Many small business owners are unaware of the license procedures that are required for operating their business. The license for a business depends on various factors like the type of the business, the regulations, and policies imposed by the government and the area in which they are planning to start the business. The license is a legal permit given by the local government to the company that indicates that it runs an authorized business and it is not only applicable to the new business, but even an existing company has to renew their application after a particular period. There are some businesses that require more than one license to operate their business legally in that state which is time-consuming and expensive, even though it is a tedious and frustrating process, obtaining all the legal documents and certificates enables the business to operate without any issues. Because if a company is found in non-compliance, they have to pay penalties and they are chances even for permanent closure of the business. Continue reading “Acquiring 10 licenses / registrations ensures that the business is legal”
Tag: small business
Right, now as we talk about cutting down expenses, a lot of things come to our mind. Like, that one time when we thought we would not waste anymore money on silly things but bought an extra microwave just because it was on sale? And then justified our actions saying that we were being cautious about “what if the first one malfunctions?” No more of that stuff now. Online shopping has entered the picture and it has successfully kept our expenses in check. Especially, it has proven to be highly useful to businessmen and nothing-in-short-of-boon to startup guys who run low in the flow of money during the initial days. This is an informative piece on how to control your expenditure and not get completely bankrupted in the lure of shopping. Continue reading “10 reasons why online shopping can help you cut down your expenses”
The Family Managed Business Movement was pioneered by Dr M L Shrikant who combined Business Acumen, Management Education and Gandhian way of life. Through his life work of building one of the foremost business schools of the country, he propagated mission of “Influencing the Practice here and now”and “Value based Growth.” Linking Gita to Management he was a believer in Abyudaya (Rising together).
Today most of the Family Business discussions around us follow the western ethos which proclaims individualism, competition and consumption. Continue reading “The FMB Movement”