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OYO May Not See Profits In China, India Until 2022

PYMNTS

India-based OYO has filed a valuation report with India’s ministry of corporate affairs indicating that the company did not expect to turn a profit until 2022, Reuters reported on Monday (Nov. The losses were six times higher in 2019 through March compared to 2018, but its revenue more than quadrupled for the same time period.

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What Are The 4 Components of Financial Health?

CFO Share

In the dynamic realm of startups and SMBs, understanding the pillars of financial health is paramount. For SMBs and startups, liquidity ensures operations run seamlessly, avoiding disruptions caused by short-term cash constraints. For SMBs and startups, managing long-term liabilities effectively and building assets is vital.

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Scenario Planning in Uncertain Times

Centage

Profit and loss statement: Also known as an income statement, a profit and loss statement summarizes your company’s costs, expenses, and revenues incurred in a certain period, such as throughout the fiscal year or during a specific quarter. Companies typically create a budget before a forecast.

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OYO Reduces Hotel Room Count, Begins Layoffs

PYMNTS

As it encounters pressure from SoftBank, its largest investor, to cut back on operating losses, budget hospitality company OYO is quickly scaling back. With its Vision Fund, SoftBank has put money into startups around the world in recent times. The retreat of OYO has been fast and broad.

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The Challenges of Constant Change and the Need for Accurate Scenario Planning

Centage

The end result is improved forecasting when it comes to revenue, profitability, and cash flow. However, CB Insights says that nearly half of all startups fail because they’re trying to solve problems that don’t actually exist. In fact, companies often suffer financial losses as a result of poor project planning.

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SoftBank Amplifies Capitol Hill Lobbying Efforts

PYMNTS

SoftBank now has 13 people on its government affairs team who advocate for SoftBank itself as well as for the numerous startups it backs, including autonomous vehicle and commercial spacecraft firms. . Ojakli said most of SoftBank’s lobbying budget is spent on advocating for the startups it has invested in. .

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Scenario Planning in Uncertain Times

Centage

Profit and loss statement: Also known as an income statement, a profit and loss statement summarizes your company’s costs, expenses, and revenues incurred in a certain period, such as throughout the fiscal year or during a specific quarter. Forecast vs. Budget. Businesses usually create a budget annually.