GUWAHATI: With a study revealing that 79 small business units are turning financially unviable every day and only 13% of Indian family businesses survive to the 3rd generation, financial planners are coming up with business continuity planning (BCP) to sustain the enterprise in Northeast India, which is the first-of-its-kind.
Finedge Services LLP, a financial planning organization from the northeast, stated that the region has seen a spurt in entrepreneurial activities in the past two decades. “The sharp rise of local startups with the growing MSMEs in the region is a reflection of our entrepreneurs far-sighted aspirations & and their expectations of the businesses perpetuity,” it said.
The organization has started offering BCP. “The aim is to bring forth financial, legal and human ease while the business has to continue through potentially tortuous environmental changes and ownership transfer. So, no matter what, the business continues,” it said.
It further added, “Our purpose is to provide financial peace in the society through best in class advisory services and financial solutions.”
Kaushik Moral, Board Member at Finedge, said, “The unique and practical approach that we shall pioneer in our BCP offerings to business-owners is our multi-pronged but integrated profiling-based consultation from our strong BCP expert panel, which comprises 10 highly qualified planning professionals from varied fields, including insurance, investments, valuation, legal and business coaching.”
He said, “We’ll make sure to serve our clients most cost-effectively without having them bled for their profits and tax outgo.” With a study revealing that 79 small business units are turning financially unviable every day and only 13% of Indian family businesses survive to the 3rd generation, financial planners are coming up with business continuity planning (BCP) to sustain the enterprise in Northeast India, which is the first-of-its-kind.
Finedge Services LLP, a financial planning organization from the northeast, stated that the region has seen a spurt in entrepreneurial activities in the past two decades. “The sharp rise of local startups with the growing MSMEs in the region is a reflection of our entrepreneurs far-sighted aspirations & and their expectations of the businesses perpetuity,” it said.
The organization has started offering BCP. “The aim is to bring forth financial, legal and human ease while the business has to continue through potentially tortuous environmental changes and ownership transfer. So, no matter what, the business continues,” it said.
It further added, “Our purpose is to provide financial peace in the society through best in class advisory services and financial solutions.”
Kaushik Moral, Board Member at Finedge, said, “The unique and practical approach that we shall pioneer in our BCP offerings to business-owners is our multi-pronged but integrated profiling-based consultation from our strong BCP expert panel, which comprises 10 highly qualified planning professionals from varied fields, including insurance, investments, valuation, legal and business coaching.”
He said, “We’ll make sure to serve our clients most cost-effectively without having them bled for their profits and tax outgo.”