World Of Finance

If a person wants to become an entrepreneur then he must start a new business and for starting up the business he needs to have a business plan . It is not necessary that the plan has to be a new idea for which he will need capital. The amount of capital depends upon the type of business that the entrepreneur is starting. He can get the required capital from many sources. The required capital, be it less or more depends upon the business plan. Some of the sources from which the entrepreneur can raise the required capital are: ·          Own funds ·          Venture capitalists ·          Angel investors ·          Partnership ·          Banks ·          From friends and relatives ·          Institutional investors In this article we will be concentrating on the venture capitalists. Definition Venture capitalists (VC) are those businessmen who are interested in startu p companies and who provide capital for such companies. It is not necessary that venture capitalist must be a busi

In some countries, intellectual property and copyright is tantamount to the “right to copy”, but counterfeit goods and piracy cost companies billions of dollars in lost revenue. However, there are signs that enforcement may be improving. Intellectual property (IP) infringement is big business in emerging countries and counterfeit goods ranks as one of their biggest exports. The OECD released a study in 2007 that estimated that the annual value of international physical trade in counterfeited consumer goods was $200bn, an amount equivalent to two percent of world trade and higher than the GDP of 150 countries. Seven in ten European businesses operating in China say that they have been the victim of IP violations. European manufacturers estimate that IP theft has cost them 20 percent of their potential revenues in China, and almost 60 percent of all counterfeit goods seized at European borders in 2007 came from China. Havocscope, a US-based independent data and information provid