Being your own boss is one of the important aspirations in one's life. However this aspiration is accompanied with significant financial risks. There are number of challenges a entrepreneur faces both during the initial stage and on-going basis of the business. At Pelican we understand risk and long term planning and design a sound financial plan that works through the phases of business growth/downturn.
- Start saving: Line up money before starting a business. You need to figure the capital cost, machinery cost etc and start saving money for the capital for which appropriate business plans needs to be charted out.
- Detailed Attention: Few points need to be given adequate attention while starting business
»Are you well covered under insurance in case of mishappening
»Does your employee funds are government regulated
»Does the form of business affect the tax situations
- Protection: As business is inherited with financial losses adequate protection needs to be done for family, the people and physical assets. There are insurance products which have plans to cover all these uncertain calamites. Pelican helps you to identify the same which makes your life much easier.