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Every Entrepreneur in the Business Market can get Funding Now

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Every Entrepreneur in the Business Market can get Funding Now

The Economic Times assess a NASSCOM report to reveal an addition of over 1,300 start-ups in India’s entrepreneurial market by November 2019.

With the addition of these many start-ups, the total number of tech start-ups in the country has grown beyond 9,000, making India the third-largest start-up ecosystem in the world.

Another report presented by Forbes suggests that 90% of these start-ups fail because of lack of innovation and lack of finance to fund their business ventures. Consequently, the concept of entrepreneurial finance comes into the picture.

Having a profound knowledge of the concept and implementing it in the venture will help entrepreneurs do successful business.

They will be able to draft an efficient business and financial strategy needed for the growth of an enterprise and will have profound knowledge about how to get funding for their business.

Acquiring funds for a business is now easier with multiple investment options available in the market and almost every entrepreneur can avail such funds.

What is merchant financing?

In this regard, a merchant finance is an important term that entrepreneurs seeking funds for their business may come across. Such cash advances are beneficial for entrepreneurs who primarily utilise credit card sales, POS and merchant accounts for their business operations.

Financial companies offering such loans will have a track of business transactions made using debit and credit card.

There is no repayment tenor fixed for the loan and financial companies deduct a fixed percentage of daily transactions as a form of repayment.

Meaning, businesses pay more on a day when they get higher profit or more business and less on other days.

What is external financing?

It is a method of acquiring funds from external sources for businesses that are facing a deficit or may need the same to expand or upgrade existing business operations.

Entrepreneurs can avail a business loan and make use of the amount availed to establish and expand their business unit.

Financial companies offer up to Rs.35 lakh to entrepreneurs to finance their business operations with such loans.

Further, a leading non-banking financial company Bajaj Finserv has simplified the loan application procedure further for customers with their pre-approved offers. Such offers are not only limited to business loans but are also available on several other financial products such as home loans, personal loans, etc. Customers can check out their pre-approved offer now by submitting their name and contact number.

Nevertheless, they need to be eligible to avail loans as specified by financial companies. Also, they need to provide business loan documents in favour of their application such as KYC documents, business registration certificates, bank account statements, and copy of income tax return filing receipts.

Subsequently, entrepreneurs should adhere to good financial habits to better manage business growth. Seeking financial assistance is vital to expand business operations or to meet operational deficits.

Individuals looking to grow their business should implement entrepreneurial finance strategies to ensure –

  • They accumulate the required funds from reliable sources conveniently.
  • They know how to invest the funding into their business.
  • They know what amount to borrow.

Tips businesses should follow while availing loans

  • Capital structure

Capital structure is the method in which a company decides how to finance various short-term operations using debt and equity. They often compute debt to equity ratio for estimating risks involved in a business venture.

  • Working capital management

Companies firstly should know how much working capital their business needs to have so that it can meet the operational expenses. Computing working capital is essential as it helps entrepreneurs determine the volume of liquid funds required to meet operational expenses.

Getting a brief idea about entrepreneurial finance will help start-up owners to acquire and manage their finances optimally. They will be more informed about the convenient ways to avail funding for their business.

Conclusion

With India becoming the 3rd largest start-up ecosystem in the world, there are immense growth opportunities for fledgeling enterprises. These growth opportunities come along with an abundance of financial solutions as well.

BUSINESS

Black Insure a personal finance company founded by Michael Aremu & George Oni

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Black Insure a personal finance company founded by Michael Aremu & George Oni

Founded by Michael Aremu & George Oni in October 2020, Black Insure is a personal finance company that serves as a digital matchmaker to underserved communities. 

A core problem within the communities they serve was a Lack of knowledge regarding finance & finance related products, low trust between minority communities and financial instituitons due to historical financial discrimination among minority communities.

“After experiencing the disparity and limited inclusion of people of color within the financial system, we knew that something had to change and that is why we started Black Insure to build better bridges. By educating, leveraging technology, people and partnerships, we hope to create a better society where finance is open to everybody and it is our life’s mission to accomplish that.” As said by the founders.

Black Insure has built a free and easy to use platform that provides  7 financial pillars of services which include: Insurance, Loans, Credit cards, Debt Solutions, Business, Banking & Investing. They  tailor-make content & services in these various pillars that are specifically made and targeted to our target demographic. They  also put a twist on it to make it fun & relatable.

They have built some notable partners with big financial institutions in America from Insurance companies to Lenders, debt solution providers, brokerages and much more. 

Their 3 main pillars are Insurance, Loans & Debt Solutions :

  • Growing demand for various Insurance products within the community
  • Lack of awareness of loan products that majority of households qualify for
  • The black median household debt is $30,800. Only 40% of these families have good credit leaving 60% with fewer options of acquiring debt for growth such as homeownership, starting/growing a business

Black Insure is mission-driven and focused on bridging the financial wealth gap and financial disparity in America.

To learn more about Black Insure, check out their platform

https://www.blackinsure.com/

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BUSINESS

Magento Development – Best Way to Develop and Design Your Online Store

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Magento Development - Best Way to Develop and Design Your Online Store

Magento is one of the most significant websites available on the internet. This website is famous for offering the best and the most common customization options to users. Nowadays, Magento has become the most efficient and popular e-commerce market in the world. A person must know about Magento Webshop.

There are several benefits that you can have by using Magento. Magento has helped a lot of people in building, designing, and developing their online stores. Some of the most prominent features and benefits of using Magento for development are as follows.

1.      Powerful and efficient platform

The first and the most significant benefit of using Magento for developing and designing websites is that this is one of the biggest and strongest platforms. This is a powerful platform that can meet all your needs and requirements of starting an online business. So, if you are using Magento for store development, you do not need to worry about its performance and efficiency. 

2.      SEO friendly website

The second most prominent benefit of using Magento for business development is that Magento is SEO-friendly. This website was built by keeping SEO in mind. This website generates SEO-friendly options and URLs. 

3.      Fast loading website

One of the most important benefits of Magento 2 is that it is a website having great speed. The world is full of users, and Magento 2 is famous for having a matchless loading speed. According to Google statistics, the majority of the users do not use those websites that take more than 3 seconds to load. Magento is often used as it has a great loading speed.

4.      Flexible and better content management

One of the most important factors and benefits of Magento and Magento 2 shows that Magento is one of the most flexible websites. Magento allows the most customizable options to the customers. Magneto has an efficient, intuitive page editor. 

5.      Highly customized website

Another prominent point that can show that Magento Development can be beneficial for you is that it offers customized options for the people. People can have the right chances and categories to improve things. Everything is customizable on Magento Development. You need to develop a highly developed and customized store that is equally coded from the start. The platform should also offer several options for payment methods, shipment options, and different languages for better ease of customers. Magento has proved to be the most functional platform.

6.      Better reporting 

Last but not least significant thing that can show Magento development is a great way that helps in designing and developing the online store is that they offer advanced reporting. Countless high-end reporting features offer almost 20 reports in the web interface. The major insights of the business, such as custom products, services, and orders, are given a reporting feature. 

The final words

These are some of the most significant points that show the benefits of Magento Development. These points show that Magento Development is the best way to design and develop your online store. 

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BUSINESS

Unsurpassed Decentralized Exchange Software

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Unsurpassed Decentralized Exchange Software

In the world of cryptocurrency business there are many types of decentralized software are available. Out of which we have certain best type of decentralized exchange software scripts are mostly preferred by many cryptopreneur or developers or agents of this type or an expert in order to market their business to the world of cryptocurrency and attain the best or attracted the best potential customer to purchase the cryptopreneur’s coin for the great deal of income as a revenue point of view as well. Let’s see about some of the unsurpassed decentralized exchanges who creates the decentralized exchange software for the NFT cryptopreneur for their business in order to support them on how to create, secure, suggestion on how make the best revenue among many competitors available in the NFT marketplaces.

These are the list of decentralized exchanges creating the decentralized exchange software for the cryptopreneur for their business. 1inch network, VoltSwap Meter, Phantom, Zerion, Zapper.fi, pancakeswap, Bisq, coin98 finance, Loopering, parawsap, balancer labs, fulcrum, totle, bancor, tokenlon, mStable, demex, DMEX, stellarX, SWFT, Dogeswap, NFTX, bogged finance, augur, smartDEX. These are the exchanges will function as a great support on creating the decentralized exchanges software for many cryptopreneurs or business magnates for their NFT business as per their requirements. Moreover, the services of the decentralized exchanges of created decentralized exchange software continuously keep a close watch over daily business progression as it has a robust admin panel and user dashboard which would help the users in better regulation.

While creating the decentralized exchange software script by the decentralized exchanges, the experts in the development team must also have to focus on trading engine, atomic swaps, order book, user interface, payment instruments, internal messenger, Admin panel, liquidity, customer support channel and so on in addition to the general supports while deployment of the software to the valuable customers. Due to this invaluable features and services of this type of decentralized exchange software company it becomes more advance level compared to the different competitors available in the marketplaces based on the new requirements of the customers day by day in different regions from different level of expectations as well. Which means that as the business needs increases the option of exchanges of currency of coin based on which the development of decentralized exchange software process also will depend on it and so on.

Since, the authentication process differs from one site to the other sites as it is a one-time key for entry will be generated, which would be valid for a certain period, after some time it will be expired. Due to this reason, the most of the cryptopreneurs will prefer to have this type of decentralized exchange software as it is more secure way of transaction and will expire if any transaction gets delayed for certain period and it could protect invalid transaction and safeguard the business magnates in all the way. So, once the decentralized exchange software script is ready the businesspeople / experts should be very cautious on its authentication process and its exchange process.

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