If there is one thing the year 2020 taught us as a global pandemic and subsequent presidential election influenced virtually every facet of our lives, is to reexamine what we deem to be “a sure thing.” History is no predictor of the future, and longevity is a result of managing our response to circumstances that are both in, and outside of, our control.
The call to diversify your business is an alluring one. By having services that span a wide spectrum, you not only increase the number of revenue sources feeding into your company, but you protect it from a catastrophic downturn should a crisis affect your sole market.
I’ve worked in the tech industry for a while, and like everybody else armed with at least a passing working knowledge of web design, a dream of gainful self-employment, and well-saturated by a few ounces of pure, distilled gumption, I’ve wanted to start my own web-based company. The dream itself is simple enough—to be a self-employed, web-based provider of services and administration protocols for much bigger companies.
A personal loan is one of the best options if you are looking for a collateral-free loan. It can be used for any purpose as there is no end restriction on the usage of funds. Many take the loan for emergency expenses. An alternative to this loan is a small cash loan, which is a short-term borrowing of tenure 1 month to 6 months.
In this type of borrowing, you can take between Rs. 10,000 and Rs. 50,000. A traditional personal loan on the other hand is a longer tenure borrowing between 1 year to 2 years or maximum 5 years. The borrowing amount starts at Rs. 1 lakh.