A Quick Lesson in Simplifying complex business finance terms

A Quick Lesson in Simplifying complex business finance terms

A younger Mrudula Let me start with my name  People often find it unique, interesting, or hard to pronounce, etc. So here’s how it came into existence…My mom’s name is Ranganayaki and my dad’s name is Murali. My mom wanted the first letters of both their names to come together in mine — R and M. That must have been a tough one to work on for the couple, but they did find a name! Mrudula!  “Mrudu” in my language (Kannada) means soft . My mom usually argues that I grew up to be

A moment of reflection in nature All important life lessons come across as difficulties. It is easier said than done, but only over time do we come to realise that the experience was a life lesson guiding us - and truly a blessing! I recently had that experience, and it truly changed my perspective in business; one client, she did it all single-handedly! The encounter started off brilliantly - lots of enthusiasm, openness, respect, and willingness to learn. We kicked off with

Master Your Money Workshop in collaboration with Doncaster Chamber and Business Doncaster Workshops always bring such vibrant energy — I...

A simple cash flow system to stay on top of money I’m sure you have a specific skill, a passion, or a drive that led you to start your...

While saving is indeed a fundamental pillar of effective money management—and if you're saving, that’s great news—it's worth asking: is that the whole picture? Are we missing something?

Business money management is often perceived as something very complicated – beyond comprehension. Maybe it's due to increasing expenses, fluctuating revenue, and huge expectations around profit and drawings.But in reality, it comes back to the basics of money management principles – budgeting, expense management, and savings.

A ship wreck, just like your budget would wreck your life without review process set i, The first step towards financial empowerment and...

You are a business owner, and your business is your only source of income. It is not surprising if you have only one bank account and manage

It is common for businesses to have fluctuating revenue owing to the nature of the business – Hospitality sector tops of the list with other

We often hear the importance of ‘Emergency fund’ when we plan our personal finances to protect ourselves during sudden unexpected events in

As you draw profits month on month, your business also needs a plan to grow. It could be buying an asset, upskilling yourself, etc

It is essential for a business owner to stay on top of cash movements in the business. We did talk about recording real time, but is that en

Recording business transactions is merely an activity to make note of your business cash inflows and outflows. This is done to keep track of

There’s no shortcut to controlling business expenses. The first step is to list every single outgoing cost and categorise them. This process

Business expenses follow the classic chicken-and-egg dilemma: You need to invest money to grow your business, but you also need funds

Desires are inherently one-dimensional, as they originate from our imaginations, Financial desires often have no clear endpoint.

Do you need to be an accountant to run a business? Well you do need to understand some basics of business finance

Starting your first year in business can be both exciting and overwhelming. the money game teaches us the importance of being realistic.