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Different types of loans for private businesses

Different types of loans for private businesses

Small or big businesses often need loan assistance to achieve their plans and goals of expanding. Depending on your need, there are different types of loans that cater to big businesses. However, business-related loans have different types of requirements and differ from regular loans because they usually deal with huge amounts of money. 

For traditional business owners, the idea of borrowing money or applying for loans is considered a bad idea. However, that thinking changed as the business ecosystem changed to catch up with the fast-paced movement of the economy.

If you’re curious to learn more about loans, you must first understand why businesses apply for them. This will help you assess your needs and analyze how you can use them for your business needs. Before you apply for any loans, here’s everything you need to know:

Business expansion

One of the most common reasons why entrepreneurs apply for loans is to expand their business. As businesses grow, their need for capital also increases to accommodate expenses such as bigger rental fees, branch expansions and increasing manpower.

If you’re a business owner, assess your company’s needs and see the areas you need to improve on. When you see your employers squeezed in tiny spaces or your establishment has potential in a new location, you need to consider expanding your business. Fortunately, there are SBA and unsecured business loans you can apply for.

There are also things you need to consider for this. If you’re a first-time business owner, make sure that you research your market carefully and execute your continuity plans accordingly. Check out important issues on your checklist before you file for loans so you won’t end up losing money or drowning in debt. Look for a business loan with a flexible tenor and payment options that fit your financial capacity.

Recruiting new employees

Business owners also apply for loans when they’re trying to hire new employees. Usually, businesses that need increased employee support apply for loans to expand their manpower. If you have a business, assess the productivity of your company and see if you need to upgrade the number of employees you have.

Improve business cash flow

According to a study conducted by the U.S bank study, at least 82% of businesses fail due to limited cash flow and poor cash management. According to business experts, after a business has been established, the end game is still about the money coming into the company.

Moving a business to a different location

Even if your business is doing great in the same place where you established it, there are always other opportunities outside your comfort zone. Moving to a different location is one of the reasons why entrepreneurs apply for loans. Transitioning from one place to another can incur a lot of expenses.

Improve marketing strategy

Having a good marketing strategy is one reason why businesses apply for loans. Marketing services don’t come cheap and usually come with a lot of expenses because a team of experts will handle the job.

Pay off unpaid invoices

Over long years of running a business, entrepreneurs can face issues such as accumulating debts. One of the reasons why entrepreneurs apply for loans is that they have unpaid invoices they have to pay off. Usually, this type of issue can bring a company down and deplete business reserves.

Why career seminars are important

Why career seminars are important

No matter what industry you’re in, it’s important to be up to date with the latest innovations and new information. Here’s where career seminars come to play. When it comes to relaying recent findings or important updates, there’s no better way to share it with others than in a seminar where a crowd is present. 

However, these seminars don’t often come for free and they take up your free time. But despite that, attending seminars and workshops is still highly recommended for professionals, especially for entrepreneurs and those looking to make connections. Here are Biz-tama’s top reasons why career seminars are crucial to improving the performance of every working professional.

Learn new topics 

In seminars, experts in their respective fields are invited to speak and share their insight on specific topics. This allows you to learn more about a topic without spending time reading and researching on your own. With the limited time given to them, speakers usually make their presentations as concise and informative as possible. This means you’ll have intensive exposure to a certain topic, and if you listen with intent, take notes and properly prepare for the seminar, you’ll be able to leave the event with more knowledge than when you came.

Update your information

These events are also the best place to spread new information about the latest trends and developments in certain industries. In fast-paced industries such as business and technology, there is always new knowledge to learn. Developments are always sprouting and if you lag behind others, then you’re already a step behind your competitors. It’s important to keep in touch with the current trends and innovations so you can apply them in your business and improve the way you manage it.

Have new conversations

When a presentation is over, the speaker often entertains questions to keep the momentum going. This allows a space for dialogue between the speaker and the audience. Once the floor is open for inquiry, grab the opportunity to ask questions and learn more about the topic. After all, you probably won’t be able to meet the speaker and have the chance to ask questions. You can also learn by hearing about other people’s inquiries. This gives you a fresh perspective, making the experience more comprehensive and informative.

Make connections with others

During seminars or workshops, professionals from different groups and companies come together in one room for a day or more. There’s no better place to expand your network than this. These events offer an opportunity for you to develop new relationships, meet new peers and network with other professionals in the industry. The connections you make in these seminars can prove useful when the time comes and they will benefit your career in big ways if you play your cards right. 

Find out which seminars are perfect for you here at WBtpo!

WBTPO: Guidebook to starting your business

WBTPO: Guidebook to starting your business

In today’s day and age, it’s normal to have side hustles and small businesses that you can set up aside from your primary source of income. This can greatly help with your finances as well as your transition to a full-time entrepreneur if you want to in the future. We can help you achieve your goals here at WBTPO!

How to get started

There are different things you need to consider when starting your business. It’s a gruelling process that can take time and effort but it’s all worth it in the end! Here are some of the things you need to keep in mind when starting your business:

Coming up with your business idea

You have to start somewhere. All great business ideas came from small but unique concepts that cater to the current trends and demands of the market. Moreover, you should also find a business that would interest you so you would have the passion to fight for it every day. 

If you don’t have passion for what you’re doing, it’ll be harder for you to come up with a business model and solutions as you go along. A great way to do this is by identifying a problem that you are struggling with that you wish was solved. 

Create a business plan

There’s no business if you don’t create a plan or model for your product or service. This can help clarify what you want to happen with your business and create a plan of action in the next few months of your venture. 

A business plan will also help you tremendously when you apply for financing aids and loans. This will give financers an idea of your trajectory and potential profit in the long run which can influence their decisions on your loan application. 

The legalities of your business

Decide on what your legal ties with your business will be. This can help define what your assets and liabilities are when setting up your business and starting it up in your preferred platform. 

Would you like your business to be a sole proprietorship or a limited liability company (LLC)? For the sole proprietorship, you’ll be held liable for debts and lawsuits in your business. However, an LLC limits your liability and separates you and your business when it comes to legal technicalities. 

Business bank account

To get your business up and running, you’ll need to create a separate account for it. It’s a great way to separate your personal and business finances without getting them mixed up. 

Partner with your local bank so you can establish a professional relationship with them. If you’re a small business startup, it’s best to opt for smaller local banks that can cater to your every need.

Look for insurance

Insurance isn’t only for your health and savings. Your business should also be protected with insurance. This is so you’re protected from financial liabilities, business interruptions and lawsuits. 

Seek the help of an insurance agent or a representative at WBTPO to help you get started with your insurance. There are different insurance options that you can opt for so it’ll be tailored to your business model.

WBTPO: A planner’s checklist for exhibitions

WBTPO: A planner’s checklist for exhibitions

Most exhibitions can be classified into two different categories which are trade and consumer exhibitions. The former refers to those discussions that are meant to help meet the needs of a country and is limited to only the professionals that are from this field. Meanwhile, the latter is the opposite because it’s a collaboration of different industries that is open to the general public. It is also a great way to showcase your products to potential consumers.

On the other hand, hosting an exhibition requires a lot of effort and time to put together all the needed factors for the event. Here are some considerations you need to keep in mind when preparing for one:

Choose a relevant theme

Regardless of what kind of exhibition you will hold, it is important to choose a suitable theme for it. This could range from serious discussions about world issues to presenting new products to the market. It is important to have a theme so that all the designs and overall set-up of the event can appear aligned with each other, rather than seeming out of place and random. An example theme that is relevant to the generation today is a go for green and sustainability drive that focuses on showcasing items that can help the environment.

Pick the best venue

After planning out your theme and the initial preparations for your exhibition, you would need the perfect venue that can cater for your chosen audience. A great option is the West Bengal Trade Promotion Organisation (WBTPO) which is a premier agency with various services including events venues. We have various facilities that are fit for exhibitions, especially for large gatherings. Contact us through our website for more details about this.

Know your participants

When selecting a great venue, you also need to consider the number of your participants. By having a rough idea of their approximate figure, you would be able to decide on the most suitable location to hold your event. Also, it helps to know more about your audiences like their preferences and things that could hold their interest during the exhibition. This is important because it can increase your attendees and make them want to stay throughout the showcase.

Prepare the best lighting and sound

Before and during your exhibition, you need to check your lighting and sound equipment regularly. The place has to be well-lit so people can easily see their way around especially if there are different kiosks up for display. For the sound, it is important to have background music while everyone is looking around the place to maintain a harmonious atmosphere. When it comes to the choice of song, research the most trending music in the particular age group of your audience so you can play tunes that resonate with them.

Top 4 reasons why you need to invest today!

Top 4 reasons why you need to invest today!

Top 4 reasons why you need to invest today!

Investing money isn’t just for the rich and powerful. Even if you have no vast knowledge of the stock market, you can still get your money to grow by investing it. The time is now to start your investment plan and make your money grow exponentially!

At WBPO, we can help you learn and understand strategies about investing through our blogs. You can browse through things you need to know about the stock market and why you should invest your money as early as today. 

With this in mind, here are some of the reasons why you should start investing as soon as you can:

  1. Time is still on your side

While you’re still younger, there is plenty of time for you to let investments grow. You’re making your money work smarter when you invest it in the stock market instead of just putting it in a bank. Investing allows your money to move rather than just letting it sit stale in your savings. 

What’s better with investing early in life is that it allows you to make mistakes without worrying about the future. There’s a lot more at stake when you invest a huge chunk of your savings when you’re older than purchasing small units of stock as a young investor and letting the interest compound over the years. 

  1. Save for retirement without too many worries

Working a nine-to-five job every day isn’t going to help you save up for retirement. You’ll have bills and other miscellaneous expenses to worry about than painstakingly thinking about a retirement plan. Let your investments worry about that for you!

Always work smart when investing your money. As early as now, you should put your savings into a portfolio of investments including stocks, bonds, mutual funds, real estate, or even precious stones. This way, you’ll have reserved money that you can use when you retire. 

  1. Reaching financial goals

A savings account alone would take a while for you to reach the big financial goals you set for yourself. If you allot some of that money for stock market investments, your savings will grow over time and at a faster rate. 

A normal nine-to-five job and a savings account aren’t enough to get these goals going. You’ll need a backup plan that allows your money to grow and that’s where investing comes into play. This helps you reach the financial goals you’ll need as you grow older like setting up businesses or buying a home.

  1. Mistakes are okay

Making mistakes is part of the investment process. Many people tried to avoid investing because they think they’ll mess it up with a minor lapse of judgement. This is why you need to start investing young so you can still afford to make mistakes. 

You’ll undergo trial and error before gaining your footing in the stock market and that’s okay. There will always be moments where your stocks go down but it won’t mean the end of your investment. This just means that you’ll have more knowledge on what you need to do for the next steps. 

आपको पश्चिम बंगाल व्यापार संवर्धन संगठनअपने कार्यक्रम को बुक करने के 5 कारणपश्चिम बंगाल व्यापार संवर्धन संगठन में

आपको पश्चिम बंगाल व्यापार संवर्धन संगठनअपने कार्यक्रम को बुक करने के 5 कारणपश्चिम बंगाल व्यापार संवर्धन संगठन में

आपके कॉर्पोरेट शिखर सम्मेलन के लिए सही जगह ढूँढना विशेष रूप से कठिन हो सकता है जब आप सैकड़ों लोगों को आमंत्रित करने की योजना बना रहे हैं। कई चीजें हैं जिन पर आपको विचार करने की आवश्यकता है और बहुत सारी योजनाएं जो समय पर सब कुछ पूरा करने के लिए की जानी चाहिए। 

आप अपने द्वारा देखे जाने वाले पहले स्थान को बुक नहीं कर सकते हैं क्योंकि कुछ नियम और विपक्ष हैं जिन पर आपको विचार करना चाहिए। हालाँकि, यहाँ पश्चिम बंगाल ट्रेड प्रमोशन ऑर्गेनाइज़ेशन में, हमारे पास आपके लिए यह सब है! निश्चिंत रहें कि हम आपके ईवेंट प्लानिंग से लेकर शिखर सम्मेलन के ऑन-साइट निष्पादन तक सब कुछ शीर्ष पर हैं। 

यहां कारण हैं कि आपको अपने संगठन के लिए अपने संगठन पर क्यों विचार करना चाहिए: 

  1. हमारी सुविधाएं विशाल हैं

भवन के भीतर हमारे पास कई सुविधाएं हैं जिन्हें आप अपने कॉर्पोरेट कार्यक्रमों के लिए बुक कर सकते हैं। इन स्थानों में से प्रत्येक में एक कार्यकारी फ़ंक्शन है जो आपके ईवेंट की आवश्यकताओं को फिट कर सकता है। निश्चिंत रहें कि आप इन सुविधाओं को तब तक सजा सकते हैं जब तक आप हमें अपने कार्यक्रम के लिए एक फ्लोर प्लान के साथ प्रस्तुत करते हैं। सजावट के लिए आगे बढ़ने से पहले हमारी स्वीकृति की प्रतीक्षा करें। 

  1. पश्चिम बंगाल व्यापार टीम यहाँ है मदद करने के लिए

हमारे कुशल कर्मचारियों का रोस्टर आपको अपने शिखर की कल्पना करने में मदद कर सकता है। हम आपकी दृष्टि और लक्ष्यों को प्राप्त करने में आपकी मदद करेंगे। हमारा संगठन जानता है कि कितनी व्यस्त और तनावपूर्ण योजना हो सकती है और हम यहाँ आपकी मदद कर सकते हैं जो भी हो। आप यह जानकर आराम करेंगे कि हमारे कर्मचारी पूरे कार्यक्रम की देखरेख और समर्थन देंगे। 

  1. मैदान सुरक्षित हैं

हमारे पास सुविधा के भीतर सभी की सुरक्षा सुनिश्चित करने के लिए अत्याधुनिक सुरक्षा प्रणालियाँ हैं। बड़े पैमाने पर कॉर्पोरेट शिखर सम्मेलन में कई प्रमुख लोग उपस्थित होते हैं यही कारण है कि हमारे पास केवल सबसे अच्छी सुरक्षा प्रणाली और कर्मचारी सवार हैं। बाकी का आश्वासन दिया गया है कि प्रत्येक गार्ड हथियारों से लैस है जो केवल आपात स्थितियों पर उपयोग किया जाएगा। इसके अलावा, हमारे प्रत्येक कर्मचारी को उच्च सुरक्षा स्थितियों और उल्लंघनों को संभालने के लिए प्रशिक्षित किया जाता है। आपकी सुरक्षा के लिए डरने की कोई आवश्यकता नहीं है क्योंकि हम इस मुद्दे से एक कदम आगे हैं। 

  1. भोजन प्रदान किया जाता है

हमारी कंपनी में एक इन-हाउस खानपान सेवा है जिसका उपयोग आप अपने ईवेंट के लिए कर सकते हैं। हम अत्यधिक संलयन सांस्कृतिक व्यंजनों के विशेषज्ञ हैं जो दुनिया भर में कई मेहमानों द्वारा आनंद लिया जा सकता है। आप हमें एक विशेष अनुरोध मेनू दे सकते हैं और हम आपके और आपके मेहमानों के लिए इस पर काम करेंगे। इसके अलावा, आपके पास अपने स्वयं के खानपान को लाने का विकल्प भी है लेकिन बिजली के लिए एक ओवरहेड शुल्क है। 

  1. घटनाओं की जगहअत्यधिक मांगी जाती है

हर साल, हम अगले के लिए एक उच्च मांग वाले कार्यक्रम का आयोजन करते हैं। उस स्थान के लिए एक विपणन प्रतिध्वनि है जो आपको अपने कार्यक्रम के लिए साइन अप करने के लिए अधिक मेहमानों को आकर्षित करने में मदद कर सकती है। इसके अलावा, लोग यहां होने वाली सभी घटनाओं की अत्यधिक आशा करते हैं। न केवल उन्हें आपके शिखर सम्मेलन से सुखद अनुभव मिलता है, बल्कि उनके पास इस क्षेत्र की खोज करने का एक अच्छा समय भी है। पेंसिल अपने ईवेंट को बुक करें और अपने मार्केटिंग और प्रमोशन टीम के साथ काम करके अपने इवेंट को अपने टारगेट डेमोग्राफिक में और अधिक कर्षण में मदद करें।

WBTPO: How to begin trading in the market

WBTPO: How to begin trading in the market

Investing in the stock market can be overwhelming especially if it is your first time. However, with a bit of guidance, rest assured that you will be able to trade in the market with ease. Not only is this a great way to earn profit but is also helpful if you are saving for retirement. Interested in online trading? If yes, then read further to know more below!

Assess your investment goals

If you are just starting out in online trading, the first thing you need to do is assess your investment goals. Most traders can be classified as either short or long-term investors. For a proper evaluation, make sure to write these goals down before trading. Some examples include:

  • For instance, if you are planning to save money for retirement then you probably want to organize a long term investment.
  • On the contrary, if you are planning to get your children to college, you need to plan on short term investments.

Conduct research on current trends.

Once you have written down your investment goals, you now need to research the current trends. By doing this, you will be able to know which one to invest in to earn money. Fortunately, there are many reputable sources that report on market trends such as:

  • Kiplinger
  • Investor’s Business Daily
  • Traders World
  • The Economist
  • Bloomberg BusinessWeek
  • You could
  • Abnormal Returns
  • Deal Book
  • Footnoted
  • Calculated Risk
  • Zero Hedge

Select a trading website. 

For people who are just starting out, using a reputable trading website will give you a higher chance of successful trades. However, when looking for one, make sure to read reviews online. This will give you a better idea of the platform that is suitable for you. Moreover, they must also offer amenities such as a mobile phone app, investor education and research tools, low transaction fees, easy to read data and 24/7 customer service. Some of the best sites we recommend include:

  • Scottrade
  • OptionsHouse
  • TD Ameritrade
  • Motif Investing
  • TradeKing

Buy reliable stocks.

Although you have a lot of stocks to choose from, it can be quite hard to pick one that will guarantee profit the most. For this reason, you must always keep these things in mind before investing in a particular stock:

  • Try to look into a company’s public financial reports to evaluate how profitable they are. Remember, a more profitable company usually means a more profitable stock. To find them, visit their website to get their contact information, call the company staff and request a hard copy.
  • Before investing, try to research the company’s worst quarter on record and decide if the risk of repeating that quarter is worth the potential for profit.
The Most Popular Export Products of India

The Most Popular Export Products of India

The Most Popular Export Products of India

The economy is one of the most important aspects that contribute to the growth of any country. Indeed, it is with the flow of products that the gross annual income of a country is computed. By knowing how much has been earned by its citizens and its businesses, the economic state of the country is determined. One of the things that are observed is the flow of the export products and how well they perform in foreign countries where they are being sold. 

All countries have their own export products. More often than not, products that are exported are the ones which a certain country is most proud of. India is one of the countries that have an impressive flow of export goods. 

Here at West Bengal Trade Promotion Organisation, we monitor the trade and commerce of the country. With that, here is a closer look at India’s export market. 

Export products 

India is one of the countries that are doing well when it comes to their exports. In fact, this is one of the reasons why India is one of the fastest-growing economies in the world. According to statistics, the export market of India is the major contributor to its economy. Aside from that, they are also known as one of the leading exporters around the world. 

Here are some of India’s most popular exports. 

  • Precious metals 
  • Gems
  • Oil and other mineral fuels
  • Vehicles
  • Iron and steel
  • Clothing
  • Computers and other gadget components 
  • Pharmaceuticals
  • Organic chemicals 
  • Electrical machinery and its components 

These are just some of the products that are being exported from India. More often than not, the net worth of the exports can be valued at more than a hundred million dollars. 

Top export recipients 

Given the fact that the products being exported by India are really promising, the things that they offer have already made their way to several countries around the world. By being one of the top exporters in the world, it is not surprising to know that the variety of products they offer appeals to the interests of other countries. With that, here are some of the most common recipients of Indian exports and the products that they usually receive. 

  • United States (diamonds)
  • United Arab Emirates (jewellery)
  • China (refined copper)
  • Hong Kong (diamonds)
  • Germany (gas turbines)

Although the aforementioned are just some of the country’s main exports, what remains to be on top is refined petroleum. Given that this is highly important in any country, it is not surprising to know that India became an economic powerhouse because of the way that it exports a lot of essential petroleum across the world. 

By looking at the performance of Indian products on the export market, one will really be impressed by how India is capable of having a promising economy that can rival that of other huge countries. 

Trade Expo Explained for Beginners

Trade Expo Explained for Beginners

Trade Expo Explained for Beginners

Trade expo goes by many names which usually only differ by region. In Europe, it is called a trade show while it is called a trade fair in most parts of the United States. It is also called a trade exposition which is the full version of the word. Many just call it simply ‘expo’.

What Is the Purpose of an Expo?

By definition of the word ‘trade exposition’, this event is all about exposing your trade to interested parties. Investing in public marketing is one way to get your product and brand to reach its target audience. 

Meanwhile, joining an expo allows your goods and services to be appraised by enthusiasts of a similar field. This is how you meet with experts in the industry, see potential investors, make connections with trade partners, or identify your rivals.

Types of Expo

There are two types of trade expos and those are the following:

Consumer Expo

Consumer expo or public expo is the kind of event that is open for people outside of the industry. This kind of setting always allows the exhibitors to sell their products in retail to random people. 

While they may not be experts, some members of the public may know a thing or two about your trade. If they give their opinion, you have to respect it. A consumer expo is like a market and along with that is the common practice of haggling. Be sure to be ready for that kind of engagement.

Trade-Only Expo

A trade-only expo is an event where nobody who is not registered or recognized as a member of the industry is allowed to enter the event’s floor. Every person visiting your booth is an expert in the field. 

The kinds of people invited to these events are company representatives and investors. Members of the press are also invited to write about most of the exhibits and hopefully promote them. Other times, they’re just there to become the window for the public looking in. 

Most trade-only expos are about innovations in the industry such as new medical equipment or techniques. Others include project proposals looking for investors to start their operations. Other times, traders just want to get an orientation on the state of the industry and maybe buy wholesale from each other. 

Other Things that Happen in an Expo

Aside from trading or making connections, expos are also great mediums to spread awareness about certain topics that must be addressed by industry leaders. Some of these include a change in the way marketing should be held because of the popularity of a certain medium. 

Other times, it’s an opportunity to stop a certain practice that may be causing more harm than good to sales. The West Bengal Trade Promotion Organisation often addressed such topics for both global and local scales.

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