As a CFO and a consultant CFO to many startups and small businesses, I can speak from my experience that starting a business (even with a million-dollar idea) is never easy and especially in a time when the number of failures are going up and only a few percentage is making it to the unicorn club. Now when you start a business, you may think of “how to get funds”, but you may not always be prepared for effective utilisation...
As a business owner you may have built a framework of a growing startup, you have gained dedicated customers so far and looking to gain more stability in the coming months. In this whole process, when everything is going okay, you may have thought of expanding by pulling more investment from the market! Well hold on, there’s the catch. The first question you need to ask before you look for further funding is whether your company is ready to...
Start-up is a common term these days. We hear it frequently, we often read about the success stories, we even use the term from time to time. But how many of us really understand the term? Can a five years old company still be a start-up? Can a Pvt. Ltd. can only be referred to as a start-up? Do start-ups only work on new ideas, new products or services? And the list of questions can go on and on....
