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.
All the fastest growing SaaS startups have this one thing in common: they’re tracking the metrics that matter the most.
If we talk about the present, projects are getting challenging and profit margins are dwindling.
Cash is the lifeblood for any business and one can determine the company’s health just by looking at the cash flows. Continue reading “How Much Cash Should a Small Business Have?”
Every company, big or small, is always concerned about this one thing – managing funds.
Among all the diverse projects you run, do you know which projects are most profitable?
Start-ups are full of chaos. Everything around is uncertain. Continue reading “First 90 days survival tips for web-design startups”
Cash flow is no doubt a vital part of any business especially small ones, but the accurate projections and forecasts of business are something which is needed to get the business moving.
Liquid cash is the most significant factor for growth in any organization and many companies continue to make improvements to managing their overall working capital.
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?”
The initial years for any business are very crucial for the long-term success, with many challenges to overcome and lessons to be learned.
Nearly two months ago, I shared why web design companies face cash crunches. Today I’ll show you a demo on how you can do that with ProfitBoard: Our cash flow management app for web design businesses.
Profits are defined as revenue fewer expenses. They may also be referred to as net income. Cash flows, on the other hand, refer to the inflows and outflows of cash for a particular business. Continue reading “How Profits and Cash Flows Are Different?”
Having a creative idea can’t only help a startup to grow. The one & only aim or goal of every startup business is to grow financially also to maintain financial stability throughout its lifetime. But the path to achieving this goal is not that easy for startups.
We see around that the economy is booming, yet small business failure is flat? It’s because macroeconomic successes have nothing to do with the day-to-day operations of small companies. Continue reading “3 technologies a small business should use for better cash flow”
Here I discussed one part of the problem and how to structure your project cash flow and payment schedules. Continue reading “Structuring your project cashflow – Why do web designing and IT services companies face cash flow issues?”
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?
Lets’ define cash in a scientific way. If we take the company as a human body then cash is the blood. Then why blood, because it’s the most needed thing same as oxygen. A human can’t survive without blood and oxygen and a company can’t run without money, which is cash and human resource, which is an employee.
How cool it is to finish up the tidy bit projected accounting for 5 years in just 3 hours??? We made cash flow, balance sheet, P&L for next 5 years in just 3 hours yesterday.