The Ministry of Corporate Affairs (MCA) publishes the data of newly incorporated Companies and Limited Liability Partnerships (LLP) on a real-time basis through Company Master Data and Directors’ Master Data respectively. When you incorporate your company, your data is also published on MCA Website (mca.gov.in). The entrepreneurs incorporate their company with a vision to get new business. While they are…
Most of the Business Consultants, Management Consultants or even Business Owners consider Production, Marketing, Servicing and Finance as core areas of business. In my 25+ years of being an Accountant I have hardly heard anyone saying that Accounting it the backbone of any business. Being in the Accounting Services profession for more than 25 years, I can tell you that Accounting is the…
Many businesses across the world have taken some tangible steps inspired by the recent shift in customer behavior due to COVID-19 pandemic. We looked at how the big companies are shifting their business models and what the SaaS companies are doing to protect their business during the pandemic. Your best defense is to monitor your cash flowing out of your…
Around half of the businesses fail or shut before their fifth birthday. Why do small businesses fail? What is one of the biggest reasons for business failure? Mismanagement of funds. It certainly doesn’t mean embezzlement, in fact, in most cases the more money is going out of the door than money coming in. This again doesn’t mean that you have…
Entrepreneurs who were broke when they started The toughest part of starting a business is to figure out how to fund it. If you do not have personal funds or angel investors lined up to fund your business, it can feel like an uphill battle. So what would you do if you don’t have cash to fund your business? Does…
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