Scene: INT: Pavilion Mall in Pune – 1st Jan 2020, Eve. Several mega-brand stores were witnessing encouraging footfalls. We visited a couple of stores. There were plenty of products and brands on display. Most of the products we never used were attractively placed. It was tempting to buy several of them. We didn’t buy any but decided to buy some of them as and when the occasion … Continue reading Isn’t Buying Unwanted Things a Social Crime?
Mergers, acquisition, sell-off, buy out and takeover are common with large businesses and start-ups. Every now and then we read this news. However, there is no such large market for SME businesses. Selling a business is a good option in several circumstances. Holding on to it for emotional or non-strategic or non-financial reasons is not a good decision. A simple one-liner is when you can’t … Continue reading Are You the Best Owner of Your Business?
“Only the paranoid survive.” Andy Grove, former CEO of Intel Every entrepreneur is out in the market to grow his / her business. Once you wear a hat of an entrepreneur, your vocabulary has some fixed words like capital, payment, customers, deal, business, growth, loan, market, marketing, and sales. Check what you speak every day and on every occasion. You become a 24 X 7 entrepreneur. … Continue reading Do You Know You Are One Of The Hindrances To Your Business Growth?
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
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?
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?
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?