Category: Financial Services
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Break-even Sales – How it matters to your business
The concept of break-even sales and how quickly you can achieve it, is a crucial milestone for startups and emerging companies. While handling the myriad problems of running a business, like developing products, managing operations, securing funding, and optimizing cashflows, you often cannot give enough attention to this aspect of Break-even Sales. But Break-even sales…
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ESOPs – How they can help attract and retain the best talent
Attracting the best talent in the industry and then retaining your best employees are two of the hardest challenges faced by business owners. Employee Stock Ownership Plans (ESOPs) present a solution to this problem by sweetening the deal for new joiners, and by giving an incentive for your best talent to stay back in your…
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Key Financial Metrics that Every Founder should keep an eye on
Running a growing business is not easy, your eyes and ears need to be everywhere – from the quality of coffee served to your employees, to the next round of funding you need. In the midst of all this, it is possible that you may miss vital cues about the financial health of your business.…
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Who is a Virtual CFO? Do you need a Virtual CFO for your business?
Small and emerging businesses have a lot of challenges in setting up the business, registrations, licenses, and compliances. At a time when you do not have the financial capability to invest in a senior CFO, is when you need the advice of a financial expert the most. Most businesses manage with a small one or…
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Role of Internal Auditor & Statutory Auditor in Indian Companies
Indian organizations are at par with global standards in compliance management, with 78% of companies doing enterprise-wide compliance risk assessments, according to this Deloitte survey. Internal and statutory audits are pivotal in ensuring that you are fully compliant, transparent, and credible from the point of view of your stakeholders. Although statutory audit is mandatory for…
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Investment readiness for startups in India
Raising funds or investments is a critical process in the growth of startups and small businesses, enabling them to grow rapidly. However, gaining access to funds needs more than just a great idea; it demands a solid business plan, projections, and a strategy aligned with what investors look for in a business. We are experiencing…
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What is Unit Economics and how it matters to your business?
While running a business, your eyes are always on the total revenue, total expenses, and profitability of your organization. It is difficult to look at individual units manufactured, or individual customers – the expenses incurred in acquiring that one customer, and the profitability that one ‘unit’ can bring in. That is precisely what Unit Economics…
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The Transformative Power of AI in Financial Planning and Analysis
The terms Artificial Intelligence and Machine Learning have been around for a very long time. But towards the end of 2022, with the release of ChatGPT, AI has been invading all areas of business conversation at a startling pace. According to a PwC survey, around 54% of organizations are adopting AI and analytics in some…
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The Evolving Role of CFOs
AI is transforming the business world at a pace we never imagined possible. In this brand-new AI-enabled world, CFOs have transcended their age-old role of being guardians for financial records. There is a major shift from historical data to real-time data and analytics in the business world, making yearly financial statements and reports virtually ancient.…
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10 Signs That You Need a CFO Now
Running a small or medium-sized business is no cakewalk. As a business owner or CEO, you are forced to wear multiple hats, from managing the day-to-day operations of your company to steering it towards growth. Every day there is a new fire to fight, and in the midst of handling various responsibilities, financial management often…