Newsletter

Bank Nifty Index NSE: List of top constituents & weightage

Bank Nifty represents the 12 most liquid and large capitalized stocks from the banking sector that trade on the National Stock Exchange (NSE). It provides investors and market intermediaries with a benchmark that captures the capital market performance of the …

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Best ways for entrepreneurs to manage money

As an owner of a small business, you might have many challenges and among all, money management is one of the biggest sources of struggle. Managing your money effectively is essential because it is the key to business survival. Improper …

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Realistic Ways To Fund Your Startup

A startup might require funding, especially when they grow larger and scale their operations. Financial investment is needed in a company for product development, manufacturing, expansion, sales and marketing, office spaces, or inventory. As an entrepreneur, you must be clear …

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Key traits of successful entrepreneurs

Entrepreneurs discover opportunities throughout their personal and professional lives. Successful entrepreneurs have a sense of curiosity, they are optimistic and self motivated face new challenges and open to new ideas that allows them to continuously seek new opportunities. There’s no …

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Tofler on when to say No to your customers

The ability to say ‘No’ is a superpower. It helps us focus. Self-improvement books repeatedly cite this principal for personal growth. This principal equally applies to businesses as well. Every business prepares a strategy or view on which markets and …

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Lack of effective middle management delays problem solving – what can be done?

In our conversations with businesses, we find that a lot of them struggle with building an effective middle management team. They say that managers lack the initiative or the courage to take timely actions and solve the operational issues. Issues …

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How SME retailers can revive and thrive in the post lockdown world

The Central Government has announced unlock phases. Shops are now allowed to open in most parts of the country. People have started stepping out, though cautiously. Gradually, we are learning to live life in this new normal. However, there is …

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Whether Covid-19 has pushed us into future and what businesses can do about it?

Last few weeks have been difficult and different. We have been forced to try new way of things. Life has not stopped. We are taking both education and hobby classes online. We are working through technologies that enable online video …

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Evaluate your supply chain to optimise costs under COVID-19 situation

As we mentioned in our last email that cost optimization is critical at this time. This is the time to be frugal. Remove all the flab and be lean and efficient. Focus on your core business. Bad costs (unnecessary spending, …

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How to optimise costs for better cash management under COVID-19 situation

Our Prime Minister has announced extension of the lock-down until 3rd May. The government will start allowing some activities from 20th April, in the areas which are virus safe and have no cases. Experts believe that lockdowns will …

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Addressing issue of salary expenses in the COVID-19 situation

As we mentioned to you in my previous mail, we are looking into ways to deal with the economic impact of the COVID-19 lock-down. The first question we are addressing is: How to deal with salary expenses? Should we lay …

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How can businesses deal with the economic impact of COVID-19?

We are writing this article to help small and medium sized businesses like us to deal with the adverse economic effects of COVID-19 situation. As we all realize, we are living in vulnerable and uncertain times. The 21-day nationwide lockdown …

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How 3 simple vendor checks helped me avoid fraud

Some of us evaluate a vendor before entering into a transaction. Some of us don’t. Many times it is difficult to get any useful information on that vendor. Things work by word of mouth until they go bad. Broadly …

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3 things you should check before meeting a client

‘Know your customer’. It is one mantra that we hear repeatedly for successful sales closings. No secret about it. But what and how? We have enumerated 3 essential things that should be checked to prepare for a sales meeting. The …

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3 essential things to check before your lend personal money to SMEs – Part 1

Lending has been a way of life in India. It is routine for us to lend money to businesses run by our relatives, friends or their friends. However, many of us have also been burnt in the process. Whether you …

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An easy to way to understand any credit rating issued to a business

Broadly speaking, credit rating is an assessment of the creditworthiness of a business. A good credit rating means strong financials and a high likeliness of paying off financial obligations timely. There are about 6 credit rating agencies in India …

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How to study your competition in 5 easy ways

Make a list of competitors: Yes, that’s the starting step. Make sure you have chosen competitors of similar size. In case you don’t know your competitors, ask your customers who else they compared you with. Google, IndiaMart, JustDial, and …

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How to evaluate a startup for investment purpose

Background check of the founders: Evaluate the experience and educational background of the founders and the core team. Try to get references if you can. Do they have any experience in the problem they are aiming to solve? How …

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How you can make your business survive longer

I recently came across this term ‘Shinese’ – a word used to refer to long-lasting companies. Interestingly, about 90% of all businesses worldwide that are more than 100 years old are Japanese. They all have fewer than 300 employees. They …

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Profits or Valuation?

I often wonder about the new economy, new kinds of businesses, massive funding rounds for some of them and valuations. Infact, we all do. Are we missing something? How did these young companies become the world’s biggest companies so soon? …

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Why is it important for you to understand your business’ financial statements

For a lot of businesses owners, preparing annual financial statements is a compliance formality to be fulfilled. Typically, this is how it goes – The senior accountant works with the auditors and replies to the queries. The accounts and the …

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3 things you should check before meeting a client

‘Know your customer’. It is one mantra that we hear repeatedly for successful sales closings. No secret about it. But what and how? We have enumerated 3 essential things that should be checked to prepare for a sales meeting. The …

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2 important checks to carry on your customers every year to prevent bad debts

We all are vaguely aware of the concept of vendor assessment. However, customer assessment is a lesser-known concept. Because who cares to know more about a customer? He is business and one never lets go of the business, right? However, …

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How 3 simple vendor checks helped me avoid fraud

Some of us evaluate a vendor before entering into a transaction. Some of us don’t. Many times it is difficult to get any useful information on that vendor. Things work by word of mouth until they go bad. Broadly speaking, …

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5 essential checks of your vendor onboarding process

The vendor onboarding policies and thoroughness of due-diligence depends on several factors like the size of your organisation, criticalness of a vendor to your business, size and nature of transaction, etc. However, these are five essential checks you should always …

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