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How to Bootstrap your company without Venture Capital funding

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How to Bootstrap your company without Venture Capital funding

Getting fund for the small business is not at all a cake walk. But there are various methods one can choose from and let me tell you that venture funding is not the one. By making few changes in your strategy, you can easily get started with your venture. Mark my words, bootstrapping the start-up will provide you better control, high success rate and greater returns. Follow the tips we are going to share with you:

Bootstrapping the start-up

Due diligence

If you do not need venture capital, then testing the market keenly can do the magic for your start-up. Go through the social media statistics and other relevant data, that can give you an idea about your product. Without investing much, launch a product that is in demand and customers are willing to spend on it.

Advisors and Mentors

Finding the right advisors and mentors would prove to be of great help for you. Do not limit yourself, here not limiting yourself means that don’t hesitate to take the advice from your family and friends and even your colleagues. All you need to ensure is that the person you are consulting possess better knowledge of the domain and hold some expertise in it.

Early Adopters

Early adopters stand for the customers that initially has shown interest in your product and has purchased it. Early adopters are of great importance and proves to be the greatest asset for your start-up. The money and support provided by these customers has the power to make your business or to break it. You do not need an army of early adopters, just few customers that have complete trust in you and could make other understand that your product hold value for them.

Keep a close eye on your Expenses

The biggest mistake start-up tanks end up doing is spending too much, once they have received money. Swanky office, purchasing a car, hiring the specialists in the starting and then end up soon with nothing. Spending so much in the initial stage can prove hazardous for the start-ups. Make sure that you cut-short your expenses, because a start-up doesn’t need the hefty amount to run with. Expenses that are necessary and can’t be avoided should be made, otherwise just keep focussing on the end product.

Angel Money

Angel Money is one of the best method to get the funds for your start-up. There are end number of angel firms that provide viable options for the companies just starting up.

Using the Credit

You can easily use the credit to get the amount needed to start your company. The negative side of using credit is that it can affect your personal credit, in case your start-up doesn’t performs well, and you are unable to return the amount received by you. if you have the courage to take the risk then you can surely go with this idea.

Crowdfunding

It may sound crazy, but the crowdfunding is trending these days. With crowdfunding you will not only receive the money, but you will also be able to build your own brand and customer base. Your exposure will obviously grow with the growing funds and your reach will no more be limited to some demographics. Though crowdfunding is bit challenging but if done properly, it could serve your purpose and proves to be the kick-start for your start-up.

Business

BAE Systems eyes more growth in 2021, confident on long-term

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BAE Systems eyes more growth in 2021, confident on long-term 1

By Sarah Young

LONDON (Reuters) – British defence company BAE Systems forecast another year of growth in 2021, helped by Germany’s recent order for Typhoon jets and strong demand in its Electronic Systems unit, and was confident about its longer term outlook.

Defence has so far been one of the few sectors largely unaffected by the coronavirus pandemic, with governments sticking to military and security commitments, and in some cases raising them.

BAE, which builds combat ships, submarines and fighter jets, said that underlying earnings per share would rise by between 3% and 5% in 2021.

Two big acquisitions it made last year in the United States, its biggest market, would boost its higher-margin Electronic Systems unit, which provides flight controls, electronic warfare and surveillance capabilities, it said.

Further in the future, BAE Systems is confident of more Typhoon orders and extra work in Britain, its second biggest market.

Chief executive Charles Woodburn said he expected additional orders from Germany for some Tornado replacements and said there were other European opportunities to go for, believed to include Switzerland and Finland.

“The outlook for Typhoon today is frankly the best I’ve seen it since I’ve been CEO of the business,” he told reporters on Thursday. He took on the top job in 2017.

BAE also expects to benefit from the UK’s biggest military spending increase since the Cold War, announced last November by the Prime Minister who named-checked BAE’s Tempest project.

“I mean obviously that again is very good news for one of our very important flagship long term programmes,” Woodburn said.

Tempest is a British-led project to build a new fighter jet alongside partner nations Italy and Sweden, which BAE hopes will eventually replace Typhoon at its production facilities.

Shares in BAE traded up 1% to 501.8 pence in early trading. The stock has lost 22% of its value over the last 12 months despite its strong performance during the pandemic.

For last year, BAE posted underlying earnings per share of 46.8 pence, a 2% rise on last year, and beating a consensus forecast of 43.7 pence.

Disruption at its factories due to COVID-19 was shortlived and strong growth elsewhere offset declines in sales to commercial aviation customers impacted by the pandemic.

In a year when many companies were left cash-strapped by COVID-19 and axed their dividends, BAE announced a dividend of 23.7 pence for 2020, higher than the 23.2 pence it paid out in respect of 2019.

(Reporting by Sarah Young; Editing by James Davey and Elaine Hardcastle)

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Business

Daimler truck unit to focus on CO2-neutral technology

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Daimler truck unit to focus on CO2-neutral technology 2

BERLIN (Reuters) – German luxury carmaker Daimler said on Wednesday that its plan to spin off Daimler Trucks will allow the world’s largest truck and bus maker to become more profitable and focus more on developing technologies to cut carbon emissions.

The spin-off plan, announced earlier this month, should make the unit more agile, profitable and able to develop CO2-neutral drive technologies for trucks and buses, Daimler said in a statement.

Daimler said the truck business had seen a recovery in the fourth quarter, especially in North America and Europe, selling 121,000 units, almost double that of the second quarter, when sales were hit by the coronavirus pandemic.

For 2021, Daimler Trucks forecasts revenue to be significantly above the prior-year level and is aiming for a significant increase in adjusted return on sales to 6-7%, up from 2% in 2020.

(Reporting by Emma Thomasson; Editing by Caroline Copley)

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Outsourcer Serco resumes dividend, raises 2021 outlook on NHS boost

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Outsourcer Serco resumes dividend, raises 2021 outlook on NHS boost 3

(Reuters) – Serco Group Plc reinstated a dividend and raised its 2021 forecasts on Thursday, after the British outsourcer posted a 20% jump in annual revenue, bolstered by its services to the country’s COVID-19 test and trace programme and U.S. acquisitions.

Revenue is now expected to be about 4.2 billion pounds ($5.95 billion) for this year, while underlying trading profit is forecast to be around 175 million pounds, the company said, roughly 10 million pounds higher than its forecast in December.

Serco announced a shareholder payout of 1.4 pence for last year, after suspending them in 2014 as part of a restructuring drive to overcome a string of contract failures and profit warnings that ramped up debt and hurt its reputation.

Chief Executive Officer Rupert Soames said that one of the key factors in deciding to restart paying a dividend was that “any concerns we had about liquidity have proved groundless,” adding that the company has re-entered the debt market and has been cash positive.

Sales in 2020 rose to 3.88 billion pounds from 3.25 billion pounds in the 12 months ended Dec. 31, while underlying trading profit rose 36% to 163.1 million pounds.

($1 = 0.7064 pounds)

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Rashmi Aich)

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