Every small and medium
business is talking about liquidity crunch.
I thought why not write a blog for same and I am here;
Dear Friends, whenever
any new news comes, we immediately pick that and especially when it is very
well be used in a business communication , some of the news which was quite
popular and used quite often by many of us to avoid the financial
responsibility. Some of the popular work
to highlight “ Bhai Election ka time hai, Dhanda Manda hai , Bhai March Hai Dhanda
tight hai sambal ho , After Election teji ayega, thoda rukhja bhai ” and now
the latest trend in the business market is “ Bhai liquidity problem hai , paisa nahi ha raha hai ” I am sure
many of us have heard this and many of us might also used it, friends I have a
question for you of that in what direction
are we going and are we running the business rightly
and in a right direction ? It is a question one should ask with themselves and
try to find out the answers ?
With this, I am sure you will get
the answer but you will justify your answer by saying “ Kya Karu Bhai, Majburi hai ”
Friends, such things in business
will not help one to grow in business. There is never a right time for
business. We need to bring the right time for business, whatever business you
are into. The real problem is not with
the market, it is with your business and its management, particularly with your
Finance management. Accept it or leave
it. It is on you and it is true.
Many of us have incurred their business
expenses in expectation of increase in the business and whereas some are not
taking any measures to improve their business, some have good business but they
are just playing with it. Are you among
those who wait for news to come and use it in business communication and while
honoring financial responsibility? If yes ! Stop such things and start business
by following the very ground rules of any business to grow and which make you
to succeed. Some of the ground rules to
be taken care:
1) Manage
your business before your business start managing you.
2) Follow
and maintain business integrity irrespective of your business.
3) Budget
your business Income and Expenditure at regular intervals.
4) Forecast
your business, understand your risk appetite.
5) Run
every business independently with its separate Books of Accounts.
Following these simple rules in your
business for managing financial responsibility, can make your business to grow
and expand to the next level.
Thanking You…Yours Arjun , Reach me
@ arjun@arjunamanchi.com.