How to fund your new business

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August 3, 2022 in Billionaire

 How to fund your new business

Once you’ve got a great business idea and you’ve written out a plan, you’re going to need some funds to get started. How much you need will depend on the type of business you’re launching. 

How much capital will you need?
The amount of capital you need is going to depend on the type of business you’re launching. Regardless of your business, though, your startup costs are going to fall into three main categories.

  • Business expenses
    Your business expenses are your costs you’ll incur to operate your business. To start your business, this could include things like marketing materials, legal fees, any fees involved in registering your business, website costs, salaries and office rent. 
  • Business assets
    Your business assets are going to cost you money as well, but they’re tangible items of value that your business owns. This could include inventory, office furniture, equipment and vehicles.
  • Cash reserve
    Your cash on hand, or cash reserve, is money you actually have sitting in your bank account. Its purpose is to help see your business through tough times. Most experts recommend a cash reserve of between three and six months’ expenditure. It can be tempting to keep a large cash reserve, but just remember that every dollar you tie up in cash is a dollar you can’t use to grow and expand your business. 

Once you’ve figured out your startup expenses, startup assets and cash reserve, add these figures together and you’ve got the amount you’ll need in startup capital. Go ahead and add 10% to this figure to give yourself a bit of a cushion in the very likely event that some costs are more than anticipated.

What you’ll need to get started
Now that you have a good idea of how much capital you’ll need, you’re probably eager to start raising money. But before you jump into securing that sweet, sweet cash, there are a couple other details to get in order. After all, anyone investing in your business is going to want to know that you have a well thought out plan.

Business plan
Hopefully you read our previous email on how to write a business plan. If you didn’t, though, here’s a brief summary of what a business plan entails:

  • Value proposition: This is a summary of the solution you’re providing to customers, and what makes your solution unique.
  • Market research: Your market research should detail demand for your solution and your ideal customer demographic. It should identify the market you’ll be operating in and the opportunities in that market.
  • Funding: This is a summary of the funds you’ll require to get started and how you plan to use those funds.
  • Milestones: This identifies the major milestones your business plans on hitting, and an estimate of when you’ll hit them.
  • Resourcing: Your human resourcing should identify what roles you need to fill and profiles of the sort of staff you’ll need.

This is just a synopsis, and your business plan should go into detail on each of these points. 

5-year financial projections
Any investors you approach are going to want to see financial projections for at least the first three years of your business, and some may want to see up to five years. You should break your projections down month-by-month for the first year and then by quarter for the following years.

Your financial projection will take into account your expected sales minus your expenses. Be sure to be specific, showing how you’re pricing your product or service, the number of sales you’re projecting for each month or quarter and itemizing your expenses in detail.

Put your own skin in the game
If you’re in a position to finance your own business venture, that’s fantastic. Even if you can’t entirely finance your startup on your own, you should still put some of your own money into it. It sends a signal to investors that you believe in your idea enough to back it yourself.

Get a bank loan
Banks offer a variety of loans that could help you get your business running. This could be a personal loan, which is money lent to you rather than your business. It can either be secured by some sort of asset, or unsecured. The difference is that a secured loan gives the bank recourse to take possession of the asset in the event you default on the loan.

Get a grant
A grant is any sort of gift or subsidy bestowed upon an individual or organization for a specific purpose. Grant funds don’t have to be repaid.


There are a plethora of grants available for starting a business, but that doesn’t mean there are piles of money lying around for the taking. Competition for grants is fierce, so you have to make a very good case for your business.

Get a P2P loan
Peer-to-peer (P2P) lenders match borrowers with individuals or groups of individuals with money to lend. It’s a similar concept to crowdfunding, but with more sophisticated mechanisms in place to appropriately price for risk and return. 

Use a credit card
If you don’t have cash on hand and don’t want to worry about raising money from investors, you can use a personal credit card to finance your startup costs.

Seek out angel investors
Angel investors are high net worth individuals who invest money in business ventures. They can invest on their own or pool their money with other angel investors. They invest in return for equity in the business or convertible debt, which is debt that can be converted into shares in the company.

Pitch to venture capitalists
Venture capitalists represent groups of investors who pool their money to purchase equity in new business ventures. They differ from angel investors in that angel investors are investing their own personal funds, whereas venture capital firms represent investors. 

Crowdfund your idea
Crowdfunding is raising funds from a large group of people, usually using an online platform. It relies on securing small amounts from a large number of individuals.

Turn to friends and family
Pitch your vision to people you already know to raise capital for your business. You can offer them an equity stake in return for their investment.

Draw on your retirement
If you’re in the US, you can actually use your 401(k) to start a business. There are several ways to do this, but the best fit for startups is known as ROBS, or Rollover for Business Startups. This allows you to draw out your 401(k) or IRA funds to finance your business venture.

PayPal
PayPal Working Capital is a program that allows PayPal merchants to get a cash advance based on their total sales. It’s interest-free, but does come with a one-time fee.

Microloans
Microloans are small amount loans specifically for small businesses. While microloans started as a way to encourage entrepreneurship in impoverished countries, they’re now available to a wide range of entrepreneurs who need smaller amounts of capital.

Inventory and invoice finance

This is a type of finance, also called asset finance, that uses sales or stock to secure funding. Inventory financing uses physical inventory as collateral to establish a revolving line of credit. You can draw on this line of credit as needed, and you’re only charged interest on the amount you use.

Pre-sell a proof of concept
If you’re offering a product, particularly a software product, you can raise money through pre-sales. Then you can use this money to develop the product for wide release. This differs from crowdfunding because you’re offering a one-to-one exchange of goods instead of allowing people to contribute the amount they want, and you’re not required to hit a specific funding goal before receiving funds.

Keep it low cost
OK, we’re admittedly a bit biased, but this is our favorite option. You can keep your startup costs to an absolute minimum by identifying needs that you can fulfill using freelancers. And by absolute minimum, we mean less than $1,000 USD.

December 1, 2021 in Billionaire, Learning, Tips and Tricks

10 benefits of teamwork

  • Great ideas don’t come from lone geniuses
  • Diverse perspectives help you come up with winning innovations
  • Teamwork can make you happier
  • When you work in a team, you grow as an individual
  • Sharing the workload eases burnout
  • Dividing the work lets you grow your skills
  • Recognition from other team members can improve your productivity
  • Working in a team helps you take risks that pay off
  • When you work in a team, you’ll feel less stressed
  • Good communication boosts your creativity

December 1, 2021 in Billionaire, Learning, Tips and Tricks

क्या है टीम वर्क का अर्थ | benefits of teamwork in hindi

टीम का महत्व

अगर आप अकेले कितना भी काम कर ले मगर उतनी सफलता आपको उस काम में नहीं मिलेगी जितना आप अपनी टीम के साथ काम कर के कर सकते हैं। अकेले आप ज्यादा दूर नहीं जा सकते है। अकेले आप कुछ दूर तक तो दौड़ सकते हो मगर ज्यादा दूर जाने के लिए टीम की जरूरत होती है।

रचनात्मकता बढ़ाता है
सीखने को बढ़ावा देता है
टीमवर्क बूस्ट कॉन्फिडेंस
आप टीम वर्क के साथ स्पीड अप करें
टीम वर्क साउंड वर्क रिलेशनशिप को पूरा करता है
टीम वर्कर्स रियलिटी चेक हैं
टीमवर्क राजस्व उत्पन्न करता है

एक संगठन में टीमवर्क का महत्व

टीमवर्क किसी भी संगठन में महत्वपूर्ण है क्योंकि नीचे उल्लिखित कई कारण हैं:

  • यह कर्मचारियों को एक-दूसरे के साथ बंधन की अनुमति देता है
  • एक संयुक्त लक्ष्य की ओर एक टीम के रूप में सफलतापूर्वक काम करना सभी को बेहतर और सिंक में काम करने में मदद करता है
  •  टीम के सदस्यों के बीच जवाबदेही में सुधार करते हैं क्योंकि टीम के सदस्य एक दूसरे को निराश नहीं करना चाहते हैं
  • टीम के सदस्यों के बीच संसाधनों और जिम्मेदारियों का सहज आदान-प्रदान जो किसी भी परियोजना को आसानी से और कुशलता से काम करने में मदद करता है

” अकेले हम इतना कम कर सकते हैं, साथ में हम इतना कुछ कर सकते हैं ” – हेलेन केलर

” प्रतिभा खेल जीतती है, लेकिन टीम वर्क और इंटेलिजेंस चैंपियनशिप जीतती है ।” – माइकल जॉर्डन

” हम में से कोई भी हम सभी की तरह स्मार्ट नहीं है ।” -केन ब्लैंचर्ड

एक साथ आना एक शुरुआत है। साथ रखना प्रगति है। साथ काम करना सफलता है । ” -हेनरी फोर्ड

” अगर मैंने दूसरों की तुलना में आगे देखा है, तो यह दिग्गजों के कंधों पर खड़ा है ” – इस्साक न्यूटन

” टीमवर्क वह ईंधन है जो आम लोगों को असामान्य लक्ष्यों को प्राप्त करने की अनुमति देता है ” – बेनामी

November 24, 2021 in Billionaire, Over Heated

grade of employee

Are You An “A”-Grade Employee

A employee: These are employees who fully utilize their abilities, work experience, and act proactively to ensure they add more value to the firm and perform better than what is expected of them. Such employees want to learn and are highly motivated and incentivized in what they do. They go out of their way to get the job at hand done. They always strive to better themselves by adding to their productivity and application of their skills, which in turn, helps organizations reach higher levels of excellence year after year. Most employers dream of cultivating an army of such employees, who have the capability to take on a lot of responsibilities and who are able to test the limits of their abilities daily.

B employee: When the training wheels come off and the employee can manage to carry out their tasks effectively with minimal supervision, that is when an employee finally graduates to being a B Grade employee. Such an employee manages to add value to the firm, which is limited only to performing his or her duties at hand. Such employees become integral to the firm and become harder and harder to replace as their seniority at the firm increases. They either strive to reach a level where they do more than what is expected of them, or stagnate without adding value to the company and only work for their next paycheck.

C employee: Most new employees, who are new to the job market, start off as C employees. These employees are very raw and don’t contribute any value to the firm, as they are still ascending the learning curve and understanding how to effectively perform their duties. Generally speaking, most competent employees manage to graduate to the next level in about 6-9 months’ time (probation period) or they are weeded out from the organization accordingly. Such employees are easily dispensable in the beginning, and as a result they also have to bear a lot of bossing around/grunt work/hardship.

Organizations who really want to strive and be major players in any market, need to learn how to identify their A, B, and C employees, understand how to incentivize and motivate B-grade employees to become A-grade, and learn to weed out B- and C-grade employees who don’t graduate to A level status soon enough. The million dollar question now is: how do you make your employees A-grade in the first place?

Soa Technology

September 9, 2020 in Billionaire, News

Akshay Kumar turns 53

Bollywood actor Akshay Kumar is celebrating his 53rd birthday today. Celebrities, friends and fans have flooded social media with wishes for Khiladi Kumar. Good friend and collaborator Ajay Devgn was one of the first stars to wish him on Twitter. Neha Dhupia, Arjun Bijlani, Rakul Preet Singh, Rahul Dholakia and Dabboo Ratnani among others have also wished Akshay.

The actor will soon be seen in horror-comedy Laxmmi Bomb, which will premiere on Disney Plus Hotstar. The Raghava Lawrence directorial is the Hindi remake of hit Tamil film Kanchana. He also has Raksha Bandhan, Prithviraj and Atrangi Re in his kitty.

Akshay Kumar’s big-ticket film Sooryavanshi, which couldn’t release earlier this year due to the spread of coronavirus, is now expected to have its theatrical release during Diwali this year. The superstar is currently busy shooting for Bell Bottom in Scotland. A spy thriller inspired by true events, the film also stars Vaani Kapoor, Lara Dutta and Huma Qureshi.

Soa Technology

August 7, 2020 in Billionaire

Bernhard H. Mayer

Bernhard H. MayerBernhard H Mayer Black Stainless Steel Force Maximus Men’s Wristwatch 43MM

Product Information

Flaunt this well-crafted timepiece from Bernhard H. Mayer on your wrist and be ready to receive compliments. Swiss made, this Force Maximus comes in a stainless steel case held by rubber straps. Its rotating bezel has minutes markers in red, and the scratchproof sapphire crystal protects the black dial that has luminescent hands, minute and hour markers as well as a date window at the 3 o’clock position. The quartz watch is topped with a water resistance of 50 meters and a press fit stainless steel caseback with energy glass.

Soa Technology

July 6, 2020 in Billionaire, News

Buffett biggest loser among billionaires in 2020, sceptics cast doubts over his methods

All is not going well for Warren Buffett!

Despite a 40 per cent rally in US markets, where the legendary investor has most of the investments, Buffett is still the biggest loser for Calendar 2020 among the world’s biggest billionaires.

As per Bloomberg Billionaires Index, the wealth of Warren Buffett, Chairman of Berkshire Hathaway, has shrunk by about $19 billion (approximately Rs 1.4 lakh crore) this year. But he still remains the sixth richest person in the world with a net worth of $70.4 billion.

However, the blip in his fortunes may not matter to the Oracle of Omaha. But the sharp drop in his wealth and a number of his recent decisions that did not go his way have made a few of his followers and market analysts cast doubt over his strategy.

“Warren Buffett is no longer the icon that he was. In fact, he was most bearish and still is and he has missed the greatest rally in history. I will make no bones about it,” Sanjiv Bhasin, Executive Vice-President at IIFL Securities, said in an interview with ETNow.

Buffett has been a champion of value investing and encourages people to buy and hold stocks forever.

However, he himself was forced to offload a number of his big investments in the first quarter of this financial year, when the market was in a free fall.

Berkshire Hathaway sold its entire stakes in the four largest US airlines, as coronavirus stalled travel demand. Berkshire was among the largest investors in the four — American, Delta, Southwest and United.

Berkshire posted a net loss of close to $50 billion in the first three months of the year.

Ambareesh Baliga, an independent market expert who has worked with Karvy and Kotak Group in the past, said the investment strategy of holding a stock forever is outdated.

“Earlier, things changed over a couple of decades. Now the speed of change has quickened. Sectors or businesses that look good today may be outdated in less than a decade. So you cannot hold a stock forever and have to monitor it regularly to take a call,” Baliga told ETMarkets.com.

Berkshire owns all of Precision Castparts Corp, a supplier of aerospace parts that’s bracing for lean times as companies making jets are cutting production. Berkshire bought Precision Castparts in 2016 in a transaction valued at $37.2 billion, making it one of Buffett’s biggest deals.

The market’s focus is now more on growth stocks, felt some analysts. They cited the examples of stocks like Tesla, which has grown nearly three-fold in last six months even though it has never reported a profit. The company recently became the world’s most valuable carmaker.

Gaurav Sud, an IITian-turned-value investor who claims to have made money by investing in shares like Unitech and Ashiana, agreed with Baliga that trends are changing fast and holding a stock forever may not be a viable option.

“Buffett did not buy anything during the March meltdown. He likes to negotiate deals to his likings and perhaps there wasn’t much time for that. That was a missed opportunity for him,” Sud, Managing Partner at Kanav Capital, said.

Sud said Buffett’s style of betting on brands, for example Kraft Heinz, is being questioned now. “The biggest advantage with brands is customer recall and distribution. With e-commerce, distribution is no longer a factor and even a startup can compete with an established brand in that space,” he said.

Investors who follow Buffett’s style of investing also feel that the Oracle of Omaha may have become conservative in his bets due to his age. He is 89 now.

“Amid the circle, many people are saying given his age he doesn’t want to take risks. Wealth preservation for him is more important than wealth creation,” Sud said.

However, not everyone on Dalal Street has given up on the octogenarian investor. Nilesh Shah, Managing Director of Kotak AMC, said: “Even (Sachin) Tendulkar will get out on zero once in a while. That does not make him a bad cricketer. Warren Buffett is Warren Buffett, and I don’t think we would be able to say his strategy has not worked.”

Shah attributed the recent under-performance in Buffett portfolio to his disinterest in buying innovation-led businesses.

“In some sense, Buffett is all about businesses that are producing cash flows. In a world that is full of liquidity, many businesses have generated value based on innovation. He owns very few innovation-led companies. For example, he is a friend of Bill Gates, but he has never owned Microsoft. He did buy IBM and Apple, but they were insignificant given his portfolio weight. The world has given value to innovation, which Buffett probably missed out, as they were not generating cash flows in the initial years. For Buffett, probably return on equity is more important than burning capital to create value.”

source:economictimes

Soa Technology

June 29, 2020 in Billionaire, E-Commerce, Jobs, Tips and Tricks

Good news! Amazon India announces 20,000 seasonal jobs in customer service

Amazon India on Sunday said that it has opened close to 20,000 seasonal employment opportunities in its customer service organisation. Most of the positions are part of the firm’s virtual customer service programme that provides work from home options.

The new positions are open across 11 locations including Kolkata, Pune and Hyderabad.

The announcement comes a little over a month after Amazon created nearly 50,000 temporary job opportunities in the country across its fulfilment and delivery networks.

As coronavirus cases are surging in the country, consumers are increasingly resorting to online shopping to meet their consumption needs. After e-commerce firms resumed full operations in the country, companies registered a spike in consumer search for products like electronic items, home appliances, casual wear and other work-from-home enablers.

Launch of sale events by online firms may be an indicator of significant consumer demand. Amazon recently concluded a seven-day sale.

The creation of the fresh job roles come amidst expectations of a continued rise in demand going forward.

“We estimate that customer traffic will further scale up over the next six months with the onset of Indian and global holiday seasons,” said Akshay Prabhu, director at customer service, Amazon India.

Based on the candidates’ performance as well as business needs, a percentage of the present temporary positions are likely to be converted into permanent positions towards the end of the year, the company said.

Earlier this year, Jeff Bezos-led Amazon had announced that it plans to create 1 million new jobs in India by 2025 through continued investments in technology, infrastructure and its logistics network. Amazon’s investments have enabled nearly 700,000 jobs over the past seven years in India.

Soa Technology

June 29, 2020 in Billionaire

Sachin Gupta And Kavita Sugandh Achieve Blue Diamond Rank At QNET

Sachin Gupta and Kavita Sugandh from India have achieved the top rank of Blue Diamond Star.

This power couple are QNETs first-ever Blue Diamond Stars.

The Achievers Club was launched in 2012 showcasing 5 proud ranks: Bronze Star, Silver Star, Gold Star, Platinum Star and Diamond Star because QNET believes that there is a star in each and everyone of us waiting to shine.

in July 2017, two new ranks were introduced; the Sapphire Star and the Blue Diamond Star.

Sachin Gupta said success is not the destination, it is only a milestone before the next one. To achieve success, you need to have the millionaire mindset.

Kavita Sugandh said, when you meet people and talk to them about being part of a million-dollar project, you need to look like a million dollars yourself. What is the Millionaire Mindset?

Sachin describes it as not only believing in the importance of having money in your bank account but having the freedom to spend money with no fear of not having enough in the future.

This belief comes from the confidence that what you have worked for will keep growing. It is believing that you can enjoy life without having to look at price tags… be it for lifestyle or charitable purposes.

Put them together and what will you get? A power couple. Amazing inspirations. Leaders who lead by example.

He grew up in a middle-class family in a small town in Madhya Pradesh. He got himself an MBA and built his career in several business industries like banking, insurance and FMCG.

She worked for some big names in India, got tired of working for someone else and eventually started an HR firm where she was the jack-of-all-trades not because she loves her business a tad too much, but because she didnt have the money to hire people.

About QNET:

QNET, a prominent Asian direct selling company, provides a wide range of life enhancing and luxury products that are offered through its proprietary e-commerce platform to customers and distributors in more than 100 countries. The company also has over 25 offices and agencies worldwide, and more than 50 stockists, apart from localised operations or franchisees in a number of countries.

Established in Hong Kong in 1998, QNET is a member of the Direct Selling Associations in Malaysia, Singapore, the Philippines, and Indonesia. QNET is also a member of the Hong Kong Health Food Association and the Health Supplements Industry Association of Singapore, among others.

QNET is active in sports sponsorships around the world, including football, badminton and more, due to the companys strong belief that the drive, passion, and teamwork of sports mirror those of QNET. QNET recently signed a new and exciting partnership with Manchester City Football Club (MCFC), as its official direct selling partner for three years. For more information, please visit the QNET website at www.qnet.net

Soa Technology

June 16, 2020 in Billionaire

Where Do The Richest Americans Live?

Bill Gates, with a net worth of $81 billion, is ranked No. 1 for the 23rd year running. Meanwhile, his friend Warren Buffett fell to third place for the first time in 15 years with a net worth of $65.5 billion.

Facebook CEO Mark Zuckerberg jumped into fourth place, his highest rank ever, with a net worth of $55.5 billion. However, Oracle founder Larry Ellison landed at No. 5 for the first time since 2007. His net worth is $49.3 billion.

Standing on the No. 6 spot is former New York City Mayor Michael Bloomberg, CEO of the eponymous firm Bloomberg L.P., who has a net worth of $45 billion.

These six richest multi-billionaires have a combined $363.3 billion at their withdrawal, most of which is still held as stakes in the companies they founded. However, part of their fortune is vested in real estate. Mr. Gates, for one, owns a Washington mansion worth about $170 million, several horse ranches across the U.S. and shares in some luxury hotel chains through his private investment firm, Cascade.

Here, take a look at the residences the six richest moguls call home:

1. Bill Gates Worth: $81 billion Home: Medina, Washington

Mr. Gates, 60, spends most of his time at his 66,000-square-foot Medina, Washington, mansion, nicknamed Xanadu 2.0 after the title character’s estate in Citizen Kane. The mansion overlooks Lake Washington. It took Mr. Gates seven years and $63.2 million to build this house, which is filled with lots of high-tech features. He purchased the lot for $2 million in 1988, but it’s now worth an estimated $170 million, according to public records.

2. Jeff Bezos Worth: $67 billion Home: Medina, Washington

Mr. Bezos, 52, in the process of building his e-commerce empire, scooped up a vast amount of real properties over the years, earning him the No. 26 spot on The Land Report’s list of America’s largest landowners last year. In terms of residences, he has a 165,000-acre ranch in West Texas, a waterfront house in Washington state, three linked apartments in Manhattan’s Century Tower, and a 12,000-square-foot Beverly Hills estate that boasts Tom Cruise as a neighbor, according to Forbes.

His home at Medina, Washington, close to Amazon’s headquarters, boasts 5.35 acres and about 29,000 square-foot of living space. Aside from the main home, there’s also a caretaker’s cottage and a 4,500-square-foot boathouse on Lake Washington.

3. Warren Buffett Worth: $65.5 billion Home: Omaha, Nebraska

Although the shrewdest investor on earth holds multiple real estate investments, Mr. Buffett, 86, is known for living humbly.

His home sits on a corner in Omaha, Nebraska, which he bought in 1958 for $31,500. Mr. Buffett has lived there ever since. The house, originally built in 1921, underwent several expansions to make it a cozy and comfortable 6,500-square-foot home for the man who has a net worth of over $65.5 billion.

4. Mark Zuckerberg Worth: $55.5 billion Home: Palo Alto, California

The youngest richest entrepreneur docks most of his wealth in schools, health and other philanthropies. His real estate portfolio include his home in Palo Alto and a 9.9-million pied-a-terre near Dolores Park in San Francisco.

Mr. Zuckerberg, 32, purchased his first Craftsman-style 5,000-square-foot home in Palo Alto in 2011 for $7 million. He snapped up four of the houses surrounding his home in the following years for about $43.8 million to better keep his privacy. But his plan to tear down and rebuild those four homes has been stalled.

5. Larry Ellison Worth: $49.3 billion Home: Woodside, California

Oracle executive chairman Larry Ellison, 72, has an extensive real estate portfolio. He has bought up large parts of whole neighborhoods in Malibu and around Lake Tahoe. He owns a $70-million Beechwood Mansion in Newport, Rhode Island; a garden villa in Kyoto, Japan; and 98% of the land of Lanai, Hawaii’s sixth-largest island, which he purchased in 2012 for $500 million, according to published reports.

His estate in Woodside, California, with an estimated value of $110 million, is modeled after 16th-century Japanese architecture, complete with a man-made 2.3-acre lake.

6. Michael Bloomberg Worth: $45 billion Home: Manhattan, New York

Former New York City Mayor Michael Bloomberg, 74, has more than a dozen of properties worldwide. He spends most of his time at his Upper Estate Side townhouse, but he also owns estates in the Hamptons in New York, as well as in London, Bermuda, Colorado and Florida.

Mr. Bloomberg’s townhouse, located at 17 East 79th St., spans five stories with a limestone exterior. During his three terms as mayor, Mr. Bloomberg lived in the townhouse instead of Gracie Mansion. However, he apparently has a plan to turn it into a mega-mansion. Since 1989, he has been gradually buying up units at 19 East 79th St., the townhouse co-op that’s right next door to his current residence. Out of the six units in the white 1880 Greek-revival-style building, Bloomberg now owns five of them, according to The New York Observer.