postaday | wealthymatters

Here Is How a Personal Loan Can Brighten Your Festive Season

November 10, 2019 Leave a comment

wealthymatters Gone are the days when people had to go to moneylenders to borrow at high interest rates. And, the practice of going to a pawnbroker and using jewellery to get some funds is also slowly becoming a thing of the past. People don’t have to worry about unregulated lenders harassing them anymore. This is mainly because of the presence of a number of legitimate financial institutions in the market today. By choosing a lender like Bajaj Finserv Markets, you can be sure of low interest rates.

If any unexpected expenses arise, the best thing you could do is apply for a personal loan . It’s an unsecured loan that helps individuals fulfill their immediate monetary needs. The plus point is that there are no restrictions on the proceeds of the loan amount. So, you could use it for any purpose like paying off a debt, financing your wedding, taking care of medical expenses, starting a new business, constructing a house, going on a vacation, etc. In short, it’s your money and you can do whatever you want with it. Read more of this post

Filed under Tidbits Tagged with collateral, EMI calculator, interest rates, loan against property, loan approval, loan disbersal, loan eligibility, moneylender, pawnbroker, personal loan, postaday, unsecured loan

6 Basic Day Trading Strategies You Can Use

August 13, 2019 Leave a comment

Day trading or intraday trading, is speculation in securities by buying and selling financial instruments within the same trading day, such that all positions are closed before the market closes for the trading day.Day trading has been a time honoured way for enterprising individuals to accumulate capital and manage their living expenses while they go about building wealth.For certain personality types,day trading sure beats working at a jobby job !

Every successful day trader has his or her own personal style,that’s a variation or combination of the 6 basic strategies below. Moreover there is profit in being able to vary the strategies you use depending on various market conditions. Read more of this post

Filed under Paper Assets Tagged with bandwagon effect, candlesticks, channel breakout, confirmatory effect, contrarian trading, day traders, day trading, demat account, fade technique, herding, intraday trading, intraday trading strategies, intraday trading tips, leverage, moving averages, news playing, postaday, price action, price bands, price bars, range trading, scalping, securities, share market, short selling, speculation, stock trading, trend following, trendline

What Makes The Current Times So Great For Family Businesses ?

August 7, 2019 Leave a comment

wealthymatters A commonly cited statistic is that only 30% of family businesses make it through the second generation, 10-15% through the third, and 3-5% through the fourth.

Now for some perspective : How many businesses of any kind are still around after the equivalent of three or four generations? A study of 25,000 publicly traded companies from 1950 to 2009 found that, on average, they lasted around 15 years, or not even through one generation! In this context, family businesses look pretty enduring,don’t they?

In the hyper competition of the Fourth Industrial Age, family businesses have innate strengths over others forms of ownership, especially public companies. In the Second and Third Industrial Age, businesses had access to vast opportunities, which meant that winning strategies revolved primarily around size. Public companies had a clear advantage while raising massive capital. But firms today are no longer looking at endless opportunities. Instead, they have to struggle for their very survival in an intensely competitive world of slower growth and more frequent economic crises. Read more of this post

Filed under Entrepreneurship, Theory Tagged with advantages of family business, agile business, captive capital, corporate governance, employment, family business, Fourth Industrial Age, higher calling, investment, postaday, principal-agent problem, rapid response, reputation, sustainable footprint, talent

Ownership, Inheritance, Succession And Control In Family Businesses

July 30, 2019 Leave a comment

Starting-up and getting a business to stabilize and start paying off, is one sort of challenge.At the time,an entrepreneur might even be glad to have family and relatives pitch in and give them a helping hand.

Its only a little later that a whole lot of other challenges crop up.People who bear risk ,put their own life and priorities on hold or put in substantial efforts into a business expect that their contributions will be rewarded,not just perhaps in the form of a one-time or limited pay-out but in terms of a share of future profits and control over the business,so that they can guarantee and determine the quantum and timing of payouts.Perhaps even these challenges could be managed by having open discussions with all concerned ,ensuring full buy-in and clearly recording what is owed to who and why. Read more of this post

Filed under Entrepreneurship, Theory, Tool Kit Tagged with compensation, core business, daughters in family business, family business, family business ownership and control models, founder, free loaders, inheritance and succession in family business, nested model, owner-manager, partnership model, postaday, private company, profit distribution, public model, successor

The Pros And Cons Of Requiring Children To First Work Outside The Family Business

July 12, 2019 Leave a comment

wealthymatters Generally,the term ‘family business‘ evokes plenty of envy,fueled by images of no-account inheritors living it up,even as other meritorious souls in society don’t get a chance to take the easy road to the good life…….of concentration of wealth in the hands of the few,to the detriment of all others.

Under the circumstances,business schools,family-business consultants and the media today,feel the need to recommend that people work for at least 5 and sometimes 10+years outside the family business.In fact the education system feels the need to socialize children to seek success in fields far removed from their parents own occupation.Besides business families themselves feel it good PR today to talk of how their children won their spurs outside the family business and so are not mere inheritors.

Here are the pros of first requiring family members to work elsewhere before entering the family business : Read more of this post