hard drive, it is better that you know the software and hardware compatibility of it to your personal needs. Consider the factors mentioned above. The more you know about the various aspects and factors when buying external hard disk, the more you will be able to optimize its functionality.

It can be nerve wrecking to consider starting a new business, especially when you have to leave your job behind, and if you’re supporting a family it can be an even more difficult choice.

Still, without risks there are no rewards, or so they say.

Ask yourself these questions to make sure you’ve considered all parts of the laborious process that registering a new business can be:

Do you have the capital to see it through?

One thing is to consider the price of a company incorporation, but te other is to make sure that continued costs of operation will not hinder the success in the long run. In other words, you need to make sure you have enough money stashed away for a rainy day,  week or even month.

How much of a risk are you willing to take?

If you have children depending on you to feed them, perhaps you should not spend your life savings on that great idea your friends and you got last night. But without any risks at all, little is ever gained. Find out where the balance between risk and reward makes the most sense to you and your surroundings.

How much time will it take to make profits?

It’s not always that turning the “Open” sign will automatically lead to profits. Sometimes you need to build up a reputation, a brand an a userbase. This can take years, even when you are working 50 hours a week on it, so make sure to have room in your business plan for quick profits too.

Is it worth taking a loan for?

There might come a time where you might need more money than you have to actualize your idea. Consider it wisely before going into debt, but once again: risk to reward.

What business type would it be?

Depending on your country there are hundreds of different types. Let us take how Singapore company incorporation works. There are private limited companies which means you as a private individual do not share the liabilities the company does. So if the company goes bankrupt nobody can come after your house for instance.

How much do you need for utilities and food?

Many people are worried that they will have to cut back on luxury items, but calculate how much money you need for surviving, and take it from there.

Is it difficult getting work if you fail?

A very important part of this is to never burn any bridges. You want to make sure you can go back to work if you fail your business, so it is not advised to break contract rules for instance.

Do you have previous experience?

Finally, do you have any experience in this field? And do you have experience with starting, growing and maintaining a business? If not you might need help sooner rather than later. Consider a consultation with someone you know that has his or her own business, an hour or two with an entrepreneur that is willing to share can be worth 2 years of school!

So risk it, or don’t – just make sure to register your company and follow your dream!

A One Person Company offers sole owners many benefits that are not readily available to sole proprietors. These include the concept of limited liability, the ability to raise larger debts at competitive rates from banks and so on. But at the same time, there are certain drawbacks to OPCs that may make it unsuitable for certain people. Five such drawbacks are discussed below.

Incorporation Limitations

A curious downside of starting a One Person Company is that once you register an OPC, then you are restricted from incorporating any more OPCs. In contrast, you are free to start any number of private limited companies and LLPs. The exact reason as to why such a restriction has been imposed is not clear, but it does not change the fact that such a limitation affects a person’s ability to start multiple ventures with 100% ownership.

Natural Individuals

Only a natural born Indian citizen, who is currently living in the country can incorporate a One Person Company. As such, foreign nationals cannot start OPCs in India. Plus, a company cannot incorporate an OPC since a company is not considered a ‘person’ when it comes to OPCs. As such, if you own a private limited company and wish to start an OPC in the name of the company to use it as a subsidiary or some other purpose, you will be unable to do so under current laws.

External Commercial Borrowing (ECB) Restrictions

One big drawback of an OPC is that they are not recognized by the External Commercial Borrowing and Trade Credits. What this means is that OPCs cannot seek funds from foreign lenders. So, if you are planning to obtain some funds for your venture from outside India, an OPC is not the ideal business structure for you.  But if you are not concerned with foreign funds, then you can go ahead and do a One Person Company registration.

Taxation

An OPC is taxed at the same rate as other private companies, which means a flat 30% charge on total income. However, sole proprietors are only charged at the tax rate applicable to individuals. As such, if you are going to be the only owner of the business, then operating the business as a sole proprietorship is the most advantageous option for you from the perspective of taxation.

No ESOP

A One Person Company only has one shareholder, owning 100% of the business. As such, the concept of an ESOP does not exist within the context of an OPC. So, in case you plan on giving your employees a share of your business in the future, then an OPC is not suitable for you.

If you are concerned about any of the above limitations of OPCs, then you should look at registering other business structures like an LLP or a private limited company. Plus, remember to trademark your business identity to protect it from infringement.  You can easily register trademark online in India by consulting any good trademark registration service.