Businesses in their initial years often need external funds in order to maintain their operations and invest in future growth.
Continue reading “Small Business Financing: Debt or Equity?”
Businesses in their initial years often need external funds in order to maintain their operations and invest in future growth.
Continue reading “Small Business Financing: Debt or Equity?”
Developing a new Service (SaaS) product isn’t as easy as it sounds. It involves a lot of time, efforts and definitely costs which as a founder, you are liable to endure.
The hurdle rate is the minimal amount of rate of return an investor needed from his investment in a project. It also called as “minimum acceptable rate of return” (MAAR).
Finance minister Arun Jaitley announced budget 2018 on 1st February 2018. This budget brings some disappointment for investors also for some other sectors as custom duty hiked.
Arun Jaitley said that he proposed this budget keeping in mind the growth of Indian economy.
Here are some highlights of “Budget 2018”
Every year new start-up’s join the business industry with creative ideas and with a hope to establish themselves as business giants but some fail in achieving this goal.
Continue reading “Top reasons of start-up failure and how to overcome it?”
Small businesses and startups (mostly service-oriented) ask me for how much should we raise or take loan after basic investments? Here’s a simple math that works fine:
Base money: Get expenditure for the next 6 months covers (this is min. Better is 12 months)
Wastage: Get additional 20% for wasting charges (all company waste money in additional stuffs not needed) Lo an installments: Make sure you don’t have installments from day one. Else include them too.
What to do in these 6 months?
Do enormous tests: assign 10 customer/sales to each test depending on your product or service. each test shouldn’t go beyond 2-3 weeks. take a note of everything you learnt from these tests.
Prepare a plan: now take a list of approaches you are going to follow from your observation of your test.
Define target market: Keep only 1-2 in mind and washout everything else.
What to do in next 6 months?
focus, focus: Scale up on that target market and on that approach, while experimenting narrowly on side.
Do scaleup investments: hire, productivity tools etc.
If needed take another funding for 6-12 months: Make sure you are doing good in that.
Hope it helps. Please if it was helpful signup and make other small businesses signup at: https://www.slickaccount.com
Recommended by startups and small business as one of the most simple and helpful software ever built.
NB: Now we are issuing accounts within 2-3days of signup. And all who didn’t get an account in past should expect it in next 5 days. Else we might not have been been helpful to businesses in your domain or of your size or are completely not intent to serve to the specific domain. If you forgot your account or couldn’t use it in trial period, please do write back to me at sanmaya@slickaccount.com However please make sure you search for it in your inbox. The email would be from noreply@slickaccount.com
We’ve many users who we already sent their accounts but didn’t opened the email yet. So please make sure of it. Search in both inbox and junk or spam folder.
Photo Credit: HowardLake via Compfight cc