In recent times, the economic growth of India has re-accelerated, irrespective of the various crucial headwinds, such as the exceptional transition to Goods and Services Tax (GST), increasing NPAs (non-performing assets) in the nation’s banking sector – typically public sector banks, huge overcapitalization of the various industries around 5 years ago. Since these crucial headwinds…
There’s a lot of costs associated with running a business and shipping is one of the largest. If you regularly ship parcels to your clients or customers, you’ll soon find the costs can really add up. These days, businesses face the tough challenge of trying to keep up with the demand for free delivery without…
Reducing costs can range from smart, innovative decisions to just a sprinkle of common sense. In the end, both approaches get the job done. Efficiently managing utility costs is essential for any business. For instance, if faced with high water bills, you can explore negotiating with your current supplier for cost reductions or researching alternative…
It is not common knowledge for all motorists, but if your automobile were to be written off then your insurance policy provider would only pay out the current market value of the vehicle (even comprehensive insurance policies). Depreciation can be as much as 77% after just three years of ownership which means that you could…
Coworking spaces are cropping up all over. Most big cities have at least one coworking office. Where freelancers, business owners, and other self-employed professionals, as well as those with hobbies that require them to spend some time working from a computer or in an office, can rent a space, or even use them for free…
Commissioning has always been a crucial part of most projects. The managers involved in these activities have the task of ensuring that all the standards are met before they hand over the project as part of their commissioning roles. Technology has been integrated deeply to make the commissioning systems better and easier to conduct. The…
Mounting credit card bills and other loans can be a huge obstacle to financial freedom hat often seems impossible to overcome. More importantly, these obligations prevent you from having the freedom to plan for your financial future. It is difficult to see a positive future with a pile of unopened, unpaid bills sitting in front…
When you know that you want to go into business for yourself, it can be an incredibly exciting prospect. But at the same time, you may find that it can be difficult to work out exactly what you want to do. Because there are so many different kinds of businesses out there – selling, servicing,…
A financial crisis can take on many forms and unfortunately they have a tendency to arrive without any warning! Do you have any funds available to enable you to survive financially if a crisis occurs? Financial disasters may arrive in the form of redundancy, illness, sickness or a crisis that could occur when your car…
The book, “Rich Dad Poor Dad” by Robert Kiyosaki talks about the difference between how the wealthy use their time and resources compared to the poor and the middle class. In particular, the book defines how the rich invest their resources into building assets that generate passive income, many times over, whereas those stuck on…