The role of Governance, Risk and Compliance (GRC), in general, is to implement policies that safeguard and protect a company from risks and threats, have a process to identify oncoming threats and improve overall business efficiency. The need for a robust GRC has become more apparent now more than ever. In the recent past, there…
Your business is doing well and you have begun to reap in a sizeable profit margin. But what next? Are you using your company’s current resources to its fullest? Ever considered email marketing? Emails are a wonderful way to communicate and stay in touch with your customers. You can use it for much more than…
Starting a small business can take up a lot of your time. In the end, it is worth it because you will be kicking off your own personal journey into self sufficiency. Here are the steps you need to follow The economic incentive inherent in the potential of a growing business of today is tremendous.…
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.
Mobile apps are everywhere. From gaming to finance, shopping and medical diagnosis, apps have taken over the world! So why leave your business behind? Don’t you think it’s time you too moved with the times and created a mobile app for your business?
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.
Tech giant, Apple Inc.’s plans to set up an iPhone SE manufacturing plant in Bengaluru is still in talks. The iPhone maker’s request for tax relief and exemption from customs duty on imported components and equipment for 15 years is being looked into by the Ministry of Commerce and Industry, and the Ministry of Finance. The PMO is expected to make the final decision about the proposal, though it is expected to be a favorable one. If Apple has its way, would it have a positive impact for the country and the SME industry in particular?
Ever had a “Eureka” moment when you’ve hit upon a million dollar idea? But then you shrug off the idea because it’s completely absurd. Well, have we got news for you! Often, it’s the most ridiculous of ideas that work and go on to make millions! Below is a list of our favorite ridiculous business ideas that made their owners millionaires.
Running your own business and making a profit can be quite the balancing act. We often hear business owners complain of how minuscule a profit they make after all the tax-cutting. Nobody wants to part with a major chunk of their hard earned money in the form of taxes. This needn’t be the case! Let’s talk about some simple tips that can help you save money on taxes.