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Entrepreneurs need to give importance to and understand accounting and finance. They may else have someone assist them, in order to drive business success and growth, as well as monitor their company's financial health. Finance is held in low esteem by the majority of startup entrepreneurs. Finance is a back-office, non-revenue producing activity that is not critical in the early phases of a firm, according to the logic. However, this might be a major blunder. Finance is far from being a purely back-office activity that does not create money. The majority of startup entrepreneurs make the mistake of ignoring money, which may be quite costly to their company. Startup entrepreneurs must have a basic understanding of finance and accounting for two reasons: one, to keep up with what is going on in their firm in terms of performance and outlook, and two, because they cannot afford to engage a financial specialist in the early stages. If entrepreneurs are having tr...

You may ask why should you build a startup when there aren't many brilliant ideas and and there's no use in creating a second Twitter or Snapchat. This article answers that question with several top reasons to create a startup even though everything has already been invented. Is it true that there will be no more tremendously successful startups? Obviously not. The world is evolving. What could have failed ten years ago may now have a possibility to be quite successful. Future titans will try things that were previously deemed to be unneeded or unattainable. For example, the biggest technological shift of the last 30 years — the drop in the cost of communication — has made regular engagement across cities and continents economically feasible. As a result, companies like Facebook, Amazon, Booking.com, and Alibaba have emerged. Everyone has had a smartphone in their pocket for the past ten years, which is where Uber, Instagram, and neobanks came in. Several people ...

Ashvini Jakhar served in the Indian Navy before he built a company to serve the e-commerce industry. Prozo now clocks a turnover of Rs. 25 crore. The story of Ashvini Jakhar is about a boy who studied in a village school and became a navy doctor before building Prozo, a cloud supply chain company. Ashvini, who is 38 years old now and hails from Haryana, completed his medical studies at the Armed Forces Medical College (AFMC) in Pune. He reached to the level of Surgeon Lieutenant Commander in the Indian Navy before returning to civilian life and starting a business for the e-commerce industry. Ashvini founded Prozo, a cloud supply chain firm, with just five people about six years ago. "I experienced a knee injury while playing volleyball for my college team in a zonal competition," recalls Ashvini Jakhar. He had two operations on the same knee, which jeopardised his chances of promotion in the navy, so he chose to leave. During the 26/11 Mumbai incident, he part...