Having your own business in Sweden has a few advantages:
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Scholarships in Sweden can sometimes cover your entire tuition. At other times, they can take care of both your tuition and your cost of living in Sweden! Here are a few of the 37 different scholarships Sweden offers to international students-
You will also find a lot of university scholarships to study in Sweden, like-
SOURCE After I decided to evaluate my financial health, I started to think about how much I spent over a year in Sweden. As a result, I couldn’t come up with a fixed amount but I had a general overview of my spendings. So, in this post, you will find living expenses when studying in Sweden. However, the cost of living primarily depends on where you live and individual lifestyle. It may also change over time.
A famous Swedish pop band ABBA in their iconic song summarize the situation for us: Money, money, money Must be funny In the rich man’s world Money, money, money Always sunny In the rich man’s world Aha aha All the things I could do If I had a little money Also, excellent blog posts written by my fellow digital ambassadors in previous years inspired me to write one for 2019. So far, posts that have inspired me to write this post include: Andaç’s post about the cost of living took us back to 2016. Time flies! Andaç writes another blog post about the cost of living in 2017. Additionally, Anita’s post has shed light on the cost of living in Sweden in 2018. At this time 5 years ago, Marta brought our attention to the fact that Sweden is expensive. My wallet and I agree that she is still right. On the other hand, Emma in the outstanding student money diary writes that: “Sweden is as expensive as you hear, and also is not as expensive as you hear.” How much money do you need to live in Sweden? According to the Swedish Migration Agency, it is essential to be able to support yourself financially for your studies if you are applying for a residence permit. That means you need to show that you have secured maintenance such as scholarship, grant, own bank assets for the period of your studies. Also, your maintenance should cover for the whole period in which you are applying for a residence permit. Accommodation Let’s start with fixed expenses in a month! Rent is the largest expense like everywhere else. For example, I live in a corridor room with a shared bathroom and kitchen in Campus Norrköping. My rent is around SEK 2800. I also pay extra SEK 7 every time I do laundry. In this case, except for doing laundry, residents don’t need to pay any other bills. Thanks to my university’s offer I was lucky enough not to worry about finding accommodation. It was a pretty good deal! However, this may not be the case for bigger cities. The monthly rent varies depending on location and type of accommodation you have such as private flat, shared apartment, or student dorms. Stockholm has definitely higher rents compared to other cities in Sweden. A little creativity never hurts anyone. I still appreciate how Elke turned a challenge into a solution and find her unique way to find housing in Stockholm. Check out Elke’s brilliant post: Yeay, I live in a container! Other larger cities like Malmö, Gothenburg are also more expensive than small cities like Norrköping, Linköping, Halmstad or Jönköping. In most of the cases, the monthly rent prices are between SEK 2,800 and SEK 6,500. For a general overview of accommodation, you can visit studyinsweden.se. FoodThe budget for food varies according to your eating habits. It really depends on what kind of food and where you eat. The average amount you spend a month on food changes on whether you choose to go out to eat or cook your meals at home. Grocery Shopping
SOURCE Accepting Outside Investors? Here Are 5 Things to Watch Out for in Your Contract - Anthony Norman3/10/2022 As a business owner, the idea of accepting expertise and a big check from an outside investor can seem like a complete win for you and your business.
The truth of whether it’s actually a benefit for you, however, is often determined by what appears to be the boring fine print details of the contract you sign with that investor. In this article, we’ll introduce you to some of the most important contract terms to watch out for when negotiating an agreement to accept outside investments, and explain why they’re worth worrying about. 1. Structure of the investment When small business owners talk about taking on an additional investor, they typically say something nondescript like, “We’re taking on an angel investor.” What they don’t discuss are the many of ways in which that investor can actually invest. But they should, because the different ways an investor can invest in a business dramatically changes the deal you’re agreeing to. 2. Preferred versus common shares Assuming you’re considering an offer in which the investor is making a traditional equity investment (as a reminder, this is how most of the Sharks do it), the next important clause is to look at whether the shares the investor is taking are preferred or common shares. By way of background, when someone invests in your business they are actually buying shares in your business in exchange for money. They can buy common shares or preferred shares. If your investor only gets common shares, then that means you are on equal footing. So, when it comes time to make decisions, you probably each get one vote for each share of the business you own. When it comes time to get profits (or allocate losses) you each get a proportional share relative to the number of shares of the company you own. 3. Anti-dilution protection When an investor puts money into a company as an equity investment to buy shares at a particular valuation (say $100,000 at a $1,000,000), they then own a given percentage (here 10 percent) of the total shares outstanding. If, down the road, you decided to take on an additional investor, or sell new shares of the company at a discounted rate to employees or family and friends, then that investor’s total ownership percentage might fall below their 10 percent ownership. That risk of a decrease in the overall ownership percentage triggers an important term called an anti-dilution protection clause. 4. Liquidation preference When you hear of a company that sells for, say $10 million, most people assume that the founders are now multi-millionaires. Whether that’s true or not depends in no small part on how the liquidation preference clause was negotiated with outside investors. A liquidation preference is just a fancy way of describing in what order, and how the various owners of a business get paid in the event of a sale or bankruptcy. In its simplest form, in a company without any outside investors, if you owned 30 percent of the business when you sold, you’d get 30 percent of the proceeds after any outstanding bills are paid off. 5. Covenants Covenants, a legal term that just means promises, are things you promise to do (known as affirmative covenants) or promise not to do (known as negative covenants) as the manager of the business. Outside investors want covenants in the agreement as part of their investment because they’re entrusting you to take their investment and run the business in a proper way, without actually being there to check on you on a daily basis. Covenants can include all sorts of things, ranging from a high level requirement that you prepare and distribute monthly or quarterly financial forecasts for the business, to detailed requirements that you maintain certain levels of insurance protection. Any investor is going to want covenants in some form, and it’s not unreasonable that they do. Investment strategies are strategies that help investors chose where and how to invest as per their expected return, risk appetite, corpus amount, long-term, short-term holdings, retirement age, choice of industry, etc. Investors can strategies their investment plans as per the objectives and goals they want to achieve. Top 7 Types of Investment Strategies:#1 – Passive and Active StrategiesThe passive strategy involves buying and holding stocks and not frequently deals in them to avoid higher transaction costs. They believe they cannot outperform the market due to its volatility; hence passive strategies tend to be less risky. On the other hand, active strategies involve frequent buying and selling. They believe they can outperform the market and can gain more returns than an average investor would. #2 – Growth Investing (Short-Term and Long-Term Investments)Investors chose the holding period based on the value they want to create in their portfolio. If investors believe that a company will grow in the coming years and the intrinsic value of a stock will go up, they will invest in such companies to build their corpus value. This is also known as growth investing. On the other hand, if investors believe that a company will deliver good value in a year or two, they will go for short term holding. The holding period also depends upon the preference of investors. For example, how soon they want money to say to buy a house, school education of kids, retirement plans, etc. #3 – Value InvestingValue investing strategy involves investing in the company by looking at its intrinsic value because such companies are undervalued by the stock market. The idea behind investing in such companies is that when the market goes for correction, it will correct the value for such undervalued companies, and the price will then shoot up, leaving investors with high returns when they sell. This strategy is used by the very famous Warren Buffet. #4 – Income InvestingThis type of strategy focuses on generating cash income from stocks rather than investing in stocks that only increase the value of your portfolio. There are two types of cash income which an investor can earn – (1) Dividend and (2) Fixed interest income from bonds. Investors who are looking for steady income from investments opt for such a strategy. #5 – Dividend Growth InvestingIn this type of investment strategy, the investor looks out for companies that consistently paid a dividend every year. Companies that have a track record of paying dividends consistently are stable and less volatile compared to other companies and aim to increase their dividend payout every year. The investors reinvest such dividends and benefit from compounding over the long term. #6 – Contrarian InvestingThis types of strategy allow investors to buy stocks of companies at the time of the down market. This strategy focusses on buying at low and selling at high. The downtime in the stock market is usually at the time of recession, wartime, calamity, etc. However, investors shouldn’t just buy stocks of any company during downtime. They should look out for companies that have the capacity to build up value and have a branding that prevents access to their competition. #7 – IndexingThis type of investment strategy allows investors to invest a small portion of stocks in a market index. These can be S&P 500, mutual funds, exchange-traded funds. Investing TipsHere are a few investing tips for beginners, which should be kept in mind before investing.
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April 2022
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