Business Loan by Government: A Comprehensive Guide-2024
Business Loan By Government India is emerging as a global superpower, with Micro, Small, and Medium Enterprises (MSMEs) playing a crucial role in its socio-economic development. These businesses, both organized and unorganized, significantly contribute to India’s GDP and exports while generating employment opportunities. In 2024, India had 7.9 million registered MSMEs, contributing 33% to the […]
How to Register a Startup in India: A Step-by-Step Guide
India has rapidly become a thriving ecosystem for startups and budding entrepreneurs. In 2022 alone, the Department for Promotion of Industry and Internal Trade (DPIIT) recognized over 26,000 startups across the country. This surge in entrepreneurial activity reflects a growing desire among Indians to break free from the conventional 9-to-5 work culture and venture into […]
Comparison Between Fixed Costs and Variable Costs
Cost is an important concept in economics. It can be understood as the payment made to get services and goods. Cost can be seen from the perspective of consumers and businesses. In this article, you will understand the importance of cost for businesses. Based on variability costs can be of two types- fixed cost and […]
25 Best Product Based Companies Making Waves in India
After graduating from college, the world can feel overwhelming, especially as you start looking for jobs. To navigate this new phase effectively, focusing on securing a position with one of the leading product based companies in India can be a great strategy. Product based companies often offer diverse and rewarding job opportunities, making them a […]
FSSAI License: Easy Steps to Apply and Obtain
Are you a Food Business owner in India passionate about providing your customers with high-quality and safe food products? If so, obtaining a license from FSSAI is an essential step. However, obtaining an FSSAI license can be a daunting task if you are unfamiliar with the process, In this article you will get answers to […]
What Is Turnover of a Company and Its Effects
In the accounting world, the word ‘Turnover’ is used frequently. Many people need clarification regarding what is turnover of a company is. Turnover reflects how quickly a business performs its operations and earns revenue. A company is profitable when it has a high turnover rate. Annual turnover is an important part of all businesses. It […]
What is Turnover in Business & its Impact
Running a business involves managing a multitude of aspects, from marketing and logistics to customer service and financial planning. Each component plays a crucial role in the success of the business, and overlooking any one of them can impact overall performance. One fundamental aspect of running a successful business is understanding what is turnover in […]
What is Fixed Cost? Essential Insights for Your Business
Businesses deal with fixed costs and variable costs, both essential for maintaining profitability. Now, you must be wondering what these financial terms mean in business. It refers to an expense that remains constant regardless of changes in production or sales volume. This company expenditure is time-dependent and stays constant throughout a fiscal quarter. These expenses […]
The Rise in Entrepreneurship: Top 12 Startups in India
Startups in India have come a long way in recent years. From being a country known for its outsourcing services to becoming one of the world’s fastest-growing startup hubs, India has transformed itself into a major player in the global startup scene. With a large population of tech-savvy youth, a growing middle class, and a […]
Top Pharma Companies in India: 7 Leading Innovators Driving Growth
Introduction The pharmaceutical industry in India is one of the largest and most dynamic in the world, playing a crucial role in the global healthcare system. India is recognized as the “pharmacy of the world” due to its strong presence in the production and export of generic medications. Indian pharmaceutical companies are at the forefront […]
Top Business Loan Options for Women Entrepreneurs
Empowerment, for Indian women, is an uphill task. Essentially seen as homemakers, they are expected to strike the perfect work-life balance. They have to give equal priority to their homes and workplaces. Thankfully the Government has come up with many business loan for women, for the overall empowerment of women. There are different schemes for […]
Types of Companies: 3 Essential Classifications in India
A company is a legal entity created and established to conduct business activities. Shareholders own it as a form of business organization, and directors manage it. There are several types of companies in India, and choosing the right type of company is crucial as it determines the legal and financial obligations of the company, along […]
How to Register a Company in India: A Comprehensive Guide
Are you ready to start your business? You must have ticked all the tasks in to-do-list from brainstorming, planning and executing every task. Now what remains is how to register a company in India, and don’t worry you’ll get your answers here. Company registration is one of the most important tasks for starting a long-lasting […]
Maximize Your Profits: Expert Tips on Calculating Operating Profit
Research suggests that data-driven managers experience year-over-year growth in operating profit by 86%. According to the study, 32% agree that they have improved financial budgeting accuracy. They also achieved a two times greater year-over-year increase in the operating cash flow. This explains the importance of calculating operating profit. What is operating profit? Operating profit is […]
Net Profit: 5 Powerful Reasons It’s Essential for Your Business
All companies strive to achieve it and minimize losses to enhance their growth potential. Profit is the amount of money that is left over after removing all expenses incurred in running the business operations. Profit calculations are based on the operational expenses incurred during the accounting year. Net profit is a term that is popularly […]