The document is a chapter from a corporate finance textbook. It introduces topics that will be covered in the chapter such as the corporation, the financial manager, and investment and financing decisions. It describes the roles and responsibilities of financial managers, which include making capital budgeting and financing decisions. It also discusses what a corporation is, different types of business organizations, and various careers in finance.
LG1 Define finance and the managerial finance function.
LG2 Describe the legal forms of business organization.
LG3 Describe the goal of the firm, and explain why maximizing the value of the firm is an appropriate goal for a business.
3.3. Startups in Ethiopia
Ethiopia does not have a sufficient financing system for entrepreneurs, but in the past ten years, many young people have become more inclined to start their own ventures. It has been ensured that startups are asset-light and solve an end-user pain point, making them attractive to the investing community, but there is still a perception challenge with creditworthiness. Proponents of start-up business models argue that traditional parameters to gauge a business include visibility of revenues, profitability, and gross margins, a lack of understanding of a business model, and time to reap desired results. Losses of start-ups founded on viable ideas are largely due to a lack of sufficient marketing, employee expenses, and expenses related to technology, and are largely funded by equity. Financing is required for growth. Banks and other funding entities stay away from funding start-ups due to a lack of understanding and risk aversion.
Ethiopia's startup ecosystem is ranked 105th globally, with Addis Ababa being the highest-ranked city. The StartupBlink Global Startup Ecosystem Map shows 12 fintech companies, 11 software and data startups, and 7 foodtech businesses. In 2020, Ethiopian startups raised USD 2.25 million in announced investment, up from USD 0.65 million in 2019. The figure excludes grants, prize money, and non-equity assistance, according to the Baobab Network, a technology accelerator built for Africa. For comparison, financial technology firms raised more than USD 8 million in 2021. On the other hand, Disrupt Africa’s African Tech Startup Funding Report 2020 announced that Addis Ababa is the only Ethiopian city among the top 500 and in the global top 1000 startup-friendly cities.
Despite a series of reforms to startup businesses in Ethiopia, bureaucratic challenges regarding the various types of permits, registrations, and licenses required to do business in Ethiopia remain unresolved or even it is getting worse. These include obtaining investment licenses, business licenses, and tax registrations.
Recently, Ethiopia's Ministry of Innovation and Technology and Job Creation Commission jointly produced a statement to address the challenges faced by startups. According to those statements, a draft proclamation has been developed, and a National Startup Council and an Innovation Fund are intended to be established by Ethiopia's Startup Act. If approved by the council of ministers, this will ease the launch, expansion, and scaling of startups. According to the preamble of the draft proclamation, it is made with the view that it is necessary:
• To create an innovative ecosystem in Ethiopia which is able to effectively and efficiently promote innovation and job creation;
• To remove barriers to entrepreneurship by easing the for establishing, running, expanding, and closing a business; and
• To encourage and support entrepreneurs who establish startup to launch businesses which that create job opportunities, and i
LG1 Define finance and the managerial finance function.
LG2 Describe the legal forms of business organization.
LG3 Describe the goal of the firm, and explain why maximizing the value of the firm is an appropriate goal for a business.
3.3. Startups in Ethiopia
Ethiopia does not have a sufficient financing system for entrepreneurs, but in the past ten years, many young people have become more inclined to start their own ventures. It has been ensured that startups are asset-light and solve an end-user pain point, making them attractive to the investing community, but there is still a perception challenge with creditworthiness. Proponents of start-up business models argue that traditional parameters to gauge a business include visibility of revenues, profitability, and gross margins, a lack of understanding of a business model, and time to reap desired results. Losses of start-ups founded on viable ideas are largely due to a lack of sufficient marketing, employee expenses, and expenses related to technology, and are largely funded by equity. Financing is required for growth. Banks and other funding entities stay away from funding start-ups due to a lack of understanding and risk aversion.
Ethiopia's startup ecosystem is ranked 105th globally, with Addis Ababa being the highest-ranked city. The StartupBlink Global Startup Ecosystem Map shows 12 fintech companies, 11 software and data startups, and 7 foodtech businesses. In 2020, Ethiopian startups raised USD 2.25 million in announced investment, up from USD 0.65 million in 2019. The figure excludes grants, prize money, and non-equity assistance, according to the Baobab Network, a technology accelerator built for Africa. For comparison, financial technology firms raised more than USD 8 million in 2021. On the other hand, Disrupt Africa’s African Tech Startup Funding Report 2020 announced that Addis Ababa is the only Ethiopian city among the top 500 and in the global top 1000 startup-friendly cities.
Despite a series of reforms to startup businesses in Ethiopia, bureaucratic challenges regarding the various types of permits, registrations, and licenses required to do business in Ethiopia remain unresolved or even it is getting worse. These include obtaining investment licenses, business licenses, and tax registrations.
Recently, Ethiopia's Ministry of Innovation and Technology and Job Creation Commission jointly produced a statement to address the challenges faced by startups. According to those statements, a draft proclamation has been developed, and a National Startup Council and an Innovation Fund are intended to be established by Ethiopia's Startup Act. If approved by the council of ministers, this will ease the launch, expansion, and scaling of startups. According to the preamble of the draft proclamation, it is made with the view that it is necessary:
• To create an innovative ecosystem in Ethiopia which is able to effectively and efficiently promote innovation and job creation;
• To remove barriers to entrepreneurship by easing the for establishing, running, expanding, and closing a business; and
• To encourage and support entrepreneurs who establish startup to launch businesses which that create job opportunities, and i
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.