How to organize your small-scale business firm?

By investing in a small scale business with new business ideas which are successful and it can earn a minimum profit in first few years and maximum profit in later stages of the business will always be the best part in the life of the entrepreneur.

An entrepreneur is people who find the opportunities in every business situation and try to take a measurable risk for increasing the wealth of the organization.  It is essential for an entrepreneur to organize certain things in both early and later stages of the business.

Here are the few steps involved in organizing your small-scale business firm in order to be successful;

  • Calculate your income: If you want to be a successful entrepreneur, it is necessary to track all the income generated in the business firm and you need to calculate the different ways of earning the income too.  This will ensure you about the money being generated through the business firm on a daily, or a weekly or a monthly basis.  This will help you to ascertain the amount of money being generated in a particular time period.
  • Calculate your total expenses: Apart from calculating the income of your business firm, it is also important to calculate the amount being spent to run this firm.  Without spending money on the business enterprise, nothing is possible and so you need to spend a certain sum of money for the men, materials, and machines.
  • Try to have a separate bank account: Always don’t combine your personal bank account with the company account.  Try to maintain a separate bank account for the business firm so that the transactions between the customers, suppliers, and the employees will be transparent and clear for your future reference.
  • Get patent rights for your products: Getting patent rights for your unique product will be an added advantage for you in order to derive the benefit over it.  If you get the patent right for your product, you can also earn a part of income from it.
  • Organize both credit and cash payments: Try to organize between your creditors and debtors so that you can miss out any payments payable and receivables.  This will also help you to calculate the total amount of bills payable to your firm creditors as well as the amount generated through bills receivables.
  • Try to digitalize everything: In the present scenario, almost everything becomes digitalized and maintaining all the business operations and transaction on a digital format will help you to access and monitor your business operations anywhere and it is flexible enough to get entire details of your business.  If you wish to have a hard copy, you can take printout and you can maintain it.

Portfolio management- Things investor should be aware of

A financial portfolio is the compilation of all the investments that an investor has invested his money in. It gives an overall idea about how the investments are performing without having the need to look at each one separately. Healthy portfolio denotes that you are able to book profits and all your money has been invested in the right places. The portfolio consists of the details of all your investments like securities, currencies, bonds, etc. With the advent of technology, it has been quite easy for everyone to invest their money on their own. Read through here to know more about trading platforms available.

Managing the portfolio consistently will make sure that it remains healthy and helps in avoiding losses.  If you monitor the portfolio regularly, then it would show you which are investments that are earning a profit and the investments that are making losses.  Below mentioned are few things one should know about portfolio management.

Cut down on all other expenses- You need to save money as much as you can so that you will be able to invest more. You should choose a brokerage which charges a flat fee rather than a commission on every transaction. It will help in saving money with regard to commission expenses and you will lose less money in case the stock value goes down.

Diversify- The best way to maintain a healthy portfolio and avoid losses is by diversifying.  You need to invest in different types of securities instead of investing everything in one single place. Diversifications help in spreading the risk and the portfolio will not get affected much if one of the investments goes bad.

Risk appetite- Management of portfolio requires the investor to identify his/her risk appetite. You should remember that the share market could be very much risky. You should invest only that amount which you are certain that it will not be a burden for you if does not do well.

Equities and debt- At all the stage of the investment process, you need to choose between equity and debt. For instance, debt instruments will offer you with interest on investment on regular basis and you could either retain or sell them till the maturity. However, they offer low returns whereas the equities will offer you a part of the profit of the organization known as a dividend. Risk and returns are high in the case of equities. Hence you should decide which will suit your portfolio better.

Problems Women Entrepreneurs Face

Problems Women Entrepreneurs Face

All women should feel very happy about their entry into the business field. Because nearly days, the women were not at all allowed to go out and pursue their studies, but now everything has changed, and the women are participating in almost all the industries. This is one of the authentic things to welcome. Still, the women entrepreneurs are not able to enjoy everything in the business field and they do face many issues daily. Let us have a look at the major problems every female businessman face daily in their business lives.

  1. Finance:

Finance is the major needed thing for beginning a new business and run it in a grand and successful manner. But the women are facing this issue much in their life and they struggle to get the funds for running their own business and this leads many women to forget their dreams. This must change, and the banks should take some serious actions to provide business loans for the female entrepreneurs to start up their own companies.

  1. Competition:

Almost all the businesses have tough competition and the businessmen and women are ready to tackle all these things. Bu the women entrepreneurs are not able to give a tough competition to the other owners as same as the male entrepreneurs. Because basically the women are of very soft nature and they avoid unwanted fights and problems but nowadays, the women are giving a very tough competition to the opponents.

  1. Family Ties:

The women are the pillars and backbone for their family members and this is the main reason why many women are not able to concentrate on their business lives. They do not have much time to balance both family and business lives and so most of the females avoid taking part in entrepreneurship.

  1. Education:

In the olden period, the females were not supposed to get an education and the outside exposure, and this is truly a bad thing. The education was a great barrier for the women to shine in life. But now it is getting changed more and more and the women update themselves by reading a lot of books and magazines. Education is very important for every one of us, both men and women.


Therefore, conclude that things should change and the women entrepreneurs are allowed to participate in all the business based things. Because the women are the most powerful persons and they have the guts to overcome whatever pains, obstacles and success happen in their lives.


Cryptocurrency- Present and Future

Cryptocurrency- Present and Future

A cryptocurrency is the latest digital money which is used in the financial market which is encrypted using cryptography. This digital currency started to flourish in the late 2000’s and is currently ruling all the trading systems with its efficient transactions. The cryptocurrencies are decentralized and are run using a ‘blockchain’ technology, where there is absolute transparency with regards to all the transactions of every trader. This has facilitated the investors to trade and benefit from the transactions made. Many blockchain-based cryptocurrencies came into the market, of which one has always stood out amongst the crowd. It has an amazing track record of being efficient and user-friendly in the cryptocurrency market.


This is the first cryptocurrency introduced in 2009 by Satoshi Nakamoto. Even though there are numerous other cryptocurrencies in the market, Bitcoin has the maximum value. Bitcoin uses robots to fulfill trading requirements. The automated trading robots facilitate the trader to choose the best volatile market so that maximum profit can be gained.

Why use a crypto robot?

Automated trading robots are pre-programmed with all the required algorithms to move forward with a deal irrespective of an overview from the trader. The robot does not expect the efficiency of the trader in financial or programming skills. This allows even newbie investors to take advanced steps and move forward in the trading franchise. The robot can start a trade at any point of the day allowing numerous open choices ultimately resulting in profit. Further, the robots are programmed to analyze different cryptocurrency and can trade with multiple cryptocurrencies.

Best of Bitcoin

Bitcoin offers different types of robots amongst which two are extremely popular due to their advanced features and customer satisfaction. Bitcoin Code and Bitcoin Loophole are the widely used automated trading robots in the market to aid the agent in their investment. These two bots help to ease the work pressure of the brokers and provides an overall beneficial result to them. Regardless of drop or rise in the market, the robots are capable of fulfilling the exact needs of the buyer.

How to use the robots?

A general assumption amongst people is that robots are difficult to handle and can be a tedious task. But crypto robots are exceptionally easy to handle and their working ability is remarkable. It only requires the user to register with an account, make an initial deposit and choose the programs to be configured into the robot. Then the robot can be launched into the market and profit can be procured easily.

Does it have a future?

Currently, cryptocurrency is emerging as a big player in the financial market with its unique and decentralized value. The value of Bitcoin and other cryptocurrencies are increasing on a daily basis. A progressive growth is seen amongst all the currencies in different branches of finance and trade using these crypto robots as well. The future looks promising for cryptocurrency trading and the robot with a better success rate and astounding benefits.

Trading has helped me improve my life even after retirement

Trading has helped me improve my life even after retirement

How I came across this fabulous opportunity?

A lot of times when I am talking about my achievements at the neighborhood club, I never forget to recount my experiences with online trading. The idea behind this deliberated move is that more and more people who are in their grey year take up trading not just as a means of earning some money but also because it keeps them occupied and therefore less lonely.

The empty nest syndrome can be fatal:

A lot of men and women at the senior’s club tell me that the empty nest syndrome becomes particularly nagging once they drop out of regular jobs and services. Staying in all by themselves with the outside world cut out almost entirely and suddenly at that can be so overwhelming that they have no one to talk to and nothing that they have to live by!

My experience with crypto robots:

I have never had a brush with any kind of finance-related jobs in my career. But I realized that for trading online I did not even have to be!

I signed up for a couple of trading websites and I set my account to autopilot mode. Now, the robot takes care of my trading. I am able to set my risk level so that the robot does not trade in excess of what I can safely afford to lose.

But I have made a huge amount of profits:

For someone who lives off his meager savings and the welfare fund, I thought living was drudgery till I was able to earn decently from online trading. I decided that if I was to live then living with self-esteem will be my way till I hang up my boots!

It has been two years already!

And what a rewarding journey it has been! I have been able to learn so much about trading and have been able to create a fund where I pool all my earnings and save them. I have begun to contribute to charity and institutions where they provide for the needy. I am so glad that I have now become a contributor rather than a beneficiary. It feels good and it feels dignified!

Fighting loneliness is another benefit:

I can be engrossed in trading and thinking up of newer strategies to trade online and that can keep me busy for months. I am glad that I began trading because things have improved for me. I always used to dread a life of a loner but hey! I am glad I got around it and I am having fun with trading. Join the party folks!!


Pros of written communication in business

Pros of written communication in business

A business always needs everything to be in a written format. So, business writing is very important to run a business in any complex situations successfully. There are many advantages to the written communication. Let us take a deeper look at those advantages and use it in our business if possible.

  1. Accurate and precise:

The business writers will always give their thoughts and ideas more accurately and in a precise manner. Because written communication has much value in a business than a verbal communication. We people will change the words we spoke when the communication is verbal, but we will not be able to compromise anyone if it is written communication. So, the written communication in business is always accurate and precise.

  1. Clarity:

The great advantage of written communication is the understanding because some persons have less understanding capacity. If the communication is in written form, the persons can read it for n times to get a clear understanding. This will definitely help to the success of the business. In oral communication, we cannot ask for repeating the words again and again.

  1. Permanent record:

If some important things happening in a business are in written form, it is definitely a permanent record and we can refer it whenever we want to. The oral communication is not a permanent record but written communication is always permanent and it will never vanish unless and until we do it.

  1. Legal document:

The written communication will be considered as a legal document and if there is an issue in a business, we can take legal actions based on the written document and that will be a witness for the issue.

  1. Increase the personal image:

Some persons will not have fluency in their speech and they will miss some important points in an oral communication. But they will be much talented in writing and their writing skills will help them to show off their personal image.

  1. Confidence:

Obviously written communication will create some confidence within ourselves than the oral communication. Because many of us have fear to give a speech before n number of people. At that time, written communication helps us to get rid of that fear and move on with our work with confidence.

  1. Missing out points:

In an oral communication, we will definitely miss out some points to deliver in the speech. But in writing, this will never happen because here we are writing the full content what we are going to deliver in the speech.

The Most Common Cryptocurrencies – A Quick Guide

The Most Common Cryptocurrencies – A Quick Guide

If your intention is to venture the cryptocurrency investment market then, undoubtedly, it is one of the best intentions of your life, as the world is more moving towards the cryptocurrencies. Not only that, even the idea is easily achievable even for the beginners with the concept of trading robots that make the investment procedure a completely uncomplicated one! So, given the benefit, you can any day commence your cryptocurrency investment journey with these popular cryptocurrencies as your reliable investment choices.

  • Bitcoin–The pioneer cryptocurrency, which is basically a peer-to-peer payment system. Despite the fact that it was introduced in 2010, it is still going strong with an unshakeable market cap value! Given the favorable prediction of the experts, it seems the Bitcoin is one of your best bets in this 2018!
  • Ethereum – Not just a cryptocurrency or a mere payment system but a versatile technology that allows the developers to build distributed apps that can satisfy several significant purposes relevant to their businesses. For example, the smart contract feature facilitates the concept of automated contract system that is free of any and every discrepancy.
  • Bitcoin Cash – The scaling of the Bitcoin network involved various views and suggestions and, one such view with some major supporters opted for the hard work of the Bitcoin network in the idea of scaling Bitcoin to more users that led to the birth of the Bitcoin Cash (BCH) in 2017! Now, this newer cryptocurrency has an 8MB block size that could accommodate around two million transactions per day, impressively! Although it is a relatively newer cryptocurrency in the market, it has a huge popularity, for which its market cap value that falls under the top 5 position is the best example!
  • Ripple – Like the Bitcoin, both, the payment system and the digital currency of the system are known as ‘Ripple’, which was mainly designed to offer an instantaneous payment solution for larger financial institutions like the banks. Also, here the Ripple digital currency is owned by the respective parent company, the Ripple, (formerly known as the Ripple Labs) and therefore, there is no concept of the mining like in the Bitcoin network. This also proves that the Blockchain of the Ripple network is different from the Blockchain of the Bitcoin network!
  • Litecoin – The main intention of creating this cryptocurrency, according to its founder is, for it to act as the ‘digital silver’ compared to the Bitcoin’s ‘digital gold’ and therefore, its ways are more or less same as that of the Bitcoins, except for the fact that the Litecoin is 4 times faster than the Bitcoins!

Saving And Investment –Necessary To Survive

Saving And Investment –Necessary To Survive

We read about people becoming millionaires at the age of 25 and retiring by the time they hit their forties. The software industry is creating this new group of entrepreneurs and many of these have acquired wealth in quantities never seen before. Though all of us would like to retire comfortably and relax after working for 40 or 50 years even that may not work in favor of some people. There are many reasons and the most significant one is bad planning.

Diversification is important

Investments are not just about bank accounts, house, and mutual funds. A proper and adequate medical insurance for the family and insurance for the tangible assets are also important and some futuristic investments like digital currencies should also be a part of your portfolio. I have seen people seeking the help of for online trading options and honest reviews of such trading programs.

Slow and steady is the name of the game when it comes to savings and investment. You cannot create a huge retirement fund overnight or even in months. You can take the help of financial planners or read everything that has been out in the public domain. Diversify and put money in different types of funds, debt funds or balanced funds. Gold and diamonds may be some other options but remember that these can appreciate in value very slowly, and may not beat the inflation by appreciating enough when you really want to sell or need money.

Other options

Your past mortgages and future loans need to be paid regularly. So it is also important not to create any unnecessary debts. Out of this one of the most expensive ones is the credit card loan. This is one aspect that everyone should follow diligently, that they should avoid credit card delayed payments or avoid any debts to accrue on a credit card.

Another important aspect apart from diversification is security and staggered realization of money upon maturity. Though we target retirement or some such occasion for the maturity of funds, everything may be due at the same time, and if god forbid the market is down at that time then all the investment will lose value at the same time. so plan the redemption at different time periods. Similar to systematic investments, systematic redemption brings in the advantage of market fluctuations. You must redeem any fund when the price is right or wait for the right time.

Keep shifting your funds and maintain the proper ratio depending on your appetite for risk. Plan well in advance, starting as soon as possible. When we are young, the retirement may appear to be in a distant future, but before you realize, you will have more responsibilities and saving may become difficult. Make saving a habit and be disciplined about it. Soon you will be proud to retire at a younger age and then you can enjoy the benefits of this monetary reward that you created judiciously.



Benefits Of Investing In Mutual Funds

Mutual fund investments can be of any size. These are great choices of managed funds for the investor that does not have the time to manage his funds and for those who do not know about the markets. But investing in a mutual fund should be no excuse to stop learning about the market. It would be a good idea to venture into investing in individual stocks either autonomously or with the help of ready to use trading bots. No matter which path you take it is essential to start with a strong investment plan.

Mutual funds

Though equity mutual funds invest your funds in stocks the process is very much different from that involved in investing with the help of brokers. Mutual funds are known for their diverse nature. A list of the strong assets is selected in a way that minimizes the risks and the losses. The funds are then invested in a variety of assets including bonds, real estate, stocks, and others. The type of assets where the funds are invested depends on the chosen type of mutual fund and the capital being invested. Here are a few advantages to investing in mutual funds-

Flexibility in the capital required

Anyone with any capital size can choose mutual funds. There are funds that can be opened with a very small capital. And then there is also the freedom to choose the tenure as well. With the diversity, they offer mutual funds are suitable for almost all types of investors.

Economies of scale

Unlike conventional investment in assets, the volume of transactions and the volume of the assets being purchased would be high with mutual funds. The larger the volume the lower the costs incurred. This is thus a great way to invest in multiple assets without having to bear large commission rates.

Liquid option for the impatient investors

There are some investors who prefer liquidity in their funds. Whether you are looking to withdraw the capital for a personal use or to invest in a different place mutual funds come with a great liquidity. You also have the option to pick short-term funds. The price to be paid for withdrawal, to sell the invested assets might vary from one mutual fund to another.

Besides all other benefits, the one main strength of a mutual fund is the professional portfolio management provided. So you can easily reap the benefits of investing in multiple assets without having to study them all.

Know The Auditor’s Duty Of How To Consider The Contingent Liabilities And Taxation Records Of The Business

Know The Auditor’s Duty Of How To Consider The Contingent Liabilities And Taxation Records Of The Business

An Auditor should keenly check with the different contingent liabilities made the business company. This is possible by examining in detail the Articles of Association which lay the definite rules and possibilities with respect to this regard and the due provisions that should be made for such a liability.

Apart from this, there exist certain special liabilities where no single provision is detailed on the books but a note is made at the foot of the balance sheet. For example, the case of Bills receivable which have been discounted and is not matured at the date as per the balance sheet and also the arrears that appear on the cumulative dividends and so on.

  • All these should be examined by the Auditor and he should definitely ascertain the sum to be reserved for this purpose.
  • On this regard, he can analyze the Director’s Minute book on account of the correspondence made with the legal advisers and also, the data collected from the various executives of the business.
  • Thus, he has to confirm if adequate provisions had been made with this regard for all those special liabilities and if in case the Auditor is not satisfied with the reports, he must document it in his report.

While inspecting it has to be seen that the desires of the Company Act regarding contingent liabilities comply with the Balance sheet on the liabilities side.

An Auditor’s role in taxation scheme of a business company

Taxation provisions are important for every business company. Still, the point that needs to be noted is that the taxation records cannot be determined accurately until the final liability on this account is evaluated. At least, a rough estimate for the liability is necessary.

  • It is the duty of the auditor to evaluate the amount accounted to arrive at the provision that is expected to be made.
  • Also, after the completion of the whole assessment process, the Auditor must recognize if the excess or short provision is appropriately attuned in the book of record.
  • In case of the pending appeal and the liability being challenged, this situation should be properly studied by the Auditor and should be detailed in the balance sheet.

If any misappropriate work or false information is being documented in the company’s record book, a reasonable answer should be obtained from the corresponding official and thereby, all the Auditor’s doubts should be solved accordingly.