“The number one problem in today’s generation and the economy is the lack of financial literacy.” Alan Greenspan Alan Greenspan is not true for personal finance but he is also right for entrepreneurs. Entrepreneurs whose success is determined by financial performance many times do not understand the nitty-gritty of finance. According to a recent survey by the National Financial Educators Council Americans… Continue reading Not Knowing Financial Ratios Can be Fatal for Your Business
Among all the planning you do Financial Planning is perhaps the most important but mostly ignored planning exercise. Financial Planning requires you to consider planning about your life. It entails considering budgeting, savings, investments, taxes, insurance, retirements, and important life stage planning like children education, marriages, etc. It is an exhaustive process. But it is… Continue reading You Need to Know 4 Aspects of Personal Financial Planning
One plate Dosa at a restaurant costs Rs. 90/- which Uber Eats delivers to us at Rs.40/- This is a huge bargain for us. The question struck in our mind is how Uber eats and Swingy can deliver food at a cheaper price than the price we pay at the restaurant? We believe it as… Continue reading You Need to Know How Selling Cheap also Could be Profitable
There are 100 reasons why you should exercise. There are 50 reasons you should save money. How many reasons are there to invest in a life insurance policy? "There are worse things in life than death. Have you ever spent an evening with an insurance salesman?" Woody Allen: People have many reasons for what they… Continue reading 21 Reasons Why People Buy Life Insurance
“We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate.” Robert Kiyosaki M/S ABC Enterprise is facing a liquidity crisis. The bank has sanctioned them working capital loan. In an emergency, they used the borrowed money by way of working capital… Continue reading All Money Is Not Equal & Entrepreneurs Need to Know This
A good Financial Planning also takes care of wealth distribution to the next generation. You invest in a life insurance policy to protect your family member after your death. You make a WILL to make their lives easy after your death. You also make a WILL to distribute wealth in a fair way. You make a WILL to… Continue reading Why You Need to Make a Will?
“Accounting is the language of business.” Warren Buffett Profit and Loss account shows the profit a business earns. But this could be illusionary if the entrepreneur is not aware of the accounting. Usually, companies play with the profit to satisfy the bankers and to evade taxes. This is a fine balance. For bank projected profit… Continue reading Do Not Let Your Profit Figure Fool You