If you have registered yourself on Numberz or are checking out the way it works, you are most likely a person working around money for your enterprise, and hence, you must have witnessed cash gap yourself or have seen someone you know, go through.
The world revolves around businesses and businesses have money in their core, and hence ‘steps in’ the most dangerous problem of any business, “the CASH-GAP.” Some refer to it as ‘valley of death,’ for businesses, of course.
Having heard the word twice now, what exactly is cash gap?
Well, remember that time when you were waiting for a pending payment from a client, and a new investment requirement slammed itself on you?
That situation of you short on money for putting into the investment requirement is called cash gap.
According to the ‘Gompers and Lerner study,’ this challenge is the cause of 90 percent dying ventures within the first three years of their establishment. Well, don’t be one of them!
Cash Gap Is An International Problem
Most of the countries in the world are either developing or underdeveloped and hence the growth and failure of businesses is highly dependent on the cash flow management.
India And The Culture Of Business
As per stats, businesses and self-employment are the most prominent source of employment growth and contribute a major share to industrial production in India. This leads to even more pressure on the businessmen to maintain themselves and their identity.
Your Objectives And Financial Goals
Normally businesses need to invest in two type of goals, the short-term objectives, and the long-term objectives. Both of these behold equal value and hence the need to struggle in both the arenas steps in. This makes the exertion even harder.
Plan, Monitor, And Control
When it comes to cash management in enterprises, planning is the key. You need to plan by keeping in mind, all the buffers (and problems) that may arise and then monitor accordingly. While monitoring is important, it is also equally significant to control your expenses to expect most out of your investments.
Why Not Banks?
Cash gap and lack of cash management is a huge problem for all the springing enterprises, as huge as it leads to a summation of rupees 2.95 trillion (when cash gap is summed, of course). This gap is ever expanding, the reason being, the businesses especially SMEs are firms with financial requirement quite large for microfinance to be possible, but quite small for being solved by corporate banking models. SMEs are also a little riskier to be invested in when compared with corporations, and hence banking models in India are not very supportive.
How To Be Safe And Productive?
Ploy With Strategy!
Your strategies must include the cash management, liquidity management and lowering the cash gap. For all this to be possible, you need to know your clients and hence their way of working. You also need to have ample buffers, so as to avoid the vicious cycle of debt.
Give Government Methodologies, A Try!
Looking at the huge part of the economy that businesses and organizations like them are supporting, the government is also stepping in to help the growth rate rise. MUDRA is a scheme launched by the government, for funding the SMEs. It is an initiative having the sole intention of upliftment of SMEs and start-ups and hence the economy in general. The government has also launched ‘Make in India’ and ‘Start-up India’ schemes, which might benefit you. Remember that for this source to help you, you’ll need quite a lot of efforts, so prepare yourself before jumping into the realm of government funds!
There is one more way to escape the ‘valley of death’ and reach the heights of your dreams!
We at Numberz, have come up with a way of filling up the cash gap that stays only between you and us! We provide ‘credit line’ to our customers.
Well, you ask, what is ‘credit line’?
It is a pre-approved loan for those businessmen who are in dire need of finances. We provide working capital loans on the basis of your turnover and CIBIL score (or credit score). When you need to apply for a loan or need to cope up with a cash crunch, the maintained credit score (a.k.a CIBIL score) always helps.
How is it useful, or better than other methods?
It is not like this is the best among every possible option but the most feasible and easily accessible one. We understand that your energies must be invested in coming up with dazzling ideas to make your business best and that you must not be itching your head searching for options to get financial support. Hence, the credit line is just a few clicks away from you.
How can you get the credit line?
This is a 4 step process (we are not lying):
Step 1: Share your contact details with us.
Just the basic one, you know, we’ll need to be in touch, to make the process as smooth as possible.
Step 2: Share the most basic data
We’ll need the company details and a few documents for enrolling you up for the credit line. Trust us, they are the most basic ones.
Step 3: Determine your credit line
You get to determine your credit line limit, and we’ll guide you according to your turnover and your documents.
Step 4: We’ll get back to you
Relax. Work. Invest time in meaningful things. We’ve got this covered.
You feel it’s too simple to be possible?
Well, that’s what we’re here for.
With all that being said and your cash gap bridges in place, we always want your best. We’ll be on your side, whenever you need us and your brainchild will prosper like never before. Because, now, you can give it your full attention.
Got any question? We’re here to help. Feel free to reach us!