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Traditional sources of financing business such as bank loans pose a challenge to small and medium businesses. In particular, innovative, new, and fast growing enterprises with higher risk profiles can’t get the funds they need from conventional sources.  The same is the case for firms in transition like those in the process of changing ownership or control.

Every business needs funding at different stages such as when starting, embarking on a new project, during expansion or when finding its footing following losses. External financing in the form of just right loans is the most suitable means of achieving these objectives. In fact, external financing is essential to start, meet operating expenses such as payroll and inventory, and to grow the business.

Challenges of obtaining a bank loan for enterprises

Financing is a major hurdle facing most enterprises. Yet, many entrepreneurs are intimidated by the prospect of obtaining funds from the traditional sources, especially the banks. This is because these institutions set high lending standards which few enterprises can meet.

The situation is such that it is difficult for small businesses to find, request for, and obtain financing. Most financial experts think that this problem stems from the fact that most enterprises don’t take time to prepare for the process. They say that the issues around bank loans can be sorted out through due diligence.

This means that entrepreneurs looking to obtain external financing must have all the necessary documents needed by the lenders. This may work for established business. However, the problem remains for innovative, newer, and fast growing enterprises with higher risk profiles.

Alternative sources of Entrepreneurship Financing

To overcome the challenge of obtaining financing from conventional sources, many entrepreneurs are exploring new approaches to funding. This means that the most successful entrepreneurs are the ones who think outside the box. They think creatively about what they have to offer and also how to secure funding.

They know relationships are the key to securing funding, so the develop quality networks. Their approach is to sell themselves, more than what they have to offer, to secure all alternative sources of financing. Also, they remain open minded and never rule out any approach.

Some of the top new approaches include-

Personal financing

The most successful entrepreneurs use their own resources to start the business. They save money over time and grow a fund they can use to start the venture. They also know that no investor will finance a deal where the entrepreneur has no financial stake in it. Personal financing is necessary to get the idea off the ground.

Personal credit lines

Credit cards come to the rescue of many small businesses. They are easy to get because they don’t need a lot of credit history. In fact, there are many startups that have used this approach. The main benefit is that the entrepreneur retains complete control and ownership while meeting the minimum payments.

IRA financing

The Investment Retirement Account monies and 401k’s are among the most accessible alternative financing sources for new businesses today. An entrepreneur can easily find many people willing to loan them money from their funds for the right terms. However, the entrepreneur must sell themselves and their idea to the lenders.

Microloans

There are private lenders and non-profit organizations that offer small business loans. These can be useful to entrepreneurs who can’t qualify for bank loans. Also, they are suitable for micro business.

Online lenders are useful for entrepreneurs who lack collateral, need financing quickly and lack a track record.

Crowdfunding

The internet has revolutionized the way many things are done including business funding. Now entrepreneurs can find a group of likeminded people who can back their businesses through small contributions. This approach is evolving beyond non-profits and will soon include small equity investments.

Peer to peer financing

In this approach, a group of peers comes together to help each other financially. This approach can be used for a wide variety of financial needs. Entrepreneurs can use it to find successful peers willing to finance them.

Vendor financing

In this approach, the entrepreneur talks the manufacturers and suppliers of goods and services into deferring their payments until the products are sold. This can lead to an extension of payment terms to a duration of months or longer. However, this depends on the entrepreneur’s creditworthiness and payment of additional fees.

Purchase order financing

Purchase order financing firms enable new businesses to overcome scaling problems. Most startups are unable to accept large orders because of lack of funds to make and deliver the products. Purchase order financing firms provide the needed amounts of cash directly to the suppliers. This enables the deal to be closed, and profit to accrue to the new business.

Account receivables

This approach is similar to purchase order financing. The difference is that the funds are provided to cover unpaid balances not yet due or received from clients. This approach is useful for high volume new business beginning to scale up. It provides the funds on the sales immediately instead of waiting for payment which can stretch from 30 -60 days or longer.

Family and friends

Many successful entrepreneurs tap into this resource. Usually, the commitments are positioned in writing as bridge loans or promissory notes. These can be converted to equity at a rate decided by other investors later on.

In conclusion

Every business needs funding at various stages such as when starting, embarking on a new project, during expansion or when finding its footing following losses. External financing in the form of loans is the most suitable means of achieving these objectives.

 Yet, traditional lending institutions have set high lending standards which few enterprises can meet. To overcome this challenge of obtaining financing from conventional sources, many entrepreneurs are exploring new approaches to funding.

They think creatively about what they have to offer and also how to secure funding. Their approach is to sell themselves, more than what they have to offer, to secure all alternative sources of financing. Also, they remain open minded and never rule out any approach.

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Student @ Advanced Digital Sciences Center, Singapore. Travelled to 30+ countries, passion for basketball.

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Karatbars Becomes One of “10 Blockchain Companies To Watch In 2019” according to Forbes

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Stuttgart, June 06, 2019 –   America’s most prominent business magazine Forbes places The Karatbars group around Dr. h.c. Harald Seiz in a new list of the  “10 Blockchain Companies To Watch In 2019“. Joresa Bount’s article presents a “deeper look at the technologies, founders, and companies that are emerging in the industry (…) The teams of these innovative blockchain startups are global, cutting-edge, and typically include early blockchain adopters as founders.”

Ms. Bount asserts that “This list showcases 10 companies working to make blockchain more accessible, prominent and mainstream. (…) Each offers something unique with the potential to disrupt traditional industries as well as gain support from legitimate entities.”

“Based in Germany, Karatbars International GmbH is the developer of KaratGold Coin and a robust gold-linked ecosystem of cross-border blockchain solutions. Their latest product, the IMpulse K1 Smartphone, is the first phone using Voice Over Blockchain Protocol (VOPB). Currently, KaratGold allows consumers to trade or purchase gold on more than 500,000 acceptance points worldwide. With all of the recent talk about Bitcoin versus gold, this company provides the best of both worlds,” the article says.

Karatbars CEO and Founder, Dr. h.c. Harald Seiz states that “the Forbes contribution and inclusion in such a list is a great honor for us. The article shows the full diversity of the blockchain universe – and we are proud to be listed in this series due to our two crypto-currency innovations, including a link to gold, and the blockchain smartphone IMpulse K1.” “Cryptocurrencies and blockchain are on everyone’s lips. But cryptocurrencies are not only relevant as an investment object, the underlying blockchain can revolutionize all our workflows and business processes – even outside of finance. That’s what we and the other nine companies exposed by Forbes are working on every day,” he continues.

“In order to strengthen our marketing activities in this area, we have now entered into a cooperation with the most well-known crypto-influencer, John McAfee. Hardly anyone else covers the market as well – and critically – as he does and so we are pleased about the collaboration on our cryptocurrency KaratGold Coin (KBC),” Seiz tells. “Warning: I work with this company. However, KBC coin is linked to gold in a way that downside is limited, while the upside is unlimited. (…) For me, it is simply a way to protect against the crypto markets’ volatility. I only work for companies I believe in,” McAfee shared on his Twitter.

More Information about Karatbars

Karat-Gold

Karatbars International GmbH was established in 2011 with its main office in Stuttgart. The CEO and founder Dr. h.c. Harald Seiz is active all around the world. He offers a vast number of goods and services around the real value gold and blockchain solutions. In fact, these are the distribution of small gold bars, cash gold – the substitute of conventional currencies – and two cryptocurrencies, the Karatgold Coin and KaratCoinBank Coin. In October 2019 Karatbars the Voice-Over-Blockchain Protocol Smartphone IMpulse K1-Phone will be launched. The device provides highly secure data transmission via blockchain and end-to-end encryption. The company is now the front runner at the market of innovative gold products.  It has more than 600 000 affiliates in more than 120 countries with the annual turnover reaching 100 million euros.

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Why hair transplant is so demanded in Turkey

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Men face every day the aesthetic canons that society imposes. It is no longer only women who suffer the consequences of maintaining an attractive and young image, but nowadays the male sector is also affected. In the case of men, alopecia is one of the biggest concerns, because a beautiful, strong and healthy hair is symbol of beauty and youth.

Men, after trying several homemade methods or miraculous solutions, see how their baldness increases in the same proportion as their self-esteem decreases. The worst of all is that alopecia is something inevitable, but the good thing is that there are medical advanced treatments that really provides good and natural results.

Capillary grafts are no longer a taboo and Turkey is the European epicentre for this type of treatments, becoming the mecca of health tourism, especially related to provide modern and effective solutions against alopecia.

The most advanced hair treatments in Turkey

Turkey has many expert clinics in this field, such as Capilclinic, that make possible this international acknowledgment of hair treatments in this country. This popularity is due to their ability to apply the latest technology and the most modern methods in the solutions offered to their patients.

The most demanded treatment to solve the alopecia problem is the hair transplant in Turkey, that ensures natural results and the patient does not have to worry about anything, since they often offer packages where all expenses are included: treatment, hotel, private transport…  It is also remarkable that this country is becoming so popular as a medical destiny because of its really competitive prices if we compare them with the same procedures carried out in other European countries. In addition, these packages we’re talking about offer many more advantages than the treatments in other countries for much less money.

Therefore, personal attention and professional and economic reasons are the main motives that make thousands of people travel to Turkey to undergo medical treatments.

How to know if a capillary graft is well done

The main objective that we want to achieve with a capillary graft is naturalness. In this sense, we can say that the treatment has been a success when nobody notices it. The experience of the professionals of the medical team that carries out the treatment is the key element that guarantees the natural results. Each graft must be made according to the angle and direction of the hair of the area of ​​the head in which it is located.

In addition, other aspects have to be taken into account to achieve that naturalness. For example, considering the age of the patient is essential, since it would be very artificial for a 60-year-old man to have a very low frontal line, more appropriate for adolescents.

The decision about what kind of hair transplant choose and which will be the most effective should be taken with the precise advice of the professionals, after evaluating each particular case and the patient’s own expectations.

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BI Tecnology leading the way in provision of industrial machinery

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The Italian company BI Tecnology has merged with I.mec in order to provide a better service to its clients and make it much easier for them to access products and services easily without losing any of the years and years of expertise gained in the industry.

They specialise in main products that have applications across many industries from food and pharmaceuticals to ceramics and waste disposal and recycling. They are experts across machinery for all these sectors and the provision of machinery it assist with the production of quality materials and ingredients.

Industry experts Bitecnology.com are able to give advice and guidance on all aspects of iron removal systems, vibrating sieves and mixing tanks, no matter which sector requires the equipment, and they carry all the right quality assurances and certifications so you can be safe in the knowledge that you are working with a quality piece of equipment.

Putting the customer first and adapting to their needs

Bitecnology have a whole team of experts who can not only ensure that the right equipment is purchased that meets the client’s need, but they can also consult on how to adapt the wide range of equipment to meet specialised criteria dependent on the needs of the client.

The priority is customer service and experience and decent post-sale support, to ensure the use of the equipment is running smoothly and as expected. BI tecnology and I.mec consider themselves as a partner you can rely on for all your screening, filtering and iron removal.

Separation of dry materials and mixtures

Bitecnology are specialists in vibrating sieves which are used to separate mixtures and in the production of heterogeneous solids. The size of the orifices in the sieve vary, making one vibrating sieve more appropriate for certain tasks than another.

Often they are used in the food industry and food production lines, but also in other industries like waste separation, or removing chunks of marble from sand, or removing impurities from salt for example. The machines are ideal for use across a range of industries, not just food production but also pharmaceutical, ceramic, cosmetics and construction industries.

In instances where it is better to add water to a dry mix, there are also machines available for this. It allows sieving down to the finest particles available through a fine mechanical sieve made from steel or nylon mixed with bronze. This is known as wet screening.

Quality is assured through independent certification

In order to guarantee a quality product, and to build trust that high standards will always be maintained, BI Tecnology  have been sure to not only obtain those certifications that are required under EU regulations, but also additional certifications to show how well produced each product is.

Every machine produced is subjected to thorough systematic testing. It means you can be sure that the service is reliable and safe, and is important for quality standards. And this is in addition to the  Ex Atex and TUV InterCert SAAR Certificates the company holds.

This is how you know it is a company you can trust and rely on, but also it is vital in your own manufacturing or production line that the safety of your own workforce is catered for, and that using these machines also ensure a quality outcome for you too.

A wide range of products are available

It is not just the vibrating sieve that is available, there are a wide range of products to suit your needs, including:

Vibrating sieves

Mechanical canvases for vibrating sieves

Iron removers

Mixers

Pumps

Dissolving Units

Mill discharge Units

They are happy to go through a consultation to discuss the best option, simply complete a form online or give them a call for a specialist, competitive quote.

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