A Cash Flow Statement provides an overview of a company’s revenues and expenses. Cash flow statements are used to get an aggregate of a company’s revenue streams as well as expenses.
Adapting globalised invoicing standards can be an excellent way to help your company reach new heights. This mode of functioning will make sure that your organisation functions according to the standards of the leaders of the industry. It is a conducive way to let superior functioning patterns trickle down on the way your company goes…
Whether it be business or life in general, it’s all about “survival of the fittest” and getting ahead at the end of the day. Nobody wants to fall behind, especially in a business where you’ve put in blood and sweat to build it from scratch. But how do you make your mark in your business? How do you beat your competitors at their own game and emerge a winner? We’re here with a simple infographic to help you do just that.
Most businesses base themselves on the age-old business mantra, Customer is king, or they try to. All of us know how important customer service and subsequent customer satisfaction is. While this is easier to achieve for customer-facing businesses, it may not be so for businesses that operate online. You can try to bring in technology to automate customer service but let’s face it, you can never fully automate customer service. A personal touch in emails or messages is something that can never be replaced. As an early-stage startup or a small business, your initial set of customers is the most important to grow your brand. Let’s take a look at how customer service can be valuable for your business.
Most small business owners work hard to keep their businesses running smoothly by cutting corners, reducing unwanted expenses and making smart business move. But in all their hard work, most often they forget and undermine the importance of taking care of their business’s credit rating. Creditworthiness plays a big role when you need to look for financing options through business loans or alternative financing sources such as KredX’s invoice discounting services to support or grow your business. In simple terms, a business’s creditworthiness is a valuation performed by these lenders to determine if they are a good fit to be given money to and won’t default any debt. It usually takes factors such as repayment history and credit score into consideration.
Having a website for your business, no matter how small or big is crucial for every business’s credibility, but often gets ignored. So you’ve finally had one built! But how can you use this to grow your business? Your website’s success depends on the traffic it gets and increasing your website traffic is a time-consuming and expensive task. Can you ensure that the traffic to your website converts into customers? Here are three tactics to do just that!
We wanted to give our readers something informative yet different and thought what better way for that than with a quick recap of the major events from 2016 to early 2017 from across the globe, India and us at KredX. 2016 has been quite a rollercoaster ride for the world and us in India. From terrifying events to groundbreaking changes and new opportunities, it certainly was a mixed bag of emotions. Let’s take a look back at some of the most impactful stories from the last year and early 2017.
Every small business owner would be familiar with the panic associated with customers paying late. It wrecks havoc with your business operations, your planning and regular payments to employees and other operational charges. In fact, it has been found that over 55% of the total value of B2B invoices in India were reported to be paid late according to a 2016 report by Atradius. This causes problems for the business and in turn, the other businesses it works with, thereby causing a negative cascading effect. To counter this, most businesses have in place a process called credit control. In simple words, it is a practice followed by businesses to ensure that customers don’t take too long to pay you by following up through emails or calls.
When the Forbes 2017 Billionaires List came out earlier this year, it was obvious who the richest man would be. Bill Gates and Warren Buffett are household names but one of the men contending them for the top spot on the global billionaires’ list might not have caught your attention. He is a self-made retail aristocrat and the richest man in Europe. But who is he? Why don’t we know much about him?
Well, it is none other than Amancio Ortega, the Spanish business tycoon famous for his fashion brand, Zara.