In today’s environment, MSMEs are facing a number of challenges, including tax reform and global solidarity in fighting various business issues. While this may not be enough, there are measures that can help these businesses weather the storm. These measures can provide much-needed financial support to the MSMEs. The financial aid for these businesses will go a long way in…
Day: 1 August 2022
OVERCOME MAJOR BUSINESS CHALLENGES
Even after strongly steering across the professional journey, MSMEs still face multiple challenges. The economic climate in India is still sluggish, and the government’s policies are not enabling them to compete successfully in the global market. Among these challenges are the lack of finance, poor access to credit, and inefficient distribution of tasks. As a result, most of the MSMEs…
HOW STREAMLINED CASH FLOW EXEMPLIFIES POSITIVE FINANCIAL HEALTH
Cash flow and financial management are extremely important for MSMEs, as it helps ensure that bills and employees are paid on time. This, in turn, helps the business grow. MSMEs fall into one of three categories: manufacturing, service industries, and a combination of the two. Effective management of cash flow is vital to the success of any business, and it…