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All You Need to Know About the Working Capital and Business Success
Working capital mismanagement is one of the main causes why a small and medium business fails. This is also one of the main causes of industrial sickness. Working Capital is considered lifeblood of any business. Understanding the key data affecting working capital, how impacts the business, how it can be better managed, what are the sources of working capital, cost… Continue reading
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3 Things You Need to Know About The Wealth Creation From The Stock Market
Imagine your parents had invested rupees 1 lakh when you were born in 1993. Then they were busy in your upbringing, education, and managing own career. They forgot about the shares. Last year when you completed your studies and got the first job they found the share certificates of the investments made in 1993. Out… Continue reading
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Family Business Survival – Why Is it Mandatory to Invest in Start-Ups?
“If you are renewed by grace, and were to meet your old self, I am sure you would be very anxious to get out of his company.” Charles H. Spurgeon We remember renewing our health insurance policy, vehicle license, PUC certificate, passport, business license if any but we have never thought of renewing the self and… Continue reading
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When Secured Investment Becomes Unsecured & Risky
“Financial education is more valuable than money.” Mac Duke The Strategist Your secured investment can become unsecured. Yes, do not be under the impression that investment which marketed to you as secured will always remain secure. The case in study is secured non-convertible debentures (NCD) issued by NBFC DHFL. But it applies to all the secured NCDs. The debentures are secured… Continue reading
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Do You Know The Art of Spending Money?
Do you want to create wealth? Do you find it difficult to control your spending? Are you looking for ideas to spend less and save more? Read on this post. Here we have shared 8 ideas to spend less and save more. The wealth is created by investing what you save. What you save is the difference… Continue reading
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Why is Maintaining Books of Accounts Important for Employees?
Maintaining books of accounts is not just a requirement for entrepreneurs but it is also a necessity even if you are a salaried employee. “Accounting was the course that helped me more than anything.” Julian Robertson Yes, accounting is an important part of managing your finances. The reality is accounting is mostly ignored. Maintaining personal books accounts… Continue reading
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What You Need to Know about ECB for NPAs and Start-Ups?
Borrowing in foreign currency from an external source is a restricted activity governed by RBI. For many years now I have met many entrepreneurs asking me to help cheaper money from a foreign source. Most of the entrepreneurs were not aware of ECB guidelines and therefore most were cheated by financial intermediaries. Huge advances were… Continue reading
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How Can Excess Cash Kill Your Business?
Cash is King but it also kills. One of the companies hit the market with an IPO. Their Merchant banker advised them to raise more money than required. The issue was subscribed. Excess money they invested in unrelated business. That business could not succeed. The return on share capital could not match the market expectations. The… Continue reading
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Is Your Business Suffering from Financial Cancer?
Mr. X, who was once a very dynamic entrepreneur engaged in the pharmaceutical business, is now under depression for many years. Family expenses and cost of two daughters’ education was borne by other close family members. His wife was doing some domestic work until both daughters completed their studies. Marriage of both the daughters was… Continue reading
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How to Double Your Joy When You Buy A New Home?
Buying their own home is a dream for most of the people on earth. Out of the three basic necessities Food, Clothing and Shelter (Roti, Kapada Aur Makaan as we knew it), fortunately, two can be bought without a loan. But buying a home without a loan is another dream. With so many home finance companies and banks offering home loans, most of… Continue reading
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