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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.
Saad Mushtaq was born and raised in the busy city of Abbottabad. As a journalist, Saad Mushtaq has contributed to many online publications including the PAK Today and the Huffing Post. In regards to academics, Saad Mushtaq earned a degree in business from the Abbottabad UST, Havelian. Saad Mushtaq follows the money and covers all aspects of emerging tech here at The Hear Up.Thanks
Vice reports that a physicist working at the University of Bristol in the UK has potentially discovered quantum wormholes. Researcher Hatim Salih has proposed an experiment that makes a type of teleportation called “counter-transportation” realistically feasible. However, this isn’t exactly the Star Trek transporter many sci-fi fans have dreamed of over the years. Here’s everything you need to know about Salih’s quantum wormhole experiment.
Salih’s quantum wormhole is a huge scientific breakthrough.
The general theory of relativity of the famous scientist Albert Einstein affirms that hypothetical “bridges” are possible between two points in space-time. However, since 1935, when Einstein presented his theory, the existence of wormholes has been purely hypothetical. However, Salih’s experiment paves the potential way to achieve the longstanding goal of traversing a rift in space-time.
Counterportation comes from “counterfactual” and “transportation” and while similar to teleportation, the two terms are not synonymous. “Counterportation gives you the end goal of recreating an object in space,” Salih said. “[B] but we can make sure nothing happened.”
Although unfortunately, for Salih to achieve true counterportation, they’ll have to wait a few years. The quantum computers necessary to perform the task don’t exist yet in 2023. “If counterportation is to be realized, an entirely new type of quantum computer has to be built,” Salih said. However, development is underway, and Salih hopes to complete it in three to four years.
Wormholes are a classic trope of science fiction in popular media, if only because they provide such a handy futuristic plot device to avoid the issue of violating relativity with faster-than-light travel. In reality, they are purely theoretical. Unlike black holes—also once thought to be purely theoretical—no evidence for an actual wormhole has ever been found, although they are fascinating from an abstract theoretical physics perceptive. You might be forgiven for thinking that undiscovered status had changed if you only read the headlines this week announcing that physicists had used a quantum computer to make a wormhole, reporting on a new paper published in Nature.
Let’s set the record straight right away: This isn’t a bona fide traversable wormhole—i.e., a bridge between two regions of spacetime connecting the mouth of one black hole to another, through which a physical object can pass—in any real, physical sense. “There’s a difference between something being possible in principle and possible in reality,” co-author Joseph Lykken of Fermilab said during a media briefing this week. “So don’t hold your breath about sending your dog through a wormhole.” But it’s still a pretty clever, nifty experiment in its own right that provides a tantalizing proof of principle to the kinds of quantum-scale physics experiments that might be possible as quantum computers continue to improve.
“It’s not the real thing; it’s not even close to the real thing; it’s barely even a simulation of something-not-close-to-the-real-thing,” physicist Matt Strassler wrote on his blog. “Could this method lead to a simulation of a real wormhole someday? Maybe in the distant future. Could it lead to making a real wormhole? Never. Don’t get me wrong. What they did is pretty cool! But the hype in the press?
The success of this experiment could change the field of physics forever.
Additionally, Salih posits that this work is tantamount to the particle acceleration work at the European Organisation for Nuclear Research (CERN). “This work will be in the spirit of the multi-billion ventures that exist to witness new physical phenomena,” Salih said. “[…] But at a fraction of the resources.”
The ultimate goal of the quantum wormhole experiment is to “explore fundamental questions about the universe,” Salih says. And if successful, the experiment could allow scientists to research “higher dimensions.”
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