Month: September 2022

SMALL ENTERPRISE INDIA COLLABORATED WITH PLUGIN ALLIANCE

Small Enterprise India

Aspire AEONIAN (Aspire Media Pvt Ltd) – Publishers of Small Enterprise India (for SMEs), are thankful for the recognition that we received from Plugin Alliance, founded by Intel Corporation and SINE – IIT Bombay, as a platform since 2009, educating MSMEs to help their businesses grow. Plugin Alliance is the first-of-its-kind industry technology alliance in India for enterprises and MSMEs to accelerate and scale emerging technology solutions. The vision is to provide an open collaborative framework for the ecosystem to nurture innovation and accelerate the adoption of smart industry solutions enhancing global competitiveness.…

BUSINESS SKILLS FOR WORKPLACE SUCCESS

Small Enterprise India

In this century, artificial intelligence, automation, and technology can take control over the majority of things. It has changed the course of actions in business life as well as in personal life. In short, the technical revolution has made things convenient and comfortable for humans in all aspects. Some people think it is a big concern because most of the tasks are now automated and require less manpower to perform. Not only this, it has enormously increased the competition between MSMEs, leaders and employees. Hence, it is becoming essential for…

A STREAMLINED CASH FLOW EXEMPLIFIES POSITIVE FINANCIAL HEALTH OF AN MSME

Avni Porwal

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 can help you grow faster.  Cash flow management is the most imperative aspect of running a business. Studies have showcased that 60% of businesses fail because they aren’t able to…

THE LAZY CUSTOMER MODEL

Neetu Vijoy Bansal

Have you noticed that most start-ups today are solving problems that ease the lives of their customers. From ordering a cab to your doorstep to software that can automate all tasks, businesses are making our (customers) lives faster, easier, safer, and simpler. As a Business Coach working with SME Business owners, I propagate learning from other segments. Do read my earlier write up “Things Small Businesses can adopt from Large Corporate”. Continuing that theme, one of the things SME Business owners can learn from Start-Ups is to rethink the Customer’s…

BANK APPROACHES THE CHALLENGES OF SERVING SMEs

Small Enterprise India

For SMEs, access to finance is a significant challenge. They need affordable lending solutions, improved credit risk scoring, and less friction. But banks often fall short of these objectives. While each of these approaches has merit, if they fail to commit to one main approach, the result is a hybrid. Banks should focus on the unique challenges faced by SMEs to meet their funding needs. Listed below are four ways to improve bank offerings for SMEs. SMEs struggle to access finance. SMEs across India face significant challenges when it comes…

BALANCING QUALITY AND GROWTH

Small Enterprise India

All businesses have the common goal to achieve growth while maintaining the massive quality customers to get supported the excel in the business community. Small business owners make constant initiatives to reach the highest level of business growth to become the next tycoon in the business community. But for Balancing Quality and Growth, the journey needs the face-off with the hurdles and zeal to cross it with a set strategic approach to retain and gain the old and additions to list of quality customers. The customer crowd has been categorized…

JOURNEY TO SME BANKING TRANSFORMATION

Small Enterprise India

SMEs (Small and medium-sized enterprises) are the strongest hit by the changing environment especially when the crisis arrives. During COVID-19 the case became more worst and then the need for SME Banking Transformation evolved to support SMEs’ success. Towards the beneficial aspects of SME transformation, banks need to have a thorough knowledge of their challenges. Where to start for SME banking transformation? There should be a deeply focused approach on the areas of concern to find the solution for the problems faced by SMEs and the banking support required. Let’s…

RISK MANAGEMENT

Small Enterprise India

One of the first things you should consider when beginning the planning phase of a project is what could go wrong. Although it sounds terrible, pragmatist project managers know that this kind of thinking is preventative. To know how to manage risks when project planning, you need to have a mitigation strategy. But how do you approach figuring out the unknowable? Don’t panic; there are actionable steps you can do despite the paradoxical-sounding nature of the situation. To help you discover and monitor risks on your project, we’ll talk about…

BRIDGING THE MIDDLE: SME BANKING TODAY

Small Enterprise India

SMEs are companies with financial needs that are too large for microfinance but too small for corporate banking models to properly serve. They are a substantial and economically significant sector in almost every country on the planet. SMEs account for over 50% of national output in high-income and several middle-income nations. The SME banking industry is in upheaval. It has evolved from a market thought too difficult to serve to a strategic objective for banks worldwide. The “missing middle,” which refers to the gap in financial services available to SMEs,…

WHY SME LOANS GET DENIED

Small Enterprise India

Small and medium-scale enterprises are intensely involved with the economy of the nation. Some of the time, they also play a pivotal role in pushing up the economic growth of a country. But in most cases, SMEs face many financial obstacles, such as arranging capital to start or running the business smoothly. We can all agree that financial flow is always necessary for running or growing a business. To supplement their economic scarcity, SMEs typically apply for loans, but they are met with heartbreaking denials. In some cases, SMEs are…

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