What is the difference between Private Equity and Venture Capital

Private Equity involves larger investments in the matured companies. While, Venture Capital makes relatively small sized investments in the companies passing through initial stages of their development.
Private Equity fund refers to an
unregistered investment vehicle via which investors combine their money for investment purposes. On the contrary, venture capital financing involves funding to those ventures which are started by new entrepreneurs and who need money to give shape to their ideas.

Starting a Business

There are no limits on who can become a great entrepreneur. You don’t necessarily need a college degree, a bunch of money in the bank or even business experience to start something that could become the next major success. However, what you do need is a strong plan and the drive to see it through.
If you’re on Entrepreneur, odds
are, you already have the drive, but you might not know how to start building your empire.

Entrepreneurship

“Entrepreneurship is not a profession. It is a way of life.” The life of the entrepreneur is one of seeking and seizing opportunity. Entrepreneurs have historically been known as risk takers seeking to make their fortunes. Anyone can call himself an entrepreneur, or start his own business, but success requires knowledge, hard work, and determination and courage.

How to manage a budget during your vacation?

What does summer mean to you? Does it mean time by the pool or maybe spending time with your family at a cookout? For a lot of people, summer is the time to take a vacation. Big or small, it’s the perfect time to focus on rest and relation. But how do you plan the vacation of a lifetime without breaking the bank?

According to a recent survey, 74% of people say they have gone into debt to pay for their vacation. It’s easy to get carried away with spending money while you’re on vacation. With all of the temptations at every corner, here are a few ways you can make sure you don’t overspend while on your summer vacation.

Create a Budget

First and foremost, you need to create a budget for your summer trip. If you don’t want to overspend, you need to have a baseline for what you can afford. You don’t want to start booking a vacation to find it’s out of your price range.

Determine how much you want to spend on travel, transportation, accommodations, meals, souvenirs, activities and more. Wherever you think you’ll spend money, create a section of your budget for it. The more specific you are, the easier it will be to not overspend. Be sure to also include things like any boarding fees for your pet, tipping expenses and any resort fees.

Research Your Vacation Spot

Once you have a budget in place, it’s important to research your vacation spot. Investigate everything from the best places to stay to what activities are available in the area. Read reviews to see what other tourists are saying about the location. This will give you a great starting point and inform you about what there is to do in the region.

Use this opportunity to also research the best deals. For accommodations, you can try sites like Airbnb. These sites allow you to rent out your own space or share a space with the property owner. You could also reach out to friends and family.

“If you have friends or family who live in the place you’re looking to travel to, reach out to them ahead of time and see if they wouldn’t mind hosting you for a few nights. Chances are they’ll be more than happy to see you, and you’ll save big on accommodations”.

For flights, you can try sites such as, Expedia, Kayak or Priceline. Many of these sites will provide you the ability to set up a price alert to monitor price fluctuation for your desired location and dates.

When searching for activities and tours, visit TripAdvisor. They give reviews and different options for the activities and tours you may want to explore. If you find an activity you’re interested in, you can also call the company directly to see if they offer any discounts for booking with their company. Some excursions may also be cheaper on certain days. So, it never hurts to ask before you book your activity.

Look for Deals and Discounts

Once you have an idea of the restaurants and activities you would like to try, search for specials and deals. Groupon can be a great resource for helping you find deals in the area.

Your credit card may also be a good resource to locate deals or receive various rewards for your loyalty. Iverson states, “Credit cards can save you time and money when traveling.

Keep in mind there are countless other tools you can use to help you save money before you even leave for your vacation. 

Make an Itinerary

Now that you have your accommodations and activities selected, you may want to make an itinerary for your summer trip. Developing a vacation literary will not only help you stay within your budget, it’ll help you maximize your time. It forces you to prioritize what you’d like to do and where your money will be allocated.

Plan All of Your Meals

Creating an itinerary will also help you plan your meals. Dining out can add up and bust your budget. Your accommodations can help you determine if you may be able to stay in and cook. If you don’t have access to a kitchen on vacation, you could stop at a local grocery and pick up nutritious snacks that may be a substitute for costly restaurant meals.

When you stop by a grocery store or local restaurant, ask if they have a reward or discount program. By simply asking, you could save some money!

Avoid Common Spending Traps

Even if you properly budgeted and prepared for vacation, there are plenty of temptations that could cause you to overspend. Here are just a few you should be aware of before you venture out on your trip:

Not properly planning and bringing all items you need while on your vacation. Forgetting something important at home may cause you to have to purchase an item you already have. Make a list of all items you’ll need so you can ensure you have properly prepared.

Budget for pre-vacation shopping. It’s easy to get carried away when shopping for your trip. Only purchase items you absolutely need.

Wait to purchase souvenirs. Most vacation locations will have multiple shops with the same items. Compare prices. It’s always okay to go back. You don’t want to bust your souvenir budget on the first day.

The Bottom Line

The best thing you can do to not overspend while on vacation is properly prepare in advance and to conduct the appropriate research for your vacation spot. The more prepared you are, the easier it will be to enjoy your summer vacation.

How not to blow your budget on vacation?

Frequent hikes in fuel rates and the resultant augmentation in travelling cost can make you worry about budget while traveling in India. Nevertheless, do not worry! By no means, it signifies that you should be a really rich man to explore this country. To assist you out in traveling with limited budget, here is the list of top 25 tips that will show you how to save money while travelling in India

Bargain is a Must-do:

Right from the nitty-gritty of the tour to the tariffs of hotels, you can bargain to get better rates. Never hesitate to bargain to save maximum amount of money possible. Even if you are in a market, there is a possibility that the shopkeeper is overcharging. The best way to deal with it is to bargain.

Book Flights in Advance:

Flight rates may seem to be on the higher side if you book them at the last moment. You can save a reasonable amount of money by booking flights in advance. Travel in the off-season when fares are low. You can also get cheap air tickets if you do prior bookings.

Measure the Weight of Your Luggage:

There are certain standard criteria that apply to customers relating to the luggage they are allowed to carry on the flight. For this reason, you should make certain that you are not carrying more than the permitted limit with you. You may have to pay extra amount for carrying excess luggage. Moreover, leave some vacant space in your bag to store items that you will shop in India.

Travel in Groups:

To save money, you can also travel in clusters. Get along with friends or family for vacation in India. There is lesser chance of being cheated if you are travelling in a group. Moreover, you can grab enticing packages and offers while enjoying the vacations with family and friends as well.

Travel in Public Transport:

There is a good network of public transport in India. These vehicles are not as bad as their image has been created. Public transport is the best way to save money on conveyance. You can discover more of India by travelling in local transport than being enclosed in a closed cab.

Get in Touch with Travel Companies:

Different travel companies in India offer enticing travel deals. Such travel agencies can work wonders for you. All the arrangements of your travel itinerary become their responsibility and that too at a low cost. What’s more, it is a great way to save money along with enjoying the convenience as well.

Get Familiar with Local Habitants:

Being acquainted with the local habitants will prove fruitful in many ways. You can explore the region in more profound ways if you are accompanied and guided by locals. In addition, they will also help you out cut down on unnecessary expenses.

Learn about the Car Rental Tariffs:

Car rents can prove out to be pricier for you if you are not aware of car rental pricing. You must ask beforehand for various deals available on different vehicles. Without knowing the actual car rentals, you may end up in losing your money futilely.

Opt for a Diesel Car:

Petrol prices soars up higher and higher on a frequent basis. Cars that run on diesel cost lesser in comparison to those on petrol. As a result, you should prefer choosing a diesel car to avoid the transportation budget curbing your vacations.

Anoop

Dilzer Consultants Pvt Ltd

Reference:-

https://www.asherfergusson.com/2012/11/100-tips-to-survive-travel-through-india-fun-facts-culture-temples-pictures-more/

https://www.hindustantimes.com/travel/travel-tips-5-ways-to-plan-a-debt-free-vacation/story-azSyWI6LGhrHraoZ1IxqpI.html

How do I ensure I have sufficient money needed for a recurring travel plan?

Most Indians are not able to go
on vacation for lack of money. Here’s how to save enough to take that much-needed break.
Taking a vacation is not even an
option for many people.

How to budget for an international trip

For many people nowadays, travelling is equally important or some times more important than other financial goals such as buying a car, saving for a house or even investing for retirement. And these people do focus on the need for budgeting for travel. And it is not all that difficult as it sounds. Cutting back on avoidable expenses to facilitate regular savings and doing a bit of groundwork to capitalize on the various deals on offer can help one tick destinations off the bucket list!

Teaching Money Skills to Children and Learning from them!

Sheroy does not have a specific plan for the Sheroy Corpus Fund. He has learnt the discipline not to waste or overspend from his family.

NRIs Buying Real Estate In India

If you are a non-resident Indian (NRI) planning to buy a property in India, time could not have been better for you to do so. While India’s real estate sector has seen a price correction in the recent past, buying property in Indian has also become more lucrative with favourable currency rates.

Debt Counselling

Ways to access funds in recent times has improved dramatically, which increasesthe spending needs amongst us. These factors have enabled us to borrow at will and in this process we get stuck with the process of repaying it. In the recent times, the average level of household debt has increased unmatched with the rising income levels. 

Things to consider before you borrow

The most important factor in deciding whether to borrow money is YOU. Is it a Need or greed?  This refers to the intention for which you are applying for the loan.