Financial Control Systems Every Family Business Needs
Most family businesses in India are built on trust, not on systems. In the early days, this works very well. The father knows every rupee that comes in and goes out. A brother looks after purchases, a cousin handles the godown, and an old, trusted accountant manages the books. Everyone knows everyone, so there is […]
Profit Leakage in Trading and Distribution Businesses: Where Money Silently Disappears
Think of a trading business that has just had its best year. Sales are up, the godown is full, new customers have come in, and everyone is busy. But when the final accounts are ready, the profit is almost the same as last year. The owner checks the numbers, asks the accountant, gets an answer […]