Service tax is a kind of indirect tax, which means its charged on the goods and services your business provides and not on the profit you make.  Service tax registration is necessary only when the value of services your business provides exceeds 9 lahks in the year. When your turnover crosses 10 lakhs, you must start charging service tax on …

Scott Belsky famously quoted “It’s about making ideas happen” when asked about entrepreneurship. With the advent of the internet, building your idea into a mobile app has become a lot cheaper, more accessible and more likely to succeed. You can come up with a great idea, hire an app developer to package it into an app, and you’re on the …

Smartphones have changed the world as we know it, and are used for virtually anything like staying up to date with work, taking courses, paying bills, connecting other devices, planning trips and ordering food, leaving the age of modest cell-phones which merely made calls and sent messages far behind. In terms of business, 25% of online retail is heading towards …

In the retail business, revenue is primarily generated from selling products customers. A potential investor is primarily going to be concerned with one question, where is your company getting its money? What are the means through which you are selling your product to customers and how much revenue is going to be generated? A strong revenue model will describe how …

The travel sector is experiencing one of the highest revenue growths with people looking for new adventurous experiences, quick business stop overs or relaxing vacations at numerous destinations all over the world. Travel start-ups are cropping up everywhere connecting the huge customer base to prospective destinations along with airfare, hotel stays and activities. Revenue models for travel startups aim at …

It’s prime time for startups with the many funding programs and incubation centres aiming to benefit small, new companies with low revenues and high potential for growth. The Government of Karnataka (GoK) is behind many of these schemes and benefits in their startup policy for 2015-2020. (The entire policy is available at the bottom of the page) Their vision is to create …

When there are so many startups out there, and you want yours to be the one on top, holding a board saying “I have exactly what you’re looking for! Here I am!”, what does an entrepreneur do? Advertise!! Advertising your brand or product over the internet is an inexpensive and effective way to reach out to your customers. Starting a …

How Patanjali uses modern brand strategy to grow past Colgate and challenge P&G, Unilever. The news must have come through to you too: Patanjali reported Indian revenues of around Rs. 5,000 crores (~ USD 750 million) for the last financial year – and in doing so went past Colgate in India. Even more interesting is that Colgate is almost 8 …

The franchise industry is rapidly growing!  Many budding entrepreneurs see the benefits in opening a franchise; including being their own boss and growing a business that already has a successful blueprint laid out.  If you’re considering opening a franchise business, here are steps that may help you with the process: 6 Steps to Start a Franchise Business Do you own …

Think you’re a fraud? You are a fraud. At least, that’s what it feels like every time you turn up to work every morning. The boss of your own company? You think to yourself. You couldn’t manage your way out of a paper bag. You could barely manage yourself out of a paper bag with holes in it, like a …