Strategies to Avoid Delinquency of Accounts

In this age of global competitiveness, small business owners are often faced with a dilemma of selling on credit to various buyers. While selling on credit may offer its share of business development opportunities, it can very easily turn into a vicious cycle of default and delinquency.

Tracing the Impact Investing Trend in India

With the evolution of investment practices in this era of financial freedom across the globe, a new investment tool - impact investing has been slowly and steadily finding its feet allowing for the best of both the worlds. Simply speaking impact investing is the name for strategic investment opportunities enabling investors to gain by investing capital in businesses that can generate financial returns and also helping a larger social incentive like a social objective or an environmental cause. Impact investing as the name suggests allows for mutual growth of business financially as well as social objectives and responsibilities for a larger cause.

Gearing up for Financial Planning

I am sure you would have read with interest the entire case study, in my previous article, (The importance of Financial Planning & Management) of our friend Mr.X in printing business and his Accountant Mr.Y.

In this article, I propose to share with you critical aspects of Financial Planning & Management – particularly from a Small & Medium Enterprises / SME Owners’ point of view and why most of the time they painfully fail.

What do you think where Mr.X has gone wrong?

The importance of Financial Planning & Management

The other day, I received a phone call from an Entrepreneur (Mr.X), having a business of printing wanting to discuss his financial difficulties and to seek advice on the proposed solution. I gave him an appointment two days later in the evening so that we can discuss in one sitting the entire situation.

He came at the appointed day and time with his Accountant (Mr.Y). We got down to the business.

Firmly Financial Guru

Prashanth Unni exudes confidence and an air of quiet efficiency. Mr Unni had a warm and endearing smile that brought a twinkle to his eye and after making the Small Enterprise India team comfortable, he launched into sharing with us his success story.

Prashanth Unni is basically from Aroor, an idyllic town in Ernakulam district of Kerala but has opted to settle in Chennai. On completion of his graduate studies in commerce, he went on to major in financial management from the University of Pondicherry. On completion of that, he went on to work for Srei Infrastructure for a period of five years, from 1993-1998.

Raising the Funds for Start Ups

By Vandana Goel

Raising the funds is an essential aspect to start a business. Any great idea and well written business plan would not work without start up capital. For most entrepreneurs, funding is the key when starting a small business. In reality; it is not easy to get funding. You must need to prove yourself first before anyone can be able to lend you that kind of money.

Year-end Financial Tips for Small Businesses

Year-end Tips for Small Business- By Vandana Goel

1. Update Your Accounting: It's important as part of your year-end tax strategy to have a good understanding of your company's financial situation. Spend extra time ensuring your books are up-to-date and accurate. It won't hurt to plan time with your accountant for year-end advice, particular to your operations.

Brushing up Financial Know-How, Key to Success

Despite the recession blues, Indian banks and financial institutions (FIs) are sitting on mountains of money. Yet they slam doors on majority of small and medium entrepreneurs. Shocking, but they cannot help it.