According to the startup India website, India holds the position for being the 3rd largest startup economy in the world with 2-3 startups being born every day. Though these numbers seem comforting, it is also true that 80 pct of the startups usually fail at their onset due to poor financial management. A CFO can provide […]
Staying on top of finances is the primary reason for business success. Successful businesses are well aware that in order to grow financially and have smooth business operations they need professional bookkeepers and accountants to manage their finances. As business keeps growing, the number of customers, suppliers, employees, and other stakeholders also increases and it […]
The year 2021 has so far seen mutant varieties of Covid-19 virus, second wave and third wave of the pandemic in many countries, and multiple lockdowns in most places. Every news is not so bleak and there is definitely light at the end of the tunnel. The vaccine is invented and the start-ups and businesses […]
Money is the lifeline of an entity. Using the available finances/funds carefully and wisely by having a proper account of the inflows and outflows is highly important for any business to thrive. A. What is financial discipline? To put it simply it is taking control of the money and channeling the spending towards the monetary […]
Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of its sponsors (see below for further explanation). They are most commonly non-recourse loans, which are secured by the project assets and paid entirely from project cash flow. It involves a financial analysis of the complete life cycle of the […]
“Every time you state what you want or believe, you are the first to hear it. It is a message to both you and others on what YOU think is possible”, is a famous quote by the media mogul, Oprah Winfrey. Entrepreneurs are born from such thoughts, where the possibilities are visible to them, and […]
The world shook on its axis when the pandemic was declared in the year 2020. Nothing like this has ever happened in the history of the human race and every industry has felt the shock waves. After the initial lull, people started adapting to the new norm by wearing a mask and bringing school and […]
Finance is often termed as the lifeblood or foundation stone of business and it’s rightly so. Managing the financial activities of the business thus takes an indispensable role in its success. The terminologies in finance like management accounting, financial accounting, financial management, etc are in essence different, but they supplement each other. Let’s look in […]
C-suite executives (CEO, CFO, COO) have a quintessential part in the success of any business. These three roles have to work in tandem for the achievement of the business goals. The role of a chief financial officer or CFO, in simple terms, is to manage the lifeblood of any business- the finance department. The major […]
“This is one small step for man, a giant leap for mankind”, is the famous quote by Neil Armstrong after he stepped on the moon’s soil. Business and landing on the moon have seemingly no connection but the feeling of accomplishment might be similar. It is one person’s crazy thought or creative idea that turned […]