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Sometimes, even Care Givers need a Check up.

Marketing Team

Marketing Team

The global healthcare industry is growing at a stable, if unspectacular rate, and is expected to earn revenues of over $1.8 trillion this year.

The Indian healthcare industry has turned into one of the country’s largest sectors in terms of both revenue, and employment. The industry has grown at a rapid pace and is expected to be worth over $350 billion in the next few years.
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The part of a Business Plan most of us ignore – Financial Planning

Marketing Team

Marketing Team

Any new business setup or an existing organization requires a strong business plan to succeed and survive. Marketing, strategizing and positioning are important aspects of a business plan, but do those aspects matter when there isn’t a good display of some figures and forecasts to understand the company’s current stand and where it’s headed? If your set-up is new, you will most likely have an academic approach to your business plan and if it is undergoing an expansion, you will probably have a more practical approach. But it is the long-term approach of planning your finances within this business plan that will determine its success and tackle any potential barriers. Financial planning is what ensures whether a plan is viable or not.
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Business Partnering with high growth companies – MyCFO’s implementation services add great value to the CFO’s office

Marketing Team

Marketing Team

Owning a business in the food industry can be both complex and diverse. Food diversity all around the world has cultural sentiments attached to them. One of the foremost cities that is rich in its food ethnicity is Hyderabad.

MyCFO worked on a project with one of the oldest sit-down restaurant chains in India with an annual turnover of approximately 100 crores. The Restaurant owns and manages 6 outlets, all in Hyderabad and Sikandrabad.
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CFOs – The silent heroes

Abhishek Bhoir

Abhishek Bhoir, Assistant Manager, MyCFO,

Every time a successful company comes to our minds, our first thought is what their services or businesses offering are. We quickly then move on to think of their leadership team – the CEO or the MDs. Great CEOs like Jeff Bezos and Tim Cook are, or course, an invaluable key to success, but that doesn’t mean we should ever overlook the second–in-command, namely the CFO.

Behind the scenes, all of the great achievements, most likely, could not have happened without the financial house being kept in perfect order by the CFO. CFOs do all the heavy lifting behind the scenes – which, according to me, is a vital ingredient to sustain the business and may be the key to transition the company from ‘good’ to ‘great’. Here’s one such ‘on-the-ground’ situation faced by one our own CFOs that shows us exactly how priceless a good financial insight can be.
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Factors to consider before investing in a company

Marketing Team

Investing in any company is a risk. Having enough information about the company and its plans is essential as it enables you to make preliminary projections about future returns.
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Is Your Business Fundable?

Vinod Keni, Executive Director, MyCFO

Vinod Keni, Executive Director, MyCFO

These are exciting times for entrepreneurs. Though it is no walk in the park, more and more people are turning to entrepreneurship and working on exciting ideas that could be large and successful enterprises. Today, businesses have access to capital in the form of angel, venture and growth capital, provided their business models are proven and reasonable, they have a team to execute and are building sustainable organizations. And, of course, there are friends, family and fools.

As an angel investor and consultant, I have been investing and advising startups for a while. I get to meet enthusiastic entrepreneurs and teams looking to raise capital. Several of these are good businesses, but are not necessarily fundable by venture funds or angel groups. Investors and financiers define ‘being fundable’ differently; individual angel investors may fund a startup that is not necessarily attractive to venture funds. What is fundable by venture capital or private equity may not be fundable by angels or individuals, and what is not fundable through equity may be fundable through debt. As a first step, I always tell entrepreneurs and companies that they need to analyze and understand why their startups or businesses may be fundable. This saves time, avoids disappointment, and allows you to focus on building your business.
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ANNUAL BUDGETING – How To Move Budgeting From An Annual Ritual To A Tool To Generate Better Results

S Venkat, Co-Founder MyCFO

S Venkat, Co-Founder MyCFO

It is that time of the year when you as entrepreneurs or finance professionals will be planning the budget for FY17 – 18. Having helped over 300 companies with their Budgeting and Business Planning process over the last 5 years, the MyCFO team has put together this blog to help you get more value out of this exercise.

Here are some pointers that will help you plan more incisively and get an output which is not just an excel spreadsheet but gives you a real shot at moving your organisation in the right direction at the right pace. As part of this new year’s new resolutions, make your budget reflect where you want your business to go and how you want it to grow. Take a conscious step back; see where you are and then, move on to see where you want to be. Or where you can be. Your budget is a map. Here are some pointers as to how you could draw it.

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From Seed To Tree – Finance Function & Investor Delight

Deepak Narayanan, Co-founder, MyCFO

Deepak Narayanan, Co-founder, MyCFO

This piece is not about start-ups and young entrepreneurs.

Its about the investors who are wooed by businesses and pump money into the Indian business ecosystem. It is about ‘Investor Delight’ which is not equivalent to appeasement. It’s about making them quote your company as one of the positive examples in their portfolio which can only have a positive spin off for all concerned.

India is the third most preferred economy by venture capitalists and private equities. What businesses need to understand is that Venture Capitalists and Private Equity investors are seeing potential in India, yet, they are looking at more mature and sound businesses/ ideas. After the head over heels rush a couple of years ago, investors are being cautious. They are beginning to understand that the growth spurt of start-ups has slowed down and businesses are beginning to settle down and find their niches. These developments need to be communicated to investors regularly by CFO’s and founders so they are well informed.
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Does The ‘Business Partnering’ CFO Make A Good CEO?

S Venkat, Co-Founder MyCFO

S Venkat, Co-Founder MyCFO

Today’s CFO is more than the custodian of the investor’s wealth and a conduit to the Board of Directors and share-holder community at large. The modern CFO aligns with the CEO as an equal partner to increase profitability and improve cashflows while providing operating and financial metrics to measure business performance.

A CEO is the one who has a long-term vision and uses the metrics to deliver on the agreed direction, pace and quality of business growth. To become a CEO is not every CFOs ambition. Those who want to, and make the cut to the corner office, are individuals who have a vision for the organization. They can think beyond ‘generating numbers’; they ‘apply’ them to the business and get results. Needless to say, other CXO’s are in the running for the corner office, but the CFO is getting more and more preferred for this role. But a CFO has stronger connects with the Board and investors, and therefore is already aware of their expectations. Besides, he also has a sound grasp of processes, solid understanding of the levers that move the business and close working relationships with all functional heads in an organisation. With the external business environment becoming more volatile and uncertain, data driven decision making are at a premium. Since the CFO has access and understanding of all these, he/she is being preferred more and more to maintain a steady state of the business.

CFOs also have the ability to translate business performance into a language that is understood by investors. With the proliferation of PE and VC funding and with primary markets looking up again, the ‘articulation’ provided by the CFO is an attractive attribute to look for in the CEO candidate. Continue reading

Salesman Of The Year Goes To …. Your Accountant!

Sr. Finance Professional, Unilever

Arun Sriram, Sr. Finance Professional, Unilever

One can quite easily spot an accountant in an organization during a floor walk. You need no directions to find them. He is that one person whose office is situated close to the seat of management. Yet, with a sense of detachment, goes about his business with minimal influence of the action that dictates the business leadership’s excitement.

The one whose mother tongue is excel. The one who thinks smiling a bit extra would leak dollars from his teeth.

Come to think of it at a slightly deeper level, the accountant’s profile has two components. By an accountant, I am including the CFO and the Controllership org in entirety.
One is more straight forward – as a custodian of the investor’s wealth. So there is a natural tendency to be guarded about information sharing. Continue reading