How to Track Business Expenses?
The first step to doing so is separating your business expenses from your personal expenses. This will help you understand how much you’re spending as a small business owner. Thus managing your expenses will increase profitability. Many small business owners track their business expenses using Microsoft Excel. However, this method increases the chance of [...]
How to Set Business Management Standards?
There are endless reasons that contribute to the low success rates of new startups. One of them is neglecting to set up proper business management standards. Executing business standards inspires confidence in your business. It can also help retain existing customs and open doors to new markets apart from the competition. What are business [...]
Priority to MSMEs in Post-COVID
According to the Annual Report of the Department of MSME published in September 2019, there are 6.34 crore MSMEs in India. The COVID pandemic has left an enduring impact on the economy. Global supply chains are affected, imports and exports are hindered, and unemployment is rising. Across the world and in India, Micro, Small, [...]
What Is an Expense Report?
One uses an Expense Report form to record business expenses. The employees report various business expenses incurred by them out of their pockets. It includes any purchases that are necessary to run a business, such as parking, meals, gas, hotels, etc. So basically, an expense report is a form through which the employees request [...]
How to Measure Small Business Performance?
As an entrepreneur, we know how crucial it is to identify what functions well in your company and what doesn't. The only thing you can count on in business is that things will change constantly. So that you can identify what is successful and what is not, you must continuously evaluate your company's performance. [...]
Which loan scheme is best for business?
The requirement for funds varies for each business. As per the type of business, the scale of operation, repayment capability, amount of fund required may change. Business entity faces a lot of difficulties to get the right kind of financial assistance for different activities. The Government of India offers different types of supporting packages [...]