It is often forgotten that successful businesses are also well-organised communities. They spawn harmonious work cultures that are professionally prone to productivity. For growing businesses, this optimum is usually hard to achieve because of rigid business goals that infringe on asset cultivation. When growth is a priority, a very high ratio of supervisory commitment is…
Blockchains are digital databases that are linked to each other without a single centralising authority. The autonomy of the blockchain system is an important reason why it is considered to be an important asset in financial remodelling across the world. The idea of Blockchain was originally conceived in 1991 by Stuart Haber and W. Scott…
A modern business needs to harness all the tools available in the market for achieving optimal growth. This can mean that specialised analytics models are being employed to understand sales patterns better. It could imply that complex job descriptions are being created that can directly benefit the expansion phase that the company is planning on…
It’s important to move with the times and evolve; as an individual, an entity or any kind of organisation. If you’re a business, it is imperative that you stay on top of the latest trends in your industry and use it to better your business. As technology continues to evolve rapidly, businesses need to embrace emerging, cutting-edge technologies before it is too late else you will run the risk of becoming an industry laggard.
We scouted the internet for reports from leading sources like the SMB Group, Cerasis, Deloitte, KPMG and many more for the 2017 technology trends for small businesses to bring you a consolidated list of tech trends your business should not miss out on! Are you and your business on top of these technology trends listed here?
Incorporating your company is one of the first steps of making your business a recognised legal entity. Not only are the owners protected from personal liability for company debts or obligations, but this also improves the credibility of your company. Earlier, the entire process of incorporation took anywhere between a few weeks to over a month and this has now been reduced to under a day owing to the efforts of the Government of India. The advantages are many and it’s probably high time you as a business owner incorporate your company to avail the benefits.
Small businesses may soon be able to communicate with their customers through a new version of Whatsapp called Whatsapp for Business. Whatsapp Co-founder Brian Acton recently announced that the Facebook-owned company is in the process of designing and testing a new platform specifically for the SME industry.
Everybody is going cashless these days; from entire nations to industries and even your local grocery store down the road! Ever wondered why? The ease, the transparency and the efficiency, are just some of the benefits of going cashless. In fact, the Indian government recently even gave its nod to amend the Payment Wages Act for facilitating cashless salaries in the Public Sector and the Private Sector is clearly next. So, the next logical question is why are you as a small business owner not going cashless for your payroll processing? Every business owner knows that feeling when 24 hours in a day just isn’t enough to take care of sales, marketing, accounting and payroll responsibilities single-handedly! Use technology to ease your burden and use that time to focus on helping your business grow. Still unsure? Read on to find out 6 compelling reasons to switch from manual payrolls to a cashless payroll service.
Every manufacturing or small business owner knows how hard it is to stay on top of your finances. A common mistake most first-time business owners make is to ignore good accounting practices because you have ‘just started out’. Sorry to burst your little bubble, but this lapse in keeping your finances in order could cost you dearly. Worry not! We’ve put together five easy tips to help you get your business’s accounting in order.
If you’re anything like the vast majority of small businesses in the logistics industry, you too would probably find bookkeeping a daunting task. Putting it off could spell disaster as you could lose track of all the details and little expenses. So what should you do? Here are 6 bookkeeping secrets every logistics business needs to know!
As most of us are aware, a good credit record is of utmost importance. But did you know that it is important for small businesses too? Not only should all owners of the business maintain a good credit record, but every SME too needs to have a healthy credit rating from an authorised agency such as CRISIL. Most people keep delaying applying for a credit rating for their companies because they find the paperwork daunting. We’re here to help you with just that and break down the paperwork involved.