Working Capital

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 of working capital all are very important aspects of the … Continue reading All You Need to Know About the Working Capital and Business Success

Wealth Creation

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 of curiosity, they checked the share price of their holding … Continue reading 3 Things You Need to Know About The Wealth Creation From The Stock Market

Secured NCD

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 by way of charge on assets created by the company … Continue reading When Secured Investment Becomes Unsecured & Risky

Art of Spending Money

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 between what you earn and what you spend. Therefore the … Continue reading Do You Know The Art of Spending Money?

Books of Accounts

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 is good practice. It is one of the key aspects … Continue reading Why is Maintaining Books of Accounts Important for Employees?

RBI ECB Guidelines

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 given by the entrepreneurs to these intermediaries in the hope … Continue reading What You Need to Know about ECB for NPAs and Start-Ups?

Excess cash Kills

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 share price reached below par. Since the share price was … Continue reading How Can Excess Cash Kill Your Business?

NPA

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 solemnized with the help of close family members. This is … Continue reading Is Your Business Suffering from Financial Cancer?

Life Insurance on Home Loan

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 the new homes in India are bought with the help … Continue reading How to Double Your Joy When You Buy A New Home?

Opportunity Cost Decision Making

You Need to Know This Important Concept For Better Decision Making

When you opt for Cake against Ice-cream, you have sacrificed the experience of eating ice cream. When you opt for Watching TV over outing, you have sacrificed an enjoyable outing experience. Every day and in several matters, we choose one over the other choice. The choice we sacrifice in favour of the choice we make is the opportunity lost. This is why it is called Opportunity cost. This is … Continue reading You Need to Know This Important Concept For Better Decision Making

Fixed Deposit

All You Need to Know about Fixed Deposits

Indian stock market like the global stock market is unpredictable. There are hardly any safe investment instruments. Investors who are risk-averse want to invest in risk-free instruments. They believe fixed deposits are the best instrument to invest. Fixed deposits are accepted by various types of entities in India. But are the Fixed deposits really safe? Here I present some of the important facts you need to … Continue reading All You Need to Know about Fixed Deposits

Why Life Insurance

The Important Role of Life Insurance Plays in Your Life

Do you know about the significant role life insurance plays in your life? Yes, it does play a very significant role for your entire family. Life insurance touches every close relationship in your life. Your financial worries whether it is for your children or your parents or even your own, life insurance has the solution to cater to all your worries. “You don’t need to … Continue reading The Important Role of Life Insurance Plays in Your Life

Financial Literacy

Know Why Financial illiteracy Could be Extremely Dangerous

Financial Literacy is very important literacy but ironically is not given the importance it deserves in our education system. “One of the reasons the rich get richer, the poor get poorer and the middle-class struggles in debt is because the subject of money is taught at home, not at school.” Robert Kiyosaki, Educational Entrepreneur. According to Organization for Economic Cooperation and Development (OECD) “financial literacy as a … Continue reading Know Why Financial illiteracy Could be Extremely Dangerous

Review of LIC Policy

Why Should You Periodically Review Your Life Insurance?

 “I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” Jimmy Dean You can’t change the life events happening to you but you can change the life insurance appropriate with the life events. The investments in the Life Insurance Policies are not a one-time event. Your need for life insurance cover changes every few years. If you ignore … Continue reading Why Should You Periodically Review Your Life Insurance?

Key to Business Success

The Key to the Financial Success of Your Business

Every company aspires to become like Apple. Customers shall queue outside the store before the store opens, pay a premium price, wait eagerly for the next model, spread word of mouth, the product is a prestige symbol, huge company net worth, and mega market cap. To become Apple one can’t, ignore what Steve Jobs believed and said in the following quote. Customer Experience (CX) is … Continue reading The Key to the Financial Success of Your Business

Online Scam

9 Online Frauds You Need to Know to Avoid Losing Money 

Today I received an SMS from sbiccpay.com stating that my SBI Card reward point is expiring today. the message contained a clickable to redeem the points. Here is a screenshot of the site. They are asking not only email ID but email password and credit card CVV number and date of birth. With these details, they can use your email, use your credit card. It … Continue reading 9 Online Frauds You Need to Know to Avoid Losing Money 

Income tax return Filing

Important FAQs You Need to Know Before Filing Income Tax Return

“I like to pay taxes. With them, I buy civilization.” Oliver Wendell Holmes Jr. 31st July is the due date of filing an income tax return for individual taxpayers. Here are some important FAQs for the benefits of taxpayers. Benefits of Filing Income Tax Return? ​​​​Apart from this being your duty and legal obligation, your income-tax returns validate your credit worthiness before financial institutions and make … Continue reading Important FAQs You Need to Know Before Filing Income Tax Return

Ask Financial Planner

What You Need to Ask Your Financial Planner?

“No one is dumb who is curious. The people who don’t ask questions remain clueless throughout their lives.” Neil deGrasse Tyson. Knowing the competency and independence of the professionals we work with is important. Usually, we go to doctors or chartered accountants referred to us by someone known to us. With the opening up of the financial sector in India, we have plenty of investment … Continue reading What You Need to Ask Your Financial Planner?

Capital Structure

You Need to Know How Capital Structure Affect Your Profit

“Don’t spend Capital competing with people who are spending Profits.” Moffat Machingura The source of money you invest is very important. Do you do your business with own money or borrowed money?  Well, when you started the business, whatever source the money came from was welcome. But this has an impact on your business. The capital structure simply means the sources of money a company … Continue reading You Need to Know How Capital Structure Affect Your Profit

Economics Literacy

7 Important Reasons Why You Need to be Economics Literate

Our ignorance is limitless. We, the souls are ignorant about the theory of Karma governing every soul, We the Soul living in the body do not know how our body works.  Our body does economic activity most of the active life, but we do not know how the economics works. “In our time, the curse is monetary illiteracy, just as inability to read plain print … Continue reading 7 Important Reasons Why You Need to be Economics Literate