Startup Accelerator: Should Your Startup Apply?

If you are a startup founder you probably know by now that building a startup comes with a very challenging lifestyle. Working on your idea in a startup accelerator is a whole different challenge squeezed into a fixed time-frame.

Before we dive into the in’s and out’s of startup accelerators, we should remind ourselves that there are many things to think about before any startup founder can turn his idea into a reality. What kind of business model is best? How much will the business cost at the first stage? Where will the business be placed? Who will be the clientele, will it be B2B market or the crowded B2C arena? Are the co-founders the right ones for you? Can the business be successful in times of financial depression? These are just some of the questions that need to be thought about thoroughly before starting any startup business. A competitive startup founder or co-founder must possess competence in decision making, self-discipline, and determination, as well as have excellent personal connections to people in the business world. Although it is a challenge for anyone to start a startup business, it is also a challenge for business employees to be part of a rising company.

Startup Accelerator: Should Your Startup Apply?

In the past years, there were institutionalized environments that helped and assisted aspiring business women and men in making their business ideas grow. These institutions were called incubators. The first business incubator was founded in 1959. In 1999, several business incubators were born. These are 100X, TechSpace and the HotBank. These incubators boomed along with other tech companies. These incubators offered office spaces for starting companies in exchange for equity. After some time, these organizations changed their models and then offered business and office space for a monthly fee instead of taking equity.

The Startup Accelerator

In 2005, a new version of business incubator was born. It is no longer called an incubator but a Start Up accelerator. It is built with the purpose of cultivating the growth of its portfolio companies. The distinctive characteristics of startup accelerators from incubators are the five phases that a startup will have to undergo in an accelerator. These phases are awareness, application, program, demo day, and the post demo day. A startup accelerator is a program composed of mentorship, access to technology, innovative community, and office spaces. The goal of the accelerator is to twist the art of starting a business into a program that can be repeated over and over again.

Unlike the incubator programs, startup accelerators have programs that enable the individuals to avail mentorship, office spaces, funding, and technological advancement in exchange for the companies’ stocks. The program is open to anyone but is highly competitive. Applications were thoroughly screened. The accelerators focused on teams instead of individuals. This is because of their belief that starting a business is not an individual job but is a job for a team. After three months, a start-up is expected to “graduate”. After graduation, they are subject to intensive training

Amazon Supply Chain Management and Third Party Logistics

Supply chain management and third party logistics are gaining huge importance in this modern era. These days’ logistics is considered to be an integral part of any given business around the globe these days.

Amazon Supply Chain Management and Third Party Logistics

What is Supply Chain ?

Supply chain includes all the activities of a business process including all vendors, search providers and customers. It involves all the movement of fund, material and all the related information about the business through the full logistics process. It includes the buying of raw material to delivery of the final product.

What is Logistics ?

Official Explanation: “Logistics is that element of the supply chain method that plans, utilizes, and controls the effective, effective flow and storage of goods, services, and relevant details from the factor of origin to the point of intake in order to meet customers’ requirements.” Council of Logistics Management

Logistics is basically the process of moving of the products or goods to the destination at the least possible cost. Logistics involves the responsibility of exercising efficiency and accuracy in the process, selection of medium and their proper execution is the biggest concern of the logistics process.

Supply Chain Management (SCM)

The process of supply chain management includes the control of all the funds, information of the products, and materials, throughout the whole process of product creation.

Reasons why companies would want to move into a long term partnership may include:

  • To achieve the strategy.
  • Benefit from each other’s strategies.
  • Reduction of risk.
  • Increase return on investment.
  • Providing more affordable service to beat the competitors.

What is Third Party Logistics ?

It basically includes the transportation and other third party logistics services that are provided by some in order to accomplish tasks that were previously being done in-house by the company itself. Third party logistic services allow companies to assemble a very efficient and customer oriented distribution network. 3PL’s industry has really increased the real world technologies being designed by the companies. The advanced techniques of 3pl logistic services provide a long term prospect of high quality service and fulfill the tight delivery time frames.

Amazon revenue

Amazon is enthusiastically investing in areas like digital content, cloud computing and services, along with expanding its distribution network. Company’s costs and expenditure in fourth quarter also reported a 17% increase in fulfillment cost and 42% increase in technology and content expenses. Despite the increasing expenses and investments, Amazon still performed with amazon revenue calculator better than Wall Street expectations in terms of profitability.

Holiday season gave rise to sales, along with company deciding to increase its prime members, gave a boost to the fourth quarter sales. Amazon also provides two days free shipment in United States and discounted access to movies; books & music exclusively to prime members as added incentives.

Jeff Bezos, CEO Amazon said, “We were confident when we increased the price of our prime membership that our clients would still believe it as the best buy in the shopping history.” Amazon’s Prime Membership increased by 50% in …

Premiums of Online Car Insurance

Premiums of Online Car Insurance

Car insurance policy is a mandatory aspect if you have your own car and it can save you and your vehicle from consequences of accidental damage and third party liabilities. Premium of an insurance policy is another important criteria which you need to think about while buying an insurance.

There is absolutely no doubt that car insurance is a must for a vehicle owner. It not only protects your car from unfortunate damage or disaster, but it protects you from the high expenditure. The premium cost depends from car to car and owner to owner. Some of the important factors of paying your car premium area are:

  • Vehicle Model Type
  • Location of the Car
  • Types of coverage
  • IDV or Insured Declared Value
  • Safety measures
  • Discounts and NCB
  • Ad-on coverage
  • Personal accident coverage / co-passengers

 Discounts for Premium for Car Insurance Bought Online

There is hardly a household without vehicle these days and in this tough road condition it is always a good idea to have a vehicle as well as a good insurance coverage. Nowadays the online insurance purchase, renew and premium paying is so easy and safe that you can do it anytime and anywhere. Also, you can get additional discounts on premium of your car insurance. You can try some of the options to reduce your premium and make it more affordable, you can do it easily by online process:

No claim bonus

You can easily accumulate on-claimed bonus if you do not claim for consecutive years. It can save you 50% at a discounted rate and thus you make huge savings.

Increase the deductible wisely

If you choose the higher voluntary deductible value during your policy renewal, your premium decreases by a fair percentage. Always increase your deductible as much as you can afford. You might lose intend of the claim, if you are thinking to increase the deductible only to decrease the premium.

NCB transfer

When you buy a new car and sell the old one, never forget to transfer your NCB. You will need to carry over your NCB from your old to new car. You can reserve this bonus for 3 years and it can be transferred without termination of the policy.

Compare and purchase premium online

Online purchase of premium is the easy and friendly way to get attractive rates and sale on premium value to get discounts. It doesn’t require paperwork and saves time. Hence compare on Coverfox.com and then choose accordingly.

Insured declared value

IDV or Insured Declared Value is calculated by applying markdown over the market price. As the IDV is the highest price that your insurer pay in case of total loss or theft of your car, if you value that correctly, you might get the eligibility of a reduced premium.

Become a member of AAI and WIAA

The Automobile Association of India and Western India Automobile Association are empowered by the MVA. If you are a member of these associations you get discounts on your premium.

Declare

How Walmart Plans To Take On EBay, Amazon With An Improved Marketplace

Selling On Online Market PlaceInfographic Flowchart Shows the Very best Marketplaces to Sell On the web. It has fantastic client assistance group, effortless to use platform and effortless to upload items. You could have a solution listed in-stock on two different web-sites, when you truly only have a single solution left in inventory. They present a cheaper starting price tag, but throttle your bandwidth to 1gb per month and one hundred merchandise – unless you move to the additional high-priced possibilities – once again and once again.

Walmart – Electronics, dwelling goods, tools, outdoor. Magento is owned by eBay, so you can trust they know eCommerce. With larger platforms like these, you want to feel of it as receiving a smaller sized slice of a bigger pie. This is 1 of the motives why promoting on-line on marketplaces such as Amazon and eBay is such a preferred selection for most company owners.

If you have original styles and assume persons would get pleasure from them on many mediums (pillows, coffee cups, etc.) give CafePress a attempt. From this one particular location, merchants really should have the ability to edit, construct, and publish their product listings, according to what marketplace they are for.

If you generate your personal items, then by all means go ahead and list them and see how you go. If you’d rather give Etsy a go with some wholesale goods, you have to be cautious what you sell. If you sell a product that begins doing well, the marketplace could take notice and start out selling it themselves.

There are no transaction costs and Zibbet is absolutely free for up to ten goods, so if you have just started selling your operate and want to see if ecommerce is seriously for you, you should really attempt this platform. Their free of charge tier is highly restricted though – ten goods per month and 1 photo per listing, and so forth.…

Tipsfor Better Accounting in Your SME

There are no worse horror stories for an entrepreneur than those that are usually seen in all parts of the world after annual fiscal closures. Closure, fines, losses and all kinds of administrative nightmares are a trend in businesses where you just needed a little advice, so today we want to share some tips for better accounting in your SME.

The issue of taxes is one of the headaches of many SMEs, but at the same time is one of the most important both to avoid penalties and to know the financial status of the company.

Good fiscal practice can translate into savings because it allows you to analyse which elements are consuming the most resources and with that recalculate information that is most convenient for the following fiscal cycles.

Here are some effective and low-cost solutions that will keep your business away from problems.

Leave your accounting in the hands of experts

When you start a business you usually ignore the administrative department, perhaps following the myth that it is somewhat costly with respect to the benefits it represents. It is a trap! Never believe that such investment will be a waste: it is always better to leave the accounting in the hands of specialists. There are several options that can adapt to the needs of your company:

  • External help for small companies where invoices and documentation can be carried out with a certain
  • Subcontract a person to do these tasks when necessary.
  • Hire a person dedicated to the accounting department, the most convenient and convenient option to which all SMEs should aim.

There is no need for this person to be a specialist, but they do need to know the needs of a company, at least in its everyday aspects. In case of any doubt, you can always seek external advice from, for example, accountants in central London for more complex issues.

Keep in mind that legislation and regulations change constantly, so it is important to make sure that regardless of the option you choose your accounts are up to date and in-line with all the adjustments.

Technology is your best ally

The days of keeping accounts with pencil and paper have been left behind, and like everything in these modern times, repetitive processes are always better done automatically. The first characteristic to take into account when choosing an accounting program is the interface and management. Remember that the software is only a tool for the accounting team, not the base of the department, so if its use is difficult and tedious it will simply be creating a problem.

On the other hand, it is vital to take into account its integration with other areas of the company such as purchasing, inventory, etc. There are many options, from the most basic and free, through to the most specialised incorporating national/regional accounting and tax regulations.

Planning accounting in SMEs

It may sound very trite, buttime is definitely money. Leaving the calculation of taxes to the last minute always means …