Year: 2021

Essentials to Convert an IDEA into Reality

Dr. Kiran Kumari Patil

For an aspiring entrepreneurs, it is often common to come up with a variety of crazy ideas for new businesses without much clarity on implementation and how to convert idea into business venture.  We can think of a business concept as a bridge between an idea and a business plan. Basically it focuses one’s thinking so that the entrepreneur can identify the opportunities and challenges of his/her proposed venture. Converting an idea into a business concept requires thinking about how the product or service will be sold and the targeted…

Bahi Khata for Small Businesses

Small Enterprise India

We have conducted a candid interview with Mr. Harsh Pokharna, founder – OKCredit, who digitized the Bahi Khata of Small Businesses. Read on how their journey became the source of strength and inspiration. 1. What inspired you to launch OkCredit? The idea to build OkCredit came from our personal experience. We (the co-founders – Aditya Prasad, Gaurav Kumar, and Harsh Pokharna) used to buy groceries on credit from a nearby store, but settling it was a tedious process. The problem lied in the way it was recorded- sometimes on the…

Great Tips to Attract the Right Investors for your Business in 2021

Small Enterprise India

Many of the businesses require new investors for launching their start-ups or for scaling their businesses. There are many ways of approaching this fundraising. The companies that need fundraising also get the attention of those who have the capital so that they can get to another level. Every business that is in a stage of growing, no matter how successful it is, will need funding at some stage. Even the businesses that have a great business or product idea and impeccably lean operations need more capital at some point. This…

How 2021 is Shaping the Crucial Drifts of SME Banking Industry?

Small Enterprise India

In the coming years, banks will need to continuously improve their technology to match the needs of the markets. In the future, SME banking will be the biggest trend in the financial markets. Some of the biggest matters relating to SME business operations include the opportunity to run sustainable units. These sustainable banking trends are being designed to serve smaller businesses globally. It is time to understand the opportunities which will help in running competitive, innovative, and sustainable SME banking systems. The SME Customers are expecting banks to provide intelligent…

9 Valuable Remote Tools that you should use if you are an Online Business

Small Enterprise India

With the ongoing pandemic, most businesses are urging their employees to work from home. These businesses need to be profitable while managing a remote team. For this purpose, they are employing the most professional remote tools. There are multiple advantages to having a remote team. But this needs the best remote tools. There are some remote working tools for those who are managing teams from different parts of the world. Many businesses use some of the tools, others might use all of them. They will fit in your business’s requirement…

5 Reasons for Increase in On-demand Apps Post Pandemic

Small Enterprise India

With the pandemic, many of us are stuck indoors and this has impacted the mobile usage trends as well. This has resulted in a surge in the usage of on-demand mobile apps. Many of these on-demand apps are becoming a favorite of users. These apps have great functionalities in modern times. Many on-demand app development companies are thus thriving in this economy. Many tech-savvy people use on-demand apps. This also helps to increase internet surfer’s volume with the use of mobile devices. Mobile App Demand has grown over time Many…

Amidst a Raging Second Wave, SMBs Witnessed a 7% Increase in Customers: OkCredit Data

Small Enterprise India

OkCredit registered an overall 15% increase in transacting customers since March 2020 Maharashtra, despite being severely hit by the pandemic, witnessed a 35% decline in transactions this year in comparison to a 65% drop last year. Tier-1 cities have been most affected as witnessed by the drop in transaction levels. For Delhi, Karnataka and Kerala the drop in transactions was 73%, 60%, 53% respectively in 2020 while this year it was much less- 44%, 27% and 20%  In a new report that shows the pulse of small and micro business…

Future of Automation in the Banking Sector

Small Enterprise India

As the automation wave has increased in the banking sector, its capacity has increased and now the employees have more time to focus on bigger value projects. This opportunity should be captured by the banks to take a strategic approach rather than a tactical approach. Automation in the banking industry has been a big focus and an area of huge interest globally in the banking industry. Banks have started deploying the latest automation techniques to deliver a wave of productivity, improvement in experiences, and cost savings. The results of this…

How can Banks Assist SMEs in these Challenging Times Post- COVID?

Small Enterprise India

With the current pandemic affecting the global economy, financial institutions and banks have started navigating to the post-COVID- 19 strategy. This is the long-term outlook to improve the bank’s crisis response. All the global banks including the community banks are struggling with their future strategy. This strategy is focused on supporting the small businesses during the crisis and taking the economy to the ultimate salvage. PwC recently surveyed to understand how small businesses are coping in the United States.  It was seen that although the small and medium businesses are…

Startups: How Peer-Support Networks Can Help

Sumaiya Khan

Launching a startup is a substantial step and surviving in a hostile business environment is even scarier. But that doesn’t mean it eliminates the chances of survival and success. In the case of startups, due to lack of experience, a strong peer-support network comes to the rescue. A peer-support network refers to the term where people in the same situation/ experience help each other both practically and emotionally. In business terminology, a group of people/experts from similar business background and experience come together to help each other succeed in the…

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