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For any new company registration or
new Pvt Ltd Company Registration, their long term growth depends on how they
manage their Accounts at this stage. And no, we are not stretching by
suggesting so and we are speaking this with full responsibility. To grow big.
Company registration needs fund which is next to impossible if your accounting
is not upto the mark. Some of the common accounting and bookkeeping mistakes
made by owners of new company registration are:
Revenue than actual to save GST: We have seen many entrepreneur who show lesser revenue
as they want to save on GST Return. Well, never be pound foolish and penny
wise. Never show lesser revenue than actual as Revenue clocked by your company
registration is actually the most important thing which anyone sees about your
Assets when possible:
If you are buying a TV or a Laptop or a Car which will be sued for your Company
purpose, book the same as Assets for your company registration. Everyone likes
Company with Assets and especially Bankers!!!
losses to avoid paying Income Tax: Pay Taxes. It is not just orally correct but a fine
financial decision as well. If your company is making profits, you should
declare it as in the long run future of your company is decided by it.
depositing cash sales in bank account: If you collect cash as revenue,
deposit it in bank and then take out from bank for expenses. This is the right
way of accounting and doing so also ensures that Bank Account Transactions
invoice for all revenue booked. A basic excel format is OK but raise invoice as
any due diligence which happens later will definitely point out this shot
If you want to start new company as Private
Limited Company Registration, please contact us on +91 8447265465.
you want to avail bookkeeping services and accounting services, please contact
us on +91 8447265465
Time flies and how! In 2014 May, a new
government was formed and we, as leading Company Registration Consultants in
Delhi, saw a wave of optimism sweeping the young entrepreneur in India. We saw
almost 100% hike in new company registration and even ‘Modi baiters’ came up stealthily
started their own company in the hope of riding the positive wave.
There were many schemes launched by
new government such as Mudra Loan, Start Up India, Digital India etc. We are
not here to analyze the success or failure of these schemes though.
India will have next general elections
in about 7 months and this will be one of the most important elections ever for
Start-Up generation. We will be analyzing the implications of these elections
on New Company Registrations and Start Up India.
Government comes back with Full Majority: Share Markets will sky rocket (We
firmly believe that market is already over heated) and VC s will start scouting
for ventures left right and center to fund them. There will be a sustained wave
of entrepreneurship and spike in new company registration would be seen.
Government comes back, but without full majority: Off course celebrations will be
subdued. VCs will still be ecstatic but will be more cautious in funding a new
company registration. Wait and Watch will be the new mantra.
forms the Govt with support of 3rd Front: Congress has successfully
been able to run a government between 2004 to 2014 with support of 3rd
front. Market will react positively to this change if Congress has somewhere
around 180-200 seats. Anything less, and it will be a negative reaction and new
company registration will be cautious.
front forms the Government with outside Support of Congress: God Save Us!!!
Entrepreneur would have to start looking for jobs and that too will be too few
To start new company as Private
Limited Company Registration, please contact us on +91
If you want to avail bookkeeping
services and accounting services, please contact us on
This is the most difficult topic ever
which I have tried to attempt through my blog. In my journey of 6 years+ where
I have seen and studied many start-ups and new company registration. But more
importantly, we have seen many entrepreneur, their aspirations, dejection and
success. We have seen many people waiting for one idea which will make them new
Zuckerberg and never getting it. We have also seen many entrepreneur who do their
thorough research, zero on one idea and get going. Finally, we have seen many
people who start with 2-3 ideas simultaneously before growing one such idea
into something big.
There are many school of thoughts also
which says that idea is the most important thing and till you do not have the
right idea, do not take the plunge. We, very humbly, beg to differ in this
case. We strongly believe that beginning is half done and an idea is as good as
execution and planning. Many Cab hailing services were launched in India but
why did only Ola survive? And why is Meru still surviving despite such
ferocious price war?
This article is for entrepreneur who
really want to take the plunge but are not sure about what the exact idea.
Step 1: Find Partner/s
The first and most important step is find partner/s whom you trust and vice
versa. They maybe your senior, junior, colleague, brother, best friend or an
acquaintance but they should have same passion as yours
Step 2: Take
a small office:
Commit yourself by taking a small office. An office works as an ambience
wherein it is conducive to kickstart your dream. A starbucks will never give
you that ambience
Step 3: Start
with 2 ‘best’ ideas simultaneously: Sit down with your partner and zero
down on 2 ideas which you feel has most potential. One of the idea should be
conventional wherein you can use technology and disrupt later on. The second
idea can be something unconventional, high risk high return types.
Step 4: After
Six months of commencement of operations, take a stock review with your
every six month, take a stock with your co-founders and if you feel that anyone
of the idea is not going as per your plan, drop it. Do not drop both the ideas
at same time as it may not be the wisest and most efficient thing to do.
founders of new company registration are constrained by funds and try to save
money in every possible avenue. Many founders of new company registration do
not take an office space to save money but as leading company registration
consultant and business consultant who have worked with over 1000+ start-ups
and new company registration, strongly feel that this is not the best way to do
so. Here are the reasons mentioned:
Ambience: How much you try, it is very
difficult to have right ambience at home to put in the amount of hard work and
dedication needed to run a company registration. At home you can have numerous
distractions and you tend to be lazy when there is no work whereas in office,
even if you have few moments in between you can utilize the team for some
important research work
Employee: Employees normally look for a good
office space to work and by not going for a good office space, you may run the
risk of losing some good employees. If your team size is less than 4, shared
office is a good option and if team size is more than 5, you can always go for
personal office for your company registration
Motivation: A good office space works
as a motivation not for you but also for your team. There are few things money
cannot buy, and motivation is one of them for sure!!!
Clients: If you have a client who would like
to visit your office, it can be a potential deal breaker if your office space
is not up to the mark.
start new company as Private Limited Company Registration, please contact us on +91 8447265465
you want to avail bookkeeping services and accounting services, please contact us on +91 8447265465
Every entrepreneur when doing a new
company registration has one dream, to see his company registration and brand
across globe. Most of the entrepreneur because of lack of funds and resources
set up the operations from one city. Now the question is when should the
company registration diversify to second city? Having worked as a Business
Consultant and Company Registration Consultant for over 1000+ new Pvt Ltd Company Registration, we have seen many entrepreneur starting operations in 2nd
city too early without being fully ready or having requisite resources and burn
their hands. We also have seen many company registration setting up operations
in 2nd city tad too late and in process losing out precious time,
which is the most crucial resource for a company registration.
Through this article we will share our
suggestion based on our experience about when to set up operations in 2nd
Breakeven in launch city: It
is very important that you should be either breaking even or have clear
visibility that by when will you break even. It is very difficult for a small
company to have 2 bleeding cities
atleast 6 months of Cash Flow to sustain new city with assumption of zero revenue from
new city. It is a fool hardy to even assume that you will start getting revenue
in 2-3 months
One of the founders should have the bandwidth of travelling
to new city for 10 days a month as a new city is akin to almost new business
you want to start new company as Private Limited Company Registration, please contact us on +91 8447265465
you want to avail bookkeeping services and accounting services, please contact us
on +91 8447265465
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