In our endeavour to help entrepreneurs to grow their businesses, we published lot of insightful articles last year. Ive handpicked 15 of them that instantly stuck the cord with our readers. Hope youll enjoy these posts.
Here are our most popular business articles from year 2016..
1) 12 Inventory Management Techniques To Cut Losses
Inventory is one of the major assets of a business and it represents an investment that is tied up until the item is sold or used in the production. It also costs money to store, track and insure inventory. Inventories that are mismanaged can create significant financial problems for a business.
By paying close attention to the 12 key factors mentioned in this article, inventory managers can build and sustain an efficient inventory management system that saves time and money.
2) How To Future-Proof Your Business
Lot of business had to either change the way they work or shut down due to these fast changing environment. This brings us to an important question Can we future proof our business? Can we increase the chances of business survival?
We cant predict the future but we can definitely prepare our business to face unforeseen challenges. Here is a list of 8 strategies that can help you to future proof your business.
3) 12 Things Every Business Must Do Before Financial Year End
Its always great to keep this checklist handy during the financial year end activities. It is important for those who are required to follow mercantile system to ascertain the transactions accrued up to 31st March and to properly record the same in the books of account.
Here is a checklist of 12 important activities every businessman should complete before 31st March every year.
4) Tip To Manage Healthy Cashflow In Your Business
Whether your business is growing or struggling, managing your cash flow effectively is absolutely essential, and for many, its the key to business survival. Youve probably heard the statistic that over 60% of businesses that fair are still profitable, but just ran out of cash.
In this post, we explain tips to fix cash flow problems and best practices to maintain a healthy cash flow.
5) What Is UPI & How It Can Benefit Your Business
India moved a step closer towards becoming a cashless economy with the launch of Unified Payment Interface (UPI). With this new payment method, your smartphones will soon double up as virtual debit cards and youll be able to send or receive money instantly.
In this article, we are trying to explain this new payment method in detail by answering top 10 questions.
6) 25 Free Google Tools That Most People Don’t Know About
We use popular Google products like Gmail, Google Drive and Docs almost everyday. But ever thought of using Google for business? Im sure youve never heard about at least half of these free tools.
7) Best Co-working Space In India
As a business owner, we are always looking for ways to cut costs. If you operate out of a metro city, its difficult to find cost-effective options for business meetings, conducting interviews or finding an affordable place to work. Sometimes investing in an office infrastructure is not possible for early stage businesses. This is where co-working spaces help.
In this post, we’ve listed best places that offer co-working facilities.
8) Why Hiring Interns Can Benefit Your Business
As an employer, hiring an intern has a lot of benefits apart from low costs. Hiring interns is an excellent way to build your company. Employees make up the company and it is paramount to have employees who are the right fit according to organisational values.
In this article, we explain the benefits of hiring the interns and sites that can help you hire.
9) How To Write Effective Invoice Payment Terms
Sometimes, your invoice is the last communication that you have with your client and its very important to leave lasting impression. At ProfitBooks, weve seen many businesses suffer from late payments due to improper invoice payment terms.
In this post, weve explained how to write invoice payment terms that can help you get paid faster.
10) 20 Easy Ways To Save Tax In 2017
In todays scenario where doing business has become more stringent due to the mandatory requirement of complying with multiple & complex laws, taxation law is something you should outsource to an expert.
In this article, I will discuss 20 tax saving tips that every business owner and startups should follow to avoid unnecessary taxes.
11) India’s Most Comprehensive Guide On TDS
If you do not have an accounting background, managing tax compliance can be a difficult task. As the name suggests, the concept of TDS is to deduct tax at its source.
In this comprehensive guide on TDS, we are answering 15 frequently asked questions by business owners.
12) How To Separate Personal & Business Finances
Certain things just dont mix well like a good scotch and soda, like Rajnikant and Laws of Physics, like Rahul Gandhi and politics and like your personal finances and your businesss. Keeping these things separate not only helps you reduce problems, it also greatly simplifies things and makes it easier to manage your finances.
This post will help you to start separating out your personal and business finances in a proper way.
13) How To Raise VC Funding For Your Business
An entrepreneurs journey starts with an idea. But when his small business gets off the ground, capital is required to fuel the growth. Earlier, I had written about 10 funding options for startups in India. Raising venture capital is one of those option.
In this article, well discuss VC funding in detail.
14) Tips For Setting Salary As A Business Owner
Mukesh Ambani takes Rs. 15 Cr as his annual salary, Snapdeal co-founders earn Rs. 46.5 Cr each, Flipkart founders take home Rs. 20 Cr every year, Mark Zuckerberg prefers to pay himself $1 per year and Narayan Murthy earned just Rs. 1 as his annual salary.
So, whats the right salary of an entrepreneur? We’ve explained that in details in this post.
15) How To Use Linkedin For Business Marketing
LinkedIn is a powerful tool and it can immensely help founders, sales executives, marketers and even developers. You can build connections and grow your business efficiently with LinkedIn.
Earlier I used this site just to maintain professional contacts but was amazed to use LinkedIn for business marketing. Im sharing my learning in this in-depth post.
So, which of these articles was your favorite? Feel free to share your feedback in comments section below.
Also check most popular business articles from 2016.