Drillster’s Post

🤩 Today, as part of an entrepreneurial finance workshop organised by ASCS, I had the pleasure of addressing young adults and sharing with them my insights on the different ways that startups can fund their idea and the tax considerations to look out for when starting out. 🔑 Here are some ways to fund and develop your business idea, together with their pros ✅ and cons ❌: 1️⃣ Families and friends 👨👩👦 ✅ Easiest way to raise funds. Family and friends are the ones who will support you the most. ❌ Borrowing money from friends and family is a quick way to lose friends and make Christmas family dinners awkward. 2️⃣ Business Loans 🏦 ✅ Lump sum of capital immediately available for operations and expansion. ❌ Strict approval criterias and collateral requirements. 3️⃣ Bootstrapping 💰 ✅ Full independence and control - no relying on external funding. ❌ Resources are constrained by the amount of personal savings, potentially limiting the scale and pace of growth. 4️⃣ Incubators and accelerators ✅ Access to mentorship, networking, guidance and development frameworks. ❌ May need to give up equity, affecting the founder's ownership and control. 5️⃣ Crowdfunding 🤝 ✅ Access to a diverse pool of investors and being able to raise capital from a broad audience. ❌ Intense competition for attention. The success of securing funds through crowdfunding is highly dependent on creating enough buzz for your product or service through effective marketing. 6️⃣ Grants and other support measures from government agencies 💼 ✅ Securing financial assistance without equity dilution. ❌ Political priorities may impact the continuity of certain support schemes. I would like to thank ASCS and Fenlex for giving me this opportunity, it was a blast! 🙏 #Entrepreneurship #Finance #Startups #Funding

Sure, here's a quick overview of non-dilutive financing options for startups up to 10 crore: 1. *Grants:* Look for government grants or research funding that aligns with your startup's industry or goals. These don't require repayment and typically don't involve giving up equity. 2. *Bootstrapping:* Self-funding your startup through personal savings, credit cards, or revenue generated by the business itself. 3. *Crowdfunding:* Platforms like Kickstarter or Indiegogo allow you to raise funds from a large number of individuals in exchange for rewards or early access to your product. 4. *Debt Financing:* Consider loans from banks, microfinance institutions, or online lenders. These require repayment with interest but don't involve giving up equity. 5. *Revenue-based Financing:* Investors provide capital in exchange for a percentage of your future revenues until a predetermined amount is repaid. 6. *Contests and Competitions:* Participate in startup competitions or pitch contests where you can win cash prizes or investment without giving up equity. Each option has its pros and cons, so it's important to evaluate which is the best fit for your startup's stage and growth strategy. www.loanbazaaronline.com https://lnkd.in/efUKZmj #Finance #loanservices #digitalmarketing #graphicdesigning #financialservices #startupfunding #FinancialAnalyst #loanbazaar #dsa #nbfc

Sure, here's a quick overview of non-dilutive financing options for startups up to 10 crore: 1. *Grants:* Look for government grants or research funding that aligns with your startup's industry or goals. These don't require repayment and typically don't involve giving up equity. 2. *Bootstrapping:* Self-funding your startup through personal savings, credit cards, or revenue generated by the business itself. 3. *Crowdfunding:* Platforms like Kickstarter or Indiegogo allow you to raise funds from a large number of individuals in exchange for rewards or early access to your product. 4. *Debt Financing:* Consider loans from banks, microfinance institutions, or online lenders. These require repayment with interest but don't involve giving up equity. 5. *Revenue-based Financing:* Investors provide capital in exchange for a percentage of your future revenues until a predetermined amount is repaid. 6. *Contests and Competitions:* Participate in startup competitions or pitch contests where you can win cash prizes or investment without giving up equity. Each option has its pros and cons, so it's important to evaluate which is the best fit for your startup's stage and growth strategy. www.loanbazaaronline.com https://lnkd.in/epcuDwM #Finance #loanservices #digitalmarketing #graphicdesigning #financialservices #startupfunding #FinancialAnalyst #loanbazaar #dsa #nbfc

2021 to 2023 were the laying down of startup project ideas, and 2024 will be the execution of and evaluation of projects in the Education, Finance, and Technology sectors respectively. Today, the world, most especially in Africa needs these three services in a blend to support the growing digital world. Millions of children, young girls, and women are out of school today due to social, economic, and political crises plaguing most African countries. They need quality education, and they need people who will make their dreams valid. Sponsoring a child through the Out-of-School Scholarship program will go a long way to improve and empower young girls to be independent, to know their human rights, and to fight for their future as leaders. We can make their dreams valid. Let's do it this 2024 with CNABTI INSTITUTE. The Finance industry is facing a lot of insecurity problems as cybercrime is at its peak. With many insecure Fintech platforms, unrealistic online payments, and settlement platforms, individuals and businesses are scared of which Fintech solution to use to carry out personal and business transactions within the same city, country, continent, and the globe. In a bit to improve these conditions, Bizpay Financial House is investing in creating a fintech solution for you and your businesses. There is always a challenge when new businesses are entering the corporate world and highly competitive marketplace. Some existing businesses are stocked using one business strategy for a long time because the management lacks the necessary skills to improve the business. Startup Companies is a Business Consulting Service Company created to help new and existing business ventures enter the corporate world and manage their businesses with ease. The required startup capital for each of these companies is; 1. CNABTI INSTITUTE - Supporting Quality Education for All - 25,000,000 XAF 2. Bizpay Financial House - Mobile Banking Solutions - 10,000,000 XAF 3. Startup Companies - Business Consulting Service Company - 10,000,000 XAF If you want to become an Investor, a Co-Founder, and/or a Director, please reach the founder at ogodwinai@gmail.com. Tel/WhatsApp +237678529880. Invest with us in 2024! You are one step away from becoming a change-maker! #2024projects #startupcompanies #bizpayfinance #qualityeducation #investmentopportunities

Edtech unicorn Eruditus Executive Education might receive up to $70 Mn in secondary funding from existing investor SoftBank and CPPIB. Eruditus is looking to raise $150 Mn, of which half is likely to be a secondary component. The secondary sale might happen at about $2.5 Bn or a 20% discount to Eruditus’ previous valuation of $3.2 Bn. CPPIB is already a lender to Eruditus, having issued a $350 Mn debt back in 2022. #fundraising #investingnews

The 1% Club% Club, founded by Sharan Hegde and Raghav Gupta, has raised Rs 10 crore from Gruhas , which was co-founded by Zerodha founder Nikhil Kamath and Puzzolana India Abhijeet Pai.  The startup is in the advanced stages of seeking registration with the SEBI elevate its credibility and regulatory compliance in the finance sector https://lnkd.in/dwrKz_mG #fintech #fintechtrends #fintechmarketing #startupfunding #startupsuccess #startups #fundingnews

Sure, here's a quick overview of non-dilutive financing options for startups up to 10 crore: 1. *Grants:* Look for government grants or research funding that aligns with your startup's industry or goals. These don't require repayment and typically don't involve giving up equity. 2. *Bootstrapping:* Self-funding your startup through personal savings, credit cards, or revenue generated by the business itself. 3. *Crowdfunding:* Platforms like Kickstarter or Indiegogo allow you to raise funds from a large number of individuals in exchange for rewards or early access to your product. 4. *Debt Financing:* Consider loans from banks, microfinance institutions, or online lenders. These require repayment with interest but don't involve giving up equity. 5. *Revenue-based Financing:* Investors provide capital in exchange for a percentage of your future revenues until a predetermined amount is repaid. 6. *Contests and Competitions:* Participate in startup competitions or pitch contests where you can win cash prizes or investment without giving up equity. Each option has its pros and cons, so it's important to evaluate which is the best fit for your startup's stage and growth strategy. www.loanbazaaronline.com https://lnkd.in/epcuDwM #Finance #loanservices #digitalmarketing #graphicdesigning #financialservices #startupfunding #FinancialAnalyst #loanbazaar #dsa #nbfc

🌟 Exciting News! EduFi, the Singapore-based fintech startup, just raised $6.1M in a pre-seed funding round led by Zayn VC, with support from Palm Drive Capital and Deem Ventures. 🚀 Mission: Simplifying the loan process for higher education in Pakistan, where over 50% of family income is dedicated to education. 💡 Innovation: Introducing an AI-driven Study Now, Pay Later platform, addressing the absence of dedicated student loan products. 🌏 Impact: Already partnered with 15 universities, making education accessible to 200,000+ students. Future plans include expanding across Pakistan's entire college system. 👏 Founder's Vision: Aleena Nadeem, CEO, aims to bridge the gap between high school and university admission, creating a brighter future for students. 🔗 Learn more about EduFi and join us in transforming education finance! #EduFi #EducationRevolution #FintechInnovation 🎓🚀 https://lnkd.in/dZvpxA8s

📈 Fueling Growth with Pradhan Mantri Mudra Yojana (PMMY) At MyProBuddy, we're dedicated to empowering startups and MSMEs on their journey to success. Today, we're thrilled to introduce an initiative that stands as a vital pillar of support – the Pradhan Mantri Mudra Yojana (PMMY). 🌟 A Lifeline for Ventures Launched in 2015, PMMY is a scheme that opens doors to capital and loans, enabling startups and MSMEs to not just survive but thrive. It's a lifeline that fuels business sustainability and growth. 💼 Access to Capital for Progress Eligible applicants can secure loans of up to 10 lakhs under PMMY, catering to their working capital requirements. This financial support provides the much-needed boost for ventures to reach new heights. ⏳ Flexible Repayment Period The repayment period for loans availed under this scheme spans five to seven years, offering flexibility and breathing room for businesses to grow and flourish. 💰 Three Tiers of Support PMMY offers loans under three categories: Shishu – Loans of up to 50,000 Kishor – Loans up to 5 Lakhs Tarun – Loans ranging from 5 to 10 Lakhs 🏭 Diverse Business Ventures Welcome Startups across various sectors, including trading, manufacturing, services, and non-farm businesses, are eligible for this scheme. PMMY embraces the diversity of entrepreneurship, nurturing ventures from different domains. 🌍 MyProBuddy: Your Partner in Financial Growth At MyProBuddy, we're here to guide you through financial opportunities like the Pradhan Mantri Mudra Yojana. Our expertise can help you navigate the intricacies of this scheme, paving the way for financial growth and success. Join us in embracing innovation, seizing opportunities, and being part of a movement that empowers startups and MSMEs with PMMY. #PMMY #StartupSupport #MSMEGrowth #Entrepreneurship #MyProBuddy #Empowerment

FINANCING 🔮Financing refers to the process of providing funds or capital to individuals, businesses, or other entities to help them acquire assets, make investments, or meet financial obligations. 🔮This can involve obtaining loans, issuing bonds, selling equity, or other methods of raising capital. 🔮Financing is a crucial aspect of business operations and economic development, as it allows individuals and organizations to access the funds they need to grow and succeed. TYPES 1. Debt Financing: 🪄Ideal for individuals or businesses with a steady cash flow and the ability to make regular loan payments. 🪄Best suited for funding specific projects or investments that have predictable returns. 🪄Consider the interest rates, repayment terms, and any collateral requirements before taking on debt. 2. Equity Financing: 🪄Suitable for startups or businesses with high growth potential but limited cash flow. 🪄Can be beneficial for those looking for strategic partners or investors who can provide expertise in addition to capital. 🪄Consider the dilution of ownership and the long-term implications of sharing profits with investors. 3. Asset-Based Financing: 🪄Useful for businesses with valuable assets like inventory, equipment, or accounts receivable. 🪄Can provide access to capital based on the value of these assets, even if traditional loans are not an option. 🪄Evaluate the risks associated with using assets as collateral and ensure the business can meet repayment obligations. 4. Crowdfunding: 🪄Great for individuals or businesses with a compelling story, product, or cause that can attract a large audience. 🪄Can help raise funds quickly and generate buzz around a project or business idea. 🪄Choose the right crowdfunding platform based on the type of campaign and target audience. 5. Grants: 🪄Suitable for individuals or organizations working on projects that align with the objectives of grant-giving organizations. 🪄Can provide non-repayable funds to support research, social initiatives, or community projects. 🪄Research available grants, eligibility criteria, and application deadlines to increase the chances of securing funding. TalentServe is a start-up company which is an E-learning platform where we offer courses in the field of Full stack development and Data science. #Talentserve #Onlineeducation #Elearning #learnonline #Edtech #education #technologies #financing #debt #crowdfunding #classroom #students #educators #employees #learning #training #blogs #posts #articles #socialmedia #linkedin #Fullstackdevelopment #Datascience