“Outsourcing” refers to the practice by which one company hires another company to perform a service or process which would traditionally have been performed in house by the company’s own employees.… Read More
9 Ways a Startup Should Plan for the Next Financial Year
The new year opens up the door for multifarious new opportunities. Planning ahead of time is non-negotiable for any progressive business firm. Especially when the business is just sprouting, it becomes vital to plan for the new fiscal year in advance.… Read More
Financial & Legal Compliance Checklist for Startups to Focus on During The Lockdown
For majority of the startups, Financial and Legal compliance has always been the least of the priorities because founders either do not have the time or do not want to focus on it.… Read More
COVID 19 – ECONOMIC MEASURES BY INDIA
The Corona Virus pandemic has caught the world in a tight grip impacting not just human life, but toppling the world economy as well – all in just a matter of a few weeks.… Read More
Recent Amendments to the Companies Act 2013
Company administration is the responsibility of the Ministry of Corporate Affairs (MCA) of the Govt. of India. The MCA introduces amendments to the Act (recommended by its various committees) which are then cleared by the Parliament via the Amendment Bill or Ordinance route before coming into force as law.… Read More
8 Tips To Boost Your Bottomline
When you are just starting up and new in the race, you focus extensively on adding more customer base and increasing sales. However, even the wisest of the wise tend to lose sight of the actual profit margins.… Read More
Cash Burn
WHAT IS CASH BURN RATE?
Cash Burn rate is the rate at which a company is losing money, typically, the amount of money that the company loses in a month. Say a company spends Rs 500,000 in a month (this includes all costs – operating costs and the COGS which is the cost of making the product or service that it is selling) and earns a revenue of Rs 100,000 in the same period; then the cash burn rate for the company is Rs 400,000.… Read More
What Makes Up The Cost of Services In A SAAS Company
Software as a Service (SaaS) is a software distribution model in which a third-party provider hosts applications and makes them available to users over the internet. SaaS has in recent times revolutionized how software is consumed in a cost-effective, flexible way.… Read More
Union Budget 2020-21 – Impact on Startups
Union Budget 2020 aims to boost the regressing Indian economy. Its thrust is on protecting domestic industries and accelerating economic development and growth. The small business could cheer as the new budget aims to encourage domestic production/consumption of goods across various sectors with Custom duty rationalization.… Read More
7 Financial Tips To Increase Profits of Your Startup
Growing a small business takes a lot of hard work, sweat and sleepless nights. Most startup founders ponder on how to increase the profit their start-up makes month on month .… Read More
