Month: October 2022

TRADEINDIA: JOURNEY OF A B2B MARKET LEADER

Small Enterprise India

Launched in 1990, Tradeindia.com, a leading B2B marketplace owned by Infocom Network Ltd, has come a long way in helping millions of MSMEs conduct business digitally, making their lives easier and doubling their business growth year-on-year. Small Enterprise India caught up with Sandip Chhettri, CEO, TradeIndia, for an exclusive interview. An accomplished e-commerce and business expert, Chhettri is a well-known face in the MSME sector, having over 20 years of experience in the space. Currently, he manages and oversees the overall operations of the company and directs agendas to drive…

Headstart HS.X 2022 – Celebrating 15 years of Entrepreneurship

Small Enterprise India

Headstart HS.X 2022 concluded successfully on 15th October’22 at the IIIT Bangalore campus. The journey started in 2007, by getting all stakeholders of the startup ecosystem together, to initiate Startup conferences. Since then Headstart have expanded to 23 cities across India. They have created over 20 different initiatives to add value to early stage startups in the country. The massive event, Headstart HS.X 2022, was a true spirit of entrepreneurial celebration. An extremely well-curated event, that enabled networking with the who’s who from India’s top startups, VCs & angels, Corporate…

Remedies for Tackling SME`s Difficulties in Accessing Finance

Small Enterprise India

In the ball game of Business in the Indian perspective the need to acquire, invest and diversify funds meets a huge part of financing roles of the Management of any Business. Big tycoons and business giants tends to chuck out funds from diversified sources and also provide good support to the lenders in the long run of doing business. At this point the Small and Medium Enterprises (SME) and Small Scale Industries (SSI) find it difficult to curb out the funding or the minimum finances required for their various activities…

GOVERNMENT SUPPORT OF SME FINANCE

Small Enterprise India

India has about 60 million+ Micro Small and Medium Enterprises, including registered and unregistered ones. SMEs have contributed about 40% of total manufacturing and 34% of total exports to the Indian Economy. They have become crucial; to the country’s economic growth, leading to employment generation and entrepreneurial development. SMEs are heavily reliant on debts to fulfil their start-up needs, cash flow and investment needs. Therefore, bank lending becomes the most common source of external finance for many SMEs. The government has taken a variety of measures to support SME access…

SME’s DIFFICULTIES IN ACCESSING FINANCE

Small Enterprise India

Small and Medium size Enterprises may be a new term in economics, but it is an ancient system in its existence. It starts from earlier small-scale animal husbandry or dairy farming to making mechanical parts. All are perfect examples of SMEs. In the present time, ancient enterprises are progressing and presented in a more polished way. The SME industry is growing daily and plays a vital role in the national economy. And it will perform well on global industrial platforms too. A good source of capital is the basic need…

TIME MANAGEMENT

Small Enterprise India

Time management or self-management is the most meaningful aspect of the life of businesses and individuals. Sometimes, it can even turn out to be your biggest threat. Individuals are responsible for how they spend their precious time. The way entrepreneurs and business leaders manage their time is unique to them. Time does not wait for anyone. The cause of someone not following a time management system can be due to various reasons ranging from distractions to not having a clearly defined goal. Time management can kick start by planning. Planning…

MSMEs PLANNING AHEAD OF TIME

Avni Porwal

A good preplanning strategy will not only help you through a crisis, but it will also help you protect your employees, your business, and the economy in general. If you’re a micro or small business, planning ahead is essential to avoid major losses resulting from a crisis. It’s also an apt way to learn from past experiences and prepare for future crises.  Micro, small and medium-sized enterprises (MSMEs) are crucial to the development of any country. They contribute a substantial portion to GDP, employment, and export. However, despite these benefits,…

HOW CAN MSMES KEEP UP WITH THE MARKET PACE?

Avni Porwal

The e-commerce sales cycle is one way to understand MSMEs’ challenges. In an ideal world, a buyer would click on a link; a fulfillment system would select the product, fill out the customs form, and deliver the shipment to the buyer’s doorstep. However, in developing countries, this kind of convenience is still far away. The weaknesses of an MSME’s e-commerce sales cycle differ from country to country. In some countries, a weak link is in cross-border payment acceptance. Others fail to follow up on after-sales service. MSMEs’ financial condition is…

IPO IS THE BEST ROADMAP FOR SMEs

Small Enterprise India

We all know the idiom “if there is a will, there is a way” this will be the only mantra for the small-scale industrialists to make it bigger. Determination and challenges are essential to survive in our highly competitive business industry. First, we must keep faith within to conquer our target. Let’s look closely at the life of business tycoons. We get similar things rather than a wish and will: hard work, proper business strategy, and goodwill. It is a challenging motto to establish own business and its sustainability. There…

WINNING THE BUSINESS LANDSCAPE BY BUILDING AN ABSOLUTE CUSTOMER COMMUNITY

Avni Porwal

Developing a community around your products or services is an excellent way to get new customers. MSMEs that lack access to loans or finance can’t buy a sturdy retail space. Flash floods can wipe out all the inventory in one day. Animal breeders don’t have access to weather forecasts, and drought can cause herds to perish. By building a community around your products, you can create a lasting brand name and gain new customers. The global supply chain can be disrupted by natural disasters, which have a severe impact on…

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