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Never Do This Mistakes in your Startup ❎ | eAuditor Office | Being Scenius Tamil Podcast
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- Опубликовано: 15 авг 2024
- Support podcast ⤵︎
UPI: srirampodcast@ybl
On this episode of the Being Scenius Tamil Podcast, Sathish Ramalingam and Vinay from eAuditor reveal key mistakes to avoid in your startup journey. We dive into common pitfalls, the importance of finance tools, and why finance is often neglected. Learn about the necessity of a private limited company, steps to reach your goals, and effective strategies for measuring profitability. Plus, get real talk on fundraising, valuation, and whether you really need a virtual CFO.
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Timestamps:
0:00 Comming up
1:16 Introduction
4:38 Company Registration
9:43 Common Mistakes
15:25 Fiance Tools Needed
20:55 Why Finance is Ignored?
27:58 Private Limited Needed?
32:12 Steps to Reach Your Startup Goal?
45:19 Measure Being Profitable?!
50:09 No-Tax for Startup?
55:06 Don't take Money from your startup!
59:19 Fundraising is simple?!
1:16:17 Valuation and Investor Reality!
1:24:20 Virtual CFO Really Needed?
1:40:26 Questions from Previous Guest!
1:43:28 Outro
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About Being Scenius Podcast:
Being Scenius Tamil Podcast is a podcast that features interviews with successful people from Startups, Entrepreneurship, Content Creation, and more. Learn from successful people, get inspired, and achieve your goals.
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Thank you, Sriram! I thoroughly enjoyed your questions and am happy to have shared our experiences on this podcast. We aimed to convey several critical insights to all founders and business owners. I believe entrepreneurs and business professionals will greatly benefit from this episode.
Thanks for your time sharing knowledge, sathish! Convey my gratitude to Vinay and your team!
One of the best podcast I have watched in recent time.
Nandri bro ♥️
50:09 No-Tax for Startup? 1:16:17 Valuation and Investor Reality! 1:24:20 Virtual CFO Really Needed?
No-Tax for Startup?
No, startup need to pay tax. Only for certain period tax is exempted only for the eligible startups. If you are a eligible startup to get DPIIT certificate, then once receiving the DPIIT certificate you can go for Income tax exemption application in the DPIIT portal, if it approved you will get 3 years tax exemption benefit - first you will pay then you can take credit. In layman term only for 3 years you will get tax exemption.
Valuation and Investor Reality
Purely based on your product/services, scalability and exit plan for investors.
Virtual CFO Really Needed?
Its not mandatory, but Yes, for whom investments are done and for businesses whose turnover more than Rs. 3 crore.
As always, Value over Delivered! Kudos to team E-Auditor office & to Sriram🎉
Nandri Atmaj!
A very phenomenal world class insights to the budding & ASPIRING entrepreneurs, these responders are highly knowledgable in the domain.thankQ immensely for this priceless podcast,pls keep going
RPK Blore.
Thanks, RPK!! Please share this podcast with people who may find it helpful!
Wow 😇 Extremely interesting and great podcast 👏 👍. Every entrepreneur from MSMEs and Startups must watch 🙌 Thank you Sriram ji for sharing this podcast.
Glad it was helpful to you Ji!
28:00 well explained about company registration. Im just created my opc company a 6 mnt before . I don't know complaince and inc 20 auditor appointment , capital requirements. I create using online consult they didn't give proper guidance . But this podcast give clear explanation to new one want to create ❤🎉🎉🎉
Thanks for the detail feedback! Please share among your group bro!
Really amazing podcast 👏
Thanks a lot, mam! Please share with the people around who could get value from it!
Bro very grateful to u..
One of the best interview from ur side!
Very glad that we having u in tamil...
Thank u so much keep going on
#PurposeOfLife
Thank you so much 😀
Hats off bro ✨one of the best video i ever seen 🔥
Pleasure is ours, Suriya!
Sema. Many of them should watch this
Thanks Eswaran! Please do share this within your group!
Super useful podcast and awesome series 👌
Thanks 🙌🏻
thanks for podcast bro❤
It's my pleasure, bro!
Full of information. Feel like attended a paid course. well done team 🫡 #purposeoflife
Thanks bro! Happy this podcast added value to you in a small way! Yeah, this is my #purposeoflife!
Every second counts ❤🎉🎉🎉
Love from #Purpose of Life
Nandri Vignesh!
Hats off Mr.sriram. keep going. 🎉🎉Best wishes 💐
Thanar Chandrasekar Uncle!!
Valuable points 🎉
Thanks!
Really valuable time to viewed this video
Happy that the podcast added value to you in a small way possible!
Thanks for making the video
Pleasure is mine, arun! Please share them among your peers!
Wonderful video for a startup to start with... Hats off for this podcast and the team which shared so much detailed information with clarity.
Thanks, Santhoshy!
I am a first generation entrepreneur. So many doubts and questions are answered. All the best. Keep podcasting.
Welcome to the club bro 🙌🏻
On theme! Up to the mark! 🫡
Nandri Nandri Nandri!!!
best and informative podcast
Thanks, please share the podcast with people who may find it helpful!
Great video Sriram bro, it was very useful
Regards,
Guru, TheMediaGuru
Thanks guru bro! Please share this with people who may find this helpful!
High Value Podcast ✅
Thanks 🙌🏻
Super sir
Thanks sir!
Its a very good channel, and you are doing a great job. Keep going all the best 😄👍
Thanks 🙌🏻 More episodes on the way!!
Amazing all these i learned North based auditor in youtuber channel in english. U did great job by doing in tamil. The Interviewee explained everything in deep & had great understanding.
You're doing really wonderful work, Sriram. Keep going
Thank you so much 😀
Very useful video.
Much needed for this gen entrepreneurs.
Great work.
Both people are looking highly knowledgeable and open minded in sharing information.
Great one naa!!
Nandri bro 🙌🏻
Bro intha mathurii video la neraya yaathir pakurom bro 🤜 enghala mathurii yong entrepreneurs ku romba use aghum thanks for ur videos ❤
How to fix partnership share in a startup amoung founder ?
Logically based on the following
1. Partners involvement and contribution to the startup
2. Expertise he brings
3. Value he adds to the startup
4. Investment he makes in monetary and non-monetary
Based on these points you can arrive the shares to be distributed to each of them.
Actually every second worth👌🏼 Keet it up Mr. Sriram🤝
Thanks, Evvi! More podcasts are on the way! Do check our old ones too!
U should use the subtitle bro
Yeah bro, practically it's not cost effective and it precedes the overall podcast production cost! That's why we haven't in future we will try to bring subtitles bro!
Thanks for a fantastic podcast, guys! Impressed by the clear and actionable advice shared by Vinay and Sathish.
The points on identifying and avoiding common startup pitfalls were spot-on, especially the emphasis on a strong Management Information System (MIS). At Magnus Consulting, we strongly believe that a well-established MIS is the backbone of any successful startup. It provides real-time data and insights crucial for informed decision-making, growth, and avoiding costly mistakes.
Another key takeaway was the importance of discipline towards accounting and compliance. Many startups underestimate the complexities of financial management. Adhering the applicable regulations and maintaining accurate financial records not only fosters investor confidence but also avoids potential legal issues down the line.
Overall, a valuable episode for any aspiring entrepreneur. Keep up the excellent work, Vinay and Sathish!
#startupadvice #MIS #accounting #compliance #MagnusConsulting
Anna.. Really informative.. Ennaku kooda doubt irunthu business start panna registration related ah.. Intha mathiri podcast neraiya podunga.. Your work is greatful
Kandipa bro! All things were lined up!
As him why MCA delays company registration process for months. I have bad experience with Eauditor office where they took more than 2 months for company registration. It took only 1 month for offline auditor to register company. Don't ever pay money before company name gets registered
Hi Arrshath, thank you for your comments. Yes, during your company formation process, the MCA was migrating from version 2 to version 3. That's completely because of the names that you have proposed. Those challenges clearly communicated and promptly updated to you. We believe the names what you have proposed to us and your present name of your newly registered company is different. May be in future MCA will bring down to the registration process simple and in lesser days. Wishing you the best!
@@eAuditorOffice Fine! Kindly take it as feedback & I have no personal grudge against your company. Thanks & wishing you to grow bigger
Definitely Arshath 🎉
In my personal experience if we meet a finance people, they will kill our business enthu right away and give an illusion of we are saved. This interview is no exception
Thanks for the efforts ❤ gave clear clarity and long doubt clear when to enroll a company 🎉
More power to you
Nandri bro 🙌🏻
Amazing Sathish bro... His knowledge is amazing... eauditor
🎉
6:15 LLP details I’m not getting to register new company if you could explain
Sure bro, eAuditor team will explain it!
@@sriramselvan Thanks for your quick response I was trying to get more details about LLP
For LLP Registration minimum of 2 partners required.
Following are the steps
1. Should share partners KYC documents and registered office details
2. Name reservation
3. DSC will be taken for partners
4. Signing documents preparation and roc documents preparation
5. Once documents are signed by partners, these will be attached with the roc documents and submitted
6. Once llp formation is approved, need to file the LLP deed within 30 days of LLP registration
Entire process will take 4 - 7 weeks. But for all businesses LLP registration is not required. for more details visit eAuditor Office website, Limited Liability Partnership (LLP) under New busienss Tab
Bro nice podcast ❤ but where is the my competitor video link 🔗
Check now bro! Added in the description!
Very thoughtfully framed questions
Very insightful podcast
Thanks 🙌🏻
Highly intense and useful
Thanks Narendran, please share this with your friends!
ஏப்பா தமிழ் நு thumbnail போடுங்கப்பா
கண்டிப்பாக add செய்கிறோம்!!
Very useful podcast.
Thanks! Please share them to people who may find this helpful too 🙌🏻
Very good video Brother. Coimbatore uh ?
Yeah, the guests were from Coimbatore!!
Thanks alot anna for this podcast, it's really eye opening video.
I have a question, what if an investor get our idea and start their own business, as they might already have team of their own, enough money?
99% not possible. Because they have lots of intense work in selecting startups and managing the funds.
Bro what's the name of the book you read on the company act's, could you please share.
Daily coffe and startup fundraising! Link in the description!
@@sriramselvan thank you so much !! And bro can I have your contact detail like a mail or something I have many doubts which I want to ask you
ruclips.net/p/PL5q_lef6zVkaTY_cT1k7qFNF2TidHCe-1&si=cBjxrnpJYtU-qacp
Sam Altman playlist referred to in the podcast
Thanks bro! Have added them in the description too!
How to contact you sir
Website link in description sir!
Very important discussion and lots of learning. This applies to all the startups around the world. Not only for Indian Entrepreneurs. I’m a Malaysian entrepreneur and enjoyed the discussion throughout my morning jog 🫡
I'm glad that you found this podcast helpful, Vishnu!
@@sriramselvan keep in touch brother. You guys doing amazing job. Proud of you.
🎉