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Billionaire Entrepreneur Niraj Goel Set to Launch Singapore Innovation League

 Billionaire entrepreneur and innovator Niraj Goel is ready with his latest offering - the Singapore Innovation League. What is this league about and what is the purpose behind its launch? Well, Niraj, who has risen from the ground up all by himself, has strong views about giving back to the society. After making billion of dollars worth empire, he is all set to help others to nurture their own dreams!

Singapore Innovation League:

The Singapore Innovation League will be launched on 4th July 2014, coincidentally the Independence Day of the United States of America. This league is being launched with a view to make Singapore the innovation and technology capital of the entire world. In this way, Singapore will become a major hub of technology, on the lines of Silicon Valley of the US and other major technological and innovation hubs in the world.

More about the project:

The total corpus of the league has been set at around SGD 1.5 billion and is aimed at helping close to 500 companies with proven potential. Each company which is qualified will receive SGD 3 million or around USD 2.4 million as funding. Such a huge amount of capital will be enough to give them a major boost and catapult them into the league of who's who of domestic as well as global business players.

Who knows that the next big technology company may come from Singapore? Well, with so much of funds in their kitties, mainly thanks to Goel, this might be even possible! He is making investment of SGD 1.5 billion from his personal capacity. By doing this, he has joined the list of world's biggest billionaires who have donated oodles for charity.

More about Niraj Goel

Goel is an NRI entrepreneur, innovator and visionary based out in Singapore. He has multiple innovations to his name, mainly in the financial technology and insurance sectors. Thanks to his sustained efforts for several years, he has amassed a personal fortune worth billions of dollars. He has surpassed even some of the household names in India when it comes to the size of total personal wealth.

After reaching the top, Niraj decided to give back to the society. He has set up multiple trusts in order to help the poor kids, needy, and old age individuals. His latest offering to the society is a venture capital corpus, with which he intends to lend much needed help to the aspiring entrepreneurs! His support might prove to be crucial considering the fact that countless new ventures happen to struggle on account of paucity of funds.

Veröffentlicht am 30.11.2021 um 14:07:00 Uhr - Autor: busines

Why Business Equipment Finance Makes Sense

 If you are starting a new venture, or you are expanding an existing one, then you might be going through a menacing time to set things up. It is a complex undertaking when you have to spend a lot of money for more equipment, or else the new business won't run. Equipment procurement is an essential part of setting up a business and you don't have much choice but to buy new gears and paraphernalia to get things started.

First, you have to plan for the equipment needed and it is important that you know how to select the products that would address your needs. After you have determined the equipment needed, you have to create a plan on how you should be paying for the equipment. If you don't have money to spend for it, then you probably need a business equipment finance company.

What is this company that would supply financing for your equipment purchase? Basically, this is considered a smart thing to do when you are short of funds to buy equipment. Or even when you have money, you can use the equipment loans to pay for practically any kind of business equipment you require. The amount you can borrow would vary and it would depend on the equipment you are procuring, and the state of the equipment such as if it is new or a used equipment.

You would normally need financing if you need a car loan. If you have already tried a car loan, then you have probably known how the financing system works. The equipment will serve as your collateral to the company that gives business equipment finance. The interest rates are fixed which can be from 8% to 30%, depending on the term. These companies also offer a fixed length for terms, and this gives the borrower ease in repayment through having the same amount of amortization every month.

The length of the loan term would also vary, depending on the nature of the equipment and how long it is expected to be useful. There is varying depreciation of different equipment and this is to be considered before the terms can be determined. Some equipment types are given 36 months or 48 months terms. But some terms provide only 12 months for loan to be repaid.

What type of business equipment can qualify for equipment loans? All sorts of equipment would be viable for this such as: IT equipment and computers, heavy machinery, medical equipment, scientific equipment and commercial vehicles.

Thus, you can get a loan for trucks, prime-movers, tractors, tankers, laptops, desktops, servers, factory automation, robotic assembly devices and many more. The list is long and you have to talk with the company's representative to determine if the equipment you need can be financed.

You may get advised on having a lease on your equipment and not a loan. However, with a lease, you are only renting the equipment and it won't be yours after the lease term is done. With a loan, you own the equipment once fully paid.

Veröffentlicht am 30.11.2021 um 14:05:00 Uhr - Autor: busines

Website Maintenance and the Importance of It

 Creating a website could be an effective and nice way of extending your message to your customers or create an online self-sufficient business. Whatever be the purpose of your website, ensuring that it's well maintained is vital for its success. If you can't manage your website, it could lead to problems for visitors as well as for you.

Check functionality

Maintenance of functionality for visitors is an important reason as to why a website needs to be maintained. Over time, a website loses functionality. This could be a frustrating experience for the visitors. For instance, if there's a link on your website that points to another website, you may have a broken link if the other site is down. Website maintenance helps to ensure visitor satisfaction.

Help in search engine rankings

One of the biggest benefits of website maintenance is that it helps in search engine rankings in the long term. A search engine keeps track of actions taken by visitors to a website and if they are frustrated with the website, they would leave quickly. When this becomes a trend on your website, it can have a negative impact on the ranking of your site on search engines. If your website is relegated in the results, it can hurt your business.

Introduce fresh products and services

Introduction of new products and services can be done when website maintenance is regular. If you're using the website for promoting your business, updating your website with the new products could increase the sales of your organization. If managing the website is your business in itself, you can use it for promoting products and services of other companies. Regular maintenance makes your visitor revisit your site. Businesses tend to stay away from websites that are updated only once a while.

Inform your visitors about the changes

Another big reason for maintaining your website and updating it regularly is to inform your customers and visitors of the changes that you have incorporated to your business. In fact, if you can maintain and update information on your website regularly, you can be assured of staying ahead of your rivals and leave competition behind. This is because dissemination of information would be easier for you. This would undeniably forge a more positive and better relation with your customers. For instance, if there's a change in the structure and functioning of your company, you can update your site and spread the information quickly.

Veröffentlicht am 25.11.2021 um 13:38:00 Uhr - Autor: busines

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