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How to Sustain a Business During an Economic Crisis

The stronger your business is and the more sustainable it is, the less risk it has when there is an economic crisis
Operations

Towards Better Procurement

Among the many costs that you hope to minimize when engaging in a business, procurement is probably one of the most important factors that you might have to consider. This is the same for both large scale and small scale businesses. Here’s a snapshot of procurement and ways in which you can make it more efficient and cost-effective.
A Guide to Entrepreneurship

A guide to entrepreneurship Ep 4: Financial Management & Planning

This conversation is on Operational and financial strategy, budgets, profit and loss, cash flow and debt management
Knowledge Hub

Financial Ratios

If you are about to approach a bank or investors whom you expect to invest in your business, you need to show them that you have considered the big picture.
Finance

Equity Financing

Equity Financing refers to raising money through the sale of ownership shares in a company. This can be used by companies for multiple reasons, out of which raising funds for large investments or asset purchases is common.
Finance

Budgeting as an Effective Control Tool

“Budgeting” in the context of business can be defined as the process of estimating the finances of a particular business for a future period and planning its operations accordingly. Understood? Yes, me neither, for the first four times.
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Best Practices

Don’t get caught in economic weeds

Planning for a solid financial future is always important to help you avoid the economic pitfalls that you may otherwise fall into.
Finance

Entry level Accounting & Bookkeeping for SMEs

Bookkeeping and accounting are crucial aspects for any business, and especially for SMEs (Small and Medium Enterprises) in Sri Lanka. Having a good grasp of these financial practices allows SMEs to make informed decisions, track their progress, and ensure compliance with tax regulations.
Diriya Biz

Maintaining Profit & Loss statements

On this Diriya Biz video segment Prof. Rukmal Weerasinghe (Department of Entrepreneurship, University of Sri Jayawardenapura) takes us through maintaining Profit and Loss accounts, types of documentation, and its benefits.

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Diriya.lk is a sustainability and social innovation initiative of Dialog Axiata PLC. The content available herein is aimed solely for the purposes of educating, guiding and assisting Micro, Small and Medium Enterprises (MSMEs) in navigating the challenges of the fast paced business world. As such, Dialog Axiata PLC, its staff, its officers or Directors shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages or damages for any loss of profits, revenue, business, savings or data, incurred due to the use of the content available on Diriya.lk.

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