| Sajha.com Archives | |
| Username | Post |
| ashu | Posted
on 16-Apr-03 12:54 AM
A half-day workshop on Venture Capital and Business Financing ·Venture Capital: How does it work? ·Business financing ·Overview of options ·Family & friends ·Seller financing ·Finance companies and institutions ·Banks and other conventional lenders Dr. Kenneth E. Loucks, a professor of business at Brock University, Canada, will conduct the workshop. Dr. Loucks has over 40 years of international experiences in teaching, research and in advising businesses on how to obtain financing. This workshop is aimed at Nepali bankers, financiers, entrepreneurs looking for funding, accountants and auditors, established business houses interested in investment opportunities and business professors. Date: Tuesday, 22 April 2003 Fee: Rs. 1,250 per head (discounts for groups available) Time: 1:30 pm 5 pm (followed by a cocktail reception) For details, please contact Pravakar Rana or Iris Kobek at Nepal-German Chamber of Commerce and Industry (NGCCI). Phone: 4-226-099 or 4-226-101; Fax: 4-244-417; email: ngcci@wlink.com.np ***** oohi ashu ktm,nepal |
| ashu | Posted
on 18-Apr-03 12:18 AM
On Sajha, there are often discussions by people wanting to start their own businesses in Nepal. To such people and their friends, this workshop offers a chance to meet Nepali bankers and financiers. So, do come to the workshop or send your partners and friends to particpiate. Do spread the word about this workshop and let's join forces to bring/push for the concepts and the basic legal/procedural infrastructure of ventural capitalism in our dear maatri.bhoomi Nepal . . . so that more Nepalis can launch their own businesses. oohi ashu ktm,nepal |
| paramendra | Posted
on 21-Apr-03 05:10 PM
It is better to invest your dollars in Nepal than in the US stock markets. The return is potentially greater. Strictly numbers. |
| Logical Sense | Posted
on 21-Apr-03 05:27 PM
Thanks for the information, Ashuji. Hope it will attract young enterpreuners. Ahem, ahem, paramendraji!!! |
| ashu | Posted
on 21-Apr-03 05:35 PM
The workshop is today -- Tuesday at Yak'n'Yeti. As of last evening, 70 bankers, financiers, small business owners and entrepreneurs have signed up, and more are expected to join as walk-ins. The folks at the Nepal German Chambers, the organizers, are pleased as punch by the turnout. On another note, for some time, some of us in Kathmandu have been studying the POSSIBILITY of running a business-plan contest: you know, a contest in which students and would-be entrepreneurs submit business plans which would then be judged by experts, and some of the plans may end up as real businesses, making real money. This would be a way to promote entrepreneurship and business ideas by bringing people with ideas and people with money together. Nitty-gritty details and the logostics need to be thought through, of course . . . and so, any advice/suggestion/idea any of you can folks can give would be great. There are too many things to do in Nepal, but there is so little time. Ke garne? [Nepal's laws and business logistics, as I am finding out, need to be more investment-friendly, before more investment pours into the country.] That said, Paramendra, I agree with your statement. Upon the advice of a former Bostonian Ashok Raj Pandey, I have started "playing" on the Nepali stock market, so to speak, investing a few thousand rupees. The idea is to understand how and what makes the stock market (NEPSE Index) here move up and down, while, well, making money. Our stock exchange is technically quite primitive, but the brokers are as sharp as those found anywhere else. oohi ashu ktm,nepal |
| paramendra | Posted
on 21-Apr-03 05:45 PM
Seriously, LSji. Say if you have $10,000. Put it in the US stock market in a market-indexed fund. If you get an annual 10% return on average, that is good. Take $3000. Start an internet cafe with it in a small town in Nepal. Some estimates put the return on the money as close to 100%. 10% and 100%. The numbers speak for themselves. But then: "[Nepal's laws and business logistics, as I am finding out, need to be more investment-friendly, before more investment pours into the country.]" So one is restricted to looking into family-led businesses, often one's own. I wish some of the aspiring entrepreneurs in Kathmandu used a Sajha-like forum to raise money for some of their ideas. Granted your "return" will be in the local currency, not in dollars. But the rupee does buy you stuff. Heck, you could donate it to some scholarship fund. Ashu. I would be interested in the "fruits" of the business plan competition. I wonder if this might be of some help to some of those folks: http://www.geocities.com/bhagat266/l/smallbiz.html |
| ashu | Posted
on 23-Apr-03 09:23 AM
What follows is taken from the Web site of today's The Himalayan Times daily newspaper. Enjoy, oohi ashu ktm,nepal ***************** Venture capital likely to help generate more business "Himalayan News Service", Kathmandu, April 22, Experts and entrepreneurs today dwelt at length on the potential of doing businesses by introducing venture capital and business financing. Delivering the welcome address, B K Shrestha, president of Nepal-German Chamber of Commerce and Industry (NGCCI) said the time has come to introduce new concepts of management and techniques to Nepali business community, in order to become competitive in this part of the globe. Shrestha said the programme is aimed at encouraging Nepali business community and financial sector to come into the mainstream business environment prevailing in the world. "The issue of financial management is very significant for small businesses which is the key to survival for any company". Jim Tomecko, team leader, GTZ-Private Sector Promotion (PSP) said new business concepts are crucial and they will ultimately invite new investments. He stressed on the need to have sufficient financing for starting businesses that will help the country's businesspersons and the country as a whole. Dr Kenneth E Loucks, professor at Brock University, key resource person on venture capital financing, explained about the investment criteria, collateral lending and financial management. Loucks, who has 40 years of experience in the field of business financing, dwelt upon how to structure deals, how to judge the calibre of key people behind business processes, and how businesses can convince financiers about their unique selling propositions. Dr Loucks had helped apply venture capital process to develop a new economic model in Canada's Niagara region. He has special interest in improving previously depressed areas into vibrant entrepreneurial centres. Presenting his remarks, vice-president of NGCCI Gopal S Kakshapati said that the most innovative concept in today's business world is venture capital, despite the fact that it often looks quite risky. Small and growing businesses, seeking finance for further development, may find this model quite useful. Venture capital can infuse large amounts of money which can help businesses and big start-ups that want to grow very quickly with expenses, said Kakshapati. "Venture capital is the term used for unsecured funding, provided by specialist firms in return for a part in company's shares, which is totally a new concept that we are yet to get accustomed to." "Venture capital investments are seen as relatively high-risk because they are unsecure and the venture capital firms will therefore be looking for a high returns (perhaps a compound return of 25 per cent or more), largely generated by growth in the capital value of the business," say experts. Over 40 participants from various fields took part at the interactive session organised jointly by GTZ PSP, Business Service Aadhar, NGCCI and supported by Federation of Nepalese Chambers of Commerce and Industry (FNCCI). |