How to Fund your Business for an Expansion?

How to Fund your Business for an Expansion?

Start – ups are the new trend. Or at least we can say that the term has made it more attractive. People across all age groups have start – ups. This trend has been growing, especially in India, at a rapid rate, for the past few years. Although the rate of growth has declined but in absolute values, the number of start – ups are increasing each year. However, what’s interesting to know is that more than 50% of these start – ups fail in their first four years of operation. Here, we are going to be talking about stat ups by individuals and not big firms.

About 82% of the start – ups started by individuals are either self – financed or use a majority of their finances from friends and relatives. This means that finances are limited. One of the many important reasons for failure of mot just start ups but also small businesses, is lack of ability to expand. This comes from financial management. Many may say that seed funding and incubation are best sources, but to even access those sources, financial management is the key.  No matter how good your business idea is and how much finance you have to begin with, lack of financial management will drain your finances eventually and lead to failure. So here are a few ways small businesses can manage their finances well:
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Forex World of Australia: Features, Tips, Secrets for Traders

Forex World of Australia: Features, Tips, Secrets for Traders

People are becoming more passionate about forex trading these days. Everyone wishes to have quick profits with minimum investment. This is the reason why forex market has become the world’s biggest financial market with a daily turnover of around 5.3 trillion dollars. Millions of trades and brokers join the forex market each day. There are… Continue Reading

Factors that Contribute to Younger People Having Lower Credit Scores

Factors that Contribute to Younger People Having Lower Credit Scores

Unfortunately, there’s a negative trend occurring around financial health with each passing generation. A study done by Experian in 2016 found that Gen Xers (those born in the early 60’s to late 70’s) hovered around a fair 650 credit score rating. Millennial’s, or generation Y (80’s and 90’s), had an average score of 634 (poor). And… Continue Reading

Money Management Tips for Small Business Owners

Money Management Tips for Small Business Owners

Money management is a technique which businesses employ to keep track of the cash that comes in or goes out of the business. With efficient money management tips, small businesses can cut down on unnecessary expenses and hence, more revenue is accrued by the enterprise. Creating a cash flow budget All the incomes, expenditures, and… Continue Reading