Business Insider/Nandita Das Business Insider, November 29, 2019India is India, and as much as we all love to love it, it is also India’s most expensive country to do business.
As such, it’s no wonder that many of our most successful family businesses are run from overseas, but there are ways to help make it even more affordable.
To make India a more attractive place to do your business, you should focus on these six family business metrics: income, profits, cash flow, operating cost and revenue.
This will help you decide whether to set up a family business in India, or invest in an existing one.
As an example, let’s look at how family business income stacks up with other family businesses in India.
Sudarshan Das India’s business environment is unique.
As a result, family businesses need to be able to manage multiple sources of income and also make use of other family business resources, such as a business insurance policy, for the long-term.
This helps family businesses keep costs down, and it’s important to ensure that your business is profitable for you and your family.
For our family business metric, we’ve created an income-tracking system that helps us assess how our family businesses can achieve its objectives.
The system provides a snapshot of the business’s revenue, income and expenses and then allows us to compare these to other family-run businesses in the country.
This system is available for both Indian and foreign businesses, and is available in both Excel and Word formats.
The income-revenue chart is also available for those who need it.
The chart can be viewed in either a vertical or a horizontal format, and you can also drill down to see specific metrics like revenue, profitability, cashflow, operating costs, operating profit, income per employee and employee cost.
We’ll also cover the key points of our family-owned business, and the metrics that they use to manage revenue, profit and expenses.
If you’re looking for some tips on how to set-up a family-based business in the Indian market, check out our guide on how and when to start a family in India , and for a quick guide on setting up a business in an overseas country, check our guide to setting up an Indian business in Canada.
If this article helped you, you can download the free Family Business Tracker app from Google Play to get started.