As per various report, the U.S. government is closely tracking on an emergency patch released by Microsoft Corporation, post an alleged hacking group breached in company’s mail server software, which created a tension in the biggest software making industry
“We are closely tracking Microsoft’s emergency patch for previously unknown vulnerabilities in Exchange Server software and reports of potential compromises of U.S. think tanks and defense industrial base entities,” National security adviser, Jake Sullivan tweeted.
This news broke out with Jake’s tweet on Twitter raising a concern of the national as well as international data breaching theft. “We encourage network owners to patch ASAP,” Jake added. The tweet was also attached with a link including Microsoft’s notice of the security update.
The reports also suggested that ever since the SolarWinds Corp—a Texas-based software firm—was hacked, Microsoft’s almost ubiquitous suite of software is under the radar. This Texas-based software firm served as a springboard for various intrusions across sectors. The hackers mainly took advantage of diversification set by customers’ Microsoft services to segregate their objectives by finding the affected networks. Similar hackers who attacked SolarWinds also attacked Microsoft, mostly accessing and downloading source code. The affected aspects were calendaring products, emails, as well as Exchange.
This American multinational computer corporation, Microsoft established in 1975 by Harvard College dropouts Bill Gates and Paul Allen. Currently, it has become the largest software company and also one of the most valuable organization in the world. The company invests the developing and supporting various list of software services and products which caters to different needs of users. There was witnessed some downfall in the year 2000, but later it retained its top stature in both personal computing and other businesses. Microsoft made a fortune in directly dealing with the consumers as the operating system was heavily used by numerous people including new generations.
The year 2021 is to be considered as the year of Automation, here’s why. The COVID-19 pandemic leads to nation-wide lockdowns in almost every affected country making employees work from home. And this ‘work from home’ model is being accepted by every industry out there. But not all enterprises can experience such a boon as many are subjected to manufacturing and supply chain industry. Thus, various industries are comprehending the importance of implementation of new advancements for businesses to function efficiently. These technologies have had been utilized by many enterprises as it promises a secure business structure and help in cost-cutting without disrupting the production or efficiency.
Currently, numerous organizations are harnessing Automation to robustly refine the customer experience, whilst its digital benefits can be useful in other services through optimization. More than competition, the company is always more concerned about adjusting their market dynamics as per the customers’ expectations are need. Through automation, every enterprise can make up their losses and gain more growth if taken transition to automation as early as possible. As per the World Economic Forum, almost more than 80 percent of C-level executives are planning to digitize their organizational processes and deploy new advancements. Meanwhile, other substantial working executives plan to integrate some new process which goes handily with the automation in their factories. Meanwhile, it is also been said that automation can be seen in various others sectors such as cybersecurity and even retail.
Artificial Intelligence (AI), you might have come across this concept many times, then should understand that many industries are trying to implement in their process as it’s the future. Once said “Internet is the new big thing” for Internet by Microsoft Founder Bill Gates, we can say that Artificial Intelligence is the new big thing. AI gives system the power to make decisions as per the situations without any manual interference, resulting in the eradication of human error. Along with this there are also various leading technologies such as Machine Learning (ML), cloud services, IoT are accelerating automation such as robotics to Virtual Reality (VR) and Augmented Reality (AR) for businesses in such industries. Thus industries like automobile, healthcare, aerospace, as well as in financial services are harnessing this automation for greater stature in the future.
Like discussed earlier, these technologies helps an organization to be more decisive and virtually helps the processes such as customer experiences. Be it end-user, middlemen, along the supply chain or even retailer, many well-developed organizations are investing in infrastructures to be a cloud-based model, as it helps in managing the data and also can be compatible with the new plausible operations.
Let us first understand the significance of cloud-based infrastructure in an organization. Data is one of the core aspect of any business, and its maintenance should not be neglected. Being the critical need, data provides a base foundation for every digital services, including AI and deep neutral networks, machine learning and more. These data-driven digital services holds algorithmic-based operations. Therefore, various companies and organizations are taking help of new technologies for their data storages, as computing cannot keep up with continuous increase of information or data. This leads the data piling up in the storages asking for more compound solutions, making it difficult for any enterprise to move from traditional to fully relying on the innovations and news solutions.
Thus many industries are partnering with various cloud-based platforms which have reliable cloud architecture. This cloud technology platforms are leveraging these industrial manufacturers to be more innovation-driven to a better growth.
This new wave of technology has taken over the interest of manufacturers that will apparently disrupt the way of traditional businesses. Such a change has occurred by bringing virtually data in reality. Automation and Virtual technologies are significantly playing a major role in the on-going digital transformation. Implementing cloud-based technology is best way to rocket boost any business to an uplifted stature. The organizations that are and will be taking initiatives to harness these sort of technologies are the one that will disrupt the traditional methods and create a new growth without hampering the innovation spectrum. The business world is continuously growing and so must one. Adapting and implementing new technologies and methods such as automation has always proven to be good.
Before indulging our brains in the vast world of Bitcoin, let us first understand blockchain technology. For start, ‘the blockchain’ does seem to be complicated and difficult to comprehend, but its core concept stands on basic grounds of understanding. It’s a database type, which stores data in its big piles of information electronically on a computer system. Unlike other typical databases, blockchain is similar to the way the data is structured and stored. It basically collects information in groups which is apparently also known as blocks, which holds information in it. It’s similar to the quanta but without quantum physics. These blocks are connected to each other, as one block gets filled with the data, it further data starts to get storing in another block. As it is connected in a chain, hence the name ‘blockchain’. Based on this technology is one of the popular cryptocurrency Bitcoin.
Currently, Bitcoin as we can say is officially sailing in the uncharted oceans. Before COVID-19 pandemic with a known value of USD 4,000 which later skyrocketed to almost 900 per cent growth and that is a huge rise. This has been witnessed by many observers, which is not just restricted to certain investors and financial advisors but also the vast number of individuals with the internet at their grasp. A 900 per cent rise seems quite impossible to believe in such a little time but it all depends on how a currency is valued. The value of any currency depends on the beliefs of people, if people think and believes that something, anything, is precious and worth exchanging the value of that ‘thing’ increases. Later, other parameters like availability arrive and draws the picture of inflation giving it a numerical value as per the nation’s trading norms. Similarly, Bitcoin has experienced a sudden rise in its worth, as people have started to believe more in its potential and direct transaction methods i.e. without a middle entity. An interesting fact about Bitcoin, there are just 21 million of them.
In 2017, Bitcoin first raised to USD 20,000 and it secured everyone’s interest in its favor. And by the year 2018, it broke the most searched word of the Google search engine. These searches were mostly the resulted due to people’s curiosity and flow of interests in this digital currency. Though, the Bitcoin has taken quite upward stepping making it more valuable. Since, the fall of 2020, the Bitcoin market value is forecasted to be increased more in the coming time. The reports suggested that new Bitcoin wallets are being created every day with a purpose of trading. Nowadays, Bitcoin has heavily being appreciated by various companies for their future transaction, as it seems reliable. Whereas, it is also been treated as a best way of an investment opportunity. Bitcoin have started a digital transformation, slowly but effectively, but none knows to what extent. Though its main purpose of being peer-to-peer electronic cash is getting served, it may also lead to a decentralization of global currency system. Thus, it is banned in many countries.
Ever since, Paypal has featured Ethereal, Bitcoin Cash, Litecoin and Bitcoin making it easier for people to own and buy Bitcoins. Account holders can hold, sell and buy above digital currencies. The company is also planning on using similar platform Venmo. Moreover, ever since the Elon Musk invested a billion in Bitcoin, it has attracted many young investor and next gen tech savvys out there.
As like every other system, Bitcoin also gives a room for a doubt. The risk factor stays as no previous similar system has been used or tried, so there is chance that Bitcoin might turn out to be bubble. But, as there is fear of emergency expenditure utilized by central bank might lead to hyperinflation, the Bitcoin is resulted as the best source to store assets. Yet, as per various reports it can be only used for portfolio diversification, as its correlation with other assets such as cash, bonds, share is quite low.
The world is changing and so should we, but must never neglect the voids that any new technology or ideology possess, as it might or can turned out to be threat. Currently, the Bitcoin’s age is blooming, let us see whether the future holds the same grounds for the digital currency or not.
Germany based TeamViewer a remote connectivity software organization is reported to have acquired a United States based company—Upskill, which hold specialization in augmented reality applications for front-line workers.
This deal makes the third acquisition for Chief Executive Officer, Oliver Steil ever since TeamViewer which is currently headquartered in Goeppingen which was backed by private equity Permira, though the terms for the transaction were never disclosed.
Various reports suggested that in an interview Steil state that the acquisition will help TeamViewer to strengthen its position in the United States which is largest markets as per billings. Although he still held stronghold in the markets in depth deals which would help in expansion the range of products.
“We are interested in complementary teams with complementary capabilities,” Steil expressed. The company, TeamViewer has raised almost USD 360 million i.e. 300 million euro loan, which has strong cash flow that can utilized for the better work, he continued. Moreover, he flagged his gained interest in expansion of the augmented reality, IoT and smart devices when TeamViewer filed its annual reports in the February, 2021, and addressed the possibility of their business growth to its third in the year 2021.
This acquisition of Upskill and TeamViewer, will help TeamViewer with the ability to support personnel using mobile devices and smart glasses for better factory equipment, along with the client’s list which includes Boeing and Merck KGaA. Upskill was founded in the 2010, which is privately held company and has raised around USD 53 million through fund backings, as per various reports.
TeamViewer was launched in the year 2005, on an ideology on focusing on the cloud-based technologies in order to enable remote support online and collaborating across the globe. The company understands that in order to thrive in the upcoming years, business might need remote desktop support remote access, and online platform to connect with the world. The company believes that the application should be a catalyst to promote and enhance individual’s ideas to overcome the challenges. Currently, many people are collectively using TeamViewer technology which has resulted to be in billions all around the world and in future will do so.
“Our existing customers will benefit from an accelerated product development roadmap, global reach, and additional solutions and features within the TeamViewer portfolio,” stated Brain Ballard the CEO of Brian Ballard.
Ever since the Fourth Industrial Revolution came into the picture, the businesses have taken off to unimaginable statures. Though the world has to face the unfortunate situations amid COVID-19 pandemic, yet the businesses have rocket-boosted. Many instances such as Apple crossing 1 trillion USD mark, Jeff Bezos crossing the 100 billion USD range and the Elon Musk becoming richest man in the world even for the short period. This article is not about the businesses, but about the business tycoons who made this revolution possible. Here are the top 10 business tycoons to follow:
Jeff Bezos
Net Worth-USD 193.4 billion
Founder of the biggest e-commerce company—Amazon, and Chief Executive Officer of the same Jeff Bezos has total assets are estimated to be USD 193.4 billion. He is the most influential entity in the business world. Though his separation with his companion in the year 2019 has taken away the one fourth of his Amazon stakes to her. He started the company in the 1994 and since then his journey has been exceptional and inspiring for many budding entrepreneurs and business individuals. This pandemic may brought many heckles to various businesses but it has brought blooms to Amazon, as numerous consumers shopped on the online.
Elon Musk
Net Worth- USD 171.6 billion
This multi-billionaire entrepreneur cum investor, Elon Musk is on the verge to make a dent in the universe by its exceptional projects. His focus is to create a transformation in the transportation both on Earth and space. He founded SpaceX with an aim to colonize Mars, and stretching the limits of human race. This rocket organization is projected to be worth around USD 100 billion. Whereas, his baby project Tesla electric cars has become one of the largest automation company with market capitalization of USD 342 billion.
In the month of January, 2021, he became the richest man in the world taking over Jeff Bezos, but soon, due to loss in Tesla shares recently he fell to second rank.
Bernard Arnault & Family
Net Worth—USD 155.1 billion
Bernard Arnault, the Chief Executive Officer and Chairman of LVMH—France stands third with the estimated net worth of USD 155.1 billion; which extends his total assets dividing in various domain which includes total 70 brands especially Louis Vuitton and Sephora. With less media appearances, Bernard has acquired around USD 100 billion in the year 2020.
Bill Gates
Net Worth– USD 123.2 billion
“Internet is the new big things.” With quoting such a statement Bill Gates did predicted the tech future. He stayed one of the richest person in the world for almost a decade straight. Currently, with an estimated amount of USD 123.2 billion, Bill ranks number fourth in the world. His Bill and Melinda Gates Foundation is one of the world’s biggest private helping hand foundation. With his partner Paul Allen, Bill Gates started the biggest software company, Microsoft, which earned exceptional success, one can ever desire for. He also held shares in Apple Inc.
Mark Zuckerberg
Net Worth– USD 98.5 billion
With an estimation of USD 98.5 billion, Mark Zuckerberg, the Chief Executive Officer and director of Facebook ranks number fifth in the race of richest business tycoons in the world. He possess 15 percent stakes in the company Facebook. He is the youngest in this list of richest business tycoons. With keen acquiring strategy, Mark acquired two most successful social media company in the last decade that are Whatsapp and Instagram. These two apps have helped the Facebook in achieving various recognition and benefits for the company. His creation Facebook helped robustly in bringing people together transforming the definition of being social.
Zhong Shanshan
Net Worth—USD 94.8 billion
Being the richest person in the China, Zhong Shanshan estimated to be worth of USD 94.8 billion making him sixth richest business tycoon in the world. He is the Chairman of a pharmaceutical company, Wantai. Moreover, prior to creating his own business Nongfu Spring, he took various jobs like development laborer as well as journalist.
Warren Buffet
Net Worth – USD 92.4 billion
Warren Buffet, one of the most respectable entity in the share market, also known as the Oracle of Omaha. His net worth is estimated to be USD 92.4 billion making him seventh richest person in the world. Warren owns Berkshire Hathaway which includes around 60 organizations. He purchased his first stock at 11 years old, and today he ranks between top 10 richest business tycoons across world.
Larry Page
Net Worth – USD 91.6 billion
Larry Page one of the benefactor of Google, is estimated to have net worth USD 91.6 billion, making him eighth richest person and securing a place in the top 10 business tycoons across world. He has invested in many organizations such as Planetary Resources—a space investigation organization, as well as in new businesses Kitty Hawk and Opener, and many more.
Sergey Brin
Net Worth – USD 88.8 billion
Being a crucial part of Alphabet and board of the committee, Sergey Brin is estimated to have net worth of USD 88.8 billion making him one of the top 10 business tycoons across the globe. Along with Larry Page, in 1998, Sergey started Google which is the biggest search engine out there. The company later on became a part of Alphabet in the year 2015.
Larry Ellison
Net Worth – USD 86.6 billion
Larry Ellison made a fortune from the company Oracle, which he with other colleague started in the year 1977. His net worth stands to be USD 86.6 billion which makes in this list of exceptional business tycoons. In the year 2014, he left the position as the Chief Executive Officer of Oracle. Whereas, he works as a Director of the board in the same company. He also holds a position as the leading member of Tesla, whose stocks are continuously rising with some backlashes.
Various reports have suggested that the Coinbase Global Inc., the cryptocurrency trading platform the awaited public offerings post filing paperwork with the Securities and Exchange Commission in the month of February.
Coinbase, in order to go public is aiming to employee nontraditional direct listing, and one such listing would be Nasdaq Inc. in exchange under the symbol “COIN”. This type of direct listing clearly indicates that, Coinbase will not be raising any new monetary assets which was unlikely carried out by Palantir Technologies, Spotify Technologies, Slack Technologies in these passed years. Below are the details one might seek of Coinbase in its public offerings:
The company was co-founded in the year 2012 by Brain Armstrong, who also plays the role of Chief Executive Officer, with Fred Ehrsam, the director of Coinbase. As per various reports, Armstrong’s networth is currently $6.5 billion which is directly based on his owning in the Coinbase, and if the above mentioned direct listing goes off successfully then the net worth will tend to increase. The company is starting with the rapidly growing and which is currently number one in the market i.e. bitcoin. Whereas, bitcoin has acquired attention of many as it has broken its own records many times and touched its peak above USD 58,000 which has resulted in driving the gains through exchanges. It has hit the market value of USD 1 trillion in the recent time, which almost 70 per cent of the total crypto market whilst there are many other popular cyrptocurrencies out there trading on Coinbase, not excluding ether based on Etherum’s blockchain, Litecoin and Bitcoin Cash created by the individuals known as Satoshi Nakamoto. The reports also states that Andreessen Horowitz, a venture-capital firm which happens to the largest owner of Coinbase elevating for around quarter percent of Class A shares and 14 per cent of Class B, in an addition to Marc Andreessen , the head is on the Coinbase’s board.
Reports also suggests that Coinbase might have risk as like any other company, its biggest risk factor is that it is holding its stakes on unproven assets which is a decade old. Basically the company is attempting to make such cryptocurrencies like Bitcoin and Ethereum and other various alternative crypto coins out there in the market which are already written or are in the process. “There is no assurance that any supported crypto asset will maintain its value or that there will be meaningful levels of trading activities. In the event that the price of crypto assets or the demand for trading crypto assets decline, our business, operating results, and financial condition would be adversely affected. A majority of our net revenue is from transactions in Bitcoin and ethereum. If demand for these crypto assets declines and is not replaced by new demand for crypto assets, our business, operating results, and financial condition could be adversely affected,” writes Coinbase in its S-1 filing.
It has also facing the many backlashes by various nation’s governments which might affect the exchange platform, Coinbase. Another risk for the company would be, as Satoshi Nakamoto has never been identified whether it’s an individual entity or group of people, which might bring heckles in the company’s pathway. The reports also states that Nakamoto has mined up to 1.1 million bitcoin, which is estimated to be valued for USD 46 billion at today’s values; which are left untouched. Currently, one can say that Coinbase the crypto exchange platform ranks 3 among all the largest digital asset exchanges across the globe. Risk-Management by kuv24-manager.de
As per BitInforCharts, there has been a steep rise of bitcoin which has resulted in creating millionaires at fairly rapid clip. Last reports states that bitcoin was trading up by over 6.5% at approximately USD 4,914,123. Even though the asset has fall for about 12% by the week after a high record around USD 58,332.36 in between the weekend, the bitcoin ‘the digital currency’ has ascending the wallets of crypto millionaires.
As per various reports, there are almost 93,862 accounts bitcoin holders which are worth of at least $1 million whereas, around 8,214 which are valued at and more than USD 10 million. In total, these numbers add up to 102,076 bitcoin accounts. Moreover, 422,104 accounts can elevate accounts valued at more than USD 100,000 as per reports. None can redirect the traces back to the crypto asset created in the 2009 are headed, similar to the earlier that occurred in the late 2017 when bitcoin surged to near USD 20,000 which slipped to around USD 3,000 which will take, but bitcoins growth has widely accepted even to the greater institutional ownership.
Moreover, the price of Bitcoin has surpassed USD 50,000 in February, 2021 after Elon Musk the Founder of Tesla announced a USD 1.5 billion bitcoin investment. This high-statured bitcoin was unable find support from the campaign, which has resulted in steep fall below the USD 50,000 mark. Yet, bitcoin’s price has gone up for 70 per cent in the year 2021. As per compared, bitcoin traditional rival assets Gold has fell with negative 5 per cent.
At end of the month of 2021, the bitcoin hit a market capital above USD 1 trillion, this was an exceptional moment with many players dipping their toes into cryptocurrencies, not excluding PayPal Holdings Inc. PYPL, which started up its cryptocurrency platform to United States customers. Moreover, various high-profile Wall Street investors, not excluding the Stanley Druckenmiller have embraced bitcoin.
As per various reports, cryptos requires a steely constitution. In one year, bitcoin has gone through various corrections, which has been decline form the peak of at least 10 per cent but not more than 20 percent, and two bear markets, which mostly defined as falling by 20 per cent as per various reports. Currently, bitcoin and other cryptocurrencies are taken as highly speculative and the assets which can be written as out of picture by stern global regulation. Though the current movement is driving in the favour of bitcoin enthusiasts, but the blockchain technology is reliable and there is quite a high chance of introduction of new cyrptocurrencies in the market.
U GRO Capital, a BSE listed, small business lending fintech platform, announced its Q3 FY21 financial results and posted a PAT of INR 6.3 crores. This has been achieved while maintaining a consistently conservative approach to provisioning, with INR 5.9 crores of provisioning expenses in Q3. Despite the adverse economic and business conditions brought about by COVID-19, U GRO Capital has declared profits in each quarter of FY21.
The key highlights for Q3 FY21:
Loan Portfolio
The Company’s disbursals to date reached INR 2,065 crores at the end of Q3 FY21 despite the on-going COVID-19 related disruptions to business activity, with disbursals in the last quarter at INR 368 Crores
The Company’s monthly disbursal run rate has exceeded pre-COVID levels, with December 2020 disbursals at a record INR 140 crores
The Company’s AUM as of the end of December 31, 2020 stood at INR 1,127 crores across 8,429 live loans. The loan book is 70% secured, the largest sectoral concentration is light engineering (24%) and the largest geographical concentration is Delhi NCR (18%)
Portfolio Proforma GNPA (90+ DPD) and NNPA stand at 2.3% and 1.4% respectively
Liability and Liquidity Position
The Company has raised an incremental INR 178 crores of liability in Q3, for a total of INR 756 crores of sanctioned liability at an on-book blended rate of 10.1%
The Company has 22 active lenders including PSU banks, Private sector banks and other financial Institutions on its borrowing book
The Company has increased the number of lenders on book by 8, including high profile names such as SBI, Bank of Baroda, HDFC Bank, ICICI Bank and Axis Bank
The Company maintains a strong liquidity profile with nearly INR 300 crores of cash and equivalents, and a further INR 194 crores of undrawn debt sanctions
The Company maintains a CRAR of 77.9%, well above industry standards
Financial Performance
The Company has taken a conservative approach to provisioning for loan loss, with a total provision of INR 21.4 crores
The Company’s total income increased to INR 39.1 crores in Q3 FY21, as compared to INR 28.9 crores in Q3 FY20
The Company declared a Q3 FY21 PAT of INR 6.3 crores, as compared to INR 6.9 crores in Q3 FY20
The net worth of the Company stands at INR 950.5 crores as on December 31, 2020
Operational Parameters
The GRO Partner network now stands at 603 partners, a 16.4% increase on Q2FY21
The Company has onboarded 28 ecosystem partners and 35 corporate partners
The Company is introducing sub 15 lac loan, a line of smaller ticket, higher yield and shorter tenor secured products for microenterprises
Technological Innovation
The Company became the first lender to complete UAT testing on the Government’s GeM Sahay platform, which provides access to over 2.4 lakh sole proprietorships that supply a cumulative value of INR 18,935Cr. Platform expected to go live in February 2021 as per Government of India plans
Digital Supply Chain Financing platform GRO-Chain to launch in February 2021
Commenting on the results, Mr. Shachindra Nath, Executive Chairman and Managing Director of U GROCapital stated, “This has been an exciting quarter for us at U GRO Capital, as we have been making a steady progress towards achieving our goal of solving India’s $300B MSME credit gap. We have also made an operational and strategic pivot by introducing our direct distribution product line to serve microenterprises. Propagating financial inclusion is our primary goal, and I am delighted with the successful launch and certainly hope that we can serve the nation’s microenterprises the financing they deserve.
That we have achieved this growth in a time of such market turmoil and maintained profitability for each quarter of FY21 is truly remarkable, and full credit must go to the team for helping bring this vision to life so effectively. With the COVID-19 crisis hopefully coming to a close, the nation’s MSMEs will be hungry to make up for lost time – and they can count on U GRO to stand alongside them.”
About U GRO Capital Ltd.:
U GRO Capital limited is a BSE listed, small business lending fintech platform. The Company is focused on addressing capital needs of small businesses operating in select eight sectors by providing customized loan solutions.
U GRO mission is ‘Solve the Unsolved’ – Small Business Credit Need. U GRO believes that the problem of small businesses can be solved by building deep expertise around core sectors of SMEs in India coupled with a data centric, technology-enabled approach.
The Company has raised ~INR 920 crore of capital from a diversified set of private equity funds like institutional investors and well-known family offices.
U GRO capital has shortlisted the 8 sectors basis an 18-month process involving extensive study of macro and micro economic parameters carried out in conjunction with market experts like CRISIL. The eight sectors shortlisted are Healthcare, Education, Chemicals, Food Processing / FMCG, Hospitality, Electrical Equipment and Components, Auto Components, Light Engineering. The Company additionally lends to microenterprises, which behave as a monolith and act a pseudo ninth sector. The Company strives to build a strong SME financing platform based on sectoral understanding supplemented by a fully integrated technology and analytics platform.
Women have been breaking the glass ceiling in all walks of life, especially the business world. According to research, now women are in charge of four out of 10 businesses in the U.S., and the number of businesses owned by women’s own has gone up by 114 percent in reference to the data acquired twenty years ago. Of course, they are in no mood to slow down and more and more women are going to college and educating themselves, and becoming the prime breadwinner in their respective families.
In spite of all the progress women are making in the right direction, they still struggle in terms of management of cash and especially investing, compared to their counterparts. According to a popular business magazine, women are far behind men when it comes to financial literacy tests and they also tend to invest 40 percent less in comparison with men. Though women are considered great with saving as they save 9 percent of their salary, while on the other hand men save only 8.6 percent. But when women were asked what they would do if they were handed $1,000, and the immediate response was that they were 35 percent less likely to invest the money when compared to men.
Even though women entrepreneurs run business excellently and are great at money-saving. They have a hard time understanding the importance of investing – even at the cost of taking some risks. In order to help women invest more, there are tons of online investing platform made for women, that has taken an initiative to bring the change by providing the required guidance and mentoring needed to handle those risks successfully.
Why investing can be difficult for women entrepreneurs?
Women entrepreneurs have higher chances of gaining more personal and business capital through investing. They can also advance their savings and secure their financial future. For example, if they put their money into a traditional savings account, which will build upon average only about .01 percent to .06 percent a year in interest, whereas, comparing that to the stock market, where one can get historical returns of 10 percent and the window to gain quarterly dividends. So if they are putting $1,000 into a savings account and gaining .05 percent interest, they would be getting $5 in interest over the course of a year. But, if they put it into the stock market, then they can potentially get a 10 percent return, and eventually, they’ll make $100 that year.
But how to actually get started?
Associating with online investing platforms will definitely help in creating and managing their personalized portfolios. The investment algorithm will weigh crucial factors in women’s lives such as career breaks, pay gaps, and longer lifespans, and decide with their financial planners.
Women entrepreneurs might find it intimidating, as they have never bought a stock share but now have a desire to get into bonds and real estate but don’t know-how. But with the help of proper guidance, they can start investing in a diversified portfolio easily and begin to boost their financial future.
When human beings were living in the wild and society had not yet been established, there was a sense of equality between men and women. As societies developed all over the world, the status of women in these societies gradually reduced and women had very little or no power. This reduced their influence and almost made women the weaker citizens or secondary citizens in society as compared to their male counterparts. Systemic sexism, no control over their lives and destiny, physical and mental abuse and a lack of respect for women has been seen all over the world for thousands of years. But over the last few decades, women are finally but gradually getting more empowered and women’s empowerment is beneficial for the women in the society as well as the society in general.
Steps to Empower Women in the 21st Century
The circumstance of one woman is very different from another but women’s empowerment is a global concept and some countries are doing better on this score than others.
Some basic methods and steps are needed in most societies to empower women. Education is the basic step to empower women as an educated woman can earn a living and also know her fundamental rights.
Access to food and clean drinking water is an essential step and in some countries, access to sanitary toilets is also essential.
It is essential to make people understand that young girls have to be treated equally at home and in society. Encouraging them to work towards a fulfilling and achievement- oriented life is important.
Improved access to healthcare, ability to work and earn money, protections from physical and mental abuse at home and in the workplace, and just giving respect to women is important.
The access to police protection and also a just and fair rule of law in society helps in women empowerment. The rights to vote, elimination of practices like child marriage, and better inheritance laws for women are all important steps toward women’s empowerment. In some cases, reservation for women in politics, in employment and education helps in the empowerment of women.
Benefits of Women’s Empowerment
The main benefit of women’s empowerment is the upliftment for women and equality in society all over the world. Women are half of the population on the planet and it is important culturally and economically for women to contribute to society. The steps of women empowerment mentioned above, protect women, give them a sense of equality and achievement and also make them more valuable members of society. Braking through barriers make women more independent and more confident, this makes it beneficial for society. Women are good at making a decision, calmly reacting to situations, solving problems and encouraging women to study or work in non-traditional fields like politics and science is a great idea.
The benefits to women and society of empowering women are limitless. It is a smart choice to make society more just, equal and one that encourages and respects women. It is a gradual process and the world is changing in this aspect one day at a time.
