Skip to main content


Showing posts with the label business tips

All the 9 Phases of a Merger and Acquisition Process: The Complete Guide

Mergers and acquisitions process is one of the most strenuous legal and financial process in a business' life cycle. Although many startups look forward to being acquired by a large MNC, thus bringing in the pay-day, most don't realize the numerous phases involved in a merger and acquisition process. Although the words "mergers" and "acquisitions "are used separately, the process is quite similar. Both a merger and an acquisition involve two businesses fusing together to become one. In the case of merger, we generally indicate that the two business fusing together are of a similar size whereas in the case of acquisition, we generally mean one larger business absorbing another smaller business into its fold. Although the M&A process is quite long-drawn, I have divided the process into a few key steps that are essential in order to close a successful merger deal. The steps are- Creating a merger and acquisition strategy. Identifying targets for M&A. Ex

9 Definitive Ways to Improve and Manage Your Small Business Finance

Growing a startup or a small business is tough. There are so many things that can go wrong and only a few that can go right. You need to be very considerate about spending money, ensure that you can raise money when the need arises, as well as ensure that your business has an optimal working capital balance. And that's why managing your small business finance well, is a very important trait that entrepreneurs must have. That being said, in this post, I am going to show you how you can better manage your small business finance as well as improve your startup's financial condition. So, let's get started! #1. Get Rid of Excessive Stock Try to keep your startup as lean as possible. A small business’ finances are in the best shape when it uses its resources in a more optimal fashion than its larger competitors.   Alex Wan, the co-founder at Vinpit feels excessive stock can strain cash resources, while insufficient stock might result in lost sales and weakening customer rela

What is the Minimum Viable Product? - A Guide on What MVP Means

When you have a business idea, there's a high degree of certainty that the idea is not perfect. And, that's why you need to test it out in the real world. Well, there are numerous ways for testing your ideas - for example, you could create a proof of concept, a prototype or even an MVP and show it to your target audience and get their feedback. MVP is short for minimum viable product. Although it has product in its name, it could well be a service as well. An MVP is the most bare-backed feature stripped model of your business idea that you can sell to your audience initially. That's why it is called "minimum viable". It has the minimum necessary features so as to be viable for your audience. What is the Minimum Viable Product - The Basics A minimum viable product (MVP) is a Lean Startup concept that emphasises the importance of learning in new product development.  An MVP, according to Eric Ries, the founder of the book, Lean Startup, is the version of a new prod

How to Do Market Research: A Definitive Guide

What's the one common thing that's ruining startups and businesses worldwide? Hint: Not doing your due diligence (aka market research) before jumping into the fray. We, here at WinSavvy, are a startup consultancy. We often work with startups handling their mundane tasks like marketing and legal complicances, while they can focus on developing their core product and service.  Over the years, we have stumbled across one common pattern. Most startups - and these are startups which are around 1-2 years old (and looking for funding or have just gone through seed funding and now are looking for venture capital) - they think they have a marketing problem. One - two year after they have released their product, they find that they can't find customers. And, they think it is a marketing problem. Now, we do have a market research service. We provide an in-depth study in finding out whether your product or service is wanted by customers or if the product you have made is suitable for

How Business Owners Manage their Working Capital: 11 Unique Industries!

Managing working capital of a business is an art and science in and of itself. And, in fact there is a lot to learn if you are new in that regard. While there are several resources on the topic , this article is not for the uninitiated. This article is mainly geared towards those individuals who are already aware of the basics of working capital. This article is meant to show to you how businesses in several different industries manage their working capital. Now, the question you might be asking, is - why is this important? Well, in the present times, with constantly changing business models  and innovations in revenue models , it is of quite importance to be well aware of how different businesses in other industries apart from your own operate as well. Occasionally that may turn out to help you bring the best of both worlds when you are working on your own business. As such, considering the immense importance of a working capital strategy in your startup's finance , it is importan