The Ministry of Commerce & Industry India (MoCI) is encouraging startup entrepreneurship intending to boost the Indian economy. A startup entrepreneur needs to apply for the Startup India Certificate to be issued by the DPIIT (Department for Promotion of Industry and Internal Trade). Here is the registration process. Startup...
Read More
A Business Plan helps entrepreneurs to raise capital. It is the process of going through essential questions. It is necessary that your Business Plan meets your needs. There are two main categories of Business Plans: 1. Traditional Business Plan Traditional Business Plans are standard and comprehensive as well explained in...
Foreign Exchange, or Forex, refers to the conversion of a nation’s currency unit into another. The trading of currencies happens on global over-the-counter exchanges. This is an exceptionally large market. But it is not so just because of the trading interest of investors. This is because businesses are a...
The Foreign Exchange Management Act (FEMA) was a regulation brought by the Indian government in 1991 in order to regulate cross-border Forex Transactions. It replaced the much more stringent Foreign Exchange Regulation Act (FERA) and was aimed at fostering a more liberal economy in India. FEMA details the procedures...
Access to capital is a major challenge for companies, especially those in the micro, small, and medium enterprises sector. If a company really wants to widen its footprint, the traditional sources of finance like bank loans and lines of credit may not suffice. A business with a good bottom...
The finance function is considered the lifeblood of any business, and for good reason. It helps channelize the monetary resources required to run a business. Even if the core product or service of a business is not related to the financial world, this function plays a crucial role. Its...
The better you know about your finances, the better you get at managing your business. Everyone knows how to calculate profits, but just focusing on it can be deceiving, as profits do not signify profitability. Profit is the amount left after deducting expenses from revenue, and profit margin is...
Financial Analytics has become a great tool to gain an edge over your competition. It involves using the database available with a company and drawing insights. These insights can be related to various aspects like the state of finances (internal) and segment-wise study of sales of product or service...
One of the smartest moves to build a healthy business is managing and improving cash flow. According to Business Insider, approximately 82% of the businesses or startups fail to survive due to the problems in cash flow management. Cash flow has a dramatic impact on the business and problems...
“The more you know about your company, the better decisions you can make.” Budgeting and forecasting are the most important parts of financial planning, regardless of the size of the business. Inaccuracy or inefficiency in this can lead to huge losses or even failure in the business. Here are...