Self Employed / Business

retail business

Cash flows for Business men/women are not predictive (unlike employees) and are highly impacted by market conditions, customers’ demands and competitive moves. Financial discipline for Business persons takes this unpredictability into consideration and requires an approach unique to each type of business, understanding their challenges and capitalizing on their strengths.

Managing risk and insurance play a very important role in this category. Insurance with Married Women’s Protection Act (MWPA) becomes even more critical. Please click this blog written by me to know more about what is MWPA.