ayushmandhyani.com

Author: Ayushman Dhyani

  • Basic Accounting Terms

    1. Accounts
      It refers to the transactions and events that are entered into the journal and posted into the ledger. An account can be made using the double entry book keeping system.
    2. Book Keeping System

  • How to think of a business Idea “

    To arrive to a great business idea, in my view we have to deeply think of below aspects of building business idea:

    1. Resources required
      • Technology
      • Human resources
    2. Capital and leverage
    3. Operations
    4. Compliances
    5. Challenges (SWOT analysis)
    6. Scale

    Resources:

    When I think of the resources I think in two directions. One is for machine/ automation and another is about human capital. In the today’s world machine and automation is the key to execute a business and as business can only be successful with the optimum utilization of machine power such as AI in these days.

    Having said that human capital is also equally important but it must be used for a non mundane works. A human can add a lot of value in terms of high level thinking and being creative.