Typically, a lot of careful planning and assessment goes into starting a business. Individuals who intend to start a venture must make it a point to think about all the aspects pertaining to starting a business sustainable. For instance, they should pay attention to planning, implementing and managing stages to construct a business model with…
Author: KredX Editorial Team
What Are The Skills That Are Needed To Run Your Business?
Besides a robust business plan, substantial capital and a group of talented employees, a business firm requires potent business skills to become successful. With the accurate skill-set and a unique vision, any business, irrespective of its size and scope of operation is bound to succeed and generate substantial profits. Nonetheless, to make the most of…
Which Types Of Businesses Are Eligible To Opt For A Business Loan?
It is quite easy to conceive a business idea and set up a company. But what’s difficult is to manage finances, healthy working capital, and sufficient cash flow to fund business operations and day-to-day transient requirements smoothly. Acquiring capital has always been a challenge for business owners. What’s even more difficult is maintaining proper working…
Top 5 Government Loan Schemes For Small Businesses In India
According to a Q1 2020 World Economy report, the International Monetary Fund has cited India as the fastest-growing economies in the world. A major part of this growth can be attributed to micro and small business houses and medium enterprises. In fact, SMEs are currently contributing about 40% of the nation’s GDP. To fuel further…
Job Loss Or Pay Cut – How To Protect & Manage Your Finance?
Whether it’s a pandemic-induced recession or an unforeseeable change in the job market, individuals are always at the risk of unanticipated unemployment or pay cuts. Although it’s as distressing as it gets, you might not have to feel devastated if you protect and manage your finances efficiently. Take a look at the tips to help…
What Is The Difference Between Cash Credit And Overdraft?
Businesspersons and entrepreneurs must maintain healthy cash flow and optimum working capital at all times to keep their enterprises operational. However, that’s easier said than done! Also, the goals of optimising inventory or business expansion might never see fruition unless there are sufficient funds available. This is the reason several financial institutions offer flexible options…
How To Effectively Manage Working Capital
Disrespect the importance of working capital, and it is bound to damage the business’s financials heavily. It has no prejudice against the company’s size, the industry it falls under, or the operational strategy it practices. Poor working capital management could further translate into halting growth, or even worse, shutting down operations. It is one of…
How Does an Invoice Discounting Facility Work?
At the beginning of 2020, the New Year’s resolution for many businesses was to thrive and grow their business exponentially. However, with the outbreak of Coronavirus, the business goals have changed. While the focus is on the global health crisis created by this outbreak, the massive financial impact on businesses cannot be ignored. The lockdown…
How To Raise Working Capital Finance?
Small and Medium Enterprises (SME) and Micro, Small and Medium Enterprises (MSME) are the backbone of India in terms of not only providing employment but also aiding in the growth and development of the country’s economy. Any business requires a stable and steady flow of working capital for the smooth and efficient running of its…
10 Tips To Improve Cash Flow In Your Manufacturing Business
Cash flow bottlenecks can occur at any stage, even to businesses making steady progress. This issue is significantly pronounced in manufacturing businesses. It is typically because the cash conversion cycle is considerably extended. You invest in raw materials that undergo production, followed by sales. Lastly, cash is generated via either an upfront customer payment or…