Financing And Refinancing Through Commercial Loans

Business establishments all over the world need a proper channel of cash flow so that they can maintain regularity in growth and diversification. As it is rightly said, finance is fundamental to the growth of an old business and vital for any businessman to put the business planning take into action.

Loans for business purposes are available by pledging commercial properties or by borrowing without supplying any security. In both cases, there are lots of differences like the loan eligibility, the rate of interest offered by the lender, the loan tenure and repayment conditions. A successful business project is very often an organized one. You have to plan it well and supply with right dose of capitalization. If over capitalization of business can result in lower earning per share, the under capitalization can also have its negative effect in the form of unnecessarily high stock prices that are unrealistic.

A successful businessman always takes care of under investments and over investments. More complex financial aspects are taken care of by the financial experts and brilliant business minds. But, arranging for the daily cash flow requirement is relatively low level task that is handed over to the delegates having authority to deal with day to day functioning of the company. Business loans are one of the easiest means to ensure that any shortage in funds is met effectively at lower rates and in a competitive environment.

If you are seeking funds for a new venture, it will be perfect to take care of every possible aspect so that no problem arises later on. The root level problem that people face is the lack of knowledge when they go out and start searching for a commercial loan at low rate [http://www.loans-park.co.uk/commercial-loans.html]. The second obstacle comes when finance is made available to you. It relates to how to generate profits out of it so that interest payments can be justified. Both these things can be answered by a well-planned and well-implemented course of action. There should be a clear-cut plan of what you are going to do with money and how you are going to generate the profits. This should be your biggest and legitimate concern if you are to reach the top of the business world.

Market trends and in-depth knowledge about the business is necessary before take a plunge into it. If you are not confident, it is not advisable to take commercial business loans and risk your capital; business is surely not a fun expedition. On the other hand, there are people who lose valuable opportunities because they think that the cost of capital is too high. The market rates are bound to fluctuate in the market. There is an opportunity to refinance commercial loans if the interest rates fall drastically in the time to come. So, do not waste too much of your precious time and proceed with your plans if you are confident of the business project you are handling.

The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting ask4loan.co.uk as a finance specialist.

Scaling Your Software Team: A Guide to Hiring Developers in India

Looking for top-notch developers but can’t find them locally? Where should you look? What’s the difference between outsourcing and offshoring? And strategies to hire developers from India?

These are common challenges for organisations aiming to expand their team of talented developers rapidly. But don’t worry, we are here to delve deeper and provide expert insights and solutions!

The dawn of a new era
2022 and beyond will witness a remarkable transformation in modern organisations as they increasingly embrace a technology-centric approach in their external offerings and internal mindset.

However, let’s not forget the critical ingredient: top-tier developers. A staggering 41% of IT decision-makers identified the talent and skills gap as their biggest challenge in a 2020 survey.

In the post-Covid era, IT decision-makers explore diverse strategies to build their tech teams. They’ve realised that collaboration can transcend geographical boundaries, thanks to the effectiveness of remote work.

Yet, expanding your tech team is more than just scattering employees across different locations. It involves either a temporary expansion to address project backlogs or a long-term commitment, where engineers seamlessly integrate as full-time colleagues.

The importance of location
Certain regions like Australia, the US, Canada, and Western Europe face a significant scarcity of highly skilled engineers. It’s not that they are non-existent, but renowned tech giants dominate the talent pool, leaving limited options for others.

Countries such as India, Ukraine, Romania, and the Philippines boast an abundance of exceptionally talented and qualified software engineers. Tech leaders should aim to grasp the art of hiring developers in India to expand their capabilities and achieve scalable growth.

Decoding the path to hiring developers in India
To address these shortages, alternative models have emerged, enabling companies in talent-deficient regions to tap into the skills of overseas professionals. Two popular options are outsourcing and offshoring.

Outsourcing involves collaborating with an external vendor, often called a software house. This arrangement works well for short-term projects or to manage temporary fluctuations in workload. However, it’s important to note that these engineers serve multiple clients, not exclusively your organisation.

Offshoring entails building a dedicated team of engineers integrated into your existing setup. They become full-time colleagues, working in sync with your in-house developers and sharing your business’s mission and values.

Unleashing India’s potential: exploring Bangalore
With a staggering 1.5 million engineering graduates annually, India offers a vast pool of highly educated and skilled software developers ready to fuel your business growth.

In Bangalore, out of the city’s 12.5 million residents, nearly one million are software developers. The IT industry employs a massive 10 million people annually in India, with 40% of those engineers originating from Bangalore.

Aptly known as the ‘Silicon Valley of Asia,’ the city boasts a robust startup ecosystem and hosts the R&D centres of tech giants like Google, Amazon, and Microsoft.

The Scalers’ 7-step process to hire developers in India
1. Talent scouting: identifying elite candidates through initial search and prescreening.

2. Logical skills testing: assessing candidates’ problem-solving abilities through various tests.

3. Technical expertise assessment: conducting a practical assessment with our technical panel to gauge understanding.

4. Mock assignment: evaluating candidates’ solution architecture skills through a three-day project.

5. HR interview: delving deeper into candidates’ personalities and individual traits.

6. Manager interview: assessing cultural fit for your business.

7. Final stage: you conduct the final interviews and select your champions from the elite group.

Partnering with The Scalers, an experienced offshore team builder, ensures access to top talent in Bangalore while maintaining oversight over the output, similar to working with local engineers. Our proven methodology guarantees highly skilled developers who align with your business values and working ethos.

Hiring developers in India: final thoughts
The race for innovation is in full swing, and organisations can’t afford to lag.

Falling behind means watching your competitors vanish into the distance. Bridging this gap requires a solid understanding of how to hire developers in India—a fool-proof solution that paves the way for a dedicated and strategic long-term team.

If you’re ready to take your organisation to the next level, an offshore team can be your best ally. To tap into Bangalore’s thriving IT ecosystem, simply reach us through our contact form. As seasoned experts in assembling top-tier engineering teams in India, we’re here to help you build your A-team!

Launching A Successful Social Media Marketing Campaign

Social Media Marketing is a relatively new way to advertise your products and/or services, and has been proven effective repeatedly. This is especially true when your target audience consists of teenagers and young adults. A few examples of very successful Social Media Marketing Campaigns (Forbes, The Best-Ever Social Media Campaigns) are:

Procter & Gamble’s Old Spice Campaign – Proctor & Gamble devised a clever way of actively involving fans and customer’s by inviting them to use Twitter and Facebook to submit questions to Isaiah Mustafa, who would then quickly, and rather wittily, respond in a web video.
Blendtec: Will It Blend? – Blendtec released a series of video shorts for their Blendtec Total Blender featuring odd things being blended, such as an iPhone. This marketing campaign not only successfully promoted Blendtec and their products, but blender sales has seen an astonishing 700% sale increase since 2006.
Pepsi Refresh – Pepsi started this campaign, and it is still ongoing, to promote their brand whilst giving an opportunity to the everyday consumer to obtain funding for their unique and charitable ideas and work. This appealed very well to their young consumers.
OfficeMax’s “Elf Yourself” Campaign – During the holiday season of 2006, OfficeMax launched its “Elf Yourself” campaign. This allowed users to upload pictures of themselves, which would then be placed on a dancing elf. Over 122 million users created their own dancing elves. This in turn boosted traffic to OfficeMax’s website and increased sales and brand awareness.
Ikea’s Showroom on Facebook – When Ikea opened a new store in Malmo, Sweden they had the idea to have the store’s manager post pictures of the showrooms to Ikea’s Facebook page, then invited fans to tag the pictures. The first fan to tag an item on one of the showroom pictures then won that item. This campaign actually won an award at Cannes in 2010.
What do these hugely popular and effective Social Media Marketing Campaigns have in common? Below is a breakdown of the commonalities they share:

Personalization – Social Media is based on the concept of connecting people with each other and the things they feel are important in their lives. An effective campaign ensures that the consumer feels commonality and personal interest from the company.
Interaction – People want to feel involved. When a company produces a way for the consumer to directly communicate and interact with it, there is certain “consumer/company bond” formed.
Humor – Strategically placed humor is a great way to catch someone’s attention. If your marketing material is funny enough, it is sure to make its way around the office, plop into conversations between friends, and most importantly be remembered.
Humanization – This directly relates to Personalization and Interaction. No consumer wants to feel like they are just another statistic to a company, they want to establish long-term relationships with businesses that they feel they can relate to.