Think about your local grocery store, restaurant or the car rental agency. They are all examples of small businesses, and these small businesses are the foot soldiers of any economy. In most of the sectors, they are the ones who ultimately serve the end customers. Growth in small businesses is a crucial parameter for measuring economic growth. Here are a few difficulties faced by small businesses: Operational Uncertainties The lockdown to curtail the spread of…
Recently, a friend of mine clicked on an email from her bank. The mail provided her with a link to login to the bank account to claim reward points. However, on closer inspection of the site, she realised that it was a fake bank website meant to steal sensitive information. This is one such example of phishing. It’s when you hear of incidents like this that you start to wonder: Is online banking safe? How…
It will not be an overstatement to say that employees are the most valuable asset of an organisation. Hiring and retaining employees is no longer about salary payouts. From performance incentives and festival bonuses to investment options and loans, managing employee expenditure forms a separate area of strategising for organisations. This makes cash management particularly crucial for new businesses. Millions of small and medium-sized businesses in India deal with the hassles of multiple employee payouts…
