Importance of compliance can be perceived by clearly defining our duty towards stakeholders. Compliance primarily means adhering to all necessary rules. Not just that also to abide by guidelines. Relevant to both under product quality and financial perspective. Founders and employees must understand the importance of compliance from very early stage of start-up. On the
Sangeetha explains profit maximisation for entrepreneurs using five simple steps. Revenue generation, Cost reduction, Financial discipline, Adherence to compliances and best practices in industry. Apparently profit maximisation for entrepreneurs is a core objective. Besides it is the toughest goal a founder had to do achieve prove the company’s mettle. How do you devise methods for
Profit making is the primary objective of any business. That is the reason Financial Goals for Entrepreneurs are very critical to any organisation. At the end of the day, the success of a company is defined in financial terms. Needless to say it is crucial to have clear-cut and practical financial goals. Goals act
Cash management is crucial for a start-up to stay afloat and build investor confidence. But conversely many young entrepreneurs stumble at cash management. It is important to understand profit and cash flow are not the same. During initial days all the activities are headed by founder himself and keeping a track of expenses would be