Business Finance
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You Need to Know How Selling Cheap also Could be Profitable
One plate Dosa at a restaurant costs Rs. 90/- which Uber Eats delivers to us at Rs.40/- This is a huge bargain for us. The question struck in our mind is how Uber eats and Swingy can deliver food at a cheaper price than the price we pay at the restaurant? We believe it as… Continue reading
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All Money Is Not Equal & Entrepreneurs Need to Know This
“We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate.” Robert Kiyosaki M/S ABC Enterprise is facing a liquidity crisis. The bank has sanctioned them working capital loan. In an emergency, they used the borrowed money by way of working capital… Continue reading
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Do Not Let Your Profit Figure Fool You
“Accounting is the language of business.” Warren Buffett Profit and Loss account shows the profit a business earns. But this could be illusionary if the entrepreneur is not aware of the accounting. Usually, companies play with the profit to satisfy the bankers and to evade taxes. This is a fine balance. For bank projected profit… Continue reading
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Dear Entrepreneurs, Cashflow Is Not Your Money
One of my known entrepreneurs used to enjoy a lavish lifestyle, bought a costly car, indulging in family foreign tours, and everything peripheral was also indicative of good business and profit. After one year, I came to know that he defaulted on bank loans. His account becomes NPA, and several private loans recovery issues cropped up. His… Continue reading
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CCC is the Ratio Every SME Needs to Focus On
Your heartbeat, blood pressure, cholesterol all levels you keep under check. Though competitive business atmosphere makes it difficult to keep all these health parameters under your control. One business ratio though can help you to keep your above health parameters in check. Most SME suffers from a cash flow crisis. This is their daily struggle.… Continue reading
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4 Reasons Why Entrepreneurs Need to Save
Story: Recently I saw a balance sheet of an entrepreneur whose business is doing a turnover of about US $ 15 mn and good profit. However, his personal Balance Sheet did not reflect any substantial investment other than his house. The loan of another entrepreneur known to me become NPA. He was making a reasonable profit for many years.… Continue reading
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