6 Ways To Increase Investment in Your Startup

Posted by admin
on November 20, 2017

6 Ways To Increase Investment in Your Startup

KEYWORD PHRASES – raise funds for a startup 

investment
investment

You have a million-dollar business idea and you want to bring it out in the market? And, you are also willing to put in sweat equity to bring that idea to fruition? Great, what next?  

Starting a business is not rocket science, but is no less daunting than that. The first thing that you need to establish a business is money or capital. The stage of raising funds for a startup poses great challenges, but is crucial enough to decide the success or failure of your venture. Right from attracting investors to managing the capital successfully, raising seed money can be daunting if you lack knowledge and fail to strategise. Several aspiring entrepreneurs typically give up on their idea at this stage or fail to establish their business because of the lack of capital.  

Good financial planning and strategising is the key to attract investment for your startup. If you are an aspiring entrepreneur and looking for tips to enhance investment, here is a brief guide to raise funds for a startup.  

 Tap into Your Own Finances 

Investment in your startup plan must start with you. If you do not have enough money to back you, why would anyone lend you? Lacking the money to even partially fund your business plan equals low credibility. No one, including your friends and relatives, will be willing to take chances with their money. Showing credibility is vital to secure investment for your startup. Tap into your savings to fund your business idea. Knowledgeable investors want to see financial confidence and credibility when funding business ideas. They will favour enthusiasts with more than just sweat equity.  

Have the Right Team in Place 

A powerful management team adds value to a business and attracts investors easily. Having sufficient knowledge in the field is not enough to qualify as a strong founding team. Along with knowledge and experience, the right balance of skills is vital to propel businesses to successful heights. Working with someone with a similar thinking process may seem great but can be counterproductive in the long run. This is because the team would lack valuable foundation skills. For example, for a real estate business, a founding team of one with expertise in real estate and the other with knowledge about finance and investments would be fruitful. A team with complementary skills shows strong success rate and will easily attract investors.  

Go for Strategic Investors 

Funding from strategic investors is the best thing your business could get. These investors have interests that align with your business and seek more than just financial returns from your venture. They can be in the form of companies as well as individuals. There are several established companies that seek to expand in new areas or solve their own problems and can bring in investments to profitable ideas that serve as a solution to their demands. Large corporations like Google, IBM, Intel, Microsoft, promote startups through early and later stage investments. Such investors can also end up being potential clients, promoters, partners, and acquirers in the long run.  

Individual strategic investors or angel investor is another option. These individuals not only provide funds but also bring along their valuable skills and advice to your business. While some take an active part in the business, others may act as sleeping partners. Make sure you are willing to part with a good amount of stake when considering strategic investors.  

Consider Clients for Raising Investment  

There’s nothing great than finding a client who finds enough value in your idea to contribute to the seed money. Client investment can come in different forms – they could be early adopters and fund you for a prototype development, they could make a direct investment, or they may share a part of their business operations with you to minimise risk. Ask yourself who are your potential clients and how would they benefit from your product or service? The answer will help you frame a pitch and gain their interest to invest in your company. If you secure the interest of some big names, then you may have the added credibility to your advantage.  

Bootstrap  

The only limited thing in your hand is finances when you are starting out. Bootstrapping or using every penny wisely is the most cost-effective way to enhance your financial resources. Controlling expenses or utilising resources optimally could be beneficial in not only enhancing investment but also in attracting potential investors. Investors would be interested in a team who knows the value of their money and handles it accordingly. Keep fixed costs to the minimum and carefully handle variable expenses. Ideas for bootstrapping include using shared office spaces and equipment, being a part of business incubators, negotiating fees and terms with service providers and suppliers, using technology like to save expenses like travel, hiring fresh graduates, etc.  

Utilise Crowdfunding  

Crowdfunding is gaining wide popularity amongst aspiring entrepreneurs. Unlike other investment options, crowdfunding allows you to gain small amounts of money from the ordinary public. Plus, you need not necessarily provide them dividends as returns. Crowdfunding can be done in various ways. While equity fundraising is one, you can raise donation-based money or provide investors with early access to your products and services in return for their investment. This option is great for individual inventors, entrepreneurs, and those seeking to make a difference in the world through their venture. This investment option is also great for ventures aligned with social issues as such issues pique the interest of the public and can attract investment.  

There’s no one way to raise funds for a startup. A good amount of thought and a strong financial and business plan will ensure you gracefully attract investment and drive your venture toward success.  

 


Quick Credit Pte Ltd

Quick Credit Pte Ltd is the best money lender you will be able to find in Singapore. If you currently need help in anyway, do not be shy and let us know. Anything cash related, we will be able to help you. Our well train loan consultants will be able to come up with a good loan package to help you clear off all your outstanding bills or debts. In doing so, you will help you keep better track of all your expenses and money. We have been a licensed money lender since 2002.

We have the skills, knowledge and people to assist you through the entire loan process while providing you with excellent advice.

In addition, we have one of the highest positive moneylender reviews among money lenders in Singapore. Furthermore, Quick Credit is also one of the few moneylender open on Sunday!

Interested in knowing more about how you can get a loan from us? You can drop us an email at enquiry@quickcredit.com.sg. Our manager will get back to you as soon as possible. Or you can drop us a message here and our manager will get back to you soon.

Alternatively you can call us at +65 6899 6188. Or visit our office at 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601. The nearest MRT station to us will be Jurong East Station.

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How Can Businesses Create a Smarter Workplace

Posted by admin
on November 17, 2017

How Can Businesses Create a Smarter Workplace 

KEYWORD PHRASES – build a smart workplace 

smart workplace
smart workplace

Gone are the days where your day at work ends as the clock strikes 5. Decades ago, your work officially ended as you left the office space and you only come back to it the next day. Today, the advent of technology has changed the face of businesses. Technology has made work easier and smarter. So, is your business using technology at the workplace?  

High productivity and profits are the ultimate goals of any business owner. But, as an entrepreneur, you alone are not going to achieve that. As and when your business grows your team expands and collectively you take your firm toward success. To achieve these goals, entrepreneurs are striving to build an ideal and productive workplace.  

But, what is an ideal workplace? An ideal workplace focuses on smart work. Your workforce can decide the success and failure of your business. Having a smarter workforce is your first step to build a smart workplace. However, with the challenges posed by technology how do you do that? The use of technology in a positive way combined with certain other measures can help you build a smart workplace.  

 

Using Technology to Benefit Your Business and Employees 

Technology helps ease a lot of business tasks. Using the benefits of technology to bring more productivity and flexibility to your business can help create a smarter workforce. How?  

Use it for Easy Communication 

You no longer have to worry about connecting with a potential employee having a day-off for a crucial meeting or going to the employee sitting in a distant corner of the office to communicate an important thing. Technology can do that for you. Using Google Hangouts, Skype, e-mail, etc. to communicate in as well as out of office allows ease and flexibility. If an employee needs to take a half-day to cater to her kid’s needs, they can be available on mail and phone in case of need. This offers work-life balance and ensures productivity is not hampered.  

Digitising Business Operations For Enhanced Organisation 

Technology leads to an organised workforce and business. Disorganised tasks and data lead to low productivity and failures. Use technology to organise business operations and daily tasks. Adopt an electronic filing system, cloud-based accounting software, digital inventory management, productivity trackers, and more to ease business operations. Furthermore, utilise reminders and calendars to set up tasks. Utilising technology to make your business more organised will leave you and your workforce with more time to focus on important tasks.  

When using technology to your advantage ensure you have plans to reduce the disadvantages that come along. For example, spending too much time on social media or constantly going back to email and chats can be distracting. Encouraging employees toward organising their time and identifying the line between breaks and distraction can be helpful.  

Offering More Flexibility  

Research has shown that lack of breaks leads to burnout and low productivity. When you work for days together or even for long hours without taking enough breaks, you may stress yourself out and lower your productivity. To provide employees an encouraging work atmosphere, Indeed, a tech company introduced unlimited paid vacations in 2016. When researched its productivity, the company found that they hit the goals in spite of the fact that its employees took 30 percent more time off. Offering employees the flexibility to take time off work and encouraging them to take frequent breaks during work can take away the work pressure and bring you a healthier and a smarter workforce.  

Provide a Comfortable Environment 

No one likes working in dull and boring spaces. Comfort has a huge impact on employee productivity. Considering the amount of time employees spend at workplaces today, comfort is an important factor to create a smart workplace. There’s nothing worse than an employee showing low productivity because of monotonous work routines or developing a back problem sitting in a single place for hours together. Ergonomics or the study of people efficiency at workplaces and aligning that with your office infrastructure could be helpful in creating a comforting and fun environment. A vibrant and balanced space with alternative seating options can offer employees with a different vibe and in turn, enhance their productivity.  

Continuous Motivation  

Who does not want some encouragement and recognition at workplaces? Everyone does. In fact, millennials continuously seek feedback and motivation. Additionally, they are attracted to workplaces that have employee engagement programs like social events. Feedback is vital to keep and enhance an employee’s productivity. Timely feedback, rewards, and support, offers motivation to employees and encourages them to give their best. Plus, having socially driven activities or fun sessions like company barbeques or lunches can get them excited about work prevent them from slipping them to discouragement and boredom.  

A smart workplace starts with a smart team. Implement these points and build a smart workplace by having a motivated and energised talent team.  


Quick Credit Pte Ltd

Quick Credit Pte Ltd is the best money lender you will be able to find in Singapore. If you currently need help in anyway, do not be shy and let us know. Anything cash related, we will be able to help you. Our well train loan consultants will be able to come up with a good loan package to help you clear off all your outstanding bills or debts. In doing so, you will help you keep better track of all your expenses and money. We have been a licensed money lender since 2002.

We have the skills, knowledge and people to assist you through the entire loan process while providing you with excellent advice.

In addition, we have one of the highest positive moneylender reviews among money lenders in Singapore. Furthermore, Quick Credit is also one of the few moneylender open on Sunday!

Interested in knowing more about how you can get a loan from us? You can drop us an email at enquiry@quickcredit.com.sg. Our manager will get back to you as soon as possible. Or you can drop us a message here and our manager will get back to you soon.

Alternatively you can call us at +65 6899 6188. Or visit our office at 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601. The nearest MRT station to us will be Jurong East Station.

 

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How Do You Manage Your Loan Repayment

Posted by admin
on November 9, 2017

How Do You Manage Your Loan Repayment

KEYWORD PHRASES – managing loan repayments 

Loans scare people. Whatever the interest rate charged (low or high), loans are debts that can burden your financial state and pose obstacles to the path to financial freedom. Although loans are usually the last resort, there are times when they are needed and useful. Be it for a business project or the necessity of a home, loans are taken for various reasons. But, once obtained, many borrowers are haunted by the issue of managing loan repayments. Several borrowers have horrific stories to tell about loans extended till retirement, missed EMI’s and harassing calls from lenders, or heavy penalties.  

The major reasons people face difficulties with loan repayments is the lack of financial planning. A close look at your financial health and planning the outflow of money can settle the issue of loan repayments. If you have a loan and find it difficult to manage them, here’s a short guide on managing loan repayments.  

 

repayment
repayment

Draw Up a Monthly Budget 

A budget is always helpful when you plan for financial freedom. Having a monthly budget can ease your loan repayment schedules. List down your monthly expenses and income, including minor details of where your money goes. This will help you analyse where you need to cut down to repay your loans faster. Along with it, you also get an idea about your income and savings that will help you prioritise loan repayments. Make sure your monthly debt commitments do not cross 35% of your gross monthly income. Keep this in mind when taking loans can be helpful.   

Prioritise Repayment of High-Interest Loans 

While a single loan repayment is easier, many people face difficulty when managing multiple loans. Why? Although they draw up a budget, they fail to prioritise their loan repayments the right way. The fact that you have a debt is definitely a burden, but what adds to it is the interest rate charged. Higher the interest rate, more the burden of debt repayment. Minimising the total interest rate paid on all loans can reduce the load on your finances.

Debt avalanche is a strategy that can be helpful here. It involves putting the maximum amount of money against the high-interest rate loans without risking the repayment of other loans. List your loans with their interest rate and allocate the maximum amount to the one with the highest interest rate like credit card payments. Once that gets cleared, use the same strategy by moving on to the next one. Using this strategy can ease debt management.  

Raise Your Regular Repayments  

Did you get a pay hike? Or did you receive a fat bonus? Why not use it to free yourself from debts? Gains can come in various forms like pay hike, bonuses, income tax refunds, profits on your investments, etc. Using financial benefits that you gain to repay your debts could ease your financial commitments. Whenever you have extra money to spare, call up your lender and ask them if you can raise your repayment amount. If you have a good amount of money accumulated, you may even consider repaying with a lump sum amount. However, make sure there are no penalty charges attached to this. Some loans may come with conditions like a fine on early or increased repayments and advanced notice before increasing regular payments.  

Use Investments and Schemes for Debt Commitments 

Debts can be divided into good and bad debts. Debts that pay you back or has a futuristic financial value attached are good, but those that will not add to your financial value are truly a burden. Bad debts like credit card payments and automobile loans can add to the burden of your financial commitments. While using your retirement savings or any other investments is usually the last option, they can be beneficial if debts exceed and near insolvency.

Additionally, Singapore offers schemes like Debt Consolidation Plan, Debt Management Plan, and Debt Repayment Plan for those struggling to pay off debts. While DMP and DRP work with you to pay off your debts, DCP consolidates all your debts across different financial institutions and puts them in a single institution to help you ease your monthly obligations.  Make sure to read the terms and conditions surrounding your investments and these schemes to ensure you use the right one.  

Make Changes to Your Lifestyle to Repay on Time  

Your spending habits and expenses can add to the difficulty of loan repayments. Apart from the above-mentioned things, there are little habits that would ease your debt commitments and take you closer to financial freedom. Keep a check on your spending habits. Do you splurge the profits you gain on expensive dinners and gadgets? Or do you balance them with investments? If the answer is former, you need to make changes to your lifestyle. Go easy on movies, dinners, shopping, etc., to help you trim your expenses and repay debts faster. Having a balanced financial routine is great, but make sure you prioritise your commitments in consideration with your goals.  

Keeping these strategies in mind will allow you to ease the process of managing loan repayments. Balance is the key. Cultivating healthy financial habits will ensure you become free of debts and enjoy financial freedom.  

 


Quick Credit Pte Ltd

Quick Credit Pte Ltd is the best money lender you will be able to find in Singapore. If you currently need help in anyway, do not be shy and let us know. Anything cash related, we will be able to help you. Our well train loan consultants will be able to come up with a good loan package to help you clear off all your outstanding bills or debts. In doing so, you will help you keep better track of all your expenses and money. We have been a licensed money lender since 2002.

We have the skills, knowledge and people to assist you through the entire loan process while providing you with excellent advice.

In addition, we have one of the highest positive moneylender reviews among money lenders in Singapore. Furthermore, Quick Credit is also one of the few moneylender open on Sunday!

Interested in knowing more about how you can get a loan from us? You can drop us an email at enquiry@quickcredit.com.sg. Our manager will get back to you as soon as possible. Or you can drop us a message here and our manager will get back to you soon.

Alternatively you can call us at +65 6899 6188. Or visit our office at 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601. The nearest MRT station to us will be Jurong East Station.

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6 reasons to start trading in Bitcoin (2017 Update)

Posted by admin
on November 3, 2017

6 reasons to start trading in Bitcoin 

KEYWORD PHRASES – start trading Bitcoin

bitcoin
bitcoin

The recent years have seen cryptocurrencies gaining immense popularity among investment enthusiasts. Of all the digital currencies available in the market, bitcoin has been at the forefront. Bitcoin, a digital currency, is not controlled by any central bank and has appealed to people for a variety of reasons. The free access, limited restrictions, surging prices, behavioral differences from traditional currencies, and more have triggered a great interest in bitcoins.  

Since its inception in 2009 till today, the currency has seen enormous growth. Quite recently, the markets saw the currency’s value surpass that of gold. In spite of the tragic incident in 2014, bitcoin has succeeded in churning wide interest amongst financial enthusiasts.  

The rising value and promising returns have awakened aspiring investors to start trading bitcoins. If you are keen to invest, but not able to come to a decision, we give you several reasons why you should start trading bitcoins. 

 1. It works on a Decentralised System and Offers Security 

It is common knowledge that bitcoin is not a centralised currency, i.e. it is not controlled by any single source. The decentralised nature of this currency makes it quite secure. How?  

Bitcoins are not created by a single source. Anyone, having the resources and knowledge, can mine (create) bitcoins. Being a digital currency, bitcoin works on blockchain technology. Blockchain, as the name suggests, is a technology signified by a chain of information blocks. Whether you mine, transact, or trade using bitcoins, information blocks get added to the chain of events. These events are stored in the virtual world and can be accessed by anyone.  

Today, for information on the amount of paper currency you hold, you need to connect with the particular bank where you store your money. But, with bitcoins, if you wish to go back and look at any transaction details you can access it from any source. Plus, you cannot remove blocks (data). This reduces the chances of fraud. Decentralisation and easy access to historic data offer immense security to bit coin trading.  

2. Promising Gains 

Bitcoin’s value is experiencing a boom. Early 2017 saw reports on Bitcoin surpassing the value of gold. Recent reports state that the Bitcoin value almost touched USD 6,000 mark. Plus, currently, the value of bitcoin is approximately USD 5,600/SGD 7,600 higher than that in the recent months (approx SGD 6,000). The surging prices clearly indicate the promising returns it can yield for investors and traders. Furthermore, many commentators speculate about Bitcoin being a global currency. In a continuously digitising world, if this happens, the value of Bitcoin could rise substantially. The rising value clearly signifies that now is the right time to invest in bitcoin.

3. Bitcoin is a Scarce Currency 

21 million is the cap on bitcoin release. Unlike traditional currency, bit coin is subject to a fixed supply limit. No more than 21 million Bitcoins can be created and released in 100 years. So, each year, there is a particular quantity of bitcoins mined. Eventually, as the number closes on 21 million, the supply will decrease and become zero at a point. Lower supply typically results in deflation and hoarding. But, a currency like bitcoin, with a fixed supply, may be able to save investors by preventing adverse consequences.  

4. Offers Easy Accessibility and 24/7 Trading Opportunity  

Unlike stock investments, bitcoins do not require you to tie your money to churn profits from investments. Being a form of digital currency, bitcoin is available anytime and can be invest in instantaneously. There are hundreds of Bitcoin exchanges that allow you to buy, sell, and trade in the cryptocurrency. Coinbase and CoinHako are two of the popular Bit coin exchanges available in Singapore. Plus, these Bit coin exchanges operate 24/7. This offers you the opportunity to buy, sell, or trade in the currency anytime and from anywhere. Thus, the easy and instant accessibility and anytime trading opportunity makes Bit coin an appealing cryptocurrency.  

5. Bitcoin is Highly Volatile  

Bit coin is a highly volatile digital currency. While its unpredictable nature scares many, it’s a great opportunity to make money. The currency is decentralise, with no particular source churning out bitcoins. Because of this nature, the prices tend to vary frequently, creating arbitrage opportunities for savvy traders. Regular traders want to avail benefits of low prices and sell them at a high price to earn profits. Thus, the unpredictable nature of bitcoin offers speculators a chance to make good profits through this currency trading.   

6. Emerging Global Currency 

Although bitcoin came into existence in 2009, the currency is still in the emerging phase. While it is operational in several nations, it still remains unexposed to various countries and a hoard of customers. Plus, the technology behind bitcoin is being adopt in various applications and not only in currency trading. Also, this opens up a wide array of opportunities for bit coin enthusiasts. With digitisation taking over the world, more and more countries are seeking to legalise this cryptocurrency. Additionally, with several nations adopting the currency for various applications, it has the potential to become a global monetary form.  

Here were all the reasons you should start trading Bitcoins. Remember, you can start with even a minimal amount. Make sure, you analyse your financial health and understand the cryptocurrency well before jumping to buy bitcoins.  


Quick Credit Pte Ltd

Quick Credit Pte Ltd is the best money lender in Singapore. If you currently need help in anyway, do not be shy and let us know. Anything cash related, we will be able to help you. Our well train loan consultants will be able to come up with a good loan package to help you clear off all your outstanding bills or debts. In doing so, you will help you keep better track of all your expenses and money. We have been a licensed money lender since 2002.

We have the skills, knowledge and people to assist you through the entire loan process while providing you with excellent advice.

In addition, we have one of the highest positive money lender reviews among money lenders in Singapore. Furthermore, Quick Credit is also one of the few money lender open on Weekend!

Interested in knowing more about how you can get a loan from us? You can drop us an email at enquiry@quickcredit.com.sg. Our manager will get back to you as soon as possible. Or you can drop us a message here and our manager will get back to you soon.

Alternatively you can call us at +65 6899 6188. Or visit our office at 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601. The nearest MRT station to us will be Jurong East Station.

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