Invoice Bazaar Blog

Views on SME Business

How can I take over and make my Dad’s small business more profitable and successful?

By Invoice Bazaar | January 11, 2021

Your Dad will want you to take over his small business when he decides to retire. Inheriting and taking over your father’s business venture gives you a massive advantage as you are..

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Is there any age bar to become an entrepreneur?

By Invoice Bazaar | January 7, 2021

There is no age bar for becoming an entrepreneur as you can embark on the path of entrepreneurship at any time and become a successful business owner, regardless of your age..

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Positive cash flow and net profit are both important for running a business successfully

By Invoice Bazaar | January 3, 2021

Cash flow and profitability are two crucial parameters that enable us to evaluate a business enterprise’s financial health. While positive cash flow indicates that more..

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How do you convince someone to do a Zoom call when that person wants to meet physically?

By Invoice Bazaar | December 30, 2020

One of the major impacts of the onset of Covid-19 pandemic is that work-from-home and virtual meetings have become the new normal for a vast cross-section..

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Entrepreneurs should continue to be frugal even after they start making good money

By Invoice Bazaar | December 25, 2020

Frugality means taking every possible step to save money by curtailing unnecessary expenses. For instance, when setting up their first business ventures, most of the..

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Why it is better to build your business without external funding

By Invoice Bazaar | December 21, 2020

If you depend on sources outside your venture for funding your business activities, then it is called external funding. oans from banks or individuals as well as funds from investment firms..

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Ideally, aspiring entrepreneurs should seek advice from successful startup founders and not from consultants

By Invoice Bazaar | December 18, 2020

You may get the best advice about something you are planning to do from someone who has been there before and done that..

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In business, ideas are worth nothing; it’s all about taking action!

By Invoice Bazaar | December 15, 2020

Every successful business owner knows that merely having a great idea is not going to guarantee success. As an entrepreneur, what is more important is your determination..

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Why is it essential for entrepreneurs to adopt automation in their businesses?

By Invoice Bazaar | December 7, 2020

Automation is no longer a choice for small and medium enterprises but a necessity because of the rapid changes occurring in the business and industrial sector across..

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Entrepreneurs need financial acumen to make their startups successful

By Invoice Bazaar | December 3, 2020

The insight and ability to make good financial judgments as well as take prompt and sound financial decisions wherever and whenever required, is known as financial acumen.

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When starting a business venture, the devil is in the details!

By Invoice Bazaar | December 1, 2020

“The devil is in the details,” is a well-known truism that entrepreneurs on the verge of setting up their own business ventures should never forget. That is because when one is in a hurry to get the business started..

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How can a non-finance person understand financial statements?

By Invoice Bazaar | November 28, 2020

The three important financial statements are the Profit & Loss Account, the Balance Sheet and the Cash Flow Statement. They enable us to evaluate the financial health of a company as well as its risks and potentials.

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