An Entrepreneurs Start-Up Blues

Abstract

Anand, an MBA-student-turned-entrepreneur, was jubilant over his own textile trading venture until a credit-rating agency made a negative observation about the net worth of his business at the end of the first year. He became perturbed, as he was clueless about the actual status of the financial health of his business. With no internal accountant to help him, he was looking for ways to classify and summarize the financial transactions made in the past one year and understand the true worth of his small business.