Business and risk are two sides of the same coin. The risk of unpredictable loss and failure being omnipresent in every enterprise. However, the thing to be noted here is that, there are far reaching ramifications whenever a business goes bust. Economically perhaps, there is a figure that can be put to it. However, the social impact i.e. the loss of livelihood, the uncertainty, the stigma...
The startup vertical in India is buzzing with activity. Every day, fresh reports carrying Unicorn status news, is fueling funding and infusing fresh energy into entrepreneurs who are boldly venturing to create new startup industry categories. These soonicorns have translated their innovations into working, revenue earning models and rank among the unique startups in India. There are reports that...
Thinking about starting your own business? To turn your vision of a profitable venture into reality, you’ll need funding. Entrepreneurs sometimes fund their businesses with personal assets and cash. However, most require outside funding for which they submit a “funding request.” What is a funding request? Essentially, a funding request is a written request for funding from a...
Over the last few years and especially during the pandemic, the country has witnessed a surge in the number of startup businesses that have made their presence known. From grocery delivery services to travel tickets, online marketplaces to books and tech gadgets, there has been a spurt in the number of people using e-commerce to fulfill their daily needs. Because of the large number of...
Every startup business needs to focus on its financial balance and make the right financial projections in order to focus on growth. It is important to know and understand clearly where the money comes from, where it goes, how well the business performs, and how it will perform in a couple of months. From an investor’s point of view, this information is vital to their making a decision of whether...
French writer Milan Kundera once stated that ‘Business has only two functions-marketing and innovation’ Don’t you believe that’s true? Marketing is just as important as Innovation for all sorts of businesses, regardless of their size or funding. Founders must plan a budget not only for hiring a competent team, operational costs, etc. but should also consider how much money should a...
A startup is so much more than just a company in its early stages. It is a small operation that is aiming high; almost like innovation waiting for the opportune moment to go boom! If this bears resemblance to your business then you should learn some common startup funding terms to help you in the early funding stages. Startup funding terms Speaking of help, CoffeeMug.ai is the most suitable...
Many small business owners tend to think of themselves as CEO but sometimes help is needed. As a founder, there comes a time in your company’s growth trajectory when you need to hire someone from the outside to take charge and take the company forward. Knowing when to step away from a company can be an incredibly difficult decision to make but it is better for founders to make this decision on...
To every startup entrepreneur, seeing their concepts or ideas morph into tangible, hot selling, money-spinning models is the stuff of dreams. The journey from a scribble or that remarkable eureka moment, to a full-blown commercial enterprise, however, is strewn with speed breakers. The biggest stumbling block perhaps is access to precious capital held by the pool of investors out there. To get...
Every startup needs to have a solid business plan in order for it to survive the initial stages and grow into a successful business. Unfortunately writing a business plan that is credible and works is not as easy as just putting pen to paper and writing out of the top of one’s head. A business plan includes numerous aspects but one of the most important segments of it is the financial plan for a...
