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The rapid spread of Coronavirus has caused significant disruption in Businesses and communities across the world. COVID-19 is compromising supply chains, work hours, income, and demand for products and services as consumers are encouraged to avoid public gathering. During this unforeseen and unpredictable time, your businesses need support and guidance more than ever. Here are …

Continue reading “Strategies to Help Small Businesses recover from COVID-19 Situation”

As the Globe struggles to contain the Coronavirus pandemic, Digital Fraudsters have captured this opportunity to push their scam attacks. Barracuda, an AI-based Solution company detected Over 4 Lakhs phishing email attacks worldwide between March 1st to March 23rd; Out of which 2% are COVID-19 related scams. The global rise in COVID-19 cases has led to …

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Businesses across the globe have taken a hit due to COVID-19 Lockdown. A temporary shutdown in India resulting into disruptions in Supply Chain, overstocked supplier inventories, conservative consumer spending, fixed overhead costs and overdue vendor payments is causing a huge strain on the financials and cash-flows of many SMEs in India. A survey by FICCI, …

Continue reading “How can Small Businesses manage cash efficiently amidst COVID-19 disruption?”

The COVID-19 Relief Package announced by the Government last week of March is a welcome move. As RBI allowed all Financial Institutions to provide customers with a moratorium of three months for repayments of Term Loans amidst of COVID-19 situation; most of the Public sector Financial Institutions have informed their customers about deferment of EMIs …

Continue reading “What Borrowers should consider before deferring their EMIs?”

The Finance Minister of India recently announced the Union Budget for the year 2020, wherein new tax slabs were introduced. While the new income tax slabs of India are aimed at simplifying systems, the changes may affect individuals and Hindu Undivided Family (HUF) who can claim lower tax rates if done without deductions under various sections.

Section 44AD of the Income Tax Act is an important section that deals with taxation for businesses with a turnover of less than 2 crore. Click on the article to know further details as to how this section can help your business.

Whether your business is a startup or if you’re ready for expansion, you need funds to power your small business. But before you seek for a loan, you need to plan about exactly how you’ll use your loan amount and how you’ll pay it off. So, that you don’t fall into a situation where you can’t pay off an unsecured business loan. Without a strategy on how to put the money to work, you’ll take up a loan that might become a burden on your shoulders.

A business owner knows how crucial it is to source new leads and make sales for the growth and success of the company. And many small business owners often wonder if there is any strategy which can help boost sales.

In this decade, India has moved on from a male-centric society to a place where businesses and entrepreneurship are not defined by genders. Women have risen above the confined domestic life, took challenges, faced struggles and made their way to the top list of women entrepreneurs. Some of them had only a little or no experience in the industry they chose, but they learned to overcome the knowledge barriers as they grew.

As a small business owner, you may constantly be looking for new ways to market your products/ services to reach potential customers. Using social media for business is a great way to engage with existing customers and attract new ones. Small business owners can have a lot on their plate, and may find social media time- consuming. Having said that, you cannot lose the opportunity to reach and engage with your potential customers.

In this era, your business loan can be approved with a few swipes on your phone or by spending a moment online. So, why tussle through the hassle with the bankers? 

When you decide to begin your entrepreneurial journey, you prepare for the courage to take on many challenges. Though eventually, these struggles will pay off pretty well, you need to persist in daily business operations. All are aware that half of the businesses fail within three years, that’s why even the banks ask for the business proof of past three years. All, however, don’t know that about 20% of businesses disappear within their 1st year.

Many successful entrepreneurs started their entrepreneurial career by quitting their already existing job in a leading company. If you have plans to start your own venture or grow the existing one, taking a short-term loan might suit your foreseen goals. Also, loans are easily available these days since the rise of digital lending in India. However, to choose the right short-term business loan, you need to know about things like rate of interest, processing fees, repayment, down payment etc.

Every month, banks and financial institutions send information about individuals and businesses to the TransUnion CIBIL Limited, commonly known as Credit Bureau. This information helps the Credit Bureau to evaluate your financial situation. They are licensed by the RBI and by Credit Information Companies (Regulation) Act of 2005.