Variability of quasilinear diffusion coefficients for plasmaspheric hiss

first_imgIn the Outer Radiation Belt, the acceleration and loss of high‐energy electrons is largely controlled by wave‐particle interactions. Quasilinear diffusion coefficients are an efficient way to capture the small‐scale physics of wave‐particle interactions due to magnetospheric wave modes such as plasmaspheric hiss. The strength of quasilinear diffusion coefficients as a function of energy and pitch‐angle depends on both wave parameters and plasma parameters such as ambient magnetic field strength, plasma number density and composition. For plasmaspheric hiss in the magnetosphere, observations indicate large variations in the wave intensity and wavenormal angle, but less is known about the simultaneous variability of the magnetic field and number density. We use in‐situ measurements from the Van Allen Probe mission to demonstrate the variability of selected factors that control the size and shape of pitch‐angle diffusion coefficients: wave intensity, magnetic field strength and electron number density. We then compare with the variability of diffusion coefficients calculated individually from co‐located and simultaneous groups of measurements. We show that the distribution of the plasmaspheric hiss diffusion coefficients is highly non‐Gaussian with large variance, and that the distributions themselves vary strongly across the three phase‐space bins studied. In most bins studied, the plasmaspheric hiss diffusion coefficients tend to increase with geomagnetic activity, but our results indicate that new approaches that include natural variability may yield improved parameterizations. We suggest methods like stochastic parameterization of wave‐particle interactions could use variability information to improve modelling of the Outer Radiation Belt.last_img read more

NASCAR results at California: Kyle Busch secures 200th career victory after overcoming penalty

first_imgPENALTY: @KyleBusch … too fast on pit road.#AutoClub400 | @ACSupdates— NASCAR (@NASCAR) March 17, 2019Busch came off the restart in 18th place and quickly fought to retake the lead. He held off Joey Logano and Keselowski down the stretch, while Kevin Harvick and Ryan Blaney rounded out the top five. Kyle Busch pulled off an unlikely win Sunday in the Auto Club 400 in Southern California to secure his 200th career victory across NASCAR’s three major series. After starting fourth, Bush swept the first and second stages and led for a race-high 134 laps, but a costly penalty saw him fall from the top spot to the bottom of the pack. He received a penalty for speeding off pit road to start Stage 3, which initially gave Brad Keselowski the lead. Busch was on the verge of reaching that feat in Saturday’s Xfinity Series race at Auto Club Speedway, but a late pit-road penalty ended his hopes. He ended up finishing second after leading a race-high 98 laps. His first career Cup win came in Fontana, which made Sunday’s victory even more fitting. Related News NASCAR vows changes after fans boo bizarre qualifying result Ricky Stenhouse Jr. was in the mix to start the race, but he spun out early in Stage 1. Here’s what happened to @StenhouseJr to put us under the yellow flag and bring Stage 1 to a close.— NASCAR (@NASCAR) March 17, 2019Busch’s victory Sunday gave him his 53rd career NASCAR Cup win, and his second of the season. He now joins Jimmie Johnson, Jeff Gordon and Matt Kenseth as the only three-time winners at Fontana. With the 200 career wins milestone to add to his already impressive resume, Busch is drawing comparisons to the legendary Richard Petty, who won 200 races in NASCAR’s top series.Monster Energy NASCAR results at CaliforniaKyle BuschJoey LoganoBrad KeselowskiKevin HarvickRyan BlaneyKurt BuschDenny HamlinMartin Truex Jr.Aric AlmirolaAustin DillonChase ElliottKyle LarsonDaniel SuarezRicky Stenhouse Jr.William ByronChris BuescherJimmie JohnsonMatt DiBenedettoErik JonesPaul MenardAlex BowmanRyan NewmanRyan PreeceMichael McDowellDavid RaganMatt TifftTy DillonRoss ChastainLandon CassillBubba WallaceCorey LaJoieCody WareDaniel HemricReed SorensonJoey GaseGarrett SmithleyB.J. McLeodClint Bowyerlast_img read more

It’s youth to the fore as Rosie, 11, wins for Bucks

first_img Tags: County, English, Finals, Rosie Bee Kim, Women It was youth to the fore today at English Women’s County Finals as 11-year-old Rosie Bee Kim helped Buckinghamshire to a win – and to blow the championship wide open.As increasingly strong winds whipped across the links at Royal North Devon Golf Club, both Surrey and Staffordshire also won their matches.It means that today’s three winners catch Gloucestershire at the top of the table, although the South West team still hold a narrow advantage of games won.Buckinghamshire were first to strike with their 4-2 win over Yorkshire, with Kim (pictured) scoring the winning point on her county debut.She stands just under 5ft tall and with the winds strengthening, Kim commented: “I didn’t expect very much from today. I’m quite young and I have a disadvantage that I don’t hit the ball very far and I knew it would be windy.”However, she’s also an extremely steady player who is rapidly improving and she quickly took a narrow lead and held on to win 3/1. “I was very pleased,” said the youngster, whose ambition is to become a Tour player.She’s one of a number of young, developing players in the Buckinghamshire team and they’ve all played their part this week. Team captain Sue Ashworth remarked: “Like a lot of the counties we have our girls from the American universities to call on at regional match week. But now they’ve all gone back we have to call on our younger players and their handicaps have tumbled in the summer and we’d be foolish not to use them. It works for us.”Next to score was Surrey, who beat Norfolk 3.5-2.5, securing their win in their last game and on the final green. Surrey’s Charlotte Griffith and Norfolk’s Chloe Gibbs came down the 18th all square and halved the hole – dashing Norfolk’s hopes of a halved match and getting a point on the board.It was a nail biter for Surrey captain Sally Parrish who commented: “We had three wins, so we knew we had a draw at least, but we really wanted to win the day. I’m really grateful to Charlotte because she hurt her wrist in one of the bunkers on the 6th. We dosed her up and bandaged her up, but I thought she was going to have to stop – but she battled through.”The final match was played in the worst of the weather, with players finding it difficult to stand at times and balls toppling off tees. But, although balls oscillated on the greens, they didn’t move and play was able to continue.Staffordshire came out on top, winning 4-2 and halting the progress of Gloucestershire, who had won both their opening matches.“What a day, it was a fantastic result,” said Staffordshire’s playing captain, Jenny Rhodes, who teamed up with Rachel Bishop in a winning foursomes combination.“It was hard work out there, it was just a case of keep persevering and grinding away. It was a test of endurance, just standing up on some holes was an achievement! Our match probably had the worst of the weather but it was definitely good to get a proper, finished result.”Staffordshire won the first three points, but had to wait for Georgina Wilkie to take them over the winning line with her 3/2 singles win.Today’s matches were played over two foursomes and four singles.Tomorrow’s draw is: Norfolk v Gloucestershire, Staffordshire v Buckinghamshire, Surrey v Yorkshire. 19 Sep 2018 It’s youth to the fore as Rosie, 11, wins for Bucks last_img read more

Big Bad Joel Stewart now a Nelson Leaf

first_imgBy Bruce Fuhr, The Nelson Daily Sports Leaf coach and GM Chris Shaw continues to tinker with the Kootenay International Junior Hockey League squad. The Leafs added 6’1, 190-pound winger Joel Stewart to the roster in a futures deal with the Spokane Braves. “(Joel) is a tough two-way player who can score goals and is a big-time agitator,” Shaw said Saturday when asked about his new recruit. “Guys (in this league) don’t like to play against him.” “I know the guys were saying when I told them I acquired (Joel) is about how they hated playing against that guy,” Shaw added. In 16 games this season with the Braves Stewart scored eight goals for 16 points. The larger stat may be Stewart’s 86 minutes in penalties. “He going to bring some secondary scoring as well as a little more toughness added to our team,” Shaw explained. Stewart is the latest deal for the rookie Leaf skipper. Last month Shaw acquired Kyle Alexander from the Flin Flon Bombers of the Saskatchewan Junior Hockey League. Alexander’s stay was a short one — two games before being traded south of the border to Helena, Mont.Shaw then picked up winger Evan Moir. The 6’2”, 190-pound Moir played with the Calgary Canucks of the Alberta Junior Hockey League. “With the core group of guys we have there might be one or two moves made,” Shaw said. “You never know what’s going to happen with injuries . . . . Right now we’re kind of hit with the injury bug so you’ve got to bring another player in when you’ve got a player out for four to six weeks.”[email protected]last_img read more

Andrews finishes with four helpers to lead Nelson past Rockies 6-4

first_imgBlair Andrews turned into a set-up machine, finishing with four assists to spark the Nelson Leafs to a 6-4 Kootenay International Junior Hockey League victory over the Columbia Valley Rockies Sunday afternoon at the Eddie Mountain Arena in Invermere.Andrews, with five points in the past two games, snapped an 11-game point drought with the breakout weekend.Nelson held period leads of 3-0 and 5-3 against the Eddie Mountain squad.Jamie Vlanich scored twice for Nelson with singles going to Austin Lindsay, Brandon Sookro, Aaron Dunlap and Linden Horswill.Brad Rebagliati faced 39 shots to register the win in goal for Nelson. The Leafs out shot the Rockies 41-39.Nelson jumps past idle Beaver Valley Nitehawks into top spot in the Murdoch Division with a record of 28-6-1-3.The Leafs, winners of three straight games, face Castlegar in the Sunflower City Friday before returning home to host Spokane Braves Saturday at the NDCC Arena.Willans, Vlanich spark Leafs to 7-2 rout of RocketsThe Golden Rockets won the shots battle, but the Nelson Leafs took the scoring war.Carsen Willans and Jamie Vlanich each had four points sparking the Nelson Leafs to a convincing 7-2 Kootenay International Junior Hockey League victory over the Rockets Saturday night in Golden.Vlanich led the scoring parade witih three goals. Linden Horswill added a pair while Adam Hodge and Darnel St. Pierre scored singles.Nelson held period leads of 2-1 and 6-1. Adam Maida was busy in the Nelson nets stopping 37 shots as the Rockets out shot the Leafs 39-25, including a 17-4 advantage in the third period.Willans had four assists while Troy Petrick, Horswill and St. Pierre each finished with two points.Nelson, remaining one point behind Beaver Valley in Murdoch Division standings, concludes its Eddie Mountain road swing Sunday in Invermere against the Columbia Valley Rockies.Beaver Valley edged Spokane 3-1 Saturday in Fruitvale.Three second-period goals sparks Leafs past NitrosNelson Leafs started the New Year off on the right skate, scoring three second period goals to edge the Kimberley Dynamiters 3-1 in Kootenay International Junior Hockey League action Friday night in the Bavarian City.Leaf captain Darnel St. Pierre, Troy Petrick and Jamie Vlanich, shorthanded, scored for the Leafs during a five-minute span.The goals erased a 1-0 Kimberley lead.Nelson out shot the Nitros 27-20 in the game.Brad Rebagliati stopped 19 of 20 shots to register the win in goal.Former Leaf players Tyler Garcia, traded to the Eddie Mountain team at the BC Hockey December roster deadline, was tabbed for a 4-minute spearing penalty at the game’s final buzzer. Garcia also received a 10-minute misconduct.Nelson, climbing to within a point of idle Beaver Valley in the Murdoch standings, continues its road trip Saturday in Golden against the Rockets.Nelson and Beaver Valley, which defeated the Leafs twice in December, have both played the same 36 games.Nelson concludes the trip Sunday in Invermere against the Columbia Valley Rockies.Next home game is Saturday, January 11 against Spokane Braves at 7 p.m. in the NDCC Arena.last_img read more


first_imgONE RANDOMLY SELECTED WINNER COULD WIN A 2016 MERCEDES-BENZ GLC COURTESY OF RUSNAK/ARCADIA ON JULY 4 AT THE GREAT RACE PLACE ARCADIA, Calif. (April 27, 2016)–Santa Anita Park, which has served as a launching pad for three out of the last four Kentucky Derby winners, will host a trend-setting Kentucky Derby Hat Contest on Derby Day, Saturday, May 7.A $1,000 top cash prize will be awarded in three different categories–Best Hat, Best Fascinator and Best Overall Fashion. The contest is open to both men and women, 18 and older and is free of charge to enter on Derby Day in person, or online at in advance.For those signing up on-track, there will be an event tent located in the East Paddock Gardens that will be open from 10 a.m. to 2 p.m. (With a large Derby Day crowd expected, participants are encouraged to register online).A total of 15 finalists (five in each category) will be selected by a panel of judges and these names will be announced and contestants notified prior to the running of the Kentucky Derby, with all finalists required to report to the Winner’s Circle.In addition to the $1,000 top cash prize in each category, all second place finishers will receive a $200 gift card redeemable at Santa Anita’s Champions! Gifts and Apparel and all third place finishers will receive a $100 gift card.As a special bonus, one of the top three prize winners will be selected at random to also receive an automatic entry into the finals for a chance to take home a 2016 Mercedes-Benz GLC presented by Rusnak/Arcadia on July 4, 2016 at The Great Race Place. Complete rules and restrictions are available at and on-track at the THOROUGHBREDS center on the Grandstand main floor.Santa Anita’s admission gates open early on Derby Day at 7:15 a.m. and first live race post time is at 12 noon. Post time for the Kentucky Derby from Churchill Downs is at approximately 3:40 p.m. PST.last_img read more

Two Donegal students awarded Silver Gaisce President’s Award

first_imgTwo Donegal students were awarded Gaisce’s Silver Award in Dublin on Thursday.The President’s Silver Award Ceremony was held in the O’Reilly Theatre Dublin 1 on Thursday the 7th of November where 148 people from throughout Ireland were awarded.CEO of Gaisce, Yvonne McKenna, presented Luke McCarthy and Ailbhe McGowan from St. Catherine’s Vocational School Killybegs with their awards. Speakers on the night included UN Youth Delegate Jack O’Connor, who is also a Gaisce Bronze Awardee, and Olivia Porter, a Wexford native who received her Gold Award in December last year from President Michael D. Higgins. The event was MC’d by Spin 103.8 DJs Graham O’Toole and Nathan O’Reilly.Silver Awardees recognised on the night have successfully completed at least 26 weeks across three different challenge areas and undertaken a 3-day adventure journey. The adventure journey incorporates either a 50km walk or or a 190km cycle.Speaking about the achievements of the awardees, Yvonne McKenna said, “I heartily congratulate this evening’s Awardees on their achievements. It’s fantastic to be honouring so many young people tonight for their dedication to personal development, and I think it’s a testament to the tenacity of young people today that we have so many Awardees here tonight.“I hope they have made lasting memories and gained invaluable self-knowledge through their Gaisce Journey. Completing a Silver Award has required a significant amount of dedication and effort from each one of them”. She continued, “I would also like to congratulate their wonderful President Award Leaders, who have guided them along their path to silver. Our President’s Award Leaders truly are the lifeblood of the Gaisce programme, without whom there would be no Gaisce, but also their families and communities, whom I’m sure will be incredibly proud of them”.Speaking about the ceremony, Gaisce Gold Awardee and speaker on the night, Olivia Porter said, “I’d like to congratulate all of the Silver Awardees on their amazing success. I received my Gaisce Gold Award last December and I can’t convey the level of achievement I felt during the ceremony. I know that many of the Awardees here tonight will relate to that experience. Doing Gaisce really pushed me out of my comfort zone and shaped me to be more self-aware and open to new things. I think undertaking Gold made me realise how much I enjoy improving myself and that has really motivated me in other areas of my life. I hope the Silver Awardees tonight take the next step on their Gaisce journey and feel the benefits I felt from undertaking Gold”.Gaisce – The President’s Award is a personal development programme for young people which enhances confidence and wellbeing through participation in personal, physical and community challenges.Since its inception in 1985 over 178,000 young Irish people have completed a Gaisce Award, including former Rose of Tralee Maria Walsh and Irish rugby international Robbie Henshaw.Two Donegal students awarded Silver Gaisce President’s Award was last modified: November 8th, 2019 by Katie GillenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Draymond Green revs back up to triple-double pace for Game 4

first_imgDraymond Green has his ever-present high motor running in Game 4 of the NBA Finals.At halftime, he only has 6 points, but he also has 6 assists and 7 rebounds, putting him ahead of triple-double pace.Green’s been pushing the ball up the court, getting the Warriors into their offense early and in rhythm. Late in the first quarter, he showed his quick-twitch defensive prowess by forcing Toronto’s Kawhi Leonard to pass, then spinning around and blocking Marc Gasol’s shot.DRAYMOND 🔐#StrengthI …last_img

Cooking in Cariema Isaacs’ Cape Malay kitchen

first_imgCape Malay cooking has left its unique mark on South Africa’s collective heritage. It is known and loved across the country. Cariema Isaacs, author of Cooking for my Father in My Cape Malay Kitchen, gives deeper insight into this cuisine and its history.As Cariema Isaacs wrote Cooking for my Father in My Cape Malay Kitchen, she relived some of her best childhood memories. (Image: Supplied, Penguin Random House South Africa)Priya PitamberAsked about her favourite childhood memory involving food, Cariema Isaacs could not help but smile because it invoked heart-warming recollections.“It takes me back to a Sunday morning in Bo-Kaap and the smell of warm and aromatic aniseed-infused koesisters glistening with sweet sugar syrup and dusted with beautifully white, desiccated coconut,” said Isaacs, author of Cooking for my Father in My Cape Malay Kitchen.“It’s a memory that rings true for every Cape Malay and to this day, the tradition of having warm koesisters served for breakfast or as a snack on Sunday morning is still kept alive in our community.”Isaacs wrote her cookbook in honour of her father following his death in 2013. Working in Dubai, she said she found it exceptionally difficult to mourn his passing. This prompted her to write a book to capture the memories – mostly related to food, their heritage and the Cape Malay culture – that made them both so happy.“It’s with ease that blank pages were filled with moments that I remember cooking with him, meals we ate together and his simple philosophy about food… Many of these moments were underpinned by my childhood memories of growing up in Bo-Kaap, the Cape Malay quarter where I was born.”The book, she said, took you on a culinary journey through Cape Town’s Bo-Kaap, the food and festivals that represented the community, the spirit of caring and sharing and the celebration of “togetherness”.Isaacs always had a love for cooking, baking and, naturally, eating. But it was moving to Dubai that ignited her curiosity about world cuisine. “The more I explore it, the more I am intrigued.”She said what she had deemed everyday, home cooking became a form of art. “I saw what I was creating being captured through someone else’s lens, styled by someone else’s interpretation of my dish. It’s a thing of beauty.”Cape Malay cooking contains many different flavours from around the world, making it uniquely South African, says Cariema Isaacs. (Image: supplied, photographed by Ian Du Toit)Cape Malay cuisine was an important part of South Africa’s heritage, she explained, because it dated back to the first settlers who arrived at the Cape of Good Hope in 1652. The Dutch East India Company delegation set up a refreshment post for traders on their way between the Netherlands and the East.Her Cape Malay forefathers arrived here as slaves from various places in Southeast Asia. “The roots of Cape Malay culture and cuisine are largely influenced by its Indonesian, Javanese and Malay forefathers. The famous Afrikaans poet, C Louis Leipoldt (1880-1947), claimed in an article that the earliest authorities behind original South African dishes came from the ‘Cape Malay’ population of the Western Cape.”Many of their forefathers worked as cooks or kitchen hands, she explained, and adapted recipes from their homelands for the palates of the households in which they worked. But there were also influences from the masters of the homes, who were predominantly Dutch or British.“In order to fully appreciate the Cape Malay cuisine, you need to understand its history and in understanding its history you very quickly come to learn that every dish tells a story,” Isaacs said.“Every story could depict either a particular spice that links us to another part of the globe or places from which our forefathers hailed.”The type of food cooked in the past also depended on the day of the week, she said. On Sundays, there was chicken or expensive cuts of meat; Mondays were fish days or the left-overs from Sunday. “Food passed on from our past, tells the story of celebration, of religion, of struggle but it’s always been a way to bring the community together.”The tapestry of flavours and spices woven together from countries such as the Netherlands, India, Indonesia, France and Britain made Cape Malay cuisine uniquely South African, she said. The cuisine was also influenced by the Islamic faith, so all food was halaal.Instead of hot and pungent, Cape Malay spice combinations were more fragrant and aromatic. The dishes that had their roots in Malaysia, Java and Indonesia consisted of aromatics such as cloves, bay leaves, all spice pimentos, cardamom, fresh ginger and garlic, and tamarind paste. The curries, known for their lush sauces, had ground spices such as turmeric, cumin and a blended leaf or roasted masala.“It is also important to mention that Cape Malay cooking is complete only when it can be enjoyed with friends and family (never alone) and, more importantly, shared with neighbours and the community (especially as a form of charity).”Isaacs said her favourite recipe from her book was Braised Sausage. Make it yourself:Braised Sausage (Gesmore Soeseis)Cape Town boasts some of the finest halaal butcheries around which specialise in a wide variety of sausages and cold meats such as viennas, polonies and penny polonies. An essential requirement for this very popular dish is to ensure that a good quality sausage is used, in other words, one that consists of a higher pure meat ratio compared to that of the other sausage ingredients. Good-quality sausage will expand and plump up when cooked and must contain a fair amount of moisture inside the casing. You need a juicy sausage for this recipe. Serves 4–6.Notes: Steer away from plaaswors or boerewors for this recipe, because the taste of it is way too pungent and the meat ratio is disproportionate. If the sausage is spicy, then omit the chilli and pepper. Salt is optional or to taste, as some sausages have added salt and seasoning.1 Tbsp (15 ml) sunflower oil2 large onions, finely chopped1 green chilli, halved lengthways1 ripe tomato, roughly chopped1 C (250 ml) water3–4 medium potatoes, peeled and quartered1 kg sausage¼ tsp (1.25 ml) freshly ground black pepper1 tsp (5 ml) sugarSalt to tasteHeat the oil over medium heat and add the onions and chilli. Cook for 3–5 minutes, stirring frequently, and then add the tomato. Cook for 15 minutes, stirring occasionally, until the onions are translucent.Just as the onions and tomato are about to catch on the bottom of the pot, gradually add ½ C (125 ml) of the water, small amounts at a time, and cook for a further 5 minutes.Add the potatoes and gently scrape any bits from the bottom of the pot.Add the remaining ½ C (125 ml) water and cook, covered, for about 15 minutes over a medium heat, until the potatoes are slightly browned and the water has transformed into a fairly thick sauce.Place the sausage on top of the potatoes – DO NOT stir!The sausage will act as a blanket and will provide just enough moisture for the potatoes to continue cooking and softening.Increase the heat to high and allow the sausage and potatoes to cook for about 5 minutes. Then turn the heat down to medium for about 20 minutes.Sprinkle over the pepper and sugar and fold in carefully.You can add a little water if you prefer a slightly thinner sauce. Do a taste test and add salt if needed.Serve hot with fresh bread or fluffy white rice. Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

Business Loan? Budding Entrepreneurs Raise Their Chances

first_imgRelated Posts Emma Salvador Trends Driving the Loyalty Marketing Industry Emma Salvador, a masters in computer science has a knack for computer technologies. She has over 15 years of experience in systems security and IoT. Reasons to Outsource General Counsel Services f… How OKR’s Completely Transformed Our Culture Business credit is the grease that keeps the wheels of a business enterprise moving. The fact that business enterprises rely on business loans from time to time is an obvious statement. Regardless of the scale or the diversity of a business — budding entrepreneurs running from pillar to post in search of seed capital or liquidity injection for their business enterprises are a common sight in business circles.Challenges in Getting a Business Loan ApprovedWhile getting a business loan application approved by a banker, angel investor, or a private equity (PE) fund has always been a tall order. It has become even more complicated in the last two decades in the aftermath of global economic crises. There has been the subprime crisis (2008), the Eurozone crisis (2011) and the lessons learned from the cases of fiscal profligacy in the PIIGS (Portugal, Iceland, Italy, Greece, and Spain).Banks, private equity investors, angel investors, and lending institutions for business across the world have become even more cautious about approving loan applications due to a vast number of reasons.Some of the significant macroeconomic challenges that have an impact on the non-approval of business loan applications are as follows:Stringent guidelines by regulatory agencies and federal banksImpact of non-performing assets (NPAs) on balance sheets of banks due to bad business loansAbsence of a strong value proposition to be offered through the businessLack of a clear definition of the purpose of the business loanAbsence of well-documented history on the corporate behavior of the firmAbsence of demonstrated history of credit and payback by the firmA weak revenue model to support the payback of the creditLack of the scope to build scale into the business model for expansionHow to Raise the Chances of Getting the Business Loan Application ApprovedDefine the Purpose of the Business Credit First, define the core purpose of seeking business credit. It is of paramount importance that you, as an entrepreneur, be clear about the goals that you aim to achieve through the business credit that you are seeking.Do you want a working capital injection for your business to pay off salaries and wages?Do you want a loan to pay off existing debt?Do you want a business credit to expand your business?Do you want a line of credit to reach out to new geographiesDo you want to diversify your businessDo you want to embark on a capacity expansion through the establishment of new production units?Be very clear about the source of your journey and where do you want to end up?Decide on the Capital Injection- Debt or EquitySecond, as an entrepreneur, explore the multiple modes of business credit that are in place these days.You do not always have to lean towards a bank to seek a capital injection for your business.There are other options of private equity (PE) fundsAngel investors who are also sometimes referred to as venture capitalists (VCs)Microfinance institutions (MFIs).You also have the option to explore capital injections through equity crowdfunding. Banks offer the traditional debt route, PEs and VCs offer an equity route. On the other hand equity crowdfunding is a mechanism that allows your business to lean on broad groups of investors that fund micro, small and medium enterprises in lieu of payback, profit or revenue sharing of sweat equity.Update your Tax RecordsThird, do not forget to be a socially responsible corporate citizen. At the grassroots level, this translates to compliance with regulation and governance norms as per the local laws. Tax compliance is one of the essential factors for micro, small, and medium businesses.Bankers, PEs, VCs, and even crowdfunding platforms pay a great deal of attention to the details of the tax burden on your business and are particularly keen to study your tax records.Check for outstanding tax burdens and liabilities and consider a clean tax statement to be a testimony to subsistence level checks before proceeding forward with further processing of your business loan application or liquidity injection that you are seeking.Assess the Financial Risk Factor ObjectivelyFourth, be sure of the financial risk that your business is capable of taking upon itself. Ask yourself where and how to draw the line? There is no substitute to sound financial risk management.How much of financial risk is considered to be conservative, and how should you recognize the red flags?Work on your financial risk modeling. Your risk modeling should ideally include the expected return on investment (RoI), the payback period of your business, and the net present value (NPV) of the assets of the firm.Further, work with an experienced financial risk analyst to assess the unforeseen risk factors that may delay the returns from your project.In short, as an entrepreneur, you should be aware of the farthest that you can stretch with the financial risk involved with the capital injection.Define the degree of affordable risk (DAR) to yourself first, and you should be in an excellent position to explain it to the bankers and creditors.3Cs Matter: Character, Capability, and CredibilityRemember, bank managers and creditors, watch out for three things here:Character–The character here may refer to the value creation potential of the business seeking a capital injection.Capability–Capability here refers to the projected risk-returns trade-off faced by the business.Credibility– credibility refers to a combination of things, including brand value, the market capitalization of the firm, or the total valuation of the assets in possession of the firm.Safeguard Your Intellectual Property RightsOne last thing before you pitch your application before a banker, PE firm, or angel investor. Your intellectual property rights are especially applicable to product based and concept selling businesses. If you are into a company that uses technology, data, or digital assets in any way.It makes enormous good sense to think of your core competence and operational risks in terms of the VRIO model.VRIO here refers to:value (V)rareness (R)non-imitability (I)organizational fit (O).When you safeguard your intellectual property rights like trademarks, copyrights, and patents you have a very potent weapon to beat the competition in the market and create a solid basis for product differentiation and thus, a unique selling point for customers to lean on.Having a unique selling point transforms the very nature of your business loan application. It gives you a legal safeguard, a USP to talk about and finally a perfect core competence to draw the attention of PEs and VCs and win their trust.ConclusionWhile this is a list of general guidelines for entrepreneurs seeking a capital injection for their business, more layers and sub-layers of analysis may be added to make your business loan application even better and precise.One parting shot for entrepreneurs here is to focus not just on justifying why their business deserves a loan or an equity investment but to focus on how a small capital injection can multiply the value creation many times more and benefit investors, clients and employees through a profitable, predictable, sustainable and de-risked business model. Tags:#Business Funding#Capital#Crowd Funding#Entrepreneurs#Finance China and America want the AI Prize Title: Who …last_img read more