The Definition of Working Capital
Here’s an anecdote. An early-stage start-up had a groundbreaking product. They had created a proprietary mechanism that made your phone diagnostic equipment. And through your phones, you could measure your diabetes and blood pressure. The media lapped it up, and so did the investors. Indeed a revolutionary product of its time. Fourteen months down the line, the same press reports the story, that this start-up has shut shop, and the founder has taken up a job elsewhere. What exactly happened? Did the software not work? Did Amazon acquire the business? Issues with the investors? None of it happened. The founder
Read more7 Ways to Get Funding for your Small Business Idea
Whether you’re starting up a new venture or have an on-going business, various business ideas come and go. However, what matters is their execution. Executing business ideas is what will give shape to your business. For this execution, you need different resources which needs funding. Did you know that more than 1200 start-ups come up every year (the number is increasing every year)? But 90% of them fail due to lack of innovation and operational cost funding. Yes, it’s true. When you’re working on a new business idea, you need people, a website, office space, marketing, and so much more.
Read moreHow To Check Free CIBIL Score Online VIA PAN Card
CIBIL score/rating is necessary to apply for loans such as home loan, personal loan, business loan, etc. A business loan is an essential aspect in today’s life for an individual’s growth, company growth, thereby resulting in the economic growth of the country. CIBIL score is an important factor for obtaining any loan, including a business loan from financial institutions. Checking of CIBIL score The Reserve Bank of India (RBI) licenses CIBIL, and its data related to customers is taken as authenticated. It generates reports of individuals and companies based on loans outstanding, re-payments trends, EMI payments in time, the health
Read more7 Quick Steps to Improve your CIBIL Score
It is a well-known fact that keeping a good CIBIL score holds great importance. CIBIL score is a three-digit number (ranging from 300 to 900) that determines your creditworthiness based on your credit history. Therefore, in case you are looking forward to applying for urgent loan approval, make sure that your CIBIL score is towards the higher end (i.e., more than 750). The more close to 900 your CIBIL score is, the more likely you will prove to be a worthy candidate in front of the bank or an NBFC. Some people still have to realize why people stress so
Read moreWhat Is Considered A Good Credit Score?
As Tyler Gregory said, “If you don’t take good care of your credit, then your credit won’t take good care of you.” The quote holds for both individuals and businesses alike. Credit score or CIBIL score is the one thing, in the financial world, that always keep the holder on their toes. It is so because credit score is responsible for determining their credit-worthiness in front of banks, NBFCs, and other financial institutions. In other words, you need to maintain your credit score if you want to avail easy business loans. But what is this credit score and why everyone
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