Litmus test to know if your cash flow is going for crash

    Cash is King in any business and cash flow is as imperative as the soul in the body. Cash flow means cash inflow and cash outflows of a business. Cash inflow is through collections of sales, borrowings and other sources. And cash outflow is by payments for purchases, expenses, for capital expenditures and others. Any business must be able to match its outflows with inflows. Cash flows properly handled will help organization see the profits turn to reality. Few Litmus test to know if your cash flow is going for crash: Expenses Management No planning for your day to day, Quarter and annual expenses No Limit set for non-recurring expenses like marketing, Repairs maintenance, business promotions etc. Only postmortem of Expenses Expenses incurred without making any business...

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Journey to managing your personal finance

       We all work for organizations and make significant contribution to the financial growth of the organizations. Similarly, we need to take care of our financial growth as well. There is a direct relationship between our personal finance and our productivity. One of the common distractions at work is contemplating on how to arrange money for an immediate financial commitment. The more organized and proper you are with your personal finance, more the clarity we will have about our goals and commitments. To achieve excellence in work, we need to get our personal finances in place. It’s a journey on its own and let’s explore this journey of achieving excellence in personal finance. In a country like India, an individual often does not earn for himself/ herself but...

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