August 16, by Sreekanth Reddy Comments A friend in need is a friend indeed. We generally approach our friends or close family members when we are in need of any financial help. We lend or borrow money based on mutual trust. Usually these types of loans hand loans are unsecured.
Recurring costs for running a web based business: Web site design no cost as I knew coding and I modified a free template to suit what I do Logos, Branding again no cost as I try to do this on my own Set up fees some hosting companies charge one time setup fees when you get a website.
The biggest invisible cost is your time I work roughly 8 hours a day, 7 days a week. But this is all invisible and you do not feel this cost as a burden on your business.
Internet, telephone and electricity charges House rent — most of the online businesses are run from home. Books, resources etc — To stay ahead in your business, you need to constantly read books or access resources to improve your knowledge.
Most of this is invisible cost. That is if I have a bad month, I pay low on these and on good months, I pay more. If you convert the amount to Indian rupees, it is INR 11, approx. It is not such a huge amount if your business can generate atleast a thousand dollars in revenues every month.
What are the expenses like for you? I would love to know how you keep your business lean and mean. If you are planning to start a business, share your estimates and constraints thru comments. I can probably guide you by giving some suggestions on how you can reduce the expenses of running an online business.Budget & the Finance Bill have been tabled in Parliament.
The Income Tax Slab rates have been kept unchanged by the Finance Minister for the Financial Year (Assessment Year ).
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We would like to show you a description here but the site won’t allow us. My name is Chandoo.
I am an entrepreneur based in India. I run my own Microsoft Excel based business. Visit r-bridal.com to learn more about my business.. In this site, You can follow my journey as a start-up owner and learn from my successes and failures.