Innovative Methods to Fund a Newly Set Up Business - Free Essay Example

Sample details Pages: 4 Words: 1212 Downloads: 1 Date added: 2017/06/26 Category Business Essay Type Narrative essay Did you like this example? BUSINESS FINANCE Innovative methods to fund a newly set up business Business Partner When you wish to start a business and you find yourself with not enough capital but are aware of someone who is interested in joining hands with you in your business, you can definitely opt for a business partner. A business partner will not just help in contributing to the capital but will also lend his hands for the functioning of the business. It is very important for the partners to have their goals aligned in the longer run. Don’t waste time! Our writers will create an original "Innovative Methods to Fund a Newly Set Up Business" essay for you Create order Venture Capital Venture capitalists invest in businesses with vast growth opportunities and they do so in the early stage of the business. Earlier venture capitalists used to receive a share in the business but now they demand debt financing and share in the business. Venture Capitalists function on the basis of making a couple of huge wins to cover up their ample failures. It is known that three forth of the businesses receiving funding in this method fail. Second Mortgage The following loans knock into the protected equity one may have in their home. One can calculate how much one can borrow for the second mortgage by considering the value of the home and subtracting it by yet to be paid mortgages. The interest rates are very low compared to other sources of funding. One must be cautious as there are instances where lenders only lend up to 75-85% of the real value of the home. These are also called as home equity lines of credit. Credit Cards Credit Cards are looked upon as a transitory measure between getting ones venture started and getting financing such as a loan. Credit Cards have very high interest rates which makes hardly possible for business to consider it as a long term capital. Credit Cards have mostly been used in the situations where the entrepreneur had no other alternative to get funding for his business. Even the founders of Goggle have funded their company with the help of a credit card in the mid 90s. My own uncle funded his textile business temporarily with a credit card when he had no other options. Family and Friends Lending money from your family and friends can be very risky when it comes to a startup. More than 40% of times people lending from family and friends have failed. Collecting funds from your family can make the situation more complex and ruin personal relations. But if you share a very comfortable relations with your peers it is not a bad option if your business becomes successful even family and friends benefit from it. One must always remember to draw documents before indulging in the type of funding method. Crowd funding Crowd funding allows the public to fund your projects using their own funds. One has to pitch in the idea that one wants to see funded. It is up to people if they like your idea or not and if they it is up to them on how much they want to invest. A lot crowd funding websites use reward base model where the investor reward as the product that they have invested in. This reward base model seems to changing to equity for reward. The popularity of crowd funding is increasing by the day and some of the crowd funding websites are Fundable and Kichstarter Product presales Selling your products is an often-overlooked and highly effective way to raise the money needed for financing your business. Entrepreneurs can raise funds with a pre sale of their products. The biggest challenge is in coordinating the inventory delivery times from the supplier so that we could start fulfilling orders. Another challenge is forecasting the number of units we can pre sell, resulting in a shortage. Entrepreneur Priska Diaz was able to raise $50,000 for her companyBittylabwith a presale of her Bare air-free baby bottles. Her presale efforts allowed her to drive website traffic, get additional social media followers, and offer discounts to customers. The money Diaz was able to raise helped her pay for inventory, and also helped to open some doors in retail and learn about her websites visitors. Though Diaz was able to benefit greatly from this means of financing, there were still some difficulties to overcome.  · Side business New business owners can try double-dipping as a means of funding their startup. Entrepreneur Alex Genadinik used his revenue from tours he organized on ComeHike.com to launchProblemio.com, which builds mobile apps for planning and starting a business. After receiving donations for some of the free hikes he led, Genadinik began to charge for events, where he marketed his new site to hikers. I tried everything else before that, including monetizing with ads and becoming an affiliate reseller for outdoor gear, but it didnt quite work, Genadinik said. This allowed me to work on my project without the distraction of looking for investors.  · Selling assets Sometimes, you may have a financing method and not even realize it at first. That was the case for entrepreneur Hamid Saify, who was able to fund his opinion-sharing community,ChoicePunch, by selling a car he had wanted to pass along to his children. Though it was a tough decision, Saify was able to make $30,000 from the sale of the car. That money, in turn, went toward some very important aspects of the fledgling startup. I used some of that money to help with the last payments to our design and development contractors, Saify said. The rest I put into our account and used to help support marketing during our beta launch months.  · Winning a contest Other times, businesses can benefit from a bit of luck. That was the case for Roberto Torres and Luis Montanez, who funded a portion of their startup costs for apparel companyBlack Denimwith winnings from abusiness-plancompetition. We utilized the funds to purchase manufacturing equipment that allowed us to scale our products and meet demand, the owners said. This advantage gave us the opportunity to increase our production and get into bigger players like Stein Mart and Walt Disney World. The competition also gave us access to business experts that asked us the tough questions while allowing us to retain our equity à ¢Ã¢â€š ¬Ã¢â‚¬  a perk that would have been very difficult to obtain otherwise.  · Renting out your home or apartment Cutting out liabilities is another creative way for new business owners to fund their startups. For Fay Johnson, founder and editor ofdeliberate LIFE, that meant renting out her apartment. Johnson was able to do this by placing her San Francisco apartment on Airbnb and renting it out for anywhere between five nights and a month at a time.The decision has been successful for Johnson, who has used the money raised to fund the costs of the first few issues of her magazine. Though the move has allowed Johnson to finance her startup, it has not come without its share of headaches, including tight time restraints. As an entrepreneur, time is one of your most valuable resources, Johnson said. When renting, I have to keep in mind that I need to clean and reclean the apartment, and since I work from home, I also have to find a place to work during those days. ARSH BHATIA 4BBA-B (HON) 1311706

A List of Programming Contests and Challenges

Link to C TutorialsLink to C TutorialsLink to C# Tutorials Not every programmer wishes to test his programming skills in a contest but occasionally I get a new challenge to stretch me. So here is a list of programming contests. Most are annual but some are continuous and you can enter at any time. The experience of stepping outside your programming comfort zone is entirely beneficial. Even if you dont win a prize, youll have thought in new ways and be inspired to have another go. Studying how others solved the problem can also be educational. There are many more contests than I have listed here but Ive winnowed these down to ten that anyone can enter. Most important of all you can use C, C or C# in these. Annual Contests International Conference on Functional Programming (ICFP). This has been running for a decade and happens in June or July each year. Though its based in Germany, anyone can enter using any programming language, from any location. Its free to enter and your team isnt limited by size. In 2010 its from June 18-21The BME International is an intense free to enter contest that takes place in Europe once a year for teams of three, and you have to bring your own computers and software. This year, the 7th took place in Budapest. This has had some interesting challenges in the past- how about driving a car over a virtual terrain? Other past tasks included controlling an oil-company, driving an assembly line robot and programming for secret communication. All programs were written in one 24 hour intense period!International Collegiate Programming Contest. One of the longest-running  Ã¢â‚¬â€ this started in 1970 at Texas AM and has been run by the ACM since 1989 and has IBMs involvement since 1997. One of the bigger contests it has thousands of teams from universities and colleges competing locally, regionally and ultimately in a world final. The contest pits teams of three university students against eight or more complex, real-world problems, with a gruelling five-hour deadline.The Obfuscated C contest has been running for nearly 20 years. This is done on the internet, with email submissions. All you have to do is write the most obscure or obfuscated Ansi C program in under 4096 characters length according to the rules. The 19th contest took place back in January/February 2007.The Loebner Prize is not a general programming contest but an AI challenge to enter a computer program that can do the Turing test, ie talk to a human sufficiently well to make the judges believe they are talking to a human. The Judge program, written in Perl will ask questions like What time is it?, or What is a hammer? as well as comparisons and memory. The prize for the best entrant is $2,000 and a Gold Medal.Similar to the Loebner Prize is the Chatterbox Challenge. This is to write the best chatter bot- a web-based (or downloadable) application written in any language that can carry on text conversations. If it has an animated display that syncs with text then that is even better- you get more points!International Problem Solving Contest (IPSC). This is more for fun, with teams of three entering via the web. There are 6 programming problems over a 5 hour period. Any programming language is allowed.The Rad Race - Competitors in teams of two have to complete a working business program using any language over two days. This is another contest where you have to bring along equipment, including a router, computer(s), cables, a printer etc. The next one will be in Hasselt, Belgium in October 2007.The ImagineCup - Students at school or college compete by writing software applicable to the set theme which for 2008 is Imagine a world where technology enables a sustainable envir onment. Entries started August 25th, 2007.ORTS Competition. ORTS (open real-time strategy game) is a programming environment for studying real-time AI problems such as path-finding, dealing with imperfect information, scheduling, and planning in the domain of RTS games. These games are fast-paced and very popular. Using the ORTS software once every year there is a series of battles to see whose AI is best.The International Obfuscated C Code Contest (abbreviated IOCCC) is a programming contest for the most creatively obfuscated C code. It started in 1984 and the 20th competition started in 2011. Entries are evaluated anonymously by a panel of judges. The judging process is documented in the competition guidelines and consists of elimination rounds. By tradition, no information is given about the total number of entries for each competition. Winning entries are awarded with a category, such as Worst Abuse of the C preprocessor or Most Erratic Behavior, and then announced on the offici al IOCCC website. Theres no prize except if your program is featured on the site then you won!Google Code Jam. Running since 2008, its open to anyone aged 13 or other, and you or a close relative dont work for Google or a subsidiary country and you dont live in a banned country: Quebec, Saudi Arabia, Cuba, Syria, Burma (Myanmar). (The contest is prohibited by law). Theres a qualification round and three other rounds and the top 25 travel to a Google office for the Grand Final. Continuous or Ongoing Contests Hutter Prize. If you can improve on the compression of 100 MB of Wikipedia data by 3% or better then you can win cash prizes. Currently, the smallest compression is 15,949,688. For every 1% reduction (minimum 3%) you win â‚ ¬500.Project Euler. This is an ongoing series of challenging mathematical/computer programming problems that will require more than just mathematical insights to solve. computationally the problems should be solvable in less than a minute. A typical problem is Find the first ten digits of the sum of one-hundred 50-digit numbers.Sphere Online Judge. Run at Gdansk University of Technology in Poland, they have regular programming contests - with over 125 completed. Solutions are submitted to an automatic online judge that can deal with C, C and C# 1.0 and many other languages.Intels Threading Programming Problems. Running from September 2007 until the end of September 2008 Intel have their own Programming Challenge with 12 programming tasks, one per month that can be solved by threading. You get awarded points for solving a problem, coding elegance, code execution timing, use of the Intel Threading Building Blocks and bonus points for posting in their problem set discussion forum. Any language but C is probably the preferred language.Codechef is Indias first, non-commercial, multi-platform online coding competition, with monthly contests in more than 35 different programming languages including C, C and C#. Winners of each contest get prizes, peer recognition and an invitation to compete at the CodeChef Cup, an annual live event. Annual Contests Hewlett Packard (HP) Codewars is for high school students and takes place every year on Hewlett-Packards Houston campus. its been run every year since 1999. Not only do students get the high-tech HP environment, a wide range of programming challenges, large amounts of good programmer food (pizza and caffeine), music, plus loads of giveaways. There are trophies for the top competitors in each of two classifications, plus loads of exciting door prizes like computers, scanners, printers, software, and accessories. This is the ultimate high school computer programming competition. Dont forget the About C, C and C# Programming challenges. No prizes but you get fame!

A Comparison of the Creation of Man in Various Schools of...

In the beginning, there was nothing. Then there was something. How this happened has long been a point of contention and has been widely regarded as one of the greatest mysteries of mankind. For as long as humans have stared into the inky blackness of the night, have they sought to find answers to this great question – how did we get here? The ancient tribal peoples of Israel believed that their God, Yahweh or Elohim, created the world in a period of just a few days, and created man to watch over his creation. They believed in a Creatio ex Nihilo (â€Å"creation out of nothing†), where one omnipotent being shaped the world and Man before setting them to their own devices . However, the ancient Greeks had a different creation myth. They believed†¦show more content†¦Soon, however, man grows lonely, so God creates for him a woman out of his rib . Upon laying eyes on God’s creation, Adam proclaims that she is perfect for him and names her Woman, for she was born of Man. So while these texts do contain some contradictions, many argue that they can easily be taken together as one overarching mythos. For instance, the first Chapter is often viewed as an overview of what happened, a synopsis of the entire mythology, whereas the second Chapter is viewed as an in-depth view of what had occurred. For instance, when it says that a great welling up occurred to water the plants, it refers to God’s creation of sprouting growth on day three in the first Chapter, and when it says that man and woman were created at once in the first Chapter, it is just stating that they were created at very nearly the same time. Even as some contradictions cannot be resolved, it is easy to dismiss them as mistranslations of literary liberties taken by the authors, and instead examine the overarching themes of the mythos. These constant themes are many, but a few of the important ones are: Gods creation of the universe from pure will, Gods personal creation of man, and How God concerns himself directly with his creation (in the early days). These themes are found in Genesis, but are notably absent from both Theogonic and Darwinian mythos. In the Theogony, the creation of man went very differently. Instead ofShow MoreRelatedComparison Of CS Lewiss Works and JK Rowlings Works1104 Words   |  5 Pagesfrom various perspectives, incorporating altruism; and this comparable adoration could be seen in Harrys love for his educator and companion, Albus Dumbledore, and additionally Dumbledore for Harry. Similarly in Narnia, we can see this same sort of affection in the Pevensie youngsters for one another, and the principal, in Aslans love for the kids and his Literary Works of Comparison 3 creation, theRead MoreThe Clock Building, Not Time Telling, By James C. 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Higher Education Reform Samples †MyAssignmenthelp.com

Question: Discuss about theHigher Education Reform Australia. Answer: Introduction Education is a process in which people are equipped with knowledge; it is a basic requirement for all economies. Education has a great influence on the nations economic performance. For instance it is the major factor behind the employment of workers in an economy; employment is done only to those who possess certain skill; those without are disregarded. Over the years, development were experienced until schools were established. The primary school education is basic to every Australian child; the Australian government has established many public schools to facilitate the accessibility of children to schools. It has also provided free primary education to ensure equality in the acquisition of education. The secondary schools is the subsequent stage followed by the tertiary education. After completion of secondary education, students proceed to the tertiary institutions where they specialize on the acquisition of specific skills. However, not many students have been able to join tertiary institutions; some of the factors limiting the entrance is poor secondary performance and the high fees payable in these institutions. The government has implemented some educational reforms with an objective to help most students to acquire tertiary education skills (Education.gov.au, 2017). Parents and students will require this information in getting awareness of how tertiary education could be achieved at the lowest cost. It will also help the government in budgeting for the funds set aside as a promoter to achieving higher education. Economic Analysis Zajda and Rust (2017) noted that globalization is a driver for higher education reforms. The access to tertiary education has been on a limited number of students. In order for the government to raise the number of students who join tertiary education, it has proposed reforms to cut the payable fees. According to Croucher (2017), the Higher Education Participation and Partnerships Program (HEPPP) is part of the ongoing legislating initiative reform with an objective of promoting equity and accessibility in universities. The government has always offered support in paying some proportion of the school fees the university students are required to pay; this was to help as many students to attain the higher education at a lower cost. However, the number of university enrolment in Australian universities have gone down and thus need for more reforms to stimulate the enrolment. According to Doyle (2017), the pre-budget announcement was made by Simon Birmingham the Australian education mini ster in 2017. It propose an increase in university fees by 1.8% per year for the period between 2018 and 2021. Bexley (2017) noted that in overall this increase will be 7.5% and will raise the students fees by $2,000 to $3,600 for the four year course. The concept of demand and supply is applicable in this case analysis; by paying a larger proportion of school fees for the student, the government is only able to support a limited number of students. The reform proposed is to lower the proportion of school fees payable by the government; the surplus after the reduction would be used to fund more students and the enrolment rate would rise. The proposal requires that the student will pay a higher school fees if passed. There however exist a challenge in implementing this reform since there are many parties that are against it. Most importantly, the university students are not willing to accept any increase in their school fees as a support to promoting the reform. The analysis from Deloitte shows that there has been a 9.5% increase in the cost of providing university education as from 2011 to 2015 (Croucher, 2017). If the funding by the government was cut, the amount of money expected to be relieved for other students as at 2019 is pr ojected to be $380 million. The speculation of fees increase due to the increased teaching costs is 25%, but the proposed reduction in governments funding is 20%. The proposal to cut the funding has been in place since 2014. The idea has been criticized since then and thats the major reason why it has not yet been implemented. Massaro (2016) forecasted a reduced proportion of government expenditure from 0.5 to 0.4% of its total GDP. The budget has been rising every year since 2002 and is projected to continue rising. Its not clear whether this reduction will improve the higher education. Hare (2017) noted that the cut in funding will be performance-based. Recommendations The government should raise its budget on education expenditure as it is an important component of economic growth. The government could also invest in improving the information asymmetry in the labor market. This would help in ensuring that the university graduates do not take long before getting a job. This would facilitate the fast payment of the higher education debts; when these debts are payable, they are made available for funding the enrollment of other students. The government should analyze the impact of this reform implementation on both the present and the future students. It should consider whether the reform would increase or reduce affordability. Some students may enroll and end up failing to complete their studies owing to the rising school fees. Conclusion The government pays a big proportion of the school fees payable to the public universities. This is a good step to promoting higher education. Nevertheless, the cost of education provision has gone up and thus a need to raise the school fees. The government is also concerned by the fact that enrollment in universities has been lower and need to be improved. However, the government is faced by a budget constraint in the stimulation of this enrollment. It therefore means that the governments budget on higher education is insufficient and need to be raised. It is not easy for this proposal reform to be passed it is being argued to create inefficiency. It is not clear whether the cutting of government funding will be able to boost the enrollment in universities since some people may decide to avoid the increased fees by failing to enroll. Some graduates take long before they land into their first job which delays the payment of their debt obligations. References Bexley, E. (2017). Higher education reform: small changes for now but big ones to come. [Online] The Conversation. Available at: https://theconversation.com/higher-education-reform-small-changes-for-now-but-big-ones-to-come-76978 [Accessed 13 Aug. 2017]. Croucher, G. (2017). 2017 higher education reform: cuts to universities, higher fees for students. [Online] The Conversation. Available at: https://theconversation.com/2017-higher-education-reform-cuts-to-universities-higher-fees-for-students-63185 [Accessed 13 Aug. 2017]. Doyle, J. (2017). Students set to face higher uni fees under Government shake-up. [Online] ABC News. Available at: https://www.abc.net.au/news/2017-05-01/university-fees-to-rise-in-federal-government-education-shake-up/8487564 [Accessed 13 Aug. 2017]. Education.gov.au. (2017). Higher Education Reform Package. [Online] Available at: https://www.education.gov.au/higher-education-reform-package-0 [Accessed 13 Aug. 2017]. Hare, J. (2017). Universities attack Birminghams higher education reform package. [Online] Theaustralian.com.au. Available at: https://www.theaustralian.com.au/higher-education/universities-attack-birminghams-higher-education-reform-package/news-story/614c9910b336ebefe31822265dda79fe [Accessed 13 Aug. 2017]. Hill, J. (2017). Australian Education Budget May 2017. [Online] Towards the Final Hour. Available at: https://towardsthefinalhour.com/2017/05/australian-education-budget-may-2017/ [Accessed 13 Aug. 2017]. Massaro, V. (2017). Higher education reform needs to have vision and be affordable. [Online] Theaustralian.com.au. Available at: https://www.theaustralian.com.au/higher-education/higher-education-reform-needs-to-have-vision-and-be-affordable/news-story/de4ecf1f9cee428d1591aa421fa897de [Accessed 13 Aug. 2017]. Zajda, J. and Rust, V. (2016). Globalization and higher education reforms. Switzerland: Springer.