If someone tried to hand you over a strict rule-book for your start-up, wait no-further and run in the opposite direction.
A SaaS business relies and depends upon its customers majorly. When it comes to the initial phase of setting up your business, your inclination must be to acquire more and more new customers by all means possible.
Small businesses are being constantly squeezed by rises in expenses, so controlling costs is more essential than ever.
Businesses in their initial years often need external funds in order to maintain their operations and invest in future growth.
Cash flow impacts the entirety of any company, as we all know.
In this fast-paced world, we all are aware that risks are inevitable and every business has a risk.
As a small business entrepreneur, one needs to constantly keep a check on the cash coming in and going out of your business.
A good and Innovative technology helps a company serves the world much more efficiently, and businesses have the potential to develop and execute such solutions.
What is Budgeting?
A budget lets a business owner measure its performance in an objective manner, control cash flows and allows him to invest in new opportunities at the appropriate time.
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.
Owning and running a Saas business is definitely not a child’s play.
We are here in the last month of this year. It’s time to set some important goals that you need to achieve by next year.
If we talk about the present, projects are getting challenging and profit margins are dwindling.
Every company, big or small, is always concerned about this one thing – managing funds.
India’s Consumer Price Index ( CPI ) growth was measured at 5.0 % YoY in Jun 2018 which when compared to that of May was 4.9 %.
A lot of small businesses don’t have a fixed salary for their owners. They think the profit should be their salary so they don’t include that in pricing etc. Continue reading “Where is your salary business owners?”
Project budgeting is the process of allocating or assigning a cost for a particular project. This cost includes all expenses need to run the project like new equipment purchase, employee costs, average delay costs, operating cost etc.
Budgeting is the backbone of every start-up. Foresee cash crunch before get sunk in the debt ocean. From simple to complex budgeting do everything with ease. Budgeting can save your business from sinking in debt burden.
Why companies or say start-up companies need a fully fledged budget plan to successfully run their business? But the question is why? What will happen if they just spend money on priority expenses without following any plan?