Managing inventory is a crucial part of a business, especially when the scale of operation is large. It determines how effectively you are utilizing resources and influencing the profitability of your business. In this blog, we are going to discuss techniques to manage inventory, particularly for SMEs. Before coming to that, let’s understand the basics.… Continue reading A Guide to Managing Inventory Efficiently
Why Most Of The Indian Start-Ups Fail In 2023 [Not To Do List]
![Why Most Of The Indian Start-Ups Fail In 2022 [Not To Do List]](https://themunim.com/wp-content/uploads/2022/11/Blog-Image-1.jpg)
India is the home of 107 unicorns. Until September 2022, 21 unicorns were born in India, surpassing China. It is surprising to note that 1 out of every 10 unicorns globally has been born in India. Looking at the statistics, the situation seems bright. Unfortunately, it is not so! The so-called unicorns of India have… Continue reading Why Most Of The Indian Start-Ups Fail In 2023 [Not To Do List]
Comparing: NEFT VS. RTGS VS. IMPS
A few years ago banking services were sluggish. The customers had to stand in queue for hours at stretch to get the work done. This situation could be a nightmare for entrepreneurs because they always run short of time due to the scale of the work they are involved in. To save the valuable time… Continue reading Comparing: NEFT VS. RTGS VS. IMPS
Everything You Need to Know About E-Invoices Under GST
Recently, the GST council declared mandatory e-invoicing for businesses exceeding 5 crore turnover annually. This announcement left the industry baffled because earlier it was mandatory only for large-scale enterprises. Unlike MSMEs and small businesses, they can bear additional compliance costs of e-invoicing but it is pricey for SMEs. If you are also worried about the… Continue reading Everything You Need to Know About E-Invoices Under GST
Top 10 Features Of Munim [Bookkeeping Software]
![Top 10 Features Of Munim [Bookkeeping Software]](https://themunim.com/wp-content/uploads/2022/10/image3.png)
Do you know you can increase your business revenue by 5X with the adoption of cloud-based bookkeeping software? Hey wait, this is not a sales pitch, okay? According to Xero, firms equipped with accounting software grew 15% YoY while firms practicing traditional accounting grew only 4% YoY. So? Want to know more about free bookkeeping… Continue reading Top 10 Features Of Munim [Bookkeeping Software]
Insights On The Current Repo Rate Change In 2022
The Reserve Bank of India (RBI) is the central bank of India that controls the monetary policy of the Indian currency. On 8th June 2022, the repo rate increased from 4.40% to 4.90%. The main goal behind this is to make inflation stable and maintain monetary stability. When we face a financial crisis we approach… Continue reading Insights On The Current Repo Rate Change In 2022
Govt Announced GST E-invoice Limit Reduced To Rs.10 Crore
On 1st August, 2022 Government announced that GST E-invoicing will be mandatory for firms whose turnover exceeds Rs. 10 crore with effect from 1st October. Earlier the limit for GST E-invoice was Rs. 20 crores but now the limit is reduced to Rs.10 crore. Until now the limit has been reduced five times. At the… Continue reading Govt Announced GST E-invoice Limit Reduced To Rs.10 Crore
PhonePe Loan In 2024: Know How to Get a Loan from PhonePe?
PhonePe is a simple and efficient mobile payment application that allows you to pay bills quickly. PhonePe provides a secure platform for individuals and businesses to process transactions electronically. PhonePe also offers a loan facility to its users, through which they can avail of loans from PhonePe. This blog will provide all the details regarding… Continue reading PhonePe Loan In 2024: Know How to Get a Loan from PhonePe?
What is Outbound Marketing? Outbound Marketing Types & Examples
There are hundreds of marketing tactics that can be implemented online; however, there is one main type of marketing that most marketers focus on Outbound Marketing. Outbound marketing describes a company’s communication strategies that involve the use of media outlets like print, television, and radio in order to create awareness and increase sales. Outbound marketing… Continue reading What is Outbound Marketing? Outbound Marketing Types & Examples
Eco-Friendly Entrepreneurs 2022: 25+ Sustainable Business Ideas
Did you know that India is a hotbed of eco-friendly businesses? There are countless entrepreneurs in India who are turning to sustainable practices to run their businesses. And it’s not just small businesses – even large corporations are getting on board! If you’re looking to start an eco-friendly business in India, you’ll find plenty of… Continue reading Eco-Friendly Entrepreneurs 2022: 25+ Sustainable Business Ideas