"There's lots of bad reasons to start a company. But there's only one good, legitimate reason, and I think you know what it is: it's to change the world." - Phil Libin, CEO of Evernote
I consider entrepreneurship a noble venture because despite planning, organising and implementing ideas to produce a business that can yield profits, its is also imperative to underline the fact that it drives the economy of a nation. it creates jobs, improves and sustain lives of people in its immediate operating environment or the world at large.
However, of all start ups and SMEs which spring up globally in hundreds every month, only few really survive its first 3months. Less than 40% at approximate.
Several key factors which are responsible for this setback are;
1: Market problems related to business location
2: Failed business model
3: Poor management
4: Low and Insufficient capital
Of all these factors, low and insufficient capital, is most pertinent and crucial to the success of every business because, funds is not just required for startup but for sustainable, at least for a particular period of time even when most times entrepreneurs get other factors right.
Invox finance aims to create a steady cash flow for businesss through invoicing for timely profit maximazation both for sellers, buyers and investors using the blockchain technology.
ABOUT INVOX FINANCE
Invoice Financing is blockchain platform which enables businesses to sell off their invoices to investors at a discounted price to enable them meet up with funds required to run their business efficiently.
Invoice Financing serves three categories of interest parties
1: The Seller: He or she wants the maximum profit for his goods at a record time. Even after raising invoices for his/her services, there's fear that their might be delay in payment. But with Invox Finance, sellers are connected directly to the investors who will finance their invoice.
2: The Buyer: The buyer wants the lowest possible prices for services received but faces the problem of cash shortage, but he can have ample time usually (30 - 60days) to raise funds once a seller has acquired an invoice financing through Invox.
3: The Investor: Investors are those involved in the invoice financing business. Traditionally they don't have a direct relationship with the buyer which pose a great risk to them as invoice might not be paid as agreed but on Invox Finance Platform, investors will be granted access to the investments
INVOX TOKENS AND ICO
Invox token is a utility token distributed on the blockchain public ledger to give sellers who are required to pay a certain invox token to gain access to Invox finance platform.
The invox tokens will also be used to reward sellers, buyers and investors on the platform.
A total of 464 million invox have been premined with 55% available for sale at Ico. Tokens are available for sale to investors at special discounts.
To learn more about Invox Finance, kindly visit the website: https://invox finance.io
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