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21 Reasons Why People Buy Life Insurance
There are 100 reasons why you should exercise. There are 50 reasons you should save money. How many reasons are there to invest in a life insurance policy? “There are worse things in life than death. Have you ever spent an evening with an insurance salesman?” Woody Allen: People have many reasons for what they… 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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Why You Need to Make a Will?
A good Financial Planning also takes care of wealth distribution to the next generation. You invest in a life insurance policy to protect your family member after your death. You make a WILL to make their lives easy after your death. You also make a WILL to distribute wealth in a fair way. You make a WILL to… 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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Why You Need to Know Two Laws of Economics Marketers Use
“An economist is a man who knows a hundred ways of making love but doesn’t know any women.” Art Buchwald. You might not have studied Economics in school or College. You have studied Derivatives and Integration. The reality of our education is most of us who have studied Derivatives and Integration never used it throughout… 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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What Women Need to Know About Family Finance?
Do you know you can do nothing after your death? “No one here gets out alive.” Jim Morrison Therefore, financial planning for your death must start when you are alive. It may sound unkind, but death is the ultimate future of every living being. If you plan better it is good for your spouse, if… Continue reading
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Economy, Union Budget, and Your Ignorance. What You MUST Know?
“Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity.” Martin Luther King, Jr. Most of us are only interested in tax rates as far as the Union Budget is concerned. However, there is more to the budget which impacts our life. Tax rates are only a part of the overall impact.… Continue reading
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