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September 2024

Finance

How do you digital nomads maintain a work-life balance while travelling?

Digital nomads are remote workers who live nomadically, often travelling to different countries and working from co-working spaces, cafes, or even their laptops on a beach. This lifestyle has several benefits, including the ability to work remotely. It allows them to live a life aligned with their interests and values and escape the confines of a traditional office job. Digital nomads must navigate time zone differences, unstable internet connections, and the constant temptation to explore their surroundings instead of sitting down to work.

Importance of work-life balance for digital nomads

Digital nomads often face unique stressors, such as visa requirements, language barriers, and the constant need to adapt to new environments. Without proper boundaries and self-care practices, the digital nomad lifestyle leads to burnout, isolation, and a sense of continuous busyness that detracts from the joy of travel. A healthy work-life balance allows digital nomads to survive and thrive in their unique lifestyle. It enables them to show up as their best selves, professionally and personally, and embrace the opportunities their nomadic life affords them entirely.

Now that we understand the importance of work-life balance for digital nomads, let’s explore some practical strategies that they use to stay balanced while on the move:

Set clear boundaries

Digital nomads need to be intentional about when they work, explore, or relax. This might involve setting specific work hours and sticking to them, turning off notifications outside those hours, and communicating these boundaries to clients, colleagues, friends, and family. For example, a digital nomad might decide to work from 9 am to 5 pm Monday to Friday, and during those hours, they will be entirely focused on work. Outside those hours, they explore their surroundings, socialise, or relax. Communicating these boundaries to others helps manage expectations and ensures the digital nomad can fully disconnect when their work day is done.

Create a routine

Routines are essential for everyone, but they are incredibly grounding for digital nomads constantly moving and experiencing new places. Creating a daily routine provides structure and a sense of familiarity, even when the surroundings are unfamiliar. A morning routine might involve waking up early, meditating or journaling, exercising, and starting work. As a digital nomad, it is essential to maintain a consistent bedtime routine to stay productive and relaxed.

Embrace time blocking

Time blocking is a highly effective technique many digital nomads use to maximise their time and ensure a healthy work-life balance. This involves dividing your day into blocks of time and assigning specific tasks or activities to each block. For example, a digital nomad might block off 9 am to 11 am for deep work on a project, 11 am to noon for responding to emails, and then noon to 1 pm for a lunch break and a quick walk to explore the local area. Digital nomads can stay on track professionally and personally by allocating specific time slots to various tasks and activities.

Be mindful of time zones

The unique challenge digital nomads face is navigating time zone differences, especially when working with clients or colleagues in other parts of the world. Being mindful of time zones is crucial for maintaining work-life balance, as it helps digital nomads avoid early morning or late-night calls that disrupt their routine. Digital nomads use time zone converters and schedule meetings during overlapping hours to ensure they respect their time and that of their colleagues. This also helps them maintain a consistent work schedule and set clear boundaries.

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Loan

What Is the Process of a Business Loan Application?

In today’s fast-paced business environment, securing a business loan has become easier with the advent of online applications. Entrepreneurs and small business owners can now access instant business loans, often without needing to visit a bank physically. The process is streamlined and tailored to cater to the needs of India’s growing economy. Whether you’re looking to expand operations or manage cash flow, understanding the loan application process can help you access the right financing at the right time.

1. Identify Your Loan Requirements

Before starting your application, the first and most crucial step is to identify your financial needs. Different businesses require funding for varied purposes – expanding operations, purchasing new equipment, or boosting working capital. Clearly outlining your business loan’s purpose will allow you to determine the type of loan product that suits your needs best.

There are several types of business loans available in India, including term loans, working capital loans, machinery loans, and invoice financing. Each comes with distinct features, such as interest rates, loan tenure, and collateral requirements. Therefore, understanding your needs ensures you apply for the right loan, reducing the chances of rejection.

2. Research the Best Loan Providers

Once you’ve determined your loan requirements, the next step is researching lenders. There are numerous banks, NBFCs (Non-Banking Financial Companies), and fintech companies offering online business loans. Thanks to digital platforms, businesses now have a broad range of options. Comparing interest rates, loan terms, and eligibility criteria across multiple lenders can help you find the best deal.

For example, many lenders now offer instant business loans that are approved within hours of applying, making it easier to get quick access to capital. These instant loans often come with minimal documentation and a faster approval process, making them ideal for businesses seeking urgent financing.

3. Check Eligibility Criteria

Before applying, it’s essential to check the eligibility criteria for your desired loan. While requirements may vary depending on the lender, common eligibility criteria for business loans in India typically include:

  • The age of the applicant (generally between 21-65 years).
  • Minimum annual business turnover.
  • A specific number of years of business operations (typically 2-3 years).
  • A satisfactory credit score (often above 650).
  • A consistent source of revenue.

Some lenders might also require collateral, while others offer unsecured loans where no security is needed. Ensuring that you meet the eligibility requirements before applying saves time and boosts your chances of approval.

4. Gather Necessary Documentation

Documentation is a critical part of any loan application process. Even when applying for an online business loan, you need to submit certain documents for verification. The exact documentation requirements can vary based on the lender and the type of loan, but here are some common documents you may need:

  • KYC documents (Aadhar Card, PAN Card, passport, etc.)
  • Business registration proof (GST registration, Udyam registration certificate, etc.)
  • Bank statements (for the last 6-12 months)
  • ITR (Income Tax Returns) (for the last 2-3 years)
  • Business financial statements (balance sheet, profit & loss statement)

In some cases, instant business loans may have relaxed documentation requirements, making it quicker and easier to apply. However, being prepared with these documents ensures a smooth application process.

5. Submit an Online Application

Most lenders today offer an online platform for business loan applications. These platforms are designed to make the process as convenient as possible. To apply, follow these steps:

  1. Visit the lender’s website or mobile app: Navigate to the business loan section.
  2. Fill in the required details: This includes your personal and business information, loan amount, tenure, and purpose.
  3. Upload documents: You will need to submit your KYC documents, business registration proof, bank statements, etc.
  4. Review the application: Double-check all information before submitting to avoid errors that could delay approval.

With online portals, the process is quick, and many lenders offer instant approval for eligible applicants. You can track your application status online and receive updates throughout the process.

6. Approval and Loan Disbursement

Once you’ve submitted your online business loan application, the lender will review it. If you meet the eligibility criteria and all documents are in order, you can expect to receive approval in a relatively short time. Many online lenders provide instant business loans, with approval notifications sent within minutes or hours of application.

Upon approval, the funds are typically disbursed into your business bank account within a few working days. In the case of an instant business loan, this time frame can be even shorter, sometimes as fast as 24 hours. However, the loan amount and tenure offered may depend on the financial health of your business, credit score, and the lender’s assessment.

7. Repayment Process

The final step of the business loan application process involves repayment. Most business loans come with flexible repayment terms that allow you to pay off the loan in equated monthly instalments (EMIs) over the loan tenure. The lender will deduct the EMI amount from your business bank account at a pre-determined date every month.

It’s essential to ensure you manage your cash flow well to avoid missing any payments, as this can negatively impact your credit score and lead to penalties. Some lenders may offer the option to prepay the loan without any prepayment penalties, but always check with your lender regarding their specific terms.

Conclusion

The process of applying for a business loan has evolved significantly, with online applications and instant business loans providing convenience and speed. By identifying your financial needs, researching the right lenders, ensuring eligibility, and gathering all necessary documentation, you can secure the funding you need to grow your business. With a thorough understanding of the process and proper financial planning, business loans can be a valuable tool to help Indian entrepreneurs scale their operations, manage cash flow, and achieve their goals.

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Finance

Jaimie Lowe: Navigating Financial Excellence in the Global Consumer Brands Ecosystem

In the dynamic realm of international consumer brands, financial acumen serves as the compass guiding companies through turbulent market waters. At the forefront of this critical field stands Jaimie Lowe, an accomplished executive whose career exemplifies the fusion of fiscal expertise and visionary leadership in global business.

A series of influential roles at world-renowned corporations mark Lowe’s professional journey. Her tenure at Unilever saw her ascend through the ranks, ultimately assuming the position of Chief Financial Officer for the Beauty & Personal Care Channel. As Global Controller, she orchestrated industry-acclaimed growth initiatives and cost-saving programs, leaving an indelible mark on the company’s financial landscape.

At Danone, Lowe further honed her reputation as a vanguard of financial innovation. Serving as Chief Financial Officer for global digital finance, business intelligence, data, and technology, she charted the company’s course through the digital frontier, fostering a culture of technological embracement. Her oversight of global cycles, procurement, and sustainability showcased her ability to harmonize fiscal objectives with ecological stewardship.

Lowe holds the pivotal position of Senior Vice President at Tyson Foods, where she wields her expertise across four critical domains: Corporate Financial Planning and Analysis, Treasury, Investor Relations, and Risk Management. In this multifaceted role, she provides the analytical foundation that underpins the company’s strategic decision-making processes, ensuring Tyson Foods maintains its competitive edge in the global marketplace.

Lowe’s unique blend of financial acumen, technological insight, and international perspective sets her apart. A native of Australia, she has traversed the globe, living and working in Europe, the USA, and Asia. This global exposure has cultivated a worldview that proves invaluable in navigating the complexities of diverse markets. Her linguistic prowess—fluent in English and Chinese, with a working knowledge of French—facilitates seamless communication across cultural boundaries.

Lowe’s academic credentials underscore her commitment to excellence. She holds a Bachelor of Business focusing on Accountancy and an MBA from Queensland University of Technology, complemented by her status as a Certified Practicing Accountant. This robust educational foundation, coupled with her extensive professional experience, equips her to tackle the most intricate financial challenges facing global enterprises today.

Lowe has consistently championed a forward-thinking approach to financial management throughout her career. She advocates for data-driven strategies and cutting-edge technologies to enhance operational efficiency and drive growth. Her tenure at Danone, where she played a pivotal role in advancing the company’s digital transformation, is a testament to her innovative mindset.

Beyond her technical proficiency, Lowe is recognized for her unwavering commitment to creating shared value. She consistently seeks opportunities to align business objectives with broader societal benefits, embodying the principles of sustainable and inclusive business practices. This philosophy is evident in her work on sustainable sourcing initiatives and her efforts to develop growth-oriented financial instruments that support strategic expansion while considering environmental and social impacts.

Lowe’s influence extends beyond the boardroom. Since 2017, she has dedicated herself to mentoring and coaching, sharing her knowledge to nurture the next generation of business leaders. Her involvement in initiatives such as financial literacy and social self-esteem coaching for young women underscores her dedication to fostering inclusive economic growth.

As the global business landscape continues to evolve rapidly, leaders like Jaimie Lowe play an increasingly critical role in shaping the future of consumer brands. Her ability to balance financial prudence with innovation, coupled with a genuine commitment to sustainability and inclusivity, sets a new benchmark for leadership in the industry.

Lowe’s journey from Australia to the upper echelons of multinational corporations inspires aspiring business leaders worldwide. Her success story underscores the importance of adaptability, continuous learning, and a global perspective in today’s interconnected business environment.

As she continues to make her mark in finance and consumer goods, Jaimie Lowe stands as a beacon of visionary leadership. Her approach to financial wellness and shared value creation drives business success and contributes to building a more sustainable and equitable global economy. In an era where financial stewardship must be balanced with social responsibility, Lowe’s career serves as a roadmap for the future of corporate leadership, illuminating the path toward a more prosperous and inclusive business world.

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Investment

Investing 101: Why should you invest in Bajaj Housing Finance IPO

Are you an investor? If so, then we have some exciting news for you! The Bajaj Housing Finance IPO is already on its way to reach you. It is all set to be announced in the early weeks of September. Adding yet another gold feather to the crown, the Bajaj Group is all set to present to you, the Bajaj Housing Finance IPO, with a landmark offering of Rs. 7000 Crore, including both new shares and the group’s share sale. This landmark price will be used to meet the regulatory and business needs.

Brace yourselves as we are about to unveil this golden opportunity for you!

Keep reading for more insights on the starting and closing dates, why should invest and other key insights!

  1. Key Insights of the Bajaj Housing Finance IPO
  • Claiming its NHB (National Housing Bank) registration in 2015, the Bajaj Housing Finance is a non-deposit-taking HFC. It is a part of the Bajaj group that was formed in 2008.
  • It is a limited-time deal, opening on 9th September 2024 and closing on 11th September 2024.
  • The allotment of the same is to be finalized on 12th September 2024 and will go public on the tentative listing date- 16th September 2024.
  • The objectives of the IPO include augmenting the capital base to meet future business requirements and also for the general purposes of the corporation.
  1. Why should you invest in the Bajaj Housing Finance IPO?

The main reason why is its strengths, which include the following.

  • Especially in terms of AUM growth and profitability, the Bajaj Housing Finance Limited has established itself as one of the leading HFCs in India
  • It offers a wide and comprehensive range of mortgage lending products. This enables the target of different and diverse customers.
  • Another reason you should invest in Bajaj Housing Finance is its strong financial metrics. This includes a high return on assets as well as equity. Alongside this, it has the lowest GNPA and NNPA ratios compared to other HFCs.
  • Also, being a part of the Bajaj Group, Bajaj Housing Finance IPO’s popularity is the result of the brand’s trust and reputation
  • Lastly, the rapid growth of Bajaj Housing Finance, calls for another reason to invest in it. This growth is supported by its high CAGR (Compound Annual Growth Rate) in AUM.

Note: Please note that the sole aim of this article is educational purposes. Hence, everything constituted here stands as references and since the content is derived from various sources, it is subject to change. Understand the importance of seeking professional consultations before making any decisions. Invest in your own risk!

Conclusion

To add, investors who have applied for the same can check the allotment status through your 5paisa account. Through 5paisa, this is made even easier. Below are the steps specially curated for an easy ipo subscription status.

  1. Create a UPI ID
  2. Apply for IPO Online using the 5paisa app
  3. Authorise the UPI to block payment

So why wait? Begin your IPO investment through 5paisa!

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