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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

What Is A Virtual Office And How Can It Benefit Your Company?

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What Is A Virtual Office And How Can It Benefit Your Company

Basically, a virtual office is a service that gives a business owner all of the benefits of a commercial property: an office address and phone number, communication and administrative services, and access to meeting rooms without the need for a physical office space.

The virtual office has become a popular workplace solution for freelancers and entrepreneurs who work from home but want a professional-sounding business address for their business. It gives business owners all the benefits of a physical location without the cost of renting an actual office. A virtual business address can help give company credibility and make it easier to successfully acquire customers.

The most important advantage of a virtual office address

 How a virtual office address can make life easier for business owners:

 Professionalism- Home office and unconventional workplaces are increasingly accepted but for those who want to attract more traditionally-minded corporate customers, their own office address and contact details are worth it.

 Location – A virtual office solution gives business owners an address within a reputable area code, which is a great way to reassure customers that the business is legitimate. State-of-the-art

Meeting facilities – virtual office packages offer access to high-quality meeting rooms for personal customer meetings and telephone conferences.

 Flexibility- Business owners have the option to use the hotdesk from multiple locations, either locally or internationally.

 Efficiency- Working from home and using a virtual office address at the same time saves time and money that would otherwise be spent on the daily commute.

 Budget- A virtual office solution saves costs by eliminating the need to rent physical space, buy equipment and furniture, or hire a receptionist.

 Communication- A dedicated business phone number, maintained by a professional receptionist, ensures smooth communication with all customers. Call forwarding, mail and parcels can also be handled through a virtual office reception service.

 Work-life balance- Teams that work virtually often benefit from more free time and flexibility.

 Finding the Right Virtual Office Space

 Virtual offices are often ideal for small business owners, but they can also work well for larger organizations where many employees work remotely or occasionally in a serviced office.

 If you want to benefit from professional virtual business development, Instant Offices can help you find a world-class virtual office provider in the city of your choice. Expect a fast and efficient virtual office solution with physical address.

For a small business or small business idea that is struggling to get a foothold in the corporate world, the idea of ​​a virtual business address can instantly improve your professional image and give you the much-needed business facility and a more structured correspondence system will give your company a good boost in professionalism and give you the much-needed head start to move forward in the corporate world with more confidence. So create a virtual email address for your business today.

If your business is just getting started, most likely you are running your office from home. However, can you use your home address as a business correspondence address for your customers? Yes, you can, but at the cost of losing a significant part of your reputation. On the other hand, investing part of your capital budget in owning or renting office space in a busy city center can have an early impact on your business with no guarantee of profitability. Head to https://physicaladdress.com/ for more help related to Virtual Office.

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Preventive Maintenance Tips For Residential Plumbing Systems

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Preventive Maintenance Tips For Residential Plumbing Systems

Understanding how your home’s plumbing system works and doing preventive maintenance can be extremely helpful in avoiding minor nuances such as small leaks to major problems like burst pipes altogether.

Start Caring For Your House’s Plumbing System Now 

To get started, it’s recommended to have a basic knowledge of almost everything in your plumbing system. Usually, it may include having general knowledge of everything that uses water in your house such as the sinks in your laundry room, bathroom, and kitchen as well as your appliances like washing machines and cloth dryers.

Being knowledgeable with all of these can easily help you pinpoint the possible root causes of plumbing issues your household may encounter. Plus, you’ll be able to provide better maintenance to your plumbing system for it to last longer. To know more information on how to handle your plumbing concerns, visit the PlumbCorp Plumbing website and other related references available online.  

Whether you’re planning to do-it-yourself (DIY) your way through or hire professionals to do the job for you, below are some of the preventive maintenance tips you should always take note of in caring for your house’s plumbing. 

  1. Check Your Plumbing System’s Water Pressure Regularly

One of the ways to keep your plumbing system in good condition is to ensure that the water pressure in your property is at an optimum level at all times. You may test your system’s water pressure using an instrument called a pressure gauge. To ensure that your home’s pressure stays at a safe level, use and install a pressure regulator.

You can also enhance the water pressure by cleaning shower heads for they may possibly be filled with sediments that decrease the flow of water. Having better water pressure in your showers and taps means having an efficient plumbing system. Inconsistent pressure in your faucets may result in them bursting out of nowhere and other related concerns.

  1. Look For Plumbing Problems And Fix Them Early

Small plumbing issues have a way to eventually develop into big-ticket plumbing problems if they’re left unchecked. What started as a small manageable leak that’s easy to repair can grow into a big pipe issue that may cause serious water damage and require expensive repairs. Thus, it’s always better to perform preventive checks early on rather than patching up solutions to issues later on. 

Issues such as standing water that’s left in the pool, for example, may attract mold. This can be harmful, so if you’ve noticed standing water or leaks, resolve them immediately. Fixing leaks as early as possible can save you money in the long run. This is because dripping faucets or showerheads may waste more water and could add up to your monthly bills.

  1. Use Metal Showerheads And Faucets

It’s advised to pay attention to the quality of materials of your showerheads, faucets, and other components of your residence’s indoor plumbing. While it’s okay to choose plastic-made items because they’re cheaper, they’re believed to be prone to water leakage eventually. When compared to showerheads and faucets made from plastic materials, ones made from copper, brass, or bronze are said to be highly resistant and durable to corrosion and leaks.

  1. Locate Your Shut-Off Valve

If you notice lots of water pouring out of your toilet or if you like to work on your plumbing system by yourself, you’ll need to shut down the main water supply source in your home. In this case, you should know where your plumbing’s shut-off valve is. Once you know its whereabouts, it’ll be much easier for you to perform your maintenance schedule for your plumbing system.

  1. Determine What Type Of Pipes You Have

If your property was constructed decades ago, its pipes are most likely made out of materials like galvanized iron which is prone to leaking and rusting. Water running through rusted pipes may carry with them harmful foreign bodies which render the water unsafe for human consumption. 

To know what water pipe types you have on your property, you can pay a licensed plumber to know what they’re made of and their current condition. Depending on the pipes’ make, you’ve got to get them looked at regularly by professionals to ensure they stay clear, clean, and safe to use.

  1. Follow A Maintenance Schedule

Another preventive maintenance tip you should never forget for your plumbing system is to set a regular schedule for maintenance checks. It’s easy to spend most of your free time on other tasks at home, but if you have a schedule in place you’ll quickly remember about your regular plumbing maintenance.

With a maintenance schedule, you won’t only be able to catch small problems before they become bigger. But also, you can track your inspections or any repairs done on your residential plumbing.

  1. Check All Appliances And Exposed Pipes For Water Leaks

Your refrigerator, disposal, or water heater can all be sources of leaks. Look at the requirements of the brands to maintain your appliances. Check for any visible signs of leaks, such as puddles of water and water stains on the ceiling or walls. 

To limit the damage of leaks, have a drip tray under your washing machine or water heater to serve as a catch basin for residual water. Have the collected water removed on a regular basis to prevent mosquito larvae and other harmful microorganisms from forming in them? 

Conclusion

If you want your plumbing system to last, performing preventative maintenance can help you avoid undertaking major repairs in the long run. If you don’t know where to start and what to consider, don’t forget to keep the abovementioned tips in mind and always hire professionals to help you deal with major plumbing issues. 

While other repairs can be done on your own, hiring plumbing experts can make a difference as they have the skills and years of experience to properly manage and forward lasting solutions to your residential plumbing woes. 

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BUSINESS

Installing A Drawer Yourself: What Are The Steps?

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Installing A Drawer Yourself: What Are The Steps?

Even though there are a lot of options for putting up 10-inch drawer slides, we usually settle on all-around ball-bearing slides. The drawer doesn’t tip out or restrict as we would find with other models. They are also easy to introduce, so they are ideal.

Follow along with this DIY Drawer tutorial: notable saw or switch required and learn all the fine details along the way. Please read the following instructions.

Note the drawer slides position

The drawer floor is 814″ high, so close to each side divider you should mark a measurement of 814 crawls. Make sure the dividers are level on each mass inside the bureau by using the impressions and a straightedge. Each line should be etched seven-eighths of an inch from the edge of the bureau. The inset of 1/8-inch allows space for both the thickness of the drawer front and the thickness of the drawer back.

Place the slides in their proper positions

With the line in front of you, align the bottom edge of the 10-inch drawer slides. The slide should be positioned behind the marked sign toward the heart of the bureau.

Let’s get started with the slides

In order to see both screws opening arrangements for the slide, please push the extension forward after the slide is immovably set up. By using a drill/driver, make shallow pilot holes in front and behind a single screw opening. The slide can be mounted inside the bureau by screwing the screws provided. Similarly, the next drawer slide needs to be installed on the opposite side of the desk using steps 2 and 3.

Make a print on the drawer sides

Using a pencil, draw a line along with the dividers on the compartment’s sides. A straightedge should be used to draw straight lines on each side of the drawer box.

Put the slide in the proper spot

Separate the slide from each drawer, and place it on the side on which the drawers are stacked. Orient the 10-inch drawer slides flush with the drawer box so that they are centered.

Put the drawers into the slides

Drill a hole in the drawer and screw in the 10-inch drawer glides using the driver and screws provided.

Attach the drawer

Adjust the drawer so that it is level with the desk. There is a drawer slide inside the bureau that is attached to the drawer track. By gently pressing both sides of the drawer, it will slide into place.

Although the drawer might sometimes have issues gliding back and forth when the slides are locked in, it should generally glide back out again as soon as the slides are unlocked.

Affix the drawer front to the drawer

To finish the drawer box, the wood paste should be applied. Make sure the top and side edges of the holes are in the same place on the drawer front. Clasps should be used to attach the drawer front to the drawer box.

Join the drawer front

When installing the drawer, carefully open the drawer and insert the bolts through the openings and onto the drawer front.

For more information please visit Some Tips To Improve Your Kitchen’s Efficiency

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