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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

Store all you need with Storage West

Umar Nisar

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Store all you need with Storage West

Storage West is a company that provides self storage facility to its customer. The company is based in four states Arizona, California, Nevada and Texas and provide services at 59 locations in Western, United States of America. Storage West was formed in 1978 to fill the need with high class storage at reasonable prices. The goal of this service is to provide safe, clean and secure storage facility for businesses as well as individuals.

Whenever we use any service the first thing that comes to our mind is the security of our belongings. We use all our resources to keep our assets secure, safe and in a clean environment. Storage West guarantees the security of our belongings with security cameras and security guards that make sure everything is okay. But in case any damage is occurred to the asset or it is stolen then the company covers the damage of upto 3000 dollars. This gives the customer a peace of mind that all his belongings are safe with this facility.

Storage West makes sure that the environment is clean and hygienic. Customer is unable to keep his storage unit clean as he may or may not visit the storage unit on a daily basis. But Storage West takes full responsibility of cleanliness and every corner is cleaned on a daily basis to avoid any type of the garbage or bugs. This makes the customer more satisfied as he knows that whether he checks on regular basis or not, all his belongings are kept in clean environment and no rust or damage will be occurred to any asset.

Storage West also provide free move in truck with rental. After signing the standard truck use rental agreement the customer can use truck for moving for 7 hours during business days. Signing up is as easy as one can sign up the rental service by visiting the location or online by submitting a form to speed up the agreement process. Storing merchandise, supplies or inventory is made very convinenet. Storage West will receive your inventory or asset on your behalf and it will be kept in your storage unit with care which you can access anytime.

In conclusion, this self storage facility is very business friendly and works keeping in mind the needs of the customer. Storage is made very easy and accessible. They have satisfied clients who refer this service to avail the benefits of the storage facility very professionally. They have trained staff who handle everything professionally, and they have an experience of more than 40 years in this service. Storage West also offers referral program through a discount card that offers 25 dollars-off their first month’s rent whenever they rent any storage space from them. So, if you are looking for self storage facility in West then Storage West is one of the best option to choose from.

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Advantages of Buying Flowers Online

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Advantages of Buying Flowers Online

Flowers without a doubt are the most famous and the most appreciated among all gifting things. We completely love presenting them and receiving them as the best gifts. Flowers are an excellent way to express the most inhibited feelings. Gifting flowers is the easiest way to convey different emotions, which involve expressing love, showing affection, sending get well soon and other good wishes, lending a hand for friendship, saying sorry and many more.

However, it is not always practical to take out some time from our busy lives to visit the local florist and give us the greatest that we are expecting. Also, it is extremely disappointing to find that the flower of your selection is out of stock. The local florist may not be capable to display all the good varieties. The most helpful solution to all these problems is ordering flowers online. With different information technology mediums, purchasing almost everything online is possible which involves fresh flowers too.

Buying flowers online has a lot of benefits. Following are some of them that make a difference.

Convenient Way to Shop

Buying flowers online is the easiest way to shop. You can order flowers of all varieties from wherever you are. These virtual shops are open 24/7 and therefore there is no need to worry about the opening and closing timings. With an internet connection on your mobile device, you can order your most favourite bunch of blossoms on the go!

Abundant Choice

The traditional local florists show fewer bouquets as compared to the abundant options available online. With online florists, there are various categories of flowers according to the different occasions such as birthday flowers, wedding flowers, mother’s day flowers, valentine’s day flowers, flowers displaying love, and many more. You need to name the flowers of your choice and you are assured to get them immediately.

Ease of Comparison

A big variety of best flower bouquets is available online with their description and price tags. So, buying flowers online enables simple and easy comparison, making it comfortable for you to reach your choice.

Ordering in Advance

Online shopping provides a flexible choice of ordering in advance and scheduling a date for delivery to a future date. This saves you from adding a job to your to-do list!

Global Delivery

Ordering flowers online enables you to send flowers across the globe at an affordable additional charge for delivery.

Cost-Effectiveness

With no middlemen included and no unreasonable overhead expenses, maintaining a virtual shop is more affordable than running a traditional flower shop, for any supplier. Hence, the supplier passes this additional earning in the form of different discounts and offers, making the purchasing of flowers online an inexpensive option.

Delivery of Fresh Flowers

Reputed online suppliers have their network in different cities. Hence, they have all the set-up in place to deliver good and fresh flowers on the designated date and time.

Payment Options

Buying flowers online is simple and safe. You can purchase flowers using your net banking account, credit card. There is no need to rush to the nearest ATM to withdraw money to purchase flowers. If you are ordering flowers for yourself, you can always pay money on delivery.

With so many advantages, buying flowers online is by far the better choice. Do not resist the attraction, say it with flowers. Only log on to the internet, buy the accurate flowers online and let them do the talking for you!

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5 Steps to Turn Your Home into A Perfect Home Office

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5 Steps to Turn Your Home into A Perfect Home Office

The work culture recently saw a big transition from offices to work from home due to the pandemic. Today, thousands of organizations are moving towards the work from home culture due to safety requirements. If you are one of the people who are thinking about turning your home into a home office, then you have come to the right place. 

These five steps will help you with the makeover of your home into a beautiful and energetic home office, so there will be no more dull days. This decor guide includes various furniture items, from a bed desk to a mini home office with all the Home office furniture you want. You can choose the products according to your needs. 

  1. Find the Perfect Place for Your Home office furniture.

Before you go and start turning things upside down, find a suitable spot in your home where you can set up your office. A place where there’s plenty of sunlight and natural air can be a good spot for your home office. Visualise your idea and project them on that spot to understand what goes where.

  • Make a List of Required Things  

Before you purchase the things, make a list of all your requirements and make sure you don’t miss anything. Here are some of the important things that need to be on that list-

  • An ergonomic office chair needs to be on top of your shopping list. It’s very important to have a chair with good lumbar support, as you must be spending a lot of your time on the chair for office work. 
  • An office desk, standing desk or a bed desk, whichever you are comfortable with.
  • Sufficiently bright overhead lights or a study lamp if you are working night shifts.
  • Power extensions for devices with short cables.
  • Cable organisers to avoid the mess of cables.
  • Office stationery like pens, pencils, whiteboard, markers, staplers, paperclips etc.
  • A storage unit to keep your stuff. 
  • Inspirational posters, wall stickers or photo frames for the decor.
  • Find A Reputed Online Furniture Store 

Once you are ready with the list of things you need to buy, you are all set to make the purchase. It’s better to buy things online from the comfort of your home than to head out in times like these when the whole world is affected by the pandemic. 

Visit your favourite online store’s website or app. Find your required product. Go through their reviews, specification, warranty details, and product images to understand the product better. Make sure the delivery date of the product is suitable for you. Add the products to the cart. Just check out and wait for your products to arrive.

  • Start Building Your Home Office

Once all the products arrive, unbox them and start building your home office. Place the things according to the way you visualised them before. You can make changes as you go on organising everything.

  • Add Plenty of Indoor Plants

There are numerous benefits of indoor plants. Plants help to keep your home fresh and full of oxygen, which will keep you energetic throughout the day. Indoor plants like the bird of paradise, snake plant, monstera and peace lilies are a good choice for your home office. They not only keep your home fresh and cold but improve the decor aesthetics of the room too.

So now that you know all the necessary steps to turn your home into a home office, what are you waiting for? Go and start looking for inspiration for your home office.

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