by chinmayadmin | Dec 31, 2022 | Episodes
opportunity cost Mother: Chinmay, the bike of yours that is in the garage, you hardly use it. Why don’t you sell it? Me: (being a hardcore fan of the Royal Enfield Bullet I felt insulted and replied with a higher tone) MAAAA… it is not a bike! It is a Royal Enfield...
by chinmayadmin | Dec 31, 2022 | Episodes
Non-Performing Asset (Finally, I took a week off by taking my mother to Agumbe – it gets the highest rainfall in India and moreover, it is where my mother was born and brought up. My mother’s ancestral house is more than 300 years old. Her brothers and my cousins live...
by chinmayadmin | Dec 30, 2022 | Episodes
There are only two rules in business: Rule #1: Always earn more than you spend. Rule #2: Never forget rule #1. To know if a business is earning more than its spending at any given point in time, stakeholders should know the pulse (numbers) of the business and numbers...
by chinmayadmin | Dec 30, 2022 | Episodes
(Downloadable spreadsheet available for download on SMART Forums) The one question you must ask yourself as a businessperson – are you a finance person? Before you read this article, I need you to answer one question. Who is the finance person in your business? Is it...
by chinmayadmin | Dec 30, 2022 | Episodes
I my last article I ended with a question – is there a difference between Finance & Accounting? I recently conducted a seminar at Holmesglen University, Melbourne. In that seminar, I asked the same question to a dozen business owners. Most of them answered ‘yes.’...
by chinmayadmin | Dec 30, 2022 | Episodes
In my last article, I explained the difference between Finance & Accounting by comparing business with game of football. Let me continue the same to explain Balance Sheets. (You can read my previous article later by clicking this link) Imagine a veteran football...
