Every business, small and big, should have a profit plan in order to drive the business towards success. Such a plan is even more crucial for new small businesses because it will help them stay on track and not fail midway. When you plan for profit, it helps you understand the various factors that contribute to your success. It will…
For many decades, Indian MSMEs have implemented their business transactions in a traditional manner. This has extended to all avenues of their business, whether it be marketing, daily operations or using cash as the mode of financial transactions, including receiving payments from their clients and paying their suppliers and buyers. Cash has not only been the favoured medium of transaction,…
Could you ever imagine that debt and taxes can make smart entrepreneurs rich? It is not about career opportunities, earning potential or being rich or poor, it is purely financial education. Why do you think some businesses take huge amount of debt and are easily avoiding taxes legally and ethically, while others constantly struggle with it? Get to know how…
Launching your company after creating an innovative service or product that people would like to buy is the initial step of your business. What to do to take the next step of spreading the word about your business or to promote your product? Irrespective of how innovative and the useful product you offer to the world, you cannot survive and…
It might be one of the most grueling tasks anyone can imagine of initiating – A startup. It may sound very profitable and exhilarating but is something that requires a lot of effort. This can be termed as one of the most difficult things an entrepreneur can deal with. Below are some of the tips that can help you with…
Swift year-over-year growth is every entrepreneur’s dream. Ideas into plans, plans into products and products into the market; you dream big every single day. But, let’s be realistic here. Most of the time, the growth of business comes with strategic challenges. Some entrepreneurs struggle with meeting the obstacles in the growth of their businesses. You may have to cut some…