Every business needs money to function on a daily basis. No matter how small the business is, there will be something it needs that comes at a cost. This is why businesses primarily focus on growing their customer base and increasing profits. However, this isn’t always easy, so what do you do when sales aren’t going so well, and you aren’t making as much as you hope to? Having said that, you may be thinking…
[This article is a part of our First Person series, in which entrepreneurs and professionals talk about their lives, jobs and careers.] I would say I am an accidental entrepreneur. I got a chance to start my entrepreneurial journey with an analytics company Marketelligent and became a minority partner with two well-known people in 2007. Eventually along with my five friends in 2009, I started Simplify360 which is currently the market leader in Digital analytics in our…
If you are considering getting a loan for your business, you probably want to know your chances of approval beforehand, right? The key to understanding your chances of getting a loan approved is to determine your debt service coverage ratio. This ratio is used by lenders to forecast the likelihood that you would be unable to pay your loan on time with your current finances. To make things a little more complicated, there are two types of debt service…
According to a recent GEM Global Report, more than 100 million startups launch every year. That is approximately three startup companies per second. Millions of people across the world are taking a stab at launching their dream business, but sadly 90% of them will fail. If you want to ensure you fall into the successful 10%, you must do everything in your power to launch a profitable company. To help you on the path to…
The latest statistics confirm that traditional offices are on the way out. In fact, there are already 15 million freelancers in India. The only country that currently has more freelancers is the United States. Across the globe, these numbers are projected to rise as traditional forms of employment (e.g. consistent paycheck, one employer) begin to dwindle. While the laptop lifestyle has many significant benefits, it also has several big obstacles. One hurdle that contract employees are learning…
If you’re currently organising any type of business event — whether it’s a networking event, industry conference, expert seminar or a workshop for your employees — make sure that you’re doing it in a sustainable way. Why Should You Switch to Sustainable Event Management? If You Host B2C Events When you’re hosting an event, it’s important to consider your customers’ needs. Customers care about sustainability — and they like it when you do…
Could your personal brand use some work? These six strategies cost virtually nothing to deploy and work in just about any industry. It’s high time you gave them a try — because no one is better positioned to tell your story than, well, you. Learn How to Network for Mutual Benefit Networking is a two-way street. “Poor networking methods generally derive from a ‘me-against-the-world’ attitude,” writes CareerCast senior columnist Taunee Besson. In…
Startups have an alarming failure rate. In fact, 8 out of 10 businesses die within a short. After launch. Many people believe that if they have a great idea for a business, they can turn that into a reliable revenue stream without much effort. However the reality is far from this state of affairs. Launching a startup and finding a consistent source of new business is a tremendous challenge and many miss the mark. Here…
There will come a time when you feel ready to expand your services and improve the way you do business. To make this successful, India’s companies are on the rise as retail is anticipated to grow from Rs 3,400 crore (U.S. $600 million) to Rs 4,30,000 crore (U.S. $76 billion) by 2021, based on reports by Technopak Advisors. In addition, the logistics industry is approximately $160 billion and is expected to hit $215 billion by 2020, according to the…
It seems like VR has been coming for years now. We just keep on seeing it in news, blogs and social media, but feels like it never really came. However, the truth is quite opposite. It came and still is getting better into its own, it’s just that it’s not part of the lives of common folks like smartphones. Even though it’s not as common as phones but anyone can buy a VR headset compatible with…