Category Archives: Business

finance management for startup

11 Useful Tips for Startup Finance Management

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Finance Management for Startups is the key to long term success.

In this article, we will read about the tips for finance management for startup.

Financial Management is very necessary for start up and if you have seen yourself as good entrepreneur. In short financial management is just similar to breath for us. It is very important to run your business. There are some financial statements you just have to take care of; Profit and Loss, retained earnings, a balance sheet and cash flow. These steps help in evolving a financial management system.

We all know that finance management for startup is always playing the crucial role when it comes to the long term benefits of small business. If you are the one who is looking for begin the small business, then make sure to be aware of finance management. So, before getting involved into the business completely, make sure to follow some of the tips for your business. Hope they are useful to run your small business.

Here are some tips which will help you to manage finance for your small business. These practical and worthy tips will definitely going to help you to handle your finance in more organised way.

1. Make a difference between business and personal expenses

What brings people to the disaster is there mismanagement of personal and business account and this creates havoc in their business and life. You must separate your personal needs and business budget; it gives you a good data of expenses which you use in the growth of business. Make sure the credit cards and loans for your business do not get used for your personal finances. Also, it will give you a proper account of profit and loss. You will have an idea about tax issues, personal liability and jumbled accounting records.

2. Paying bills on time cuts half of your problem

Paying bills on time is one another issue in small business. Later, it becomes a big problem for you. So it is necessary you take care of your business bills and pay all the bills on time. Because if you are not punctual credit cards and loan payment late fees can cost you heavy, but on the contrary if you do things on time, it saves your business and creates a good reputation of good management.

Take care of your taxes, it is so prominent for vendors unless, you will lose more money than you earned and you will have to pay high penalty. There are some apps which can be your personal assistant, could help you through this; you just need to set a reminder on a particular date. Your reminder will take care of your payments.

3. Make Puritanism a habit

In this technology world where everything has become so easy in just a click and touch of screen, you can keep yourself update and more frequent through on mails. It offers so many well designed equipments and supplies, major equipment secondhand. Contribute something good in this polluted world through opting green to save money on utilities. Make your business better.

4. Negotiate with vendors before signing a contract

Bargain is an art for small business. You must know this art when dealing with vendors or contracting with suppliers, try negotiating for a better crack. Be firm on your decisions because a good business man has this trait, dealing with his some rules such as retribution and about grace periods. Sometimes there is a chance of giving additional 30days to pay which helps to save you more than a 5% discount off the top.

5. Spend some time in an introductory accounting class

Being a small business owner will not turn you automatically make you a pro with money, but your big and small decisions related to your company will decide future of your business. You should know about business accounting when hiring a bookkeeper or work with an accountant. There are many online courses regarding Accounting or there are many colleges regarding Account you may take course and have proper knowledge, take one more step forward. Develop your small business more.

6. Keep travelling costs minimal

Always plan your business trips wisely according to your business. Because luxurious trip, expensive hotels can degrade your business. It will leave bad impression on your employees.

7. Take control of your own marketing and public relations

A good business man takes care of its relationship with customers, because it decides your respect and their faith in your products. You must take care of marketing strategy to make sure efforts are intentional and focused.

8. Do not wait too long before seeking a loan

If, you wait for financial trouble before applying for loans or other then you must take care or be prepared towards these things. Being a business man you never know what will be next on your door. Just think practically, if you are running good business and if you apply for business loan, you will be in good state to pay for your loans. There will be lots of chance you can develop your business more wonderfully. You may use this loan for an emergency case in your business.

9. Confirm once you have enough capital

Small business does not have enough capital to get themselves through the start up phase. You will have to plan accordingly as if you are not receiving any business revenue. To run business for long term you need to be patient and secure enough capital. Make sure to plan for post months and emergency cases.

10. Do not spend prematurely

Sometimes business man what do they spend pre-earning, but this absolutely foolish because it can cause you great issue in your business. Avoid sign writing, marketing materials, cars or inventory before you get any actual revenue.

11. Review your costs

This is an important aspect of running small business with good finance management. Keep update your small business expenses. Reviewing your products time to time, this will definitely bring good luck for your small business and give you good track of your finance management.

Conclusion

Above tips will definitely do something good for your business, your small business will turn into big business. Live your dream by managing finance for your small business.

Also Read : Digital Marketing and Social Media role for Startup

Photo by rawpixel on Unsplash

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Understand blockchain in easy words

Blockchain Technology in Easy Words

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Understand Blockchain Technology in Easy Words

In this article, we will learn and understand about the Bitcoin & Blockchain technology in easy words.

The world of advancement is changing very fast and so is changing the technology. The place of original world currency has been replaced by some extent by the online currency, i.e., Bitcoin. Terms Blockchain and Cryptocurrency have become very popular in the online world these days. Both of these are the terms that are being used to make payments without using any physical currencies.

Moreover, they have adversely affected the economy of both developed as well as underdevelopment countries with a breakneck pace. These are one of the few teams that are being used by the banks as well. Bitcoin is one of the most famous cryptocurrencies that has created a powerful impact on the lives of a large number of people, and all this had only happened due to the presence of its decentralized attributes. Before going forward with the topic, it is essential to clear the terms so that one could get very much aware of it.

What is Blockchain ?

For making it much simpler and easy to under the Blockchain technology for all those who are new to the concept of Blockchain and Cryptocurrency, it is digitalized, distributed and secure ledger for Cryptocurrency that makes your transactions much secure and more comfortable than you ever had before. It is a one-stop solution for all of your trust problems that offer a secure platform for two parties to exchange values and conduct transactions. A significant form of cryptocurrencies such as Bitcoin relies on the Blockchain to have secure transactions. As we have mentioned you earlier that the Blockchain transcends cryptocurrencies and hence can be effortlessly used in different industries without having any issues. Making it simpler for you Blockchain is just like an engine that drags the different kinds of vehicles effortlessly.

How does Blockchain work?

It is one of the most asked questions that surely need to be clarified as soon as possible after all it is the matter of your hard earned money. The information held in the spreadsheets of Blockchain is duplicated and shared on a continuous basis along with constant changes as well. In short, once made any changes in the database of the Blockchain it automatically gets depicted on the computer systems on connected people immediately. The database of Blockchain is not stored in a single location, in fact, it is a concept of cloud storage that makes it easy to keep your records public and easily verified. It does not include any centralized version that can be easily corrupted by a hacker and hence can be considered as one of the secured access to your financial issues.

What about the security, safety and durability features of Blockchain?

The concept of Cryptocurrency and Blockchain is a little bit newer in the market, but still can be considered as one of the free safe, secure and durable features for online transactions that come up with built-in robustness. This technology is well designed and developed to store every block of information with absolute security that can be easily abstracted by the different entities at a single time as well. Moreover, there have been made different concepts of security so that it could neither have a single point of failure.

The concept of Bitcoin was successfully introduced in the market in the year 2008, and since then the idea of Blockchain is working effortlessly as well. If we talk about the durability of Blockchain, it has been estimated for more than 30 years more, it means that you can easily use it hassle-free for making your limitless online transactions. The technology of Blockchain is growing day by day and hence embeds a vast scope of development as well.

Transparency and incorruptibility

Financial issues are one of the aspects that keep everyone on their toes. The blockchain is one of the most advanced technologies for economic problems that keep everything checked and updated in every ten minutes. It can be considered as one of the best self-auditing ecosystems for digitalized values that keep on updating on a regular basis. In short, we can also say that everything is almost clear to each and everyone as the information is discrete on a cloud basis and can be easily accessed by numerous systems simultaneously. Every transaction in Blockchain is referred to as block here that keeps transparency within the network as a whole and keeps it as public.

Every unit of data is well secured by strong security so that it needs to have a tremendous amount of computing power to break and overwrite the entire network that is almost impossible. It means that you can now have secure transactions without having any issues. The concept of Blockchain has solved the problem of manipulation to a great extent that owns no space for corruption and hacking.

Understand Bitcoin and Blockchain technology in easy words with examples

For making it simpler for you we are providing you here one of the most common examples of Blockchain and Bitcoin, have a glance:

  • Entertainment: KickCity, B2 Expand, Spotify, and Guts are one of the blockchain technologies in the field of television that has made it much easier to made transactions on a regular basis.

  • Social engagement: Matchpool is one of the most famous names in the field of matchmakers that have been awarded as one of the most successful matchmakers in the online world.

  • Retail: Warranteer, Blockpoint, Loyyal are one of another famous name in the field of retail that has been regarded as one of the most trusted and loyal sources with customized programs.

What is the future of Blockchain?

The future of Blockchain is very bright as it has offered people one of the most durable cases for technology. The concept of blockchain has potentially cut off the role of middleman for making transactions and hence created the idea of general computing as public. Graphical User Interface is one of the most used terms here that has been used by various wallet applications for different cryptocurrencies. The transactions made through blockchain had made it very much more comfortable to have identity verification and hence have added more into the security features as well.

What does Artificial Intelligence (AI) mean?

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know about content marketing

8 Important Facts That You Should Know Content Marketing

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8 Important Facts That You Should Know Content Marketing

Content has become the most used medium of communication in recent times. Everything from social networking to business is now incomplete without the content and so is marketing. Content marketing has become one of the most used forms of marketing in the current times. It is one of the kinds of digital marketing where you create content with different manners like graphic and written to make the attention of the target audience to be gathered which is the most vital and essential role of any marketing technique. But here are some facts that you should know about content marketing to use it effectively.

1. Being Clear and Understandable will Help You Increase the Brand awareness

Complexity is the murdered of attention. The more complex it is the more people will just scroll it down thus to get the attention you must be very clear and understandable with your content and especially when you are marketing something.Simplicity thus is the first focus that you should have in your content marketing campaign.

2. Use the Right Platforms Will Increase the Attention by 150 Percent

Being find-able is one of the other important facts that you should care about being in the business of content marketing. Using the right platforms is the best way to make your content marketing effective. The accessibility of the platform must be good in order to give your campaign a maximum reach and thus whatever you post must be in the eyes of your target audience.

3. Writing Creatively Will Make the Target Audience to Stop at Your Posts

Creativity is the mother of attention and this must be made included in the structure of your marketing campaign. Being creative will eventually make people stop at your posts and will give you a better chance at making the attention to be grabbed.

4. Content Marketing Could Directly Be Converted Into Sales

Content marketing has got the ability to get directly be converted in the sales or to increase the traffic of your website. The content could be back linked with your website’s link which eventually will give a boost in the traffic of your website.

5. You can employ different strategies within a single technique

Within a single technique of content marketing, you are able to employ a number of strategies like engaging and interacting content to be posted as well as video or graphical images to be posted and it will make you able to present your ideas and information differently to the customers.

Also Read : Digital Marketing for Startups

 

6. Increase the Engagement With Clients

Content marketing could increase engagement of clients and companies. The posts that are made in the content marketing could be really engaging. This could make the customers to be involved in the brand or company’s stuff.

7. Content Marketing is Cost-Effective

We have seen companies spending a high budget on marketing however with content marketing it is said that companies could market their products with lesser costs and even for free at times. The platforms that content marketing uses usually have lower costs or even could be done in no costs.Thus, this is counted in one of the methods of marketing that is cost effective.

8. You Can Serve Any Purpose With Marketing

With content, you can do whatever you want. One of marketing could be used for multiple purposes such as promotions, awareness creation, brand identity, information sharing or whatever purpose you have in the mind. Content has versatile benefits and thus it has been included in the marketing industry.

All of these facts have explained that content marketing could be effective in different aspects as well as working on effective content marketing could make the business to be benefited with direct as well as indirect directions. Thus, if you look to market your brand digitally content marketing is one of the things that you can surely consider.

Further you can analyze Wiki Management Inc. A platform for celebrities and famous personalities who really wants their presence at Wikipedia.

Create Wikipedia Profile for Promotional Purpose

 

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How electrified roads define the future of driving?

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The automotive industry is on a roller-coaster ride to innovation and emerging technology. There was a time when electric cars were rarely seen on the road and feature only in auto exhibitions, but today, electric and hybrid vehicles are common across the world. That said; the number of registered electric cars in 2017 in the UK only was 47,000.

So what can we expect from automotive innovation? Nowadays, driverless cars are a buzz, but then there’s Sweden where yet another fascinating development just happened; none other than the world’s first electrified road that has been inaugurated new the capital city of Stockholm. If spread across the world, it can potentially change our way to pick vehicles and how we drive.

A look at the electrified road

Electrified roads are designed to power up electric vehicles by transferring energy from the road rails which keeps the automobiles charged as they move. A small, flexible joint is fixed right under the vehicle’s body which can self-disconnect in case the driver wishes to overtake, thereby moving away from the two rails of the electric-powered tracks.

The system in Sweden is far more complicated than it seems which can disconnect the electricity when the car stops or when driver overtakes other vehicles as well as accurately track the total electricity consumed by each vehicle. It’s most unfortunate that this electric power isn’t free of cost but, there’s a possibility that other countries would roll out the charging system for free.

Charging electric vehicles – Overcoming the challenges

The primary goal of this Swedish project is to cope with the out-of-charge problem allowing drivers to travel between 100-and-200 miles on a single full charge but then, every vehicle has a different battery which varies the electric mileage as well. Some of the reports even highlighted that a particular model of electric car travels only 60% of the promoted mileage which sums up to 55 miles approximately before recharge.

The fact can discourage car buyers even those who wish to invest in eco-friendly vehicles. In Sweden, it’s expected that vehicle manufacturing cost would drop eventually which will ease the electric charge cost as well. This way, more people would be able to buy electric cars having average-sized batteries requiring a less-than-normal charge. The concept reflects to ‘dynamic charging’ that can shave off significant expenses.

Complementing to the environmental goals

Sweden still has a long way to go when fossil fuel reduction is concerned and to meet the goal; the nation requires cutting down more or less 70% fossil fuel consumption from the overall transportation sector. This is perhaps the primary driver behind introducing the world’s first electrified road. Streamlining production of electric cars would make life easier by reducing the charge cost.

Safety concern

Safety concerns on electrical railways and roads pose life-threatening danger to pedestrians as a single touch can be fatal, however; this particular issue has been solved even before the road was constructed in Sweden. Since electricity supply is underground, the surface is hardly registered to just one volt whereas the Swedish government also claims safety of the people even if they walk barefoot on these tracks.

If rolled out on a global scale, electrified roads can change the way we purchase and manage truck tyres in Dubai or any other place for the best of all.

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Tips to Choose the Right Cleaning Company

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According to the survey, a huge fraction of people, especially younger generations, are hiring professional cleaners to support them in their busy lives. But whatever your reasons may be for hiring the cleaning, you must choose the right cleaning company.

Choosing the best professional cleaning company can be a daunting task for many. Many of you would be hesitant about having someone – they know nothing about – visit their home every day. Well, there’re many ways to choose the right cleaning company. You can hire the best cleaning services is through the referrals of family & friends or perhaps through online research by merely checking out reviews and weighing your options accordingly.

Despite the fact that there are so many providers out there, picking one could be really difficult. In that case, there’re a few things you should consider while making the right choice. So let’s dive in;

Experience is Must

The cleaning company you choose should have enough experience dealing with all cleaning needs. As you know, cleaning offices is way different from cleaning a house. So you should only opt for the agency that is highly experienced in cleaning commercial and residential properties. The provider you choose must also be able to offer the customized cleaning services and help you meet all the cleaning requirements.

Location Matters

Instead of choosing the provider which is located somewhere far, always pick the one that’s located near your house. This way, you’ll be more able to check if the provider is reputed and reliable or not. Also, make sure you understand the availability of necessary equipment and evaluate whether the provider has access to the required manpower to accomplish specific cleaning tasks.

You might get to know a few things about the cleaning company that’s located far way through its website, but you can’t determine if the information provided is genuine. So make sure you choose the provider that’s closer to your location.

Cost vs Budget

Although you want your house to be cleaned, you won’t surely want to burn a hole in your pocket while paying them too much. Perhaps that’s the reason why it’s imperative to opt for the Dubai cleaning companies that offer affordable rates.

If you’re going to hire them repeatedly, also ask for the discount or the best rate possible. In case you feel the rates could be lowered, don’t hesitate to bargain. You can even decide your budget and look for the services that offer the given service within your final budget.

Time

The professional cleaners should complete the tasks on time so that your family doesn’t feel any sort of distraction and disturbance. Often times, family members get annoyed with the constant sound of vacuum cleaners and even other cleaning tools. That’s why it’s imperative that cleaners don’t take too much time doing their job so that your family can feel relaxed and comfortable.

Summary

Do you want to learn more about some tips to choose the best cleaning company? Just check out the article now

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Drone Trials

DGCA Approved Drone Delivery Trials

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India had been facing many problems due to CORONA Virus and one of them was delivering essential items like Medicinal Emergency items etc. As all were in LockDown.

So for a solution, unlike the US, China, Indian companies also thought of starting Drone Service with GPS Tracking and developed the machine. But back in December DGCA (Directorate General of Civil Aviation) had refused all the 11 permissions.

But after March when India went on the biggest LockDown to date, DGCA had approved these Drone trials by SpiceJet and SpiceXpress (A sub-company of SpiceJet). They will be doing the trials of these Emergency Drones meanwhile many news are coming where people are dying because of the unavailability of medicines.

So DGCA had to go for these Trials..!!!

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