Category: Consulting

EC Success Mantra

8 Traits of Successful Entrepreneurs

As an entrepreneur you must have heard, and for good reason, that stakeowners invest in promoters rather than the business. Stakeowners are not just your investors. They are your customers, partners, vendors and all interested parties. Smart founders can convert a fledgling thought into a...

Excel Dashboards

Excel Dahsboard Basics

In the simplest terms, Microsoft Excel dashboards are condensed and mostly, visual representation of data sets, including but not limited to tables, charts and graphs. It is a visible display of the most crucial information needed to reach multiple objects, consolidated and arranged on an...

PEST Analysis

PEST Analysis For Every Business

The origins of the popular PEST analysis can be traced back to Harvard Professor, Francis J. Aguilar’s book Scanning the Business Environment (1967). With the same elements as PEST, he called his framework ETPS. Aguilar proposed four primary elements of the macro-environment – Economic, Technological,...

Business Planning

KB: Business Plan

[This Knowledge Base series will include our answers to select questions on Quora.com and miscellaneous queries we get from our customers, partners and other interest groups.] How do I explain other people that making traditional business plans for early-stage startups is a waste of time?

Startup Valuation

Startup Valuation Is Not That Important

If this title got you excited, you could be a fan of television shows or funding events, where unlimited money seems to be on offer and deals closing like some everyday bargain. The real world could be different, though.Once you have a prospective investor excited...

GST Consulting

GST Registration Can Expand Your Business

The current Goods and Services Tax regime in India allows threshold based exemption from registration. Any business supplying goods or services worth less than ₹20 lac (₹10 lac for North-Eastern States) within state is exempt from enrolling under GST. This also implies that tax on...

Startups Entrepreneur

Biggest Reason Why Startups Succeed

Success in any business is a result of a number of factors arranged together optimally. However, some of these factors form the foundation without which other would not function. Idealab’s founder and CEO, Bill Gross shares his views on the key drivers of success and...

Thin Capitalisation Norms

New Thin Capitalization Norms For Foreign Investors In India

Foreign investors in India adopt thinly capitalized or highly leveraged business structures. Thin capitalization implies a high debt-to-equity ratio, primarily designed to lower tax liability. The effective Dividend Distribution Tax rate in India is 20.36%, whereas, interest paid by a subsidiary to its foreign parent...

Market Research

Why Do You Need Market Research?

Before you pick up the telephone and start dialing arbitrary numbers or hurrying out there and informing individuals about what you would like to sell them, you must first determine who would like to be your audience. This is the segment of the total market...

Break-even Point

Break-Even Point And Increased Profitability

Your break-even point is probably one of the most effective pieces of info when controlling the stresses your company’s profitability. Let’s start with an easy definition: break-even point is the amount of sales that you need to generate to cover your entire variable and fixed...

Entrepreneur

7 Times You Should Start A Business

[Firstly, warmest new year wishes to all our customers, readers, and the extended Eurion family] In my experience as a business consultant, the single most important attribute of an entrepreneur is the aptitude – natural or developed. Aptitude is the biggest facilitator of success and...

Market Size

4 Facts About Market Sizing

Whether you are an entrepreneur writing a business plan or a recognized firm seeking to introduce a new product or service, you will need to estimate the size of the market you plan to serve. Easy as it may sound, this is the trickiest and...

Patent Registration

Do You Really Need A Patent Lawyer?

You have an invention — something that would fill a need and make life easier. It might even make you some money, if you could get the exclusive right to manufacture it or sell the rights to it. In other words, you need a patent....

GST

Will GST Lead To Inflation?

With the April 1, 2017 GST deadline fast approaching it is a race against time for the lawmakers, tax department and taxpayers alike. New developments are happening each day. The Goods and Services Tax Council has made the much anticipated move and decided on the...

Memorandum of Association and Articles of Association Differences

Difference Between Memorandum and Articles of Association

Unlike in case of Memorandum of Association (MOA), registration of the Articles of Association (AOA) is a non-binding requirement for a company. Section 5 of the Companies Act 2013 provides that the Articles of a company are to contain the rules and regulations for management....

Memorandum of Association

What is A Memorandum of Association

The Memorandum of Association (MOA) is a registered document containing all the legal data essentially required for the incorporation of a company and available to the public. Section 4 of the Companies Act 2013 describes the 5 clauses that must be included in the document....

Liquidation

New Procurement Norms and Fast-Track Exit Procedures

  It is mandatory for government departments and public sector units to procure at least 20% from the micro and small organizations. The rule that came into effect from April 1, 2015 was designed to create greater opportunities for micro and small enterprises (MSE). To...

Business Registration

Self-Certification for Startups

The Government has brought into effect most of promises regarding ease of doing business as laid out in the Startup India Action Plan. Apart from getting their businesses registered in one-day, startups can now self-certify on labor-related statutory compliances.

Business Registration

One-Day Company Registration

At the time of announcing the Startup India Action Plan and Budget 2016, the Government had promised to expedite business registration processes as a measure of improving ease of doing business. One-day business registration, after some initial technical glitches, has become a reality. Private companies,...

Business Loan

Collateral-Free Loans for Small Businesses

Startups, micro and small enterprises usually do not find much favor with banks. To break this pattern in India, the Government has come up with various schemes that ensure small business loans at relatively easier terms. Most schemes are backed by credit guarantee and refinance...

Patent Registration

Fast-track Patent Registration in India

India wants to establish itself as a patent registration hub, such that the startups from anywhere can register here. Towards this end, the Government has implemented a lot of intellectual property related proposals laid out in the Startup India Action Plan (Read here). The proposals...

GST

GST For Ecommerce: What It Means

The Goods and Services Tax is soon going to be a reality in India. While the Government is still finalizing the rate and fleshing out the details, here is a look at what GST means for ecommerce, one of the biggest startup sectors. The Draft...

Patent Registration

What is A Patent?

The Indian law for patents is enshrined in the Patents Act, 1970 as amended by the Patent (Amendment) Rules, 2016. So what is a patent? A patent is an exclusive monopoly given by the Government to an inventor over his creation (innovation) for a limited...