Inovation Archives - Linux Headquarters

Four sources of funds to start a business

By Admin on 15th November

Many people want to start businesses, yet they do not know how and where to get the funds needed. Here are some of the sources of business funds which you can obtain easily.

1. Personal loans

One of the best ways in which you can capitalise your business is by borrowing from your relatives and friends who have surplus funds. Such a loan has no interest, though sometimes friends or relatives can charge a lower interest to cover the lost opportunity for their money. For sure, personal loans are viable and attractive business proposition—it is the best way to finance your business with the least cost.

2. Personal savings

The best way to capitalise your business is by using personal savings. With this kind of business funding, there are no worries whatsoever about interest or principal payments. In the case of business failure, you will only lose the invested money.

3. Credit Cards

The other good way for you to fund your business is using credit cards. In fact, credit cards have a lower interest rate compared to pawnshops or loan sharks. Admittedly, it is not recommended that you use loan sharks and pawn shops to finance your business. For you to get the most of your credit, purchases should be made right after the cut-off date. By so doing, you will ensure that the credit is reflected in the bill for the month that follows.

4. Bank loans

Whether you want to pay for marketing, hire premises, pay for staff or acquire assets, you can always apply for business loans, grants and funding from a variety of sources, especially banks. Banks are normally the common sources of business funding. Nevertheless, you must prove that you are worth before your loan application is considered. Admittedly, bank loans are not the best business capital for startups. For one to qualify for a loan, one must show a track record in the business supported by feasibility studies and financial reports.

The above are four sources of funds for starting a business. Others include Consignment of goods, investment liquidation, and leasing.

What is Elon Musk Up To?

By Admin on 8th June

Elon Musk is a very ambitious man with equally ambitious, but viable, projects up his sleeve. One of his companies is bent on changing the auto industry, while the other is busy trying to take humans to Mars, and the other is intent on supplying electricity to anyone who needs it. Clearly, Elon Musk is trying to reinvent the whole world in just a single lifetime. SpaceX

But Tesla Motors and SpaceX are not the only major transport-related projects Elon Musk is working on. Elon Musk is deep in the works trying to invent a train system where computers can be transported between different cities at a very high speed- as high as the speed of sound. The train system is called the Hyperloop. The train system is an amalgamation of a railgun, Concorde plane, and an air-hockey table, as per the inventor.

Hyperloop technologies, which is in charge of the project, recently hinted on Twitter that it is planning to make earth-shaking announcements. It wasn’t immediately clear what those announcements it was planning to make were.

The company had announced in December 2015 that it was constructing a pioneering test track in the Apex Industrial Park in Las Vegas. The track is a little over half a mile, and Hyperloop technologies are testing it for sending its linear motors down the line at a speed of 330 mph.

By the end of the year 2016, Hyperloop technologies intend to construct a Hyperloop system that is two miles long, where a levitating pod can be accelerated to a speed of 700 mph before it is slowed down. The Hyperloop system is then set to eventually feature a low-pressure tube in which a pod packed full of commuters can travel up to a speed of 767 miles per hour between different destinations. For instance, a Hyperloop trip between San Francisco and Los Angeles will only take 30 minutes.

The Hyperloop system will depend on a passive magnetic levitation system which is developed by Lawrence Livermore National Labs. The magnetic fields within the tunnel will lift the pod before applying a thrust force that will accelerate the pod to a speed of up to 767 mph. The utilization of a passive levitation system effectively eliminates the necessity of a power station along the Hyperloop track, thus, making the system more suitable for the application. As a result, keeping its building costs low.

The system is very safe as levitation occurs only through movement. That means that should any type of power failure occur; the Hyperloop pods will continue to levitate and touch the ground only after reaching the lowest speeds.

Electric Plane

If you think that is all that this genius is thinking about, then you are sorely mistaken. Silicon’s most respected engineer is also planning to design an electric plane. And he has mentioned the idea of an electric plane on several occasions. Elon Musk says that he likes the idea of an electric aircraft company.

Probably, as Musk admits, the idea of an electric plane is premised on the forecast that all future vehicles will be electric and, thus, the idea of an electric plane is a very promising venture. He believes that all aircraft, ships, and all modes of transport are going to be fully electric. He has shared his thoughts in many interviews intimating that the ideal mode of long distance travel is a vertical take-off and landing electric plane.

Elon Musk That is not all that this technology enthusiast is up to. He indeed has a lot on his plate at the moment, but he seems to be coming up with more potent ideas even as days go by. His projects only get more ambitious. He has profoundly significant plans for Tesla and SpaceX. That is beside the fact that the engineer is engrossed on working on the release of a new form of Tesla Powerwall, which is an electric rechargeable battery for the home. To be able to produce this new Powerwall requires that they complete their Gigafactory by the year 2017.

Elon Musk has puzzled the world, and people all over keep wondering what he could be up to next. It seems that his mystique and his incredible successes cannot be explained so simply. Whatever his secret sauce is, the man has changed the world, and will impact it even in more profound ways.

How to Be a Trendsetter in Business

By Admin on 7th January

How to Be a Trendsetter in Business

There is no doubt whatsoever that today’s business world is competitive and at times complicated. This is the reason why those who are original, creative and have ample amounts of ambition find the most success. Those individuals are called trendsetters and those particular traits instilled in them are the types of traits which help them garner their dreams and their way to the top. This article will provide you with the insight into those special traits that help people achieve their business goals and dreams along with doing it in a relatively short period.

Be Innovative

Innovation is an element which has helped greatly in the effort of helping society advance, and it helps create a direct mindset into a simply better way of living. When it comes to changing the face of business, there is no better thing than an innovative mind. Those who use their creative abilities towards business know when current trends are at their prime and can even anticipate them.

Know How to Think Like a Consumer

Every individual on the earth is in some way a consumer. Consumers know what is hot at the moment, the things which make society tick and most importantly know exactly what they need. In business, when you adopt this mindset and place yourself within the mind of the consumer and the businessman, great things can happen and when done right, do happen.

Always be Keen to Understanding Trends

If one thing is for sure, the only way that you can alter the trends of the market is to understand fully. If you incorporate an intelligently thought out strategy and know how to improvise properly, you can change the market indefinitely. The simplest route to accomplishing this is to keep tabs in regards to newspapers, blog post and magazines. More great advice would be to attend seminars and even webcasts. The webcasts which are carried out by those who know their stuff and are intuitive in regards to every variation of an ever-changing market can deepen your knowledge greatly.

Adopt a Style

Those who create a style that radiates individualism and innovation have the ability to concoct a brand that stands out and can achieve a very high level. The key idea would be to begin with a truly original idea and then incorporate a logo that can turn heads and gain the right amount of attention. Styles and idea which are original are most always the ones that will not only acquire a great amount of success but be able to keep the longest.

Get to Know Your Customers

Regardless of your current business or your business goals, one of the most vital things to do is to get to know your customers and also know how to reach out to future customers. Good, Surefire ways to get to know your customers and their needs is to use web surveys, campaigns and other traditional forms of marketing. Feedback is without doubt key, and when customers and clients are happy with your products and the direction your business is going in, they will be more than happy to provide you with their opinion.

Always be Financially Conscious

Those business owners who believe that spending large amounts of money to better a particular situation will typically find themselves in some trouble. When money put towards a business campaign or an idea is tactfully spent, dispersed to the right areas and used towards the businesses key areas of interest will most certainly find the most success.

Have a Good Team

Without question, one of the most important areas of business is to have a good team and one at which you can rely on. A good team works together cohesively, under pressure and have the ability to forge ahead no matter what comes their way. In the process, a family is created amongst business partners and employees and in time with that type of camaraderie, the sky’s the limit.

So, hopefully, know you have a better idea of how to be a trendsetters in business and can apply it to whatever business goals that you have. These are the characteristics and traits of good business, and when you know them, your business will thank you.