Mediaboss Marketing

The Internet has become an online sensation, and the use of Internet for all the things that we do in our daily lives is going to dominate us all in every possible way. Beginning from companies so the food market to the management market everyone is bound to exploit the Internet and use it for their own benefits. In order to use the benefits that the Internet provides us with and to use it for a good purpose not for things like exploiting the customers one needs to be ready educated and learned on its tools and methods. Pranav Mangal is exactly the person in question here!

This generation is going digital in every way we pay money with the help of our mobile phones and Internet we buy things and checklist the bills and pay them from an online platform. In fact we also buy appliances from the Internet. Therefore this shows us that a lot of the everyday work is being done with the help of the Internet and computers.

Pranav Mangal is very educated in these particular areas and henceforth he has begun with his own online work which relates to promotion web marketing web developing designing an other innovative ideas which are required.

Website architecture and computerize programming and the two important things that Pranav Mangal has practiced over in this time period of lockdown. Experience is very important in this field. And since he has the education along with the experience he has a lot of opportunity to work at present with a lot of other websites and companies. This can also include the future expectations of the different companies that he is going to work with. His own content page and online platform through which he operates most of the time is Innovation media.

Innovation media helps in advanced publicizing and promoting of various companies plus the business organizations also. Pranav has the right mind and creativity to come up with work opportunities himself. Innovation media helps in advanced publicizing and promoting of various companies plus the business organizations also. Pranav has the right mind and creativity to come up with work opportunities himself. In fact Pranav Mangal is occupied with his work even while we continue to write this article, he has other work too which occupies him greatly. Multitasking is one of the greatest qualities of a businessman because he has to handle a lot of projects and modern works at the same time. Hence in the previous article too mention the factor of time management.

Pranav Mangal is morally very woke and follows a very strict protocol while he is working on the projects. His number priority is customer satisfaction, because they are the ones who will help him grow the most. Plus, customer loyalty is also a big factor which comes into action. He is trying his best to grab every opportunity that is thrown at him and make the best out of the present situation. With this pace in business, I am sure he will be able to capture a break deal of attention from one of the top online business organizations.

Originally posted here:
Pranav Mangal: Excellence In Work As Well As Creativity In Online Businesses - Net Newsledger

When the federal government announced the Payroll Protection Program a few months after the pandemic began in 2020, many microbusiness owners those with just one to 10 employees assumed theyd have little problem securing one of the interest-free loans. Many of them were disappointed.

In fact, nearly 79% of the PPP funds distributed were for loans greater than $100,000, and more than one-third of those loans were for between $1 and $5 million or greater much larger than a typical microbusiness owner needed to survive. One of the biggest hurdles microbusinesses faced in getting loans approved was connecting with the traditional big banks that did most of the lending.

At the end of January, more than a third of small businesses had closed in the United States compared with a year earlier, according to data from Opportunity Insights Economic Tracker. And minority-owned business owners were hit especially hard. In the last quarter of 2020, business activity for minority-owned businesses fell by 10%, versus 6% for all small businesses.

Fortunately, some of these inequities are being addressed in the second round of PPP lending, which started on January 12. This time, $40 billion was earmarked specifically for companies with fewer than 10 employees, and the Small Business Administration has adjusted its lending process to better serve companies owned by women, racial minorities and other under-represented groups.

The good news is that the SBA is getting more money to more microbusinesses, more quickly.

As of January 31, $20 billion had been disbursed, and approval rates had risen substantially. The bad news is that with more than half of that $40 billion already gone, microbusinesses will soon need to compete with larger companies who often have strong partnerships with the banks that oversee approving these loans as we saw with the first PPP distribution.

More still needs to be done. I urge Congress to pass the Biden Administrations $1.9 trillion American Rescue Plan, which includes $15 billion in direct grants and $35 billion for lending organizations serving small businesses. But access to capital isnt enough. Federal, state and local governments should also invest in affordable broadband internet, marketing and technical skills training and portable health benefit programs to help owners of microbusinesses thrive.

A research effort between GoDaddy and economists and political scientists at UCLA Anderson, the University of Arizona and the University of Iowa to quantify the economic impact of online microbusinesses, uncovered consistent and clear results: The more online ventures microbusinesses, nonprofits and personal websites a community has, the more resilient and prosperous it is. Specifically, the research shows that microbusinesses with an active web presence led to lower unemployment, greater job creation and higher household incomes.

To realize these benefits, a little bit of funding goes a long way. The average PPP loan for a microbusiness with less than 10 employees so far this year is around $28,000, versus $81,000 for all other companies.

And according to our research, investments that help borrowers in underserved communities could have a particularly outsized economic impact. For example, Black entrepreneurs who run microbusinesses as a side hustle are 2.5 times more likely than others to want to turn their work into a main source of income.

As always, timing matters. While companies of all sizes have struggled during the pandemic, many microbusinesses lack the cash and savings to survive until the threat from Covid-19 subsides. And, given that we now know these entrepreneurs make our communities and economy stronger, it would be tragic to miss another opportunity to get them the help they need.

Read this article:
GoDaddy CEO: The second round of PPP loans will help the smallest businesses. But more needs to be done - KTVZ

By Maria Armental

Baidu Inc. reported a roughly 5% revenue increase for the fourth quarter, driven by cloud and other services, and projected a 26% to 39% year-over-year core-revenue increase in the first quarter. Here's what you need to know:

PROFIT: Net income for the quarter fell to 5.17 billion yuan ($794 million) from CNY6.35 billion a year earlier.

REVENUE: Total revenue rose to CNY30.26 billion ($4.64 billion) from CNY28.88 billion a year earlier and core revenue rose 6% to CNY23.1 billion ($3.54 billion). Baidu had projected CNY28.6 billion to CNY31.3 billion and projected a 1% decline to 10% increase in core revenue.

IQIYI: Baidu reported CNY7.5 billion ($1.14 billion) in revenue from iQiyi Inc., down 1% from the year earlier. IQiyi had projected CNY7.28 billion to CNY7.73 billion.

YEAR: Baidu ended the year at a profit of CNY22.47 billion ($3.44 billion) on CNY107.07 billion ($16.41 billion) in revenue, compared with a profit of CNY2.06 billion and CNY107.41 billion in revenue a year earlier.

OUTLOOK: This quarter, Baidu projects CNY26 billion to CNY28.5 billion ($4 billion to $4.4 billion) in revenue, compared with analysts' CNY25.79 billion. It expects core revenue to increase 26% to 39% year over year. The guidance, Baidu said, doesn't include potential contribution from the acquisition of YY Live.

AUTONOMOUS DRIVING: Baidu completed phase I of the smart transportation project in Guangzhou, which includes the deployment of Apollo V2X smart road infrastructure and Apollo Mobility as a Service, the compamy said.

Baidu has also disclosed a partnership with auto maker Zhejiang Geely Holding Group to produce electric cars.

PANDEMIC: Company officials had pointed to an advertising turnaround. On Wednesday, Robin Li, co-founder and chief executive, said in a statement: "Baidu ended 2020 on a solid note with our business benefiting from improving macroeconomic environment and the digitalization of industrial Internet. "As we enter 2021, Baidu is well positioned as a leading AI company with strong Internet foundation to seize the huge market opportunities in cloud services, autonomous driving, smart transportation, and other AI opportunities. We also hope to capitalize on our huge Internet reach with more non-marketing services."

Herman Yu, chief financial officer, said: "Through years of investment in research, AI chip design, developer community, patents and talent development, we are turning AI into innovative use cases. For example, Baidu AI cloud differentiating with AI solutions grew 67% year over year in Q4, reaching an annualized run rate of US$2.0 billion."

Shares of Baidu increased 2.7% to $316.99 in after-hours trading.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

February 17, 2021 17:05 ET (22:05 GMT)

Read the rest here:
Baidu Projects 26%-39% Increase in Core Revenue in 1Q Earnings Review - Morningstar.com

DURHAM Success did not come overnight for Durham-based ProcessMaker, which just raised $45 million from Aldrich Capital Partners in its first outside investment for its open source automated workflow product.

It was a long haul, said CEO Brian Reale in an interview with WRAL TechWire. We took a lot of different paths. Most people dont do that.

The funding is big news in the emerging field of no-code/low-cide that ProcessMaker has helped pioneer.

The promise of no-code platforms is that theyll make software development just as easy as using Word or PowerPoint so that the average business user can move projects forward without the extra cost (in money and time) of an engineering team, notes VentureBeat.

And here comes ProcessMaker.

ProcessMaker is a no-code/low-code open source process automation platform founded during the dotcom boom and bust of 2000 by Bobby Vernon and Reale. The bootstrapped startup had no funding, So the only way to generate forward momentum is to sell, Reale said.

Unfortunately, if you have no funding, you also dont have anything to sell, he noted. So, in addition to working on the product development, the company did consulting to help pay bills. A venture capitalist told me you should never do that, combine consulting with a product company. But if you dont have any funding, I dont see how else you could do itj. Thats exactly what you should do to organically build a business.

The two entrepreneurs failed often during their initial years.

For a time, Reale was in Bolivia, where he had built an earlier company to provide internet service there. Some of his scrappiness was already in evidence because he talked his modem making employer into giving him outdated modems for the service. He said he originally agreed to do the Bolivia project thinking it would be an adventure. It was, he said.

The internet venture eventually sold to a U.S.-based public company. ProcessMaker still maintains offices in La Paz, Boliva and Bogota, Columbia.

Over the years, the entrepreneurs continued to refine and find the focus for their product. in 2008 they launched what is now known as ProcessMaker one of the first open source workflow software solutions in the industry at the time.

The fact that they didnt have a lot of competitors helped them hire and retain employees, Reale said.

Weve run ProcessMaker really lean and scrappy for 20 years. The hard work paid off.

The company grew from zero to 140 global employees, boasts several million open source downloads, and hundreds of customers across 52 countries.

The platform focuses primarily on mid-market banking, higher education, and manufacturing. Customers include community banks, multi-nationals, and more than 150+ universities. In 2020. The company will continue to focus on those verticals, Reale said, as it builds its executive team and sales and marketing with new hires. We expect to go from 30 people in Durham to 50 by the end of the year.

In its mid-market banking vertical ProcessMaker offers an off-the-shelf commercial account opening process that can be deployed by community banks in a couple of weeks. The result, the company says, is that community banks can now deliver to their customers an experience that rivals the digital experience of banks 10 times their size at a fraction of the cost.

During COVID, this meant the banks were able to pivot from in-person commercial account opening to a fully digital experience while still focusing on building relationships with their customers.

In Higher Education, ProcessMaker automates student-facing processes like transfer of credit approvals and grade change processes. At one of the largest public university systems in the US, ProcessMaker reduced the average time for approving transfer credits from 5 months to 19 hours.

Reale said the company relocated to the Triangle for its attractive business atmosphere. We chose the right place, he said.

The company refreshed its product prior to the new funding, so its faster and cleaner, Reale said. So it will be able to use the funds to increase its sales and marketing rather than upgrade its product.

Aldrich Capital Partners Managing Partner, Mirza Baig said in the funding announcement, Aldrich invested in ProcessMaker because it is a highly capital efficient founder-run business that has a respected global brand. ProcessMaker is a market innovator that has proven that it knows how to be profitable and thrive even during a once in a century world-wide pandemic.

She noted that low-code automation of processes is a hot commodity right now.

At ACP, we love low-code process automation and fully expect hundreds of market verticals to be transformed in the next decade, she said.

The global process automation market is expected to reach nearly $17 billion by 2023 with a CAGR of 5.8% according to a recent report.

The investment from Aldrich Capital will allow ProcessMaker to continue to invest in its market-leading digital process automation platform and build out its presence in community banking, higher education, and manufacturing.

Startup profile: ProcessMaker, aiming to automate key business processes (+ video)

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'A long haul' from bootstrapping to $45M in funding: The saga of Durham's no-code ProcessMaker - WRAL Tech Wire

Theres a lot of pent-up desire among seniors, and a sense of life running out, said Jeff Galak, a professor at Carnegie Mellon Universitys Tepper School of Business. Theres a theory called mortality salience: When your own mortality is brought to mind, behaviors change. Were going to see upgrades to better cabins on cruise ships, and booking of better hotels.

For travelers in their 60s, 70s and 80s, said Conor Goodwin, corporate marketing manager of Charlestowne Hotels, the ticking of the clock is another strong motivation to book as soon as an inoculation makes it safe.

The 65-plus demographic is losing out on their golden years and theyre understandably eager to get back out there, he said.

The Bristol Hotel in Virginia, which is part of Charlestownes portfolio, saw revenue from travelers over the age of 65 increase 179 percent between Dec. 13 and Jan. 22. The French Quarter Inn, in Charleston, S.C., which is also managed by Charlestowne, saw 11 percent more bookings from people over 65 between Jan. 10 and 28 compared Dec. 22 to Jan 9.

Some older travelers are even opting to finally book those big-ticket dream trips. Fernando Diez, who owns Quasar Expeditions, a luxury cruise operator in the Galpagos Islands, says that in December, when frontline health care workers were among the very first Americans to receive vaccines, he saw a wave of requests for trip information from doctors and nurses.

Since Jan. 1, however, 70 percent of his booking inquiries have come from guests over the age of 65 in previous years, that number was closer to 40 percent. Most inquiries are for travel from June onward.

Most of them say theyve been vaccinated, and theyre comfortable now traveling to a destination like Ecuador and the Galpagos, Mr. Diez said. The vaccination gives them the confidence to travel to a remote spot.

More:
A Different Early-Bird Special: Have Vaccine, Will Travel - The New York Times