Know Why Your Business Plan is Failing You?
Do you know 90% of startups or new ventures fail? There are reasons that could be attributable to the failure of a startup. But one of the reasons is lack…
Effective Control in Purchase Stage to Prevent Frauds
A company with many different processes may suffer from lack of control of the management. If there are no control mechanisms in place, then there are chances of frauds which…
Regular Internal Audit to Improve Profitability
In the previous article we had demonstrated how having effective controls in for of Standard Operating Procedures (SOPs) help in controlling frauds and reducing losses. Once the effective controls are…
Ideas to Plug your Business Revenue Leakage
Do you know on an average a company loses 1% to 2% of its revenue on account of revenue leakage? Some of the reasons are below: No billing for the…
Why? When? & Whom? should be hired as CFO?
In any business Cash acts as Oxygen and it is ultimate necessity for life. For survival Oxygen has to be inhaled and has to be exhaled in form of carbon…
Is Your Business Facing Ups And Downs?
It’s very common for a business to undergo ups and downs. There are phases when business makes lots of money and times no money at all. The reason for it…