Business Mistakes You Need to Avoid

Business Mistakes You Need to Avoid

Running a business is a dream for many, but it is not an easy dream to realize. This fact is certainly not helped due to all of the things that need to be sorted beforehand, such as organizing your tax details, setting up a website, producing marketing materials, balancing the books so you can see it will be a profitable venture, and so on.


On top of this, once you have your business off the ground, there are plenty of hazards that could bring you back down to earth with an almighty bump – a bump that might prove impossible to recover from. So before creating your own company, look at the following mistakes you need to avoid.

Not preparing for the change 

This might seem obvious, but you’d be surprised by the amount of people that fail to prepare for the life change when starting a business. Not only are you going to need to invest an unhealthy amount of hours into running your company, but you also have to understand that you won’t be bringing in a regular paycheck – in fact, you could struggle to turn over any profit in those early months.

Going the cheap route 

Trying to stretch your money as far as possible is always a temptation – especially when you’re just starting out – but it is something to avoid. Whether it is the products you are purchasing or the freelancers you’re hiring, don’t go with the cheap option. After all, you want to offer your customers something of value, and a low-quality product or shoddy design work will not achieve that aim.

Keep your finances in order 

To avoid any headaches when tax season comes around, and also to ensure your business is meeting turnover targets, it is vital that your company keeps on top of those finances. Thankfully with the rise of specialist accounting software, this has become increasingly easy to do. Some of these accounting packages even link to your bank account, which assists even more in terms of simplifying the input of figures.

Don’t overlook your logo

If you are a business, you will have a logo. If you don’t, then you’re not only doing your brand a disservice, but you also risk blending into the background. People are less likely to remember you. However, if you do have a logo in place, it can't be just anything. It needs to be thought-out, relevant, new and memorable. It has to represent your company and never become outdated. Creating a logo, though, does not have to be difficult. You can use free software to make a logo; it just has to be eye-catching, pertinent and, most importantly, look good.

Don’t lose optimism 

When starting a business, it is only natural that you will hit a rough patch during this formative stage. Be prepared for this slump, as you don’t want to lose optimism. If your positive outlook takes a hit, it could have a negative impact on your productivity for the business – to the point where that rough patch stretches to being a permanent resident in the graveyard of shattered hopes and dreams.

Nifty hits 10,000

Nifty hits 10,000.

India's premier stock market index NSE Nifty rose to a record high, hitting the 10,000 mark for the first time in history. The Nifty 50 index is National Stock Exchange of India's benchmark stock market index for Indian equity market, launched on 21st April 1996.

NIFTY 50 Index has shaped up as a largest single financial product in India, with an ecosystem comprising: exchange traded funds (onshore and offshore), exchange-traded futures and options (at NSE in India and at SGX and CME abroad), other index funds and OTC derivatives (mostly offshore). NIFTY 50 is the world’s most actively traded contract. WFE, IOMA and FIA surveys endorse NSE’s leadership position.


The NIFTY 50 covers 13 sectors of the Indian economy and offers investment managers exposure to the Indian market in one portfolio. The base period for the CNX Nifty index is November 3, 1995, which marked the completion of one year of operations of National Stock Exchange Equity Market Segment. The base value of the index has been set at 1000, and a base capital of Rs 2.06 trillion.

Making money in equities is not easy. It not only requires oodles of patience and discipline, but also a great deal of research and a sound understanding of the market. If  you are not sure how to go about it, the best way to make money in stock markets is investing via mutual funds.

India has a long way to go in terms of growth and prosperity. Participate in the growth via equity related instruments. Be a wise investor!


Most awaited Central Depository Services (India) Limited (CDSL)  IPO hits the market next week. Incorporated on 12th December 1997, CDSL is the Leading Securities Depository in India by incremental growth of Beneficial Owner (“BO”) accounts over the last 3 Fiscals and by the total number of registered Depository Participants (“DPs”), as at the end of Fiscal 2016. CDSL offer services to the Depository Participants and Other Capital Market Intermediaries, Corporates, Capital Market Intermediaries,  Insurance Companies and Others.

cdsl ipo review

CDSL IPO Details:

Price Band : Rs.145 - 149
Issue Size ( Rs.) Rs.509.92 Cr - 523.99 Cr.
Issue Size: 700,000 Equity Shares.

Bid Lot: 100 Equity Shares and in multiples thereafter.
Offer Period;  Monday, June 19 - Wednesday, June 21, 2017.

CDSL has a wide network of DPs, who act as points of service for their investors, operating from over 17,000 sites across the country. As of April 30, 2017, CDSL has 589 DPs servicing across 29 States and 7 Union Territories including 2 Overseas Centres. CDSL will continue to diversify their product and service offerings depending on investors' needs. They have received the LOI to register as a Warehouse Repository.  CDSL has also planning to expand their NAD project to include more Educational Institutions in the future.

At Rs. 149 per share, company's market cap will be Rs. 1,557 crore, with EV of Rs. 1,009 crore. This translates into EV/EBITDA multiple of 8.4x and 7.3x based on FY17 and FY18E earnings, and a PE multiple of 18x and 17x respectively, which is not expensive.

Giving sound fundamentals, sector tailwinds and inexpensive pricing, the issue is good for long term.

3 Big Data Challenges Your Business Will Face in 2017

3 Big Data Challenges Your Business Will Face in 2017

One of the biggest challenges companies face is balancing competing demands, such as security versus accessibility, data management, and data mining. These problems are only compounded by the sheer amount of data businesses are collecting; we are collecting masses of data without clear understanding regarding how it is used to improve the bottom line and suffer impaired productivity trying to sort through it all. This isn’t the only problem companies face today. Here are the four Big Data challenges your business will face in 2017.

Data Storage

While computing power doubles about every eighteen months according to Moore’s Law, the amount of data we generate is increasing 40 to 60 percent per year, depending on the business. This is separate from the indexes used to try to track the files where the information is stored and backups of the backups demanded by various government regulations or contractual requirements.
Companies are considering “data lakes” that store masses of data in unstructured formats, but now the problem of finding and converting data to usable information becomes even bigger.


Making Use of Data

Data takes the form of raw numbers and entries. Information is what you have when data has meaning attached. Knowledge occurs when you can use information to your benefit and we are throwing so much data at knowledge workers they are struggling to make use of it. Businesses face the challenge of finding people who can mine big data to generate the information knowledge workers need to make good decisions at the time they need it. This is a problem foreseen by management guru Peter Drucker, but at a far greater scale than what he imagined.

This challenge is multiplied by the various locations where data resides and conflicting data formats. And that is why Big Data analytic experts are paid such high salaries. The democratization of predictive analytics could potentially reduce this problem, but that is still in the future for most business cases, since data is becoming both more complex and disparate.


Security is a major problem for big data companies. The cloud storage used to host the masses of data at a low cost per terabyte also gives many different people access. Even when the cloud server is relatively secure, backups and backups of backups to minimize disruption have to be protected and not always are. With the internet of things, security is often a distant third or fourth concern compared to data collection and sharing, though this information can be used against consumers.

Security can also be difficult when recovering lost data. Unfortunately, third-party data recovery services absolutely have to have access to crucial information when performing data recovery. This is why you should only work with SSAE 16 certified data recovery service such as Secure Data Recovery. You should also consult a secure data recovery expert from the start when setting up your databases.

Data storage has long been a problem for companies. Technology has kept up to date, but the internet of things and demands for 100% uptime make this a greater problem. Mining the massive, disparate, scattered and complex data sets to make use of it remains a serious challenge. This is in conjunction with the significant resources necessary to perform data mining. Securing data across many different platforms is an ongoing issue that is all too often neglected.

What Is The Difference Between Exchange Traded Funds (ETFs) and Mutual Funds (MFs)?

ETFs vs. Mutual Funds.

It’s important for investors to understand the key differences between traditional mutual funds (open-end) and exchange-traded funds (ETFs). Each has its advantages and disadvantages. This knowledge can translate into making informed investment decisions.
ETFs can be bought or sold just like stocks through stock exchanges anywhere across the country. While, mutual funds do not see price variation during trading hours as the Net Asset Value (NAV) is set at the end of each trading day. This gives an added advantage to ETF over traditional funds.

Rate of Return: Most of the ETFs track a particular index and are considered to have lower expenses than actively managed mutual funds. However, when investing in an ETF, an investor needs to pay commission to the broker. Investment in ETFs works out to be cheaper when compared with traditional mutual funds or index funds in terms of fees and other expenses.

Sales Load: ETFs do not attract any sales load or there are no minimum investment, where as traditional mutual funds, may have both.

ETFs does not attract Taxation ETFs are considered more tax efficient when compared to mutual funds.

While mutual funds and ETFs are different, both can offer exposure to a diversified basket of securities and can be good vehicles to help meet investor objectives. What is important is for investors to pick the best choice for their specific investing needs, whether an ETF, an open-ended mutual fund, or a combination of both.