The Project Profitability report is used to monitor the planned and real cost related to a project.
Accounting originated when the first trading started back at 3000BC. It used to keep all exchange information in a book.
Among all the diverse projects you run, do you know which projects are most profitable?
Profitability is best described as the firm’s ability to earn financial profit/gain from a specific project. Continue reading “Project profitability: Overview and key factors”
Indian start-up ecosystem is lately emerging at a rapid speed. The umpteen numbers of players and the heavy funding requirements have further increased the challenges for the start-ups. Continue reading “10 ways to raise start-up and capital expansion for your web design business”
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.
As an owner of a small business, you must be seeking out ways to improve your accounting procedures and also increase the cash flow of your business.
First, you should treat your web design and development company like any other startup. Focus on using similar strategies. Continue reading “How to market your web design company’s business with any budget?”
Business owners most of the time feel the need of an accountant at the time of tax filing. But do you an accountant can add more value to your business.
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.
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.
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.
Every year many startups have been joining the startup journey but few exist for a longer period. The only way to survive in this competitive world is to have a strong marketing or business growth strategy.
Financial planning is a key growth factor for small businesses. Financial planning includes budget planning, cash-flow management, Income & expense management, investment planning etc.
Accounting errors is a common mistake always likely to happen in businesses. But these small mistakes can hamper your business in a bigger way.
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.